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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #301
  • Jun 26, 2013 5:01am Jun 26, 2013 5:01am
Quoting Schickeria
watch now 1.3026/7 to buy for some pips
3027 should be a good level - let see now
  • #302
  • Jun 26, 2013 5:19am Jun 26, 2013 5:19am
watch now 1.3020/1 level to buy
  • #303
  • Jun 26, 2013 5:20am Jun 26, 2013 5:20am
Quoting Schickeria
watch now 1.3020/1 level to buy
if we make a new lower low
  • #304
  • Jun 26, 2013 5:23am Jun 26, 2013 5:23am
1st long 1.3026
  • #305
  • Jun 26, 2013 5:25am Jun 26, 2013 5:25am
Quoting infinitus
From an Elliott Wave point of view 2944 seems to be a critical level. Going below that is definitively very bearish. Staying above, the bulls have still all options. (judging from weekly TF) Short term we may find good shorting ops around 3184 to 3214, or longing ops around 3062, 3031 and 3000 {image}

Right now I would say 2940-2980 is a target area. 2979 is daily MMSMP POC, and that is, based on MP, one of the last hurdles for a bigger drop down
  • #306
  • Jun 26, 2013 5:32am Jun 26, 2013 5:32am
Quoting infinitus
regarding Gold: friends, be careful of shorting Gold at this levels. You know, my bias in Gold is towards sub 1000, but at the moment sentiment data as well as COT data may suggest, that the time for a (temporary) long play is emerging. Daily sentiment index in Gold just fell below 3% Gold bulls. At similiar values it was on April the 15th. this year. The Commercials have not had such a tiny short position in Gold for decades now. When we look at a weekly chart (or monthly), and price is about to revert from here, near term structure may be an ABC-flat,...

Gold could be entering a buying zone - 1219 would be nice. But do not expect much of an upside. Bigger picture is more down. EW on monthly suggests at least one more monthly candle to the downside
  • #307
  • Jun 26, 2013 5:34am Jun 26, 2013 5:34am
EUR/USD PA outlook

Yesterday's inability to break back above the H1/H4 Head & Shoulders neckline at 1.3150 confirms a measured move down to around 1.2900
This is calculated by measuring the spread between the neckline at the start of the right shoulder (1.3160) and the top of the head (1.3415) and subtracting it from the neckline break price (1.3155). The spread is 255pips and once subtracted from the break price of 1.3155 produces a measured target of 1.2900

Sorry cannot post my chart coz my screen capture feature has malfunctioned. However a quick look at your H1 and/or H4 chart will clearly show you what I am talking about.

From a supply/demand perspective, this puts the measured target inside a weekly demand zone which span from 1.2940 down to 1.2800 (approx)
Those who say it cannot be done should not interrupt those who are doing it
  • #308
  • Jun 26, 2013 5:36am Jun 26, 2013 5:36am
Quoting Schickeria
{quote} I'm gooing Long @ 1.3111 and @ 1.3115 and @ psychologic level 1.3000 +/- 4 Pips to 3260 Level.
this levels are my long levels now
  • #309
  • Jun 26, 2013 5:37am Jun 26, 2013 5:37am
Quoting infinitus
{quote} Gold could be entering a buying zone - 1219 would be nice. But do not expect much of an upside. Bigger picture is more down. EW on monthly suggests at least one more monthly candle to the downside

Channel target is around 1176
  • #310
  • Jun 26, 2013 5:39am Jun 26, 2013 5:39am
Quoting Schickeria
{quote} this levels are my long levels now

do you mean 3011 and 3015?
  • #311
  • Jun 26, 2013 5:40am Jun 26, 2013 5:40am
Quoting infinitus
{quote} Channel target is around 1176
I have a pending long at 1189. If it keeps falling from there I will keep buying the weakness with a stop below 1000 on a weekly candle close basis.
Those who say it cannot be done should not interrupt those who are doing it
  • #312
  • Jun 26, 2013 5:40am Jun 26, 2013 5:40am
Quoting PipTrapper
EUR/USD PA outlook Yesterday's inability to break back above the H1/H4 Head & Shoulders neckline at 1.3150 confirms a measured move down to around 1.2900 This is calculated by measuring the spread between the neckline at the start of the right shoulder (1.3160) and the top of the head (1.3415) and subtracting it from the neckline break price (1.3155). The spread is 255pips and once subtracted from the break price of 1.3155 produces a measured target of 1.2900 Sorry cannot post my chart coz my screen capture feature has malfunctioned. However a quick...

Thanks for analysis - well appreciated

For screen capturing try this superb tool http://getgreenshot.org/
  • #313
  • Jun 26, 2013 5:42am Jun 26, 2013 5:42am
Quoting PipTrapper
{quote} I have a pending long at 1189. If it keeps falling from there I will keep buying the weakness with a stop below 1000 on a weekly candle close basis.

Maybe enough drop for today. Daily ATR in Gold more than double of normal today.

Maybe retesting 1250
  • #314
  • Jun 26, 2013 5:44am Jun 26, 2013 5:44am
Quoting infinitus
{quote} Thanks for analysis - well appreciated For screen capturing try this superb tool http://getgreenshot.org/
Thanks for the link but the problem is with my graphics driver. No matter which screen capture program I use, all I get is random pixels.
I think the answer is an upgraded graphics driver, but I cannot do that when the market is open just in case something goes wrong. As such, I will have to wait for the weekend.
Those who say it cannot be done should not interrupt those who are doing it
  • #315
  • Jun 26, 2013 5:46am Jun 26, 2013 5:46am
Quoting infinitus
{quote} do you mean 3011 and 3015?
yes sorry
  • #316
  • Jun 26, 2013 5:48am Jun 26, 2013 5:48am
Quoting PipTrapper
{quote} I have a pending long at 1189. If it keeps falling from there I will keep buying the weakness with a stop below 1000 on a weekly candle close basis.

From a market profile perspective 1165 should be the lowest for some time. But, to be true, the Market Profiles right now are not very textbook (lacking normal distributions). Some TF's have fairly fat tails now
  • #317
  • Jun 26, 2013 5:54am Jun 26, 2013 5:54am
for me is 1.3015 the lowest today
  • #318
  • Jun 26, 2013 6:17am Jun 26, 2013 6:17am
Quoting Schickeria
for me is 1.3015 the lowest today
I still have some sitting @ 1.3005 and @ 1.2966 (safety pips), target UP THERE (see: Monty Python)!
  • #319
  • Jun 26, 2013 7:30am Jun 26, 2013 7:30am
1.3015
  • #320
  • Jun 26, 2013 7:34am Jun 26, 2013 7:34am
Placed and reloaded some good entrys today
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