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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #8,941
  • Nov 8, 2010 6:27pm Nov 8, 2010 6:27pm
Quoting wormboy
price reached bottom of range @1.39 level, coincides with the monthly pvp.
price is also above daily range & ltf is showing a divergence. Possible turn upwards if price close above 1.393 Just a heads up.

Good luck.
current price is well below the monthly pvp after the earlier breakout and negating all possible topside pullback. Immediate support seen is @1.3836 while the recently broken pivot serves as resistance @1.3898
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  • #8,942
  • Nov 8, 2010 7:22pm Nov 8, 2010 7:22pm
Nice reversal! Right on time.
Cap
  • #8,943
  • Nov 9, 2010 2:09am Nov 9, 2010 2:09am
Quoting wormboy
current price is well below the monthly pvp after the earlier breakout and negating all possible topside pullback. Immediate support seen is @1.3836 while the recently broken pivot serves as resistance @1.3898
okay we've had the 1.3836 support being tested earlier. The level had held, but since price hadn't manage to retest the monthly pvp, id bias remains bearish.
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  • #8,944
  • Nov 9, 2010 3:25am Nov 9, 2010 3:25am
Quoting wormboy
okay we've had the 1.3836 support being tested earlier. The level had held, but since price hadn't manage to retest the monthly pvp, id bias remains bearish.
Retest of 1.3836 had been rejected earlier - barely. Intraday remains bearish with no new high & price being below the monthly pvp. A clean break & close below 1.3836 support will signal continuation. At the moment, buying in between the monthly pvp resistance & d1 support is a low probability trade.

Good luck.


p/s : just for the record, I am not trading the eurusd, just trying to sound smart as usual lol
My active position is only cable short.
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  • #8,945
  • Nov 9, 2010 3:55am Nov 9, 2010 3:55am
Quoting wormboy
Retest of 1.3836 had been rejected earlier - barely. Intraday remains bearish with no new high & price being below the monthly pvp. A clean break & close below 1.3836 support will signal continuation. At the moment, buying in between the monthly pvp resistance & d1 support is a low probability trade.

Good luck.


p/s : just for the record, I am not trading the eurusd, just trying to sound smart as usual lol
My active position is only cable short.
didn't see this squeeze coming tbh. easy 60 pips for those who bought off the strong bounce off the d1 support which had sent price all the way back up for the monthly pvp retest. Close above the pvp resistance will signal a continuation & flip intraday bias to bullish. Failure, will likely see a retest of support.

Good luck.
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  • #8,946
  • Nov 9, 2010 4:10am Nov 9, 2010 4:10am
Quoting wormboy
didn't see this squeeze coming tbh. easy 60 pips for those who bought off the strong bounce off the d1 support which had sent price all the way back up for the monthly pvp retest. Close above the pvp resistance will signal a continuation & flip intraday bias to bullish. Failure, will likely see a retest of support.

Good luck.
Hi Wb,

Nice analyse, thanks for your view, today i trade both way EJ, now long since area of 111.80 (nice support), before i was trading Usd/Chf but quiet boring of the channel (0.9650-0.9685) its why i decided to change pair, but finally Usd/Chf broke the channel.....(miss this trade, busy with Ej)....
green pips to you
Trade with the momentum
  • #8,947
  • Nov 9, 2010 4:23am Nov 9, 2010 4:23am
Quoting sailor68
Hi Wb,

Nice analyse, thanks for your view, today i trade both way EJ, now long since area of 111.80 (nice support), before i was trading Usd/Chf but quiet boring of the channel (0.9650-0.9685) its why i decided to change pair, but finally Usd/Chf broke the channel.....(miss this trade, busy with Ej)....
green pips to you
you too mate, good luck with the trades
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  • #8,948
  • Nov 9, 2010 4:24am Nov 9, 2010 4:24am
My old eurusd H1 working chart showing where the current stall is.
Attached Image(s) (click to enlarge)
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  • #8,949
  • Nov 9, 2010 5:47am Nov 9, 2010 5:47am
Quoting wormboy
Closed partial

GBPUSD

1. short @6137 closed @6067 (0.5)

Remaining trade unchanged.

GBPUSD

1. short @6137 sl @6306 (0.5)
Remaining trade unchanged.

