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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #15,241
  • Jul 4, 2014 1:44am Jul 4, 2014 1:44am

  1. Simple Logic for a Complex Trading QuestionTue, Jul 1 2014, 10:32 GMT


Sam Seiden

  • #15,242
  • Jul 4, 2014 2:50am Jul 4, 2014 2:50am
Quoting janpec1000
@workingforex To put it simply GBPCHF price action is very similar to price action of GBP index if you would create index of most GBP pairs (excluding NZD) you would get very similar price action with same timing. Hope that answers it. If you want to know strenght of GBP itself you can use GBPCHF as best aproximation.
Yes that was insightful, would explore more about that.

Also I see you are short on GCAD. I was trying to understand the fundamentals behind CAD strength. Canada's exports are up in fact at best levels since 2011, trade deficit reduced. Oil prices have come off it peak but situation is still fluid in Middle East. Just trying to align the fundamentals which are favorable to strength of CAD. UCAD also is quite down, even with good NFP numbers out of US the pair moved very slowly only around 50 pips, which it lost by the end of the day. Technically UCAD had to move to these levels, so what do you see as fundamental behind CAD strength in general. You insight will be appreciated.
  • #15,243
  • Edited 4:03am Jul 4, 2014 3:49am | Edited 4:03am
Quoting janpec1000
Here is my EA short: http://prntscr.com/3z314q And GCAD short: http://prntscr.com/3z3367 USDTRY possible dirrection: http://prntscr.com/3z34s6
EA tp hit, still holding GCAD. At moment m5 is downtrend so hoping to get lower but ready to get out of trade since ucad is not really in bear formation anymore, and darn gbp has forgot what resistance means.
Here is view on UCAD:

http://prntscr.com/3z9p1e
http://prntscr.com/3z9p6u

This doesnt mean UCAD will go up but its defenetly a lot of bull signs, double bottom and strong daily demand zone just hitting it now, thats demand zone where its rally came from before. But GCAD h4 its still hard to believe that it could go up due to price structure but who knows, will track it. Need to take more trades today to cover it in case if it goes bad.

EDIT: took EA long 1.4525, m5 double bottom, sitting on support on higher tfs, looks ready to go higher, AU looks weak.
  • #15,244
  • Jul 4, 2014 4:49am Jul 4, 2014 4:49am
http://www.zerohedge.com/news/2014-0...d-bank-england

Huge gold dump incoming soon? 100-200 dollar dump on gold spot price can easy come from this /500 tones. So much about those who say India is not really part of western banksters society, its more in Asia teritory...Now they just aligned next to UK and France on gold dump program. Looks like Pakistanis have much more balls, they said no to IMF on possible sale of their reserves. Well thats one of reasons why buying gold physical as terms of investment is still too soon, there is still too much gold in reserves of countries that are willing to bend over to banksters. The best thing one can do if investing in gold is to just try count as best as possible all sold gold from central banks, then list all possible countries that could be overtaken by USA either revolution or army that are possible seller, and then list out all still avalible gold that can be sold. Then you get aproximate number when manipulation will end and its time to buy, that not counting China using its weapon of mass economic destruction and announcing their gold reserves, but that would only happen in case of clear start of WW3 probably due to T bills they have.
  • #15,245
  • Jul 4, 2014 4:57am Jul 4, 2014 4:57am
Good morning traedorians peace and pips be upon all of you
still holding my ecad looking for 30 or 40 pips lower
on ucad i am not sure a little bit puzzled but still favouring some downside
now watching eur/jpy and looking if it can get the DP(around 139.07) for some weakness
Attached Image (click to enlarge)
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better be not enough salt than too much salt
  • #15,246
  • Jul 4, 2014 5:25am Jul 4, 2014 5:25am
Nice short bzzz, i would exit now if i were you due to h1 solid bottom. You can join again with small risk at 4470 if you still have down view. Just my opinion.

