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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #10,261
  • Mar 31, 2011 4:58am Mar 31, 2011 4:58am
Quoting TheGabriel
There were signs of going up all over the place, before it started.

Bull haven or not I have room to take profit and the up move we have has been bullish by the book.

It is possible i will join bears soon, when we have the actual reversal with real selling pressure.
Hey Gabe, really good call on the buy earlier my friend. Really
Thank You
  • #10,262
  • Mar 31, 2011 5:04am Mar 31, 2011 5:04am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Wormie,

I also think on the same lines as you. This rise is suspicious.

Peeps let's say:

If I am a bad guy standing on top of the cliff and want to kill the next person, I'll make sure he is on top of the cliff.

If I am the good guy and want to save someone, I'll make sure I am at the very bottom to catch him but ensure he doesn't fall on me either.

Euro escalting high just befor NFP tomorrow gives an indication of where things will be. Nevertheless market has already priced-in the IR rise too and they wouldn't want to buy euro on that high already would they!
Market is ready to accept 3-5% fall i.e. 500-700 pips anything more they hedge themselves for that. Banks play smart. I am sure rise just before the NFP has some meaning. Figure it out for what you will.

ta
ams
  • #10,263
  • Mar 31, 2011 5:04am Mar 31, 2011 5:04am
Quoting wormboy
Hey Gabe, really good call on the buy earlier my friend. Really
Thanks brother

I'm looking for bears to come in myself before I close the EURUSD buy.
Holding a short on UCHF too.
"Hate the sin, love the sinner." - Gandhi
  • #10,264
  • Mar 31, 2011 5:11am Mar 31, 2011 5:11am
Bears might just have entered on EurUsd, we need confirmation now.

An up bar now with no demand, that would be nice anticipating bears time
Attached Image (click to enlarge)
Click to Enlarge Name: supply.jpg Size: 108 KB
"Hate the sin, love the sinner." - Gandhi
  • #10,265
  • Mar 31, 2011 5:11am Mar 31, 2011 5:11am
Shorted GBP/USD @ 1.6104.. 2 Lots standard.. Lets see what I can get from this.. I am shorting because I see some selling pressure is coming.
  • #10,266
  • Mar 31, 2011 5:14am Mar 31, 2011 5:14am
Quoting Xxavier
Shorted GBP/USD @ 1.6104.. 2 Lots standard.. Lets see what I can get from this.. I am shorting because I see some selling pressure is coming.
It is a good trade this one and I'm waiting to join you.

There was some high volume entering the market at the last 1.615
"Hate the sin, love the sinner." - Gandhi
  • #10,267
  • Mar 31, 2011 5:20am Mar 31, 2011 5:20am
Liked the way it moved down to 1.608 level fast. I am adding 1 more lot @ 1.6093


Quoting Xxavier
Shorted GBP/USD @ 1.6104.. 2 Lots standard.. Lets see what I can get from this.. I am shorting because I see some selling pressure is coming.
  • #10,268
  • Mar 31, 2011 5:22am Mar 31, 2011 5:22am
Quoting Xxavier
Liked the way it moved down to 1.608 level fast. I am adding 1 more lot @ 1.6093
Take a look at that GJ....

that could join GU and fall even faster
"Hate the sin, love the sinner." - Gandhi
  • #10,269
  • Mar 31, 2011 6:15am Mar 31, 2011 6:15am
here's the volume MT4 chart
Attached Image (click to enlarge)
Click to Enlarge Name: supply.jpg Size: 72 KB
"Hate the sin, love the sinner." - Gandhi
  • #10,270
  • Mar 31, 2011 6:19am Mar 31, 2011 6:19am
Quoting ams
Wormie,

I also think on the same lines as you. This rise is suspicious.

Peeps let's say:

If I am a bad guy standing on top of the cliff and want to kill the next person, I'll make sure he is on top of the cliff.

If I am the good guy and want to save someone, I'll make sure I am at the very bottom to catch him but ensure he doesn't fall on me either.

Euro escalting high just befor NFP tomorrow gives an indication of where things will be. Nevertheless market has already priced-in the IR rise too and they wouldn't want to buy euro on that high...
u will see tomorrow, no matter what result usd will rise..it has too otherwise collapse is gonna happen..price acton on usdchf..monthly bullish diverence..

its just on euro that monthly trendline needs to be hit ..to bring in the sellers..but all this is just my thought and doesnt mean anything.

but yur right completely..this is zero sum..people need to go the wrong way for money to be made..just be smart and use the logic ur showing

be lucky buddy

u will seen today cable close will be right at 1.60..enough to make people buy there thinking it may bounce up..market always leave u in a place where it can go either way..
u simply have to take yur technical edge to its limits..
Attached Image (click to enlarge)
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  • #10,271
  • Mar 31, 2011 6:26am Mar 31, 2011 6:26am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Well I hope that happens. Another doubt is that market does exactly what it wants to do i.e. sell the dollar regardless as if you go on oanda ansee their positions, everyone else is thinking like us. And we know from history what happens when that's the case!