GBPUSD

1. short @6137 closed @6159 (0.5)
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  • #8,950
  • Nov 9, 2010 5:48am Nov 9, 2010 5:48am
GBPUSD

1. long @6166 sl @6040 (1.0)
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  • #8,951
  • Nov 9, 2010 6:05am Nov 9, 2010 6:05am
Quoting wormboy
didn't see this squeeze coming tbh. easy 60 pips for those who bought off the strong bounce off the d1 support which had sent price all the way back up for the monthly pvp retest. Close above the pvp resistance will signal a continuation & flip intraday bias to bullish. Failure, will likely see a retest of support.

Good luck.
The retest of the monthly pvp succeeded. Intraday bias had flipped to bullish with a textbook bullflag now in play. 1.4059 now serves as resistance.

Good luck.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eua.gif Size: 27 KB
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  • #8,952
  • Nov 9, 2010 12:19pm Nov 9, 2010 12:19pm
Quoting wormboy
GBPUSD

1. long @6166 sl @6040 (1.0)

Trade stopped.

GBPUSD

1. long @6166 stopped @6040 (1.0)
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  • #8,953
  • Nov 9, 2010 12:21pm Nov 9, 2010 12:21pm
EurUsd

1. short @3861 sl @4045 (2.0)
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  • #8,954
  • Nov 9, 2010 12:25pm Nov 9, 2010 12:25pm
Quoting wormboy
The retest of the monthly pvp succeeded. Intraday bias had flipped to bullish with a textbook bullflag now in play. 1.4059 now serves as resistance.

Good luck.
welp, no sign of 1.4059 now that price is back below the monthly pvp. Thoroughly confusing day tbh with fake breaks happening a few times on both sides of the pivot. Now we're back bearish. For how long this will stand, I don't know.

Good luck
Attached Image(s) (click to enlarge)
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  • #8,955
  • Nov 9, 2010 2:20pm Nov 9, 2010 2:20pm
Quoting wormboy
EurUsd

1. short @3861 sl @4045 (2.0)
Closed partial

EurUsd

1. short @3861 closed @3783 (1.5)

Remaining trade unchanged

EurUsd

1. short @3861 sl @4045 (0.5)
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  • #8,956
  • Edited 2:59pm Nov 9, 2010 2:24pm | Edited 2:59pm
Quoting wormboy
welp, no sign of 1.4059 now that price is back below the monthly pvp. Thoroughly confusing day tbh with fake breaks happening a few times on both sides of the pivot. Now we're back bearish. For how long this will stand, I don't know.

Good luck
what a day
price is now well below the 1.3836 support. thank god gold went scuba, else i won't be able to make back what I lost earlier on the same day.
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Click to Enlarge Name: eua.gif Size: 24 KB
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  • #8,957
  • Nov 10, 2010 2:45am Nov 10, 2010 2:45am
Quoting wormboy
Closed partial

EurUsd

1. short @3861 closed @3783 (1.5)

Remaining trade unchanged

EurUsd

1. short @3861 sl @4045 (0.5)

Remaining trade closed.

EurUsd

1. short @3861 closed @3808 (0.5)
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  • #8,958
  • Nov 10, 2010 2:59am Nov 10, 2010 2:59am
Quoting wormboy
Remaining trade closed.

EurUsd

1. short @3861 closed @3808 (0.5)

Man why did u close??? u see some upside on EU??? i think it was a retest of 3825 before testing again yesterday lows or something like that
I don't want a job, i want money!
  • #8,959
  • Nov 10, 2010 3:10am Nov 10, 2010 3:10am
Quoting dario1002
Man why did u close??? u see some upside on EU??? i think it was a retest of 3825 before testing again yesterday lows or something like that
not really, no upside unless 3836 is taken out, but my H1 is forming a tower bottom. Didn't like what I saw, so I clear position first.
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  • #8,960
  • Nov 10, 2010 3:18am Nov 10, 2010 3:18am
Quoting wormboy
not really, no upside unless 3836 is taken out, but my H1 is forming a tower bottom. Didn't like what I saw, so I clear position first.
I agree... still i have 3850 in my radar... it's the weekly support1 and more or less tha place where the ship abandoned the port yesterday, and the 23.6 fibo of this south move... so i would like to see a nice bearish pattern from there. If that level is taken.. i will be looking for a long to monthly pvp around 3920.
Here is my plan for eu

i'm on a mission now!

Man... where do u see usdx with fxcm???
I don't want a job, i want money!
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