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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #12,781
  • Dec 27, 2013 4:58am Dec 27, 2013 4:58am
Quoting rbetancor
This could not go to 1.3936 from 1.3620 ... it's agains too many things ... Will try .. Another short EURUSD 1.3796 SL 1.3812 TG 1.3521 Let's see if we have a lucky crazy Friday ...
EU will go 1.40+
  • #12,782
  • Dec 27, 2013 4:59am Dec 27, 2013 4:59am
Quoting jaylovin
{quote} sure it can go to 1.3936 and even higher... question is why would it climb this high at year end... over tokyo! - and not want to make new highs?
Month end flows, Santa Claus rally, retail crowd short squeeze and low volume. Quite predictable in my view.
This will probably end between today and Tuesday with some significant profit taking. Rinse and repeat.
Don't forget to buy the big dip when it comes.
Those who say it cannot be done should not interrupt those who are doing it
  • #12,783
  • Dec 27, 2013 5:13am Dec 27, 2013 5:13am
Quoting janpec1000
{quote} EU will go 1.40+

I know ... 1.44-1.48 in my calcs ... but need REST first
  • #12,784
  • Dec 27, 2013 5:16am Dec 27, 2013 5:16am
Quoting PipTrapper
{quote} Month end flows, Santa Claus rally, retail crowd short squeeze and low volume. Quite predictable in my view. This will probably end between today and Tuesday with some significant profit taking. Rinse and repeat. Don't forget to buy the big dip when it comes.
I'll not forget ... jejeje .. I have the gun ready ... just waiting behind the rocks ...
  • #12,785
  • Dec 27, 2013 5:28am Dec 27, 2013 5:28am
Took 20 pips on GCAD long yesterday, holding UCAD long since yesterday but that thing is really on hollydays heh. Expecting break of highs on GCAD for 100-200 pips rally. Oh well same goes for all G pairs. Gold is bullish above 1216 for 120 pips. Drop bellow 1203 is bearish. If there is no significant move upside on gold in next 5 trading days it will drop for sure. TP on UCAD is 30 pips above, this should be certain hit, unless if they both already gave up on holliday time. On GJ guys look for strong pinbar formed on h4 or daily. That will be good counter trade sell for 50 - 100 pips, but for now i would stay out of anything on GJ. Buying on EURAUD is so strong that its very hard to believe any other dirrection but up. 80 pips on upside should be first stop. Then more upside. EU 1.40+


@PipTrapper That makes sense, that rally on EU is quite wierd. But then on other hand who ever got squeezed is their problem technicalls did not point down on EU anyways so why shorting it. Plus its british brother is on marching draging it up along, special thanks go to Carney i guess.
  • #12,786
  • Dec 27, 2013 5:54am Dec 27, 2013 5:54am
Quoting rbetancor
{quote} I'll not forget ... jejeje .. I have the gun ready ... just waiting behind the rocks ...
Those who say it cannot be done should not interrupt those who are doing it
  • #12,787
  • Dec 27, 2013 6:05am Dec 27, 2013 6:05am
Wooooooowwwww ...!!! ... that's what low liquity produce ...
  • #12,788
  • Dec 27, 2013 6:09am Dec 27, 2013 6:09am
Quoting rbetancor
Wooooooowwwww ...!!! ... that's what low liquity produce ...
Yep. No news and Euro rallies 200+ pips and cable 170+
Those who say it cannot be done should not interrupt those who are doing it
  • #12,789
  • Dec 27, 2013 6:10am Dec 27, 2013 6:10am
Quoting PipTrapper
{quote} Month end flows, Santa Claus rally, retail crowd short squeeze and low volume. Quite predictable in my view. This will probably end between today and Tuesday with some significant profit taking. Rinse and repeat. Don't forget to buy the big dip when it comes.
ya but 3832 was never the top... i said that when it was hit... i am interested in seeing this EJ pair... its gone mad too... 1.3975 is what i am looking for... possibly might happen by next week...
  • #12,790
  • Dec 27, 2013 6:13am Dec 27, 2013 6:13am
Quoting jaylovin
{quote} ya but 3832 was never the top... i said that when it was hit... i am interested in seeing this EJ pair... its gone mad too... 1.3975 is what i am looking for... possibly might happen by next week...
I'm ready for both.

