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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #181
  • Mar 10, 2009 8:06pm Mar 10, 2009 8:06pm
Thanks for the invite to the thread Wormboy you asked that I post these thoughts on the forum so here goes

I am trading GBPUSD and USDJPY with a bit of GBPJPY as a secondary pair thrown in, I have been making good money on USDJPY as I think it will get to 100 eventually. The way I see it it will keep going between 96.50 and 99.60 until 100 is broken and then who knows 110 maybe we will have to see.
My views on GBPUSD are as long as there is no sustained bad news coming out of the UK it will try and get to 1.4300, but as there is only bad news these days I think we will see 1.3600 eventually I am not really sure what is holding it up right now.
  • #182
  • Mar 10, 2009 8:23pm Mar 10, 2009 8:23pm
Divergence on the lower charts, may be moving to last low or farther.

AJ
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  • #183
  • Edited 11:45pm Mar 10, 2009 11:02pm | Edited 11:45pm
Quoting Inzider
Hi worm!

---------------
OK! Here a quick view on daily starting from harmonic view and pitchfork.

Price often test S&R.... making those kind of 5 points pattern XABCD.

Starting from 0/100 then correction of 38.2 then 78.6 next target is minimum 11.4% = reverse of 88.6 =...
As "expected" we are now around 1.3671. From there, many option are in front of us...

-We can, reverse to a upper fibs level, most of the time 61.8% of last
move.
-Make a double bottom at 1.35
-Make a 38.2 correction and get to 1.27, 1,618% etxtension
-Get straight to 0, 1.27, 1.618 extentsion.

Notice we are at the middle of a pitchfork median

Possibilities are theorical,.... trading chart is pratical... so let's see.
Been a good day for me today... Happy me...
Attached Image (click to enlarge)
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  • #184
  • Mar 11, 2009 12:18am Mar 11, 2009 12:18am
Quoting sofia101
I see cable rebounding to 1.3810 and then....down
Nice call!
  • #185
  • Mar 11, 2009 1:08am Mar 11, 2009 1:08am
I see you determine double bottom as well.

http://www.forexfactory.com/showpost...&postcount=163



Quoting Inzider
As "expected" we are now around 1.3671. From there, many option are in front of us...

-We can, reverse to a upper fibs level, most of the time 61.8% of last
move.
-Make a double bottom at 1.35
-Make a 38.2 correction and get to 1.27, 1,618% etxtension
-Get straight to 0, 1.27, 1.618 extentsion.

Notice we are at the middle of a pitchfork median

Possibilities are theorical,.... trading chart is pratical... so let's see.
Been a good day for me today... Happy me...
[
  • #186
  • Mar 11, 2009 1:18am Mar 11, 2009 1:18am
Hey!

Yes ! Precisly, if you look at that chart http://www.forexfactory.com/showpost...9&postcount=96

and if you have little knowledge about Gartley Pattern, we got one over daily TF. I expect lower fibs as 4h or 1h, if not yesterday HL fibs extension like 1.3631, 1.3556 to contain down pressure.

Let's see
  • #187
  • Mar 11, 2009 1:24am Mar 11, 2009 1:24am
Quoting davids
Thanks for the invite to the thread Wormboy you asked that I post these thoughts on the forum so here goes

I am trading GBPUSD and USDJPY with a bit of GBPJPY as a secondary pair thrown in, I have been making good money on USDJPY as I think it will get to 100 eventually. The way I see it it will keep going between 96.50 and 99.60 until 100 is broken and then who knows 110 maybe we will have to see.
My views on GBPUSD are as long as there is no sustained bad news coming out of the UK it will try and get to 1.4300, but as there is only bad news...
Keep cashing them in. Nice one mate
Well regarding cable, if you're still in the trade, just keep holding as sofia is & if you're not just stay out of the trade temporarily for this pair. We are no doubt near the monthly support, which in the past had been a rock. Rockbottom if you must , and like Bones mentioned, it certainly does look like a double bottom forming. But, the wise thing to do if you're not in any position for cable is just wait, because we've just cleared 3900 level and we're smack on monthly support. If the double bottom is to play out and materialise, I personally think 3900 resistance must be taken out before considering long. And I'm not too worried about missing out a few hundred points from where we are right now by not going long early. Should the double bottom play out, there is at least a possibility of cashing in 800 to 1000 points. I'll be more worried going long now & having the monthly support taken out and we go on a freefall. Sounds optimistic yes I know, but it's possible. I mean you could just read in cable thread to see what I mean. Or look at the 4hrly chart I attached. We're trading in the descending channel & we have reached the ltl. Now what usually happens is there'll be a bounce or a pullback. There is none. It's incing lower & lower and those who were calling to go long like the other thread had their stops taken out easy.
Critical level this between the 3600[monthly support] & 3900 [daily resistance], no man's land. mm are will exploit this level as much as the can to sucker in those who are uninitiated & greedy. Let's not fall in this trap & just wait for her to show the way.
Rant over Good luck!

p/s: David, this wasn't directed towards you mate. Not to anyone else matter of fact. Just trying to make a point that's all. I apologise if anyone is offended
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Thank You
  • #188
  • Mar 11, 2009 1:24am Mar 11, 2009 1:24am
I read alot about Gartley Patterns, but I rather keep it simple and clear to read with TL, fibs, S/R.

