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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #14,901
  • Jun 13, 2014 1:07am Jun 13, 2014 1:07am
Quoting infinitus
12 Numbers About The Global Financial Ponzi Scheme That Everyone Should Know http://www.zerohedge.com/news/2014-0...ne-should-know
Good morning my friend.

Early start for you as well. The weeks ending at quite an interesting note. Cable has been pushing higher on Carney remarks, GJ coming along with BoJ keeping the same stance. UJ still need to pick up. Where do you see it heading.

With Iraq in picture again, do you see Gold climbing up again above 1300 soon.
  • #14,902
  • Jun 13, 2014 2:02am Jun 13, 2014 2:02am
Quoting workingforex
{quote} Good morning my friend. Early start for you as well. The weeks ending at quite an interesting note. Cable has been pushing higher on Carney remarks, GJ coming along with BoJ keeping the same stance. UJ still need to pick up. Where do you see it heading. With Iraq in picture again, do you see Gold climbing up again above 1300 soon.
Good morning Workingforex,

hope you have a nice day today :-)

for me it looks like UJ is heading now toward the (roughly) 103 handle. Maybe we are in an C-wave impulse of an ending diagonal inside of a larger ABC pattern.

After that the UJ should go down more severely towards 98-96-94 area.


Regarding Gold:

Gold is in a very broad triangle pattern right now, which now lasts for nearly one year. This triangle is in my view a wave 4. The pattern of the triangle is a contracting one.

With this in mind and also looking at sentiment data, which have been pretty bearish recently, the wave D (down) of the triangle may be finished and price may be heading toward the 1300-1350 range to build the final wave E.

Right now we are at the 1275 resistance shelf. The Iraqi conflict is clearly not the main driver behind this whole moves.
  • #14,903
  • Jun 13, 2014 2:16am Jun 13, 2014 2:16am
Hmm, maybe I am wrong, but the recent move up (from this morning) in EU doews not look very impulsive.


Some Elliotticans may have it as the beginning of the wave 3 of this up-leg impulse. But it also can be the B-wave of an ABC-flat of the wave 2 of the impulse.


JMHO


We have a nice (short term) no-business-zone from 3569-3580. I think we only can break that with a nice momentum
  • #14,904
  • Jun 13, 2014 2:40am Jun 13, 2014 2:40am
would like to buy the 3537 support

(lower end of a no-business-zone)
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  • #14,905
  • Jun 13, 2014 3:27am Jun 13, 2014 3:27am
Good charting side for Bitcoin et.al.


http://bitinfocharts.com/de/comparis...e-btc-aur.html
  • #14,906
  • Jun 13, 2014 3:35am Jun 13, 2014 3:35am
Yup it was just matter of time.

http://www.zerohedge.com/news/2014-0...-road-bitcoins

Ready to buy at 400.


Infinitus use this site rather, it has most of coins and its more clean to read:
http://crypto-prices.com/
  • #14,907
  • Jun 13, 2014 3:38am Jun 13, 2014 3:38am
EU


Murrey Math levels and direction (VWAP assisted)


3580 seems to be interesting level. But keep in mind: risk is at least towards 3611 (6/8 on 4h chart) (market likes to turn on the even levels)
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  • #14,908
  • Jun 13, 2014 3:41am Jun 13, 2014 3:41am
EU


market statistics, playing field and v-POC's

3542 is the nearest v-POC at the moment. It is yesterdays POC

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  • #14,909
  • Jun 13, 2014 3:47am Jun 13, 2014 3:47am
Quoting janpec1000
Yup it was just matter of time. http://www.zerohedge.com/news/2014-0...-road-bitcoins Ready to buy at 400. Infinitus use this site rather, it has most of coins and its more clean to read: http://crypto-prices.com/


thanks for the link, Janpec.

How stupid is it from the US to set a date for cashing out of the seized Bitcoins? They should have done it discretely over a longer time frame, and in that way achieving far better price.

Stupidity is infinite
  • #14,910
  • Jun 13, 2014 3:52am Jun 13, 2014 3:52am
Better do not play with pencils, at least when in the US of A

New Jersey Threatens To Pull Teen From Home For "Non-Conforming Behavior"

http://www.zerohedge.com/news/2014-0...rming-behavior


Is the self-declared police of the world (gun-starving) getting nervous about deadly pencils?

Read the whole article, watch the video.......


Completely insane. The psychopaths are ruling the world. sadly, not only in the US of A
  • #14,911
  • Jun 13, 2014 3:54am Jun 13, 2014 3:54am
Quoting infinitus
{quote} Good morning Workingforex, hope you have a nice day today :-) for me it looks like UJ is heading now toward the (roughly) 103 handle. Maybe we are in an C-wave impulse of an ending diagonal inside of a larger ABC pattern. After that the UJ should go down more severely towards 98-96-94 area. Regarding Gold: Gold is in a very broad triangle pattern right now, which now lasts for nearly one year. This triangle is in my view a wave 4. The pattern of the triangle is a contracting one. With this in mind and also looking at sentiment data, which...
Yes I agree fully regarding Gold with you on that. We should be above 1300 soon. I am long-term UJ bullish, its just a drag at the minute, don't know where dollar is heading towards.

