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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #14,101
  • Jun 13, 2011 3:12am Jun 13, 2011 3:12am
Quoting wormboy
Stop amended (eurusd). Cable unchanged.

GBPUSD

1. long @6415 sl @6205 (5.0)
2. long @6268 sl @6205 (1.0)

EURUSD

1. long @4337 sl @4340 (2.0)

Cool trading, bro! With you in EU, still watching GU. Trade safe!
  • #14,102
  • Jun 13, 2011 3:24am Jun 13, 2011 3:24am
Quoting wormboy
Open position summary

GBPUSD

1. long @6415 sl @6205 (5.0)
2. long @6268 sl @6205 (1.0)

EURUSD

1. long @4337 sl @4315 (2.0)

Azim just to know.. why u bearish on us dollar?
I don't want a job, i want money!
  • #14,103
  • Jun 13, 2011 3:41am Jun 13, 2011 3:41am
Quoting dario1002
Azim just to know.. why u bearish on us dollar?
I couldnt help myself..dario what yah think buddy

azim look at the 2 week chart brother..but its a difficult one as euro actually is on support so can bounce also but 2 week got quite a strong PA
Attached Image(s) (click to enlarge)
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  • #14,104
  • Jun 13, 2011 3:43am Jun 13, 2011 3:43am
Quoting wormboy
Stop amended (eurusd). Cable unchanged.

GBPUSD

1. long @6415 sl @6205 (5.0)
2. long @6268 sl @6205 (1.0)

EURUSD

1. long @4337 sl @4340 (2.0)
Stopped (eurusd)

EURUSD

1. long @4337 stopped @4340 (2.0)

Cable unchanged.

GBPUSD

1. long @6415 sl @6205 (5.0)
2. long @6268 sl @6205 (1.0)
Thank You
  • #14,105
  • Jun 13, 2011 3:45am Jun 13, 2011 3:45am
Quoting dario1002
Azim just to know.. why u bearish on us dollar?
be more specific
Thank You
  • #14,106
  • Jun 13, 2011 3:47am Jun 13, 2011 3:47am
Quoting wormboy
Stopped (eurusd)

EURUSD

1. long @4337 stopped @4340 (2.0)
  • #14,107
  • Jun 13, 2011 3:49am Jun 13, 2011 3:49am
Quoting nAVIN2007
I couldnt help myself..dario what yah think buddy

azim look at the 2 week chart brother..but its a difficult one as euro actually is on support so can bounce also but 2 week got quite a strong PA
I bought the eurusd earlier based on the m5 not the 2 weeks bro. Price was struggling to break friday's low, which prompted my scalp trade.
Thank You
  • #14,108
  • Jun 13, 2011 3:52am Jun 13, 2011 3:52am
Quoting wormboy
be more specific
What i see is an inverted H&S on DX... and we are back in the "recovery zone" as we left the deep fall zona (let's say all that is below 74.13).

Cable made a full reversal pattern on weekly chart and now just testing DP and 6270 (old known level) + we are under DP WP and MP.

So... the question is... why to long at this level? and considering that u longed EU as well i believe it's not a cable thing.. but more generally u are bearish on dollar.
Attached Image (click to enlarge)
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I don't want a job, i want money!
  • #14,109
  • Jun 13, 2011 3:57am Jun 13, 2011 3:57am
Quoting wormboy
I bought the eurusd earlier based on the m5 not the 2 weeks bro. Price was struggling to break friday's low, which prompted my scalp trade.

I know buddy..jut prompting u to see that PA on 2 weeks kinda strong
  • #14,110
  • Jun 13, 2011 4:14am Jun 13, 2011 4:14am
Quoting dario1002
What i see is an inverted H&S on DX... and we are back in the "recovery zone" as we left the deep fall zona (let's say all that is below 74.13).
The dollar is only bullish once the D1 close above 76. See chart below

Quoting dario1002
Cable made a full reversal pattern on weekly chart and now just testing DP and 6270 (old known level) + we are under DP WP and MP.
Yes, but look to the left of your chart towards June - Dec 2009 period & look again towards Jan - March 2011 period, current price is sitting on support. And then there is a small matter of a rising trendline from the 17th May 2010 low which is less than 100 pips from here. Last 2 weeks, when price tested the trendline, cable jumped 450 pips. I will have no problems selling, only after the mentioned supports go.

