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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #15,621
  • Jul 30, 2014 9:07am Jul 30, 2014 9:07am
Quoting vlady1974
{quote} Is that Dollar Yen or Yooro?

That's dollar yen. Took it out for 57 pips. Sat on this trade for 5 days. It is near a res level of 102.78. That level is good. This is the fourth test in recent time. I won't go short even though it looks like it is holding as there is too much risk due to a recent break of a well tested diagonal resistance line. It's in a tight band so to speak and I prefer it either break through the upper resistance or show more 'short' evidence.
  • #15,622
  • Jul 30, 2014 9:12am Jul 30, 2014 9:12am
The Aussie is also in play @ 0.933 sup. I noticed a few FF traders have gone long at about 0.934. It's a good buy, it's just above support. However, I am concerned, because the Aussie just broke another diagonal support line (3 in total on long term charts). One could make 25-30 pips before that prior sup is reached again, but when there is so much bear pressure I am hesitant to go long. I rather wait for more short confirmation or much more long evidence.
  • #15,623
  • Jul 30, 2014 9:33am Jul 30, 2014 9:33am
Mate.. not happy at all. Aussie broke through support as I expected, but I was doing some studying and missed it. Entered it late. Anyway, as long as it doesn't retrace too far back, I will make an ok profit. Target for me is 100 pips and I expect it to be hit in 1.5 weeks, if all goes well. I will monitor the position daily and every 4h.
  • #15,624
  • Jul 30, 2014 9:35am Jul 30, 2014 9:35am
Quoting EuroTrader37
The Aussie is also in play @ 0.933 sup. I noticed a few FF traders have gone long at about 0.934. It's a good buy, it's just above support. However, I am concerned, because the Aussie just broke another diagonal support line (3 in total on long term charts). One could make 25-30 pips before that prior sup is reached again, but when there is so much bear pressure I am hesitant to go long. I rather wait for more short confirmation or much more long evidence.
I can look at 9270 and 9200 .. as possible targets.
  • #15,625
  • Jul 30, 2014 9:39am Jul 30, 2014 9:39am
Quoting chess king
{quote} I can look at 9270 and 9200 .. as possible targets.

Absolutely! That sup 0.92 has been tested 4 times in recent times. It's an excellent target.
  • #15,626
  • Jul 30, 2014 9:41am Jul 30, 2014 9:41am
The American-Samurai is starting to look good. Any takers?
  • #15,627
  • Jul 30, 2014 9:45am Jul 30, 2014 9:45am
Quoting EuroTrader37
{quote} Absolutely! That sup 0.92 has been tested 4 times in recent times. It's an excellent target.
4h H&S ... and 50% of 889x.to95xx..
  • #15,628
  • Jul 30, 2014 9:50am Jul 30, 2014 9:50am
Quoting EuroTrader37
The Aussie is also in play @ 0.933 sup. I noticed a few FF traders have gone long at about 0.934. It's a good buy, it's just above support. However, I am concerned, because the Aussie just broke another diagonal support line (3 in total on long term charts). One could make 25-30 pips before that prior sup is reached again, but when there is so much bear pressure I am hesitant to go long. I rather wait for more short confirmation or much more long evidence.
Its not a good buy, check my target analysis to see where its going. Dont battle and try to buy this it will sank lower, todays FOMC will confirm.
  • #15,629
  • Jul 30, 2014 9:51am Jul 30, 2014 9:51am
Quoting chess king
{quote} 4h H&S ... and 50% of 889x.to95xx..

Mate, please explain what this means '50% of 889x.to95xx.'
  • #15,630
  • Jul 30, 2014 9:51am Jul 30, 2014 9:51am
Quoting janpec1000
{quote} Its not a good buy, check my target analysis to see where its going. Dont battle and try to buy this it will sank lower, todays FOMC will confirm.
Good call! I've been short for the last 15 min.

