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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #1,401
  • Jul 12, 2013 2:16pm Jul 12, 2013 2:16pm
Quoting PipTrapper
Philadelphia Federal Reserve President Charles Plosser said the Fed should wind down quantitative easing by the end of 2013. He said policy makers should treat 6.5 percent unemployment and 2.5 percent inflation targets as "triggers," not "thresholds." Read more: http://www.cnbc.com/id/100757576

  • #1,402
  • Jul 12, 2013 2:29pm Jul 12, 2013 2:29pm
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.
As I was saying... and it seems to be the case. Bummer. Let's hope for some real action next week.

Have a great weekend everyone.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,403
  • Jul 12, 2013 2:30pm Jul 12, 2013 2:30pm
E/U

5M TF
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  • #1,404
  • Jul 12, 2013 3:05pm Jul 12, 2013 3:05pm
Quoting infinitus
{quote} EUR bulls were reduced to only 4% on Friday. Pity was, I got this information only yesterday LOL Would be interesting to now the number right now after a 450 pip move. Right now I am without charting program, but later I will show you a daily EW count, where yesterdays surge is the wave C impulse of an ABC-flat correction

What's the status now?
Those who say it cannot be done should not interrupt those who are doing it
  • #1,405
  • Jul 12, 2013 3:36pm Jul 12, 2013 3:36pm
Quoting PipTrapper
{quote} What's the status now?

I do not know - from time to time I get the information, but not regularily
  • #1,406
  • Jul 12, 2013 4:13pm Jul 12, 2013 4:13pm
COT data

commercials were clever
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  • #1,407
  • Jul 13, 2013 8:50am Jul 13, 2013 8:50am
SP500 EW count
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  • #1,408
  • Jul 13, 2013 9:04am Jul 13, 2013 9:04am
SP500 sentiment
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  • #1,409
  • Jul 13, 2013 9:09am Jul 13, 2013 9:09am
Quoting BoringIsGood
{quote} Without looking at the chart too closely and assuming oil is ripe for a nice pullback (which I am), I'd say you betcha.
Took a closer look at BA, and I wouldn't buy at these levels. Outside reversal day looks ominous.

But oil looks good to me for a contra sell.
  • #1,410
  • Jul 13, 2013 9:36am Jul 13, 2013 9:36am
Quoting BoringIsGood
{quote} Took a closer look at BA, and I wouldn't buy at these levels. Outside reversal day looks ominous. But oil looks good to me for a contra sell.

My bearish 1-2, 1-2 is about to get invalidated.

If the previous highs get taken out, the most likely scenario would be, that the 1-2, 1-2 moves are instead a triangle.

Now we would be in the trust out of the triangle, and the target for the wave would be in the 140-150 region.
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  • #1,411
  • Jul 13, 2013 10:49am Jul 13, 2013 10:49am
Quoting infinitus
{quote} My bearish 1-2, 1-2 is about to get invalidated. If the previous highs get taken out, the most likely scenario would be, that the 1-2, 1-2 moves are instead a triangle. Now we would be in the trust out of the triangle, and the target for the wave would be in the 140-150 region. {image}
Absolutely. The 2012 highs are very important. My stop (as well as thousands more) are above it.
  • #1,412
  • Jul 13, 2013 11:05am Jul 13, 2013 11:05am
http://www.zerohedge.com/contributed...lidation-ahead

Underlying Dollar Uptrend Intact, Consolidation Ahead

Submitted by Marc To Market on 07/13/2013 07:45 -0400
  • #1,413
  • Jul 13, 2013 12:03pm Jul 13, 2013 12:03pm
Quoting infinitus
http://www.zerohedge.com/contributed...lidation-ahead Underlying Dollar Uptrend Intact, Consolidation Ahead Submitted by Marc To Market on 07/13/2013 07:45 -0400
Interesting outlook.
As always, time will tell.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,414
  • Edited 4:49pm Jul 13, 2013 12:08pm | Edited 4:49pm
Mini sp500
I came to a conclusion that we may be facing a situation of price manipulation.
point N 1 the price continues to rise until the 100% fib level until the end of August beginning of September 2013 with swift.
ben and takes away the stimulus of economia.e markets fall LEVEL 1430 rev
Point No 2
Price comes down to the value 0% fibo until late August and early September 2013 with falls slower.
awaiting Fed decision in September here markets rise.

this time I will not advise anyone to enter the market mini sp500 index. the price in this area of the decision indecision. the go is, what I expected I just described above.

danger zone
The price of mini sp500 in my mind will rise above 2000pontos and no more than 3000 points and when you touch the target will start lambada markets and the falls are going to be very strong will that go aver investors sell shares at any price when getting crumbling wall street will aver roles blown the hands in despair heads. I know very well what I am talking about.
the signal will start when the price has mini close of 3000 points.

http://www.cnbc.com/id/100757576
humm ... more they know what is to come there.

