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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #5,161
  • Mar 1, 2010 4:31am Mar 1, 2010 4:31am
Quoting Denefx
how about cable wormie? do u foresee a retracement to 50% fib? 400pips out of no where.. that's forex..
Dunno bro, I am barely watching that pair tbh. I think we'll need a reversal formation on the htf to confirm if we'll get a retracement for cable.
Thank You
  • #5,162
  • Mar 1, 2010 4:34am Mar 1, 2010 4:34am
Quoting wormboy
Dunno bro, I am barely watching that pair tbh. I think we'll need a reversal formation on the htf to confirm if we'll get a retracement for cable.
htf ??

candlewise, wht i see on GU... tails longer than bodies on 30m and equal on 1hr...
am i right?
  • #5,163
  • Mar 1, 2010 4:43am Mar 1, 2010 4:43am
Quoting Lurch_47
htf ??

candlewise, wht i see on GU... tails longer than bodies on 30m and equal on 1hr...
am i right?
higher time frame.
4929 would be the level to watch lurch. good luck

bbl, dinner time
Thank You
  • #5,164
  • Mar 1, 2010 4:54am Mar 1, 2010 4:54am
Quoting wormboy
higher time frame.
4929 would be the level to watch lurch. good luck

bbl, dinner time
enjoy...

btw.. can u explain 4929...

again, tnx
  • #5,165
  • Mar 1, 2010 6:45am Mar 1, 2010 6:45am
Quoting wormboy
sycho!
how's it goin bro, been a long time!
spot on with 132 bro, I had 133 in sight earlier but I won't complain
I've already cashed in all my 4 positions on this beast and started building long (smalls @1usd/pip) with an ultra wide stop placed @130.00. Would've been nice to have been able to catch long at the lower 132 but was trying to close all my shorts and the bounce was too fast.
Will look to add as we go further. Hope you're doing well!


GBPJPY

1. long @132.61 sl @130.00 (0.1)

Trade closed.

GBPJPY

1. long @132.61 closed @133.23 (0.1)

my position is now flat. good luck to all
Attached Image (click to enlarge)
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Thank You
  • #5,166
  • Mar 1, 2010 6:49am Mar 1, 2010 6:49am
Quoting Lurch_47
enjoy...

btw.. can u explain 4929...

again, tnx
it's the 61.8% daily fib (23rd jan 09 low - 8th may 09 high)
Thank You
  • #5,167
  • Mar 1, 2010 6:51am Mar 1, 2010 6:51am
congrats on that huge move earlier. brother the GBP has gone down the toilet and the doesnt seem to be recycable



Quoting wormboy
Trade closed.

GBPJPY

1. long @132.61 closed @133.23 (0.1)

my position is now flat. good luck to all
  • #5,168
  • Mar 1, 2010 6:55am Mar 1, 2010 6:55am
Quoting coolshades
congrats on that huge move earlier. brother the GBP has gone down the toilet and the doesnt seem to be recycable
thanks bro, sometimes when you're lucky you get to pull out the aces.
oh, the pound will come back and batter the late bears, just you watch
think i'll take it easy till thursday ... unless i see something on the charts that shows we might be ready to make a big move. Not gonna bother scalping after the freebies today even lol.
Thank You
  • #5,169
  • Mar 1, 2010 7:13am Mar 1, 2010 7:13am
thanks, wb...
  • #5,170
  • Mar 1, 2010 10:22am Mar 1, 2010 10:22am
Quoting wormboy
sycho!
how's it goin bro, been a long time!
spot on with 132 bro, I had 133 in sight earlier but I won't complain
I've already cashed in all my 4 positions on this beast and started building long (smalls @1usd/pip) with an ultra wide stop placed @130.00. Would've been nice to have been able to catch long at the lower 132 but was trying to close all my shorts and the bounce was too fast.
Will look to add as we go further. Hope you're doing well!


GBPJPY

1. long @132.61 sl @130.00 (0.1)
i will say one thing azim u were spot on about the direction of dragon, remeber back 3 months back we were debating dragon trend direction and i said the mofo was heading up and u were like the mofo gonna tank..

U right!!!!!!!

i hope tautrader is ok and didnt keep buying the lows cause this could have finished any1
  • #5,171
  • Mar 1, 2010 8:46pm Mar 1, 2010 8:46pm
Here is the test for the bear flag..Will she break, or will the bulls arise from their slumber to bounce her back up..Time will tell.
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  • #5,172
  • Mar 1, 2010 9:25pm Mar 1, 2010 9:25pm
Quoting wormboy
it's the 61.8% daily fib (23rd jan 09 low - 8th may 09 high)
Hi Worm, i draw it also but from 23.01.09 to 05.08.09 price a little different but same area...

im long already on GU from 4902 SL at BE, if we go up i will add later, it will be nice if we can see a 50% retrace (H5574 L4781) like you show us before.

