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Better-than-the-wormhole

  • #361
  • Jul 29, 2013 9:30am Jul 29, 2013 9:30am
Quoting dario1002
{quote} dont tell it to any girl
  • #362
  • Jul 30, 2013 1:09am Jul 30, 2013 1:09am
so guys.... here we are with EU at the same level as yesterday...

Cable, ranging after yesterday's fall (mike i hope u got that).. I see more potential for the downside if the pair doesnt reach 5380 rather fast... so basically shorts should be safe unless we have a solid daily close over 5380

On the other side, usdx is under some important level.. Watching the previous PA, if we didnt get over 81.85 in the next 2 days after we broke it on the downside.. it means there is more space till at least 81.25... so.. be careful and adjust ur SL accordingly. Nothing very operative on the higher TFs... possibly another range day for trading..
Attached Image (click to enlarge)
Click to Enlarge Name: usdxdaily.png Size: 109 KB
I don't want a job, i want money!
  • #363
  • Jul 30, 2013 1:12am Jul 30, 2013 1:12am
Something more to take in consideration.... this week there will be lots and lots of news... from tomorrow we're gonna be on the rollercoaster... so, lets note give back our gains!!!
I don't want a job, i want money!
  • #364
  • Jul 30, 2013 1:13am Jul 30, 2013 1:13am
Quoting dario1002
so guys.... here we are with EU at the same level as yesterday... Cable, ranging after yesterday's fall (mike i hope u got that).. I see more potential for the downside if the pair doesnt reach 5380 rather fast... so basically shorts should be safe unless we have a solid daily close over 5380 On the other side, usdx is under some important level.. Watching the previous PA, if we didnt get over 81.85 in the next 2 days after we broke it on the downside.. it means there is more space till at least 81.25... so.. be careful and adjust ur SL accordingly....

looking for a close under 1.53 today..i have noticed gbp with no news seems to drops..lets see...ofcourse dailly yeasterday give higher chances of bear pouce

Quoting dario1002
Something more to take in consideration.... this week there will be lots and lots of news... from tomorrow we're gonna be on the rollercoaster... so, lets note give back our gains!!!

true..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 70 KB
  • #365
  • Jul 30, 2013 1:44am Jul 30, 2013 1:44am
dario my view on indexes:-

gbp looking bear..weekly is adding pressure to monthly if monthly closes with a bear print..i think ascending trendline will break..leading to weekness
and USD looks like its found support see brown box on left of meh chart

we could see a powerful move on cable south

meh concerns..this year cable has been below 1.6..not good bullish sign
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdlfxweekly.png Size: 75 KB
Click to Enlarge Name: gbplfxmonthly.png Size: 50 KB
  • #366
  • Jul 30, 2013 2:36am Jul 30, 2013 2:36am
Could we just get back to 1.5200 area maybe? that would be nice. and the montly will be a total bear if tomorrow we could close below 1.5. wishful thinking eh? what do u think?
  • #367
  • Jul 30, 2013 2:56am Jul 30, 2013 2:56am
Quoting mloistianto
Could we just get back to 1.5200 area maybe? that would be nice. and the montly will be a total bear if tomorrow we could close below 1.5. wishful thinking eh? what do u think?

what i see is that the index on gbp is weak..and monthly candle needs to close around 1.55 to keep me optimistic about bull run..for the downside a close below 1.54 means cable is right up against it

not easy hence my hedge..its risky to long this..is what gut tells me
  • #368
  • Jul 30, 2013 2:56am Jul 30, 2013 2:56am
Quoting nAVIN2007
dario my view on indexes:- gbp looking bear..weekly is adding pressure to monthly if monthly closes with a bear print..i think ascending trendline will break..leading to weekness and USD looks like its found support see brown box on left of meh chart we could see a powerful move on cable south meh concerns..this year cable has been below 1.6..not good bullish sign {image} {image}

the new governer of BOE is carney... he is an old fashion guy that likes his currency to be weak in order to boost the economy. We can see the poweful move down of the beginning of the year....

This being said... the US is still doing the quantitative easying in order to boost the economy.. in other words, they are both fighting to get the currency weaker. In europe we are smarter obviously.. and even if we have a sh@t load of problems... 5 countries on the verge of collapse, no stability and no actual power of influencing the currency by our ECB, german doesnt like the currency weaker...Added up we have some very strong euro without any real motivation for it!.

So after all these funnymental.. euro is basically ranging between 33 and 27 already since feb... (it would be more correct to say between 3180 and 27 as we spent all in all 3 weeks over 3170), while cable is ranging between 56 and 48.

