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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #1,461
  • Jul 15, 2013 9:38am Jul 15, 2013 9:38am
Quoting morob
E/J 1H TF {image}
E/J

1H TF

Update
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  • #1,462
  • Jul 15, 2013 9:39am Jul 15, 2013 9:39am
Quoting morob
{quote} E/G 1H TF Update {image}
E/G

1H TF

Update
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  • #1,463
  • Jul 15, 2013 10:57am Jul 15, 2013 10:57am
Quoting infinitus
{quote} Hi DHT, welcome here in "The Club". Am looking forward to your comments etc. :-) If you are interested in Murrey Math, you can find many links on the first page of my old thread "Shangri-La" http://www.forexfactory.com/showthread.php?t=329948 Simply scroll down in that posting to the Murrey Math section. BTW: the table with the graphs (profiles) I posted yesterday: those profiles are "market profiles" and not Murrey Math. But I have synchronized the time span of the market profiles to my Murrey math look back period. That...
cheers, i will check it out
90% of people, are wrong about 90% of everything, 90% of the time...
  • #1,464
  • Jul 15, 2013 10:59am Jul 15, 2013 10:59am

theDHT view (EJ):

inverse H&S update


market is back testing trend lines after the breakout

how it performs will give critical insights into the strength of the bulls vs the bears

important to note, new highs have not been made (yet) so there is no reason to get overly bullish

this could be part of a cup and handle formation... this is entirely possible


updated chart:

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Inverse H&S backtest 4181.png Size: 60 KB

(note: 4181 tick chart)

90% of people, are wrong about 90% of everything, 90% of the time...
  • #1,465
  • Jul 15, 2013 12:03pm Jul 15, 2013 12:03pm
Quoting theDHT
theDHT view (EJ):inverse H&S update ...
http://stockcharts.com/help/doku.php...nd_shoulders_b
http://stockcharts.com/help/doku.php...nd_shoulders_t
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,466
  • Jul 15, 2013 12:07pm Jul 15, 2013 12:07pm
Quoting theDHT
theDHT view (EJ):inverse H&S update market is back testing trend lines after the breakouthow it performs will give critical insights into the strength of the bulls vs the bearsimportant to note, new highs have not been made (yet) so there is no reason to get overly bullishthis could be part of a cup and handle formation... this is entirely possible updated chart:{image}(note: 4181 tick chart)
I've never heard of a head and shoulders continuation pattern. It's supposed to be a reversal.

However, a break of a falling trend line after 3 failed attempts does suggest a possible continuation... maybe.

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Those who say it cannot be done should not interrupt those who are doing it
  • #1,467
  • Jul 15, 2013 1:31pm Jul 15, 2013 1:31pm
The yen crosses are kinda messy at the moment. There are other, much cleaner charts to trade off of, imo.
  • #1,468
  • Jul 15, 2013 1:48pm Jul 15, 2013 1:48pm
Attached Image
  • #1,469
  • Jul 15, 2013 2:39pm Jul 15, 2013 2:39pm
Quoting takytto
{image}

That is what I say since a long time - 650-850 roughly is a very good target.

EW wise, there is even a descent chance to revisit the 650-200 area. It is not my favored scenario, but that is something one has to be aware of......
  • #1,470
  • Jul 15, 2013 3:11pm Jul 15, 2013 3:11pm
Attempt to explain the lines.
See this line. It is determined only from the bottom 2755. I knew it was there because I had built. The point is that the market is also "knows" that it is there, because he began to comply with it.

Attached Image (click to enlarge)
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,471
  • Jul 15, 2013 3:15pm Jul 15, 2013 3:15pm
Quoting godim
Unfortunately for me all setups failed. Most likely the price to continue on the line. {image} Must not lose sight of the cable to break above 5130.
Looks that way to M15 chart.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,472
  • Jul 15, 2013 3:30pm Jul 15, 2013 3:30pm
After all, what is the purpose of this movement? The price movement on the line? We have a goal, what do you think?
There was a good setup for the bears. Why was it destroyed?
My opinion is that the bulls are trying to take the initiative. Especially in the cable. To see if you succeed. They need a close above 5130.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,473
  • Jul 15, 2013 3:49pm Jul 15, 2013 3:49pm
Quoting infinitus
{quote} That is what I say since a long time - 650-850 roughly is a very good target. EW wise, there is even a descent chance to revisit the 650-200 area. It is not my favored scenario, but that is something one has to be aware of......
but this only when the market goes the crash. 2014 2015 for Christmas
  • #1,474
  • Jul 15, 2013 3:50pm Jul 15, 2013 3:50pm
Quoting godim
After all, what is the purpose of this movement? The price movement on the line? We have a goal, what do you think? There was a good setup for the bears. Why was it destroyed? My opinion is that the bulls are trying to take the initiative. Especially in the cable. To see if you succeed. They need a close above 5130.
for me the eurusd still have to go hit 143 minimum
  • #1,475
  • Jul 15, 2013 4:44pm Jul 15, 2013 4:44pm
Quoting takytto
{quote} for me the eurusd still have to go hit 143 minimum

If a target is too obvious, like that one, it is nearly never reached IMHO
  • #1,476
  • Jul 15, 2013 6:51pm Jul 15, 2013 6:51pm
Quoting takytto
{quote} for me the eurusd still have to go hit 143 minimum
If you can come up with a good reason why price would go to 1.43 (minimum), it would be much more useful than just a wild call.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,477
  • Jul 15, 2013 9:58pm Jul 15, 2013 9:58pm
Quoting PipTrapper
{quote} If you can come up with a good reason why price would go to 1.43 (minimum), it would be much more useful than just a wild call.
wait
  • #1,478
  • Jul 16, 2013 12:04am Jul 16, 2013 12:04am
Quoting takytto
{quote} wait
Yes. Such "prediction" may be more useful if it has at least one more level. For example, I expect the price to reach 1.43 mimimum before it reaches 1.18. Then you can buy with a stop loss at 1.18 and wait for 1.43.
How much time? Another question ...
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,479
  • Jul 16, 2013 12:34am Jul 16, 2013 12:34am
1/10 short @ 3085
  • #1,480
  • Jul 16, 2013 12:59am Jul 16, 2013 12:59am
All right. Today I'll start with the cable. The last few days have shown that waiting for something right there. The cable is currently attacking "important" line. The level is now 5120. Close H4 bar above this level can start such a movement.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
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