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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #13,401
  • May 25, 2011 12:50pm May 25, 2011 12:50pm
cable has 3 days to gain 400 pips and we have a possibility of a bullish monthly..definately possible
  • #13,402
  • May 25, 2011 1:01pm May 25, 2011 1:01pm
NAV bro I'm not sure about 400 pips in three days, although that has been done before, but a retest of MP @ 6480 is possible, if the dollar bears resurrect from that coffin.

sorry if I disappoint anyone but on GU I'm only looking for an entry to go long.
  • #13,403
  • May 25, 2011 1:23pm May 25, 2011 1:23pm
Quoting ruffryders
NAV bro I'm not sure about 400 pips in three days, although that has been done before, but a retest of MP @ 6480 is possible, if the dollar bears resurrect from that coffin.

sorry if I disappoint anyone but on GU I'm only looking for an entry to go long.

even if it doesnt the formation of the candle will be heading toward a retest of 1.67
here hoping..have a good one bro!
  • #13,404
  • May 25, 2011 1:32pm May 25, 2011 1:32pm
Quoting nAVIN2007
even if it doesnt the formation of the candle will be heading toward a retest of 1.67
here hoping..have a good one bro!
Nav for me I'm more focused on on 100-150 points moves on GU, so right now looking for a decent entry to go long, which is at least 2 to 1 risk/reward, we need to clear the GU PPZ @ 6305-6311 to unlock upside @ 6380-6420. That would be enough for me for one day trading, I figure this scenario might kick in tmrw.

If we fail to clear the GU PPZ, PA will reverse back to 6120-6140 area. Both options are on and can be traded with success.
  • #13,405
  • May 25, 2011 1:35pm May 25, 2011 1:35pm
Quoting ruffryders
Nav for me I'm more focused on on 100-150 points moves on GU, so right now looking for a decent entry to go long, which is at least 2 to 1 risk/reward, we need to clear the GU PPZ @ 6305-6311 to unlock upside @ 6380-6420. That would be enough for me for one day trading, I figure this scenario might kick in tmrw.

If we fail to clear the GU PPZ, PA will reverse back to 6120-6140 area. Both options are on and can be traded with success.
definitely bro
  • #13,406
  • May 25, 2011 3:31pm May 25, 2011 3:31pm
[quote=ruffryders;4644042]Mattz if I was you I wont be so confident about it.
/quote]

Thx for the tips!
As Azim said I ll go my way but I notice what you said.

We are aside R so the hit wont be that hard if.
Down RR is good vs my risk so let's see!
"It's not about the pay check, it's about crushing the rebellion"
  • #13,407
  • May 25, 2011 8:16pm May 25, 2011 8:16pm
Quoting wormboy
welp, that's my euro stopped out to the pip. To be honest it does look like it's gonna pop topside towards 4200.
Having none of it tho, losing day today $680. I better call it a day.
Good luck to everyone!
Good morning

Textbook breakout as expected & I got a timely entry & probably will be able to wipe out yesterday's losses. I'll be looking @4170 to clear more profit as the usdx will test the w1 pivot @75.57 Keep in mind that for the past 2 weeks the pattern had been the same, dollar dropped to the w1 pivot till Thursday & bounced & created new highs as the week gets to Friday close. Today the same thing is again looking to happen as the dx approach the w1 pivot. Whether it'll bounce or not is a different story altogether, so some profit taking at the pivot won't hurt imo.
Can always make a re-entry on the break or bounce of the pivot later.

Good luck.
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  • #13,408
  • May 25, 2011 8:24pm May 25, 2011 8:24pm
Quoting nAVIN2007
tomorrow will be better no doubt..
have a good one bro
Thanks Nav. Good start to the day for me.
Cable imo will test 420. It had been consolidating for a few days & big breakouts like this don't usually turn on a dime. Your persistence is doing you justice finally bro well done! Just don't forget to lock your weaker positions just in case the unexpected happens. Good luck brother
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  • #13,409
  • May 25, 2011 9:06pm May 25, 2011 9:06pm
Quoting wormboy
Good morning

