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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #14,001
  • Apr 7, 2014 11:51am Apr 7, 2014 11:51am
Quoting rbetancor
{quote} On TBP, we are in leg C of ABC from 1.3962 on 240Min, it could do a running flat till 1.3835, doesn't matter ... this shorts are intraday with very small SL, this is a 240 Min corrective move, in a patter of 3-5-3 First real target it's 1.36568 ... all I get from there till 1.3602-1.3552 ... are 'bonus'
what means TBP?

3-5-3 pattern? Then there is something wrong in EW-land
  • #14,002
  • Apr 7, 2014 1:35pm Apr 7, 2014 1:35pm
Quoting infinitus
{quote} what means TBP? 3-5-3 pattern? Then there is something wrong in EW-land
TBP = 'The Big Picture'

3-5-3 pattern = 3W drop + irregular flat 5W + 3W drop ... yes, that a valid pattern corrective pattern on my 'EW-book' ... this is not traditional EW counting.

On my desk for tomorrow ... maybe some up action till 1.3762-1.3770 (60 min view) ... just for creating a bull-trap, then 1.3702-1.3680 ... creating a bear-trap ... 1.3719 -> 1.3650 'going without bounce' ... 1.3602, final 60 Min target

1.3602-1.35526 is 60Min entry zone for longs with minimum target around 1.3840-1.3930
1.3650-1.35524 is 240Min entry zone for longs with minimum target around 1.4040, also 1440 min long zone ... with target 1.44-1.48
  • #14,003
  • Apr 7, 2014 4:16pm Apr 7, 2014 4:16pm
Quoting rbetancor
{quote} TBP = 'The Big Picture' 3-5-3 pattern = 3W drop + irregular flat 5W + 3W drop ... yes, that a valid pattern corrective pattern on my 'EW-book' ... this is not traditional EW counting. On my desk for tomorrow ... maybe some up action till 1.3762-1.3770 (60 min view) ... just for creating a bull-trap, then 1.3702-1.3680 ... creating a bear-trap ... 1.3719 -> 1.3650 'going without bounce' ... 1.3602, final 60 Min target 1.3602-1.35526 is 60Min entry zone for longs with minimum target around 1.3840-1.3930 1.3650-1.35524 is 240Min entry zone...
Thanks for clarification
  • #14,004
  • Apr 7, 2014 5:37pm Apr 7, 2014 5:37pm
Quoting infinitus
{quote} Thanks for clarification


Also ... a running flat till 1.38XX could not be discarted ... 60Min graphs doesn't deny that ... will have to tomorrow data to see, but my plan for this week is buying risk ... EU @1.3650-1.3603 and UJ @102.431-102.012
  • #14,005
  • Apr 8, 2014 2:23am Apr 8, 2014 2:23am
ups, look at that:

http://www.forexfactory.com/showthre...65#post7389265


What happened?
  • #14,006
  • Apr 8, 2014 2:27am Apr 8, 2014 2:27am
Quoting rbetancor
{quote} Also ... a running flat till 1.38XX could not be discarted ... 60Min graphs doesn't deny that ... will have to tomorrow data to see, but my plan for this week is buying risk ... EU @1.3650-1.3603 and UJ @102.431-102.012
  • #14,007
  • Apr 8, 2014 3:07am Apr 8, 2014 3:07am
wave structure of the upmove is now impulsive

expecting a move down between here 3762 and 3794

which may target 3733 or extended 3702

I do not expect new low with that move
  • #14,008
  • Apr 8, 2014 3:15am Apr 8, 2014 3:15am
Volume profiles of EU
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  • #14,009
  • Apr 8, 2014 3:30am Apr 8, 2014 3:30am
Anyone has guess what is going behind those last 20 bankers murders? Who could be behind it, are they hiding something big, are they planning to hide something big, is it possibly economical warfare?

http://www.zerohedge.com/news/2014-0...frick-murdered
http://www.zerohedge.com/news/2014-0...anging-himself


EU fbo completed.
http://prntscr.com/3826er
  • #14,010
  • Apr 8, 2014 3:44am Apr 8, 2014 3:44am
Quoting janpec1000
Anyone has guess what is going behind those last 20 bankers murders? Who could be behind it, are they hiding something big, are they planning to hide something big, is it possibly economical warfare? http://www.zerohedge.com/news/2014-0...frick-murdered http://www.zerohedge.com/news/2014-0...anging-himself EU fbo completed. http://prntscr.com/3826er

Yes, very curious.

Coincidence? I think not......
  • #14,011
  • Apr 8, 2014 3:52am Apr 8, 2014 3:52am
Count of EU by Dimitri


I agree with the count of the recent leg down from 396x, but with his view of the leg down to be the E-wave of a triangle I disagree

http://www.roboforex.com/analytics/f...thly-04082014/
  • #14,012
  • Apr 8, 2014 4:37am Apr 8, 2014 4:37am
Quoting infinitus
wave structure of the upmove is now impulsive expecting a move down between here 3762 and 3794 which may target 3733 or extended 3702 I do not expect new low with that move
Yes .. you are writgh ... upmove from 1.3672 'could' be impulsive ... but as far as 1.37836 is in place ..., still options of seen 1.3650-1.3602 ...

