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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #12,941
  • Jan 3, 2014 9:40am Jan 3, 2014 9:40am
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 - at this stage I would be very careful when going long

Had traces of mania - out of my sight should correct down into 60-200 range before buys should be considered JMHO
  • #12,942
  • Jan 3, 2014 9:50am Jan 3, 2014 9:50am
when we take the move down from the top at 3818 as a 5 wave impulse, then wave 1 is now = wave 5


when we take the move from the 389x top to the recent low as ABC, then wave C is now 1.27 wave A
  • #12,943
  • Jan 3, 2014 10:01am Jan 3, 2014 10:01am
Quoting infinitus
{quote} Hi Schickeria, how was the M42 "firework"?

Ui...... frag lieber nicht
  • #12,944
  • Jan 3, 2014 10:06am Jan 3, 2014 10:06am
Quote
Had traces of mania - out of my sight should correct down into 60-200 range before buys should be considered JMHO

I dont see any much chance for it to be brough down on 100 , becouse there are simply so many active investors hunting for lower prices so whenever you see drop of 10 or 20% there is emidiate buyback and you can emidently see increased activity on bitcoin forums from investors. Only reason for price to be brought so low is if globalists somehow find way to hack it, bind it down with new laws or with help of investment bank to destroy it from inside as investment opurtunity to their investors like we are already seeing from JPM or ML (not sure which bank was it). But market itself wont let it dive too far, we have seen that even chinese "ban" didnt do much, becouse capitalization recovered back to 10 bilion, PA is still laging behind but it is climbing already too .
  • #12,945
  • Jan 3, 2014 10:08am Jan 3, 2014 10:08am
EU - Bitch is going now to start a rocket

What is bitcoin????
  • #12,946
  • Jan 3, 2014 10:26am Jan 3, 2014 10:26am
Quoting Schickeria
{quote} Ui...... frag lieber nicht

wer mußte sterben?
  • #12,947
  • Jan 3, 2014 10:28am Jan 3, 2014 10:28am
Quoting janpec1000
{quote} I dont see any much chance for it to be brough down on 100 , becouse there are simply so many active investors hunting for lower prices so whenever you see drop of 10 or 20% there is emidiate buyback and you can emidently see increased activity on bitcoin forums from investors. Only reason for price to be brought so low is if globalists somehow find way to hack it, bind it down with new laws or with help of investment bank to destroy it from inside as investment opurtunity to their investors like we are already seeing from JPM or ML (not...

Maybe it is now in a wave 2 up of a bigger impulse down (or in the B-wave up of a bigger ABC down)

wave 2 and B have the same in mind - to fool as many people as possible
  • #12,948
  • Jan 3, 2014 10:32am Jan 3, 2014 10:32am
Quoting infinitus
when we take the move down from the top at 3818 as a 5 wave impulse, then wave 1 is now = wave 5 when we take the move from the 389x top to the recent low as ABC, then wave C is now 1.27 wave A
But downmove have not been 5W inpulsive ... have been 3W corrective and it's now doing a flat till 1.3583-1.3553 ... where did you see an inpulsive downmove ?

ElliotWave analysed and Murray Math anaylesed ... no impulsive down move, just corrective

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  • #12,949
  • Jan 3, 2014 10:33am Jan 3, 2014 10:33am
Muschi formation - be care works very well!
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  • #12,950
  • Jan 3, 2014 10:38am Jan 3, 2014 10:38am
Moreover ... if we take a look at Daily indis ... we see a huge unload of the stochrsi in 3 days ... thats FULL sign of softlading and corrective move
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  • #12,951
  • Jan 3, 2014 10:46am Jan 3, 2014 10:46am
Quoting rbetancor
{quote} But downmove have not been 5W inpulsive ... have been 3W corrective and it's now doing a flat till 1.3583-1.3553 ... where did you see an inpulsive downmove ? ElliotWave analysed and Murray Math anaylesed ... no impulsive down move, just corrective {image}

