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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #14,961
  • Jun 18, 2014 4:50am Jun 18, 2014 4:50am
Anyone has insight on todays FOMC decision?
I am thinking interest rate unchanged possibly some bullishness for USD, tanking EU trough 1.350.
  • #14,962
  • Jun 18, 2014 6:11am Jun 18, 2014 6:11am
Quoting janpec1000
Anyone has insight on todays FOMC decision? I am thinking interest rate unchanged possibly some bullishness for USD, tanking EU trough 1.350.
http://www.forexfactory.com/showthre...51#post7544251

answer to your quote:

this was a scalp for today for me and i close my profits on EU after 10-20 Pips atm.... We have lowest range on EU since 1980. You can earn more money on scalping as on "trend trading" atm. trend trading im doing on EURAUD atm....

and i want to stop my trading on EU after vacation. the analysis is the same but the profit much less

as you can see the big moves are only if Super Mario Speak or FOMC. Who can say what will happen on news???? And i don't want to risk my green profits on news.

TO answer your question of your post:

whatever she will say i'm bullish on EURUSD, maybe we see a dip lower and than strong up. this is my view atm....

Schickeria!
  • #14,963
  • Jun 18, 2014 6:52am Jun 18, 2014 6:52am
Quoting janpec1000
Anyone has insight on todays FOMC decision? I am thinking interest rate unchanged possibly some bullishness for USD, tanking EU trough 1.350.
Doesn't matter what they say ..., my plan:

- Sell any rally under 1.3677 with TG 1.3418-1.3380 target zone
- Buy 1.3418-1.3380 zone with TG 1.3993, if fails ... BUY 1.3355-1.3279 with TG 1.4250
  • #14,964
  • Jun 18, 2014 6:55am Jun 18, 2014 6:55am
Quoting rbetancor
{quote} Doesn't matter what they say ..., my plan: - Sell any rally under 1.3677 with TG 1.3418-1.3380 target zone - Buy 1.3418-1.3380 zone with TG 1.3993, if fails ... BUY 1.3355-1.3279 with TG 1.4250
On shorter TF's ... we could see a 1.3484, bounce to 1.3540, fail ... and again down to 1.3418-1.3380 target zone
  • #14,965
  • Jun 18, 2014 8:07am Jun 18, 2014 8:07am
Quoting Schickeria
{quote} http://www.forexfactory.com/showthre...51#post7544251 answer to your quote: this was a scalp for today for me and i close my profits on EU after 10-20 Pips atm.... We have lowest range on EU since 1980. You can earn more money on scalping as on "trend trading" atm. trend trading im doing on EURAUD atm.... and i want to stop my trading on EU after vacation. the analysis is the same but the profit much less as you can see the big moves are only if Super Mario Speak or FOMC. Who can say what will happen on news????...
Agree, i came to same realization few months into trading, thats why i never stayed only on EU trading and expanded onto many pairs. EU trends are fundamentally driven almost exclusively last 2 years, EURAUD was trending for last 10 years no matter what, actually trading i did in forextester is on EURAUD due to those strong trends becouse once trend starts on EURAUD, rule is keep trading until there is proper bottom or top. However there is one thing about EU trends on FOMCs or ECBs is that once they start (usually wednesday) they will make kickass Thursday on trading becouse dirrection is guaranteed as those trends are strong.

If you are moving onto EURAUD this is good combo to trade: AU and EA, somethimes its bit less clear on single of them where EUR or AUD should move, but with both of them on table its easier to see. Those two are correlated almost 95%, so if you see good bull signal on one of them think twice before longing oposite one hehe.
  • #14,966
  • Jun 18, 2014 8:08am Jun 18, 2014 8:08am
Quoting rbetancor
{quote} On shorter TF's ... we could see a 1.3484, bounce to 1.3540, fail ... and again down to 1.3418-1.3380 target zone
Agree with this view.
  • #14,967
  • Jun 18, 2014 8:47am Jun 18, 2014 8:47am
Quoting infinitus
EU Murrey Math levels and direction (VWAP assisted) {image}
Quoting infinitus
{quote} missed the opportunities to sell against 358x sold now @ 3546 for +8 expect a drop towards the 350x level




Hi all, back from long meeting


Hmmm, looking at above quoted postings, I do now feel stupid LOL

My Murrey analysis showed that price had a great chance for reversal at around 3535, and overall that direction favored upside.

