The WoRmHoLe | Page 544 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better-than-the-wormhole 555 replies

Attachments: The WoRmHoLe
Exit Attachments

The WoRmHoLe

  • #10,861
  • Apr 11, 2011 5:43pm Apr 11, 2011 5:43pm
Quoting chazzle
Short 11533 SL 11633
close 1/2 11480 SL @ BE let the rest run to 11430 (NOKSEK)
  • #10,862
  • Apr 11, 2011 6:04pm Apr 11, 2011 6:04pm
Quoting dario1002
ok fellas... a little question for u all...

i am long on GU from little below 64 and will have to leave charts in a hour and won't be online before tomorrow at LO.... currently i am a bit under water of course, but nothing serious in general. Well the question is... that now a double top is forming and i am not liking it. Normally i would monitor the trade and get rid of it if we have A CLOSE under DP and in general under 6340. So the question is.. would u kill the trade considering that i can't monitor it till tomorrow and can't touch it at all,...
If you don't feel comfortable or if you have any doubts, you should kill it!
  • #10,863
  • Apr 11, 2011 10:38pm Apr 11, 2011 10:38pm
Quoting wormboy
GBPUSD

1. long @6404 sl @6295 (2.0)

Trade stopped.


GBPUSD

1. long @6404 stopped @6295 (2.0)

Well, looks like there's a lot of work to be done this week then
Thank You
  • #10,864
  • Apr 12, 2011 12:37am Apr 12, 2011 12:37am
Good morning/Good evening/Good night everybody...
I have a question. Why does the Yen always go up when the crisis at Japan escalates? The currency of a country should go down with growing issues, not go up? What am I missing here?
  • #10,865
  • Apr 12, 2011 12:43am Apr 12, 2011 12:43am
Morning to all,

here is an answer, turn the video on, this is the best explanation I found.
http://www.kathylien.com/site/japane...-about-the-yen

Quoting Xxavier
Good morning/Good evening/Good night everybody...
I have a question. Why does the Yen always go up when the crisis at Japan escalates? The currency of a country should go down with growing issues, not go up? What am I missing here?
  • #10,866
  • Apr 12, 2011 12:44am Apr 12, 2011 12:44am
Quoting Xxavier
Good morning/Good evening/Good night everybody...
I have a question. Why does the Yen always go up when the crisis at Japan escalates? The currency of a country should go down with growing issues, not go up? What am I missing here?
As per my observations Japanese Yen is considered a safe haven currency along with Swiss Franc so any "global" crisis results in the moving of monies from riskier currencies to these safe haven currencies....

just my 2 cents

Regards

Ali Raza
Raza
  • #10,867
  • Apr 12, 2011 12:50am Apr 12, 2011 12:50am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Despite knowing the option report, why I did not placed my short when obviously we are ranging from 160 to 164ishh...ahhhh.

Anyways, we might not range this time much and go well below 160 as dollar is gaining strength due to no shutdown/cuts and expected reversal, tide is turning.

I am expecting 162600 (previous supports to hold) if it doesn't there isn't much till 160 with minor support @ 161500.


ta
ams


Quoting ams
GU trade closed now @64 !!!


Job done for the boys, option expired worthless, back to 63500 or low maybe :-)

ta
ams
  • #10,868
  • Apr 12, 2011 12:52am Apr 12, 2011 12:52am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Sorry wormie, you'll get it no time. Let the market reverse this week. It's bearish start anyways. After todays' CPI report for pound it'll move crazy whatever way inflation warrants. Number low will be sold, number high will be sold on concern BOE is doing nothing. But it has to make another run to 64 first to get folks on board.


Quoting wormboy
Trade stopped.


