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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #16,221
  • Jul 8, 2011 11:18am Jul 8, 2011 11:18am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
damn wormie....don't jinx us again , darn big candle on GU in weeks


Quoting wormboy
nfp man ... below 6154 we're bearish still .. too bad you were taken out.
Better just wait till next week imo
  • #16,222
  • Jul 8, 2011 11:50am Jul 8, 2011 11:50am
Quoting ams
damn wormie....don't jinx us again , darn big candle on GU in weeks
u did it!!! defending BOE

yur mouth
  • #16,223
  • Jul 8, 2011 11:53am Jul 8, 2011 11:53am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
well, to be honest I knew and told u folks they've been defending this level..
I thought maybe due to option and nfp market will take the level out but damn mighty BOE!! They deserve the applause

All I wanted was 50 pips...got none, nada 0

Quoting nAVIN2007
u did it!!! defending BOE

yur mouth
  • #16,224
  • Jul 8, 2011 12:30pm Jul 8, 2011 12:30pm
Quoting ams
well, to be honest I knew and told u folks they've been defending this level..
Why are BOE big buyers at 1.6? What exactly are they defending? Central banks have more to worry about when their currency has too high a value

Not long ago all the talk was "currency wars" - with all major nations trying to devalue their currencies in a bid to boost exports and therefore , their respective economies.

Besides this CB intervention rarely works - look at the Yen - combined intervention from several leading economies and it's back to levels it was at before
  • #16,225
  • Jul 8, 2011 12:33pm Jul 8, 2011 12:33pm
Quoting ams
well, to be honest I knew and told u folks they've been defending this level..
I thought maybe due to option and nfp market will take the level out but damn mighty BOE!! They deserve the applause

All I wanted was 50 pips...got none, nada 0
i got greedy didnt want to miss south train..lost all my profit this month + 2.88 pounds

pissed

then i entered again short at 1.629 thinking short bet 1.6 and the sum bitch wore me out waiting..i exit at a loss and now the mofo look to start to sink

i had it this week..weekend come at a good time if u ask me

look at euro yesterday bullish pin and the sum bitch failed..trading is definately very tricky at the moment..coming like a coin toss

have a good weekend guys
  • #16,226
  • Jul 8, 2011 1:23pm Jul 8, 2011 1:23pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Simple, inflation...look at EU and Aussie, Kiwi, CAd other then UK and US, Japan all other econimies have raised rates to fight inflation. to USA, Japan it doesn't matter since they produce enought at home. However UK is in a mess because they rely on outsource products...if pound is expensive they can fight infaltion without the need to raise the rates. But if pound is weak and oil, gas etc going higher....country will go down the drain. Specially when govt is looking to do massive cuts with private sector also doing the same.


Quoting chazzle
Why are BOE big buyers at 1.6? What exactly are they defending? Central banks have more to worry about when their currency has too high a value

Not long ago all the talk was "currency wars" - with all major nations trying to devalue their currencies in a bid to boost exports and therefore , their respective economies.

Besides this CB intervention rarely works - look at the Yen - combined intervention from several leading economies and it's back to levels it was at before
  • #16,227
  • Jul 8, 2011 2:23pm Jul 8, 2011 2:23pm
Quoting ams
Simple, inflation...look at EU and Aussie, Kiwi, CAd other then UK and US, Japan all other econimies have raised rates to fight inflation. to USA, Japan it doesn't matter since they produce enought at home. However UK is in a mess because they rely on outsource products...if pound is expensive they can fight infaltion without the need to raise the rates. But if pound is weak and oil, gas etc going higher....country will go down the drain. Specially when govt is looking to do massive cuts with private sector also doing the same.

my instinct tell me to buy the pound..i think these levels are very low..usd is a pile of poo..figures always suck..if it had gone to 1.58 id have bought it and keep it for a long time..

oh well..years to next week guys cheers
  • #16,228
  • Jul 8, 2011 3:15pm Jul 8, 2011 3:15pm
Quoting ams
if pound is expensive they can fight infaltion without the need to raise the rates.
alright cheers for the answer , see you next week
  • #16,229
  • Jul 9, 2011 8:29pm Jul 9, 2011 8:29pm
GBP USD: on the daily the GBP is rising and the USD is falling:
GBP Strong against the USD EUR and CAD, and weak against the CHF JPY NZD and AUD.
USD Strong against the EUR and CAD, and weak against the GBP CHF NZD and AUD.

Weekly the USD is stable and stronger than the GBP which is falling.
GBP is Strong against CHF and JPY and weak against USD EUR JPY AUD and NZD.
USD is strong against EUR GBP CHF and JPY and weak against CAD AUD and NZD.

Monthly Directionally USD is weakening and the GBP is strengthening ( GBP has been down for so long this could be viewed as a correction) but the USD is still has more strength.
GBP is strong against the EUR and weak against the USD CHF JPY CAD AUD and NZD.
USD is strong against EUR and GBP and weak against the CHF JPY CAD AUD and NZD.

Strength and weakness is measured by a 3 period MA crossing over on open/close.

What does this mean, for sure I will tell you next week, as a forecast it looks like some indecision with a probable up day on monday correcting to short side on tuesday with a breakout to the down side the being more likely than a break out to the up side.

