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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #3,841
  • Nov 9, 2009 11:44pm Nov 9, 2009 11:44pm
Quoting wormboy
GBP JPY

1. long @150.73 sl @149.15 (0.2)

Hi Azim,

I don't understand - why did you flip. What signal did u see.

I thought you were short biased, especialy with that H&S.
  • #3,842
  • Nov 9, 2009 11:49pm Nov 9, 2009 11:49pm
Anybody care to explain what just happened with the Pound? Mamma Mia

I was at the gym, had an open short order with a trailing stop. Got stopped out in massive profit, so I ain't complaining this time... But I mean, just on some comments of a rating agency (Fitch), a drop of over 100 pips is insane.
  • #3,843
  • Nov 10, 2009 12:07am Nov 10, 2009 12:07am
GU and GJ drop b/c of this:

$GBPUSD DROPS OVER 100 PIPS IN LESS THAN 10 MINUTES AFTER RATINGS AGENCY FITCH SAYS UK IS MOST AT RISK OF LOSING "AAA" CREDIT RATING
FITCH: Says Japan is unlikely to experience a "rapid economic recovery" amid a stronger yen, unemployment, and falling prices.
becarefull with long for now.

goodluck.
  • #3,844
  • Nov 10, 2009 12:23am Nov 10, 2009 12:23am
They werent wrong about the bit in the risk disclosure "forex is risky investment " 50% retractment on GU/DRAGON before bit more down ,saw the short evolving bout 5 hours ago ....the next move is bit unpredictable for me ....cheers
  • #3,845
  • Nov 10, 2009 12:24am Nov 10, 2009 12:24am
Quoting wormboy
GBP JPY

1. long @150.73 sl @149.15 (0.2)

Trade stopped out

GBP JPY

1. long @150.73 stopped @149.15 (0.2)
Thank You
  • #3,846
  • Nov 10, 2009 12:38am Nov 10, 2009 12:38am
My bias hasn't changed.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 126 KB
  • #3,847
  • Nov 10, 2009 12:59am Nov 10, 2009 12:59am
Quoting stewrigh
Hi Azim,

I don't understand - why did you flip. What signal did u see.

I thought you were short biased, especialy with that H&S.
Hi stew

I was not short biased. This is my post on Saturday:
http://www.forexfactory.com/showpost...postcount=3799

And since we're still in the tight bottleneck I just scalped off the m5 from yesterday. Which were all working fine. I am usually not around during asia session as I'm busy at the office. That had cost me dearly this time.
Had I been around I would've closed my long position & sold. There was a signal to sell on my chart.
Kicking myself a bit to see price move this big and I was not around to take advantage of it.
Welp, next trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gjm5.JPG Size: 68 KB
Click to Enlarge Name: gjm5a.JPG Size: 75 KB
Thank You
  • #3,848
  • Nov 10, 2009 1:01am Nov 10, 2009 1:01am
Im not a good web spinner like some im mainly pivot trader anyway based on my indicators is bullish but on basic resistance the blue line seems the hurdle..with equitys surging its unclear to me..ohh on the 1 hourly dragon is a buy on S3 148 ISH for a few imo ...
Attached Image (click to enlarge)
Click to Enlarge Name: dragon.gif Size: 12 KB
  • #3,849
  • Nov 10, 2009 1:09am Nov 10, 2009 1:09am
Generally the daily shows we're still in a bottleneck & both the inverted H&S & complex H&S could still play out.
I'll still look to scalp for the time being.
Good luck
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gyd.JPG Size: 69 KB
Click to Enlarge Name: gyda.JPG Size: 75 KB
Thank You
  • #3,850
  • Nov 10, 2009 1:18am Nov 10, 2009 1:18am
Nice wormy i see the same generally would like to see it touch S3 as the phase would be completed as it usually does ,so the trade now would be a sell to the S3 im not trading it as im throttling a long on UC atm...all in my novice view..
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 17 KB
  • #3,851
  • Nov 10, 2009 1:19am Nov 10, 2009 1:19am
GBP JPY

1. long @149.42 sl @148.40 tp @150.55 (0.2)
Thank You
  • #3,852
  • Nov 10, 2009 1:21am Nov 10, 2009 1:21am
Quoting trj6911
Nice wormy i see the same generally would like to see it touch S3 as the phase would be completed as it usually does ,so the trade now would be a sell to the S3 im not trading it as im throttling a long on UC atm...all in my novice view..

cheers trev. Hope the trade goes well for you. Be back in a bit.
still have tons of stuff to settle at the office. Not leaving the screen off tho this time lol.

Good luck mate
Thank You
  • #3,853
  • Nov 10, 2009 2:10am Nov 10, 2009 2:10am
4hr breakout
Attached Image (click to enlarge)
Click to Enlarge Name: dragon4hr.jpg Size: 90 KB
Going to make it big by age 21.
  • #3,854
  • Nov 10, 2009 4:17am Nov 10, 2009 4:17am
Quoting wormboy
GBP JPY

1. long @149.42 sl @148.40 tp @150.55 (0.2)
TP removed.

GBP JPY

1. long @149.42 sl @148.40 (0.2)
Thank You
  • #3,855
  • Nov 10, 2009 4:44am Nov 10, 2009 4:44am
Quoting wormboy
TP removed.

GBP JPY

1. long @149.42 sl @148.40 (0.2)

Closed partial

GBP JPY

1. long @149.42 closed @150.57 (0.1)


Remaining stop amended.

GBP JPY

1. long @149.42 sl @149.50 (0.1)
Thank You
  • #3,856
  • Nov 10, 2009 5:31am Nov 10, 2009 5:31am
Quoting wormboy
Closed partial

GBP JPY

1. long @149.42 closed @150.57 (0.1)


Remaining stop amended.

GBP JPY

1. long @149.42 sl @149.50 (0.1)
Remaining trade closed.

GBP JPY

1. long @149.42 closed @150.40 (0.1)
Thank You
  • #3,857
  • Nov 10, 2009 5:40am Nov 10, 2009 5:40am
Quoting wormboy
Added to position


GBP USD

1. long @6722 sl @6512 (0.1)

2. long @6756 sl @6512 (0.1)
Trade closed

GBP USD

1. long @6722 closed @6717 (0.1)

2. long @6756 closed @6717 (0.1)
Thank You
  • #3,858
  • Nov 10, 2009 5:46am Nov 10, 2009 5:46am
Will be looking to trade dragon only for now. No cable.

Chart below shows why I exited my long positions.
Same charts posted earlier :
http://www.forexfactory.com/showpost...postcount=3847
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dragonm5.JPG Size: 66 KB
Click to Enlarge Name: dragonm5a.JPG Size: 66 KB
Thank You
  • #3,859
  • Nov 10, 2009 6:27am Nov 10, 2009 6:27am
GBP JPY

1. short @150.18 sl @151.65 (0.2)
Thank You
  • #3,860
  • Nov 10, 2009 6:44am Nov 10, 2009 6:44am
Trading in the zone by Wormboy.

Inserted Video
Thank You
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