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wormboy Apr 1, 2010 11:54am | Post# 5941

Hi WB

wHAT DO U THINK ABOUT SHORT GBPUSD AT 1.53 SL 1.5412 TP 1.5160.
Bearish divergence on 4H and 8h tf..
Please advise your thoughts
is it good place to short?

Hi guys ..

Current H4 bar shows strength, so probably short isn't such a good idea imho. DX is also spiralling.
I went long cable not too long ago at the break of 5225, so if it's any help for you guys, atm, that is the line in the sand for me. Upper targets to short from needs a confirmation.

Here's the level:
1. http://www.forexfactory.com/showpost...stcount=212311


Hope that helps ... Good luck

riko2705 Apr 1, 2010 12:08pm | Post# 5942

thank you
 
thank you

wormboy Apr 1, 2010 12:15pm | Post# 5943

thank you
You're welcome


Welp, I'm outta here. Closed my cable longs.
Will only carry my eu trade thru nfp and nothing else.
So see you all tomorrow during nfp. Bye!

dario1002 Apr 1, 2010 12:27pm | Post# 5944

dario .. mate i hope you did not short then yen crosses

eheheh no.. i didn't... needed for confirm... i am still newbie... and already almost blew my "small" account... so to be aggressive sometimes is good.. but i will wait to be the chief of some fund before going against the other big guys

wormboy Apr 1, 2010 6:50pm | Post# 5945

Euro Dollar Trade Update
 
EurUsd

1. long @3502 sl @3215 tp @4250 (0.5)


Bull Div. I see you ...

Closed partial

EurUsd

1. long @3502 closed @3584 (0.4)

Remaining stop amended.

EurUsd

1. long @3502 sl @3510 tp @4250 (0.1)


Changed my mind.I didn't realise it's multiple bank holidays tll nfp. Will buy lower if it gets.

XTrade Apr 2, 2010 2:03am | Post# 5946

2 Attachment(s)
Hey WB,
LONGS!!! Below is the chart I had mentioned in last post here about the TL
on Cable. (sorry the cable chart is from yest. still valid though)

There are a few things I am taking into consideration before opening or closing any new positions.

1. LDN / EUR holiday
2. USA - NFP Later in NY session
3. DXY on support. Would like to see the line broken to sustain further
cable and fibre moves up. Otherwise may look for shorts. Chart added.
If DXY breaks I want to retest 5800 ultimately first.

Please feel free to stop by My Gold/ Silver thread here @ FF anytime if you are
interested.
Luck to you,
X
Click to Enlarge

Name: CAbLE_H4_TL_VIOLATION.GIF
Size: 40 KB
Click to Enlarge

Name: DXY_Support_April1st_Cable_over.GIF
Size: 43 KB

wormboy Apr 2, 2010 8:58am | Post# 5947

Cable Trade
 
GBPUSD

1. long @5226 sl @5170 (0.2)


yesterday's chart. using the same levels:
1. http://www.forexfactory.com/showpost...stcount=212311

wormboy Apr 2, 2010 9:16am | Post# 5948

Euro Dollar Trade Update
 
Closed partial

EurUsd

1. long @3502 closed @3584 (0.4)

Remaining stop amended.

EurUsd

1. long @3502 sl @3510 tp @4250 (0.1)


Changed my mind.I didn't realise it's multiple bank holidays tll nfp. Will buy lower if it gets.
Remaining trade stopped out.

EurUsd

1. long @3502 stopped @3510 (0.1)

albchr Apr 2, 2010 9:31am | Post# 5949

GBPUSD

1. long @5226 sl @5170 (0.2)


yesterday's chart. using the same levels:
1. http://www.forexfactory.com/showpost...stcount=212311
To our success...

http://www.forexfactory.com/showpost...postcount=1072

wormboy Apr 2, 2010 10:13am | Post# 5950

Euro Dollar Trade
 
EurUsd

1. long @3488 sl @3215 tp @4250 (0.5)

wormboy Apr 2, 2010 10:14am | Post# 5951


aha! I hope so brother
Right, i'm outta here. Enjoy your weekend & holiday bro!

Bye!

