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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #4,601
  • Aug 15, 2013 11:31am Aug 15, 2013 11:31am
Most likely count.
We need to break below 1.3195 to confirm.
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Those who say it cannot be done should not interrupt those who are doing it
  • #4,602
  • Aug 15, 2013 11:35am Aug 15, 2013 11:35am
Quoting PipTrapper
{quote} 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.

my sentiment, too.

GU may now be in sync again with EU. Gold may follow soon. SP500 on 1h chart does not even show bullish divergence now. A sustained drop there should lead to USD strength
  • #4,603
  • Aug 15, 2013 11:38am Aug 15, 2013 11:38am
Quoting infinitus
{quote} my sentiment, too. GU may now be in sync again with EU. Gold may follow soon. SP500 on 1h chart does not even show bullish divergence now. A sustained drop there should lead to USD strength
I think it is safe to bet money on that. Even their respective EW counts are in sync.
Those who say it cannot be done should not interrupt those who are doing it
  • #4,604
  • Aug 15, 2013 11:43am Aug 15, 2013 11:43am
USDCHF, M15, 2013 August 15
Long @ 0.9264, Target @ 0.9364
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  • #4,605
  • Aug 15, 2013 11:48am Aug 15, 2013 11:48am
Quoting PipTrapper
{quote} 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.

pity this afternoon was, that I waited for the 3190-3170 area to cover those shorts. when we moved back above 3245 I got the feeling, that I made a fault, but hoped for a retracement to the downside, which not came. At 3262 I considered to take more shorts, but was luckily prevented from that due to a telephone call and a few things I had to manage.

When I returned to my notebook, I saw the desaster with the spike to the north.

Was there some news that caused the spike? FED?

Everytime one thinks, that one has established some stress free long time positions the stress sets in


Right now I think, that down from the top a few days ago we have seen a finished impulse down, which was followed by an expandet ABC-flat up. Now we are likely in impulsive wave C up. This ABC flat is then wave 2

Fib wise the move has fulfilled the fib requirements.


3361 to 3367 would make also a nice target
  • #4,606
  • Aug 15, 2013 11:50am Aug 15, 2013 11:50am
Quoting infinitus
{quote}...Right now I think, that down from the top a few days ago we have seen a finished impulse down, which was followed by an expandet ABC-flat up. Now we are likely in impulsive wave C up. This ABC flat is then wave 2 Fib wise the move has fulfilled the fib requirements. 3361 to 3367 would make also a nice target
I don't know if you saw my last posted E/U count but that is exactly how I am counting it for now.

Here it is again

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Those who say it cannot be done should not interrupt those who are doing it
  • #4,607
  • Aug 15, 2013 12:13pm Aug 15, 2013 12:13pm
Quoting Forexcube
EURUSD, H4, 2013 August 15 EURUSD, Daily, 2013 August 15 ...
Sudden abrupt price movements seems more possible IMO in this nebulous environment. {image} {image}

#4562

EURUSD, H1, 2013 August 15
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  • #4,608
  • Aug 15, 2013 12:51pm Aug 15, 2013 12:51pm
Quoting Forexcube
{quote} #4562 EURUSD, H1, 2013 August 15 {image}



BTW: like your art
  • #4,609
  • Aug 15, 2013 12:56pm Aug 15, 2013 12:56pm
1/10 short @ 33576
  • #4,610
  • Edited 1:52pm Aug 15, 2013 1:37pm | Edited 1:52pm
Quoting Forexcube
{quote} #4562 EURUSD, H1, 2013 August 15 {image}
Hi FxCube,

Yes I see the eyes and the nose (Pinocchio nose) but who dares to take a short even at this level?
According to the TASAYC system there are many signs of reversal at the current price level. BearDiv on all the TFs, CCI hook from overbought levels rejection of the 23 FIb...but I wouldn't dare to go too big. A small from 1/10 or even less.

On D1 chart we have resit. at 1.3400/16 ...till there are another 50p
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  • #4,611
  • Edited 3:31pm Aug 15, 2013 2:11pm | Edited 3:31pm
Quoting gigicualex
{quote} Hi FxCube, Yes I see the eyes and the nose (Pinocchio nose) but who dares to take a short even at this level? According to the TASAYC system there are many signs of reversal at the current price level. BearDiv on all the TFs, CCI hook from overbought levels rejection of the 23 FIb...but I wouldn't dare to go too big. A small from 1/10 or even less. On D1 chart we have resit. at 1.3400/16 ...till there are another 50p {image}
Hi gigualex!

I think you have understand it. Don't trust only indicators by whatever means. Get a feeling of the market. Indicators could give you an indication or an orientation. The market didn't follow the indicators. It's the other way around. Indicators are a mathematical result of preceding market movements in the past, ...not more. (That's the reason why TASAYC is MTFA. In this case it's more valuable and reliable by using an adjusted Money Management).