Quoting dario1002
So... the question is... why to long at this level? and considering that u longed EU as well i believe it's not a cable thing.. but more generally u are bearish on dollar.
I was attempting to scalp some pips. Those D1, W1 charts don't mean anything when I'm trading from the m1 or the m5
Attached Image (click to enlarge)
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Thank You
  • #14,111
  • Jun 13, 2011 4:18am Jun 13, 2011 4:18am
Quoting nAVIN2007
I know buddy..jut prompting u to see that PA on 2 weeks kinda strong
cheers nav thanks.

I wanted to scalp to reduce the drawdown I have at hand, not trying to position myself on another large trade. That is also the reason why I had also moved my stops higher earlier.
Thank You
  • #14,112
  • Jun 13, 2011 4:25am Jun 13, 2011 4:25am
Quoting wormboy
The dollar is only bullish once the D1 close above 76. See chart below



Yes, but look to the left of your chart towards June - Dec 2009 period & look again towards Jan - March 2011 period, current price is sitting on support. And then there is a small matter of a rising trendline from the 17th May 2010 low which is less than 100 pips from here. Last 2 weeks, when price tested the trendline, cable jumped 450 pips. I will have no problems selling, only after the mentioned supports go.



I was attempting to scalp some pips. Those D1, W1 charts don't...

got your point... thanks

And ... if i can again.... That LTL that u mentioned. Eventually.Wil u consider it broken on a daily bases, weekly bases, or monthly?
I don't want a job, i want money!
  • #14,113
  • Jun 13, 2011 4:30am Jun 13, 2011 4:30am
Quoting wormboy
cheers nav thanks.

I wanted to scalp to reduce the drawdown I have at hand, not trying to position myself on another large trade. That is also the reason why I had also moved my stops higher earlier.
i know brother!!..id be doing the same
good luck bro!! ..i know how impt it is to get it right especially when playing with real money!!
  • #14,114
  • Jun 13, 2011 4:31am Jun 13, 2011 4:31am
Quoting dario1002
got your point... thanks
You're welcome. Sorry, but fighting a $10k drawdown gets me agitated quite a bit. Don't take it personally my friend, I still am human
Thank You
  • #14,115
  • Jun 13, 2011 4:32am Jun 13, 2011 4:32am
Quoting dario1002

And ... if i can again.... That LTL that u mentioned. Eventually.Wil u consider it broken on a daily bases, weekly bases, or monthly?
Daily.
Thank You
  • #14,116
  • Jun 13, 2011 4:34am Jun 13, 2011 4:34am
Quoting wormboy
You're welcome. Sorry, but fighting a $10k drawdown gets me agitated quite a bit. Don't take it personally my friend, I still am human

Duuude u know me... all i can wish for u is the best

and... just a little heads up... here is the last time when u only were telling long.. and everybody was screaming short
Attached Image (click to enlarge)
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I don't want a job, i want money!
  • #14,117
  • Jun 13, 2011 4:36am Jun 13, 2011 4:36am
Quoting nAVIN2007
i know brother!!..id be doing the same
good luck bro!! ..i know how impt it is to get it right especially when playing with real money!!
Thanks buddy. Tbh, I have somewhat conceded that this trade will not go as planned, that's why I am trying to do the most to reduce the losing amount.
If, this trade somehow turn on its head & head my way bigtime, I will consider myself lucky.
Thank You
  • #14,118
  • Jun 13, 2011 4:38am Jun 13, 2011 4:38am
Quoting dario1002
Duuude u know me... all i can wish for u is the best
thanks

right be back later. Some trading to do, our dragon had bounced off daily open, let's see if I can get something here.
Good luck everyone
Thank You
  • #14,119
  • Jun 13, 2011 4:43am Jun 13, 2011 4:43am
Quoting wormboy
Thanks buddy. Tbh, I have somewhat conceded that this trade will not go as planned, that's why I am trying to do the most to reduce the losing amount.
If, this trade somehow turn on its head & head my way bigtime, I will consider myself lucky.
u have every chance

i illustrated why in my chart..hang tight this is far from over..
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  • #14,120
  • Jun 13, 2011 5:10am Jun 13, 2011 5:10am
Hiya guys...hope everybody had a terrific weekend...me? I got an extended weekend today, oh yeah :-)

On Cable front...1.6217-13 line in the sand held so far reducing the pressure somewhat...
The rally off the lows broke multi-day DTL and sets up a minor long trigger (Scalps only at most) in place @ 1.6290...

I'd still keep watching 1.6213 as HTFs (H8) on my charts are still pointing downwards...
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