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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #321
  • Mar 13, 2009 5:08am Mar 13, 2009 5:08am
GBP_USD Spot.png

capped at 61% last fibo swing, a PIN now seen, and also at previous support,which may turn ressistance.....keep watching.

baz
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  • #322
  • Mar 13, 2009 5:09am Mar 13, 2009 5:09am
Hey Jim,
137 levels holding off the bulls. I am so tempted to go right now
And Euro Jpy has that monster pin on the 4hrly. arghhhhh decisions decisions
Thank You
  • #323
  • Mar 13, 2009 5:10am Mar 13, 2009 5:10am
Quoting wormboy
Nah mate, those two losses were last two trades I placed yesterday. Only 0.2 & 0.3 lotsize trades. No serious damage to the account

That’s a relief

  • #324
  • Mar 13, 2009 5:12am Mar 13, 2009 5:12am
Quoting baz
GBP_USD Spot.png

capped at 61% last fibo swing, a PIN now seen, and also at previous support,which may turn ressistance.....keep watching.

baz
Baz, is that the same resistance level @4030 that I have?
Thank You
  • #325
  • Mar 13, 2009 5:18am Mar 13, 2009 5:18am
Quoting wormboy
Baz, is that the same resistance level @4030 that I have?
the zone is between 3980 & 4050 ish
the 2 hr is still showing strength...
it is FRIDAY as well....so be careful......i took profits on my long and now flat

baz
  • #326
  • Mar 13, 2009 5:22am Mar 13, 2009 5:22am
I got to run my child to school, I will wait for U.S. Trade balance.

J


Quoting wormboy
Hey Jim,
137 levels holding off the bulls. I am so tempted to go right now
And Euro Jpy has that monster pin on the 4hrly. arghhhhh decisions decisions
  • #327
  • Mar 13, 2009 5:22am Mar 13, 2009 5:22am
Quoting wormboy
Baz, is that the same resistance level @4030 that I have?
GBP_USD Spot.png.

2 hr View....completes in 1hr 40 minutes time.
if you look to the left side of chart,you can make out the values ..just

baz
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  • #328
  • Mar 13, 2009 5:24am Mar 13, 2009 5:24am
Alright thanks baz. Funny thing isn't it. Just the other day I pointed the dragon might bounce off 133 from my old support level & rgitt05 had the same region using his fibs. Today here we are again, except on cable.
Thank You
  • #329
  • Mar 13, 2009 5:31am Mar 13, 2009 5:31am
Quoting wormboy
Alright thanks baz. Funny thing isn't it. Just the other day I pointed the dragon might bounce off 133 from my old support level & rgitt05 had the same region using his fibs. Today here we are again, except on cable.
i will wait for US news to come out,and consider options after that.....there is always another day....no hurry really...
trade safe

baz
  • #330
  • Mar 13, 2009 5:36am Mar 13, 2009 5:36am
Looks like a rough Head and Shoulders here and if that is the case, a very profitable one. Check this out Worm and let me know your comments. Looks like a break of say... 141.66, then the next Daily high of 148.60


AJ
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  • #331
  • Mar 13, 2009 5:45am Mar 13, 2009 5:45am
Quoting donutman_111
Looks like a rough Head and Shoulders here and if that is the case, a very profitable one. Check this out Worm and let me know your comments. Looks like a break of say... 141.66, then the next Daily high of 148.60


AJ
I agree Jim. I have an eye on that for dragon & cable. The iverted h&s had been building for weeks. A few weeks back there were many who called for long on that formation but they were too early. I'll post my charts which I have on this with the levels that I think is critical before going long is an option. I'll do that once I get home. Catch you later!
Thank You
  • #332
  • Mar 13, 2009 5:48am Mar 13, 2009 5:48am
Time to take the kids to school, be back in 1 Hr or so.

AJ

Quoting wormboy
I agree Jim. I have an eye on that for dragon & cable. The iverted h&s had been building for weeks. A few weeks back there were many who called for long on that formation but they were too early. I'll post my charts which I have on this with the levels that I think is critical before going long is an option. I'll do that once I get home. Catch you later!
  • #333
  • Mar 13, 2009 5:49am Mar 13, 2009 5:49am
I just can't resist the temptation. Check out that monster pin on the previous 4hr close, I don't have charts up in the office.

[email protected] [email protected] 0.5 lotsize
I'll amend my stop once we close 126.00

See you guys later
Thank You
  • #334
  • Mar 13, 2009 6:23am Mar 13, 2009 6:23am
GBP_USD Spot.png

ok i will leave with this one on 4 hr......obviously we dont just trade off emas,BUT the 89 ema has capped prices before.

baz
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Click to Enlarge Name: GBP_USD Spot.png Size: 13 KB
  • #335
  • Mar 13, 2009 7:38am Mar 13, 2009 7:38am
This could turn into a hanging man here on the 4. Or even maybe Hammer time
  • #336
  • Mar 13, 2009 8:30am Mar 13, 2009 8:30am
Quoting wormboy
I just can't resist the temptation. Check out that monster pin on the previous 4hr close, I don't have charts up in the office.

[email protected] [email protected] 0.5 lotsize
I'll amend my stop once we close 126.00

See you guys later
This is the chart for the trade taken.
Attached Image (click to enlarge)
Click to Enlarge Name: EY4.JPG Size: 78 KB
Thank You
  • #337
  • Mar 13, 2009 9:03am Mar 13, 2009 9:03am
This is the chart to explain as to why I keep mentioning that I needed a price closing above 4030 level for me to close my short on cable. The Daily hopefully could shed some light to some as to why I am still defiant & refuse to go long just yet. (No, I'm not crazy , I just don't trade against the trend). All the levels are highlighted and I have pointed out as to when I will turn bullish on this pair. There are few other important levels such as 4150 that I had not highlighted there. I will do so with an hourly chart. The guys who had read Dr. Elder's book understands this (3 chart system).
I am still bearish on cable. Like I said, my charts will tell me when to turn.
Atm my short on cable is still open.
Good luck

p/s: Jim, I'll have the dragon's chart up in a bit. Dinner time.
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Click to Enlarge Name: GUDAY.JPG Size: 104 KB
Thank You
  • #338
  • Mar 13, 2009 9:09am Mar 13, 2009 9:09am
You all have a nice weekend I am done for today don't want to try my luck anymore on Friday the 13 ,p.s. cable still could go ether way it's still in a flat,cheers
  • #339
  • Mar 13, 2009 9:12am Mar 13, 2009 9:12am
Bye Sofia, have a great weekend
Thank You
  • #340
  • Mar 13, 2009 10:56am Mar 13, 2009 10:56am
Jim, this is my take on dragon at the moment. I am still bearish towards this beast until 141.7 level is taken out. Both charts shows dragon's failure to breach the 137 level we were talking about. So at the moment I am looking for dragon to test the lows of 133.25 levels again instead of going up.
I have also presented my projected support & resistance levels.
Have a good one
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: dragonday.JPG Size: 107 KB
Thank You
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