The WoRmHoLe | Page 190 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better-than-the-wormhole 555 replies

Attachments: The WoRmHoLe
Exit Attachments

The WoRmHoLe

  • #3,781
  • Nov 6, 2009 2:05am Nov 6, 2009 2:05am
Quoting lessonlearnt
when it breaks 6623, i feel like breaking my laptop !!!
maybe you are risking too much.

listen, here's the trick. everytime you feel uneasy about the drawdown you are holding, close one position. Keep doing it till you feel comfortable. If you still are feeling uneasy when the position you are holding is left at the minimum, that means you are undercapitalised. If that is the case, close your position & reevaluate your position sizing before you place a new order.
Risk management & emotional control goes hand in hand.

Good luck
Thank You
  • #3,782
  • Nov 6, 2009 2:13am Nov 6, 2009 2:13am
Quoting wormboy
lucky methinks

good job on the long mate
I've been watching you, and I'm on to you...

Looks like it's not so much "luck" but "skill"
  • #3,783
  • Nov 6, 2009 2:57am Nov 6, 2009 2:57am
Quote
maybe you are risking too much.

actually I havent taken any position since my last -250 pips.

I was just drawing and drawing and drawing trend lines on my chart and have been evaluating the up of today's long...and feel 6623 is the max cause it just keeps bouncing down on that line (like a cheap porn star) lol.

I would start trading again when i feel really confident abt my technical analysis,maybe in the next two to three weeks or more.

Good luck and thanks mate.
Yeah I know !!!
  • #3,784
  • Nov 6, 2009 5:12am Nov 6, 2009 5:12am
D day.

My bearish days are nearing the end.
If the inv H&S plays out & utl goes, I will be buying bigtime.
However atm, i am feverishly selling lol.

Get in NFP!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 52 KB
Click to Enlarge Name: cablea.JPG Size: 77 KB
Thank You
  • #3,785
  • Nov 6, 2009 7:23am Nov 6, 2009 7:23am
Still holding my position from earlier.

http://www.forexfactory.com/showpost...postcount=3774

Breakout topside I will close my position.
Breakout downside I will add to it.

Good luck azim
Attached Image (click to enlarge)
Click to Enlarge Name: gy5a.JPG Size: 74 KB
Thank You
  • #3,786
  • Nov 6, 2009 7:32am Nov 6, 2009 7:32am
Quoting wormboy
GBP JPY

1. short @150.66 sl @153.3 (0.1)

Trade closed

GBP JPY

1. short @150.66 closed @149.11 (0.1)
Thank You
  • #3,787
  • Nov 6, 2009 7:41am Nov 6, 2009 7:41am
Closed on minor supp zone.
Will re enter later.
Attached Image (click to enlarge)
Click to Enlarge Name: gy5a.JPG Size: 76 KB
Thank You
  • #3,788
  • Nov 6, 2009 7:54am Nov 6, 2009 7:54am
if dragon goes to 147.75 in a straight line i'd be pissed
Thank You
  • #3,789
  • Nov 6, 2009 9:58am Nov 6, 2009 9:58am
Whatever happen to emotional control. lol. My fingers are so itchy really want to sell at 6593. Don't know whether its the trend i see or just pure emotion.
Yeah I know !!!
  • #3,790
  • Nov 6, 2009 11:53am Nov 6, 2009 11:53am
Quoting wormboy
Stops removed.

GBP USD

1. short @6458 sl @NA (0.1)

2. short @6403 sl @NA (0.1)

3. short @6387 sl @NA (0.1)

4. short @6510 sl @NA (0.1)
Added to position

GBP USD

1. short @6458 sl @NA (0.1)

2. short @6403 sl @NA (0.1)

3. short @6387 sl @NA (0.1)

4. short @6510 sl @NA (0.1)

5. short @6606 sl @6660 (0.6)
Thank You
  • #3,791
  • Nov 6, 2009 11:56am Nov 6, 2009 11:56am
Subltl breakout confirms selling position.
Excellent rr as far as I'm concerned.
Let's see how this goes.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1z.JPG Size: 90 KB
Thank You
  • #3,792
  • Nov 6, 2009 12:23pm Nov 6, 2009 12:23pm
Quoting wormboy
Added to position

GBP USD

1. short @6458 sl @NA (0.1)

2. short @6403 sl @NA (0.1)

3. short @6387 sl @NA (0.1)

4. short @6510 sl @NA (0.1)

