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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #10,801
  • Oct 29, 2013 11:50am Oct 29, 2013 11:50am
Quoting halkins
{quote} Hey PT, guys... Any reasonable explanation to the \"sicky\" spike today? What the heck was that? If market is so volatile after Consumer Confidence, so I don't want to see it tomorrow after FED statement. Heh... I had my shorts hedged and the spike was something I wanted to take an extra profits from, right after getting back home (30 mins drive). But when I got home... it was all over
Nervous about FED statement tomorrow? Maybe only those people that just came from Middle Earth not familiar with US financial system, for the rest it should be all as expected.
  • #10,802
  • Oct 29, 2013 11:58am Oct 29, 2013 11:58am
Quoting PipTrapper
{quote} The market is nervous. The spike up was knee-jerk reaction to weak US data. The move down was the USD bears who were underwater before the spike, now jumping in and covering... and then the big boys continued covering USD shorts after in anticipation of big FOMC risk event. Some will argue that it was all a technical move. That may be so, but the catalyst was position adjustments... and still is.
Thx...
What about tomorrow?
Do you expect same unpredictable reactions?
Geess... I don't like data release, it's like casino

ps.
I wanted to edit/move my previous post, but it looks I deleted this completely.
Read Charts - Not Papers
  • #10,803
  • Oct 29, 2013 12:01pm Oct 29, 2013 12:01pm
Quoting janpec1000
{quote} Nervous about FED statement tomorrow? Maybe only those people that just came from Middle Earth not familiar with US financial system, for the rest it should be all as expected.
I am not nervous about the outcome, but about unpredictable price behavior right after FED statement.
All 100-150 pips spikes up and down in 2 minutes make me nervous
Read Charts - Not Papers
  • #10,804
  • Oct 29, 2013 12:01pm Oct 29, 2013 12:01pm
Quoting PipTrapper
{quote} Would you like me to send you a nice bottle of Glenfiddich 18? I have first hand experience that a few sips of this creamy smooth single malt will take your stress away. {image}

Have a business-meeting in a few. Shall I take the medicine before or after?
  • #10,805
  • Oct 29, 2013 12:03pm Oct 29, 2013 12:03pm
Quoting halkins
{quote} Thx... What about tomorrow? Do you expect same unpredictable reactions? Geess... I don't like data release, it's like casino ps. I wanted to edit/move my previous post, but it looks I deleted this completely.
I posted earlier (maybe in another thread) that if there is the slightest hint that the Fed may taper earlier than April 2014, or the market thinks that the Fed histed, then it will be USD positive.
If the Fed makes a statement that taper has been put off till mid 2014, then that's a different story.
So, yes... it will be like a casino tomorrow.
In other words, make sure you are properly hedged.
Those who say it cannot be done should not interrupt those who are doing it
  • #10,806
  • Oct 29, 2013 12:06pm Oct 29, 2013 12:06pm
Quoting infinitus
{quote} Have a business-meeting in a few. Shall I take the medicine before or after?
Get am empty cough medicine bottle and fill it with scotch.
Take a teaspoon with you also.
If you feel stressed, make a fake cough, but make it sound real.
Then take a spoonful of medicine.
Those who say it cannot be done should not interrupt those who are doing it
  • #10,807
  • Oct 29, 2013 12:08pm Oct 29, 2013 12:08pm
Quoting halkins
{quote} I am not nervous about the outcome, but about unpredictable price behavior right after FED statement. All 100-150 pips spikes up and down in 2 minutes make me nervous
I don't think it will be that volatile. Tomorrow's statement should produce a binary outcome. Either up or down, but not both... at least not in 2 minutes anyway.
Those who say it cannot be done should not interrupt those who are doing it
  • #10,808
  • Edited 12:48pm Oct 29, 2013 12:08pm | Edited 12:48pm
Quick Gold short at 1344.2
http://prntscr.com/20jvjq

EU m30 or h1 closes inside rectangle are bearish with short entries for me.
http://prntscr.com/20k6b3
  • #10,809
  • Oct 29, 2013 12:31pm Oct 29, 2013 12:31pm
Looks like we have a head/shoulders neckline breach on EUR/USD.
It's not confirmed yet, but if it plays out, we're heading to 1.3670.
Just need 1.3755 to hold the line and we have confirmation.

