Interesting to see different wave counts. Thanks for posting!

Daily Cable Analysis

Sure, but there are some guidelines how waves are unfolding. If these are not respected, how could anyone count anything at all. Most of the time its easier to say in which wave we are not instead of the correct wave.

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You mean this sharp downmove from 9430 to 9250? Then the Wave 4 would be higher than Wave 1. Strange elliot count...

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I see it like this: 4hour: image Daily: image In weekly and monthly it supports lower targets, but thats some time ahead and not yet. Problem is: Don't become emotionally of what others has to say. I could be totally wrong.

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Don't think so. Thats no downwave, its an ABC correction going higher and there a new forming upwave 3 in progress. :

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I have learned it is the longest (there are several elliot wave count-modifications in the wild). You are right, his wave 2 exceeded the start of wave 1.

Daily Cable Analysis

@HonaForex: Your wave count seems wrong, because Wave 3 is always the longest. 3 and 4 in your chart looks more like wave 1 & 2 and number 5 looks like wave 3, correction A looks like Wave 4. For a long in one hour chart is could be either a wave ...

Daily Cable Analysis

Which numbers? In one hour the Trade Balance for GBP coming out. Make sure that your time settings here on forex factory are correct.

Cable Update (GBPUSD)

In EURUSD, GBPJPY and GBPUSD it looks like lower trendline will brake in H4!? Looks like almost in every pair dollar bullish.

Cable Update (GBPUSD)

Thats what I said prior in another post: These are tricks of speculators to get our hard earned money. These shitting capitalis.... you got it. Where do you got the picture from?

Cable Update (GBPUSD)

Still in the denial phase? I have no analysis to offer, beside of that I don't accept a 50% retracement from 9650 to 9180. So I don't expect a break of 9200.

Cable Update (GBPUSD)

I'm almost dead today. Only sitting like a zombie here and can't believe that last move. Your cat saved me from my bad thoughts about how stupid I am and how less dicipline I have. Had good laugh. Thanks for your good taste of humor!

Cable Update (GBPUSD)

That made my day!

Cable Update (GBPUSD)

Wait with going long. I think its moving further down before any sign of an uptrend will arise. Oh well, I hate this "trick": Doing nothing on NFP-Friday and the next day put all the eggs onto the markets and let every trader slip on them. Thats ...

Cable Update (GBPUSD)

I had a crazy thought: Because friday the NFP data was almost ignored, it looks like the market is doing it today instead. Going up and then a smart sell off. Saw that several times in NFPs.

Cable Update (GBPUSD)

What I hate so much is when my suconscious tells me: Momentum stopped, trendline reached + 50% fibo and I don't go out because my conscious say "have faith, its going more up today". I'm not disciplined enough for this work.

Cable Update (GBPUSD)

We are back in our ranging area.

Cable Update (GBPUSD)

What a shit move. Never saw ending a wave at only 50%.

Daily Cable Analysis

To 9371, there is a trend line sitting in H4 on my chart.And thats 61.8% of the frankfurt open low. Hm, have not expected such a downfall.

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My target for all my orders are 9454, thats only because I traded my account nearly to death (not really , but oppossed to other days) and need a safer approach now. Market will reach higher TPs today, but after last week I'm a bit freaked out. ...

Daily Cable Analysis