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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting Kajos2250
{quote} I can assure you, you have failed your analisys (there are roules in EW anlisys but it is not in yours). Your 4th wave was the correction of an impulse and now we are in a begining of new impulse...
I think we are past waves at this moment. It's more like how high we need to go to get these suckers money. The other GBP pairs besides crazy GBP/JPY are rather calm.
Quoting Kajos2250
{quote} I can assure you, you have failed your analisys (there are roules in EW anlisys but it is not in yours). Your 4th wave was the correction of an impulse and now we are in a begining of new impulse...
I'm no Eliot Wave expert but you seem to be predicting the next wave is an impulse wave ...... while the first wave is still forming?
Sounds like crystal ball logic to me here...........
we all understand that the market situation requires constant attention. It varies. can not assert something strongly, trading on the M5. We forget about volatility.
I think we have nice bullish momentum (yesterday bar).
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Quoting Privet
{quote} agree there is a strong likelihood that we are now going to 1.65
Yip,Sir

That's the number for now - keeping a close eye on short stops to see when capitulation takes place. Watching levels every 15 minutes.. For now - buying dips looks like the better option.

Regards and all success to you
Quoting TauTrader
{quote} Yip,Sir That's the number for now - keeping a close eye on short stops to see when capitulation takes place. Watching levels every 15 minutes.. For now - buying dips looks like the better option. Regards and all success to you

Mr T what do u think is the probability that we may see 1.57 again? long term
Quoting Eulogy
{quote} I'm no Eliot Wave expert but you seem to be predicting the next wave is an impulse wave ...... while the first wave is still forming? Sounds like crystal ball logic to me here...........
The logic is the sub divide of impulses you know 1-2-3-4-5 = (1) impulse wave....
Anything is math!
Hello thread readers,

There have been so many strong high probability opportunities to get with this uptrend I have lost count, but still we see the amateurs calling the tops, and selling, when it would have been far easy to get with it....the market tends to be much kinder re stops etc when you are with trend than against it...just think of all the pips they could have banked if they had spent just 1/2 the time trying to get with the main money flow as against it...but no, they persist with calling tops and warning the bulls that the end is nigh lol ! Amateurs all of them with deeply flawed analysis both technically and fundamentally. I have no idea where the top is and mainly (4 out of 5 trades) since really the mid 5500's have been long for me as it became increasingly clear that the technical and fundamentals had changed....will the uptrend continue ? - I have no idea but until it becomes clear that it is/might be over for now I know what signals I will be favouring.

Best Wishes.
it's all gone a bit........
Quoting nAVIN2007
{quote} Mr T what do u think is the probability that we may see 1.57 again? long term
Sir Nav,

I have a number of 1.5562 as a possibility going forward. I have it marked. But we will have to chip away. I cannot say where we will be turning, but I'm in a sell zone. Has been in one since 1.6085. Just have to find the spot..

But we ( retailers) continue to give price purpose to head north. But I believe we are close.

I'm definitely preparing to short. But I'm gonna have to give it room. I have shorted often over the past 400 pips, only to turn around and recover. Had to. But 1.5562 is there. Even if not in my lifetime.

Said a lot but said nothing

Regards, sir
Quoting Kajos2250
{quote} The logic is the sub divide of impulses you know 1-2-3-4-5 = (1) impulse wave....
and quite frankly, you've completely lost me again. I know the EW definition of an impulse wave. Your clarification there was about as useful as a non sequitur to this discussion. Perhaps you'd like to draw out your wave counts on a chart. As far as i can see davidsayli's 5 wave impulse shows 1 interpretation that doesn't violate any EW rules i'm aware of.
With respect to you sir, if you have had a sell zone since 6085 and the price high is above 6455 then your sell zone analysis is clearly wrong unless operating on a weekly/monthly trigger ??...where does your sell zone analysis end or does it - because a 400 pip sell zone for the type of trading / time frames that I have seen you discuss / operate here over the years is just wrong isn't it ??...clearly there have been minor pullbacks in that zone but PA as you rightly said has recovered strongly. Please don't be offended - I mean this as a legitimate question because this thread is obsessed with selling against an uptrend lol !...and you are showing such good results in your trade explorer buying in your own sell zone ? All very confusing.