Textbook breakout as expected & I got a timely entry & probably will be able to wipe out yesterday's losses. I'll be looking @4170 to clear more profit as the usdx will test the w1 pivot @75.57 Keep in mind that for the past 2 weeks the pattern had been the same, dollar dropped to the w1 pivot till Thursday & bounced & created new highs as the week gets to Friday close. Today the same thing is again looking to happen as the...
Cleared for profit @4170 as both the euro & the dx tests the W1 pivot.
Let's see what London does later. Chow
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  • #13,410
  • May 25, 2011 10:38pm May 25, 2011 10:38pm
Quoting primzvicious
bounce?
yes it is
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Verily, in every difficulties there is relief
  • #13,411
  • May 25, 2011 10:56pm May 25, 2011 10:56pm
Quoting wormboy
Cleared for profit @4170 as both the euro & the dx tests the W1 pivot.
Let's see what London does later. Chow

very good... worm boy... or sgt baik

fundamental style speculate... i like

my GBPUSD current analysis..
http://www.forexfactory.com/showthre...55#post4644955

later on

ps sorry lama x post sini..
  • #13,412
  • May 25, 2011 11:46pm May 25, 2011 11:46pm
Quoting smilemiz
very good... worm boy... or sgt baik

fundamental style speculate... i like

my GBPUSD current analysis..
http://www.forexfactory.com/showthre...55#post4644955

later on

ps sorry lama x post sini..
I would really appreciate comments on the above analysis. It was well put together.

On another note, quick question:

Ive noticed for a few days now, right around the 24gmt mark that the spread jumps up 20-30 pips (im on ECN) for a couple minutes. Today the Ask stayed pretty much flat, but at the same time the Bid jumped way down 24 pips, then back up, then back down to the same level again.

Can anyone explain whats going on there? Ive lost a few positions just because my stop gets hit on that Bid spike down.

Can it be used as any sort of indicator for the rest of the Asia session?
  • #13,413
  • May 26, 2011 12:49am May 26, 2011 12:49am
Quoting wormboy
Cleared for profit @4170 as both the euro & the dx tests the W1 pivot.
Let's see what London does later. Chow
i hope euro manages 4230 ; can't say beyond that.
  • #13,414
  • May 26, 2011 1:10am May 26, 2011 1:10am
I think it will take a lot of SL at 1.42 then

I'm currently long in several positions on Silver since 3590.
First TG is 3940 (where it could drop like a stone) then 4900. That would be the ideal scenario However I have the feeling silver and Gold may start ranging as we are approching Summer. I have moved my SL along to cover my weaker positions.
Any idea welcome, you can pm me as I to daily atm so not behind computer



Quoting hindustani
i hope euro manages 4230 ; can't say beyond that.
  • #13,415
  • May 26, 2011 1:13am May 26, 2011 1:13am
That's all great stuff, however don't forget PB on D1 on IEURX @ major support line and PPZ.

Here's the D1 chart.

Also on GU a lot of traders are calling for downside but really the momentum is just picking up and GU is prepping for a spike up toward 6400. So someone here was short since 6219. Current BID is 6310. I think it' better to go with momentum and also manage your exposure wisely. For sure I won't be too happy to see a GU short in red with -100 right now.

Also since I'm monitoring oil prices on regular basis for the company, the futures market is trading higher for june/july and light crude pennant broke to the upside.

http://img600.imageshack.us/img600/3985/ieurxd1pb.png
  • #13,416
  • May 26, 2011 1:16am May 26, 2011 1:16am
Sailor mate have you seen the kiwi take off from that WP? It's up 200 points almost by now, do you know what's the deal there?
  • #13,417
  • May 26, 2011 1:24am May 26, 2011 1:24am
Also this is bullish three inside up on D1 GU, it's not text-book exactly but the pattern is there.

http://img263.imageshack.us/img263/7277/gubullishd1.png
  • #13,418
  • May 26, 2011 1:48am May 26, 2011 1:48am
Always interesting trading strategies to be picked up on the EU thread.

Quoting SirMcPip
Position Trade


Buy Limit 1.3920....SL 1.3770....Target 1.5970
  • #13,419
  • May 26, 2011 1:51am May 26, 2011 1:51am
Quoting ruffryders
Sailor mate have you seen the kiwi take off from that WP? It's up 200 points almost by now, do you know what's the deal there?
Hi ruffryders,

Maybe you read it already

http://www.ashraflaidi.com/forex-news/?a=2408
Trade with the momentum
  • #13,420
  • May 26, 2011 1:54am May 26, 2011 1:54am
Quoting ruffryders
Also this is bullish three inside up on D1 GU, it's not text-book exactly but the pattern is there.

http://img263.imageshack.us/img263/7277/gubullishd1.png
Look at the last H4, indecision, let see what happen on support 6270-80 also price is on yesterday's high area.
Trade with the momentum
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