The Club! | Page 266 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Help Me Establish The GbpUsd After Dinner Club 40 replies

Attachments: The Club!
Exit Attachments

The Club!

  • #5,301
  • Aug 21, 2013 7:18am Aug 21, 2013 7:18am
Quoting milam
{quote} 2 Trade of the day not included scalps. EU 5m TF: Long X2, made 9 pips coved half, moved SL to BE with TP @ 34.04, risked 7 pips (1%). Now market can decide. Reasons: Support, macd histo bullish divergence and 50% retrace of the larger leg. The magic three. Done for the day, not bad for a slow day. Patience often is the key. {image}
Market sais NO, second half stopped at BE. Well at least I am trying.....Ranges a very tight.... It is all easy afterward........

I wish you all peace of mind.
Wherever you go, there you are.
  • #5,302
  • Aug 21, 2013 7:32am Aug 21, 2013 7:32am
Quoting PipTrapper
Good morning/afternoon/evening everybody. Not going to be hanging around much today until we are ready to see what the FOMC discussed in July. We are having some stormy weather here. Still bloody hot but some nice thunderstorms. I love this kind of weather so I am going out to enjoy it. If I get struck by lightening, then I think we will see the E/U at parity by the end of the day Seriously, I don't see how anything is going to happen until the FOMC minutes are released, and when they are released, unless they contain some major revelations,...

Yo PT,

yes we can first enjoy the nice day.

Hope that price moves further down before FOMC notes. Then chance for a long is very good. Would like to see now a clear impulse structure down.

For me it would a good indication, that chances are high that the top is already in.


Take care, storm-chaser
  • #5,303
  • Aug 21, 2013 7:34am Aug 21, 2013 7:34am
Quoting milam
{quote} Market sais NO, second half stopped at BE. Well at least I am trying.....Ranges a very tight.... It is all easy afterward........ I wish you all peace of mind.
Actually the task about an hour ago became clear outlines.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 52 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #5,304
  • Aug 21, 2013 7:42am Aug 21, 2013 7:42am
Quoting godim
{quote} There should be little penetration. While currently are insufficient about 3 -4 pips. {image}
The question is whether there will be another attack? If yes, where do will get the price?
The first question: are more likely to. The second: I do not know.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #5,305
  • Aug 21, 2013 7:46am Aug 21, 2013 7:46am
Quoting godim
{quote} The question is whether there will be another attack? If yes, where do will get the price? The first question: are more likely to. The second: I do not know.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 119 KB


EDIT:or by 5703 - the level of the blue
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #5,306
  • Edited 8:12am Aug 21, 2013 7:46am | Edited 8:12am
Hi FxCube,


Reading through one of your old posts http://www.forexfactory.com/showthre...99#post5193499 and checking today's chart I found this:

GBP/CAD weekly chart.
Could be a nice short now at the market to play the range of the last 3 years. What do you say?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 75 KB
  • #5,307
  • Edited 8:14am Aug 21, 2013 7:52am | Edited 8:14am
Quoting gigicualex
Hi FxCube, Reading through one of your old posts http://www.forexfactory.com/showthre...99#post5193499 and checking today chart I found this: GBP/CAD weekly chart. Could be a nice short now at the market to play the range of the last 3 years. What do you day? {image}

Hello gigicualex!
It seems a risk for Shorts worth!
Perfect design!
Weekly (divergence), Daily (divergence) & H4 gives strong signals for going short. No doubt!
Maybe by setting a SL ~1.67, due to the fact that monthly (maybe in sept., oct.) could go further upside if the market will generate the power of it.
Thank's for the hint. (I'm in the short just now with 1 Lot at an extra 10K Account).
FXcube
  • #5,308
  • Aug 21, 2013 7:55am Aug 21, 2013 7:55am
Quoting godim
{quote} {image} EDIT:or by 5703 - the level of the blue
Anyway, closing H4 over pink is not good for the bears. Then stop short.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #5,309
  • Aug 21, 2013 7:56am Aug 21, 2013 7:56am
Quoting godim
{quote} {image} EDIT:or by 5703 - the level of the blue

hi Godim,

looks very promising, because we have such divergences as well on 15min, 1h, 4h and daily TF
  • #5,310
  • Aug 21, 2013 7:58am Aug 21, 2013 7:58am
Quoting godim
{quote} Anyway, closing H4 over pink is not good for the bears. Then stop short.

