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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #601
  • Mar 24, 2009 6:18am Mar 24, 2009 6:18am
Quoting daffy
There's still two hours to go on the last candle, but if it closes anything like that, and based on the prior two candles, I think we might need to go down before we go up to pick up some more buyers.
Nice one mate . But assuming the candle finish the way you mentioned, how far do you reckon the pullback will be? I'm assuming not below 4600 level tho. Because the way I look at it, since 4600 resistance level is now broken, it should provide similarly tough support as it did when it was the resistance.
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  • #602
  • Mar 24, 2009 6:25am Mar 24, 2009 6:25am
Agreed, I've got resistance/support at the 4580 area, so I'd be looking at PA once we get there to see where we're going. You'd also be expecting a pullback given how stubborn that level was, it needs at least one retest to confirm we have broken through it imo.
  • #603
  • Mar 24, 2009 6:39am Mar 24, 2009 6:39am
Quoting daffy
Agreed, I've got resistance/support at the 4580 area, so I'd be looking at PA once we get there to see where we're going. You'd also be expecting a pullback given how stubborn that level was, it needs at least one retest to confirm we have broken through it imo.
Sounds good to me. If she dips that far, I could add to my longs ..
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  • #604
  • Mar 24, 2009 7:17am Mar 24, 2009 7:17am
To me, I believe the problem here is the Daily DTL that is giving fits. We all know that 4650 is very strong support and has been tested several times this morning. Once we clear the DTL we should climb.

Aj
  • #605
  • Mar 24, 2009 7:23am Mar 24, 2009 7:23am
Quoting donutman_111
To me, I believe the problem here is the Daily DTL that is giving fits. We all know that 4650 is very strong support and has been tested several times this morning. Once we clear the DTL we should climb.

Aj
Completely agree with you my friend.
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  • #606
  • Mar 24, 2009 7:29am Mar 24, 2009 7:29am
I hate these long trend lines drawn from out around Pluto.... I just pulled mine in and found it moved again. So, its best guess from me, unless someone out there that has more precise software.LOL

Quoting wormboy
Completely agree with you my friend.
  • #607
  • Mar 24, 2009 7:32am Mar 24, 2009 7:32am
Quoting wormboy
Took a small position on this pair. Am bored

[email protected] [email protected] [email protected] [0.1 lotsize]
Position closed @3538.
That's a week's worth of gas for me lol. I'm off so, I don't intend to take this trade the way I am with cable & dragon. Lucky me it's in +ve.
Okay guys I'm off now, need to get up early tomorrow for a drive up north. Need the energy. Catch you guys ny session tomorrow. Good luck!
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  • #608
  • Mar 24, 2009 7:40am Mar 24, 2009 7:40am
Quoting wormboy
Third & final PO triggered. My previous entries stops are also amended prior to the 141.7 major resistance level breach. Should Usd Jpy 97.5 support on the 6hrly & 141.7 on the daily holds, dragon is in for a major move upwards towards the projected targets highlighted on the daily.

1. [email protected] [email protected]
2. [email protected] [email protected]
3. [email protected] sl@ 141.2

Good luck everyone
GBP JPY

Stops amended.
1. [email protected] [email protected]
2. [email protected] [email protected]
3. [email protected] [email protected]

Won't be around to check on this beast tomorrow, so I might as well
Okay, now I'm off. Bye guys.
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  • #609
  • Mar 24, 2009 7:43am Mar 24, 2009 7:43am
Yea its on the chart I posted,I opened on daily close last night,Im going to let it ride for the day and see what we look like tonight.

Quoting wormboy
Thanks brother
You didn't wait for the pullback ... so that means you took the trade? It'll be about 400 points if you did take it from yesterday.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #610
  • Mar 24, 2009 12:36pm Mar 24, 2009 12:36pm
cable update chart took shorts 4707, would like to target magenta box, but not sure how weak this is just yet

covered some geppy and yen longs @ 144.50 and 98.25

will be adding to those remaining positions on the dipper
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"Millionaires don't use astrology, billionaires do"
  • #611
  • Mar 24, 2009 5:14pm Mar 24, 2009 5:14pm
I am going to sell EUR/CHF @ 1.5185 with stop @ 1.5285 and T/P @ 1.5009

