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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #12,181
  • May 11, 2011 4:48am May 11, 2011 4:48am
it's a sliding H&S pattern on H8, see for yourself.

http://img34.imageshack.us/img34/5540/guh8slidinghs.png
  • #12,182
  • May 11, 2011 4:54am May 11, 2011 4:54am
Also interesting how on H6 the bar, which wasn't a true H4 pin bar, was a classic text book example classic pin bar at a 50 important fibo from latest PA swing high/low.
  • #12,183
  • May 11, 2011 4:56am May 11, 2011 4:56am
6560-6580 area holds the key for future PA development on GU, I'd fancy going short upon some indication of reversal.
  • #12,184
  • May 11, 2011 4:57am May 11, 2011 4:57am
Quoting ruffryders
Also interesting how on H6 the bar, which wasn't a true H4 pin bar, was a classic text book example classic pin bar at a 50 important fibo from latest PA swing high/low.

dailly pin held..also bullish diverence on 4hr..that isnt a head n shoulder or at least not an obvious one
  • #12,185
  • May 11, 2011 4:58am May 11, 2011 4:58am
Quoting primzvicious
where to brother upside or downside?

i have maximum 165 to the downside not seeing 150 for this week and at least 450 to the upside

currently have the last runner from 279 which most of them had closed on 410


closed

http://www.forexfactory.com/attachme...1&d=1305107500
Verily, in every difficulties there is relief
  • #12,186
  • May 11, 2011 5:35am May 11, 2011 5:35am
interesting EU update

Quote
Hedge funds seem to be betting on lower Euro over the short to mid-term, according to the FXMarketsAlerts Team, which points out to option players buying strikes out to 6week EUR/JPY at 111.00 and an important volume of options on 1 month EUR/USD at 1.3900.

This morning there has been action at 1-week EUR/USD at 1.4200 and 1.4250, according to the FXMarketsAlerts Team
  • #12,187
  • May 11, 2011 5:38am May 11, 2011 5:38am
Quoting chazzle
Not around today - have a small position on EG short , looking for continuation of the bear move after some consolidation ... GL all
Cashing out now - who says EG is a shit pair to trade?
  • #12,188
  • May 11, 2011 5:44am May 11, 2011 5:44am
Quoting nAVIN2007
was expected i think..technically i think we had a falling wedge..retrace 61.8 and breakout..north.

man i hope so..i been waiting for this mofo to break north for a while now..lol

be lucky
Hi Navin , yeah I saw the wedge aswell albeit after the fact - see how many 30 pip longs could have taken yesterday with RR 1:1 - trading the bounce off upper dtl?
  • #12,189
  • May 11, 2011 5:46am May 11, 2011 5:46am
EG for sure is decent, if euro continues to decline, as it did last week and GU stays at least at current levels, EG will decline to 8500 very soon, I have a pending short sell order with SL at recent high at 8815 TP is around 8540 area.
Nice play if it unveils.
  • #12,190
  • May 11, 2011 5:55am May 11, 2011 5:55am
Quoting chazzle
Hi Navin , yeah I saw the wedge aswell albeit after the fact - see how many 30 pip longs could have taken yesterday with RR 1:1 - trading the bounce off upper dtl?
i noticed the wedge yesterday..sometimes, well actually im shocked as to how much trading is bouncing of these patterns with quite amazing accuracy..till i get good at that i cant trade with minimal stops

but yur 100% correct..my god man!
  • #12,191
  • May 11, 2011 5:59am May 11, 2011 5:59am
prepping for EU to get ejected south.
  • #12,192
  • May 11, 2011 6:11am May 11, 2011 6:11am
PO GU short under the hourly pin... don't think we will that easily cross the WP and MP...

SL 6515... will see how it goes...
I don't want a job, i want money!
  • #12,193
  • May 11, 2011 6:20am May 11, 2011 6:20am
EU pending ss order at 4337 SL 4400-4420 and TP at 4160 initially.

reason for the ss: strong 4400-4420 PPZ and strong daily downtrend in play. IEURX below MP/WP levels.
  • #12,194
  • May 11, 2011 6:28am May 11, 2011 6:28am
Quoting dario1002
PO GU short under the hourly pin... don't think we will that easily cross the WP and MP...

SL 6515... will see how it goes...
Yes for sure, still bearish on this pair, according to the weekly, like WB said this pair like to retrace to fib 50%, let see what happen.
i start to build short until this fib, if pa clear the 50% i will close my short.
for this moment im short nzd/usd (last weekly and daily candle), but this pair move slowly and the range also is not wide.
good luck to all
Trade with the momentum
  • #12,195
  • May 11, 2011 6:40am May 11, 2011 6:40am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
GU is above monthly pivot, weekly pivot and you want to sell?


ta
ams


Quoting sailor68
Yes for sure, still bearish on this pair, according to the weekly, like WB said this pair like to retrace to fib 50%, let see what happen.
i start to build short until this fib, if pa clear the 50% i will close my short.
for this moment im short nzd/usd (last weekly and daily candle), but this pair move slowly and the range also is not wide.
good luck to all
  • #12,196
  • May 11, 2011 6:41am May 11, 2011 6:41am
6560-6580 going ss before than is not highly recommended. why go ss if GU is only gaining momentum?
  • #12,197
  • May 11, 2011 6:44am May 11, 2011 6:44am
Quoting ams
GU is above monthly pivot, weekly pivot and you want to sell?


ta
ams
whats happening amigo? u well..
  • #12,198
  • May 11, 2011 6:45am May 11, 2011 6:45am
Quote
GU is above monthly pivot, weekly pivot and you want to sell?

talk about shorts going faster than longs.
  • #12,199
  • May 11, 2011 6:49am May 11, 2011 6:49am
Quoting ams
GU is above monthly pivot, weekly pivot and you want to sell?


ta
ams


agree...

but my view if 520 area could hold there is a chance we retest 410 again...
Verily, in every difficulties there is relief
  • #12,200
  • May 11, 2011 6:49am May 11, 2011 6:49am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Can't complain mate!! Have been buying GU since 64 and kept buying even when it went to 6280 ofcourse was shit***g in my pants but was sure it ain't gonna tank that easy below this. So finally paid off handsomely.


How about you?

ta
ams


Quoting nAVIN2007
whats happening amigo? u well..
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