Point on trading corrections Gold,USDJPY, USDCAD , could be running flats then we would be in trouble. Eurusd turned into an expanding flat all on H1 but it is hard to know which type will happen hence i do not touch them

Cable Update (GBPUSD)

Do me a favour and do not answer for me. Your theory has nothing to do with mine, your wrong about all timeframes have to be aligned, your making it too complicated when it is not, your MAs are not a true reflection of higher or lower timeframes.

Cable Update (GBPUSD)

All my charts have the current timeframe and higher timeframe swings on them ,this is what makes this method unique. eg. My daily chart contains the daily swings and the weekly swings when the daily swing moves above the weekly i assume that is a ...

Cable Update (GBPUSD)

Yes but remember the short traders might have closed their positions causing the price to go up but i see where your coming from you are using that theory to counter trade When i say short traders i am talking about banks , they are the only ones ...

Cable Update (GBPUSD)

The key is not just defining the turning point, it is the whole process of trading. A correction which exists in many forms consists of three legs , when the continuation happens point B will break In Gu H1 currently there was only one leg up so we ...

Cable Update (GBPUSD)

Majority is not the amount of traders it is volume which we do not know. The combined volume of retail traders can not much the volume of a central bank or regular bank

Cable Update (GBPUSD)

I will explain more at some point

Cable Update (GBPUSD)

GU H4 still aligned with D1 short , will see if i get an entry signal once this upside correction is finished on H1 possible targets for the short side 2476, might not happen all in one , there could be more H1 corrections , hopefully the next push ...

Cable Update (GBPUSD)

There is more to come possible 142.70 at least usdjpy eurjpy and gbpjpy shorts Having said that trading these corrections are not my speciality , waiting for timeframes to align as i know the trades will be High probability

Cable Update (GBPUSD)

Could possibly add USDJPY to the list , one leg down three up on H1 so possible reversal to the short side

Cable Update (GBPUSD)

USDCAD same as GU but to drop H1 has one leg down and three up being the B which has extended above the first leg down suggesting an irregular correction so a move to the downside for the C leg GU , GOLD AND USDCAD are not the type of trades i take ...

Cable Update (GBPUSD)

Gold looks like the same set up as GU

Cable Update (GBPUSD)

Which is?

Cable Update (GBPUSD)

Current move on H1 has one leg up three legs down , it may drop below the first leg up but still suggests a move up to complete H1 correction or possibly move into a 4H correction Time will tell , then will no what to do

Cable Update (GBPUSD)

GU H1 correction still in play , looks like we are going up for a while before possibly dropping in line with H4/D1

Cable Update (GBPUSD)

yes 9 a day and once my sinuses are squared in line with my head i will be fine, should all square up on the 1st july @ 13.06 precisely

Cable Update (GBPUSD)

EURUSD now in full alignment h4/D1 we wait for this beast to retrace H1 then smash it short down to 0793

Cable Update (GBPUSD)

I will be waiting there to short and take the meat from this down move

Cable Update (GBPUSD)

This is not a trade but possible retest of the old support @ 2676

Cable Update (GBPUSD)

GU might reverse soon to long H1 correction against H4/D1, hard to see this dropping another 300 pips without a pause but you never know, i will ask my square of 9 head

Cable Update (GBPUSD)