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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #1,161
  • Jul 11, 2013 8:26am Jul 11, 2013 8:26am
Quoting godim
{quote} Now just go in the opposite position. The decision may be a range. {image}

Lost resistance. Maybe range around the line?

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,162
  • Jul 11, 2013 8:38am Jul 11, 2013 8:38am
eurusd m1
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  • #1,163
  • Jul 11, 2013 9:36am Jul 11, 2013 9:36am
3038 - 3022 in my eyes
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  • #1,164
  • Jul 11, 2013 9:44am Jul 11, 2013 9:44am
Quoting kbmoonshinex
3038 - 3022 in my eyes

against 3069
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  • #1,165
  • Jul 11, 2013 10:02am Jul 11, 2013 10:02am
We see only pink lines. Assuming that the price received support from the yellow, then what?

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The target can become very high.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,166
  • Jul 11, 2013 10:06am Jul 11, 2013 10:06am
Quoting godim
We see only pink lines. Assuming that the price received support from the yellow, then what? {image} The target can become very high.

Price indicates that it is sensitive to this line.

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IF support THEN ....
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,167
  • Jul 11, 2013 10:43am Jul 11, 2013 10:43am
Quoting godim
{quote} Price indicates that it is sensitive to this line. {image} IF support THEN ....
1.3070 (actually 1.3072) has been a key pivot for a very long time. Every time price has come to this area, it has hung around for a while. If it gets hung here again, I see sideways action until next week.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,168
  • Jul 11, 2013 11:00am Jul 11, 2013 11:00am
Quoting PipTrapper
{quote} 1.3070 (actually 1.3072) has been a key pivot for a very long time. Every time price has come to this area, it has hung around for a while. If it gets hung here again, I see sideways action until next week.
You think the price for it bounces from this level? Maybe so is .. I am not a supporter of the pivot levels. I do not even know how to calculate. I know there are many calculators for this.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,169
  • Jul 11, 2013 11:10am Jul 11, 2013 11:10am
Quoting PipTrapper
{quote} 1.3070 (actually 1.3072) has been a key pivot for a very long time. Every time price has come to this area, it has hung around for a while. If it gets hung here again, I see sideways action until next week.
Interest why do you think the impulse will not continue?
We have grown rapidly in the price. How fast? Faster than the fastest line in the fan. For me it is 10x. I.e. the speed is greater than 152.5 pips per day.
Could now, the price suddenly stop? In general we know that on the market anything is possible. We will see ...
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,170
  • Jul 11, 2013 11:18am Jul 11, 2013 11:18am
Here see. This is the line at a speed of 152.5 pips per day. I.e. from 2755 to the current rate is just such.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,171
  • Jul 11, 2013 11:57am Jul 11, 2013 11:57am
Hi friends,

sorry for not posting much - once again buried under work


Jim Rogers about Gold

http://au.businessinsider.com/jim-ro...00-1200-2013-7
  • #1,172
  • Jul 11, 2013 12:04pm Jul 11, 2013 12:04pm
Quoting godim
{quote} Lost resistance. Maybe range around the line? {image}
Once more. 3033 then 3034

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,173
  • Jul 11, 2013 12:06pm Jul 11, 2013 12:06pm
Quoting PipTrapper
{quote} 1.3070 (actually 1.3072) has been a key pivot for a very long time. Every time price has come to this area, it has hung around for a while. If it gets hung here again, I see sideways action until next week.

Hi guys,

nice discussion you have going on here :-)


Regarding the importance of 3070:


on my MMSMP's I have the following POC's:

Monthly (data of the last 32 months) 3096
weekly (last 32 weeks) 3088
daily (last 32 days) 3077

well, that is important enough, at least for me :-)


above bullish, below bearish
  • #1,174
  • Jul 11, 2013 12:09pm Jul 11, 2013 12:09pm
You might be asking yourself why again?
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,175
  • Jul 11, 2013 12:14pm Jul 11, 2013 12:14pm
Well, am trying to make sense of the blabbering of the FED's, ECB's etc:


Maybe they try desperately to peg the EURUSD at around 1.3000

For me it looks like a gamble they are playing with us: taper - non taper - taper - non taper; then the ECB talking heads chime in with rates down, rates up etc.



