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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #8,601
  • Sep 18, 2013 5:22am Sep 18, 2013 5:22am
Hi friends,


have set-up a new page on my blog. On this page you can access some sentiment data from various brokes on one view.

If you have further sources for sentiment (links, widgets, etc.) let me know and I will add it to the list.


http://singulorum001.blogspot.de/p/sentiment.html
  • #8,602
  • Sep 18, 2013 5:23am Sep 18, 2013 5:23am
Quoting kaka_ht
+250 pips short Gold!Still hold it! {image}

Niiiiiiiiiice!!!
  • #8,603
  • Sep 18, 2013 5:44am Sep 18, 2013 5:44am
Quoting Sober_Colm
{quote} 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,...
Thats called Pokey pokey.... Sorry...

Trade Idea GU.,,,,If FOMC or Tap.... what ever it is does not F**C this Up.
Attached Image (click to enlarge)
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Markets are not Random, they are designed!
  • #8,604
  • Sep 18, 2013 5:52am Sep 18, 2013 5:52am
FXCM USDOLLAR Daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: usdollardaily.png Size: 67 KB

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #8,605
  • Sep 18, 2013 5:52am Sep 18, 2013 5:52am
Quoting infinitus
{quote} short 1/10 @ 5911 GBPUSD CALL I will risk the top
was stopped out on this one with -0,51%


PO sell 1/10 @ 5990

PO sell 1/10 @ 5999

PO sell 1/10 @ 6110


no SL


GBPUSDCALL
  • #8,606
  • Sep 18, 2013 5:54am Sep 18, 2013 5:54am
Quoting PipTrapper
FXCM USDOLLAR Daily chart {image}

thank you, Sir
  • #8,607
  • Sep 18, 2013 6:00am Sep 18, 2013 6:00am
Quoting infinitus
{quote} thank you, Sir
My pleasure
Those who say it cannot be done should not interrupt those who are doing it
  • #8,608
  • Sep 18, 2013 6:15am Sep 18, 2013 6:15am
Silver

Trade Idea.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver.png Size: 58 KB
Markets are not Random, they are designed!
  • #8,609
  • Sep 18, 2013 6:41am Sep 18, 2013 6:41am
Quoting theDHT
{quote} nice trade you may wanna consider an exit strategy, divergences are building...
take 1/2...
  • #8,610
  • Sep 18, 2013 7:01am Sep 18, 2013 7:01am
GBP Set To Top Vs USD & EUR; USD Index Basing Continues - BofA Merrill
http://www.efxnews.com/story/20767/g...s-bofa-merrill
Those who say it cannot be done should not interrupt those who are doing it
  • #8,611
  • Sep 18, 2013 7:05am Sep 18, 2013 7:05am
Quoting Raza
Silver Trade Idea. {image}
Hi Raza. Is that supposed to be a leading diagonal?
If so, aren't these the rules?
wave 3 larger than wave 1
wave 5 larger than wave 3
wave 4 larger than wave 2
wave 4 overlaps wave 1

Or am I wrong on that?
Those who say it cannot be done should not interrupt those who are doing it
  • #8,612
  • Sep 18, 2013 7:49am Sep 18, 2013 7:49am
Quoting PipTrapper
{quote} Hi Raza. Is that supposed to be a leading diagonal? If so, aren't these the rules? wave 3 larger than wave 1 wave 5 larger than wave 3 wave 4 larger than wave 2 wave 4 overlaps wave 1 Or am I wrong on that?

It appears he is referring to this:


The Three Drives Pattern Although it was not specifically identified, one of the first references to a Three Drives pattern was outlined in Robert Prechter's book, "Elliot Wave Principle." He described the general nature of price action that possessed either a three-wave or a five-wave structure. Adapted from this principle, symmetrical price movements that possess identical Fibonacci projections in a 5- wave price structure constitute a Three Drives pattern. In "The Harmonic Trader," the patterns importance of other larger retracements and projections improved the accuracy of the pattern in real trading situations. The book was one of the first to emphasize the the critical aspect of this pattern that each drive complete precisely at consecutive harmonic ratios - either a 1.13, 1.27 or a 1.618. Also, the price legs should possess clear symmetry with each drive forming over equivalent time periods.


http://www.harmonictrader.com/3drivesbullre.jpg http://www.harmonictrader.com/3drivesbearre.jpg

