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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #14,921
  • Jun 13, 2014 6:15am Jun 13, 2014 6:15am
Quoting janpec1000
{quote} 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.
we have a slight chance to even go below the 3511 low. In this scenario, we have just finished the subwave 4 of impulsive wave C (down) of B (down). In this case we are now in subwave 5 down, which should terminate now towards 3503, in case of extension towards the 3485-3480 level

As I already noted yesterday, I was not satisfied with the structure of the impulse down and missing a nice subwave 5
  • #14,922
  • Jun 13, 2014 6:17am Jun 13, 2014 6:17am
volume profile on EU

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  • #14,923
  • Jun 13, 2014 6:19am Jun 13, 2014 6:19am
Quoting janpec1000
{quote} 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


the comments on your chart are very very good
  • #14,924
  • Jun 13, 2014 6:33am Jun 13, 2014 6:33am
Murrey math levels and direction (VWAP assisted)

3519 would be nice turning point

3489 would be excellent

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  • #14,925
  • Jun 13, 2014 6:35am Jun 13, 2014 6:35am
Damm!! ... lost the movements ...
  • #14,926
  • Jun 13, 2014 6:35am Jun 13, 2014 6:35am
scratching my head here over my own action:

the drop was kind of obvious, nevertheless I did not sell my 3540 and 3550 longs when I sold my 3515 long @ 3569


well.......
  • #14,927
  • Jun 13, 2014 6:40am Jun 13, 2014 6:40am
Quoting infinitus
scratching my head here over my own action: the drop was kind of obvious, nevertheless I did not sell my 3540 and 3550 longs when I sold my 3515 long @ 3569 well.......
Also I got sell signal @1.35629 and missed it ... been all the morning bussy at phone.
  • #14,928
  • Jun 13, 2014 7:13am Jun 13, 2014 7:13am
interesting to see, how one trader in our "beloved" neighbor thread squirms because of some indicators. The thread owner actually promoting indicators, but in the past ridiculing everyone for using them, seems not able to help.

But each to his own.

At some point people should be grown up enough to recognize, when it is time to move on (and look for another thread, if ever)
  • #14,929
  • Jun 13, 2014 7:22am Jun 13, 2014 7:22am
Seems like we will see 1.3519-1.3471 ... will love to see 1.3489-1.3477 ... as that's the perfect zone for me to long the swing on D1-H4-H1 ... will be a perfect alignment of the them.
  • #14,930
  • Jun 13, 2014 7:37am Jun 13, 2014 7:37am
what a mess......

http://www.zerohedge.com/news/2014-0...ayatollah-urge


snipset:

as a result of the epic US leftover mess in Iraq, it is now up to its arch nemesis Iran to get in and protect the country from none other than Al-Qaeda. And not only that, but Iran is prepared to work with the "great Statan", America, to defend the middle east from Al-Qaeda!
And to think: this is only the beginning

Shall we watch Oil and Gold closely?
  • #14,931
  • Jun 13, 2014 7:40am Jun 13, 2014 7:40am
when we are in the ABC-flat scenario:



maybe the whole impulsive wave C will develop as an ending diagonal


would be nice for range bound trading.....
  • #14,932
  • Jun 13, 2014 8:38am Jun 13, 2014 8:38am
Quoting infinitus
what a mess...... http://www.zerohedge.com/news/2014-0...ayatollah-urge snipset: as a result of the epic US leftover mess in Iraq, it is now up to its arch nemesis Iran to get in and protect the country from none other than Al-Qaeda. And not only that, but Iran is prepared to work with the "great Statan", America, to defend the middle east from Al-Qaeda! And to think: this is only the beginning Shall we watch Oil and Gold closely?
Hm, you know its possible that this Iraq thing could be another try to enter Iran. Syria failed once with USA and secondly with small attempt of Turkey, now what is happening in Iraq could lead to tens of thousand forces on ground again, and then suddenly just like after 2002 when Afganistan was siedged and Bush pulled out Sadam card and invaded neighbour country of Iraq, it could happen again - on Iran. From Afgan to Iraq, from Iraq to Iran, like a jumping bean. If incase this is true probably since first day USA president would announce a glimpse on Iran oil prices would start rallying massively, and technically becouse it was said before that it would be disaster to have long term conflict with Iran, only possibility would be complete modern Blietzkrieg that would stabilize oil prices once Iran is "quickly" taken. Just saying becouse entry to Iran can only be trough neighbour country as entry over sea would be suicide, so any scenario that is suspicious on neighbour country could be scenario for that.
  • #14,933
  • Jun 13, 2014 8:42am Jun 13, 2014 8:42am
Quoting infinitus
what a mess...... http://www.zerohedge.com/news/2014-0...ayatollah-urge snipset: as a result of the epic US leftover mess in Iraq, it is now up to its arch nemesis Iran to get in and protect the country from none other than Al-Qaeda. And not only that, but Iran is prepared to work with the "great Statan", America, to defend the middle east from Al-Qaeda! And to think: this is only the beginning Shall we watch Oil and Gold closely?

