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The WoRmHoLe

  • #16,721
  • Jul 28, 2011 5:19am Jul 28, 2011 5:19am
Quoting nAVIN2007
the market is an absolute nightmare but if u stick to trendlines of weekly and monthly..forget dailly..even that aint giving a good picture and just simply hope for the best..

market is nuts cause USD is so low that we dont have enough data to know where support is and i think with usd bailout around the corner cable euro cannot discount that bailout not happening..

no bailout = usd collapse (im talking out of my backside but thats what i think)..lol

..i personally think cable bearish and euro bearish


(i added a short as yesterday was the forst...
Hi,

I sold eu at the shooting star (h1) and added on the break of 4325, just take some profit on WP

also short kiwi at 8750

Good luck to us
Trade with the momentum
  • #16,722
  • Jul 28, 2011 5:19am Jul 28, 2011 5:19am
Quoting ams
Still enjoying...
I might BUY EU @ 4220ish... or if it goes above 44
GU is bit tricky but 62 seems a good deal.

rather hoping for 1.61..
  • #16,723
  • Jul 28, 2011 5:22am Jul 28, 2011 5:22am
Quoting sailor68
Hi,

I sold eu at the shooting star (h1) and added on the break of 4325, just take some profit on WP

also short kiwi at 8750

Good luck to us

euro is looking very good..i didnt trade it as i have enough to deal with cable (hands are full)

keep a look at weekly..if momentum carry on down ..we gonna go much lower, so u have a good trade there bro!!
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  • #16,724
  • Jul 28, 2011 5:33am Jul 28, 2011 5:33am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
161 is a bit of stretch but you never know if we do not go UP in the next 2 days we have that time of the month (payment to europe) for GU

I think we will range until USA sorts it's mess out. We have done almost 700 pips on both EU and GU so I was expecting 300-400 pip retrace as markets are not completely bullish but ranging.


Quoting nAVIN2007
rather hoping for 1.61..
  • #16,725
  • Jul 28, 2011 5:34am Jul 28, 2011 5:34am
Quoting nAVIN2007
euro is looking very good..i didnt trade it as i have enough to deal with cable (hands are full)

keep a look at weekly..if momentum carry on down ..we gonna go much lower, so u have a good trade there bro!!

Nav,

I thought statistic will show that you are likely to lose when you short or is it the other way around

Got 0.1 lot long trap at 6375 since yesterday and is not looking good.
  • #16,726
  • Jul 28, 2011 5:36am Jul 28, 2011 5:36am
Nav, Chaz,

and also whoever in UK....there is this ongoing Amex Gold Rush on facebook. Winner get 10oz of gold which is worth £10k at the moment.
no harm trying since it is free entry.
  • #16,727
  • Jul 28, 2011 5:37am Jul 28, 2011 5:37am
Quoting Rapid
Nav,

I thought statistic will show that you are likely to lose when you short or is it the other way around

Got 0.1 lot long trap at 6375 since yesterday and is not looking good.

i think cable is bearish and euro definately
yur right statistically..when i short i get killed but hey i need to stop this bad run rather hoping i aint wrong
  • #16,728
  • Jul 28, 2011 5:41am Jul 28, 2011 5:41am
Quoting ams
161 is a bit of stretch but you never know if we do not go UP in the next 2 days we have that time of the month (payment to europe) for GU

I think we will range until USA sorts it's mess out. We have done almost 700 pips on both EU and GU so I was expecting 300-400 pip retrace as markets are not completely bullish but ranging.

ok 1.62

Quoting Rapid
Nav, Chaz,

and also whoever in UK....there is this ongoing Amex Gold Rush on facebook. Winner get 10oz of gold which is worth £10k at the moment.
no harm trying since it is free entry.
will look into that!..never heard of it b4 now
  • #16,729
  • Jul 28, 2011 5:41am Jul 28, 2011 5:41am
Quoting nAVIN2007
euro is looking very good..i didnt trade it as i have enough to deal with cable (hands are full)

keep a look at weekly..if momentum carry on down ..we gonna go much lower, so u have a good trade there bro!!
Thanks Navin, since a few days euro is not an easy pair.
i took all my profit at WP, now waiting to reload again on the break of WP or retest of 4325......let see good luck with cable
Trade with the momentum
  • #16,730
  • Jul 28, 2011 5:46am Jul 28, 2011 5:46am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
eu has been the easiest, no intervention like GU.

