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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #2,261
  • Jul 24, 2013 11:46pm Jul 24, 2013 11:46pm
Quoting godim
Well. Promised graphics. eur/usd H4 {image} gbp/usd H4 {image}
Right on the money if I read your cable chart correctly, Godim. The 1.5259 - 1.5263 level is sitting at the 200EMA on the hourly....I'm expecting either a 20-50pip bounce there or a continuation of an uptrend to 1.5525 maybe (but this with less probability).
Lost....
  • #2,262
  • Jul 24, 2013 11:54pm Jul 24, 2013 11:54pm
With many questions.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #2,263
  • Jul 24, 2013 11:58pm Jul 24, 2013 11:58pm
Quoting gespiri
{quote} Right on the money if I read your cable chart correctly, Godim. The 1.5259 - 1.5263 level is sitting at the 200EMA on the hourly....I'm expecting either a 20-50pip bounce there or a continuation of an uptrend to 1.5525 maybe (but this with less probability).
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #2,264
  • Jul 25, 2013 12:14am Jul 25, 2013 12:14am
good morning.

I think 3225 and 3240 are good to short and 3185 for long, if Pa confirms.
Wherever you go, there you are.
  • #2,265
  • Jul 25, 2013 12:28am Jul 25, 2013 12:28am
Quoting milam
good morning. I think 3225 and 3240 are good to short and 3185 for long, if Pa confirms.

Hi Milam, good morning :-)


My thinking is, right now, that yesterdays high might have ended the consolidation, and we are now back on the downsloping track.

But right now we are back in an upsloping correction. 3225 to 3240 would be nice targets. Question after that is:

does the correction ends here, or is it only wave A of a bit broader correction. If broader correction, then I too would look in the 3180-3190 range for another leg up, which then again could end in the 3240 region.

Catch you all later,

green pips ti you,



Markus
  • #2,266
  • Jul 25, 2013 12:38am Jul 25, 2013 12:38am
Quoting infinitus
{quote} Hi Milam, good morning :-) My thinking is, right now, that yesterdays high might have ended the consolidation, and we are now back on the downsloping track. But right now we are back in an upsloping correction. 3225 to 3240 would be nice targets. Question after that is: does the correction ends here, or is it only wave A of a bit broader correction. If broader correction, then I too would look in the 3180-3190 range for another leg up, which then again could end in the 3240 region. Catch you...
On a daily chart still only UpSwing 500 pips in 11 days. With the probability of reverse around 75.5%.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #2,267
  • Jul 25, 2013 12:45am Jul 25, 2013 12:45am
The H4 chart has DownTrend and UpSwing. Buy signal if and when the current H4 bar close above 3207 (Hi).
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #2,268
  • Jul 25, 2013 12:52am Jul 25, 2013 12:52am
Quoting godim
The H4 chart has DownTrend and UpSwing. Buy signal if and when the current H4 bar close above 3207 (Hi). {image}
Of course that all depends on your broker's time zone. Some H4 bars have already closed and some will close in a few minutes while others will close in an hour.

BTW... Good morning to all
Those who say it cannot be done should not interrupt those who are doing it
  • #2,269
  • Jul 25, 2013 12:58am Jul 25, 2013 12:58am
Quoting infinitus
{quote} Hi Milam, good morning :-) My thinking is, right now, that yesterdays high might have ended the consolidation, and we are now back on the downsloping track. But right now we are back in an upsloping correction. 3225 to 3240 would be nice targets. Question after that is: does the correction ends here, or is it only wave A of a bit broader correction. If broader correction, then I too would look in the 3180-3190 range for another leg up, which then again could end in the 3240 region. Catch you all later, green pips ti you, Markus
Good morning Markus.

This is what I see, yesterday higher prices have been rejected and formed a range bar, not clear direction, could just be a pause, bulls want to buy value at a cheaper price, bears need more confirmation.

The weekly bar shows bulls are in still in control and prices could be very much in the direction of the medium level 1.3550, the monthly shows even more strength were bears cannot go below 2742 (long shadow).

To me it is a bull market until a weekly bar does not close below the 1.30, and it is important how it does it.

It did it 4 weeks ago just to trap the bears, as showed by the following week bar.

To me this is a bull market and my position trades will be entered only in that direction, but I will also be aware that prices need to go through heavy resistance determined by the last monthly candle which are 3240, 3317 and 3415.
Wherever you go, there you are.
  • #2,270
  • Jul 25, 2013 12:59am Jul 25, 2013 12:59am
Quoting PipTrapper
{quote} Of course that all depends on your broker's time zone. Some H4 bars have already closed and some will close in a few minutes while others will close in an hour. BTW... Good morning to all
That is true. But I have one advantage. Without any indicators sessions look like.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #2,271
  • Jul 25, 2013 1:02am Jul 25, 2013 1:02am
Quoting godim
{quote} That is true. But I have one advantage. Without any indicators sessions look like. {image}
Aha
Those who say it cannot be done should not interrupt those who are doing it
  • #2,272
  • Jul 25, 2013 1:07am Jul 25, 2013 1:07am
Quoting milam
good morning. I think 3225 and 3240 are good to short and 3185 for long, if Pa confirms.
3225 had something to say.
Wherever you go, there you are.
  • #2,273
  • Jul 25, 2013 1:41am Jul 25, 2013 1:41am
Did anybody get this move down?
Wherever you go, there you are.
  • #2,274
  • Jul 25, 2013 1:54am Jul 25, 2013 1:54am
Quoting morob
E/U 1H TF {image}
Missed so nice entry

45 minutes to late
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  • #2,275
  • Jul 25, 2013 1:55am Jul 25, 2013 1:55am
Quoting milam
Did anybody get this move down?
I did but I'm already in euro, cable and yen swing shorts.

G'morning thread
  • #2,276
  • Jul 25, 2013 2:00am Jul 25, 2013 2:00am
Quoting BoringIsGood
{quote} I did but I'm already in euro, cable and yen swing shorts. G'morning thread
Wherever you go, there you are.
  • #2,277
  • Jul 25, 2013 2:04am Jul 25, 2013 2:04am
Quoting godim
The H4 chart has DownTrend and UpSwing. Buy signal if and when the current H4 bar close above 3207 (Hi). {image}
DownTrend continues?
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #2,278
  • Jul 25, 2013 2:05am Jul 25, 2013 2:05am
Quoting morob
{quote} Missed so nice entry 45 minutes to late {image}
I was waiting for confirmation, it went too fast, I am too old.
Wherever you go, there you are.
  • #2,279
  • Jul 25, 2013 2:09am Jul 25, 2013 2:09am
Quoting milam
{quote} I was waiting for confirmation, it went too fast, I am too old.
It was nice entry with 1:3 RR

Working and trading not always go well.

Ahh well...

start to preparing new setup
  • #2,280
  • Jul 25, 2013 2:09am Jul 25, 2013 2:09am
Quoting godim
{quote} DownTrend continues? {image}
well, could be but 3185 and 3176 are good levels for bulls.
Wherever you go, there you are.
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