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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #7,501
  • Sep 11, 2013 6:51am Sep 11, 2013 6:51am
Quoting Schickeria
{quote} draw your trendline on Daily chart
H4 Divergence are a good signal on CCI14 and RSI14
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  • #7,502
  • Sep 11, 2013 6:52am Sep 11, 2013 6:52am
Quoting TraderPablo
{quote} EW can make my head spin.....sometimes it works...and that's ok by me.. .I just look at it ...not getting into too deep...too much thinking....
so, is it very subjective ?
Wherever you go, there you are.
  • #7,503
  • Sep 11, 2013 6:56am Sep 11, 2013 6:56am
Quoting Schickeria
{quote} H4 Divergence are a good signal on CCI14 and RSI14 {image}
there is also momentum and that makes me interested.....
Wherever you go, there you are.
  • #7,504
  • Sep 11, 2013 7:00am Sep 11, 2013 7:00am
Quoting milam
{quote} there is also momentum and that makes me interested.....
microbulls want now 1.0351/9 than down
  • #7,505
  • Sep 11, 2013 7:10am Sep 11, 2013 7:10am
Quoting Schickeria
{quote} microbulls want now 1.0351/9 than down
yes, that's what I meant, the broken TL already acted as resistance with that reversal pattern, now prices can revisit that TL which I consider also target for a short term considering momentum and divergence, back there I do not know what will happen because either parts may have moved their objectives and a possible reaction would confirm/non confirm it.
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Wherever you go, there you are.
  • #7,506
  • Sep 11, 2013 7:16am Sep 11, 2013 7:16am
Quoting milam
{quote} yes, that's what I meant, the broken TL already acted as resistance with that reversal pattern, now prices can revisit that TL which I consider also target for a short term considering momentum and divergence, back there I do not know what will happen because either parts may have moved their objectives and a possible reaction would confirm/non confirm it. {image}
may be so
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  • #7,507
  • Sep 11, 2013 7:16am Sep 11, 2013 7:16am
Quoting Schickeria
{quote} only sell for me above 0.9371
How about AJ.. ?

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  • #7,508
  • Sep 11, 2013 7:23am Sep 11, 2013 7:23am
Quoting milam
{quote} So you are bullish and Infy is bearish despite you both reading EW?

Hi Milam,

overall I am very bearish on EU.

But since I showed several counts over the past days, where a wave 1 down was finished at the recent low @ 3104, we are now clearly in a wave 2 action (up).

Maybe this wave 2, or wave A of 2, was finished this night at the recent top, as PT suggested. But I already voiced my concerns this morning to that count.

So I am short term bullish towards the 330 to 335 area, not only based on EW, but also based on MMSMP and Murrey math.


Even when we reach now 33x, that doesn't necessarily mean that wave 2 up is finished. It can mean, that wave A of 2 is finished
  • #7,509
  • Sep 11, 2013 7:24am Sep 11, 2013 7:24am
Quoting Schickeria
{quote} may be so {image}
lol, more or less the same, but you cut off the deepest swing, instead I have a continuation TL that will act as further support connecting that swing low and from that intersection as a continuation I drawn a medium TL to connect the next swing low and that is where I see support/resistance.
Wherever you go, there you are.
  • #7,510
  • Sep 11, 2013 7:28am Sep 11, 2013 7:28am
Quoting andexQ
Just added short for AU. Target not defined yet, will watch closely for next hours.. {image}
All short position closed.
  • #7,511
  • Sep 11, 2013 7:29am Sep 11, 2013 7:29am
My view for USDCAD
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  • #7,512
  • Sep 11, 2013 7:32am Sep 11, 2013 7:32am
Quoting infinitus
{quote} Hi Milam, overall I am very bearish on EU. But since I showed several counts over the past days, where a wave 1 down was finished at the recent low @ 3104, we are now clearly in a wave 2 action (up). Maybe this wave 2, or wave A of 2, was finished this night at the recent top, as PT suggested. But I already voiced my concerns this morning to that count. So I am short term bullish towards the 330 to 335 area, not only based on EW, but also based on MMSMP and Murrey math. Even when we reach now 33x, that doesn't necessarily mean that wave...
Ok. Thanks

