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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #10,401
  • Mar 31, 2011 7:30pm Mar 31, 2011 7:30pm
Good morning fellas.

Some nice discussions & analysis thrown around here. Good stuff!
Thank You
  • #10,402
  • Mar 31, 2011 7:32pm Mar 31, 2011 7:32pm
Quoting wormboy
Good morning fellas.

Some nice discussions & analysis thrown around here. Good stuff!
GM Azim

Seems you're bringing supply with you because GJ has just got lots of suppy entering the market at this top, really high volume.

Closed my buy for a -10 and Captain your short might go really well, maybe I can join you
"Hate the sin, love the sinner." - Gandhi
  • #10,403
  • Mar 31, 2011 7:35pm Mar 31, 2011 7:35pm
Quoting wormboy
okay.

I/d trend usually lasts 7 hours, anything more is overextended & if it does extend well past beyond the 7th hour mark the pullback is usually as large if not larger than the initial move.

Here's one example from a few days ago. You can go back to your chart & see the result of it
1. http://www.forexfactory.com/showpost...ostcount=10127
2. http://www.forexfactory.com/showpost...ostcount=10131
Quoting wormboy
Below is the current count, & just like the previous link posted, the current move is from asia. It very rarely lasts throughout the day. Don't take my word for it tho, just observe for sometime across different pairs & see for yourself
Okay, this was the discussion we had with detailas regarding the 7 hour i/d trend. And once again, it hadn't fail to deliver. I truly hope someone will benefit from this in the future as this is quite rightly one of the easiest setups to master.

Good luck.
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Thank You
  • #10,404
  • Mar 31, 2011 7:40pm Mar 31, 2011 7:40pm
Quoting TheGabriel
GM Azim

Seems you're bringing supply with you because GJ has just got lots of suppy entering the market at this top, really high volume.

Closed my buy for a -10 and Captain your short might go really well, maybe I can join you
hi gabe,

nah I'm sticking to my guns & just trading funny money till next monday.
Sharks are still out here till the nfp is out I reckon & I want no part of it. You brave men carry on
Thank You
  • #10,405
  • Mar 31, 2011 7:43pm Mar 31, 2011 7:43pm
Quoting wormboy
hi gabe,

nah I'm sticking to my guns & just trading funny money till next monday.
Sharks are still out here till the nfp is out I reckon & I want no part of it. You brave men carry on
LOL
With the captain and a pirate myself we should be able to take them down.

Right now I'm not trading anything, waiting for opportunities
"Hate the sin, love the sinner." - Gandhi
  • #10,406
  • Mar 31, 2011 7:43pm Mar 31, 2011 7:43pm
Quoting dario1002
and as update... my demo trade now is -11 pips!

here's another update mario, get that horse's head ready. You will lose
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  • #10,407
  • Mar 31, 2011 7:46pm Mar 31, 2011 7:46pm
Quoting TheGabriel
LOL
With the captain and a pirate myself we should be able to take them down.

Right now I'm not trading anything, waiting for opportunities
I was heading to bed but I just can't get enough! I like your plan. I want to know what your volume analysis is on GJ. Quadruple top on the H1, but still looks like there is strength. I want to take this baby down for a few hundred.
Cap
  • #10,408
  • Mar 31, 2011 7:47pm Mar 31, 2011 7:47pm
Quoting bidalufias
I'm not in the UK. I'm malaysian.

Currently down under (Australia) doing my Masters in Sustainable Development.

I acknowledge the potential of Forex and i want to learn how to navigate it.

It all begins and ends with discipline right.
welp, good to meet a fellow malaysian

And yes, discipline plays a huge part in succeeding in this business.
Thank You
  • #10,409
  • Mar 31, 2011 7:47pm Mar 31, 2011 7:47pm
Quoting wormboy
I truly hope someone will benefit from this in the future as this is quite rightly one of the easiest setups to master.

