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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #14,141
  • Apr 29, 2014 11:09am Apr 29, 2014 11:09am
Quoting infinitus
{quote} are you already long? does not look good anymore for the bulls near term
Yes ... I'm ... my first entry zone was 1.3830-1.3818 ... now updated to 1.3818-1.3804 ... as far as 1.3788 holds ... longs are ok
  • #14,142
  • Apr 29, 2014 12:21pm Apr 29, 2014 12:21pm
Quoting rbetancor
{quote} Yes ... I'm ... my first entry zone was 1.3830-1.3818 ... now updated to 1.3818-1.3804 ... as far as 1.3788 holds ... longs are ok
I am thinking short, defenetly no longs, especially not after that dollar strenght and EURAUD failiure to go higher. But staying out of any entries.
  • #14,143
  • Apr 29, 2014 12:49pm Apr 29, 2014 12:49pm
Quoting janpec1000
{quote} I am thinking short, defenetly no longs, especially not after that dollar strenght and EURAUD failiure to go higher. But staying out of any entries.
HH HL sequences on H1 ... why must I think about shorts ?
  • #14,144
  • Apr 29, 2014 3:25pm Apr 29, 2014 3:25pm
Quoting rbetancor
{quote} HH HL sequences on H1 ... why must I think about shorts ?
Two mid-level h1 lows were actually taken out. There are no higher highs, just double top, that is in my book very different from HH, as analysis signal.
Strong kick of supply, no correction on up side since last few hours, failure to deliver demand from strongest low in structure (3792), EURAUD fail to close above
main supply daily zone, possible strong correction forming down (still only a speculation as lows there are holding ok), strong dollar move today (no clear direction as of yet however).
Those would be my arguments why i would not be long right now, and 1.3805 sounds rather better shorting area.


So China, Russia and India now seriously moving towards worlds biggest oil pipeline, along with North Korea, this is the end of fiat dollar its just matter of time. Is here anyone on forums being really concern about what will happen with fx trading once chinese are ready to make a move? I havent done many research but as far as i know there cant be fx trading on non-floating currencies which is what chinese plan to do. Not sure if its possible to have floating currency on gold, i heard it is something that Keiser and Price suggested for Greece but not sure if that was used by anyone in past.
  • #14,145
  • Apr 30, 2014 1:01am Apr 30, 2014 1:01am
After EoD calcs ... 'told me' ... 2 possible paths for EU:

1) More agrressive, from 1.380x, new cycle to 1.3960-1.4041

2) More donwside first ... 1.3840 recover then 1.3745-1.3720 and from there ... up to 1.4X

Let's see what happen today
  • #14,146
  • Apr 30, 2014 3:33am Apr 30, 2014 3:33am
Quoting rbetancor
After EoD calcs ... 'told me' ... 2 possible paths for EU: 1) More agrressive, from 1.380x, new cycle to 1.3960-1.4041 2) More donwside first ... 1.3840 recover then 1.3745-1.3720 and from there ... up to 1.4X Let's see what happen today
Technicals call for lower price, all demand gone on current level. But the definitive move should come from CPI report, most likely bearish reaction. Downside target is 1.37

Well corelation analysis is playing like i said yesterday, further dollar strenght, EA failed and droped more, triggered into EJ short at 141.36
  • #14,147
  • Apr 30, 2014 3:53am Apr 30, 2014 3:53am
Volume profiles






3740-3720 area will be very interesting, me thinks


but watch the high volume areas as well as the low volume areas (marked on chart) for reactions




at high volume areas price tend to consolidate, on low volume areas (or no-business areas) price tend to get rejected
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  • #14,148
  • Apr 30, 2014 4:08am Apr 30, 2014 4:08am
Quoting janpec1000
{quote} Technicals call for lower price, all demand gone on current level. But the definitive move should come from CPI report, most likely bearish reaction. Downside target is 1.37 Well corelation analysis is playing like i said yesterday, further dollar strenght, EA failed and droped more, triggered into EJ short at 141.36
Hit BE SL on EJ. Well all went as expected...except some sort of withcraft suddenly started push on dollar, some pendings bellow turned eur arround too.
Trading day just went from exciting on shorting all eur pairs, into complete shit. Time to workout and chill out.
  • #14,149
  • Apr 30, 2014 7:34am Apr 30, 2014 7:34am
Quoting rbetancor
After EoD calcs ... 'told me' ... 2 possible paths for EU: 1) More agrressive, from 1.380x, new cycle to 1.3960-1.4041 2) More donwside first ... 1.3840 recover then 1.3745-1.3720 and from there ... up to 1.4X Let's see what happen today
Either plan have been fully filled ... but as my main view it's bullish till 1.40-1.44 zone ... been on the 'right' side

Few pips today ... but doesn't matter ... NO LOSS it's better
  • #14,150
  • Apr 30, 2014 11:53am Apr 30, 2014 11:53am
eur/usd daily
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eur/usd H4
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The question is breaking or not?
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #14,151
  • Apr 30, 2014 12:09pm Apr 30, 2014 12:09pm
Quoting godim
eur/usd daily {image} {image} eur/usd H4 {image} {image} The question is breaking or not?
H4 breakthrough? Support is needed.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #14,152
  • Apr 30, 2014 1:02pm Apr 30, 2014 1:02pm
FOMC statement: Economy picked up, consumer demand rising ‘more quickly’
  • #14,153
  • Apr 30, 2014 1:32pm Apr 30, 2014 1:32pm
Quoting infinitus
FOMC statement: Economy picked up, consumer demand rising ‘more quickly’
Yup 0.1 GDP increase sounds like good economy pick up way to go FED.
  • #14,154
  • May 1, 2014 10:42am May 1, 2014 10:42am
EW proposal on EU 4h TF


keep in mind:

the green ABC may alternatively develop as 1-2-3-4-5

that would than be the bearish case. I think this will be decided when the 3720 no-business-area gives way for deeper targets
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  • #14,155
  • May 1, 2014 2:52pm May 1, 2014 2:52pm
Agree Infinitus, EJ points on downside, decent push down on EA could also agree on similar direction, EUR possible down. Looking it really simply on daily chart
its hard to imagine for price going down on EU after that big daily rally candle, but crosspairs suggest so.
http://prntscr.com/3f8kkg
  • #14,156
  • May 2, 2014 4:35am May 2, 2014 4:35am
Au short 0-927 Sl 0-932
Au could start some nice droping first target is about 15-20 pips to bottom, then reshorting same area .
  • #14,157
  • May 2, 2014 5:32am May 2, 2014 5:32am
Quoting janpec1000
Au short 0-927 Sl 0-932 Au could start some nice droping first target is about 15-20 pips to bottom, then reshorting same area .
Hit TP, shorting again, (0.9258)
  • #14,158
  • May 2, 2014 6:18am May 2, 2014 6:18am
Maybe with today NFP we will see some big moves, maybe not but I think EU down to 1,3780 then up up up, GU down 1,6780, AU down 0,9100, EA up 1,52
  • #14,159
  • May 2, 2014 7:35am May 2, 2014 7:35am
Quoting matkooo2575
Maybe with today NFP we will see some big moves, maybe not but I think EU down to 1,3780 then up up up, GU down 1,6780, AU down 0,9100, EA up 1,52
fantastic.. like I said. go against people
  • #14,160
  • May 2, 2014 8:46am May 2, 2014 8:46am
Dammit wish i hadnt closed AU short before NFP. Anyways short again, first target 60 pips, possible targets are 913 and 910.
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