But I could not deny that 1.3672 could be the LOW for going till 1.4X ... I hope no ... as far as 240 min count still show room to the downside and 'correct' entry should be 1.3631-1.3552
  • #14,013
  • Apr 8, 2014 7:13am Apr 8, 2014 7:13am
Quoting selym_co
{quote} Well , what attracts my attention is the time+structure of the recent daily cycles. Without going too much back in time , the previous wave includes three candles to reach the top and three candles to reach the bottom. Assuming that the following uptrend will take three days to reach its target , my circles show a target around 3780s (+-10) . Still I cannot guess the momentum of this journey . In case we have a high momentum bull attack then the target will be around 3800-3820s which is a confirmed scenario with ur analysis (which...
EURUSD , this pair is so loyal to the plans. Just like the previous swings it took 3 daily candles for the price to reach its bullish attack target. Honestly I realized my longs at 3760 and started to build shorts since that time. 3780s are spposed to hold and the price is spposed to form a reversal pattern in order to spend some time until mid-apirls. I think we need 5-6 daily candles to reach 3610-3590 zone. For today 3790s has the potential to be visited , but shudnt be passed.

Hmmm , simple mathematics

Wednesday ... will be an inside bar i guess
Thursday the downtrend will start and it will last for approximately 4-5 days.

Regards...

http://img855.imageshack.us/img855/2562/9rbw.png

http://img580.imageshack.us/img580/4162/jpa4.png

Imagination rules the world ...
Selym Hyll Return This Year: na
  • #14,014
  • Apr 8, 2014 8:13am Apr 8, 2014 8:13am
Hi, fellow traders

Euro/usd does change their direction.
We seem not to see the prices below 3670.
Any thoughts?
Hunting High and Low
  • #14,015
  • Apr 8, 2014 8:15am Apr 8, 2014 8:15am
EUR USD possible bounces, it makes more sense to follow US index which means EU bounce will come at 3835 rather than lower area. USD will dictate where strong bounce will come on demand area but its easier to say if first lines are broken becouse then second must give some proper pullback.

http://prntscr.com/383qis
http://prntscr.com/383qoe
http://prntscr.com/383r5o
  • #14,016
  • Apr 8, 2014 8:22am Apr 8, 2014 8:22am
EU, under 1.38159-1.38196 ... could be doing an 60Min FLAT, and not been an impulse ... must wait to see and take action.

As other indicators saw me ... on 240Min, looks like wave 1 of a recover ... but MUST cross and close over 1.3835 for confirmation of 240Min impulse.

As far as this continues like now ... the clear estructures tell me ... down till 1.3602

If you look at 60Min ... 3W up ... I bet for the flat and down
  • #14,017
  • Apr 8, 2014 6:47pm Apr 8, 2014 6:47pm
Quoting Dr.Phoenix
Hi, fellow traders Euro/usd does change their direction. We seem not to see the prices below 3670. Any thoughts?
Hi Dr.
Indeed, 3670 was strong support level for EU but it need to be tested before up move could continue.. IMO

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  • #14,018
  • Edited 3:08am Apr 9, 2014 2:39am | Edited 3:08am
Quoting andexQ
{quote} Hi Dr. Indeed, 3670 was strong support level for EU but it need to be tested before up move could continue.. IMO {image}

Agreed. For that purpose we critically need to have a heavy resistance at the 3825 area. If we are above that point, we hardly be back lower 3670.


EDITED. The problem however is that the 3825 price lies right between the 50% and 62% Fibo retracement areas. So if we are above 3825, we can go higher by inercia. Moreover, NBZ area begins at 3818 and spreads higher up to 3840 approximately. Interesting indeed
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Hunting High and Low
  • #14,019
  • Apr 9, 2014 3:03am Apr 9, 2014 3:03am
Quoting rbetancor
EU, under 1.38159-1.38196 ... could be doing an 60Min FLAT, and not been an impulse ... must wait to see and take action. As other indicators saw me ... on 240Min, looks like wave 1 of a recover ... but MUST cross and close over 1.3835 for confirmation of 240Min impulse. As far as this continues like now ... the clear estructures tell me ... down till 1.3602 If you look at 60Min ... 3W up ... I bet for the flat and down
Still belevie that we are doing some sort of FLAT to 1.3840 area ... I don't trust the 1.3670 low, something it's telling me 'no, no ...'
  • #14,020
  • Apr 9, 2014 3:24am Apr 9, 2014 3:24am
Quoting rbetancor
{quote} Still belevie that we are doing some sort of FLAT to 1.3840 area ... I don't trust the 1.3670 low, something it's telling me 'no, no ...'
Technically we are about to be at 3875.
Hunting High and Low
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