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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #12,321
  • May 12, 2011 5:29am May 12, 2011 5:29am
Quoting AnonYmos
"safely assume"?
ok,
maybe a higher probability of a bearish continuation as a consequence of the pattern formation.
  • #12,322
  • May 12, 2011 5:31am May 12, 2011 5:31am
Quoting wormboy
yes.

well done my friend, beautiful chart
thanks
we learnt this from you not too long ago that this is a strong continuation pattern.
cheers
  • #12,323
  • May 12, 2011 5:33am May 12, 2011 5:33am
Quoting A 5
ok,
maybe a higher probability of a bearish continuation as a consequence of the pattern formation.
couldn't have said it better!
  • #12,324
  • May 12, 2011 5:34am May 12, 2011 5:34am
Quoting wormboy
yes.

well done my friend, beautiful chart
Any targets you're looking at?
  • #12,325
  • May 12, 2011 5:40am May 12, 2011 5:40am
can I ask, I try to google this pattern but do you mean bearish falling three? (which give me a sence) or TREE? (don`t know this)

all the best

Quoting A 5
thanks
we learnt this from you not too long ago that this is a strong continuation pattern.
cheers
  • #12,326
  • May 12, 2011 5:43am May 12, 2011 5:43am
amended SL=BE

Quoting scurt
Short@1,6307 SL 1,6388 TP1 1,6235 TP2 1,6180
  • #12,327
  • May 12, 2011 5:53am May 12, 2011 5:53am
Quoting scurt
can I ask, I try to google this pattern but do you mean bearish falling three? (which give me a sence) or TREE? (don`t know this)

all the best

falling three is the opposite of the rising three... which is a very stong continuation pattern for the upside. Not sure is the falling three is as reliable as the bullish twinbrother though...

no trades for me today... due to my limited screentime i can't properly follow charts... so i just can trade with PO from high probability points where to go short (considering the bearish sentiment). As for GU the PO was a bit over the DP (and a bit under 6420), while for EU it was around DP and monthly S1 (inbetween)... but none of them were triggered... too bad

well... talk to u later guys.. will cancel the PO during the news and will try to stick around so that i can see what happens
I don't want a job, i want money!
  • #12,328
  • May 12, 2011 5:54am May 12, 2011 5:54am
Quoting scurt
can I ask, I try to google this pattern but do you mean bearish falling three? (which give me a sence) or TREE? (don`t know this)

all the best
Scurt, you are right, it's three
error on my part
cheers
  • #12,329
  • May 12, 2011 6:17am May 12, 2011 6:17am
cheers, I just didn`t know if I am not missing something...thanks

Quoting A 5
Scurt, you are right, it's three
error on my part
cheers
cheers bro` , yep today I had almost the same PO....

Quoting dario1002
falling three is the opposite of the rising three... which is a very stong continuation pattern for the upside. Not sure is the falling three is as reliable as the bullish twinbrother though...

no trades for me today... due to my limited screentime i can't properly follow charts... so i just can trade with PO from high probability points where to go short (considering the bearish sentiment). As for GU the PO was a bit over the DP (and a bit under 6420), while for EU it was around DP and monthly S1 (inbetween)... but none of them were triggered... too bad

well... talk to u later guys.. will cancel the PO during the news and will try to stick around so that i can see what happens
  • #12,330
  • May 12, 2011 6:55am May 12, 2011 6:55am
what's clearly seen on H8 cable chart.

http://img831.imageshack.us/img831/9827/8hourcable.png
  • #12,331
  • May 12, 2011 7:05am May 12, 2011 7:05am
Quoting AnonYmos
Any targets you're looking at?
I personally am not looking at any trading wise since I've cleared all my shorts yesterday @195
But, looking at the charts, I see nothing to stop euro to drop to 1.4
Thank You
  • #12,332
  • May 12, 2011 7:12am May 12, 2011 7:12am
Quoting wormboy
There you go, 75.5
Dollar bulls are still on a rampage, don't bet on this resistance to hold till it's confirmed tho.

Good luck.
Welp, 75.5 had held so far, rightly so before the ny open & data release.
However I can see the dollar bulls taking a breather & inhaling deep before going crazy again, can you?



Give you a hint, it's on the H4 DX
Attached Image (click to enlarge)
Click to Enlarge Name: dx4.png Size: 15 KB
Thank You
  • #12,333
  • May 12, 2011 7:25am May 12, 2011 7:25am
i don't scalp and don't trade 5 min, but that is a beauty.

news in 5 mins anyway..
Attached Image (click to enlarge)
Click to Enlarge Name: eu5m12-05.jpg Size: 136 KB
I don't want a job, i want money!
  • #12,334
  • May 12, 2011 7:32am May 12, 2011 7:32am
news came out kinda mixed, which is good for the dollar i guess given the momentum build up.
  • #12,335
  • Edited 8:17am May 12, 2011 7:58am | Edited 8:17am
come on.. really?? not even the slightest retracement??? hmmm

ok mister EU... now please go to the DP and monthly S1 so that i can short the hell out of u!!
I don't want a job, i want money!
  • #12,336
  • May 12, 2011 8:17am May 12, 2011 8:17am
yep retrace is in place for sure. just checked out USDX EW, upside is 76.75, but 75 has to stay though.
  • #12,337
  • May 12, 2011 8:48am May 12, 2011 8:48am
does anybody know when our fella BEN will stop talking?

i would short eu from the pinbar... but.... the guy is famous for messing things up for dollar...
I don't want a job, i want money!
  • #12,338
  • May 12, 2011 8:51am May 12, 2011 8:51am
fyi almost complete major pins off H1 on gold and light crude.
  • #12,339
  • May 12, 2011 8:56am May 12, 2011 8:56am
Quoting ruffryders
fyi almost complete major pins off H1 on gold and light crude.
hey chuvak.. kogda nashii luche drug BEN zakanchivaet svoi rasgavor??
I don't want a job, i want money!
  • #12,340
  • May 12, 2011 8:59am May 12, 2011 8:59am
chem bystree tem luchshe, bablo pobejdaet zlo!
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