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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #6,101
  • Aug 28, 2013 6:34am Aug 28, 2013 6:34am
Quoting infinitus
{quote} Ha, good shot :-) Very interesting. Regarding the theft of the Diesel from the plant in Germany: unbelievable!!! How can someone steal nearly 1 million litres of Diesel, and the company only managed to find the "leak" after 18 months. What did they thought, say, after half a year, where the lost Diesel could have been? Vaporized? Hadn't they no cameras on the area?
Off Course No Camera. They stolen pass under the sea.
Always looking the GREAT, never left GOOD Point...
  • #6,102
  • Aug 28, 2013 6:37am Aug 28, 2013 6:37am
Quoting PipTrapper
{quote} We have arrived at the edge. Now what? If you feel brave, here would be a good place to go long with a tight stop somewhere below 3330 That would give excellent RR Target would be around 3360


my system calls for mean reverting here - that would probably lead back to 336x, but would mess up my subwave count (overlapping waves).

maybe back to around 335x
  • #6,103
  • Aug 28, 2013 6:39am Aug 28, 2013 6:39am
EU EW 15min TF
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  • #6,104
  • Aug 28, 2013 6:40am Aug 28, 2013 6:40am
Quoting godim
{quote} Price must decide to support at the cable. {image}
5451? Is it enough? It is better always to expect a little penetration. But now the problem is "complex." Together with the euro.
Attached Image (click to enlarge)
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #6,105
  • Aug 28, 2013 6:40am Aug 28, 2013 6:40am
Quoting Sober_Colm
...I have noticed a large jump in buy orders between here & 1.33 in the past 24hrs on Oanda. Seeing as there is a huge volume of open sells in the same place I'm thinking some of the retail shorts are getting fed up with this waiting & are looking to close out at BE if they can get there. http://fxtrade.oanda.co.uk/ (see live order book).
Absolutely

Quoting PipTrapper
{quote} ... It's not always an attack on price. It's also an attack on the crowd psychology. A retailer who has been holding an underwater short position for a very long time and maybe even came close to margin call a few times (that's a large majority of the crowd) would be elated to close at BE, and since by now they are convinced we are in a bull market, they will start trying to pick a bottom as this sucker tanks hard.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,106
  • Aug 28, 2013 6:49am Aug 28, 2013 6:49am
Quoting infinitus
{quote} ups, here is the count {image}
ok thx
  • #6,107
  • Aug 28, 2013 6:53am Aug 28, 2013 6:53am
Quoting godim
{quote} 5451? Is it enough? It is better always to expect a little penetration. But now the problem is "complex." Together with the euro. {image}
5447. already has penetration.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #6,108
  • Aug 28, 2013 6:59am Aug 28, 2013 6:59am
Quoting PipTrapper
{quote} We have arrived at the edge. Now what? If you feel brave, here would be a good place to go long with a tight stop somewhere below 3330 That would give excellent RR Target would be around 3360
i may just wait for another counter move up...see what happens..and add shorts..but ur right it may go up some from here i/d + NY may buy...
  • #6,109
  • Aug 28, 2013 7:02am Aug 28, 2013 7:02am
Right shoulder seems to be completing on Eurusd. A break of the neckline would see price heading towards the 1.3200 level. Traders can look to short on break and close below the neckline with stops above the candle high.
Attached Image (click to enlarge)
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A potential bull flag forming on Eurcad. Traders can look to place a buy stop at 1.4080 with stop loss at 1.4010. If price breaks below the flag, the trade is negated.
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  • #6,110
  • Aug 28, 2013 7:10am Aug 28, 2013 7:10am
Quoting twrayner
Right shoulder seems to be completing on Eurusd. A break of the neckline would see price heading towards the 1.3200 level. Traders can look to short on break and close below the neckline with stops above the candle high. {image} A potential bull flag forming on Eurcad. Traders can look to place a buy stop at 1.4080 with stop loss at 1.4010. If price breaks below the flag, the trade is negated. {image}
Thanks Rayner. How's the weather today?
Those who say it cannot be done should not interrupt those who are doing it
  • #6,111
  • Aug 28, 2013 7:27am Aug 28, 2013 7:27am
http://www.bloomberg.com/news/2013-0...0-billion.html

U.S. Bank Legal Bills Exceed $100 Billion
  • #6,112
  • Aug 28, 2013 7:30am Aug 28, 2013 7:30am
Quoting twrayner
Right shoulder seems to be completing on Eurusd. A break of the neckline would see price heading towards the 1.3200 level. Traders can look to short on break and close below the neckline with stops above the candle high. {image} A potential bull flag forming on Eurcad. Traders can look to place a buy stop at 1.4080 with stop loss at 1.4010. If price breaks below the flag, the trade is negated. {image}

might form a wedge on right shoulder...??..its not taking out the lows..yet anyway...but what do I know.. nada...
  • #6,113
  • Aug 28, 2013 8:00am Aug 28, 2013 8:00am
Quoting PipTrapper
{quote} We have arrived at the edge. Now what? If you feel brave, here would be a good place to go long with a tight stop somewhere below 3330 That would give excellent RR Target would be around 3360
Out of long at +26 pips

short again at 3368
Those who say it cannot be done should not interrupt those who are doing it
  • #6,114
  • Aug 28, 2013 8:06am Aug 28, 2013 8:06am
Quoting godim
{quote} 5447. already has penetration.
5427. Yes, surprise me. But then - again attempted price rise over the yellow. Ah that yellow. 5551

Attached Image (click to enlarge)
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #6,115
  • Aug 28, 2013 8:15am Aug 28, 2013 8:15am
Quoting PipTrapper
{quote} Out of long at +26 pips short again at 3368
  • #6,116
  • Aug 28, 2013 8:15am Aug 28, 2013 8:15am
Quoting infinitus
Lara on NZDUSD http://elliottwavestockmarket.com/20...h-august-2013/
Yes correct. My first attempt failed. But I'm still confident, awaiting end of FOMC media show to try again. It's true NZDUSD looks quite bearish now, but...but...this Ccy is still paying 2.5%, US 0.25%, long positions on NZDUSD pays swap overnight, specially on Wednesday when you get 3 days in a row (Wed+WE). There is still a bullish power unleashed in that curve. It will need to test and hit again the highs before any huge dive with tapering news, this is my sentiment.

On your chart, I see a major issue wit the 61.8% retrace which materialize in a trend line from old peak to last peak that may oppose a strong barrier to this 61.8% target in the retrace.

Many thks for the chart Infi
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  • #6,117
  • Aug 28, 2013 8:26am Aug 28, 2013 8:26am
taking a nap cu all ltr...still short and more orders abv in case it rallies..a lot..
  • #6,118
  • Aug 28, 2013 8:34am Aug 28, 2013 8:34am
A/U

Long @ 0.8897
  • #6,119
  • Aug 28, 2013 8:41am Aug 28, 2013 8:41am
EU nice target now is

Murrey Math

3290 to 3275



3306 is very good target too, but I think will only give short term rejection
  • #6,120
  • Aug 28, 2013 8:43am Aug 28, 2013 8:43am
Quoting morob
A/U Long @ 0.8897

Price comes first; fundamentals come second
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