Best Wishes

Quoting TauTrader
{quote} Sir Nav, I have a number of 1.5562 as a possibility going forward. I have it marked. But we will have to chip away. I cannot say where we will be turning, but I'm in a sell zone. Has been in one since 1.6085. Just have to find the spot.. But we ( retailers) continue to give price purpose to head north. But I believe we are close. I'm definitely preparing to short. But I'm gonna have to give it room. I have shorted often over the past 400 pips, only to turn around and recover. Had to. But 1.5562 is there. Even if not in my lifetime. Said...
it's all gone a bit........
Looking at where the possible levels are, only 6.8% of the 22'000 positions are long. Looking lower - the only area to actually take out long stops of reasonable value will be 1.6390 at this point. ( this could, and do change).The problem is, we are sitting with almost 30% of all the current positions with stops @ 1.6500 - these are all short.

Now - if I want to screw people over - 1.6500 will probably be my goal?

Just thinking out loud..

Regards
1.6430 support level
www dot corporateforex dot wordpress dot com
Quoting Eulogy
{quote} and quite frankly, you've completely lost me again. I know the EW definition of an impulse wave. Your clarification there was about as useful as a non sequitur to this discussion. Perhaps you'd like to draw out your wave counts on a chart. As far as i can see davidsayli's 5 wave impulse shows 1 interpretation that doesn't violate any EW rules i'm aware of.
Yes, please!

GU long term CEW possibility...
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Anything is math!
Quoting TauTrader
{quote} Sir Nav, I have a number of 1.5562 as a possibility going forward. I have it marked. But we will have to chip away. I cannot say where we will be turning, but I'm in a sell zone. Has been in one since 1.6085. Just have to find the spot.. But we ( retailers) continue to give price purpose to head north. But I believe we are close. I'm definitely preparing to short. But I'm gonna have to give it room. I have shorted often over the past 400 pips, only to turn around and recover. Had to. But 1.5562 is there. Even if not in my lifetime. Said...
thanks bro..
WS30 CHART

TREND-LINE ANALYSIS

It touched the upper trend-line and started to drop.

We may see a sudden drop to the 10500 after announcing "TAPERIN QE"

BE CAREFULL!!!
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Quoting petetong
With respect to you sir, if you have had a sell zone since 6085 and the price high is above 6455 then your sell zone analysis is clearly wrong unless operating on a weekly/monthly trigger ??...where does your sell zone analysis end or does it - because a 400 pip sell zone for the type of trading / time frames that I have seen you discuss / operate here over the years is just wrong isn't it ??...clearly there have been minor pullbacks in that zone but PA as you rightly said has recovered strongly. Please don't be offended - I mean this as a legitimate...
Sir, P

No offence taken whatsoever - a very valid observation.

You are correct. My sell zone and buy zone levels are long term. Weekly/monthly. The fact that my recent posts were short term charts - were because I was waiting for the sell/buy zones to mature and refining my ultimate entries. I could have slapped the shorts on since 1.6085 with a high expectancy over time. ( mentioned the 1.5562 number to Nav) BUT - that would have meant extreme discipline in adding positions at 100 pip intervals with a growing lot size to ultimately bring my entry price as close as possible to current PA.

I have found some additional tools to use that does assist.

My long term strategy ( buy/sell zones) does work. Refining it to limit draw down was the challenge. And in my little world, I have made positive progression towards a sustained system - I really want to believe that.. I accept your comments with grace and what you are saying holds true. There are a lot of better ways to do this. I just have to operate within my limitations.

The buy zone/sell zone analysis only ends when a personally set risk level is breached. You will notice draw down came in at 10.5%. That was 0.5% above my tolerance. There thus is a flaw and that flaw is me. I would like to keep it at 10% max.

I do not think the thread alone is obsessed with selling - I think the general retail market is - looking at a few feeds. This has kept me turning around often and has kept me out of any long term relationship with my entries.

I have a LOT of mistakes in my approach. I am the very first to acknowledge. But it is currently working better than my other options.

All the best to you!

Regards
Quoting davidsayli
WS30 CHART TREND-LINE ANALYSIS It touched the upper trend-line and started to drop. We may see a sudden drop to the 10500 after announcing "TAPERIN QE" BE CAREFULL!!! {image}
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Quoting Oghix
{image}
Anything is math!
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