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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #14,521
  • May 23, 2014 2:35pm May 23, 2014 2:35pm
Quoting infinitus
EU my trading plan SL below of 3490 at around 3510-30 area I will load bigger {image}
hmmm, maybe missed the entry?

I cancel now the orders to see what the European elections will bring
  • #14,522
  • May 23, 2014 3:16pm May 23, 2014 3:16pm
Quoting infinitus
{quote} hmmm, maybe missed the entry? I cancel now the orders to see what the European elections will bring
No ... I have the same entries as this morning ... 1st @1.3605 2nd @1.3574 ... maybe an opening downgap or upgap ... doesn't matter ... 1.3580 is a MUST to visit.
  • #14,523
  • May 23, 2014 3:36pm May 23, 2014 3:36pm
Quoting rbetancor
{quote} No ... I have the same entries as this morning ... 1st @1.3605 2nd @1.3574 ... maybe an opening downgap or upgap ... doesn't matter ... 1.3580 is a MUST to visit.
The longer I look at the charts of EU and DX, the more compelling gets the idea, that we have seen in both a shallow wave 2.

That would mean, that we are in EU either in a series of 1-2's or in a leading diagonal of a bigger wave 3 (down)

I would love to see the price again in the 3700-3750 area, but we can easily go down from here towards the 3510-3530 no-business zones, extended towards the 3460 (roughly) zone
  • #14,524
  • May 23, 2014 3:41pm May 23, 2014 3:41pm
http://www.zerohedge.com/news/2014-05-23/tick-tick-tick
  • #14,525
  • May 24, 2014 4:35am May 24, 2014 4:35am
Quoting bzzz
hi jan thank's for your sharing i c what you mean {quote} the same view can be applied to the demand area below {quote} I totally agree that is why i am playing it with caution,but you are right mate {image}
Just to be clear demand and supply zones on picture do not show the same view. There is big difference between those two in terms of strenght, demand zone has sent price away and price has created higher lows meanwhile, now there are already another demand zones defending price from droping. Supply on other hand has no near supply zones that could prevent current main supply from test, which means that current supply is getting wekened. I am quite sure that in this picture its supply that will be broken, and shorts will not work.

EURAUD
http://prntscr.com/3m2pbg
  • #14,526
  • May 24, 2014 6:46am May 24, 2014 6:46am
Fantastic interview of JR.
http://www.moneynews.com/StreetTalk/..._code=crvzhkqc

One thing i was wondering before is what play could China have on dollar collapse, how good could they come out of it especially considering they could have next reserve currency and there is one tiny part of interview that makes you wonder. Since gold is hedge on Chinas balance sheet against dollar, this hedge could easily be one directional trade if T bills drop in value a lot, becouse on end China gets reserve currency anyways, which is way more powerful than those few trillion in T bills. Reserve currency builds empires.
But question is, how will reserve currency of China look, will it be floating currency that we could still trade in forex? Becouse this means we might have only 2 more years of fx trading ahead if they created fixed currency, which probably means that everyone goes fixed. I would really like to get some insight into that question havent managed to find any interview that touches this area, as it is basically survival part of forex.
Also what will happen to leaverage. Once dollar goes down whole leverage system of western banks will be most likely cut down, would that mean 1:10 max leaverage in fx after, forcing increased capital on accounts?
  • #14,527
  • May 25, 2014 10:20am May 25, 2014 10:20am
Ahahaha, only noticed this now:

http://www.latimes.com/business/la-f...521-story.html

Seems like this was released on same day as historical energy deal between Russia and China. The hidden play behind that news release has to be something big. Monterey shail oil area was suppose to be biggest main area of oil supply in USA, cuting it 96% means that either it was complete lie, and it will be used in future to hike up oil prices in USA along with decline of petrodollar, or the news release is lie and there actually is big area of oil and it was just by "coincidence" released on that same day of historical deal between Russia and China, so that it might have feature price hammering on Saudi or maybe something along that.
Well we will know in few years most likely for sure.
  • #14,528
  • May 25, 2014 11:31am May 25, 2014 11:31am
Well, on weekly chart my long-term view for WTI (US oil) is bullish with tp around 110 or higher.

