The WoRmHoLe | Page 144 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better-than-the-wormhole 555 replies

Attachments: The WoRmHoLe
Exit Attachments

The WoRmHoLe

  • #2,861
  • Sep 9, 2009 6:22am Sep 9, 2009 6:22am
Quoting wormboy
I have received a couple of pm questioning why I am still shorting dragon although we are in a bullish channel. These were the posts where I have mentioned the bullish channel & later on insisted dragon is only retracing:

1. http://www.forexfactory.com/showpost...postcount=2829
2. http://www.forexfactory.com/showpost...postcount=2847

Apart from the bearish daily & weekly, the chart below is another reason why. Heavy traffic before bulls could have it their way so at the moment a fall looks imminent....
very clear and concise...beautifull analysis....my ass is short i got rid of the long, i do agree 153.00 seemed to tough to cross..still early but it had 3 days to happen so id assume bulls are not fighting with the there weight at that level and are getting an ass whooping...

my ass went short!!!!! a pin here would be good
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 30 KB
  • #2,862
  • Sep 9, 2009 12:30pm Sep 9, 2009 12:30pm
Quoting nAVIN2007
very clear and concise...beautifull analysis....my ass is short i got rid of the long, i do agree 153.00 seemed to tough to cross..still early but it had 3 days to happen so id assume bulls are not fighting with the there weight at that level and are getting an ass whooping...

my ass went short!!!!! a pin here would be good
Looking real good atm bro.
Thank You
  • #2,863
  • Sep 9, 2009 1:14pm Sep 9, 2009 1:14pm
Bye cable bulls
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.JPG Size: 100 KB
Thank You
  • #2,864
  • Sep 9, 2009 1:40pm Sep 9, 2009 1:40pm
Quoting wormboy
Looking real good atm bro.
hopefully it is turning round.....looking good for a pin brother!
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 31 KB
  • #2,865
  • Sep 9, 2009 2:13pm Sep 9, 2009 2:13pm
Quoting nAVIN2007
hopefully it is turning round.....looking good for a pin brother!
yup!
I'd like it to close lower tho
Thank You
  • #2,866
  • Sep 9, 2009 2:22pm Sep 9, 2009 2:22pm
Quoting wormboy
yup!
I'd like it to close lower tho
I'm liking the look of the 1H for that.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_1_hour.gif Size: 32 KB
Ghost Rider - WWTBMD?
  • #2,867
  • Sep 9, 2009 8:37pm Sep 9, 2009 8:37pm
Quoting albchr
I'm liking the look of the 1H for that.
Looks to me like it was a fake move..looking at the current 1 hr 4 hr and day.. its sidways to up in my opn..and the UDIndex could quite easily go .76..so hope you all havnt got your hand between your legs on this..one.. if so suggest you take it off and keep your mind on the job.. not between??..
All just my opinion of course..
  • #2,868
  • Edited 9:19pm Sep 9, 2009 8:58pm | Edited 9:19pm
Quoting danc
Looks to me like it was a fake move..looking at the current 1 hr 4 hr and day.. its sidways to up in my opn..and the UDIndex could quite easily go .76..so hope you all havnt got your hand between your legs on this..one.. if so suggest you take it off and keep your mind on the job.. not between??..
All just my opinion of course..
It might be a fake move, but it's the safer option to short.
Choosing to long cable right under resistance would be pretty stupid. 6600 is the rock at the gate. There is no up atm. You'd need price to close above 6600 to confirm continuation. usdx is at support too, and I did mention the divergence might take a couple of days to play out.
Having patience & stoploss in place is paramount atm lol.
You have a good one buddy
Thank You
  • #2,869
  • Sep 9, 2009 10:58pm Sep 9, 2009 10:58pm
Yeah i am worm.. a good day that is.. and i am nither long or short..But certainly have a short bias..BUT like You so ritely pointed out its the UDINDEX..and rite at the mo its under .77again and 76 looks a fair bet... and the UDJPy looking very shortish to me..All just my opn of course..LUV yre charts.
  • #2,870
  • Sep 10, 2009 12:35am Sep 10, 2009 12:35am
Quoting danc
Looks to me like it was a fake move..looking at the current 1 hr 4 hr and day.. its sidways to up in my opn..and the UDIndex could quite easily go .76..so hope you all havnt got your hand between your legs on this..one.. if so suggest you take it off and keep your mind on the job.. not between??..
All just my opinion of course..
Yeah, that's pretty easy to say 6 hours after I posted that chart huh? My head is always on the job. Not sure where yours is but from your comment to me, I'm betting I could guess rather accurately....

Anyway, good luck to you...
Ghost Rider - WWTBMD?
  • #2,871
  • Sep 10, 2009 2:09am Sep 10, 2009 2:09am
Quoting wormboy
It might be a fake move, but it's the safer option to short.
Choosing to long cable right under resistance would be pretty stupid. 6600 is the rock at the gate. There is no up atm. You'd need price to close above 6600 to confirm continuation. usdx is at support too, and I did mention the divergence might take a couple of days to play out.
Having patience & stoploss in place is paramount atm lol.
You have a good one buddy
All the pairs I'm watching have been trading water for the past two days, after the big move on Tuesday. With more time I'd look into non-JPY crosses to find relative strength, but I don't want to trade pairs that I'm not familiar with, especially when the majors are coiling like now.