Good luck.
Morning Azim , will look into this - thanks , btw what is I/D ?
  • #10,410
  • Mar 31, 2011 7:51pm Mar 31, 2011 7:51pm
Quoting The Captain
I was heading to bed but I just can't get enough! I like your plan. I want to know what your volume analysis is on GJ. Quadruple top on the H1, but still looks like there is strength. I want to take this baby down for a few hundred.
All I need is for today to close bearish & confirm the hanging man.
That happens, we're good to go
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  • #10,411
  • Mar 31, 2011 7:54pm Mar 31, 2011 7:54pm
Quoting chazzle
Morning Azim , will look into this - thanks , btw what is I/D ?
Good morning charles

It's intraday mate, sorry I'm so used to just put in the abb instead of spelling the whole thing lol

Time for my breakfast. Have a good one!
Thank You
  • #10,412
  • Edited 8:06pm Mar 31, 2011 8:01pm | Edited 8:06pm
Close this one :http://www.forexfactory.com/showthre...02#post4513802 +45 on 2nd 1/2
  • #10,413
  • Mar 31, 2011 8:09pm Mar 31, 2011 8:09pm
Quoting The Captain
I was heading to bed but I just can't get enough! I like your plan. I want to know what your volume analysis is on GJ. Quadruple top on the H1, but still looks like there is strength. I want to take this baby down for a few hundred.
The up movement we have now is not supported by demand (after candle closes we can confirm this).

But past candles show selling pressure, that pipbar is a stop hunt, check the chart below. Low volume on the next up bars means lack of interest from professional money in higher prices.
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"Hate the sin, love the sinner." - Gandhi
  • #10,414
  • Mar 31, 2011 8:17pm Mar 31, 2011 8:17pm
Quoting wormboy
All I need is for today to close bearish & confirm the hanging man.
That happens, we're good to go
Looks good to me. I admire your wisdom in deciding to wait until after NFP, and I will follow suit. You are like the Yoda of forex Azim!


Quoting TheGabriel
The up movement we have now is yet not supported by demand, we need the candle to first close to tell about what's happening.

But past candles show selling pressure, that pipbar is a stop hunt, check the chart below. Low volume on the next up bars means lack of interest from professional money in higher prices.
Appreciate it. This burst up was sure unexpected.


Alright off to bed for me, trade well dudes - and don't let GJ drop her panties until I'm back trading her on Monday!

Cheers.
Cap
  • #10,415
  • Mar 31, 2011 8:32pm Mar 31, 2011 8:32pm
Quoting The Captain
Looks good to me. I admire your wisdom in deciding to wait until after NFP, and I will follow suit. You are like the Yoda of forex Azim!




Appreciate it. This burst up was sure unexpected.


Alright off to bed for me, trade well dudes - and don't let GJ drop her panties until I'm back trading her on Monday!

Cheers.
That burst up looks like a stop hunt and big sells start on up bars.
If banks would sell on down bars, market would fall too fast and they also need to get more people to buy, that's why an up bar is the best place to sell.

After an up bar on high volume, if we see new up bars but with low volume, immediatelly after we had high volume, means there's no real demand, just a stop hunt.
We had one up bar with no deamand confirming the possible sell off. Right now we're still ticking higher so I'd let the pair move first and confirm before trading it.
"Hate the sin, love the sinner." - Gandhi
  • #10,416
  • Mar 31, 2011 9:03pm Mar 31, 2011 9:03pm
Baby dragon looks ready to fall

more low volume up bars...this up move seems to be the joke we thought it is.

i think this could go down tomorrow, after nfp or right before
"Hate the sin, love the sinner." - Gandhi
  • #10,417
  • Mar 31, 2011 9:19pm Mar 31, 2011 9:19pm
Quoting chazzle
I'm long 16029 SL 16014 TP 16060 with pending short @ 16060 SL 16090 TP 15990 ...
bailed -2

see you later all
  • #10,418
  • Apr 1, 2011 2:30am Apr 1, 2011 2:30am
Hello fellas,

currently shorting EURUSD 1,4170, GBPUSD 1,6155, stops above yesterdays daily high
EURX and USDX show signs for, also monthly closing on EURUSD suggest me that we can take a look at 1,38 before anything else

good luck to all

EDIT: dont know why the 2nd pic looks like this, try to reupload but still the same
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  • #10,419
  • Apr 1, 2011 3:41am Apr 1, 2011 3:41am
Quoting wormboy
here's another update mario, get that horse's head ready. You will lose
ahahah actually... to tell u the truth i didn't think i would have lasted that long. now every second is good to go. Anyway as i said yesterday there is some resistence at the level 6020ish... past that my funny trade is gone in a blink. Anyway... as i said.. i lasted 24 hours and that's already a good result
I don't want a job, i want money!
  • #10,420
  • Apr 1, 2011 4:18am Apr 1, 2011 4:18am
Quoting chazzle
pending short @ 16060 SL 16090 TP 15990 ...
pending order hit and now closed 16015
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