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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #16,301
  • Oct 5, 2014 2:03pm Oct 5, 2014 2:03pm
Interesting link:

http://twoicefloes.com/
  • #16,302
  • Oct 5, 2014 2:06pm Oct 5, 2014 2:06pm
Quoting infinitus
Interesting link: http://twoicefloes.com/

...cognitive psychology.
"The one who is Mindful embraces self-education, self-employment, self-reliance, and self-governance and he rejects those who would seek authority over him".
FXcube
  • #16,303
  • Oct 5, 2014 3:28pm Oct 5, 2014 3:28pm
http://www.zerohedge.com/sites/defau.../picture-5.jpg
"Tea-Tray" Index Suggests The Next Financial Apocalypse Is Imminent
  • #16,304
  • Edited Oct 6, 2014 4:56am Oct 5, 2014 9:06pm | Edited Oct 6, 2014 4:56am
Trading plan:

Short at 1,2570
B plan: short at 1,2650
Targets 1,25 and 1,2450
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Bavarian Trading FX
  • #16,305
  • Oct 5, 2014 9:47pm Oct 5, 2014 9:47pm
Quoting janpec1000
Next week charts: http://prntscr.com/4sx8io http://prntscr.com/4sx8xw http://prntscr.com/4sx94o http://prntscr.com/4sx9g0 http://prntscr.com/4sxans http://prntscr.com/4sxbcc http://prntscr.com/4sxbrh http://prntscr.com/4sxc9z http://prntscr.com/4sxchk Some trading in fxtester during weekend, made several sessions of 50-200% acc increase. Principle is using same strategy i am using for trading markets live, but with addition on focusing entries after...
GREAT charts.. Very clear directions.. Thk you
  • #16,306
  • Oct 5, 2014 9:53pm Oct 5, 2014 9:53pm
Quoting infinitus
Guest Post - The Majesty of Mindfulness
Great stuff Thank You.. printed and posted on my wall.and sent to my kids..
  • #16,307
  • Oct 5, 2014 10:57pm Oct 5, 2014 10:57pm
Fasten your seat bells, please!!!

http://www.zerohedge.com/sites/defau.../picture-5.jpg
TEPCO Prepares Countermeasures As Typhoon Tidal Waves Approach Fukushima


  • #16,308
  • Oct 5, 2014 11:07pm Oct 5, 2014 11:07pm
http://www.zerohedge.com/sites/defau.../picture-5.jpg
The US Dollar Is About To Inflict Carnage All Around The Planet

snipset (but read the whole article)

For the US, it’s now shooting fish in a barrel – but just for now. The three-pronged plan the Fed has started to execute is plain for everyone to see:
1) Stop QE. This hauls back in to the US dollars from around the planet, from a million parties that owe debt denominated in USD. Already happening at a frantic pace, though no-one involved would advertize it.

2) Raise the value of the greenback. This makes it that more expensive for all parties under 1) to pay off their debts. They have to offer ever more just to stand still. And when they can’t, assets will be confiscated.

3) Raise interest rates. The final blow. It will make life much harder on the US government too, but they’ll have trillions of dollars flowing in to cope with that. It’ll put millions of Americans into the equivalent of medieval torture instruments, and out of their homes and cars and jobs, but that too will be initially softened by the dollars coming home to papa. Crucial take home: they’ve given up on the US real economy, likely a long time ago.
And it will have the rest of the world begging for mercy. In that regard, it’s funny to see Britain planning to raise its rates too. Do be careful what you wish for there, lads.
The full taper of QE means everyone needs dollars, and most who do are leveraged to the hilt, while the combination of higher interest rates and higher dollar value means the buck will come much more expensive.
  • #16,309
  • Oct 6, 2014 3:57am Oct 6, 2014 3:57am
Quoting infinitus
{image} The US Dollar Is About To Inflict Carnage All Around The Planet snipset (but read the whole article) For the US, it’s now shooting fish in a barrel – but just for now. The three-pronged plan the Fed has started to execute is plain for everyone to see: 1) Stop QE. This hauls back in to the US dollars from around the planet, from a million parties that owe debt denominated in USD. Already happening at a frantic pace, though no-one involved...
Thats exactly how i see it. Raising interest rates sure it will be impact on increased interest on debt have impact on loans, but with reserve currency, the currency war that is derivated from this measure is so much more powerful that other smaller macroeconomic conditions dont matter. Additionally article didnt mention what blow will raising of interest rates have on all BRICKs contries, thats even more important. It will create massive outflows from those countries making dollar even more stronger. Dollar should increase its value 20% at least towards other fiat on interest rate hikes within year or two.
As for stop of QE i dont think it will actually happen, but it could be limited due to capital inflow and other side effects of interest rate hike.
  • #16,310
  • Edited 6:21am Oct 6, 2014 4:00am | Edited 6:21am
Quoting janpec1000
Next week charts: http://prntscr.com/4sx8io http://prntscr.com/4sx8xw http://prntscr.com/4sx94o http://prntscr.com/4sx9g0 http://prntscr.com/4sxans http://prntscr.com/4sxbcc http://prntscr.com/4sxbrh http://prntscr.com/4sxc9z http://prntscr.com/4sxchk Some trading in fxtester during weekend, made several sessions of 50-200% acc increase. Principle is using same strategy i am using for trading markets live, but with addition on focusing entries after...
Over 150 pips worth of calls completed. Took 34 pips of it GU short+ AU long.

