The WoRmHoLe | Page 704 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better-than-the-wormhole 555 replies

Attachments: The WoRmHoLe
Exit Attachments

The WoRmHoLe

  • #14,061
  • Jun 10, 2011 11:48am Jun 10, 2011 11:48am
Alright I got some issues capturing the screen since I'm not using Meta right now...
so I'll try it this way:

After failing to take out the highs @ 1.6466 yesterday cable dropped continuously all the way down to 1.6358 at which point a choppy Asian session formed a congestion zone on my M30 chart...A break below 1.6358 late Asian/Early Europe today triggered a massive unwinding through 1.6217...
short-term sentiment is extremely bearish atm, although a rapid bounce up to 1.6316 did materialize...the bounce has not done anything to reverse the bearish sentiment...that's why my view for the short-term remains bearish for the time being.

On the higher timeframes the picture doesn't look any better:
A May23-June3rd uptrend line on H8 was broken yesterday early NY session thus increasing downside pressure on cable.
Hear the music before the song is over ...
  • #14,062
  • Jun 10, 2011 11:51am Jun 10, 2011 11:51am
Quoting GlobalMacro
Alright I got some issues capturing the screen since I'm not using Meta right now...
so I'll try it this way:

After failing to take out the highs @ 1.6466 yesterday cable dropped continuously all the way down to 1.6358 at which point a choppy Asian session formed a congestion zone on my M30 chart...A break below 1.6358 late Asian/Early Europe today triggered a massive unwinding through 1.6217...
short-term sentiment is extremely bearish atm, although a rapid bounce up to 1.6316 did materialize...the bounce has not done anything to reverse the...
  • #14,063
  • Jun 10, 2011 11:51am Jun 10, 2011 11:51am
Closing my trades off for BE cos it's Friday and all .... see you guys next week - enjoy
  • #14,064
  • Jun 10, 2011 11:54am Jun 10, 2011 11:54am
Well done Nav , great work
  • #14,065
  • Jun 10, 2011 12:02pm Jun 10, 2011 12:02pm
Quoting chazzle
Well done Nav , great work
thanks bud
  • #14,066
  • Jun 10, 2011 12:07pm Jun 10, 2011 12:07pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Alright GM, good to see you mate!!

More glad that we are gathering on wormie's forum and away from all the noise.

My Bias will be bearish if pound doesn't close above/at 6250.
Close above it invalidates my bias as £ has habbit of screwing SL's then run in the opposite direction quickly (chart says it all).



ta
ams

Quoting GlobalMacro
Alright I got some issues capturing the screen since I'm not using Meta right now...
so I'll try it this way:

After failing to take out the highs @ 1.6466 yesterday cable dropped continuously all the way down to 1.6358 at which point a choppy Asian session formed a congestion zone on my M30 chart...A break below 1.6358 late Asian/Early Europe today triggered a massive unwinding through 1.6217...
short-term sentiment is extremely bearish atm, although a rapid bounce up to 1.6316 did materialize...the bounce has not done anything to reverse the...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 21 KB
  • #14,067
  • Jun 10, 2011 12:07pm Jun 10, 2011 12:07pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
lucky git :-)


Quoting nAVIN2007
thanks bro
exited positions..will wait next week for opportunites..i feel retraces happening and im taking my shit and running

536 pips

euro looks its gone far enough today
  • #14,068
  • Jun 10, 2011 12:13pm Jun 10, 2011 12:13pm
Quoting ams
lucky git :-)

lets keep an eye out on this one..lets see if it hits 1.2..could be a good buy
Attached Image (click to enlarge)
Click to Enlarge Name: cable1.jpg Size: 107 KB
  • #14,069
  • Jun 10, 2011 12:29pm Jun 10, 2011 12:29pm
Quoting ams
Alright GM, good to see you mate!!

More glad that we are gathering on wormie's forum and away from all the noise.

My Bias will be bearish if pound doesn't close above/at 6250.
Close above it invalidates my bias as £ has habbit of screwing SL's then run in the opposite direction quickly (chart says it all).



ta
ams
Good to see you too AMS! Yea it's pretty quiet in here...but I remember me, WB and BB having good fun with the funky one back in the day...LOL..btw where is BB?


On cable I'm watching today's low @ 1.6217 if that level were to break sell stops will create another fast slide .....

At this very moment only a "jump" above 1.6466 will turn me bullish for which the chances are very slim ...

