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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #7,021
  • Sep 6, 2013 11:48am Sep 6, 2013 11:48am
Quoting PipTrapper
{quote} This is the area I am watching {image}

Ok very good, but 78.6 gets me 1.27 to watch prz for reaction. Can it be to the pip? Yes, if appropriate structure. Otherwise, a zone.

Then there is some leeway, but I like to use waves sometimes as opposed to swing high/low. Then I get this:
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily96-2.jpg Size: 199 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,022
  • Sep 6, 2013 11:55am Sep 6, 2013 11:55am
Quoting Mr. Scott
{quote} Ok very good, but 78.6 gets me 1.27 to watch prz for reaction. Can it be to the pip? Yes, if appropriate structure. Otherwise, a zone. Then there is some leeway, but I like to use waves sometimes as opposed to swing high/low. Then I get this: {image}
That looks better.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,023
  • Sep 6, 2013 11:55am Sep 6, 2013 11:55am
Quoting PipTrapper
{quote} I'm sure you'll hear his answer. My apologies if you didn't appreciate my 2 cents on the matter.
Pip, I realize that you are bearish always with EU, I've got the same point of view on the long term, but IMO, the point is how long they can be playing with the word taper... This month no, maybe next month..
  • #7,024
  • Sep 6, 2013 12:03pm Sep 6, 2013 12:03pm
Quoting Ambar
{quote} Pip, I realize that you are bearish always with EU, I've got the same point of view on the long term, but IMO, the point is how long they can be playing with the word taper... This month no, maybe next month..
Who said "This month No"?
You have to look at the bigger picture.
1. The unemployment rate is falling as expected by the Fed
2. The net new jobs report (NFP) is still in positive territory and consistently above 100k
3. The US jobless claims is consistently falling.
4. US PMI figures for both mfg and Svcs is strong
5. The US GDP is above 2%
6. The Fed makes decisions based of future projections and with the latest figures, it looks like their projections are still in line.
7. The latest beige book suggests further improvement in US economy.
8. Bernanke is retiring soon and will want to make sure the taper has started before that.
9. Whatever I have failed to mention above
Those who say it cannot be done should not interrupt those who are doing it
  • #7,025
  • Sep 6, 2013 12:07pm Sep 6, 2013 12:07pm
Quoting Raza
{quote} Good view Scott. Look at this Bastard , AUDCHF , which one is it playing? Not sure , cause it can shoot higher. I will short this if it goes to 0.8775. {image}

Very good, larger tf has hierarchical superiority, allowing smaller one to play out for pb. Appears it wants higher on lg tf.

What level are you playing? I am not sure I understand that number.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,026
  • Sep 6, 2013 12:19pm Sep 6, 2013 12:19pm
Quoting PipTrapper
{quote} Who said "This month No"? You have to look at the bigger picture. 1. The unemployment rate is falling as expected by the Fed 2. The net new jobs report (NFP) is still in positive territory and consistently above 100k 3. The US jobless claims is consistently falling. 4. US PMI figures for both mfg and Svcs is strong 5. The US GDP is above 2% 6. The Fed makes decisions based of future projections and with the latest figures, it looks like their projections are still in line. 7. The latest beige book suggests further improvement in US economy....
Very good answer, point by point... I disagree in some points... I'm not sure about taper this month... although It has a big numbers to be done. I disagree in point 3, the jobless is falling because the labour force has had a big drop... the jobless is a percentgaje, that drops if the labour force drop..
http://www.zerohedge.com/news/2013-0...or-force-parti

Number 8, maybe Ben doesn't want to start so early. or fast... and I've got in mind German elections...It's not good for Merkel a crash in the Stockmarket somedays before the Elections..
  • #7,027
  • Edited 12:49pm Sep 6, 2013 12:39pm | Edited 12:49pm
Quoting Mr. Scott
{quote} Very good, larger tf has hierarchical superiority, allowing smaller one to play out for pb. Appears it wants higher on lg tf. What level are you playing? I am not sure I understand that number.
0.8775 -0.8833 for intraday or swing. Depends how it goes.

Above mentioned numbers are not Gartley Fib Numbers just my own.

Although short from current high is not bad either( Bearish A Bat..4 hr)...with support to buy around 0.8492.

