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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #5,101
  • Aug 20, 2013 5:44am Aug 20, 2013 5:44am
for today my target around around 1.3421-28, and short maybe from there for 1.3370 , but if we will close above 1.3391-92 on hourly , thats my plan , on the longer TARGET i havent decided yet
  • #5,102
  • Aug 20, 2013 5:46am Aug 20, 2013 5:46am
looks like pin bar on hourly 15 min left
  • #5,103
  • Aug 20, 2013 5:54am Aug 20, 2013 5:54am
it is nice when market makes some moves and picture gets more clear.

On the first chart (daily) you can see a red line (decades old), a green line (years old), and the black upper channel line (decades old)


On the second 20min TF chart you can see, how the price plays ping-pong between the red and green


If the green gets broken, the black channel may get the target, which runs currently around 364x.

From an fib-expansion view, the 350x would make a good target, because there would be a 100% expansion of the preceding swing as shown on the chart


So far all I can say is: Godim told the whole way up. I am glad to have him as Gann analyst // Murrey Math analyst here

Still learning from him......


Now we wait, if the green gets broken.

My feeling: when it should brake, most likely not today
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Chart_EUR_USD_Daily_snapshot.png Size: 85 KB
  • #5,104
  • Aug 20, 2013 5:58am Aug 20, 2013 5:58am
Damn it - weather is fine now - but my legs are hurting like hell.

Not able to mountaineer today - have to take another day off


Well, will use the time for trading and caring about our equipment, shoes, ropes, sharping ice axes etc. - feels like Cinderella
  • #5,105
  • Aug 20, 2013 6:00am Aug 20, 2013 6:00am
I am not sure what to do with the shorts now


wait for the 3350-60 support shelf, or go for the long run?


Anyone?
  • #5,106
  • Aug 20, 2013 6:02am Aug 20, 2013 6:02am
Quoting godim
{quote} The purpose of the bulls, I think, is a new high above 3417. Watch cable remains over 5658. {image} Sure can take a few pips of the bounce of the static level 3399.
The cable fell below 5658. Bulls weaken pressure.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #5,107
  • Aug 20, 2013 6:02am Aug 20, 2013 6:02am
Forexcube was also right with his warning to rather scalp than to take longer term positions
  • #5,108
  • Aug 20, 2013 6:02am Aug 20, 2013 6:02am
Quoting infinitus
Damn it - weather is fine now - but my legs are hurting like hell. Not able to mountaineer today - have to take another day off Well, will use the time for trading and caring about our equipment, shoes, ropes, sharping ice axes etc. - feels like Cinderella
Take it easier mate, it is ok to feel like Cinderella for a while......
Wherever you go, there you are.
  • #5,109
  • Aug 20, 2013 6:03am Aug 20, 2013 6:03am
Quoting godim
{quote} The cable fell below 5658. Bulls weaken pressure.

How far would price in GU have to fall out of your perspective, to cause really huge damage to the bull case?
  • #5,110
  • Aug 20, 2013 6:07am Aug 20, 2013 6:07am
GU 1h EW


maybe we are developing an ending diagonal here

either it is finished (good chance)

or

it gets a bit bigger - then we are most likely in wave B (down) of wave 3 (up)

in this case I would look for 5686 to 5701 for end of wave 3

end of wave 5 might then be 5717 to 5732
  • #5,111
  • Aug 20, 2013 6:08am Aug 20, 2013 6:08am
Quoting milam
{quote} Take it easier mate, it is ok to feel like Cinderella for a while......

Bastard - have to look if someone in my group reacts, when I call him Milan
  • #5,112
  • Aug 20, 2013 6:15am Aug 20, 2013 6:15am
Quoting milam
short 3393 and 3394 Sl 1.34074 tp's 3372 and 3327
1st target reached, BE on the second part.
Wherever you go, there you are.
  • #5,113
  • Aug 20, 2013 6:16am Aug 20, 2013 6:16am
Quoting infinitus
{quote} Bastard - have to look if someone in my group reacts, when I call him Milan
LOL, I did not get the joke but I think from now on I will call you Cindy.....
Wherever you go, there you are.
  • #5,114
  • Aug 20, 2013 6:21am Aug 20, 2013 6:21am
Quoting milam
{quote} LOL, I did not get the joke but I think from now on I will call you Cindy.....

well, I thought it would be funny, when you are one of the mountaineers in my group, and I am cleaning your mountain shoes
  • #5,115
  • Aug 20, 2013 6:22am Aug 20, 2013 6:22am
Quoting infinitus
{quote} well, I thought it would be funny, when you are one of the mountaineers in my group, and I am cleaning your mountain shoes
Wherever you go, there you are.
  • #5,116
  • Aug 20, 2013 6:23am Aug 20, 2013 6:23am
Quoting milam
{quote} 1st target reached, BE on the second part.

good idea,

BE to my positions as well


we have seen so many situations in the past, where price went down in an impulsive wave, only to see later, that is was the C wave down of an ABC-flat
  • #5,117
  • Aug 20, 2013 6:24am Aug 20, 2013 6:24am
take a look at the declining tick-volume since 08.15.2013
  • #5,118
  • Aug 20, 2013 6:26am Aug 20, 2013 6:26am
Quoting infinitus
{quote} How far would price in GU have to fall out of your perspective, to cause really huge damage to the bull case?

Lost support. It is normal to continue on the line. Over the next 1 hour and a half. 5687 goal at the end of the day. We have a "penetration" of the previous bar. If the price remains within the this penetration can be up attack. There must be a new support. See table - 5667.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: TABLICA_04.png Size: 17 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #5,119
  • Aug 20, 2013 6:37am Aug 20, 2013 6:37am
Quoting infinitus
{quote} How far would price in GU have to fall out of your perspective, to cause really huge damage to the bull case?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 65 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #5,120
  • Aug 20, 2013 6:45am Aug 20, 2013 6:45am
aud moving on retrace, gu will move up according to Godim , i think 1.3420-34 area will run the short stops ??
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