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The WoRmHoLe

  • #23,721
  • Oct 10, 2012 10:52am Oct 10, 2012 10:52am
Quoting albchr
Lord I hope not.

so, you're short cable, huh? , Chris...
Hear the music before the song is over ...
  • #23,722
  • Oct 10, 2012 10:59am Oct 10, 2012 10:59am
Quoting GlobalMacro

so, you're short cable, huh? , Chris...
Flat ATM.

Had a small long this morning from 6000 and took a couple pips. Was hoping she'd get to 6080/6100 to load shorts but I don't think she'll get there now.

Dollar looks on the rise and the pound is falling again. Kinda no man's land right now but looking for 5800 overall.
Ghost Rider - WWTBMD?
  • #23,723
  • Oct 10, 2012 12:07pm Oct 10, 2012 12:07pm
Quoting albchr
Flat ATM.

Had a small long this morning from 6000 and took a couple pips. Was hoping she'd get to 6080/6100 to load shorts but I don't think she'll get there now.

Dollar looks on the rise and the pound is falling again. Kinda no man's land right now but looking for 5800 overall.
I see...
that pullback though post-NFP was a 200-pipper...hope you made some good money off of it as well.
Hear the music before the song is over ...
  • #23,724
  • Oct 10, 2012 12:16pm Oct 10, 2012 12:16pm
Quoting GlobalMacro
I see...
that pullback though post-NFP was a 200-pipper...hope you made some good money off of it as well.
Sooo...you're thinking the drop was just a retrace and the bulls are back to resume the uptrend?

Made some lost some on it. Bit of a tough situation at home so my attention isn't what it should be. Have made some mistakes for sure bro.
Ghost Rider - WWTBMD?
  • #23,725
  • Oct 10, 2012 12:27pm Oct 10, 2012 12:27pm
Quoting albchr
Sooo...you're thinking the drop was just a retrace and the bulls are back to resume the uptrend?

Made some lost some on it. Bit of a tough situation at home so my attention isn't what it should be. Have made some mistakes for sure bro.
I did expect a pullback on friday...the market took it too seriously tho and did a nose-dive, so some correction should be on the cards.
That being said, it's more or less a chop shop situation atm.
Hear the music before the song is over ...
  • #23,726
  • Oct 10, 2012 12:30pm Oct 10, 2012 12:30pm
Quoting GlobalMacro
I did expect a pullback on friday...the market took it too seriously tho and did a nose-dive, so some correction should be on the cards.
That being said, more or less it's a chop shop situation atm.
Yeah I agree. I'm staying clear of GU for now. I can't trade this dog slow PA...LOL
Ghost Rider - WWTBMD?
  • #23,727
  • Oct 10, 2012 2:31pm Oct 10, 2012 2:31pm
Quoting GlobalMacro
Hi Marquis, are you thinking about going long on this pair right now?
Hey there! No I am flat as well... got burned pretty bad holding too big a position long cable and then it decided to do a 180. However I am seriously thinking of selling EUR/USD..

What are your thoughts ?
Money is the result derived from the execution of a skillset
  • #23,728
  • Oct 10, 2012 3:01pm Oct 10, 2012 3:01pm
azim ! how do u do ?

fuck the euro ! drop baby drop :-p

Attached Image (click to enlarge)
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best,
Jonas
Hero calls followed by margin calls...
  • #23,729
  • Oct 10, 2012 3:01pm Oct 10, 2012 3:01pm
Quoting albchr
Flat ATM.

Had a small long this morning from 6000 and took a couple pips. Was hoping she'd get to 6080/6100 to load shorts but I don't think she'll get there now.

Dollar looks on the rise and the pound is falling again. Kinda no man's land right now but looking for 5800 overall.
hey buddy !

long time no hear.... how do you do ?

hope all is green n fine?

best,
Jonas
Hero calls followed by margin calls...
  • #23,730
  • Oct 10, 2012 11:12pm Oct 10, 2012 11:12pm
Quoting Marquis
Hey there! No I am flat as well... got burned pretty bad holding too big a position long cable and then it decided to do a 180. However I am seriously thinking of selling EUR/USD..

What are your thoughts ?
I hear you...
Also on the sidelines atm, waiting for a good setup...
Hear the music before the song is over ...
  • #23,731
  • Oct 11, 2012 9:11am Oct 11, 2012 9:11am
ok old school trade... 7h id daily trend + inversion pattern... short eur with SL right over 65.. lets see
I don't want a job, i want money!
  • #23,732
  • Oct 11, 2012 9:16am Oct 11, 2012 9:16am
Quoting dario1002
ok old school trade... 7h id daily trend + inversion pattern... short eur with SL right over 65.. lets see
Dario can you pls explain the 7hour rule?
Money is the result derived from the execution of a skillset
  • #23,733
  • Oct 11, 2012 9:23am Oct 11, 2012 9:23am
Quoting Marquis
Dario can you pls explain the 7hour rule?

actually... its nothing too difficult, azim noticed that a trend, when its well defined, lasts for about 6-7-8 hours... then it retraces...
if the movement goes over these period of time, normally the retracement is even deeper.

Basically u just wanna get 7 hourly candle that define a trend intraday, and look for some pattern of inversion at the end of it, and countertrade..

safe? enough.. but with this crazy market, who knows...
I don't want a job, i want money!
  • #23,734
  • Oct 11, 2012 1:31pm Oct 11, 2012 1:31pm
Quoting dario1002
ok old school trade... 7h id daily trend + inversion pattern... short eur with SL right over 65.. lets see

ok out of it... just a bunch of pips but what I noticed, the best retracement after the7 h id trend goes for 3-4 hours...

i dont want to leave for the night a trade with such tight SL... so guys.. good night
I don't want a job, i want money!
  • #23,735
  • Oct 12, 2012 1:20am Oct 12, 2012 1:20am
ok guys... long cable... a bit risky as we are under WP and MP... but we have an inverted H%S on the hourly chart... wish me luck guys
I don't want a job, i want money!
  • #23,736
  • Oct 12, 2012 1:31am Oct 12, 2012 1:31am
Quoting dario1002
ok guys... long cable... a bit risky as we are under WP and MP... but we have an inverted H%S on the hourly chart... wish me luck guys
Good Luck!
Hear the music before the song is over ...
  • #23,737
  • Oct 12, 2012 1:34am Oct 12, 2012 1:34am
Quoting dario1002
ok guys... long cable... a bit risky as we are under WP and MP... but we have an inverted H%S on the hourly chart... wish me luck guys
in the same boat. Good luck to us both!
Money is the result derived from the execution of a skillset
  • #23,738
  • Oct 12, 2012 1:41am Oct 12, 2012 1:41am
Quoting dario1002
ok guys... long cable... a bit risky as we are under WP and MP... but we have an inverted H%S on the hourly chart... wish me luck guys
Good luck bro! Hope you kill it!
Ghost Rider - WWTBMD?
  • #23,739
  • Oct 12, 2012 1:42am Oct 12, 2012 1:42am
Quoting Marquis
in the same boat. Good luck to us both!

there is even the inversion pattern on the daily (guys i always mess with the patterns name, thats why i dont write them...it should be a morning star.. but i am not sure about THE NAME)
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I don't want a job, i want money!
  • #23,740
  • Oct 12, 2012 1:44am Oct 12, 2012 1:44am
Quoting dario1002
there is even the inversion pattern on the daily (guys i always mess with the patterns name, thats why i dont write them...it should be a morning star.. but i am not sure about THE NAME)
also a nice bullish piercing candle on the 1HR chart... thats the reason I entered
Money is the result derived from the execution of a skillset
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