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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #8,281
  • Sep 16, 2013 7:08am Sep 16, 2013 7:08am
Quoting andexQ
{quote} Btw, what do you think about this : {quote} {quote}
My belief is that ever since the globalization of financial and corporate markets, every tradeable instrument has become more correlated to the others in such a way that it is as if everything rises and falls in unison.
When you see a divergence from this, it usually corrects itself in time. It may be a mass psychology driven phenomenon, but I think it is more related to the macroeconomic realities that all the major economies are joined at the hip.
So anyway, yes... when you see one instrument displaying similar patterns to another one, and one of them is lagging, you can pretty well bet your boots that the lagging one will follow suit and even eventually catch up.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,282
  • Sep 16, 2013 7:10am Sep 16, 2013 7:10am
Quoting Mad Russian
{quote}
and we have toooo much multiple user. i see every day a new "ali" as a new member.
  • #8,283
  • Sep 16, 2013 7:12am Sep 16, 2013 7:12am
Quoting schickeria
{quote} and we have toooo much multiple user. I see every day a new "ali" as a new member.
sometimes people getting tired of the same name lol
  • #8,284
  • Sep 16, 2013 7:34am Sep 16, 2013 7:34am
Quoting PipTrapper
{quote} My belief is that ever since the globalization of financial and corporate markets, every tradeable instrument has become more correlated to the others in such a way that it is as if everything rises and falls in unison. When you see a divergence from this, it usually corrects itself in time. It may be a mass psychology driven phenomenon, but I think it is more related to the macroeconomic realities that all the major economies are joined at the hip. So anyway, yes... when you see one instrument displaying similar patterns to another one,...
Wonderful explanation mate..
  • #8,285
  • Sep 16, 2013 7:52am Sep 16, 2013 7:52am
Quoting PipTrapper
{quote} Money management including low leverage and taking partial profits at every opportunity. That's the key to survival in this business. I have to admit this summer has not been nice to me, but I am still up by 52% for the year so far. It's less than I usually do, but that's trading for you... sometimes you get slapped in the back of the head with a 2x4. Thanks to my MM helmet, no major injuries

trading, like life, is a marathon, not a sprint...

slow and steady wins the race!

btw that's a very strong return profile, regardless of whether or not you think you are under-performing!!

cheers dude!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #8,286
  • Sep 16, 2013 8:01am Sep 16, 2013 8:01am
UJ

H4
Attached Image (click to enlarge)
Click to Enlarge Name: USD JPY H4 09.16.13.png Size: 48 KB
90% of people, are wrong about 90% of everything, 90% of the time...
  • #8,287
  • Sep 16, 2013 8:09am Sep 16, 2013 8:09am
Quoting godim
eur/usd {image}
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 49 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #8,288
  • Sep 16, 2013 8:14am Sep 16, 2013 8:14am
Is anyone dare to short GU now.. ?
  • #8,289
  • Sep 16, 2013 8:14am Sep 16, 2013 8:14am
Quoting theDHT
{quote} trading, like life, is a marathon, not a sprint... slow and steady wins the race! btw that's a very strong return profile, regardless of whether or not you think you are under-performing!! cheers dude!
Well I don't remember the exact figure, but in the first week of July I was up around 85%... I think (not sure) it was 87%.
Most traders would see this as a loss of 35%, but I am not that picky.
Years ago I was elated with an annualized return of 30%... It's all in how you look at it.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,290
  • Sep 16, 2013 8:17am Sep 16, 2013 8:17am
Quoting PipTrapper
{quote} Well I don't remember the exact figure, but in the first week of July I was up around 85%... I think (not sure) it was 87%. Most traders would see this as a loss of 35%, but I am not that picky. Years ago I was elated with an annualized return of 30%... It's all in how you look at it.

now if i were a Douche Bag... I may accuse you of bragging...

90% of people, are wrong about 90% of everything, 90% of the time...
  • #8,291
  • Sep 16, 2013 8:23am Sep 16, 2013 8:23am
Quoting PipTrapper
{quote} Well I don't remember the exact figure, but in the first week of July I was up around 85%... I think (not sure) it was 87%. Most traders would see this as a loss of 35%, but I am not that picky. Years ago I was elated with an annualized return of 30%... It's all in how you look at it.

