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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #17,821
  • Feb 26, 2015 2:26pm Feb 26, 2015 2:26pm
EG broke support as i mentioned few days ago. Was all there in PA. Pending was missed though on 7333.
  • #17,822
  • Feb 26, 2015 5:44pm Feb 26, 2015 5:44pm
http://www.zerohedge.com/sites/defau.../picture-5.jpg
Greenspan: "The Stock Market Is Great", But The Economy Feels Like In "The Late Stages Of The Great Depression"
  • #17,823
  • Feb 26, 2015 5:48pm Feb 26, 2015 5:48pm
http://www.zerohedge.com/sites/defau.../picture-5.jpg
Provocation? NATO Conducts Military Maneuvers 300 Yards From Russia's Border


what a bunch of idiots
  • #17,824
  • Feb 26, 2015 5:50pm Feb 26, 2015 5:50pm
Quoting janpec1000
EG broke support as i mentioned few days ago. Was all there in PA. Pending was missed though on 7333.

the count is about to get invalidated

do not know what I hate more:

the round about 2% I will have lost then, or that the count, which worked for a long time, gets invalidated
  • #17,825
  • Feb 26, 2015 5:51pm Feb 26, 2015 5:51pm
Quoting infinitus
{image} Provocation? NATO Conducts Military Maneuvers 300 Yards From Russia's Border what a bunch of idiots

That line bears repeating: "Nato exists to manage the risks created by its existence."
  • #17,826
  • Feb 26, 2015 5:59pm Feb 26, 2015 5:59pm
http://www.zerohedge.com/sites/defau.../picture-5.jpg
Do Not Show Jim Bullard This Chart!
  • #17,827
  • Feb 27, 2015 2:55am Feb 27, 2015 2:55am
Quoting infinitus
{quote} the count is about to get invalidated do not know what I hate more: the round about 2% I will have lost then, or that the count, which worked for a long time, gets invalidated
Ye the problem with that count since begining was that there was no technical bottom supporting it. And as it was falling there was no proper bottoming/rejection that i saw that could have turned it around. But as far as i understand with Eliot you dont want for bottoming becouse then you are late in entry already, not sure.
  • #17,828
  • Feb 27, 2015 5:37am Feb 27, 2015 5:37am
EU 2h TF

the movements over the course of the last weeks are a mess LOL

open to too much interpretations

one possibility is, that the sideways action was a triangle, and the recent move down is now the wave 5 thrust out of it.

For me it would be kind of surprise, since my gut tells me that we need more/much more ranging before we go more south.


I removed all the letters on my chart and measured some moves. Out came this:
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_2 Hours_snapshot.png Size: 54 KB
  • #17,829
  • Feb 27, 2015 5:48am Feb 27, 2015 5:48am
Quoting janpec1000
{quote} Ye the problem with that count since begining was that there was no technical bottom supporting it. And as it was falling there was no proper bottoming/rejection that i saw that could have turned it around. But as far as i understand with Eliot you dont want for bottoming becouse then you are late in entry already, not sure.

Hi Jan,

I am not a firm believer in the meme, that Elliott Waves have kind of "fixed" fib-relationships. They simply can hit many, some are getting hit more often than others.

So I think in zones.

The wave down since the 7592 high had some nice structures in order to think about bottoming process. The nice thing with EW is, that you know exactly, at which point your count gets invalidated, so you can match it with your money management.

Today's low was 7256/7, 7255 is the line in sand. So far we bounced nicely. But nevertheless I am elaborating on an alternative count in order to find entry points lower.

And yes: for initial positions I do rarely wait for confirmation
  • #17,830
  • Feb 27, 2015 5:51am Feb 27, 2015 5:51am
Quoting infinitus
EU 2h TF the movements over the course of the last weeks are a mess LOL open to too much interpretations one possibility is, that the sideways action was a triangle, and the recent move down is now the wave 5 thrust out of it. For me it would be kind of surprise, since my gut tells me that we need more/much more ranging before we go more south. I removed all the letters on my chart and measured some moves. Out came this: {image}

