No big deal. Saturday a new one will be delivered. It was time for a replacement.

Coreg's EW+HP+D/W Range

GU trying to overcome a first resistance zone. Sorry for the late post, problems with the desktop computer. Added: 100%daily ATR(14) at 1.27297

Coreg's EW+HP+D/W Range

Waveski, I know. The guidelines he provides for newcomers coming to this business in his thread are invaluable. All 6 pages. He has a lot to share on a daily basis, especially about the Dow theory. We are lucky to have him here.

Cable Update (GBPUSD)

Waveski, maybe Leon "the shark" is busy giving Meathead advice on using the Dow theory. Just the thought.

Cable Update (GBPUSD)

ABC and AB=CD are the bread and butter of my analysis. I live off it. image image image

Coreg's EW+HP+D/W Range

Abeylyn, add to it a measured move, symmetry. What happens if bears (in this case) are weaker than previously, and the level breaks?

Coreg's EW+HP+D/W Range

I agree, I use TL as a timing tool for entering the trade either breakout or bounce off. The clue for the direction on small TF is a bearish flag. How often do we see this formation fail? Added: The 1.2700 round number close by might scare some from ...

Coreg's EW+HP+D/W Range

Long trades need BPC, breakout, pullback, and continuation—the best scenario.

Coreg's EW+HP+D/W Range

Sorry for the mistake, fat fingers.

Coreg's EW+HP+D/W Range

GU has a strong resistance zone with the top level at 1.2763. Also, as of right now, it is in consolidation mode, forming the flag. Yesterday, the 61.8% retracement @1.27329 on the daily chart hit. We see if GU reached a temporary (at least) support ...

Coreg's EW+HP+D/W Range

W0lfram, it doesn't matter good or bad call, you have a secret admirer. It happens to many of us. ...1.2739 might be too early but it all depends on the stop loss size. Good luck.

Cable Update (GBPUSD)

Waveski, you did right by my standards. Good Lord gave you two chances to get out with +100 pips and you took it. You should be very happy. Don't biatch. Have compassion for those who are underwater.

Cable Update (GBPUSD)

GU demolished every potential support zone and dropped like a stone. 1.27329 about to be reached.

Coreg's EW+HP+D/W Range

There is strong resistance at WL @1.2834. Since the AB=CD pattern was completed at @1.2795, we might see a limited move to the downside today.

Coreg's EW+HP+D/W Range

Whale, from the daily chart below, you can see why I insisted yesterday that YL @1.2853 has to hold. When this level breaks, 1.2731 is in play. I don't know if GU gets there, but there is a strong probability that this level will act as a magnet.

Cable Update (GBPUSD)

Whale, check the daily chart. There have been two consecutive days with the ID bar, and Friday's low was taken out. I'm just saying.

Cable Update (GBPUSD)

Be careful with counter-trend trade, we had 2 consecutive ID bars on the daily TF, and Friday's low was taken out. Today's low has to hold if the long trade had the chance to succeed.

Coreg's EW+HP+D/W Range

I'm done with MES for now.

Coreg's EW+HP+D/W Range

Meathead, there is a new medicine on the market. Please try it. Don't do stupid things; we need you here. You are the best contrarian indicator with a 95% winning rate.

Cable Update (GBPUSD)

The first resistance is YL @1.2884 if the low is in place.

Coreg's EW+HP+D/W Range