Thanks, Neil, I got this covered...

Cable Update (GBPUSD)

Neil0163, for us Ellittisions, when the market overcomes the biggest ret in price and/or time from W:4 to W:5 we consider W:5 in place. The confirmation comes when the market will trade above 1.2540...Yes, I also pay attention to 1-2-3 reversal ...

Cable Update (GBPUSD)

Moty, you are impossible...but hold the horses ...

Cable Update (GBPUSD)

Moty, I know I sound like a broken record (this is the second thread we post together) but I will say it again. Many patterns we forecast using Elliott Wave Principal don't come out as we predicted, so what is the problem to take -3 or -5 pip/points ...

Cable Update (GBPUSD)

W:4:5 taken out, more to go...

Cable Update (GBPUSD)

Moty, very tight TP if you think about W:4...but I can always be wrong...Trade your plan.

Cable Update (GBPUSD)

Moty, my hero again...congrats.

Cable Update (GBPUSD)

Moty, let me guess...and you will hold until this potential ABC' pattern becomes 1-2-3-4-5...How I'm doing?...

Cable Update (GBPUSD)

on 15M time frame we deal with complex correction but until LOD is not taken out longs are still good...

Cable Update (GBPUSD)

Same thinking here...Excerpt from FF posts.. Fellow X...I go long for the quick scalp of 5 pips Fellow Y... Are you insane? Have you seen a monthly chart?.... LOL I exaggerate, but something close to it.

Cable Update (GBPUSD)

Thanks mbrown,...I won't die until I convince people it's crucial to the day trading to stay in one time frame...entry based on analysis of the 15M chart, SL and TP need to be set on the same time frame end of the story...and so ...

Cable Update (GBPUSD)

I agree...possible 3-3-5 in making...

Cable Update (GBPUSD)

I don't want to spoil the party for the bulls but until the last hurdle is taken out on (at least 15M chart) we can't be sure W:5 is in place...be careful...$ index is close to max out for now-imo...

Cable Update (GBPUSD)

Hi Moty, I love to play devil's advocate with you just to turn your attention to other possibilities...When I use Elliott Wave Principal to analyze the patterns it's not about being right, just to understand the position of the market relative to ...

Cable Update (GBPUSD)

fxpattern11, do you have any particular reason to start harmonic pattern in the middle of nowhere? I am just curious... I've noticed you do this often. Good luck with your trading.

Cable Update (GBPUSD)

no... in general

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Arguments for longs or shorts at any time. Are you scalper, day trader, swing trader or position trader? What time frame is your analysis based on? 15M 1H, 4H or daily? Which move are you going to trade? only up, only down or both? Plenty of ...

Cable Update (GBPUSD)

exactly, just don't block information you see on the chart

Cable Update (GBPUSD)

Moty, a correction has to be contained by the channel. If the market can't do this, look for an extension to 1.25375 and then is only a short step to ABC becoming a 1-2-3-4-5 pattern and that my friend would be very bad for longs, which of course ...

Cable Update (GBPUSD)

Techanalyst, anything is possible in my book... I don't have a preconceived opinion, I always follow the chart...Swings are big enough to make day traders as well as swing traders very happy. I post a 1H chart to encompass the whole picture. Good ...

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