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Better-than-the-wormhole 555 replies

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  • #9,781
  • Mar 15, 2011 5:47am Mar 15, 2011 5:47am
myview on EU 3750 seems logical support remember the equity markets are in fear so if a big sell off occurs wrll you know..
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  • #9,782
  • Mar 15, 2011 5:54am Mar 15, 2011 5:54am
Cable sold on the retest now at a critical support zone a break retest could see a signifacant move south watching the TF for PA ..

USD chf if this previous low holds its double bottom which would turn this trade into a long term hold ifnot then least i tried also HPFZ is acting as support a a whole number ...
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  • #9,783
  • Mar 15, 2011 6:01am Mar 15, 2011 6:01am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
you sold at very good level if it's 1614xx.

There is a reason for why the pound is falling too much, it's due to insurance claims towards japan. Lot of UK companies are based in Asia too and they have insured japanese assets. This crisis will spread like a dieseas and now markets will go into bearish/correction mode. this ain't coming back soon. Lot of factors here for market to buy at cheap rates. Whn IR rise no one wants to hold EU or GU at high prises. GU will be good at 1.55 and EU around 132-33 ishh...and aussie at 95-96. gold at 1400 silver @ 30...maybe in my dreams :-)

ta
ams



Quoting trj6911
Cable sold on the retest now at a critical support zone a break retest could see a signifacant move south watching the TF for PA ..

USD chf if this previous low holds its double bottom which would turn this trade into a long term hold ifnot then least i tried also HPFZ is acting as support a a whole number ...
  • #9,784
  • Mar 15, 2011 6:10am Mar 15, 2011 6:10am
Quoting ams
you sold at very good level if it's 1614xx.

There is a reason for why the pound is falling too much, it's due to insurance claims towards japan. Lot of UK companies are based in Asia too and they have insured japanese assets. This crisis will spread like a dieseas and now markets will go into bearish/correction mode. this ain't coming back soon. Lot of factors here for market to buy at cheap rates. Whn IR rise no one wants to hold EU or GU at high prises. GU will be good at 1.55 and EU around 132-33 ishh...and aussie at 95-96. gold at 1400 silver...

6125 thanks ,seems we are hold up at 5980 but see if that fails .

AU would be another good short position 9970 but pretty big stop bout 120 pip stop...
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  • #9,785
  • Mar 15, 2011 6:11am Mar 15, 2011 6:11am
tricky area on EU.... shorted at 3890... buyers are probably sitting around 3860-3840 and the eurx daily triangle is getting narrow.... just hope that finally the bearish divergence on EURX and bullish divergence on USDX will kick in.

i believe that rather soon we will see where it will go...


Ah.... H&S on GBPLFX...
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I don't want a job, i want money!
  • #9,786
  • Edited 6:24am Mar 15, 2011 6:14am | Edited 6:24am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Yep, previous support will be resistance but this sucker can dodge the bullet anytime given it's related to metal and due to Japan devastation all the metal will be in very demand to rebuild the infrastructure. So I would short it around 1.00 (if it ever gets there) with SL 50 pips around. Don't forget, it's still the highest IR paying currency so big players like where money is safe and managing itself.

Edit: USDCHF isn't moving at all whereas usdcad has gone through the roof, reason is big movement from earning currencies to safe heaven. So both USD & CHF is in big demand. That means big players will wait for big time correction now before they start transferring to risky assets again.


Quoting trj6911
6125 thanks ,seems we are hold up at 5980 but see if that fails .

AU would be another good short position 9970 but pretty big stop bout 120 pip stop...
  • #9,787
  • Mar 15, 2011 6:24am Mar 15, 2011 6:24am
Quoting ams
Yep, previous support will be resistance but this sucker can dodge the bullet anytime given it's related to metal and due to Japan devastation all the metal will be in very demand to rebuild the infrastructure. So I would short it around 1.00 (if it ever gets there) with SL 50 pips around. Don't forget, it's still the highest IR paying currency so big players like where money is safe and managing itself.

