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Thread: GBP.USD

  1. #11
    action-reaction arco's Avatar
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    Expecting a possible rise today so
    trade closed @ +75pips

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  2. #12
    action-reaction arco's Avatar
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    There was a slight one day rise as expected
    but the fall has resumed with first targets
    perhaps in the 7300-7340 region.

    18-21-31 May could be directional dates.









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  3. #13
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    Maybe an explosive move about to happen?





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  4. #14
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    The possible Flag consolidation appears to be developing into a Reverse Symmetrical (bullish), and if that is the case there will be a fall to 'e' completing corrective '2', and a reversal should follow. I have 30 June as a significant date. (Amended from 1 July).
    There is a chance that 1.8000 could be seen first IMO.







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  5. #15
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    The chart appears to show we could be at or nearing the top.
    Perhaps minor wave 4-5 of 3AB. Prepare for descent to C.





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  6. #16
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    Thats an ominous black candle me thinks.
    The action has tested the box and the top may now be in.





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  7. #17
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    Nice fall of upto 479 pips (so far) since the last post 21/7.





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  8. #18
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    792 pips now for medium term holders.



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  9. #19
    action-reaction arco's Avatar
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    May now fall to complete 'E' IMO





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  10. #20
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    Hey, I've only just noticed these postings, very good stuff! Do you do EUR/USD too? =) i'm a beginner trader, have not been very successful.

    Mostly because of taking big risks during fundamental announcements (initially successful when they still guaranteed the fill price, but not anymore!), so i think i'll stay away from that.

    But quick questions, what good resources are there for learning about the Elliott wave? And what are the rules governing the formation of ABCD in relation to 12345? I sort of understand 12345, but can't seem to find any details on ABCD.

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