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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #561
  • Mar 22, 2009 5:46pm Mar 22, 2009 5:46pm
I believe GU will lead the PA for GJ

Quoting OrionsWay
geppy i agree, cable this one maybe short lived


i think maybe cable tests 4680-4700 and makes another run at hi 39's but also not in cable trade so dont care LOL

blue boxes
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  • #562
  • Mar 22, 2009 7:59pm Mar 22, 2009 7:59pm
Quoting wormboy
Okay. Took a position for dragon. In for the long haul hopefully.
Albeit premature, the inverted H&S on multiple timeframes have me convinced to take this trade; 6 hours (post #496 4 hour). And on the 6hr, it seems price failed to breach and close below tl4 so atm the bearish continuation is fading fast. The overlay also shows that usd jpy had managed to close above the 95. level (28th Oct 08 support).
Should price close below tl4, I will end this trade. And as usual stops will be amended periodically.
Let's see how this unfolds.

[b][u][email protected]...
Stops amended.
[email protected] [email protected] [0.3 lotsize]

Good morning guys.
The chart attached is a follow up to post #500. As long as UJ 95. support holds, dragon is not going south. I'm still bearish cable, bullish dragon. Good luck everyone
Attached Image (click to enlarge)
Click to Enlarge Name: GEPPYDAY2.JPG Size: 143 KB
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  • #563
  • Mar 22, 2009 9:23pm Mar 22, 2009 9:23pm
Quoting OrionsWay
geppy i agree, cable this one maybe short lived


i think maybe cable tests 4680-4700 and makes another run at hi 39's but also not in cable trade so dont care LOL

blue boxes
I am close to your analyses, a little different cable looks like will make 1.4650 and will go down to 1.4050 for now anyway
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 32 KB
  • #564
  • Mar 22, 2009 9:34pm Mar 22, 2009 9:34pm
As a part of my play analysis, I do base play ranges, gains and losses as not only a single chart but in chart relations. I typically stay with GBP/USD and EUR/JPY giving me decent play ranges and plays that I typically base strength and weakness for longs and short plays on the EUR/GBP chart.

As a part of my analysis, studying the E/G chart allows me to play single lots on the weaker and double on the stronger in favor of the direction while still allowing for scalping and draw backs on both charts.

In a not so unique situation, I believe over the next couple of weeks for the pairs to work not so much in relation to each other. Where as typical playing GBP/USD as a long when EG favors GBP, gains are in favor on longs playing GU in a long situation and EJ in the short, and vice versa, both moving in the same direction at the same time. After studying the 4 play pairs, GU, EU, GJ, EJ and looking at the EG chart, it would seem that the GBP will be a favorable long play, but would also seem as though EUR might be getting close to toppy and looking for the back.

In a time like this, I will play a soft hedge. Soft hedge as I am not hedging a single chart or play, but more a strong pair vs. the weaker. I have went long double position on GU, GJ, and short on EU, EJ.

Admitadly this seems like a gamble or somewhat of a juvinile play style, but can assure you that it is no different than playing the 4 charts or even the single EG as independants. This play will be held throughout the week, and as I haven't confirmation on short cycle for the EUR, will be played as a safety net for GBP which has had its strength over the last week, but can and will slide on whim. If my analysis is correct and only favors the one pair, I am covered on large spikes in either direction, if correct on both sides, will gain on 4 plays. If I am flat out wrong, can always exit the trades as long or short cycles confirm, still being somewhat covered on all sides.

I have posted a simple chart on EG, daily, my reason for the soft hedge.

This is one set of plays that will be held for a duration and will be in addition to other plays as they confirm in respective time cycles.

As I have specific target ranges in my chart analysis for each of the plays independant, will rely on the EG as my roadmap and will not set T/P or S/L on any of the 4x2 lotted plays.
Attached Image (click to enlarge)
Click to Enlarge Name: EG.JPG Size: 115 KB
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  • #565
  • Mar 22, 2009 9:47pm Mar 22, 2009 9:47pm
Quoting sofia101
I am close to your analyses, a little different cable looks like will make 1.4650 and will go down to 1.4050 for now anyway
Sophia. Just a quick question. I was wondering where you derive the red horizontal lines on your chart. The top resistance is self explanatory but I am wondering if for the bottom one are you using the levels from jan 28-feb 18 or from some other time period. just curious!!! Jim
  • #566
  • Mar 22, 2009 10:09pm Mar 22, 2009 10:09pm
Quoting jsj1970
Sophia. Just a quick question. I was wondering where you derive the red horizontal lines on your chart. The top resistance is self explanatory but I am wondering if for the bottom one are you using the levels from jan 28-feb 18 or from some other time period. just curious!!! Jim
Jim I have a different system to do analyses ,but I really don't want to showed it yet ,(because I am trying something new)so lets say it is from my crystal ball
  • #567
  • Mar 22, 2009 10:19pm Mar 22, 2009 10:19pm
no problem sofia!!!
  • #568
  • Mar 22, 2009 11:44pm Mar 22, 2009 11:44pm
If the price closes on the 4 hr below 4478, I think we head down here.