Other than that around where we are right now we need a clear base for any bullish setup to take her up from here.
Hear the music before the song is over ...
  • #14,070
  • Jun 10, 2011 2:19pm Jun 10, 2011 2:19pm
Quoting GlobalMacro
Good to see you too AMS! Yea it's pretty quiet in here...but I remember me, WB and BB having good fun with the funky one back in the day...LOL..btw where is BB?


On cable I'm watching today's low @ 1.6217 if that level were to break sell stops will create another fast slide .....

At this very moment only a "jump" above 1.6466 will turn me bullish for which the chances are very slim ...

Other than that around where we are right now we need a clear base for any bullish setup to take her up from here.
no idea where BB is..he has disappeared..maybe with the yoga instructor (he did like the yoga classes)
  • #14,071
  • Jun 10, 2011 2:20pm Jun 10, 2011 2:20pm
Alright... this is what I'm looking at right now as far as cable is concerned...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: M30.jpg Size: 59 KB
Click to Enlarge Name: H8.jpg Size: 58 KB
Hear the music before the song is over ...
  • #14,072
  • Jun 10, 2011 2:25pm Jun 10, 2011 2:25pm
Quoting nAVIN2007
no idea where BB is..he has disappeared..maybe with the yoga instructor (he did like the yoga classes)
damn those sexy yoga instructors...all they know is to f*§&/ with men's heads...
Hear the music before the song is over ...
  • #14,073
  • Jun 11, 2011 5:27am Jun 11, 2011 5:27am
Chart
Attached Image (click to enlarge)
Click to Enlarge Name: SMID.jpg Size: 76 KB
  • #14,074
  • Jun 11, 2011 6:20am Jun 11, 2011 6:20am
Update is shorts are the way to go



Quoting Bones
Cool Nav ,Just I know how hard you worked for them buys ,please be on your toes !Maybe a take profit under todays candle ?
Really its how wormboy works taking profit on the way ,and I agree with that ,I'm far from perfect I know that
Its easy to give advise I often don't do myself ,lol
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd w1 11-6-11.gif Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #14,075
  • Jun 11, 2011 6:37am Jun 11, 2011 6:37am
But Eur is better
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #14,076
  • Jun 11, 2011 6:44am Jun 11, 2011 6:44am
Attached Image (click to enlarge)
Click to Enlarge Name: eur-gbp w1 11-6-11.gif Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #14,077
  • Jun 11, 2011 4:18pm Jun 11, 2011 4:18pm
Also Dario I think this is a good example ,orange line was of intrest but now I think we must go further ..


Quoting Bones
You are right Nav ,hang man tho is a difficult trade as you need to think we are at a top for it to be real ,sometimes a wick over is required ,Nav have you thought about closing the cable longs and reentering on the weekly break ?or pull back
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd monthly 11-6-11.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #14,078
  • Jun 12, 2011 3:12am Jun 12, 2011 3:12am
Quoting Bones
Update is shorts are the way to go
thanks brother
thanks for yur input..definately appreciated
  • #14,079
  • Jun 12, 2011 4:15am Jun 12, 2011 4:15am
Quoting nAVIN2007
no idea where BB is..he has disappeared..maybe with the yoga instructor (he did like the yoga classes)
Hi Nav & all.

BB had a battle epic with one of two poison-pens in Cable Update - real fallout and must have got sickened - said so. We lost Ctic too - he wrote / concurred with me - too much filth in the thread then.

Re. Cable : I wrote 09 June : "Good Day to All friends !
Can't make head or tail of this market action - Hope some news acts as catalyst !"

Same opinion now - it is, either, upturn is not far or it is 300 + point down ! Monday, down a bit before anything else.

Have a Good Day !
  • #14,080
  • Jun 12, 2011 4:21am Jun 12, 2011 4:21am
Quoting vilas
Hi Nav & all.

BB had a battle epic with one of two poison-pens in Cable Update - real fallout and must have got sickened - said so. We lost Ctic too - he wrote / concurred with me - too much filth in the thread then.

Re. Cable : I wrote 09 June : "Good Day to All friends !
Can't make head or tail of this market action - Hope some news acts as catalyst !"

Same opinion now - it is, either, upturn is not far or it is 300 + point down ! Monday, down a bit before anything else.

Have a Good Day !
i think its down im afraid if u have long bias..1.63 expect to be resistance and euro.. i expect to break support ..looking for signals to short
spent some time in dailly thread..tony is one of those traders..believe me, u have to take notice of his posts..he left cable thread years back wasnt the same after..thx god his head pop up for oxygen time to time

hope BB come back
12 traders viewing now