The Club!

US dollar should go lower in near future:
http://prntscr.com/4y8ttu

Damn, ECB bond buying messed up markets. Well view still stands in place however dollar shorts are off table now , i am only scalping short term.

maybe red 4 finished, maybe not

we will see soon


watch the channels

Haha one thing i just realized after watching few interviews on few good economic report sites, i noticed how almost all participants call Russians, THE Russians. You know its Chinese, Americans, Europeans, and then there is THE Russians. Haha funny really.

Good observation from THE "Clubber"

http://www.zerohedge.com/news/2014-1...d-side-lead-45

Looks like leaning towards Ja. In any case its too much of Scottish referendumish. Too close to trade.

http://www.zerohedge.com/sites/defau.../picture-5.jpg
The Most 'Distrusted' News Sources In America


Now you know why I mainly read Zerohedge, RT and Al-Jazeera

Interesting that Glenn Beck has bigger distrust than most other programs i find Glenn Becks much more objective and deep going than Fox or Cnn. Though i am basing this on only few things i saw.

http://www.zerohedge.com/news/2014-1...-backfire-them

Again good question, how low can they push price. I still have target of 80 as first target and its very close to it, but can they go lower which will result in pressure of Oil industries all over the world not just Russia. Hm. Hard one, best to just stick with trend, and if there is trend change shorts are off the table, until then...sticking to plan.

http://www.zerohedge.com/news/2014-1...starts-1-chart

This is what happens if you do QE (especially open cash ended) without reserve currency. Lets see how much of this scenario will ECB copy next year.

Fellow Clubbers i look forward when some of you will be surprised into formation of new reserve currency.
http://www.zerohedge.com/news/2014-1...lides-below-81
http://www.zerohedge.com/news/2014-1...d-15-year-high

Those are historical events. Oki doki. Nepalm. Hm. Does it work?

My Crude target is about to be reached, but , demand target of gold is about to explode. Pandoras box unleashed.

http://www.zerohedge.com/sites/defau.../picture-5.jpg
It’s Not Just Spying – How The NSA Has Turned Into A Giant Profit Center For Corrupt Insiders

EU

1h TF

maybe this

note: maybe the last 1-2-3 with 4 and 5 to come

are in the end ABC (which would make the whole formation to WXY


note: look to the left and notice the support around the 2630-2640 area

Now it starts to get interesting

Not really, its rather boring, same direction as last few months, down

the sell at 2840. was correct ...

I like your chart..

it seems that the risk to longs remains 2500...target 3000 or more?

really good article guys, regards

http://news.yahoo.com/mario-draghis-...150728207.html

http://www.nytimes.com/2014/10/25/sc...cord.html?_r=0

Parachutist’s Record Fall: Over 25 Miles in 15 Minutes
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Hi Chess King,

I have two scenarios:

down from the top at 399x

A) we are down in an impulse; now we are in a wave 4 up of the wave 3 down

B) we are down in an impulse; now we are in the wave 4 up of this impulse


The point of recognitions seems to be the area between roughly 3150 to 2920

Severe wave 4 area of lower degrees are between 2860 and 2996


Both of this outlined areas are prone to a retest with a wave 4

Additionally I have a very high volume zone around 3095 +/- 8 pips. This POC's are also prone for retesting/challenging


If we are in scenario A), the time consumed now in the wave 4 is already high

The more time we do consume here with ranging now, the more we get the case for scenario B)


So for the sake of doubt let us assume that we are already in scenario B:

a wave 4 most of the time retraces between 38,2 and 50% of wave 3

38.2% would be 2785
50% would be 3104


So far, the move down from the 2887 top looks corrective, because the initial drop to 2706 seems to be clearly corrective

So when the top at 2887 was the end of a wave 4, and we are now in a wave 5 down, this wave 5 seems then to develop as ending diagonal (all moves then ABC's)

But when the top at 2887 is only the wave A or W, we are now down in wave B or X. In this case we may have seen the bottom already, but there are signs, that one last push down in the 2548area is also possible. After that up again.

We also should keep in mind, that a wave 4 can also develop as triangle. In this case we can kiss goodbye to the higher levels. In this case we will range here for many weeks to come. I would like that, because it would be relatively easy money.

HI INFINITUS
Thank you for your time and explanation ...

D..chart.
my main levels..

Hi, I'm back from a trip, the euro keep falling as break the key support at 1,2750. Now at 1,2599 it's in near the key support @ 1,2626. Fed yesterday confirmed the end of QE, which means less dollars in the market so it's very bullish for the USD and very bearish for EUR, plus ECB easing for a long time. So, fundamentals are very bearish and the the average forecast from analyst's for 3Q15 is 1,2250 and for 4Q14 is 1,2590. The euro has a weekly pivot point @ 1,2704 and now the price is looking for the support 1 (S1) @ 1,2576 and support 2 @ 1,2477. Above 1,2704 should look for 1,2797 (R1) and 1,2933 (R2). Analyst consensus says that the euro is a sell on any rebound until we have a confirmed change trend signal. Also we have a "head-shoulder" pattern with a neckline @ 1,2626, if broke that level will look for the target @ 1,2368 but before should face the key support at 1,2500, which is a rebound level.