I wouldn't be surprise if in coming weeks we see many news that will drive oil price higher and higher, just look at this chart below :

- Yellow: base area
- Orange: long-term trendline
- Red: possible next move


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  • #14,529
  • May 25, 2014 11:36am May 25, 2014 11:36am
Quoting andexQ
Well, on weekly chart my long-term view for WTI (US oil) is bullish with tp around 110 or higher. I wouldn't be surprise if in coming weeks we see many news that will drive oil price higher and higher, just look at this chart below : - Yellow: base area - Orange: long-term trendline - Red: possible next move {image}
Well you know just from my post before, one could assume oil price increase. Just using basics of supply and demand would do so becouse USA does not export or import as far as i know.

But from technical view, defenetly up, supply will bend on current highs we might have break very soon.
  • #14,530
  • May 25, 2014 5:03pm May 25, 2014 5:03pm
Quoting infinitus
{quote} 3611 has now much probability if it is broken 3582 seems to be next, extended 3550 a break of 3611 will give strength to very bearish outcomes, when 3611 is broken fast, because of price jumping into - 3 SD area when price stays sideways for many hours now, it may even get more bearish, because the distributions would then come more down and shifting the -2 SD areas further down. Keep in mind: a movement into the 2 SD area is quiet normal (tail of the distributions), because market is trying out the borders of price...


Hi friends,

hope you had a great weekend :-)


3611 was almost met on FXCM, Dukascopy had around 36145

what is next?
  • #14,531
  • May 26, 2014 1:30am May 26, 2014 1:30am
Quoting infinitus
{quote} Hi friends, hope you had a great weekend :-) 3611 was almost met on FXCM, Dukascopy had around 36145 what is next?

Seem will play ranging around 3600 - 3650 area for a while... and then maybe will go to 3690
  • #14,532
  • May 26, 2014 2:04am May 26, 2014 2:04am
Quoting andexQ
{quote} Seem will play ranging around 3600 - 3650 area for a while... and then maybe will go to 3690
Please no !!! ... I want my pendings to be filled :-) ... 1.35742-1.35523 ... tha's a good point for ending this correction
  • #14,533
  • May 26, 2014 2:32am May 26, 2014 2:32am
1st signal ... break of H1 downtrendline

Let's see if a false BO

I know that as far as 1.3636 was taken out last week ... H4 target zone was meet, but still want my 1.3585 ... so bears will get 'trapped' ...
  • #14,534
  • May 26, 2014 2:36am May 26, 2014 2:36am
Inserted Video
  • #14,535
  • May 26, 2014 2:43am May 26, 2014 2:43am
http://www.learntotradethemarket.com...26th-30th-2014
  • #14,536
  • May 26, 2014 3:25am May 26, 2014 3:25am
Murrey Math levels and direction (VWAP assisted)


chance is high for ranging or up; still some risk towards the 3550 level

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  • #14,537
  • May 26, 2014 3:33am May 26, 2014 3:33am
EU


volume profiles

nothing much changed since Friday
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  • #14,538
  • May 26, 2014 3:39am May 26, 2014 3:39am
EU

playing fields

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  • #14,539
  • May 26, 2014 3:47am May 26, 2014 3:47am
I think that we are in a subwave iv of wave V with a final target around 1.35847

Let's see

My filling target zone on H1 it's 1.3620-1.35847 ... we was in the zone that morning ... and will be again this evening ..
  • #14,540
  • May 26, 2014 4:09am May 26, 2014 4:09am
http://www.forexlive.com/blog/2014/0...ting-recovery/

Three months ago everyone was trying to convince me how ilusionistic idea is that i am thinking ECB will cut rates and start printing. Now many of those people on EURUSD forexfactory thread are jumping on vagon claiming that once they see it in news heh.

Sadly rate cut was priced in a lot already, should still be decent short however. QE announcement can also be priced a lot ahead but it will still have impact on currency long term which could be good for directional trades as long as QE is big enough. But best of those will still be BOJ QE becouse that one no matter how much is priced in impact on currency is still massive once it starts, meaning that we have some nice fundamental trades ahead.
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