Pound is a difficult one. PA is not at all friendly. It's bullish since 60 because BOE is defending it with all it's printed money



Quoting sailor68
Thanks Navin, since a few days euro is not an easy pair.
i took all my profit at WP, now waiting to reload again on the break of WP or retest of 4325......let see good luck with cable
  • #16,731
  • Jul 28, 2011 6:06am Jul 28, 2011 6:06am
Quoting ams
eu has been the easiest, no intervention like GU.

Pound is a difficult one. PA is not at all friendly. It's bullish since 60 because BOE is defending it with all it's printed money

i cant believe it broken out of 1.60 but didnt actually test it yet..im trading the retest i hope
  • #16,732
  • Jul 28, 2011 6:10am Jul 28, 2011 6:10am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Although GU doesn't strictly follow EU but it plays it's fare share sooner or later. Both went UP 700 pips. Now EU has dropped 250 pips and I am expecting the same for GU too. That makes it 62ishh... Let's see. It's been pain the back side to trade GU from past few weeks. Sucker for punishment we are
Best is go bullish on kiwi and aussie...no brainer trades.


Quoting nAVIN2007
i cant believe it broken out of 1.60 but didnt actually test it yet..im trading the retest i hope
  • #16,733
  • Edited 6:33am Jul 28, 2011 6:18am | Edited 6:33am
Quoting ams
Although GU doesn't strictly follow EU but it plays it's fare share sooner or later. Both went UP 700 pips. Now EU has dropped 250 pips and I am expecting the same for GU too. That makes it 62ishh... Let's see. It's been pain the back side to trade GU from past few weeks. Sucker for punishment we are
Best is go bullish on kiwi and aussie...no brainer trades.

actually all im doing is trading the dollar..i find PA is so unreliable..if u trade daillies only..ud have lost money

i mean look two days back ..major bullish candle on dailly and look where we are ..its crazy..like i say..its all about dollar strength right now..nothing else
  • #16,734
  • Jul 29, 2011 12:21am Jul 29, 2011 12:21am
Quoting sailor68
Thanks Navin, since a few days euro is not an easy pair.
i took all my profit at WP, now waiting to reload again on the break of WP or retest of 4325......let see good luck with cable
Hi all,

i took a small short on Eu at R 4325 with a large SL, waiting the news from US and still hold my short on Kiwi from 8750.
Trade with the momentum
  • #16,735
  • Jul 29, 2011 1:14am Jul 29, 2011 1:14am
Quoting sailor68
Hi all,

i took a small short on Eu at R 4325 with a large SL, waiting the news from US and still hold my short on Kiwi from 8750.

  • #16,736
  • Jul 29, 2011 1:54am Jul 29, 2011 1:54am
Quoting nAVIN2007
Hi Navin,
What about your GU, still short this pair ?
Trade with the momentum
  • #16,737
  • Edited 2:32am Jul 29, 2011 2:16am | Edited 2:32am
Quoting sailor68
Hi Navin,
What about your GU, still short this pair ?

im short GU cause i have my hands full i never traded euro..kinda over leveraged in terms of % risk on trade..

trading euro is pretty much same thing depends on usd so i never choose euro as it kinda the same trade, only euro is moving better ..i always pick the wrong one..lol

U have a good one..if u can hold im quite sure u will be rewarded well..but as always nothing is 100%
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  • #16,738
  • Jul 29, 2011 4:23am Jul 29, 2011 4:23am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
really boring here NAv..no one visits the thread anymore.
Where are you other folks?

ta
ams


Quoting nAVIN2007
im short GU cause i have my hands full i never traded euro..kinda over leveraged in terms of % risk on trade..

trading euro is pretty much same thing depends on usd so i never choose euro as it kinda the same trade, only euro is moving better ..i always pick the wrong one..lol

U have a good one..if u can hold im quite sure u will be rewarded well..but as always nothing is 100%
  • #16,739
  • Jul 29, 2011 4:56am Jul 29, 2011 4:56am
Quoting ams
really boring here NAv..no one visits the thread anymore.
Where are you other folks?

ta
ams

i think dario booked a holiday didnt he..
azim called it a weekend already..cannot believe he leaving pips on the table..bad poker player..

im chilling in cable thread while all return..asta levista amigos
  • #16,740
  • Jul 29, 2011 5:12am Jul 29, 2011 5:12am
ams,

it is suppose to be dooms day 'weekend' so everyone is spending quality time with their loves ones. Come 2nd August, all banks will close and people will try to buy bread with worthless dollar paper.
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