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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #2,401
  • Aug 14, 2009 2:30pm Aug 14, 2009 2:30pm
Quoting wormboy
Stop amended.

GBP JPY

1. short @157.88 sl @157.80 (0.2)

Stop amended.

GBP JPY

1. short @157.88 sl @157.70 (0.2)

The coming weeks looks bearish to me.


Okay, off for the weekend now.
Thank You
  • #2,402
  • Aug 16, 2009 5:49am Aug 16, 2009 5:49am
Quoting wormboy
Stop amended.

GBP JPY

1. short @157.88 sl @157.70 (0.2)

The coming weeks looks bearish to me.


Okay, off for the weekend now.
Hey wormboy,

A review of the LFX charts shows a bearish bias to the JPY charts, but the GBP did show a modest recovery to break back over the long term trendline. We also have the Japan GDP figures out Monday morning, and these may dictate whether dragon falls earlier or later in the week.

I posted some analysis in the daily candlesticks thread, let me know what you think.
  • #2,403
  • Aug 16, 2009 7:47pm Aug 16, 2009 7:47pm
Quoting wormboy
Closed half and moved stoploss.


GBP USD

1. short @6591 closed @6496 (0.1)

Remaining position

GBP USD

1. short @6591 sl @6585 (0.1)

Remaining position stop amended.

GBP USD

1. short @6591 sl @6550 (0.1)
Thank You
  • #2,404
  • Aug 16, 2009 7:48pm Aug 16, 2009 7:48pm
Quoting wormboy
Stop amended.

GBP JPY

1. short @157.88 sl @157.70 (0.2)

The coming weeks looks bearish to me.


Okay, off for the weekend now.

Stop amended.

GBP JPY

1. short @157.88 sl @157.30 (0.2)
Thank You
  • #2,405
  • Aug 16, 2009 10:57pm Aug 16, 2009 10:57pm
Quoting daffy
Hey wormboy,

A review of the LFX charts shows a bearish bias to the JPY charts, but the GBP did show a modest recovery to break back over the long term trendline. We also have the Japan GDP figures out Monday morning, and these may dictate whether dragon falls earlier or later in the week.

I posted some analysis in the daily candlesticks thread, let me know what you think.
On the daily chart USDJPY, GBPJPY and EURJPY all show fresh dead crosses of the 5 over 10 EMA on the Thursday or Friday close -- admittedly, a lagging indicator and a deliberate setting to look at, but that's what I'm watching. The data out of Japan came in below expectations, so that would be consistent with the direction of the MA cross-over. GBPUSD and EURUSD on the daily chart are nearly flat but with downward tilt as I see it.

So I think the most reliable plays should be short USDJPY positions, also taking into account that there is basically no more event risk to JPY from economic data in the week ahead, while GBP and EUR have releases coming up tomorrow. Intraday I will look at the Nikkei 225 and S&P 500 to confirm my directional bias.

Just my two cents...

Jesper
  • #2,406
  • Aug 17, 2009 12:29am Aug 17, 2009 12:29am
Quoting wormboy
Stop amended.

GBP JPY

1. short @157.88 sl @157.30 (0.2)

Stop amended.

GBP JPY

1. short @157.88 sl @157.15 (0.2)
Thank You
  • #2,407
  • Aug 17, 2009 12:30am Aug 17, 2009 12:30am
Quoting wormboy
Remaining position stop amended.

GBP USD

1. short @6591 sl @6550 (0.1)

Remaining position stop amended.

GBP USD

1. short @6591 sl @6525 (0.1)
Thank You
  • #2,408
  • Aug 17, 2009 12:33am Aug 17, 2009 12:33am
Quoting jesperweber
On the daily chart USDJPY, GBPJPY and EURJPY all show fresh dead crosses of the 5 over 10 EMA on the Thursday or Friday close -- admittedly, a lagging indicator and a deliberate setting to look at, but that's what I'm watching....
Yep, yen strength does appear to be leading the market this morning. GBP gapped down and negated the recovery seen late Friday, we are now below the major trendline again, and USD is on the rise.
  • #2,409
  • Aug 17, 2009 1:03am Aug 17, 2009 1:03am
i took this one...
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 17 KB
  • #2,410
  • Aug 17, 2009 2:40am Aug 17, 2009 2:40am
Quoting wormboy
Remaining position stop amended.

GBP USD

1. short @6591 sl @6525 (0.1)
Remaining position stop amended.

