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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #2,481
  • Jul 26, 2013 9:33am Jul 26, 2013 9:33am
Quoting PipTrapper
US consumer sentiment jumps to six-year high and that causes the USD to tank even further. Now if that isn't enough proof that cycles (waves) have to complete no matter what the economic data says, I don't know what is.
I don't know who in the US that they survey to get those numbers, but whoever they are don't look at the whole debt that the US is in!!
  • #2,482
  • Jul 26, 2013 9:42am Jul 26, 2013 9:42am
Quoting bzzz
Good morning,afternoon,evening whatever...peace and pips be upon all of u took a sneaky s on eur/jpy at 131.90
hi all,hope you're all fine,peace and pips be upon all of u
that was a nice call,i've made my week,but still running
i'll b looking to long around 129.40
better be not enough salt than too much salt
  • #2,483
  • Jul 26, 2013 9:45am Jul 26, 2013 9:45am
Quoting MeInGraySuit
{quote} I don't know who in the US that they survey to get those numbers, but whoever they are don't look at the whole debt that the US is in!!
For the purpose of this report, it doesn't really matter what they look at. What matters is what they think.

In fact if every citizen of every country were to look deep into their state finances and base their confidence on their findings, the whole global economy would grind to a halt.

Ignorance is bliss
Those who say it cannot be done should not interrupt those who are doing it
  • #2,484
  • Jul 26, 2013 9:45am Jul 26, 2013 9:45am
Quoting bzzz
{quote} hi all,hope you're all fine,peace and pips be upon all of u that was a nice call,i've made my week,but still running i'll b looking to long around 129.40

  • #2,485
  • Jul 26, 2013 9:46am Jul 26, 2013 9:46am
Quoting bzzz
{quote} hi all,hope you're all fine,peace and pips be upon all of u that was a nice call,i've made my week,but still running i'll b looking to long around 129.40
Yes that was an excellent call buzz. Congrats
Those who say it cannot be done should not interrupt those who are doing it
  • #2,486
  • Jul 26, 2013 9:51am Jul 26, 2013 9:51am
Quoting infinitus
{quote}
thank you master,but i miss the one i've mentionned before on USD/CAD at 1.0254
it touched the MML to the pip,i hope i will get another chance,i was not in front of my screen and i didn't set a buy order
better be not enough salt than too much salt
  • #2,487
  • Jul 26, 2013 9:56am Jul 26, 2013 9:56am
Quoting PipTrapper
Not that it would necessarily have a profound effect on the USD crosses, but considering that many US corporates, although showing great EPS, are falling short of revenue expectations, the equity markets might be setting themselves up for a deeper correction than the pitiful one we had in June. Being a Friday, an end of day sell-off is definitely not out of the question, especially with some risk events on next week's roster of data releases, plus the fact that month end is only a few days away. Therefore, IMO, those who got on the pumponomics bandwagon...
Not looking good for equities.
A close at or below these levels gives us an outside day reversal signal.
I feel bad for the pumponomics band wagon, but that feeling is overcome by the potential of a triple win for me

Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #2,488
  • Jul 26, 2013 9:58am Jul 26, 2013 9:58am
Quoting bzzz
{quote} thank you master,but i miss the one i've mentionned before on USD/CAD at 1.0254 it touched the MML to the pip,i hope i will get another chance,i was not in front of my screen and i didn't set a buy order
Don't worry about the CAD Buzz. There will be plenty of time to get in.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,489
  • Jul 26, 2013 10:00am Jul 26, 2013 10:00am
Not convinced of any upside right now in EU for the rest of the day
  • #2,490
  • Jul 26, 2013 10:01am Jul 26, 2013 10:01am
Quoting PipTrapper
{quote} Yes that was an excellent call buzz. Congrats
thank you PipTrapper,still learning from all of you masters
the road is full of thorns
better be not enough salt than too much salt
  • #2,491
  • Jul 26, 2013 10:03am Jul 26, 2013 10:03am
Quoting PipTrapper
{quote} Not looking good for equities. A close at or below these levels gives us an outside day reversal signal. I feel bad for the pumponomics band wagon, but that feeling is overcome by the potential of a triple win for me {image}

if 1672 goes (weak), 1655 has to hold. If not, most likely below last low @ 1562
  • #2,492
  • Jul 26, 2013 10:05am Jul 26, 2013 10:05am
Waiting for the 3rd of 3rd of 3rd....everytime I think we are starting the wave turns out to be corrective! Frustrating!
  • #2,493
  • Jul 26, 2013 10:16am Jul 26, 2013 10:16am
Quoting MeInGraySuit
Waiting for the 3rd of 3rd of 3rd....everytime I think we are starting the wave turns out to be corrective! Frustrating!
How do you say FRUSTRATING in German....frustrierend!
  • #2,494
  • Jul 26, 2013 10:22am Jul 26, 2013 10:22am
Quoting MeInGraySuit
{quote} How do you say FRUSTRATING in German....frustrierend!
es ist ein "pissoff"
Those who say it cannot be done should not interrupt those who are doing it
  • #2,495
  • Jul 26, 2013 10:25am Jul 26, 2013 10:25am
Quoting infinitus
{quote} if 1672 goes (weak), 1655 has to hold. If not, most likely below last low @ 1562
I wish it would just get on with it.
What the hell are they waiting for? Armageddon?
The sooner they get the much needed significant correction out of the way, the sooner the markets can look a bit healthier for them.
The more they delay, the higher degree of panic there will be when reality strikes.

We don't want panic.. Just an orderly decline in the index.
When panic strikes, Benny tends to start up the printing presses again... and that I certainly do not want.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,496
  • Jul 26, 2013 10:38am Jul 26, 2013 10:38am
Quoting infinitus
Not convinced of any upside right now in EU for the rest of the day
Most of us were not convinced of any upside when the Euro was at 1.2810, and look what happened.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,497
  • Jul 26, 2013 10:43am Jul 26, 2013 10:43am
Bollinger Bands pinching hard on the hourly...but what does that mean up or down?
  • #2,498
  • Jul 26, 2013 10:55am Jul 26, 2013 10:55am
Quoting MeInGraySuit
Bollinger Bands pinching hard on the hourly...but what does that mean up or down?
It means volume is dying off for the week, and on that note I'm taking a break.
It's almost 6pm here so I'm heading out for a while
Will check back in later.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,499
  • Jul 26, 2013 11:37am Jul 26, 2013 11:37am
Quoting PipTrapper
{quote} es ist ein "pissoff"

  • #2,500
  • Jul 26, 2013 11:40am Jul 26, 2013 11:40am
Quoting PipTrapper
{quote} I wish it would just get on with it. What the hell are they waiting for? Armageddon? The sooner they get the much needed significant correction out of the way, the sooner the markets can look a bit healthier for them. The more they delay, the higher degree of panic there will be when reality strikes. We don't want panic.. Just an orderly decline in the index. When panic strikes, Benny tends to start up the printing presses again... and that I certainly do not want.

Best for my shorts would be an "orderly" decline, step by step, each day half a % or so, over the next few years LOL

Sub 600, here we come
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