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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #2,161
  • Jul 31, 2009 4:54am Jul 31, 2009 4:54am
Quoting wormboy
GBP USD

1. short @6542 sl @6600 TP @6220 (0.5)


Down to breakeven in total this month. Hopefully I get my cake with this trade.

Okay I'm outta here. Laters
bro i am in sam trade too with same SL you are not trading GJ today???i am holding short since yesterday is it ok or what do you suggest about GJ??

Ub
  • #2,162
  • Jul 31, 2009 6:13am Jul 31, 2009 6:13am
Quoting wormboy
I'm off for the weekend for the national spl competition so I'll be leaving the final short positions opened with tp set at 6220.

See you guys monday. Good luck
Hmm, spl competition? Only thing I can think of when I was studying electronic engineering (a long time ago!) I remember talking about spl being sound pressure level.

You been spending your trading spoils on a pimped out ride with big sound system?
  • #2,163
  • Jul 31, 2009 8:17am Jul 31, 2009 8:17am
Good morning
  • #2,164
  • Jul 31, 2009 8:26am Jul 31, 2009 8:26am
Quoting sofia101
Good morning
good morning sofia and sure this morning is very good morning for al of us


Ub
  • #2,165
  • Jul 31, 2009 11:13am Jul 31, 2009 11:13am
Quoting ubaidahsan
good morning sofia and sure this morning is very good morning for al of us


Ub
let see ub whether we have good time or not.......
  • #2,166
  • Jul 31, 2009 11:35am Jul 31, 2009 11:35am
Quoting elixerripple
let see ub whether we have good time or not.......
well it was a good day but suddenly it turn oops but i closed my GJ in Profit but sorry to say in very very less profit but its ok and better then loss and about GU it is still open i will counter it from reversal point and sure in next week will recover all losses and will make good money next week i am disheart coz my GJ show me 2 times 70+ and i havent closed it but its ok better luck next time...my 6th scence saying that next week will be good and lucky if she dives to 64xx or 65xx so it will be great otherwise i will have to wait for right time

best of luck....will enter in GJ also but let it reach till 59xx or 60xx

let see what happens on monday...best of luck guys and sure next week will be luck for all of us...

UB
  • #2,167
  • Jul 31, 2009 1:05pm Jul 31, 2009 1:05pm
Quoting ubaidahsan
well it was a good day but suddenly it turn oops but i closed my GJ in Profit but sorry to say in very very less profit but its ok and better then loss and about GU it is still open i will counter it from reversal point and sure in next week will recover all losses and will make good money next week i am disheart coz my GJ show me 2 times 70+ and i havent closed it but its ok better luck next time...my 6th scence saying that next week will be good and lucky if she dives to 64xx or 65xx so it will be great otherwise i will have...
nothin to b tensed my dear friend... should have heart like a whale while playing the game.... cable may reach to 68xx... thou i wish it may turn in favour of both of us....
m having a short near 67xx.... let see wat it makes for us at the end of this month.... best of luck to you.....
  • #2,168
  • Jul 31, 2009 2:20pm Jul 31, 2009 2:20pm
Quoting ubaidahsan
well it was a good day but suddenly it turn oops but i closed my GJ in Profit but sorry to say in very very less profit but its ok and better then loss and about GU it is still open i will counter it from reversal point and sure in next week will recover all losses and will make good money next week i am disheart coz my GJ show me 2 times 70+ and i havent closed it but its ok better luck next time...my 6th scence saying that next week will be good and lucky if she dives to 64xx or 65xx so it will be great otherwise i will have...
please learn to accept the risk of the trade, what your doing is very dangerous...it will lead to a complete wipe out one day..i pray it doesnt come to this
  • #2,169
  • Jul 31, 2009 3:17pm Jul 31, 2009 3:17pm
Quoting uksnowman
Hmm, spl competition? Only thing I can think of when I was studying electronic engineering (a long time ago!) I remember talking about spl being sound pressure level.

You been spending your trading spoils on a pimped out ride with big sound system?
Perhaps he's competing in the Scottish Premier League.

Singapore Pokemon League? Gotta catch 'em all! Wormboy, I choose you!
  • #2,170
  • Jul 31, 2009 3:25pm Jul 31, 2009 3:25pm
Quoting wormboy
GBP USD

1. short @6542 sl @6600 TP @6220 (0.5)


Down to breakeven in total this month. Hopefully I get my cake with this trade.

Okay I'm outta here. Laters

Trade stopped out.

GBP USD

1. short @6542 stopped @6600 (0.5)

Welp, a losing month. We'll see if August will be better.
Thank You
  • #2,171
  • Jul 31, 2009 3:28pm Jul 31, 2009 3:28pm
Small short placed before close.

GBP USD

1. short @6706 sl @6795 (0.3)

Will put up a chart once I get back to my workstation on Monday.
Enjoy the weekend, I'm going back to bed lol.
Thank You
  • #2,172
  • Jul 31, 2009 3:29pm Jul 31, 2009 3:29pm
Quoting wormboy
Trade stopped out.

