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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #2,181
  • Aug 2, 2009 11:21am Aug 2, 2009 11:21am
Quoting elliot_l
Excellent post Navin. You really know what you're talking about and what it takes. Truly "words of wisdom".
I wish...i just myself know this is something i need to achieve for success in this...thank u bro!

kind thoughts
  • #2,182
  • Aug 2, 2009 1:37pm Aug 2, 2009 1:37pm
Quoting albchr
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
Not only the 4 h target line, also the daily target line. And now look where the weekly TD target is....

But honestly: I use TD target for >1 year as confluience for Support and resistance. Sometimes they work, sometimes they donīt. Sometimes you see price going throug the target, then you see a target flip (change of target).
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  • #2,183
  • Aug 2, 2009 2:00pm Aug 2, 2009 2:00pm
Quoting peaches
Not only the 4 h target line, also the daily target line. And now look where the weekly TD target is....

But honestly: I use TD target for >1 year as confluience for Support and resistance. Sometimes they work, sometimes they donīt. Sometimes you see price going throug the target, then you see a target flip (change of target).
See, now on my daily it says we'll hit 7231....lol I have found the 4H projections to be the closest. That would be a nice daily target if I thought I could actually trust it. It does update itself but for the life of me I seem no pattern to it. I "think" it's just once a new high/low is created on the TF it's on.

Anyway, I don't want to clog up Azim's thread with this stuff.
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Ghost Rider - WWTBMD?
  • #2,184
  • Aug 2, 2009 2:41pm Aug 2, 2009 2:41pm
Quoting albchr
See, now on my daily it says we'll hit 7231....lol I have found the 4H projections to be the closest. That would be a nice daily target if I thought I could actually trust it. It does update itself but for the life of me I seem no pattern to it. I "think" it's just once a new high/low is created on the TF it's on.

Anyway, I don't want to clog up Azim's thread with this stuff.
if we can open above the high then that green line target technically should be reached..
  • #2,185
  • Aug 3, 2009 3:29am Aug 3, 2009 3:29am
Quoting elliot_l
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....
Hi elliot.
Sorry for the late reply. I just got home & am preparing my trades. I have not decided on other things yet as of now since I've had little preparation since being away.
But this why I pick 6795 for my stop btw. We'll see what happens from here on, assuming I don't get stopped out I'll carry on shorting. Else, I'll have to start to look for other alternatives.
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Thank You
  • #2,186
  • Aug 3, 2009 3:31am Aug 3, 2009 3:31am
Quoting wormboy
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.
welp, spoke too soon again lol.

GBP USD

1. short @6706 stopped @6795 (0.3)

back to planning my trades. laters
Thank You
  • #2,187
  • Aug 3, 2009 4:26am Aug 3, 2009 4:26am
GBP USD

1. short @6874 sl @6974 (1.0)

Good luck
Thank You
  • #2,188
  • Aug 3, 2009 4:54am Aug 3, 2009 4:54am
Quoting wormboy
GBP USD

1. short @6874 sl @6974 (1.0)

Good luck
Closed partial & moved stop for the remaining.

GBP USD

1. short @6874 closed @6825 (0.5)

Remaining stop amended.

GBP USD

1. short @6874 sl @6866 (0.5)
Thank You
  • #2,189
  • Aug 3, 2009 5:05am Aug 3, 2009 5:05am
The chart below explains the reason for the short taken.
6700 is where I look to tp if possible, before going long on the rebound if it happens. Else, I'll reenter short.

Original chart : http://www.forexfactory.com/attachme...4&d=1248945627
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Thank You
  • #2,190
  • Aug 3, 2009 5:44am Aug 3, 2009 5:44am
Quoting wormboy
The chart below explains the reason for the short taken.
6700 is where I look to tp if possible, before going long on the rebound if it happens. Else, I'll reenter short.

Original chart : http://www.forexfactory.com/attachme...4&d=1248945627
from where do you think long will be better or what is your target for long??please update bro


Ub
  • #2,191
  • Aug 3, 2009 7:23am Aug 3, 2009 7:23am
Quoting wormboy
The chart below explains the reason for the short taken.
6700 is where I look to tp if possible, before going long on the rebound if it happens. Else, I'll reenter short.

Original chart : http://www.forexfactory.com/attachme...4&d=1248945627
can you tell me how to plot that price lines....Any idea abt it...
  • #2,192
  • Aug 3, 2009 7:43am Aug 3, 2009 7:43am
Quoting amis0405
can you tell me how to plot that price lines....Any idea abt it...
These are just normal trendlines. You can look for tom demark's books to study them.
Thank You
  • #2,193
  • Aug 3, 2009 8:12am Aug 3, 2009 8:12am
Quoting wormboy
These are just normal trendlines. You can look for tom demark's books to study them.
can you specify some.....
  • #2,194
  • Aug 3, 2009 9:06am Aug 3, 2009 9:06am
Quoting amis0405
can you specify some.....
use search funktion here at FF, there are som TD threads.

Indicator I posted here:

http://www.forexfactory.com/showpost...&postcount=351

But use it with your brain.
  • #2,195
  • Aug 3, 2009 9:14am Aug 3, 2009 9:14am
Quoting wormboy
Closed partial & moved stop for the remaining.

GBP USD

1. short @6874 closed @6825 (0.5)

Remaining stop amended.

GBP USD

1. short @6874 sl @6866 (0.5)

Okay.

GBP USD

1. short @6874 stopped @6866 (0.5)
Thank You
  • #2,196
  • Aug 3, 2009 9:17am Aug 3, 2009 9:17am
Okay, reentered small position.


GBP USD

1. short @6917 sl @6950 (0.1)
Thank You
  • #2,197
  • Aug 3, 2009 10:56am Aug 3, 2009 10:56am
GBP JPY

1. short @161.16 sl @162.85 (0.3)
Thank You
  • #2,198
  • Aug 3, 2009 10:59am Aug 3, 2009 10:59am
Quoting wormboy
Okay, reentered small position.


GBP USD

1. short @6917 sl @6950 (0.1)

Trade stopped out.

GBP USD

1. short @6917 stopped @6950 (0.1)
Thank You
  • #2,199
  • Aug 3, 2009 7:03pm Aug 3, 2009 7:03pm
GBPUSD is making hell of a move, 1.70 should keep pressure down now.
Let's see!
  • #2,200
  • Aug 3, 2009 7:44pm Aug 3, 2009 7:44pm
GBP USD

1. short @6931 sl @7005
Thank You
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