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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #10,501
  • Oct 20, 2013 10:35am Oct 20, 2013 10:35am
Quoting PipTrapper
EUR/USD: 3 Reasons To Hit 1.40 S/T & 3 Reasons To Sell There - Citi http://www.efxnews.com/story/21279/e...ell-there-citi
For me the answer lies in the chart from this post.

http://www.forexfactory.com/showthre...11#post7033211

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There is some loss of support. Although it is only a few pips. If there was support target would be 4260. Maybe. My experience suggested that there may be return for support. Entirely personal opinion. I can not compare myself to these analysts.

Moreover it is only 4 pips for 512 days.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #10,502
  • Oct 20, 2013 10:42am Oct 20, 2013 10:42am
Quoting andexQ
{quote} This is my projection (red-lines), though I'm not really sure about this.. {image}
Added :
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  • #10,503
  • Oct 20, 2013 10:51am Oct 20, 2013 10:51am
Quoting andexQ
{quote} This is my projection (red-lines), though I'm not really sure about this.. {image}
Looks conceivable. It's what I expect also. Then we see if support holds. If not, I expect a much harder rally to squeeze out the remaining shorts... A parabolic finish so to speak. The target could be anywhere between 1.38 and 1.42... just like we had in October 2011
Those who say it cannot be done should not interrupt those who are doing it
  • #10,504
  • Oct 20, 2013 10:58am Oct 20, 2013 10:58am
Quoting godim
{quote} For me the answer lies in the chart from this post. http://www.forexfactory.com/showthre...11#post7033211 {image} There is some loss of support. Although it is only a few pips. If there was support target would be 4260. Maybe. My experience suggested that there may be return for support. Entirely personal opinion. I can not compare myself to these analysts. Moreover it is only 4 pips for 512 days. {image} {image}
Yes I believe it will be attacked, but we may get a correction first to pick up more buyers.
It is hard to conceive fresh buyers entering at these nose bleed levels.
Those who say it cannot be done should not interrupt those who are doing it
  • #10,505
  • Oct 20, 2013 12:03pm Oct 20, 2013 12:03pm
Quoting Mr. Scott
{quote} And thinking some more. So, let's say LC is right and has some more to run. How much more? That first retracement was 88.6. Could it be? I prefer fibs of last swing but tl's are in play. {image}
Inserted Video




Over thinking, over analyzing,
separates the body from the mind.
Withering my intuition, leaving opportunities behind.

Feed my will to feel this moment,
urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

And following our will and whim,
we may just go where no one's been.
We'll ride the spiral to the end
and may just go where no one's been.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,506
  • Oct 20, 2013 1:35pm Oct 20, 2013 1:35pm
Quoting PipTrapper
{quote} Very well laid out explanation. You will be a teacher in your next life.

Holy shit!!! Let me stay in hell instead
  • #10,507
  • Oct 20, 2013 1:51pm Oct 20, 2013 1:51pm
Quoting PipTrapper
{quote} So what do you think about this count and alternates? {image} Source >>> http://www.youtube.com/watch?v=RV7rDvkesUY
As long as the high is not invalidated, the count is in the cards, too.

But the wave 1 down after the end of the wave E has a very overlapping character. Impulse, corrective move, or leading diagonal?

If leading diagonal, then we expect it to retrace very high, commonly around 80-85%, which we have done and a bit more. Only time will tell........
  • #10,508
  • Oct 20, 2013 2:04pm Oct 20, 2013 2:04pm
Quoting infinitus
{quote} As long as the high is not invalidated, the count is in the cards, too. But the wave 1 down after the end of the wave E has a very overlapping character. Impulse, corrective move, or leading diagonal? If leading diagonal, then we expect it to retrace very high, commonly around 80-85%, which we have done and a bit more. Only time will tell........
Of course. As always.
Those who say it cannot be done should not interrupt those who are doing it
  • #10,509
  • Oct 20, 2013 2:05pm Oct 20, 2013 2:05pm
Quoting infinitus
{quote} Holy shit!!! Let me stay in hell instead
Save me a nice spot next to the fireplace
Those who say it cannot be done should not interrupt those who are doing it
  • #10,510
  • Oct 20, 2013 2:37pm Oct 20, 2013 2:37pm
bigger tf shows 1.42 in the cards... even 1.4450..
  • #10,511
  • Oct 20, 2013 2:53pm Oct 20, 2013 2:53pm
Quoting PipTrapper
{quote} Save me a nice spot next to the fireplace
I'll be in charge of Air-conditioning when U guys show up.....lots of leverage here..... better behave....
  • #10,512
  • Oct 20, 2013 2:58pm Oct 20, 2013 2:58pm
Quoting PipTrapper
{quote} Yes I believe it will be attacked, but we may get a correction first to pick up more buyers. It is hard to conceive fresh buyers entering at these nose bleed levels.
plus the fact that i like to cash in on sm short positions as well....not that it would matter...to the market anyway...
  • #10,513
  • Oct 20, 2013 3:00pm Oct 20, 2013 3:00pm
Levels
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  • #10,514
  • Oct 20, 2013 3:02pm Oct 20, 2013 3:02pm
Quoting jaylovin
bigger tf shows 1.42 in the cards... even 1.4450..

spot the area in need for volume fill
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  • #10,515
  • Oct 20, 2013 3:03pm Oct 20, 2013 3:03pm
Quoting TraderPablo
{quote} I'll be in charge of Air-conditioning when U guys show up.....lots of leverage here..... better behave....

  • #10,516
  • Oct 20, 2013 3:18pm Oct 20, 2013 3:18pm
Quoting TraderPablo
{quote} plus the fact that i like to cash in on sm short positions as well....not that it would matter...to the market anyway...
Those who say it cannot be done should not interrupt those who are doing it
  • #10,517
  • Oct 20, 2013 3:21pm Oct 20, 2013 3:21pm
Quoting infinitus
{quote} spot the area in need for volume fill {image}
Looks like 1.2080 could use some volume
Those who say it cannot be done should not interrupt those who are doing it
  • #10,518
  • Oct 20, 2013 4:14pm Oct 20, 2013 4:14pm
AU look attractive to short, isn't it ?

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  • #10,519
  • Oct 20, 2013 4:16pm Oct 20, 2013 4:16pm
Hi all.


38 or 3587
Wherever you go, there you are.
  • #10,520
  • Oct 20, 2013 4:21pm Oct 20, 2013 4:21pm
Quoting milam
Hi all. 38 or 3587
either way...i'll live....what u think? maybe better don't think in this business just trade of what we C (see)...
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