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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #4,361
  • Jan 20, 2010 4:49am Jan 20, 2010 4:49am
Quoting TheGabriel
I'm shorting GJ from 148.26 also, +40p and holding. This is testing on demo another strategy I have with different entry/exit points.
Also shorting EJ since 129.42 @ +50p, probably GJ will break soon that support trendline.
Okay. But why not on live account? You got in at a very good price tbh.
Thank You
  • #4,362
  • Jan 20, 2010 4:55am Jan 20, 2010 4:55am
Quoting wormboy
Okay. But why not on live account? You got in at a very good price tbh.
On Live account I'll trade only once the trendline breakout has happened I must be sure before i go live with this strategy so I'm trading only high probability trades on live as I want drawdowns as low as possible.
"Hate the sin, love the sinner." - Gandhi
  • #4,363
  • Jan 20, 2010 5:01am Jan 20, 2010 5:01am
Quoting TheGabriel
On Live account I'll trade only once the trendline breakout has happened I must be sure before i go live with this strategy so I'm trading only high probability trades on live as I want drawdowns as low as possible.
Understood

Watch out for the 147.5 level supp test tho, once that goes, the fall will be extremely fast. Don't blink
Thank You
  • #4,364
  • Jan 20, 2010 5:04am Jan 20, 2010 5:04am
i won't blink i wont haha.

Here are the trades on the testing strategy, for all the trades i take both live and demo I always watch for the daily chart to confirm the trade

It's about 130 pips now with trades being opened so looks very good to put live with small drawdown. A 50 pip stop on big range pairs i think is more than enough.
Attached Image (click to enlarge)
Click to Enlarge Name: demo.jpg Size: 326 KB
"Hate the sin, love the sinner." - Gandhi
  • #4,365
  • Jan 20, 2010 5:17am Jan 20, 2010 5:17am
Quoting TheGabriel
i won't blink i wont haha.

Here are the trades on the testing strategy, for all the trades i take both live and demo I always watch for the daily chart to confirm the trade

It's about 130 pips now with trades being opened so looks very good to put live with small drawdown. A 50 pip stop on big range pairs i think is more than enough.
Good stuff
I use the daily myself but sometimes in the presence of divergence on lower tf ie h4,h8,h12 I'd take the trade nonetheless but with reduced risk margin, usually about 50% of the intended amount. When the daily confirms, I sometimes add further.
Keep up the good work mate, and keep us up to speed with the progress of your new strategy.
Thank You
  • #4,366
  • Jan 20, 2010 8:48am Jan 20, 2010 8:48am
Quoting wormboy
Closed partial

GBPJPY

3. short @149.26 closed @147.62 (0.1)

Remaining stop amended.

GBPJPY

1. short @147.91 sl @150.00 (0.2)
2. short @148.89 sl @148.75 (0.2)

Trade stopped out.

GBPJPY

2. short @148.89 stopped @148.75 (0.2)

Remaining trade unchanged

GBPJPY

1. short @147.91 sl @150.00 (0.2)
Thank You
  • #4,367
  • Jan 20, 2010 9:55am Jan 20, 2010 9:55am
Quoting wormboy
Welp 4515 stood & turned. Anonymos, sure hope you sold the crap outta her
Oh man, let's not talk about it! For I don't know how long I've been staring at this goddamn flag and when it breaks I'm hyper-busy doing all kind of other things. Not trading for a living (yet!). But how can I ever if other nonsense keeps me away from the break of "my" flag?!?
  • #4,368
  • Jan 20, 2010 10:40am Jan 20, 2010 10:40am
Quoting wormboy
EG

1. long @8742 sl @8650 (1.0)

Halfday chart shows price is currently stalling at an old ltl. No accident that div is there either methinks. Lets see how this goes.

Trade stopped out.

EG

1. long @8742 stopped @8650 (1.0)
Thank You
  • #4,369
  • Jan 20, 2010 10:41am Jan 20, 2010 10:41am
Again.

EG

1. long @8653 sl @8550 (1.0)
Thank You
  • #4,370
  • Jan 20, 2010 10:43am Jan 20, 2010 10:43am
Quoting AnonYmos
Oh man, let's not talk about it! For I don't know how long I've been staring at this goddamn flag and when it breaks I'm hyper-busy doing all kind of other things. Not trading for a living (yet!). But how can I ever if other nonsense keeps me away from the break of "my" flag?!?
Okay. That's too bad. But don't worry, there'll be another setup my friend
Thank You
  • #4,371
  • Jan 20, 2010 10:43am Jan 20, 2010 10:43am
Quoting wormboy
Again.

EG

1. long @8653 sl @8550 (1.0)

bro where you are looking euro/Dollar??from where to go long in it??


