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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #18,061
  • Sep 9, 2011 6:08am Sep 9, 2011 6:08am
usd is seriously..taking the cake!!!
  • #18,062
  • Edited 7:26am Sep 9, 2011 6:19am | Edited 7:26am
Quoting mloistianto
SL amended

Closed 0.3 Lot @ 1.5965
closed 0.7 @ 1.5900..

The PA is up to something...

IF this breaks 1.5900, we are going lower. If not. Next week will be bullish. Lets try something.

LONG @1.5903 0.4 Lot. SL -
CLOSED @1.5890 -13 pips.
  • #18,063
  • Sep 9, 2011 6:28am Sep 9, 2011 6:28am
Quoting nAVIN2007
usd is seriously..taking the cake!!!
any trade in mate?
  • #18,064
  • Sep 9, 2011 6:30am Sep 9, 2011 6:30am
Quoting mloistianto
any trade in mate?

same trades..long term investment now..lol
thats why i havent posted anything..

worse trade of my life all due to trying to increase risk exposure..the joke is i did it knowing i was going against the main movement
luckly im stronger than i have ever been
  • #18,065
  • Sep 9, 2011 6:32am Sep 9, 2011 6:32am
Quoting nAVIN2007
same trades..long term investment now..lol
thats why i havent posted anything..

worse trade of my life all due to trying to increase risk exposure..the joke is i did it knowing i was going against the main movement
That buy u hold before?
  • #18,066
  • Sep 9, 2011 6:34am Sep 9, 2011 6:34am
Quoting mloistianto
That buy u hold before?

yes
  • #18,067
  • Sep 9, 2011 6:43am Sep 9, 2011 6:43am
Quoting nAVIN2007
yes

Nice.

If the PA is clear, im building long setup next week.
Today we met the Weekly LTL.

Next week will be interesting. Im kinda hoping next week will be a bullish week.
  • #18,068
  • Sep 9, 2011 6:49am Sep 9, 2011 6:49am
Quoting mloistianto
Nice.

If the PA is clear, im building long setup next week.
Today we met the Weekly LTL.

Next week will be interesting. Im kinda hoping next week will be a bullish week.

u and me both..but it would be wrong of me to say long..its very dangerous usd is bullish regardless of everything PA is meaningless in this market

cable is held by its strength and nothing else, very soon euro will hit support and start gaining as well..that is when usd will be in trouble. I understand now why usd gained..because it has too, if the other indexes gain, and usd doesnt its finished

edit:-no man position is not nice
  • #18,069
  • Sep 9, 2011 6:56am Sep 9, 2011 6:56am
Quoting wormboy
No question that the major trend has shifted now that the H4 is fully trading below the strong 4055 resistance level & that the monthly long term trendline is being heavily challenged.

However, the dx still needs to clear the 76.72 barrier before bears can feel comfortable. Don't think I'd want to take a trade on Friday where it had tanked the whole week, can be very risky.
I/d trend is atm bullish with the H4 level @3975 being the immediate target.
Don't hesitate to shift gear & short below yesterday's low if you're planning to trade...

Get comfy, dx next big resistance is 77.9 level. Should take euro down to 3300 level before this bloodbath ends .... next week.

Good luck & enjoy the ride.
Thank You
  • #18,070
  • Sep 9, 2011 7:01am Sep 9, 2011 7:01am
Quoting wormboy
yes, I'm looking for an hourly close below 5970 for cable. If that happens, I will sell for 5640 target. But, it's either cable or euro I will trade, whichever setup comes first. Won't trade both
I didn't sell, didn't take any trade today. But 5640 cable, will come first before going any higher than 6154

Good luck
Thank You
  • #18,071
  • Sep 9, 2011 7:01am Sep 9, 2011 7:01am
Quoting nAVIN2007
u and me both..but it would be wrong of me to say long..its very dangerous usd is bullish regardless of everything PA is meaningless in this market

cable is held by its strength and nothing else, very soon euro will hit support and start gaining as well..that is when usd will be in trouble. I understand now why usd gained..because it has too, if the other indexes gain, and usd doesnt its finished

edit:-no man position is not nice
err well. I dont know a thing about cable strength or usd. LOL..

Im purely user s&r. I trade following my TL and s&r line. i'd like to keep it as simple as i could. cos my mind quite small.
Anyway Thanks for the info. I'll watch my buy..
  • #18,072
  • Sep 9, 2011 7:08am Sep 9, 2011 7:08am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
There is also talk of greece default this weekend if that happens get ready for 1.25! If it doesn't happen, I expect a retrace.

My mate said it's going to happen this year so any rallies should be sold with wide SL. DX bottm'ng too signals big boys are uncomfortable going short the dollar or they know something is brewing.

Quoting wormboy
Get comfy, dx next big resistance is 77.9 level. Should take euro down to 3300 level before this bloodbath ends .... next week.

