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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #12,761
  • May 19, 2011 8:38am May 19, 2011 8:38am
Quoting wormboy
Breakout south looming by the looks of things.
what did he mean by looming??
I don't want a job, i want money!
  • #12,762
  • May 19, 2011 8:38am May 19, 2011 8:38am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Now pictures really describes me...


Quoting wormboy
this picture describes dario & ams emotional rollercoaster selling the pound & the euro
  • #12,763
  • May 19, 2011 8:39am May 19, 2011 8:39am
Quoting chazzle
now i leave you - 40 pip range could be forming 16145/85
Muppets , honestly - I don't know why I bother , good job you're all on my iggy list
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  • #12,764
  • May 19, 2011 8:39am May 19, 2011 8:39am
Quoting dario1002
what did he mean by looming??
Looming = About to happen
  • #12,765
  • May 19, 2011 8:47am May 19, 2011 8:47am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Mayhem will start just after 3 or 4ishh...
Once we are over with another set of news. If dollar +ve we tank straight , if not we tank 4 onwards getting few longs on board.

ta
ams

Quoting chazzle
Muppets , honestly - I don't know why I bother , good job you're all on my iggy list
  • #12,766
  • May 19, 2011 8:54am May 19, 2011 8:54am
Quoting dario1002
what did he mean by looming??
Guess he's trying to tell us that BO has not yet occurred and therefore we shouldn't be short yet. Now he's laughing his head off watching us trying to figure out what exactly he's referring too.
  • #12,767
  • May 19, 2011 8:58am May 19, 2011 8:58am
Quoting ams
Mayhem will start just after 3 or 4ishh...
shame I'm not around to trade it - see you guys later
  • #12,768
  • May 19, 2011 9:19am May 19, 2011 9:19am
Quoting Maharishi
Wormboy,

I'm new here so would value your guidance! What would confirm a breakout? Would the break of the days open have to be retested, if so at what point would one decide to enter a trade?

Thanks
Hello rishi

A break and proper close below tl/ s/r levels confirms it. In this case we're looking at the htf for general direction so the H1 is prefered. The previous H4 tho did not cleanly close below the day open, had it's body closing outside the daily open indicating that selling pressure is there.
Thank You
  • #12,769
  • May 19, 2011 9:21am May 19, 2011 9:21am
Quoting AnonYmos
Guess he's trying to tell us that BO has not yet occurred and therefore we shouldn't be short yet. Now he's laughing his head off watching us trying to figure out what exactly he's referring too.
Lol nope, but be prepared to sell that was what i was implying
Thank You
  • #12,770
  • May 19, 2011 9:24am May 19, 2011 9:24am
hello wormboy ..
i,m here for enlightenment i ve also beside monitoring gbpusd, been monitoring your thread......i,m new in trading hope to learn from ya.....
  • #12,771
  • May 19, 2011 9:26am May 19, 2011 9:26am
very bad news for US for sure don't help.... but i still have the trade going...
I don't want a job, i want money!
  • #12,772
  • May 19, 2011 9:32am May 19, 2011 9:32am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Fundamental point:


QE2 ending, bad US news = dollar becomes king.
QE2 ON, Bad US news = no one cares...dollar sell-off

We are in the middle of nowehere yet. QE2 will end not ended yet but the fear is out.





Quoting dario1002
very bad news for US for sure don't help.... but i still have the trade going...
  • #12,773
  • May 19, 2011 9:38am May 19, 2011 9:38am
news had always been misleading so far, news on gbp and us always gives me headache ......gd news for gbp = weak gbp.... bad news for us = strong usd ....
whats happening guys...
i,m new pls help..
any kind of assistance is greatly appreciated..
  • #12,774
  • May 19, 2011 9:48am May 19, 2011 9:48am
Quoting superdoink
news had always been misleading so far, news on gbp and us always gives me headache ......gd news for gbp = weak gbp.... bad news for us = strong usd ....
whats happening guys...
i,m new pls help..
any kind of assistance is greatly appreciated..
If you're new, stay with the charts my friend.
Thank You
  • #12,775
  • May 19, 2011 9:50am May 19, 2011 9:50am
Quoting superdoink
news had always been misleading so far, news on gbp and us always gives me headache ......gd news for gbp = weak gbp.... bad news for us = strong usd ....
whats happening guys...
i,m new pls help..
any kind of assistance is greatly appreciated..

my friend.. here we don't consider and trade news... they are just "noise" as long as we "mainly" trade on larger TF (even though here there are some very good scalpers in here such as chazzle-charls)

the best thing u can do... is to read Azim's post... and learn the basic of some of ours favourite patterns

here we are all friends ...and everybody is always willing to help... but of course sometimes some questions will just go unanswered and u should figure it out yourself

trade safe
I don't want a job, i want money!
  • #12,776
  • May 19, 2011 9:55am May 19, 2011 9:55am
Talking about BOs: I'm atm looking at GU from the point of view of a flag.
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  • #12,777
  • May 19, 2011 9:58am May 19, 2011 9:58am


ok then well thank you seniors i.,ll keep montoring i try to pick the skills from ya guys..
by the way great work....theres lot to learn from u guys thanks
  • #12,778
  • May 19, 2011 10:00am May 19, 2011 10:00am
Quoting superdoink
hello wormboy ..
i,m here for enlightenment i ve also beside monitoring gbpusd, been monitoring your thread......i,m new in trading hope to learn from ya.....
Welcome

Please read post #1 okay? And don't worry, if you have any questions just fire away, if i can't answer, the guys here will be able to. Good company we keep here.

Have a good one
Thank You
  • #12,779
  • May 19, 2011 10:01am May 19, 2011 10:01am
bhuahahah seriously???

look at 1 minute chart .....
Attached Image
I don't want a job, i want money!
  • #12,780
  • May 19, 2011 10:01am May 19, 2011 10:01am
this is madness..completely

but i aint gonna lie..a doji would help my long
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