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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #21,761
  • Jun 24, 2016 3:07am Jun 24, 2016 3:07am
BREXIT G/U... -10/12% It was my prediction ..
  • #21,762
  • Jun 24, 2016 10:35am Jun 24, 2016 10:35am
Quoting infinitus
EU channel play {image}
Hello, buddy.

Glad to hear you again.

Here I must ask you, guys, if you know (or you think what you know) where EU is about to go?

Best
D.P.
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Hunting High and Low
  • #21,763
  • Jun 24, 2016 1:00pm Jun 24, 2016 1:00pm
Quoting Dr.Phoenix
{quote} Hello, buddy. Glad to hear you again. Here I must ask you, guys, if you know (or you think what you know) where EU is about to go? Best D.P. {image}

Hi my Friend,

good to see you here, too.

Slowly I am gaining ground, so looks good to spent some time here again :-)


Hard to say what will happen next.

From the last 1616 top, EU has developed so far an ABC move down, where C is nearly equal A. That would look good for the proposed triangle view.

On the same side of this equation are the CB's which are hell bound to defend not only the stock markets but also the currencies. But as we all know, such games only last so long until it does not work out anymore. If history repeats, every CB intervention is destined to fail in the long run. And this Ponzi scheme may have faced its final black swan today.

My view is, that upside is most likely very limited, even with CB intervention. Roughly 1340 to 1430. For the triangle scenario to stay intact, it should not exceed 1616.

From a fundamental view, EU and the Britain's are now in stormy waters with elevated uncertainties over the next months to years. Would you invest your hard earned money in this areas now?

So far the CB's have held the EU over critical levels, as you can also see on your Midas chart. How long will it last?

Many institutional speculators must have been on the wrong side of the bet last night. Will they be able to average down their bets to get away with only one blue eye? And how likely is it, that the CB's are actively helping them in their desire?
  • #21,764
  • Jun 24, 2016 1:04pm Jun 24, 2016 1:04pm
would only someone stop the old corrupt bastards from expressing their opinions:

Greenspan: "This Is The Worst Period I Recall; There's Nothing Like It"
  • #21,765
  • Edited 2:15pm Jun 24, 2016 1:29pm | Edited 2:15pm
Quoting infinitus
{quote} Hi my Friend, good to see you here, too. Slowly I am gaining ground, so looks good to spent some time here again :-) Hard to say what will happen next. From the last 1616 top, EU has developed so far an ABC move down, where C is nearly equal A. That would look good for the proposed triangle view. On the same side of this equation are the CB's which are hell bound to defend not only the stock markets but also the currencies. But as we all know, such games only last so long until it does not work out anymore. If history repeats, every CB intervention...
Thanks, Markus.
I am awaiting for the week close to try understanding EU.

D.P.

EDITED

Price is weekly imbalanced since it is below VAL and IBL, but I see the price is balanced daily.
So there will be price trying to be confirmed in the balanced state on monday. If there is a doji-like formation, there is a chance to go up to the POC line, on the other hand the price can go lower.

P.S. I believe in going lower.
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Hunting High and Low
  • #21,766
  • Jun 24, 2016 1:43pm Jun 24, 2016 1:43pm
Quoting infinitus
would only someone stop the old corrupt bastards from expressing their opinions: Greenspan: "This Is The Worst Period I Recall; There's Nothing Like It"
I have realized we have been looking for one of the most important economic facts or trades from the recent history. It's the perfect Black Swan. We do not know the consequences yet. I think that some Brits do not know yet the consequences of their vote. Was I mistaken? . I thought this was a plan from the politicians and smart Brittish people to negociate better conditions with the UE. And I still think it was the initial plan or idea. Renegociate with the UE with the thread of one referendum.

About trading I agree CB's are keeping the bias. Realize the two contacts with 1,1170-80 area where longs started on 3rd june and 16th...
  • #21,767
  • Jun 24, 2016 2:23pm Jun 24, 2016 2:23pm
closed very near the middle of the last up range ...

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  • #21,768
  • Jun 24, 2016 2:41pm Jun 24, 2016 2:41pm
Quoting infinitus
would only someone stop the old corrupt bastards from expressing their opinions: Greenspan: "This Is The Worst Period I Recall; There's Nothing Like It"
@G - He said the result of the referendum will "almost surely" lead to the Scottish National Party trying to "resurrect Scottish Independence."

It is absolutely the same thing I was thinking of today's morning.

@G - "Brexit is not the end of the set of problems, which I always thought were going to start with the euro because the euro is a very serious problem in that the southern part of the euro zone is being funded by the northern part and the European Central Bank," Greenspan said.

