Gbp/Usd-(Chart Discussions)

SHORT TERM -
CHART DISCUSSIONS and Trade SET-UPS FOR ALL !

Swing trading is actually one of the best trading styles for the beginning
trader to get his or her feet wet, and still offers significant profit potential
for the intermediate and advanced traders.

THIS THREAD IS BEING SET UP AS REFERENCE TO WHAT IS GOING ON
IN THE Gbp/Usd and the Us Dollar UTILIZING ELLIOTT WAVES AS A
PRIMARY TRADING METHOD TO DETERMINE PROBABLE MARKET TURNS .

If you see things diffrently ,

Just post your chart and state your case
Time will then tell all !

ALL ARE WELCOME !.........

JUST TRY TO POST A CHART WITH YOUR CALL !

Gbp/Usd............. ( Very -Longer Term )

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U.S. Dollar
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- Is this is posturing for higher highs ?

Gbp/Usd

Cable appears to have run itself into a Wall of Resistance ......

Tommorow is NFP day ....( 1st Friday of the Month )

........ This is going to be interesting to see what happens next .....

Gbp/Usd

Longer-term Views - ( Multi-Year Highs )

Isolating the Us Dollar ....... over the last few trading days
there appears to be a Double Bottom Formation in place

- Will price start to firm up ?
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( See chart below )

so, how actually to read these charts?

I'm interested to see USD/JPY charts as well.. Coz YEN moves the market now.

Brining the Pound closer into focus ......
Here is a probable wave-count
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on 6/-11 07 - we made 5 clear waves down
creating a correction phase that lead to the strong rally
that you have seen latey..........

The foundation for a rally was there .........

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...... I'm sending you a PM explaining ....

This Thread is for Gbp/Usd ---I have some Yen Charts , yes ..... but will not post them here

I would like to stay on the Topic of Gbp/Usd and Us Dollar in here ........

Here is a probable wave-count from the end of a wave 5 correction Phase
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ok marketwavez.

Care to show the short term EW?

Will be updating this chart shortly ,..................

Stay tuned -

Hi

Since I very much believe we're doing an ABC off the highs on EURUSD as well as GBPUSD I'm just curious as to what wave / pattern we're in total/big picture.

Did we just really end a real big wave 5 and are due to move below 2.0 again or what's the pattern?

How far does a ABC correction usually retrace of the the full upmove or where are likely correction ends located? There were fib relations to some waves or the full 5 wave count, but I have really close to zero idea about the details of EW.

I mainly look for and trade ABCs when I use EW at all
The end of the B inside of the A and the big B end are usually really great places to get in.

I think we may be currently in a C down of a larger first A down of an ABC correction off the GBPUSD high?


Really appreciate your helpfulness towards others =)


I completely agree on your simplified counting btw. All the complexity needs to be eliminated. Waves can only be traded and seen as simple.
Makes your charts very sympathetic

Here's my 4h count for the last move and possible ABC estimates. Would really like to hear your comments on this and where an ABC is normally supposed to / likely to end.


Attaching last leg chart, big picture is at http://i17.tinypic.com/4z33m2x.gif

Thanks MarketwaveZ,

I am a complete noob with Elliot wave, thus my questions won't be very intelligent. We started a month ago with a group together. I will get the group to subscribe to this thread.

Thank again

Update...hit potential C target, perhaps big A end?
Now due for some sort of correction, perhaps big B up?

Updated chart, didn't move the fibs or letters before or after the fact

Here is the Usd Dollar....... Usd/Chf
after falling off a cliff on Friday -

Maybe we can get a small turnaround into this Wave " 3" .....
looking for a break of 1928 for Long Entry

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Good Morning -
Wow , Success !..................

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Both Targets have now been reaced today

Here is the Gbp/Usd
Very Short Term - Intraday

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Will we get a small decline here ? .............

This is just a Probabilty ......Not Cast in Stone !


If you think diffrent .....

- Post your chart and state your case ......

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..... TIME Will Tell All ...........

Oh boy , Oh boy .............Gbp/Usd

This one happened real fast !-----

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Targets - Now Reached

hmmmm......