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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #15,041
  • Jun 23, 2014 10:32am Jun 23, 2014 10:32am
Quoting bzzz
{quote} sorry for late reply short fresh and still open
Same here have short 4600. Still sticking to short view on EU, however EA is bit more tricky, there was clear double bottom formed with vertical climb, also quite strong bull reaction on EJ, so across board not really that much bear on EUR, but defenetly not bull.
  • #15,042
  • Jun 23, 2014 10:58am Jun 23, 2014 10:58am
The Generational Short Part 2: Who Will Boomers Sell Their Stocks To?
http://www.zerohedge.com/news/2014-0...l-their-stocks
  • #15,043
  • Jun 23, 2014 11:20am Jun 23, 2014 11:20am
EU


Murrey Math levels and direction (VWAP assisted)

risk on the upper side seems to be contained between 3611 and 3641

risk on the lower side may find the 3580 to 3565 area again
Attached Image (click to enlarge)
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  • #15,044
  • Jun 23, 2014 11:31am Jun 23, 2014 11:31am
GBPNZD:
http://prntscr.com/3vpp2o
  • #15,045
  • Jun 23, 2014 11:32am Jun 23, 2014 11:32am
Quoting janpec1000
{quote} Same here have short 4600. Still sticking to short view on EU, however EA is bit more tricky, there was clear double bottom formed with vertical climb, also quite strong bull reaction on EJ, so across board not really that much bear on EUR, but defenetly not bull.
similar view,but the pb in my opinion is that aussie is maybe turning a little bit bullish and heading to 9528.
note that we have a materialized double bottom on au(the one on WTF) but didn't cross the neckline(and i don't expect it to do since we have a pretty strong supply area)but maybe heading toward it
better be not enough salt than too much salt
  • #15,046
  • Jun 23, 2014 11:50am Jun 23, 2014 11:50am
Quoting bzzz
{quote} similar view,but the pb in my opinion is that aussie is maybe turning a little bit bullish and heading to 9528. note that we have a materialized double bottom on au(the one on WTF) but didn't cross the neckline(and i don't expect it to do since we have a pretty strong supply area)but maybe heading toward it
Completly agree, realized that after checking AUDUSD hehe.
  • #15,047
  • Jun 23, 2014 3:01pm Jun 23, 2014 3:01pm
Fuc!ing unbelievable......


Germany Gives Up On Trying To Repatriate Its Gold, Will Leave It In The Fed's "Safe Hands"

http://www.zerohedge.com/news/2014-0...eds-safe-hands
  • #15,048
  • Edited 4:15pm Jun 23, 2014 3:15pm | Edited 4:15pm
Quoting infinitus
Fuc!ing unbelievable...... Germany Gives Up On Trying To Repatriate Its Gold, Will Leave It In The Fed's "Safe Hands" http://www.zerohedge.com/news/2014-0...eds-safe-hands
What did you expect. There is Cold war 2 starting out, Germany and USA have to stick together, time to bury axe of dissagrements whatsoever. Ofcourse all that said from perspective of those in power.
Gold isnt there anyways i think that message was clear, there is no point insisting on gold repatriation becouse that only creates push on gold which neither USA nor Germany want as DB is just as much part of gold manipulation as USA banks are, well aparently at least used to be with sold seat on gold fix now.

Meanwhile Putin has plan to ban all AMD and Intel chipsets from PCs to replace with their owns haha...economic Cold war getting funny.


JPY index , probably wall drop on JPYs starting in next few hours.
http://prntscr.com/3vs8dl

Probably easiest trade on horizon, only question from where to short:
http://prntscr.com/3vt03l
  • #15,049
  • Jun 23, 2014 6:00pm Jun 23, 2014 6:00pm
Murrey Math levels and direction (VWAP assisted)


nothing much has changed.

Sequence should be:

up, then down

targets to the upper side are 3611 and 3642. The 3672 level seems to be not very likely at the moment. Out of my view the 3611 is the most likely one at the moment.

