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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #16,021
  • Jul 6, 2011 2:58am Jul 6, 2011 2:58am
Not evolved Nav but changed from bullish to bearish or flat at best ..

Quoting nAVIN2007
damn straight!!

bullish engulf highlighted must have screwed plenty of accounts..this is what i mean by trading has evolved..6 months back that would have been a a solid buy signal
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #16,022
  • Jul 6, 2011 2:59am Jul 6, 2011 2:59am
morning fellas...

Gotta say that Moody's is really starting to make me thing he got a serious interest in euro currency. They blast some euro country every week... when price recovers a bit... Greece, Spain, Italy, Portugal.
Anyway... back to trading 74.48 has been taken over just yesterday evening, and in the night it has been retested and held. that might mean sone good recovery for dollar (till it stays over that level).
Euro is getting trashed... by news... and we just crossed DP, WP and MP in 2 hourly candles (meaning i'm not gonna jump in it so quickly). Anyway we had a reversal bullish formation from 4520 which was even a huge HTL from the higher time frame. Some triangle is in play and this thing could go easily to lower 42.
As for GU... don't see much changing. 5976 is still the level to break, but I was just thinking (if it makes sense): we were around these levels when dollar was at around 76 (a bit lower), and we didn't go much up when dollar was at lower 74. I wonder where will we be if dollar will go again up to 76, could it be the final push to let this pair finally pick a direction? (down eventually). Anyway... i will just play the range 6010 and 5976 down, 6080 and 6110 up, till i don't see something convincing
I don't want a job, i want money!
  • #16,023
  • Jul 6, 2011 3:02am Jul 6, 2011 3:02am
Quoting nAVIN2007
still many coming lets hope

dario :- was the movie any good?
wasn't in any position during Asia time. Lately it's being too erratic and i like to have good sleep and wake up in the morning without any bias
I don't want a job, i want money!
  • #16,024
  • Jul 6, 2011 3:14am Jul 6, 2011 3:14am
Quoting dario1002
wasn't in any position during Asia time. Lately it's being too erratic and i like to have good sleep and wake up in the morning without any bias
dont need bias..set trade, walk away..trading doesnt need to give u stress..that is the beauty of long term trading..
  • #16,025
  • Jul 6, 2011 3:16am Jul 6, 2011 3:16am
Quoting nAVIN2007
dont need bias..set trade, walk away..trading doesnt need to give u stress..that is the beauty of long term trading..
Long term trading is still too dangerous for now... sadly
I don't want a job, i want money!
  • #16,026
  • Jul 6, 2011 3:18am Jul 6, 2011 3:18am
Quoting dario1002
Long term trading is still too dangerous for now... sadly
  • #16,027
  • Jul 6, 2011 3:19am Jul 6, 2011 3:19am
Quoting Bones
Not evolved Nav but changed from bullish to bearish or flat at best ..
  • #16,028
  • Jul 6, 2011 3:21am Jul 6, 2011 3:21am
By the way.. what are the levels to watch on EU according to u guys? i ave just 4330 and 4230, how about u?
I don't want a job, i want money!
  • #16,029
  • Jul 6, 2011 3:24am Jul 6, 2011 3:24am
Quoting dario1002
By the way.. what are the levels to watch on EU according to u guys? i ave just 4330 and 4230, how about u?
1.42 area..yur spot on

false breakout of weekly trendline..now looking to test the bottom i hope, looking to get some back cause silver finished me off
  • #16,030
  • Jul 6, 2011 3:43am Jul 6, 2011 3:43am
Hello Everyone,

I'll get straight to the point.....I followed Wormboys 1hr i/d setup to the core on the EU today and sold it around 1.4420 once we had an hourly closing below the pivot and the days open and came out with 50 cool pips....if you have a look at your charts audusd is setting up for a sell in this hour hopefully if it closes below the open of the day....so just a heads up and usdcad is doing a similar thing in the opposite direction....I know none of you trade those pairs but I just wanted to show the importance of such setups...

hope I was able to get my point across....may the pips be with all of you....

