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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #7,081
  • Edited 3:15am Jun 3, 2010 2:28am | Edited 3:15am
took my pips off the table on the long. skipped the short for the moment.

what's up with this PA? really slow... lol

best to wait for the break out.

edit: looks like we'll chop around for a bit. may have to wait on Services PMI to get this moving. if that doesn't do it, then it's up to NY.




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  • #7,082
  • Jun 3, 2010 3:55am Jun 3, 2010 3:55am
Got a very good setup on our dearest beast still holding up.
Posted at Auslanco's thread earlier here, here & here.
Hopefully it can be of help to anyone still or about to trade it.
Good luck
Thank You
  • #7,083
  • Jun 3, 2010 3:57am Jun 3, 2010 3:57am
Quoting Fudomyo
One more chart for the long term GU play. Bullish weekly breakout line (circled yellow) with some potential upside targets should this thing pop.

But of course, not getting too excited...yet. Typical NFP positioning, smaller moves 4H and under today.


Have good rest before the main event, ...should be fun!

Wednesday NY session before NFP is typically shite so I slept instead for a change... lol
Always spooks me how we get different charts. My provider gives me a hammer in addition to the doji.
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  • #7,084
  • Jun 3, 2010 3:57am Jun 3, 2010 3:57am
Quoting Fudomyo
took my pips off the table on the long. skipped the short for the moment.

what's up with this PA? really slow... lol

best to wait for the break out.

edit: looks like we'll chop around for a bit. may have to wait on Services PMI to get this moving. if that doesn't do it, then it's up to NY.




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Looks like adp will set the sharks free bro. Not looking like we'd move much between now & then. Time for pachinko!
Thank You
  • #7,085
  • Jun 3, 2010 4:03am Jun 3, 2010 4:03am
Hey guys! What?s your take on EU? I know it's bit awkward asking 1 day before NFP. But I mean the general overall picture. Mayn of the other pairs seem to be bottoming out. But can't really make sense of EU. Thanks for sharing your thoughts.
  • #7,086
  • Jun 3, 2010 4:55am Jun 3, 2010 4:55am
Quoting AnonYmos
Always spooks me how we get different charts. My provider gives me a hammer in addition to the doji.
Your chart is GMT based, so standard setup. The chart I posted is EST, NY setup. I watch JST, GMT, and EST. Sometimes the differential provides additional information on the weekly, daily, and especially 4H TFs.
It's also interesting to see what the local boys are looking at during open sessions.

In the end, it all levels out, so I don't think one particular regional setting gives "better" candle signals then another, usually they confirm each other.


Quoting wormboy
Looks like adp will set the sharks free bro. Not looking like we'd move much between now & then. Time for pachinko!
yep

closed my GY/GU longs earlier, we had a beautiful thunderstorm here and then the sun broke out, so was already out playing.

be back for adp!
  • #7,087
  • Edited 6:36am Jun 3, 2010 6:26am | Edited 6:36am
Quoting AnonYmos
Hey guys! What?s your take on EU? I know it's bit awkward asking 1 day before NFP. But I mean the general overall picture. Mayn of the other pairs seem to be bottoming out. But can't really make sense of EU. Thanks for sharing your thoughts.
I don't trade EU but took a quick look.

is just ranging sideways for the moment. 1H 200ema is containing price.

I marked off a couple of areas I'd be looking at for breakout and some potential TP targets. obviously the bigger move will be a break below 1.2110 support or above 1.2451 resistance, but initially these levels would be good TP targets while you're still in the range.
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  • #7,088
  • Jun 3, 2010 6:37am Jun 3, 2010 6:37am
Quoting Fudomyo
I don't trade EU but took a quick look.

is just ranging sideways for the moment. 1H 200ema is containing price.

