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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #8,581
  • Sep 17, 2013 6:42pm Sep 17, 2013 6:42pm
Quoting PipTrapper
{quote} Lets have this discussion tomorrow otherwise I'm going to end up with QWERTY etched into my forehead I'm off to bed.
Good evening pips! Same for me. Still holding short EU till London opens and still waiting kiwi to take the dive.

See U tomorrow for the FOMC.

Cheers
  • #8,582
  • Sep 17, 2013 7:29pm Sep 17, 2013 7:29pm
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wOULD be good idea to long of the TL OR AROUND 9319-30
  • #8,583
  • Sep 17, 2013 7:33pm Sep 17, 2013 7:33pm
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  • #8,584
  • Sep 17, 2013 9:36pm Sep 17, 2013 9:36pm
Quoting Mr. Scott
{quote} Hi Venzen and PT, I have 1.27 ext at 1.59666(always take a short on those numbers ) but also a nice tl and an ugly gartley. It is in my sell zone but other than the 666 number, it is weekly and I will give it room. I apologize if the chart is a mess but a lot going on in a small area. {image}

HI Scott,

Glad you posted - this chart confirms a lot for me: i had the same TL and also had 1.596x as the reversal level based on a confluence of 3 Fibs drawn from the diagonal up.

The current breakdown of the uptrend is messy and I cannot get a handle on what the structure is. 1.589x seems to have special significance because it keeps telling PA "None shall pass". A downside break will reveal more.

BTW. happy to see your lucky number came up
cryptocurrency everytime
  • #8,585
  • Sep 17, 2013 9:46pm Sep 17, 2013 9:46pm
Quoting venzen
{quote} HI Scott, Glad you posted - this chart confirms a lot for me: i had the same TL and also had 1.596x as the reversal level based on a confluence of 3 Fibs drawn from the diagonal up. The current breakdown of the uptrend is messy and I cannot get a handle on what the structure is. 1.589x seems to have special significance because it keeps telling PA "None shall pass". A downside break will reveal more. BTW. happy to see your lucky number came up
Hi Venzen,

Glad you saw some value in it. I know it was kind of a mess but thought there were a lot of important things in a small area.

666 comes up a lot, if I remember correctly S & P bottomed at 666 in 2009.

Best of luck tomorrow.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,586
  • Sep 17, 2013 9:50pm Sep 17, 2013 9:50pm
Quoting infinitus
{quote} short term count on Gold http://www.ew-forecast.com/newslette...inting__lower_ I thought about shorting Gold this afternoon (I mean, shorting a bit more ), but found, that my system does not highlight a special good entry. Looking at my trading system, chances are quite high, that we do see a bit of pop-up over the next day(s). Then I found this count and it fits to what I expect
Infinitus,

Thanks for this count link.

Once I accepted that Gold is most likely going for a new low, i've been trying to get an entry and it took a few tries for an entry to stick without PA threatening a bigger upside correction. Seems the downside support keeps being tested and then PA runs back to safety above 1,308. Now below that, let's hope this 5th wave (of iii ?) down extends and shows us something!
cryptocurrency everytime
  • #8,587
  • Sep 17, 2013 9:55pm Sep 17, 2013 9:55pm
Quoting Mr. Scott
{quote} Hi Venzen, Glad you saw some value in it. I know it was kind of a mess but thought there were a lot of important things in a small area. 666 comes up a lot, if I remember correctly S & P bottomed at 666 in 2009. Best of luck tomorrow.

Thanks Scott, and good luck to you too.

The chart is not as messy as you make it out - I think it's dense, but clear as to what you're uncovering.

I wish i could stick to my resolution of staying out of this market until after FOMC, but i have a monkey on my back that keeps seeing entry opportunities - i think his name is "Greedy" or perhaps "Reckless"!

Hopefully tomorrow everything is clearer and the Fed has not come up with a ridiculous 2016 rate target.
cryptocurrency everytime
  • #8,588
  • Sep 17, 2013 11:01pm Sep 17, 2013 11:01pm
+250 pips short Gold!Still hold it!
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  • #8,589
  • Sep 17, 2013 11:30pm Sep 17, 2013 11:30pm
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You may visit my blog here for more commentaries on each pair.
  • #8,590
  • Sep 18, 2013 12:29am Sep 18, 2013 12:29am
Gidday Everybody

Hi Vensen hard case old EUR/YEN
  • #8,591
  • Sep 18, 2013 12:33am Sep 18, 2013 12:33am
Good morning dreamers.
Wherever you go, there you are.
  • #8,592
  • Sep 18, 2013 12:39am Sep 18, 2013 12:39am
two charts from me

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #8,593
  • Sep 18, 2013 1:54am Sep 18, 2013 1:54am
Quoting eliteincome
Gidday Everybody Hi Vensen hard case old EUR/YEN

hi Elite,

EJ in suspended anime... no worries: FOMC will move it a few 100 in both directions!

best of luck to you and everybody here.
cryptocurrency everytime
  • #8,594
  • Sep 18, 2013 2:50am Sep 18, 2013 2:50am
Quoting kaka_ht
+250 pips short Gold!Still hold it! {image}

nice trade
you may wanna consider an exit strategy, divergences are building...
90% of people, are wrong about 90% of everything, 90% of the time...
  • #8,595
  • Sep 18, 2013 3:22am Sep 18, 2013 3:22am
why the yen became so powerful all of sudden? did i miss anything?
Come tomorrow, I'll wake up new
  • #8,596
  • Sep 18, 2013 3:31am Sep 18, 2013 3:31am
Quoting gsbharaj
why the yen became so powerful all of sudden? did i miss anything?
Yeah took a dive

on minute chart now

try an raid some pips:nerd:
  • #8,597
  • Sep 18, 2013 4:11am Sep 18, 2013 4:11am
i had setup a Take profit target on my MT4 platform with FXCM. i could see clearly that my target was hit and the price went going up and still my trade didnot close strange!
Come tomorrow, I'll wake up new
  • #8,598
  • Sep 18, 2013 4:19am Sep 18, 2013 4:19am
Quoting gsbharaj
i had setup a Take profit target on my MT4 platform with FXCM. i could see clearly that my target was hit and the price went going up and still my trade didnot close strange!

few months ago i was facing same problem then i find out this is because of the difference between ask price and bid price. my tread was not open because of 1 pips but i see that price touch my target.

anyway good luck............. lot's of pips available to grab.
Trend Is Friend
  • #8,599
  • Sep 18, 2013 5:11am Sep 18, 2013 5:11am
Hi guys

I am looking for an indicator that shows me the high/low of the previous day and the high/low of the first hour from London opening. Thank you.
Wherever you go, there you are.
  • #8,600
  • Sep 18, 2013 5:12am Sep 18, 2013 5:12am
Quoting Sober_Colm
GBPCAD Right, finally taking this trade. Sell @ 1.6440.
Stopped at BE; bloody MMs using the UK data to take shorts out & load more themselves imo. Will be looking to go short again before FOMC.

Now that the GU highs have been taken out we could be done though wouldn't be surprised if we pushed up past 6010 just to clear out the last of the obvious stops. Should probably take out the weekly EU high too at a minimum, for which some bad housing data would help. I don't like the idea of being on the same side of the trade as 70% of the retail crowd, which seems to be the case at present on EU & GU, so a strong stop hunt before or just after FOMC would give a little more conviction that it'll soon be time for these pesky market makers to unleash the dollar power.
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