GBP/USD — Just noted another error in my original post. In my original post I price should drop to 1.6300... That should have been 1.6400 as the top of my wave i is at 1.6397. Sorry about that..... I am now long the GBP/USD at ...

Elliott Wave Trading

GBP/USD — ...I only put on the most current count data, not much for past counts. If you want to see my FULL count (for the 4H chart) I'll post it too, it will just take some time for me to get all of it on there.

Elliott Wave Trading

GBP/USD — Ok. Here is my 4H chart EW count for you to see. The OrangeRed numbers (i, ii, iii, iv, v) are my likely count for the 4 hour chart. I think the rest explains itself. Let me know if you have any questions. Hope this helps.

Elliott Wave Trading

GBP/USD — The grand synopsis of my lengthy (and edited post) is that I'm looking for short the GBP/USD because (by my understanding) there has to be a good pullback coming before any further upside potential can come about. Currently, (again, ...

Elliott Wave Trading

GBP/USD — Good Morning all, What are you expecting to see the GBP/USD do this session? From my 4H count, I've got 3 waves up (wave 4 on 1H chart completed @ 16446, but not on the 4H chart), so that would leave one more move above the last high ...

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I expect that it will be dropping down below 1.6400 fairly soon. I'm still looking for one more new high for this move, but I might not see it....

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GBP/USD — ....Almost finished topping out.

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GBP/USD — Hi 4cfx, I think that 5 waves up that I was able to count on the 5 min. chart may have been an "a" wave, because it can't be a 1 the way price has moved...but things could still make sense if it IS and a, b, c zig-zag, and that would ...

Elliott Wave Trading

GBP/USD — You just gotta love dynamic price action. It looks like price has met resistence in the 1.6400 range of the channel its been in this last 24 hours, and I don't know if it will push through or not...but the momentum doesn't appear to ...

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The move up from 1.6303 to 1.6376 "looks" like a wave 1 (5 min chart count goes 1, 2, i, ii, iii, iv, v/3, 4, 5) with the retracement back to 1.6328 looking like a wave 2 from where I'm sitting right now.... I'll be long if price action moves into a ...

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GBP/USD — Price action looks to be winding up to go bullish to test the 1.6500 level. London open should be interesting....

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The Glenn Neely method.... — Is anyone here familiar with "The Neely Method" for counting EWs? If so, what is your view point of his methods? Thanks,

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GBP/USD — Well, I'm starting to look to short the GBP. We'll see if that happens, or if Frankfurt/London change my mind. That said, the 1H chart is pretty unclear as to market direction right now, so I'll be watching that one closely, and keep ...

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Thanks 4cfx. I'll check it out.

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GBP/USD — Hi 4cfx, Delta analysis??? I'm aware of what it is in general, but beyond that I don't know how good it actually is, since I have no personal experience with it. I know that there is software out there that calculates the ...

Elliott Wave Trading

GBP/USD — With the London close getting closer, I think what we may see is price action neutralizing/stabilizing close to where it currently is (1.6362). If that is correct, I think we'll likely see a new bearish move during the next European ...

Elliott Wave Trading

GBP/USD — Hi Phi and 4cfx, I think you guys might have something there. On the 1H chart, over the last 24 hours or so, you can count out a clear 5 wave movement...the top of which may well be 5 of c of B. If that is correct, we are likely to ...

Elliott Wave Trading

Cheers

Elliott Wave Trading

GBP/USD — Hi Phi, Thanks for pointing that out. I shorted the GBP at 1.6458....but in all honesty, I never saw that until you mentioned it.

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GBP/USD — Hi 4cfx, The GBP/USD is not an easy one to count right now. For example you could count the move up from the 1.5800 area as Blue Bottle has (1,2,3,4,5), or it could also be correctly counted as a, b, 1, 2, 3, 4, 5/c (if c is c of II ...

Elliott Wave Trading