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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #1,701
  • Jul 11, 2009 12:25pm Jul 11, 2009 12:25pm
Quoting davids
Yes they can and often do go in opposite directions if the demand for yen is stronger than the demand for gbp then gj will go down at the same time if the demand for gbp is stronger than usd then gu will go up, normally if there is no demand for usd there is very little demand for yen then 2 will ride together, the problem right now with risk aversion as the yen is considered a safe haven there has been very strong demand for yen recently causing this pair to go down

the correlation betwwen gu and gj is 71%

hope this helps
Thanks David,

The attached is part of the reason I am bearish the dollar - although not necessarily bullish Euro or Pound - maybe I need to short the DY - lol.

http://www.financialsense.com/editor...2009/0710.html
  • #1,702
  • Jul 12, 2009 10:22pm Jul 12, 2009 10:22pm
I can take you all to 6055, but that is all. Then decision time. No news so it may bounce around in this triangle the rest of the night. Wormie....LOL


Ne
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 42 KB
  • #1,703
  • Jul 13, 2009 1:03am Jul 13, 2009 1:03am
Quoting wormboy
Stop amended.

GBP JPY

1. short @151.26 sl @149.95

Okay, taking this over the weekend.
I'm outta here. Parrrrrrrrtyyyyyyyyy

GBP JPY

1. short @151.26 stopped @149.95
Thank You
  • #1,704
  • Jul 13, 2009 1:04am Jul 13, 2009 1:04am
Short PO triggered.

GBP JPY

1. Short @149.25 sl @152.45

Thank You
  • #1,705
  • Jul 13, 2009 1:09am Jul 13, 2009 1:09am
Short PO triggered.

GBP USD

1. short @6130 sl @ 6240
Thank You
  • #1,706
  • Jul 13, 2009 1:21am Jul 13, 2009 1:21am
Quoting wormboy
Short PO triggered.

GBP USD

1. short @6130 sl @ 6240
good call bro...

58xx is fine for adding PO of Long?please advice

Ub
  • #1,707
  • Jul 13, 2009 1:35am Jul 13, 2009 1:35am
Quoting ubaidahsan
good call bro...

58xx is fine for adding PO of Long?please advice

Ub
Never be drawn into picking tops/bottoms bro
Only amateurs do that
My heavy support is at 5900 level. Once price close in on that level I will tighten my stops. I will not go long until I see any reason to do so.

Good luck
Thank You
  • #1,708
  • Jul 13, 2009 1:47am Jul 13, 2009 1:47am
Quoting wormboy
Never be drawn into picking tops/bottoms bro
Only amateurs do that
My heavy support is at 5900 level. Once price close in on that level I will tighten my stops. I will not go long until I see any reason to do so.

Good luck
ok bro but please update me i missed train and waiting to enter in it again please advice from where can enter again and for long please update too

Ub
  • #1,709
  • Jul 13, 2009 2:20am Jul 13, 2009 2:20am
Quoting wormboy
Short PO triggered.

GBP JPY

1. Short @149.25 sl @152.45

Booked some profit. (3/5 of position)

GBP JPY

1. Short @149.25 closed @148.17 (0.3)

Remaining unchanged.

1. Short @149.25 sl @152.45 (0.2)
Thank You
  • #1,710
  • Jul 13, 2009 2:22am Jul 13, 2009 2:22am
Quoting Nene
I can take you all to 6055, but that is all. Then decision time. No news so it may bounce around in this triangle the rest of the night. Wormie....LOL


Ne
Lol, nice call so far
Thank You
  • #1,711
  • Jul 13, 2009 2:34am Jul 13, 2009 2:34am
Quoting wormboy
Short PO triggered.

GBP USD

1. short @6130 sl @ 6240
Booked some profit. (2/4 or 50% of position)

GBP USD

1. short @6130 closed @ 6075 (0.2)

Remaining position unchanged.

GBP USD

1. short @6130 sl @ 6240 (0.2)
Thank You
  • #1,712
  • Jul 13, 2009 4:38am Jul 13, 2009 4:38am
Quoting wormboy
Booked some profit. (3/5 of position)

GBP JPY

1. Short @149.25 closed @148.17 (0.3)

Remaining unchanged.

1. Short @149.25 sl @152.45 (0.2)

Remaining trade stop amended.

GBP JPY

1. Short @149.25 sl @148.95 (0.2)

Trade safe. Off jogging now, laters!
Thank You
  • #1,713
  • Jul 13, 2009 6:55am Jul 13, 2009 6:55am
Quoting stewrigh
Azim,

Hats off ...
Hey stew, thanks! Just read back and saw that I missed out your post.
I'm not so sure about euro as I don't usually trade it. But I've always regard cable like fibre on steroids. Movements are usually almost the same. Don't really know if there are different in movements, but I think David's answer would've shed some light into the matter.
Sorry if I can't be much of help there bro
Thank You
  • #1,714
  • Jul 13, 2009 7:14am Jul 13, 2009 7:14am
Did anyone take the bounce?????

Ne

Quoting Nene
I can take you all to 6055, but that is all. Then decision time. No news so it may bounce around in this triangle the rest of the night. Wormie....LOL


Ne
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 42 KB
  • #1,715
  • Jul 13, 2009 7:39am Jul 13, 2009 7:39am
Quoting wormboy
Remaining trade stop amended.

GBP JPY

1. Short @149.25 sl @148.95 (0.2)

Trade safe. Off jogging now, laters!
Okay, the remaining trade had ended.

GBP JPY

1. Short @149.25 stopped @148.95 (0.2)
Thank You
  • #1,716
  • Jul 13, 2009 9:19am Jul 13, 2009 9:19am
Taking a small short here.

GBP JPY

1. short @148.74 sl @149.5 (0.2)

Good luck
Thank You
  • #1,717
  • Jul 13, 2009 11:12am Jul 13, 2009 11:12am
Quoting wormboy
Taking a small short here.

GBP JPY

1. short @148.74 sl @149.5 (0.2)

Good luck
Lol, that was fast.

GBP JPY

1. short @148.74 stopped @149.5 (0.2)

Staying flat for now. Will short when the opportunity arises again.
Gnite
Thank You
  • #1,718
  • Jul 13, 2009 12:02pm Jul 13, 2009 12:02pm
Let's see if this works.

GBP JPY

1. short @149.73 sl @150.90

Good luck azim! Now dive
Thank You
  • #1,719
  • Jul 13, 2009 12:29pm Jul 13, 2009 12:29pm
asshole .. said dive not fly!
Thank You
  • #1,720
  • Jul 13, 2009 1:41pm Jul 13, 2009 1:41pm
Quoting wormboy
asshole .. said dive not fly!
u need 1 punch from me....
MY OPINION NOT FINANCIAL ADVISE
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