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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #1,541
  • Jul 16, 2013 7:41am Jul 16, 2013 7:41am
Quoting BlueGas
{quote} I meant 3141, but yes, i have more 4080 in mind on a larger scale
Surely that is a typo and you meant 2080

Anyway, can you give a reasoning behind your view that 4080 is more likely than 2080... or 2480? Much appreciated.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,542
  • Jul 16, 2013 7:42am Jul 16, 2013 7:42am
Quoting godim
{quote} See how easy it is for me. Just a number. In Cable 1 - 2 - 3 - 4 - 5. And in the euro 1 - 2 - 3 - 4 - 5 - 6. {image} {image}

I see what you mean :-)
  • #1,543
  • Jul 16, 2013 7:42am Jul 16, 2013 7:42am
Quoting godim
{quote} See how easy it is for me. Just a number. In Cable 1 - 2 - 3 - 4 - 5. And in the euro 1 - 2 - 3 - 4 - 5 - 6. {image} {image}
Or 1 - 2 - 3 and 1 - 2 - 3 - 4 ...

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 99 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,544
  • Jul 16, 2013 7:44am Jul 16, 2013 7:44am
Quoting infinitus
{quote} I answered this morning with: time (since you are a Gann trader) Was it the right answer?
The correct answer is...

Benny hasn't blown his horn yet so the market is complacent. Wait till tomorrow.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,545
  • Jul 16, 2013 7:53am Jul 16, 2013 7:53am
That the euro attacking the top and cable kept it low means something. What?
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,546
  • Jul 16, 2013 7:55am Jul 16, 2013 7:55am
Quoting godim
That the euro attacking the top and cable kept it low means something. What?
If there was an attack on the top, right. Both pairs. But now? Something is wrong here.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,547
  • Jul 16, 2013 7:55am Jul 16, 2013 7:55am
Quoting godim
That the euro attacking the top and cable kept it low means something. What?

It means that the Pound is weaker than USD, and USD is weaker than EURO



come on, Godim, help me :-)
  • #1,548
  • Jul 16, 2013 7:56am Jul 16, 2013 7:56am
Quoting godim
That the euro attacking the top and cable kept it low means something. What?
A. There was cable specific data this morning
B. Eur/Gbp is in an uptrend
C. All of the above

I'll answer C
  • #1,549
  • Jul 16, 2013 7:58am Jul 16, 2013 7:58am
Quoting infinitus
{quote} It means that the Pound is weaker than USD, and USD is weaker than EURO come on, Godim, help me :-)

I hate this correlation plays :-)
  • #1,550
  • Jul 16, 2013 8:02am Jul 16, 2013 8:02am
I have stopping volume on 5, 15 and 60min.

4h candle has to run for around 4h now


means down?
  • #1,551
  • Jul 16, 2013 8:05am Jul 16, 2013 8:05am
Quoting godim
That the euro attacking the top and cable kept it low means something. What?
The EUR/USD is a proxy for risk. Why? Because the Euro represents 17 countries and the GBP only represents one.
Therefore, the Euro usually rallies when the Equity indices rally.

There are only two things that make the Euro go down
1. Bad news from Eurozone that effects the entire Eurozone or at least most of the EZ members.
2. Good news from the US that is not good for the Eurozone.

There are many things that make the Euro go up. Some of them are...
1. Good news from one Eurozone nation no matter how bad the others are.
2. Good news from the US that is also good for the EuroZone.
3. Bad news from the US no matter if it is good for the Eurozone or not
4. An EU commissioner or EZ Finance Minister says "All is good in Eurozone. We have a deal to make a deal"
5. Bad news in the UK (or any other country) as long as it does not trigger a risk-off sentiment.
6. Mario Draghi farts.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,552
  • Jul 16, 2013 8:10am Jul 16, 2013 8:10am
Quoting PipTrapper
{quote} The EUR/USD is a proxy for risk. Why? Because the Euro represents 17 countries and the GBP only represents one. Therefore, the Euro usually rallies when the Equity indices rally. There are only two things that make the Euro go down 1. Bad news from Eurozone that effects the entire Eurozone or at least most of the EZ members. 2. Good news from the US that is not good for the Eurozone. There are many things that make the Euro go up. Some of them are... 1. Good news from one Eurozone nation no matter how bad the others are. 2. Good news from...

  • #1,553
  • Jul 16, 2013 8:19am Jul 16, 2013 8:19am
I'm not hanging around for another boring session. It's more fun watching grass grow.

The wife and I are heading out to the beach.

I'll be back later to see if the markets are still alive.

The real action will come back tomorrow when Bernanke testifies.

Beach... here I come

Attached Image


Wife will be face down tanning her back.
I will be face up watching the view
Those who say it cannot be done should not interrupt those who are doing it
  • #1,554
  • Jul 16, 2013 8:26am Jul 16, 2013 8:26am
Quoting BoringIsGood
{quote} A. There was cable specific data this morning B. Eur/Gbp is in an uptrend C. All of the above I'll answer C
I do not know the answers. Just ask the questions.

No Gann for gbp/eur.
Quoting gatorinla
if anyone can find a reason to L the eg 8713 is a target, 8518 atm, close to 8465 is the better r/r
Attached Image (click to enlarge)
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The options are:
Euro falls faster than cable.
Euro falls while growing cable
Euro grows slower than cable
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,555
  • Jul 16, 2013 8:26am Jul 16, 2013 8:26am
Quoting PipTrapper
I'm not hanging around for another boring session. It's more fun watching grass grow. The wife and I are heading out to the beach. I'll be back later to see if the markets are still alive. The real action will come back tomorrow when Bernanke testifies. Beach... here I come {image} Wife will be face down tanning her back. I will be face up watching the view

I would get too excited for that
  • #1,556
  • Jul 16, 2013 8:27am Jul 16, 2013 8:27am
Quoting PipTrapper
{quote} Surely that is a typo and you meant 2080 Anyway, can you give a reasoning behind your view that 4080 is more likely than 2080... or 2480? Much appreciated.
Quite likely, just some swing points which i have based on some fibo levels, on downside i have more 2530 in mind
  • #1,557
  • Jul 16, 2013 8:27am Jul 16, 2013 8:27am
Are we tracing out a megaphone pattern?
  • #1,558
  • Jul 16, 2013 9:59am Jul 16, 2013 9:59am
Cable back in the game of bulls.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 98 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #1,559
  • Jul 16, 2013 10:13am Jul 16, 2013 10:13am
Quoting godim
Cable back in the game of bulls. {image}

what a fight today (the whole week)
  • #1,560
  • Jul 16, 2013 10:32am Jul 16, 2013 10:32am
Quoting infinitus
{quote} what a fight today (the whole week)
The breakthrough can happen. Do not wait for tomorrow.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 64 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
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