With my executed trades later I went against my own analysis and probability. Price now at 3572


well........
  • #14,968
  • Jun 18, 2014 9:12am Jun 18, 2014 9:12am
fresh EU Murrey math levels and direction (VWAP assisted)

chance for longs toward the 3580 level

chance for shorts towards the 3550, extended 3535 (and even 3519)


medium term direction may be up towards the 3672 level, but hard to estimate, because of heterogeneous view on different TF's
Attached Image (click to enlarge)
Click to Enlarge Name: mm.jpg Size: 420 KB
  • #14,969
  • Jun 18, 2014 9:14am Jun 18, 2014 9:14am
EU


from EW point of view we may see here a leading diagonal up, or very bullish, a series of 1-2's up

Anyway, watch for reaction at the 3580-359x resistance shelf.....
  • #14,970
  • Jun 18, 2014 9:21am Jun 18, 2014 9:21am
EU


volume profiles
Attached Image (click to enlarge)
Click to Enlarge Name: mm.jpg Size: 428 KB
  • #14,971
  • Jun 18, 2014 1:14pm Jun 18, 2014 1:14pm
TD Ameritrade Admits "Virtually Always" Sells Retail Orders To HFTs
http://www.zerohedge.com/news/2014-0...il-orders-hfts
  • #14,972
  • Jun 18, 2014 1:50pm Jun 18, 2014 1:50pm
EU


EW proposal:

we are now in an ABC-flat wave 2 (up)

in this ABC we are in impulsive wave C

in this wave C we have started with a leading diagonal for subwave 1 (up)

now we would ideally retrace deep for subwave 2 (3535 to 3519)

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_2 Hours_snapshot.png Size: 63 KB
  • #14,973
  • Jun 18, 2014 2:01pm Jun 18, 2014 2:01pm
http://financeprofessorblog.blogspot.de/


nice, especially this one:

Behavioral finance and investment from Berkely

http://financeprofessorblog.blogspot...ment-from.html
  • #14,974
  • Jun 18, 2014 5:09pm Jun 18, 2014 5:09pm
Good night
  • #14,975
  • Jun 18, 2014 8:09pm Jun 18, 2014 8:09pm
EURUSD seems to come back to his monthly powerful upward trend. If so maybe we could see @ 1.42, @ 1.45 this year.
FXcube
  • #14,976
  • Jun 18, 2014 11:55pm Jun 18, 2014 11:55pm
EU

Murrey Math levels and direction (VWAP assisted)

a rise towards 3596 is expected. Extention towards 3611 possible. After that a drop towards 3550 is likely

All in all we may be on the way towards the 3672 level
Attached Image (click to enlarge)
Click to Enlarge Name: mm.jpg Size: 424 KB
  • #14,977
  • Jun 19, 2014 12:49am Jun 19, 2014 12:49am
EU


volume distribution for the last 32 days

see comments on the chart
Attached Image (click to enlarge)
Click to Enlarge Name: mm.jpg Size: 170 KB
  • #14,978
  • Jun 19, 2014 12:56am Jun 19, 2014 12:56am
Yesterdays POC @ 3544 is a virgin POC

another daily virgin POC is @ 3644

so we are in the middle of both

JFYI
  • #14,979
  • Jun 19, 2014 12:59am Jun 19, 2014 12:59am
EU daily TF with a 32 day volume distribution

speaking of "unfinished business"

Attached Image (click to enlarge)
Click to Enlarge Name: mm.jpg Size: 451 KB
  • #14,980
  • Jun 19, 2014 1:06am Jun 19, 2014 1:06am
Lest not forget Fukushima

Tepco’s ice wall runs into glitch at Fukushima No. 1

http://www.japantimes.co.jp/news/201.../#.U6H6IyhiOsR


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