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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #1,001
  • Apr 23, 2009 11:55pm Apr 23, 2009 11:55pm
Quoting wormboy
Okay bro, I don't trade this pair but I use the overlay for this pair to trade my baby dragon - GBP JPY, as this pair most of the time dictates the movement of the the dragon instead of the cable as most people think.
If you look at the daily, we're trapped in the bottleneck & it gets tighter as we get closer to the end. Price seems atm is testing the the ltl and should price close below the line (likely price breach below 95. psychological support, then this pair could spiral down). The level could be seen better on the 4hour chart. However, currently...
I think I know your trick! Something I used to get long on the cable rise we just had!
  • #1,002
  • Apr 24, 2009 12:23am Apr 24, 2009 12:23am
Quoting wormboy
Stop amended for the remaining position.

1. long @142.02 sl @142.25
Okay, my remaining position for this pair had been stopped out.

1. long @142.02 closed @142.25
Thank You
  • #1,003
  • Apr 24, 2009 12:28am Apr 24, 2009 12:28am
Taking a position on cable. Should be my only trade for today to end the week. Two attached charts, one which was plot & planned earlier. Time to work the plan, let's see how this goes.

GBP USD

1. long @4649 sl @4500

Good luck
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cabe4A.JPG Size: 86 KB
Thank You
  • #1,004
  • Apr 24, 2009 12:31am Apr 24, 2009 12:31am
Quoting jack.canadia
I think I know your trick! Something I used to get long on the cable rise we just had!
I'll never doubt your ability my friend. Your analysis & trade calls had been impressive
Thank You
  • #1,005
  • Apr 24, 2009 1:05am Apr 24, 2009 1:05am
Azim thats what I see and I am short on cable and dragon too.My SL on the red line
Attached Image (click to enlarge)
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  • #1,006
  • Apr 24, 2009 1:13am Apr 24, 2009 1:13am
Quoting sofia101
Azim thats what I see and I am short on cable and dragon too.My SL on the red line
Okay, too bad we're going the opposite directions
This is my final trade for this month & I'm gonna take the rest of the month off from trading beginning monday to prepare for the big day which is right around the corner. Plus, my monthly target had been exceeded.
Anyway, good luck with your trade sofia
Thank You
  • #1,007
  • Apr 24, 2009 1:18am Apr 24, 2009 1:18am
Quoting wormboy
Okay, too bad we're going the opposite directions
This is my final trade for this month & I'm gonna take the rest of the month off from trading beginning monday to prepare for the big day which is right around the corner. Plus, my monthly target had been exceeded.
Anyway, good luck with your trade sofia
Yes this week was different and we are an opposite sides ,but it will not stop me to wish you good luck and not only in your trade ,but in your BIG DAY
  • #1,008
  • Apr 24, 2009 2:36am Apr 24, 2009 2:36am
Quoting wormboy
Okay bro, I don't trade this pair but I use the overlay for this pair to trade my baby dragon - GBP JPY, as this pair most of the time dictates the movement of the the dragon instead of the cable as most people think.
If you look at the daily, we're trapped in the bottleneck & it gets tighter as we get closer to the end. Price seems atm is testing the the ltl and should price close below the line (likely price breach below 95. psychological support, then this pair could spiral down). The level could be seen better on the 4hour chart. However, currently...
thanks bro
man i love the way u do your trendlines, simply and effective and easy to see good stuff bro
  • #1,009
  • Apr 24, 2009 3:01am Apr 24, 2009 3:01am
Quoting sofia101
Azim thats what I see and I am short on cable and dragon too.My SL on the red line
I shorted right before falling at 4677

My TP today is 4577 (+100)

Stop is already locking in pips before the news.
  • #1,010
  • Apr 24, 2009 4:10am Apr 24, 2009 4:10am
monthly on this pair looking very interesting, i will see what happens at end of month...this is certainly on the watch list
Attached Image (click to enlarge)
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  • #1,011
  • Apr 24, 2009 4:52am Apr 24, 2009 4:52am
Quoting nAVIN2007
monthly on this pair looking very interesting, i will see what happens at end of month...this is certainly on the watch list
Hi Nav,

Yeah the pin forming on the monthly is gonna be huge.
  • #1,012
  • Apr 24, 2009 4:55am Apr 24, 2009 4:55am
Quoting stewrigh
Hi Nav, Wb,

I think we have a concensus on EP - Look at the H8 Lots of previous support areas. My thinking is that it'll turn north but maybe not till around 87.

Lets see.

Attachment
we looking good buddy ....but i definately need to review my targetso far so good...weekly is bullish now and will remain i hope, but monthly is looking very sour (hanging man possibly)
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  • #1,013
  • Apr 24, 2009 4:57am Apr 24, 2009 4:57am
Quoting stewrigh
Hi Nav,

Yeah the pin forming on the monthly is gonna be huge.
absolutely and the large the wick the better..could be a very profitable trade
  • #1,014
  • Apr 24, 2009 5:23am Apr 24, 2009 5:23am
im long at 4540 SL is 4500 i m with u Azim and sure it will hit our tp


Ub
  • #1,015
  • Apr 24, 2009 5:24am Apr 24, 2009 5:24am
The retail figures for the GBP were up moderately in March. This is mainly because of textile goods such as clothing and footware. Household goods sold by small business owners fell, such as DVD's etc.

Despite the rise, the figure still fell below yearly forecasts.

I am bearish. I see another touch of 1.45 on the cards coming up, maybe today. From that point, we'll see how price reacts: whether there is a sharp bounce, or whether price lingers and breaks through, driving it further down.
Attached Image (click to enlarge)
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Probability Professor
  • #1,016
  • Apr 24, 2009 6:15am Apr 24, 2009 6:15am
i went long

entery =1.46249 SL=1.45779 TARGET=1.47419
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  • #1,017
  • Apr 24, 2009 6:21am Apr 24, 2009 6:21am
Quoting nAVIN2007
i went long

entery =1.46249 SL=1.45779 TARGET=1.47419
That's funny, that's the exact point at which I went short.
Attached Image
Probability Professor
  • #1,018
  • Apr 24, 2009 6:36am Apr 24, 2009 6:36am
Quoting Galation
That's funny, that's the exact point at which I went short.
i think i should have followed u...damnit scalping just isnt for me...to many indesive candles, i should have waited

im thinking it should act as support thou
Attached Image (click to enlarge)
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  • #1,019
  • Apr 24, 2009 6:57am Apr 24, 2009 6:57am
Quoting nAVIN2007
i think i should have followed u...damnit scalping just isnt for me...to many indesive candles, i should have waited

im thinking it should act as support thou
Just stick with what is easiest. You're not here to trade to adrenaline rushes, you trade to make money.

In my opinion it is less risky to trade on larger time frames, and that's the name of the game, risk management and probabilities of a winning trade.

The fact is, price can go any which way, even if one is certain it will go in a particular direction, it could go the opposite. Myself, I prefer larger time frames, as I don't like watching the trade every second.

But the bottom line is, you are a good trader.
Probability Professor
  • #1,020
  • Apr 24, 2009 8:44am Apr 24, 2009 8:44am
Quoting wormboy
Taking a position on cable. Should be my only trade for today to end the week. Two attached charts, one which was plot & planned earlier. Time to work the plan, let's see how this goes.

GBP USD

1. long @4649 sl @4500

Good luck
Taking 50% of this trade off the table with the remaining left to work. I'll look to amend the stop before this week's session's closes.

1. long @4649 closed @4752 (50%)

Remaining trade sl remains unchanged for now

1.long @4649 sl @4500
Thank You
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