The WoRmHoLe | Page 1110 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better-than-the-wormhole 555 replies

Attachments: The WoRmHoLe
Exit Attachments

The WoRmHoLe

  • #22,181
  • Dec 14, 2011 10:45am Dec 14, 2011 10:45am
Quoting wormboy
Die bulls die
come on gold.. don't do that.... FACK!!!
I don't want a job, i want money!
  • #22,182
  • Dec 14, 2011 11:19am Dec 14, 2011 11:19am
Quoting chazzle
Eyes on UCHF 9535 - would look for signs of a bottom on EU if/when we get there news permitting
Support and resistance - load of old mumbo jumbo really
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UCHFM1.jpg Size: 61 KB
Click to Enlarge Name: EUM1.jpg Size: 71 KB
  • #22,183
  • Dec 14, 2011 4:51pm Dec 14, 2011 4:51pm
Morning chaps.

Still no bottom in sight on yoorow & that bearish continuation pattern is still there in this 4 hourly.

So don't go digging your bums. Wait for it to produce a reversal pattern .. at least on the H4.

Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: euh4.gif Size: 18 KB
Thank You
  • #22,184
  • Dec 14, 2011 5:21pm Dec 14, 2011 5:21pm
Quoting wormboy
Morning chaps.

Still no bottom in sight on yoorow & that bearish continuation pattern is still there in this 4 hourly.

So don't go digging your bums. Wait for it to produce a reversal pattern .. at least on the H4.

Good luck.
wormie any thoughts on cable? I see its sitting straight on weekly support at 5457 - think we'll go see 5350?
Money is the result derived from the execution of a skillset
  • #22,185
  • Dec 15, 2011 4:06am Dec 15, 2011 4:06am
they are really taking a piss at eu... looking at a 4h chart there isnt a single sign of rising...

anyway... i really believe i won't go shorting yet... i believe that 400 pips fall in a straight way need a little retracement...
I don't want a job, i want money!
  • #22,186
  • Dec 15, 2011 4:07am Dec 15, 2011 4:07am
Quoting dario1002
they are really taking a piss at eu... looking at a 4h chart there isnt a single sign of rising...

anyway... i really believe i won't go shorting yet... i believe that 400 pips fall in a straight way need a little retracement...
Hi Dario, Here is an interesting piece from Deutsche Bank regarding traders shorting the EUR:

Euro shorts approach 2011 highs as EUR/USD positioning is the only game in town. Euro positions are approaching 2011 highs (seen on 9-Sep) but are still shy of all-time highs seen in early May 2010 (-23%). Back then EUR/USD was breaking through 1.30 on the way to 1.20 before rebounding. We have emphasized repeatedly throughout the year that extreme dbSPI positioning, especially in EUR, has historically been wise to follow as opposed to fade given EUR/USD long-term history of trending in quick bursts (notwithstanding this year). Historically dbSelect currency managers have made money by catching the beginning of long-term trends and the clear position of the platform is short EUR/USD (to the exclusion of almost all else).
Money is the result derived from the execution of a skillset
  • #22,187
  • Dec 15, 2011 4:25am Dec 15, 2011 4:25am
Quoting Marquis
Hi Dario, Here is an interesting piece from Deutsche Bank regarding traders shorting the EUR:

Euro shorts approach 2011 highs as EUR/USD positioning is the only game in town. Euro positions are approaching 2011 highs (seen on 9-Sep) but are still shy of all-time highs seen in early May 2010 (-23%). Back then EUR/USD was breaking through 1.30 on the way to 1.20 before rebounding. We have emphasized repeatedly throughout the year that extreme dbSPI positioning, especially in EUR, has historically been wise to follow as opposed to fade given EUR/USD...

It would be interesting to see how this pair close in Jan 2012. It looks like the EUR/USD is going down,down,down for now. But let see what happens Jan - Feb 2012.
  • #22,188
  • Dec 15, 2011 4:49am Dec 15, 2011 4:49am
Quoting Marquis
Hi Dario, Here is an interesting piece from Deutsche Bank regarding traders shorting the EUR:

Euro shorts approach 2011 highs as EUR/USD positioning is the only game in town. Euro positions are approaching 2011 highs (seen on 9-Sep) but are still shy of all-time highs seen in early May 2010 (-23%). Back then EUR/USD was breaking through 1.30 on the way to 1.20 before rebounding. [b]We have emphasized repeatedly throughout the year that extreme dbSPI positioning, especially in EUR, has historically been wise to follow as opposed to fade given EUR/USD...

