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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #3,321
  • Aug 5, 2013 4:06am Aug 5, 2013 4:06am
Quoting godim
{quote} You know what's interesting to me? Many people are interested in Gann and the relationship with his son and other such things. And this is why these people do not use the methods of Gann. While as Fibonacci never seen the exchange. But most use Fibo. One method or working or not. The fate of the author is irrelevant.
Well that tells it all, does it? You want to see what the majority sees, otherwise you trade goes no where.
Wherever you go, there you are.
  • #3,322
  • Aug 5, 2013 4:08am Aug 5, 2013 4:08am
Quoting infinitus
{quote} Hi PT, you have to rething the labeling inside the triangle. A triangle consists out of ABC-moves, wherea your triangle has only impulses. The result is the same - but the labeling is wrong :nerd:
I was never good at counting sub-waves inside a corrective wave. Work in progress.
Those who say it cannot be done should not interrupt those who are doing it
  • #3,323
  • Aug 5, 2013 4:09am Aug 5, 2013 4:09am
Quoting infinitus
{quote} Hmmmm 60m length - people, is that enough for our Club-house?
It will just do.
  • #3,324
  • Aug 5, 2013 4:09am Aug 5, 2013 4:09am
Quoting milam
{quote} Prices went through just like butter and bounced from the confluence of 100 and 200 sma on the 5m tf
The market rallied today because the data didn't suck quite as much as was anticipated

Attached Image (click to enlarge)
Click to Enlarge Name: Forex Factory.png Size: 52 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #3,325
  • Aug 5, 2013 4:09am Aug 5, 2013 4:09am
Quoting milam
{quote} Prices went through just like butter and bounced from the confluence of 100 and 200 sma on the 5m tf
Also a 61.8 retracement of the 4h candle
Wherever you go, there you are.
  • #3,326
  • Aug 5, 2013 4:11am Aug 5, 2013 4:11am
Quoting PipTrapper
{quote} The market rallied today because the data didn't suck quite as much as was anticipated {image}
Wherever you go, there you are.
  • #3,327
  • Aug 5, 2013 4:12am Aug 5, 2013 4:12am
Quoting PipTrapper
{quote} I guess that tells us that the indies of the day are MAs ?
It depends. I use 55 and 200 EMAs on all TF. When either one "coincides" (diverges) with a EW or MM level, coupled with overbought/sold CCI and RSI, the probability of reversing is maximized. I try to sideline myself when none of these signals shows up. This is what makes this thread valuable....everyone's input can be used to come up with a more concrete analysis and conclusion.
Lost....
  • #3,328
  • Aug 5, 2013 4:17am Aug 5, 2013 4:17am
Quoting PipTrapper
{quote} The market rallied today because the data didn't suck quite as much as was anticipated {image}
Also, look at the completed weekly candle, it is a large doji, seem market it is not sure where to go, still has made an HL and HH.
Could be a ranging week swinging from top to bottom or could break in one direction just for a trap and go in the opposite one. Would be interesting to see how goes.
Wherever you go, there you are.
  • #3,329
  • Aug 5, 2013 4:20am Aug 5, 2013 4:20am
Quoting gespiri
{quote} It depends. I use 55 and 200 EMAs on all TF. When either one "coincides" (diverges) with a EW or MM level, coupled with overbought/sold CCI and RSI, the probability of reversing is maximized. I try to sideline myself when none of these signals shows up. This is what makes this thread valuable....everyone's input can be used to come up with a more concrete analysis and conclusion.

two years ago I did extensive back test of EMA's


the most reliable ones were

EMA

21
40
120
234
  • #3,330
  • Aug 5, 2013 4:25am Aug 5, 2013 4:25am
Quoting PipTrapper
{quote} I guess that tells us that the indies of the day are MAs ?
No.

Our commons sense would, our flair.

