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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #16,541
  • Dec 5, 2014 3:39pm Dec 5, 2014 3:39pm
Quoting Lavanda
{quote} ¿how do you see the EU now? ¿are you keeping longs? I just see it has come back to touch the ending diagonal?


Hi Lavanda,

sorry for answering late.

When a position like my long position yesterday is in huge profit (it was at the top over 100 pips), you normally do not allow it to enter drawdown. Either you set a SL to BE or set a profit stop like BE+20 or so.

Never ever let a position go in drawdown, when it was in such huge profit in short time.


Since I was not at my trading desk today, I was not able to report anything. I was stopped out @ 2345

This morning I thought, that we would see a retracement to the upper side first into the 2400 region, which did not happen


-
If we break the current support shelf around 2280-2270, we may go easily down to around 2134 area, which is both good fib target as well as support area


Have to reassess the situation now or over weekend


Regarding the ending diagonal:

maybe the diagonal simply gets a bit more complex. All we know is, that the movements are very overlapping, and that is normally a sign of end of trend


Catch you later
  • #16,542
  • Dec 5, 2014 4:04pm Dec 5, 2014 4:04pm
[quote=infinitus;7924822]{quote} Hi Lavanda, sorry for answering late.

I supossed you had put a stop loss at BE. Lately I do not ge a position on EU and I work other pairs. I was afraid about get a position at Draghi's Speech.
As I have said before It's in a place where I do not like to short or to long. It's close to one big support, so maybe it's better to wait.
I must say that you have a nervous of steel. I can't have an open order before one Speech. You must be very self confidence.
Happy weekend.
  • #16,543
  • Dec 5, 2014 4:12pm Dec 5, 2014 4:12pm
[quote=Lavanda;7924843]
Quoting infinitus
{quote} Hi Lavanda, sorry for answering late. I supossed you had put a stop loss at BE. Lately I do not ge a position on EU and I work other pairs. I was afraid about get a position at Draghi's Speech. As I have said before It's in a place where I do not like to short or to long. It's close to one big support, so maybe it's better to wait. I must say that you have a nervous of steel. I can't have an open order before one Speech. You must be very self confidence. Happy weekend.

Nerves of steel come with low leverage.......

Nerves of steel also come with gains made previously :-)
  • #16,544
  • Dec 5, 2014 4:25pm Dec 5, 2014 4:25pm
EURUSD Hints Before The Nonfarm Payrolls December 5, 2014 under Forex.

Read more at: http://ewminteractive.com/articles/currencies/ | EWM Interactive
  • #16,545
  • Dec 5, 2014 5:15pm Dec 5, 2014 5:15pm
Quoting infinitus
EURUSD Hints Before The Nonfarm Payrolls December 5, 2014 under Forex. Read more at: http://ewminteractive.com/articles/currencies/ | EWM Interactive
Very good article. As you mentioned before,we are in a wedge, and it's not easy to get a decision. I agree that the area from 2270 to 2240 is the key.
  • #16,546
  • Dec 6, 2014 12:52am Dec 6, 2014 12:52am
Quoting infinitus
{image} Video Of The Day – This Is What Happens When You Call The Cops I surly have seen some "things" in Germany and the rest of the world but this from the land of the exceptional people....... Americans, wake up.....
you do not understand, buddy, - it is democracy in action.

Best,
D.P.
Hunting High and Low
  • #16,547
  • Dec 6, 2014 1:01am Dec 6, 2014 1:01am
Quoting Lavanda
Quoting Dr.Phoenix
{quote} May I answer to your question? At first, it is too early for longs, as the bear market is always more agressive than that of bull's. Second, I am awaiting a reverse back to 2350 (it is based on the volume analysis above). It can happen on Monday - Wednesday next week. Third, I am still thinking that we are going lower down to 2200 - 2210 area then. Thanks, cause your answer. I had never use the volume analysis. I suposse that the bias can come back were there has been litlle volume. I wil chek it.THe problem
...
keep you eyes open.

it is empirecally found that, mostly, if the price goes down on friday evening, it retraces back on monday. the question is - what levels can be tested at that?

Best,
D.P.
Hunting High and Low
  • #16,548
  • Dec 6, 2014 1:11am Dec 6, 2014 1:11am
Quoting infinitus
{quote}Never ever let a position go in drawdown, when it was in such huge profit in short time.
Fully agreed. You should use B/E at least.

Quoting infinitus
{quote}If we break the current support shelf around 2280-2270, we may go easily down to around 2134 area, which is both good fib target as well as support area
Agreed as well.

Quoting infinitus
{quote}Have to reassess the situation now or over weekend Regarding the ending diagonal: maybe the diagonal simply gets a bit more complex.
awaiting to see.

Quoting infinitus
{quote}that is normally a sign of end of trend Catch you later
Yes, if we are not surprised next week.

Best,
D.P.
Hunting High and Low
  • #16,549
  • Dec 6, 2014 1:17am Dec 6, 2014 1:17am
[quote=Lavanda;7924819]
Quoting Dr.Phoenix
{quote}Maybe the 2350 as you have mentioned
I am awaiting for the retrace to the 2350 level at least, basing on my vision of the pair (volume included), but the retrace might be even higher up to the 2375 level. But this is less probable.

Best, D.P.
Hunting High and Low
  • #16,550
  • Dec 6, 2014 1:20am Dec 6, 2014 1:20am
Quoting infinitus
EURUSD Hints Before The Nonfarm Payrolls December 5, 2014 under Forex. Read more at: http://ewminteractive.com/articles/currencies/ | EWM Interactive
I like this one as well.