My psychological bias for GBPUSD and GBPJPY is to the downside. I would be surprised not to see some profit-taking before the end of the week, which should then also shake out some stops of newly established long positions. Market behavior appears to be that long positions are unwound quicker than short positions, explaining why downward moves through support are usually more viscous than the other way around.

The news out of UK, especially interest rates, and later out of US will hopefully provide enough impuls to pry things loose. Consistent positive news to add to the euphoria and nudge exchange rates higher. More interesting if the news is bad -- either we're looking at a sell-off or if that doesn't happen I would take it as confirmation that a new uptrend has been established.

Either way, later today things could become interesting.
  • #2,872
  • Sep 10, 2009 2:14am Sep 10, 2009 2:14am
hi wormboy i just wanna say thank you for that educative thread i think for some one to make it in this he has to have the same mind set, but what is you prediction for gu before friday up or down from were it is now
Quoting wormboy
The term wormhole was coined by the American theoretical physicist Nicholas Ryan Ballard in 1957. However, the idea of wormholes had already been theorized in 1921 by the German mathematician Hermann Weyl in connection with his analysis of mass in terms of electromagnetic field energy.
[i][color=red]This analysis forces one to consider situations...where there is a net flux of lines of force through what topologists would call a handle of the multiply-connected space and what physicists might perhaps be excused for more...
  • #2,873
  • Sep 10, 2009 2:23am Sep 10, 2009 2:23am
Quoting albchr
Yeah, that's pretty easy to say 6 hours after I posted that chart huh? My head is always on the job. Not sure where yours is but from your comment to me, I'm betting I could guess rather accurately....

Anyway, good luck to you...
Mine was asleep..HA HA...and good luck to you 2..and i will have a 2 bob bet with you.... it wont go down as it came up..And in saying that i reckon The Worm is as good er chartist as i have seen ..AND i have seen a few..
  • #2,874
  • Sep 10, 2009 2:43am Sep 10, 2009 2:43am
Quoting danc
Mine was asleep..HA HA...and good luck to you 2..and i will have a 2 bob bet with you.... it wont go down as it came up..And in saying that i reckon The Worm is as good er chartist as i have seen ..AND i have seen a few..
Well, I have a 6575 short I'm happy with ATM...

Haven't spoke to Bob in years....LOL
Ghost Rider - WWTBMD?
  • #2,875
  • Sep 10, 2009 2:58am Sep 10, 2009 2:58am
Quoting jesperweber
All the pairs I'm watching have been trading water for the past two days, after the big move on Tuesday. With more time I'd look into non-JPY crosses to find relative strength, but I don't want to trade pairs that I'm not familiar with, especially when the majors are coiling like now.

My psychological bias for GBPUSD and GBPJPY is to the downside. I would be surprised not to see some profit-taking before the end of the week, which should then also shake out some stops of newly established long positions. Market behavior appears to be that long...
nice post, enjoy reading it! ....i agree
  • #2,876
  • Sep 10, 2009 3:32am Sep 10, 2009 3:32am
Quoting ferdonfx
hi wormboy i just wanna say thank you for that educative thread i think for some one to make it in this he has to have the same mind set, but what is you prediction for gu before friday up or down from were it is now
Hi ferdonfx, welcome to the hole

I am bearish cable and dragon. That has not changed
Thank You
  • #2,877
  • Sep 10, 2009 4:37am Sep 10, 2009 4:37am
Ugly pa. And it's gonna get uglier when it spillsover later.
Earlier chart:
http://www.forexfactory.com/showpost...postcount=2857

Okay. Be back in an hour an half for the show.
Attached Image (click to enlarge)
Click to Enlarge Name: gj4a.JPG Size: 98 KB
Thank You
  • #2,878
  • Sep 10, 2009 6:06am Sep 10, 2009 6:06am
Here we go.

1. stoploss : checked
2. stoploss : checked
3. stoploss : checked

ok good to go.
Thank You
  • #2,879
  • Sep 10, 2009 6:11am Sep 10, 2009 6:11am
Quoting wormboy
GBP USD

1. short @6520 sl @6665 (0.3)
Added to position

GBP USD

1. short @6520 sl @6665 (0.3)

2. short @6581 sl @6665 (0.1)
Thank You
  • #2,880
  • Sep 10, 2009 8:16am Sep 10, 2009 8:16am
Quoting albchr
Well, I have a 6575 short I'm happy with ATM...

Haven't spoke to Bob in years....LOL
Oh i saw him tonight and had a 2 middies of old with him. He said he thought he rememberd you..somthing about a shelia he stole off you and to give you his regards,and he hoped there was no hard feelings.. He lent me 2 bob to cover that bet..IF i lose will post it..Gees it broke that 600 mark like a rocket hey..hope you moved your stop up before it was 2 late..
I took a punt on it at 6516 when it was obvious on the live usdindex what was going on.. Just closed it for 120 or so.... I reckon 76 or75 on the UDindex before its finished.. what do you think.well all the best MATE.. hope you are still in the trade.. must top out soon.Hey????
2 traders viewing now