The WoRmHoLe | Page 76 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better-than-the-wormhole 555 replies

Attachments: The WoRmHoLe
Exit Attachments

The WoRmHoLe

  • #1,501
  • Jun 25, 2009 12:27pm Jun 25, 2009 12:27pm
Quoting wormboy
Re-entered short with a smaller position (0.3) on tl bounce.

GBP JPY

1. short @157.26 sl @158.50

Okay goodnite
gnite bro..HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
  • #1,502
  • Jun 25, 2009 6:42pm Jun 25, 2009 6:42pm
Quoting wormboy
PO triggered.

Could be premature since the h4 had not close clearly off the ltl but I won't stop the trade since h1 had already shown a clear break. Small position, worth the shot.

GBP USD

PO triggered
1. short @6355 sl @ 6540

good luck
Trade closed as price confirmed to still be in range on the h4.

GBP USD

1. short @6355 closed @6373
Thank You
  • #1,503
  • Jun 25, 2009 7:33pm Jun 25, 2009 7:33pm
Quoting sycho
gnite bro..HOLLA
CAPTAIN Sycho..
lol what's up bro. haven't seen your posting here for a while. Don't be a strainger.
Good luck with the exams btw
Thank You
  • #1,504
  • Jun 25, 2009 7:38pm Jun 25, 2009 7:38pm
Quoting wormboy
lol what's up bro. haven't seen your posting here for a while. Don't be a strainger.
Good luck with the exams btw
lol.will sure post around..just easing down on the gear as my exam's encroach further..best of luck bro..see u around..HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
  • #1,505
  • Jun 25, 2009 7:40pm Jun 25, 2009 7:40pm
Quoting wormboy
Re-entered short with a smaller position (0.3) on tl bounce.

GBP JPY

1. short @157.26 sl @158.50

Okay goodnite
Trade closed.

GBP JPY

1. short @157.26 closed @157.31
Thank You
  • #1,506
  • Jun 25, 2009 7:48pm Jun 25, 2009 7:48pm
GBP JPY

1. long @157.22 sl @155.95
Thank You
  • #1,507
  • Edited 8:28pm Jun 25, 2009 8:11pm | Edited 8:28pm
Here's the reason why I closed short & went long.
Seems like we're in a new bullish channel. If so, let's hope for dragon to punch through the 159 level.
Attached Image (click to enlarge)
Click to Enlarge Name: gj4a.JPG Size: 81 KB
Thank You
  • #1,508
  • Jun 25, 2009 11:26pm Jun 25, 2009 11:26pm
Quoting wormboy
Here's the reason why I closed short & went long.
Seems like we're in a new bullish channel. If so, let's hope for dragon to punch through the 159 level.
LOng entered. Lets pray now.
Great Bodies are Engineered not Born
  • #1,509
  • Jun 26, 2009 12:05am Jun 26, 2009 12:05am
Hi Wormboy,

Currently all my Gu Trades were closed yesterday at 290 as I mentioned and boy am I happy to have taken profits...

Currently all text book chart patterns/Candlestick patterns and correlative market trading are either out of sync or not tradeable....

The options of swing is impossible as your result would have been nada the number of times you would have shorted it in the 1.65 region you would have come out at be....

Seems like the best way to make pips is too either

1. Scalp at base point
2.Wait for the actual break out..

I would like a break out so I can buy in dips or sell on retracement, but I dont think I would trade the actual break out as there has been too many false break outs....

I guess after break out you would easily be able to make 100 pips per retracement trade...

Let me know your thoughts buddy.

I am only going post all my analysis on your thread from now on buddy..

GeppyG

Good Luck

Have a piptastic day
Let Price determine your future!
  • #1,510
  • Jun 26, 2009 12:19am Jun 26, 2009 12:19am
GeppyG welcome bro
Thank You
  • #1,511
  • Jun 26, 2009 12:31am Jun 26, 2009 12:31am
Have a look at this graph
Attached Image (click to enlarge)
Click to Enlarge Name: weekly.JPG Size: 104 KB
Let Price determine your future!
  • #1,512
  • Jun 26, 2009 12:36am Jun 26, 2009 12:36am
Quoting Geppyg
Have a look at this graph
So basically what I am trying to say is....We could end up having a very beautiful year....as we might have a nice 1500 pip range...$$$$

If we are near a top....Which I think we are.....I dont think we will see much higher than 1.6960......

so Place your stops there if you are swing trading.....and short cable with a free spirit in the 6600 -6960 without any stress...

