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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #24,021
  • Feb 10, 2013 4:41pm Feb 10, 2013 4:41pm
UJ H4 W1

found something interesting - take a look:

potential for H&S on H4 with NL at 2010 swing high close, weekly chart

happy new year btw
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  • #24,022
  • Feb 10, 2013 8:19pm Feb 10, 2013 8:19pm
Quoting wormboy
Opened new position

1. long @1.3395 sl @1.2970 (5.0)

2. long @1.3504 sl @1.2970 (1.0)
Trades closed

1. long @1.3395 closed @1.3371 (5.0)

2. long @1.3504 closed @1.3371 (1.0)
Thank You
  • #24,023
  • Feb 10, 2013 8:21pm Feb 10, 2013 8:21pm
Quoting Marquis
we now have bearish engulfing candle on the weekly... I am still selling.
I agree with you.

Gotta rethink my trade strategies, the long term approach hasn't been giving me good returns since the turn of the year.
Thank You
  • #24,024
  • Feb 11, 2013 2:30am Feb 11, 2013 2:30am
Quoting wormboy
I agree with you.

Gotta rethink my trade strategies, the long term approach hasn't been giving me good returns since the turn of the year.
my friend I learned this approach from you
Money is the result derived from the execution of a skillset
  • #24,025
  • Feb 11, 2013 3:05am Feb 11, 2013 3:05am
the central banks have been doing crazy sh@ts in these days... normally they were making their stuff, without public declarations. This time BOJ and BOE have clearly declared that they want a weak currency, causing the yen to fall down as well as the Pound. After Draghi speech, nonetheless, euro started to fall down. Probably the market has always been manipulated by Central banks, but i dont remember a time when it was so public.

My point is.... long term trades now are difficult... unless u werent shorting Yen.

I say lets go back to the good old hourly or 4h or daily trades...
I don't want a job, i want money!
  • #24,026
  • Feb 11, 2013 3:10am Feb 11, 2013 3:10am
Quoting dario1002
something to watch

that was right....too bad i just didnt catch it!!
I don't want a job, i want money!
  • #24,027
  • Feb 11, 2013 3:48am Feb 11, 2013 3:48am
Quoting wormboy
I agree with you.

Gotta rethink my trade strategies, the long term approach hasn't been giving me good returns since the turn of the year.
Sorry for your recent hits buddy. But I wouldn't jump ship on your longer term methods just yet. I've actually found turning to a longer term path has helped me this year. Maybe it's just a question of timing? I could be completely wrong here Azim but I'd hate to see you second guess yourself over a few trades gone wrong.

As you know I've always been a pretty short term trader. Taking several trades a day/week and playing the bounces both ways. As such, I may have been watching the higher TF's like week and month but I wasn't paying "close" attention to them. Like most traders I guess, I still enter/exit trades off the 4H and lower but now I'm actually focused on weekly and above (even up to 4 years) to give me a better "feel" for what's possibly coming next. I take far fewer trades now but seem to have better results as a percentage especially since the start of this year where some volitility has finally returned.

Anyway, I'd never pretend to give advice to someone who's taught me so much but perhaps it's just some food for thought?

As always buddy all my best to you and your family and wish your son a Happy Birthday for me. I forget the exact day but I'm pretty sure it's the same month as me
Ghost Rider - WWTBMD?
  • #24,028
  • Feb 11, 2013 7:28am Feb 11, 2013 7:28am
euro is really messeed up.... on the hourly chart there is either a bullish divergence, either a bearish flag....

who will win?
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I don't want a job, i want money!
  • #24,029
  • Feb 12, 2013 3:25am Feb 12, 2013 3:25am
still the same situation as yesterday but........ some new formation on the hourly chart...
Attached Image (click to enlarge)
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I don't want a job, i want money!
  • #24,030
  • Feb 13, 2013 1:17pm Feb 13, 2013 1:17pm
hey bunch of muppets, where are u?
I don't want a job, i want money!
  • #24,031
  • Feb 20, 2013 9:39pm Feb 20, 2013 9:39pm
Cable ... a thousand pips down & I did not even take 1. Geez
Thank You
  • #24,032
  • Feb 20, 2013 9:43pm Feb 20, 2013 9:43pm
Quoting wormboy
Cable ... a thousand pips down & I did not even take 1. Geez
I didnt either bro.. and i saw the bearish divergence on the weekly chart! it completely caught me off guard. Check out EUR/JPY... might be worth a watch. I think there will be a lot of movement after the parabolic rise of USD/JPY.
Money is the result derived from the execution of a skillset
  • #24,033
  • Feb 21, 2013 1:35am Feb 21, 2013 1:35am
Man this market is really being difficult... the situation is totally driven by central bank... BOE making quantitative easing (pound weaker), Americans getting out of quantitative easying (dollar stronger)= cable down like a rock and breaking the 53 kick ass level.