GBP USD

1. short @6542 stopped @6600 (0.5)

Welp, a losing month. We'll see if August will be better.
what doesnt kill u will make u stronger..august WILL be better..good weekend to u pal
  • #2,173
  • Jul 31, 2009 3:32pm Jul 31, 2009 3:32pm
Quoting uksnowman
Hmm, spl competition? Only thing I can think of when I was studying electronic engineering (a long time ago!) I remember talking about spl being sound pressure level.

You been spending your trading spoils on a pimped out ride with big sound system?

Yup sound pressure level. Malaysian finals over the weekend.
lol and no, I don't pimp my ride with trading money
I have a couple of stereo shops of my own ... it's all about the benjamins brother
i can add you to facebook if you have an account. I have some pics of our rides up there.

Have a good weekend rich
Thank You
  • #2,174
  • Jul 31, 2009 3:33pm Jul 31, 2009 3:33pm
Quoting daffy
Perhaps he's competing in the Scottish Premier League.

Singapore Pokemon League? Gotta catch 'em all! Wormboy, I choose you!
lol, bit too old for pokemon I'm afraid
Thank You
  • #2,175
  • Jul 31, 2009 3:38pm Jul 31, 2009 3:38pm
Quoting nAVIN2007
what doesnt kill u will make u stronger..august WILL be better..good weekend to u pal
Thanks brother.
Yup, it happens. This is the second losing month of the year for me, but I manage to keep this one short of -1% so it's quite possible to make it back by next week hopefully.
Nice call on the longs btw Nav , I should remember not to trade when being tied up with other things. Completely missed out the H4 utl breach when I pulled the second short. That was careless.

Okay enjoy your weekend bro
Thank You
  • #2,176
  • Aug 2, 2009 8:47am Aug 2, 2009 8:47am
Quoting nAVIN2007
please learn to accept the risk of the trade, what your doing is very dangerous...it will lead to a complete wipe out one day..i pray it doesnt come to this
i can understand what do you want to say but its my Badluck i saw 2 times 70+ but i havent closed it and that is why now my trade is in - but i countered it let see how it plays but now i put SL on both before tha ti put SL on that last trade but when is see green pips so i removed sl and was away for 2 hours and when i came back to i was shock to see my trades but better luck next time thanks to you and wromie i am learning day by day thanks once again..but what do you think about next week where we can go next week?

Ub
  • #2,177
  • Edited 9:40am Aug 2, 2009 9:18am | Edited 9:40am
Quoting ubaidahsan
i can understand what do you want to say but its my Badluck i saw 2 times 70+ but i havent closed it and that is why now my trade is in - but i countered it let see how it plays but now i put SL on both before tha ti put SL on that last trade but when is see green pips so i removed sl and was away for 2 hours and when i came back to i was shock to see my trades but better luck next time thanks to you and wromie i am learning day by day thanks once again..but what do you think about next week where we can go next week?

Ub
To be a excellent trader it is required to just play out the trade..till your desired target is reached ...u cant get emotionally involved while in profit.. cause what will happen is u will alway lose more than u gain..simply cause u cut the winning decisions short...The profit/loss ratio will be wrong..this is all math

"This is the very reason why trading is difficult, its not the chart or the direction we fight..its ourselves bro!"
One way or other we gotta find a solution to this...lucky has nothing to do with it..u entered the trade and knew the risk assuming u had a stop and it failed, its part of trading..

iF every1 had no emotion and traded every1 would be rich..stop thinking your unlucky it will only amplify in trading..u saw the profit and its like u gained the pips and market took it back and u feel worse..this is bad trading pyschology but 95% have this....that what we need to change.

i hope im making sense.....
  • #2,178
  • Aug 2, 2009 9:36am Aug 2, 2009 9:36am
Hi Azim,

Regarding post # 2171, could you please share why your stop loss is 1.6795? The reason I ask is because the previous high from June 30 is 1.6744 and, it seems to me that if that level gets taken out, there could quite possibly be a momentum surge upward that could take out your stop as well? I'm sure you have good reason for 1.6795 (to do with trendlines I assume or the Oct 10 low of 1.6786?) and am trying to figure it out in my preparations for the week.

Also, I know you're a position trader, but if 1.6744 were to get breached, would you consider trying a long scalp breakout, with very tight stop?

Regards.
  • #2,179
  • Aug 2, 2009 9:41am Aug 2, 2009 9:41am
Excellent post Navin. You really know what you're talking about and what it takes. Truly "words of wisdom".
  • #2,180
  • Aug 2, 2009 11:00am Aug 2, 2009 11:00am
Hey buddy, Hope you a great weekend and a good comp.!

Now you know I don't use indicators but I have a separate chart I've been letting this DeMark TL one run on. Check out what it said for Friday on the 4H...LOL

Hmmmmm............lol
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