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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #8,561
  • Oct 7, 2010 1:52am Oct 7, 2010 1:52am
hi guys

Here is my view on EU... basically we are having the same patter repeating itself over and over again.. that is the 4th push happening basically in the same way. oth the other side we are having a 4th bearish divergence ( don't even know if there is such thing.. but the concept of divergence should suggest that there could be as many as possible).

On the other side we are approaching a very important round number 1.40, which could provide some interesting point of resistence. Trying to talk big, if we are able to break the 3850 area, the first confluence zone that provided a good support place was 37 something, while for the upside i have as next interesting zone the area around 4170.

any comments are welcome
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I don't want a job, i want money!
  • #8,562
  • Oct 7, 2010 1:54am Oct 7, 2010 1:54am
Quoting dario1002
i bet there isn't any insider trading involved in it
nooooo .. that would be immoral
Thank You
  • #8,563
  • Oct 7, 2010 1:56am Oct 7, 2010 1:56am
Quoting KwAAkS
Hola,

On Dragon a nice falling wedge is developing. could be a nice few hundred pip trade.
i saw that too mate, but at the rate the dollar yen is falling i'll wait a while
Thank You
  • #8,564
  • Oct 7, 2010 1:57am Oct 7, 2010 1:57am
Quoting ubaidahsan
oopss what is next bro buy from here or wait for it i am in doubt to buy EU and AU both are on top without correction so please advice about AU and EU also AU is on historical high worth to short it or wait ?

thanks

Ub
i'm gonna wait bro. no trades at the moment. I was getting drawn into all the fun it was starting to get out of hand. I'll wait till it calms down a bit.
Thank You
  • #8,565
  • Oct 7, 2010 3:03am Oct 7, 2010 3:03am
GBPUSD

1. long @5936 sl @5720 (2.0)
Thank You
  • #8,566
  • Oct 7, 2010 4:18am Oct 7, 2010 4:18am
Quoting wormboy
GBPUSD

1. long @5936 sl @5720 (2.0)
what is your target bro

Ub
  • #8,567
  • Oct 7, 2010 4:21am Oct 7, 2010 4:21am
Quoting wormboy
GBPUSD

1. long @5936 sl @5720 (2.0)

Closed partial

GBPUSD

1. long @5936 closed @6001 (1.0)

Remaining trade unchanged

GBPUSD

1. long @5936 sl @5720 (1.0)
Thank You
  • #8,568
  • Oct 7, 2010 4:23am Oct 7, 2010 4:23am
Quoting ubaidahsan
what is your target bro

Ub

1.6250
Thank You
  • #8,569
  • Oct 7, 2010 4:39am Oct 7, 2010 4:39am
Quoting wormboy
1.6250
so you will hold it from now on for long term SL or tp whatever hit?
if yes so i am also going to hold for long term with you...
Ub
  • #8,570
  • Oct 7, 2010 4:51am Oct 7, 2010 4:51am
Quoting ubaidahsan
so you will hold it from now on for long term SL or tp whatever hit?
if yes so i am also going to hold for long term with you...
Ub
yep, that's the plan unless i see something along the way that is going to make me change my mind
Thank You
  • #8,571
  • Oct 7, 2010 5:14am Oct 7, 2010 5:14am
Quoting wormboy
1.6250
intermediary. long term 1.70. remember? (thx for joining me, bro)
  • #8,572
  • Oct 7, 2010 6:13am Oct 7, 2010 6:13am
Quoting wormboy
Current stall is at the d1 & w1 pvp resistance but after price had taken out previous hi & invalidating previous day doji I am inclined towards cable testing new highs. I'm maintaining current long position as price is trading above the dp & will only reevaluate my trade position if price close below the dp.
Let's see how it goes.

Good luck
okay we got the new highs anticipated. current stall is at the secondary daily resistance & monthly resistance. Will we go higher? Well judging by the previous bar close, I won't bet against it. But will we get it today is another matter as cable had done its daily range. I've cleared partial profit and left the remaining to work. No change of bias and direction for me atm. See you all at LO tomorrow.

Good luck
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Thank You
  • #8,573
  • Oct 7, 2010 6:14am Oct 7, 2010 6:14am
Quoting AnonYmos
intermediary. long term 1.70. remember? (thx for joining me, bro)
a worm never forgets

you're welcome bro, later!
Thank You
  • #8,574
  • Oct 7, 2010 10:29am Oct 7, 2010 10:29am
Quoting wormboy
yep, that's the plan unless i see something along the way that is going to make me change my mind
theres a range playing out..those dofuses in cable thread..making my head hurt

anyways if it breakout of the red area we stuffed or need to rethink
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  • #8,575
  • Edited 6:22pm Oct 7, 2010 5:39pm | Edited 6:22pm
GBPJPY

1. long @130.81 sl @ 130.20 (1.0)
Thank You
  • #8,576
  • Oct 7, 2010 6:10pm Oct 7, 2010 6:10pm
Quoting nAVIN2007
theres a range playing out..those dofuses in cable thread..making my head hurt

anyways if it breakout of the red area we stuffed or need to rethink
i was a bit shocked to see price test those lows when i woke up this morning, because I took off yesterday when seeing price steadied after the ecb rates I didn't think we'd see any radical movements. Price missed the W1 pvp by about 10 pips or so before pushing back up. Pretty extreme moves yesterday I reckon tons of stops were triggered on both ends. Anyway, 2 H4 dojis dead on day open says today can go either way but I'm staying long till at least a test at the dp. I'll decide then what to do.

Catch you later
Thank You
  • #8,577
  • Oct 7, 2010 6:35pm Oct 7, 2010 6:35pm
Quoting wormboy
GBPJPY

1. long @130.81 sl @ 130.20 (1.0)

Here's why I took the counter trade.
Yesterday price stopped dead on the 61.8% from the previous swing low @127.6 to the high @135.02
The projected pullback is at least towards the 50% which is also the monthly pivot @131.3
I'll re evaluate my trade position once price gets there.

Good luck
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Thank You
  • #8,578
  • Oct 7, 2010 9:58pm Oct 7, 2010 9:58pm
Hello Azim! target hit today! I see you have been in and out!
Please not a fundamental reminder for US Jobs and NFP tomorrow.

Looking to take 6000 on cable if the data is poor perhaps reaching 6100.

If the data is USD positive, cable may correct further in my view.
Good luck and happy trading,
X

Quoting XTrade
Hey Azim,
Long time no speak. How goes it?
I am long as well. Targeting .6000 first.
Talk to you later.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #8,579
  • Oct 8, 2010 12:56am Oct 8, 2010 12:56am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
you might need to give some room to your SL wormie....perhaps 29700





Quoting wormboy
Here's why I took the counter trade.
Yesterday price stopped dead on the 61.8% from the previous swing low @127.6 to the high @135.02
The projected pullback is at least towards the 50% which is also the monthly pivot @131.3
I'll re evaluate my trade position once price gets there.

Good luck
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  • #8,580
  • Oct 8, 2010 2:08am Oct 8, 2010 2:08am
Quoting ams
you might need to give some room to your SL wormie....perhaps 29700
hi ams

nah mate, I'm not budging. That's the most I'll allow the stop to go. Thanks for the heads up!
Thank You
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