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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #5,461
  • Mar 17, 2010 12:13pm Mar 17, 2010 12:13pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Dollar going to hell now...also, a valid H&S for USD index on daily now.





Quoting wormboy
welp no clean break yet as price is creeping back up. Selling pressure is still in but If you're short, hope you book some profit. Good luck
  • #5,462
  • Mar 17, 2010 12:14pm Mar 17, 2010 12:14pm
Quoting wormboy
Closed partial

GBPJPY

1. short @138.79 closed @138.30 (0.2)


Remaining stop amended.

GBPJPY

1. short @138.79 sl @138.60 (0.1)


First ltl test. Let's see
Remaining stop amended.

GBPJPY

1. short @138.79 stopped @138.60 (0.1)
Thank You
  • #5,463
  • Mar 17, 2010 12:15pm Mar 17, 2010 12:15pm
GBPUSD

1. short @5362 sl @NA (0.1)
Thank You
  • #5,464
  • Mar 17, 2010 12:16pm Mar 17, 2010 12:16pm
Quoting XTrade
Hey WB,
so does this mean you are flat cable?
Curious to what your bias is at this point.
Thanks!
X-

hi X,

I was flat.
Bias is bullish
Thank You
  • #5,465
  • Mar 17, 2010 12:20pm Mar 17, 2010 12:20pm
Quoting ams
Dollar going to hell now...also, a valid H&S for USD index on daily now.

I'll give it a bit more time to see how she holds up.
Still testing supp zone. Don't think dx will spiral before ben
Attached Image (click to enlarge)
Click to Enlarge Name: dxm1.JPG Size: 63 KB
Thank You
  • #5,466
  • Mar 17, 2010 12:40pm Mar 17, 2010 12:40pm
Quoting wormboy
hi X,

I was flat.
Bias is bullish
Not sure whether this would be wedge continuation or bullish pennant, found using m15 and simple trendlines,
nevertheless spotted this pattern on cable and entered long
if she takes out 5380 may continue to soar the lower entry is @ 70 pips,

here is the better image tried to simplify a bit.
Attached Image (click to enlarge)
Click to Enlarge Name: continuation wedge _cable_breakout.gif Size: 40 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,467
  • Mar 17, 2010 12:57pm Mar 17, 2010 12:57pm
Quoting XTrade
Not sure whether this would be wedge continuation or bullish pennant, found using m15 and simple trendlines,
nevertheless spotted this pattern on cable and entered long
if she takes out 5380 may continue to soar the lower entry is @ 70 pips,

here is the better image tried to simplify a bit.

Welp, here's why I sold. Close above 5420 invalidates the setup.
Let's see
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.JPG Size: 82 KB
Thank You
  • #5,468
  • Mar 17, 2010 1:43pm Mar 17, 2010 1:43pm
Getting Close Lower Trend line 4hr.
Attached Image (click to enlarge)
Click to Enlarge Name: EY.jpg Size: 234 KB
  • #5,469
  • Edited 2:06pm Mar 17, 2010 1:47pm | Edited 2:06pm
It turned out to really just be a great scalp! losing steam before retesting 5380

Closed Shortly after 70 pips lot 1, And the other lot around 30.
This position made up for last nights failed short as well

Not sure if cable can break and hold 5400 here. Doubt it. Looks like a good setup.

Have been shorting USD all week against CHF though with nice results...

May lay flat here for a bit.

G/L!

BTW: What do you think about the validity of some of these chart patterns on lower TFs ie M15 M30?



Quoting wormboy
Welp, here's why I sold. Close above 5420 invalidates the setup.
Let's see
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,470
  • Mar 17, 2010 2:18pm Mar 17, 2010 2:18pm
Quoting XTrade

BTW: What do you think about the validity of some of these chart patterns on lower TFs ie M15 M30?
what do you mean X?
I trade the lower tf as well, just need to be sure when to use them really.
It comes down to application if you ask me. But I don't like the m15 or the m30, a bit too slow to scalp, bit to fast to position.
Thank You
  • #5,471
  • Mar 17, 2010 3:35pm Mar 17, 2010 3:35pm
probably looks a bit messy to the untrained ML'er,
but good stuff nevertheless
Attached Image (click to enlarge)
Click to Enlarge Name: 180310.gif Size: 40 KB
  • #5,472
  • Mar 18, 2010 1:18am Mar 18, 2010 1:18am
Quoting wormboy
GBPUSD

1. short @5362 sl @NA (0.1)

Stop amended.

GBPUSD

1. short @5362 sl @5355 (0.1)
Thank You
  • #5,473
  • Mar 18, 2010 1:20am Mar 18, 2010 1:20am
Quoting wormboy
Closed partial

GBP JPY

1. short @137.71 closed @138.82 (0.1)


Remaining stop amended.

GBP JPY

1. short @137.71 sl @140.9 (0.2)



A little over half of my 7% gain for this month is put into this stop.
I am targeting 131 level for this short.
Okay, time to scalp. Let's see if I can manage to increase my gains to sustain this trade.
Good luck all

Remaining stop amended.

GBP JPY

1. short @137.71 sl @140.00 (0.2)
Thank You
  • #5,474
  • Mar 18, 2010 1:26am Mar 18, 2010 1:26am
Quoting wormboy
Stop amended.

GBPUSD

1. short @5362 sl @5355 (0.1)
good call bro just a simple question trend is changed again??no chance for it to go 56xx again?please update its still up in 4hr utl which is showing trend is change in monthly but if it break it then again it will back in bearish channel?confuse confuse please clear these things bro...

Ub
  • #5,475
  • Mar 18, 2010 1:34am Mar 18, 2010 1:34am
Azim,

You moved and changed careers?
  • #5,476
  • Mar 18, 2010 1:38am Mar 18, 2010 1:38am
Quoting ubaidahsan
good call bro just a simple question trend is changed again??no chance for it to go 56xx again?please update its still up in 4hr utl which is showing trend is change in monthly but if it break it then again it will back in bearish channel?confuse confuse please clear these things bro...

Ub

depends how you define your trend.
long term cable is still down, mid term is up & the immediate trend had just turned imho. Currently looks like previous 2 days surge up is about to be corrected.
And I don't know what utl & channel you're referring to. You need to put up a chart if we'd to discuss.

Good luck bro
Thank You
  • #5,477
  • Mar 18, 2010 1:43am Mar 18, 2010 1:43am
Quoting elliot_l
Azim,

You moved and changed careers?

lol yea. Tax issues
Thank You
  • #5,478
  • Mar 18, 2010 2:44am Mar 18, 2010 2:44am
Azim I'm short with you on dragon. I prefer to TP rather than get stopped. May I ask where you think a reasonable target on dragon would be?
  • #5,479
  • Mar 18, 2010 2:50am Mar 18, 2010 2:50am
shorted gy at 137.80 missed ej trendline break darn having to sleep.
  • #5,480
  • Mar 18, 2010 3:02am Mar 18, 2010 3:02am
Quoting elliot_l
Azim I'm short with you on dragon. I prefer to TP rather than get stopped. May I ask where you think a reasonable target on dragon would be?

once we clear current level, the next support is @135 level.
I'm going for 131 nonetheless, will just look to amend the stops & manage the trade. I've covered some ground to take this trade further.
Done my routine withdrawal to pay the bills even. Scott free from here on
Thank You
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