yeah... Deutsche bank .... i bet american banks tell differently Deutsche Bank kinda have to say such things, as they know that after France (which is about to get proper facked as well), it's their turn, regardless what they say, u can't really be a winner if u are surrounded by losers

I don't know about you, but in the underlined sentence i read... keep longing even if eur is going down... 3440 was a hard level to break and historically a key point for turning or bouncing, now if i was going to hold long from 3440 ... i would happily be with 400 pips drawdown

Me thinking is.. keep shorting till there is a good sign of reversal.. long term changes require a pattern, eventually a complex pattern on the daily chart (better weekly), as for the rest, i leave the longing to Deutsche Bank, they can afford it
I don't want a job, i want money!
  • #22,189
  • Dec 15, 2011 5:00am Dec 15, 2011 5:00am
Quoting dario1002
yeah... Deutsche bank .... i bet american banks tell differently Deutsche Bank kinda have to say such things, as they know that after France (which is about to get proper facked as well), it's their turn, regardless what they say, u can't really be a winner if u are surrounded by losers

I don't know about you, but in the underlined sentence i read... keep longing even if eur is going down... 3440 was a hard level to break and historically a key point for turning or bouncing, now if i was going to hold long from 3440 ... i would happily be...
then... i don't know how u see it.. but this chart looks very mean for EU

and moreover... if we go back on the weekly chart from 2007, we can see that we have a sequences of LH-LL-LH, and if we connct the 2 LLs... we get approximatively to PARITY ...

ok this is fanta-trading, but that's what charts say to me
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusddaily.jpg Size: 105 KB
Click to Enlarge Name: eurusdweekly.jpg Size: 100 KB
I don't want a job, i want money!
  • #22,190
  • Dec 16, 2011 10:57am Dec 16, 2011 10:57am
HELLO
  • #22,191
  • Dec 17, 2011 2:22pm Dec 17, 2011 2:22pm
Quoting chazzle
HELLO
hi
  • #22,192
  • Dec 19, 2011 9:43am Dec 19, 2011 9:43am
Quoting 50d
hi

hello
  • #22,193
  • Dec 19, 2011 10:26am Dec 19, 2011 10:26am
Quoting nAVIN2007
hello

hell OOOOOOO
  • #22,194
  • Dec 19, 2011 10:27am Dec 19, 2011 10:27am
guess most people not trading this week so let me be the first to say
MERRY CHRISTMAS AND HAPPY NEW YEAR
  • #22,195
  • Dec 19, 2011 10:54am Dec 19, 2011 10:54am
Quoting Rapid
guess most people not trading this week so let me be the first to say
MERRY CHRISTMAS AND HAPPY NEW YEAR
thanks matey right back at ya!!!
  • #22,196
  • Edited Dec 20, 2011 3:54am Dec 19, 2011 4:58pm | Edited Dec 20, 2011 3:54am
Quoting Rapid
guess most people not trading this week so let me be the first to say
MERRY CHRISTMAS AND HAPPY NEW YEAR

look like im in this trade a lot longer than i want to be..I wish u all merry christmas and happy new year..be happy and enjoy time with yur families!!!

god bless u all..

edit:- u guys still trading?
  • #22,197
  • Dec 20, 2011 7:56am Dec 20, 2011 7:56am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Good day

closed one long and leaving two at BE
Attached Image (click to enlarge)
Click to Enlarge Name: diamond.png Size: 61 KB
  • #22,198
  • Dec 20, 2011 8:53am Dec 20, 2011 8:53am
Quoting wormboy
Morning.

Getting out of all shorts since the daily had produced a possible bullish reversal pattern. However won't be buying as the inside bar does need a second bullish day close as a confirmation.

Good luck
Textbook reversal after Friday's bullish close.
Current target is set for 3365 once price clears the monthly pivot resistance.

Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: eud1.gif Size: 13 KB
Attached Image
Thank You
  • #22,199
  • Dec 20, 2011 9:56am Dec 20, 2011 9:56am
UCHF pulled back nicely - this brings it to a channel bottom on H4 although with the high momentum we could see it push to 9200/9220 as some support in the 9310 area has been taken out also - I don't see it going much further - would then look for a top on EU perhaps in 13240 area
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uchfd1.jpg Size: 64 KB
Click to Enlarge Name: UCHFH4.jpg Size: 72 KB
  • #22,200
  • Dec 21, 2011 3:07am Dec 21, 2011 3:07am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Good day

closed one long and leaving two at BE
Good day

Closed another long and leaving the last one at BE

Good luck in your trades
Attached Image (click to enlarge)
Click to Enlarge Name: diamond.png Size: 51 KB
27 traders viewing now