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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #18,101
  • Sep 12, 2011 5:41am Sep 12, 2011 5:41am
Believe one can set up your account elsewhere (out of Europe) but remain physically where you are to trade
Eg: you could possibly set up an account say in HK, SG or MY (countries like in SG they have no revenue tax in FX trade as yet, but not sure in future) and remain physically in your home country to trade.
just my thoughts


Quoting dario1002
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...
  • #18,102
  • Sep 12, 2011 5:59am Sep 12, 2011 5:59am
Quoting A 5
Believe one can set up your account elsewhere (out of Europe) but remain physically where you are to trade
Eg: you could possibly set up an account say in HK, SG or MY (countries like in SG they have no revenue tax in FX trade as yet, but not sure in future) and remain physically in your home country to trade.
just my thoughts
it's not exactly like this here.... Even if i trade in foreign countries.. i have my "centre of business" here in Italy. So i should pay taxes eventually THERE (wherever i trade) and here (in Italy as it's my "headquarter"), unless my country has some agreement with the foreign country. Moreover, other than trying to avoid taxes, they could have the suspect that i am trying to recycle dirty money from whatever other illegal activity (such us: why u send your money from italy to HK, and then in some time get money from HK to Italy? how did u get those money in a first instance?)
I don't want a job, i want money!
  • #18,103
  • Sep 12, 2011 6:25am Sep 12, 2011 6:25am
Quoting dario1002
it's not exactly like this here.... Even if i trade in foreign countries.. i have my "centre of business" here in Italy. So i should pay taxes eventually THERE (wherever i trade) and here (in Italy as it's my "headquarter"), unless my country has some agreement with the foreign country. Moreover, other than trying to avoid taxes, they could have the suspect that i am trying to recycle dirty money from whatever other illegal activity (such us: why u send your money from italy to HK, and then in some time get money from HK to Italy? how did u...
Play here. In Indonesia, we dont have taxes for trading. Well of course if u have business, u have to pay taxes. But for trading, its like additional. If u dont pay its okay, except if u are playing big. like couple of million dollars. then u have to pay some taxes. I Suppose..
  • #18,104
  • Sep 12, 2011 6:27am Sep 12, 2011 6:27am
Quoting mloistianto
Lets run. Long @ 1.5806 1 Lot

SL @ 1.5700

SL amended @ 1.5750
  • #18,105
  • Sep 12, 2011 6:30am Sep 12, 2011 6:30am
Quoting dario1002
tax
I use spreadbets so there's no tax cos it's considered gambling - not actually trading on anything , just betting on price movements.This is the situation for now , but it wouldn't surprise me one bit if the govt. imposed a tax on it tomorrow ...
  • #18,106
  • Sep 12, 2011 6:37am Sep 12, 2011 6:37am
Know where you are coming from, am very sure there is a way out.
Italians are brilliant in tax avoidance which is technically allowed under the law unlike for tax evasion. As the rich becomes better in tax avoidance, the financial police becomes smarter and it's the man in the street and the upstart entrepreneur which becomes affected most.



Quoting dario1002
it's not exactly like this here.... Even if i trade in foreign countries.. i have my "centre of business" here in Italy. So i should pay taxes eventually THERE (wherever i trade) and here (in Italy as it's my "headquarter"), unless my country has some agreement with the foreign country. Moreover, other than trying to avoid taxes, they could have the suspect that i am trying to recycle dirty money from whatever other illegal activity (such us: why u send your money from italy to HK, and then in some time get money from HK to Italy? how did u...
  • #18,107
  • Sep 12, 2011 6:53am Sep 12, 2011 6:53am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
EU covered @ 3660...
GU left @ 5880..


Quoting ams
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.
  • #18,108
  • Sep 12, 2011 6:57am Sep 12, 2011 6:57am
Quoting ams
EU covered @ 3660...
GU left @ 5880..

yur sense for the market has really improved bro!!..how low do u think GU can actually go?..any idea

dollar will start being under pressure now..
  • #18,109
  • Sep 12, 2011 7:10am Sep 12, 2011 7:10am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
thanks buddy!!

Hard to say, technically I see it @ 54ishh..but it can sink lower if BOE doesn't hold the drop and does round of QE2.

But before dropping badly it must go UP to 61ish.. not a hard thing for GU. It can do that in a day as we know :-)
For sure we will see 200-300 pip short sqeeze.. between today, tomorrow.

I have placed sell order @ 5880 and 5920 with SL @ 5950 (1 lot / .5) ..targetting 5740 first. Very risky trade if you ask me as I expect GBP to hold above 58 as market likes GBP as safe heaven for now until QE2 is announced after that perhaps 143ishh who know there is no floor or roof if that happens as everyone (euro, US) will be doing the same



Quoting nAVIN2007
yur sense for the market has really improved bro!!..how low do u think GU can actually go?..any idea
  • #18,110
  • Sep 12, 2011 7:11am Sep 12, 2011 7:11am
Quoting wormboy
eu: hi @3623, lo @3501
cable : hi @5837, lo @5789
Took the cable counter, multiple m5 breaks coincided with the H3/H4 bullish evening star doji.

long @5852 stop @5775 (1.0)
Attached Image (click to enlarge)
Click to Enlarge Name: guh3.png Size: 31 KB
Thank You
  • #18,111
  • Sep 12, 2011 7:13am Sep 12, 2011 7:13am
Quoting ams
thanks buddy!!