Gain sometimes is derived from Pain
  • #8,292
  • Sep 16, 2013 8:26am Sep 16, 2013 8:26am
Quoting theDHT
{quote} now if i were a Douche Bag... I may accuse you of bragging...
HaHa. You know, usually when bloggers become DBs it is because they are sustaining losses and they are too proud to admit it.

Anyway, If I am bragging, then I am bragging about losing 35%, yes?
Those who say it cannot be done should not interrupt those who are doing it
  • #8,293
  • Sep 16, 2013 8:28am Sep 16, 2013 8:28am
Quoting infinitus
{quote} Gain sometimes is derived from Pain
That's right... Just drop the P and add the G
Wish it was that simple.
Anyway, I'm not complaining... just trying to be as transparent as possible without pulling down my pants and bending over
Those who say it cannot be done should not interrupt those who are doing it
  • #8,294
  • Sep 16, 2013 8:30am Sep 16, 2013 8:30am
~ If there is no nominee by Sept. 18, when policy makers conclude their meeting, “there will be questions about how much faith to put into the forward guidance” on monetary policy. ~


Fed Leadership Doubt Erodes Low-Rate Message as QE Taper Looms

http://www.bloomberg.com/news/2013-0...per-looms.html
Those who say it cannot be done should not interrupt those who are doing it
  • #8,295
  • Sep 16, 2013 8:31am Sep 16, 2013 8:31am
Quoting PipTrapper
{quote} Money management including low leverage and taking partial profits at every opportunity. That's the key to survival in this business. I have to admit this summer has not been nice to me, but I am still up by 52% for the year so far. It's less than I usually do, but that's trading for you... sometimes you get slapped in the back of the head with a 2x4. Thanks to my MM helmet, no major injuries

Hahaha, we two are of same kind, I think often. Was up way more a few weeks ago. GU hurts a bit more, the new high in SP500 hurts a bit, Gold behaves

and EU sucks since Friday


It is all no big problem, since I always keep leverage in check. But it hurts my feelings


Most of the time I get myself in trouble, when I try to establish long term positions
  • #8,296
  • Sep 16, 2013 8:31am Sep 16, 2013 8:31am
Quoting andexQ
Is anyone dare to short GU now.. ?

I'm in short.

GU just having completed a diagonal as wave e of a triangle, there should be a swift move to 1.49. If PA exceeds 1.60 then the scenario i just described is invalidated.
cryptocurrency everytime
  • #8,297
  • Sep 16, 2013 8:33am Sep 16, 2013 8:33am
Quoting pipcenturion
{quote} Locate the new point of control formed today around NY open. It came with buying pressure.

good call


Hope to read more from you
  • #8,298
  • Sep 16, 2013 8:34am Sep 16, 2013 8:34am
Quoting pipcenturion
{quote} Thanks for the chart sir. Let's wait to see how the weekly candle closes. I see intra-year support at 0.8417 Price has already put in the ADR for today and exceeded it and with a new point of control for the day, I feel the up move is very welcome. I see intra-month resistance at 0.8444 within the next 4 trading days, it will be interesting to see how price reacts to the resistance. From there, we would know what to do next. Have a happy weekend.

Looking at 8410-20 first, but 844x should be stronger
  • #8,299
  • Sep 16, 2013 8:34am Sep 16, 2013 8:34am
Quoting venzen
{quote} I'm in short. GU just having completed a diagonal as wave e of a triangle, there should be a swift move to 1.49. If PA exceeds 1.60 then the scenario i just described is invalidated.
... not so fast buddy...

... need a screen shot of your account...

90% of people, are wrong about 90% of everything, 90% of the time...
  • #8,300
  • Sep 16, 2013 8:36am Sep 16, 2013 8:36am
Quoting pipcenturion
Hi Markus, check the market profile for EURGBP - New point of control for today was formed about one hour ago. I strongly suggest that this is a lead to the outcome of the Eurogroup meeting. I expect bullishness on the Euro. Have fun!

Have you followed the Eurogroup meeting?

Was there something what would have caused the spike up, or do we have to attribute it solely on Summers dismissal?
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