After that a drop towards at least 3588 or 3580 may occur. Extended fall may bring 3550 subsequently

Attached Image (click to enlarge)
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  • #15,050
  • Jun 24, 2014 3:35am Jun 24, 2014 3:35am
Quoting janpec1000
{quote} What did you expect. There is Cold war 2 starting out, Germany and USA have to stick together, time to bury axe of dissagrements whatsoever. Ofcourse all that said from perspective of those in power. Gold isnt there anyways i think that message was clear, there is no point insisting on gold repatriation becouse that only creates push on gold which neither USA nor Germany want as DB is just as much part of gold manipulation as USA banks are, well aparently at least used to be with sold seat on gold fix now. Meanwhile Putin has plan to ban...
All played perfectly up to pip. JPYs had wall drop of 600 pips across the board, took 82 pips over night on smaller positions. GCAD also already started droping.

JPY wall drop on index, backed from previous pic.
http://prntscr.com/3vxujy
  • #15,051
  • Jun 24, 2014 5:30am Jun 24, 2014 5:30am
Quoting infinitus
{quote} another long @ 3585 to sum it up: long time short @ 3970 offsetting long positions now @ 3585 (15%) @ 3589 (15%) @ 3618 (5 %) @ 3611 (5%)


the remaining offsetting long positions were (after transacting the others as already reported days ago):

@ 3618
@3611

I have closed the 3611 position @ 3625 for +14
  • #15,052
  • Jun 24, 2014 5:54am Jun 24, 2014 5:54am
Ups posted wrong picture before, here it is JPY index:
http://prntscr.com/3vyp9n

1000 pips drop aprox over 3 days.
  • #15,053
  • Jun 24, 2014 6:25am Jun 24, 2014 6:25am
Quoting infinitus
{quote} the remaining offsetting long positions were (after transacting the others as already reported days ago): @ 3618 @3611 I have closed the 3611 position @ 3625 for +14


Me closed long from 1.35757 @ 1.36225 ... now waiting a new low ... around 1.3588 ... or far better if this goes with GBP down till 50% fib of last move on GBP, around 1.6878-1.6834, meaning EU @1.3411-1.3382

Still whant my big long to get loaded on that zone ...
  • #15,054
  • Jun 24, 2014 6:34am Jun 24, 2014 6:34am
Quoting rbetancor
{quote} Me closed long from 1.35757 @ 1.36225 ... now waiting a new low ... around 1.3588 ... or far better if this goes with GBP down till 50% fib of last move on GBP, around 1.6878-1.6834, meaning EU @1.3411-1.3382 Still whant my big long to get loaded on that zone ...
Would love to see that happen, at momment i cant see it from price structure of m15 to go down that much, but defenetly staying bear longer term. Anything landing bellow 1.36 looks bearish. Anyways full focus on JPYs this week as reward is much better than on EU or any EUR pair!
Gold climbing higher, lets see if it can get to 1380, where full beating begins and a nose dive.
  • #15,055
  • Jun 24, 2014 9:25am Jun 24, 2014 9:25am
EU

Murrey math levels and direction
Attached Image (click to enlarge)
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  • #15,056
  • Jun 24, 2014 9:27am Jun 24, 2014 9:27am
EU Volume levels
Attached Image (click to enlarge)
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  • #15,057
  • Jun 24, 2014 10:36am Jun 24, 2014 10:36am
Shoot them motherf*****:
http://prntscr.com/3w12yi

Just a movie quote.

Same on EU thread.
  • #15,058
  • Jun 24, 2014 11:02am Jun 24, 2014 11:02am
Possible path on EU ...

1.3573-1.3580 ... to 1.3600-1.3611 ... to 1.3547-1.3533 ... that could be a first buying zone to 1.36938-1.37276 ... if fails (hope it fails) ... next buying zone will be calculated after retrace.
  • #15,059
  • Jun 24, 2014 11:53am Jun 24, 2014 11:53am
Credit Suisse "Fear Barometer" Hits All Time High

http://www.zerohedge.com/news/2014-0...-all-time-high


So is it smooth sailing ahead, with the market firmly under the control of the Fed?
For one possible answer we refer to the latest note by FBN's JC O'Hara who looks at a different "fear" index, namely the Credit Suisse Fear Barometer. He finds that, at 37%, it has never been higher.
  • #15,060
  • Jun 24, 2014 12:32pm Jun 24, 2014 12:32pm
Very good reading

The Fed's Hobson's Choice: End QE/ZIRP Or Destabilize The Dollar & The Treasury Market

http://www.zerohedge.com/news/2014-0...reasury-market
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