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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #19,901
  • Oct 28, 2015 3:22am Oct 28, 2015 3:22am
Still holding BTC longs from 245 and 250.

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  • #19,902
  • Oct 28, 2015 5:06am Oct 28, 2015 5:06am
Quoting janpec1000
Still holding BTC longs from 245 and 250. {image}

I had my fun with them when they reached toward 150. I was a buyer between roughly 160 and 200, and sold between 250 and 300 at various times.

When it reached 150 or so, my EW prediction came true :-)


But at the moment I am without any Bitcoins :-( waiting for a pullback.

What puzzles me is, that the structure from 150 up does not look impulsive. In fact it remembers a bit on a triangle formation, or a strange leading diagonal is developing.

Will do a new EW count later when I have time.

Had to leave the mountains for a few days in order to pick up some new gear, and to do some work. Now I am sitting on my packed bags and will return to the mountains this afternoon.


Jan, out of your view: what is curently the best and safest way to trade the Bitcoins?
  • #19,903
  • Oct 28, 2015 5:21am Oct 28, 2015 5:21am
when the blue 4 is not finished yet, next target would then be in the 1,18 - 1,20 vicinity

In this case, I do not belief any longer in this count, because the blue 4 would be stretched to far in relation to blue 2.

In this case, the impulse down from the 1.39 high had been finished at the 1.046 low already


When wave blue 4 is already finished, and we are down in the red 1-2-3-etc., then the target for for wave red 3 may be the 1.618 extension of red 1, which is around 1,048
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  • #19,904
  • Oct 28, 2015 5:23am Oct 28, 2015 5:23am
Quoting infinitus
CHF only 7% bulls left

  • #19,905
  • Oct 28, 2015 5:41am Oct 28, 2015 5:41am
http://www.telesurtv.net/english/new...1027-0011.html


Once again, the United States and Israel voted against the motion to end economic sanctions This content was originally published by teleSUR at the following address: http://"http://www.telesurtv.net/eng...027-0011.html". If you intend to use it, please cite the source and provide a link to the original article. www.teleSURtv.net/english



What a farce this is - UN Votes in Favor of Ending Cuban Blockade 191-2, only Israel and USA voted against.

What a farce this world is, where two dick-heads can rule the world. I feel deeply for the poor people of Cuba, which human rights are deeply hurt.

What a farce this world is, where no one of the other 191 countries has the guts to break this unjust embargo.


  • #19,906
  • Oct 28, 2015 6:01am Oct 28, 2015 6:01am
Quoting infinitus
CHF only 7% bulls left
UCHF might retrace to .9800 area or .9750 area, but i think it might not be reversal.

currently there is no really serious weakness on USD so maybe hidden USD bulls is waiting ...
  • #19,907
  • Oct 28, 2015 6:27am Oct 28, 2015 6:27am
Quoting andexQ
{quote} UCHF might retrace to .9800 area or .9750 area, but i think it might not be reversal. currently there is no really serious weakness on USD so maybe hidden USD bulls is waiting ...

Yesterday night I noticed, that the sentiment data are not as homogeneous as I would like.

The DSI was at only 7% CHF bulls,

but many of the retail broker outlets show, that the retail trader are short to heavily short in USDCHF.

One has to keep in mind ever, that the retail trader are fairly good at picking turning points, but they fail, when the price reaches major turning points. This may be due to the fact, that most of the retail trading is done via trend following.

When this trend gets broken, they are most of the time in for heavy spanking :-(
  • #19,908
  • Oct 28, 2015 6:32am Oct 28, 2015 6:32am
Quoting infinitus
{quote} Yesterday night I noticed, that the sentiment data are not as homogeneous as I would like. The DSI was at only 7% CHF bulls, but many of the retail broker outlets show, that the retail trader are short to heavily short in USDCHF. One has to keep in mind ever, that the retail trader are fairly good at picking turning points, but they fail, when the price reaches major turning points. This may be due to the fact, that most of the retail trading is done via trend following. When this trend gets broken, they are most of the time in for heavy...

