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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #17,041
  • Jan 9, 2015 12:05pm Jan 9, 2015 12:05pm
Quoting infinitus
20 minutes ago | January 9th, 2015 13:52:34 GMT. Goldman Sachs now forecasts EUR/USD parity by end-2016 {image}by Adam Button We wrote about a similar call from last year’s best FX forecasting major bank — ING — yesterday. The worry here is that the euro trade is already...
In the heart of the hibernian metropolis.
This means often the contrary.
FXcube
  • #17,042
  • Jan 9, 2015 12:41pm Jan 9, 2015 12:41pm
Quoting Lavanda
{quote} 18.44 is enough??? If we add the spread...

for me it looks like price is forming a small triangle now (wave 4), wave 5 may tale out the desired price
  • #17,043
  • Jan 9, 2015 12:43pm Jan 9, 2015 12:43pm
Quoting Forexcube
{quote} In the heart of the hibernian metropolis. This means often the contrary. FXcube

exactly


but I have witnessed: sometimes they mean and get what they say Bastards
  • #17,044
  • Jan 9, 2015 1:55pm Jan 9, 2015 1:55pm
Quoting infinitus
{quote} for me it looks like price is forming a small triangle now (wave 4), wave 5 may tale out the desired price
Done.
  • #17,045
  • Jan 9, 2015 4:22pm Jan 9, 2015 4:22pm
Quoting Rockerzeus
{quote} me

profit?
  • #17,046
  • Jan 9, 2015 4:38pm Jan 9, 2015 4:38pm
Quoting andexQ
{quote} I did {image} {quote}
  • #17,047
  • Jan 9, 2015 5:04pm Jan 9, 2015 5:04pm
http://www.zerohedge.com/sites/defau.../picture-5.jpg
Meet Janika Merilo: Ukraine's New Minister For Attracting Investment





so desperate?
  • #17,048
  • Jan 9, 2015 6:08pm Jan 9, 2015 6:08pm
Quoting infinitus
{quote} profit?

not to much, I was long before from 1.1828 so I closed that one with little profit. Micro lots micro profits and 1 yesterday from 1.1874 to 1.1895
  • #17,049
  • Jan 9, 2015 6:40pm Jan 9, 2015 6:40pm
Hi Guys! I saw you where talking about Murrey math, I'm trying to learn the Murrey math system, this require me to have a indicator that will correctly draws the lines. can anyone please guide me to where I could possibly find one? all the previous indicators I have managed to find online, seem to draw the lines wrong? as I understand it from the rules I have read about it, the lines should be drawn between the previous days high and low, is that correct?
Bulls are stupid Animals!especially when Im short!
  • #17,050
  • Jan 9, 2015 7:03pm Jan 9, 2015 7:03pm
Quoting roughtrader
Hi Guys! I saw you where talking about Murrey math, I'm trying to learn the Murrey math system, this require me to have a indicator that will correctly draws the lines. can anyone please guide me to where I could possibly find one? all the previous indicators I have managed to find online, seem to draw the lines wrong? as I understand it from the rules I have read about it, the lines should be drawn between the previous days high and low, is that correct?

Hi, check infinutus old thread
http://www.forexfactory.com/showthread.php?t=329948
he posted his murrey math indicator there and plenty of murrey math links
  • #17,051
  • Jan 9, 2015 10:48pm Jan 9, 2015 10:48pm
Quoting infinitus
{quote} exactly but I have witnessed: sometimes they mean and get what they say Bastards



Gentlemen of the press
...open-ended narrative, pastiche, parody, multiple view point, neologism....:nerd:
  • #17,052
  • Jan 10, 2015 1:41am Jan 10, 2015 1:41am
Quoting roughtrader
Hi Guys! I saw you where talking about Murrey math, I'm trying to learn the Murrey math system, this require me to have a indicator that will correctly draws the lines. can anyone please guide me to where I could possibly find one? all the previous indicators I have managed to find online, seem to draw the lines wrong? as I understand it from the rules I have read about it, the lines should be drawn between the previous days high and low, is that correct?