AJ

Trade at your own risk
  • #612
  • Mar 25, 2009 5:20am Mar 25, 2009 5:20am
Quoting wormboy
GBP JPY

Stops amended.
1. [email protected] [email protected]
2. [email protected] [email protected]
3. [email protected] [email protected]

Won't be around to check on this beast tomorrow, so I might as well
Okay, now I'm off. Bye guys.
Right, two out of my three positions had been stopped out, +ve nonetheless so no complaints. Will let the remaining position run regardless. The move was expected as you do not go a thousand points up with no pullback. So unless 141.7 major support is fully breached, there is no cause for concern for buying. Personally, I'll be looking to add to my position @141.7 test or 143.0 break. Will sell should price close below the 141.7 support. Usd Jpy 97.5 support is also currently tested, we'll se how that turns out.
Good luck
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  • #613
  • Mar 25, 2009 6:01am Mar 25, 2009 6:01am
Okay, just like dragon, I have no cause for concern to go short just yet.
Price is still ranging within the 4600 support level.
Good luck everyone
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  • #614
  • Mar 25, 2009 6:06am Mar 25, 2009 6:06am
With the buy back up on Eur/GBP, it completes criteria for the short. The chart is a very common pattern you will notice on directional changes, completion of the formation is the buy back up and hold below 7Ma.

I have entered back into my soft hedge on single lot positions, as the day is early yet, and can always add throughout the day and tomorrow upon further confirmation. This soft hedge has netted me 750+ pips on the week, some single lots, some double lots, in addition to other chart plays.

Currently
Long GU 1.4597, GJ 1.4281.
Short EU 1.3507, EJ 1.3213.

Best o luck on the balance of the week.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #615
  • Mar 25, 2009 7:29am Mar 25, 2009 7:29am
Quoting Magix
With the buy back up on Eur/GBP, it completes criteria for the short....
Added second lot to all trades on the spike. Weeeeeeeeeeeeeeeeee.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #616
  • Mar 25, 2009 12:16pm Mar 25, 2009 12:16pm
Quoting wormboy
Third & final PO triggered. My previous entries stops are also amended prior to the 141.7 major resistance level breach. Should Usd Jpy 97.5 support on the 6hrly & 141.7 on the daily holds, dragon is in for a major move upwards towards the projected targets highlighted on the daily.

1. [email protected] [email protected]
2. Position closed
3. Position closed

Good luck everyone
Welp, that's the final position taken out. I'll sit on my hands for now and watch how it develops. Let's see if 141.7 support holds.
Good luck
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  • #617
  • Mar 25, 2009 1:10pm Mar 25, 2009 1:10pm
Quoting wormboy
Okay, just like dragon, I have no cause for concern to go short just yet.
Price is still ranging within the 4600 support level.
Good luck everyone
Hey Wormboy,

How's it going! I agree with your analysis and possible targets there on the cable... Talk to you later!
Patience + Discipline - Greed = Success
  • #618
  • Mar 25, 2009 1:32pm Mar 25, 2009 1:32pm
Quoting Infinity
Hey Wormboy,

How's it going! I agree with your analysis and possible targets there on the cable... Talk to you later!
Hey brother, I'm doing good Good to know we're on the same page regarding cable. Ok see you later. That ladies & gents, was a quickie lol
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  • #619
  • Mar 25, 2009 2:54pm Mar 25, 2009 2:54pm
Quoting wormboy
Hey brother, I'm doing good Good to know we're on the same page regarding cable. Ok see you later. That ladies & gents, was a quickie lol
Patience + Discipline - Greed = Success
  • #620
  • Mar 25, 2009 3:14pm Mar 25, 2009 3:14pm
Okay, riding the beast again. The close on my 6hrly was above the 141.7 support level and with a hammer formation. Possible reversal in the works.
The usd jpy also closed above the 97.5 support, & since the correlation between the pairs had been spot on of late, I'm not going to hesitate to take on this trade.Should price close below 141.7 support, I will end this trade. Let's see how this goes. Good luck

GBP JPY

[email protected] [email protected] (sl will be amended once price close in on 144.75 level) [0.3 lotsize]
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