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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #19,101
  • Edited 6:27am Sep 26, 2011 5:15am | Edited 6:27am
Quoting ams
had to do it, it's easy getting 10-15 pips here & there then 100 pips!
We might test 97 again so looking to go short with atleast 10 lots this time. These are the times when one can make dosh easy but have to be careful. We are seeing post Lehman scenerio all over again. Atleast I remeber it correctly.
that is true but sometimes u can go wrong..question is can u pull out in time..yur right thou..this is why i need a descent win so i can try things like that..
  • #19,102
  • Sep 26, 2011 5:16am Sep 26, 2011 5:16am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
See trend is majorly down. Any up move has to be sold.
Guys who are taking billions, trillions out of the market ain't gonna reverse anytime soon. so play along with them.

Quoting nAVIN2007
that is true but sometimes i can go wrong..question is can u pull out in time..yur right thou..this is why i need a descent win so i can try things like that..
  • #19,103
  • Sep 26, 2011 5:20am Sep 26, 2011 5:20am
Quoting ams
See trend is majorly down. Any up move has to be sold.
Guys who are taking billions, trillions out of the market ain't gonna reverse anytime soon. so play along with them.

yup..when and if i get out of this..i wont be doing this again..100 pip stop max and will go with dailly

these arsehole in news keep talking about QE..aint helping anyways..what to do
  • #19,104
  • Sep 26, 2011 5:22am Sep 26, 2011 5:22am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Though I would still say short euro nav. if it goes to 35ishh short the sucker .3 or .5 lots whatever u think is ok and it'll go down. You'll breakeven mate. Leave the rest to you.

Quoting nAVIN2007
yup..when and if i get out of this..i wont be doing this again..100 pip stop max and will go with dailly
  • #19,105
  • Sep 26, 2011 5:23am Sep 26, 2011 5:23am
Quoting ams
Though I would still say short euro nav. if it goes to 35ishh short the sucker .3 or .5 lots whatever u think is ok and it'll go down. You'll breakeven mate. Leave the rest to you.

thanks bro
  • #19,106
  • Sep 26, 2011 5:43am Sep 26, 2011 5:43am
Quoting ams
See trend is majorly down. Any up move has to be sold.
Guys who are taking billions, trillions out of the market ain't gonna reverse anytime soon. so play along with them.

Amit,

Got a question.....the UBS guy who lost £1.3 billion.
What is the big deal?
Somebody lost £1.3 billion, somebody will win the £1.3 billion right?
  • #19,107
  • Sep 26, 2011 5:49am Sep 26, 2011 5:49am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Big deal, it's a darn big deal mate.

It's not about profit or loss.

Imagine if only 1 trader could loose more than a billion and no one at the firm knows about that, what does the quality assurance tells you about audit or control on this kind of firm? How many more trades like this are covered now?

Would you trust them with your money or anyone in the market would loan them some?

Answer: NO


ta
ams


Quoting Rapid
Amit,

Got a question.....the UBS guy who lost £1.3 billion.
What is the big deal?
Somebody lost £1.3 billion, somebody will win the £1.3 billion right?
  • #19,108
  • Sep 26, 2011 5:54am Sep 26, 2011 5:54am
Quoting ams
Big deal, it's a darn big deal mate.

It's not about profit or loss.

Imagine if only 1 trader could loose more than a billion and no one at the firm knows about that, what does the quality assurance tells you about audit or control on this kind of firm? How many more trades like this are covered now?

Would you trust them with your money or anyone in the market would loan them some?

Answer: NO


ta
ams

Understand that part about QA, audit stuff but the press is putting it like £1.3billion is gone but in actualy fact it has just change hands from maybe UBS to Goldman.

To me it is nothing since I never trust my money to anyone else but me.
  • #19,109
  • Sep 26, 2011 6:01am Sep 26, 2011 6:01am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
that's true since banks trade with each other. They act as market maker for certain stocks so to deal with particular company not in "their" UBS's panel they have to go out for shopping. In this case it would've been GS who was market maker for the stock. They ain't gonna give the money back regardless of what media says. They might have been asked to cover it



Quoting Rapid
Understand that part about QA, audit stuff but the press is putting it like £1.3billion is gone but in actualy fact it has just change hands from maybe UBS to Goldman.

To me it is nothing since I never trust my money to anyone else but me.
  • #19,110
  • Sep 26, 2011 6:15am Sep 26, 2011 6:15am
cool.. what happened????
I don't want a job, i want money!
  • #19,111
  • Sep 26, 2011 6:20am Sep 26, 2011 6:20am
Quoting sailor68
Hi ams,

First trade of the week.