There was just article today on our national media site about Icelandic politican from pirate party, who said that USA put her on terrorist list and FBI stormed her home and everything once she started to support idea for not bailing out banks. So it backs previous what i written before not only IMF has threatened around also other globalists went in full offensive against those kind of Icelanders. One thing that is interesting is that i noticed pirate parties are really the kind of political parties that i would maybe vote if there would such exist in our country. I know Sweden pirate party has good ideas and great leader and looks like Icelandic aswell, Germany is bit too much "computer-centred" i think to grasp real weight but might still have potential. Looks like those parties are best aproximation of Ron Pauls in politics area around the world.
So aparently now our politicans are trying to do the same that Iceland did before 2008, which is to privatize banks. Aparently Olli Rehn thinks that is good idea and aparently our politicans have to listen to everyone outside of their own country to let them know what is happening in inside. As publisher economist in neighbour country of Croatia said: privatization of banks was biggest mistake ever made by politics of Croatia same as in Iceland, and yet our goverment needs to see proof on their own skin before confirming it. I think that there are two things behind privatization of banks. First is obviously politicans get influence from Brussel and maybe some extra compensation for doing that and second is probably that EU has interest to do that so they can conglomerate all banks into accessible structure for "new FED" - ECB or maybe IMF. Becouse with nationalized banks like Iceland showed EU and USA need to have politicans in their pockets to control actions of bailouts while with privatized banks it can all already be smoothly positioned well before anything like that happens.


EDIT: exited GCAD short BE, no point sticking on demand now, will add higher.
  • #15,247
  • Jul 4, 2014 6:33am Jul 4, 2014 6:33am
Quoting janpec1000
Nice short bzzz, i would exit now if i were you due to h1 solid bottom. You can join again with small risk at 4470 if you still have down view. Just my opinion. There was just article today on our national media site about Icelandic politican from pirate party, who said that USA put her on terrorist list and FBI stormed her home and everything once she started to support idea for not bailing out banks. So it backs previous what i written before not only IMF has threatened around also other globalists went in full offensive against...
thank you janpec1000,i admit i hesitated at some point to maintain it when it started struggling but i remember that you took a nicer one,may i ask if you bailed it out at some level and if so?why?
better be not enough salt than too much salt
  • #15,248
  • Jul 4, 2014 7:02am Jul 4, 2014 7:02am
Not sure which short you mean, do you mean GCAD short? i closed that on BE, ye the reason was becouse it just hit demand zone (at same time as ECAD formed h1 bottom) where my entry was of short. ECAD short i had one few days before but have exited it soon in small profits.

Here is trade that should work out. I am long as posting.
http://prntscr.com/3zax42

Also this one GCHF:
http://prntscr.com/3zaytp
  • #15,249
  • Jul 4, 2014 7:29am Jul 4, 2014 7:29am
Quoting janpec1000
Not sure which short you mean, do you mean GCAD short? i closed that on BE, ye the reason was becouse it just hit demand zone (at same time as ECAD formed h1 bottom) where my entry was of short. ECAD short i had one few days before but have exited it soon in small profits. Here is trade that should work out. I am long as posting. http://prntscr.com/3zax42 Also this one GCHF: http://prntscr.com/3zaytp
that one
no single trade for me till now
what's you tp on gbp/aud i see 8337-38 as a potential resistance
better be not enough salt than too much salt
  • #15,250
  • Jul 4, 2014 7:36am Jul 4, 2014 7:36am
Quoting bzzz
{quote} that one no single trade for me till now what's you tp on gbp/aud i see 8337-38 as a potential resistance
I am only taking 6 pips actually, there is quite high volume resistance up sort of POC if i scale into higher TP i would need to leave it over weekened.
Looks like ECAD bottom will not hold. Have short on EJ for 4 pip TP, hopefully before market closes. Looking for more EUR shorts next week.
  • #15,251
  • Jul 4, 2014 7:51am Jul 4, 2014 7:51am
Quoting janpec1000
{quote} I am only taking 6 pips actually, there is quite high volume resistance up sort of POC if i scale into higher TP i would need to leave it over weekened. Looks like ECAD bottom will not hold. Have short on EJ for 4 pip TP, hopefully before market closes. Looking for more EUR shorts next week.
i think so
on ej i was hoping to sell higher around 139.07 but didn't get there
on eusd if 88 don't hold then i see 79-74 is next
next week 3657 for a possible sell from what i see
better be not enough salt than too much salt
  • #15,252
  • Jul 4, 2014 7:58am Jul 4, 2014 7:58am
Quoting bzzz
{quote} i think so on ej i was hoping to sell higher around 139.07 but didn't get there on eusd if 88 don't hold then i see 79-74 is next next week 3657 for a possible sell from what i see
if bulls are not enogh strong otherwise will look at 3718
better be not enough salt than too much salt
  • #15,253
  • Jul 4, 2014 8:29am Jul 4, 2014 8:29am
Quoting infinitus
{quote} take an additional one short @ 3644 TP @ 3626
Quoting infinitus
took a short @ 36395 SL behind 3642 now
Quoting infinitus
{quote} {quote} That were not the best trades LOL I do carry them, but am underwater with them around 2%. Do not like that. I thought I would get a chance towards 3611 and 3626, but they ignited it. Am not sure if we test the 3714-3724 area. Normally I would tend to take a good short here around 3695 area, but momentum was very strong today, so I think there is some fuel left- We will see. I am waiting.......

