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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #23,561
  • Oct 1, 2012 5:45am Oct 1, 2012 5:45am
Quoting albchr
I don't think that UTL is set up right bro. Second point should be the high of 8/14/11 me thinks. But even so, 6165 is the line in the sand for me. But then, you know how different feeds look too. On mine, last week closed clearly below that TL.

can u draw a chart please?? not quite sure what u see
I don't want a job, i want money!
  • #23,562
  • Oct 1, 2012 6:55am Oct 1, 2012 6:55am
Quoting dario1002
can u draw a chart please?? not quite sure what u see
Sorry bro, just saw this. The arrow marks the date I mentioned and you can see how last week closed on my feed. The Blue UTL is weekly.

I really believe TL's are an important tool but this is why to me at least, horizontal S/R is more important. The difference between feeds can really change the results of a trend line (I think?) but price is price so horizontal is stronger I think.

I have sigtrader too and it shows a different close in relation to that TL.
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Ghost Rider - WWTBMD?
  • #23,563
  • Oct 1, 2012 6:59am Oct 1, 2012 6:59am
Quoting GlobalMacro
True...it's all about money...let's make some off of these markets!

yo G how are u buddy?
  • #23,564
  • Oct 1, 2012 7:21am Oct 1, 2012 7:21am
Quoting nAVIN2007
yo G how are u buddy?
Doing fine bro, thanks...you havin' a good day out there?
Hear the music before the song is over ...
  • #23,565
  • Oct 1, 2012 7:26am Oct 1, 2012 7:26am
Quoting GlobalMacro
Doing fine bro, thanks...you havin' a good day out there?
not really i was looking to short cable and euro but i cannot..i agree with ya dario..if anything longs are on..(dario nice charts bro, good prospective i think)

good news g i got out of that blasted trade

its like the charts are wired with explosive..wrong move u finished

how about u g..u in any trades?
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  • #23,566
  • Oct 1, 2012 7:34am Oct 1, 2012 7:34am
Quoting nAVIN2007
not really i was looking to short cable and euro but i cannot..i agree with ya dario..if anything longs are on..(dario nice charts bro, good prospective i think)

good news g i got out of that blasted trade

its like the charts are wired with explosive..wrong move u finished

how about u g..u in any trades?
Congrats on the exit!

Well...on the euro we had good rally up mid-summer...but now rangebound.....

so how do feel after that ultra long term trade? staying on that track or switching timeframes?
Hear the music before the song is over ...
  • #23,567
  • Oct 1, 2012 7:42am Oct 1, 2012 7:42am
Quoting GlobalMacro
Congrats on the exit!

Well...on the euro we had good rally up mid-summer...but now rangebound.....

so how do feel after that ultra long term trade? staying on that track or switching timeframes?

thanks bro..well since i exit..im quite determined to day trade i cut a trade on friday i was short ...and normally i would have held bro..bro after that long episode.. i decided to change to day trading..

no money in holding..unless u consider it investment!!..good news is i think i have become more patient..

looking for an entery..some kind of rejection or breakout

i think she building to go higher..kinda an inverse h&s i expect the she trying to go up..towards 1.62-1.6250 area
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  • #23,568
  • Oct 1, 2012 7:52am Oct 1, 2012 7:52am
Quoting nAVIN2007
thanks bro..well since i exit..im quite determined to day trade i cut a trade on friday i was short ...and normally i would have held bro..bro after that long episode.. i decided to change to day trading..

no money in holding..unless u consider it investment!!..good news is i think i have become more patient..

looking for an entery..some kind of rejection or breakout

i think she building to go higher..kinda an inverse h&s i expect the she trying to go up..towards 1.62-1.6250 area
I'm focusing more on yoorow nowadays...scalping short the top of the range towards mids intraday today...

btw bro...if you're day trading with no overnight positions in mind...it's pretty late in the day right now...better try scalps around FF/LDN open...otherwise there's danger of staying overnight....unless you're swinging which is a whole different ball game...
Hear the music before the song is over ...
  • #23,569
  • Oct 1, 2012 7:55am Oct 1, 2012 7:55am
Quoting GlobalMacro
I'm focusing more on yoorow nowadays...scalping short the top of the towards mids intraday today...

btw bro...if you'Re day trading with no overnight positions in mind...it's pretty late in the day right now...better try scalps around FF/LDN open...otherwise there's danger of staying overnight....unless you're swinging which is a whole different ball game...

will bear this in mind
  • #23,570
  • Oct 1, 2012 8:00am Oct 1, 2012 8:00am
Quoting albchr
Sorry bro, just saw this. The arrow marks the date I mentioned and you can see how last week closed on my feed. The Blue UTL is weekly.

