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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #18,081
  • Sep 12, 2011 12:16am Sep 12, 2011 12:16am
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.
Quoting wormboy
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.
Quoting wormboy
I hope people value their money & wait for that level or at least let the daily eu form a reversal instead of trading like chumps.

Good luck & have a great weekend.
A bit more to go, be patient my friends let's try not to be reckless.
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  • #18,082
  • Sep 12, 2011 12:18am Sep 12, 2011 12:18am
Quoting vilas

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 !
Cheers mate, was a lucky guess
Hope you had a great weekend!
Thank You
  • #18,083
  • Sep 12, 2011 1:32am Sep 12, 2011 1:32am
Here we go!
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  • #18,084
  • Sep 12, 2011 2:20am Sep 12, 2011 2:20am
Morning Azim and fellow wormholers

... on the sidelines of EU atm , seriously , how can one tiny country who only exports feta cheese bring down the value of the Euro so much lol.Poor Greek bastards gonna get taxed through their electricity bills for crying out loud.

UJ looking interesting atm ... H4 , on the TL taking it long 7685 , good above 7670 esl 7650
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  • #18,085
  • Sep 12, 2011 2:21am Sep 12, 2011 2:21am
morning fellas... i hope u had a great weekend as i did

back to work.. not sure about today's plan as many pairs already made their move during asia time. I guess what i will look for eventually today is some continuation pattern for USD strenght. Still we should keep in mind that DP hasn't been tested either in EU or in GU and we know that 2 times out of 3 that level is touched before currencies pick a direction.

any ideas?
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  • #18,086
  • Sep 12, 2011 3:01am Sep 12, 2011 3:01am
Lets run. Long @ 1.5806 1 Lot

SL @ 1.5700
  • #18,087
  • Sep 12, 2011 3:08am Sep 12, 2011 3:08am
Quoting chazzle
Morning Azim and fellow wormholers
Afternoon mate


Quoting dario1002
Still we should keep in mind that DP hasn't been tested either in EU or in GU and we know that 2 times out of 3 that level is touched before currencies pick a direction.

any ideas?
this is true, however let's not hurry this yet.
Cable is really close to the 5775 support & eu's last 3 hours closed within the master bearish candle, if the current hourly close bearish and lower than the master candle then price is likely to continue falling as it will form a falling three. Atm, HTF are all pointing down, but there isn't a high probability entry to take on yet.
I will wait.
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  • #18,088
  • Sep 12, 2011 3:20am Sep 12, 2011 3:20am
Quoting wormboy
Afternoon mate




this is true, however let's not hurry this yet.
Cable is really close to the 5775 support & eu's last 3 hours closed within the master bearish candle, if the current hourly close bearish and lower than the master candle then price is likely to continue falling as it will form a falling three. Atm, HTF are all pointing down, but there isn't a high probability entry to take on yet.
I will wait.
i will be looking for a falling three... powerful continuation pattern on a downtrend
I don't want a job, i want money!
  • #18,089
  • Sep 12, 2011 3:25am Sep 12, 2011 3:25am
usdcad going to parity... i am not THAT familiar with the pair... but i assume that 1,000 is a tough biatch to break
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  • #18,090
  • Sep 12, 2011 3:28am Sep 12, 2011 3:28am
Quoting dario1002
usdcad going to parity... i am not THAT familiar with the pair... but i assume that 1,000 is a tough biatch to break
D1 bullish pennant now valid on this pair. I'd wager this pair to be 200-300 pips higher in a month or two
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  • #18,091
  • Sep 12, 2011 3:34am Sep 12, 2011 3:34am
Quoting wormboy
D1 bullish pennant now valid on this pair. I'd wager this pair to be 200-300 pips higher in a month or two
u mean.. being the circled one the trigger for the pennant, right?
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  • #18,092
  • Sep 12, 2011 3:38am Sep 12, 2011 3:38am
Quoting dario1002
u mean.. being the circled one the trigger for the pennant, right?
you got it

9715 would be the recommended stop
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  • #18,093
  • Sep 12, 2011 3:58am Sep 12, 2011 3:58am
ok still no action for me today... probably the smartest thing to do is to wait for these lines.. hopefully it will happen in the same moment so that EU will fall like a rock!
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  • #18,094
  • Sep 12, 2011 4:02am Sep 12, 2011 4:02am
Quoting dario1002
ok still no action for me today... probably the smartest thing to do is to wait for these lines.. hopefully it will happen in the same moment so that EU will fall like a rock!
You my friend wiser are getting





did I manage to sound like Yoda there?

Won't hurt for you to plot a horizontal across the pre & post London Open highs & lows on that hourly chart. Trade the clean break later, whichever way don't matter
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  • #18,095
  • Sep 12, 2011 4:05am Sep 12, 2011 4:05am
Quoting wormboy
You my friend wiser are getting





did I manage to sound like Yoda there?

Won't hurt for you to plot a horizontal across the pre & post London Open highs & lows on that hourly chart. Trade the clean break later, whichever way don't matter
post london open??
i have there the london open plotted by cybercreative... but POST?
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  • #18,096
  • Sep 12, 2011 4:14am Sep 12, 2011 4:14am
Quoting dario1002
post london open??
i have there the london open plotted by cybercreative... but POST?
eu: hi @3623, lo @3501
cable : hi @5837, lo @5789
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  • #18,097
  • Sep 12, 2011 4:16am Sep 12, 2011 4:16am
btw, we're not likely to get a clean break for at least another 2 hours. Use those price alerts
So ... later
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  • #18,098
  • Sep 12, 2011 4:59am Sep 12, 2011 4:59am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
We have gap from weekend to fill once that done. Real thing will come out. I reckon up week as we have done the ranges. 135 and 158..GU might drag low if BOE allows it. I think we will see 142 on eu soon unless pA tells me otherwise.

Quoting wormboy
eu: hi @3623, lo @3501
cable : hi @5837, lo @5789
  • #18,099
  • Sep 12, 2011 5:01am Sep 12, 2011 5:01am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Just letting out info from my chest mate!

Greece didn't default but it's on the brink of it so I'll look to sell around 142 for my hollywood trade with wide 400-500 pip SL this time with 1 lot perhaps!

Let's see if if we get there...long way to go.


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...
  • #18,100
  • Sep 12, 2011 5:33am Sep 12, 2011 5:33am
hey guys.... just a question for u all, considering that ATM i am not trading. How is the tax system in your country for trading?

In Italy they are about to go crazy.. and coming back to the conversation that we had couple of days ago.. i might go somewhere else or stop trading at all.

What is about to happen in italy is... they gonna charge IF u have stocks (at all), they gonna charge 20% of the income derived by trading (it was 12,5% before), and they gonna charge 0,05% FOR EVERY SINGLE OPERATION THAT I MAKE, no matter gain or lose. With all these stuff (which i didn't understand if it's about to be a european thing, or just italian), i really might have to move somewhere else for living, or doing something else.

This is serious for me, so i would be thankful if u can give me a small hint on how it works in your country.

thanks
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