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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #14,121
  • Edited 4:36pm Apr 25, 2014 10:44am | Edited 4:36pm
Next week should be easy, investment wise. Gold long, and then gold long on retracement, and then gold long, and then war, and then long.

Closed all trades, AUD attack, 18% acc increase, went quite heavy on trades but it was perfect corelation setup for single currency.
http://prntscr.com/3dc9v2

Oh about that Sp500 shorts neted since month ago, i think its getting very clear now if you think back that those were positions build ahead of Ukraine escalation from investment banks, just like they were on 9/11, BP oil spill and Iraq. And since SP500 has been falling so nicely lately it makes perfect sense.
Insider, or not that much insider but reliable information this time, for those who play markets ahead if they can access it from right people.
  • #14,122
  • Apr 26, 2014 3:29am Apr 26, 2014 3:29am
Continuation from :

Quoting andexQ
This is interesting.. Last week S&P500 has reached important if not critical new high. Before that new high it preluded with exhaustion of demand and then followed with bulk of supply, after that high (currently) it then followed with bulk of supply again. It makes me think that we are starting to enter distribution phase... am I correct ? - Blue-line : new high. - Orange-lines : exhaustion of demand. - Yellow-rectangles : bulk of supply. S&P500 Weekly & Daily chart : {image}
and :

Quoting andexQ
{quote} Hmmm, I'm not sure how current situation in equity market exactly will affecting FX market or vice versa (for example EU & USD) but for gold & silver technically bullish. Nevertheless, I think it is worth to take it to consideration : Current situation in wallstreet/equity market indicate that even though FED try to avoid downward movement (1st attempt failed), it 's clear that the majority of big player on wallsteet are Bears who want to finish their job first. At best it will continue sideway with large swing.... at worst like PT said:...

Next week for SP500 :

Down side penetration of red-line especially with heavy volume and large black-candle should confirm a change of trend direction to downtrend (orange-line)...
Good luck All.

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  • #14,123
  • Apr 27, 2014 11:17am Apr 27, 2014 11:17am
AndexQ agree with your view on Sp500, however where your line penetration is set i would not yet short there, becouse demand area right bellow it will bounce it up, shorting area should be looked from formed down swing where supply is formed at least thats what i would do.

Just in case anyone is interested to check supply and demand trading i would recomend that guys videos he has best fx videos on youtube (if you find interest into sup-dem):
Inserted Video

I am trading it bit different than him, but he has good way to present it for those who are interested.
  • #14,124
  • Apr 27, 2014 11:56am Apr 27, 2014 11:56am
Next week analysis and entries:

those are plays if price does go as it goes:

dollar looks good on short side, also welding nicely with EUR strenght and GBP strenght

nu daily
http://prntscr.com/3dyy1f
nu h4 entries
http://prntscr.com/3dyyk5
gold longs but nothing to present on chart as it has to yet develop
usdjpy
http://prntscr.com/3dyzqf
gu
http://prntscr.com/3dz09c
dollar
http://prntscr.com/3dz161
audusd short right from market open (if no gap)
http://prntscr.com/3dz2os
GA
http://prntscr.com/3dz3o1
AJ
http://prntscr.com/3dz4ji
GN shorting targets, longs looked ony m5 or m15 only, no clear demand yet on higher tfs
http://prntscr.com/3dz6js
  • #14,125
  • Apr 27, 2014 12:17pm Apr 27, 2014 12:17pm
This week plan on EU:

Buy any dip over 1.38 ... with target 1.3880-1.3905, then 3W pullback to 1.3820 zone again ... before push to 1.3960 zone
  • #14,126
  • Apr 27, 2014 10:59pm Apr 27, 2014 10:59pm
Quoting janpec1000
AndexQ agree with your view on Sp500, however where your line penetration is set i would not yet short there, becouse demand area right bellow it will bounce it up, shorting area should be looked from formed down swing where supply is formed at least thats what i would do. Just in case anyone is interested to check supply and demand trading i would recomend that guys videos he has best fx videos on youtube (if you find interest into sup-dem): https://www.youtube.com/watch?v=ZIf28eUY4MY I am trading it bit different...

thats correct Jan,
I would not recommend to short at time of penetration of red-line, that would be too late.
After Bears finish with distribution and if they really want to begin mark-down, the penetration should be strong enough to cutoff that demand area... IMO

A good place to short is :

1) at failure on retest of upper orange-line.
2) at failure on retest of red-line after penetration.

