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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #5,821
  • Aug 23, 2013 2:43pm Aug 23, 2013 2:43pm
Quoting Raza
{quote} This is why I am not dependent on EW as it is deceiving and F**ks with your mind. there is no need to complicate things .things can be traded with accuracy without EW and even without fibs. lets see somethings in September. Markus knows I don't believe in crowd physiology!�� Divergence gets you on the right side.

Do you mean a wave 5 ?

Can say you - same divergences have grown me some gray hairs
  • #5,822
  • Aug 23, 2013 2:58pm Aug 23, 2013 2:58pm
Quoting infinitus
{quote} Do you mean a wave 5 ? Can say you - same divergences have grown me some gray hairs
That's funny, but obviously he is talking about any wave that offers a divergence. However it is true that you will never get a divergence for the money wave (3), but depending on how wave 2 plays out, you might get a hidden divergence.
Those who say it cannot be done should not interrupt those who are doing it
  • #5,823
  • Aug 23, 2013 2:59pm Aug 23, 2013 2:59pm
Quoting infinitus
{quote} Do you mean a wave 5 ? Can say you - same divergences have grown me some gray hairs
Spotting divergence is an Art.
i know there will be so many questions/arguments to my post, 😀that what takes away my mojo for posting.
anyways we will see everything in Action in September even EW gone wrong.
ttyl Amigos.
Markets are not Random, they are designed!
  • #5,824
  • Aug 23, 2013 3:05pm Aug 23, 2013 3:05pm
COT data from EU and GU

As it seems, in this case, EU is now in shooting position for shorts, whereas in GU the Comms are not ready,yet.

But keep in mind: when we get the COT data, they are 4 days old
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  • #5,825
  • Aug 23, 2013 3:07pm Aug 23, 2013 3:07pm
Quoting Raza
{quote} Spotting divergence is an Art. i know there will be so many questions/arguments to my post, 😀that what takes away my mojo for posting. anyways we will see everything in Action in September even EW gone wrong. ttyl Amigos.
Nothing to debate here. The fact always remains that anyone who believes the holy grail exists in indicators, is only deluding himself. It doesn't matter if it is EW or divergences. Both have their good and bad. It all depends what fits well with the trader, his/her mindset and the risk management system he/she uses. At the end of the day, no system will ever give you any better than approx 75% accuracy and most are around 50%. The key to profitable trading is in the trader.
Those who say it cannot be done should not interrupt those who are doing it
  • #5,826
  • Aug 23, 2013 3:09pm Aug 23, 2013 3:09pm
Quoting PipTrapper
{quote} That's funny, but obviously he is talking about any wave that offers a divergence. However it is true that you will never get a divergence for the money wave (3), but depending on how wave 2 plays out, you might get a hidden divergence.

Congratulation to your 14.000th posting


  • #5,827
  • Edited 3:33pm Aug 23, 2013 3:18pm | Edited 3:33pm
Quoting godim
Cable. For cable, I expect the price to close below 5560. Yes, normally it would be. Why make a breakthrough if it does not happen? Then eur/gbp will go over 8600. Yes, maybe? {image} I'm going to celebrate. Until the weekend.
#5770

Thank's Godim.
Some ranges in the past are in my focus currently:
GBPUSD, Monthly, 2013 August 23
Longer Term Ranges
2009.08.01-2010.05.01 > 1.70421-1.42271
2010.05.01-2011-.04.01 > 1.42271-1.67444
2011-.04.01-2012.01.01 > 1.67444-1.52324
2012.06.01-2012.04.01 > 1.52678—1.63006
2013.01.01-2013.07.01 > 1.63794-1.48126

~1.7048 - 1.7350 from (2005.11.01-2006.03.01) should be the great resistance. If this line could be running down abrupt upward movements seems highly possible.

I try to trade the range 1.64 - 1.50 currently.

Weekly's 1.5562 could be a short worth (1/10) (see also the Daily, #5830, please) with a SL above the middle line of BB (monthly) ~1.58.