Edit: USDCHF isn't moving at all, reason is big movement from earning currencies to safe heaven. So both USD & CHF is in big demand. That means...

ok australia is a big trade partner with japan they considered todays selloff on equities due to the japenese ties further weakening the aussie dollar ..im out of depth with fundamental stuff its over my head ,so with that i will leave wormys thread to wormy to fill just think that maybe we in a start of a new 500+pip move but once again take it day by day...
  • #9,788
  • Mar 15, 2011 8:03am Mar 15, 2011 8:03am
ok retest of weekly pivot on EU done.. and retest of key level USDX 76.73 area (76.76 to be exact) after bounche of 77.00

now hope that on EU will be triggered the bear flag (1H) and then will be an happy day
I don't want a job, i want money!
  • #9,789
  • Mar 15, 2011 8:46am Mar 15, 2011 8:46am
ok that is tickling my nerves
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  • #9,790
  • Mar 15, 2011 9:14am Mar 15, 2011 9:14am
ok SL moved to 3980 (10 pips over monthly R1).. and starting to think about an exit strategy....
I don't want a job, i want money!
  • #9,791
  • Mar 15, 2011 9:27am Mar 15, 2011 9:27am
right, I closed earlier shorts, took the loss & reversed again to long.
Why I said HTF trading during times like this is right out bollocks?
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Thank You
  • #9,792
  • Mar 15, 2011 9:31am Mar 15, 2011 9:31am
Quoting wormboy
right, I closed earlier shorts, took the loss & reversed again to long.
Why I said HTF trading during times like this is right out bollocks?
looks like correction is complete
  • #9,793
  • Mar 15, 2011 9:32am Mar 15, 2011 9:32am
Quoting wormboy
right, I closed earlier shorts, took the loss & reversed again to long.
Why I said HTF trading during times like this is right out bollocks?
Hi Azim

Hope you are doing fine...since the start of this week I have been noticing a slight change within the thread that is you don't post your trades along with your "famous" stop loss....and the usual five minute and HTF charts to make people like myself make sense of your buys and sells ....hope this is just a one off thing and you haven't planned on doing away with it altogether....

Regards

Ali Raza
Raza
  • #9,794
  • Mar 15, 2011 9:34am Mar 15, 2011 9:34am
Quoting wormboy
right, I closed earlier shorts, took the loss & reversed again to long.
Why I said HTF trading during times like this is right out bollocks?

Damn... really bad... luckily i managed to cover the loss from this morning long... but still i am starting to get pissed!!!

... another 6 magnitude earthquake in japan.... no peace for them...
I don't want a job, i want money!
  • #9,795
  • Mar 15, 2011 11:12am Mar 15, 2011 11:12am
ok.. managed to cover all losses... and still 1 little soldier going.... let's see how it goes... target 1.4020
I don't want a job, i want money!
  • #9,796
  • Mar 15, 2011 11:25am Mar 15, 2011 11:25am
going to long GU if this hour closes up here!

hey.. i said it this morning and then it went to trash.... hmmm well i don't believe in luck... i believe in prays
I don't want a job, i want money!
  • #9,797
  • Mar 15, 2011 11:52am Mar 15, 2011 11:52am
Quoting wormboy
right, I closed earlier shorts, took the loss & reversed again to long.
Why I said HTF trading during times like this is right out bollocks?
done. taking all profit here.
Thank You
  • #9,798
  • Mar 15, 2011 11:57am Mar 15, 2011 11:57am
Quoting dario1002
going to long GU if this hour closes up here!

hey.. i said it this morning and then it went to trash.... hmmm well i don't believe in luck... i believe in prays
7th hour. be careful
Thank You
  • #9,799
  • Mar 15, 2011 12:00pm Mar 15, 2011 12:00pm
See what I mean trading the htf at times like this fellas? That divergence is gonna be costly, trade the immediate setups. Easier to get paid.
Thank You
  • #9,800
  • Mar 15, 2011 12:02pm Mar 15, 2011 12:02pm
Quoting wormboy
7th hour. be careful

thanks man... actually i already decided to pass.. i am rather tired today... managed to close the day at 0 but a lot of stress!!

So u think when there is much uncertanty it's better to take what the market gives u without looking for bigger moves?? shouldn't it mean even to tighten SL??

i spotted on that chart that 1.3860 could have been tricky.. but at that moment many other conditions were in play
I don't want a job, i want money!
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