Bitcoin. I am still holding, dont have enough at moment to be additionally buying, but if supply is breached there could be some short term buying chance.
http://prntscr.com/4tiyv3

New charts:
http://prntscr.com/4tizhq
http://prntscr.com/4tizwp
http://prntscr.com/4tj08w
http://prntscr.com/4tj0hb
http://prntscr.com/4tj0pi
http://prntscr.com/4tj11w

EDIT:
EU add:
http://prntscr.com/4tjpep
  • #16,311
  • Oct 6, 2014 6:18am Oct 6, 2014 6:18am
USD


Quoting andexQ
{quote} Not yet, wait for climatic action.
I think we got some kind of climatic action if PA back down to 86.00 level... confirmation is if it re-enter 85.60 to 86.00 area.
atm. 86.50
  • #16,312
  • Oct 6, 2014 9:01am Oct 6, 2014 9:01am
Volume distributions for EU
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  • #16,313
  • Oct 6, 2014 10:21am Oct 6, 2014 10:21am
http://www.zerohedge.com/sites/defau.../picture-5.jpg
ISIS, Obama, And Why Everbody Loves The Drone War

“Right now we have the executive branch making a claim that it has the right to kill anyone, anywhere on Earth, at any time, for secret reasons based on secret evidence, in a secret process undertaken by unidentified officials. That frightens me.”
  • #16,314
  • Oct 6, 2014 10:27am Oct 6, 2014 10:27am
Hi,
INR is convertible partially only since the mid 90's. May be it could induce errors in LT EW count.
Don't be smart. Be rich.
  • #16,315
  • Oct 6, 2014 12:05pm Oct 6, 2014 12:05pm
Quoting infinitus
I was stopped out of my net long position ( I told about the last days) at BE With break under the last low at 2571 I went net short again (as I told here before) Have closed this position now @ 2514 for a gain of 55 pips Have opend a long position @ 2512 with SL below 2440

Covered the long position @ 2600 for +88 pips

waiting now

rationale was: round number resistance and no-business-zone

may reject here
  • #16,316
  • Oct 6, 2014 12:14pm Oct 6, 2014 12:14pm
FF trade explorer

one of the best conta-indicators

as soon as the majority went short, the price was ripe for reversal


the shorts have now given back nearly all of their gains they got over the last many weeks - same old same old


the FF trade explorers as contra-indicator do work much better than the statistics of the brokers - has FF the dumber/novice traders?
Attached Image
  • #16,317
  • Oct 6, 2014 12:18pm Oct 6, 2014 12:18pm
Quoting infinitus
{quote} Covered the long position @ 2600 for +88 pips waiting now rationale was: round number resistance and no-business-zone may reject here

will reload deeper
  • #16,318
  • Oct 6, 2014 12:52pm Oct 6, 2014 12:52pm
Quoting infinitus
{quote} Covered the long position @ 2600 for +88 pips waiting now rationale was: round number resistance and no-business-zone may reject here


it's going higher
  • #16,319
  • Oct 6, 2014 2:28pm Oct 6, 2014 2:28pm
Quoting infinitus
FF trade explorer one of the best conta-indicators as soon as the majority went short, the price was ripe for reversal the shorts have now given back nearly all of their gains they got over the last many weeks - same old same old the FF trade explorers as contra-indicator do work much better than the statistics of the brokers - has FF the dumber/novice traders? {image}
Brokers SSI works the same (even very quallity SSI data from few website services that provide it), there is no difference their data reported works the same as FF in terms of position switching. But yeh it seems decent one to follow, when general positions are switched from long term long into short its usually sign of price reversal of down trend. As for being dumb, i wouldnt say there are dumb people trading, trading is such hard thing to master that anyone who is failing shouldnt be blamed too much as most people dont go deep enough to find the light
What we have now is very strong dollar pullback and solid EU rally, but mind important thing that EU has not yet turned bull neither has dollar turned bear. There is still 50 pips at least towards first zones to determine.

Btw please keep us updated on FF SSI, especially if there is some big spike, would be good info to have.
  • #16,320
  • Oct 6, 2014 2:43pm Oct 6, 2014 2:43pm
Quoting Schickeria
{quote} it's going higher
it looked promising around 2600for a good retracement, but shit happens and I had to go to my training
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