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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #14,481
  • Edited 6:47am May 22, 2014 6:03am | Edited 6:47am
Bitcoin finnaly bumping higher, no selling yet present hopefully gona stay that way.

AU is set for drop, first test of current bottom, then drying up demand zone further and droping more, H4 confirms market structure already set for down, overhelming supply.
http://prntscr.com/3lht7r
  • #14,482
  • May 22, 2014 11:31am May 22, 2014 11:31am
Quoting janpec1000
Bitcoin finnaly bumping higher, no selling yet present hopefully gona stay that way. AU is set for drop, first test of current bottom, then drying up demand zone further and droping more, H4 confirms market structure already set for down, overhelming supply. http://prntscr.com/3lht7r

I think AU and EU share the same fate and soon maybe GU will follow... USD weekly & daily is in bullish tone.
  • #14,483
  • May 22, 2014 12:54pm May 22, 2014 12:54pm
Quoting andexQ
{quote} I think AU and EU share the same fate and soon maybe GU will follow... USD weekly & daily is in bullish tone.
Yep.
  • #14,484
  • May 22, 2014 1:00pm May 22, 2014 1:00pm
EU


Murrey Math levels and direction (VWAP assisted)



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  • #14,485
  • May 22, 2014 3:01pm May 22, 2014 3:01pm
EU

volume profiles

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  • #14,486
  • May 22, 2014 3:11pm May 22, 2014 3:11pm
Quoting khafan
{quote} hi i trade brent how i say i have hug sell from 108 !! rightnow im in bad moment , if up to 111 i lose all my money
Hi Khafan,

hope you are well. Did you manage to survive your account? Hope so........


Best to you....
  • #14,487
  • May 23, 2014 12:59am May 23, 2014 12:59am
EU


Murrey Math levels and direction (VWAP assisted)


The weekly is near its balance point (POC). At the same time does the weekly offer béarish opportunity to the 3428 level

Daily and H4 seems to have exhausted their bearish potential, and could be set to mean revert a bit

When we break below the 3641 level, price is dragged into the -3SD areas of many distributions. That itself can be a very bearish sign


Right now a mean reverting process to the upper side has a high chance. Big potential in the the 3626 to 3611 area.

A move to the bullish side should face first tough resistance in the 3662 area, then 3717 (volume distribution analysis)

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  • #14,488
  • May 23, 2014 3:16am May 23, 2014 3:16am
Good morning traedorians peace and pips be upon all of u
@infinitus
my buying area stands between 3598 and 3562 a little far from yours
anyone has a clue about crude oil ?took a sell at 103.90 then moved to be(this beast scares me) just to be stopped out
better be not enough salt than too much salt
  • #14,489
  • May 23, 2014 3:19am May 23, 2014 3:19am
right now i have a usd/jpy sell po at 102.03
better be not enough salt than too much salt
  • #14,490
  • May 23, 2014 3:57am May 23, 2014 3:57am
Quoting bzzz
Good morning traedorians peace and pips be upon all of u @infinitus my buying area stands between 3598 and 3562 a little far from yours anyone has a clue about crude oil ?took a sell at 103.90 then moved to be(this beast scares me) just to be stopped out

Hi bzzz.. Cheers

WTI Daily indicate there is still more room for Up above 104, maybe untill around 105
  • #14,491
  • May 23, 2014 4:15am May 23, 2014 4:15am
I was right about missing Indonesian plane seems like, it did went to Thailand. I said few weeks ago when elections were planned that there is very high chance there will be milatary coup or some sort of revolution in Thailand backed by USA like it was done in past. And it happened 3 days ago. I firmly believe airplane is part of story.

Gold should be on move lower.
  • #14,492
  • May 23, 2014 4:22am May 23, 2014 4:22am
Quoting bzzz
Good morning traedorians peace and pips be upon all of u @infinitus my buying area stands between 3598 and 3562 a little far from yours anyone has a clue about crude oil ?took a sell at 103.90 then moved to be(this beast scares me) just to be stopped out

My system works best in sideways phases, or in directional moves, when we see a lot of back and forth in it.

First indications, that my VWAP assisted system should be used with cautious is, when price reaches a + or - 3 SD, because then chances get real high, that we are not in a mean reverting process anymore but in a stronger directional move.

The fact, that we have literally not seen a meaningful retracement yet, may give value to the thought, that we have indeed finished the long lasting sideways-upways action of the long lasting triangle, and are now in a C-wave down for the next many months.