Hi Roughtrader,

here is the link to the MM indicator I do use: http://www.forexfactory.com/attachme...202012%2016:13


there are many MM indicators in the Web, but some do not calculate properly. This one is checked by a mathematician


Regarding your question:

no, the indicator looks for the high and low in the lookback period. Based on this values, the octave is drawn. Murrey advised to chose 8, 16, 32,or 64, but not more than 64.

The longer the lookback period, the more significant the trading lines of the octave are, but the less you will get tradeable signals. I have even experimented with 128 and 256 values.

Murrey advised to take that period, which would cover best a swing. So you would constantly need to switch the values. But this is out of my view not acceptable, when you do trade a multi timeframe approach.

In Forex I use the value of 32 (p=32) for the lookback period. In commodities I sometimes use a value of 16.

But 32 seems a very good compromise between good signals and the frequency of signals.

The 4h TF with Murrey Math seems to be the TF with the dominant signals for the day.


Read this also http://www.forexfactory.com/showthre...76#post4500676


Murrey math works best in sideways situations, and can be a pain in strong trends, when the octaves keep on jumping. Keep that in mind
  • #17,053
  • Jan 10, 2015 1:55am Jan 10, 2015 1:55am
Great article

http://ewminteractive.com/financial-...d-socionomics/
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  • #17,054
  • Jan 10, 2015 2:18am Jan 10, 2015 2:18am
Quoting Rockerzeus
{quote} Hi, check infinutus old thread http://www.forexfactory.com/showthread.php?t=329948 he posted his murrey math indicator there and plenty of murrey math links

Thank you - almost forgot this resource

Am I getting old?
  • #17,055
  • Jan 10, 2015 2:31am Jan 10, 2015 2:31am
EU COT Data
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  • #17,056
  • Jan 10, 2015 3:16am Jan 10, 2015 3:16am
EU 2h TF

The wave down from the 1969 peak on 01.06.2015 is a bit messy, because of overlapping structure.

I have labeled this peak as wave green 4

The idea of wave green 5 is an ending diagonal. Keep in mind: even in ending diagonals wave 3 can not be the shortest.

The shown count reflects out of my view the most probable scenario.

This morning a question came to mind. I was the question, if the wave green 4 may have already ended as very short wave 4 after the "retail" gap on 01.05.2015 with the failed try to close this gap (as you can see on my chart).

In this case we would take all the black numbers of the wave green 5 one swing more up, which would make Thursdays bottom the end of wave green 5.

This scenario would be from a fundamental view not bad, because next very huge news is the ECB press conference on 01.22.2015. Since market is anticipating QE, they may play the card for falling EURUSD. But since the amount of QE seems to be only half of what was expected (yesterday 500 billions were leaked), I expect only a test of the 1640 support shelf and then up.

Simply put: even when we do not know for sure, if Thursdays bottom was green 5, upside overall seems to be limited.

A break of 1897 is the sign, that Thursdays bottom was the end of green 5. In this case I do expect price to reach the 1970 level, or to even close the retail gap, meaning 2000 on the cards.


Further keep in mind:

the green 1 in pink 1 some Elliotticans have counted as the pink 1, making my pink 1 to pink 3. I had this count, too, for some time, but abandoned it because it does not have the right look and momentum distribution.

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  • #17,057
  • Jan 10, 2015 3:21am Jan 10, 2015 3:21am
Quoting infinitus
Great article http://ewminteractive.com/financial-...d-socionomics/ {image}
human behavior exists,but the principle doesn't.
  • #17,058
  • Jan 10, 2015 3:43am Jan 10, 2015 3:43am
http://www.dailyfx.com/technical_analysis/sentiment

Daily Sentiment Index

keep in mind: this one may be a few days old
  • #17,059
  • Jan 10, 2015 3:46am Jan 10, 2015 3:46am
this one shows a very bearish picture of EU

you can participate in the surveys on their homepage and get access to the sentiment data

http://www.animusx.de/
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  • #17,060
  • Jan 10, 2015 3:59am Jan 10, 2015 3:59am
I have now two Twitter lists, where you can easily follow Elliott Wave content

I will update them every here and then


https://twitter.com/singulorum/lists...wave-favoriten

this are my favorites



and this is a general list


https://twitter.com/singulorum/lists...t-wave-content



If I have forgotten someone, please tell me and I will update
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