I think they all now, that US has to taper, and EU has much to ease (look at all the de facto bankrupt EU countries).

So they keep the speculators hanging as long as possible to keep the Euro some time up


Maybe.....
  • #1,176
  • Jul 11, 2013 12:19pm Jul 11, 2013 12:19pm
Quoting godim
{quote} Interest why do you think the impulse will not continue? We have grown rapidly in the price. How fast? Faster than the fastest line in the fan. For me it is 10x. I.e. the speed is greater than 152.5 pips per day. Could now, the price suddenly stop? In general we know that on the market anything is possible. We will see ...
Well that all depends if yesterday's move was an impulse... which I don't agree with. In fact, yesterday's move was a correction from both a market sentiment POV as well as technical. I also believe the correction is over as evidenced by the lack of follow through today on top of a few technical indications which also suggest that a correction was overdue (such as a bullish hidden divergence on the daily charts plus unfinished PA retest business at the 1.3190 area.)

Of course this is just my humble opinion based solely on 12 years trading experience. I do not mean to undermine your analysis at all. Just offering my two cents worth
Those who say it cannot be done should not interrupt those who are doing it
  • #1,177
  • Jul 11, 2013 12:21pm Jul 11, 2013 12:21pm
Quoting infinitus
{quote} Hi guys, nice discussion you have going on here :-) Regarding the importance of 3070: on my MMSMP's I have the following POC's: Monthly (data of the last 32 months) 3096 weekly (last 32 weeks) 3088 daily (last 32 days) 3077 well, that is important enough, at least for me :-) above bullish, below bearish
On a weekly close basis. See my previous post on this matter.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,178
  • Jul 11, 2013 12:29pm Jul 11, 2013 12:29pm
Quoting godim
{quote} Once more. 3033 then 3034 {image}
Lost resistance.
Now stop with the graphics. Tomorrow I will show you what is the solution. If any.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,179
  • Jul 11, 2013 12:32pm Jul 11, 2013 12:32pm
Quoting infinitus
Well, am trying to make sense of the blabbering of the FED's, ECB's etc: Maybe they try desperately to peg the EURUSD at around 1.3000 For me it looks like a gamble they are playing with us: taper - non taper - taper - non taper; then the ECB talking heads chime in with rates down, rates up etc. I think they all now, that US has to taper, and EU has much to ease (look at all the de facto bankrupt EU countries). So they keep the speculators hanging as long as possible to keep the Euro some time up Maybe.....
There's not much decoding to do really. Benny just had to clarify some points on what "taper" means and he wanted to make it very crystal clear to the markets that it did not mean rate hikes any time soon.

Once the bond vigilantes got the message, they covered their positions... and because it happened after hours in a low volume market condition, the move was exaggerated and turned into a stop hunting short squeeze by the big boys who price spot markets on the Interbank. Simple really. It was a storm in a teacup and now it's over. CNBC and Bloomberg are really making a much bigger deal about this than it is worth.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,180
  • Jul 11, 2013 12:42pm Jul 11, 2013 12:42pm
Quoting PipTrapper
{quote} Well that all depends if yesterday's move was an impulse... which I don't agree with. In fact, yesterday's move was a correction from both a market sentiment POV as well as technical. I also believe the correction is over as evidenced by the lack of follow through today on top of a few technical indications which also suggest that a correction was overdue (such as a bullish hidden divergence on the daily charts plus unfinished PA retest business at the 1.3190 area.) Of course this is just my humble opinion based solely on 12 years trading...
I feel that I am wrong somewhere? I do not want to ignore your experience. On the contrary. I want to discuss freely.
Even talk about correction. It may be a zigzag. Yesterday - impulse. Consolidation today and tomorrow - impulse.

Edit: While the price does not go over the top 3417 will always talk about the correction.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
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