TradingEW
Short

GBPUSD volatility at it's best

FX_IDC:GBPUSD   POUND STERLING / US DOLLAR
249 8 7
Completing expanding diagonal wave (c) of correction iv....... SOON, expecting & setting up for a swift decline after a diagonal.
It's getting interesting now, on the minor wave count update, on it's final push up wave v orange.
Would the larger correction iv terminate near 0.6182 x iii & resume down trend ?
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Wave varies - Exit all shorts:
https://gyazo.com/8177b22d46ae1388b081318396a9ef89
Wave count update and short setup for another attempt:
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excellent work
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Holding shorts towards bottom of ED wave (c).
https://i.gyazo.com/eb5775a5927cf19db9c7f2ef442114da.png
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A minor Ending Diagonal wave v orange could be the terminal pattern of wave {iv} correction.
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do you think it will go down in NY time?
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TradingEW ManjuNath
I was going to answer your Q at NY time, because I'm no better than you are on that.
Yes, trading market turns are dangerous, but position sizing and scaling is the key:
http://www.profitube.com/video/lectures/scaling-sizing-bigger-profits/
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Position sizing and scaling is the key to trading market turns.
http://www.profitube.com/video/lectures/scaling-sizing-bigger-profits/
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