On H4 ideal Murrey target would be 5747
  • #5,311
  • Aug 21, 2013 8:02am Aug 21, 2013 8:02am
Quoting infinitus
{quote} hi Godim, looks very promising, because we have such divergences as well on 15min, 1h, 4h and daily TF
Yes. Can be look for the addition of pink - 5716. I so hate to comment on trade. Everyone has to decide for his money.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #5,312
  • Aug 21, 2013 8:17am Aug 21, 2013 8:17am
Okay I am back. The storm did not materialize as I anticipated so there was nothing to chase. Only a lot of rain and a few benign lightening strikes. Since I did not get hit by lightening, there will be no E/U parity today
Those who say it cannot be done should not interrupt those who are doing it
  • #5,313
  • Aug 21, 2013 8:23am Aug 21, 2013 8:23am
Quoting Forexcube
{quote} Hello gigicualex! It seems a risk for Shorts worth! Perfect design! Weekly (divergence), Daily (divergence) & H4 gives strong signals for going short. No doubt! Maybe by setting a SL ~1.67, due to the fact that monthly (maybe in sept., oct.) could go further upside if the market will generate the power of it. Thank's for the hint. (I'm in the short just now with 1 Lot at an extra 10K Account). FXcube
Thanks also for your reply.
For me SL ~1,67 is a little too much although with a TP ~1,55 we could get RR of 1:3. I'll try to play it safer and wait for some PA confirmation like a Shooting Start or Bearish Engulfing on 4H or Daily TF. Also for Shorts we get a swap of +1.4
  • #5,314
  • Aug 21, 2013 8:28am Aug 21, 2013 8:28am
Quoting gigicualex
{quote} Thanks also for your reply. For me SL ~1,67 is a little too much although with a TP ~1,55 we could get RR of 1:3. I'll try to play it safer and wait for some PA confirmation like a Shooting Start or Bearish Engulfing on 4H or Daily TF. Also for Shorts we get a swap of +1.4


Oh yes I know it, I don't like SL so I take it extremely wide.
TP...often I take a trailing stop or so, e.g. in this case if the september candle will forcing a retracement or so.
FXcube

Every man is the architect of his own fortune!
  • #5,315
  • Aug 21, 2013 8:39am Aug 21, 2013 8:39am
Quoting infinitus
{quote} Hi Godim, 3367 is critical Murrey level for me right now. The 3370 I obtained by simply looking at your chart LOL
Markus, check the pink.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 50 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #5,316
  • Aug 21, 2013 8:53am Aug 21, 2013 8:53am
Quoting godim
{quote} Markus, check the pink. {image}



I like this magic - the 3372 did not show on my Murrey Math. But it was at least at the 1min TF the -1/8 finally


Let's see what will develop next
  • #5,317
  • Aug 21, 2013 8:55am Aug 21, 2013 8:55am
Quoting gigicualex
.................. checking today's chart I found this: GBP/CAD weekly chart. Could be a nice short now at the market to play the range of the last 3 years. {image}
Just to add.... with Mark Carney moving from gov BoCa to gov BoE I wouldn't expect they'll have any difficulty agreeing to keep the status quo. Looks like a range that both sides were happy with.
  • #5,318
  • Aug 21, 2013 9:04am Aug 21, 2013 9:04am
Quoting infinitus
{quote} I like this magic - the 3372 did not show on my Murrey Math. But it was at least at the 1min TF the -1/8 finally Let's see what will develop next

two "fast" scenario
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 55 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #5,319
  • Aug 21, 2013 9:43am Aug 21, 2013 9:43am
little h&s on m15..target 1.3358
  • #5,320
  • Aug 21, 2013 9:59am Aug 21, 2013 9:59am
Hey guys...maybe another h&s is forming on H1??....what do you say?
8 traders viewing now