Good Luck

Geppy G
Let Price determine your future!
  • #1,513
  • Jun 26, 2009 2:07am Jun 26, 2009 2:07am
Hi Azim just stop to give you my 2 cents .I think today will be the last selling day for majors ,so I am short on euro from 1.4050 and will TP at 1.3950 or 1.3900 after today next week will be up move ,cheers and good luck to all P.S. I could be wrrrong LOL
  • #1,514
  • Jun 26, 2009 2:58am Jun 26, 2009 2:58am
Quoting wormboy
GBP JPY

1. long @157.22 sl @155.95
Book half of the position.

GBP JPY

1. long @157.22 closed @158.11 (1.0 lotsize)

Remaining trade safe. Stop amended.

GBP JPY

1. long @157.22 sl @157.30

Thank You
  • #1,515
  • Jun 26, 2009 3:08am Jun 26, 2009 3:08am
Quoting Geppyg
So basically what I am trying to say is....We could end up having a very beautiful year....as we might have a nice 1500 pip range...$$$$

If we are near a top....Which I think we are.....I dont think we will see much higher than 1.6960......

so Place your stops there if you are swing trading.....and short cable with a free spirit in the 6600 -6960 without any stress...

Good Luck

Geppy G
Might is a good word. Shows you are a ready to accept the fact that trades doesn't always go as planned. And I agree with you completely.
Having said that, I'll still retain of only buying after when price break & close to the upside of the utl

Green pips to you bro
Thank You
  • #1,516
  • Jun 26, 2009 3:18am Jun 26, 2009 3:18am
Quoting wormboy
Might is a good word. Shows you are a ready to accept the fact that trades doesn't always go as planned. And I agree with you completely.
Having said that, I'll still retain of only buying after when price break & close to the upside of the utl

Green pips to you bro
hey bro can v go short in GU or wait for 66 or 6550???please tell

Ub
  • #1,517
  • Jun 26, 2009 3:18am Jun 26, 2009 3:18am
We're still consolidating.
Expect the utl top resistance to be tested again today (6540 level).
How pa reacts today at that level will leave us a clue of how to approach trading cable next week. Close above 6540/6600 level and chances are we are heading further upwards. Else, we consolidate further & test the ltl.
Attached Image (click to enlarge)
Click to Enlarge Name: gu4y.JPG Size: 75 KB
Thank You
  • #1,518
  • Jun 26, 2009 3:20am Jun 26, 2009 3:20am
Quoting sofia101
Hi Azim just stop to give you my 2 cents .I think today will be the last selling day for majors ,so I am short on euro from 1.4050 and will TP at 1.3950 or 1.3900 after today next week will be up move ,cheers and good luck to all P.S. I could be wrrrong LOL
Why do you think it's the last selling day sofia?
Good luck with your trade!
Thank You
  • #1,519
  • Jun 26, 2009 3:22am Jun 26, 2009 3:22am
Quoting ubaidahsan
hey bro can v go short in GU or wait for 66 or 6550???please tell

Ub
Watch how price react at the resistance level ub & wait till you spot weakness (ie reversal pattern )before selling.

Good luck
Thank You
  • #1,520
  • Jun 26, 2009 4:15am Jun 26, 2009 4:15am
Quoting wormboy
Book half of the position.

GBP JPY

1. long @157.22 closed @158.11 (1.0 lotsize)

Remaining trade safe. Stop amended.

GBP JPY

1. long @157.22 sl @157.30

Closed another half of the remaining position. Possible top reversal formation spotted on h1 chart.

GBP JPY

1. long @157.22 closed @157.94 (0.5 lotsize)

Remaining position remain unchanged.

GBP JPY

1. long 157.22 sl @157.30
Thank You
7 traders viewing now