Whatever works for you..

Keep on pipin'

At least we determine the same area..



Quoting Inzider
Hey!

Yes ! Precisly, if you look at that chart http://www.forexfactory.com/showpost...9&postcount=96

and if you have little knowledge about Gartley Pattern, we got one over daily TF. I expect lower fibs as 4h or 1h, if not yesterday HL fibs extension like 1.3631, 1.3556 to contain down pressure.

Let's see
[
  • #189
  • Mar 11, 2009 1:29am Mar 11, 2009 1:29am
Hey inz, got your msg mate. Yup, no trade for me today on cable. I am short dragon from 137.22 & short euro jpy from 125.09 (post #172). We'll see how it goes from here. Good luck my friend
Thank You
  • #190
  • Mar 11, 2009 1:30am Mar 11, 2009 1:30am
Azim, great thread! I took a break from FF for a short bit... This seems to be a place for serious trading and that's a good thing.... too many threads being taken over by riff raff.

I would have posted my view of the GU, but you have already drawn it out above Let's see what happens here in the next few sessions.
  • #191
  • Mar 11, 2009 1:35am Mar 11, 2009 1:35am
Heyyy Gabriel, nice to have you here with us my friend! Been a while innit. Stick around okay, chat with you later. I have to scoot off back to my shop. See you guys later & good luck! Cheers
Thank You
  • #192
  • Mar 11, 2009 1:37am Mar 11, 2009 1:37am
Quoting noblehobo
Azim, great thread! I took a break from FF for a short bit... This seems to be a place for serious trading and that's a good thing.... too many threads being taken over by riff raff.

I would have posted my view of the GU, but you have already drawn it out above Let's see what happens here in the next few sessions.
I did talk to you for a long time.How are you? I hope you are doing well ,call me sometime
  • #193
  • Mar 11, 2009 1:40am Mar 11, 2009 1:40am
Quoting wormboy
Heyyy Gabriel, nice to have you here with us my friend! Been a while innit. Stick around okay, chat with you later. I have to scoot off back to my shop. See you guys later & good luck! Cheers
Good luck to you too,see you later
  • #194
  • Edited 2:22am Mar 11, 2009 1:46am | Edited 2:22am
Quoting wormboy
Hey inz, got your msg mate. Yup, no trade for me today on cable. I am short dragon from 137.22 & short euro jpy from 125.09 (post #172). We'll see how it goes from here. Good luck my friend
Hey!

Happy for you GY finally some move!
The Dragon express his true nature!

Thx for good words, i had a really nice day, same 4 you!
Soon!
  • #195
  • Mar 11, 2009 3:16am Mar 11, 2009 3:16am
Okay my sl is amended here. 0.6 size trade for me on this pair so I am going to lock it safe for now & just ride this beast.

short@ 137.22 sl@ 137.00

Good luck everyone

[edit: po for cable @3950 canceled]
Thank You
  • #196
  • Mar 11, 2009 5:45am Mar 11, 2009 5:45am
Check it out.


Quoting wormboy
Keep cashing them in. Nice one mate
Well regarding cable, if you're still in the trade, just keep holding as sofia is & if you're not just stay out of the trade temporarily for this pair. We are no doubt near the monthly support, which in the past had been a rock. Rockbottom if you must , and like Bones mentioned, it certainly does look like a double bottom forming. But, the wise thing to do if you're not in any position for cable is just wait, because we've just cleared 3900 level and we're smack on monthly support. If the double bottom...
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  • #197
  • Mar 11, 2009 5:51am Mar 11, 2009 5:51am
Ok since we are trading pictures here is mine
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  • #198
  • Mar 11, 2009 7:02am Mar 11, 2009 7:02am
Thanks jim & sofia for posting. I think both posts just somewhat put some weight on my thinking that between 3600 levels & 3900 levels are no man's land if one's not in a trade. The contradicting charts just goes to show. My point is you're still safe if you're holding short & locked in. Neither is right or wrong though in my opinion. Personally I will just follow the money when it's clearly shown to me.
Good luck to you both & trade safe
Thank You
  • #199
  • Mar 11, 2009 7:37am Mar 11, 2009 7:37am
i am currently long, expecting large swing north

res will be that red decending angle above
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"Millionaires don't use astrology, billionaires do"
  • #200
  • Mar 11, 2009 8:07am Mar 11, 2009 8:07am
I'm just calling it how I see it. I believe we will test 3900 today, there is a lot of momentum here. The divergence is the key and there is good 4 Hr divergence here. But, I have been wrong before......Once or Twice.

AJ
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