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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #13,281
  • May 25, 2011 3:30am May 25, 2011 3:30am
Quoting ruffryders
HTF all the way guys, GU hit bankers zone of the previous major high-low swing, that kinda means that on GU a high for the year was set, now more downside will be available and GU will likely range between 5000-6800 through the 2011. While the high has been set this year I doubt that the low has been set yet.

Here's the D1 chart

http://oi51.tinypic.com/do6scy.jpg

And if you zoom in on D1 that's what you get

http://oi54.tinypic.com/34g7tpi.jpg
only if we cross this blue line my man ..otherwise its bullish
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  • #13,282
  • May 25, 2011 3:36am May 25, 2011 3:36am
Quoting dario1002
Dude..... don't worry, it's not personal and right now not being in any trade i wish u get your trade right

eheh that is correct... we agree on the bottom line. The top line is not rocket science and here comes the trader instinct. IF u want to talk about textbook formation, i could say that your topline hasn't been touched in the last 2 Higher high . Anyway i reckon we are in a delicate place. Won't buy till we clear 6270 (as i pointed couple of days ago), but FOR SURE i will sell for good if we break 6050

yup..stick to yur guns bro..any1 can be wrong!!! like i said to me this is an investment..
  • #13,283
  • May 25, 2011 3:43am May 25, 2011 3:43am
loonie short sell @ market SL previous high TP + 60

+ add @ 9737 TP + 40

reason - PA rejected @ MR2 and WR1 price headed for weekly pivot at least @ 9720
  • #13,284
  • May 25, 2011 3:49am May 25, 2011 3:49am
actually dario..in yur chart whether it is a wedge or not makes no difference at all because if the lower trendline goes its a sell opportunity whichis exactly what ud play anyway

the fact that the lower trendline is correct is all u need since your looking for sell opportunity

buy opportunity however may be different
  • #13,285
  • May 25, 2011 3:51am May 25, 2011 3:51am
Quoting chazzle
GDP will show the way
er well , maybe not ...
  • #13,286
  • May 25, 2011 3:54am May 25, 2011 3:54am
It depends on how you plot your lines, for every action there is a reaction, currently PA on GU is described perfectly by modded fork, and we are stuck @ ML, yes we can go higher for a little while, but downside targets are more visible @ 5800 and 5600.

Also earnings for UK companies were released a while ago, new Q earnings not to come before mid July so I doubt there is any serious reason for GU to trade higher right now, especially with dollar picking ground lately.

Here's the fork off that D1 chart.

http://oi53.tinypic.com/23s816s.jpg
  • #13,287
  • May 25, 2011 3:54am May 25, 2011 3:54am
Quoting nAVIN2007
actually dario..in yur chart whether it is a wedge or not makes no difference at all because if the lower trendline goes its a sell opportunity whichis exactly what ud play anyway

the fact that the lower trendline is correct is all u need since your looking for sell opportunity

buy opportunity however may be different
that is what i was thinking as well, but anyway the LTL could give buy opportunity as well if on the HTF i see some bullish formation, with the close over that level (even tho now the level to break could be just the WP)

dude... u know that by any meaning don't want to tell u to sell or something like that.... just to be clear, i'm just sharing my view, and still sidelines for today
I don't want a job, i want money!
  • #13,288
  • May 25, 2011 4:00am May 25, 2011 4:00am
Quoting dario1002
that is what i was thinking as well, but anyway the LTL could give buy opportunity as well if on the HTF i see some bullish formation, with the close over that level (even tho now the level to break could be just the WP)

dude... u know that by any meaning don't want to tell u to sell or something like that.... just to be clear, i'm just sharing my view, and still sidelines for today
no worries brother!! its all good..
u gotta love trading..i have been spending a lot of time thinking about the significance of these formation..and u learn something everyday..eureka moments huh

u know what u just wrote is exactly my intention, its not to tell any1 how to trade..im just trying to contribute to azim's great thread, giving my point of view

charles u gotta love the 50% fibo
  • #13,289
  • May 25, 2011 4:08am May 25, 2011 4:08am
share infor is helpful to have a better look at charts...
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I don't want a job, i want money!
  • #13,290
  • May 25, 2011 4:11am May 25, 2011 4:11am
ok now it does look like the dollar is slipping, GJ short was stopped out @ BE.

http://oi54.tinypic.com/1673tll.jpg
  • #13,291
  • May 25, 2011 4:16am May 25, 2011 4:16am
Quoting ruffryders
ok now it does look like the dollar is slipping, GJ short was stopped out @ BE.

http://oi54.tinypic.com/1673tll.jpg
.
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  • #13,292
  • May 25, 2011 4:18am May 25, 2011 4:18am
yeah same deal on RSI actually, went above 70 and now dipped below 50, it's not looking good for the USDX now. Which kinda gets me back thinking long AUDUSD, GU looks tempting as well now.
  • #13,293
  • May 25, 2011 4:21am May 25, 2011 4:21am
Quoting ruffryders
GU looks tempting as well now.
Everything tempting in fx...
  • #13,294
  • May 25, 2011 4:26am May 25, 2011 4:26am
Quoting nAVIN2007

charles u gotta love the 50% fibo
ah yes YTD low to high 16070 is the fity - I'll let you in to a secret tho , fity is not a fib number
  • #13,295
  • May 25, 2011 4:26am May 25, 2011 4:26am
Quoting ruffryders
yeah same deal on RSI actually, went above 70 and now dipped below 50, it's not looking good for the USDX now. Which kinda gets me back thinking long AUDUSD, GU looks tempting as well now.
...me thinking...
Attached Image
I don't want a job, i want money!
  • #13,296
  • May 25, 2011 4:33am May 25, 2011 4:33am
there is not trap dollar is going down. core durables will be lower good explanation on bloomberg (although they do get it wrong most times, this time around reasoning is solid)
  • #13,297
  • May 25, 2011 4:34am May 25, 2011 4:34am
The only thing going higher in US is the Endeavour space shuttle. me thinks that dollar bulls abandoned the ship before launch sequence.

http://www.hellomynameisjuan.com/wp-...ket-Launch.jpg
  • #13,298
  • May 25, 2011 4:36am May 25, 2011 4:36am
Quoting chazzle
ah yes YTD low to high 16070 is the fity - I'll let you in to a secret tho , fity is not a fib number

no..damn
works like it is thou cable loves it!!
  • #13,299
  • May 25, 2011 4:40am May 25, 2011 4:40am
Quoting chazzle
H4 channel top and PA resistance at 16235 - would be good for a scalp south
Back to this plan atm
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  • #13,300
  • May 25, 2011 4:41am May 25, 2011 4:41am
Quoting dario1002
Dude..... don't worry, it's not personal and right now not being in any trade i wish u get your trade right
thanks man..
I have plenty of time..its fantastic when u can trade and feel nothing

just bored as crazy
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