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Cable Update (GBPUSD)

  • #505,441
  • Dec 5, 2019 11:04pm Dec 5, 2019 11:04pm
Quoting msniper
{quote} why would u lose your account if i told u the selling area is 300pips wide range that's mean u should only go small lots every time it goes up and u will never end up blowing any accounts. before u build u can count ur loss of course there is no guarantee things with analysis but this is the tools we have in this life and we try to predict everyone can use this analysis differently some will not sell inside the circle until he sees a reversal weekly candle inside the circle and he will be more confident with the count
Good luck, I hope it works out for you
  • #505,442
  • Dec 5, 2019 11:13pm Dec 5, 2019 11:13pm
Quoting msniper
everyone is trying to guess the top which is a very hard job but with help of Elliott waves i can guess the safe zone to go short the grey circle is where u should build ur short positions and the drop target would be between 1.25 to 1.28 area before resuming the up trend again {image}
msniper, excellent work as always...and one more thing, I don't predict I forecast...
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Always trade your own plan...I don't provide trading signals.
  • #505,443
  • Dec 5, 2019 11:51pm Dec 5, 2019 11:51pm
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yes yes yes
  • #505,444
  • Dec 6, 2019 12:44am Dec 6, 2019 12:44am
USDX moving down to 97.00 area..
Still a lot of room UP for Gbpusd
My short term target is 1.3220..
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  • #505,445
  • Edited 1:14am Dec 6, 2019 12:56am | Edited 1:14am
Quoting msniper
everyone is trying to guess the top which is a very hard job but with help of Elliott waves i can guess the safe zone to go short the grey circle is where u should build ur short positions and the drop target would be between 1.25 to 1.28 area before resuming the up trend again {image}
Ok as per normal pa, usdx readying for a bounce but may not have support yet! Resistance at top gbpusd, so breaks the target 3176 and some more , say 3200 round # to correct try if. Lets see

Though i did not thought about 3380 + movement before, but it can break it to 3400 test and even further up for 3775 easy before great wave 3 down after uk election over? Something different may happen then ! May be! So here real watching 3379!
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #505,446
  • Edited 1:13am Dec 6, 2019 12:58am | Edited 1:13am
Quoting msniper
everyone is trying to guess the top which is a very hard job but with help of Elliott waves i can guess the safe zone to go short the grey circle is where u should build ur short positions and the drop target would be between 1.25 to 1.28 area before resuming the up trend again {image}
msniper, thanks for your post. There's a saying that goes like this, if you put 10 elliotticians in a room, each of them will very likely come up with a different wave count. I think that's probably the biggest criticism of the strategy by those who attempted Elliott Wave over the years. My own experience, when market conditions are straight forward, Elliott Wave works well, providing you stick to the rules. However, what we have at the moment is market uncertainty, whip saws up/down caused by both political and economic uncertainty.

In cases like these I opt to be more cautious, as the EW logic more often than not fly out the window. So bit of common sense is needed at a time like this, or if you so wish, there are other pairs to trade during such times.

A prerequisite of the EW strategy is patience, and not many has that, especially if you feel the need to trade every single day. Each to his own, but for anyone looking to embark on the EW journey, you will need allot of patience to time your sniper entries.

Guz
Charts don't drive price, market conditions drive price...
  • #505,447
  • Dec 6, 2019 1:41am Dec 6, 2019 1:41am
i take long on GU @1.3148 tp/sl 50/50

trade safe
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #505,448
  • Dec 6, 2019 1:51am Dec 6, 2019 1:51am
Quoting aswar
USDX moving down to 97.00 area.. Still a lot of room UP for Gbpusd My short term target is 1.3220.. {image}
Don t skip EG
  • #505,449
  • Dec 6, 2019 1:57am Dec 6, 2019 1:57am
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yes yes yes
  • #505,450
  • Edited 3:02am Dec 6, 2019 2:13am | Edited 3:02am
Offside BB daily Hope we see 3120 first an then up up up..
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  • #505,451
  • Dec 6, 2019 2:17am Dec 6, 2019 2:17am
good morning

SELL 3144
M5 & M30 frames

edit:
32 25 pip trgt @ 3119
in wondering about yourself, you forgot what you came here to be part of
  • #505,452
  • Dec 6, 2019 2:23am Dec 6, 2019 2:23am
maybe 3128 is some support...if not 3085 looks like a spot also...who knows really...
Look Sharp/Trade Tight
  • #505,453
  • Dec 6, 2019 2:29am Dec 6, 2019 2:29am
Quoting Almo2312
i take long on GU @1.3148 tp/sl 50/50 trade safe
closed -10

will wait
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #505,454
  • Dec 6, 2019 2:30am Dec 6, 2019 2:30am
Sell gbpusd, sorry its coming late.
Sold it 10 minutes ago.
Patience.....
  • #505,455
  • Dec 6, 2019 2:31am Dec 6, 2019 2:31am
H1 down from this night,but H4 stays green both indicators channel h1 1.30920
  • #505,456
  • Dec 6, 2019 2:32am Dec 6, 2019 2:32am
I hope my sl on 30 never be touch.... ^_^
  • #505,457
  • Dec 6, 2019 2:36am Dec 6, 2019 2:36am
Quoting Almo2312
{quote} closed -10 will wait
[email protected] tp/30/30
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #505,458
  • Dec 6, 2019 2:39am Dec 6, 2019 2:39am
I'm not newbie dude.... If I use "hope", I wont use stop lost.... ^_^
  • #505,459
  • Dec 6, 2019 2:45am Dec 6, 2019 2:45am
Put another long on 3129 after my sl touch.... ^_^
Sl 3100 tp open....
  • #505,460
  • Dec 6, 2019 2:45am Dec 6, 2019 2:45am
Quoting PayTheLimit
not predicting anything, just curious to see the reaction to this area.... {image}
That is the mid - point of the swing high to low 2018 - 2019. It could be an important level.

I will try be patient and wait for 1.3295 before selling. The current level is the penultimate resistance and as such is not an A+ set up for me.
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