TASAYC is MTFA. If you take a look at Monthly it could go still further northside (~1.3650).
TASAYC is 1/10 proofed. Going short with 1/10 now (@ 1.3350) shouldn't pulverize your account.
You could also manage the losses with LOM, e.g. scalping trades, other currency pairs and so on.
I have make today a 3% loss but it don't have any impacts on my account due to LOM, ...due to my warchest.
TASAYC includes these implication over its Money Management.

Account relation
Example
The definition is to earn 0.25% per day and take the surplusses into the warchest (e.g. Account A - 50'000.-$)
The definition is to earn 0.3% per day and take the surplusses into the warchest (e.g. Account B - 50'000.-$)
The definition is to earn 0.5% per day and take the surplusses into the warchest (e.g. Account C - 25'000.-$)
The definition is take all the wins into the warchest (e.g. Account D - 25'000.-$)
This is an account for Loss Order Management, usually 1/4-1/2 of the Total from A-D (Account E - 25'000 - 50'000.-)
The LOM account depends of your average profit-loss ratio per month, per year.
Account F = Warchest. The warchest should be 50-100% of all accounts (A - E). (e.g. 100'000.- - 250'00.-$)

You see!
No stress!
No problem!

But it isn't the place here to discuss TASAYC. The TASAYC-threat is closen. All should have been said there. It's clear and understandable & I won't pupate as a private teacher.


Best wishes from Switzerland!FXcube
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  • #4,612
  • Aug 15, 2013 2:15pm Aug 15, 2013 2:15pm
E/U

I am short @ 1.3335 and 1.3345

Targeting 1.330x-1.329x area
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  • #4,613
  • Aug 15, 2013 2:22pm Aug 15, 2013 2:22pm
USD/CHF

Long @ 0.9261

Targeting 0.931x area
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  • #4,614
  • Aug 15, 2013 2:28pm Aug 15, 2013 2:28pm
Quoting Forexcube
{quote} Hi gigualex! TASAYC is MTFA. If you take a look at Monthly it could go still further northside. TASAYC is 1/10 proofed. Going short with 1/10 now (@ 1.3350) shouldn't pulverize your account. You could also manage the losses with LOM, e.g. scalping trades, other currency pairs and so on. FXcube
Yes could go even more up. Daily closed a Bullish Engulfing...so we might see 1.35. Maybe tomorrow(crazy Friday)?
  • #4,615
  • Aug 15, 2013 2:38pm Aug 15, 2013 2:38pm
EURUSD, H4, 2013 August 15
Medium Term Trade
I have taken some shorts at EU at different accounts yet.
1.3350 seems an excellent market price for me, also it could go upwards till 1.3650 or so.
Daily, Weekly & Monthly looks more up.
Losses could be countertraded with scalping trades.
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  • #4,616
  • Aug 15, 2013 2:46pm Aug 15, 2013 2:46pm
Quoting Forexcube
{quote} Hi gigualex! TASAYC is MTFA. If you take a look at Monthly it could go still further northside (~1.3650). TASAYC is 1/10 proofed. Going short with 1/10 now (@ 1.3350) shouldn't pulverize your account. You could also manage the losses with LOM, e.g. scalping trades, other currency pairs and so on. I have make today a 3% loss but it don't have any impacts on my account due to LOM, ...due to my warchest. TASAYC includes these implication over its Money Management. Account relation Example The definition is to earn 0.25% per day and take the...
Hi FxCube,

Thank you or the detailed explanation.

Best regards from Switzerland too,
G.
  • #4,617
  • Aug 15, 2013 2:59pm Aug 15, 2013 2:59pm
Quoting morob
USD/CHF Long @ 0.9261 Targeting 0.931x area {image}
So did I, too!
...and will execute some more Longs at @0.9170 (1/10), @0.9150 (1/10) again
  • #4,618
  • Edited 3:32pm Aug 15, 2013 3:03pm | Edited 3:32pm
Quoting gigicualex
{quote} Hi FxCube, Thank you or the detailed explanation. Best regards from Switzerland too, G.
You're wellcome!
FXcube
  • #4,619
  • Aug 15, 2013 4:45pm Aug 15, 2013 4:45pm
USD/JPY Weekly prospective EW Count
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Those who say it cannot be done should not interrupt those who are doing it
  • #4,620
  • Aug 15, 2013 9:51pm Aug 15, 2013 9:51pm
Quoting Forexcube
{quote} #4562 EURUSD, H1, 2013 August 15 {image}
How come I see Korean word in your chart??
Simplicity is the ultimate sophistication - Leonardo da Vinci
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