https://fxww.com/gbp-staying-weak-in-overnight-trade/ The Professional Source Tue, 22 Jan 2013 04:08:25 +0000 hourly 1 https://fxww.com/gbp-staying-weak-in-overnight-trade/#comment-14797 Tue, 22 Jan 2013 04:08:25 +0000 http://fxww.dreamhosters.com/?p=4716#comment-14797 Cheers Jack++

]]> https://fxww.com/gbp-staying-weak-in-overnight-trade/#comment-14795 Tue, 22 Jan 2013 03:43:38 +0000 http://fxww.dreamhosters.com/?p=4716#comment-14795 Wave counting often performance better in trend state. It is easy to spot wave. Range or early stage of a trend, wave counting is not reliable, sometime, it is terribly bad, just make a scenario. But, when top down, or cut off price into small section of range, only focus on price movement from boundary of a range, then, price often show off 5 wave swing in micro structure of price. But, for range behaviour, price swing up to the middle or to top of the range, is often seen.

]]> https://fxww.com/gbp-staying-weak-in-overnight-trade/#comment-14792 Mon, 21 Jan 2013 22:02:07 +0000 http://fxww.dreamhosters.com/?p=4716#comment-14792 Thanks Jack. How do you rate the effectiveness of Elliot wave analysis in broadly range-bound markets? Or do you find it better in trends?

]]> https://fxww.com/gbp-staying-weak-in-overnight-trade/#comment-14791 Mon, 21 Jan 2013 21:42:04 +0000 http://fxww.dreamhosters.com/?p=4716#comment-14791 Good morning. Cable is tricky and scared pair. 1.5800 may be a buy level, waiting for up daily candle. From 1.5250, wave structure may be still in bull, now, in wave 4, often complex structure.
If 1.58 level is bid up, then, next wave 5 will be a strong impulse leg to make you rich if you can ride on cable. Leg 1, 3 were short, then, leg 5 will be longest leg.

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