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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #661
  • Mar 30, 2009 12:16am Mar 30, 2009 12:16am
Quoting wormboy
Okay. One trade to take over the weekend. Taken profit from shorts off the table & loaded longs back as it seems the pullback is now complete. Rejection at tl7 with Usd Jpy surviving the support test prompted the move. The weekly rounded bottom is pretty much in play for a longer term bullish outlook. We'll see how the daily close today for a further confirmation. 141.7 level is still key & a break above the level and I will add to my position. However, should price breach and close below tl7, the trade will be closed.
Good luck & enjoy your weekend....
Okay, weekend position at the 4 hour close due to the breakout.
[email protected] [email protected]
Thank You
  • #662
  • Mar 30, 2009 12:23am Mar 30, 2009 12:23am
Okay. Taking the reversed position on dragon & will be looking to amend sl @135.5 level. A break below the support & I'll be looking to add to the position. However I am anticipating a pullback from the support level before a further fall. Let's see how this goes.

[email protected] [email protected]

Good luck
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  • #663
  • Mar 30, 2009 12:57am Mar 30, 2009 12:57am
Forgot totally about 137.75 support level. Tho not a major support, worth keeping an eye on.
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  • #664
  • Mar 30, 2009 1:18am Mar 30, 2009 1:18am
Quoting wormboy
Okay. Taking the reversed position on dragon & will be looking to amend sl @135.5 level. A break below the support & I'll be looking to add to the position. However I am anticipating a pullback from the support level before a further fall. Let's see how this goes.

[email protected] [email protected]

Good luck
Took out half of the position @137.1 and amended sl for the remaining position..
[email protected] [email protected]

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  • #665
  • Mar 30, 2009 2:23am Mar 30, 2009 2:23am
Quoting wormboy
Took out half of the position @137.1 and amended sl for the remaining position..
[email protected] [email protected]

The remaining short stop is amended.
[email protected] [email protected]
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  • #666
  • Mar 30, 2009 2:49am Mar 30, 2009 2:49am
bro what is cable update for today??thanks fo last week updates got good results keep it up

Ub
  • #667
  • Mar 30, 2009 3:01am Mar 30, 2009 3:01am
Ub, cable is no trade for me atm since we are still in this consolidation zone.
4150 level had provided stiff support before in the past, it probably will not break so easily, but who knows. Good risk reward if you scalp tho tbh.
Your call entirely bro
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  • #668
  • Mar 30, 2009 3:19am Mar 30, 2009 3:19am
Quoting wormboy
The remaining short stop is amended.
[email protected] [email protected]
Closed out the remaining position and ready to swing

[email protected] [email protected]

Thank You
  • #669
  • Mar 30, 2009 3:25am Mar 30, 2009 3:25am
Okay, this could prolly come back to bite me in the @#!, but the rejection at the 135.5 support level and decreasing selling pressure prompted this move.
Starting off with a small position and looking to build it up progressively. First target to amend stop is a close above 137.75 level.
Good luck

[email protected] [email protected] [0.2 lotsize]
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  • #670
  • Edited 8:32am Mar 30, 2009 8:07am | Edited 8:32am
Quoting wormboy
Okay, this could prolly come back to bite me in the @#!, but the rejection at the 135.5 support level and decreasing selling pressure prompted this move.
Starting off with a small position and looking to build it up progressively. First target to amend stop is a close above 137.75 level.
Good luck

[email protected] [email protected] [0.2 lotsize]
Okay position closed.
[email protected] [email protected]
We are diving again. Could be wrong tho, but let's see
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  • #671
  • Mar 30, 2009 8:14am Mar 30, 2009 8:14am
Welp, I'm short again. Good risk reward for me here, so let's see how this goes.

GBP JPY

[email protected] [email protected] [0.3 lotsize]
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  • #672
  • Mar 30, 2009 11:57am Mar 30, 2009 11:57am
Quoting wormboy
Welp, I'm short again. Good risk reward for me here, so let's see how this goes.

GBP JPY

[email protected] [email protected] [0.3 lotsize]
crap. stopped out. welp, you don't win all the time
okay out for now. gnite & good luck
Thank You
  • #673
  • Mar 30, 2009 7:11pm Mar 30, 2009 7:11pm
Quoting Inzider

I really think so. It make us a 5-0 pattern
PRZ can extend to 1.4150 maximum for a valid pattern...
ABC pattern from yesterday call complete, next target for a Gartley is 1.4536/1.4649 then 1.3918....

Good trade all!
  • #674
  • Mar 30, 2009 7:48pm Mar 30, 2009 7:48pm
Good morning.
Looks like the bounce off 135.5 support level was valid & I was wrong about the initial call for a pullback @ 137.xx levels.
This is what it looks like on the hourly atm. Steep climb, any breakout and the wheels will come off. The 4hourly looks interesting too, albeit too early to assume, a possibility of a H&S formation taking place is in. Purely speculation atm but should it plays out, we'll be ready, no longs for me unless 141.7 resistance gets taken out.
Good luck
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  • #675
  • Mar 31, 2009 12:29am Mar 31, 2009 12:29am
Okay. It's the last day of the month & I have somewhat exceeded my monthly quota by 200%, why the hell not, taking this trade with 1 full lot.

GBP JPY

[email protected] [email protected]
[3/4 profit will be taken once price close in on 139.00 level with the remaining left to work]

Good luck
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  • #676
  • Mar 31, 2009 1:08am Mar 31, 2009 1:08am
I don't pick up my trades from 5mtf, too much adrenaline lol, but tl's broken too. Good luck.
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  • #677
  • Mar 31, 2009 3:20am Mar 31, 2009 3:20am
No trade for me still. I'll wait for the breakout to take position. Good luck
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  • #678
  • Mar 31, 2009 4:01am Mar 31, 2009 4:01am
Good job on getting twice your target for the month! Although it does show a lack of discipline ... a more disciplined trader would have stopped at 100%.

Out of interest, what sort of targets do you set for yourself? Is it pip based or is it based on percentage increase of account?
  • #679
  • Mar 31, 2009 4:09am Mar 31, 2009 4:09am
Lol, there is no stopping my friend. This is a business, no room for laziness
Btw, I have a monthly target of 15%. No trade or daily targets. So up till this current trade with geppy I'm up 50%+ for the month. Should be good if this current trade works out. We'll see
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  • #680
  • Mar 31, 2009 5:34am Mar 31, 2009 5:34am
And to think that I posted this up 4 hours ago! Bloody hell, that's a steep climb to go all the way. Grrr ..
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