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Cable Update (GBPUSD)

  • #562,521
  • Dec 1, 2020 8:54am Dec 1, 2020 8:54am
Quoting TerpFan2
No Bulls or Bears Comedy, for you at the Moment... I rather throw up a little Elliot for some Discussion, or "Disdain". -Either, I'm fine with. My Belief, or at least what I've "gleaned" on the "D" Daily, and 4hr Charts, is that we've just finished two, Larger 5-Wave Set's... Time for a Serious "Pull Back" or Trend Change. That is, -if i am right that the 5th Wave has Occurred, -you be the judge / jury. We will see ** I have often called these END of Wave-set's wrong / not Completed. ** So, 'not saying "Jeff-Said" X-or-Y, Z... Just up for some discussion....

Look at the daily previous up wave and how it subdivided on the 4H , now if this is the 5th it would do the same so currently we would only be in the first wave, just to say i do not use elliott wave in my trading but the fractal subdivisions are a constant within all timeframes
Follow The Markets Structure - Patience and Discipline
  • #562,522
  • Dec 1, 2020 8:59am Dec 1, 2020 8:59am
...the way I am seeing this is that we had a false upside break of the recent 4hr range but no downside break of it [yet?] Dly/Wkly general fractal uptrends remain intact. 20/50/100 ema's 30min - dly remain crossed up.
Trader with an Edge.
  • #562,523
  • Dec 1, 2020 9:01am Dec 1, 2020 9:01am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 23 KB
yes yes yes
  • #562,524
  • Dec 1, 2020 9:02am Dec 1, 2020 9:02am
Quoting Mcbeaners
reversed long gu edit - this could move fast.
closed for a small loss - not getting great signals.
In tea leaves we trust!
  • #562,525
  • Dec 1, 2020 9:03am Dec 1, 2020 9:03am
  • #562,526
  • Dec 1, 2020 9:04am Dec 1, 2020 9:04am
Quoting Mcbeaners
{quote} closed for a small loss - not getting great signals.
GBPUSD has now entered the Bullish mode.
FXOpen - International True ECN Broker
  • #562,527
  • Dec 1, 2020 9:06am Dec 1, 2020 9:06am
Boris Johnson will promise cash grants to traditional English pubs forced to shut under new pandemic rules https://trib.al/Z7kV1zD
  • #562,528
  • Dec 1, 2020 9:08am Dec 1, 2020 9:08am
Quoting jaff1988
In tea leaves we trust!
  • #562,529
  • Dec 1, 2020 9:13am Dec 1, 2020 9:13am
Quoting gettoefl
buy 3328 stop 50 {image}
move be
twitter: @gettoefl
  • #562,530
  • Dec 1, 2020 9:13am Dec 1, 2020 9:13am
Quoting TerpFan2
No Bulls or Bears Comedy, for you at the Moment... I rather throw up a little Elliot for some Discussion, or "Disdain". -Either, I'm fine with. My Belief, or at least what I've "gleaned" on the "D" Daily, and 4hr Charts, is that we've just finished two, Larger 5-Wave Set's... Time for a Serious "Pull Back" or Trend Change. That is, -if i am right that the 5th Wave has Occurred, -you be the judge / jury. We will see ** I have often called these END of Wave-set's wrong / not Completed. ** So, 'not saying "Jeff-Said" X-or-Y, Z... Just up for some discussion....



  • #562,531
  • Dec 1, 2020 9:21am Dec 1, 2020 9:21am
EU broke 1.2, Dow close to all-time highs. The risk on will help the bulls here, let's see if it is sustainable.
  • #562,532
  • Dec 1, 2020 9:23am Dec 1, 2020 9:23am
poopy signal here ...try silver for the win. massive buying imo.
In tea leaves we trust!
  • #562,533
  • Dec 1, 2020 9:25am Dec 1, 2020 9:25am
Quoting Mcbeaners
{quote}
  • #562,534
  • Dec 1, 2020 9:27am Dec 1, 2020 9:27am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 29 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 47 KB
yes yes yes
  • #562,535
  • Dec 1, 2020 9:28am Dec 1, 2020 9:28am
Quoting VM.
EU broke 1.2, Dow close to all-time highs. The risk on will help the bulls here, let's see if it is sustainable.

That was expected as i recall giving the technical perspective for that break
Follow The Markets Structure - Patience and Discipline
  • #562,536
  • Dec 1, 2020 9:33am Dec 1, 2020 9:33am
Quoting genadi
{quote}
don't be sad - be happy.
In tea leaves we trust!
  • #562,537
  • Dec 1, 2020 9:34am Dec 1, 2020 9:34am
eu flying, gu floundering = poopy.
In tea leaves we trust!
  • #562,538
  • Edited 9:54am Dec 1, 2020 9:35am | Edited 9:54am
Quoting pipfarm
{quote} Look at the daily previous up wave and how it subdivided on the 4H , now if this is the 5th it would do the same so currently we would only be in the first wave, just to say i do not use elliott wave in my trading but the fractal subdivisions are a constant within all timeframes
Roger that Pipfarm...
Again, yeap, Definitely open for discussion or what the Market is telling me.
I see the 15 Min / 1hr w/Bulls "Pushing it" higher, but Running out of some steam.

-NOT to say there surely can be more in the 'tank' & make this an entire new
Wave-Set, -Brushing off my Crude numbering.

For now what i see on the 15 min, possibly, & 1hr:
Attached Image (click to enlarge)
Click to Enlarge Name: 12_01_2020 GBP_USD Apparent Wave_B NEARING Completion.png Size: 79 KB

*Note: Some Labeling ADDED because i missed "BIGGER" Labeling,
of Wavesets

Thanks for your reply Pipfarm,

My Best
I will work to Objectively Identify my Edges
  • #562,539
  • Dec 1, 2020 9:36am Dec 1, 2020 9:36am
Big dollar break down
Make money by doing the opposite of Giveachance aka loser
  • #562,540
  • Dec 1, 2020 9:36am Dec 1, 2020 9:36am
tape says sellers in control at this point.
In tea leaves we trust!
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