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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #5,801
  • Mar 29, 2010 1:24am Mar 29, 2010 1:24am
Quoting nAVIN2007
your stop is right at the resistance level its almost certain it will get hit and this will be the area traders will target for profit levels bro..gonna be an interesting week..have a good a safe one brother

catcha later bro!! gotta go work
I think nav has a good point here, I think we'll get to that resistance too.
"Hate the sin, love the sinner." - Gandhi
  • #5,802
  • Mar 29, 2010 2:05am Mar 29, 2010 2:05am
nav, gabe: you guys are right. I just woke up ... 16 pips from my stop now really, so might as well lol
I'll see this one out. Good luck guys!
Thank You
  • #5,803
  • Mar 29, 2010 2:06am Mar 29, 2010 2:06am
Quoting perstoman
Hello Wormboy!
I am still following your thread, but just keeping my mouth shout until I can start contributing with good analysis.
Meanwhile, I have one general question, which is where do you check FX related news and analysis?
I follow Bloomberg's currency section, forexlive.com, and couple of FF threads, but I am just curious if there's any other sources where I could get infos related to FX.
Well, if you know any other great source, plz let me know!
Always Thank you !...
hi welcome

I follow forexlive.
Thank You
  • #5,804
  • Mar 29, 2010 2:47am Mar 29, 2010 2:47am
Quoting wormboy
Closed partial

GBPUSD

3. short @4955 closed @4927 (0.2)

Remaining trade unchanged

GBPUSD

1. short @4883 sl @5000 (0.1)
2. short @4885 sl @5000 (0.2)

Trades stopped out

GBPUSD

1. short @4883 stopped @5000 (0.1)
2. short @4885 stopped @5000 (0.2)

welp, not the start that I would've hoped for. Staying flat for now.
Thank You
  • #5,805
  • Edited 5:12am Mar 29, 2010 4:03am | Edited 5:12am
Quoting wormboy
Trades stopped out

GBPUSD

1. short @4883 stopped @5000 (0.1)
2. short @4885 stopped @5000 (0.2)

welp, not the start that I would've hoped for. Staying flat for now.
dude,

week is young.

a move up made sense based on the thur/fri double bottom on the daily chart.

my overall bias short, so still treating this as a correction and exiting my long scalps at each relevant level. (unless we have a clean OHLC above the 28sma on the daily chart 15100 area)

here's my chart from Asia session with relevant levels marked off. ( you need to open it to properly see it, for some reason it looks super funky in the thumbnail view)

we may drop now to test the broken utl of the 4H descending channel from the 18th, or the neckline so watch thes areas for a bounce.

I'm in the middle of my house move and it's pure chaos so not much time to post this week, just scalping, packing, scalping, packing....lol

let's plan on a big ass sake by Friday, not those wimpy little bottles
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  • #5,806
  • Mar 29, 2010 4:06am Mar 29, 2010 4:06am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Sorry wormie...

dxy has touched it's 4 hr trendline. Seems it will revert to buy now, I reckon little fake breakout to the downside then reversal if we are in a true uptrend.

Else, dollar shorting will be confirmed if we actually close below the trendline. US debts will be massive because of healthcare bill and seems market is taking a serious note of it.


ta
ams



Quoting wormboy
Trades stopped out

GBPUSD

1. short @4883 stopped @5000 (0.1)
2. short @4885 stopped @5000 (0.2)

welp, not the start that I would've hoped for. Staying flat for now.
  • #5,807
  • Mar 29, 2010 4:48am Mar 29, 2010 4:48am
one more chart w/ the wide candle body zone on the daily. (one reason I'm looking at 15120 area for confirmation of long)
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  • #5,808
  • Mar 29, 2010 8:26am Mar 29, 2010 8:26am
Quoting ams
Sorry wormie...

dxy has touched it's 4 hr trendline. Seems it will revert to buy now, I reckon little fake breakout to the downside then reversal if we are in a true uptrend.

Else, dollar shorting will be confirmed if we actually close below the trendline. US debts will be massive because of healthcare bill and seems market is taking a serious note of it.


ta
ams

it's alrite ams, thanks
I still see dx creeping up unless it can close below 81.25 tbh
Time will tell. Hope you are trading well. Good luck
Thank You
  • #5,809
  • Mar 29, 2010 8:32am Mar 29, 2010 8:32am
Quoting Fudomyo
I'm in the middle of my house move and it's pure chaos so not much time to post this week, just scalping, packing, scalping, packing....lol

let's plan on a big ass sake by Friday, not those wimpy little bottles

Hi fudo!
Well, i'm not moving house but, been doing the same as you since morning today, except it's just scalping, scalping, scalping. Busy busy busy.
So I've managed slightly over 100pips on full lot (100k). Made some money & covered earlier loss in the process
We don't mope around, pass the sake bro!

currently 3 positions (30k) had initiated @4984, @4977, & @4975. Will leave those to work.
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Thank You
  • #5,810
  • Mar 29, 2010 8:36am Mar 29, 2010 8:36am
call me stubborn, but I'll be sticking to my guns & keep shorting for now
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Thank You
  • #5,811
  • Mar 29, 2010 8:39am Mar 29, 2010 8:39am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
right indeed, as I do not see some HF bought 3 billion dollars for nothing/sh*t giggles and they would let their money going down the drain for nothing.

