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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #12,921
  • Jan 2, 2014 8:48am Jan 2, 2014 8:48am
so far, we have taken some virgin POC's out today. Next on the downside is 3589 (weekly), 3516 (monthly) and 3513 (daily)


On some MT4 brokerage charts there will be a monthly V-POC at 3764. But this level was already traded when most MT4 brokers had closed
  • #12,922
  • Jan 2, 2014 8:49am Jan 2, 2014 8:49am
Quoting janpec1000
{quote} I think you guys are on risky buys here. This is too strong selling, only strong bounce could now reverse it in mid term. GCAD short 1.7533 Pending short EA 1.504 Looking for consolidated pullback on EU to short it, or broken weak low.
Hit TP on GCAD +42 pips. +70 for today and still holding AU short on profit. I am building my account this year for possible investment fund so i need proof of 6 months good profits and DD bellow 30%. As long as i follow my system with 90% win rate it should be done ok.

Gold climbing lets see what it does 50 pips above. GCAD either strong bounce here or defeat of bulls and GBP is finanly doing its retraceemnt trough all gbp pairs.
UCAD failed on bulish pins, now i am looking for break of support and one decent short, no TP target yet.
  • #12,923
  • Jan 2, 2014 8:58am Jan 2, 2014 8:58am
Quoting rbetancor
{quote} Risking a total of 120 pips (3 ops combined loss will be that) ... for getting a 720 pips (combined gains of the 3 ops if target reached) ... it's ok for me Also this is not STRONG SELL ... it's just a 3W correction of 250-300 (1.3900 to 1.3650) pips ... for another rally up of 450-500 pips (1.3650-1.4010)
I'm with you mate.
I took these trades earlier...

Quoting PipTrapper
I'm long at 1.3650 targeting 1.4x
Stop loss on a daily close below 1.3620
I couldn't resist that risk/reward ratio
Quoting PipTrapper
I am also short USD/CHF at 0.9000 targeting sub 8800
SL on daily close above 0.9050
Those who say it cannot be done should not interrupt those who are doing it
  • #12,924
  • Jan 2, 2014 9:34am Jan 2, 2014 9:34am
EA tanked bellow support, this looks like down now. EU should follow. 1.5130 should be target for EA, bout 50-100 on EU downside.
  • #12,925
  • Jan 2, 2014 2:56pm Jan 2, 2014 2:56pm
Quoting janpec1000
{quote} Closed first AU short +25, holding second one open for drop bellow daily support (BE SL put). EA not moving anywhere at moment. Hm strong drop on EU, break of bullish wedge on down side. I dont like shorts on EU at moment but i dont see any place to long now either. 1.3630 should be most likely bounce or if taken it could go lower. GU 1.647 taken is probably bearish for a bit. I might jump with some pendings south of that. And here is what i wait on UCAD: bullish pinbar h4 or h1: http://prntscr.com/2ftp1o
UCAD completed my expectations, h4 gave nice bullish pin on rebound. I was very late to party but just saying 40 pips up to precise analysis of my predicted entry.
http://prntscr.com/2fxwr1


GU and EU going bellow durring next 2-3 h4 candles.
  • #12,926
  • Jan 3, 2014 5:35am Jan 3, 2014 5:35am
Took 8 pips on EU short. Still holding GU short , waiting for another bounce on UCAD h4 trendline. EA tanked quite a lot, looking for more weak on EURO now and shorting of EA, will reshort after NY open, either EU or EA.
  • #12,927
  • Jan 3, 2014 6:03am Jan 3, 2014 6:03am
what a boring day so far

if the low gives way, we surly may welcome the 3545 area

when we get rejected again, look first at 3672, but may also reach the 3702 to 3733 area
  • #12,928
  • Jan 3, 2014 7:04am Jan 3, 2014 7:04am
Low will fail, EU and GU both down. Funny enough dollar looks bearish for now too on UJ, UCAD and UCHF.
  • #12,929
  • Jan 3, 2014 7:22am Jan 3, 2014 7:22am
Yup low failed, +20 pips GU +14 EU, closed ahead of news, though i dont think that news will change dirrection.

