Currently, I am personally buying hard currency in terms of GBP, in order to lock in the lower price... Since, other indicators have not maxed out yet such as in Gold and DXY, we are not yet ready to take a new trade on GBPUSD yet....till we get the right signal on daily to enter the long trade
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Pay attention to the time frame, I mentioned Bullish on Monthly, so this is not a trade call for scalping on intra day :)
Trade active
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Bullish trade set up has been triggered , as per the chart we are right on the mark to enter long trade on GBPUSD
I am personally, not an expert in Elliote waves, as I dont use it that much, however, on GBPUSD it worked out very well so far based on the chart displayed, even though some can argue that its not applied well in term right diagonal or numbering, but it worked out for me so far, so I will stick to it until it fails....
Razor1Fish
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chaosbegone
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Wow... I'm not sure how you think a personal attack will help. Your Elliot wave analysis is wrong, end of story. I pointed it out as wrong according to Elliot wave rules.
You seem to understand i'm right, yet you think if i referenced an Elliot wave textbook that's bad!?!
Why you keep re-posting the same incorrect information on Elliot wave for other traders is highly ... suspect.
Razor1Fish
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@chaosbegone, kedo... please google different perspectives of Elliot wave, before you make such a mockery and a fool out of yourself... what you are talking about absolutely dont make sense.
Razor1Fish
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@chaosbegone, what makes you think you invented Elliot wave.... and what makes you think that you are the global reference to Elliot wave accurate information ?
Razor1Fish
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@Razor1Fish, Just because you are making a reference to a Text Book methods and calculation, it does not make you the most accurate source of information
chaosbegone
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@Razor1Fish,
Again ....For those who don't know: Razor1Fish included :)
Wave 3 can't be the shortest of the impulsive waves.
wave 4 shouldn't move into wave 1 territory. It's not a diagonal.
If it was a diagonal, then 1>3>5 and 2>4 (contracting) or 1<3<5 and 2<4 (expanding)
Razor1Fish
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@chaosbegone, Why dont you publish your own work and get some earned reputation first...
chaosbegone
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@Razor1Fish, Again you are trying to deflect on the matter at hand. There is no a little bit right here or a little bit wrong. I clearly pointed out where you went wrong with your Elliot wave analysis. I even gave you the exact rules to follow.
I'm not interested in posting my analysis, i'm only interested in making money. And part of making money is coming to websites like this and monitoring for any change in sentiment ...or view points i might have missed. But your Elliot wave analysis was so incorrect i was "moved" to comment.