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Those who say it cannot be done should not interrupt those who are doing it
  • #12,791
  • Dec 27, 2013 6:31am Dec 27, 2013 6:31am
amazed by the people who took green pip today,
while I've closed all positions and only see movement today just as the setup for trading next year
  • #12,792
  • Dec 27, 2013 6:33am Dec 27, 2013 6:33am
maybe this:

hit of red channel line

hit of 61,8% retracement of the green C-D move

nice EW triangle pattern
Attached Image (click to enlarge)
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  • #12,793
  • Dec 27, 2013 6:40am Dec 27, 2013 6:40am
Quoting rbetancor
Wooooooowwwww ...!!! ... that's what low liquity produce ...

I do not know, where all of you are looking at at the moment regarding volume, but for me it is an average (above average) day so far
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  • #12,794
  • Dec 27, 2013 6:42am Dec 27, 2013 6:42am
Quoting rbetancor
This could not go to 1.3936 from 1.3620 ... it's agains too many things ... Will try .. Another short EURUSD 1.3796 SL 1.3812 TG 1.3521 Let's see if we have a lucky crazy Friday ...

Well, what I wrongly do manualy ... EA does better than me ... so recovered the lost pips from my madness ...

At least it's been a crazy friday ...

Doesn't see any stop till 1.3925-1.3936 ... that will be a 1.618 proection ... let's see

Will now have to do see what EA thinks at NY Open, so stablish the new area for big buying till 1.44-1.48 ... I hate when I do a perfect entry ... but goes out too early ...
  • #12,795
  • Dec 27, 2013 6:46am Dec 27, 2013 6:46am
Quoting infinitus
{quote} I do not know, where all of you are looking at at the moment regarding volume, but for me it is an average (above average) day so far {image}
What I mean it's that ... a 200+ pips move on Friday? ... where it's supposed that everyone of the big players are 'eating and drinking' ? ...

As I have told ... I KNOW that we are in a Daily uptrending till 1.44-1.48 zone ... but what I'm looking it's a 3W pullback on Daily to enter long with big load, and as far as per my system rules ... 1.3620 it's not a 3W pullback, also it's far from 50% retrace ... soooo ... something tricky here
  • #12,796
  • Dec 27, 2013 6:49am Dec 27, 2013 6:49am
S/R levels

not much resistance left so far

when 3966 goes, 4253 and 4285 may come into play


S/R levels manually drawn
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  • #12,797
  • Dec 27, 2013 6:51am Dec 27, 2013 6:51am
Quoting rbetancor
{quote} What I mean it's that ... a 200+ pips move on Friday? ... where it's supposed that everyone of the big players are 'eating and drinking' ? ... As I have told ... I KNOW that we are in a Daily uptrending till 1.44-1.48 zone ... but what I'm looking it's a 3W pullback on Daily to enter long with big load, and as far as per my system rules ... 1.3620 it's not a 3W pullback, also it's far from 50% retrace ... soooo ... something tricky here

the last move to 3624 was an ABC_flat

starting point of wave A was 3810 on 12.11.2013
  • #12,798
  • Dec 27, 2013 7:18am Dec 27, 2013 7:18am
Perfect C wave ... to the pip ... 1.38931 ..

Attached Image (click to enlarge)
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Retrace begined ?? .. will see ..
  • #12,799
  • Dec 27, 2013 7:29am Dec 27, 2013 7:29am
Holding +15 on UCAD long so far, lt should hit TP , expecting current daily highs to be smashed.

Possible GJ retraceemnt to recharge:
http://prntscr.com/2eblv2

Same with EA
http://prntscr.com/2ebm4s

GCAD long is very tempting here, 8 hours till m close hm...:
http://prntscr.com/2eboh9

@Rbetancor by they way is your EA based on your system of lows and highs? Just curious couse i have one too and its not working hehe.
  • #12,800
  • Dec 27, 2013 7:44am Dec 27, 2013 7:44am
Quoting janpec1000
@Rbetancor by they way is your EA based on your system of lows and highs? Just curious couse i have one too and its not working hehe.
Not directly ... they are only a visual aid for me ... EA 1 it's based on MultiTimeFrame Analisys of Murray Math, EA 2 (still in development) it's a MultiTimeFrame Analisys of ElliotWave Theory, both of them don't use the 'standar theory', instead and updated and adapted one, with some extra indi's as triggers.
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