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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #1,301
  • Jun 10, 2009 6:32am Jun 10, 2009 6:32am
Quoting davids
Does not sound as if you are having much fun today
You think?
Think I'll step away from the screen till later. Good luck guys
Thank You
  • #1,302
  • Jun 10, 2009 6:38am Jun 10, 2009 6:38am
Quoting sycho
a nice bullish pin nbar on the hrly,this happened on an expanding bullish volume,a clear sign of higher price to come...here is a chart,i think we see above 160..deep into 161-162 or higher...
we just broke back into the main thread lets see if she sustains in there...
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Imanuel Parsifal
  • #1,303
  • Jun 10, 2009 7:46am Jun 10, 2009 7:46am
Hey wormboy, are you still taking a break from cable? It's getting interesting. Am waiting for it to break 1.6340 to resume downtrend. Did you short just now?
  • #1,304
  • Jun 10, 2009 8:17am Jun 10, 2009 8:17am
Quoting daffy
Here's what I spy on the usdx.

Morning star on the hourly, at a former resistance turned support, but, we hit a descending trendline which is acting as resistance.

We might not get a decision until the trade balance news though.
id wait till we make higher lows and highs..also with regards to morning star on 1hr it just means we found a semi good support, would hardly call it a trend change, but with this market one will never know...lol

good luck bro with the trading..
  • #1,305
  • Jun 10, 2009 8:56am Jun 10, 2009 8:56am
Quoting 4cfx
Hey wormboy, are you still taking a break from cable? It's getting interesting. Am waiting for it to break 1.6340 to resume downtrend. Did you short just now?
i dont think shorting so soon would be a wise idea..and for g/j i see some stranght to push into 162 area,b/4 we crash to 140area..let's see how she play's out...
Imanuel Parsifal
  • #1,306
  • Jun 10, 2009 9:03am Jun 10, 2009 9:03am
Quoting sycho
i dont think shorting so soon would be a wise idea..and for g/j i see some stranght to push into 162 area,b/4 we crash to 140area..let's see how she play's out...
yes i agree, have to remember we making higher lows, and the last 4hr through to monthly is bullish...to consider a short we at least got to have a dailly bearish bar otherwise i just see it as a retracement...

may the pips be with us...
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  • #1,307
  • Jun 10, 2009 9:09am Jun 10, 2009 9:09am
Quoting wormboy
What do you mean like everyone else?? Haven't you noticed almost everyone & their dog in this forum are making a kajillion dollars a trade except us losers?

anyway good to hear your trades are working out bro. I think you being out of live trading right now is a blessing tho. Very difficult to tweak trade systems while on live I must say. I'm in the process of reworking my stops per trade since yesterday & it is a bitch trying to do so I must admit. Think I'll leave it be for the time being & work my way up to 10% for this month's gains...
people always going to say they winning thou losing, ego in trading is a big flaw..one must accept what one sees otherwise always live a life of illusion

in short f**k em not like we dont know the truth

be lucky friend ..
  • #1,308
  • Jun 10, 2009 9:12am Jun 10, 2009 9:12am
Quoting nAVIN2007
yes i agree, have to remember we making higher lows, and the last 4hr through to monthly is bullish...to consider a short we at least got to have a dailly bearish bar otherwise i just see it as a retracement...

may the pips be with us...
Cable 4H chart has a doji for last period and current period is pretty bearish with another 50 minutes to go. But it still needs to break 6348 to have a chance to the downside.
  • #1,309
  • Jun 10, 2009 9:21am Jun 10, 2009 9:21am
Quoting nAVIN2007
people always going to say they winning thou losing, ego in trading is a big flaw..one must accept what one sees otherwise always live a life of illusion

in short f**k em not like we dont know the truth

be lucky friend ..
A President of a democracy is a man who is always ready, willing, and able to lay down your life for his country.

A backscratcher will always find new itches; a brown-noser will always find new sense.

A bad day fishing is better than a good day at work.

A bird in the bush usually has a friend in there with him.

A bird in the hand is always safer than one overhead.

A bird in the hand is dead.

A bird in the hand makes it hard to blow your nose.

