Well done on your profit, that was one hell of drawdown 12 dollars drawdown to get 13 that is if you actually got out at max top , most probably your profit was less than the drawdown , less than 1-1 risk reward you need a very high win rate to ...

Cable Update (GBPUSD)

A 3 swings B 3 swings , odds on for 5 down image

Cable Update (GBPUSD)

Gold is a sell IMHO H4 made a correction to the D1 downswing we can see the correction more clearly on H1 with a clear abc up then a break down a correction up and now coming down

Cable Update (GBPUSD)

H4 on GU has 5 intermediate swings up and looking at the structure it looks like Gu is gearing up for the 3rd minor swing of an intermediate correction down Same for EU ( 5 UP) and same for USDCHF (5 down) image

Cable Update (GBPUSD)

How do you define the reward in advance of a price move? Imho we can only define the market in advance of a move but trying to define where it will move to is near impossible, look at PatChiko although he always gives a price target they are rarely ...

Cable Update (GBPUSD)

EU looking good GU is starting to move down UJ and USDCHF , again more or less the same set up as the other two with a break above there H1 highs needed to send the H4 correction back up into a trend

Cable Update (GBPUSD)

image image

Cable Update (GBPUSD)

If we are correct on the analysis GU an EU are moving into swing 3 of D1 and we might see some heavy down side moves but bear in mind if D1 swing down is corrective as it is moving against W1 , the swing 3s might be short.

Cable Update (GBPUSD)

I am looking at H4 because when H4 moves into D1 it can signify a larger correction within D1 and using H1 swings to confirm with a down trend continuation

Cable Update (GBPUSD)

EURUSD coming down with a lot of momentum behind it

Cable Update (GBPUSD)

EURUSD stands exactly as i have written above for GU except a break of 1.10599 would confirm the D1 downswing continuation. The correction on EU looks like an irregular flat 3-3-5 with 5 waves complete in the third so could be coming down any time.

Cable Update (GBPUSD)

GBPUSD 4H is above D1 but D1 is below W1 This could be the beginning of the continuation of D1 long back with the weekly but H4 would need to trend up , currently only one H4 swing up. Alternatively H4 moved above D1 and if this is corrective the ...

Cable Update (GBPUSD)

Ok misunderstanding on my part. Thanks for clarifying

EURGBP only

D1 is down H4 the first swing down then H1 makes a correction abc , seems rather short image image

Cable Update (GBPUSD)

Is your account in profit or loss overall? that is all that matters

Cable Update (GBPUSD)

H4 above D1 but D1 below W1 is H4 correction in D1 downswing over so quick?

Cable Update (GBPUSD)

Who is the fool now lol. image

EURGBP only

Price over time , H4 has move through time above D1 There is a gap @3021 that it might be heading for and H1 is trending up

Cable Update (GBPUSD)

No more shorts H4 is above D1 D1 still below W1 Could be the beginning of reversing the daily downswing or just a correction within the D1 downswing.

Cable Update (GBPUSD)

Your a bit late, already happened Friday and by the way, price does not chase moving averages.

USD/CAD