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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #8,861
  • Sep 19, 2013 7:33am Sep 19, 2013 7:33am
"...the path of tapering is going to be tough because every time the market thinks they are going to taper, yields will likely rise and conditions will tighten" - Deutsche Bank
  • #8,862
  • Sep 19, 2013 7:34am Sep 19, 2013 7:34am
Quoting AllyB
{quote} in your dreams
Well, better than nothing.
Wherever you go, there you are.
  • #8,863
  • Sep 19, 2013 7:37am Sep 19, 2013 7:37am
Quoting Tsar
{quote} 'First Target' Used DAILY Chart :nerd: {image}
Yes. I always use the daily chart. Even M15 - still the daily chart. But when I show this chart have more questions.

What to see? Where is the support? Where would be the resistance? Then, if there is resistance, where would be support? The rule is only one: the rule of all angles.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 63 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #8,864
  • Sep 19, 2013 7:37am Sep 19, 2013 7:37am
Quoting AllyB
{quote} in your dreams



  • #8,865
  • Sep 19, 2013 7:40am Sep 19, 2013 7:40am
better job data than expected, should be good for USD

now they seem to play waiting game for their American friends, who are about to digest their breakfast. After that, can we start a move down?


Quoting infinitus
US initial jobless claims 309k vs 330k exp
  • #8,866
  • Sep 19, 2013 7:42am Sep 19, 2013 7:42am
EJ is on a mission
  • #8,867
  • Sep 19, 2013 7:46am Sep 19, 2013 7:46am
Quoting AllyB
EJ is on a mission

as well as UJ

UJ has already recovered from the drop yesterday
  • #8,868
  • Sep 19, 2013 7:47am Sep 19, 2013 7:47am
Quoting infinitus
better job data than expected, should be good for USD now they seem to play waiting game for their American friends, who are about to digest their breakfast. After that, can we start a move down? {quote}
Looks like 25000 were due to CA as they still can not figure out how to use a computer.

Ben blows a free pass and now this continues.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,869
  • Sep 19, 2013 7:51am Sep 19, 2013 7:51am
Quoting infinitus
{quote} as well as UJ UJ has already recovered from the drop yesterday
it sure is ... I may put in a PO at 134.80/90 on EJ
  • #8,870
  • Sep 19, 2013 8:01am Sep 19, 2013 8:01am
Quoting AllyB
{quote} it sure is ... I may put in a PO at 134.80/90 on EJ

long term trade or short term?

For longer term I have first good fib level around 136,7, but may extend towards even 145


But I am not the EJ expert here
  • #8,871
  • Sep 19, 2013 8:08am Sep 19, 2013 8:08am
Quoting infinitus
{quote} long term trade or short term? For longer term I have first good fib level around 136,7, but may extend towards even 145 But I am not the EJ expert here
I was trading it quite a bit earlier when EU was not moving and all you had to do is buy EJ. then it slowed down and I went back to dustbins so haven't kept up with it lately. it would be a fairly short term trade ... too impatient for those long holding trades you know
  • #8,872
  • Sep 19, 2013 8:16am Sep 19, 2013 8:16am
Cable: Follow up
(Link to original post :http://www.forexfactory.com/showthre...32#post6964232)

As a trader, the greatest opportunities present themselves when Fundamentals and Technicals line up perfectly...

We can potentially make our year on a couple of trades...

Here is my chart, with 7 techno-fundamental reasons why I think this pair is a good candidate for a "core" long in your portfolio

In the interest of full disclosure, I am holding cable longs for the last 300 pips and fully expect it to go to the moon

counter-arguments are always welcome! they greatly help in the idea generation process

Cable
Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: Cable Weekly 09.19.13.png Size: 73 KB

note: closing at or above the 78.6% is key in the short term... but I think on an intermediate term basis, we can see the writing on the wall
90% of people, are wrong about 90% of everything, 90% of the time...
  • #8,873
  • Sep 19, 2013 8:24am Sep 19, 2013 8:24am
Quoting infinitus
"...the path of tapering is going to be tough because every time the market thinks they are going to taper, yields will likely rise and conditions will tighten" - Deutsche Bank
I guess they read my rant from last night
Quoting PipTrapper
{quote} ..Therefore until we get rid of this QEInfinity crap, the economy will continue to grow too slowly to meet the Fed's projections, and if Benny tries to exit, the interest rates will prevent the Fed from reaching it's growth targets. Benny is stuck in a corner. ...... "Forward Guidance" my left nut.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,874
  • Sep 19, 2013 8:34am Sep 19, 2013 8:34am
Quoting AllyB
{quote} I was trading it quite a bit earlier when EU was not moving and all you had to do is buy EJ. then it slowed down and I went back to dustbins so haven't kept up with it lately. it would be a fairly short term trade ... too impatient for those long holding trades you know

EW count on EJ

daily TF

looks like an expanding ending diagonal is in the work. It's wave 5 is developing fairly weakly

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_JPY_Daily_snapshot EW long term.png Size: 54 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_JPY_Daily_snapshot ew close in.png Size: 42 KB
  • #8,875
  • Sep 19, 2013 8:44am Sep 19, 2013 8:44am
Quoting infinitus
{quote} EW count on EJ daily TF looks like an expanding ending diagonal is in the work. It's wave 5 is developing fairly weakly {image} {image}
that helps me see why you selected the levels you did ... thanks! gives me something to think about now
  • #8,876
  • Sep 19, 2013 8:48am Sep 19, 2013 8:48am
Quoting AllyB
{quote} {quote} too late ... already saw it
I saw you too... my Queen
Always looking the GREAT, never left GOOD Point...
  • #8,877
  • Sep 19, 2013 8:57am Sep 19, 2013 8:57am
Quoting Tsar
{quote} I saw you too... my Queen

LOL ...
  • #8,878
  • Sep 19, 2013 9:08am Sep 19, 2013 9:08am
Quoting theDHT
Cable: Follow up (Link to original post :http://www.forexfactory.com/showthre...32#post6964232) As a trader, the greatest opportunities present themselves when Fundamentals and Technicals line up perfectly... We can potentially make our year on a couple of trades... Here is my chart, with 7 techno-fundamental reasons why I think this pair is a good candidate for a "core" long in your portfolio In the interest of full disclosure, I am holding cable longs for the last 300 pips and fully expect it to go to the moon counter-arguments...
You do realize that if it actually does go that high, it invalidates the entire weekly triangle breakout. That would certainly be bad news for my long term cable shorts which I have yet to cover.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,879
  • Sep 19, 2013 9:09am Sep 19, 2013 9:09am
Quoting AllyB
{quote} that helps me see why you selected the levels you did ... thanks! gives me something to think about now

the levels I selected were fib projections, derived by the length of wave 3, and derived by the length of the wave 4, based on this count
  • #8,880
  • Sep 19, 2013 9:12am Sep 19, 2013 9:12am
Quoting infinitus
{quote} the levels I selected were fib projections, derived by the length of wave 3, and derived by the length of the wave 4, based on this count
Do you happen to have a G/U count that you feel has high probabilities? I need to make some decisions regarding my remaining LT shorts and the more info I have, the clearer my decision can be... I think.
Those who say it cannot be done should not interrupt those who are doing it
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