GBPUSD

1. long @6404 stopped @6295 (2.0)

Well, looks like there's a lot of work to be done this week then
  • #10,869
  • Apr 12, 2011 1:06am Apr 12, 2011 1:06am
Quoting ams
Sorry wormie, you'll get it no time. Let the market reverse this week. It's bearish start anyways. After todays' CPI report for pound it'll move crazy whatever way inflation warrants. Number low will be sold, number high will be sold on concern BOE is doing nothing. But it has to make another run to 64 first to get folks on board.
it's alright bro, poor trading on my part. Should've known better than to have bought in between a big resistance that late in london.
I remembered explaining to rayling regarding the significance of the 6420 level & the troubles I had trading it & yet I let it slip my mind. Bad to lose money but I needed the loss earlier to remind me of some things

This was the post:
1. http://www.forexfactory.com/showpost...postcount=9463

Now I'm gonna step away from cable for a while.
Thank You
  • #10,870
  • Apr 12, 2011 1:23am Apr 12, 2011 1:23am
Quoting chazzle
Close 1/2 @ 7067 SL @ BE looking for 7010 on the rest
Done (NZDCHF)
  • #10,871
  • Apr 12, 2011 1:28am Apr 12, 2011 1:28am
Quoting chazzle
close 1/2 11480 SL @ BE let the rest run to 11430 (NOKSEK)
SL Hit
  • #10,872
  • Apr 12, 2011 1:47am Apr 12, 2011 1:47am
Long @ 14390 SL 14335 TP 14450
Attached Image (click to enlarge)
Click to Enlarge Name: EUH1.jpg Size: 100 KB
  • #10,873
  • Apr 12, 2011 2:06am Apr 12, 2011 2:06am
EurUsd

1. short @4392 sl @4490 (2.0)
Thank You
  • #10,874
  • Apr 12, 2011 2:07am Apr 12, 2011 2:07am
Inserted Video
Thank You
  • #10,875
  • Apr 12, 2011 2:08am Apr 12, 2011 2:08am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Not very far from WPV...I am expecting 43200 atleast take care...
As expected on pound 162600 is touched, iuf we go below form here...expect 160 or below.


ta
ams


Quoting chazzle
Long @ 14390 SL 14335 TP 14450
  • #10,876
  • Apr 12, 2011 2:08am Apr 12, 2011 2:08am
isn't that cool that there were 2 calls at same place but in different directions?
I don't want a job, i want money!
  • #10,877
  • Apr 12, 2011 2:17am Apr 12, 2011 2:17am
Quoting dario1002
ok fellas... a little question for u all...

i am long on GU from little below 64 and will have to leave charts in a hour and won't be online before tomorrow at LO.... currently i am a bit under water of course, but nothing serious in general. Well the question is... that now a double top is forming and i am not liking it. Normally i would monitor the trade and get rid of it if we have A CLOSE under DP and in general under 6340. So the question is.. would u kill the trade considering that i can't monitor it till tomorrow and can't touch it at all,...
as end of the story... somehow i managed to monitor the trade and i manually close it @6340 (the level held a little bit, but as soon as it was taken i closed the trade
shoudda have manually closed it
I don't want a job, i want money!
  • #10,878
  • Apr 12, 2011 2:38am Apr 12, 2011 2:38am
Hi Wormhole,

Its a great thread that you have here.. I see u r from Malaysia..myself staying in singapore.. Could u tell why u went short on EU ?
  • #10,879
  • Apr 12, 2011 2:38am Apr 12, 2011 2:38am
Quoting chazzle
Long @ 14390 SL 14335 TP 14450
close 1/2 14425 SL@BE

EDIT - Close 2nd 1/2 @ 14430 (quick pips)
  • #10,880
  • Apr 12, 2011 2:45am Apr 12, 2011 2:45am
So fellas... time to share my view and let's see what comes out.

Dollar is getting some strenght after freefall.. not sure how long it will last this push up but hopefully will be able to catch some of this movement... anyway let's not forget that dollar is still pretty much scr@wed in this moment.. which means all our beloved currencies related to dollar are flying high.

So starting with EU... yesterday we had a turning point after a steady rise up. anyway let's not forget how EU likes to move, and how much EU likes bullflags. the break of the last forming bullflag will be the sign that eur wants to go higher, so watch out. On the other side... till the flag is not broken i see that a retest of 4350 is rather possible.

As for GU... we had a double top yesterday (the same one that got me yesterday), and now we are heading south struggling with WP and monthly R1. In my charts 6266 is quite a good level which for now held. If we break it on the downside, the range might still be in play and 6140 and 5980 might be seen soon again. this one where we are currently in i would consider as a "no trade zone " for GU, while a sign that bulls wants to come is could be the break of 6340.

Trade safe guys. My current trade is short on EU aiming for the WP at least.. but i'm not too healty in this trade as well

trade safe guys
I don't want a job, i want money!
28 traders viewing now