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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #4,581
  • Aug 15, 2013 8:24am Aug 15, 2013 8:24am
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 8:30am Aug 15, 2013 8:30am
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 8:32am Aug 15, 2013 8:32am
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 8:37am Aug 15, 2013 8:37am
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 8:48am Aug 15, 2013 8:48am
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 10:05am Aug 15, 2013 8:51am | Edited 10:05am
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 10:23am Aug 15, 2013 10:23am
for the road
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  • #4,588
  • Aug 15, 2013 10:44am Aug 15, 2013 10:44am
GU Harmonic pattern on daily and 4h
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  • #4,589
  • Aug 15, 2013 10:46am Aug 15, 2013 10:46am
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 10:57am Aug 15, 2013 10:57am
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 11:00am Aug 15, 2013 11:00am
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 11:04am Aug 15, 2013 11:04am
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 11:06am Aug 15, 2013 11:06am
Quoting PipTrapper
{quote} Are you still wearing your Euro shorts?

yes
  • #4,594
  • Aug 15, 2013 11:07am Aug 15, 2013 11:07am
POSSIBILITY
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  • #4,595
  • Aug 15, 2013 11:08am Aug 15, 2013 11:08am
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 11:10am Aug 15, 2013 11:10am
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 11:11am Aug 15, 2013 11:11am
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 11:12am Aug 15, 2013 11:12am
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 11:14am Aug 15, 2013 11:14am
Last to last W Low not broken.... : 3185
HL this W : 3204
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  • #4,600
  • Aug 15, 2013 11:27am Aug 15, 2013 11:27am
dollar still has room in the channel to go down , keep iN mind
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