For cable 53 has been a tough level to break on the downside for 3 years... and now we are just ranging over it. On the longer term charts 56 signs the difference between a strong and a weak pound.. and we spent all the year (till now) under it. So me thinking.. cable is ready to explode on the downside...and it will happen as soon as US will say that they no longer need the QE (figures are getting better and better). Till that moment (that might be this weekend or in december or next year) i dont see it really going anywhere further than this range (8 figures range gives us plenty of possibilities). There is no rush in it and personally i still consider 53 as a line in the sand..
I don't want a job, i want money!
  • #369
  • Jul 30, 2013 3:04am Jul 30, 2013 3:04am
Quoting dario1002
{quote} the new governer of BOE is carney... he is an old fashion guy that likes his currency to be weak in order to boost the economy. We can see the poweful move down of the beginning of the year.... This being said... the US is still doing the quantitative easying in order to boost the economy.. in other words, they are both fighting to get the currency weaker. In europe we are smarter obviously.. and even if we have a sh@t load of problems... 5 countries on the verge of collapse, no stability and no actual power of influencing the currency by...

holy crap it was exhausting to write all this... i need 1 week break now!!!
I don't want a job, i want money!
  • #370
  • Jul 30, 2013 3:05am Jul 30, 2013 3:05am
Quoting dario1002
{quote} the new governer of BOE is carney... he is an old fashion guy that likes his currency to be weak in order to boost the economy. We can see the poweful move down of the beginning of the year.... This being said... the US is still doing the quantitative easying in order to boost the economy.. in other words, they are both fighting to get the currency weaker. In europe we are smarter obviously.. and even if we have a sh@t load of problems... 5 countries on the verge of collapse, no stability and no actual power of influencing the currency by...

thanks for input bro..great summary for me as i have hardly been looking at the chart and the funnymetals..i have no damn idea
i agree makes total sense..i see it too..the currencies are being devalued..euro has lost 3k pips whilst cable is actually relatively, quite strong
  • #371
  • Jul 30, 2013 6:24am Jul 30, 2013 6:24am
Quoting chazzle
still in long on GU

long no more ... in and out, repairing some damage

UJ M15

like the look of this bullish outside bar on UJ - see if it produces some pips ...
Attached Image (click to enlarge)
Click to Enlarge Name: BUOB.PNG Size: 36 KB
  • #372
  • Jul 30, 2013 6:40am Jul 30, 2013 6:40am
Quoting chazzle
{quote} long no more ... in and out, repairing some damage UJ M15 like the look of this bullish outside bar on UJ - see if it produces some pips ... {image}
UJ M15

... not bad, now flat ahead of news
Attached Image (click to enlarge)
Click to Enlarge Name: f.PNG Size: 31 KB
  • #373
  • Jul 30, 2013 6:42am Jul 30, 2013 6:42am
Quoting chazzle
{quote} long no more ... in and out, repairing some damage UJ M15 like the look of this bullish outside bar on UJ - see if it produces some pips ... {image}

Hi m8..u doing forex full time still?..how is it going?
  • #374
  • Jul 30, 2013 6:47am Jul 30, 2013 6:47am
Quoting chazzle
{quote} UJ M15 ... not bad, now flat ahead of news {image}

I don't want a job, i want money!
  • #375
  • Jul 30, 2013 6:48am Jul 30, 2013 6:48am
Quoting chazzle
{quote} UJ M15 ... not bad, now flat ahead of news {image}

good one..nerves of steal
cable monthly aint looking great
  • #376
  • Jul 30, 2013 6:50am Jul 30, 2013 6:50am
Quoting nAVIN2007
{quote} Hi m8..u doing forex full time still?..how is it going?
... not full time Nav, no - not there yet
  • #377
  • Jul 30, 2013 6:51am Jul 30, 2013 6:51am
Quoting dario1002
{quote}

  • #378
  • Edited 7:21am Jul 30, 2013 6:52am | Edited 7:21am
Quoting chazzle
{quote} ... not full time Nav, no - not there yet

u aint far off m8..
thanks god i hedged this mofo

edit:- I exited the short
  • #379
  • Jul 30, 2013 8:55am Jul 30, 2013 8:55am
Quoting mloistianto
HI im shorting GBPUSD @ 1.5400.. but this PA getting on my nerves. Im not so sure on this one except the candle close below 1.5380. Because so far the h4 candle maintain to hold above this level. What do u think?
Very interesting to stay and hold this mofo to the end of the world. But i guess , thats it for today. Im closing in here @ 1.5249. I will stay put and find another short entry next time. Good luck people.
  • #380
  • Jul 30, 2013 8:59am Jul 30, 2013 8:59am
Quoting mloistianto
{quote} Very interesting to stay and hold this mofo to the end of the world. But i guess , thats it for today. Im closing in here @ 1.5249. I will stay put and find another short entry next time. Good luck people.

i know i must be crackers
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