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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #4,701
  • Feb 9, 2010 3:06am Feb 9, 2010 3:06am
Quoting TheGabriel
Short GBPUSD at 1.5635 and short Euro/Gold/Aud.

You'll be here at Us session Azim?
I'll be here later gabe, got to run some errands so I'm just positioning myself on these trades instead of daytrading.
I'll catch you later buddy. Good luck!
Thank You
  • #4,702
  • Feb 9, 2010 3:16am Feb 9, 2010 3:16am
Quoting wormboy
I'll be here later gabe, got to run some errands so I'm just positioning myself on these trades instead of daytrading.
I'll catch you later buddy. Good luck!
See you later buddy. I'm trading heavy right now, many pairs. I've found that BIS and other banks are selling, they entered few pips above (the BIS), I read the selling on Euro it's at its records.

I think it will play out well but who knows.
"Hate the sin, love the sinner." - Gandhi
  • #4,703
  • Feb 9, 2010 4:03am Feb 9, 2010 4:03am
We have a new low on the GBP index, I think due to the Trade Balance data.

I'm holding my GBPU short wich I think will easly pay for the other small losses I took. Also shorting Gold, EurUsd, EurGbp and EurJpy and they're correlated (I trade them indipendently but many times trades correlate) so I'm basically shorting Euro. All the trades have tight stop losses, even less than ten pips to a max of 30.

I saw on the charts many big sellers coming in on Euro.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpu.jpg Size: 102 KB
"Hate the sin, love the sinner." - Gandhi
  • #4,704
  • Feb 9, 2010 11:20am Feb 9, 2010 11:20am
Quoting wormboy
Added to position


GBPUSD

1. long @5595 sl @5520 (0.1)
2. long @5591 sl @5520 (0.1)

Closed partial

GBPUSD

1. long @5595 closed @5720 (0.1)

Remaining stop amended.

GBPUSD

2. long @5591 sl @5605 (0.1)
Thank You
  • #4,705
  • Feb 9, 2010 11:37am Feb 9, 2010 11:37am
Pulled back to alarge 38.2% level. Just a heads up in case some of you did not see
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 26 KB
  • #4,706
  • Feb 9, 2010 11:42am Feb 9, 2010 11:42am
Quoting baz
Hi Azim...
just saw this.....Congratulations mate .

possible play on Cable......although i remain Bearish.....
GBP_USD Spot.png
well it PLAYED as indicated,BUT now we enter the Previous TRADING RANGE...see if 1.5700 holds up or we see a FAILURE here..

baz
  • #4,707
  • Feb 9, 2010 11:44am Feb 9, 2010 11:44am
Quoting baz
well it PLAYED as indicated,BUT now we enter the Previous TRADING RANGE...see if 1.5700 holds up or we see a FAILURE here..

baz
sorry forgot chart..

GBP_USD Spot.png
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 11 KB
  • #4,708
  • Feb 9, 2010 11:45am Feb 9, 2010 11:45am
Quoting jack.canadia
Pulled back to alarge 38.2% level. Just a heads up in case some of you did not see
wow .. quickest 60 pips i have ever made lol

today has been messed up, alot of random swings (and i say random because i dont pay attention to news)
  • #4,709
  • Edited 12:32pm Feb 9, 2010 12:16pm | Edited 12:32pm
Quoting wormboy
Closed partial

GBPUSD

1. long @5595 closed @5720 (0.1)

Remaining stop amended.

GBPUSD

2. long @5591 sl @5605 (0.1)
Good one Wormie,

http://www.forexfactory.com/showpost...postcount=4696

My tp was hit (5710) and I am flat for the moment.

