adp » Wed Apr 22, 2015 4:51 pm wrote:Could be an M forming on GBPUSD H4.

Update: Added recent H4 chart

adp » Wed Apr 22, 2015 11:46 am wrote:

kwanann » Wed Apr 22, 2015 10:43 am wrote:

adp » Wed Apr 22, 2015 4:51 pm wrote:Could be an M forming on GBPUSD H4.

Update: Added recent H4 chart

Adp, you might want to relook again.. It's not the right place for a M to form..

Thanks. Can you please explain?

Do you mean it is not valid because of the rise and dip on the second leg up of the M? (which kind of then forms a W pattern instead), instead of going straight up and then back down again?

Hmm.. At first look it seemed like an M on the H4 chart. I need to work at understanding better where we are in the cycle.

kwanann » Wed Apr 22, 2015 11:43 am wrote:

adp » Wed Apr 22, 2015 4:51 pm wrote:Could be an M forming on GBPUSD H4.

Update: Added recent H4 chart

Adp, you might want to relook again.. It's not the right place for a M to form..

Piter80 » Wed Apr 22, 2015 3:51 pm wrote:I think GU wil go down to 1.46500-1.47000 to meke C.
But I could be wrong

dudest » Wed Apr 22, 2015 8:02 am wrote:

adp » Tue Apr 21, 2015 5:24 pm wrote:Had a nice trade long this morning on GBPNZD for about 40 pips.

Definitely should have let that one run. At LOD and also nearly ADR low. Onto the next...

Hi adp,

You'll get your chance to re-enter soon.

Formation of stop-hunt 'c' in progress

adp » Wed Apr 22, 2015 4:07 pm wrote:
Looks like we are all short now then

Have been reading through the thread, but haven't got to the 'a' 'b' 'c' patterns yet. My two year old son is back home at 1pm every day, so from that time onwards studying becomes difficult! My wife is here too but my son wants both our attention all of the time!