Shorter term the question for me is, if we had a wave 1 down from the top, then a small ABC-flat for wave 2, and are now in wave 3 down, or if this is the subwave 5 down of the wave 1

Many good opportunities get lost, when we see a very shallow wave 2, because all the pundits look for a deep retracing wave 2 (which normally is its true nature). But sometimes, when a major shift in sentiment is happening, the corrective waves get chewed in the direction of trend and we then only see shallow corrections.

Look right now on 15min and 1h TF - huge stopping volume came in. But I would not be surprised to much, when we see the 3550 level (Murrey Math) today

Right now it seems to be safer to sell rebounds instead of trying to get the bottom.
  • #14,493
  • May 23, 2014 4:24am May 23, 2014 4:24am
Quoting janpec1000
I was right about missing Indonesian plane seems like, it did went to Thailand. I said few weeks ago when elections were planned that there is very high chance there will be milatary coup or some sort of revolution in Thailand backed by USA like it was done in past. And it happened 3 days ago. I firmly believe airplane is part of story. Gold should be on move lower.
But the US is condemning the military cup......

On the other hand - lately they always act with two faces......
  • #14,494
  • May 23, 2014 4:28am May 23, 2014 4:28am
Hi all .. anything new under the sun ..., waiting 1.3605 to be hit for a long-term long to load ... another one @1.35743 both with SL under 1.35293 TG1 1.3835, TG2 1.4143 TG3 1.4430

You know how this works ... will be loading/unloading each 3/7/11W push/pullback on H4,H1 ... till daily reach it's targets zones ...
  • #14,495
  • May 23, 2014 4:31am May 23, 2014 4:31am
Quoting infinitus
{quote} My system works best in sideways phases, or in directional moves, when we see a lot of back and forth in it. First indications, that my VWAP assisted system should be used with cautious is, when price reaches a + or - 3 SD, because then chances get real high, that we are not in a mean reverting process anymore but in a stronger directional move. The fact, that we have literally not seen a meaningful retracement yet, may give value to the thought, that we have indeed finished the long lasting sideways-upways action of the long lasting triangle,...
Right now I am favoring the idea, that we are in subwave 5 of wave 1

This subwave 5 seems to be unfolding as ending diagonal. In this concept we would be now in wave 5 of this subwave 5


On the other hand:

when we had a small wave 2 up already, then the recent move down could also be a leading diagonal, or simply a series of 1-2's


This idea has some merrits, because the structure of this ending diagonal/leading diagonal does not clearly show ABC-moves, is rather more impulsive
  • #14,496
  • May 23, 2014 4:35am May 23, 2014 4:35am
Quoting rbetancor
Hi all .. anything new under the sun ..., waiting 1.3605 to be hit for a long-term long to load ... another one @1.35743 both with SL under 1.35293 TG1 1.3835, TG2 1.4143 TG3 1.4430 You know how this works ... will be loading/unloading each 3/7/11W push/pullback on H4,H1 ... till daily reach it's targets zones ...
seems to be a plan

but I do not believe, that we will see a new high over the coming months

but who knows - we will see soon enough
  • #14,497
  • May 23, 2014 4:38am May 23, 2014 4:38am
from a channel perspective the 3430 area is very interesting


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  • #14,498
  • May 23, 2014 4:39am May 23, 2014 4:39am
EU wave count Dimitry


http://www.roboforex.com/analytics/f...thly-05232014/


short term I agree so far
  • #14,499
  • May 23, 2014 4:42am May 23, 2014 4:42am
Quoting infinitus
{quote} Right now I am favoring the idea, that we are in subwave 5 of wave 1 This subwave 5 seems to be unfolding as ending diagonal. In this concept we would be now in wave 5 of this subwave 5 On the other hand: when we had a small wave 2 up already, then the recent move down could also be a leading diagonal, or simply a series of 1-2's This idea has some merrits, because the structure of this ending diagonal/leading diagonal does not clearly show ABC-moves, is rather more impulsive
What I see from the 1.3993 top ... it's ..

3W down - Conector (1-2,1-2,..) - 3W down - 3W up - 3W down - 3W up and now a final 3W down .... no impulsive estructures, not on H1 or H4

I know it's an ugly sequence ... but 7x3W means only one thing ... HUGE REVERSE

As far as Daily pivot @1.3477 holds ... and it will hold we are going up at least to 1.3850 zone
  • #14,500
  • May 23, 2014 5:01am May 23, 2014 5:01am
i get your point infini thank you although i am not an ew practician but i understand the minimum basics,hence a question please:

now that you favore the scenario of subwave 5 of wave 1 down,this subwave should end around the area 3626 to 3611 that you mention before and then wave 2 up starts from there but can go lower according to Murrey Math levels and direction?
better be not enough salt than too much salt
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