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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #18,041
  • Mar 10, 2015 12:41pm Mar 10, 2015 12:41pm
Quoting ffleo
{quote} that is 1.618 extension for DXY. It is also 1.618 projection (CD) from last up swing AB. The dow Jones dollar is at 100% projection of last up swing. coincidentally UJ got rejected for breaking last high of December 2014 {image} {image}
I like that view. Playing similar, but more short term.
  • #18,042
  • Mar 10, 2015 12:50pm Mar 10, 2015 12:50pm
Quoting infinitus
time to go long {image}
probably

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #18,043
  • Mar 10, 2015 4:43pm Mar 10, 2015 4:43pm
Sentiment Index

5% EU bulls

95% USDCHF bulls

97% UDX bulls


LOL

Think I have not seen that before

Are there any USD bears left?


Gold 10% bulls

Platinum 9% bulls

maybe we will see at least a small rally in the metals


In Gold I can count 5 waves down from the 1307 high. This is either no 5 waves down but a B-wave of an ABC-flat, or it is the beginning of subwave 3 of wave 5 down, which will bring us sub 1000
  • #18,044
  • Mar 10, 2015 4:45pm Mar 10, 2015 4:45pm
Quoting infinitus
Sentiment Index 5% EU bulls 95% USDCHF bulls 97% UDX bulls LOL Think I have not seen that before Are there any USD bears left? Gold 10% bulls Platinum 9% bulls maybe we will see at least a small rally in the metals In Gold I can count 5 waves down from the 1307 high. This is either no 5 waves down but a B-wave of an ABC-flat, or it is the beginning of subwave 3 of wave 5 down, which will bring us sub 1000

EU 5min TF
Attached Image (click to enlarge)
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  • #18,045
  • Mar 10, 2015 4:48pm Mar 10, 2015 4:48pm
If we look back to the history, the 3 major corrections on this charts:

2008: was of 3.708 pips, so since 2014 high the targer would be: 1,0285
Other: 1,0585
Other: 0,9821
Attached Image (click to enlarge)
Click to Enlarge Name: long term targets from corrections.PNG Size: 29 KB
Bavarian Trading FX
  • #18,046
  • Mar 11, 2015 5:18am Mar 11, 2015 5:18am
Quoting infinitus
{quote} Hi Jan, any suggestions on EURGBP? Am still short, but try to pseudo-hedge a bit. Now over weekend completely neutral. So far -1.8% all in all.

Lucky me for literally closing the position
  • #18,047
  • Mar 11, 2015 5:51am Mar 11, 2015 5:51am
EU 2h TF

channel touch
Attached Image (click to enlarge)
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  • #18,048
  • Mar 11, 2015 6:01am Mar 11, 2015 6:01am
Jan was right the last days, when he said, that years old S/R levels are more or less meaningless.

The 0760 was taken without hassle.

Maybe you can remember the ultra strong volume POC's I showed in the past. For example, the volume POC around 1.308 I can remember very good.

Price consolidated for 4 days in front of the POC, without retracement, and then the level was taken with a strong momentum move.

That is only one example of many.......


When there is a shift in the underlying fundamentals of a currency pair we may forget the levels for a while, which work so nicely in sideways markets.
  • #18,049
  • Mar 11, 2015 6:18am Mar 11, 2015 6:18am
Quoting infinitus
Jan was right the last days, when he said, that years old S/R levels are more or less meaningless. The 0760 was taken without hassle. Maybe you can remember the ultra strong volume POC's I showed in the past. For example, the volume POC around 1.308 I can remember very good. Price consolidated for 4 days in front of the POC, without retracement, and then the level was taken with a strong momentum move. That is only one example of many....... When there is a shift in the underlying fundamentals of a currency pair we may forget the levels for a while,...
We talked about this during the weekend. POCS are useless during such a strong trend, like old S/R levels before Lehmans'. 1,0550 can be the last step...
  • #18,050
  • Mar 11, 2015 6:54am Mar 11, 2015 6:54am
Quoting Lavanda
{quote} We talked about this during the weekend. POCS are useless during such a strong trend, like old S/R levels before Lehmans'. 1,0550 can be the last step...
In terms of S/R-levels, I simply can not see the significance of 0550 or 0530 (as some state).

What are you seeing @ 055?

All I can see right now is eventually the 0,96 to 0.83 support shelf with significance.

What I see are historical channels. Dependant on how they are constructed, such channels run at 1.06 or roughly 1.03 recently
  • #18,051
  • Mar 11, 2015 6:59am Mar 11, 2015 6:59am
Quoting infinitus
{quote} so far, so good maybe 0670-0530 area next {image}
From this...
  • #18,052
  • Mar 11, 2015 7:18am Mar 11, 2015 7:18am
Quoting infinitus
{quote} In terms of S/R-levels, I simply can not see the significance of 0550 or 0530 (as some state). What are you seeing @ 055? All I can see right now is eventually the 0,96 to 0.83 support shelf with significance. What I see are historical channels. Dependant on how they are constructed, such channels run at 1.06 or roughly 1.03 recently
176.4% of 1.2043 to 1.3992 move.
  • #18,053
  • Mar 11, 2015 7:57am Mar 11, 2015 7:57am
Quoting Lavanda
{quote} From this...


OK, the 670 was a support level, beneath there are some fib-levelsBut what is with the people calling for 530 or 550? Are they looking at that fib levels, too?
  • #18,054
  • Mar 11, 2015 7:59am Mar 11, 2015 7:59am
Quoting Rockerzeus
{quote} 176.4% of 1.2043 to 1.3992 move.


OK, has the 176,4 a special meaning, orare they simply working off one fib-level after the other?
  • #18,055
  • Mar 11, 2015 8:17am Mar 11, 2015 8:17am
Quoting infinitus
{quote} OK, has the 176,4 a special meaning, orare they simply working off one fib-level after the other?
It is another consolidation level for me after 150% before go down. If 1.2043 to 1.3992=a than 1.3992 to 1.0090=2a than 1.0553 is 1.76a.
  • #18,056
  • Mar 11, 2015 10:14am Mar 11, 2015 10:14am
EU still bear structure like yesteday. Support will be crushed again. Longs are off the table.
  • #18,057
  • Mar 11, 2015 10:17am Mar 11, 2015 10:17am
Gold being battered down. Intra day i am scalping it on down way , didnt pulled 3 shorts today however, would have payed greatly. Considering whole daily structure it is bear. Support should be taken unles some heavy rally starts from here. Looks like dollar just took the throne to itself from all currencies that exist in 2015 even before FED has made it so.
http://prntscr.com/6fgqpf
  • #18,058
  • Mar 11, 2015 12:36pm Mar 11, 2015 12:36pm
Quoting janpec1000
EU still bear structure like yesteday. Support will be crushed again. Longs are off the table.
Support broken. Reading structures is essential for my part of trading as it tells where trend is likely to end, and until it does ill be on wagon to go with it. Until no bottoming structure is formed trend simply cannot end, unles it is being done under severe extended leg structure which happens 1% of time or less.
  • #18,059
  • Edited 12:50pm Mar 11, 2015 12:38pm | Edited 12:50pm
Good short is now EA, down to 388. Gj is short at either of flips 181.878 or 182.37. Brent possible rally structure setup if 57.50 gives away. If not then more down.

EDIT: Tped on EA short. 05357 waiting now for EU to short and get some.
  • #18,060
  • Mar 11, 2015 3:49pm Mar 11, 2015 3:49pm
NU pending sell 7325. Got some of scalps, missed main inital pending sells on news. GU and NU need down.
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