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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #2,881
  • Sep 10, 2009 8:32am Sep 10, 2009 8:32am
Cable is toying with me.
If you're not gonna take me, then bloody tank already.

btw, who is bob?
Thank You
  • #2,882
  • Sep 10, 2009 8:41am Sep 10, 2009 8:41am
Quoting wormboy
Cable is toying with me.
If you're not gonna take me, then bloody tank already.

btw, who is bob?
Mark my words, she's going down from here.

The data release were total non-events. That tells me that there is no bull power in the market. If that proves to be correct, psychology will take over and the selling will resume. The point is (but whom am I telling this...) not about getting in early on the down move, but to stay out (or last) long enough during the current consolidation.

I'm looking for profit taking by this week's bulls to play out tomorrow, and a good downtrend to resume from next week. In the end it doesn't matter whether I'm right or wrong, because price action is tradable in both directions, but this is my gut feeling.

jesper
  • #2,883
  • Sep 10, 2009 8:42am Sep 10, 2009 8:42am
1.6637/1.6687 is bearish mined!

1.6637 was major fibs (88.6% of last move up on 4h) then 1.6654 was last breakout point from 2009.08.07, if not 1.6687 (31.8 fibs of last drop down 4h).

This NEED to keep it down!

Later Azim!
  • #2,884
  • Sep 10, 2009 9:29am Sep 10, 2009 9:29am
jesper & matt : lol, we really want cable to tank badly don't we. Like you guys, I am trying to reason with myself everytime cable inches higher
Thank You
  • #2,885
  • Sep 10, 2009 9:57am Sep 10, 2009 9:57am
Quoting wormboy
Added to position

GBP USD

1. short @6520 sl @6665 (0.3)

2. short @6581 sl @6665 (0.1)
Okay. Trade stopped out.

GBP USD

1. short @6520 stopped @6665 (0.3)

2. short @6581 stopped @6665 (0.1)


Last week's gain totally wiped out with this loss.
Gotta nurse my dragon now. Good luck fellas
Thank You
  • #2,886
  • Sep 10, 2009 11:54am Sep 10, 2009 11:54am
Tesla's Trendline indicator....
(also for rectangles, fib retracements & fib expansions, Bollinger band, Andrew's Pitchfork)

please see my post here.
FYI.
  • #2,887
  • Sep 10, 2009 1:21pm Sep 10, 2009 1:21pm
GBP USD

1. short @6669 sl @6705 (0.1)
Thank You
  • #2,888
  • Sep 10, 2009 1:25pm Sep 10, 2009 1:25pm
Quoting wormboy
GBP USD

1. short @6669 sl @6705 (0.1)

pull up a fib 1.704x - 1.611x and see where the darn thing stopped

hint hint 61fib
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #2,889
  • Sep 10, 2009 1:29pm Sep 10, 2009 1:29pm
Quoting wormboy
GBP USD

1. short @6669 sl @6705 (0.1)

Hey Azim...just checking on u
MY OPINION NOT FINANCIAL ADVISE
  • #2,890
  • Sep 10, 2009 1:37pm Sep 10, 2009 1:37pm
Quoting djambazov84
pull up a fib 1.704x - 1.611x and see where the darn thing stopped

hint hint 61fib

coincides with previous resistance on h4 as well. Taking my chance here without proper reversal confirmed.
Thank You
  • #2,891
  • Sep 10, 2009 1:38pm Sep 10, 2009 1:38pm
Quoting donfriday
Hey Azim...just checking on u
hi don, how's it going
Thank You
  • #2,892
  • Sep 10, 2009 1:53pm Sep 10, 2009 1:53pm
Quoting wormboy
GBP USD

1. short @6669 sl @6705 (0.1)

LOL we have exactly the same set up bro only my SL is 6704 and I'm (0.2). Ok, now I'm worried....
Ghost Rider - WWTBMD?
  • #2,893
  • Sep 10, 2009 2:59pm Sep 10, 2009 2:59pm
Quoting albchr
LOL we have exactly the same set up bro only my SL is 6704 and I'm (0.2). Ok, now I'm worried....
Lol, guess we saw the same thing.
Good luck to you bro!
Thank You
  • #2,894
  • Sep 10, 2009 3:39pm Sep 10, 2009 3:39pm
Quoting wormboy
hi don, how's it going

i'm good bro, just tired of the rang so trying to check on you, hope u cool..
trade safe dragon
MY OPINION NOT FINANCIAL ADVISE
  • #2,895
  • Sep 10, 2009 9:47pm Sep 10, 2009 9:47pm
USD Index..here comes .7600..other resistance there. call based on 4 hr dau and week charts.. I am long again..Just my opn of course..
  • #2,896
  • Sep 10, 2009 11:29pm Sep 10, 2009 11:29pm
Gday wormie and all just having a look into my trades once again short on cable? you guys are been in the sun for a little while to long while we seen the bull market i wouldnt expect downwards approach wat i see is PPX 6600 is strong ,pivots are stepping upwards as a stairway my CCI is bullish i think a short would be better placed mid next week sometime while PPX is the point of bull or bear =6600 before i would short..thats todays view and only my novice opnion...cheers hope all is well....
  • #2,897
  • Sep 10, 2009 11:34pm Sep 10, 2009 11:34pm
My Short still running... hope something happen on news today. So next week can recover more
  • #2,898
  • Sep 10, 2009 11:43pm Sep 10, 2009 11:43pm
As i can see here we have a bounce of green S1 up to R3 twice now we are currently on S1 today as support i see R3 a real possibility 6814 ish ..then consolidation on the 3rd leg before i see a move and while the bull market is here who knows although the futures are slightly red atm...
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  • #2,899
  • Sep 10, 2009 11:54pm Sep 10, 2009 11:54pm
Quoting wormboy
GBP USD

1. short @6669 sl @6705 (0.1)
Trade stopped out.

GBP USD

1. short @6669 stopped @6705 (0.1)
Thank You
  • #2,900
  • Sep 10, 2009 11:59pm Sep 10, 2009 11:59pm
I'll be monitoring closely to this week close & see how price reacts if we get up to 6750 level. Mid term trend still bearish as of now.
Flat atm.
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Thank You
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