5. short @6606 sl @6660 (0.6)
we dont rattle easy brother!!!!!!!!!
  • #3,793
  • Nov 6, 2009 1:14pm Nov 6, 2009 1:14pm
Quoting nAVIN2007
we dont rattle easy brother!!!!!!!!!
WE DONT!!
Thank You
  • #3,794
  • Nov 6, 2009 1:33pm Nov 6, 2009 1:33pm
Quoting wormboy
Added to position

GBP USD

1. short @6458 sl @NA (0.1)

2. short @6403 sl @NA (0.1)

3. short @6387 sl @NA (0.1)

4. short @6510 sl @NA (0.1)

5. short @6606 sl @6660 (0.6)
I guess you think this puppy is gonna drop huh?

Kinda got interupted there on skype bro. have a great weekend!
Ghost Rider - WWTBMD?
  • #3,795
  • Nov 6, 2009 2:31pm Nov 6, 2009 2:31pm
Quoting wormboy
Added to position

GBP USD

1. short @6458 sl @NA (0.1)

2. short @6403 sl @NA (0.1)

3. short @6387 sl @NA (0.1)

4. short @6510 sl @NA (0.1)

5. short @6606 sl @6660 (0.6)

Think maybe you're a bit biased lol.
  • #3,796
  • Edited Nov 7, 2009 2:18am Nov 6, 2009 2:37pm | Edited Nov 7, 2009 2:18am
Quoting wormboy
Added to position

GBP USD

1. short @6458 sl @NA (0.1)

2. short @6403 sl @NA (0.1)

3. short @6387 sl @NA (0.1)

4. short @6510 sl @NA (0.1)

5. short @6606 sl @6660 (0.6)
Reinforced stops.

GBP USD

1. short @6458 sl @6660 (0.1)

2. short @6403 sl @6660 (0.1)

3. short @6387 sl @6660 (0.1)

4. short @6510 sl @6660 (0.1)

5. short @6606 sl @6660 (0.6)


Welp, been a good week for me.
The same cant be said for cable lol.
Overall I am up by 2.5% this week, about usd1506.25 to be precise. The total stop loss accumulated for this cable trade is usd1206.00 So that leaves me still about 300usd in profit IF this trade fails. I can afford to be biased stew
I am just pointing this out to some of the new friends around here that this is how I trade. In this case, even a loss on all those positions will not harm my account, it'll just reduce this week's gain.

Okay, be back next week. Have a good one
Thank You
  • #3,797
  • Nov 6, 2009 5:59pm Nov 6, 2009 5:59pm
I think the path next week is going to be pretty simple...Look at how dragon and dow jones are looking.

Im holding a net short on Dragon from around 150.35. Looking at targets of 146, 145.50, 143.20, and eventually 139.00.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dowh4.gif Size: 27 KB
Click to Enlarge Name: dowdaily.gif Size: 20 KB
Click to Enlarge Name: dowweekly.gif Size: 22 KB
Click to Enlarge Name: dragonweekly.jpg Size: 84 KB
Going to make it big by age 21.
  • #3,798
  • Nov 6, 2009 9:00pm Nov 6, 2009 9:00pm
2 alternate scenario counts....both point down for now
Attached Image (click to enlarge)
Click to Enlarge Name: dragoncount.jpg Size: 113 KB
Going to make it big by age 21.
  • #3,799
  • Nov 7, 2009 4:46am Nov 7, 2009 4:46am
Quoting dstryr
I think the path next week is going to be pretty simple...Look at how dragon and dow jones are looking.

Im holding a net short on Dragon from around 150.35. Looking at targets of 146, 145.50, 143.20, and eventually 139.00.
From what I see, this can still go either way tbh.
I will stay away from dragon for the time being. PA seems to be in a bottleneck and breakout is imminent either way you look at it. Question is which way?
From chart a. attached below there is an inverted H&S formation waiting to play out topside. On chart b. there's the complex H&S formation waiting to play out downside. Whichever way this thing breaks out, it's gonna be big, quite possibly a thousand pip move either way.
I'll wait for the breakout methinks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dra1.JPG Size: 73 KB
Click to Enlarge Name: dra2.JPG Size: 77 KB
Thank You
  • #3,800
  • Nov 7, 2009 2:16pm Nov 7, 2009 2:16pm
Azim,

Hang on to those shorts I think you'll be in the money....I hate cable but.............

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 115 KB
8 traders viewing now