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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #22,381
  • Dec 8, 2016 10:56am Dec 8, 2016 10:56am
Quoting infinitus
EU 2h TF {image}

wave C ended right in the middle of my marked area on the chart.

Big question now is:

Was that all for the supposed to be wave 2, or do we get a more complex correction?


For today, the move down seems to be done. It looks like an impulsive move with clearly 5 waves down.
  • #22,382
  • Dec 8, 2016 11:03am Dec 8, 2016 11:03am
Quoting infinitus
will get an interesting day today when Draghi delivers further easing, I think he has to do it big, because Markets may have rallied on hopes of easing. If he only prolongs Bond buying up to six months, markets may fall (stocks). If he delivers more, the ralley may go on. By looking at the SP500 and applying EW on it, the last moves since the low of the beginning of the year at 1807 looks like a 1-(1-2-now 3... sequence. That means: targets ahead of 2500 for this maybe last move higher. I scratched my head for hours over the count, but even when...

well, Draghi had delivered. Bond buying extended, but with reduced monthly amount. And: his wording is clearly, that he can prolog that, whenever it is needed.

Result so far a mixed bag: Stocks hold high, but EU got a bleeding nose. That is strange, isn't it? The stock buyers have left some "hop(e)ium", it seems :-)
  • #22,383
  • Dec 8, 2016 11:04am Dec 8, 2016 11:04am
channel play

EU 4h TF
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  • #22,384
  • Dec 8, 2016 11:09am Dec 8, 2016 11:09am
nice rejection from the long time 50% line today, which sits around 0836

monthly TF EU
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  • #22,385
  • Dec 8, 2016 11:20am Dec 8, 2016 11:20am
what to make with the USDRUB?

weekly TF
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  • #22,386
  • Dec 8, 2016 3:19pm Dec 8, 2016 3:19pm
Inserted Video



few weeks left, can't wait
  • #22,387
  • Dec 8, 2016 3:38pm Dec 8, 2016 3:38pm
Reminds me on Nazi-Germany when the "medicals" cooperated with the SS etc.

Disgusting......


https://theintercept.com/2016/12/06/...es-his-memoir/
  • #22,388
  • Dec 9, 2016 1:56am Dec 9, 2016 1:56am
http://www.zerohedge.com/news/2016-1...ime-television



this is a great example how journalism has to be, and it is also a perfect example how politicians are used to lying with a straight face
  • #22,389
  • Edited 6:51am Dec 9, 2016 2:27am | Edited 6:51am
Quoting infinitus
{quote} wave C ended right in the middle of my marked area on the chart. Big question now is: Was that all for the supposed to be wave 2, or do we get a more complex correction? For today, the move down seems to be done. It looks like an impulsive move with clearly 5 waves down.
Hello, It cost me sometimes a lot to see the waves or count the waves. Because I see the yesterday move, I try to count the waves, and I do not see them. can you give me some text where read about it or graph to look at, or describe the 5 waves from yesterday ? whatshoever?

Edit: It hadn't finished yet. News about Italians'Banks are not going to receive the the Rescue Plan from ESM
  • #22,390
  • Dec 9, 2016 10:05am Dec 9, 2016 10:05am
Quoting Lavanda
{quote} Hello, It cost me sometimes a lot to see the waves or count the waves. Because I see the yesterday move, I try to count the waves, and I do not see them. can you give me some text where read about it or graph to look at, or describe the 5 waves from yesterday ? whatshoever? Edit: It hadn't finished yet. News about Italians'Banks are not going to receive the the Rescue Plan from ESM

Hi Lavanda,

sorry for the late reply :-(

Here you can see the idea of yesterday of 5 waves down

Attached Image (click to enlarge)
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  • #22,391
  • Dec 9, 2016 10:09am Dec 9, 2016 10:09am
Quoting infinitus
{quote} Hi Lavanda, sorry for the late reply :-( Here you can see the idea of yesterday of 5 waves down {image}

15min TF

decision time for much more down, or completion of a corrective wave down:
Attached Image (click to enlarge)
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  • #22,392
  • Dec 9, 2016 10:15am Dec 9, 2016 10:15am
https://ewminteractive.com/eurusd-da...ad-ecb-draghi/
  • #22,393
  • Dec 9, 2016 10:31am Dec 9, 2016 10:31am
Quoting infinitus
{quote} Hi Lavanda, sorry for the late reply :-( Here you can see the idea of yesterday of 5 waves down {image}

if you are in trouble of seeing the waves, reduce the timeframe step by step until you get a good feeling
  • #22,394
  • Dec 9, 2016 10:44am Dec 9, 2016 10:44am
Quoting infinitus
{quote} if you are in trouble of seeing the waves, reduce the timeframe step by step until you get a good feeling
Tnaks, yes I need to reduce the Timeframes
  • #22,395
  • Edited 4:31pm Dec 9, 2016 4:09pm | Edited 4:31pm
Quoting infinitus
{quote} if you are in trouble of seeing the waves, reduce the timeframe step by step until you get a good feeling
The name Bank, come to our times from Medium Age. About 1400 started to develop in the Italian Republics, in the main square, the tradicion to borrow money. It was realized or done originally by Jews, as the Catholics had forbidden the practice of Usury, or borrow money with rates or benefit for the borrower. And Jew religion allowed this act.

In the main cities,at squares, started to develop the tradicion of Borrow money at openair. In the markets. The Jews, put chairs behind one bank, that was used as a table, for that moment, to make the transactions, borrow money,stamp a signature and make the compromise about give it back with interest. In Italian, bank, is Banca and Italians started to name or call, go to the Banca, to the act to go to the place where Jews were, sat behind one bank, borrowing money. So on, we have the same name in English, Spanish,Italian and I suppose in all the languages for two things,the financial institution and the place where one can sit down.

The first Bank in the world was Monte de Paschi in Siena. Is the oldest Bank in the world. I have been in this square. Beatiful town. Now is in bankrupt.
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  • #22,396
  • Dec 9, 2016 4:43pm Dec 9, 2016 4:43pm
G/CH...
It looks good to watch next week..
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  • #22,397
  • Dec 9, 2016 10:31pm Dec 9, 2016 10:31pm
Quoting Lavanda
{quote} Tnaks, yes I need to reduce the Timeframes

sometimes, it gets really hard and annoying to recognice the waves. Than one has to switch back to the much higher timeframes in order to see the big picture.

Remember: waves are fractal.

Do not get lost on the squiggles of too low timeframes. Keep the big picture in your head


preserve a count on weekly TF, daily and 4h as your guiding lights
  • #22,398
  • Dec 10, 2016 1:38am Dec 10, 2016 1:38am
Question:

Is the deep state of the US driving equity markets up pre Trump inauguration, in order to let it drop after that only to blame it on him?
  • #22,399
  • Dec 10, 2016 3:36am Dec 10, 2016 3:36am
Quoting infinitus
Question: Is the deep state of the US driving equity markets up pre Trump inauguration, in order to let it drop after that only to blame it on him?
are you sure!
http://www.theatlantic.com/politics/...andals/474726/
  • #22,400
  • Dec 11, 2016 12:04am Dec 11, 2016 12:04am
Do the Elliott Gurus need an additional Training ?
The subwaves of an "Ending Diagonal" have an a-b-c structure.

Sixer
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