TheGabriel Apr 2, 2010 10:31am | Post# 5952

Shorts Cable & Euro
 
2 Attachment(s)
Added 2 shorts on Euro & Cable (entry, sl, tp in picture).

I'm attaching both 4h and 30M volume chart, 4H shows an overbought to the upside with QQE cross to come. The 30M shows sellers (indicator BetterVolume) on strength with confirmation.

Good holidays everyone and a nice weekend!

Edit: Sorry, in the 2nd chart is BIG VOLUME DOWNBAR, not upbar and is a confirmation that I check after I take the trade to see what's happening.
Click to Enlarge

Name: EURUSD.jpg
Size: 175 KB
Click to Enlarge

Name: VOLUME.jpg
Size: 161 KB

Indeskey Apr 2, 2010 12:06pm | Post# 5953

USD/JPY
 
Sirs,

What actually happen to USD/JPY...

I take short at 93.85 and now at 95.59?

It run LONG very fast...


Thanks,
Indeskey

Ctic Apr 2, 2010 12:12pm | Post# 5954

Sirs,

What actually happen to USD/JPY...

I take short at 93.85 and now at 95.59?

It run LONG very fast...


Thanks,
Indeskey
I am assuming that you probably placed your trade right around 8:30 EST. You fell for the classic, NFP fakeout. That is why the huge run, it was NFP. That is a major news event that you have to be very careful of. check the calendar section here. NFP is one of the most major news events all month.

C.

Indeskey Apr 2, 2010 12:19pm | Post# 5955

Ctic,

You are right sir, i am not concern about that...

I got your point sir... Still need to learn about trade...

Thanks Ctic...

wormboy Apr 2, 2010 4:47pm | Post# 5956

Cable Trade Update
 
GBPUSD

1. long @5226 sl @5170 (0.2)


yesterday's chart. using the same levels:
1. http://www.forexfactory.com/showpost...stcount=212311

Stop amended. Tp installed.

GBPUSD

1. long @5226 sl @5070 tp @5850 (0.2)

wormboy Apr 2, 2010 4:53pm | Post# 5957

Cable Update
 
1 Attachment(s)
Here's why I adjusted the emergency stop.
Current level used to be the major barrier bar one short squeeze we saw earlier this month. And at the mo, we are trading above it. So what used to be the ceiling, is now the floor.
However, if price slides below this major support, I will not hesitate to reverse and short.
Click to Enlarge

Name: guh4.gif
Size: 23 KB

nAVIN2007 Apr 2, 2010 5:05pm | Post# 5958

1 Attachment(s)
Here's why I adjusted the emergency stop.
Current level used to be the major barrier bar one short squeeze we saw earlier this month. And at the mo, we are trading above it. So what used to be the ceiling, is now the floor.
However, if price slides below this major support, I will not hesitate to reverse and short.

only thing bro is that zone is a buffer

i have a weekly chart of the range this some b*tch is in and it appears that its failled to breakout, dailly is bearish..will likely test 1.5 which should hold as the monthly closed above 1.5..

those are my thoughts..have a great weekend bro!
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Name: trade2.gif
Size: 28 KB

wormboy Apr 2, 2010 5:10pm | Post# 5959

Cable Update
 
1 Attachment(s)
As most people know, my trading is mostly mechanical & I am all for simple things like trendlines, pvp, s/r levels & patterns.

So apart from the above chart, here is one really simple reason why I am looking up instead of down. See the similarities in those two in blue?
Of course it could just purely coincidence ... Time will tell.
Click to Enlarge

Name: gu4.gif
Size: 27 KB

wormboy Apr 2, 2010 5:27pm | Post# 5960

1 Attachment(s)
only thing bro is that zone is a buffer

i have a weekly chart of the range this some b*tch is in and it appears that its failled to breakout, dailly is bearish..will likely test 1.5 which should hold as the monthly closed above 1.5..

those are my thoughts..have a great weekend bro!
yes, failed to breakout today, but april is a long month. I'm just positioning for the large move -just in case
I'll still be collecting daily with scalps etc while waiting for this trade to materialize. If it doesn't, we'll just reverse & short, the supp level is pretty evident already @5180 level.

Btw, interesting close to March ... what I'll give for a twinkle twinkle morning star
Click to Enlarge

Name: gum.gif
Size: 17 KB


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