nice work worm 
when do the seminars start?
when do the seminars start?
GBPUSD
1. short @6254 sl @6310 (0.1)
- #4,522
- Jan 28, 2010 4:08pm Jan 28, 2010 4:08pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
nice work worm
when do the seminars start?
What seminars?
Thank You
- #4,523
- Jan 28, 2010 4:13pm Jan 28, 2010 4:13pm
- Joined Oct 2009 | Status: magic | 1,729 Posts
the "wormboy way" seminars........... another bad joke, clearly
Thanks
What seminars?
- #4,524
- Jan 28, 2010 4:18pm Jan 28, 2010 4:18pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
the "wormboy way" seminars........... another bad joke, clearly
wormboy way? no way
I believe the "trading systems" section is on the other side of the hall sir
Thank You
- #4,525
- Jan 28, 2010 5:37pm Jan 28, 2010 5:37pm
- Joined Oct 2009 | Status: The Voodoo Boodoo Club | 1,419 Posts
Good stuff c
This time tho, there's a good chance we go thru the floor and head lower.
Let's see how this goes. I'm maintaining my short position.
However, I do believe the we may get one more fake out up before it comes crashing down, but I agree the trend will be to short. My positions are flat atm but if I do decide to play long it will be with a very tight sl.
- #4,528
- Jan 28, 2010 10:13pm Jan 28, 2010 10:13pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #4,529
- Jan 28, 2010 10:14pm Jan 28, 2010 10:14pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #4,530
- Jan 28, 2010 10:37pm Jan 28, 2010 10:37pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Here's why I ditched my short position.
Just like this whole week, cable is bouncing off the same ltl level. And just like where I took short yesterday, it'll be silly for me to not take the long here. I was expecting a bearish continuation off the strong momentum yesterday but, chart is clearly showing otherwise. Not complaining tho, had been an awesome range to trade this whole week tbh, won't mind another trip up to 6200
Let's see how this goes.
Just like this whole week, cable is bouncing off the same ltl level. And just like where I took short yesterday, it'll be silly for me to not take the long here. I was expecting a bearish continuation off the strong momentum yesterday but, chart is clearly showing otherwise. Not complaining tho, had been an awesome range to trade this whole week tbh, won't mind another trip up to 6200
Let's see how this goes.
Thank You
- #4,531
- Jan 28, 2010 10:46pm Jan 28, 2010 10:46pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #4,532
- Jan 28, 2010 11:00pm Jan 28, 2010 11:00pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
GU daily
80% chance price will reach 1.5980, and may be even 1.5910
when? dont know.........plus there's a 20% chance it wont happen
I like that odds. 20% long.
This was yesterday's ssi. Take a look at the ratio
Thank You
- #4,533
- Jan 28, 2010 11:04pm Jan 28, 2010 11:04pm
- Joined Oct 2009 | Status: magic | 1,729 Posts
fortunately, it may go up a ways before down,
but statistically, theres an 80% chance it will reach my first target............at some point in time
but statistically, theres an 80% chance it will reach my first target............at some point in time
I like that odds. 20% long.
This was yesterday's ssi. Take a look at the ratio
- #4,534
- Jan 28, 2010 11:16pm Jan 28, 2010 11:16pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You Wormboy for the reply!
BTW I was looking at USD/CHF pair and saw bearish divergence forming on 4H chart.
With USD gaining more and more strength, do you think this bearish divergence will happen soon or should this pair go up before turning downward?
Also, what gives you the signal to enter both bullish and bearish divergences?
I am good at finding divergences, but I always enter too early and I get stopped out!!
I don't really have any experience trading the swissy but if the chart you presented is anything to go by, then you definitely have a good setup there. But, I wouldn't take the trade until a solid reversal formation can be established.
That's the thing with divergences tho, you'd get to see the move before the whole world does, it is about being early
I think if you are good at spotting divs, you ought to put more emphasis on your trade management ie working out your stops.
In the case of you getting stopped out too early, probably you had placed your stops too tight? For example, it would be difficult for you to manage this swissy trade if say the stops are placed too narrow, while the div you spotted is from htf.
Thank You
- #4,535
- Jan 28, 2010 11:20pm Jan 28, 2010 11:20pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
fortunately, it may go up a ways before down,
but statistically, theres an 80% chance it will reach my first target............at some point in time
As long as this range continues, I'll be like a mercenary lol. I pick no sides, no bias. If 6100 is broken at any point today, I will join the ride down to your 5900 target. A hundred pips should never go to waste
Good luck with your trade!
Thank You
- #4,536
- Jan 28, 2010 11:23pm Jan 28, 2010 11:23pm
- Joined Oct 2009 | Status: magic | 1,729 Posts
well, ......i meant fortunately for your long
and yes, short off a day chart, long off a 20min.......maybe
and yes, short off a day chart, long off a 20min.......maybe
Don't you mean unfortunately? You're still short
As long as this range continues, I'll be like a mercenary lol. I pick no sides, no bias. If 6100 is broken at any point today, I will join your ride down to your 5900 target. A hundred pips should never go to waste
Good luck with your trade!
- #4,537
- Jan 29, 2010 6:49am Jan 29, 2010 6:49am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #4,538
- Jan 29, 2010 6:52am Jan 29, 2010 6:52am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #4,540
- Jan 29, 2010 7:15am Jan 29, 2010 7:15am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?