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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #13,661
  • Edited 2:21pm Jun 1, 2011 1:53pm | Edited 2:21pm
this is the setup ladies..we gonna pounce when she makes a sudden move

i have a feeling euro is gonna tank
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  • #13,662
  • Jun 1, 2011 1:55pm Jun 1, 2011 1:55pm
Quoting nAVIN2007
this is the setup ladies..we gonna pounce when she makes a sudden move
yes I hope she pounces down.. I'm still holding my short from this morning. Been a tough day...
Money is the result derived from the execution of a skillset
  • #13,663
  • Jun 1, 2011 2:04pm Jun 1, 2011 2:04pm
Quoting Marquis
Sold EUR 1.4403 S/L 1.4460

Bad news about EU from German newspaper in addition EUR faces strong resistance at 1.4436 from weekly and monthly pivot.
Closed the damn trade @ 1.4370... toughest 33 pips ever.. Let's see what tomorrow has in store
Money is the result derived from the execution of a skillset
  • #13,664
  • Jun 1, 2011 2:06pm Jun 1, 2011 2:06pm
Quoting nAVIN2007
this is the setup ladies..we gonna pounce when she makes a sudden move

and i cleared my short at the DP. I know it will be the DP still for couple of hours and if price stays there, we will open tomorrow under DP, but it's been a long day, and i managed to book some profit, so no need for being greed.

Have a good night fellas!
I don't want a job, i want money!
  • #13,665
  • Edited 2:52pm Jun 1, 2011 2:10pm | Edited 2:52pm
Quoting dario1002
and i cleared my short at the DP. I know it will be the DP still for couple of hours and if price stays there, we will open tomorrow under DP, but it's been a long day, and i managed to book some profit, so no need for being greed.

Have a good night fellas!
same night fellas
the thing is tanking..lol

Quoting dario1002
and i cleared my short at the DP. I know it will be the DP still for couple of hours and if price stays there, we will open tomorrow under DP, but it's been a long day, and i managed to book some profit, so no need for being greed.

Have a good night fellas!
once again market puts a boat in it..Eu is moving through the floor
  • #13,666
  • Jun 1, 2011 4:45pm Jun 1, 2011 4:45pm
Quoting ams
Now we both know China owns 50 -70 percent of USA debt?
They are funding US debts as part of secret agreement between US-China.
Thats completely inaccurate. http://en.wikipedia.org/wiki/File:Co..._2005-2010.PNG

Quoting ams
If they don't buy the debt, US dollar will be cheap sh*t as no one will buy the debt and US companies will not outsource manufacturing to China or IT/CallCentre supp to India dollar being cheap and labour available locally.
The government bond auctions will never fail because they are designed that way. If China is not the one "buying" someone else will. (buying in quotes because they are just converting dollars they have because of their current account surplus with the US to bonds which are basically legal tender(cash) with a low rate of return - like having your money in a savings account vs a checking account).

Note: The US does not need China(or anyone else) to finance it's spending because bond auctions don't actually finance the government.
http://pragcap.com/resources/underst...onetary-system

Quoting ams
US is the only country in the world who has enough commodity prduced locally and still consumes more, ask for import.
Not accurate, many if not most western countries have current account deficits.
http://en.wikipedia.org/wiki/File:Cu...nt_Balance.png

The current account does not only include commodities but most western countries are net exporters of services and import commodities/goods.

/facts

My take is that people are overestimating China's strength because the Chinese Government is not transparent and underestimating the US in large part due to misconceptions about the current fiscal situation they are in but I'm no expert.

Cheers.
  • #13,667
  • Jun 1, 2011 5:48pm Jun 1, 2011 5:48pm
Quoting chazzle
Long 16382 SL 16282
cutting this 16330
  • #13,668
  • Jun 1, 2011 6:24pm Jun 1, 2011 6:24pm
dammit .. made me wait the whole day & they went without me
Thank You
  • #13,669
  • Jun 1, 2011 6:25pm Jun 1, 2011 6:25pm
This might sound crazy but I've gone back in long after looking at W1 - 163 is the fity of last week low to this week high and there is good support here also.

Still trending up ...

another emergency SL of 100.

Risk of this trade + loss on last = 3%
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  • #13,670
  • Jun 1, 2011 6:26pm Jun 1, 2011 6:26pm
EurUsd

1. long @4337 sl @4305 tp @4370 (2.0)
Thank You
  • #13,671
  • Jun 1, 2011 8:55pm Jun 1, 2011 8:55pm
Quoting wormboy
EurUsd

1. long @4337 sl @4305 tp @4370 (2.0)
Closed.

EurUsd

1. long @4337 closed @4362 (2.0)
Thank You
  • #13,672
  • Jun 1, 2011 9:03pm Jun 1, 2011 9:03pm
Reversed.

EurUsd

1. short @4357 sl @4465 tp @4200 (1.0)
Thank You
  • #13,673
  • Jun 2, 2011 12:25am Jun 2, 2011 12:25am
Quoting chazzle
I've gone back in long
cancelled at BE - will just scalp instead
  • #13,674
  • Jun 2, 2011 1:30am Jun 2, 2011 1:30am
Quoting wormboy
Reversed.

EurUsd

1. short @4357 sl @4465 tp @4200 (1.0)
same boat here... let's see what LO will give us..
I don't want a job, i want money!
  • #13,675
  • Jun 2, 2011 1:45am Jun 2, 2011 1:45am
Goodmorning everyone,

I wouldn't be too hasty to short the EUR as PA today seems fairly testy to the bullish side, furthermore as we saw yesterday she barely came off even with cable tanking and 280 point dip in the DOW.

With 9.30 news coming out on cable and an increasingly negative technical chart it seems I will be looking for a setup to play on GBP instead
Money is the result derived from the execution of a skillset
  • #13,676
  • Jun 2, 2011 2:44am Jun 2, 2011 2:44am
Morning all,

loaded short as well, 2 hours drop, and now 11 hours tooks EU to climb back... not nice but still bearish flag to me... monthly close wasn`t so great but still bearish engulf candle... so now looking only for shorts. will change my mind if we make hhigh...

all the best

Quoting dario1002
same boat here... let's see what LO will give us..
  • #13,677
  • Jun 2, 2011 2:50am Jun 2, 2011 2:50am
Quoting scurt
Morning all,

loaded short as well, 2 hours drop, and now 11 hours tooks EU to climb back... not nice but still bearish flag to me... monthly close wasn`t so great but still bearish engulf candle... so now looking only for shorts. will change my mind if we make hhigh...

all the best

well.. good luck to us... even though a close over 44 would make me seriously doubt my entrance... let's see how it goes, maybe it's just a London fakey...
I don't want a job, i want money!
  • #13,678
  • Jun 2, 2011 3:05am Jun 2, 2011 3:05am
by the way... just wanted to point out that.. when during the night i sleep, price makes 100 pips... in the direction that i was planning, when i set alarms and so on... PA just mess with me
I don't want a job, i want money!
  • #13,679
  • Jun 2, 2011 3:50am Jun 2, 2011 3:50am
hmmm overextended period for bulls... and now price is over 1.44

time to start thinking about an exit strategy
I don't want a job, i want money!
  • #13,680
  • Jun 2, 2011 4:01am Jun 2, 2011 4:01am
Quoting dario1002
hmmm overextended period for bulls... and now price is over 1.44

time to start thinking about an exit strategy
You already know the i/d is overextended beyond the 7th hour ... Just place a stop and wait for the big drop later
Thank You
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