Best wishes from Switzerland!
FXcube
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  • #5,828
  • Aug 23, 2013 3:24pm Aug 23, 2013 3:24pm
PT, you got mail

Sober_Colm, you got mail, too :-)
  • #5,829
  • Aug 23, 2013 3:30pm Aug 23, 2013 3:30pm
Quoting PipTrapper
{quote} What is the definition of a "shaved bottom/top" ? I haven't heard that definition before Does it mean long candle wick on the bottom/top? I only know about this kind of shaved top... {image} ...and this kind of shaved bottom... Sorry I cannot post that picture
Wherever you go, there you are.
  • #5,830
  • Aug 23, 2013 3:32pm Aug 23, 2013 3:32pm
GBPUSD, Daily, 2013 August 23
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  • #5,831
  • Edited 4:15pm Aug 23, 2013 4:04pm | Edited 4:15pm
Quoting infinitus
{quote} Hi Milam, regarding the live trades: http://www.forexfactory.com/showthre...21#post6913321 I do not know, if a posting a trade nearly 25 minutes after the fact is really live trade - please take the time to report "within minutes" regarding the communication skills: archaic, taken from gypsies, mystique, " reacts as an old woman that never got a f@ck" etc. have been your words lately - what shall I say regarding the Forexcube-like trade: if you say Forexcube-style trade, we can not know, that you have your own variant...
Infy

Seems my posts are not appreciated here.

This is my last one, I do not have time for this.

That trade was posted on the spot and not more than 4 minutes later as I did with many others. Not sure when you got that information from.

http://www.forexfactory.com/showthre...21#post6913321

For the rest I already answered here and I do not like to repeat myself:

http://www.forexfactory.com/showthre...82#post6914282

Honestly I had a good time here and I wish not to end it in a endless senseless discussion, what is the point? I did answer you with my previous post to clarify some points as a respect to everyone to this thread in which I have been communicating for the last month.

Things they work or they do not work, in this case they did not.

Lets move on and end this in a nice way, life is too short..

Hey, remember to keep your mind @ peace.

milam
Wherever you go, there you are.
  • #5,832
  • Aug 23, 2013 4:05pm Aug 23, 2013 4:05pm
Quoting milam
{quote}

EDIT: Pip I am glad you account is still steady despite the push of the bulls, I am happy for you.
Wherever you go, there you are.
  • #5,833
  • Aug 23, 2013 4:11pm Aug 23, 2013 4:11pm
Quoting milam
{quote} EDIT: Pip I am glad you account is still steady despite the push of the bulls, I am happy for you.
It's all about risk management. That is the key to survival in this business.
Have a great weekend.
Those who say it cannot be done should not interrupt those who are doing it
  • #5,834
  • Aug 23, 2013 4:16pm Aug 23, 2013 4:16pm
No close under 3340. Monday's a biggie for me; imo we'll either be going south next week, starting Monday or else have to languish in the red for a couple of weeks & then head south & who knows how far north that "languishing" could go. If it does break then 3450+ wouldn't surprise me. Durable goods could be a decent catalyst. Still holding short from 3340 with mid/long term short bias.
  • #5,835
  • Aug 23, 2013 4:26pm Aug 23, 2013 4:26pm
Quoting Sober_Colm
No close under 3340. Monday's a biggie for me; imo we'll either be going south next week, starting Monday or else have to languish in the red for a couple of weeks & then head south & who knows how far north that "languishing" could go. If it does break then 3450+ wouldn't surprise me. Durable goods could be a decent catalyst. Still holding short from 3340 with mid/long term short bias.
If there is another move up, it will exhaust itself between 3410 and 3455 and that will be the end.

If we get a weekly close above 3455 next Friday, then 3600 and 3710 could be in view, but that is very highly unlikely according to long term counts.

