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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #9,021
  • Sep 20, 2013 2:49am Sep 20, 2013 2:49am
Morning All,

Wow, what a week its been...

Since the Bernanke tanked the USD, things have really not moved much... (except for that rapid spike that happened in a jiffy!), and a little CT action which followed...

its been tough to recover my losses due to lack of PA... dont think it would be much different today

A lot of traders I know are burnt out this week, no one feels like playin, they are all licking their wounds...

Best not to take any chunky positions over the weekend... but chances are, I will violate my own advice if I see something Juicy!

good luck today
90% of people, are wrong about 90% of everything, 90% of the time...
  • #9,022
  • Sep 20, 2013 2:58am Sep 20, 2013 2:58am
Quoting godim
{quote} Importance stems from the rule for all angles. When there is a break of support normal movement is down to 5960 and then end the trend. I think it is normal for the bulls to defend this support, right? {image}



Mine is around 1.60 which is the nearest TL:

http://www.forexfactory.com/showthre...33#post6977133
Wherever you go, there you are.
  • #9,023
  • Sep 20, 2013 3:00am Sep 20, 2013 3:00am
Quoting godim
{quote} Sorry for the delay. I do not sit permanently in the forum. Lately. I have a calendar. Date is 03-10-2013. http://www.forexfactory.com/showthre...72#post6951772 {image}

Ah - thank you and I apologise for not doing my homework, as you had already posted that info - and no reason for me to expect so a quick response - we all have normal lives to keep us busy.....
Trading Levels with WRBs
  • #9,024
  • Sep 20, 2013 3:07am Sep 20, 2013 3:07am
Quoting milam
{quote} sorry not clear to me.
¿¿ my interpretation that € has turned down or my levels?
Trading Levels with WRBs
  • #9,025
  • Sep 20, 2013 3:18am Sep 20, 2013 3:18am
Quoting Islander
{quote} ¿¿ my interpretation that € has turned down or my levels?
you spoke of reaching 50% and turned, 50% of what?
Wherever you go, there you are.
  • #9,026
  • Sep 20, 2013 3:25am Sep 20, 2013 3:25am
Quoting milam
{quote} Mine is around 1.60 which is the nearest TL: http://www.forexfactory.com/showthre...33#post6977133
Yes. This is a theme that I with pleasure every time I start again.
Gann angles against TrendLines.

I can show you dozens of reasons why that I do not use TrendLines.
1. to build TrendLine needed two points. In the angles - only one point is needed
2. levels of points depending on your broker.
3. "error" could once be "+" and for the other point "-". From this the slope of line is changed.
4. Error in the slope is obtained from "missing" bars at the end of the week.
5 no rule In case of breaking of TrendLine. In the angles - Work on the rule for all angles.
And so on ...
Generalize. As a tool I believe more of Gann angles than TrendLines.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #9,027
  • Sep 20, 2013 3:33am Sep 20, 2013 3:33am
Quoting PipTrapper
{quote} What about your view on Cable? Do you agree that it has topped?
Be careful, GU Monthly chart doesn't indicate that current high/level is a top area..

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  • #9,028
  • Sep 20, 2013 3:34am Sep 20, 2013 3:34am
Quoting Islander
{quote} ¿¿ my interpretation that € has turned down or my levels?
The euro just fell asleep ... He feels comfortable on the main diagonal.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #9,029
  • Sep 20, 2013 3:35am Sep 20, 2013 3:35am
Quoting godim
{quote} Yes. This is a theme that I with pleasure every time I start again. Gann angles against TrendLines. I can show you dozens of reasons why that I do not use TrendLines. 1. to build TrendLine needed two points. In the angles - only one point is needed 2. levels of points depending on your broker. 3. "error" could once be "+" and for the other point "-". From this the slope of line is changed. 4. Error in the slope is obtained from "missing" bars at the end of the week. 5 no rule In case of breaking of TrendLine. In the angles - Work...
ok, I was not comparing, I was just sharing.

