Hey, you could be right, but I can only see 3 subwaves in your wave 1 and the wave 3 count also has three (counted) subwaves. Reagrdless of all that , from a fundamental point of view, I personally see the drastic upside as being more plausible. ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

My wave count, for what it's worth. The lower end of my wave 4 area was hard to make out and, yes, there is a rule break where subwave 4 of C of (4) drops into subwave 2 territory. I note the other comments here re my wave (5) being a wave B, and ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Correct. Even so, wave 5 does not always extend. This one extended to 90% of wave 3 In case of g/j if wave#4 was 38.2% or 50% of wave 3 then wave#5 should had gone down below 118xx and it did not happen.. yet!! Doesn't have to happen. wave 5's often ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

yeah, I'll do that tomorrow. its saturday pm here now. If you take the fall from 241 to 118 as a wave 3 (it certainly had the momentum of a wave 3), then the "bounce from 118 to 163 was a wave 4. Don't forget that wave 4 will usually retrace to ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Wave 1, be it a major or minor wave contains 4 subwaves (although they're damned hard to see on on most timeframes below 1 hour). At this time, on the 4 hr or 1hr we are either still in wave 3 or completing wave 5. On the daily and weekly I can see ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

image Here you go. Expanding flat, "megaphone" formation on GU

Auslanco - GBP/JPY and GBP/USD (newstrade)

It seems to have stalled at 140. And, to cap it off, GU is held in place by its expanding flat upper trendline (daily)

Auslanco - GBP/JPY and GBP/USD (newstrade)

Sitting on ascending triangle lower trendline ... break or bounce here?

Auslanco - GBP/JPY and GBP/USD (newstrade)

Well, very few would expect the UK to raise rates, so I don't think news would heavily impact it today. Probably famous last words, though.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Ascending (bullish) triangle?

Auslanco - GBP/JPY and GBP/USD (newstrade)

My last comment on this matter. From your last entry, I take it as irrefutable proof that you were, indeed, instrumental in having guicci's thread removed. I will now move on. Good day sir.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Even in an insult you make little sense. Take my kind advice. Learn English. Good day.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Then please explain why you felt the need to go to his new thread a few hours ago and throw in snide, immature and unprovoked comments. From where I sit, that constitutes unreasonable harassment of another member. If, indeed, you had no involvement, ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I'm sure that most people here, myself included, believe that you are responsible for this action. You just won't give up, will you. Even to the point of attending his new thread and rubbishing him (very shortly after which he was banned). And, by ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I mainly trade waves. Your wave count is probably correct, but it only shows the five sub waves in wave 5. If, indeed, we are to see an ABC correction, then wave A should take us down (probably in 3 subwaves) to the bottom of wave 5, being around ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

[quote=redbeben;4512774] Megaphone (broadening top) pattern............. url

Cable Update (GBPUSD)

[quote=redbeben;4512646]and this is the reason for this massive drop More so, how about the fact that Cable is in a megaphone (broadening top) formation on the daily, which is normally (if it plays out) bearish. From a technical standpoint, cable ...

Cable Update (GBPUSD)

Guicci. Congrats for having not been evicted from here and also the vouches. 10 posts so far and they haven't blocked you. Somewhat of a record. I note your famous megaphone (broadening top) is now showing itself here on GBPJPY as well. Starting to ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Spreads — Thankyou for last reply. Of these matters, I am aware. My original question was politely pointing out that certain broker spreads were out of wack with others.

GoMarkets Discussion

Anything less than 100 pip sl on GBPJPY is foolish. Professional traders will often run a 500~1000 pip sl on that pair. Its not about RR, it's all about lot sizing for the pair. (MM)

Cable Update (GBPUSD)