Look at what I wrote:

taking the movement of the 3818 top seems to be 5 waves

you can spot it easily by looking at daily TF



But all in all, I think it will go down more
  • #12,952
  • Jan 3, 2014 10:47am Jan 3, 2014 10:47am
OR broken fickschlitten!!!!!
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  • #12,953
  • Jan 3, 2014 10:51am Jan 3, 2014 10:51am
Quoting rbetancor
Moreover ... if we take a look at Daily indis ... we see a huge unload of the stochrsi in 3 days ... thats FULL sign of softlading and corrective move {image}

from a mathematical point of view forget that after the hefty spike to the recent high. Especially when using Stochs with short lookback period

And never forget when looking at Stochs:

normally, 90% of the gains of the whole move are made in the area, when the stochs are above 90 or below 10
  • #12,954
  • Jan 3, 2014 10:52am Jan 3, 2014 10:52am
Quoting rbetancor
Moreover ... if we take a look at Daily indis ... we see a huge unload of the stochrsi in 3 days ... thats FULL sign of softlading and corrective move {image}

what is your plan, when the top is already in?
  • #12,955
  • Jan 3, 2014 10:53am Jan 3, 2014 10:53am
Pending long (if we get a broken leg and demolished fickschlitten)

1.35963
1.35892
1.35820

TP 1.37138
  • #12,956
  • Jan 3, 2014 11:07am Jan 3, 2014 11:07am
EUR/USD: S/T Uptrend Severed; Sell At Mkt, Add At 1.37 - Commerzbank
http://www.forexfactory.com/attachment.php?attachmentid=1339293&stc=1&d=1388746556

From efxnews.com

http://www.forexfactory.com/resources/images/icons/newsstory-quote.png

EUR/USD started the year in a defensive mode as the market has severed the short term uptrend, and sold off to the 55 day ma at 1.3631 and the 23.6% retracement at 1.3625, notes Commerzbank. "At the end of last year we saw the market spike towards and fail at the 2008-2014 resistance line, this is currently located at 1.3885. Coupled with the divergence of the daily RSI, we look for further weakness and we should see the market come under further pressure," CB projects. "Failure at the 1.3625 20th December low should provoke a return visit to 1.3325/1.3295 (recent low, Fibo and 200 day ...


Juas, Juas, Juas ...!!! , Time to begin to lookup at lower TF's ...

  • #12,957
  • Jan 3, 2014 11:11am Jan 3, 2014 11:11am
Quoting rbetancor
EUR/USD: S/T Uptrend Severed; Sell At Mkt, Add At 1.37 - Commerzbank http://www.forexfactory.com/attachment.php?attachmentid=1339293&stc=1&d=1388746556 From efxnews.comhttp://www.forexfactory.com/resources/images/icons/newsstory-quote.pngEUR/USD started...
Sorry rb....

i give a shit what banks writing and thinking - trade your way that is the best way!
  • #12,958
  • Jan 3, 2014 11:11am Jan 3, 2014 11:11am
Quoting infinitus
{quote} from a mathematical point of view forget that after the hefty spike to the recent high. Especially when using Stochs with short lookback period And never forget when looking at Stochs: normally, 90% of the gains of the whole move are made in the area, when the stochs are above 90 or below 10
But this indi is not normal stochastics ... it's a different one ... when at LOW of indi (still have room down on Daily) and in a buy zone ... and EW and Murray analysis tells me ... 'in zone' ... I downgrade to lower TF's ... looking for reversal patterns ... that's a way to get good entries with low risk
  • #12,959
  • Jan 3, 2014 11:13am Jan 3, 2014 11:13am
Quoting Schickeria
{quote} Sorry rb.... i give a shit what banks writing and thinking - trade your way that is the best way!
Same as me ... whe I read that ... I think the opposite and think that's it's time to downgrade to 15M and 5M graphs to begin looking for reversal patterns
  • #12,960
  • Jan 3, 2014 11:14am Jan 3, 2014 11:14am
Quoting Schickeria
{quote} Sorry rb.... i give a shit what banks writing and thinking - trade your way that is the best way!

My sentiments exactly!
Best wishes from Switzerland!
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