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Cable Update (GBPUSD)

  • #746,021
  • May 17, 2023 6:31am May 17, 2023 6:31am
Quoting Whale
{quote} millions thanks for the good words, we are a community, sharing is caring.
Hi Whale.

discussion on GU.
Am not an expert in Wave count.
Did post my version yesterday.

Two option of possible set up.
Option 'a" according to your set up and option "b" is how I see it.

Let me hear what others view this format.

Attached Image (click to enlarge)
Click to Enlarge Name: option a.jpg Size: 141 KB

Attached Image (click to enlarge)
Click to Enlarge Name: option b.jpg Size: 149 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,022
  • May 17, 2023 6:45am May 17, 2023 6:45am
Quoting montygoldy
Couple of dead beat long trades .. targetting 10 pips .. tp set 1.25 … hoping to see some retracement in asian session
Longs survived the onslaught.... maybe now it should go for the new high of the day... 1.25 is the tp for me....
Extreme gut feeling trader
  • #746,023
  • May 17, 2023 6:46am May 17, 2023 6:46am
Quoting Pat Chiko
{quote} Hi Whale. discussion on GU. Am not an expert in Wave count. Did post my version yesterday. Two option of possible set up. Option 'a" according to your set up and option "b" is how I see it. Let me hear what others view this format. {image} {image}
Can Wave B go beyond Finished of Wave 5 making M or W pattern, according EW guidelines?
More time in the market, does not mean you trade better!
  • #746,024
  • May 17, 2023 6:46am May 17, 2023 6:46am
Quoting Bogdanoff
{quote} closed all GU avoid lose {image} wait other set up cheers
Short limit activated 2470

Trade safe and gudluck
my loss is your gain
  • #746,025
  • May 17, 2023 6:55am May 17, 2023 6:55am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230517_135104_MetaTrader 4.jpg Size: 349 KB


Price printing a potential accunulation schematic.
If price reacts from the first zone I might change my bias to distribution.
Still potentially accumulation. Nothing confirmed yet.
We cut the winners short and let the losers run.
  • #746,026
  • May 17, 2023 6:57am May 17, 2023 6:57am
Quoting Pat Chiko
{quote} Hi Whale. discussion on GU. Am not an expert in Wave count. Did post my version yesterday. Two option of possible set up. Option 'a" according to your set up and option "b" is how I see it. Let me hear what others view this format. {image} {image}
Pat

Thanks for taking the time to do those two versions.

As for ME I believe that the top wave count is what I believe we are in. Time will tell
  • #746,027
  • May 17, 2023 6:58am May 17, 2023 6:58am
Quoting Pat Chiko
{quote} Hi Whale. discussion on GU. Am not an expert in Wave count. Did post my version yesterday. Two option of possible set up. Option 'a" according to your set up and option "b" is how I see it. Let me hear what others view this format. {image} {image}
Pat, for me the trend has shifted bearish since: 1) yesterday's close was below daily 21ema (dotted green line), 2) targetting the blue trendline of 1.2367 which is also close to the weekly support 1 of 1.2364.
I expect the MPP of 1.2470 as a good retracement for today.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
Lost....
  • #746,028
  • May 17, 2023 7:01am May 17, 2023 7:01am
Quoting ForexGoose
{quote} 1.245 is my target for today {image}
1.245 reached earlier, I'm now waiting for 1.238 to be tested
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-05-17_08-00-45.png Size: 37 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #746,029
  • May 17, 2023 7:02am May 17, 2023 7:02am
Quoting Fardeen1209
{quote} Can Wave B go beyond Finished of Wave 5 making M or W pattern, according EW guidelines?
Maybe C will not reach up there in one go. It may end at diagonal TL.
After that , it may start new wave count "1" upward.
We wait for any EW expert to show or share us their opinion.

As it is now both LQ on SSL and BSL has been taken out.
Move up is possible if enough push up.
Look at Whale chart posted earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 054.jpg Size: 175 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,030
  • May 17, 2023 7:02am May 17, 2023 7:02am
Premium Short
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My telegram: https://t.me/avidforex
  • #746,031
  • May 17, 2023 7:17am May 17, 2023 7:17am
Quoting Pat Chiko
{quote} Maybe C will not reach up there in one go. It may end at diagonal TL. After that , it may start new wave count "1" upward. We wait for any EW expert to show or share us their opinion. As it is now both LQ on SSL and BSL has been taken out. Move up is possible if enough push up. Look at Whale chart posted earlier. {image}
Agreed on that, because the only EW guidelines i used is the Impulsive Ones
Like Wave 2 Cannot go beyond start of Wave 1
Wave 3 the Longest
Wave 4 Finished not overlapping Wave 1 Finished.

Anything else, it is like telling how the market should behave.
More time in the market, does not mean you trade better!
  • #746,032
  • May 17, 2023 7:19am May 17, 2023 7:19am
Quoting Moty
{quote} 1st tp 1.24762 2nd tp 1.25000 {image}
All out!!!
Attached Image(s) (click to enlarge)
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yes yes yes
  • #746,033
  • May 17, 2023 7:29am May 17, 2023 7:29am
Pending sell order at 1.24700
Attached Image (click to enlarge)
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yes yes yes
  • #746,034
  • May 17, 2023 7:34am May 17, 2023 7:34am
Nothing to break above 12460 so far. Need a sustained attack above 12460.. this is just drab
Insane in the Brain..
  • #746,035
  • May 17, 2023 7:38am May 17, 2023 7:38am
Quoting Fardeen1209
{quote} Agreed on that, because the only EW guidelines i used is the Impulsive Ones Like Wave 2 Cannot go beyond start of Wave 1 Wave 3 the Longest Wave 4 Finished not overlapping Wave 1 Finished. Anything else, it is like telling how the market should behave.
Fardeen1209, wave 3 can't be the shortest, mining it's permissible that wave 1 or wave 5 can be longer than wave 3. That's the rule.
Attached Image (click to enlarge)
Click to Enlarge Name: EW rules.jpg Size: 118 KB

https://forex-indicators.net/cycle-i...tt-waves/rules
Always trade your own plan...I don't provide trading signals.
  • #746,036
  • May 17, 2023 7:39am May 17, 2023 7:39am
Quoting Bogdanoff
{quote} Short limit activated 2470 Trade safe and gudluck
closed all 20 pips
trade safe guys and gudluck
my loss is your gain
  • #746,037
  • May 17, 2023 7:44am May 17, 2023 7:44am
Quoting Coreg2004
{quote} Fardeen1209, wave 3 can't be the shortest, mining it's permissible that wave 1 or wave 5 can be longer than wave 3. That's the rule. {image} https://forex-indicators.net/cycle-i...tt-waves/rules
Wave 3 Rules noted sir
Cannot be the shortest but doesnot need to be the longest
More time in the market, does not mean you trade better!
  • #746,038
  • May 17, 2023 7:49am May 17, 2023 7:49am
Attached Image (click to enlarge)
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yes yes yes
  • #746,039
  • May 17, 2023 7:56am May 17, 2023 7:56am
Quoting Moty
{image}
come on man let me at least hit b/e
Insane in the Brain..
  • #746,040
  • May 17, 2023 8:05am May 17, 2023 8:05am
Possible completion of A wave...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 05.17 3M.png Size: 36 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EW step 7.jpg Size: 135 KB

https://forex-indicators.net/cycle-i...ott-waves/plan
Always trade your own plan...I don't provide trading signals.
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