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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #4,581
  • Aug 15, 2013 10:24am Aug 15, 2013 10:24am
Quoting PipTrapper
{quote} and there she blows. Out at BE
Gonna jump back in at 1.32626 (61.8% of the meltdown)
Those who say it cannot be done should not interrupt those who are doing it
  • #4,582
  • Aug 15, 2013 10:30am Aug 15, 2013 10:30am
Quoting PipTrapper
{quote} and there she blows. Out at BE
CCI suggesting a top there now too. Short-term divergence in the uptrend. As much as I'd like to get in on that huge MACD signal, it's no longer overbought so I'll have to take my finger off the trigger.
  • #4,583
  • Aug 15, 2013 10:32am Aug 15, 2013 10:32am
Quoting Sober_Colm
{quote} CCI suggesting a top there now too. Short-term divergence in the uptrend. As much as I'd like to get in on that huge MACD signal, it's no longer overbought so I'll have to take my finger off the trigger.
Days like these can be quite frustrating due to low volume and no directional catalysts.
It's a pot luck market.
Those who say it cannot be done should not interrupt those who are doing it
  • #4,584
  • Aug 15, 2013 10:37am Aug 15, 2013 10:37am
Quoting PipTrapper
{quote} Gonna jump back in at 1.32626 (61.8% of the meltdown)
Added short at 1.3258
Those who say it cannot be done should not interrupt those who are doing it
  • #4,585
  • Aug 15, 2013 10:48am Aug 15, 2013 10:48am
Quoting PipTrapper
{quote} Gonna jump back in at 1.32626 (61.8% of the meltdown)
Oops. Misplaced fib tool. 61.8 is at 1.32694
Those who say it cannot be done should not interrupt those who are doing it
  • #4,586
  • Edited 12:05pm Aug 15, 2013 10:51am | Edited 12:05pm
Quoting PipTrapper
{quote} Oops. Misplaced fib tool. 61.8 is at 1.32694
anyway so now I have 2 new shorts
1.3258 and 1.3263
If this trade fails, it's a sign I should pack it in for the day

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Those who say it cannot be done should not interrupt those who are doing it
  • #4,587
  • Aug 15, 2013 12:23pm Aug 15, 2013 12:23pm
for the road
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  • #4,588
  • Aug 15, 2013 12:44pm Aug 15, 2013 12:44pm
GU Harmonic pattern on daily and 4h
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  • #4,589
  • Aug 15, 2013 12:46pm Aug 15, 2013 12:46pm
Quoting infinitus
GU Harmonic pattern on daily and 4h {image}

Been waiting on this one. Now giving it some time.

Quoting Mr. Scott
{quote} I am watching similar setup and waiting.... Daily chart so expect a little throwover, and could get those higher levels. {image}
The world you desire can be won. It exists.. it is real.. it is possible..
  • #4,590
  • Aug 15, 2013 12:57pm Aug 15, 2013 12:57pm
Quoting Mr. Scott
{quote} Been waiting on this one. Now giving it some time. {quote}
We discussed this yesterday and after that I placed a limit order at 1.5629.
Obviously it triggered so I'm in already.

Of course it came at a cost coz I got squeezed on my 3258 and 3263 E/U shorts with that low volume (understatement. More like no volume) stop hunt.
Managed to bag 130 pips fading it with 6 positions though.
Those who say it cannot be done should not interrupt those who are doing it
  • #4,591
  • Aug 15, 2013 1:00pm Aug 15, 2013 1:00pm
Quoting infinitus
GU Harmonic pattern on daily and 4h {image}
Are you still wearing your Euro shorts?
Those who say it cannot be done should not interrupt those who are doing it
  • #4,592
  • Aug 15, 2013 1:04pm Aug 15, 2013 1:04pm
Quoting PipTrapper
{quote} We discussed this yesterday and after that I placed a limit order at 1.5629. Obviously it triggered so I'm in already. Of course it came at a cost coz I got squeezed on my 3258 and 3263 E/U shorts with that low volume (understatement. More like no volume) stop hunt. Managed to bag 130 pips fading it with 6 positions though.

Glad you got some pips. My plan is to watch and wait reaction at this level. Initial was very good.

Watching 1.3355 on EU. It either respects it or it does not but giving it time.

I expect a little throwover on large tf and with this PA, I will be patient.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #4,593
  • Aug 15, 2013 1:06pm Aug 15, 2013 1:06pm
Quoting PipTrapper
{quote} Are you still wearing your Euro shorts?

yes
  • #4,594
  • Aug 15, 2013 1:07pm Aug 15, 2013 1:07pm
POSSIBILITY
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  • #4,595
  • Aug 15, 2013 1:08pm Aug 15, 2013 1:08pm
Quoting Mr. Scott
{quote} Glad you got some pips. My plan is to watch and wait reaction at this level. Initial was very good. Watching 1.3355 on EU. It either respects it or it does not but giving it time. I expect a little throwover on large tf and with this PA, I will be patient.
Yes very thin volume which causes exaggerated moves.
I love parabolic waves like these. They very often signal the end of a cycle.
Therefore, 20 to 30 pips either way from an established resistance/support line is of no consequence.
Highly likely we're going down now in both E/U and G/U.
If I'm wrong about that, then I know where my risk limit is.
Hopefully my broker won't have to find out.
Those who say it cannot be done should not interrupt those who are doing it
  • #4,596
  • Aug 15, 2013 1:10pm Aug 15, 2013 1:10pm
Quoting Mad Russian
POSSIBILITY {image}
Yep. Already on my radar.
Whether or not it is a H/S pattern that takes us back down doesn't really matter... as long as we go down, which is what everything else is telling me.
Those who say it cannot be done should not interrupt those who are doing it
  • #4,597
  • Aug 15, 2013 1:11pm Aug 15, 2013 1:11pm
Quoting PipTrapper
{quote} Yep. Already on my radar. Whether or not it is a H/S pattern that takes us back down doesn't really matter... as long as we go down, which is what everything else is telling me.
  • #4,598
  • Aug 15, 2013 1:12pm Aug 15, 2013 1:12pm
Quoting infinitus
{quote} yes
I know it's frustrating, but think how much more frustrated you would be if you took the loss only to see the Euro at 3160 by next week.

If you do place a stop on Euro shorts, it has to be above 3420

I know you are not highly leveraged, so you should be fine.
Those who say it cannot be done should not interrupt those who are doing it
  • #4,599
  • Aug 15, 2013 1:14pm Aug 15, 2013 1:14pm
Last to last W Low not broken.... : 3185
HL this W : 3204
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  • #4,600
  • Aug 15, 2013 1:27pm Aug 15, 2013 1:27pm
dollar still has room in the channel to go down , keep iN mind
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