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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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rrose
United States
Posted Anonymously
14 years ago
Apr 19, 2010 11:16
purestone are you filled here at 152
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 19, 2010 5:30
ew i know a bit but really its a bit complicated although when accurate it is always spot on. but wave 3 of 3 if your count is correct we might see a bit more downside as 3 of 3 is generally a bit more aggressive.
rrose
United States
Posted Anonymously
14 years ago
Apr 19, 2010 4:08
if yes i am looking at this wave one down 15520 15380 wave two up was 155.08 wave three down the big one comes in five small waves we are now ending wave 3 in this wave biger wave 3 then correction wave 4 limited to 15360 then down we go to 15150 or more . let me know what you think
rrose
United States
Posted Anonymously
14 years ago
Apr 19, 2010 3:59
shane do you know how to count elliot wave
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 19, 2010 3:55
rrose
my strategy is to look for bounces with two positions one for scalping 5 to 10 pips and one for breakeven sl, theres a lot of risk aversion scenario going on in the market. i am really not sure as this is GBP we are dealing here once it falls than it falls but with a 140 pips down already bounces are likely but will they hold is very much questionable.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 19, 2010 3:45
well in my opinion 50 day ma should give it some support if not than 1.5150 is coming up shortly. will go long now with 10 pip sl and at 1.5150 with 30
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 19, 2010 3:33
50 day MA at 1.5240 will it hold??
rrose
United States
Posted Anonymously
14 years ago
Apr 19, 2010 3:09
no 151.50 then take 30pip stop
PureStones
Korea Sout
Posts: 67
14 years ago
Apr 19, 2010 2:57
i am carefully watching eur/gbp sell 0.8839 gbp/usd buying 1.52. stop loss 20pip. what's your opinion.
rrose
United States
Posted Anonymously
14 years ago
Apr 19, 2010 1:49
153.40 max then wave five of biger wave3 down
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