4 HR tf has hidden Bullish divergence therefore this is NOT a Bat but is A BAT.

I expect to go lower one more time around 0.7960ish..... Once 0.85- 0.8443 is broken.(based on Daily Divergence)
Markets are not Random, they are designed!
  • #7,028
  • Sep 6, 2013 12:49pm Sep 6, 2013 12:49pm
Quoting Ambar
{quote} Very good answer, point by point... I disagree in some points... I'm not sure about taper this month... although It has a big numbers to be done. I disagree in point 3, the jobless is falling because the labour force has had a big drop... the jobless is a percentgaje, that drops if the labour force drop.. http://www.zerohedge.com/news/2013-0...or-force-parti Number 8, maybe Ben doesn't want to start so early. or fast... and I've got in mind German elections...It's...
Regarding point number 3, The projections of the Fed never mentioned anything about participation rates, and considering this has to be done for more reasons than the Fed is revealing, it is the published rate that will drive it.
As for Ben wanting to taper or not, related to my comment on number 3 above, it is also a matter of "have to" and not just "want to".
At worst, tapering will be put off till October 30th, but I don't think so.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,029
  • Sep 6, 2013 1:02pm Sep 6, 2013 1:02pm
Hi PT, i understand that you are bearish s&p, but with taper priced in and if no taper(god.. more QE), what arethe implications to the stock market?
  • #7,030
  • Sep 6, 2013 1:12pm Sep 6, 2013 1:12pm
Quoting Raza
{quote} 0.8775 -0.8833 for intraday or swing. Depends how it goes. Above mentioned numbers are not Gartley Fib Numbers just my own. Although short from current high is not bad either( Bearish A Bat..4 hr)...with support to buy around 0.8492. 4 HR tf has hidden Bullish divergence therefore this is NOT a Bat but is A BAT. I expect to go lower one more time around 0.7960ish..... Once 0.85- 0.8443 is broken.(based on Daily Divergence)
Hi Raza,

Thank you for clarification. I get similar on fibs. Don't mind on daily as plenty of time to watch and play out.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,031
  • Sep 6, 2013 1:17pm Sep 6, 2013 1:17pm
Quoting forexboom
Hi ForexCube, may you tell me what pivot point indicator are you using? Nice trades!
Thanks' forexboom!
You can download the PivotD_v5 at e.g. #1 there:
http://www.forexfactory.com/showthread.php?t=325369
http://assets.forexfactory.net/images/attach/mq4.gif PivotsD_v5.mq4
  • #7,032
  • Sep 6, 2013 1:18pm Sep 6, 2013 1:18pm
Quoting Mr. Scott
{quote} Hi Raza, Thank you for clarification. I get similar on fibs. Don't mind on daily as plenty of time to watch and play out. {image}
Awesome, Thanks Scott.

AT 0.87XX level it looks so Balanced.
Markets are not Random, they are designed!
  • #7,033
  • Sep 6, 2013 1:34pm Sep 6, 2013 1:34pm
Quoting zllz
Hi PT, i understand that you are bearish s&p, but with taper priced in and if no taper(god.. more QE), what arethe implications to the stock market?
Well, more upside I guess... and in that case for me it will mean selling at a higher price.
Think about it... even the most bullish equity traders/investors expect a nice 20% correction, and if we don't get it, then the upside is very limited and it will be range bound for a long long time.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,034
  • Sep 6, 2013 1:46pm Sep 6, 2013 1:46pm
Quoting Raza
{quote} I trade multiple markets.
ok what sftw. data-vendor ru using if u don't mind me asking u can pm me with if so desired.
  • #7,035
  • Sep 6, 2013 2:24pm Sep 6, 2013 2:24pm
Quoting PipTrapper
{quote} I'm not 100% sure why kbmoonshinex saw a long opp on NZD/USD, but here is what I see. H1 > Inverted H/S pattern with measured objective target at around 0.7960 which also falls smack at a virgin demand zone. (See H1 chart) D1 > Completion of wave 2 of 5 after ABC flat after bottoming out wave 3 in June/July. Possible max objective comes in around 0.8060/0.8080 which also coincides with another virgin demand zone and 2013 down trend line. (See Daily Chart). After that, we see attempt at fresh lows. Break above 0.8162 invalidates and the target...
Covered half my 0.7838 long at .7998 for +150 pips (40 pips higher than my initial 7960 target)
Will hold remainder till second target at 8060 or on exhaustion.

NZDUSDCALL
Those who say it cannot be done should not interrupt those who are doing it
  • #7,036
  • Sep 6, 2013 2:25pm Sep 6, 2013 2:25pm
Quoting infinitus
{quote} has the bride a sister? Is she beautiful, too? :d
her sister married already:d
  • #7,037
  • Sep 6, 2013 2:28pm Sep 6, 2013 2:28pm
Quoting mad russian
{quote} i did my first long at 1.3109
got out at 1.3166 earlier
  • #7,038
  • Sep 6, 2013 2:31pm Sep 6, 2013 2:31pm
Quoting Mr. Scott
{quote} This is level I am watching. {image}

Price comes first; fundamentals come second
  • #7,039
  • Sep 6, 2013 2:31pm Sep 6, 2013 2:31pm
Quoting Mad Russian
{quote} got out at 1.3166 earlier
Good move. This pair has no upside continuity and USD is already starting to recover.
Of course what happens Monday is a different story.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,040
  • Sep 6, 2013 2:47pm Sep 6, 2013 2:47pm
Quoting Mad Russian
{quote} I was very wild back then.. WHEN WAS THAT ??
20 years back.
Wherever you go, there you are.
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