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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #11,001
  • Apr 13, 2011 3:44am Apr 13, 2011 3:44am
I read the unemployment number wrong. I thought low negative is better. But It was the other way around. I closed the trade for small loss.. before the news..
Quoting Xxavier
I am going Long GBP USD 1.6287 is the entry. 3 Std Lots. Lost a lot of money yesterday, but its fine.. Good days are around the corner.
Reason for entry is seeing very good bullish momentum in the 15 min chart. Also GBP expecting good employment numbers today at 4:30 which i think will trigger to more upside. I am not really happy with the higher time frames for example the daily.
Good luck to me..
By the way stop loss is 1.6235
  • #11,002
  • Apr 13, 2011 3:44am Apr 13, 2011 3:44am
as soon as GU is gaining some strenght.. here we have disastrous news that send price back to where we started... isn't that cool??
I don't want a job, i want money!
  • #11,003
  • Apr 13, 2011 3:49am Apr 13, 2011 3:49am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
There is no strength Dario, it's waiting to tank, that's it...
Niether EU or GU can go any higher. Dollar isn't going down much, check usdcad and usdchf for refrences!!

Can't say it better then my 50 pips Sl I had on both trades was not taken yesterday and today!!


ta
ams


Quoting dario1002
as soon as GU is gaining some strenght.. here we have disastrous news that send price back to where we started... isn't that cool??
  • #11,004
  • Apr 13, 2011 4:00am Apr 13, 2011 4:00am
Quoting ams
There is no strength Dario, it's waiting to tank, that's it...
Niether EU or GU can go any higher. Dollar isn't going down much, check usdcad and usdchf for refrences!!

Can't say it better then my 50 pips Sl I had on both trades was not taken yesterday and today!!


ta
ams
hmm what i see... for dollar we are in a delicate spot... once we get passed this level.. there is just the oblivion for dollar...
Attached Image (click to enlarge)
Click to Enlarge Name: usdxweekly.jpg Size: 121 KB
I don't want a job, i want money!
  • #11,005
  • Apr 13, 2011 4:05am Apr 13, 2011 4:05am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Take your glasses off, you are looking what you want to look...
UK data just came out and it's -ve...though +ve for euro it's looking for a retrace.. Look at commodities, aussie and other currencies etc for a bigger picture. Charts are good but relying solely on them is not!

Anyways, pound is not in +ve teritory for sure. Even if it goes higher, it'll fall.

Having said that, I am putting my SL @ just 10 pips now, 6290..worth the punt.


Quoting dario1002
hmm what i see... for dollar we are in a delicate spot... once we get passed this level.. there is just the oblivion for dollar...
  • #11,006
  • Apr 13, 2011 4:09am Apr 13, 2011 4:09am
Quoting ams
Take your glasses off, you are looking what you want to look...
UK data just came out and it's -ve...though +ve for ruo it's looking for a retrace.. Look at commodities, aussie and other currencies etc for a bigger picture. Charts are good but relying solely on them is not!

Anyways, pound is not in +ve teritory for sure. Even if it goes higher, it'll fall.

Having said that, I am putting my SL @ just 10 pips now, 6290..worth the punt.

u are right.. i was about to write that for GU the thing is different. The currency is rather shitty right now by itself. If it is in this "high" place is just due to the weakeness of dollar... otherwise we would be far more down. That being told, my SL for yesterday's trade is right under yesterday's low... if we go there i am out of trade and out of cable for good! it's really messy Sh@t .
But the dollar weakness is a fact my friend.. we were discussing about dollar, not about GU weakness

eheh all this being told... u are making pips right now and i am givin them to u...
I don't want a job, i want money!
  • #11,007
  • Apr 13, 2011 4:16am Apr 13, 2011 4:16am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
You'll be ok, it's scalpers market until euro falls....
If I had sclaped, i would've made 200 pips since yesterday on my standard 2 lots = 400!! but i didn't

Euro is coming off a bit, let's see where it goes. Target still the same 43200 for EU and 61500 for GU. I think market is waiting for a catalyst news or something.

Dollar is indeed week but what you need to understand is, smart money will get out of their trades before the herd (QE end in June) and that'll cause the dollar rise. They have invested billions and it would take them months to get out in with profits in pocket!! They'll sell to the herd on higher prices and buy on low from them. I am talking of billions!! even if you tank the market today 1000 points, money will still be there as they cover themselves with options. Hence whenever options expire we see volatility. Bank traders do not use SL they hedge with options! When you buy & sell 1000+ lots on 1:10 leverage you do not use SL :-)

Good luck!



