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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #17,241
  • Aug 15, 2011 9:04am Aug 15, 2011 9:04am
Quoting sailor68
Nice plan, also did you read it ?

http://forexmagnates.com/nfa-fines-f...-clients-back/

euro has done a u turn i feel..
i think it will go a lot higher

charts indicate why
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  • #17,242
  • Aug 15, 2011 9:10am Aug 15, 2011 9:10am
Quoting Rapid
Nav,

I am closing my remaining cable long here @16365. Earned all my St Petersburg trip already with some pocket money.

A risk of 17 pips (ave long 16125, stop 16108) gave me over 240 pips. Cannot ask for more.

Good luck on 1.64
i will be watching the top if it breaks more than 10 pips..im holding for 1.6740 ish area..

  • #17,243
  • Aug 15, 2011 9:13am Aug 15, 2011 9:13am
Quoting wormboy
Textbook stuff today. 380/400 is i/d resistance
380 first test
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Thank You
  • #17,244
  • Aug 15, 2011 9:16am Aug 15, 2011 9:16am
Quoting nAVIN2007
i will be watching the top if it breaks more than 10 pips..im holding for 1.6740 ish area..


Should easily break the July/August high 16477 with somehow the weekly R1 at 16471 (sometime I reckon these levels are preset by the big boys).

will buy back if it drops to 16300
  • #17,245
  • Aug 15, 2011 9:17am Aug 15, 2011 9:17am
Quoting sailor68
Nice plan, also did you read it ?

http://forexmagnates.com/nfa-fines-f...-clients-back/
thanks for putting it up. But tbh I wasn't affected by it
Thank You
  • #17,246
  • Aug 15, 2011 9:19am Aug 15, 2011 9:19am
Quoting nAVIN2007
assuming this range holds..
if not home run
safe to assume that, the home run could result in 400-500 pips move if it happens, the ltf trades taken over the range, 50 pips a pop would give you the result in no time all the same. Heck today's move itself from the day open bounce is paying out 100 pips easy from the m5. One thing I've learned that's benefited me greatly is to be flexible
Thank You
  • #17,247
  • Aug 15, 2011 9:20am Aug 15, 2011 9:20am
Quoting Rapid
Should easily break the July/August high 16477 with somehow the weekly R1 at 16471 (sometime I reckon these levels are preset by the big boys).

will buy back if it drops to 16300

lots would have short the weekly so im thinking it should at least test it..cable characteristic 50% retrace and the support at 1.62 was one hell of a cookie for the market to give us
it should blow it away..if the pattern is correct

happy with the top being tested first before going down..good sign
  • #17,248
  • Aug 15, 2011 9:22am Aug 15, 2011 9:22am
Quoting wormboy
One thing I've learned that's benefited me greatly is to be flexible
providing the trend/range is spotted quickly
Thank You
  • #17,249
  • Aug 15, 2011 9:24am Aug 15, 2011 9:24am
Do keep in mind, thru observation lately since the month of July, half the time any large moves on Monday, Tuesday tends to be completely reversed by Thursday.
Thank You
  • #17,250
  • Aug 15, 2011 9:28am Aug 15, 2011 9:28am
Quoting wormboy
safe to assume that, the home run could result in 400-500 pips move if it happens, the ltf trades taken over the range, 50 pips a pop would give you the result in no time all the same. Heck today's move itself from the day open bounce is paying out 100 pips easy from the m5. One thing I've learned that's benefited me greatly is to be flexible

am trying my man
but this is just one of those trades u have to hold on too
i mean look at the dailly and the support..it really was solid bro
  • #17,251
  • Aug 15, 2011 9:34am Aug 15, 2011 9:34am
Quoting nAVIN2007
i mean look at the dailly and the support..it really was solid bro
so is the resistance @425 level. Starting 27th July daily candles. I wouldn't take my chances, 100 here, 50 there they all add up, it's the summer, the HTF is not trending
Thank You
  • #17,252
  • Aug 15, 2011 9:36am Aug 15, 2011 9:36am
just made a little counter trade here on eu.. shorting from 4470 with SL a bit over 45... i have a HTL there. Not really sure about it.. just eventually giving back 1/4 of the previous gain with the long on eu.

sorry can't post a chart now...
I don't want a job, i want money!
  • #17,253
  • Aug 15, 2011 9:38am Aug 15, 2011 9:38am
Quoting dario1002
just made a little counter trade here on eu.. shorting from 4470 with SL a bit over 45... i have a HTL there. Not really sure about it.. just eventually giving back 1/4 of the previous gain with the long on eu.

sorry can't post a chart now...
worth a shot, tho to be frank I'd assume 4500 level will be tested later since we've extended anyway. 208 pips range atm
Thank You
  • #17,254
  • Aug 15, 2011 9:38am Aug 15, 2011 9:38am
Quoting wormboy
so is the resistance @425 level. Starting 27th July daily candles. I wouldn't take my chances, 100 here, 50 there they all add up, it's the summer
i will get out of the 4hr shows reverse tendancy
  • #17,255
  • Aug 15, 2011 9:40am Aug 15, 2011 9:40am
Quoting nAVIN2007
i will get out of the 4hr shows reverse tendancy
Thank You
  • #17,256
  • Aug 15, 2011 9:42am Aug 15, 2011 9:42am
Quoting dario1002
just made a little counter trade here on eu.. shorting from 4470 with SL a bit over 45... i have a HTL there. Not really sure about it.. just eventually giving back 1/4 of the previous gain with the long on eu.

sorry can't post a chart now...

taking something at +19 (damn i wanted +20 ... ). Same SL for now.. but i won't let this trade go into overall red position.
I don't want a job, i want money!
  • #17,257
  • Aug 15, 2011 9:50am Aug 15, 2011 9:50am
Quoting wormboy
Textbook stuff today. 380/400 is i/d resistance
Bingo, how easy was that from the ltf? . That's it for today imho, don't see this closing over 425 on H1 above.
Then again, no reason to be selling yet either. Flat from here is probably the best option till LO tomorrow.

Good luck fellas
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Thank You
  • #17,258
  • Aug 15, 2011 9:57am Aug 15, 2011 9:57am
Looks like both EU and GU has moved up enough and looking for a retrace.. I looking at a 30 min plain graph and came to this judgement from price action.. I am shorting GU 1 lot entry price is 1.6398.. Stop at 1.6420
  • #17,259
  • Edited 11:32am Aug 15, 2011 10:19am | Edited 11:32am
hedged to 1.6337 area..if it goes and breaks above i will exit

basicallly looked in profit
edit:- exited the short..aint liking it
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  • #17,260
  • Aug 15, 2011 2:42pm Aug 15, 2011 2:42pm
Usd/Cad Short.

On friday i wanted to close my short, but the weekly candle was more bearish than bullish.

Weekly Chart : Price broke the descending TL but we had a reject from resistance (red line) and the second TL.

Price broke the support of 9855/50 and the Friday's low. I set different TP 98 (hit already) TP2 9770 and area 97 (both according to support especially the last one tweezers bottom H4 from 9/10 august).

If price hit the second TP2 it will be fine for this trade.
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