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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #23,261
  • Jul 19, 2012 4:58am Jul 19, 2012 4:58am
Quoting Marquis
For what its worth - a good market timing indicator that I use to follow larger term trends is Tom Demark's Sequential and Combo countdowns (wormie I believe is familiar with Demark - I remember him mentioning Demark Trendlines)

In any case both the weekly and daily EUR charts have printed a '13' buy countdown indicating a low risk/high reward probability of trend reversal to the upside.

Last time this signal popped up the EUR was trading at 1.2650 - and I went long for a nice 500 pip ride to the upside. So when these indicators speak I tend to...
Thank you for your post.
I do not use indicators but this method seems interesting.
Where can I obtain this indicator for mt4? Or alternatively , what charting software do you use?
Thanks.
  • #23,262
  • Jul 19, 2012 5:12am Jul 19, 2012 5:12am
Quoting PIP Lover
Thank you for your post.
I do not use indicators but this method seems interesting.
Where can I obtain this indicator for mt4? Or alternatively , what charting software do you use?
Thanks.
Hi there,

I know of a few indicators on MT4 that you can download corresponding to this method however they are inaccurate. The indicators I use are a paid service on my Bloomberg terminal
Money is the result derived from the execution of a skillset
  • #23,263
  • Jul 19, 2012 3:06pm Jul 19, 2012 3:06pm
Quoting wormboy
Reversed again.

1. long @1.2241 sl @1.21 (3.0)
closed @1.2279 (3.0)
Thank You
  • #23,264
  • Jul 19, 2012 4:19pm Jul 19, 2012 4:19pm
Quoting wormboy
closed @1.2279 (3.0)
Wormie - any reason you closed the position ?
Money is the result derived from the execution of a skillset
  • #23,265
  • Jul 20, 2012 5:27am Jul 20, 2012 5:27am
oh cmon... Eu create a lower low please...
  • #23,266
  • Jul 20, 2012 7:50am Jul 20, 2012 7:50am
Quoting mloistianto
oh cmon... Eu create a lower low please...

happy?
I don't want a job, i want money!
  • #23,267
  • Jul 20, 2012 7:58am Jul 20, 2012 7:58am
Quoting Marquis
Wormie - any reason you closed the position ?

because it was going to fall down... easy

if i know the boy, he is short from around 2230
I don't want a job, i want money!
  • #23,268
  • Jul 20, 2012 9:07am Jul 20, 2012 9:07am
Given today's movement, do you think this has been invalidated?

Quoting Marquis
For what its worth - a good market timing indicator that I use to follow larger term trends is Tom Demark's Sequential and Combo countdowns (wormie I believe is familiar with Demark - I remember him mentioning Demark Trendlines)

In any case both the weekly and daily EUR charts have printed a '13' buy countdown indicating a low risk/high reward probability of trend reversal to the upside.

Last time this signal popped up the EUR was trading at 1.2650 - and I went long for a nice 500 pip ride to the upside. So when these indicators speak I tend...
  • #23,269
  • Jul 20, 2012 9:10am Jul 20, 2012 9:10am
Quoting hadleyma
Given today's movement, do you think this has been invalidated?
Its entirely possible. I trade candlestick patterns over timing indicators as such today's candle is very bearish. I have my stops set below 1.2085 and I am keeping that (small) position open. Let's see what next week brings.
Money is the result derived from the execution of a skillset
  • #23,270
  • Jul 20, 2012 9:16am Jul 20, 2012 9:16am
Quoting Marquis
Wormie - any reason you closed the position ?
H1 support turned resistance & it failed to push during London.
Thank You
  • #23,271
  • Jul 20, 2012 9:18am Jul 20, 2012 9:18am
Quoting dario1002
because it was going to fall down... easy

if i know the boy, he is short from around 2230
2277 & 2260 actually. Reading me like a book now!
Attached Image (click to enlarge)
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Thank You
  • #23,272
  • Jul 20, 2012 9:20am Jul 20, 2012 9:20am
Quoting wormboy
2277 & 2260 actually. Reading me like a book now!
U are always a bitch..but cant call u a worthless bitch
I don't want a job, i want money!
  • #23,273
  • Jul 20, 2012 9:27am Jul 20, 2012 9:27am
Quoting dario1002
U are always a bitch..but cant call u a worthless bitch
hehe
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Thank You
  • #23,274
  • Jul 20, 2012 10:37am Jul 20, 2012 10:37am
Quoting mloistianto
oh cmon... Eu create a lower low please...
oh well. beer money.. easy trade.. im closing all my short here. going to have a great weekend.. bye.
  • #23,275
  • Jul 20, 2012 10:39am Jul 20, 2012 10:39am
Quoting dario1002
happy?
LOL.. yep.. not much, 86 pips.. but enough for me.. i'm holding this short since yesterday..

have a great weekend.
  • #23,276
  • Jul 20, 2012 11:28am Jul 20, 2012 11:28am
Likewise, clearing my euro shorts & going flat into the weekend. Price is now stalled at the W1 pivot support, I don't reckon it's gonna go today. We'll see how it is next week.

Have a good weekend everyone
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Thank You
  • #23,277
  • Jul 23, 2012 1:46am Jul 23, 2012 1:46am
Quoting Marquis
Hi there,

I know of a few indicators on MT4 that you can download corresponding to this method however they are inaccurate. The indicators I use are a paid service on my Bloomberg terminal

dude.. i wanted to ask how is the bloomberg service.. is it worthing the payment???
I don't want a job, i want money!
  • #23,278
  • Jul 24, 2012 6:22am Jul 24, 2012 6:22am
Quoting dario1002
dude.. i wanted to ask how is the bloomberg service.. is it worthing the payment???
ciao dario,

well my office provides this for me so I get to use it virtually free of charge. It is a nice addition in terms of keeping up to date with equity markets, news and other things however by no means necessary to trade FX.
Money is the result derived from the execution of a skillset
  • #23,279
  • Edited Jul 25, 2012 5:35am Jul 24, 2012 7:37pm | Edited Jul 25, 2012 5:35am
Hi Morning...

I see no retracement in this bearish movement. Most likely we will breach 1.5490 in GU and EU also..

well.. it seems the bull is in control now.
  • #23,280
  • Edited 11:10am Jul 25, 2012 8:19am | Edited 11:10am
Enterin short on euro@ 1.2149..

not sure about this. CLosed @ 1.2133.. nite peops
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