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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #17,641
  • Feb 12, 2015 6:12am Feb 12, 2015 6:12am
Hmm testing bottom on AU today..
  • #17,642
  • Feb 12, 2015 6:25am Feb 12, 2015 6:25am
Quoting infinitus
I have taken a strategic long position in EURGBP @ 0.7415 SL just below of 0,7255 (invalidation line of my count) see on my blog (can not access charts at the moment) TP open (above 1.00)
I think EURGBP is ugly short atm...

Historical Data is for me a leading diagonal (see chart) - if this chart is right ???? or a expanding formation.

If this chart is right minimum retracement is 38.2% = 0.7339 from historical low to high may be we see a zigzag upwards.

If EUR/GBP is a Expanding Type it should go below channel @ 61.8% 0.5827

Schickeria
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  • #17,643
  • Feb 12, 2015 6:44am Feb 12, 2015 6:44am
Quoting Schickeria
{quote} I think EURGBP is ugly short atm... Historical Data is for me a leading diagonal (see chart) - if this chart is right ???? or a expanding formation. If this chart is right minimum retracement is 38.2% = 0.7339 from historical low to high may be we see a zigzag upwards. If EUR/GBP is a Expanding Type it should go below channel @ 61.8% 0.5827 Schickeria {image} {image} {image}
If you use fibo like this

Hot area are 0.73466 and historical 0.7339 = 38.2%.

On my view it will go lower wave 4 or Y.

Good luck for this

It's not my plan to add longs here....
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  • #17,644
  • Feb 12, 2015 6:46am Feb 12, 2015 6:46am
Quoting Schickeria
{quote} If you use fibo like this Hot area are 0.73466 and historical 0.7339 = 38.2%. On my view it will go lower wave 4 or Y. Good luck for this It's not my plan to add longs here.... {image}
EUR/GBP looks really bad ... why would someone want to add longs here?
Fix up, trade sharp ...
  • #17,645
  • Feb 12, 2015 6:57am Feb 12, 2015 6:57am
Quoting Hickson
{quote} EUR/GBP looks really bad ... why would someone want to add longs here?

another reason for me

Wave 2 is a triangle and a triangle is never ever a Wave 2 (to count 1-2)

200% target is better than 261.8% target
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  • #17,646
  • Feb 12, 2015 7:15am Feb 12, 2015 7:15am
Quoting Schickeria
{quote} If you use fibo like this Hot area are 0.73466 and historical 0.7339 = 38.2%. On my view it will go lower wave 4 or Y. Good luck for this It's not my plan to add longs here.... {image}

http://www.singulorum001.blogspot.de...%20long%20term

will only change my mind, when below of 7250
  • #17,647
  • Feb 12, 2015 7:16am Feb 12, 2015 7:16am
Quoting Hickson
{quote} EUR/GBP looks really bad ... why would someone want to add longs here?
Haven't that also said people, when EU was at 1.60 years ago or 1.39 last year?

Look at historical chart. It is diving into historical support........
  • #17,648
  • Edited 7:35am Feb 12, 2015 7:20am | Edited 7:35am
Quoting Hickson
{quote} EUR/GBP looks really bad ... why would someone want to add longs here?

and extremely good R:R when it pays out
  • #17,649
  • Feb 12, 2015 7:36am Feb 12, 2015 7:36am
Quoting infinitus
{quote} http://www.singulorum001.blogspot.de...%20long%20term will only change my mind, when below of 7250
Don't forget the GAP from Januar 1997 !!!!

I bet EURGBP do refill the lows @ 0.69235
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  • #17,650
  • Feb 12, 2015 8:24am Feb 12, 2015 8:24am
Quoting infinitus
{quote} and extremely good R:R when it pays out
Leading Diagonal is not correct on my view!