I meant this triangle

http://www.fxstreet.com/analysis/ell...er/2015/02/27/
  • #17,831
  • Feb 27, 2015 5:58am Feb 27, 2015 5:58am
Quoting infinitus
{quote} Hi Jan, I am not a firm believer in the meme, that Elliott Waves have kind of "fixed" fib-relationships. They simply can hit many, some are getting hit more often than others. So I think in zones. The wave down since the 7592 high had some nice structures in order to think about bottoming process. The nice thing with EW is, that you know exactly, at which point your count gets invalidated, so you can match it with your money management. Today's low was 7256/7, 7255 is the line in sand. So far we bounced nicely. But nevertheless I am elaborating...
Yep always good to know on point where you are wrong.
  • #17,832
  • Feb 27, 2015 6:59am Feb 27, 2015 6:59am
Quoting Forexcube
EURUSD, Long @ 1.1245 (1 Lot/10-K-Account) EURUSD, H1, 2015 February 26 {image}
#17'819

&

EURUSD, Short @ 1.1233, (1 Lot/10-K-Account)
  • #17,833
  • Feb 27, 2015 7:04am Feb 27, 2015 7:04am
Quoting Forexcube
EURUSD, Long @ 1.1245 (1 Lot/10-K-Account) EURUSD, H1, 2015 February 26 {image}
#17'819

Exit @ 1.1240, -5
Loss: -50.-$
  • #17,834
  • Feb 27, 2015 8:08am Feb 27, 2015 8:08am
Quoting selym_co
My expectation from EURUSD is to form a bottom at %23,6 ish zone of this tiny uptrend which started from 1,1097s and sailed up to 1,15s. And that "zone" is approximately the green circle in my screenshot where I expect the price to meet my Buy Limit orders and to form a circular double bottom and start its bullish trend....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 71 KB


Hi friends,

Trading on the upper timeframes lessen the frequency of participating the forum

Th price yesterday sailled down to the zone where I expected it to form a double circular bottom, honestly there was some more distance to go too like 50-60 pips more, but one of my pending BUY Limit orders is activated and I started to build up preperations for the upcoming Bullish trend which i have been waiting for a long time So for the following business days I expect the price to form the final bottom and maybe activate my other pending BUY Limit order by diving a little deeper.

On the other side EURJPY is kinda a confirmation for this scenario which really has settled in a nice bounce-up zone.

Tiem will show everything ... God bless us all ...

Regards...
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #17,835
  • Feb 27, 2015 8:47am Feb 27, 2015 8:47am
Quoting Forexcube
{quote} #17'819 & EURUSD, Short @ 1.1233, (1 Lot/10-K-Account)
#17'832

Exit @ 1.1190, +43
Profit: +430.-$
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M1, 2015 February 27.jpg Size: 109 KB
  • #17,836
  • Feb 27, 2015 9:09am Feb 27, 2015 9:09am
EURUSD, Short @ 1204 (1K/10-K-Account), Target @ 1.1125 (DS1)
  • #17,837
  • Feb 27, 2015 12:43pm Feb 27, 2015 12:43pm
Quoting Forexcube
EURUSD, Short @ 1204 (1K/10-K-Account), Target @ 1.1125 (DS1)
#17'836

Delete the target @ 1.1125
Exit @ 1.1198, +6
Profit: +60.-$
  • #17,838
  • Feb 27, 2015 12:43pm Feb 27, 2015 12:43pm
Bon week-end!
FXcube
  • #17,839
  • Feb 27, 2015 1:11pm Feb 27, 2015 1:11pm
Quoting Forexcube
Bon week-end! FXcube
EU: I am still in.
Long @ 11990, T/P @ 12120 - the last piece of profit for today.

Best
D.P.
Hunting High and Low
  • #17,840
  • Feb 27, 2015 1:18pm Feb 27, 2015 1:18pm
Quoting infinitus
{quote} Hi Jan, I am not a firm believer in the meme, that Elliott Waves have kind of "fixed" fib-relationships. They simply can hit many, some are getting hit more often than others. So I think in zones. The wave down since the 7592 high had some nice structures in order to think about bottoming process. The nice thing with EW is, that you know exactly, at which point your count gets invalidated, so you can match it with your money management. Today's low was 7256/7, 7255 is the line in sand. So far we bounced nicely. But nevertheless I am elaborating...

OK, main count got invalidated

have not closed the position yet, because I would cover my short position in support.

Have to work out my count analysis over the weekend in order to come to a conclusion as what to look for and expectancy.


In the following count you can see the 1-2-3-4 up, which I have alternatively labelled as ABC-X- and ABC (that is the pink 1-2-3

So we may face much deeper prices in the future

Either the pink 1-2-3, which is ABC has finished the upwards move, or this ABC was only a subset of a bigger ABC


Have to check out some fundamental as well as sentiment stuff over the weekend.

Historical chart by http://fxtop.com/en/historical-exchange-rates.php?MA=1

great source of historical charts
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.jpg Size: 381 KB
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