Shoot me if I am wrong, I welcome all constructive comments.
Attached Image (click to enlarge)
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  • #16,230
  • Jul 10, 2011 2:46am Jul 10, 2011 2:46am
Quoting wormboy
By the way, here are the links to the Bersih gathering throughout the world if any Malaysians abroad are interested. Just click on the link for info

[list=1][*]UTC + 12 - New Zealand - http://on.fb.me/jMlCwc[*]UTC + 10 - Canberra, Australia - http://on.fb.me/kBLI2H[*]UTC + 10 - Sydney, Australia - http://on.fb.me/j0RzYt[*]UTC + 10 - Melbourne, Australia - http://on.fb.me/j0rDf1[*]UTC + 10 - Hobart, Australia - http://on.fb.me/jP0MWL[*]UTC + 10 - Adelaide, Australia - http://on.fb.me/klaDdS[*]UTC...
We didn't manage to get the memorandum to his Majesty, but I believe we got our message across loud & clear. Well done Malaysians

Inserted Video
Thank You
  • #16,231
  • Jul 10, 2011 4:10am Jul 10, 2011 4:10am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good luck and well done to all Malaysians

Efforts done by this generations will benefit the next.

I hope people from countries deprived of basic human, political rights should make efforts like this. One time pain but lifetime gain.


Quoting wormboy
We didn't manage to get the memorandum to his Majesty, but I believe we got our message across loud & clear. Well done Malaysians

http://www.youtube.com/watch?v=JZyLY...mbedded#at=186
  • #16,232
  • Jul 10, 2011 8:01am Jul 10, 2011 8:01am
I will start with my scalp calls from next week and will post screenshot of results everyday. My statistics for past week: Down $200. I was up $1200 until Friday and got caught on that news craziness (EURUSD)
Quoting Xxavier
I am interested to join the scalp club (^_^). I am having very difficult time doing position trading. I am scalping these days and doing ok.
I like the idea of making calls here and post the results at the end of the day. It will surely help me and I think it will help all of us here?
Thank you
  • #16,233
  • Jul 10, 2011 1:16pm Jul 10, 2011 1:16pm
Hi all,

Since a few days i am out of my screen, but i trade only one pair according to the Daily, Gu, i am already short on this pair 6050, pending second short 6145 (near TL) with a S/L at 6210 because above price will be inside the ascending TL at this level.

Price didn't close above, and stay in prior weekly candle, area of 1.6060 resistance of some weekly candle just have a look on the left of your chart.

I have different TP first PA have to break 5910, and a good idea to load more short on the break or retest of this area.

Target Profit area 5830-5710 and 5500 Low of different Monthly candle.

This is my plan if we stay inside the last Bearish Weekly candle.
Attached Image (click to enlarge)
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Trade with the momentum
  • #16,234
  • Jul 11, 2011 1:39am Jul 11, 2011 1:39am
Quoting wormboy
i sold @6005 stop @6175
closed partial @5966 (0.5)

remaining stop amended, stop @6002 (1.5)
Thank You
  • #16,235
  • Jul 11, 2011 2:35am Jul 11, 2011 2:35am
Morning fellas... hope u had a good weekend!!!

in a blink we are seeing again some rather serious levels after friday's crazyness. Now we have to see what Londong guys think about it. For GU levels keep being the same, while for EU we are facing the daily-weekly LTL. Euro seems to be more bearish atm and my first target for this down move could be 4028 (unless there is a reaction of the LTL and of 4230 S/R).
I don't want a job, i want money!
  • #16,236
  • Jul 11, 2011 3:05am Jul 11, 2011 3:05am
long scalp GU 5982 SL 5965 -> break of the inverted H&S 1 min
I don't want a job, i want money!
  • #16,237
  • Jul 11, 2011 3:10am Jul 11, 2011 3:10am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
muah, gone long on aussie, euro, gu...scalps ofcourse..
Do you have gap for EU @ 4280 in your charts...


Quoting dario1002
Morning fellas... hope u had a good weekend!!!

in a blink we are seeing again some rather serious levels after friday's crazyness. Now we have to see what Londong guys think about it. For GU levels keep being the same, while for EU we are facing the daily-weekly LTL. Euro seems to be more bearish atm and my first target for this down move could be 4028 (unless there is a reaction of the LTL and of 4230 S/R).
  • #16,238
  • Jul 11, 2011 3:11am Jul 11, 2011 3:11am
Quoting dario1002
long scalp GU 5982 SL 5965 -> break of the inverted H&S 1 min
Woah 1 min? you guys rock!....it's hard for me to follow the trend by looking at hourly charts and above let alone 1 min...honestly speaking i myself am looking for a buy opportunity but would like to see a reversal on the hourly first....may the pips be with you

Ali Raza
Raza
  • #16,239
  • Jul 11, 2011 3:11am Jul 11, 2011 3:11am
Quoting dario1002
long scalp GU 5982 SL 5965 -> break of the inverted H&S 1 min
SL 69
I don't want a job, i want money!
  • #16,240
  • Jul 11, 2011 3:15am Jul 11, 2011 3:15am
Quoting dario1002
SL 69
out...

why are u long EU?
I don't want a job, i want money!
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