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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #8,501
  • Sep 17, 2013 3:45am Sep 17, 2013 3:45am
Quoting Sober_Colm
GBPCAD. Weekly. I believe GBP is still overvalued & should fall against the USD but the technicals line up better vs CAD imo at present. The weekly CCI/ MACD divergence is still valid & RSI is at its highest in 4 years & usually reverses off these levels. Based on what we saw when we originally got to this point, & what we have seen so far this week, looks it like there is supply here so the 3 year range, as highlighted by a number of posters here already, still looks valid.....
GBPCAD

Right, finally taking this trade. I agree GU is appealing but looking at the weekly the strongest supply is at 6400 but with GCAD we're at supply in a clear range; when GU broke higher in the past 2-3 weeks, GCAD couldn't breakout. W1 & D1 MACD/ CCI divergences all over the place too, which are the basis of anything technical for me. Shorting GCAD may also give a little protection from FOMC volatility. I'm expecting a 3-6 month trade based on the assessment that GBP is overvalued (inflated in part by much of the market thinking gilts were a safehaven), UK & Europe's economy can't sustain UK recovery/ growth & CAD will benefit if there is USD strength, which I believe there will be in the coming months. At least the Canadians have Oil (I know it costs more to produce etc, etc, but goddamnit they have it & are a net exporter). Anyway, some fundamentals along with technicals, worth an entry imo sell @ 1.6440.
  • #8,502
  • Sep 17, 2013 3:51am Sep 17, 2013 3:51am
Quoting milam
{quote} 10.8 and just downloaded the parallels soft (14 days trial) to view mt4

I am a big fan of Mac, I think they are better than windows computers any day (exception: Mountain Lion, which is the biggest piece of crap ever!!)

If your only reason for testing parallels is for MT4 (and you are a Mac native otherwise), I highly recommend checking out Crossover, which has a lower resource footprint than parallels, and actually has a "bottle" specially for MT4 (native support)

Btw, I am still running snow leopard (10.6.8) and I still think its their best OS yet

cheers
90% of people, are wrong about 90% of everything, 90% of the time...
  • #8,503
  • Sep 17, 2013 3:58am Sep 17, 2013 3:58am
Quoting theDHT
{quote} I am a big fan of Mac, I think they are better than windows computers any day (exception: Mountain Lion, which is the biggest piece of crap ever!!) If your only reason for testing parallels is for MT4 (and you are a Mac native otherwise), I highly recommend checking out Crossover, which has a lower resource footprint than parallels, and actually has a "bottle" specially for MT4 (native support) Btw, I am still running snow leopard (10.6.8) and I still think its their best OS yet cheers
Wherever you go, there you are.
  • #8,504
  • Sep 17, 2013 4:03am Sep 17, 2013 4:03am
I'm done here for now. Lunch time for me and off to see the sea
As always, back for NY session.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,505
  • Edited 4:27am Sep 17, 2013 4:12am | Edited 4:27am
Quoting Sober_Colm
{quote} GBPCAD Right, finally taking this trade. I agree GU is appealing but looking at the weekly the strongest supply is at 6400 but with GCAD we're at supply in a clear range; when GU broke higher in the past 2-3 weeks, GCAD couldn't breakout. W1 & D1 MACD/ CCI divergences all over the place too, which are the basis of anything technical for me. Shorting GCAD may also give a little protection from FOMC volatility. I'm expecting a 3-6 month trade based on the assessment that GBP is overvalued (inflated in part by much of the market thinking gilts...
Poky Poky done for GCad later Bull.
Markets are not Random, they are designed!
  • #8,506
  • Sep 17, 2013 4:18am Sep 17, 2013 4:18am
So, you guys think prices would not move much till tomorrow?
Wherever you go, there you are.
  • #8,507
  • Sep 17, 2013 4:58am Sep 17, 2013 4:58am
So i have done for today!
  • #8,508
  • Sep 17, 2013 4:58am Sep 17, 2013 4:58am
Quoting milam
So, you guys think prices would not move much till tomorrow?