Can you link your target analysis?
  • #15,631
  • Jul 30, 2014 10:00am Jul 30, 2014 10:00am
Quoting EuroTrader37
{quote} Mate, please explain what this means '50% of 889x.to95xx.'
is half of the movement...round numbers (.8900...9500)
  • #15,632
  • Jul 30, 2014 10:02am Jul 30, 2014 10:02am
Quoting chess king
{quote} is half of the movement...round numbers (.8900...9500)
Good call.
  • #15,633
  • Jul 30, 2014 10:10am Jul 30, 2014 10:10am
EuroTrader37, target is aprox 400-500 pips down. First stop could be made at 0.925-ish area before droping more.

Dutch have taken on investigation of Malasyian airplane, country that has been playing USA sanction card the most over Russia lately.
http://online.wsj.com/articles/ukrai...els-1406030208

http://www.businessweek.com/articles...es-with-russia
http://nypost.com/2014/07/25/putins-...e-netherlands/
http://www.bloombergview.com/article...n-s-aggression
http://www.dutchnews.nl/news/archive...media_call.php

Full ofensive by all Dutch sectors against Russia i wonder what will airplane investigation conclude hm. Most likely they will hire same author for writting of report that did 9-11 report, J.R.R Tolkien resurected.
  • #15,634
  • Jul 30, 2014 10:55am Jul 30, 2014 10:55am
Quoting janpec1000
EuroTrader37, target is aprox 400-500 pips down. First stop could be made at 0.925-ish area before droping more. Dutch have taken on investigation of Malasyian airplane, country that has been playing USA sanction card the most over Russia lately. http://online.wsj.com/articles/ukrai...els-1406030208 http://www.businessweek.com/articles...es-with-russia http://nypost.com/2014/07/25/putins-...e-netherlands/...

Thanks mate.

What's your view on Yen? I think it's a strong buy, but strangely I want a 5 pip retracement before I go long, just a bit of security. I think I may, to my regret, miss this long trade.
  • #15,635
  • Jul 30, 2014 11:27am Jul 30, 2014 11:27am
EU EW counts

maybe one of this two

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  • #15,636
  • Jul 30, 2014 11:51am Jul 30, 2014 11:51am
Quoting infinitus
EU EW counts maybe one of this two {image} {image}

or maybe this from Horvat

http://www.fxstreet.com/analysis/ell...er/2014/07/30/
  • #15,637
  • Jul 30, 2014 11:56am Jul 30, 2014 11:56am
Quoting janpec1000
{quote} Its not a good buy, check my target analysis to see where its going. Dont battle and try to buy this it will sank lower, todays FOMC will confirm.



would rather look to sell the bounces. It looks to be in an accelerating impulsive movement to the downside. Right now have it as a C-wave down

In this C-wave down we are most likely in 1-2-(1-2-3

that means, we are in a 3 of 3

so when going long, be careful
  • #15,638
  • Jul 30, 2014 12:37pm Jul 30, 2014 12:37pm
I think i will sell gold ahead of FOMC maybe 10 min before it starts if i can get entry close to red line. If its more than 15 pips away entry wont be taken, tight SL above line. Expecting 50 pips drop just like on GDP data, as standard manipulation move.

EuroTrader37 Ye like i said above few hours ago XJPY is buy. JPY is weak which you can see if you check AJ and then on other side UJ EJ GJ, when JPY is weak AJ usually consolidates and the rest JPY pairs rally which is exactly whats happening now. However AJ is also set for break higher, AUD is also weak but looks like JPY is even weaker.

Just one tip maybe for future, when you say if Yen is a buy i think you meant XJPY by that, its rather confusing if you say Yen becouse that means then oposite from what it should be . Just saying its confusing for those who read your post.
  • #15,639
  • Jul 30, 2014 12:44pm Jul 30, 2014 12:44pm
EU volume profiles
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  • #15,640
  • Jul 30, 2014 1:09pm Jul 30, 2014 1:09pm
Tarpley was right two years ago, Obama did put EU into a puppet against Russia. I wonder why this man is still walking on Earth, usually that deep concpirancy theorist with ahead warnings disappear, those are most dangerous to regime as they can warn ahead.
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Holding Gold short for target 1291 set BE SL. They didnt manipulate this time as FOMC was a little bearish, but down target is still in play.
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