Very possible, especially because W_(iv) retraced deeply- 50% into W_(iii) so target @ 1.13 was primary objective...I have trailing stop below pin bar... Unless ABC pattern becomes 1-2-3-4-5, so drop should stop @1.2355 otherwise we are on the same ...

Cable Update (GBPUSD)

Good analysis Brian, min. expectation after W_1-5 is 38.2% ret. reasonable 50% and so-called big correction at 61.8%...Yesterday GU had inside day so we could expect today that both YL and YH will be touched if we get a rebound off one of these ...

Cable Update (GBPUSD)

GU still can go higher...

Cable Update (GBPUSD)

Today, Monday or other time?

Cable Update (GBPUSD)

Thank you, I didn't notice it...

Cable Update (GBPUSD)

MXT, before any of us digest what implication the news will have on imminent PA, the market can be 20 pips away of our ideal entry or exit point, so personally I don't enter before the news although I am aware of it, if I am in the trade before ...

Cable Update (GBPUSD)

decision time...

Cable Update (GBPUSD)

Brian, I go where the chart leads me. We always have at least two options to trade...Today after 6 am EDT I trade to the downside because price got to my PRZ (yellow rectangle)...Am I correct? ...I have no idea but 15M swings can give you quite ...

Cable Update (GBPUSD)

maybe yes or maybe no...note that W_ iv-v didn't retrace even 50%... it tells you that someone was sitting there to at least squeeze short trades...chart, chart, chart...one TF only to follow if you day trade to make a decision otherwise you can ...

Cable Update (GBPUSD)

You are in the zone today Moty... good...but keep your eyes on the chart and don't listen to the devil sitting on your left shoulder.

Cable Update (GBPUSD)

Moty, I always look for the evidence that tells me my set up is no longer valid...

Cable Update (GBPUSD)

Hopefully no surprises in W:5...then we are ok.

Cable Update (GBPUSD)

True, if the high is in place but we don't know that yet...

Cable Update (GBPUSD)

MXT, it's very possible scenario, but I am fed up with GU because I missed in the morning my TP by 1.9 pips + spread so whatever happens I am OK with it. If my TS won't be hit I most likely close the trade manually during Tokyo session.

Cable Update (GBPUSD)

I agree with you Fontu, but because I won't be in front of computer tomorrow (I know shame, NFP day) I am aggressive with TS which is set @1.23124

Cable Update (GBPUSD)

Possible W:4... My TS barely survived twice...

Cable Update (GBPUSD)

Bones, when I saw yesterday your chart (the same you posted today) I had recollection moment how quickly calculate a target for C point...simply add the number of pips market dropped below prior low (0 to B) to the high at A...Are we get there? ...

Cable Update (GBPUSD)

Bones, I give you my reversal #...1.23668...Please don't follow this recommendation. I test the theory that I read about on the internet some time ago how quickly establish point C after irregular B (of course if this is indeed irr.B).

Cable Update (GBPUSD)

Yes, Moty, emphasis on the word possible...and yes, I have higher targets for C when the market gets extended.

Cable Update (GBPUSD)

Hi WQ, didn't see you for a while...

Cable Update (GBPUSD)