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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #21,741
  • Edited 11:39pm Jun 22, 2016 4:28pm | Edited 11:39pm
Quoting andexQ
{quote} Yes, there was usd bulls entered yesterday ... should stop the down-move for a while. H4 chart, {image}
Realize there is a bottom in USDX Daily at 93,4xx at 8th-9th of June and it can't break it during last three days...
  • #21,742
  • Jun 22, 2016 10:21pm Jun 22, 2016 10:21pm
Quoting Lavanda
{quote} Realize there is a bottom in USDX Daily at 93,4xx at 8th-9th of June and it can break it during last three days...
Yes indeed ... current support is fragile if go by chart solely regardless of result from brexit referendum,
however volatile for up & down might be very high so i think it's a dangerous situation ahead.
  • #21,743
  • Jun 23, 2016 2:59am Jun 23, 2016 2:59am
Quoting Lavanda
{quote} Realize there is a bottom in USDX Daily at 93,4xx at 8th-9th of June and it can't break it during last three days...
so you meant can't not can

well it's broken now
  • #21,744
  • Jun 23, 2016 3:14am Jun 23, 2016 3:14am
Currently USDX is approaching 93

if no bulls enter there, i would like to say bye-bye to usd
  • #21,745
  • Jun 23, 2016 5:00am Jun 23, 2016 5:00am
Quoting andexQ
Currently USDX is approaching 93 if no bulls enter there, i would like to say bye-bye to usd
I think that USD Index is caught in a channel between 93-95 and there wont be a break above or below that for sometime. There is a balance of power in a way between EU/GU on one side (also the commodity currencies but I am mentioning the heavyweights) and UJ on the other. And depending on the risk on/risk off condition of the market we see both sides appreciating or both sides depreciating, so USD is always more or less balanced.
"Bulls make money, bears make money, pigs get slaughtered"
  • #21,746
  • Jun 23, 2016 5:43am Jun 23, 2016 5:43am
Quoting manosk
{quote} I think that USD Index is caught in a channel between 93-95 and there wont be a break above or below that for sometime. There is a balance of power in a way between EU/GU on one side (also the commodity currencies but I am mentioning the heavyweights) and UJ on the other. And depending on the risk on/risk off condition of the market we see both sides appreciating or both sides depreciating, so USD is always more or less balanced.

It seem usd bulls has entered around 93 so we should see red-TL tested from below and might see 95 if it can cross that line,
otherwise the break below 93 is really just a matter of time i guess.

Daily chart,
Attached Image
  • #21,747
  • Jun 23, 2016 6:01am Jun 23, 2016 6:01am
Quoting andexQ
{quote} so you meant can't not can well it's broken now
Yes, it was a typo.. anyway broken in a morning when I was not able to be in fron of the screen. Interesting to see if comes back to test 93,40-50 area...
  • #21,748
  • Jun 23, 2016 5:12pm Jun 23, 2016 5:12pm
I could not resist this entry ... closed for over 250 pips in half an hour...

Attached Image (click to enlarge)
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  • #21,749
  • Jun 23, 2016 9:41pm Jun 23, 2016 9:41pm
Quoting chess king
I could not resist this entry ... closed for over 250 pips in half an hour... {image}

ca-shing

can you imagine me being too tired and falling asleep before the firework started?


Interesting times ahead - that is for sure.

Hope that no-one got burned tonight. Zerohedge had a nice article the last days about the bets regarding Brexit. They showd, that the overal bet was skewed to the Remain side through some very large bets on "Remain", and noted, that the vast majority of "small" betters had their money on the leave side.

Do you notice something with Zerohedge?

