image Expanding flat correction in this example price goes up after the correction The break up induces weak buyers into a trend, the impulse down induces trend traders for the MMs to gain liquidity for the long side

Cable Update (GBPUSD)

Check the 5 minute charts , another expanding flat correction nearly finished before powering on up again, i would not call a 10 pip move a serious reaction, the price can keep making impulse/correction on the lower timeframes for as long as it ...

Cable Update (GBPUSD)

Above 2940 before any reaction , has to break a resistance to see any reaction as the trend is up and already reversed.

Cable Update (GBPUSD)

Some traders anticipate a reaction at 2899 , i do see the irregular flat to the left on 4h , however we broke the first correction lower down with a new trend to the upside so maybe only a break of the top of the 2899 area will see a reaction back ...

Cable Update (GBPUSD)

Look at the way the first impulse in the series travelled up - impulses separated by expanding flats and irregular flats all of different degree or size, very clever from the MMs. I have not drawn the exp and irregular flat in on the first impulse ...

Cable Update (GBPUSD)

You could make a profit on the downside corrections, i was watching the lower timeframe 5 min , the price kept making these small impulses followed by expanding flat corrections so clearly an attempt to trap short sellers. Some traders seem to think ...

Cable Update (GBPUSD)

Longer term we could be seeing GU much higher D1 swing down is corrective as is part of the weekly upswing On H4 we can see that the D1 down swing was actually a triple correction to the down side which i am now using for previous s/r with the break ...

Cable Update (GBPUSD)

GU LONG image

Cable Update (GBPUSD)

I have watched this market behaviour at continuations mainly , currently a lot of pairs on 15 are showing the pattern A sub 3 to the downside B subs 3 goes up higher than A and C ( C usually very tiny subs and sharp movement to the down side ) drops ...

Cable Update (GBPUSD)

Never tried BBMA, strictly speaking i do no use wave counting, just looking for corrective waves before entering a trade, trouble is markets are using this weird mechanism called an expanding flat , makes thinks very tricky , i have watched the 1 ...

Cable Update (GBPUSD)

Cancelling this Gu short trade too because the 15 min is showing A with an upside B and the impulse C down too so the previous up swing could continue. image

Cable Update (GBPUSD)

Made the same mistake on EU again , i just wrote look for the impulse at the end of a correction and beware of upside or downside B waves during the abc correction and guess what Eu has an impulse at the end of abc with the B to the upside - M15 ...

Cable Update (GBPUSD)

I believe that was the impulse at the end of the ABC , hard to get in as you said.

Cable Update (GBPUSD)

Theoretically the last swing of a correction is a motive/impulse wave and the first swing of a continuation is also a motive wave , so look for a motive/impulse to confirm the end of a correction

Cable Update (GBPUSD)

Shorting this GU again and EU Yesterday i fell for the single swing upside as a correction , today it looks more like a up b to the downside with the impulse from C complete and now the break down. image The euro made a false break up side then a ...

Cable Update (GBPUSD)

This whole swing has been a nightmare to trade D1 with H4 retracements and entries on H1, terrible pa , most attempts i had on GU short failed, i can not see any one trading counter trend having much success as the swings both ways were very short ...

Cable Update (GBPUSD)

Looks like EU might be coming down. D1 is up but H4 is down so that should be corrective , looking at H1 internal structure of H4 there is only a single wave down , so the current move up on H1 is also corrective as can see an a b(abc) and a C 12345 ...

Cable Update (GBPUSD)

Going well - hope i do not jinx it image image

Cable Update (GBPUSD)

That swing turned into a bearish flag but short still on . Infact the are a lot of pairs showing bearing signals from D1 swing H4 correction and internal structure H1 image

Cable Update (GBPUSD)

No because we do not have riots in the suburbs , these riots are isolated mainly to town centres.

Cable Update (GBPUSD)