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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #14,981
  • Jun 19, 2014 1:21am Jun 19, 2014 1:21am
Quoting infinitus
{quote} OK, so far I am net long with the following positions: long @ 3550 @ 3540 @ 3515 {quote} additionally, further long positions are offsetting entirely my short positions: the bulk of the long position has been taken between 3602 and 3587 long @ 3618 @ 3611 @ 3602 @ 3590 @ 3587 when my EW count is right (we are now in an ABC-flat wave 2, in this ABC we are now in impulsive wave C), the price should most likely reach the 3672 area. An extended move would be able to reach the 3794 area (around fib 161.8% extension...

sold the 3587 long @ 3612 for +25

sold the 3590 long @ 3612 for +22


sold the 3602 long @ 36139 for +12
  • #14,982
  • Jun 19, 2014 1:31am Jun 19, 2014 1:31am
todays playing field

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  • #14,983
  • Jun 19, 2014 2:01am Jun 19, 2014 2:01am
The 5 days distribution is on sigma +5 so far. Nice directional move. There may be now more in it, albeit the tail risk grows
  • #14,984
  • Jun 19, 2014 2:18am Jun 19, 2014 2:18am
Quoting infinitus
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) {image}
OK, think we can forget above proposal

looks more like this at the moment:

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  • #14,985
  • Jun 19, 2014 2:26am Jun 19, 2014 2:26am
Quoting infinitus
The 5 days distribution is on sigma +5 so far. Nice directional move. There may be now more in it, albeit the tail risk grows
when movements hit the sigma 3 or above, the likelihood for proceeding trending is very very high. So we must pay attention to such moves/values.

My rule of thumb is: when we have hit such high values, I do not expect price to return to the other side of the distribution, but only to the equilibrium (the average of the distribution) or its POC


JFYI
  • #14,986
  • Jun 19, 2014 2:30am Jun 19, 2014 2:30am
Murrey Math levels and direction (VWAP assisted)



either we retrace here, or we are up to the 3641 levels
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  • #14,987
  • Jun 19, 2014 2:30am Jun 19, 2014 2:30am
Quoting infinitus
{quote} OK, think we can forget above proposal looks more like this at the moment: {image}
For me ... as far as 1.3667 holds ... 1.3613-1.3632 could be a B zone on H4 ... a now could reverse down to 1.3478-1.3431, if bounce from there fails ... next buying zone 1.3355-1.3279

If 1.3667 pivot got erased (ummm ... around 15% chance of been), next target zone would be 1.3747-1.3805
  • #14,988
  • Jun 19, 2014 2:42am Jun 19, 2014 2:42am
Quoting rbetancor
{quote} For me ... as far as 1.3667 holds ... 1.3613-1.3632 could be a B zone on H4 ... a now could reverse down to 1.3478-1.3431, if bounce from there fails ... next buying zone 1.3355-1.3279 If 1.3667 pivot got erased (ummm ... around 15% chance of been), next target zone would be 1.3747-1.3805

fully agree
  • #14,989
  • Jun 19, 2014 3:33am Jun 19, 2014 3:33am
Quoting infinitus
EU volume distribution for the last 32 days see comments on the chart{image}
reminder....
  • #14,990
  • Jun 19, 2014 4:43am Jun 19, 2014 4:43am
EURAUD
http://prntscr.com/3ubtwl

USDCHF:
http://prntscr.com/3ubupe
  • #14,991
  • Jun 19, 2014 5:18am Jun 19, 2014 5:18am
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Bearish engulfing

Looking to sell retracement with SL at swing high.

1st target at swing low.
Whether you can or you can't, you are both right.
  • #14,992
  • Jun 19, 2014 9:36am Jun 19, 2014 9:36am
Inserted Video


Take a notice at 10:00-11:30, aparently Ron Paul did second audit of the fed and they found 23 trillion of poped up money, which means 7 trillion more than in 2012, completly throwing all FED reported QE numbers into trash. Like expected its all lie, real printed numbers are way way higher, and tapering is just nonsense becouse noone can ever know how much they really print. For us traders tapering or QE numbers matter becouse markets react from them, but for long term investment its not important becouse all you need to know in that case is to preapare for brace.
  • #14,993
  • Jun 19, 2014 9:57am Jun 19, 2014 9:57am
Quoting rbetancor
{quote} For me ... as far as 1.3667 holds ... 1.3613-1.3632 could be a B zone on H4 ... a now could reverse down to 1.3478-1.3431, if bounce from there fails ... next buying zone 1.3355-1.3279 If 1.3667 pivot got erased (ummm ... around 15% chance of been), next target zone would be 1.3747-1.3805
Don't like how the day have developed ... seems like 1.3667 it's going to be erased and that will put me on troubles ... Seems like 1.3641-1.3652 is still holding, but I'm less confident than this morning.
  • #14,994
  • Jun 19, 2014 4:37pm Jun 19, 2014 4:37pm
Coca-Cola forced to close India bottling factory over excessive water use, pollution

http://rt.com/news/167012-coca-cola-...-closed-india/
  • #14,995
  • Jun 19, 2014 5:11pm Jun 19, 2014 5:11pm
Quoting infinitus
Coca-Cola forced to close India bottling factory over excessive water use, pollution http://rt.com/news/167012-coca-cola-...-closed-india/
very good ... save the planet's natural resources also makes sense...
like this kind of news..
  • #14,996
  • Jun 20, 2014 12:54am Jun 20, 2014 12:54am
25 Shocking Facts About The Earth's Dwindling Water Resources
http://www.zerohedge.com/news/2014-0...ater-resources



Good morning friends
  • #14,997
  • Jun 20, 2014 12:57am Jun 20, 2014 12:57am
The Keynesian Apotheosis Is Here; But Blame The Final Destruction Of Sound Money On The Bushes

http://www.zerohedge.com/news/2014-0...d-money-bushes


Great reading
  • #14,998
  • Jun 20, 2014 1:05am Jun 20, 2014 1:05am
EU

todays playing field

note: yesterdays high @36434 was only 1 pip shy of the 3644 virgin POC - so I take it as taken out
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  • #14,999
  • Jun 20, 2014 1:15am Jun 20, 2014 1:15am
Murrey Math levels and direction (VWAP assisted)

the daily TF octave has just jumped a bit. In doing this the octave now offers more upside risk towards the 3794 to 3855 level

We have to watch the action towards the 3672 level (4/8 pivot) very carefully

Shorter TF prefer the downside at the moment. A "premature" move toward the 3672 level will not abort the expected drop but only delay

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  • #15,000
  • Jun 20, 2014 1:21am Jun 20, 2014 1:21am
EU long term volume distributions

spot the areas in need for volume fill

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