Quoting dario1002
u are right.. i was about to write that for GU the thing is different. The currency is rather shitty right now by itself. If it is in this "high" place is just due to the weakeness of dollar... otherwise we would be far more down. That being told, my SL for yesterday's trade is right under yesterday's low... if we go there i am out of trade and out of cable for good! it's really messy Sh@t .
But the dollar weakness is a fact my friend.. we were discussing about dollar, not about GU weakness

eheh all this being told... u are making pips right...
  • #11,008
  • Apr 13, 2011 4:22am Apr 13, 2011 4:22am
Quoting ams
You'll be ok, it's scalpers market until euro falls....
If I had sclaped, i would've made 200 pips since yesterday on my standard 2 lots = 400!! but i didn't

Euro is coming off a bit, let's see where it goes. Target still the same...

by that time if we broke those TL i will be a long term bear
Attached Image (click to enlarge)
Click to Enlarge Name: usdxweekly.jpg Size: 122 KB
I don't want a job, i want money!
  • #11,009
  • Apr 13, 2011 4:26am Apr 13, 2011 4:26am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I am neither bear or bull..if 45200 breaks i'll buy and so with cable 62800...

Quoting dario1002
by that time if we broke those TL i will be a long term bear
  • #11,010
  • Apr 13, 2011 4:29am Apr 13, 2011 4:29am
Quoting ams
I am niether bear or bull..if 45200 breaks i'll buy and so with cable 62800...

PO long on EU @ 4522 waiting to be triggered
I don't want a job, i want money!
  • #11,011
  • Apr 13, 2011 4:35am Apr 13, 2011 4:35am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Better make it 2 orders 1 at 43200 too


Quoting dario1002
PO long on EU @ 4522 waiting to be triggered
  • #11,012
  • Apr 13, 2011 4:37am Apr 13, 2011 4:37am
Quoting ams
Better make it 43200
4518 was previous high... + 2 pips + spread
I don't want a job, i want money!
  • #11,013
  • Apr 13, 2011 4:41am Apr 13, 2011 4:41am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I am taking GU @ 40 pips on 1 and leaving the rest at BE now..
So I can say I made something today

Scalpers market it is...



Quoting ams
You'll be ok, it's scalpers market until euro falls....
If I had sclaped, i would've made 200 pips since yesterday on my standard 2 lots = 400!! but i didn't

Euro is coming off a bit, let's see where it goes. Target still the same...
  • #11,014
  • Apr 13, 2011 5:51am Apr 13, 2011 5:51am
Quoting ams
There is no strength Dario, it's waiting to tank, that's it...
Not trading today - but kinda got the same feeling - GU to see the MP...
All the best
  • #11,015
  • Apr 13, 2011 5:55am Apr 13, 2011 5:55am
GU Long @ 1.6254 CLOSED for 21 pips

It is scaring me. I dont want to mess with it.

EU still Long.
  • #11,016
  • Apr 13, 2011 6:02am Apr 13, 2011 6:02am
EU Long @ 1.4462 CLOSED for 40 pips.

Going to bed. At least i can sleep in peace.

See you guys in the morning. Good luck.
  • #11,017
  • Edited 7:00am Apr 13, 2011 6:11am | Edited 7:00am
Quoting wormboy
EurUsd

1. long @4484 sl @4375 (1.0)
added

EurUsd

1. long @4484 sl @4375 (1.0)

2. long @4507 sl @4375 (1.0)
Thank You
  • #11,018
  • Apr 13, 2011 7:02am Apr 13, 2011 7:02am
Quoting wormboy
GBPUSD

1. long @6318 sl @6200 (1.0)

Stop amended.

GBPUSD

1. long @6318 sl @6220 (1.0)
Thank You
  • #11,019
  • Apr 13, 2011 7:06am Apr 13, 2011 7:06am
Long GBP USD 1.6294... Looks like it wants to go up from here... This is probably the fifth time I am trying GBP.. If this doesn't work I am going to leave this pair alone for a while.
Stops below 1.6275
2 Std Lots
  • #11,020
  • Apr 13, 2011 7:23am Apr 13, 2011 7:23am
be careful, in 8min there is news USD retail sales

Quoting Xxavier
Long GBP USD 1.6294... Looks like it wants to go up from here... This is probably the fifth time I am trying GBP.. If this doesn't work I am going to leave this pair alone for a while.
Stops below 1.6275
2 Std Lots
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