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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #6,541
  • Sep 4, 2013 3:39pm Sep 4, 2013 3:39pm
Quoting PipTrapper
{quote} Good morning Milam. Best advice I can give is to stick to scalping until the dust settles early next week. No need to be a hero
Hi Pip, I think you are right, made just above 1% this week, I really would like to keep it.
Wherever you go, there you are.
  • #6,542
  • Sep 4, 2013 3:40pm Sep 4, 2013 3:40pm
Quoting Mad Russian
{quote} THE TARGET WOULD BE wp and mp for this retracment
That seems a bit high as a safe bull target as it has only a low chance of reaching that high before it is hammered down.
I do agree that it is a perfect technical target, but with all the fundie and sentiment BS flying around out there till next week, I think we get big sellers piling in before the weekly picot is hit.

So, my plan is to sell rallies.. if we get them. Otherwise I am already short from multiple levels.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,543
  • Sep 4, 2013 3:41pm Sep 4, 2013 3:41pm
Quoting Mad Russian
{quote} THE TARGET WOULD BE wp and mp for this retracment
Hi Mad, do you mean monthly pivot and weekly pivot ?

EDIT: 13263 and 1.3281, good RR
Wherever you go, there you are.
  • #6,544
  • Sep 4, 2013 3:49pm Sep 4, 2013 3:49pm
Quoting PipTrapper
{quote} That seems a bit high as a safe bull target as it has only a low chance of reaching that high before it is hammered down. I do agree that it is a perfect technical target, but with all the fundie and sentiment BS flying around out there till next week, I think we get big sellers piling in before the weekly picot is hit. So, my plan is to sell rallies.. if we get them. Otherwise I am already short from multiple levels.
Pip

Do you thing Draghi is going to cut?
Wherever you go, there you are.
  • #6,545
  • Sep 4, 2013 3:50pm Sep 4, 2013 3:50pm
Quoting milam
{quote} Hi Mad, do you mean monthly pivot and weekly pivot ?
yes thats just short term targets today tomorrow
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  • #6,546
  • Sep 4, 2013 3:54pm Sep 4, 2013 3:54pm
but , like pip sad , im personally chicken out to hold somethig right now with all this news shit , war etc
  • #6,547
  • Sep 4, 2013 3:54pm Sep 4, 2013 3:54pm
Quoting Mad Russian
{quote} yes thats just short term targets today tomorrow {image}
Ok, Thanks.

I like that PP indicator, is it for mt4?
Wherever you go, there you are.
  • #6,548
  • Sep 4, 2013 3:56pm Sep 4, 2013 3:56pm
no its not mt4,,http://www.it-finance.com/en/
  • #6,549
  • Sep 4, 2013 3:56pm Sep 4, 2013 3:56pm
Quoting Mad Russian
but , like pip sad , im personally chicken out to hold somethig right now with all this news shit , war etc
Yes, I agree....
Wherever you go, there you are.
  • #6,550
  • Sep 4, 2013 4:00pm Sep 4, 2013 4:00pm
Quoting milam
{quote} Pip Do you thing Draghi is going to cut?
No I don't think so. There is not enough compelling reason to cut without pissing off the Bundesbank. The Euro would have to be so dangerously high (above 1.35) that it threatens another recession before he would do that. I think, just like the OMT, the rate guidance is just words and they keep their fingers crossed that the market does not call their bluff. Basically the ECB is waiting for the Fed to do the job for them. As soon as the Fed tapers, the EUR/USD will start tanking and the once the Euro is low enough and the EU export markets starts to pick up again, the ECB will reshift into hawkish mode to keep the Bundesbank happy. 1.30 for the Euro is a happy zone for Draghi.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,551
  • Sep 4, 2013 4:18pm Sep 4, 2013 4:18pm
anybody watching aud/usd , its about to break TL or neck line whatever you wanna call this or it will sink ??
  • #6,552
  • Sep 4, 2013 4:34pm Sep 4, 2013 4:34pm
Quoting PipTrapper
{quote} No I don't think so. There is not enough compelling reason to cut without pissing off the Bundesbank. The Euro would have to be so dangerously high (above 1.35) that it threatens another recession before he would do that. I think, just like the OMT, the rate guidance is just words and they keep their fingers crossed that the market does not call their bluff. Basically the ECB is waiting for the Fed to do the job for them. As soon as the Fed tapers, the EUR/USD will start tanking and the once the Euro is low enough and the EU export markets...
ok. Thank you
Wherever you go, there you are.
  • #6,553
  • Sep 4, 2013 4:36pm Sep 4, 2013 4:36pm
Quoting Mad Russian
anybody watching aud/usd , its about to break TL or neck line whatever you wanna call this or it will sink ??
I am hoping it will break up and reach to 9500/9600 area
Those who say it cannot be done should not interrupt those who are doing it
  • #6,554
  • Sep 4, 2013 4:37pm Sep 4, 2013 4:37pm
Quoting PipTrapper
{quote} I am hoping it will break up and reach to 9500/9600 area

and its most of the time does the different , or first it will play with your patience and than it will do like you were planning
  • #6,555
  • Sep 4, 2013 4:39pm Sep 4, 2013 4:39pm
Quoting Mad Russian
anybody watching aud/usd , its about to break TL or neck line whatever you wanna call this or it will sink ??

Looking at the hourly, I would like to see some kind of test of the recent high, it does not have to be an actual test, it can just be an undershot or LH before anything else.. and I am watching.
Wherever you go, there you are.
  • #6,556
  • Sep 4, 2013 4:49pm Sep 4, 2013 4:49pm
Quoting Mad Russian
{quote} and its most of the time does the different , or first it will play with your patience and than it will do like you were planning
I am not long and I have no intention of being long. In fact I am flat the A/U. I just want to sell it, but not at these levels.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,557
  • Sep 4, 2013 4:51pm Sep 4, 2013 4:51pm
Quoting PipTrapper
{quote} No I don't think so. There is not enough compelling reason to cut without pissing off the Bundesbank. The Euro would have to be so dangerously high (above 1.35) that it threatens another recession before he would do that. I think, just like the OMT, the rate guidance is just words and they keep their fingers crossed that the market does not call their bluff. Basically the ECB is waiting for the Fed to do the job for them. As soon as the Fed tapers, the EUR/USD will start tanking and the once the Euro is low enough and the EU export markets...
Going to 1.35-1.36 in a day then back down is not gonna change nothing but your trading account.
its just a game for these feckers!
5-6 pennies is nothing!
Markets are not Random, they are designed!
  • #6,558
  • Sep 4, 2013 4:54pm Sep 4, 2013 4:54pm
Quoting Raza
{quote} Going to 1.35-1.36 in a day then back down is not gonna change nothing but your trading account. its just a game for these feckers! 5-6 pennies is nothing!
You are absolutely correct on that one.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,559
  • Sep 4, 2013 4:56pm Sep 4, 2013 4:56pm
Quoting kbmoonshinex
{quote} i closed +30 usdcad .i was away from keyboard. i thought that cadusd need to go up against dollar. but i was wrong because if usdcad going up against dollar then usdcad going down. so now i dont know. eurusd holding 3240 - 3260 target
The BOC monetary policy report and rate statement was mute to dovish, so I do not expect any CAD strength. Therefore my target for USD/CAD is still 1.10+
Hence I am still holding long from 1.0219 and 1.0289
Those who say it cannot be done should not interrupt those who are doing it
  • #6,560
  • Sep 4, 2013 5:00pm Sep 4, 2013 5:00pm
Well, it's time for me to get some sleep so I am nice and fresh for tomorrow.

Good night all.

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