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Cable Update (GBPUSD)

  • #416,901
  • Jul 7, 2015 6:06am Jul 7, 2015 6:06am
Quoting skyhok
Target of a wave iv reached. Now setting up for the final 5th wave up. http://www.forexfactory.com/showthre...58#post8344458 {image}
very good sir ,,
  • #416,902
  • Jul 7, 2015 6:10am Jul 7, 2015 6:10am
Quoting elbert3
{quote} very good sir ,,
Yes, been testing this one sentence EW guideline from Neely, and it actually works.

"The 5th Wave Extension is the only extended wave which should be consistently retraced more than 61.82% by the next wave of the same Degree
no matter what part of a larger scale the 5th wave is. ..." Ref.: MEW Neely p. 10-10
Elliott Wave for optimum entry, exit and risk management of trades
  • #416,903
  • Jul 7, 2015 6:20am Jul 7, 2015 6:20am
Quoting skyhok
{quote} Yes, been testing this one sentence EW guideline from Neely, and it actually works. "The 5th Wave Extension is the only extended wave which should be consistently retraced more than 61.82% by the next wave of the same Degree no matter what part of a larger scale the 5th wave is. ..." Ref.: MEW Neely p. 10-10
Do you have a target number ,??
  • #416,904
  • Jul 7, 2015 6:33am Jul 7, 2015 6:33am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_D1.gif Size: 210 KB
  • #416,905
  • Jul 7, 2015 6:38am Jul 7, 2015 6:38am
Quoting elbert3
{quote} Do you have a target number ,??
It's on top of the chart pink line, as per guideline said more than 61.82% retracement 1.5953.
Elliott Wave for optimum entry, exit and risk management of trades
  • #416,906
  • Jul 7, 2015 6:43am Jul 7, 2015 6:43am

  1. elbert3

1,61 fib d1

  • #416,907
  • Jul 7, 2015 6:43am Jul 7, 2015 6:43am
Quoting alexpi
{quote} Patiently waiting for 540/3 for decision Closed one short from last night, holding another for now
Out now, don't want to be in the position for Trade Balance
  • #416,908
  • Jul 7, 2015 6:47am Jul 7, 2015 6:47am
Quoting skyhok
{quote} It's on top of the chart pink line, as per guideline said more than 61.82% retracement 1.5953.
Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 27 KB
if we take the weekly , 10/20 ema crossed so i am looking at a bounce off the 20- red , fail then it could retest on that lower tl 5170 area , above then look to trade back to the 200, green
  • #416,909
  • Jul 7, 2015 6:51am Jul 7, 2015 6:51am
Quoting Dano12
elbert3 1,61 fib d1
Attached Image (click to enlarge)
Click to Enlarge Name: d.png Size: 42 KB
it looks so simple on the chart,,lol you just need to get the trade to trade as you want to see it,,lol
  • #416,910
  • Jul 7, 2015 6:53am Jul 7, 2015 6:53am
TP1 touched though I expected it to do this last week
Am gonna be off now and enjoy these pips, will catch you guys after about 2 weeks now.
Best of luck all.
  • #416,911
  • Jul 7, 2015 6:56am Jul 7, 2015 6:56am
Quoting elbert3
{quote} Do you have a target number ,??
It's clearer on the daily :
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 7Jul15.png Size: 38 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #416,912
  • Jul 7, 2015 7:00am Jul 7, 2015 7:00am
Quoting skyhok
{quote} It's on top of the chart pink line, as per guideline said more than 61.82% retracement 1.5953.
Attached Image (click to enlarge)
Click to Enlarge Name: m.png Size: 37 KB
monthly again we see that 5170 area , 1,will it test it back on 23%, 2 will the support come in to play here , it told us it can break 50% fib, you can see the spike,, Greece holds it back maybe,,
Attached Image (click to enlarge)
Click to Enlarge Name: d2.png Size: 44 KB
but it is this the right chart ???? 1st touch tl break out ???
  • #416,913
  • Jul 7, 2015 7:08am Jul 7, 2015 7:08am
Quoting skyhok
{quote} It's clearer on the daily : {image}
i think one can see to much here as we can even say that this was a false pennant breakout, in that case it might see the bottom tl on the day,, i think best to play it as it comes on the lower charts but be in mind of the possibilities that we cover,
Attached Image (click to enlarge)
Click to Enlarge Name: d3.png Size: 44 KB
thats enough for me now ,, Mr S, hi,, hope you well , regards B
  • #416,914
  • Jul 7, 2015 7:16am Jul 7, 2015 7:16am
Quoting elbert3
{quote} {image} it looks so simple on the chart,,lol you just need to get the trade to trade as you want to see it,,lol
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_D1.gif Size: 208 KB
  • #416,915
  • Jul 7, 2015 7:25am Jul 7, 2015 7:25am
Quoting Dano12
{quote} {image}
5435 locked on now, lets see a spike down ?? to tp
  • #416,916
  • Jul 7, 2015 7:27am Jul 7, 2015 7:27am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 27 KB
  • #416,917
  • Jul 7, 2015 7:27am Jul 7, 2015 7:27am
Quoting elbert3
{quote} i think one can see to much here as we can even say that this was a false pennant breakout, in that case it might see the bottom tl on the day,, i think best to play it as it comes on the lower charts but be in mind of the possibilities that we cover,{image} thats enough for me now ,, Mr S, hi,, hope you well , regards B
Doing good B, just checking in on you.

Not too much to say GU at the moment....
The world you desire can be won. It exists.. it is real.. it is possible..
  • #416,918
  • Jul 7, 2015 7:42am Jul 7, 2015 7:42am
Quoting Mr. Scott
{quote} Doing good B, just checking in on you. Not too much to say GU at the moment....
BUY
1.5428
Stake
Stop
([COLOR=#EC174A !important]–[/color]/[COLOR=#0076C0 !important]–[/color])
Guaranteed Stop
Set Trailing Stop
Limit
([COLOR=#EC174A !important]1.52354[/color]/[COLOR=#0076C0 !important]1.56372[/color])P/L £[COLOR=#0076C0 !important]4,200.00[/color]
Hedging
Margin required for trade:
735.00 GBP

thanks S, just took off the last trade was letting it run past 5420 target ended up 5428, sl and call it a day on 5419,
  • #416,919
  • Jul 7, 2015 7:53am Jul 7, 2015 7:53am
Quoting elbert3
{quote} BUY 1.5428 Stake Stop (/) Guaranteed Stop Set Trailing Stop Limit (1.52354/1.56372)P/L 4,200.00 Hedging Margin required for trade: 735.00 GBP thanks S, just took off the last trade was letting it run past 5420 target ended up 5428, sl and call it a day on 5419,

Smart man. I had short set up yesterday afternoon that missed so nothing for me.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily77.jpg Size: 276 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #416,920
  • Jul 7, 2015 7:56am Jul 7, 2015 7:56am
Quoting elbert3
{quote} BUY 1.5428 Stake Stop (/) Guaranteed Stop Set Trailing Stop Limit (1.52354/1.56372)P/L 4,200.00 Hedging Margin required for trade: 735.00 GBP thanks S, just took off the last trade was letting it run past 5420 target ended up 5428, sl and call it a day on 5419,
Monday morning were you see how much the margin call is, that is for 21 lots, monday it was 470 gbp for 1 lot,,lol crazzzzy or what i had to call the broker to see if it was right , this morning 1 lot margin £35.00 I THINK THEY WERE WORRIED,,LOL
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