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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #7,221
  • Sep 9, 2013 8:49am Sep 9, 2013 8:49am
Quoting Forexcube
EURUSD Range could be 1.2850 - 1.3650 +/- 100, IMO. I take it into account (Money- & Risk Management) when trading the EURUSD market these days. FXcube
Agreed. Especially for LT position trades, one must allow for several hundred pips of drawdown with this pair and therefore adjust position size accordingly.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,222
  • Sep 9, 2013 8:55am Sep 9, 2013 8:55am
Quoting PipTrapper
{quote} That's what I was looking for. Thanks

look here
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  • #7,223
  • Sep 9, 2013 9:02am Sep 9, 2013 9:02am
Quoting infinitus
{quote} look here {image}
Looking at the daily, taking into account the CCi, Stoch and POC into consideration, it looks quite mixed to me.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,224
  • Sep 9, 2013 9:31am Sep 9, 2013 9:31am
Quoting PipTrapper
PO Sell G/U at 1.5710 No SL Target 1.48 GBPUSDCALL
Triggered short at 1.5710

GBPUSDCALL
Those who say it cannot be done should not interrupt those who are doing it
  • #7,225
  • Sep 9, 2013 9:46am Sep 9, 2013 9:46am
1.3250 looks nice to add a euro shortie, price is going to struggle to get back above 1.33.
  • #7,226
  • Sep 9, 2013 9:50am Sep 9, 2013 9:50am
Quoting godim
{quote} otherwise after 20 minutes of will seek support from 5700.
line is on 5727

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #7,227
  • Sep 9, 2013 10:13am Sep 9, 2013 10:13am
Quoting PipTrapper
{quote} Looking at the daily, taking into account the CCi, Stoch and POC into consideration, it looks quite mixed to me.

Hi PT,

looks like EU is set for consolidation.

Short term down is likely, but looks like it is set to rise again thereafter.

Looking at the distribution curve of the daily MMSMP chart there seems to be a need to volume fill the area up to
3313-3337

Mean reverting on this daily means 3284 right now, but this may take a few days.


When daytrading, the 4h TF MMSMP seems to dictate the levels
  • #7,228
  • Sep 9, 2013 10:28am Sep 9, 2013 10:28am
Quoting infinitus
{quote} Hi PT, looks like EU is set for consolidation. Short term down is likely, but looks like it is set to rise again thereafter. Looking at the distribution curve of the daily MMSMP chart there seems to be a need to volume fill the area up to 3313-3337 Mean reverting on this daily means 3284 right now, but this may take a few days. When daytrading, the 4h TF MMSMP seems to dictate the levels
Thank you my friend. So it looks like we will get that extension to 3280/90 that I suspected
I think breaking above 3300 is going to be a bit of a challenge. However, a quick spike above and back below will not change that picture. If anything it will make my point even more clear
Those who say it cannot be done should not interrupt those who are doing it
  • #7,229
  • Sep 9, 2013 10:31am Sep 9, 2013 10:31am
EU EW count

2h TF
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  • #7,230
  • Sep 9, 2013 10:47am Sep 9, 2013 10:47am
Look, friends.
Objectives over 3710 now available with pink fan from 2746
Yellow fan of 2042 already gives us goals over 1.40.
Gator wrote about it.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #7,231
  • Sep 9, 2013 10:50am Sep 9, 2013 10:50am
Quoting godim
Look, friends. Objectives over 3710 now available with pink fan from 2746 Yellow fan of 2042 already gives us goals over 1.40. Gator wrote about it. {image}
Yes.
tough resistance remains @ 1.3615-35.
Markets are not Random, they are designed!
  • #7,232
  • Sep 9, 2013 10:51am Sep 9, 2013 10:51am
Quoting godim
Look, friends. Objectives over 3710 now available with pink fan from 2746 Yellow fan of 2042 already gives us goals over 1.40. Gator wrote about it. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 95 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #7,233
  • Sep 9, 2013 11:00am Sep 9, 2013 11:00am
Quoting infinitus
{quote} Hi PT, looks like EU is set for consolidation. Short term down is likely, but looks like it is set to rise again thereafter. Looking at the distribution curve of the daily MMSMP chart there seems to be a need to volume fill the area up to 3313-3337 Mean reverting on this daily means 3284 right now, but this may take a few days. When daytrading, the 4h TF MMSMP seems to dictate the levels
So Markus, assuming price has completed all 5 sub waves of the larger wave 1, what sort of wave 2 do you see unfolding? I see 3 waves coming off the 1.3104 low so far so unless there is a 4 of 2 down to 1.3190 followed by a 5 of 2, I'm thinking a complex 2.

Or alternatively, the move from 1.3397 to 1.3104 in total was a wave 3 and this is a simple 4 of 5 of 1. Because the 2 of 5 of 1 was a complex triangle.

Sorry for no chart, can't post atm..

Thoughts?
  • #7,234
  • Sep 9, 2013 11:08am Sep 9, 2013 11:08am
Quoting godim
{quote} The problem with these charts is that I can always open them again. Resistance of 9227. {image}
Last line of defense

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #7,235
  • Sep 9, 2013 11:09am Sep 9, 2013 11:09am
Quoting godim
Look, friends. Objectives over 3710 now available with pink fan from 2746 Yellow fan of 2042 already gives us goals over 1.40. Gator wrote about it. {image}
I think the Euro fundamentals will come into play too soon (late Sept/ early Oct) & the bias will move heavily to the shortside long before 1.40.
  • #7,236
  • Sep 9, 2013 11:14am Sep 9, 2013 11:14am
well let us see
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  • #7,237
  • Sep 9, 2013 11:19am Sep 9, 2013 11:19am
Quoting BoringIsGood
{quote} So Markus, assuming price has completed all 5 sub waves of the larger wave 1, what sort of wave 2 do you see unfolding? I see 3 waves coming off the 1.3104 low so far so unless there is a 4 of 2 down to 1.3190 followed by a 5 of 2, I'm thinking a complex 2. Or alternatively, the move from 1.3397 to 1.3104 in total was a wave 3 and this is a simple 4 of 5 of 1. Because the 2 of 5 of 1 was a complex triangle. Sorry for no chart, can't post atm.. Thoughts?

Hi BIG,

I know what you mean without chart :-)

3298 will decide what count is valid, at least.

If we now run into 3298, we can most likely asume, that the whole move down was a finished impulse.

If we do not run into it, well, than we have to take a very close look regarding the "right view" and "fib-relationships" etc.
  • #7,238
  • Sep 9, 2013 11:19am Sep 9, 2013 11:19am
Quoting Zyggy
AUDUSD Short @ 0.9195 target 0.9100 SL 0.9250 Pending orders Long @ 0.9160, 0.9100, 0.9060 target 0.9500 area sl 0.9010 {image}

Closed long @ 0.9230 = -70 pips. Looking to entry long.
Price comes first; fundamentals come second
  • #7,239
  • Sep 9, 2013 11:23am Sep 9, 2013 11:23am
Quoting Sober_Colm
{quote} I think the Euro fundamentals will come into play too soon (late Sept/ early Oct) & the bias will move heavily to the shortside long before 1.40.
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
  • #7,240
  • Sep 9, 2013 11:24am Sep 9, 2013 11:24am
Quoting infinitus
well let us see {image}
bang on my 3280/90 call. Now what?
If I've charted it accurately, we have just completed wave 5 of C of larger wave 2. If so, correction is over and we are now set to start wave 3 or extend into another zigzag.
Those who say it cannot be done should not interrupt those who are doing it
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