add to this, that the COT index for the Commercials in USDCHF is now around 50 or so, one would like to get it around 0 for another signal to short
  • #19,909
  • Oct 28, 2015 9:26am Oct 28, 2015 9:26am
Quoting infinitus
{quote} add to this, that the COT index for the Commercials in USDCHF is now around 50 or so, one would like to get it around 0 for another signal to short
How are this numbers for EU now? Is there any inverted correlation as before with USDCHF
  • #19,910
  • Oct 28, 2015 9:39am Oct 28, 2015 9:39am
Quoting andexQ
{quote} I'm watching red-box area, might reach there within 1-3 days or at least within this week... imo. {image}
Now, watching gold ...
  • #19,911
  • Oct 28, 2015 10:16am Oct 28, 2015 10:16am
Quoting infinitus
{quote} I had my fun with them when they reached toward 150. I was a buyer between roughly 160 and 200, and sold between 250 and 300 at various times. When it reached 150 or so, my EW prediction came true :-) But at the moment I am without any Bitcoins :-( waiting for a pullback. What puzzles me is, that the structure from 150 up does not look impulsive. In fact it remembers a bit on a triangle formation, or a strange leading diagonal is developing. Will do a new EW count later when I have time. Had to leave the mountains for a few days in order...
Oh that is very good question. The safest way by far is local "physical" trade. You find a seller or buyer in your town, meet up and exchange BTC for EUR. It might seem a bit demanding, but actually since you probably are holding for targets similar to mine (eg 100 bucks or more difference) and it takes while to get that it is alright method. I did 2 trades that way. Both trough LocalBitcoins.com . The second best way which is instant one is using Bitstamp, which is atm still the most reliable exchange. As for any exchange site you have to have BTCs always in your own computer wallet, or cold walet and only put BTCs on exchange site such as Bitstamp when you are planing to make a trade, becouse all exchanges are vonourable to hacking and it does happen quite often. Another safe way which maybe is even safer than previous two above is using FX broker to trade it, i forgot what the name is but there is one trusted broker allowing BTC trading. As for chart info you really need to use bitcoinwisdom.com becouse they have proper order book data and true volume, which is excellent to look for reversals.
  • #19,912
  • Oct 28, 2015 10:19am Oct 28, 2015 10:19am
Quoting Lavanda
{quote} How are this numbers for EU now? Is there any inverted correlation as before with USDCHF
After CHF de-peging correlation was ruined big time. There still is some but not nearly as much. USDCHF is now more of a pair on its own.
  • #19,913
  • Oct 28, 2015 10:20am Oct 28, 2015 10:20am
http://www.zerohedge.com/news/2015-1...table-conseque

Knock knock, UN hello anybody home?
  • #19,914
  • Oct 28, 2015 12:24pm Oct 28, 2015 12:24pm
Quoting Lavanda
{quote} How are this numbers for EU now? Is there any inverted correlation as before with USDCHF

The sentiment data for EU are floating around neutral, yesterday we had 38% EUR bulls.To make use of it we do need the extreme values.........
  • #19,915
  • Oct 28, 2015 12:29pm Oct 28, 2015 12:29pm
Quoting janpec1000
{quote} Oh that is very good question. The safest way by far is local "physical" trade. You find a seller or buyer in your town, meet up and exchange BTC for EUR. It might seem a bit demanding, but actually since you probably are holding for targets similar to mine (eg 100 bucks or more difference) and it takes while to get that it is alright method. I did 2 trades that way. Both trough LocalBitcoins.com . The second best way which is instant one is using Bitstamp, which is atm still the most reliable exchange. As for any exchange site you have...

Many thanks, Jan. Will try Bitstamp, I think......

I think the Forex broker which allows to trade Bitcoin is plus500
  • #19,916
  • Oct 28, 2015 1:06pm Oct 28, 2015 1:06pm
Quoting infinitus
{quote} Many thanks, Jan. Will try Bitstamp, I think...... I think the Forex broker which allows to trade Bitcoin is plus500
Correct plus500.
  • #19,917
  • Oct 28, 2015 1:15pm Oct 28, 2015 1:15pm
Quoting infinitus
CHF only 7% bulls left

Holy Moly

Lucky me that I could not make my mind whether to short it or not :-))
  • #19,918
  • Oct 28, 2015 1:20pm Oct 28, 2015 1:20pm
Quoting infinitus
{quote} Holy Moly Lucky me that I could not make my mind whether to short it or not :-))


D.P.

P.S. The following locomotive stop is 8740 at least.
Hunting High and Low
  • #19,919
  • Oct 28, 2015 1:23pm Oct 28, 2015 1:23pm
Natgas

http://www.elliottwave.com/freeupdat...#axzz3pgXjifmZ
  • #19,920
  • Oct 28, 2015 1:32pm Oct 28, 2015 1:32pm
Quoting Dr.Phoenix
{quote} D.P. P.S. The following locomotive stop is 8740 at least.
Which pair?
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