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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #18,781
  • Apr 23, 2015 2:51pm Apr 23, 2015 2:51pm
http://www.zerohedge.com/sites/defau.../picture-5.jpg
Why Sarao Is The Flash Crash Patsy: He Threatened To Expose The "Mass Manipulation Of High Frequency Nerds"
  • #18,782
  • Apr 23, 2015 3:26pm Apr 23, 2015 3:26pm
The following chart shows, which level was bought vs sold

The data was collected on 1min TF; the bucket width is 5 pips
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  • #18,783
  • Apr 23, 2015 3:32pm Apr 23, 2015 3:32pm
Sentiment data

Silver only 12% bulls

might get interesting for a bullish move
  • #18,784
  • Apr 23, 2015 3:52pm Apr 23, 2015 3:52pm
Quoting Forexcube
{quote} It seems not a question of an attribution like "better" IMO. ...maybe that the Bollinger Bands could be more practicable, especially with 2nd std. dev. FXcube
It gives something like this on D1 eurusd with 1,2 and 3 stddev with 20 period. Blue is Middle Band. Do you have any suggestions for stddev values?Thanks
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  • #18,785
  • Apr 24, 2015 8:45am Apr 24, 2015 8:45am
Two pictures for D.P.:
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  • #18,786
  • Apr 24, 2015 8:58am Apr 24, 2015 8:58am
Quoting infinitus
Two pictures for D.P.: {image} {image}
seen

D.P.
Hunting High and Low
  • #18,787
  • Apr 25, 2015 8:20am Apr 25, 2015 8:20am
U.S. Dollar: Evidence of Important Top

http://stockcharts.com/articles/deci...y-topping.html
  • #18,788
  • Apr 25, 2015 8:33am Apr 25, 2015 8:33am
Quoting Dr.Phoenix
If you look for market secrets you will only find things that no one cares about. Use the conventional tools. "PRINCIPALS AND PSYCHOLOGY OF DAY TRADING" By George Slezak his sites are: http://www.sit1.com http://www.cot1.com THE TRADE DECISION 1. Never add to a losing position. 2. Always determine a stop and a profit objective before entering a trade. Place stops based on market information, not your account balance. If a "proper" stop is too expensive, don't do the trade. 3. Remember the "power of a position." Never make a...

Excellent..
  • #18,789
  • Apr 25, 2015 10:03am Apr 25, 2015 10:03am
Quoting Rockerzeus
{quote} It gives something like this on D1 eurusd with 1,2 and 3 stddev with 20 period. Blue is Middle Band. Do you have any suggestions for stddev values?Thanks {image}
#18'784

2nd dev. in ranging markets & middle line of BB in trends for further purchases.
FXcube
  • #18,790
  • Apr 25, 2015 12:08pm Apr 25, 2015 12:08pm
Quoting andexQ
U.S. Dollar: Evidence of Important Top http://stockcharts.com/articles/deci...y-topping.html
Ye techs pointing for dollar top. Will it last long? I doubt it (techs+fundies). But 1 month is quite a long time to trade from if it retraces that long.

EU
http://prntscr.com/6y1e3m
UJ
http://prntscr.com/6y1epj
UCAD
http://prntscr.com/6y1fa9

In my view those three pairs all confirm dollar down in next days/weeks, unles something largely changes on FOMC scene.
  • #18,791
  • Apr 25, 2015 12:50pm Apr 25, 2015 12:50pm
Quoting janpec1000
{quote} Ye techs pointing for dollar top. Will it last long? I doubt it (techs+fundies). But 1 month is quite a long time to trade from if it retraces that long. EU http://prntscr.com/6y1e3m UJ http://prntscr.com/6y1epj UCAD http://prntscr.com/6y1fa9 In my view those three pairs all confirm dollar down in next days/weeks, unles something largely changes on FOMC scene.
HI J...
u/j ,,, you have

117.9x zone target or lower?


I have possible target 116.3x
so I'm asking.
  • #18,792
  • Apr 25, 2015 1:01pm Apr 25, 2015 1:01pm
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  • #18,793
  • Apr 25, 2015 1:25pm Apr 25, 2015 1:25pm
Quoting chess king
GU ... break above 49 xx tomorrow or has no power? if so my ST target is 5060 and 5115.
targets hit
and now? wave 3 comes !!?

to me with... the ideal target is 533X / 5x zone let's see how it goes !

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  • #18,794
  • Apr 25, 2015 2:31pm Apr 25, 2015 2:31pm
wonderful pictures

Chile's Mt. Calbuco volcano erupts for first time in over 40yrs
  • #18,795
  • Apr 25, 2015 3:34pm Apr 25, 2015 3:34pm
Quoting chess king
{quote} targets hit and now? wave 3 comes !!? to me with... the ideal target is 533X / 5x zone let's see how it goes ! {image}
Hey Chess king, ye i would agree with both of your views GU and UJ. There is chance for GU to have leg down before that upper target wave 3 is reached but that leg down shouldnt be pass 4970. For Uj as usual i am doing bear targets step by step, for 116.X i dont see opening yet, 118.50 is first target. 118.5 test opens emidently lower level of 117.5 but it depends a lot what happens then after 118.5 test area (h1/h4), as usual, i dont like to skip 2 levels ahead before bulls show the facts.
  • #18,796
  • Apr 25, 2015 3:36pm Apr 25, 2015 3:36pm
Quoting infinitus
wonderful pictures Chile's Mt. Calbuco volcano erupts for first time in over 40yrs
Woah that looks like nuclear bomb just went of on Mars.
  • #18,797
  • Apr 26, 2015 3:36am Apr 26, 2015 3:36am
I still miss an EW count which shows that the EURUSd has bottomed with a "failure".

Sixer
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  • #18,798
  • Apr 26, 2015 4:53am Apr 26, 2015 4:53am
Quoting Sixer
I still miss an EW count which shows that the EURUSd has bottomed with a "failure". Sixer {image}
Ye structurally by leg it makes sense that this bottom could fail with good chance. It needs next 5 days to confirm that from my view.
  • #18,799
  • Apr 26, 2015 6:20am Apr 26, 2015 6:20am
Quoting Sixer
I still miss an EW count which shows that the EURUSd has bottomed with a "failure". Sixer {image}


Hi Sixer,


I am not a big fan of failed waves.


That is the problem with Elliott waves:

if we put up enough special conditions, like failed or truncated waves ect., we can justify any count in the end.


Only way is to go by probability:

highest probability for me has my main count, which I labelled at the beginning as alternative 3 when I introduced it.

Within a few days I made up my mind to label it as main count, because it fibs so damn well. That is my guiding light.

Until price does not move significantly above the area of the 4th wave of one lesser degree I will not change my mind. And that is around 1365, or as area: 1270-1460-1553


Keep in mind: social mood can change on a dime. When it does, it does not need necessarily an extrinsic factor.

As Elliotticans we have no crystal ball, we only can follow the probabilities.


All that we know for certain is: in the aftermath we do find most of the time very nice EW structure.
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  • #18,800
  • Apr 26, 2015 6:25am Apr 26, 2015 6:25am
Quoting Sixer
I still miss an EW count which shows that the EURUSd has bottomed with a "failure". Sixer {image}

Also, there is already a count, where the low around 1.04 is the end of an impulse already. No need for a failed 5th wave

What I do not like on this count is the powerful and extended 5th wave. But this kind of behaviour would be very normal for a wave C impulse
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