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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #2,581
  • Aug 23, 2009 11:12pm Aug 23, 2009 11:12pm
GBP JPY

1. short @156.51 sl @157.85 (0.2)

Chart below explains why. Older chart: http://www.forexfactory.com/attachme...4&d=1250673003
Attached Image (click to enlarge)
Click to Enlarge Name: gj4.JPG Size: 64 KB
Thank You
  • #2,582
  • Aug 24, 2009 12:07am Aug 24, 2009 12:07am
Quoting wormboy
GBP JPY

1. short @156.51 sl @157.85 (0.2)

Chart below explains why. Older chart: http://www.forexfactory.com/attachme...4&d=1250673003
Closed half

GBP JPY

1. short @156.51 closed @155.73 (0.1)

Remaining half stop amended.

GBP JPY

1. short @156.51 sl @156.80 (0.1)
Thank You
  • #2,583
  • Aug 24, 2009 12:41am Aug 24, 2009 12:41am
Quoting wormboy
Earlier trade stopped out.

GBP USD

1. short @6591 stopped @6485 (0.1)

Remaining trade remains unchanged.

GBP USD

1. short @6443 sl @6700 (0.2)
Added to position.

GBP USD

1. short @6443 sl @6700 (0.2)

2. short @6487 sl @6700 (0.1)
Thank You
  • #2,584
  • Aug 24, 2009 12:52am Aug 24, 2009 12:52am
Quoting wormboy
Added to position.

GBP USD

1. short @6443 sl @6700 (0.2)

2. short @6487 sl @6700 (0.1)
Target still 380 , right ?
  • #2,585
  • Aug 24, 2009 12:58am Aug 24, 2009 12:58am
Quoting roreki
Target still 380 , right ?
5300 actually
Here's why :http://www.forexfactory.com/showpost...postcount=2574

But yes, 380 is the near term target. But the positions I am building right now for cable are position trades. I can't afford much screentime between now & October so I'd rather be building long term trades instead of wasting my time daytrading for the time being.
Thank You
  • #2,586
  • Aug 24, 2009 1:05am Aug 24, 2009 1:05am
this is very tight..it can go anywhere..
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 25 KB
  • #2,587
  • Aug 24, 2009 7:02am Aug 24, 2009 7:02am
Quoting wormboy
Added to position.

GBP USD

1. short @6443 sl @6700 (0.2)

2. short @6487 sl @6700 (0.1)
If I put short term TP at 1.6428 possible to hit tonight?
  • #2,588
  • Aug 24, 2009 7:20am Aug 24, 2009 7:20am
Quoting okie
If I put short term TP at 1.6428 possible to hit tonight?
I think so. It's all gbp weakness now. All is needed is a little dollar strength and there will be blood on the floor. Bull blood
Thank You
  • #2,589
  • Aug 24, 2009 7:26am Aug 24, 2009 7:26am
Quoting wormboy
I think so. It's all gbp weakness now. All is needed is a little dollar strength and there will be blood on the floor. Bull blood
Alright.... will wait until 11pm local time to close thanks
  • #2,590
  • Aug 24, 2009 7:26am Aug 24, 2009 7:26am
Quoting Inzider
Can you tell me what are those chart exacly?
And were i can have a hand on it.

Index or futures?

Thx!
yup. those are lfx charts matt. gbp lfx = gbp against a basket of other currency. somewhat useful to gauge gbp strength. there are other currencies too.
you can get these with sigtrader4.

p/s : sorry bout the late reply, I really have minimal screentime atm
Thank You
  • #2,591
  • Aug 24, 2009 7:31am Aug 24, 2009 7:31am
Quoting okie
If I put short term TP at 1.6428 possible to hit tonight?
1.6430 is the S1 fibo pivot for today on my charts. 1.6418 was the daily low last Friday, so your TP looks viable to me. I'd probably even let it run a bit more to above the Aug. 19 low by 1.6380, which is where the S2 comes in.

jesper
  • #2,592
  • Aug 24, 2009 7:32am Aug 24, 2009 7:32am
Quoting Nene
Hey Dude,

I got the Geppy in a Bearish Rising Wedge and fully believe it will follow thru. Bro, there are some serious pips in this Wedge before the Tanking starts. Next week will be long again as in the story these wicks are telling me. So, long to the 163 area.

Jim
hey jim.
yea that triple bottom got me thinking earlier but with this range I don't quite feel comfortable going long under the 156 resistance :
http://www.forexfactory.com/showpost...postcount=2581
Plus the daily & weekly gbplfx is showing glaring weakness. The problem is, so is the yen lol. I'm still selling
Thank You
  • #2,593
  • Aug 24, 2009 7:33am Aug 24, 2009 7:33am
Quoting slykyn
hey wormy,
can you please post ur actual short term gu chart? thanks in advance!
sly
hi sly.
erm ... short term? what do you mean?
Thank You
  • #2,594
  • Aug 24, 2009 7:34am Aug 24, 2009 7:34am
Quoting Angelina
hi WB, are you using active trading platform or the regular one or meta trader platform on fxcm?
hi angelina. for charting I'm using the fxcm mt4 & marketscope.
Thank You
  • #2,595
  • Aug 24, 2009 7:35am Aug 24, 2009 7:35am
Quoting jesperweber
1.6430 is the S1 fibo pivot for today on my charts. 1.6418 was the daily low last Friday, so your TP looks viable to me. I'd probably even let it run a bit more to above the Aug. 19 low by 1.6380, which is where the S2 comes in.

jesper
aye 6380
I'll be loading once we close below that price.
Thank You
  • #2,596
  • Aug 24, 2009 7:51am Aug 24, 2009 7:51am
Quoting wormboy
aye 6380
I'll be loading once we close below that price.
Yup, I'd like to see that go, if it's just for some sense of direction...
  • #2,597
  • Aug 24, 2009 7:56am Aug 24, 2009 7:56am
Quoting wormboy
yup. those are lfx charts matt. gbp lfx = gbp against a basket of other currency. somewhat useful to gauge gbp strength. there are other currencies too.
you can get these with sigtrader4.

p/s : sorry bout the late reply, I really have minimal screentime atm
I did catch that my friend, thx alot!

You know what, cable is down this morning!
Who had a clue about that.... LOL

Have a good one!
Later!
  • #2,598
  • Aug 24, 2009 8:12am Aug 24, 2009 8:12am
Quoting Inzider
I did catch that my friend, thx alot!

You know what, cable is down this morning!
Who had a clue about that.... LOL

Have a good one!
Later!
I did.
You too brother, have a good one
Thank You
  • #2,599
  • Aug 24, 2009 8:36am Aug 24, 2009 8:36am
Quoting wormboy
Closed half

GBP JPY

1. short @156.51 closed @155.73 (0.1)

Remaining half stop amended.

GBP JPY

1. short @156.51 sl @156.80 (0.1)
Remaining stop amended.

GBP JPY

1. short @156.51 sl @156.40 (0.1)
Thank You
  • #2,600
  • Aug 24, 2009 8:56am Aug 24, 2009 8:56am
nobody do this trades they are very risky..like a gamble
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