*Edit: looks like no news darn, have to reenter trades now. Bernamke speech in 6 hours, lets see how market celebrates him leaving chairman position.
  • #12,930
  • Jan 3, 2014 7:27am Jan 3, 2014 7:27am
Quoting infinitus
what a boring day so far if the low gives way, we surly may welcome the 3545 area when we get rejected again, look first at 3672, but may also reach the 3702 to 3733 area


E/U M30
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm30.png Size: 50 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #12,931
  • Jan 3, 2014 7:43am Jan 3, 2014 7:43am
lets see how it works TP 1.37138
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  • #12,932
  • Jan 3, 2014 7:52am Jan 3, 2014 7:52am
Quoting Schickeria
lets see how it works TP 1.37138 {image}

Hi Schickeria,

how was the M42 "firework"?
  • #12,933
  • Jan 3, 2014 7:56am Jan 3, 2014 7:56am
Quoting PipTrapper
{quote} E/U M30 {image}
Agree with down target of 1.3540
Looking at GCAD for next 2 hours if it gives short entry.

Meanwhile trying to get some nice profits in fx to purchase cryptocurrencies, got scammed on purchase of Bitcoin week ago, not giving up on it, as Criptsy makes great investment opurtunity.

http://coinmarketcap.com/
  • #12,934
  • Jan 3, 2014 7:57am Jan 3, 2014 7:57am
Quoting PipTrapper
{quote} E/U M30 {image}
Same idea here ...

Will open longs all over that zone ... I think that will be between today and Monday NY open
  • #12,935
  • Jan 3, 2014 8:17am Jan 3, 2014 8:17am
Quoting janpec1000
Yup low failed, +20 pips GU +14 EU, closed ahead of news, though i dont think that news will change dirrection. *Edit: looks like no news darn, have to reenter trades now. Bernamke speech in 6 hours, lets see how market celebrates him leaving chairman position.
Exit GU +10 , quick scalp. Pending short triggered on EU 1.3618, smaller position.
  • #12,936
  • Jan 3, 2014 8:42am Jan 3, 2014 8:42am
Quoting rbetancor
{quote} Same idea here ... Will open longs all over that zone ... I think that will be between today and Monday NY open
I already have a long at 1.3651 so I won't be opening any more till we either hit 1.3550 or PA tells me that the move down is definitely done.
Regardless, I'm bullish on this pair and Cable as well as bearish U/CHF
Those who say it cannot be done should not interrupt those who are doing it
  • #12,937
  • Jan 3, 2014 8:48am Jan 3, 2014 8:48am
Quoting janpec1000
{quote} Agree with down target of 1.3540 Looking at GCAD for next 2 hours if it gives short entry. Meanwhile trying to get some nice profits in fx to purchase cryptocurrencies, got scammed on purchase of Bitcoin week ago, not giving up on it, as Criptsy makes great investment opurtunity. http://coinmarketcap.com/
Bitcoin is too young for me. For now I only see it as a speculative bubble. I could be wrong but rather safe than sorry. Lots of opportunities for nice profits in other mature instruments.
Those who say it cannot be done should not interrupt those who are doing it
  • #12,938
  • Jan 3, 2014 9:01am Jan 3, 2014 9:01am
Quoting PipTrapper
{quote} I already have a long at 1.3651 so I won't be opening any more till we either hit 1.3550 or PA tells me that the move down is definitely done. Regardless, I'm bullish on this pair and Cable as well as bearish U/CHF
Yes .. must watch at lower TF's to see when PA tells that downmove have been completed.

Have pending buy @1.35836 and another one @1.35534, the first one ... AT least to see a retest of 1.36138 .... and the second one looking for 1.4010 ... both with SL around 1.3520
  • #12,939
  • Jan 3, 2014 9:12am Jan 3, 2014 9:12am
Quoting PipTrapper
{quote} Bitcoin is too young for me. For now I only see it as a speculative bubble. I could be wrong but rather safe than sorry. Lots of opportunities for nice profits in other mature instruments.
Sure bit mind that as investment it is rather attractive only now as it has low capitalization, once that starts shooting up along with its maturity its gona be too late for investment. I am mainly interested in alter-currencies becouse they can create such profits that no other investment instrument can, risk is ofcourse in pair with that.

Holding EU short +10, TP 1.3568, expecting 100 pips more drop on EA, which aligns with about 30 pips on EU. Pending GJ short set bellow current m30 low. If low is taken we could finally see that retracement coming. GU testing trendline h4, bounce here or down.
  • #12,940
  • Jan 3, 2014 9:33am Jan 3, 2014 9:33am
Quoting rbetancor
{quote} Yes .. must watch at lower TF's to see when PA tells that downmove have been completed. Have pending buy @1.35836 and another one @1.35534, the first one ... AT least to see a retest of 1.36138 .... and the second one looking for 1.4010 ... both with SL around 1.3520
Those who say it cannot be done should not interrupt those who are doing it
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