You short now?

ta
ams


Quoting wormboy
it's alrite ams, thanks
I still see dx creeping up unless it can close below 81.25 tbh
Time will tell. Hope you are trading well. Good luck
  • #5,812
  • Mar 29, 2010 8:53am Mar 29, 2010 8:53am
Quoting ams
right indeed, as I do not see some HF bought 3 billion dollars for nothing/sh*t giggles and they would let their money going down the drain for nothing.

You short now?

ta
ams
yes sir, i have 3 small lots left open (10k) @4984, @4977, & @4975
not scalping from here. just waiting. you?
Thank You
  • #5,813
  • Mar 29, 2010 9:01am Mar 29, 2010 9:01am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
good luck!

I am short crude @ 82. Trying different options then just currency. It's a beast like geppy. Moves quick!

I've this weird feeling that 1508-151 is on the cards for some reason. May be to clear shorts etc but I do not see cable tanking yet, range maybe. Half the world is short on EU and GU and it gives banks/brokers all motives in the world to get their as**s covered.

You are in the trade so I would love and will be happy to be proven wrong though :-)

ta
ams


Quoting wormboy
yes sir, i have 3 small lots left open (10k) @4984, @4977, & @4975
not scalping from here. just waiting. you?
  • #5,814
  • Mar 29, 2010 9:09am Mar 29, 2010 9:09am
Quoting ams
good luck!

I am short crude @ 82. Trying different options then just currency. It's a beast like geppy. Moves quick!

I've this weird feeling that 1508-151 is on the cards for some reason. May be to clear shorts etc but I do not see cable tanking yet, range maybe. Half the world is short on EU and GU and it gives banks/brokers all motives in the world to get their as**s covered.

You are in the trade so I would love and will be happy to be proven wrong though :-)

ta
ams
Funny I'm under this impression half the world is now long on gu & eu! lol
I don't mind to be proven wrong too brother, as long as you're not affliated to fxcm & is on the other side of my short!
Thank You
  • #5,815
  • Mar 29, 2010 9:26am Mar 29, 2010 9:26am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
oh no mate!! I am with IGmarkets..I only use mt4 for charting.
Nope, all pro's (bank folks) are indeed short..some of them are short from 159 and still holding so least to say that they are well over then safe

This time you will be proved right wormie...atleast I can hope for you as I am not in the trade yet but thinking seriously as Eg has started to mount it's head up. Thinking of going short for geppy @ 139. Has served well in the past on this level but nothing (uk news etc) apart from EG can drag this beast down. SO holding my horses.

We are waiting for spikes now I reckon. Nothings movin.

ta
ams



Quoting wormboy
Funny I'm under this impression half the world is now long on gu & eu! lol
I don't mind to be proven wrong too brother, as long as you're not affliated to fxcm & is on the other side of my short!
  • #5,816
  • Mar 29, 2010 9:29am Mar 29, 2010 9:29am
my eu trade of last week got stopped out and i am looking to short again. and in line with my last week's chart, i am not looking to go long on gu till price closes above 5050ish..

Quoting wormboy
Funny I'm under this impression half the world is now long on gu & eu! lol
I don't mind to be proven wrong too brother, as long as you're not affliated to fxcm & is on the other side of my short!
  • #5,817
  • Mar 29, 2010 10:02am Mar 29, 2010 10:02am
Quoting wormboy
call me stubborn, but I'll be sticking to my guns & keep shorting for now
Good luck bro, I'm on the other side but not too distant from the take profit...It's possible I will close lower and you can be back riding it but I hope not under 100 pips of profit.

The Aud buy at 0.9080 is really paying off now didn't expect to go this much in 1 day, really a ticking bomb with AUD and could skyrocket again.
"Hate the sin, love the sinner." - Gandhi
  • #5,818
  • Mar 29, 2010 10:03am Mar 29, 2010 10:03am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
news on the wire US treasury to sell All their stake in citigroup...
meaning lots of dollar flying around and whosoever will buy (if from outside USA) their currency will fly. Didn't quite understand the reaction on friday it's all coming together now.






Quoting ams
oh no mate!! I am with IGmarkets..I only use mt4 for charting.
Nope, all pro's (bank folks) are indeed short..some of them are short from 159 and still holding so least to say that they are well over then safe

This time you will be proved right wormie...atleast I can hope for you as I am not in the trade yet but thinking seriously as Eg has started to mount it's head up. Thinking of going short for geppy @ 139. Has served well in the past on this level but nothing (uk news etc) apart from EG can drag this beast down. SO holding my horses.

We...
  • #5,819
  • Mar 29, 2010 10:04am Mar 29, 2010 10:04am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Gaby, you are doing very well.

What do you use for charting?

ta
ams

Quoting TheGabriel
Good luck bro, I'm on the other side but not too distant from the take profit...It's possible I will close lower and you can be back riding it but I hope not under 100 pips of profit.

The Aud buy at 0.9080 is really paying off now didn't expect to go this much in 1 day, really a ticking bomb with AUD and could skyrocket again.
  • #5,820
  • Mar 29, 2010 11:11am Mar 29, 2010 11:11am
Hey guys I love this thread, I can always compare your trade ideas with mine to atleast feel a bit more confidant. I was wondering on your thoughts on gbp.jpy? I've just gone short, but am not sure if that was a good idea. I went short because I don't think it'll be able to break the 1 day 50 moving average.
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