With old EW-Rules!
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  • #17,651
  • Feb 12, 2015 8:34am Feb 12, 2015 8:34am
Quoting infinitus
{quote} http://www.singulorum001.blogspot.de...%20long%20term will only change my mind, when below of 7250
I wish you luck and share my chart with levels. If you go back, has respected thus far...I understand your count and think EWI posted something similar. Perhaps I have broken some rules but I like fit.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #17,652
  • Feb 12, 2015 8:48am Feb 12, 2015 8:48am
Quoting Mr. Scott
{quote} I wish you luck and share my chart with levels. If you go back, has respected thus far...I understand your count and think EWI posted something similar. Perhaps I have broken some rules but I like fit. {image}
I think it's possible for a bounce (from Trendchennel to 0.7747 - 0.7805) to upper channnel (black). It would be nice to touch 100% = 0.73466 before to go long here not from channel bounce.

I would risk a view here but only if touch 0.73466 level.

On my view we are targeting @ 138.2% 0.66832 or 161.8% = 0.66660 Fibo clusterzone and lower Channel.

Anyway good luck with your longs.

Just my view.
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  • #17,653
  • Feb 12, 2015 9:07am Feb 12, 2015 9:07am
Quoting Schickeria
{quote} I think it's possible for a bounce (from Trendchennel to 0.7747 - 0.7805) to upper channnel (black). It would be nice to touch 100% = 0.73466 before to go long here not from channel bounce. I would risk a view here but only if touch 0.73466 level. On my view we are targeting @ 138.2% 0.66832 or 161.8% = 0.66660 Fibo clusterzone and lower Channel. Anyway good luck with your longs. Just my view. {image}
...
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  • #17,654
  • Feb 12, 2015 10:30am Feb 12, 2015 10:30am
GBPUSD, Short @ 1.5381 (1 Lot)
(The price has touched the Daily EMA50)
Weekly could go further up ~1.5422, extreme: 1.5586
  • #17,655
  • Feb 12, 2015 10:33am Feb 12, 2015 10:33am
EURUSD, Short @ 1.1395 (1 Lot)
1.1533 (last week's shooting star) shouldn't be broken.
  • #17,656
  • Feb 12, 2015 6:05pm Feb 12, 2015 6:05pm
Quoting Schickeria
{quote} Leading Diagonal is not correct on my view! With old EW-Rules! {image}
have never said, that the structure to the downside is a leading diagonal........

it is most likely a complex correction, since long term trend is up
  • #17,657
  • Feb 12, 2015 6:17pm Feb 12, 2015 6:17pm
Quoting Schickeria
{quote} Leading Diagonal is not correct on my view! With old EW-Rules! {image}

besides the fact, that I did not count the move down as leading diagonal (instead as complex correction) here are some facts out of EWP:


EWP states on page 88 under guidelines (note: a guideline is NO rule), that wave 2 and wave 4 each USUALLY retrace between 0.66 and 0.81 of the preceding wave

Also one can notice, that in older versions of the EWP, Prechter stated, that in a leading diagonal wave 1, 3 and 5 are impulses, but in the newer EWP's he says, that in a leading diagonal wave 1, 3 and 5 are USUALLY zigzags, but SOMETIMES appear to be impulses
  • #17,658
  • Feb 12, 2015 6:19pm Feb 12, 2015 6:19pm
Quoting infinitus
I have taken a strategic long position in EURGBP @ 0.7415 SL just below of 0,7255 (invalidation line of my count) see on my blog (can not access charts at the moment) TP open (above 1.00)

when I lose this bet, I will lose around 2%, when I win I will gain 20-30%

so why not?
  • #17,659
  • Feb 12, 2015 8:51pm Feb 12, 2015 8:51pm
Quoting infinitus
{quote} when I lose this bet, I will lose around 2%, when I win I will gain 20-30% so why not?

Good luck my friend,

I don't trade EUR/GBP however this chart below showing you have a good chance to win,
Its tell me EUR/GBP is bottoming on Weekly... not sure about your target though.

Don't forget to buy me a drink if you win

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  • #17,660
  • Feb 12, 2015 10:28pm Feb 12, 2015 10:28pm
Quoting infinitus
{quote} have never said, that the structure to the downside is a leading diagonal........ it is most likely a complex correction, since long term trend is up
It was only a check from my side if it's possible
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