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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #4,441
  • Edited 10:58pm Jan 23, 2010 10:44pm | Edited 10:58pm
Quoting wormboy
Chart below shows why I've set a tp @6040 & a PO @6030 before the london close on friday.
WB,

I am in agreement that we should have a good explosion next week. I do think in addition that we should get the bounce up that your talking about. From my channels, We bounced off the bottom wall of the weekly chart a month ago and appear to be on the way up. The 4H is at the bottom channel wall and should bounce up. However from the fibonacci point of view, the week ended just above the 0 fib line from previous week, lows were not broken. We could see a drop down to the 1.5925 give or take before the bounce up, in which the target would be in the area of 1.6550 to 1.6700. When we were talking about this earlier but I was not by my trading computers thus didn't have charts and was going off memory of what they looked like.

Bottom line:

I am planning on taking long positions.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: test.jpg Size: 112 KB
Click to Enlarge Name: 4 hour.jpg Size: 119 KB
  • #4,442
  • Edited Jan 25, 2010 7:41am Jan 24, 2010 7:52am | Edited Jan 25, 2010 7:41am
aZIM have a good week bro!!..catch u in a bit
Attached Image (click to enlarge)
Click to Enlarge Name: trade3.gif Size: 35 KB
  • #4,443
  • Jan 24, 2010 7:57pm Jan 24, 2010 7:57pm
Quoting wormboy
Remaining stop amended.

EG

1. long @8653 sl @8725 (0.2)

Remaining stop amended.

EG

1. long @8653 sl @8765 (0.2)
Thank You
  • #4,444
  • Jan 24, 2010 8:40pm Jan 24, 2010 8:40pm
Quoting wormboy
Stop amended & tp installed.

GBPUSD

1. short @6256 sl @6150 tp @6040 (0.1)

Tp adjusted

GBPUSD

1. short @6256 sl @6150 tp @5985 (0.1)
Thank You
  • #4,445
  • Jan 24, 2010 8:42pm Jan 24, 2010 8:42pm
Quoting wormboy
GBPUSD

1. PO long @6030 sl @5920 (0.1)

PO adjusted

GBPUSD

1. PO long @5985 sl @5830 (0.2)
Thank You
  • #4,446
  • Jan 25, 2010 1:34am Jan 25, 2010 1:34am
Quoting wormboy
Tp adjusted

GBPUSD

1. short @6256 sl @6150 tp @5985 (0.1)

Added to position

GBPUSD

1. short @6256 sl @6150 tp @5985 (0.1)
2. short @6134 sl @6150 tp @5985 (0.2)


Good thing fxcm's ts2 mobile is bugfree now. Laptops are a thing of the past for me now while being away
Attached Images
Thank You
  • #4,447
  • Jan 25, 2010 3:02am Jan 25, 2010 3:02am
Quoting wormboy
Remaining stop amended.

EG

1. long @8653 sl @8765 (0.2)

Remaining trade stopped out.

EG

1. long @8653 stopped @8765 (0.2)
Thank You
  • #4,448
  • Jan 25, 2010 3:04am Jan 25, 2010 3:04am
Quoting wormboy
Added to position

GBPUSD

1. short @6256 sl @6150 tp @5985 (0.1)
2. short @6134 sl @6150 tp @5985 (0.2)


Good thing fxcm's ts2 mobile is bugfree now. Laptops are a thing of the past for me now while being away

Trades stopped out.

GBPUSD

1. short @6256 stopped @6150 (0.1)
2. short @6134 stopped @6150 (0.2)


Currently flat & will wait for a setup.
Thank You
  • #4,449
  • Edited 5:36am Jan 25, 2010 5:02am | Edited 5:36am
GBPUSD

1. long @6165 sl @6050 (0.1)

Picking up the long based on the weekend analysis.
This would be my last trade for January as I'm currently up by roughly 6% & will not risk my gains for this month further,
Will add if price breaks the utl. Let's see if I can gather a further 1-2% from this trade. Wish me luck
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.JPG Size: 77 KB
Thank You
  • #4,450
  • Jan 25, 2010 11:03am Jan 25, 2010 11:03am
Welp, utl now taken. Let's see if it can close above cleanly for me to add.
Will hold long for now.
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.JPG Size: 63 KB
Thank You
  • #4,451
  • Jan 25, 2010 6:31pm Jan 25, 2010 6:31pm
Quoting Ctic
WB,

I am in agreement that we should have a good explosion next week. I do think in addition that we should get the bounce up that your talking about. From my channels, We bounced off the bottom wall of the weekly chart a month ago and appear to be on the way up. The 4H is at the bottom channel wall and should bounce up. However from the fibonacci point of view, the week ended just above the...

