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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #3,561
  • Oct 27, 2009 5:55am Oct 27, 2009 5:55am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hey Wormie,

half the world is short on GBP, and we know cable is being played by the big players atm with every sell we see tons of buyers as well.

Only DOW going down can pull it on the short side me thinks.
However, despite yesterday's drop cable managed to hang to 6300. I am on the short side but let's see how far this sucker can go. I will keep building short positions.
  • #3,562
  • Oct 27, 2009 6:47am Oct 27, 2009 6:47am
Quoting ams
Hey Wormie,

half the world is short on GBP, and we know cable is being played by the big players atm with every sell we see tons of buyers as well.

Only DOW going down can pull it on the short side me thinks.
However, despite yesterday's drop cable managed to hang to 6300. I am on the short side but let's see how far this sucker can go. I will keep building short positions.
dow & gold

time will tell if we gonna nail this one ams. Have a good one my friend
Thank You
  • #3,563
  • Oct 27, 2009 7:02am Oct 27, 2009 7:02am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Bhoooyaaaa


161300 here we come!!



Quoting wormboy
dow & gold

time will tell if we gonna nail this one ams. Have a good one my friend
  • #3,564
  • Oct 27, 2009 7:10am Oct 27, 2009 7:10am
Quoting wormboy
GBP USD

1. short @6435 sl @6585 (0.2)

Stop amended.

GBP USD

1. short @6435 sl @6430 (0.2)
Thank You
  • #3,565
  • Edited 7:55am Oct 27, 2009 7:21am | Edited 7:55am
Quoting wormboy
Stop amended.

GBP USD

1. short @6435 sl @6430 (0.2)
good stuff bro..am short as well, was waiting to see where this mofo high might hopefully we seen it
  • #3,566
  • Oct 27, 2009 8:58am Oct 27, 2009 8:58am
Quoting wormboy
Stop amended.

GBP USD

1. short @6435 sl @6430 (0.2)

Trade closed.

GBP USD

1. short @6435 closed @6338 (0.2)


Chart attached below shows why I pulled the plug.
Will reshort when price breaks below the subltl or bounce off resistance.

Same chart posted:
1. http://www.forexfactory.com/showpost...postcount=3535
2. http://www.forexfactory.com/showpost...postcount=3551
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.JPG Size: 67 KB
Thank You
  • #3,567
  • Oct 27, 2009 9:05am Oct 27, 2009 9:05am
Quoting wormboy
Trade closed.

GBP USD

1. short @6435 closed @6338 (0.2)

Ghost Rider - WWTBMD?
  • #3,568
  • Oct 27, 2009 9:34am Oct 27, 2009 9:34am
Quoting nAVIN2007
good stuff bro..am short as well, was waiting to see where this mofo high might hopefully we seen it
Nav
I just closed earlier. Not wanting close to 200 bucks back lol.
I'll sell again once we close below the ltl.
How's your trading coming bro?
Thank You
  • #3,569
  • Oct 27, 2009 10:06am Oct 27, 2009 10:06am
I am new to FX, but not to trading. Love this thread. But why has GBP/USD been going up, and EUR/USD been going down? Does this happen often? I thought they were closely correlated. Any way I am short cable from 1.6303
  • #3,570
  • Oct 27, 2009 10:13am Oct 27, 2009 10:13am
Quoting wormboy
Nav
I just closed earlier. Not wanting close to 200 bucks back lol.
I'll sell again once we close below the ltl.
How's your trading coming bro?

well i just been waiting really, not really trading, i took a short going for 1.60 stop loss at 1.6720

hopefully it goes to my take profit b4 stop loss..

yip ..as tautrader say take the 200 buck n run like carl lewis is a smart move
  • #3,571
  • Oct 27, 2009 9:56pm Oct 27, 2009 9:56pm
Quoting wormboy
Enforcing stop

GBP JPY

1. short @150.74 sl @151.30 (0.5)

Stops amended.

GBP JPY

1. short @150.74 sl @150.60 (0.5)
Thank You
  • #3,572
  • Oct 28, 2009 2:42am Oct 28, 2009 2:42am
Quoting wormboy
Stops amended.

GBP JPY

1. short @150.74 sl @150.60 (0.5)

Stops amended.

GBP JPY

1. short @150.74 sl @150.35 (0.5)
Thank You
  • #3,573
  • Oct 28, 2009 3:04am Oct 28, 2009 3:04am
Quoting wormboy
Chart below shows why. And I have taken into account that dollar is still bullish.
Time will tell if this works out. Have a good one
I've been away a while so you might have mentioned this already, but are you using correlations between pairs to assist your decision making process on when/if to enter trades?
  • #3,574
  • Oct 28, 2009 3:29am Oct 28, 2009 3:29am
GBP USD

1. short @6341 sl @6445 (0.1)
Thank You
  • #3,575
  • Oct 28, 2009 3:47am Oct 28, 2009 3:47am
Quoting daffy
I've been away a while so you might have mentioned this already, but are you using correlations between pairs to assist your decision making process on when/if to enter trades?

yep.
i use to have the usdjpy overlay over my cable chart as well to trade dragon but the latest finding of the lfxjpy chart had helped improve tremendously. So i don't look at the usdjpy that much anymore nowadays. I use the eurox, the usdx, dow, gold etc as well to help me decide.
Thank You
  • #3,576
  • Oct 28, 2009 4:01am Oct 28, 2009 4:01am
Quoting wormboy
GBP USD

1. short @6341 sl @6445 (0.1)
Added to position.

GBP USD

1. short @6341 sl @6445 (0.1)

2. short @6328 sl @6445 (0.1)
Thank You
  • #3,577
  • Oct 28, 2009 6:52am Oct 28, 2009 6:52am
From cable thread with chart.

http://www.forexfactory.com/showpost...stcount=179394
  • #3,578
  • Oct 28, 2009 7:52am Oct 28, 2009 7:52am
Quoting calderone
From cable thread with chart.

http://www.forexfactory.com/showpost...stcount=179394
good luck mike.
keep an eye on dollar
Thank You
  • #3,579
  • Oct 28, 2009 8:04am Oct 28, 2009 8:04am
Quoting wormboy
good luck mike.
keep an eye on dollar
Yes sir! Thanks for your help etc.
  • #3,580
  • Oct 28, 2009 8:41am Oct 28, 2009 8:41am
Quoting wormboy
Stops amended.

GBP JPY

1. short @150.74 sl @150.35 (0.5)

Closed partial.

GBP JPY

1. short @150.74 closed @149.36 (0.3)


Remaining trade unchanged.

GBP JPY

1. short @150.74 sl @150.35 (0.2)
Thank You
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