I really believe TL's are an important tool but this is why to me at least, horizontal S/R is more important. The difference between feeds can really change the results of a trend line (I think?) but price is price so horizontal is stronger I think.

I have sigtrader too and it shows a different close in relation to that TL.

agreed.... that is the so called static supports and dinamic supports.. this is an activtrades chart. I absolutely know what u are talking about... different feeds might give u 3-5 pips difference on the lower TFs, which might become 50 pips on the highet TFs. Anyway my trendline was drawed as yours, i just edited it and made it wider to point it out what i was referring to. This is froma nother broker... slightly different... but the idea is the same.

Thanks NAv... basically i dont have a definite view... will wait and see
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I don't want a job, i want money!
  • #23,571
  • Oct 1, 2012 8:30am Oct 1, 2012 8:30am
looks like good old euro wants to bust through today's high...
Hear the music before the song is over ...
  • #23,572
  • Edited 8:52am Oct 1, 2012 8:41am | Edited 8:52am
Quoting dario1002
Thanks NAv... basically i dont have a definite view... will wait and see
cable looks very difficult to call..its like a 60 % long 40 % short type scenero..nothing really to give weight to any direction
both long and short have almost a chance..but its definately more bullish than bearish longer term..?

intraday bear flag
any thoughts?
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  • #23,573
  • Oct 1, 2012 10:23am Oct 1, 2012 10:23am
Quoting nAVIN2007

intraday bear flag
any thoughts?
Nav, are you looking to trade through Asian session?
Hear the music before the song is over ...
  • #23,574
  • Oct 1, 2012 11:21am Oct 1, 2012 11:21am
Quoting GlobalMacro
looks like good old euro wants to bust through today's high...
EUR/USD chart...
Attached Image
Hear the music before the song is over ...
  • #23,575
  • Oct 1, 2012 12:12pm Oct 1, 2012 12:12pm
Quoting GlobalMacro
Nav, are you looking to trade through Asian session?
i wanted to trade through asian session.. then i saw this...

Inserted Video
I don't want a job, i want money!
  • #23,576
  • Oct 1, 2012 12:45pm Oct 1, 2012 12:45pm
Quoting dario1002
i wanted to trade through asian session.. then i saw this...
Absolutely...
Venues like that are tradable "through" and "through"...and "through"
Hear the music before the song is over ...
  • #23,577
  • Oct 1, 2012 1:17pm Oct 1, 2012 1:17pm
Quoting GlobalMacro
Nav, are you looking to trade through Asian session?

all depends on the setup..im tempted to short cable..but i think it cant breakout till it hits 1.6277 area again..
if it goes there im shorting hehe
  • #23,578
  • Oct 1, 2012 11:37pm Oct 1, 2012 11:37pm
Quoting nAVIN2007
all depends on the setup..im tempted to short cable..but i think it cant breakout till it hits 1.6277 area again..
if it goes there im shorting hehe
You know why I asked you that question, now don't you, Nav?!
Hear the music before the song is over ...
  • #23,579
  • Oct 2, 2012 12:42am Oct 2, 2012 12:42am
Quoting GlobalMacro
You know why I asked you that question, now don't you, Nav?!
GM!! Long time man. How ya been brother?
Ghost Rider - WWTBMD?
  • #23,580
  • Oct 2, 2012 12:53am Oct 2, 2012 12:53am
Quoting GlobalMacro
You know why I asked you that question, now don't you, Nav?!

yeah bud..took a chance on short euro

if it work out we go much lower i think
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