Regards

Ali Raza
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Raza
  • #16,031
  • Jul 6, 2011 3:49am Jul 6, 2011 3:49am
Quoting shr5
Hello Everyone,

I'll get straight to the point.....I followed Wormboys 1hr i/d setup to the core on the EU today and sold it around 1.4420 once we had an hourly closing below the pivot and the days open and came out with 50 cool pips....if you have a look at your charts audusd is setting up for a sell in this hour hopefully if it closes below the open of the day....so just a heads up and usdcad is doing a similar thing in the opposite direction....I know none of you trade those pairs but I just wanted to show the importance of such setups...

hope...
Well done Ali, thought I said you were quietly catching up
We had sold at identical levels for the same reason, only difference is I bailed at the frankie opening hour pinbar & you stuck to your guns.
Well played brother!
Thank You
  • #16,032
  • Jul 6, 2011 4:00am Jul 6, 2011 4:00am
Quoting wormboy
Well done Ali, thought I said you were quietly catching up
We had sold at identical levels for the same reason, only difference is I bailed at the frankie opening hour pinbar & you stuck to your guns.
Well played brother!
Couldn't have done it without your guidance Azim, thanks the reason I waited on my entry was the same that I mentioned in my PM to you (yeah I just had to remind you about it j/k bro) which is; I was only looking at the hourly timeframe and nothing below it....so maybe that helped abit ....

ok I'll stop here before I get another lecture about punctuations!
Raza
  • #16,033
  • Jul 6, 2011 4:05am Jul 6, 2011 4:05am
Most obvious target is 1.58

Quoting nAVIN2007
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #16,034
  • Jul 6, 2011 4:06am Jul 6, 2011 4:06am
Quoting shr5
Couldn't have done it without your guidance Azim, thanks the reason I waited on my entry was the same that I mentioned in my PM to you (yeah I just had to remind you about it j/k bro) which is; I was only looking at the hourly timeframe and nothing below it....so maybe that helped abit ....

ok I'll stop here before I get another lecture about punctuations!


By the way the AU, I'd wait to see if this setup happens before I take the short, because the previous week close was pretty bullish. So patience required here imo.


p/s : I'd look at the pm later bro, I rarely look at them!
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Thank You
  • #16,035
  • Jul 6, 2011 4:15am Jul 6, 2011 4:15am
Quoting wormboy


By the way the AU, I'd wait to see if this setup happens before I take the short, because the previous week close was pretty bullish. So patience required here imo.


p/s : I'd look at the pm later bro, I rarely look at them!
Surething, thanks for the heads up, will keep that in mind if the setup does come into play
Raza
  • #16,036
  • Jul 6, 2011 4:20am Jul 6, 2011 4:20am
Quoting Bones
Most obvious target is 1.58

i have that target in mind as well
we kinda have a channel formed which we brokeout of on 4hr..the pole is like 200 pips at least

if 1.59 can go..i see no reason why 1.58 cannot be reached but we need bloody 1.60 to go first

yur chart show it better..lol
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  • #16,037
  • Jul 6, 2011 4:24am Jul 6, 2011 4:24am
longer term ,Now we have hangman + confirmation ,1.6 is a tough Cookie tho ,profit taking around 1.6 ,below 1.6 now on daily close straight to 1.58



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
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #16,038
  • Jul 6, 2011 4:26am Jul 6, 2011 4:26am
I agree Nav

Quoting nAVIN2007
i have that target in mind as well
we kinda have a channel formed which we brokeout of on 4hr..the pole is like 200 pips at least

if 1.59 can go..i see no reason why 1.58 cannot be reached but we need bloody 1.60 to go first

yur chart show it better..lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #16,039
  • Jul 6, 2011 4:42am Jul 6, 2011 4:42am
Quoting Bones
longer term ,Now we have hangman + confirmation ,1.6 is a tough Cookie tho ,profit taking around 1.6 ,below 1.6 now on daily close straight to 1.58

  • #16,040
  • Jul 6, 2011 4:47am Jul 6, 2011 4:47am
Quoting nAVIN2007
i have that target in mind as well
we kinda have a channel formed which we brokeout of on 4hr..the pole is like 200 pips at least

if 1.59 can go..i see no reason why 1.58 cannot be reached but we need bloody 1.60 to go first

yur chart show it better..lol
Absolutley ..Tony and NAV..BUT 1.6000 is CONCRETE FLOOR..need a PNUMETIC HAMMER ( sorry for spelling )..

baz
USD Spot.png
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