GBP/USD

[Kauri]

In for a short... and I was going out tonight..
Cheers
...Kauri

 

[Kauri]

Re: GBPUSD

In for a short looking for a W2...
Cheers
...Kauri

 

[Edwood]

Re: GBPUSD

Kauri - this is from a chap called TPB at livecharts as posted Friday - you'll struggle to find many better at EW. he's looking for a retrace from black C. dyor etc

cheers

 

[Kauri]

Re: GBPUSD

Kauri - this is from a chap called TPB at livecharts as posted Friday - you'll struggle to find many better at EW. he's looking for a retrace from black C. dyor etc

cheers

Thanks EdWood,
Good to know I am in step, although going by my count I may have led off with the right foot instead of the left..
Cheers
......Kauri

 

[Kauri]

Re: GBPUSD

Is now in the general area for a possible WC or 3...
Cheers
...Kauri

 

[Kauri]

Re: GBPUSD

Must be getting close the minor W5.....
Cheers
......Kauri

 

[Kauri]

Re: GBPUSD

Got the minor W5....Now well into the W3 or C....
Cheers
.......Kauri

 

[Kauri]

Re: GBPUSD

Although the time element isn't there the setup of A=C and B=62% on the 60Min looks like it may be one of those Gartley harmonics?? Also the daily isn't quite in the typical spot for a W2 but it is close... will watch my short-stop closely...
Cheers
.....Kauri

 

[Edwood]

Re: GBPUSD

had a quick look & yes there is one there Kauri, not sure if its in the same timeframe as yours tho

 

[Kauri]

Re: GBPUSD

had a quick look & yes there is one there Kauri, not sure if its in the same timeframe as yours tho

Hi Ed,
Thanks for the chart, hadn't noticed the one on the 4Hr... the one on the 60Min is similar I think to the ABC setups in the MTP programme.... can't get them up in my charting, unfortunately the Gartley and Butterfly setups only work on EOD data in DT..
Cheers
......Kauri

 

[Kauri]

Re: GBPUSD

A good looking H/S setting up with a retest of the neck...
Cheers
.......Kauri

 

[Edwood]

Re: GBPUSD

haven't tried it myself but for anyone using MT4 who wants a tool that will help to build Expert Advisors without having to know how to code. Expect the code wouldn't be very 'clean' but could help to give a starting point

http://sufx.core.t3-ism.net/ExpertAdvisorBuilder/

 

[Kauri]

Re: GBPUSD

May be setting up for a W3 or C... on the 60Min chart.. if it does no doubt my alert will sound off at some ungodly time in the early hours..
Cheers
.........Kauri

 

[Kauri]

Re: GBPUSD

May be setting up for a W3 or C... on the 60Min chart.. if it does no doubt my alert will sound off at some ungodly time in the early hours..
Cheers
.........Kauri

Entry alerts going off all night, but, as of yet, no swing low to hang my stop on...
Cheers
..........Kauri

 

[Kauri]

Re: GBPUSD

Not as pretty as PhotoShop... but pleasant none the less...
Cheers
..........Kauri

 

[Kauri]

Re: GBPUSD

On the daily she has all but reached what I consider to be a typical W2... so on the 60 Min (the time period I trade in) I have tightened up my stop, allowing of course that the decline that has been in 3 waves so far may have a W4 developing before a final W5... after this plays out a little further down the track will be looking to see if a tradable W3 develops....
Cheers
..........Kauri

 

[Kauri]

Re: GBPUSD

Shorts closed out...will wait and see if a W3 builds from here...
Cheers
.........Kauri

 

[Kauri]

Re: GBPUSD

Have a small long-side position on "anticipating" ? a W3,,, only small currently as the R/R wasn't there for a larger position, and also the weekly still suggests that there may yet be a drop to the 1.93's or lower..( if I have the labelling correct)..
Cheers
...........Kauri

 

[Kauri]

Re: GBPUSD

Despite all the gloom on the USD I'm looking at a possible short Cable .
Cheers
............Kauri

 

[chan_a1]

Re: GBPUSD

Hi Kauri. I just started learning about forex trading. Are you able to explain your charts? Is your analysis based on Gann Analysis, Fibonnaci?