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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #10,001
  • Mar 23, 2011 2:18am Mar 23, 2011 2:18am
Short GU 16380 - pay a visit to EMA200 M15? SL 16420
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  • #10,002
  • Mar 23, 2011 2:41am Mar 23, 2011 2:41am
Quoting chazzle
Short GU 16380 - pay a visit to EMA200 M15? SL 16420
close 1/2 @ 16352 - SL @ BE
  • #10,003
  • Mar 23, 2011 3:25am Mar 23, 2011 3:25am
morning fellas...

Just for the sake of jiggling let me please congratulate myself for yesterday's analysis as i saw EU was going down. On the other side i have to admit to u that i didn't take any trade, considering that morning discussion with Azim (i would be a fool if i didn't take into consideration what he says).

As for today.. we are in retracement mode either for EU and for GU, but honestly i don't know how much further down they might go.
EU is kinda developing H&S pattern that if breaks (let's say under 415ish) could send us to weekly PV. on the other side if we are able to close over 4180 that acted as S/R 2 days ago and today during asia session we might see the pair going up again.

As for GU (even if i don't have feeling with the pair lately) i see it is taking a breath after 2 days that it went straight up... but the pattern that is forming might look like bullish flag (4h and 1h).

either way.. today could probably be an interesting day with some good movements... let's just not forget that we are in a strong uptrend for both eu and gu... and a retracement was due on both pair, so let's treat it as it is!
I don't want a job, i want money!
  • #10,004
  • Mar 23, 2011 3:28am Mar 23, 2011 3:28am
Quoting chazzle
close 1/2 @ 16352 - SL @ BE
Rest of the trade closed at 16365 after those pins at support (16340 area)
  • #10,005
  • Mar 23, 2011 3:48am Mar 23, 2011 3:48am
Quoting wormboy
EurUsd

1. short @4180 sl @4255 (2.0)
nice entry but i dun like that reversal in EU
  • #10,006
  • Mar 23, 2011 3:56am Mar 23, 2011 3:56am
Quoting nlidd
Can't believed I had same position as you!
good luck to us
Thank You
  • #10,007
  • Mar 23, 2011 3:59am Mar 23, 2011 3:59am
Quoting The Captain
Hey Azim!

Looks like you are having a good year so far. .

I see you just went short, I just closed some shorts myself. It seems like you are not concerened about the 6340 daily support we are at? Looks like it could be a retest before heading north again.

I'd be interested to hear your thoughts on where you think we are headed!

Peace!
hey bro,

yea, at the time I wasn't concerned as we were trading below dp on the ltf, but I cut the trade short as it went back above. By the looks of it the initial selling reaction to sell was the correct one, but had to follow the rules

I am not trading cable atm, but I still see price heading back to 6300 level for a retest.
Thank You
  • #10,008
  • Mar 23, 2011 4:01am Mar 23, 2011 4:01am
Quoting Orbital
Dont know how long youre holding or what your target is but ill be buying in the boxed zoneAttachment
I'm going for the W1 pvp @ 4070.
I won't be looking to buy unless price shows the current retracement is coming to an end
Attached Image (click to enlarge)
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Thank You
  • #10,009
  • Mar 23, 2011 4:02am Mar 23, 2011 4:02am
Quoting yuan83
nice entry but i dun like that reversal in EU
what tf? there's no reversal confirmed on the current down move, price is just consolidating.
Thank You
  • #10,010
  • Mar 23, 2011 4:04am Mar 23, 2011 4:04am
Quoting wormboy

I am not trading cable atm, but I still see price heading back to 6300 level for a retest.
there you go.

full marks on the predicted level, zero for trading.
should've stuck to my guns. DOH!
Thank You
  • #10,011
  • Mar 23, 2011 4:18am Mar 23, 2011 4:18am
Quoting wormboy
there you go.

full marks on the predicted level, zero for trading.
should've stuck to my guns. DOH!
Yeah me too , have a good day mate
  • #10,012
  • Mar 23, 2011 5:19am Mar 23, 2011 5:19am
Wormboy whats your take on GU?
  • #10,013
  • Mar 23, 2011 5:24am Mar 23, 2011 5:24am
hey all

dont have time to post charts but something to keep in mind today especially if you thinking of long EU:

http://www.bloomberg.com/news/2011-0...day-rally.html

if they vote against prime minister deficit-cutting plan EU may drop hard

good luck to all
  • #10,014
  • Mar 23, 2011 5:42am Mar 23, 2011 5:42am
Quoting wormboy
EurUsd

1. short @4180 sl @4255 (2.0)
Trade closed.

EurUsd

1. short @4180 closed @4204 (2.0)
Thank You
  • #10,015
  • Mar 23, 2011 5:43am Mar 23, 2011 5:43am
Reversed.

EurUsd

1. long @4202 sl @4145 (5.0)
Thank You
  • #10,016
  • Mar 23, 2011 5:46am Mar 23, 2011 5:46am
Quoting chazzle
Yeah me too , have a good day mate
I hope so, been a tough day so far
Thank You
  • #10,017
  • Mar 23, 2011 5:48am Mar 23, 2011 5:48am
Quoting Orbital
Wormboy whats your take on GU?
hi orb, just up to 6300 level retest, ie current. If the current level fails, then 6215 is the next obvious target, but tbh I'd be surprised if price drops that far.
I'm flat on cable tho.
Thank You
  • #10,018
  • Mar 23, 2011 6:00am Mar 23, 2011 6:00am
Quoting wormboy
Reversed.

EurUsd

1. long @4202 sl @4145 (5.0)
hmm...
we are not even past daily pivot. and the portugal deficit voting in few hours. i am not fundie guy but if portugal vote agains deficit-cut plan that may end up with early elections and asking for an EU rescue fund. This could send eur down...
what is the reason to be 5 lot shure on that long EU?
well i am keeping my shorts for now but will be watching it very closely.

good luck to all
  • #10,019
  • Mar 23, 2011 6:12am Mar 23, 2011 6:12am
Quoting wormboy
what tf? there's no reversal confirmed on the current down move, price is just consolidating.
hmm on h1..looks like double btm.. on d1, it however looks like a break of trendline support
  • #10,020
  • Mar 23, 2011 6:26am Mar 23, 2011 6:26am
Quoting KwAAkS
hmm...
we are not even past daily pivot. and the portugal deficit voting in few hours. i am not fundie guy but if portugal vote agains deficit-cut plan that may end up with early elections and asking for an EU rescue fund. This could send eur down...
what is the reason to be 5 lot shure on that long EU?
well i am keeping my shorts for now but will be watching it very closely.

good luck to all

wow... ii agree with that. I was short as well from 4185 but i just saw your reverse and went out of the trade .... sometimes is good not to be in fronf of monitors
I don't want a job, i want money!
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