For this moment i don't see any setup for go long but we have a support at 4900 (only psy support) let we see
Trade with the momentum
  • #5,173
  • Mar 1, 2010 11:01pm Mar 1, 2010 11:01pm
GBPUSD

1. long @4868 sl @4755 tp @5155 (0.2)
Thank You
  • #5,174
  • Mar 1, 2010 11:08pm Mar 1, 2010 11:08pm
Will it be any different than before? I hope not. Every single drop since January 19th had a 50% retrace after a reversal formation on htf had formed. Hope I pull another ace here
But, since it's against a very strong trend, I had refrained myself from betting the whole farm. Good luck to everyone!
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Thank You
  • #5,175
  • Mar 1, 2010 11:12pm Mar 1, 2010 11:12pm
Quoting nAVIN2007
i will say one thing azim u were spot on about the direction of dragon, remeber back 3 months back we were debating dragon trend direction and i said the mofo was heading up and u were like the mofo gonna tank..

U right!!!!!!!

i hope tautrader is ok and didnt keep buying the lows cause this could have finished any1
Lucky guess nav lol

Tau & the general public in dt's thread matter of fact. Most of them were buying from the 140 breakout
How's trading bro? Hope all is well!
Thank You
  • #5,176
  • Mar 1, 2010 11:15pm Mar 1, 2010 11:15pm
Quoting wormboy
Will it be any different than before? I hope not. Every single drop since January 19th had a 50% retrace after a reversal formation on htf had formed. Hope I pull another ace here
But, since it's against a very strong trend, I had refrained myself from betting the whole farm. Good luck to everyone!
Wormie,

See the red dot above the current months candle I posted there. I believe that is where she will go @ 1.56. I said 1.57 last month but I am revising it
  • #5,177
  • Mar 1, 2010 11:16pm Mar 1, 2010 11:16pm
Quoting sailor68
Hi Worm, i draw it also but from 23.01.09 to 05.08.09 price a little different but same area...

im long already on GU from 4902 SL at BE, if we go up i will add later, it will be nice if we can see a 50% retrace (H5574 L4781) like you show us before.

For this moment i don't see any setup for go long but we have a support at 4900 (only psy support) let we see
hello sailor, yea but as long as it's in that region i guess we're looking at the sAme thing.
I've just bought as well going for the 50% retrace you mentioned
Didn't jump the gun before the european open in hope to get in at a cheaper price. So far so good. Let's see how we do today. Good luck!
Thank You
  • #5,178
  • Mar 1, 2010 11:25pm Mar 1, 2010 11:25pm
Quoting Ctic
Wormie,

See the red dot above the current months candle I posted there. I believe that is where she will go @ 1.56. I said 1.57 last month but I am revising it
Hi c

5600 will be nice if we can go from here. It'll be another hollywood trade lol
But against current trend, I'll be happy enough to even bank 100 pips profit, nevermind 50% retrace @51xx. We'll see how cable does once we get to the 50% point. If there's a strong rejection, I will not hesitate to short all the way, else I'll be happy to keep the long position till your target
Here's the monthly gbplfx, it had broken a big level & created a new low, I think 5600 is asking a bit too much considering the breakout. Trade well!
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Thank You
  • #5,179
  • Mar 1, 2010 11:30pm Mar 1, 2010 11:30pm
Quoting wormboy
Hi c

5600 will be nice if we can go from here. It'll be another hollywood trade lol
But against current trend, I'll be happy enough to even bank 100 pips profit, nevermind 50% retrace @51xx. We'll see how cable does once we get to the 50% point. If there's a strong rejection, I will not hesitate to short all the way, else I'll be happy to keep the long position till your target
Here's the monthly gbplfx, it had broken a big level & created a new low, I think 5600 is asking a bit too much considering the breakout. Trade well!
You may be right, but as you know I don't stay married to my positions. I play day by day waiting for the retraces. The reason I say that 1.56 point is, we are in March so not only do we have the monthly we are at the end of the Quarterly candle. Many things are pegged as oversold and fibs for the month and quarter are already at/past their 1st and 2nd targets. Time will tell as you are right, this is a very strong trend. I am playing long (scalping short) but placed a very tight stop on the long trade. And as you said it, I didn't bet the farm. Very small position.
  • #5,180
  • Mar 1, 2010 11:32pm Mar 1, 2010 11:32pm
Quoting wormboy
Will it be any different than before? I hope not. Every single drop since January 19th had a 50% retrace after a reversal formation on htf had formed. Hope I pull another ace here
But, since it's against a very strong trend, I had refrained myself from betting the whole farm. Good luck to everyone!
bought 1 mini lot @ 1.4867 with a stop @ 1.4767.....let the games begin all the best to everyone
Raza
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