I hope for once it goes in our direction big time!!


Ta
ams



Quoting nAVIN2007
u will see tomorrow, no matter what result usd will rise..it has too otherwise collapse is gonna happen..price acton on usdchf..monthly bullish diverence..

its just on euro that monthly trendline needs to be hit ..to bring in the sellers..but all this is just my thought and doesnt mean anything.

but yur right completely..this is zero sum..people need to go the wrong way for money to be made..just be smart and use the logic ur showing

be lucky buddy

u will seen today cable close will be right at 1.60..enough to make people buy there...
  • #10,272
  • Mar 31, 2011 6:26am Mar 31, 2011 6:26am
Quoting nAVIN2007
u will see tomorrow, no matter what result usd will rise..it has too otherwise collapse is gonna happen..price acton on usdchf..monthly bullish diverence..

its just on euro that monthly trendline needs to be hit ..to bring in the sellers..but all this is just my thought and doesnt mean anything.

but yur right completely..this is zero sum..people need to go the wrong way for money to be made..just be smart and use the logic ur showing

be lucky buddy
If you think it was wrong to buy, with the demand that we had and the supply we just absorbed....

I don't say we're not going to collapse tomorrow, but shorting days ahead hoping the plan will go as planned, seems the wrong way to me.

cheers
"Hate the sin, love the sinner." - Gandhi
  • #10,273
  • Mar 31, 2011 6:29am Mar 31, 2011 6:29am
Quoting ams
Well I hope that happens. Another doubt is that market does exactly what it wants to do i.e. sell the dollar regardless as if you go on oanda ansee their positions, everyone else is thinking like us. And we know from history what happens when that's the case!

I hope for once it goes in our direction big time!!


Ta
ams
dont let this doubt..effect u
we manifest our fear and doubts in the charts..all we can do is stick to our guns..my friggers are crossed..

from what i see in cable thread majority is long which is very good for us

note:- the fact that swissy is sinking and cable is also is a good sign..thats was a big concern for me today
  • #10,274
  • Mar 31, 2011 6:41am Mar 31, 2011 6:41am
Quoting TheGabriel
If you think it was wrong to buy, with the demand that we had and the supply we just absorbed....

I don't say we're not going to collapse tomorrow, but shorting days ahead hoping the plan will go as planned, seems the wrong way to me.

cheers
brother i shorted at 1.6343..
i just added another position which i assume is a retrace

no not wrong at all..i just ignore it as im going with the biger picture..ofcourse i expect a reaction but not a turning point
i entered and now im just waiting to see if market favours my position if not i move on
Attached Image (click to enlarge)
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  • #10,275
  • Mar 31, 2011 6:43am Mar 31, 2011 6:43am
Quoting nAVIN2007
brother i shorted at 1.6343..
i just added another position which i assume is a retrace
GBPU and GJ I'm a bear too

I thought you were talking about Euro brother
"Hate the sin, love the sinner." - Gandhi
  • #10,276
  • Mar 31, 2011 6:44am Mar 31, 2011 6:44am
Quoting TheGabriel
GBPU and GJ I'm a bear too

I thought you were talking about Euro brother
oo

nah euro for me i think it still a bit early..i agree
  • #10,277
  • Mar 31, 2011 7:00am Mar 31, 2011 7:00am
Quoting nAVIN2007
oo

nah euro for me i think it still a bit early..i agree
I think we just had a test with the GBPU down correction. Short term is not yet bearish. The last H1 bar is a bullish signal. Same for GJ

I sold USDJPY, USDCHF and bought EURUSD.
Have no idea about how much the above trades will be in place
"Hate the sin, love the sinner." - Gandhi
  • #10,278
  • Mar 31, 2011 7:04am Mar 31, 2011 7:04am
here's what I mean.

remember we're talking short term here for now
Attached Image (click to enlarge)
Click to Enlarge Name: gbpu.jpg Size: 84 KB
"Hate the sin, love the sinner." - Gandhi
  • #10,279
  • Mar 31, 2011 7:12am Mar 31, 2011 7:12am
Quoting TheGabriel
I think we just had a test with the GBPU down correction. Short term is not yet bearish. The last H1 bar is a bullish signal. Same for GJ

I sold USDJPY, USDCHF and bought EURUSD.
Have no idea about how much the above trades will be in place
it made a lower low close..still bearish..possiblity of reversal but its just a possibility..its like trying to stop a moving train..
  • #10,280
  • Mar 31, 2011 7:13am Mar 31, 2011 7:13am
GBPUSD (Demo trade)

1. short @6079 sl @6160
Thank You
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