AJ
  • #569
  • Mar 22, 2009 11:58pm Mar 22, 2009 11:58pm
Quoting donutman_111
If the price closes on the 4 hr below 4478, I think we head down here.

AJ
Total agreement Dman!!!
  • #570
  • Mar 23, 2009 3:13am Mar 23, 2009 3:13am
Will it go south yet?




Quoting jsj1970
Good day boys and gals!!! On long term time frames I am still seeing it moving south again. Have'nt got a tp yet. working on that just started charting from the ffri close.
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  • #571
  • Mar 23, 2009 3:37am Mar 23, 2009 3:37am
Breakout & second order triggered. Let's see if this beast could test 141 level today. Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: GEPPYDAY2A.JPG Size: 141 KB
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  • #572
  • Mar 23, 2009 3:51am Mar 23, 2009 3:51am
Quoting wormboy
Okay. Here it is. The very thing that is holding me from loading my longs. The Daily trendline. One final go at her. Will turn & load longs from here on if she clears above the trendline.

short@4502 sl@4802 [0.2 lotsize]
Good luck
I had closed cable trade as it seems there is a lot of buying pressure building & I'm not going to take unnecessary risk of a larger loss.

short@4502 close@4557

No trade planned for this pair atm. Let's see what ny session brings.
Thank You
  • #573
  • Mar 23, 2009 4:05am Mar 23, 2009 4:05am
Dragon is soaring ...
Thank You
  • #574
  • Mar 23, 2009 4:15am Mar 23, 2009 4:15am
Follow up to post #496. Will be looking ahead towards 141.7 level. Will also be looking to add at a bounce off the 139.5 support level should price retrace.
Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gep4.JPG Size: 90 KB
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  • #575
  • Mar 23, 2009 6:29am Mar 23, 2009 6:29am
Quoting wormboy
Okay. Took a position for dragon. In for the long haul hopefully.
Albeit premature, the inverted H&S on multiple timeframes have me convinced to take this trade; 6 hours (post #496 4 hour). And on the 6hr, it seems price failed to breach and close below tl4 so atm the bearish continuation is fading fast. The overlay also shows that usd jpy had managed to close above the 95. level (28th Oct 08 support).
Should price close below tl4, I will end this trade. And as usual stops will be amended periodically.
Let's see how this unfolds.

[email protected]...
Stops currently amended.

1. [email protected] [email protected]
2. [email protected] [email protected]
3. PO [email protected] [email protected]

141.7 level now is currently tested. Let's see if it holds. Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: GEP6.JPG Size: 144 KB
Thank You
  • #576
  • Mar 23, 2009 6:49am Mar 23, 2009 6:49am
Great trading Wb,I have missed the move due to my real job limitations right now,its funny im still not confident enough to leave resting orders yet I know this is the professional way to trade.
anyway hope to be around more next week on....



Quoting wormboy
Stops currently amended.

1. [email protected] [email protected]
2. [email protected] [email protected]
3. PO [email protected] [email protected]

141.7 level now is currently tested. Let's see if it holds. Good luck
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 100) lfxjpy weekly,23 march.gif Size: 23 KB
Click to Enlarge Name: 100) lfxjpy h4,,23 march.gif Size: 27 KB
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  • #577
  • Mar 23, 2009 7:29am Mar 23, 2009 7:29am
Quoting Bones
Great trading Wb,I have missed the move due to my real job limitations right now,its funny im still not confident enough to leave resting orders yet I know this is the professional way to trade.
anyway hope to be around more next week on....
Thanks tony
A lot of luck really. Didn't expect it to climb this much for a day, but then again, should never discount such move when it comes to this crazy pair lol.
Gonna take half of my position off the table methinks. Too much too soon, somewhat got me spooked. Anyway, I think you're gonna get to catch the next ride tho, after this pullback. Good luck mate
Thank You
  • #578
  • Mar 23, 2009 8:08am Mar 23, 2009 8:08am
Quoting Magix
As a part of my play analysis, I do base play ranges, gains and losses as not only a single chart but in chart relations....
Got lucky on speculation and Cashed in early...Took 538 on all trades and will wait for another entry perhaps on this same play or perhaps on the individual charts.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #579
  • Mar 23, 2009 11:16am Mar 23, 2009 11:16am
Okay , I'm off. Terrible headache today, I'm gonna hit the sack early. Took half of my position off the table and let the rest run. I'll update the trades later. Btw, here's what the daily looks like atm. Good luck everyone & goodnite
Attached Image (click to enlarge)
Click to Enlarge Name: untitled11.JPG Size: 91 KB
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  • #580
  • Mar 23, 2009 11:45am Mar 23, 2009 11:45am
Quoting wormboy
Okay , I'm off. Terrible headache today, I'm gonna hit the sack early. Took half of my position off the table and let the rest run. I'll update the trades later. Btw, here's what the daily looks like atm. Good luck everyone & goodnite

Nice call wormboy, like I said
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