BOJ planning to shit Yen = everything goes higher agains yen.

Euro is having a problem of credibility ... so we need a stronger euro... and now it will be fun to see what is about to happen against dollar.

Bottom line... Yen down, sterling down, dollar up, euro up...

All this bunch of bullshit is making me sweat in my pants because there is nothing technical about it... just a bunch of bitches toying with their own coins...

Btw... if i were u i would be more concernd about the 25 figures eurjpy made in a month
I don't want a job, i want money!
  • #24,034
  • Feb 22, 2013 9:56am Feb 22, 2013 9:56am
dude... u're thoughs over 1.53 kick ass level cable?
I don't want a job, i want money!
  • #24,035
  • Mar 7, 2013 8:53am Mar 7, 2013 8:53am
Hello guys, why so quit here?

chart bellow is my opinion... what Azim teach me, H&S is major formation, and if it is on weekly ... well this is something which I trust... time will tell...
hope all of you doing well
Attached Image (click to enlarge)
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  • #24,036
  • Mar 8, 2013 1:56am Mar 8, 2013 1:56am
Quoting scurt
Hello guys, why so quit here?

chart bellow is my opinion... what Azim teach me, H&S is major formation, and if it is on weekly ... well this is something which I trust... time will tell...
hope all of you doing well

hello dude

so quiet in here because nobody posts... and even when somebody does, nobody else answer... little bit lonely in here

i am not sure that is a good inverted head and shoulder... for couple of reasons. Except for the fact that the neckline is rather "not orizontal" (and that is a minor reason), by the book the moment when a H&S is invalidated is when the TL that connect the head and the right shouldes is violated (and that happened about 100 pips up from here) OR we get bech under the right side of the neckline (and we went there and even down). This being told, 1.30-1.2950 is a decent SR level and we bounced from there. If u even consider that we missed a "falling 2" pattern (monday tuesday and wed) and yesterday we had a nice daily candle whose body is full, strong, and bigger than the previous 4 daily candle, we can still move up, but if i were u id lock somehow my position. Lately eurusd is just politically-driven (those fucking italians!!!), so everyday there can be any news that make euro fly or fall down... think that yesterday draghi brought eurusd up..

well sorry for no chart... cant post ATM, but will do if necessary to better explain my view

cheers bro
I don't want a job, i want money!
  • #24,037
  • Mar 8, 2013 2:18am Mar 8, 2013 2:18am
and by the way... happy 8th of march bitches!
I don't want a job, i want money!
  • #24,038
  • Mar 8, 2013 8:29pm Mar 8, 2013 8:29pm
Quoting scurt
Hello guys, why so quit here?

chart bellow is my opinion... what Azim teach me, H&S is major formation, and if it is on weekly ... well this is something which I trust... time will tell...
hope all of you doing well

Quoting dario1002
hello dude

so quiet in here because nobody posts... and even when somebody does, nobody else answer... little bit lonely in here

i am not sure that is a good inverted head and shoulder... for couple of reasons. Except for the fact that the neckline is rather "not orizontal" (and that is a minor reason), by the book the moment when a H&S is invalidated is when the TL that connect the head and the right shouldes is violated (and that happened about 100 pips up from here) OR we get bech under the right side of the neckline (and we went there...

Hi guys ... hope you're both doing well

Speaking of euro, just keep an eye on this one. Looks bearish bigtime. Good luck!
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Thank You
  • #24,039
  • Mar 11, 2013 6:55am Mar 11, 2013 6:55am
any though on cable??
I don't want a job, i want money!
  • #24,040
  • Mar 11, 2013 7:01am Mar 11, 2013 7:01am
Quoting dario1002
any though on cable??
weekly chart - short term support at 785 for a bounce i reckon - but ultimately 1.44 beckons
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