A boss with no humor is like a job that is no fun.

A clean tie attracts the soup of the day.

A closed mouth gathers no foot.
Imanuel Parsifal
  • #1,310
  • Jun 10, 2009 9:29am Jun 10, 2009 9:29am
Hopefully the last trade on the day for me. 3 trades already so far for me today, that's overtrading by my standards lol.
Okay.
Stops will be moved periodically as price gets lower or closed manually should price close above 4100 level.

Euro Dollar

1. short @4030 sl @4215

Good luck Azim
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Thank You
  • #1,311
  • Jun 10, 2009 9:30am Jun 10, 2009 9:30am
might be forming a diamond...i took a cheecky buy..so far so good...

edit: bailed at +14 pips..was a bit to cheeky for me
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  • #1,312
  • Jun 10, 2009 9:34am Jun 10, 2009 9:34am
Quoting 4cfx
Hey wormboy, are you still taking a break from cable? It's getting interesting. Am waiting for it to break 1.6340 to resume downtrend. Did you short just now?
No mate, I'm still waiting on the sidelines. I don't have a signal to short yet atm. But chances are I won't take the trade until my Eu trade is locked in safe. Will keep you posted tho. Good luck
Thank You
  • #1,313
  • Jun 10, 2009 9:46am Jun 10, 2009 9:46am
Quoting nAVIN2007
might be ...
Nav,
I have the tl boxed in yellow as a possible support that needs to be breached before cable has a free ride down. What's your take bro?
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Thank You
  • #1,314
  • Edited 10:37am Jun 10, 2009 10:15am | Edited 10:37am
Quoting wormboy
Nav,
I have the tl boxed in yellow as a possible support that needs to be breached before cable has a free ride down. What's your take bro?
same as yours pretty much, in order to short dailly must give a pin but i dont see cable sinking fast

1.62 i see as a area where it may go up from, look for a pin or something there or a indication to sink
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  • #1,315
  • Jun 10, 2009 10:20am Jun 10, 2009 10:20am
its in consolidation and breakout maybe huge ....waiting game on this one....is my thoughts

1.62 may bounce or go towards lower trendline....best to wait for traingle breakout and retest i reckon

EDIT:what concerns me is: the low on weekly was taken out and this mofo rose..the story isnt clear cut by any means.. it could quite easily break to the upside
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  • #1,316
  • Jun 10, 2009 12:31pm Jun 10, 2009 12:31pm
Quoting wormboy
Hopefully the last trade on the day for me. 3 trades already so far for me today, that's overtrading by my standards lol.
Okay.
Stops will be moved periodically as price gets lower or closed manually should price close above 4100 level.

Euro Dollar

1. short @4030 sl @4215

Good luck Azim
Stop amended & taking 50% of trade off the table

1. short @4030 closed @3954

Remaining position

1. short @4030 sl @4085
Thank You
  • #1,317
  • Jun 10, 2009 2:00pm Jun 10, 2009 2:00pm
Quoting wormboy
Stop amended & taking 50% of trade off the table

1. short @4030 closed @3954

Remaining position

1. short @4030 sl @4085
Excellent stuff Azim!
Patience + Discipline - Greed = Success
  • #1,318
  • Jun 10, 2009 2:11pm Jun 10, 2009 2:11pm
Thanks brother

Alright, gotta hit the sack. Catch you guys London session.
Gnite & good luck everyone.
Thank You
  • #1,319
  • Jun 10, 2009 2:20pm Jun 10, 2009 2:20pm
Quoting wormboy
Thanks brother

Alright, gotta hit the sack. Catch you guys London session.
Gnite & good luck everyone.
nice catch bro...i have been looking at swissy and it appears that it pullback to breakout point and may continue down...but only after this weeks close if it closes bearish

cable may fall and next week flex up...

will be interesting...sleep well brother
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  • #1,320
  • Jun 11, 2009 2:12am Jun 11, 2009 2:12am
Earlier chart :http://www.forexfactory.com/showpost...postcount=1313

Played out perfectly. Now, let's wait for her to blast that bloody support
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Thank You
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