Yup absolutely and also watch USD

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  • #14,934
  • Jun 13, 2014 8:52am Jun 13, 2014 8:52am
European missile defense: Where is the logic?

http://rt.com/op-edge/165356-europea...efense-system/
  • #14,935
  • Edited 1:34pm Jun 13, 2014 1:10pm | Edited 1:34pm
Probably noone else here metal fan, but those two songs really are fine art of combining art with geo-politics together, it defines strongest imperialistic wars from last 15 years:
Inserted Video

Inserted Video


Metal has always been about deep lyrics those song did it ok. Just something to think about, there arent just Justin Beibers in this world, many artists do touch areas that are usually only touched by few of non-mainstream economists. "Mine" touches quite unfamiliar word, but a really strongly present one on every impire that has existed on this earth, which is economic terrorism. And the nation that uses the second word of it the most, is the one behind of use of it in days of our lifes, well with presence of few other European countries as well.

Lyrics:


All my devotion betrayed
I am no longer afraid
I was too blinded to see
How much you've stolen from me

You want to know why I feel so horrified?
I've let my innocence die
You want to know why I can't be pacified?
You made me bury something
I won't be sleeping tonight

I only wanted a blessing made
Now I've been labeled a renegade
It seems so clear now what I must do
You're no immortal
I won't let them
Deify you
They view you as the new messiah
Deify you
Renew belief in some demented man

You want to know why it seems the passion's died?
We've all been living this lie
You want to know why my will's been fortified?
You've made me hunger again
Good luck sleeping tonight

I only wanted a blessing made
Now I've been labeled a renegade
It seems so clear now what I must do
You're no immortal
I won't let them
Deify you
They view you as the new messiah
Deify you
Renew belief in some demented man

All my devotion betrayed
I am no longer afraid
I was too blinded to see
How much you've stolen from me

Deify you
They view you as the new messiah
Deify you
Renew belief in some demented man

I can relate to lyrics as 10 years ago , only being 14 i believed story that news served me about nature of war in middle east. And i couldnt be more wrong about it, it took time to discover, lyrics tell the same. And some friends told me year ago why care about it really, its happening far away from your country, and clearly they do not understand the course of imperial powers once they hit the wall with another power. Romans and Carthage, Mongols and China, France and England, USA and England, USA and Russia, when imperiums break trade which is only thing welding them together, brink of war is only question of time, and we are upon one seems like at least acording to history.
  • #14,936
  • Jun 14, 2014 12:18pm Jun 14, 2014 12:18pm
Just doing some forextester trading over weekend, 25 tests, every test finished at least on 100% acc increase. Only using trend following, and supply and demand + market structure as entry basics of my trading. If one can make tens of tests over 100 trades per test profitable on system, it will perform well on live aswell as long as TP SL rules are somehow not affected by emotions too much. That is my philosophy over those who say that trading in forextester is not reliable for system quallity or forward results.

http://prntscr.com/3srquc
  • #14,937
  • Jun 15, 2014 12:49pm Jun 15, 2014 12:49pm
Looks like more dollar strenght next week, GA has nice buy setup at POC:
http://prntscr.com/3t3shz
  • #14,938
  • Jun 15, 2014 2:13pm Jun 15, 2014 2:13pm
Quoting janpec1000
Just doing some forextester trading over weekend, 25 tests, every test finished at least on 100% acc increase. Only using trend following, and supply and demand + market structure as entry basics of my trading. If one can make tens of tests over 100 trades per test profitable on system, it will perform well on live aswell as long as TP SL rules are somehow not affected by emotions too much. That is my philosophy over those who say that trading in forextester is not reliable for system quallity or forward results. http://prntscr.com/3srquc...
Ehm great, and what system do you follow?

The scientific approach is: If others can reproduce your tests using your system with similar results then you have a working system, otherwise other factors "flow" into your trading view that canīt be reproduced by others and then it is not a working system.

For you that makes no difference cause if you can reproduce these results trading live you will be a rich man in no time.
  • #14,939
  • Jun 15, 2014 3:06pm Jun 15, 2014 3:06pm
Quoting CandleStar
{quote} Ehm great, and what system do you follow? The scientific approach is: If others can reproduce your tests using your system with similar results then you have a working system, otherwise other factors "flow" into your trading view that canīt be reproduced by others and then it is not a working system. For you that makes no difference cause if you can reproduce these results trading live you will be a rich man in no time.
Yeh generally if one puts down all system rules others can learn system. System works, becouse i can jump any time in forextester and finish with doubled account, on forextester one can get rid of feelings and as long as you take trading it in seriously and mechanically follow rules of trading system it is good way to proving system profitability. On manual trading i use more things on chart, detailed volume reading or so called VSA, also profiles and volume count per legs, but in forextester i only test my core basic part of system which is enough to be profitable, that is follow trend (define trend with highs and lows , follow 2-3 TF trends), enter on supply and demand zones and use eye to define market price structures if they are still bearish to trade along bear trend or oposite for bull. Funny thing is do i really need all volume reading that polute the chart, if its not necessary to be profitable, makes me wonder.

Here is final result of 2 day trading session, +1000%.
http://prntscr.com/3t5arx
  • #14,940
  • Jun 15, 2014 4:18pm Jun 15, 2014 4:18pm
Quoting janpec1000
Just doing some forextester trading over weekend, 25 tests, every test finished at least on 100% acc increase. Only using trend following, and supply and demand + market structure as entry basics of my trading. If one can make tens of tests over 100 trades per test profitable on system, it will perform well on live aswell as long as TP SL rules are somehow not affected by emotions too much. That is my philosophy over those who say that trading in forextester is not reliable for system quallity or forward results. http://prntscr.com/3srquc...
Do you use their limited trial software?
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