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anilmangal
Dec 1, 2015 7:42 AM

GBPUSD still in the corrective structure. Long

British Pound/U.S. DollarFXCM

Description

Buying the breakout for the C wave up is a good idea. Breaking out would confirm the C wave up.
I will post the 4hr update soon .

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The 4hr view

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GBPUSD made a lower low . There was no consolidation and break out . I would be posting updates if i see a trade setup.

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What i am waiting for.

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THE POWER OF THE WAVES
BTW where is the troll who said GU will die?
Comments
manijeh.kazemi.33
thanks Ithink so
Gbprider
i am excepting more fall for gbp , bad data , & too adp & nfp will come good
NidalDarawsheh
more to the downside i guess before it shoots
Gbprider
wave theory is very risky , it will ruin the account in no second , better dont follow it simple logic do u think gbp is stronger to rise ? pmi data will be bad & tomorrow nfp will be read . so what next?it will move down more !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
njdfj
it's probably the trader's trading strategy or poor risk management is risky to his/her account balance. no analysis will be right 100% of time mate.
anilmangal
No one trades wave theory (such statement show an ignorance of the concept of "wave theory") You should use wave to analyze the chart and make forecast. To trade you need a tested strategy which should be based on the analysis you do. You should also use good money management and good risk management. Ignorance is what will ruin your account.
Gbprider
Agreed . Good money management will survive the Account , but structural wave will be invalid today when gbp pmi data release
VijaySanghishetty
Anil.., Please ignore the Trolls..,
Lot of us agree with your Idea.., and most importantly.., lot of us "Understand" your charts.
We respect your skill set and your work.
anilmangal
I am optimistic he will learn something :)
Gbprider
lol i am been trading gbp/usd for years as of now, Mark my words today it will move down more my tp 1.4860 tomorrow after nfp gbp/usd total death
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