Do you have a good link how to draw Gann lines? I have them on mt4, but not sure how to use them.
Wherever you go, there you are.
  • #9,030
  • Sep 20, 2013 3:37am Sep 20, 2013 3:37am
Quoting infinitus
{quote} Hi PT, once Igor was kind of bad Elliottican. He was permanentely under the impression, that the USD would be doomed. As a result, his counts were a bit manic-depressiv, constantly between "to the hell with USD" and "let us party with USD". Over the last months he seems to have switched his stance for some reasons and his counts overall have become more steadily. But he only seldomly presents an alternative count
In other words, he has good counts but they are biased based on his mood for the day Got it
Those who say it cannot be done should not interrupt those who are doing it
  • #9,031
  • Sep 20, 2013 3:38am Sep 20, 2013 3:38am
Quoting milam
{quote} you spoke of reaching 50% and turned, 50% of what?

of €s retrace from its high.....apologies, I didn't make that clear....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #9,032
  • Sep 20, 2013 3:39am Sep 20, 2013 3:39am
Quoting godim
{quote} Importance stems from the rule for all angles. When there is a break of support normal movement is down to 5960 and then end the trend. I think it is normal for the bulls to defend this support, right? {image}
I support the end of the trend... and a break of the support indicated on your gann chart will confirm it.
Those who say it cannot be done should not interrupt those who are doing it
  • #9,033
  • Sep 20, 2013 3:40am Sep 20, 2013 3:40am
Quoting Islander
{quote} of €s retrace from its high.....apologies, I didn't make that clear.... {image}
Wherever you go, there you are.
  • #9,034
  • Sep 20, 2013 3:42am Sep 20, 2013 3:42am
Quoting godim
{quote} The euro just fell asleep ... He feels comfortable on the main diagonal. {image}
and with the German Elections this weekend, € may just stay there....
Trading Levels with WRBs
  • #9,035
  • Sep 20, 2013 3:44am Sep 20, 2013 3:44am
Quoting andexQ
{quote} Be careful, GU Monthly chart doesn't indicate that current high/level is a top area.. {image}
Well I only need a move down to the 57xx area to cover my U/W shorts so I'm focused more on PA from the daily chart. What it does on the monthly is for October to worry about and I believe the September candle is fully cooked.
Those who say it cannot be done should not interrupt those who are doing it
  • #9,036
  • Sep 20, 2013 3:53am Sep 20, 2013 3:53am
Quoting PipTrapper
{quote} What about your view on Cable? Do you agree that it has topped?
hello Pip trapper,

GU is a Tough one. Overshoot of 1.60 is a problem. Don't know but seems its has more potential to go Up in Future.(1.67xx)

Here is USDCHF now.

Where do you live in Canada?
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Markets are not Random, they are designed!
  • #9,037
  • Sep 20, 2013 4:05am Sep 20, 2013 4:05am
Look as that ended fans. Will build a new one.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #9,038
  • Sep 20, 2013 5:05am Sep 20, 2013 5:05am
Quoting Raza
{quote} hello Pip trapper, GU is a Tough one. Overshoot of 1.60 is a problem. Don't know but seems its has more potential to go Up in Future.(1.67xx) Here is USDCHF now. Where do you live in Canada? {image} {image} {image}
Yes I know Raza, and thanks for your feedback. Anything is possible, but in the shorter term I would like to see a pullback towards 57xx. I guess we'll find out eventually (next week?)

Regarding Canada, I used to live in Ontario and still have a presence there, but right now I am enjoying much nicer weather and a more relaxed lifestyle in the Mediterranean Maltese Islands
Those who say it cannot be done should not interrupt those who are doing it
  • #9,039
  • Sep 20, 2013 6:22am Sep 20, 2013 6:22am
Daneric

Chart Sentiment USD

http://1.bp.blogspot.com/-3zw6D9ryrZ...0/image002.gif
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  • #9,040
  • Sep 20, 2013 6:27am Sep 20, 2013 6:27am
Quoting godim
Look as that ended fans. Will build a new one. {image} {image} {image}

Hi Godim and all the Gann-Lovers


Gift for you today:

a nice little Excel-file


try out, what it can do for you
Attached File(s)
File Type: xlsx Infinitus sq9 calculator.xlsx   289 KB | 443 downloads
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