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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #7,201
  • Jun 14, 2010 3:07am Jun 14, 2010 3:07am
Quoting wormboy
you must be high bro.





yes. you can read me like a book now
the chart is attached below.

Actually.... as usual i have a question for u... i was searching for the answer on the internet, but didn't find yet. When a pattern like "rising wedge" is confirmed not to be valid? when the upper trendline is broken and confirmed????
I don't want a job, i want money!
  • #7,202
  • Jun 14, 2010 3:53am Jun 14, 2010 3:53am
Quoting dario1002
Actually.... as usual i have a question for u... i was searching for the answer on the internet, but didn't find yet. When a pattern like "rising wedge" is confirmed not to be valid? when the upper trendline is broken and confirmed????
yes.
In this case, if price close above the asc ltl, it'll be a continuation of last week's upmove.
Thank You
  • #7,203
  • Jun 14, 2010 4:11am Jun 14, 2010 4:11am
Quoting wormboy
yes.
In this case, if price close above the asc ltl, it'll be a continuation of last week's upmove.

So by the book... shorts taken by rising wedge should be closed now?
I don't want a job, i want money!
  • #7,204
  • Jun 14, 2010 4:20am Jun 14, 2010 4:20am
Quoting dario1002
So by the book... shorts taken by rising wedge should be closed now?
at the close of this hour.
if price is above the ltl cleanly, i will have to close the trade.

few more pips to friday's high. we'll see what happens there
Thank You
  • #7,205
  • Jun 14, 2010 4:45am Jun 14, 2010 4:45am
Quoting wormboy
at the close of this hour.
if price is above the ltl cleanly, i will have to close the trade.

few more pips to friday's high. we'll see what happens there

and if this hour closes like doji.. will add some more to shorts?
I don't want a job, i want money!
  • #7,206
  • Jun 14, 2010 11:03am Jun 14, 2010 11:03am
Quoting wormboy
GBPUSD

1. short @4663 sl @4780 (1.0)

Trade stopped out.

GBPUSD

1. short @4663 stopped @4780 (1.0)


Bad trading day. Honestly didn't expect all the levels to be taken out after that massive drop on friday really.
Hope everyone else had a better day than I did

Okay. back to football!
Thank You
  • #7,207
  • Jun 14, 2010 11:32am Jun 14, 2010 11:32am
Quoting wormboy
Trade stopped out.

GBPUSD

1. short @4663 stopped @4780 (1.0)


Bad trading day. Honestly didn't expect all the levels to be taken out after that massive drop on friday really.
Hope everyone else had a better day than I did

Okay. back to football!
Well I didn't bro. Got suckered into a couple loosing shorts on the way up myself. Taking one more shot though from 4780.
Ghost Rider - WWTBMD?
  • #7,208
  • Jun 14, 2010 9:29pm Jun 14, 2010 9:29pm
Quoting albchr
Well I didn't bro. Got suckered into a couple loosing shorts on the way up myself. Taking one more shot though from 4780.
hopefully we trade better today bro
Thank You
  • #7,209
  • Jun 14, 2010 9:30pm Jun 14, 2010 9:30pm
orite lads

so what now? tee hee.
welp, I am currently waiting for a breakout of this pennant like formation to trade.
If I had to guess based on what's printed on the chart right now, I'd have to lean towards bullish continuation.
Sure as hell is going to take a lot of moving before I short tho tbh, as I have the lower pennant res, the small cluster supp/res, the daily & monthly pivot below current price. I have decided to only short if all those mentioned levels are taken out. Sure is a lot easier for me to go long as I only have the upper pennant resistance to contend with before placing an order.
And gaps, there's always that gap debate. And I have a gaping one from the weekly open yesterday which keeps me looking over my shoulder

Anyway, position is now flat & will only take the trade based on either one of the setups mentioned earlier.
Hope everyone have a great trading week. Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
Thank You
  • #7,210
  • Jun 14, 2010 11:15pm Jun 14, 2010 11:15pm
GBPUSD

1. long @4755 sl @4655 (1.0)
Thank You
  • #7,211
  • Jun 14, 2010 11:17pm Jun 14, 2010 11:17pm
Quoting wormboy
GBPUSD

1. long @4755 sl @4655 (1.0)
I am with you, here and on G/J
  • #7,212
  • Jun 15, 2010 1:29am Jun 15, 2010 1:29am
Quoting wormboy
GBPUSD

1. long @4755 sl @4655 (1.0)

Trade closed.

GBPUSD

1. long @4755 closed @4708 (1.0)

Seems like placing order during asia's been a failure this past few days.
That's one lesser trade from tomorrow.
Thank You
  • #7,213
  • Jun 15, 2010 8:30am Jun 15, 2010 8:30am
hi guys

could get a nice ride up on cable imho with dx breaking the ltl supp & printing new low. The gbplfx is again testing the weekly res level.
Dx target is possibly @85.3 & should the weekly res on gbplfx goes, 2.712 is the obvious next level to look for. Could well take cable towards 1.5 if that happens.

Time will tell how this pans out. Good luck

p/s : portugal & brazil are up tonite.!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dx4.gif Size: 22 KB
Click to Enlarge Name: gbplfx.gif Size: 26 KB
Thank You
  • #7,214
  • Jun 17, 2010 2:39am Jun 17, 2010 2:39am
Hi guys

here's my update on cable. We're in sell mode with possibly 4615 & 4550 as the target levels.

1. http://www.forexfactory.com/showpost...stcount=231983
2. http://www.forexfactory.com/showpost...stcount=232031


Good luck!
Thank You
  • #7,215
  • Jun 17, 2010 5:19am Jun 17, 2010 5:19am
GBPUSD

1. short @4811 sl @4875 (1.0)
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.gif Size: 33 KB
Thank You
  • #7,216
  • Jun 18, 2010 3:00am Jun 18, 2010 3:00am
Quoting wormboy
GBPUSD

1. short @4811 sl @4875 (1.0)

Trade stopped out.

GBPUSD

1. short @4811 stopped @4875 (1.0)
Thank You
  • #7,217
  • Jun 18, 2010 4:30am Jun 18, 2010 4:30am
GBPJPY

1. short @134.62 sl @135.20 tp @133.85 (1.0)
Thank You
  • #7,218
  • Jun 18, 2010 5:11am Jun 18, 2010 5:11am
Quoting wormboy
GBPJPY

1. short @134.62 sl @135.20 tp @133.85 (1.0)

Trade closed

GBPJPY

1. short @134.62 closed @134.11 (1.0)
Thank You
  • #7,219
  • Jun 18, 2010 5:17am Jun 18, 2010 5:17am
Quoting wormboy
Trade closed

GBPJPY

1. short @134.62 closed @134.11 (1.0)

that was FAST!
I don't want a job, i want money!
  • #7,220
  • Jun 19, 2010 2:52am Jun 19, 2010 2:52am
Quoting dario1002
that was FAST!
lol yep

new trade setup I've been working on for the past 2 months, not extensively, but it had been in the works & I've so far only run the trade 3 times on live. 100% success rate. Still early days, but it does look like another setup which I am ready to include in my arsenal
Thank You
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