The WoRmHoLe | Page 238 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better-than-the-wormhole 555 replies

Attachments: The WoRmHoLe
Exit Attachments

The WoRmHoLe

  • #4,741
  • Feb 12, 2010 5:18am Feb 12, 2010 5:18am
Quoting wormboy
Hi guys

Will maintain my dragon & cable longs for now & will reasses positions during London close later.
Good luck
Just about time to reverse long me thinks.

http://www.forexfactory.com/showthre...199688&page=50

Post 740 is the start of my short @ 5713. I'm still holding it for the remote shot of my target at 5565.
Ghost Rider - WWTBMD?
  • #4,742
  • Feb 12, 2010 5:41am Feb 12, 2010 5:41am
Quoting wormboy
GBPUSD

1. long @5607 sl @5500 (0.5)

Added to position

GBPUSD

1. long @5607 sl @5500 (0.5)
2. long @5597 sl @5570 (1.0)
Thank You
  • #4,743
  • Feb 12, 2010 5:42am Feb 12, 2010 5:42am
Quoting albchr
Just about time to reverse long me thinks.

http://www.forexfactory.com/showthre...199688&page=50

Post 740 is the start of my short @ 5713. I'm still holding it for the remote shot of my target at 5565.

Not me brother. I can't afford the time to scalp atm
This recently added position I'm targetting 5660
let's see how this goes
Thank You
  • #4,744
  • Feb 12, 2010 6:00am Feb 12, 2010 6:00am
Quoting wormboy
Not me brother. I can't afford the time to scalp atm
This recently added position I'm targetting 5660
let's see how this goes
Yep. The stop on my 5712 short is at 5623 right now. I figure when that get's hit I'll reverse long. I see 5660 as an easy target if so.
Ghost Rider - WWTBMD?
  • #4,745
  • Feb 12, 2010 6:14am Feb 12, 2010 6:14am
Quoting wormboy
Not me brother. I can't afford the time to scalp atm
This recently added position I'm targetting 5660
let's see how this goes
I'm with you brother.

http://www.forexfactory.com/showpost...2&postcount=18

I have a high TP right now but I have had a very excellent week bagging a lot of pips. I may lower my tp before I go to bed though, for now, will remain high and possible manual close.

C.
  • #4,746
  • Feb 12, 2010 9:01am Feb 12, 2010 9:01am
Quoting wormboy
Added to position

GBPUSD

1. long @5607 sl @5500 (0.5)
2. long @5597 sl @5570 (1.0)

Closed partial

GBPUSD

2. long @5597 closed @5649 (1.0)

Remaining trade unchanged

GBPUSD

1. long @5607 sl @5500 (0.5)


Gotta love the volatility
Thank You
  • #4,747
  • Feb 12, 2010 9:14am Feb 12, 2010 9:14am
Hi Azim, haven't stopped by for a little while, hope things are good you must be a busy man lately. Hey congratulations on junior, looking very cool I must say.

I see you are trading like a demon lately. Gotta love the markets at the moment, some good pips floating around. I used to hate ranges but I'm kinda geting used to them

Has been a record day for me today, things starting to click nicely this year!
  • #4,748
  • Feb 12, 2010 9:39am Feb 12, 2010 9:39am
Quoting uksnowman
Hi Azim, haven't stopped by for a little while, hope things are good you must be a busy man lately. Hey congratulations on junior, looking very cool I must say.

I see you are trading like a demon lately. Gotta love the markets at the moment, some good pips floating around. I used to hate ranges but I'm kinda geting used to them

Has been a record day for me today, things starting to click nicely this year!
Hey rich!
Thank you so much for the wish my friend!
Yea, it's been a wonderful trading period for me since January I can't complain. I had my hands full with junior this week that I wasn't able to capitalise on this wonderful range we see in cable. Matter of fact I was really busy that I didn't get the chance to partial book my profit for dragon when being over 100 pips up!
But I got one earlier, that was a quick 500 bucks for me
Great to hear you're getting into high gear, keep us posted my friend! Good luck!
Thank You
  • #4,749
  • Feb 12, 2010 11:07am Feb 12, 2010 11:07am
Quoting wormboy
GBP JPY

1. long @140.34 sl @138.25 tp @144.65 (0.3)

Closed partial

GBP JPY

1. long @140.34 closed @141.06 (0.2)

Remaining stop amended.

GBP JPY

1. long @140.34 sl @140.50 tp @144.65 (0.1)
Thank You
  • #4,750
  • Feb 12, 2010 11:09am Feb 12, 2010 11:09am
Quoting wormboy
Closed partial

GBPUSD

2. long @5597 closed @5649 (1.0)

Remaining trade unchanged

GBPUSD

1. long @5607 sl @5500 (0.5)


Gotta love the volatility
Closed partial

GBPUSD

1. long @5607 closed @5664 (0.3)

Remaining trade unchanged.

GBPUSD

1. long @5607 sl @5500 (0.2)


Enjoy the weekend everyone
Thank You
  • #4,751
  • Feb 12, 2010 11:16am Feb 12, 2010 11:16am
Quoting wormboy
Closed partial

GBPUSD

1. long @5607 closed @5664 (0.3)

Remaining trade unchanged.

