I can certainly relate. gelukkige nuwe jaar

Cable Update (GBPUSD)

Happy New Year. May it be the most profitable for you.

Cable Update (GBPUSD)

Sorry. I've been told by others that it's one of my worst habits

Cable Update (GBPUSD)

1.73 and maybe even higher is in the cards before we get the big melt down, but before then we are due for a major wave 4 correction. That should come after we reach around 1.66xx or slightly higher by extension into the low to mid 1.67xx

Cable Update (GBPUSD)

So if I manage to keep my account in consistent profit and never lose it, does that mean I am immortal?

Cable Update (GBPUSD)

Today is month and quarter end... not to mention year end. December 31st is usually quite choppy or volatile so don't expect the price action to make a lot of sense.

Cable Update (GBPUSD)

1.3650 1.3700 1.3720 are the numbers to watch for today as quarter end FX option expiries are abound with the above mentioned strike prices. These prices are valid until 10am EST (NY)

EurAnalysis

Cable nudged up the wave B high overnight, so now have a new adjusted buy zone and target for wave C completion. G/U H1 image

Cable Update (GBPUSD)

Happy New Year CK. All the best to you and yours.

EurAnalysis

Although it also applies to EW in many cases, an AB=CD harmonic structure is considered basic Price Action and applies to many theories and methods. This is why it works consistently. Consider a 123 reversal pattern, or even the head and right ...

EurAnalysis

For me the solution would have been to keep holding long regardless. I would not have hedged and if it came to the point where I had no choice but to hedge, I would not have done it until I saw a triangle breakout to the downside. However, instead ...

Cable Update (GBPUSD)

Because it is a newer cycle structure. It is also supported by the fact that the 3 wave move up will end in that area as a proper AB=CD harmonic structure... just like the major move up before it in 2010/2011 image

EurAnalysis

Overall profit

Cable Update (GBPUSD)

Bingo. If I screw up and get in too early, the trend will save my ass. On a counter trend, the trend will kill my ass.

Cable Update (GBPUSD)

Exactly what Jimmy said, but I will add one thing I have already mentioned in a prior post and that is that ABC corrections are unpredictable until the B wave is confirmed. It is only at that point when you can reasonably calculate where the ...

Cable Update (GBPUSD)

Which finishes exactly at the red trend line I added to your chart. image

EurAnalysis

Cheers. I suggest you keep a tight stop. The top of this cycle is not yet confirmed.

Cable Update (GBPUSD)

Green is the buy zone for me. G/U H1 image

Cable Update (GBPUSD)

My short term trade plans. Red = sell zone Green = buy zone E/U H1 image G/U H1 image U/CHF H1 image

EurAnalysis