E/U H1
Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #10,810
  • Oct 29, 2013 12:43pm Oct 29, 2013 12:43pm
EURUSD, H4, 2013 October 29
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  • #10,811
  • Oct 29, 2013 12:45pm Oct 29, 2013 12:45pm
Quoting PipTrapper
{quote} Great risk/reward ratio. A windfall if it works out. Keep in mind that all the retail crowd shorts will be placing their stops just above there, so we may get a fake out to take out the short stops and trap the bulls in one swoop.
#10'742
  • #10,812
  • Oct 29, 2013 12:47pm Oct 29, 2013 12:47pm
Quoting 2046
{quote} exactly that I am building a short on H4 and D1 based on anticipated imminent bearish ichimoku crosses. W1 looks overbought with still a bit room up MN1 seems to be gaining on RSI and may turn bullish in ichimoku >> all together indication of a 'short' term (= next 7-10 days) bearish retracement to zones around 3660, 3510, 3415 H4: {image} D1: {image}
I exited at 3745 due to tomorrow's events and the associated nervousity ahead. There will be better and/or safer opportunities to re-enter short should it gain momentum. No need to see the profit slip away.
  • #10,813
  • Oct 29, 2013 12:52pm Oct 29, 2013 12:52pm
Quoting 2046
{quote} I exited at 3745 due to tomorrow's events and the associated nervousity ahead. There will be better and/or safer opportunities to re-enter short should it gain momentum. No need to see the profit slip away.
EURUSD, Monthly, 2013 October 29
My sentiments exactly.
In longer term (the next 11 months) maybe it could be in this way @ 1.48 (Ichimoku). Chinkou Span could rise more upwards.
For the next weeks I expected more shorts (CCI). If not sudden abrupt market price movements (northside) seems possible.
We'll see!
FXcube
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  • #10,814
  • Oct 29, 2013 1:09pm Oct 29, 2013 1:09pm
EURUSD, M1, 2013 October 29
Scalping Trade
Profit: +0.3%
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  • #10,815
  • Edited 1:27pm Oct 29, 2013 1:14pm | Edited 1:27pm
Quoting infinitus
{quote} HI Milam, would you mind to post the exact entries next time? Thanks in advance........ Regarding red marked text: trading by gut-feeling now?
Infy

http://www.forexfactory.com/showthre...54#post7057354

Not Gut feeling, I will call it "jump on the wagon".
Wherever you go, there you are.
  • #10,816
  • Oct 29, 2013 1:20pm Oct 29, 2013 1:20pm
Hi..can someone please tell me why the markets are dead...is everyone waiting for NFP?
  • #10,817
  • Oct 29, 2013 1:26pm Oct 29, 2013 1:26pm
Quoting Forexcube
{quote} EURUSD, Monthly, 2013 October 29 My sentiments exactly. In longer term (the next 11 months) maybe it could be in this way @ 1.48 (Ichimoku). Chinkou Span could rise more upwards. For the next weeks I expected more shorts (CCI). If not sudden abrupt market price movements (northside) seems possible. We'll see! FXcube {image}
Thanks for your comments and view;much appreciated. good to be on the same page
  • #10,818
  • Oct 29, 2013 1:34pm Oct 29, 2013 1:34pm
Quoting mahk90
Hi..can someone please tell me why the markets are dead...is everyone waiting for NFP?
Dead? I think movement was good for Monday.
  • #10,819
  • Oct 29, 2013 1:53pm Oct 29, 2013 1:53pm
Quoting PipTrapper
Looks like we have a head/shoulders neckline breach on EUR/USD. It's not confirmed yet, but if it plays out, we're heading to 1.3670. Just need 1.3755 to hold the line and we have confirmation. E/U H1 {image}
  • #10,820
  • Oct 29, 2013 1:55pm Oct 29, 2013 1:55pm
Quoting janpec1000
{quote} Dead? I think movement was good for Monday.
It's Tuesday lol
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