GBPUSD

1. long @5607 sl @5500 (0.2)


Enjoy the weekend everyone
Have a good weekend Azim. Have fun with Jr. As for me, all positions flat until market open.

C.
  • #4,752
  • Feb 12, 2010 11:56am Feb 12, 2010 11:56am
Quoting wormboy
Hey rich!
Thank you so much for the wish my friend!
Yea, it's been a wonderful trading period for me since January I can't complain. I had my hands full with junior this week that I wasn't able to capitalise on this wonderful range we see in cable. Matter of fact I was really busy that I didn't get the chance to partial book my profit for dragon when being over 100 pips up!
But I got one earlier, that was a quick 500 bucks for me
Great to hear you're getting into high gear, keep us posted my friend! Good luck!
500 bucks always comes in handy, nice!! Just find time to keep posting and I will definitely keep learning

I am still scratching my head to work out how I did it but I just closed all positions and it was my best trading day to date for me +1,680 pips over 24 trades (GU, GJ and EU) and somehow only 2 losers. With +550 pips on Tuesday it has been a hell of a week. I had to take some swings and a bit of DD on a couple of those trades but within limits. It's a one off but if I could get one of these every few months I'd be a happy man lol!

Have a nice weekend!
  • #4,753
  • Feb 12, 2010 11:56pm Feb 12, 2010 11:56pm
wb, re stop losses, i noticed that your initial stop loss on a trade is quite large. is that so that your trades can breathe? do you follow any specific risk to reward ratio, or you dont bother with that?

thks

Quoting wormboy
Closed partial

GBPUSD

1. long @5607 closed @5664 (0.3)

Remaining trade unchanged.

GBPUSD

1. long @5607 sl @5500 (0.2)


Enjoy the weekend everyone
  • #4,754
  • Edited 3:09am Feb 13, 2010 2:53am | Edited 3:09am
Quoting coolshades
wb, re stop losses, i noticed that your initial stop loss on a trade is quite large. is that so that your trades can breathe? do you follow any specific risk to reward ratio, or you dont bother with that?

thks

Hi shades,

Yea I placed the stop slightly below the previous swing low to allow it to develop without getting stopped out too soon. It was wide but it doesn't really bother me because my position sizing is variable. Usually, the wider I place my stop, the position size would be lower.
Well, generally 1:1 risk reward is what I aim for at least, but I don't really bother. I mean, take for example moving emergency stop losses to bep, the moment you do that, whatever risk reward ratio you had planned is already out the window. Plus trading dynamic changes in an instant, example is I will not watch my 100 pip emergency stop be taken out if I spot a clear change of direction which will go against my trade, chances are I'd kill that particular trade and take whatever small loss that comes with the decision. This too would invalidate the ratio imho. This usually is when I try to position myself for a large trade. When scalping, where the target is usually between 10 - 15 pips/trade, I normally do not enforce hard stops, just mental stops.

I don't speak for everyone regarding this btw, this is just my personal view on how I use them.
Enjoy your weekend
Thank You
  • #4,755
  • Feb 13, 2010 3:01am Feb 13, 2010 3:01am
By the way, I would like to take the time to wish my chinese friends & all chinese traders/posters at the factory Gong Xi Fa Cai & may the year of the tiger be a very prosperous year. Enjoy the holidays
Thank You
  • #4,756
  • Feb 15, 2010 9:01pm Feb 15, 2010 9:01pm
Quoting wormboy
Closed partial

GBPUSD

1. long @5607 closed @5664 (0.3)

Remaining trade unchanged.

GBPUSD

1. long @5607 sl @5500 (0.2)


Enjoy the weekend everyone

Stop amended.

GBPUSD

1. long @5607 sl @5620 (0.2)
Thank You
  • #4,757
  • Feb 16, 2010 12:58am Feb 16, 2010 12:58am
Quoting wormboy
Stop amended.

GBPUSD

1. long @5607 sl @5620 (0.2)

Stop amended.

GBPUSD

1. long @5607 sl @5650 (0.2)
Thank You
  • #4,758
  • Feb 16, 2010 1:20am Feb 16, 2010 1:20am
Quoting wormboy
Closed partial

GBP JPY

1. long @140.34 closed @141.06 (0.2)

Remaining stop amended.

GBP JPY

1. long @140.34 sl @140.50 tp @144.65 (0.1)

Remaining stop amended.

GBP JPY

1. long @140.34 sl @140.70 tp @144.65 (0.1)
Thank You
  • #4,759
  • Feb 16, 2010 7:11am Feb 16, 2010 7:11am
Quoting wormboy
Stop amended.

GBPUSD

1. long @5607 sl @5650 (0.2)
I'm bullish too Azim , amazing how cable is holding up. I'm buy EuroUsd too.
"Hate the sin, love the sinner." - Gandhi
  • #4,760
  • Feb 16, 2010 8:24am Feb 16, 2010 8:24am
GBPUSD

1. long @5631 sl @5550 (0.2)
Thank You
73 traders viewing now