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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #3,961
  • Aug 8, 2013 2:25pm Aug 8, 2013 2:25pm
Audjpy again . Reentered long @ 87.50. On Weekly a nice pinbar/doji right on 61.8 fibo and 4/8 MML. On Daily - engulfing candle. All CCI on all TF show uptrend.
Edit: EW is not my favorite tool. However, on weekly, it seems we have 5 waves down.
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Price comes first; fundamentals come second
  • #3,962
  • Aug 8, 2013 3:44pm Aug 8, 2013 3:44pm
Quoting Schickeria
{quote} here milam Sell @ 3377 or splitt your trade in 3 sell positons (if we reach today) 3379 3377 3375 min TP 10 Pips or 1% {image}
Schick,

Thank for the tip, but I stooped working after that post, did not feel very well.......
Wherever you go, there you are.
  • #3,963
  • Aug 8, 2013 4:05pm Aug 8, 2013 4:05pm
Good reading.
Wherever you go, there you are.
  • #3,964
  • Aug 8, 2013 5:06pm Aug 8, 2013 5:06pm
Something I found in one of my many daily emails. Gave me a chuckle so I thought I would share it.

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #3,965
  • Aug 8, 2013 5:14pm Aug 8, 2013 5:14pm
Quoting PipTrapper
Something I found in one of my many daily emails. Gave me a chuckle so I thought I would share it. {image}
LOL.

He did not grasp the MM concept. I think he needs to do it now though.
Wherever you go, there you are.
  • #3,966
  • Aug 8, 2013 5:23pm Aug 8, 2013 5:23pm
i think we will see 1.3520 this month.. would not short.. temporary support is 3310. if i can get an entry near there i will target 3435
  • #3,967
  • Aug 8, 2013 6:03pm Aug 8, 2013 6:03pm
Quoting jaylovin
i think we will see 1.3520 this month.. would not short.. temporary support is 3310. if i can get an entry near there i will target 3435
Haa. It's funny you say that because I was just about to post a quick and dirty analysis on where I think we are heading this month as a next major target and why. See next port.
Those who say it cannot be done should not interrupt those who are doing it
  • #3,968
  • Aug 8, 2013 6:17pm Aug 8, 2013 6:17pm
Quoting jaylovin
i think we will see 1.3520 this month.. would not short.. temporary support is 3310. if i can get an entry near there i will target 3435
I'm with you near 1.3310 and 1.3435 but where do you get 1.3520? I figure that a clear break of 1.3450 and it's just a matter of time until a 100% wave 2 retracement to the low 1.37xx's. Also confluent with the 161.8 expansion of the A wave, 1.2755-1.3205
  • #3,969
  • Aug 8, 2013 6:44pm Aug 8, 2013 6:44pm
some scalps
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  • #3,970
  • Aug 8, 2013 6:47pm Aug 8, 2013 6:47pm
Quoting Schickeria
some scalps {image}
Nice 1.33996 fill. What was your platform's high?
  • #3,971
  • Aug 8, 2013 6:50pm Aug 8, 2013 6:50pm
Quoting milam
{quote} Schick, Thank for the tip, but I stooped working after that post, did not feel very well.......
hi milam,

dont't frorget if you a part of my analyses - you should earn money. look @ my last post, im stil short @ 1.3374 - but we should see 1.3369 as target and green pips.

please be care of your money management and your leverage.
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  • #3,972
  • Aug 8, 2013 6:53pm Aug 8, 2013 6:53pm
Dammit. I had a whole long analysis typed up and I clicked a link by mistake and lost it all.

So, screw the analysis. I'll just post the charts with a quick and dirty run through

What I am doing here is basically trying to pick a top.

The retails traders are still piling into Euro shorts and until they capitulate, this sucker will keep rising. So... when do we reverse?
The following is a case for reversing around the 3500 mark. If price blows past that level also, then it's back to the drawing board, but till then, this is it.

Monthly. Next upside target is 1.3500 area
1. Lots of room below parity
2. Descending triangle
3. Next resistance is falling TL, 50% fibo, supply zone
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Weekly. Next upside target is 1.3500 area
1. Same falling trend line resistance
2. Weekly 50% fibo is 1.3490 so pretty much the same area
3. Also weekly supply zone starts there.
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Daily. Next upside target is 1.3500 area
1. Same falling trend line
2. Daily 78.6% fibo is 1.3503... also in the same area
3. Daily supply zone stretches from 1.3440 to 1.3520
4. Rising wedge also completely contracts in that same price zone.
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H4. Guess what? Same price target... 1.3500 area
1. Same falling trend line
2. Same rising wedge
3. Similar supply zone
4. H4 113% fibo level at 1.3504
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and there you have it. Quick and dirty.

It's really too bad my long winded analysis got blown away. I went into great length about how a certain state of mind can complicate trading too much.

Anyway, thank my laziness for not having you go through the agony of my diatribe
Those who say it cannot be done should not interrupt those who are doing it
  • #3,973
  • Aug 8, 2013 7:06pm Aug 8, 2013 7:06pm
Quoting PipTrapper
I'll just post the charts with a quick and dirty run through
My eyes were skipping right over the february weekly tweezers at the monthly 50%. Must be tired....

I appreciate the analysis to contemplate.
  • #3,974
  • Aug 8, 2013 7:09pm Aug 8, 2013 7:09pm
Quoting BoringIsGood
{quote} Nice 1.33996 fill. What was your platform's high?
hi mate

1.34003 was my high - and i have a short @ 1.33996 at my broker
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  • #3,975
  • Aug 8, 2013 7:15pm Aug 8, 2013 7:15pm
Quoting BoringIsGood
{quote} My eyes were skipping right over the february weekly tweezers at the monthly 50%. Must be tired.... I appreciate the analysis to contemplate.
Ha!! Those are not just any ordinary tweezers. They are "3 Outside Down"s. Very powerful.

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Those who say it cannot be done should not interrupt those who are doing it
  • #3,976
  • Aug 8, 2013 7:46pm Aug 8, 2013 7:46pm
another long on USDJPY

+ 83 Pips

I don't posted it- while trading from handy - and i'm not in the office.
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  • #3,977
  • Aug 8, 2013 7:57pm Aug 8, 2013 7:57pm
Quoting Schickeria
{quote} hi milam, dont't frorget if you a part of my analyses - you should earn money. look @ my last post, im stil short @ 1.3374 - but we should see 1.3369 as target and green pips. please be care of your money management and your leverage. {image}
Hi Schick

That is nice of you, but I need to make decisions for myself.

Of course I will monitor the Club members and yourself.

My own system is a bit different than yours, I am looking to make only 1 to 2 trades a day and sometimes I have none, but I am intrigued by yours and Cube style and I intend to incorporate it in my overall strategy.

Yes I have also 3369.

milam
Wherever you go, there you are.
  • #3,978
  • Aug 8, 2013 8:06pm Aug 8, 2013 8:06pm
Quoting PipTrapper
I went into great length about how a certain state of mind can complicate trading too much. Anyway, thank my laziness for not having you go through the agony of my diatribe
Thank's for sharing.
Wherever you go, there you are.
  • #3,979
  • Aug 8, 2013 8:12pm Aug 8, 2013 8:12pm
Quoting Schickeria
another long on USDJPY + 83 Pips I don't posted it- while trading from handy - and i'm not in the office. {image}
first up TP than down

+35 Pips TP

on USD JYP

sorry for no postin - i'm drinking beer and trading......
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  • #3,980
  • Aug 8, 2013 8:17pm Aug 8, 2013 8:17pm
email .... to some trader here

morob @ mad russian please send me your email.

thanx
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