Here is the weekly chart.The pattern looks ok to me. TheBody is right though it could take some time to play out. If I was going to trade this pattern I would keep an eye out for a Daily Pin Bar or Bullish engulfing candle. Could be worth a shot in ...

A new look at Wolf Waves

The time of the charts that you were refering to there align with NY close, which according to Nial Fuller is what you want. url

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[quote=adetola99;8949220] Trading is as simple as ABCD thread is worth a look if your interested in using the M1 TF for entries. url

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Thanks Bones. There has been lots of Bullish sentiment over the last few days but I kept your advice in mind. Why wouldn't I listen to the resident GU expert? This thread needs you in my opinion (and I'm sure many others would agree). Also there has ...

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GU Weekly. Looks like a bearish flag but a break of the 61.8Fib Fan line could be significant. image

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Joint Ops and Training been happening for a long time. This has nothing to do with pending Brexit situation.

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You sure it's not inching lower? image

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I think he meant that he was on the sidlines. i.e not trading GU just now.

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Here is my view of GU H4. I have added 4 hour buy/sell zones (solid boxes) and H1 zones (unfilled boxes). I have taken this method from Winston Reed's Truth in Trading thread although he does not use H1 or H4 zones. Seems to work quite well. I am ...

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Nice. I'd class that as high volume scalping (high volume depending on account size I suppose). Can be very very profitable.

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What do you mean Elbert? Why do you specifically comment on the weekly 50EMA?

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Here is the Daily chart with some buy and sell zones as per Winston Reed's method which he is teaching in his truth in trading thread (although he may see things a bit differently). Solid boxes are weekly zones. Unfilled zones are daily. According ...

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Looking closely at my charts it seems that it did close higher. Even if it didn't quite close higher than the February wicks, it did close higher than the feb close. Surely if we're working off closes then we work off closes on both dates, and if ...

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Yes, I'm looking for another HL. I did get your point that it did not close higher. I am still very much learning Bones so thanks again.

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Thank you for your insight Bones.I must be honest and say that I do not fully understand everything that you are saying in your charts but I think I get the main points. It will be interesting to see how this plays out.

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.4355 has already been exceded. The current H1 chart is still making Lower Lows. Now maybe it will head straight up on Monday and not look back but at the moment there is no reason to think that it has turned. image

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Of course. We have had our 1st higher High on the Daily TF since June 2015. The current retracement lower is all part of the process and a bounce from the lower TL / 61.8 Fib area could see a much higher bounce to the upside. Obviously we have ...

Cable Update (GBPUSD)

Agreed. .4189 would be the 61.8 Fib retrace of the last LL to the recent HH. A retrace of between 61.8 and 78.6 would be ideal in my opinion. The lower TL which connects the last 2 prominent Lows runs through that area as well so seems like a ...

Cable Update (GBPUSD)

I don't think 1.43 is unrealistic in any way. I'm not saying that price will not push beyond that but it's not a bad target area for TP, or at least partial TP. Personally I don't see many "rough tackles" between here and there. image

Cable Update (GBPUSD)