Good luck & enjoy the ride.
  • #18,073
  • Sep 9, 2011 7:13am Sep 9, 2011 7:13am
German Dax is lower (in figures) compare to FTSE.
Haven't seen that for some time already.

Maybe UK is better than German after all
  • #18,074
  • Sep 9, 2011 7:27am Sep 9, 2011 7:27am
Quoting ams
There is also talk of greece default this weekend if that happens get ready for 1.25! If it doesn't happen, I expect a retrace.

My mate said it's going to happen this year so any rallies should be sold with wide SL. DX bottm'ng too signals big boys are uncomfortable going short the dollar or they know something is brewing.
yes ... agreed on the dx is possibly bottoming out, the HTF is forming a huge reversal formation & as mentioned earlier 77.9 break will confirm the validity of the pattern.
Wouldn't want to stand in front of this sucker right now.
Attached Image (click to enlarge)
Click to Enlarge Name: dxw.gif Size: 48 KB
Thank You
  • #18,075
  • Sep 9, 2011 7:29am Sep 9, 2011 7:29am
Long EU 13715 RR 1:1 to retest July low
  • #18,076
  • Sep 9, 2011 9:40am Sep 9, 2011 9:40am
WB
Quoting [COLOR=teal
wormboy[/color];4942383]yes ... agreed on the dx is possibly bottoming out, the HTF is forming a huge reversal formation & as mentioned earlier 77.9 break will confirm the validity of the pattern.
Wouldn't want to stand in front of this sucker right now.
AMS : There is also talk of greece default this weekend if that happens get ready for 1.25! If it doesn't happen, I expect a retrace.

My mate said it's going to happen this year so any rallies should be sold with wide SL. DX bottm'ng too signals big boys are uncomfortable going short the dollar or they know something is brewing."

Thanks to both of you : WB says E to 33, Ams says 25 : of course if .. such and such happens etc. I see both currencies heading into a bottomless pit and wonder what the catalyst will be to t urn them around ! Euro started the year at 1.29 and now seems on a return visit ?

And Congrats to WB for turning right round from Cable loss to storm into Euro short and making up a big chunk......and to ams for his astute info re. Eu.

Have a good Weekend all !
  • #18,077
  • Sep 9, 2011 10:03am Sep 9, 2011 10:03am
Quoting chazzle
Long EU 13715 RR 1:1 to retest July low
Well , didn't catch the bottom eh? not playing the hero here - climbing out on this retrace at 685 and don't want to leave it over the w/e when the market is going nuts
  • #18,078
  • Sep 9, 2011 10:27am Sep 9, 2011 10:27am
Quoting vilas
WB

AMS : There is also talk of greece default this weekend if that happens get ready for 1.25! If it doesn't happen, I expect a retrace.

My mate said it's going to happen this year so any rallies should be sold with wide SL. DX bottm'ng too signals big boys are uncomfortable going short the dollar or they know something is brewing."

Thanks to both of you : WB says E to 33, Ams says 25 : of course if .. such and such happens etc. I see both currencies heading into a bottomless pit and wonder...
it could be a retrace..even dx has to retrace time to time
so the big boys are making a swing point ehh

there is nothing here to show that this is a change of trend, infact the news is showing how much trouble USD is actually in
  • #18,079
  • Sep 10, 2011 6:39am Sep 10, 2011 6:39am
Quoting nAVIN2007
it could be a retrace..even dx has to retrace time to time
so the big boys are making a swing point ehh

there is nothing here to show that this is a change of trend, infact the news is showing how much trouble USD is actually in
Right you are, Navin. Frankly, I think no one is sure where we are heading - wishful thinking for me at least ! My real wish ? May Euro go to 1.25 - 1.30, Cable to 1.50 and then shoot up : I load up at these levels !! Hip Hip Hurray ! And hold on to your longs - there time is coming ! This may be the last round down for some time. Pray to Gods - there may be more than one - anyone know for sure ? That is why I Pray to ALL of them Brother !
  • #18,080
  • Sep 10, 2011 10:16am Sep 10, 2011 10:16am
Quoting vilas
Right you are, Navin. Frankly, I think no one is sure where we are heading - wishful thinking for me at least ! My real wish ? May Euro go to 1.25 - 1.30, Cable to 1.50 and then shoot up : I load up at these levels !! Hip Hip Hurray ! And hold on to your longs - there time is coming ! This may be the last round down for some time. Pray to Gods - there may be more than one - anyone know for sure ? That is why I Pray to ALL of them Brother !

i have a long term trade on cable..as i believe the trend is up..but im concerned at this dollar strength..its quite unbelievable that the news is bad and it shooting up like a nutcase on steroids..

i can only think every1 mostly was short on dollar hence the movement up..it should this week try and reverse otherwise im in a hole
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