  1. Banks Present Crisis Plan to Fed: WSJ
    http://fm.cnbc.com/applications/cnbc...g?v=1372364014
    U.S. banks have given a proposal to regulators on how to pay for restructuring in future crises, the Journal said.

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  • #1,415
  • Jul 14, 2013 3:09am Jul 14, 2013 3:09am
What is next in EU?


15min TF

right now suported by a layer of important EMA's, but Momentum seem to be out of steam.

MMSMP gives an upper boundary of 3085 - 3124. At least here we can expect mean reverting. Mean would be 3046

If we go to the lower side of MMSMP, targets are 3007 - 2968, extended 2949


Murrey Math favors the downside now and gives a sell signal. Target would be 3000 and 2970, extended 2939



H1 TF

On MM we are right at the 4/8 line. The system has issued a sell signal. Targets would be 3000 and 2970. After that Octave jump with bearish implications.

Upper boundary sems to be 3123.



MMSMP gives uper boundary with 3102 to 3152. Mean is 3052. Lower boundary is 3001 to 2951

A move up to the 3123 8/8 level would be OK, but at that point Momentum would surly be exhausted.


3000 seems to be the critical level for more downside.

MMSMP profile shows, that the 3040 to 3090 area would need a bit of volume fill. But no heavy need.



H4 TF

MM has issued a sell signal. But 3123 and 3184 may attract. An extended move can bring us to 3245.

But my feeling is, that this targets are only reachable, when we will first go down into the 3000 - 2940 area to re-charge momentum.


MMSMP boundaries are: upper side 3180 to 3416; lower side 2707 to 2471; mean is 2944

Since we come from the upper side, chances are high, that we will reach the mean @ 2944


MMSMP profile shows, that the 2838 to 3042 area needs volume fill



D1 TF

On MM, price got rejected from the 4/8 line @ 3184. Rejection at the 4/8 line often produces a target at the 2/8 line, which is located at 2940

If it was a reversal, targets at the lower side are 2695 and 2573

Uper side targets are 3305 and 3428. After break of this, 3672 or extended 3794 come onto the screen.



MMSMP gives upper boundaries @ 3419 and 3723; lower side boundaries are 2810 and 2506; mean is 3144

MMSMP profile reveals the 3077-3280 area in need for volume fill



Conclusion:

Highest chance is for a small move up in the 3080 region (extended 3123). After that impulsive move down to 2940, with consolidation in the 3000 region beforehand. 2970 can be a hurdle too big to overcome. That would diminish the more bearish targets and we would clearly be open to targets around 3245 and beyond.
  • #1,416
  • Jul 14, 2013 3:46am Jul 14, 2013 3:46am
Quoting infinitus
What is next in EU? 15min TF right now suported by a layer of important EMA's, but Momentum seem to be out of steam. MMSMP gives an upper boundary of 3085 - 3124. At least here we can expect mean reverting. Mean would be 3046 If we go to the lower side of MMSMP, targets are 3007 - 2968, extended 2949 Murrey Math favors the downside now and gives a sell signal. Target would be 3000 and 2970, extended 2939 H1 TF On MM we are right at the 4/8 line. The system has issued a sell signal. Targets would be 3000 and 2970. After that Octave jump with bearish...
Thanks for all that. Certainly makes my job easier.
My conclusion from all that is that we probably still have some sideways action ahead... albeit with a slightly higher range than normal. Chop chop .
Those who say it cannot be done should not interrupt those who are doing it
  • #1,417
  • Jul 14, 2013 4:20am Jul 14, 2013 4:20am
Best place for appendicitis is:


Germany and Canada


http://www.zerohedge.com/news/2013-0...endectomy-cost
  • #1,418
  • Jul 14, 2013 7:48am Jul 14, 2013 7:48am
Quoting infinitus
Best place for appendicitis is: Germany and Canada http://www.zerohedge.com/news/2013-0...endectomy-cost
Or any other country with free health care.

Considering one can get decent quality breast implants in the US for well under 10K nowadays, $13k to 15k for an appendectomy seems like highway robbery.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,419
  • Jul 14, 2013 11:44am Jul 14, 2013 11:44am
G/U

1H TF
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  • #1,420
  • Jul 14, 2013 11:56am Jul 14, 2013 11:56am
peace and pips be upon all of u
hope u all had a nice weekend,back to work now
better be not enough salt than too much salt
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