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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #3,441
  • Aug 6, 2013 1:31am Aug 6, 2013 1:31am
Quoting milam
{quote} why prices are going up, if they cut the rate? Pip, this is your field.... please articulate as much as you like if you wish.
The rate cut was obviously fully priced in already.
So now it is time to take some profits.
Besides all that, the AUD was overdue for a technical correction anyway.
The only difference is that the rate cut will limit the correction.
If they didn't cut rates, we would be up at 91xx already and making our way higher.
Those who say it cannot be done should not interrupt those who are doing it
  • #3,442
  • Aug 6, 2013 1:33am Aug 6, 2013 1:33am
GJ, a bullish flag on the 5m
Wherever you go, there you are.
  • #3,443
  • Aug 6, 2013 1:43am Aug 6, 2013 1:43am
Quoting PipTrapper
{quote} The rate cut was obviously fully priced in already. So now it is time to take some profits. Besides all that, the AUD was overdue for a technical correction anyway. The only difference is that the rate cut will limit the correction. If they didn't cut rates, we would be up at 91xx already and making our way higher.
thank you.

EDIT: all in the candle.
Wherever you go, there you are.
  • #3,444
  • Aug 6, 2013 2:09am Aug 6, 2013 2:09am
Quoting milam
GJ, a bullish flag on the 5m
Trade completed, risked 18.1 pips (1%) and made 17.7 pips.

" 1% a day keeps the doctor away and the Bugatti very near" just kidding.

I will be happy to show my analysis if requested.
Wherever you go, there you are.
  • #3,445
  • Aug 6, 2013 2:24am Aug 6, 2013 2:24am
Quoting Forexcube
EURJPY, H1, 2013 August 05 EURJPY, H4, 2013 August 05 Long @ 130.32 (mS1), Target @ 131.43 (DPV) {image} {image}
Hi FxCube,

If you like to share I'd like to know how you deal with the daily pivotal value change. For example the above trade taken on 1h/4h TF, the targets could be achieved during today or next days. You set the tp to DPV but today's DPV changed. So in case of this EJ trade, do you just set the TP to that day's DPV and forget about it or you change it every day?

Thank you in advance for your reply!
  • #3,446
  • Aug 6, 2013 2:24am Aug 6, 2013 2:24am
Quoting PipTrapper
{quote} Careful Zyggy. RBA rate decision and statement tonight... Monetary policy statement on Friday. Mind you, since the AUD is losing so much value all by itself, I feel the RBA may decide to leave rates unchanged this time around. Also, since the AUD is probably falling because the market is front running a rate cut, if there is no rate cut, we should see 91xx very easily. However, if they cut rates tonight, then it should keep falling more. I am flat on AUD/USD, but I do have long positions on AUD/NZD on the premise that AUD will rally before...
Thank you PT. I closed it at 0.8980 (+ 70 pips).
Price comes first; fundamentals come second
  • #3,447
  • Aug 6, 2013 2:33am Aug 6, 2013 2:33am
Quoting PipTrapper
{quote} The rate cut was obviously fully priced in already. So now it is time to take some profits. Besides all that, the AUD was overdue for a technical correction anyway. The only difference is that the rate cut will limit the correction. If they didn't cut rates, we would be up at 91xx already and making our way higher.

Good morning friends,


hope you all had a nice night, evening, day, morning :-)


Where are the pips today?


BTW: feeling silly for not taking the long AU yesterday
  • #3,448
  • Aug 6, 2013 2:35am Aug 6, 2013 2:35am
Quoting kaka_ht
{quote} Maybe is this possible count? {image}

that is good now :-)
  • #3,449
  • Aug 6, 2013 2:36am Aug 6, 2013 2:36am
Quoting infinitus
{quote} that is good now :-)

but also look at Schickerias count - that is a valid alternative, too.

He has us in wave 4 of C of 2
  • #3,450
  • Aug 6, 2013 2:43am Aug 6, 2013 2:43am
Quoting infinitus
{quote} Good morning friends, hope you all had a nice night, evening, day, morning :-) Where are the pips today? BTW: feeling silly for not taking the long AU yesterday
In Zyggy's pocket
Those who say it cannot be done should not interrupt those who are doing it
  • #3,451
  • Aug 6, 2013 2:43am Aug 6, 2013 2:43am
Good morning everyone
Those who say it cannot be done should not interrupt those who are doing it
  • #3,452
  • Aug 6, 2013 2:51am Aug 6, 2013 2:51am
Quoting Zyggy
{quote} Thank you PT. I closed it at 0.8980 (+ 70 pips).
Nice one, How many pips did you risk?
Wherever you go, there you are.
  • #3,453
  • Aug 6, 2013 2:53am Aug 6, 2013 2:53am
EuroCad is looking good
Wherever you go, there you are.
  • #3,454
  • Aug 6, 2013 3:03am Aug 6, 2013 3:03am
Quoting infinitus
{quote} but also look at Schickerias count - that is a valid alternative, too. He has us in wave 4 of C of 2
Time will tell us!
Anyway,do u still hold your short position last night?
  • #3,455
  • Aug 6, 2013 3:06am Aug 6, 2013 3:06am
Quoting milam
{quote} Nice one, How many pips did you risk?

50
Price comes first; fundamentals come second
  • #3,456
  • Aug 6, 2013 3:06am Aug 6, 2013 3:06am
hi . anyone short on usd/jpy ?
  • #3,457
  • Aug 6, 2013 3:10am Aug 6, 2013 3:10am
Quoting Zyggy
{quote} 50
Wherever you go, there you are.
  • #3,458
  • Aug 6, 2013 3:10am Aug 6, 2013 3:10am
Quoting sharif_pc
hi . anyone short on usd/jpy ?
not yet, but I am looking
Wherever you go, there you are.
  • #3,459
  • Aug 6, 2013 3:12am Aug 6, 2013 3:12am
Quoting kaka_ht
{quote} Time will tell us! Anyway,do u still hold your short position last night?

would I have been awake at the time given I would have cleared them this morning around 3245, but I slept like a baby :-)


Yes, I have them - risk is now 3275 (can you remember me saying yesterday, that 3275 would be ideal) and 3306
  • #3,460
  • Aug 6, 2013 3:52am Aug 6, 2013 3:52am
GU looks a bit of toppish right now, doesn't it?
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