My position has still not changed from this initial analysis. Modified my TP's and SL. Am looking for short scalps as well, but long is still overall position until I go flat.
  • #4,452
  • Jan 25, 2010 9:27pm Jan 25, 2010 9:27pm
Quoting wormboy
GBPUSD

1. long @6165 sl @6050 (0.1)

Picking up the long based on the weekend analysis.
This would be my last trade for January as I'm currently up by roughly 6% & will not risk my gains for this month further,
Will add if price breaks the utl. Let's see if I can gather a further 1-2% from this trade. Wish me luck
Trade closed.

GBPUSD

1. long @6165 closed @6242 (0.1)
Thank You
  • #4,453
  • Jan 25, 2010 9:34pm Jan 25, 2010 9:34pm
GBPUSD

1. short @6232 sl @6270 (0.1)
Thank You
  • #4,454
  • Jan 25, 2010 9:50pm Jan 25, 2010 9:50pm
Here's what spooked me out of my long position.
Could be early, but I'm not taking my chances.
Attached Image (click to enlarge)
Click to Enlarge Name: guh2.JPG Size: 64 KB
Thank You
  • #4,455
  • Jan 25, 2010 10:01pm Jan 25, 2010 10:01pm
Quoting wormboy
Here's what spooked me out of my long position.
Could be early, but I'm not taking my chances.
I saw that double top too but i am not too spooked out about it since it is a point of resistance. Worst case senerio is I get stopped out at +85 pips. My only concern is how far will it pull back after and if I get stopped out. As I said, I am looking for short term short scalps but if it turns into a long term situation so be it. I do believe that we are still going to rise up in the immediate term until the longer term charts (weekly & monthly tell me different). Not saying we can't go down, but I feel that I am already safe in my long positions. Tonight will tell me the tale I think as to what my longer term position will be.

If I get stopped out on my long positions, all my positions will be flat until I decide to pull the trigger again either long or short, but I do still feel we are going to go to the top of my channel before we begin our decline.
  • #4,456
  • Edited 11:31pm Jan 25, 2010 10:17pm | Edited 11:31pm
Quoting Ctic
I saw that double top too but i am not too spooked out about it since it is a point of resistance. Worst case senerio is I get stopped out at +85 pips. My only concern is how far will it pull back after and if I get stopped out. As I said, I am looking for short term short scalps but if it turns into a long term situation so be it. I do believe that we are still going to rise up in the immediate term until the longer term charts (weekly & monthly tell me different). Not saying we can't go down, but I feel that I am already safe in my long positions....
Agreed.
It's quite a predicament really since I was sitting pretty on profit myself but that was too big of a divergence for me to ignore & given the fact that gdp release is later. I am looking at the possibility of the 6165 level retest.
Could be wrong, but it's of little concern to me atm as I'm only risking half of what I've gained from yesterday's trade. It's just a case of whether I'll make some or make more
Catch you later buddy. Good luck trading!
Thank You
  • #4,457
  • Jan 26, 2010 3:00am Jan 26, 2010 3:00am
Quoting wormboy
GBPUSD

1. short @6232 sl @6270 (0.1)
Stop loss removed.

GBPUSD

1. short @6232 sl @NA (0.1)
Thank You
  • #4,458
  • Jan 26, 2010 3:03am Jan 26, 2010 3:03am
Quoting wormboy
Stop loss removed.

GBPUSD

1. short @6232 sl @NA (0.1)
Expecting a SPIKE ?? LOL

http://www.forexfactory.com/showpost...&postcount=582
Ghost Rider - WWTBMD?
  • #4,459
  • Jan 26, 2010 3:10am Jan 26, 2010 3:10am
Quoting albchr
Expecting a SPIKE ?? LOL

http://www.forexfactory.com/showpost...&postcount=582
yes sir, a BIG one lol

my last trade for January bro, I'd want to decide on my exit on this one instead of letting some bloody whipsaw doing it for me
Thank You
  • #4,460
  • Jan 26, 2010 3:21am Jan 26, 2010 3:21am
can one few chart on the fxcm phone and is it only for their plart form or can one use it for another mt4 broker?
Quoting wormboy
Added to position

GBPUSD

1. short @6256 sl @6150 tp @5985 (0.1)
2. short @6134 sl @6150 tp @5985 (0.2)


Good thing fxcm's ts2 mobile is bugfree now. Laptops are a thing of the past for me now while being away
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