C.
  • #4,710
  • Feb 9, 2010 11:49pm Feb 9, 2010 11:49pm
Replaced small position of long @ 1.5660 and plan on increasing position if price falls to 1.5625 which is 23 fib line.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour.gif Size: 15 KB
  • #4,711
  • Feb 10, 2010 12:29am Feb 10, 2010 12:29am
If we keep moving lower I'm planning to go long at about 1.5600.
"Hate the sin, love the sinner." - Gandhi
  • #4,712
  • Feb 10, 2010 12:36am Feb 10, 2010 12:36am
Quoting TheGabriel
If we keep moving lower I'm planning to go long at about 1.5600.
We may not get that low. I think the lowest we may see is the 1.5625, which is bottom of flag, 23.6 4H fib, 161.8 1H master candle fib, and a bottom shadow to the daily 38.2 fib. I closed my long yesterday @ 5710 and now partially got back in. If we hit the line mentioned I will replace the full position.
  • #4,713
  • Feb 10, 2010 1:39am Feb 10, 2010 1:39am
Quoting Ctic
We may not get that low. I think the lowest we may see is the 1.5625, which is bottom of flag, 23.6 4H fib, 161.8 1H master candle fib, and a bottom shadow to the daily 38.2 fib. I closed my long yesterday @ 5710 and now partially got back in. If we hit the line mentioned I will replace the full position.
Yes we might not touch the level anymore.

I'm shorting GBPCHF from 1.6710, we had a consolidation at the level and broken 1.6700 again now and this is a trade to hold imo for at least 80 pips and will hold more if I don't see some buying going on.
"Hate the sin, love the sinner." - Gandhi
  • #4,714
  • Feb 10, 2010 2:30am Feb 10, 2010 2:30am
I've seen some selling going on on GBP pairs on the London opening, both GBPU and GBPCHF.

Edit: I had a confirmation about an UK corporate selling.
"Hate the sin, love the sinner." - Gandhi
  • #4,715
  • Feb 10, 2010 3:57am Feb 10, 2010 3:57am
Short closed -30
"Hate the sin, love the sinner." - Gandhi
  • #4,716
  • Feb 10, 2010 4:00am Feb 10, 2010 4:00am
Quoting TheGabriel
Short closed -30
Better to cut the losses short instead of riding them out. So in a sense good job for not riding them to the top. I believe that G/U will go up to 1.5800 before we see any big retrace happen.
  • #4,717
  • Feb 10, 2010 4:29am Feb 10, 2010 4:29am
Quoting Ctic
Better to cut the losses short instead of riding them out. So in a sense good job for not riding them to the top. I believe that G/U will go up to 1.5800 before we see any big retrace happen.
Yes, 1.58 looks like a good target to me.

Anyway now looks like the shorts would have been profitable but it's better to not risk if I'm unsure.
"Hate the sin, love the sinner." - Gandhi
  • #4,718
  • Feb 10, 2010 5:39am Feb 10, 2010 5:39am
Quoting TheGabriel
Yes, 1.58 looks like a good target to me.

Anyway now looks like the shorts would have been profitable but it's better to not risk if I'm unsure.
Don't be fooled by the short setup. We haven't broken the major spot yet to continue the down situation. I did close my long position before King spoke thus picked up 93 pips. Reloaded long @ 5695 so waiting for the rebound. I only reloaded half position from what I originally had. Watch for the walls to be broken for any major move.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour.gif Size: 15 KB
  • #4,719
  • Feb 10, 2010 6:10am Feb 10, 2010 6:10am
Quoting Ctic
Don't be fooled by the short setup. We haven't broken the major spot yet to continue the down situation. I did close my long position before King spoke thus picked up 93 pips. Reloaded long @ 5695 so waiting for the rebound. I only reloaded half position from what I originally had. Watch for the walls to be broken for any major move.
Pretty risky to trade cable now. I'm selling this EurJpy, MACD is supporting the direction and volume indicates big sellers on EurJpy come in too. My price is 123.49.

Haven't seen Azim here today, guess we'll see him in US session
GBPCHF trades would have been 170 pips by now, low broken.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 107 KB
"Hate the sin, love the sinner." - Gandhi
  • #4,720
  • Feb 10, 2010 6:12am Feb 10, 2010 6:12am
Quoting wormboy
Closed partial

GBPUSD

1. long @5595 closed @5720 (0.1)

Remaining stop amended.

GBPUSD

2. long @5591 sl @5605 (0.1)

Added to position

GBPUSD

2. long @5591 sl @5605 (0.1)
3. long @5632 sl @5565 (0.1)
Thank You
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