Best,
D.P.
Hunting High and Low
  • #16,551
  • Dec 6, 2014 4:11am Dec 6, 2014 4:11am
[quote=infinitus;7924853]
Quoting Lavanda
{quote} Nerves of steel come with low leverage....... Nerves of steel also come with gains made previously :-)
Well said, positions that you are confortable with are the key. Btw what the hell is going on with new quoting system on FF, its completly messed up.
  • #16,552
  • Dec 6, 2014 8:33am Dec 6, 2014 8:33am
Reconsideration
EURUSD could develop a gap more downside over the week-end.
I expect more downside movements before changing its direction
and in reflection of pound sterling, GBPUSD shouldn't reached its minima analogon.
Let's see next week!
I wish all of you a nice week-end!
FXcube
  • #16,553
  • Dec 6, 2014 9:07am Dec 6, 2014 9:07am
Quoting Dr.Phoenix
{quote} I like this one as well. Best, D.P.
It's in Spanish. You go to Indicadores (tools)
http://www.earnforex.com/es/indicado...WRB-Hidden-Gap

I have attached the file. We will speak about it because there are things as you can see that I do not understand.

The rombus inside the candles mean there are hidden buying or selling inside that candle. Blue areas are the hidden gaps. I do not understand when the areas are green-yellow.
Attached File(s)
File Type: mq4 WRB-Hidden-Gap.mq4   11 KB | 536 downloads
  • #16,554
  • Edited 10:00am Dec 6, 2014 9:14am | Edited 10:00am
Quoting Lavanda
{quote} It's in Spanish. You go to Indicadores (tools) http://www.earnforex.com/es/indicado...WRB-Hidden-Gap I have attached the file. We will speak about it because there are things as you can see that I do not understand. {file}
I am impressed, as some time ago I initiated a thread in the FF programming forum and have not had any answers yet.

Of course I will look at it closely

EDITED. Yes. It could be helpful if used properly.

EDITED 2. This indicator give us the places where there was supply/demand shift. These areas are the price levels where market has to be the second time at least. The matter is that the price should work out those levels in order to accumulate volumes before it will have gone from these areas.

Best,
D.P.
Hunting High and Low
  • #16,555
  • Dec 6, 2014 10:36am Dec 6, 2014 10:36am
http://rt.com/usa/211527-representat...ia-aggression/

Okay. So it begins. Cold war 2 officially started.
  • #16,556
  • Dec 6, 2014 11:07am Dec 6, 2014 11:07am
Quoting Dr.Phoenix
{quote} I am impressed, as some time ago I initiated a thread in the FF programming forum and have not had any answers yet. Of course I will look at it closely EDITED. Yes. It could be helpful if used properly. EDITED 2. This indicator give us the places where there was supply/demand shift. These areas are the price levels where market has to be the second time at least. The matter is that the price should work out those levels in order to accumulate volumes before it will have gone from these areas. Best, D.P.
I am looking the hour time frame

I will chek this indicator from now on. Regarding GU. Do you remember you had told me before that there was a hidden GAP at 5650-56.80?? And you hadn't got the indicator!!!!!!. A big clap for you. 1) I understand that the market should come back to this levels to fill the buying activity ( at this time). Isn' it? We'll see following days what's happening with this GAP.
We would check from on if there is one hidden gap not filled, the reason about it.

2)About the EU, I realize that there are two hidden GAPS. The first GAP is easy to get. But, What about the one at 2380-2420 ? Your plan was to short at 23.50. it can go higuer? Or is that the place were market change and it won't come back the following days???
  • #16,557
  • Dec 6, 2014 11:47am Dec 6, 2014 11:47am
Quoting Lavanda
{quote} I am looking the hour time frame I will chek this indicator from now on. Regarding GU. Do you remember you had told me before that there was a hidden GAP at 5650-56.80?? And you hadn't got the indicator!!!!!!. A big clap for you. 1) I understand that the market should come back to this levels to fill the buying activity ( at this time). Isn' it? We'll see following days what's happening with this GAP. We would check from on if there is one hidden gap not filled, the reason about it. 2)About the EU, I realize that there are two hidden GAPS....
Dear, Lavanda,

1/ First, Your wishes to be out of market with no loss is undestandable. But you should get that Forex is not a place where you can be relaxed and you should undestand that if you can not get out of the market with no loss, you have to take the loss in order not to have much loss in the future.

2/ I have been saying the market is recurrent, so it is coming back almost always while it is operating. The key question is WHEN - WHEN will the market come back in order for us to close our losing positions? It can be next day, next week, next month. But any supply/demand shifts need being worked out (being closed).

3/ As to GU GAPs, I can say the following, Yes, they need to be closed both. But nobody can guarantee that it happens as fast as you want to. That is why I can not be sure for 100% that we are about to close the GAPs you are interested in next week, for example. It can be or can not be... It depends on how Monday opens. For example, a honourable member FXCube thinks that there is an additional GAP down. Answer me, do we close the upper gaps that way? Obviously, no, we do not.

4/ As to "My plan", actually I am not planning to short from 2350 (it can be even higher or lower ), I was talking about it since I had analysed the market with the information we had. Of course we need seeing the market behaviour on Monday morning.

Just one advice, if you like - DO NOT HOPE !! THERE IS NO HOPE IN MARKETS.

Best wishes,
D.P.
Hunting High and Low
  • #16,558
  • Dec 6, 2014 8:15pm Dec 6, 2014 8:15pm
My new home


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  • #16,559
  • Dec 6, 2014 8:38pm Dec 6, 2014 8:38pm
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  • #16,560
  • Dec 7, 2014 2:55am Dec 7, 2014 2:55am
Quoting infinitus
My new home {image}
Do you mean the place of your job?

D.P.
Hunting High and Low
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