Nice video.. thanks
  • #14,127
  • Apr 28, 2014 2:31am Apr 28, 2014 2:31am
Quoting rbetancor
This week plan on EU: Buy any dip over 1.38 ... with target 1.3880-1.3905, then 3W pullback to 1.3820 zone again ... before push to 1.3960 zone
I love when things comes ok ...
  • #14,128
  • Apr 28, 2014 2:48am Apr 28, 2014 2:48am
Now ... this upmove should end between 1.3862-1.3879 ... 3W pullback ... and long again around 1.38327-1.38235 with target 1.3921-1.3941
  • #14,129
  • Apr 28, 2014 10:10am Apr 28, 2014 10:10am
Quoting rbetancor
Now ... this upmove should end between 1.3862-1.3879 ... 3W pullback ... and long again around 1.38327-1.38235 with target 1.3921-1.3941
7H ago ...
  • #14,130
  • Apr 28, 2014 4:32pm Apr 28, 2014 4:32pm
Quoting janpec1000
Next week analysis and entries: those are plays if price does go as it goes: dollar looks good on short side, also welding nicely with EUR strenght and GBP strenght nu daily http://prntscr.com/3dyy1f nu h4 entries http://prntscr.com/3dyyk5 gold longs but nothing to present on chart as it has to yet develop usdjpy http://prntscr.com/3dyzqf gu http://prntscr.com/3dz09c dollar http://prntscr.com/3dz161 audusd short right from market open (if no gap) http://prntscr.com/3dz2os GA http://prntscr.com/3dz3o1...
Everything played out nicely , took nu shorts, aj shorts , gchf shorts and BE on gj, +8% so far not counting open position on uchf short (0.8795).
  • #14,131
  • Apr 29, 2014 1:40am Apr 29, 2014 1:40am
proposed EW count on EU

4h TF
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  • #14,132
  • Apr 29, 2014 1:50am Apr 29, 2014 1:50am
Murrey Math levels and direction (Volume profile assisted)

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  • #14,133
  • Apr 29, 2014 1:54am Apr 29, 2014 1:54am
Volume profiles (Murrey math synchronized)

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  • #14,134
  • Apr 29, 2014 2:21am Apr 29, 2014 2:21am
Quoting infinitus
proposed EW count on EU 4h TF {image}
Hi Infy, what is your EW count for SP500 ?
  • #14,135
  • Apr 29, 2014 3:03am Apr 29, 2014 3:03am
Dollar is gona keep falling, which means more GU and EU upside.

Tomorrow BOJ conference, i will find longs today later or tomorrow morning on GJ and UJ, hoping they might ease (smaller positions) .

Playing those two, watching for possible EA short.
http://prntscr.com/3ehkcp
http://prntscr.com/3ehkre
  • #14,136
  • Apr 29, 2014 7:52am Apr 29, 2014 7:52am
Quoting andexQ
{quote} Hi Infy, what is your EW count for SP500 ?


will show count later, am in a hurry :-(

there seem to be two alternatives at the moment for me:

a) we have already topped

b) we are in an extended wave 5 up, where we have seen in the latest wave 5 the wave 1 up and 2 down. This count then may easily find a new high above 1900
  • #14,137
  • Apr 29, 2014 10:56am Apr 29, 2014 10:56am
Quoting infinitus
Murrey Math levels and direction (Volume profile assisted) {image}
3794 area may offer some support soon


for me it is then sell the retraces mode
  • #14,138
  • Apr 29, 2014 10:57am Apr 29, 2014 10:57am
Quoting rbetancor
Now ... this upmove should end between 1.3862-1.3879 ... 3W pullback ... and long again around 1.38327-1.38235 with target 1.3921-1.3941

are you already long?

does not look good anymore for the bulls near term
  • #14,139
  • Apr 29, 2014 11:00am Apr 29, 2014 11:00am
at least we have the following scenario:

Attached Image (click to enlarge)
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around 3720 there will be the decision, if above scenario is right, or if we have to be much more bearish
  • #14,140
  • Apr 29, 2014 11:04am Apr 29, 2014 11:04am
levels


pink monthly
red weekly
blue daily
green shorter TF
Attached Image (click to enlarge)
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