Hard to say, technically I see it @ 54ishh..but it can sink lower if BOE doesn't hold the drop and does round of QE2.

But before dropping badly it must go UP to 61ish.. not a hard thing for GU. It can do that in a day as we know :-)
For sure we will see 200-300 pip short sqeeze.. between today, tomorrow.

I have placed sell order @ 5880 and 5920 with SL @ 5950 (1 lot / .5) ..targetting 5740 first. Very risky trade if you ask me as I expect GBP to hold above 58 as market likes GBP as safe heaven for now until QE2 is announced after...
just watch out for 1.59..make sure that holds as resistance b4 thinking of long term short..if this form support it is going up towards 1.67
  • #18,112
  • Sep 12, 2011 7:18am Sep 12, 2011 7:18am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
no way in hell we are going to 167 without having a clean break on weekly of 160200 1st. We have done the ranges for sure as I mentioned in previous posts but things are little dodgy this time as equity markets are tanking with no bottom visisble yet. Despite in big mess dollar will be preffered as always and it/DX has show us the bottom to @ 7350.


Quoting nAVIN2007
just watch out for 1.59..make sure that holds as resistance b4 thinking of long term short..if this form support it is going up towards 1.67
  • #18,113
  • Sep 12, 2011 7:21am Sep 12, 2011 7:21am
Quoting ams
thanks buddy!!

Hard to say, technically I see it @ 54ishh..but it can sink lower if BOE doesn't hold the drop and does round of QE2.

But before dropping badly it must go UP to 61ish.. not a hard thing for GU. It can do that in a day as we know :-)
For sure we will see 200-300 pip short sqeeze.. between today, tomorrow.

I have placed sell order @ 5880 and 5920 with SL @ 5950 (1 lot / .5) ..targetting 5740 first. Very risky trade if you ask me as I expect GBP to hold above 58 as market likes GBP as safe heaven for now until QE2 is announced after...
right now all that we have is a 4h inversion figure on EU (engulfing pattern) and a doji on GU 4h which, assuming nothing will happen in the current hour and price stalls right there, will become a morning star. Yet we are comparing a 4h inversion pattern to a very bearish enviroment either in EU and in GU (with 3 weekly black crow coming from the top on GU). This might take a while but i don't see it going much up anytime soon, of course unless USD comes up with something worst than what is going on in europe
I don't want a job, i want money!
  • #18,114
  • Sep 12, 2011 7:21am Sep 12, 2011 7:21am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
1st order filled @ 5880 of .5 lot, 2nd left .5 @ 5920...
I am in counter trend of my hourly chart as Wormie also pointed so let's see how it goes. I reckon my SL will be hit and we will have a big ass UP day



Quoting ams
thanks buddy!!

Hard to say, technically I see it @ 54ishh..but it can sink lower if BOE doesn't hold the drop and does round of QE2.

But before dropping badly it must go UP to 61ish.. not a hard thing for GU. It can do that in a day as we know :-)
For sure we will see 200-300 pip short sqeeze.. between today, tomorrow.

I have placed sell order @ 5880 and 5920 with SL @ 5950 (1 lot / .5) ..targetting 5740 first. Very risky trade if you ask me as I expect GBP to hold above 58 as market likes GBP as safe heaven for now until QE2 is announced after...
  • #18,115
  • Sep 12, 2011 7:23am Sep 12, 2011 7:23am
Quoting ams
no way in hell we are going to 167 without having a clean break on weekly of 160200 1st. We have done the ranges for sure as I mentioned in previous posts but things are little dodgy this time as equity markets are tanking with no bottom visisble yet. Despite in big mess dollar will be preffered as always and it/DX has show us the bottom to @ 7350.
it will be interesting..i will be first to admit..my position long on cable is very stupid trade on my part and im completely way of the current trend..but mark my words

if 1.59 holds as support..cable is going to be unstoppable
  • #18,116
  • Sep 12, 2011 7:24am Sep 12, 2011 7:24am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
keep an eye on aussie it has to fill it's gap @ 10450...I also reckon market's will be up and it's free money lying around!!
gone long @1033.



Quoting dario1002
right now all that we have is a 4h inversion figure on EU (engulfing pattern) and a doji on GU 4h which, assuming nothing will happen in the current hour and price stalls right there, will become a morning star. Yet we are comparing a 4h inversion pattern to a very bearish enviroment either in EU and in GU (with 3 weekly black crow coming from the top on GU). This might take a while but i don't see it going much up anytime soon, of course unless USD comes up with something worst than what is going on in europe
  • #18,117
  • Sep 12, 2011 7:25am Sep 12, 2011 7:25am
Size of the upper wick on the last EUH1 bar makes me think this rebound could well run out of steam soon temp. res @ 665
Attached Image (click to enlarge)
Click to Enlarge Name: DOD.jpg Size: 53 KB
  • #18,118
  • Sep 12, 2011 7:29am Sep 12, 2011 7:29am
Quoting wormboy
Took the cable counter, multiple m5 breaks coincided with the H3/H4 bullish evening star doji.

long @5852 stop @5775 (1.0)
typo, I meant morning star doji
Thank You
  • #18,119
  • Sep 12, 2011 7:30am Sep 12, 2011 7:30am
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!
What indicator are you using for your blue support and resistance lines?
  • #18,120
  • Sep 12, 2011 7:31am Sep 12, 2011 7:31am
Quoting wormboy
typo, I meant morning star doji

i was looking to correct u..but i knew ud mention it!!
nice trade bro!!
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