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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #13,161
  • Jan 16, 2014 6:52pm Jan 16, 2014 6:52pm
Quoting Dungan
Hi...am new to trading..opened two accounts...with Alpari and Dukascopy. Executed two trades and found out to my own dismay that it makes me crazy...hate giving up...wanna continue....need help....from any quarter. By the way longed AUD/NZD @1.068 yesterday..why? you might ask...saw a hammer...that's all I know about T/A, that too after having spent quite a bit on learning it from supposedly the most reputed institution. To me the posts here seem like rocket science....I mean look forward to being mentored... cheers

welcome here

If new to trading without much of experience, I would like to give you the recommendation to simply start to read all about support/resistance trading (or supply/demand).

Forget a while about indicators. You can add later some momentum indicator, but not yet.

Forget about to learn most of the fancy candlestick pattern. Do concentrate on price AND volume.
  • #13,162
  • Jan 17, 2014 3:48am Jan 17, 2014 3:48am
Looks like Santa Claus was charging this time for Christmas gifts in UK, becouse their retail data is out of the roof. Probably wont last long before some economist comes up and say: Oh look UK economy is very strong and recovering nice, just look on retail data.

GCHF
http://prntscr.com/2k1tkz

JPYs in predicted direction from yesterday, AUD also weakining like expected over all pairs, especially GA. +120.
  • #13,163
  • Jan 17, 2014 4:06am Jan 17, 2014 4:06am
Quoting janpec1000
Looks like Santa Claus was charging this time for Christmas gifts in UK, becouse their retail data is out of the roof. Probably wont last long before some economist comes up and say: Oh look UK economy is very strong and recovering nice, just look on retail data. GCHF http://prntscr.com/2k1tkz JPYs in predicted direction from yesterday, AUD also weakining like expected over all pairs, especially GA. +120.
and what is your enty point and your target ?

maybe SL?
  • #13,164
  • Jan 17, 2014 7:20am Jan 17, 2014 7:20am
now we look at the 3526 to 3533 handle

when broken, watch the 3468 area for signs of rejection
  • #13,165
  • Jan 17, 2014 7:28am Jan 17, 2014 7:28am
Quoting infinitus
now we look at the 3526 to 3533 handle when broken, watch the 3468 area for signs of rejection

that is based on volume analysis



pure visual inspection of S/R zones give:

3520 (daily level) and then 3487 (weekly), followed by 3472 (daily) and 3452 (daily)


based on channelling techniques the 3540 could be the target for today. based on the ATR we had over the last days, it seem, that the 3487 is not in reach for today.

When in profit with shorts, secure them step by step
  • #13,166
  • Jan 17, 2014 7:31am Jan 17, 2014 7:31am
based on daily EW, for me, highest chance may have that we are now in wave 5 of the first wave down from the 389x top.


Others say, the wave 1 down was already completed, then completion of wave 2 down. Now we are in wave 1 of wave 3 down.
  • #13,167
  • Jan 17, 2014 7:45am Jan 17, 2014 7:45am
Could be 5, but I don't think it's 3 wave. Too weak for me.
  • #13,168
  • Jan 17, 2014 7:47am Jan 17, 2014 7:47am
Quoting paul-fx
Could be 5, but I don't think it's 3 wave. Too weak for me.

exactly what I do think - for the wave 3 version, price should start now to accelerate down
  • #13,169
  • Jan 17, 2014 10:00am Jan 17, 2014 10:00am
Quoting infinitus
now we look at the 3526 to 3533 handle when broken, watch the 3468 area for signs of rejection
As I see it ... based on H4/H1 MTF analysis ... we are in the way to 1.35306-1.35027, 1.34576 in case of extension (equal legs down from 1.36997, 1.23 ext. and 1.618 ext)

Let's see where we found support ... as in Daily we are still bullish to 1.4X, and 1.3500-1.3486 are the entry zone for that targets
  • #13,170
  • Jan 17, 2014 11:08am Jan 17, 2014 11:08am
Quoting rbetancor
{quote} As I see it ... based on H4/H1 MTF analysis ... we are in the way to 1.35306-1.35027, 1.34576 in case of extension (equal legs down from 1.36997, 1.23 ext. and 1.618 ext) Let's see where we found support ... as in Daily we are still bullish to 1.4X, and 1.3500-1.3486 are the entry zone for that targets
And here we are ... 1.35341 as low ... so near entry zone 1
  • #13,171
  • Jan 17, 2014 11:08am Jan 17, 2014 11:08am
Quoting rbetancor
{quote} As I see it ... based on H4/H1 MTF analysis ... we are in the way to 1.35306-1.35027, 1.34576 in case of extension (equal legs down from 1.36997, 1.23 ext. and 1.618 ext) Let's see where we found support ... as in Daily we are still bullish to 1.4X, and 1.3500-1.3486 are the entry zone for that targets

  • #13,172
  • Jan 17, 2014 11:11am Jan 17, 2014 11:11am
sit, one of my Notebook hard disks has a failure in the write/read head.

