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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #21,461
  • Apr 15, 2016 10:25am Apr 15, 2016 10:25am
EU

SWFX volume with Murrey Math overlay

The rejection from the high at 1465 was a nice Volume distribution - and Murrey Math play
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  • #21,462
  • Apr 15, 2016 10:33am Apr 15, 2016 10:33am
that is the volume profile produced by the movements after 3rd December 2015
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  • #21,463
  • Apr 15, 2016 10:38am Apr 15, 2016 10:38am
EU

FXCM volume distribution
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  • #21,464
  • Apr 15, 2016 11:11am Apr 15, 2016 11:11am
Quoting infinitus
EU FXCM volume distribution {image}
trying to short at 1,1345 (sell limit)
But actually I do not know how to interpret the EU market now.


Best
D.P.

P.S. Some another vision at https://ru.tradingview.com/chart/EUR...odazha-1-1315/
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Hunting High and Low
  • #21,465
  • Apr 15, 2016 12:10pm Apr 15, 2016 12:10pm
Quoting Dr.Phoenix
{quote} trying to short at 1,1345 (sell limit) But actually I do not know how to interpret the EU market now. Best D.P. P.S. Some another vision at https://ru.tradingview.com/chart/EUR...odazha-1-1315/ {image}

as you can see in former pictures, the price has created some small distributions on its way up, each separated by small "no business zones".

When we move down, expect that each of this distributions may be tested seperately. So choppy way down may be what we get.

Above of recent price is a bigger resistance zone now, which lower "no business zone" is around 1.1340. To try a short there is a good trade, JMHO


By looking at the distribution created from the 1.05x low up to the recent high, the area between roughly 1,07 and 1,15 may be prone to some volume fill

If price decides to go below the 1.07 without volume fill, it may be a very bearish sign, because traders then seem to not see any value in this zone at all anymore. In this case we may have seen a large bull trap.

Since the traders on the way up could not even agree on one POC, but formed several POC's (in case of SWFX 5 POC's) under rather light volume, the house of cards may be broken easily to the downside.

If price decides to regain above the roughly 1450 level, it would be seen as a very bullish sign, because the 5 POC's we can see now between 1.07 and 1.15 are then only the traces of a run-away-distribution
  • #21,466
  • Apr 15, 2016 12:28pm Apr 15, 2016 12:28pm
Quoting infinitus
{quote} as you can see in former pictures, the price has created some small distributions on its way up, each separated by small "no business zones". When we move down, expect that each of this distributions may be tested seperately. So choppy way down may be what we get. Above of recent price is a bigger resistance zone now, which lower "no business zone" is around 1.1340. To try a short there is a good trade, JMHO By looking at the distribution created from the 1.05x low up to the recent high, the area between roughly 1,07 and 1,15 may be prone...
Thanks, Markus, for explanations.

Look at the picture.
There is a VPOC that has not been yet tested before going down.

D.P.
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Hunting High and Low
  • #21,467
  • Apr 15, 2016 12:32pm Apr 15, 2016 12:32pm
Quoting Dr.Phoenix
{quote} Thanks, Markus, for explanations. Look at the picture. There is a VPOC that has not been yet tested before going down. D.P. {image}

Hi D.P.,

was no explanation - was only my view

Who am I to give you lectures?


yeeeks -that virgin POC is high
  • #21,468
  • Apr 15, 2016 12:33pm Apr 15, 2016 12:33pm
Quoting infinitus
sorry for not being here much the last days. Was a bit busy...... EU testing some channel from the lower side - nice rejection so far 2h TF {image}

price is still wrestling with the channel line
  • #21,469
  • Apr 15, 2016 12:38pm Apr 15, 2016 12:38pm
Quoting infinitus
{quote} Hi D.P., was no explanation - was only my view Who am I to give you lectures? yeeeks -that virgin POC is high
You are a pro !!!
So, do not be a shy pro !!!

Best
D.P.
Hunting High and Low
  • #21,470
  • Apr 15, 2016 12:55pm Apr 15, 2016 12:55pm
Hmm, look like solid bulls entering commodities market ... not good for usd.
  • #21,471
  • Apr 15, 2016 3:01pm Apr 15, 2016 3:01pm
in case you are dreaming of a career as prof trader


Which Are The Highest Paying Trading Jobs
  • #21,472
  • Apr 15, 2016 3:29pm Apr 15, 2016 3:29pm
This is for next week:
Quoting andexQ
Hmm, look like solid bulls entering commodities market ... not good for usd.
see you later..
  • #21,473
  • Apr 16, 2016 7:03am Apr 16, 2016 7:03am
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  • #21,474
  • Apr 17, 2016 7:05am Apr 17, 2016 7:05am
EW on EU

https://twitter.com/yuraskob/status/721220928408043520
  • #21,475
  • Apr 17, 2016 7:15am Apr 17, 2016 7:15am
Saudi Arabia Threatens To Liquidate Its Treasury Holdings If Congress Probes Its Role In Sept 11 Attacks




interesting, isn't it?
  • #21,476
  • Apr 17, 2016 7:21am Apr 17, 2016 7:21am
Quoting infinitus
Saudi Arabia Threatens To Liquidate Its Treasury Holdings If Congress Probes Its Role In Sept 11 Attacks interesting, isn't it?
which crazy idiot will buy?
  • #21,477
  • Apr 17, 2016 7:34am Apr 17, 2016 7:34am
Doha Is Done: Saudi Prince Drops Bomb - "No Deal Without Iran...We Are Selling At Every Opportunity"

And Scene: In Last Minute Iran Pulls Out Of Doha Meeting
  • #21,478
  • Apr 17, 2016 7:50am Apr 17, 2016 7:50am
Quoting infinitus
Saudi Arabia Threatens To Liquidate Its Treasury Holdings If Congress Probes Its Role In Sept 11 Attacks interesting, isn't it?


One Man Asks Why Was Tritium Found At 9/11 Ground Zero
  • #21,479
  • Apr 17, 2016 3:31pm Apr 17, 2016 3:31pm
Cancel this post,
Quoting andexQ
Hmm, look like solid bulls entering commodities market ... not good for usd.
Quoting andexQ
This is for next week: {quote} see you later..

This is bad for commodities,
Quoting infinitus
Doha Is Done: Saudi Prince Drops Bomb - "No Deal Without Iran...We Are Selling At Every Opportunity" And Scene: In Last Minute Iran Pulls Out Of Doha Meeting

Pre-market is crazy atm..
  • #21,480
  • Apr 18, 2016 3:48am Apr 18, 2016 3:48am
Quoting vasily
{quote} which crazy idiot will buy?

haha correct. The chinese are in trouble so they cannot buy more if the Saudis liquidate the Fed will have to buy everything. That will be interesting
"Bulls make money, bears make money, pigs get slaughtered"
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