Lately they have significantly less stories. What is cooking?
Attached Image (click to enlarge)
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  • #21,750
  • Jun 23, 2016 9:46pm Jun 23, 2016 9:46pm
so far we have two equal long legs down
Attached Image (click to enlarge)
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  • #21,751
  • Jun 23, 2016 9:48pm Jun 23, 2016 9:48pm
http://www.elliottwaveforex.com/2016...medium=twitter


EW-Forex
  • #21,752
  • Jun 23, 2016 9:52pm Jun 23, 2016 9:52pm
and what has MS to say?

http://www.zerohedge.com/news/2016-0...lot-pain-longs
  • #21,753
  • Jun 23, 2016 10:00pm Jun 23, 2016 10:00pm
Quoting infinitus
so far we have two equal long legs down {image}

will this triangle count work out, when the CB's start to intervene? Or are we impulsing down simply from the wave C top?
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Weekly_snapshot.png Size: 53 KB
  • #21,754
  • Jun 23, 2016 10:30pm Jun 23, 2016 10:30pm
Quoting infinitus
so far we have two equal long legs down {image}
Hello Infi, nice to see you back. The same as you, sleeping this night, thinking the polls were right,and waiting for a normal reaction on Friday. The slippage by my broker that multiplied four or five times the normal, discouraged me to wait asleep.
Lesson from this is do not trust in polls for an election. The polls were really showing results very close to the 50%. I think we should wait for a reaction now from Central Banks.
  • #21,755
  • Jun 23, 2016 11:51pm Jun 23, 2016 11:51pm
Quoting Lavanda
{quote} Hello Infi, nice to see you back. The same as you, sleeping this night, thinking the polls were right,and waiting for a normal reaction on Friday. The slippage by my broker that multiplied four or five times the normal, discouraged me to wait asleep. Lesson from this is do not trust in polls for an election. The polls were really showing results very close to the 50%. I think we should wait for a reaction now from Central Banks.

Yes, I think they might step in this morning or already doing so

looking at the decline in EU from this night I can not spot a point of recognition so far - interesting, isn't it? I mean: we saw a 400+ drop, without a point of recognition? Srange.....
  • #21,756
  • Jun 24, 2016 12:41am Jun 24, 2016 12:41am
Quoting infinitus
{quote} Yes, I think they might step in this morning or already doing so looking at the decline in EU from this night I can not spot a point of recognition so far - interesting, isn't it? I mean: we saw a 400+ drop, without a point of recognition? Srange.....
I think the intervention is evident (they had already said that the 6 big CBs had everything in place to do that and SNB confirmed that they intervened in FX). Markets are recovering from the lows for the moment but I dont think we have seen it all as we still have the US open and at the end of the day CBs cannot fight the market ( remember Soros in 1992?). The consequences of Brexit are unfathomable...they dont know what Pandora's box they are opening...
"Bulls make money, bears make money, pigs get slaughtered"
  • #21,757
  • Jun 24, 2016 1:41am Jun 24, 2016 1:41am
Quoting infinitus
{quote} will this triangle count work out, when the CB's start to intervene? Or are we impulsing down simply from the wave C top? {image}

I hate triangles like this for one good reason:

when the final wave down after completion of the triangle starts, you can not know in most cases, if the proposed wave D of the triangle is in reality a 1-2-1-2- combination at the end.

With this said, it is hard to determine where the final move down will end.
  • #21,758
  • Jun 24, 2016 1:48am Jun 24, 2016 1:48am
EU

channel play
Attached Image (click to enlarge)
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  • #21,759
  • Jun 24, 2016 2:08am Jun 24, 2016 2:08am
Quoting infinitus
{quote} ca-shing can you imagine me being too tired and falling asleep before the firework started? Interesting times ahead - that is for sure. Hope that no-one got burned tonight. Zerohedge had a nice article the last days about the bets regarding Brexit. They showd, that the overal bet was skewed to the Remain side through some very large bets on "Remain", and noted, that the vast majority of "small" betters had their money on the leave side. Do you notice something with Zerohedge? Lately they have significantly less stories....
HI INFINITUS
miss the party is not good ...but I think it was the best for you ..for being tired.

but i ran a huge risk...now seen.

yes zerohedge had anything .. but I'm not sure .. just heard a little rumor.
  • #21,760
  • Jun 24, 2016 2:31am Jun 24, 2016 2:31am
Quoting chess king
{quote} Hi Inf ... completely agree.. if we are in wave 3 1.3290/3350 ZONE seems to me the minimum target.

I must confess that I did not play well the pound ... this target was predictable

did not get the 50% retrac wanted .. 61% ... I lost the movement ..

Attached Image (click to enlarge)
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