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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #1,381
  • Jun 16, 2009 4:02am Jun 16, 2009 4:02am
Quoting wormboy
Good morning guys. Remaining stop amended again.

1. short @4003 sl @3900

Good luck
Right. That's the end of this trade

Euro Dollar

1. short @4003 stopped @3900
Thank You
  • #1,382
  • Jun 16, 2009 5:05am Jun 16, 2009 5:05am
GBP USD

1. short @6439 sl @6490 tp @6320

Earlier chart : http://www.forexfactory.com/attachme...6&d=1245142146



Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gu1c.JPG Size: 63 KB
Thank You
  • #1,383
  • Jun 16, 2009 6:01am Jun 16, 2009 6:01am
Quoting wormboy
GBP USD

1. short @6439 sl @6490 tp @6320

Earlier chart : http://www.forexfactory.com/attachme...6&d=1245142146



Good luck
Hey WB, a question about your TP. Why have you placed it at that level? I thought I saw you post that you expected it to below 1.6000, and you usually have open ended profit targets.
  • #1,384
  • Jun 16, 2009 7:37am Jun 16, 2009 7:37am
Quoting wormboy
GBP USD

1. short @6439 sl @6490 tp @6320

Earlier chart : http://www.forexfactory.com/attachme...6&d=1245142146



Good luck

Woops, that was shortlived.

1. short @6439 stopped @6490
Thank You
  • #1,385
  • Jun 16, 2009 7:39am Jun 16, 2009 7:39am
Quoting daffy
Hey WB, a question about your TP. Why have you placed it at that level? I thought I saw you post that you expected it to below 1.6000, and you usually have open ended profit targets.
The tp was placed slightly above the possible H&S neckline. Had to put it as I saw the 4hr ltl rising right to that level & could possibly bounce from there on. Welp, anyway, that trade is out the window now
Thank You
  • #1,386
  • Jun 16, 2009 8:41am Jun 16, 2009 8:41am
Quoting wormboy
Woops, that was shortlived.

1. short @6439 stopped @6490

Owh now you decide to go down!! Motherfu@*er!
Thank You
  • #1,387
  • Jun 16, 2009 8:58am Jun 16, 2009 8:58am
Quoting wormboy
Owh now you decide to go down!! Motherfu@*er!
That brings me to my other observation about your trade. I thought you would have put the SL above 6500, given that you were putting it at 6490 anyway. It would only have been another 20 pips or so, and would have given you two levels of resistance for price to break through.

Any reason why you didn't do that?
  • #1,388
  • Jun 16, 2009 8:59am Jun 16, 2009 8:59am
Quoting wormboy
Owh now you decide to go down!! Motherfu@*er!
Cable loves you really, she's just being a tease to keep you hungry for more
  • #1,389
  • Jun 16, 2009 9:01am Jun 16, 2009 9:01am
Quoting daffy
That brings me to my other observation about your trade. I thought you would have put the SL above 6500, given that you were putting it at 6490 anyway. It would only have been another 20 pips or so, and would have given you two levels of resistance for price to break through.

Any reason why you didn't do that?
No particular reason really ...
Thank You
  • #1,390
  • Jun 16, 2009 9:02am Jun 16, 2009 9:02am
Quoting daffy
Cable loves you really, she's just being a tease to keep you hungry for more
Oh no, I'll sit on my hands for now & be a good boy. There'll be a better setup

Dragon looks like a winner ... hmmmmm
Thank You
  • #1,391
  • Jun 16, 2009 9:46am Jun 16, 2009 9:46am
Quoting wormboy
Owh now you decide to go down!! Motherfu@*er!<img data-emoji="r...?v=15.1">
hahha..don't go pumpum shooting 2day bro..let her decide the new direction..then we nail her fry...Holla
CAPTAIN Sycho
Imanuel Parsifal
  • #1,392
  • Jun 16, 2009 11:08am Jun 16, 2009 11:08am
Earlier post & chart : http://www.forexfactory.com/showpost...postcount=1375

Okay. Placing half a full lot on this. 12 hours have showed valid selling with retracement failing to pullback above the s/r level on the 4 hourly.
Will close the trade manually if price close above the s/r & move the stops gradually once price starts scaling down. High 151 is the projected target as it stands on the daily tl as we speak. Let's see how this goes.

