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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #13,101
  • Jan 12, 2014 9:13am Jan 12, 2014 9:13am
Quoting infinitus
Now this guy gets completely nuts, saying, that the rally in Gold from 260 to 1900 was a "bear"-market rally http://elliottwave5pointzeroreboot.b...-going-to.html I find it very interesting and curious, how some people break with fundamentals and logic in order to justify their counts (and vice versa). I mean, I try to keep open minded, but that........?
Maybe he meant bear market in anything else but Gold. For example 2001 bear stocks market with twins attack and all wars, then later 2008 bear market overall except Gold, and now bear market from QE (fake bull market in stocks and else). And we had bear market in t bills and bonds all the way to current date.

Unless his Elliot wave counting is suggested to be bearish, that i dont know couse i am not Elliot wave trader.
  • #13,102
  • Jan 12, 2014 9:33am Jan 12, 2014 9:33am
Quoting infinitus
{quote} I mean, how can we start history with a correction? Shall that mean, we end the following impulse below zero? When we talk EW about currency pairs, well, that is a completely different story. Hence my idea, that currency-pairs are floating in a kind of eternal triangle, since a complete devastation of one currency should be a very very rare event
Ye rare event to see currency destroyed but that is very relative. We are only 40 years into fiat system and we have faced death of Euro quite seriously (Goldman was on high altert for n selling), we are seriously facing strong inflation on USD and further devaluation which can only end bad, we had plenty emerging market currencies battered down by USD, we have Argentina again in big currency crisis, we have inflated GBP, inflated Yen, and in order to keep Debt monetizing this all HAS to countiniue. In the end this triangle can last as long as USD is in reserve currency position with petrodollar status, once that is gona whole triangle is kaput. I look forward to see that happen, hopefully people will be smart putting money into bitcoin before kaput happens and see their wealth go into sky. We are getting new internet protocol soon, so called Meganet, which should be ready soon. Even though that US regulators will bring laws and ban bitcoin from US that wont stop it, meganet will fill gap and then NSA and regulators can f*** off. We are on march, it just needs to pass more time for more people to see it.

The only sad thing is that would be end of forex, question is where to put myself then
  • #13,103
  • Jan 12, 2014 12:33pm Jan 12, 2014 12:33pm
bacck from break, my best wishes for the not so new year, lustiger haufen
  • #13,104
  • Jan 12, 2014 12:39pm Jan 12, 2014 12:39pm
first look at charts trying to get the bigger picture
EU (D1, H4): will be looking for weakness from around 3700 and 3720; 356 and 366 S/R zones are still in play.
  • #13,105
  • Jan 12, 2014 12:45pm Jan 12, 2014 12:45pm
GU (D1): short to 626 based on RSI divergence and anticipated bearish TKx (tenkan kijun cross)
  • #13,106
  • Jan 12, 2014 5:40pm Jan 12, 2014 5:40pm
Quoting janpec1000
{quote} Maybe he meant bear market in anything else but Gold. For example 2001 bear stocks market with twins attack and all wars, then later 2008 bear market overall except Gold, and now bear market from QE (fake bull market in stocks and else). And we had bear market in t bills and bonds all the way to current date. Unless his Elliot wave counting is suggested to be bearish, that i dont know couse i am not Elliot wave trader.

No, he meant bear market rally in Gold, since he has set up a gigantic ABC-move up.....
  • #13,107
  • Jan 12, 2014 5:44pm Jan 12, 2014 5:44pm
Quoting janpec1000
{quote} Ye rare event to see currency destroyed but that is very relative. We are only 40 years into fiat system and we have faced death of Euro quite seriously (Goldman was on high altert for n selling), we are seriously facing strong inflation on USD and further devaluation which can only end bad, we had plenty emerging market currencies battered down by USD, we have Argentina again in big currency crisis, we have inflated GBP, inflated Yen, and in order to keep Debt monetizing this all HAS to countiniue. In the end this triangle can last as long...

Only problem I see with Meganet: KIM DOT COM
  • #13,108
  • Jan 12, 2014 5:45pm Jan 12, 2014 5:45pm
Quoting 2046
bacck from break, my best wishes for the not so new year, lustiger haufen

Happy New Year my friend


Where have you been?
  • #13,109
  • Jan 13, 2014 1:20am Jan 13, 2014 1:20am
And of course, HFT manipulation is all about unicorns......