Eu Counter trade buy on hammer (h1) want to see area 3550 (area of weekly pivot and friday's high) but we have first area of pivot.
Nice first trade of the week closed euro long below weekly pivot
+ 120 pips
Trade with the momentum
  • #19,112
  • Sep 26, 2011 6:20am Sep 26, 2011 6:20am
anyway... here is the deal... from these levels on eu and gu i can start looking for short seriously... will wait for the gu bearflag to be triggered... and at some point i expect eu touching the WP ... and then will see if it fails from there
I don't want a job, i want money!
  • #19,113
  • Sep 26, 2011 6:23am Sep 26, 2011 6:23am
Quoting dario1002
anyway... here is the deal... from these levels on eu and gu i can start looking for short seriously... will wait for the gu bearflag to be triggered... and at some point i expect eu touching the WP ... and then will see if it fails from there
Eu : same looking for build short positions at WP
Trade with the momentum
  • #19,114
  • Sep 26, 2011 6:27am Sep 26, 2011 6:27am
Quoting dario1002
anyway... here is the deal... from these levels on eu and gu i can start looking for short seriously... will wait for the gu bearflag to be triggered... and at some point i expect eu touching the WP ... and then will see if it fails from there
No, don't do it, the retracement is not over. Turn off your screen & go get your ass fried like you always do
Thank You
  • #19,115
  • Sep 26, 2011 6:33am Sep 26, 2011 6:33am
Quoting wormboy
No, don't do it, the retracement is not over. Turn off your screen & go get your ass fried like you always do

i mean i will look for a reversal pattern to form... if it doesnt form a bearish pattern and go up 200 pips more i will wait

and here now is raining.. no more frying ass.... isnt that sad?
I don't want a job, i want money!
  • #19,116
  • Sep 26, 2011 6:34am Sep 26, 2011 6:34am
Quoting ams
1300!! That's too far...Today is the day if 1550 can hold then we will not see level below it. Haven't seen gold falling more than $400 historically but haven't the rise this fast too
I won't be buying yet bro, last week's close was very bearish I'm not going against that yet. Even $1550 is too expensive for my liking. I'll give it another a few more weeks or at least till I get back from the uk & decide then. Won't be buying now at these levels & go on a holiday hehe
Thank You
  • #19,117
  • Sep 26, 2011 6:41am Sep 26, 2011 6:41am
Quoting dario1002
and here now is raining.. no more frying ass.... isnt that sad?
Turn on the microwave.

Anyway reversal pattern don't form just like that, you don't have to waste your time waiting every single minute. The 4 hourly on gu & eu closes in 23 minutes & is now forming a hundred pip bullish thrust, now unless the whole 100 pips candle disappear within this few minutes, you don't want to waste your time looking for it yet.
Cable 5640, euro 3625, just set your pa there and go away. Just saying.
Thank You
  • #19,118
  • Sep 26, 2011 6:42am Sep 26, 2011 6:42am
looking at daily candle on eu we could see 1.38 and according to fibos we are still just a the firsts retracement levels...

GU is even more impressive.. as we didn't have any LH yet... we just had a vertical drop from 66 to 53 ... we could see 1.60 and we would be just at the 50% retracement
I don't want a job, i want money!
  • #19,119
  • Sep 26, 2011 6:43am Sep 26, 2011 6:43am
Quoting wormboy
Turn on the microwave.

Anyway reversal pattern don't form just like that, you don't have to waste your time waiting every single minute. The 4 hourly on gu & eu closes in 23 minutes & is now forming a hundred pip bullish thrust, now unless the whole 100 pips candle disappear within this few minutes, you don't want to waste your time looking for it yet.
Cable 5640, euro 3625, just set your pa there and go away. Just saying.
Thanks for your view
Trade with the momentum
  • #19,120
  • Sep 26, 2011 6:44am Sep 26, 2011 6:44am
Quoting wormboy
I won't be buying yet bro, last week's close was very bearish I'm not going against that yet. Even $1550 is too expensive for my liking. I'll give it another a few more weeks or at least till I get back from the uk & decide then. Won't be buying now at these levels & go on a holiday hehe

well looking at monthly it will take a brave soul to short it..coud well be a trap for shorts potentail 700 pips to trendline but price might have fell to close the gap also

tough
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