GBP USD

1. short @6591 sl @6480 (0.1)
Thank You
  • #2,411
  • Aug 17, 2009 2:41am Aug 17, 2009 2:41am
Quoting wormboy
Stop amended.

GBP JPY

1. short @157.88 sl @157.15 (0.2)

Stop amended.

GBP JPY

1. short @157.88 sl @156.65 (0.2)
Thank You
  • #2,412
  • Aug 17, 2009 2:50am Aug 17, 2009 2:50am
Earlier chart :
http://www.forexfactory.com/attachme...9&d=1250235833

Chart attached below shows price is headed towards the 151 target level and as long as price does not close above utl5a, we'll continue selling.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1.JPG Size: 75 KB
Thank You
  • #2,413
  • Aug 17, 2009 2:53am Aug 17, 2009 2:53am
Chart shows target levels. Definite trending down now, no question about it.
Should price close cleanly below 6380, I'll be looking towards 6165 level.
Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.JPG Size: 81 KB
Thank You
  • #2,414
  • Aug 17, 2009 3:21am Aug 17, 2009 3:21am
Quoting wormboy
Chart shows target levels. Definite trending down now, no question about it.
Should price close cleanly below 6380, I'll be looking towards 6165 level.
Good luck
oh yes..the mofo actually moving this week..took a loss on cable..but hey aint missing the same trick twice..

moved my stop a bit closer..above the dailly high..hopefully it wont come and bite me in the ass
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 18 KB
  • #2,415
  • Aug 17, 2009 3:28am Aug 17, 2009 3:28am
Quoting wormboy
Chart shows target levels. Definite trending down now, no question about it.
Should price close cleanly below 6380, I'll be looking towards 6165 level.
Good luck
Morning Azim....

Would you be looking for that on the next 4H close? For me, that would be another 3-1/2 hours. I have good support on 1H, 4H and daily at the 6330ish area.

Thanks buddy!
Ghost Rider - WWTBMD?
  • #2,416
  • Aug 17, 2009 3:33am Aug 17, 2009 3:33am
Quoting wormboy
Stop amended.

GBP JPY

1. short @157.88 sl @156.65 (0.2)
Nice work Wormboy!!

You deserve the success you've had this month because you've persevered with your analysis, even when you took a few knockbacks. I hope you hit your targets.
  • #2,417
  • Aug 17, 2009 3:40am Aug 17, 2009 3:40am
Quoting nAVIN2007
oh yes..the mofo actually moving this week..took a loss on cable..but hey aint missing the same trick twice..

moved my stop a bit closer..above the dailly high..hopefully it wont come and bite me in the ass
nice bro. Tbh I'm "hoping" it does not retrace back & dive straight pass the H&S neckline towards my target lol. So there you go, at least we know the both of us are hoping for the same thing albeit from a different vantage point!
Thank You
  • #2,418
  • Aug 17, 2009 3:44am Aug 17, 2009 3:44am
Quoting albchr
Morning Azim....

Would you be looking for that on the next 4H close? For me, that would be another 3-1/2 hours. I have good support on 1H, 4H and daily at the 6330ish area.

Thanks buddy!
Hi chris how's it going bro
On the H1 actually, the H4 chart highlights where the resistance is for me, in case price turns and breach the resistance I'll know when to get out (6420 level based on the descending utl from the 30th june high @6740 level)
That support you coincidentally is the H&S neckline level. I have it @6380 tho.
Thank You
  • #2,419
  • Aug 17, 2009 3:54am Aug 17, 2009 3:54am
Quoting daffy
Nice work Wormboy!!

You deserve the success you've had this month because you've persevered with your analysis, even when you took a few knockbacks. I hope you hit your targets.
Hey daffy thanks bro!
Yea hopefully it gets to my target. Tbh, I've met my monthly target with the current running trade & the previous trades. So, I'm not too worried if it doesn't.
I'll take it easy for now because it's a nice bounce from last month's loss
What are you trading atm btw?
Thank You
  • #2,420
  • Aug 17, 2009 3:58am Aug 17, 2009 3:58am
Quoting wormboy
Hi chris how's it going bro
On the H1 actually, the H4 chart highlights where the resistance is for me, in case price turns and breach the resistance I'll know when to get out (6420 level based on the descending utl from the 30th june high @6740 level)
That support you coincidentally is the H&S neckline level. I have it @6380 tho.
Thanks Azim. I'm doing OK. After that little curve ball life threw at me I figure I'm 1 strike, 1 ball and still swinging...

Today is the first day I've been able to watch the charts so I'm not trading but just working on getting focused again.
Ghost Rider - WWTBMD?
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