Thank you Doris. The levels may not always be exact.... but you do provide a sense of direction for trading GBPUSD. With other tools and strategies we as traders use, Doris' forecast can be an additional info. EG

GBP/USD Updated with I-CHING Methode

Caution on Cable — Note following levels if breached 1.9683 warning 1.9673 ew count is invalidated Retracement for w2 went deeper than I expected. therefore it cannot be wave 2 anymore because it has gone lower than the wave 31 origin I had ...

Elliott Wave Counting with EG

Potential Micro EW Count for Cable Initially, I was thinking there could be a possible reversal now for Cable ( short term ) considering that a Possible Bearish Harmonic Pattern can be seen on the 5minute and 1minute charts. To top it off, a ...

Elliott Wave Counting with EG

Below is the original chart to trace history of above analysis and charts. Followed by what seems to be happening on the lower timeframes. EG

Elliott Wave Counting with EG

Daily Charts for Cable Note that this is just a follow thru of previous meduim term forecast for GBPUSD. If you will check previous charts on Daily and weekly forecast, I have explained there that I am looking for a C wave Up to complete a the Big B ...

Elliott Wave Counting with EG

ALTERNATIVE count for a possible anomaly IN as much as I want Cable to begin its ascent, this possible STOCHASTICS reading anomaly against the price dips do not seem to match up. Divergence I think still need to exhibit oversold / overbought levels ...

Elliott Wave Counting with EG

Cable SL for trading wave 5 up is at 1.9410 Possible wave 1 UP (red) end at FE 61.8 wave 0-3-4 @ 1.9500 Looking for wave 2 to fill GAP EG UPDATE: looks like a failed one already. alternative is an irregular FLAT

Elliott Wave Counting with EG

BULLISH stance on the CABLE has been affected by the retracement from 1.9632. it has now retraced downwards by about 76.4%. visually and pattern wise including the application of ew guidelines, the move down from 1.9632 can be seen as a 5 wave ...

Elliott Wave Counting with EG

wave 3 on the 5min chart was seen on the FE 100.o @ 1.9537/9 followed by a small pullback for wave 4 at 1.9534. expecting wave 5 to reach 1.9552 very near the level fo the wave 4 of smaller degree of previous impulse wave @ 1.9554 expecting a ...

Elliott Wave Counting with EG

today's charts — today's charts a retracement has occurred which is more of a 535 from the high of 1.9632. this could be abc or 123. but if we look at the upward retracement of this move down, it only made a 38.2% retrace which is a bit ...

Elliott Wave Counting with EG

yesterday's charts — yesterday's charts

Elliott Wave Counting with EG

CABLE charts — PREViously drawn charts

Elliott Wave Counting with EG

Sorry for the late reply Pipchaser. But by the looks of it, you did enter your long from there and by now probably celebrating already. Now I am looking for a wave c32 retrace to enter a long. EG PS. I only managed to get a few pips here and there ...

Elliott Wave Counting with EG

GBPUSD — That Long on the Cable was short lived. But if one was not greedy and was watching the charts on the lower time frames, then one would now that 1. there was a nice profit to take by exiting or moving the SL to a profit level. 2. and ...

Elliott Wave Counting with EG

Doris... Just continue posting. There are others who are interested in following your forecast. and for AP, kindly just not read this thread if you do not find it useful in your trading. EG

GBP/USD Updated with I-CHING Methode

Congratulations Pipchaser. The rally that followed that 161.8% FIB Extention was very profitable. the retrace brought up a new opportunity to set Long trades. EG

Elliott Wave Counting with EG

GBPUSD — GBPUSD went back down to meet the 61.8% retrace ( actual is 66%) That would have been a very nice level to go LONG realy heavy and it would have been very profitable. I personally have 3 trades starting at the 59% retrace but took ...

Elliott Wave Counting with EG

GBPUSD Alternative count — GBPUSD Alternative count

Elliott Wave Counting with EG

GBPUSD — GBPUSD Reading the charts below may seem very confusing due to the numerous lines. But try scaling in and scaling out of the different TFs and check the FIB retracements and Extentions. You will see what I see. EG

Elliott Wave Counting with EG

GBPUSD — GBPUSD I will be watching the Stochastics to keep things as simple as possible. EG 001 1940 PHI if the move down was a wc2, it looks like it was just the 5 wave structure of a potential "a" of a Zigzag ABC for wc2. retracements are ...

Elliott Wave Counting with EG