Disk fails to initialize and does some nice rhythmic "clack" noise


Gladly have backups


Shall I shake it hard?
  • #13,173
  • Jan 17, 2014 12:41pm Jan 17, 2014 12:41pm
Quoting rbetancor
{quote} And here we are ... 1.35341 as low ... so near entry zone 1
In the middle of the zone ... and on H4 there are still room to go down to 1.34907
  • #13,174
  • Jan 18, 2014 8:36am Jan 18, 2014 8:36am
The square of Gann.
Attached Image (click to enlarge)
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #13,175
  • Jan 19, 2014 1:24pm Jan 19, 2014 1:24pm
My new mining rig
Dealing with settings adjustments at momment cards are runing on boiling temperature, have to get it down to 70 or 80 degrees. Mining Litecoins, also mining Particle on CPU. Expected payoff aprox 200 eur per month at current exchange rate, with cryptocoins becoming global currencies (possible scenario) expected payoff 20k-200k monthly.
Most coins converted into Bitcoin, some left as Litecoin and RonPaulCoin (hopefully 2016 US elections to spike it up).

Attached Image (click to enlarge)
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  • #13,176
  • Jan 19, 2014 3:58pm Jan 19, 2014 3:58pm
Quoting janpec1000
My new mining rig Dealing with settings adjustments at momment cards are runing on boiling temperature, have to get it down to 70 or 80 degrees. Mining Litecoins, also mining Particle on CPU. Expected payoff aprox 200 eur per month at current exchange rate, with cryptocoins becoming global currencies (possible scenario) expected payoff 20k-200k monthly. Most coins converted into Bitcoin, some left as Litecoin and RonPaulCoin (hopefully 2016 US elections to spike it up). {image}
##


Thinking fallacy? When price of cryptocurrencies goes up, more people will invest for mining, making your machine soon obsolete.....

Isn't it so?

How much energy does it consume, when I may ask?
  • #13,177
  • Jan 19, 2014 4:17pm Jan 19, 2014 4:17pm
Quoting infinitus
How much energy does it consume, when I may ask?
Too much to be profilable

GPU mining it's not profilable since long time ago ... if you whant to be profilable on the cryptocoins mining fields ... you need something with more than 600Ghs, as the Monarch cards ... and they cost around 2800$ each ... consumes 450W-500W ... and at current complex levels ... you could get 4,240.39$/month from it ... minus power costs ... only one pitfail ... they are still not sold :-P

Better other kind of hardware ... but they begin at 5800$ for 2.5 Th/s ... that could produce ... 17,668.29$/month ... if someone it's interested leave me a msg.
  • #13,178
  • Jan 19, 2014 4:45pm Jan 19, 2014 4:45pm
Quoting rbetancor
{quote} Too much to be profilable GPU mining it's not profilable since long time ago ... if you whant to be profilable on the cryptocoins mining fields ... you need something with more than 600Ghs, as the Monarch cards ... and they cost around 2800$ each ... consumes 450W-500W ... and at current complex levels ... you could get 4,240.39$/month from it ... minus power costs ... only one pitfail ... they are still not sold :-P Better other kind of hardware ... but they begin at 5800$ for 2.5 Th/s ... that could produce ... 17,668.29$/month ... if...



better to program some virus which makes thousands of computers to BTC-slaves
  • #13,179
  • Jan 19, 2014 5:31pm Jan 19, 2014 5:31pm
Quoting infinitus
{quote} better to program some virus which makes thousands of computers to BTC-slaves
Juas, juas ... you will need toons of zombies to get some money ...

A tipical i7 could do ... about 2-3Mh/s ... with a nVidia GTX610 ... maybe 20Mh/s ... soo do your maths to get what you need to get a single BTC in your wallet ... XDD
  • #13,180
  • Jan 20, 2014 2:05am Jan 20, 2014 2:05am
Quoting rbetancor
{quote} Juas, juas ... you will need toons of zombies to get some money ... A tipical i7 could do ... about 2-3Mh/s ... with a nVidia GTX610 ... maybe 20Mh/s ... soo do your maths to get what you need to get a single BTC in your wallet ... XDD

http://about-threats.trendmicro.com/...ning%2BMalware

http://www.theguardian.com/technolog...bitcoin-slaves

#seems to work already
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