The Club!

Dimitri EW counts


still do not agree with his long term counts, though

http://www.roboforex.com/analytics/f...thly-05262014/

I do not agree with him D1 count ... RSI doesn't validate that triangle he draw.

I do agree with his D1 count regarding the triangle. Only I do see the top as wave E, not wave D

But there is still a descent chance, from wave perspective, that wave 5 of the triangle was not wave 5 but only the B-wave of a wave 4 ABC-flat

http://prntscr.com/3mphrb

EJ most likely we are about to see failed supply and bit of rally, EU could follow.

7:00 into video confirmation of price manipulation with heavy shorts on 1400 bucks per gold. Chart confirms the same since heavy manipulation began in 2013.03:
http://prntscr.com/3muhja
Just additional confirmation where resistance should be meet once we hit it again.

Damm! ... seems that will not be filled ... ... I must follow the rules strictly ... H4 50% back 1st entry !!! ... 1.3636 ... arg!! ... that happens because of been too greedy

Now ... have to wait ... maybe a 1.3692->1.3663, seems they want a 'bear trap on retrace', better than a 'bear trap on breakout'

Good time to start building EUR shorts on EA and EU ahead of June 5th. Drop to 1.4685 should happen anyways on EA.


http://www.zerohedge.com/news/2014-0...hore-held-gold

So now that they will be most likely denied, will this count it as supply and drop price like Germany denied audit?

EU volume profiles

Took 17 pips on GA short, further tank for GU for 40 pips, GCHF aswell. Holding EJ short now on 138.97, possible DD 22 pips.

http://www.zerohedge.com/node/488930

How Bots Manipulated The Price Of Bitcoin Through "Massive Fraudulent Trading Activity" At MtGox

read the rest in the link



For a decade, Barclays (among others) rigged the precious metals markets with bursts of sell orders to maintain the illusion that the ultimate indicator of status quo failure was not flashing red. It now appears that Bitcoin suffered the same (but buying burst) manipulation in the last year as The Willy Report notes that last year, a number of traders began noticing suspicious behavior on Mt. Gox. Basically, a random number between 10 and 20 bitcoin would be bought every 5-10 minutes, non-stop, for at least a month on end until the end of January. Each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2.5m was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But who did it? and why?

snipset


It needs to be recognized that, whether intentional or not (though plausible ignorance only goes so far), Mt. Gox has effectively been abusing Bitcoin to operate a Ponzi scheme for at least a year. The November “bubble” well into the $1000?s – and possibly April’s as well – was driven by hundreds of millions of dollars of fake liquidity pumped into the market out of thin air (note that this is equivalent to “with depositors’ money”). It is only natural that the Bitcoin price would deflate for around 5 months since its December peak, since there was never enough fiat coming in to support these kind of prices in the first place.
In the interest of full disclosure: I’ve known of everything I wrote in this report since basically a day after the database was leaked, well over 2 months ago. I’m sure there are at least some other people that knew about it – I mean, it’s there in plain sight, in publicly available data, so it surprises me that no one else has come out with it until now. I specifically waited for the Goxless, free market to finally break the ongoing downtrend on its own strength before releasing it. Barring similar shenanigans at other exchanges (looking at you China) I think this means we may be at a “fair” valuation now, and that this knowledge will not hurt the price all that much. That said, despite everyone’s expectations, it seems unlikely that there will be another huge “bubble”, seeing as they were never “real” in the first place. Hopefully, price can rise at a more controlled pace as more and more good news comes out; it will be much better for Bitcoin as a technology than the crazy volatility and outrageous valuations we’ve seen last year.

Yep i knew since start that the way banks will try to destroy it is not trough some sort of naked short selling, or price blockade or having released alternative cryptos of their own, but simply trough their own buying, and well what follows next doesnt really matter.

Too bad that right now Bitcoin is still so much dependent on trust of people who run biggest exchanges, this means that not only MtGox but Bitstamp and BTC-China are next on line for credibility. The best defenese that Bitcoin has is to increase in price as fast as possible (from retailers) and also to increase difficulty of miniing to slow down distribution which will make banks harder to get big ammounts of Bitcoins in their hands.
Meanwhile still waiting for stash from FBI of siezed BTC to be dumped on to surpress price.

585 failed to be broken on big supply zone, we are now down to 560 as expected. If 540 holds, another push should happen to 585.

I hate when this happens ...

This morning, 3.00 GMT when the high of the day was touched ... SL of my lasting shorts got hit by spread ... yes by spread! ... not entered again because we are too low to going short now ... but hate this

Now waiting for signals to enter long again ..., same zones

Did someone notice the huge stopping volume in SP500

http://www.marketwatch.com/investing/index/spx

Stock market live: S&P 500 hits record as power stocks light up

http://online.wsj.com/news/articles/...901936202.html

By
Tomi Kilgore
http://s.wsj.net/img/b.gif
Updated May 27, 2014 12:24 p.m. ET
NEW YORK—U.S. stocks rallied, pushing the S&P 500 to an all-time intraday high Tuesday, as small-capitalization stocks continued their recent sharp bounce.
Trading activity remained relatively muted as investors returned from a long holiday weekend, with market volatility readings hovering just above 14-month lows.
The S&P 500 index climbed nine points, or 0.5%, to 1910. The index hit an intraday high of 1911.63, topping the previous record of 1902.17 hit on May 13.

Goldpreis 700 - 900 - 1'000 - 2'000....? Frage die Sterne!
Ich bin ja mehr der Silberfan, der wird bei erhöhter Nachfrage wohl auch "feingetun(e)d/t" werden.
FXcube

price of EU is at a very interesting place - out of my volume profile view:


when we break the 3611 price literally jumps out of the old distribution into another one, which has its lower no-business-zone towards 3530-3540, and its POC around 3600 (that is the 160 days distribution)

when we look at the older money curves (the last nearly 900 days), we have a high business-zone at 3583 and a no-business zone around 3560.

Question is: is the old money still involved, or do we play just the more recent levels?

EU

on weekly and monthly chart I have nice confluences around the 3428 level (Ichimoku, Murrey Math, certain moving averages with high tendency towards S/R)