GBP JPY

1. short @158.53 sl @ 161.95

Good luck Azim
Attached Image (click to enlarge)
Click to Enlarge Name: drat4.JPG Size: 75 KB
Thank You
  • #1,393
  • Jun 17, 2009 3:09am Jun 17, 2009 3:09am
Quoting wormboy
Earlier post & chart : http://www.forexfactory.com/showpost...postcount=1375

Okay. Placing half a full lot on this. 12 hours have showed valid selling with retracement failing to pullback above the s/r level on the 4 hourly.
Will close the trade manually if price close above the s/r & move the stops gradually once price starts scaling down. High 151 is the projected target as it stands on the daily tl as we speak. Let's see how this goes.

GBP JPY

1. short @158.53 sl @ 161.95

Good luck Azim
Closed partial trade (3/5) with the remaining still going.

GBP JPY

1. short @158.53 closed @157.48 (3/5 of position)

Remaining position.

GBP JPY

1. short @158.53 sl @161.95
Thank You
  • #1,394
  • Edited 10:47am Jun 17, 2009 5:22am | Edited 10:47am
Quoting wormboy
Closed partial trade (3/5) with the remaining still going.

GBP JPY

1. short @158.53 closed @157.48 (3/5 of position)

Remaining position.

GBP JPY

1. short @158.53 sl @161.95
Taking 50% of the remaining position of the table

GBP JPY

1. short @ 158.53 closed @156.72 (1/2 of position)

Remaining stop amended.

1. short @158.53 sl @160.4
Thank You
  • #1,395
  • Jun 17, 2009 9:04am Jun 17, 2009 9:04am
Placing a small trade (0.2 lotsize on cable).
We're diving.

GBP USD

1. short @6259 sl @6510 tp @5300

stops will be amended once price close in on the low of 5900 level.

Good luck
Thank You
  • #1,396
  • Jun 17, 2009 9:16am Jun 17, 2009 9:16am
Quoting wormboy
Placing a small trade (0.2 lotsize on cable).
We're diving.

GBP USD

1. short @6259 sl @6510 tp @5300

stops will be amended once price close in on the low of 5900 level.

Good luck
bro can i go short with you now???and tp are you sure about it?

Ub
  • #1,397
  • Jun 17, 2009 9:29am Jun 17, 2009 9:29am
Bro WB. pls see PM
  • #1,398
  • Jun 17, 2009 10:49am Jun 17, 2009 10:49am
Quoting wormboy
Taking 50% of the remaining position of the table

GBP JPY

1. short @ 158.53 closed @156.72 (1/2 of position)

Remaining stop amended.

1. short @158.53 sl @160.4
Okay. Remaining trade safe.

GBP JPY

1. short @158.53 sl @158.40
Thank You
  • #1,399
  • Jun 17, 2009 11:00am Jun 17, 2009 11:00am
Quoting ubaidahsan
bro can i go short with you now???and tp are you sure about it?

Ub
Trade decision is entirely up to you my friend. I'm just stating what I'm currently trading. Please reasses your risk tolerance if you're going to take this trade. As you can see, I have banked in quite a healthy amount from the earlier gbp jpy trade, so assuming this trade goes against me, my loss would not be too much to handle. Btw, this current cable trade on my side is worth only usd2/pip but on a very wide stop. If you are going to trade full lots I suggest you look the other way unless your account is large enough to handle the drawdown.
Regarding tp, you know how it is with me, I will move my stops & lock the profits in as the trade progress. This is a long term trade on my part & 5300 is the desired target. We'll see.

Please trade at your own risk my friend. I am not providing any signal service here, just logging in my trade positions. Good luck
Thank You
  • #1,400
  • Jun 18, 2009 1:01am Jun 18, 2009 1:01am
Received a few pm regarding my stance on EU. Tho, I'm no longer trading the pair atm, my bias is still down. Price needs to close above the 4hr utl channel as illustrated on the attached chart below for a change in major direction imho. Watch closely the boxed area. Good luck.

These were earlier charts :
http://www.forexfactory.com/showpost...postcount=1353
http://www.forexfactory.com/showpost...postcount=1379
Attached Image (click to enlarge)
Click to Enlarge Name: eu4a.JPG Size: 66 KB
Thank You
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