the times they are a'changing... both pre-planned and unexpected moves happen when everyone least expects it.
cryptocurrency everytime
  • #8,509
  • Sep 17, 2013 5:44am Sep 17, 2013 5:44am
Quoting venzen
{quote} the times they are a'changing... both pre-planned and unexpected moves happen when everyone least expects it.
buy the rumor sell the news going out of fashion!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #8,510
  • Sep 17, 2013 5:47am Sep 17, 2013 5:47am
Quoting venzen
{quote} the times they are a'changing... both pre-planned and unexpected moves happen when everyone least expects it.
Wherever you go, there you are.
  • #8,511
  • Sep 17, 2013 6:00am Sep 17, 2013 6:00am
Quoting Schickeria
{quote} My view ist first up to min 0.9334 or 0.9349 than down to 0.9194 in extension 0.9050
. watch........0.9349 area
  • #8,512
  • Sep 17, 2013 6:30am Sep 17, 2013 6:30am
Caution: Dollars Risk and Rewards Soon To Be Delivered

http://forexblog.oanda.com/20130917/...-be-delivered/
Those who say it cannot be done should not interrupt those who are doing it
  • #8,513
  • Sep 17, 2013 6:43am Sep 17, 2013 6:43am
EURUSD, M1, 2013 September 17
EURUSD, M5, 2013 September 17
Scalping Trades
Profit: +1.5%
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  • #8,514
  • Sep 17, 2013 6:45am Sep 17, 2013 6:45am
Scalping
When scalping it seems not necessary to have a trend or a swinging trade at the market.
Gathering some pips seems absolutely enough for me three or four times a day.
I like to do it more often in market environments with a weaken volatility.
FXcube
  • #8,515
  • Sep 17, 2013 6:50am Sep 17, 2013 6:50am
Quoting Forexcube
Scalping When scalping it seems not necessary to have a trend or a swinging trade at the market. Gathering some pips seems absolutely enough for me three or four times a day. I like to do it more often in market environments with a weaken volatility. FXcube


Just like a game of pong

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Those who say it cannot be done should not interrupt those who are doing it
  • #8,516
  • Sep 17, 2013 6:56am Sep 17, 2013 6:56am
Quoting PipTrapper
{quote} Just like a game of pong {image}
Oh yes indeed!
ping-pong in slow-motion!
FXcube
  • #8,517
  • Sep 17, 2013 7:04am Sep 17, 2013 7:04am
Quoting Forexcube
Scalping When scalping it seems not necessary to have a trend or a swinging trade at the market. Gathering some pips seems absolutely enough for me three or four times a day. I like to do it more often in market environments with a weaken volatility. FXcube
I'm trading off the 1 min chart, trying to catch the intra day swings which currently means that I'm looking for 10 to 20 pips in my bank

These are a couple of trades that I took earlier - in at the first arrow and out at the tick - the other arrows are just showing additional potential entries - these charts were already posted elsewhere.

As entries were close to the news, they were half sized, giving a total of 3.1% - as you said three or four of these a day keeps the bank manager at bay.....
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Trading Levels with WRBs
  • #8,518
  • Edited 7:29am Sep 17, 2013 7:05am | Edited 7:29am
Quoting Raza
{quote} Poky Poky done for GCad later Bull.
Do you mean intra-day? Are you expecting a LL before bull returns to head past London high? I think on the whole MMs are accumulating GBP shorts so definite possibility of seeing 6470-6500 but I still think GBP is in for a correction in the long term.

EDIT: MMs have already taken out the low which is suggestive of an upcoming bull move past the London high, possibly on the data release so, at +50p, will move sl to BE & start over if stopped out as looking like MMs may use data to trend north for the remainder of the day so no point being on the wrong side of the market & may even get a better entry for the short.
  • #8,519
  • Sep 17, 2013 8:11am Sep 17, 2013 8:11am
Quoting Schickeria
Good morning to all! Welcome again fucking point @ 1.33538 called ala Schickeria "muschi" {image} {image}
1.33538 once again...... fucking point
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  • #8,520
  • Sep 17, 2013 8:19am Sep 17, 2013 8:19am
Quoting Schickeria
{quote} 1.33538 once again...... fucking point {image} {image} {image}
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