Good points made Eurusd on D1 or 4H very close to a structure lower high Dxy bearish on D1 with no structure break so is it a correction about to flip same with Swissy bearish with no structure break on D1 so is that corrective and going to flip ...

Cable Update (GBPUSD)

We are plus 50 at them moment time for stops @be 2066 as it should not come up that high again for now before hitting the target. The target is not hard fixed, pa might indicate a close so will just monitor for now

Cable Update (GBPUSD)

Cable looking good , target around the previous 4H BOS @ 1960ish

Cable Update (GBPUSD)

Better to take a loss on this eurjpy , broken the last lower high on M15 so does not look like it is coming down for now -10

Cable Update (GBPUSD)

exact same trade on GBPJPY this morning went perfect , sods law, post it here and it goes wrong

Cable Update (GBPUSD)

Might be tight with the eurjpy as eurusd just coming up to a structure lower high on 4H

Cable Update (GBPUSD)

4H we have a break of structure, H1 already retested , take short entry from M15 @2066 target +100 pips Same with eurjpy 4H bos,H1 retest complete , entry short from M15 @144.67 target +100

Cable Update (GBPUSD)

Lost a 3 pips so not too bad , as i said this was risky because even though H4 is in a trend the current H4 down swing is not trending down, it just has a single swing.

Cable Update (GBPUSD)

Time to tighten up the stops a bit

Cable Update (GBPUSD)

Yes H4 is in major downtrend , ideally i should of waited for another H1 major correction before shorting , so currently the H1 move down would be a minor swing within the H4 down trend, it might fail. Having said that i looked at M15 which was in a ...

Cable Update (GBPUSD)

You can use any combinations of timeframes, it is all about trends and corrections , major trend and major corrections ie if H1 is in a major correction and H4 is in a major trend then direction is down or if H15 is in a major correction and H1 is ...

Cable Update (GBPUSD)

Can be depending on what your using to look at charts, I have taken a bit of a chance on cable because if you look at H1 it made a major correction but H4 is not in a major trend, i hoping this is Swing 3

Cable Update (GBPUSD)

Yes it seems that way, which is why most information on MTF is wrong, i have watched dozens of videos on Market structure and they all fail to explain this concept correctly because all they are doing by using 2 timeframes is looking at the same ...

Cable Update (GBPUSD)

This picture explains MTFs but it is not quite what it seems, each major wave is one cycle of any timeframe you are looking at , if you can find the major swings in 2 timeframes you can find out where you are. The thing to look for is the major ...

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

Had to hold overnight but short seems ok at the moment

Cable Update (GBPUSD)

When you say either direction, it depends on what price action precedes the current pa. Yes corrections can have 2 impulses or 1.

Cable Update (GBPUSD)

Time to take the short with H1 three swing up correction is done, if we get the impulse down should be very nice for swing 3 , possibly 2-300 pips

Cable Update (GBPUSD)

They are not exact figures but if you look at H1 we have three larger degree waves up (corrective) and only one down ( impulsive), the swing down is the first larger degree wave down, the first larger degree wave down has a 5 swing internal ...

Cable Update (GBPUSD)

2076 before correcting to 1980 then up to 2136 H1

Cable Update (GBPUSD)