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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #2,781
  • Sep 2, 2009 8:51pm Sep 2, 2009 8:51pm
Quoting wormboy
lol sure looks like it bro, but it has not breakout the utl so I don't think it's valid. If it does breakout, the descending h4 channel we got going would also be void
Remember the rising wedge on the weekly earlier? That's valid bro. But that's on a longer term basis. Shorter term I'm still gonna play this channel till it's broken.

Okay I'm off, catch you London session bro, have a good one
The pair has been going nowhere for the past 24 hours or so. On the H4, a rise in GBPUSD is neatly offset by a fall in USDJPY. I will be watching any breakout from the NY session (149.45 - 150.50 range) for direction.

Good luck with your trades,

jesper
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  • #2,782
  • Sep 3, 2009 2:08am Sep 3, 2009 2:08am
Quoting wormboy
GBP USD

1. short @6281 sl @6380 (0.1)

Good luck
Okay, trade closed manually due to channel breakout.

GBP USD

1. short @6281 closed @6323 (0.1)
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Thank You
  • #2,783
  • Sep 3, 2009 2:14am Sep 3, 2009 2:14am
Quoting wormboy
Added to position

GBP JPY

1. short @151.50 sl @151.05 (0.2)

2. short @150.18 sl @151.05 (0.1)
Okay trade stopped out.

GBP JPY

1. short @151.50 stopped @151.05 (0.2)

2. short @150.18 stopped @151.05 (0.1)

All flat atm
Thank You
  • #2,784
  • Sep 3, 2009 2:43am Sep 3, 2009 2:43am
Never fail to amaze me the amount of times I get stopped out and boom it makes a uturn.
Dragon took me by 3 little pips and bam it's gone the other way. There's a conspiracy to keep the worm poor
Thank You
  • #2,785
  • Sep 3, 2009 4:27am Sep 3, 2009 4:27am
DRGON is on the 4 hr trend line as we speak and MACD showing diversion and dble btm..i just closed for a nice little drink..For me any how......
  • #2,786
  • Sep 3, 2009 4:50am Sep 3, 2009 4:50am
Quoting danc
DRGON is on the 4 hr trend line as we speak and MACD showing diversion and dble btm..i just closed for a nice little drink..For me any how......
any chart to share?
Thank You
  • #2,787
  • Sep 3, 2009 5:07am Sep 3, 2009 5:07am
GBP JPY

1. short @151.12 sl @151.45 (0.2)
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  • #2,788
  • Sep 3, 2009 5:09am Sep 3, 2009 5:09am
GBPUSD is showing a triple top in the 1.6370/80 region on my H4 (GMT 0). I'm waiting to short either on a clear reversal signal on H1 or a break of the H4 trendline/Fibo Pivot R2 level. Definitely want to get on the ride once we go back below 1.6400.

jesper
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  • #2,789
  • Sep 3, 2009 5:20am Sep 3, 2009 5:20am
Quoting jesperweber
The pair has been going nowhere for the past 24 hours or so. On the H4, a rise in GBPUSD is neatly offset by a fall in USDJPY. I will be watching any breakout from the NY session (149.45 - 150.50 range) for direction.

Good luck with your trades,

jesper
Correct that: The pair has been going nowhere except against me...

Hit R3 Fibo Pivot and last week's low, and USDJPY is starting to turn down as well. I see a good chance that last week's low acts as support turned into resistance. I usually don't like to hedge a losing position (one part of the hedge is always going to be a loser), but this time if price starts testing resistance at the upper trendline I'm going to make an exception. The critical price level for me is the highlighted triple bottom of two weeks ago.

jesper
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  • #2,790
  • Sep 3, 2009 5:34am Sep 3, 2009 5:34am
Quoting jesperweber
GBPUSD is showing a triple top in the 1.6370/80 region on my H4 (GMT 0). I'm waiting to short either on a clear reversal signal on H1 or a break of the H4 trendline/Fibo Pivot R2 level. Definitely want to get on the ride once we go back below 1.6400.

jesper
Hi jesper. Unless holding long I don't think going short before a daily close to confirm would be a good idea tbh. No doubt 6380 is the line in the sand, but almost every other tf that is lower than the daily is not showing weakness yet atm.
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  • #2,791
  • Sep 3, 2009 5:57am Sep 3, 2009 5:57am
Quoting wormboy
GBP JPY

1. short @151.12 sl @151.45 (0.2)
U]GBP JPY[/u]

1. short @151.12 stopped @151.45 (0.2)

stupid trade
Thank You
  • #2,792
  • Sep 3, 2009 6:13am Sep 3, 2009 6:13am
Quoting wormboy
Hi jesper. Unless holding long I don't think going short before a daily close to confirm would be a good idea tbh. No doubt 6380 is the line in the sand, but almost every other tf that is lower than the daily is not showing weakness yet atm.
I fully agree. Since I typed my post GBPUSD has been making good headway to the upside, so caution is advised. The pair is up roughly 100 pips on the day, so with the ATR(10) standing at 169 there still is room to go.
  • #2,793
  • Sep 3, 2009 7:13am Sep 3, 2009 7:13am
Sorry worm boy dunno how to post charts..
Re your DRGON trade..you might be rite on the money..as we speak..
IT is just throu the 4 hr trend line..
The hi is just a few points above a 55% line..off hi 2 4 hr tops back.
The 151.50 is a genuine resistance line on the daily..
So Maby ???showing resistance rite now down to 37.. will watch for a nice 1hr candle or somthing........................
  • #2,794
  • Sep 3, 2009 7:58am Sep 3, 2009 7:58am
GBP JPY

1. short @151.22 sl @151.80
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  • #2,795
  • Sep 3, 2009 8:51am Sep 3, 2009 8:51am
Any GU pick for tonight bro worm?
  • #2,796
  • Sep 3, 2009 8:55am Sep 3, 2009 8:55am
okie : not yet bro. Still waiting
Thank You
  • #2,797
  • Sep 3, 2009 9:13am Sep 3, 2009 9:13am
Quoting wormboy
okie : not yet bro. Still waiting
O.k thanks...
  • #2,798
  • Sep 3, 2009 9:27am Sep 3, 2009 9:27am
Quoting wormboy
GBP JPY

1. short @151.22 sl @151.80
Hey bro, are you short due utl resistance? I entered two trades, one at 151.15 and one at 151.60 with stops just under 151. 1st trade is a bit meh from earlier but hopefully she will come further down south for a spell.

Chart attached, bit basic but just to show what I mean.
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  • #2,799
  • Sep 3, 2009 11:04am Sep 3, 2009 11:04am
Quoting uksnowman
Hey bro, are you short due utl resistance? I entered two trades, one at 151.15 and one at 151.60 with stops just under 151. 1st trade is a bit meh from earlier but hopefully she will come further down south for a spell.

Chart attached, bit basic but just to show what I mean.
hey rich,
yes bro basically I'm still shorting off the same utl resistance that's not yet violated. I still am looking at 147 level unless price close outside the utl resistance.
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  • #2,800
  • Sep 3, 2009 12:24pm Sep 3, 2009 12:24pm
Gold is reaching 1000$!.....

CURRENT: 997$
Up 55$ from last 2 days....

Something is heating!
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