Obviously nothing can be ruled out, but I take comfort in the fact that no matter how much good pmi data comes out of Europe, it will not transfer to the real economy because the profits (if any) will be used for deleveraging and banks will not lend to SMEs nor will SMEs borrow. On top of that, US rates will definitely rise from here forward and they will pull European rates up along with them as they always have, which in turn is a no brainer of an economy killer for Europe.

As they say in Italian; "Punto e basta". In english it means "Plain and simple".
Those who say it cannot be done should not interrupt those who are doing it
  • #5,836
  • Aug 23, 2013 4:30pm Aug 23, 2013 4:30pm
Quoting milam
{quote} Infy Seems my posts are not appreciated here. This is my last one, I do not have time for this. That trade was posted on the spot and not more than 4 minutes later as I did with many others. Not sure when you got that information from. http://www.forexfactory.com/showthre...21#post6913321 For the rest I already answered here and I do not like to repeat myself: http://www.forexfactory.com/showthre...82#post6914282 Honestly I had good a time here and I wish not to end it in a endless senseless discussion,...

Ok, my fault regarding the time of your post. Came in fact around 5min after the trade


For the rest of your posting:

You claim, that you do not like to repeat yourself. Yes. That is a true reason, when in fact I have spent half of my last week with repeating myself to step off of Godims back, to respect my wish to do so etc., etc. So that seems to be a true reason to leave.

OK, I repeat again the point of the "senseless discussion":


If you or other traders think, that it is OK to stamp constantly on Godim (or anyone else), I can tell you: wrong address here.

I like to remember some here, that when we were in Shangri-La, and Mercy started misbehaving towards some members, I too fought him tooth and nails. I hope nobody begs for the same treatment.

Mobbing, marginalization etc. is a completely no go and I will fight it. In this case I do not care about "free speech" with which such actions might be tried to be justified.

Rest assured: my mind rests in complete balance


I value your postings as I value any postings here in "The club".



Wish you a nice weekend,


Markus
  • #5,837
  • Aug 23, 2013 4:37pm Aug 23, 2013 4:37pm
Quoting infinitus
{quote} Ok, my fault regarding the time of your post. Came in fact around 5min after the trade For the rest of your posting: You claim, that you do not like to repeat yourself. Yes. That is a true reason, when in fact I have spent half of my last week with repeating myself to step off of Godims back, to respect my wish to do so etc., etc. So that seems to be a true reason to leave. OK, I repeat again the point of the "senseless discussion": If you or other traders think, that it is OK to stamp constantly on Godim (or anyone else), I...
You are very diplomatic. I like that about you
Those who say it cannot be done should not interrupt those who are doing it
  • #5,838
  • Aug 23, 2013 4:55pm Aug 23, 2013 4:55pm
Quoting PipTrapper
{quote} You are very diplomatic. I like that about you

Thank you, PT


Try my best but see areas for improvement.


It is really hard work:

caring for equipment, planning climbing routes, building teams, climbing for many hours, at the same time keeping an eye or two at Forex, analyzing, posting trading, .........fighting



and that all in 3647 meters above ground.


But after a week here now my O2-deficit gets smaller
  • #5,839
  • Aug 23, 2013 5:09pm Aug 23, 2013 5:09pm
Record Bank Rally in Southern Europe May End on Economy

http://www.bloomberg.com/news/2013-0...n-economy.html
Those who say it cannot be done should not interrupt those who are doing it
  • #5,840
  • Aug 24, 2013 12:25am Aug 24, 2013 12:25am
Quoting infinitus
COT data from EU and GU As it seems, in this case, EU is now in shooting position for shorts, whereas in GU the Comms are not ready,yet. But keep in mind: when we get the COT data, they are 4 days old {image} {image}
You are right, but you missed half information. My custom COT data indicator.

My thoughts was in right direction, this last climactic spike up for EU was closing long positions. It was proven by COT data. Also we have a tendentious, where more shorts are generating, and longs are closed.

So in conclusion, we should begin to move down.
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