When prices react at whatever you use: ma's, fibo, fundie, astrology, vibration, el, we take our chance if what we gain is at least what we risk, of course a confluence will help, because it will tell us that we are not the only one seeing and entering in that direction.
Wherever you go, there you are.
  • #3,331
  • Aug 5, 2013 4:26am Aug 5, 2013 4:26am
Maybe we see some more small push higher. We may be in a small ending diagonal. 3306 would be ideal target.
  • #3,332
  • Aug 5, 2013 4:29am Aug 5, 2013 4:29am
Quoting milam
{quote} No. Our commons sense would, our flair. When prices react at whatever you use: ma's, fibo, fundie, astrology, vibration, el, we take our chance if what we gain is at least what we risk, of course a confluence will help, because it will tell us that we are not the only one seeing and entering in that direction.

The problem with all tools in Forex is:

we will never know for sure, if a retracement at a certain level was coincidence or not. Sometimes we are for a longer period of time on the receiving end of the tail, another time on the giving end of the tail LOL
  • #3,333
  • Aug 5, 2013 4:30am Aug 5, 2013 4:30am
Quoting infinitus
{quote} two years ago I did extensive back test of EMA's the most reliable ones were EMA 21 40 120 234
Thanks, Fini! When you speak, I listen. I'll check those out.

Daily on cable shows 1.5413 as target but not 100% sure. Godim's chart shows 1.5376. The CCI shows extremely overbought levels in hourly chart. Decisions, decisions......

I'm using a web-based app here at work so I'm basically blind during the day since it has no analytical tools.
Lost....
  • #3,334
  • Aug 5, 2013 4:30am Aug 5, 2013 4:30am
Quoting PipTrapper
{quote} It already completed it in June {image}
Quoting godim
{quote} Well. One question from me. Let us assume that the the current target is down. Just to assume. Scenario A or Scenario B without any difference. Why is the price not go below 5091 and even rose above 5266? Why? {image} I accept the market for a logical and consistent. And for me the logical continuation of this movement is new UpTrend. For the euro. Could seek support from 3134, but it can go on without her. Even the return of seeking to support is appropriate to be interpreted as a weakness of bulls. Let's put this possibility (new UpTrend)...
Yes. Here the market is logical and consistent. There is an attack to a new UpTrend.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 105 KB

Incidentally to the second objective remains only 1 pip.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #3,335
  • Aug 5, 2013 4:31am Aug 5, 2013 4:31am
Quoting infinitus
{quote} Hi PT, you have to rething the labeling inside the triangle. A triangle consists out of ABC-moves, wherea your triangle has only impulses. The result is the same - but the labeling is wrong :nerd:
Better?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 84 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #3,336
  • Aug 5, 2013 4:32am Aug 5, 2013 4:32am
Quoting infinitus
{quote} Hmmmm 60m length - people, is that enough for our Club-house?

shuld be a nice party with naked dancing girls and sooooo much alcohol. that is schickeria's live. But i think i need first a new PC.

My trading PC is striking - i don't know what is she's problem. hmmmm.... to hot ????
  • #3,337
  • Aug 5, 2013 4:34am Aug 5, 2013 4:34am
Quoting milam
{quote} Also, look at the completed weekly candle, it is a large doji, seem market it is not sure where to go, still has made an HL and HH. Could be a ranging week swinging from top to bottom or could break in one direction just for a trap and go in the opposite one. Would be interesting to see how goes.
Typical August. It's just as bad as December. Nobody wants to work. Bring on the 60m boat
Those who say it cannot be done should not interrupt those who are doing it
  • #3,338
  • Aug 5, 2013 4:35am Aug 5, 2013 4:35am
Quoting Schickeria
{quote} shuld be a nice party with naked dancing girls and sooooo much alcohol. that is schickeria's live. But i think i need first a new PC. My trading PC is striking - i don't know what is she's problem. hmmmm.... to hot ????

Maybe you try an alcohol cooled computer design?
  • #3,339
  • Aug 5, 2013 4:35am Aug 5, 2013 4:35am
Quoting PipTrapper
{quote} Better? {image}

What a beauty!!!
  • #3,340
  • Aug 5, 2013 4:38am Aug 5, 2013 4:38am
But Schickeria has a nice wife. So we have to bring him below the deck while the girls are dancing


Quoting Schickeria
{quote} shuld be a nice party with naked dancing girls and sooooo much alcohol. that is schickeria's live. But i think i need first a new PC. My trading PC is striking - i don't know what is she's problem. hmmmm.... to hot ????
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