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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #6,101
  • Apr 12, 2010 12:10am Apr 12, 2010 12:10am
Quoting Fudomyo
GU long above the yellow TL 15450 area, short below the steep white TL 15400 area. Waiting on the breakout. CU London
out here at 15482. +30. book some pips to start the week. will go back in after we retest the TL.
no big risks. only trading when a clear opportunity presents itself. want lots of nice small profits to close the week +800 points.
  • #6,102
  • Apr 12, 2010 4:00am Apr 12, 2010 4:00am
Quoting wormboy
EurUsd

1. short @3652 sl @3715 tp @3578 (0.1)

Be back London.

Adjusted target level.

EurUsd

1. short @3652 sl @3700 tp @3515 (0.1)

A couple of top reversals had been spotted earlier & the target level is a confluence of immediate supp level @ 50% fib retracement.
Let's see how it goes. Be back ny session. Good luck.
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Thank You
  • #6,103
  • Apr 12, 2010 4:22am Apr 12, 2010 4:22am
here's a 4H est chart for an alternate view of current GU PA.
direction still not sorted.

just scalping this tiny range until we break out. leaning short.
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  • #6,104
  • Apr 12, 2010 8:36am Apr 12, 2010 8:36am
Quoting wormboy
Adjusted target level.

EurUsd

1. short @3652 sl @3700 tp @3515 (0.1)
.

Trade closed

EurUsd

1. short @3652 closed @3598 (0.1)

Looks like euro might test the highs set earlier.
Thank You
  • #6,105
  • Apr 12, 2010 8:40am Apr 12, 2010 8:40am
GBPUSD

1. long @5410 sl @5360 (0.1)
Thank You
  • #6,106
  • Apr 12, 2010 8:41am Apr 12, 2010 8:41am
Quoting wormboy
Trade closed

EurUsd

1. short @3652 closed @3598 (0.1)

Looks like euro might test the highs set earlier.
Though I am usually wrong but I have the same opinion about Gbpusd....lets see
Raza
  • #6,107
  • Apr 12, 2010 8:47am Apr 12, 2010 8:47am
is it rising wedge&broke down?
ty
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  • #6,108
  • Apr 12, 2010 9:05am Apr 12, 2010 9:05am
Quoting riko2705
is it rising wedge&broke down?
ty
Here's what I am looking at. Atm I am more inclined towards dragon crashing back to 140.
But, it depends on who's driving the bus, UY or GU.
Attached Image (click to enlarge)
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Thank You
  • #6,109
  • Apr 12, 2010 9:09am Apr 12, 2010 9:09am
thank you wb; for ur comment and chart
good trades
  • #6,110
  • Apr 12, 2010 9:27am Apr 12, 2010 9:27am
Quoting riko2705
thank you wb; for ur comment and chart
good trades
You're welcome.

Here's the view from H1, also atm supporting the bearish view we have on the H4 with the bearish divergence.
Trade carefully tho, divergence is a good indication of a possible turn, but it can still take a while before playing out. Scaling in is the easiest way to manage trades taken based on divergences imho. For example in this scenario we have with the dragon currently, If supposedly one wants to sell, it's best to sell half or quarter of the intended position size & only add further once osc turns below 0 level. That way, losses can be kept to a minimum if the divergence does not materialize. Just a thought.
Good luck with your trade.
Attached Image (click to enlarge)
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Thank You
  • #6,111
  • Apr 12, 2010 9:44am Apr 12, 2010 9:44am
thank u again wb
ı planned as u said
but ı am afraid a thing like a morning star forming
if so ı will close it
ty and good trades
  • #6,112
  • Apr 12, 2010 10:41am Apr 12, 2010 10:41am
GBPJPY

1. long @143.37 sl @143.15 tp @143.9 (0.1)
Thank You
  • #6,113
  • Apr 12, 2010 10:56am Apr 12, 2010 10:56am
Quoting wormboy
GBPJPY

1. long @143.37 sl @143.15 tp @143.9 (0.1)
good luck wb
wish you have best week
  • #6,114
  • Apr 12, 2010 11:16am Apr 12, 2010 11:16am
Quoting riko2705
good luck wb
wish you have best week
you too buddy, have a good one
I'm done for the day. Catch you tomorrow.
Thank You
  • #6,115
  • Apr 12, 2010 11:18am Apr 12, 2010 11:18am
Quoting wormboy
GBPUSD

1. long @5410 sl @5360 (0.1)

Trade stopped out.

GBPUSD

1. long @5410 stopped @5360 (0.1)


I'll probably get stopped out on the dragon trade as well. only 10 pips away.
Will re evaluate tomorrow. Ta!
Thank You
  • #6,116
  • Apr 12, 2010 11:30am Apr 12, 2010 11:30am
Quoting wormboy
Trade stopped out.

GBPUSD

1. long @5410 stopped @5360 (0.1)


I'll probably get stopped out on the dragon trade as well. only 10 pips away.
Will re evaluate tomorrow. Ta!
take care Wormie.....chip chop PA all along today......:-s
Raza
  • #6,117
  • Apr 12, 2010 11:32am Apr 12, 2010 11:32am
In regards to cable, as it stands, it's still buying the dips. Major resistance is @5380. However, I will look to the d1 close later to gauge buyer/seller strength & if the long bias will still be in favour. Between 5300 & 5380 I do not plan to place any trades, I will either start to sell below 5300 or buy the dips above 5380. Not planning to scalp this week, feeling a bit drained with too many screentime spent.
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Thank You
  • #6,118
  • Apr 12, 2010 11:36am Apr 12, 2010 11:36am
Quoting shr5
take care Wormie.....chip chop PA all along today......:-s
you too ali, take care.
up by 286 pips today, slightly over 400usd. Not much, but I wouldn't complain after going through a losing week, last week
Thank You
  • #6,119
  • Edited 1:06pm Apr 12, 2010 12:12pm | Edited 1:06pm
Quoting wormboy
up by 286 pips today, slightly over 400usd. Not much, but I wouldn't complain after going through a losing week, last week
nicely done!

not much time to post this week, but here's a quick chart w/ next breakout lines I'm looking at.

support is pretty strong GY atm. expecting a bounce up to test prior support as resistance first, if resistance holds and we can crack 143.1, next 142.7 then 141.

hope you have a great week
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  • #6,120
  • Apr 12, 2010 1:57pm Apr 12, 2010 1:57pm
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)
this 1 should have sure filled the account..have been good bro..prefer trading more in group this dayz...hope you racking in all the pips...grab as much as you can,and leave nothing behind..cheers..HOLLAhttp://cdn.forexfactory.com/images/s...yim/rockon.gif
...Captain Sycho http://cdn.forexfactory.com/images/s...im/winking.gif __________________
Imanuel Parsifal
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