Always expect unexpected...

Cable Update (GBPUSD)

Guz, yes Gartley is still in play (as I pointed out yesterday) but we can consider B being in place because GU made textbook correction of a 5-A leg in time and price (6 days down and 5 days up- on your daily chart- and 61.8% in price)... image On ...

Cable Update (GBPUSD)

On 4H or daily all 3 patterns are still in play (Gartley and Crab to the upside and Bat to the downside). Is the B point on the 30M chart in place?... Edit: updated DX chart image

Cable Update (GBPUSD)

Let's see if 1.3052 will hold again...

Cable Update (GBPUSD)

Guz, that's what I thought on Friday...I elected to take my profit at 1.3052 because I'd thought 1.3048 is achievable and the bounce at (a) was so meek...my bad. Closed my short trade at 1.3077 with 15 pips profit...Hey, it's discretionary trading, ...

Cable Update (GBPUSD)

I am preoccupied with the YM (Dow minis- futures) trades ...where the fun really is but I will review your suggestions during the weekend...Thanks, pipfarm.

Cable Update (GBPUSD)

pipfarm, we still hanging by the thread (not my first and probably not my last time)...I sometimes drop to a lower time frame to see more detailed chart. I moved SL to 3 pips above last high on 15M chart... if I am taken out so be it... How many ...

Cable Update (GBPUSD)

pipfarm, my min. target also...

Cable Update (GBPUSD)

If your trading parameters allow aiming at AB=CD because of a weak reaction @1.30834 stick to it...

Cable Update (GBPUSD)

Target hit... image possible long term trade...always stick to your setup time frame... image

Cable Update (GBPUSD)

Karlmoc, at least 20 of us here in this thread waiting for what you have on your chart to happen...

Cable Update (GBPUSD)

still the chance that ABC becomes 12345 pattern...decisions, decisions...watch for the 3rd touch of the TL and WH (@1.3119)

Cable Update (GBPUSD)

It's possible for W_5 not to exceed W_3 high. It's called truncated wave five...please check the link. url Edit:...or this one... url

Cable Update (GBPUSD)

Guz, prior week high @1.3119 holds firmly, IMO it's a tough cookie to crack...just saying...keep eye on it.

Cable Update (GBPUSD)

Nothing new to add, a green zone for potential W_4 (complex correction) holds and GU remains in the range. We will see how it unfolds, soon (hopefully).

Cable Update (GBPUSD)

If the green zone holds possible another push-up... I love the expression "stop hunting".

Cable Update (GBPUSD)

ricmi, if we are lucky we can have Deep Crab pattern...although maybe not today, we never know...

Cable Update (GBPUSD)

still some room to go up...

Cable Update (GBPUSD)

for those who still struggle with fractals and multi time frame analysis...

Cable Update (GBPUSD)

chess king, good catch...nothing invalidated this option of your on 4H or daily chart...

Cable Update (GBPUSD)