Bullish Bearish
The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,613
  • Sep 18, 2013 7:58am Sep 18, 2013 7:58am
Quoting Mr. Scott
{quote} It appears he is referring to this: The Three Drives Pattern Although it was not specifically identified, one of the first references to a Three Drives pattern was outlined in Robert Prechter's book, "Elliot Wave Principle." He described the general nature of price action that possessed either a three-wave or a five-wave structure. Adapted from this principle, symmetrical price movements that possess identical Fibonacci projections in a 5- wave price structure constitute a Three Drives pattern. In "The Harmonic Trader," the patterns...
Thanks Scott. Another nugget for my collection.
Perhaps it's time to purchase and read Prechter's book. However, I must admit it's a lot more fun learning in small spoonfuls

ADD: Just noticed that Raza does in fact have a reference to "3 Drive" at the lower right of his chart.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,614
  • Sep 18, 2013 8:28am Sep 18, 2013 8:28am
Fee Fi Fo Fed
http://seekingalpha.com/article/1699...cro_view&ifp=0
Those who say it cannot be done should not interrupt those who are doing it
  • #8,615
  • Sep 18, 2013 8:29am Sep 18, 2013 8:29am
Quoting PipTrapper
{quote} Thanks Scott. Another nugget for my collection. Perhaps it's time to purchase and read Prechter's book. However, I must admit it's a lot more fun learning in small spoonfuls ADD: Just noticed that Raza does in fact have a reference to "3 Drive" at the lower right of his chart.
You are welcome PT, just thought I would show it in case people were not familiar with it. Also there is this as well:

Definition of 'Wolfe Wave'
In technical analysis, it is a naturally occurring trading pattern present in all financial markets. The pattern is composed of five waves showing supply and demand and a fight towards an equilibrium price. These patterns can develop over short- and long-term time frames such as minutes or weeks and are used to predict where a price is heading and when it will get there.


http://i.investopedia.com/inv/dictio...s/AT-wolfe.gif


If identified correctly, Wolfe waves can be used to accurately predict the scope (equilibrium price) of the underlying security. To identify Wolfe waves, they must have the following characteristics:

Waves 3-4 must stay within the channel created by 1-2
Wave 1-2 equals waves 3-4 (shows symmetry)
Wave 4 is within the channel created by waves 1-2
There is regular time between all waves
Wave 5 exceeds trendline created by waves 1 and 3 and is the entry point

The estimated price is a price along the trendline created by waves 1 and 4 (point 6).


Source: www.harmonictrader.com
The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,616
  • Sep 18, 2013 8:49am Sep 18, 2013 8:49am
Quoting Mr. Scott
{quote} You are welcome PT, just thought I would show it in case people were not familiar with it. Also there is this as well: Definition of 'Wolfe Wave' In technical analysis, it is a naturally occurring trading pattern present in all financial markets. The pattern is composed of five waves showing supply and demand and a fight towards an equilibrium price. These patterns can develop over short- and long-term time frames such as minutes or weeks and are used to predict where a price is heading and when it will get there. {image} If identified correctly,...

Like this?

USD/CHF H4
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh4.png Size: 53 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #8,617
  • Sep 18, 2013 8:51am Sep 18, 2013 8:51am
Quoting PipTrapper
Fee Fi Fo Fed http://seekingalpha.com/article/1699...cro_view&ifp=0
I agree with this article. I think the Fed tapers as expected because the bond market gave it to them. They would be foolish not take it.

Speaking to a friend, he felt it was mostly irrelevant and a over reaction. Looked like an increase in risk premium to me and fed futures freak out.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,618
  • Sep 18, 2013 8:59am Sep 18, 2013 8:59am
Quoting Mr. Scott
{quote} I agree with this article. I think the Fed tapers as expected because the bond market gave it to them. They would be foolish not take it. Speaking to a friend, he felt it was mostly irrelevant and a over reaction. Looked like an increase in risk premium to me and fed futures freak out.

What's that saying again? "Never look a gift horse in the mouth"?
Those who say it cannot be done should not interrupt those who are doing it
  • #8,619
  • Sep 18, 2013 11:53am Sep 18, 2013 11:53am
Quoting PipTrapper
FXCM USDOLLAR Daily chart {image} {image}
Hi PT,

from my side and my system say: USD Index should start a upward move to min. 81.91 (ca. 75 pips) atm. I posted the last days that i missed target @ 81.09. So i expect i spike upwards on GBP USD and EUR USD than down. (This are targets from US Index for September).

GBP USD Targets: 1.6003 1.6008/9 and in extension 1.6035/9
  • #8,620
  • Sep 18, 2013 12:13pm Sep 18, 2013 12:13pm
USA (sorry only german)


http://www.handelsblatt.com/politik/...t/8806996.html
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