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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #18,241
  • Sep 13, 2011 4:27am Sep 13, 2011 4:27am
Quoting albchr
I'm flat as well bro but I have to say, I'm not convinced this isn't a good place to long from. Hmmmm....
and i tend to agree with u... but i will consider to go long and against the dollar only if there is some technical reason. ATM GU is trading under 58 and already pierced yesterday's low once... really no reason to go against the beast for SR line (which i have on my charts as well), considering that all the others SR lines from 1.66 were destroied
I don't want a job, i want money!
  • #18,242
  • Sep 13, 2011 4:28am Sep 13, 2011 4:28am
Quoting albchr
I'm flat as well bro but I have to say, I'm not convinced this isn't a good place to long from. Hmmmm....
If it meets your criteria to buy right now then go for it brother.
Atm, the short setup is outweighing my buy setup. So I can't take it. Broke my rules once already today & lucky to have escaped a bloodied nose ...
Thank You
  • #18,243
  • Sep 13, 2011 4:45am Sep 13, 2011 4:45am
Just some figures here

German DAX was at 7500 early this year and at the moment it is just above 5000


Paris CAC was over 4000 early this year and at the moment it is at 2800


During the 2008 crash, the lowest Paris CAC drop to was around 2500 while German DAX was around 4000.

It seems France is the worst off.
  • #18,244
  • Sep 13, 2011 4:53am Sep 13, 2011 4:53am
Quoting wormboy
If it meets your criteria to buy right now then go for it brother.
Atm, the short setup is outweighing my buy setup. So I can't take it. Broke my rules once already today & lucky to have escaped a bloodied nose ...
ATM it doesn't meet my criteria either and I too got lucky by getting out with a few pips. I will watch as well right now. At least to the end of the next H4.

Dario, I agree it's below 58 right now but for me, the real battle line is 5780 to 5700. However, the 50% fib at 5630 (weekly chart) is also within reach and a strong possibility.

At any rate, this crazy PA demands patience right now me thinks.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_weekly.gif Size: 28 KB
Ghost Rider - WWTBMD?
  • #18,245
  • Sep 13, 2011 4:53am Sep 13, 2011 4:53am
Quoting wormboy
If it meets your criteria to buy right now then go for it brother.
Atm, the short setup is outweighing my buy setup. So I can't take it. Broke my rules once already today & lucky to have escaped a bloodied nose ...

a reason fot not rushing things.... here is a chart of gbplfx
Attached Image (click to enlarge)
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I don't want a job, i want money!
  • #18,246
  • Sep 13, 2011 4:56am Sep 13, 2011 4:56am
Quoting albchr
ATM it doesn't meet my criteria either and I too got lucky by getting out with a few pips. I will watch as well right now. At least to the end of the next H4.

Dario, I agree it's below 58 right now but for me, the real battle line is 5780 to 5700. However, the 50% fib at 5630 (weekly chart) is also within reach and a strong possibility.

At any rate, this crazy PA demands patience right now me thinks.

my battle "blue-areas" on GU
Attached Image (click to enlarge)
Click to Enlarge Name: 13gbpusddaily.jpg Size: 138 KB
I don't want a job, i want money!
  • #18,247
  • Sep 13, 2011 4:58am Sep 13, 2011 4:58am
Quoting dario1002
my battle "blue-areas" on GU
updated with the new "blue-area" at 53...
Attached Image (click to enlarge)
Click to Enlarge Name: 13gbpusddaily-1.jpg Size: 114 KB
I don't want a job, i want money!
  • #18,248
  • Edited 5:16am Sep 13, 2011 5:03am | Edited 5:16am
Quoting wormboy
If it meets your criteria to buy right now then go for it brother.
Atm, the short setup is outweighing my buy setup. So I can't take it. Broke my rules once already today & lucky to have escaped a bloodied nose ...
It met mine

Attached Image (click to enlarge)
Click to Enlarge Name: 110913_GU_m5.png Size: 33 KB


1.5865ish is the target

Hope you are well bro!

