Hmmm nearly 10k for the day, ( trades posted earlier) think i will hold Question is will GU move into the range of the previous 4H top ? Weekly clearly showing an impulse wave and usually they do not go back into the range of the previous swing

Cable Update (GBPUSD)

Sounds good, from the weekly id say we are still in a very strong impulse move up , there is potentially one more nice move up to come.

Cable Update (GBPUSD)

Hopefully , i know navk was talking about a 500 pip drop but i think that is a bit ambitious at the moment. Good luck

Cable Update (GBPUSD)

Target 3064 for Gu short which is just above the top of the previous H4 high image

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That b wave seemed a bit short to me but hey that is trading, fortunately i got the short but it is dragging GY down and i have a usdjpy long , all in been to 8k profit and now down to 6k image

Cable Update (GBPUSD)

Structure has also broken to the downside having taken out that last higher low, that B wave could go quite high above 3264 but for sure it is a trap and move down will follow , how fast i do not , but im not planning on staying in the long side too ...

Cable Update (GBPUSD)

In fact based on the 3 wave down scenario on H4 and D1 making a correction do the downside we might see our old friend the exp flat which means a spike on the news above D1 high before the drop for C of the daily correction which makes sense for GY ...

Cable Update (GBPUSD)

Change of plan GY , leave long GU , leave long but only for a retest maybe to 3234 or get stopped out That D1 downside move when viewed on H4 has 3 swings down with no abc B wave so the 3 waves down must be part of a bigger correction to the ...

Cable Update (GBPUSD)

Are GBPUSD and GBPJPY about to go up ? GBPUSD D1 is still up with a couple of lower high lower low bars indicating a correction to view on H4 , H1 has tentatively started to trend up GBPJPY D1 is up but looks like a corrective swing and the recent ...

Cable Update (GBPUSD)

Traded your upside retest today on btc after that last expansion leg down on H1 , closed for over 6k , cheers, bloody margins are ridiculous, only had five full lots with margins 89k or so anyway just wanted to say thanks

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that is exactly what I thought, I never thought of trading the retest

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hardly a cannon ball, no new low as of yet, it is still the h4 correction, it could break to the upside anytime. my analysis was for h4 because that is where the main trend and correction are, not sure which tfs you are reffering to?

Cable Update (GBPUSD)

stop out of this one 1500 loss , can handle that

Cable Update (GBPUSD)

Are you sure that is a reversal pattern it looks more like a upside correction for downside continuation to 4500 where the last correction pattern in the uptrend is located on H4 Probably will go to 63k to retest what it just broke down

Cable Update (GBPUSD)

So far so good this morning , closed all my trades yesterday and banked 17k Today there was another opportunity following the H1 primary trend on USDJPY Waited for the break down and then the retest of the correction that separated the main ...

Cable Update (GBPUSD)

Look at my two oscillators they are pretty good at picking the waves out , looks like we are still in the third , when the oscillators dip below zero 4th and then maybe 5th Most of the retracements have been abc indicative of minor retracements the ...

Cable Update (GBPUSD)

Your words" below 3250 is worth trying to short and now the possibility of a correction ", so that would be picking a top if you expect it to correct around that level. Sorry if you disagree

Cable Update (GBPUSD)

oh apologies , but seriously your a better trader than trying to pick tops.

Cable Update (GBPUSD)

Look at my USDCHF, USDJPY , GBPUSD AND EURGBP recent trades and why they worked, because i stopped chasing the immediate trend which tells you nothing apart from price is going up or down , it does not tell you if your trading a corrective swing or ...

Cable Update (GBPUSD)

The minor trends change the direction of intermediate swings and the intermediate swings change the direction of the primary trend, that is the basic principle to figure out to be a better trader, and any one of these trend can be a correction , ...

Cable Update (GBPUSD)