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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #761
  • Apr 7, 2009 5:13am Apr 7, 2009 5:13am
Quoting wormboy
A follow up to post #751.
Took a small position for this beast.

short @148.89 sl @151.55

As usual stops will be moved periodically.

Good luck
Okay. Taking 1/3 of my position off the table, leaving the remaining to work with stops amended.

1.short @148.89 closed @146.35 [0.1 lotsize]
2.short @148.89 [email protected]

Charts will be updated later. Good luck
Thank You
  • #762
  • Apr 7, 2009 9:22am Apr 7, 2009 9:22am
Quoting wormboy
Hey bro. Thanks, but I'm sure we could do better with your analysis bro
Your take looks spot on to me bcoz tho my bias for cable is now down I will not short cable until the neckline on the shampoo gets taken out. The neckline suprisingly coincides with the tl I have pulled from the beginning of the last surge and concludes at the highlighted area. Quite possibly a good shorting opportunity from there on.
Anyway, my hands are off cable this week. Only dragon & loonie for me this week. Good to have you bro, & good luck to you!
Please refer to the attachment on post #757.
Atm there is no clean break for the h&s to be valid. Till that happens, cable is still bullish. Good luck
Attached Image (click to enlarge)
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Thank You
  • #763
  • Apr 7, 2009 9:49am Apr 7, 2009 9:49am
Quoting wormboy
Please refer to the attachment on post #757.
Atm there is no clean break for the h&s to be valid. Till that happens, cable is still bullish. Good luck
You mean long ride again??


Ub
  • #764
  • Apr 7, 2009 9:57am Apr 7, 2009 9:57am
Quoting wormboy
Okay. Taking 1/3 of my position off the table, leaving the remaining to work with stops amended.

1.short @148.89 closed @146.35 [0.1 lotsize]
2.short @148.89 [email protected]

Charts will be updated later. Good luck
Hey wormy. What was your rationale for closing out part of your position? Did you see something on the charts that spooked you, or was it that your first TP target was hit?
  • #765
  • Apr 7, 2009 10:11am Apr 7, 2009 10:11am
Quoting daffy
Hey wormy. What was your rationale for closing out part of your position? Did you see something on the charts that spooked you, or was it that your first TP target was hit?
Nah mate. The target was already there.
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Thank You
  • #766
  • Apr 7, 2009 10:49am Apr 7, 2009 10:49am
Quoting wormboy
Okay. Taking 1/3 of my position off the table, leaving the remaining to work with stops amended.

1.short @148.89 closed @146.35 [0.1 lotsize]
2.short @148.89 [email protected]

Charts will be updated later. Good luck
Okay. Remaining position got stopped out. Will re evaluate before positioning again

2. short @148.89 closed @148.70
Thank You
  • #767
  • Apr 7, 2009 12:07pm Apr 7, 2009 12:07pm
Okay. Took another small position for this pair. Post #756.

GBP JPY

short @148.08 sl@ 151.50

Let's see how this pans out.
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Thank You
  • #768
  • Apr 7, 2009 5:35pm Apr 7, 2009 5:35pm
Quoting wormboy
Please refer to the attachment on post #757.
Atm there is no clean break for the h&s to be valid. Till that happens, cable is still bullish. Good luck
I agree bro! My daily also closed above this tl I am watching...
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Patience + Discipline - Greed = Success
  • #769
  • Apr 8, 2009 12:36am Apr 8, 2009 12:36am
Good day everyone
We're still heading down. Some wood to chop at 146 level but once we get through we're good. I hope everyone was patient enough yesterday & didn't jump ship too early as there were no sign of us going back up. So let's see how today turns out. Have a good one & good luck
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  • #770
  • Apr 8, 2009 3:29am Apr 8, 2009 3:29am
Cable broke neckline. Shorts looking good.
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Going to make it big by age 21.
  • #771
  • Apr 8, 2009 3:51am Apr 8, 2009 3:51am
Bias unchanged.
Watch for the neckline on the hourly for dragon which is highlighted on the hourly. Good luck

Same chart as posted on post #769. Different workstation & I'm too lazy to plot all those lines again lol. Apologies for the confusion if there's any.
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Thank You
  • #772
  • Apr 8, 2009 2:35pm Apr 8, 2009 2:35pm
Inverted H&S

Long EURUSD 1.3238 Stop loss 3200
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Going to make it big by age 21.
  • #773
  • Edited 9:38pm Apr 8, 2009 9:24pm | Edited 9:38pm
Per my Delta logic, it can not have a triangle wave 4. If it does go to 1.4, then it won't do it a triangle wave 4, but rather we should interpret wave 4 as a flat wave and it has been completed with wave C terminates at 4960.

This means instead of a triangle wave 4, it should accelerate the drop and break lower than 1.35.

That is... IF we go back down to 1.4. In other words, Delta rules out triangle wave 4. Either we are in a flat wave with wave C higher than 4985, or we are in a flat wave with wave C terminates at 4960

But based on Delta's time and logic, I have to conclude we will break above 4985, with the line in the sand at 4110
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Don't chase the market, Let the market come to you
  • #774
  • Apr 8, 2009 9:25pm Apr 8, 2009 9:25pm
Quoting dstryr
Inverted H&S

Long EURUSD 1.3238 Stop loss 3200
look at a 2 hr chart and you will see a H&S but not inverted
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Don't chase the market, Let the market come to you
  • #775
  • Apr 8, 2009 10:07pm Apr 8, 2009 10:07pm
Quoting Tmac
look at a 2 hr chart and you will see a H&S but not inverted
I agree with you Tmac I don't know where they see inverted H&S,LOL
  • #776
  • Apr 8, 2009 10:15pm Apr 8, 2009 10:15pm
Here what I see
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  • #777
  • Apr 9, 2009 3:02am Apr 9, 2009 3:02am
Atm, we're still holding short although we've had a signal for the upside. Many wood to chop before we could comfortably position for long & with the flurry of data due for release today which could possibly cause whipsaws & possibly low trading volume tomorrow, I am somewhat not intrigued with the idea of a reversed position. Will watch pa closely.

Good luck
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Thank You
  • #778
  • Apr 9, 2009 9:04am Apr 9, 2009 9:04am
Quoting wormboy
Okay. Took another small position for this pair. Post #756.

GBP JPY

short @148.08 sl@ 151.50

Let's see how this pans out.
short @148.08 [i]closed[/i]@147.48
Thank You
  • #779
  • Apr 9, 2009 9:08am Apr 9, 2009 9:08am
Quoting wormboy
short @148.08 [i]closed[/i]@147.48
thought you might have given smaller TFs a chance just here, to my eye, dragon is setting up to drop down on the 15M right now.

EDIT: on the otherhand ,it might be drawing a bullish flag, but I don't think it is
  • #780
  • Apr 9, 2009 9:11am Apr 9, 2009 9:11am
Quoting wormboy
Rare trade for me. Let's see how this pans out.

long @2320 sl @2210 tp @2615

Good luck
long @2320 closed@2258.

Closed as I just realised that we're in a bottleneck.
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