Hey Sive, I took this picture yesterday when market close,
I draw the butterfly sell inside AB=CD pattern but commonly you draw otherwise, ABCD inside butterfly.
Can I draw like this and could it work?
Or do you see GBP actually already showing revearsal movement considering at weekly...
Fatest response about EU, relay message to EZ, know EZ member payroll detail, I'm wondering....
Found similarities on these images:
Are you truly...? On undercover?
I'm sorry if my detective instinct successfully opened your real identity :cool:
I draw it like that too. And actually I kinda really like situation like this.
I won't take this patterns if not in overbought/sold area. Simple yet powerfull trading to me :)
Very interesting with ECB & BOE Interest Rate Decission tomorrow.
Cheers, Sive.
Yes, always interested with JPY pairs and crosses. Turn to SHORT I am.
Looking at the major, GBP that will make deeper retracement, so perhaps adding position to GBPJPY will make some bigger pips then :D
Sive Sir, what's your update about yen?
I'm in the middle of nowhere tho, but thinking more bearish at the moment looking an entry for next sell around 102.50-103.00 but holding my buy position right now.
Do you still thinking it can make to 104.65 and higher for butterfly sell completion around...
Allow me to add with my favorite tools for intraday trading.
Using trend indicator, it shows unfinished (exhausted) bulls yet. Rarely false but it could.
Reason this swing down as small retracement to me.
Maybe later up to chase those missed pips in weekly butterfly sell minimum target...
Opened & closed position at 1.3905 before, will revised SELL 1.3890.
I usually don't predict too far time ahead, but I think this is just small retracement to 1.3815 (WPP) area, then up again to make double top (or bit higher) on daily?
Let's see...
Thanks again for the insight commander.
Nice...
Minimax, to me is like what other's say too:
There's nothing wrong or strange with the market.
Trade what you see not what you believe, otherwise market will always wrong if against the plan.
I follow Sive's and other's insights that give 1 step for the next trade (wave if you prefer) with...
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