EDIT: Took 1/3 off at 50 pips... so this is a free trade now. Will take another 1/3 at target and trail the final 1/3 just in case, but the $ is looking strong at the moment!
  • #18,249
  • Sep 13, 2011 5:05am Sep 13, 2011 5:05am
Quoting Rapid
Just some figures here

German DAX was at 7500 early this year and at the moment it is just above 5000


Paris CAC was over 4000 early this year and at the moment it is at 2800


During the 2008 crash, the lowest Paris CAC drop to was around 2500 while German DAX was around 4000.

It seems France is the worst off.
Downgrading of the French banks just around the corner which are heavily exposed to the Greek debt!
  • #18,250
  • Sep 13, 2011 5:07am Sep 13, 2011 5:07am
Thar she goes without me...LOL Sometimes you gotta just trust your gut!
Ghost Rider - WWTBMD?
  • #18,251
  • Sep 13, 2011 5:09am Sep 13, 2011 5:09am
Quoting albchr
Thar she goes without me...LOL Sometimes you gotta just trust your gut!
Yup! Never mind... time to wait for your next setup! I am sure there will be one just around the corner!
  • #18,252
  • Sep 13, 2011 5:11am Sep 13, 2011 5:11am
Quoting bbakker
Yup! Never mind... time to wait for your next setup! I am sure there will be one just around the corner!
Yep! There always is.
Ghost Rider - WWTBMD?
  • #18,253
  • Sep 13, 2011 5:13am Sep 13, 2011 5:13am
Quoting albchr
Thar she goes without me...LOL Sometimes you gotta just trust your gut!

dont worry it will take time..am sure u will get another chance
  • #18,254
  • Sep 13, 2011 5:15am Sep 13, 2011 5:15am
Quoting bbakker
Downgrading of the French banks just around the corner which are heavily exposed to the Greek debt!

The current move down is by big boys hence the commoner have yet to exit. Just a bit weird as this current move down is so huge without the commoner's participation.
  • #18,255
  • Sep 13, 2011 5:17am Sep 13, 2011 5:17am
Quoting nAVIN2007
dont worry it will take time..am sure u will get another chance
I'm not worred bro. Other than a couple sour trades, I'm up pretty good over my time at home. Staying for one more week so we'll see how it turns out.

Hope you placed your stop like wormie suggested.
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  • #18,256
  • Sep 13, 2011 5:19am Sep 13, 2011 5:19am
Quoting Rapid
The current move down is by big boys hence the commoner have yet to exit. Just a bit weird as this current move down is so huge without the commoner's participation.
Have you seen the yields on EZ bonds! Greek 1yr now at 128% and 10yr at 24.24% Bond markets are saying that Greece is going to default!
  • #18,257
  • Sep 13, 2011 5:22am Sep 13, 2011 5:22am
Quoting albchr
I'm not worred bro. Other than a couple sour trades, I'm up pretty good over my time at home. Staying for one more week so we'll see how it turns out.

Hope you placed your stop like wormie suggested.

yeah i have buts its a long term trade so i dont expect to see my targets quick..if i pull this of..then im ready to make money..im just getting used to the risk side of the game, putting more on the line, the safest way i know how..my charts still support long so not concerned

be lucky
  • #18,258
  • Sep 13, 2011 5:24am Sep 13, 2011 5:24am
Quoting nAVIN2007
yeah i have buts its a long term trade so i dont expect to see my targets quick..if i pull this of..then im ready to make money..im just getting used to the risk side of the game, putting more on the line, the safest way i know how..my charts still support long so not concerned

be lucky


I'm out of here... take it easy peeps!
  • #18,259
  • Sep 13, 2011 5:27am Sep 13, 2011 5:27am
Quoting bbakker
look for 1.59 to hold as support..if it does which i fully expect, not at first thou as people will look to sell from it.. u just may have a trade that may go all the way up!!

just a thought
  • #18,260
  • Sep 13, 2011 5:31am Sep 13, 2011 5:31am
Quoting nAVIN2007
yeah i have buts its a long term trade so i dont expect to see my targets quick..if i pull this of..then im ready to make money..im just getting used to the risk side of the game, putting more on the line, the safest way i know how..my charts still support long so not concerned

be lucky
I agree long term buddy. If I had the account size, I'd start loading longs here for sure.

Lucky? Oh Lord no! If I have to depend on luck.... I'M DOOMED!!
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