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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #23,341
  • Sep 4, 2017 4:28pm Sep 4, 2017 4:28pm
Technically the USDCAD is bearish overall although the current mode is for a pullback. Even the current political economy of the US favors the CAD. I am watching the 32.8 Fib zone for a sell trading oportunity.

Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #23,342
  • Sep 5, 2017 7:59am Sep 5, 2017 7:59am
Quoting infinitus
{quote} Of Wicksell And Fed Fallacies


Real Private GDP ~40% Higher Than The Real GDP
  • #23,343
  • Sep 5, 2017 9:34am Sep 5, 2017 9:34am
Quoting KeenPips
Technically the USDCAD is bearish overall although the current mode is for a pullback. Even the current political economy of the US favors the CAD. I am watching the 32.8 Fib zone for a sell trading oportunity. Trade safe and prosper. KP {image}

actually my count is this:

may be running soon into support
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  • #23,344
  • Sep 5, 2017 10:48am Sep 5, 2017 10:48am
EU

the move up from the 1868 low today has the look and feel of an ending diagonal so far
  • #23,345
  • Sep 5, 2017 12:44pm Sep 5, 2017 12:44pm
INFI you mean that you see 1.19 41 as top of the correction ? This is my view too.
  • #23,346
  • Sep 5, 2017 1:13pm Sep 5, 2017 1:13pm
Quoting F.g
INFI you mean that you see 1.19 41 as top of the correction ? This is my view too.

Hi F.g.,

not really - when it is an ending diagonal, we see five waves up, which unfold as ABC pattern and show wave 4/wave 1 overlap.

So we would be in wave 4 down now. The following wave 5 should then make another marginally high.

This view is invalidated with movement below 1877
  • #23,347
  • Sep 5, 2017 1:25pm Sep 5, 2017 1:25pm
INFI aggree... but I have been fooled by the markets waiting and expecting 5 waves to develope in C s of ABC s, many times. Quite often they don't develope 5 but only 3 .......

  • #23,348
  • Sep 6, 2017 2:38am Sep 6, 2017 2:38am
Quoting F.g
INFI aggree... but I have been fooled by the markets waiting and expecting 5 waves to develope in C s of ABC s, many times. Quite often they don't develope 5 but only 3 .......

that is true, because count then was WXY



flexibility of EW
  • #23,349
  • Sep 6, 2017 2:26pm Sep 6, 2017 2:26pm
Yesterday 10% bulls on UJ

85% bulls on EU

13% bulls on USDCAD

11% on DXY
  • #23,350
  • Sep 6, 2017 3:01pm Sep 6, 2017 3:01pm
Dow Jones Changes "Hoax" Index Divisor For First Time In 2 Years


well, that was a very good reading - it brought back few things nearly forgotten
  • #23,351
  • Sep 6, 2017 6:40pm Sep 6, 2017 6:40pm
https://danielsolin.com/investing-secrets-videos/
  • #23,352
  • Sep 6, 2017 6:43pm Sep 6, 2017 6:43pm
Is This The Global Elites' Secret Plan For Cryptocurrencies?
  • #23,353
  • Sep 6, 2017 6:44pm Sep 6, 2017 6:44pm
The Three Faces Of Bitcoin
  • #23,354
  • Sep 6, 2017 6:46pm Sep 6, 2017 6:46pm
USDCAD 8% bulls
  • #23,355
  • Sep 7, 2017 2:48pm Sep 7, 2017 2:48pm
Quoting infinitus
{quote} based on this, the fair value GDP adjusted for EURUSD would be 1,1193

this is waht the ECB said today:

This is what the ECB now forecasts:
Bilateral exchange rates are assumed to remain unchanged over the projection horizon at the average levels prevailing in the two-week period ending on the cut-off date of 14 August. This implies an average exchange rate of USD 1.13 per euro in 2017 and of USD 1.18 per euro over 2018-19, compared with USD 1.09 in the June 2017 projections. The effective exchange rate of the euro (against 38 trading partners) is 2.1% higher in 2017 and about 4.4% higher over 2018-19 than assumed in the June 2017 exercise.


Not so far away :-)
  • #23,356
  • Sep 7, 2017 2:54pm Sep 7, 2017 2:54pm
EUR Surges, Bund Yields Tumble As Draghi Sends Conflicting Messages
  • #23,357
  • Sep 7, 2017 3:13pm Sep 7, 2017 3:13pm
  •  BaIdur
  • | Joined Apr 2011 | Status: Among the blind the oneeyed is king | 94 Posts
Quoting infinitus
{quote} this is waht the ECB said today: This is what the ECB now forecasts: Bilateral exchange rates are assumed to remain unchanged over the projection horizon at the average levels prevailing in the two-week period ending on the cut-off date of 14 August. This implies an average exchange rate of USD 1.13 per euro in 2017 and of USD 1.18 per euro over 2018-19, compared with USD 1.09 in the June 2017 projections. The effective...
Hi Infinitus, sry to bother you...where did u get that information from and what does it actually mean for the price of EU in the near future (weeks)...
Thanks for ur answer...
i'm long n'till i'm short
  • #23,358
  • Sep 7, 2017 3:22pm Sep 7, 2017 3:22pm
  •  BaIdur
  • | Joined Apr 2011 | Status: Among the blind the oneeyed is king | 94 Posts
I'm short btw and slowly but surely getting nervous...
EU did make large moves in the past, but only in 2014 (don't nail me on that) it went more than 2000+ pips without retracing at least 350-600.
There was a good reason in 2014 for that, but today there's nothing (fundamental) justifying a rise beyond actual levels.
i'm long n'till i'm short
  • #23,359
  • Sep 7, 2017 3:52pm Sep 7, 2017 3:52pm
  •  BaIdur
  • | Joined Apr 2011 | Status: Among the blind the oneeyed is king | 94 Posts
Quoting infinitus
{quote} this is waht the ECB said today: This is what the ECB now forecasts: Bilateral exchange rates are assumed to remain unchanged over the projection horizon at the average levels prevailing in the two-week period ending on the cut-off date of 14 August. This implies an average exchange rate of USD 1.13 per euro in 2017 and of USD 1.18 per euro over 2018-19, compared with USD 1.09 in the June 2017 projections. The effective...
1.13-1.034=0.096 ... 1.13+0.096=1.226 ... and after that?? 1.13 again?
i'm long n'till i'm short
  • #23,360
  • Sep 7, 2017 8:39pm Sep 7, 2017 8:39pm
Quoting BaIdur
{quote} Hi Infinitus, sry to bother you...where did u get that information from and what does it actually mean for the price of EU in the near future (weeks)... Thanks for ur answer...

Hi Baidur,

sorry for late answer:

here is the source

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