With Carney signaling about rate hike soon, we might see a response from Fed as well. And not to forget about BoJ, keeping the same stance and might add more stimulus later this year. I think that Jpy should weaken over the long-term but for the short-term, see it coming back a bit as JPY safe heaven classification.

As of now I have long entries on UJ which I plan to off-load around 103ish. Lets see how next weeks pans out. Out of Euro as of now, had a few long which I exited, so sidelined for Euro for now.

Really appreciate your analysis, keep posting.
  • #14,912
  • Jun 13, 2014 4:29am Jun 13, 2014 4:29am
Quoting infinitus
{quote} thanks for the link, Janpec. How stupid is it from the US to set a date for cashing out of the seized Bitcoins? They should have done it discretely over a longer time frame, and in that way achieving far better price. Stupidity is infinite

For discretely i dont think FBI can do that. I think that all siezed items from FBI have to be sold on auction if i remember correctly, so the only way FBI can sell coins is trough announcing ahead. Ofcourse that is under asumption that FBI really does everything according to law hehe.

However saying that i dont trust them a single thing so there could be some sort of plan behind, but really if you take all things in consideration its hard to see how this sale could be part of manipulation becouse there is hardly anything they can do. The only way i can see it as part of conspirancy maybe is if selling on auction goes to pre-arranged seller, where supply on sale will be created (eg like gold physical sales go from west to China), but demand will somehow not be and they will manage to push price down trough that, but then again all sales have to go trough blockchain otherwise they are not sales, so its hard to see what besides actual selling could be going behind there. In any case i am ready to buy at 300-400 if we really go that much down.
  • #14,913
  • Jun 13, 2014 4:39am Jun 13, 2014 4:39am
Quoting workingforex
{quote} Yes I agree fully regarding Gold with you on that. We should be above 1300 soon. I am long-term UJ bullish, its just a drag at the minute, don't know where dollar is heading towards. With Carney signaling about rate hike soon, we might see a response from Fed as well. And not to forget about BoJ, keeping the same stance and might add more stimulus later this year. I think that Jpy should weaken over the long-term but for the short-term, see it coming back a bit as JPY safe heaven classification. As of now I have long entries on UJ which...
BOJ printing- yes.
BOE interest rate hike - yes.
FED interest rate hike - In order for that to happen i think that we would need to see biggest QE ever. Scenario of rate hike might be possible to lift confidence in dollar since petrodollar is on the way of extinction but actions that will follow on rate hike are so drastic that only way to keep banking system together will require massive printing. Rate hike without doing anything else is USA bankrupt, treasuries toilet paper and banks collapse, unless if banks do the same trick as in 1930 and jump out of market, let economy collapse and just start over, while still keeping all biggest banks in circulation, that does sound like an option. In any case BOJ and BOE are easy guess while FED is more tricky.
  • #14,914
  • Jun 13, 2014 5:34am Jun 13, 2014 5:34am
Quoting infinitus
Hmm, maybe I am wrong, but the recent move up (from this morning) in EU doews not look very impulsive. Some Elliotticans may have it as the beginning of the wave 3 of this up-leg impulse. But it also can be the B-wave of an ABC-flat of the wave 2 of the impulse. JMHO We have a nice (short term) no-business-zone from 3569-3580. I think we only can break that with a nice momentum

Hmmm.....

eitherwe have seen the B-wave(up) of ABC-flat down for a wave 2 (up)


or

we are in an impulsive wave up, where we see

wave 1
wave 2
and now in subwave 1 of wave 3, where the wave 1 develops as leading diagonal
  • #14,915
  • Jun 13, 2014 5:56am Jun 13, 2014 5:56am
shall we bet, that this move down caught most off-guard?
  • #14,916
  • Jun 13, 2014 6:01am Jun 13, 2014 6:01am
Quoting infinitus
{quote} sold the 3515 long @ 3569 for +54





re-loaded that long


long @ 3538
  • #14,917
  • Jun 13, 2014 6:03am Jun 13, 2014 6:03am
Quoting infinitus
{quote} re-loaded that long long @ 3537
Well done, rinse and repeat... keep pushing!
  • #14,918
  • Jun 13, 2014 6:04am Jun 13, 2014 6:04am
Quoting infinitus
{quote} re-loaded that long long @ 3538


may poke a bit deeper 3517-3519???
  • #14,919
  • Jun 13, 2014 6:05am Jun 13, 2014 6:05am
Quoting workingforex
{quote} Well done, rinse and repeat... keep pushing!
had to edit my entry - was at 3538
  • #14,920
  • Jun 13, 2014 6:07am Jun 13, 2014 6:07am
Quoting infinitus
{quote} re-loaded that long long @ 3538
Hm sell from 1.358 was too strong, looks like we are rather turning bearish than bullish at moment. 1.3520 seems like a must to test.

http://prntscr.com/3sd590
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