http://www.zerohedge.com/news/2014-0...rupled-3-years
  • #13,110
  • Jan 13, 2014 1:27am Jan 13, 2014 1:27am
as long as they fight themselves

http://rt.com/news/isil-executes-dozens-islamists-500/
  • #13,111
  • Jan 13, 2014 1:29am Jan 13, 2014 1:29am
Fed up with euro, France flirts with coupon money

http://rt.com/business/france-curren...tive-euro-415/
  • #13,112
  • Jan 13, 2014 2:56am Jan 13, 2014 2:56am
Quoting janpec1000
Analysis for next week. http://prntscr.com/2ift9k http://prntscr.com/2iftn6 http://prntscr.com/2ifufc http://prntscr.com/2ifuyh http://prntscr.com/2ifwk6 http://prntscr.com/2ifx7w http://prntscr.com/2ifxxb http://prntscr.com/2ifyvv

All pairs moving in predicted direction, gona keep shorting as long as there is no sign of lows forming. 400 pips worth analysis so far, this could be easily 1k+.
  • #13,113
  • Jan 13, 2014 5:43am Jan 13, 2014 5:43am
Quoting janpec1000
{quote} All pairs moving in predicted direction, gona keep shorting as long as there is no sign of lows forming. 400 pips worth analysis so far, this could be easily 1k+.

Do you constantly trade multiple pairs? Or do you have specialized on SOME pairs?

I do trade 99% of the time only EU, GU, UJ and Gold
  • #13,114
  • Jan 13, 2014 5:48am Jan 13, 2014 5:48am
that could give the pound a negative spin

UK Treasury gives debt pledge on Scotland
  • #13,115
  • Jan 13, 2014 5:50am Jan 13, 2014 5:50am
EUR/USD - Wave 2 is almost done, look for a new decline soon.

EWS's analysis of EU
  • #13,116
  • Jan 13, 2014 7:37am Jan 13, 2014 7:37am
Quoting infinitus
{quote} Do you constantly trade multiple pairs? Or do you have specialized on SOME pairs? I do trade 99% of the time only EU, GU, UJ and Gold
There is no such thing as specialization in my view. Sure every pair is different in terms of movement and fundamentals but its really not that its taking year to master every pair by itself. As long as you are firm on system all pairs should be tradeable. My trading setup each day is EU, GJ, GU, UJ, UCAD, UCHF, EA, GA,GCHF.

GJ target.
http://prntscr.com/2iz5hk

Expecting UJ to follow down. Pending short waiting bellow current "low".
  • #13,117
  • Jan 13, 2014 7:41am Jan 13, 2014 7:41am
Quoting janpec1000
{quote} There is no such thing as specialization in my view. Sure every pair is different in terms of movement and fundamentals but its really not that its taking year to master every pair by itself. As long as you are firm on system all pairs should be tradeable. My trading setup each day is EU, GJ, GU, UJ, UCAD, UCHF, EA, GA,GCHF. GJ target. http://prntscr.com/2iz5hk Expecting UJ to follow down. Pending short waiting bellow current "low".

Trading/watching so many pairs would be to time consuming for me.....

Are you full time trader?
  • #13,118
  • Jan 13, 2014 8:25am Jan 13, 2014 8:25am
Quoting infinitus
{quote} Trading/watching so many pairs would be to time consuming for me..... Are you full time trader?
Its not. I spend 15 minutes trading per day. I can follow all pairs in that time. I check charts every 3 or 4 hour. One doesnt have to be full time trader to bank 500 pips a week, unless you are m1 scalper hehe.

UJ broken low, pending short activated +15 so far. Exited GJ for 100, if current level is broken i am selling back, expecting 400 pips drop. EA should follow further down, AUD has strenghtened wierd bounce on that daily lows but looks like bulls are strong enough. Pending buy on EU waiting above current h4 high, sell waiting bellow low, either way is fine with good reward, somehow down seems more likely as GU looks like its starting its retracement, waiting with pending sell there too. 60 pips further down on GBPCHF, if GU starts retracement then target is full correction of up leg on H4 GBPCHF.


Nice Kijun slips on GA, 3 times in row. Thats where Ichimoku kicks in and gives information on price that no other indicator does, not even price action itself hehe.
http://prntscr.com/2izkgo
  • #13,119
  • Jan 13, 2014 10:34am Jan 13, 2014 10:34am
Quoting infinitus
Yeeeeeeks, Goldman concludes, that SP500 is 30% overvalued Did Goldman Just Kill The Music? - "The S&P500 Is Now Overvalued By Almost Any Measure" Who would have thunk?

I mean: what a bunch of idiots

some few weeks ago they gave a target of 1850-2000 for the year 2014


can only mean: plan accomplished, they are short now
  • #13,120
  • Jan 13, 2014 10:41am Jan 13, 2014 10:41am
Quoting infinitus
{quote} I mean: what a bunch of idiots some few weeks ago they gave a target of 1850-2000 for the year 2014 can only mean: plan accomplished, they are short now
Yup. Kinda puzzled on Gold, looks like they are still celebrating new year or something couse shorters are away for now with exception of Fridays news.
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