Ub
  • #4,372
  • Jan 20, 2010 10:48am Jan 20, 2010 10:48am
Quoting ubaidahsan
bro where you are looking euro/Dollar??from where to go long in it??


Ub
Right about 4025 supp. I'd suggest you wait for the daily close if you're planning to buy eu bro. There's so much down momentum atm that I dare not suggest anything tbh. Best bet to just go short. Your choice tho, good luck bro
Thank You
  • #4,373
  • Jan 20, 2010 11:43am Jan 20, 2010 11:43am
Quoting wormboy
Right about 4025 supp. I'd suggest you wait for the daily close if you're planning to buy eu bro. There's so much down momentum atm that I dare not suggest anything tbh. Best bet to just go short. Your choice tho, good luck bro
thanks for your advice bro but i am long since 42xx with 1k lot and with 50 points gap in each trades and max it could go 38xx but if we calculate it from Fibonacchii so 4065 is a key level which can be rebounding point but let see how it goes i will follow you now again coz i got understand you are the best as always ..

thanks

Ub
  • #4,374
  • Jan 20, 2010 12:13pm Jan 20, 2010 12:13pm
Quoting wormboy
Again.

EG

1. long @8653 sl @8550 (1.0)
Keep the faith bro! Yeah the EUR ain't doing squat but the pound is falling at least...

Did you see all the "bad timing" on my EJ longs this morning? 3 Losers in a row. Had I put a wider stop on them they'd have been good..
Ghost Rider - WWTBMD?
  • #4,375
  • Jan 20, 2010 12:26pm Jan 20, 2010 12:26pm
Here's how the gbplfx currently looks. The H4 just closed a possible reversal at a resistance level albeit not a very strong one. I'll keep selling sterling for now but I'd have to be really careful because of the timing of the reversal seems suspect since london is no longer active & I could get caught on the wrong side of things once asia session resumes.
Let's see how this goes, atm I'm looking forward to the subltl1 test before further break or bounce.
Attached Image (click to enlarge)
Click to Enlarge Name: gbplfx4.JPG Size: 74 KB
Thank You
  • #4,376
  • Jan 20, 2010 2:18pm Jan 20, 2010 2:18pm
I wanted to throw this chart up. I see that euro is a little past the 38.2 retrace from the weekly, also around a support area so we may get stabilization at this level. I guess I'm saying I am not looking to sell atm. lol
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
  • #4,377
  • Jan 20, 2010 10:57pm Jan 20, 2010 10:57pm
Quoting wormboy
Remaining stop amended.

GBPUSD

1. short @6455 sl @6350 (0.2)

Remaining stop amended.

GBPUSD

1. short @6455 sl @6330 (0.2)
Thank You
  • #4,378
  • Jan 20, 2010 11:24pm Jan 20, 2010 11:24pm
Quoting wormboy
Privet,
to the pip no?

Earlier:
1. http://www.forexfactory.com/showpost...stcount=194533

Wouldn't be surprising 6165 level being tested soon tbh.
Right, it'll be really surprising indeed if 6165 dont get tested now that the flag is broken. Ltl @6200 level seems to in the way tho, but should london resume selling I doubt that level would be much of a problem.
Time will tell. Still selling for now
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.JPG Size: 70 KB
Thank You
  • #4,379
  • Edited 12:37am Jan 21, 2010 12:06am | Edited 12:37am
Quoting wormboy
Right, it'll be really surprising indeed if 6165 dont get tested now that the flag is broken. Ltl @6200 level seems to in the way tho, but should london resume selling I doubt that level would be much of a problem.
Time will tell. Still selling for now
Hello wormboy and all,

This is my first post here in ths forum and wormboy, keep up the good work, you are doing good thing here.

Now to the subject at hand, I completely agree with both of you here. We should most likely get one more spike up before or right at the open of the London market to the tune of about 1.6275 or so to 1.6321 and then go down to the 6165 just like you both said. That happens to be my 161.8 fib line for the day.

My style of trading is multiple timeframe fibonacci's with MA's. This spike up would hit the 161.8 fib topside for the 1H inside candle and then work its way down to the 6165 daily 161.8 fib. Just my thoughts.

C.
Attached Image (click to enlarge)
Click to Enlarge Name: test.jpg Size: 114 KB
  • #4,380
  • Jan 21, 2010 2:01am Jan 21, 2010 2:01am
Quoting wormboy
Again.

EG

1. long @8653 sl @8550 (1.0)
Closed partial

EG

1. long @8653 closed @8681 (0.5)

Remaining stop amended.

EG

1. long @8653 sl @8660 (0.5)
Thank You
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