Yes, it has begun - but, I think, the process will not be fast indeed.

D.P.
Hunting High and Low
  • #21,769
  • Jun 24, 2016 3:36pm Jun 24, 2016 3:36pm
referendum BREXIT .... the basic idea came from CAMERON to gain power in own party...

the positions they took with regard to refugees (more dogs to sniff )... and now makes campaign to remain aaaaahhhh
the people are manipulated by politicians but has memory.
  • #21,770
  • Jun 25, 2016 12:30am Jun 25, 2016 12:30am
If The Public Shouldn't Have Them, Why Does The IRS Need AR-15s?

  • #21,771
  • Jun 25, 2016 8:02am Jun 25, 2016 8:02am
How bad was it yesterday for any of you that actually traded Thursday and Friday? I have been on the sideline for a few weeks.

I'm just curious... Could you even trade? Or get filled anywhere near a bid?

cheers,

ryder
Back from the dead * ding fries are done *
  • #21,772
  • Jun 25, 2016 9:05am Jun 25, 2016 9:05am
Quoting ryder950
How bad was it yesterday for any of you that actually traded Thursday and Friday? I have been on the sideline for a few weeks. I'm just curious... Could you even trade? Or get filled anywhere near a bid? cheers, ryder

have not actively traded much over the last weeks. Have some strategically short positions in EURUSD with price around 1500

On Thursday evening I had some long positions and sold them around 1390. Then I waited for somewhat higher price to sell, but unfortunately fell asleep.


It is kind of funny, how the "Remainers" in Britain are acting now. Writing Petitions etc., London to be independent (thus remaining in the EU etc). Strange sense of Democracy when in denial of the Referendum

Maybe one solution:

all the Remainers go to Scottland and get their Scottish Referendum?
  • #21,773
  • Jun 25, 2016 3:13pm Jun 25, 2016 3:13pm
Quoting ryder950
How bad was it yesterday for any of you that actually traded Thursday and Friday? I have been on the sideline for a few weeks. I'm just curious... Could you even trade? Or get filled anywhere near a bid? cheers, ryder
for me which increases is the risk .. before risking 50 pips now these conditions maybe 200?
but it does not change anything in my strategy ... as the risk increases I can not be willing to take that risk .
but the rewards can also be much higher...
open a few positions this week ...
I had a pending short G/U at 1.5130 not opened ... no problem
  • #21,774
  • Edited 9:24pm Jun 25, 2016 9:13pm | Edited 9:24pm
EU:

Battle for MA-200

Daily chart,
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  • #21,775
  • Jun 25, 2016 10:13pm Jun 25, 2016 10:13pm
Quoting ryder950
How bad was it yesterday for any of you that actually traded Thursday and Friday? I have been on the sideline for a few weeks. I'm just curious... Could you even trade? Or get filled anywhere near a bid? cheers, ryder
suffer some loses, but overall still good..
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  • #21,776
  • Jun 25, 2016 10:19pm Jun 25, 2016 10:19pm
Quoting andexQ
EU: Battle for MA-200 Daily chart, {image}
As for USD, it seem MA-200 was well defended..

Daily chart,
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  • #21,777
  • Jun 26, 2016 12:49am Jun 26, 2016 12:49am
Quoting ryder950
How bad was it yesterday for any of you that actually traded Thursday and Friday? I have been on the sideline for a few weeks. I'm just curious... Could you even trade? Or get filled anywhere near a bid? cheers, ryder
My 2 cents.

+5% for Friday. +2-3% is unrealized.
But I must say, it was nervous though.

Best
D.P.
Hunting High and Low
  • #21,778
  • Jun 26, 2016 1:59pm Jun 26, 2016 1:59pm
"The Global Economy Can No Longer Rely On Debt" - BIS Warns Central Bank Actions "Have Started To Backfire"


What took them so long to arrive to this conclusion? Me and many others in FF told mantra-like, that you can only produce out of debt, and not lend out of debt. Stupid world this is.....
  • #21,779
  • Jun 27, 2016 8:51am Jun 27, 2016 8:51am
maybe its time to buy GY. I bought at 134.39.
"Bulls make money, bears make money, pigs get slaughtered"
  • #21,780
  • Jun 28, 2016 12:43am Jun 28, 2016 12:43am
Quoting manosk
maybe its time to buy GY. I bought at 134.39.
I am going to let fly, already almost 200 pips in profit. Conservatively room to 139.59
"Bulls make money, bears make money, pigs get slaughtered"
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