What does it mean MMSMP?
Wherever you go, there you are.
  • #7,513
  • Sep 11, 2013 8:04am Sep 11, 2013 8:04am
Quoting andexQ
{quote} How about AJ.. ? {image}
for you
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  • #7,514
  • Sep 11, 2013 8:06am Sep 11, 2013 8:06am
Quoting infinitus
{quote} Hi Milam, overall I am very bearish on EU. But since I showed several counts over the past days, where a wave 1 down was finished at the recent low @ 3104, we are now clearly in a wave 2 action (up). Maybe this wave 2, or wave A of 2, was finished this night at the recent top, as PT suggested. But I already voiced my concerns this morning to that count. So I am short term bullish towards the 330 to 335 area, not only based on EW, but also based on MMSMP and Murrey math. Even when we reach now 33x, that doesn't necessarily mean that wave...
Yes. It happens to the price reverses the trend for three days. But this is rare. I think we UpLeg, UpSwing and UpTrend. This can continue for at least 6 days or 366 pips. Remains least 3 days and at least 200 pips.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #7,515
  • Sep 11, 2013 8:14am Sep 11, 2013 8:14am
Quoting milam
{quote} Ok. Thanks What does it mean MMSMP?

LOL

thought that you all knew my abbreviation already, since I used it a lot (and nobody asked)


I use market profiles with a rolling period. Since I also use Murrey Math, where I use a lookback period of 32, I synchronized my market profiles by even so using a lookback period of 32.

So I called my market profiles "Murrey math Synchronized Market Profiles" or simply MMSMP
  • #7,516
  • Sep 11, 2013 8:18am Sep 11, 2013 8:18am
Quoting infinitus
{quote} LOL thought that you all knew my abbreviation already, since I used it a lot (and nobody asked) I use market profiles with a rolling period. Since I also use Murrey Math, where I use a lookback period of 32, I synchronized my market profiles by even so using a lookback period of 32. So I called my market profiles "Murrey math Synchronized Market Profiles" or simply MMSMP
im hearing this like 7-8 times good job sailor
  • #7,517
  • Sep 11, 2013 8:25am Sep 11, 2013 8:25am
Quoting milam
{quote} so, is it very subjective ?
kinda after the fact looking at it thing....imo ...but wv 1 n 2 to three are sometimes good bets..... 123 with 2 being a short dip or rally n 3 (hopefully) the long run...most of the time these days the markets are not that clear anymore..computer trading with short term in n outs...can disfigure the charts...but it is what it is i'm not fretting about it... just trying to buy low sell higher or visa verso with or w/o Elliott... still looking at it though from a distance....it has its validity..and traders showing their opinions with charts can help...especially since some of them are quite well educated abt the EW theory...im not... although I read Frost & Prechter's Book a long time ago....
  • #7,518
  • Sep 11, 2013 8:28am Sep 11, 2013 8:28am
Quoting infinitus
{quote} LOL thought that you all knew my abbreviation already, since I used it a lot (and nobody asked) I use market profiles with a rolling period. Since I also use Murrey Math, where I use a lookback period of 32, I synchronized my market profiles by even so using a lookback period of 32. So I called my market profiles "Murrey math Synchronized Market Profiles" or simply MMSMP
why not 64 instead of 32?is there a significant diff between the 2?
better be not enough salt than too much salt
  • #7,519
  • Sep 11, 2013 8:34am Sep 11, 2013 8:34am
Quoting Mad Russian
{quote} for you {image}

Thank you mate..

Btw, AU M30 currently is wonderful for scalping.. I already played 2 round Up & Down.
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  • #7,520
  • Sep 11, 2013 8:40am Sep 11, 2013 8:40am
Remembering those who lost their lives this day 12 years ago
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