I marked off a couple of areas I'd be looking at for breakout and some potential TP targets. obviously the bigger move will be a break below 1.2110 support or above 1.2451 resistance, but initially these levels would be good TP targets while you're still in the range.
Thanks, bro.
  • #7,089
  • Jun 3, 2010 11:13am Jun 3, 2010 11:13am
typical pre nfp day. very ho-hum on cable & dragon.
let's see if they'll run it up before the D1 close like yesterday. The remaining 2 small positions I still have running from 4267 is now locked @4530. Tp has not been reset yet, still @1.5.
Be back later at tokyo open
Thank You
  • #7,090
  • Jun 3, 2010 6:44pm Jun 3, 2010 6:44pm
Quoting wormboy
So possible a bit of consolidation or a slight drop back for the previous day retest on the gbpjpy @135.42
All this is if the buying stalls here, however if it doesn't, then 138.55 is the next obvious target.
orite lads

right where we left off with that last post yesterday, pretty predictable day except that when price did test day opening price and fell thru a bit. Bounced off dp nonetheless & with 30 minutes left on the clock looks like we'll be closing bullish, if only just.
The lfxjpy still is showing yen weakness so we're still bullish on the gbpjpy atm and the upside target of 138.55 stands.
Nfp day tho, trade safe & best of luck
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Thank You
  • #7,091
  • Jun 3, 2010 6:55pm Jun 3, 2010 6:55pm
Quoting wormboy
typical pre nfp day. very ho-hum on cable & dragon.
let's see if they'll run it up before the D1 close like yesterday. The remaining 2 small positions I still have running from 4267 is now locked @4530. Tp has not been reset yet, still @1.5.
Be back later at tokyo open
Welp, 7 minutes on the clock & about 30 odd pips to another doji lol. Will they pull it off again?
Anyhoo, seeing some sentiments from others shifting back to bearish. Not me, no new high yes, but no new low. So, I won't be cashing in yet.
Thank You
  • #7,092
  • Jun 3, 2010 8:15pm Jun 3, 2010 8:15pm
Quoting wormboy
Welp, 7 minutes on the clock & about 30 odd pips to another doji lol. Will they pull it off again?
Anyhoo, seeing some sentiments from others shifting back to bearish. Not me, no new high yes, but no new low. So, I won't be cashing in yet.
And cable closed a high wave pattern, yet another indecision. Not surprising considering the nfp.
The tone is set back to neutral today & personally, unless scalping or holding positions already in profit, I wouldn't recommend positioning for a new position before nfp is out of the way & we get a better sense of direction.
Just a thought.


Good luck
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Thank You
  • #7,093
  • Jun 3, 2010 10:35pm Jun 3, 2010 10:35pm
AS par usual wormie great work, i see cable is exhausted around this point on the monthly pivot as we are in the start of the new month short or long this is a ideal area to set a position with a longer term view ..
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  • #7,094
  • Jun 4, 2010 12:25am Jun 4, 2010 12:25am
Quoting AnonYmos
Thanks, bro.
dude, did you end up taking the EU trade?

it hit the first TP target on the nose from the BO line.
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  • #7,095
  • Jun 4, 2010 12:28am Jun 4, 2010 12:28am
Quoting Fudomyo
dude, did you end up taking the EU trade?

it hit the first TP target on the nose from the BO line.
nice call man. I took that one too, i'm gonna hang on for next target
  • #7,096
  • Edited 1:34am Jun 4, 2010 12:35am | Edited 1:34am
Quoting uraceulose
nice call man. I took that one too, i'm gonna hang on for next target
hi Donny,

nice one!

see what happens from here. is testing 1.2172 as resistance now, if it holds, it'll test 1.2151 again, not much between that and the bottom of the range.

Hope you took some off the table at the first TP target.

step by step in this crazy market. lol

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  • #7,097
  • Jun 4, 2010 12:36am Jun 4, 2010 12:36am
Quoting Fudomyo
hi Donny,

nice one!
thank you sir!
  • #7,098
  • Jun 4, 2010 3:03am Jun 4, 2010 3:03am
Quoting Fudomyo
dude, did you end up taking the EU trade?

it hit the first TP target on the nose from the BO line.
No way, bro. Your analysis was good but but I want to see what happens around 1.2140 first and in addition it is pre-NFP and PA was just too spooky for me. Got a GU and a GY long open covered and with some nice pips locked. So no need for action. Have fun today!
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  • #7,099
  • Edited 6:34am Jun 4, 2010 6:22am | Edited 6:34am
2nd TP target hit. Now let's see if the range holds.
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  • #7,100
  • Jun 4, 2010 6:53am Jun 4, 2010 6:53am
... timber! had to check 2005 lows for next targets. under that lots of air. time 4 a rest....out here 1.2045.

holy smokes, I could start to like EU. but not much SR to work with down here. lol

that was fun! back to GY/GU
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