I close the shop for the weekend for this two positions

covered both @ 3589 for + 55 and +51

for +2.1%


I will let my long term short position run anyway
  • #15,254
  • Edited 9:41am Jul 4, 2014 8:39am | Edited 9:41am
Quoting bzzz
{quote} i think so on ej i was hoping to sell higher around 139.07 but didn't get there on eusd if 88 don't hold then i see 79-74 is next next week 3657 for a possible sell from what i see
I have same sell zone.

Nicely done Infinitus.

Well gchf short worked nicely sold of 9 pips (pic up). Took 5 pips of it. GA still lingers, should hit TP.

EDIT: Yup GA hit tp too Should have went bigger lot on there, those patterns usually work out very well, there were few of them last week.

Anyways here are two of my favourite patterns that i trade regularly, second one especially. I call it double hill pattern, it has very high winning percentage. Managed to bring 600 bucks account to 16k on fxtester trading only that. Its not hard to spot it important is to keep it defined well with demand tests, as soon as demand is tested on second high, tests of supply start to count, so on low structures with weak highs its important to keep clear view when demand was tested so that one does not trade shorts after supply has already given down kick, to avoid that best to stick to clean structures.


channel with strong intention of sup-dem
http://prntscr.com/3zc08o
http://prntscr.com/3zc21k
http://prntscr.com/3zc2yq
http://prntscr.com/3zc3xl

double hill
http://prntscr.com/3zc58o
http://prntscr.com/3zc62h
http://prntscr.com/3zc6ov
http://prntscr.com/3zc7w2
  • #15,255
  • Jul 4, 2014 12:15pm Jul 4, 2014 12:15pm
Quoting infinitus
{quote} {quote} {quote} I close the shop for the weekend for this two positions covered both @ 3589 for + 55 and +51 for +2.1% I will let my long term short position run anyway
And you did right Ländsmänn

Take the money whereever you can.

Enjoy the weekend!!!
  • #15,256
  • Jul 4, 2014 1:29pm Jul 4, 2014 1:29pm
Quoting janpec1000
{quote} I have same sell zone. Nicely done Infinitus. Well gchf short worked nicely sold of 9 pips (pic up). Took 5 pips of it. GA still lingers, should hit TP. EDIT: Yup GA hit tp too Should have went bigger lot on there, those patterns usually work out very well, there were few of them last week. Anyways here are two of my favourite patterns that i trade regularly, second one especially. I call it double hill pattern, it has very high winning percentage. Managed to bring 600 bucks account to 16k on fxtester trading only that. Its not hard to...

Thank you for the nice charts and sharing of strategy
  • #15,257
  • Jul 4, 2014 1:30pm Jul 4, 2014 1:30pm
Quoting CandleStar
{quote} And you did right Ländsmänn Take the money whereever you can. Enjoy the weekend!!!
Hi Candlestar,

hope you will enjoy the weekend, too.

Already celebrating?
  • #15,258
  • Jul 4, 2014 1:44pm Jul 4, 2014 1:44pm
... & I try the weekly 1-6 gamble in these months.
(The red 1 could also be placed to the right of the black 6. The upper 2nd deviation of Bollinger Band should be decisive 1.3840 (1st dev.) seems one possbile variation).
Bon week-end!
FXcube

EURUSD, Weekly, 2014 July 07
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, Weekly, 2014 July 04.jpg Size: 150 KB
  • #15,259
  • Jul 4, 2014 3:37pm Jul 4, 2014 3:37pm
EU

1h TF

EW count

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Hourly_snapshot.png Size: 49 KB
  • #15,260
  • Jul 4, 2014 3:54pm Jul 4, 2014 3:54pm
Hi friends,


wish all of you a very nice and relaxing weekend
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