In that case i do not see the point of monitoring all the lower timeframes. Thanks for your explanation Looks like GU is falling away from that D1 push into W1

Cable Update (GBPUSD)

Looks like DXy might have finished the correction on H4 and harmony is being restored across the board , sometimes my patience feels like it is running about but i learnt from experience not to jump the gun. We a have short set ups for eurusd and ...

Cable Update (GBPUSD)

Here is a classic example , to the left is the 15 trend resuming down only to end up as another pb in the upside correction To the right is H1 trend continuation down which is the correct one, can show you many more examples if you wish as to why ...

Cable Update (GBPUSD)

In my experience using the 15m for entry can be a mistake, have seen it too many times when the 15 minute starts a new trend down during an upside correction only to end up as another pb during the correction therefore H1 trend down which is 15 ...

Cable Update (GBPUSD)

So you think this is the beginning of new D1 upswing, as said i have D1 poking its head into W1 but sometimes that happens and it falls sharply away , so at the moment i will keep my bias to the short side but will not enter any short until i see ...

Cable Update (GBPUSD)

That is some C swing on H1 cable is raging, looks like 5 up so it could be curtains for bulls now

Cable Update (GBPUSD)

Well we are still in that H4 correction so not taking any chances here until i see the trend down from H1 and D1 has poked its head above W1 but that might not hold

Cable Update (GBPUSD)

The brave would short now, not sure but 5 minute sure does looks like and expanding triangle before the drop, i will let the dust settle a bit

Cable Update (GBPUSD)

USDMXC entry activated image

New Cable Thread & Other Pairs

A note about wave degrees Wave degrees means that every timeframe chart has at least two degrees or size of swings because every timeframe contains the information from the higher. Then there is degree of swing - which means that due to the fractal ...

Cable Update (GBPUSD)

EURJPY image Smashed the area i marked on the previous chart for a great entry long image

New Cable Thread & Other Pairs

GBPUSD As per my previous post we are now fully in H4 correction swing C, overall it is the 2nd swing of D1 down move There may be some more upside to come as C does not look complete , prepare to short if we get the right entry signal. Looking at ...

Cable Update (GBPUSD)

In my experience all the same, however there is a difference between a corrective trend and an impulse trend.

Cable Update (GBPUSD)

One of the main reasons is because they see a trend as a reversal when it is in-fact a correction , a lot of market structure has been taught incorrectly because we have to take into account at least two degrees of swings on our charts in order to ...

Cable Update (GBPUSD)

USDMXN W1 above MN1 D1 below W1 indicating a correction is in play and we should attempt long coming out of the correction Moving down to H4 We see the correction abc and price attempting to trend back up with W1/MN1

New Cable Thread & Other Pairs

GBPUSD Tricky, tricky, tricky. Looks like we will be moving into swing 2 of the main wave from D1 origin , H4 correction i mentioned earlier which should be the best wave to trade. The two moves down on H1 are part of the same H4 swing , which is ...

Cable Update (GBPUSD)

I am liking this for a trade EURJPY D1 is above W1 H4 made a correction and now H1 looking to trend back with D1/W1 image

New Cable Thread & Other Pairs

Thanks for you reply, ok so that is for targets, i was asking how you enter a trade?

New Cable Thread & Other Pairs

Hi, always interested in how other traders trade, more so in the entry method, from your chart are you using trendline breaks?

New Cable Thread & Other Pairs

Did you keep your GU short open ? Patterns do work on the corrective swings , however you have to watch for the B swing as that is often mistaken for a continuation and traders get trapped See how easy it is to be fooled into H &S etc, i saw the ...

Cable Update (GBPUSD)