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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #4,761
  • Feb 16, 2010 8:25am Feb 16, 2010 8:25am
Quoting wormboy
Stop amended.

GBPUSD

1. long @5607 sl @5650 (0.2)

Trade stopped out.


GBPUSD

1. long @5607 stopped @5650 (0.2)
Thank You
  • #4,762
  • Feb 16, 2010 8:27am Feb 16, 2010 8:27am
Quoting wormboy
Trade stopped out.


GBPUSD

1. long @5607 stopped @5650 (0.2)
The bullish consolidation pattern might break to the downside soon, but it's still "up", sellers came in on the bullish usd news.
"Hate the sin, love the sinner." - Gandhi
  • #4,763
  • Feb 16, 2010 8:58am Feb 16, 2010 8:58am
To me it looks like EurUsd is surviving to the second speculative attack today and the uptrend might stay intact for today, I'm holding a buy at 1.36438
"Hate the sin, love the sinner." - Gandhi
  • #4,764
  • Feb 16, 2010 9:34am Feb 16, 2010 9:34am
Quoting TheGabriel
To me it looks like EurUsd is surviving to the second speculative attack today and the uptrend might stay intact for today, I'm holding a buy at 1.36438
Bears should fear me, ticking higher
"Hate the sin, love the sinner." - Gandhi
  • #4,765
  • Feb 16, 2010 9:41am Feb 16, 2010 9:41am
Quoting TheGabriel
Bears should fear me, ticking higher

look at the beast go
Thank You
  • #4,766
  • Feb 16, 2010 9:42am Feb 16, 2010 9:42am
Quoting wormboy
Remaining stop amended.

GBP JPY

1. long @140.34 sl @140.70 tp @144.65 (0.1)

Remaining stop amended.

GBP JPY

1. long @140.34 sl @140.80 tp @144.65 (0.1)
Thank You
  • #4,767
  • Feb 16, 2010 9:54am Feb 16, 2010 9:54am
Quoting wormboy
Remaining stop amended.

GBP JPY

1. long @140.34 sl @140.80 tp @144.65 (0.1)
Good trade, I can only say watchout for the congestion in that triangle pattern going on but u already know it so

My first target 1.37 on Eu is met, let's see how it moves.
"Hate the sin, love the sinner." - Gandhi
  • #4,768
  • Feb 16, 2010 10:02am Feb 16, 2010 10:02am
Wormie i think it's time for us to get greedy, the move might be sustained on both euro and gbpusd and they seem correlated now.

http://www.forexlive.com/85283/all/euro-breaks-1-3700
"Hate the sin, love the sinner." - Gandhi
  • #4,769
  • Feb 16, 2010 10:21am Feb 16, 2010 10:21am
Quoting TheGabriel
Good trade, I can only say watchout for the congestion in that triangle pattern going on but u already know it so

My first target 1.37 on Eu is met, let's see how it moves.

Good stuff buddy
I'm flat eu atm but posted what I see as a possible target earlier:
1. http://www.forexfactory.com/showpost...stcount=196170

Just a thought
Thank You
  • #4,770
  • Feb 16, 2010 10:23am Feb 16, 2010 10:23am
Quoting TheGabriel
Wormie i think it's time for us to get greedy, the move might be sustained on both euro and gbpusd and they seem correlated now.

http://www.forexlive.com/85283/all/euro-breaks-1-3700

I can tell you I'm itching to let loose as well lol
But I think I'll hold myself till we clear 5900 level
Thank You
  • #4,771
  • Feb 16, 2010 10:27am Feb 16, 2010 10:27am
Quoting wormboy
Good stuff buddy
I'm flat eu atm but posted what I see as a possible target earlier:
1. http://www.forexfactory.com/showpost...stcount=196170

Just a thought
Quoting wormboy
Good stuff
I'm currently flat, just long on cable but I'd be long as well if I want to judging by how the dx closed last week. There's a good chance for eu to pullback to around 3835 level methinks. Welp, just thinking out loud, but I did use the dx to gauge my cable trade.
Hope you nail this one. Good luck!
I've been seeing sellers on eurousd (buyers on usd) beeing absorbed since last week and today they were absorbed twice (london opening and after the usd news, i posted also above about this thingy)....very very good prediction my friend, hats off.

I like it when we see the same thing.
"Hate the sin, love the sinner." - Gandhi
  • #4,772
  • Feb 16, 2010 10:34am Feb 16, 2010 10:34am
am new to the postings here, but have been reading up... I see u scalp, do you have a posting to reflect your scalps... or some forum where i could follow along. am new to trading and have been taught to look to the GbpUsd as the pair to do so.

also, do you use indicators to scalp.

thanks
lurch
  • #4,773
  • Feb 16, 2010 10:45am Feb 16, 2010 10:45am
Quoting wormboy
Remaining stop amended.

GBP JPY

1. long @140.34 sl @140.80 tp @144.65 (0.1)

Remaining stop amended.

GBP JPY

1. long @140.34 sl @141.00 tp @144.65 (0.1)
Thank You
  • #4,774
  • Feb 16, 2010 10:46am Feb 16, 2010 10:46am
Quoting wormboy
GBPUSD

1. long @5631 sl @5550 (0.2)

Stop amended.

GBPUSD

1. long @5631 sl @5640 (0.2)
Thank You
  • #4,775
  • Feb 16, 2010 1:00pm Feb 16, 2010 1:00pm
Wormboy, I'm seeing right now a +150pips gbp/usd I'm sitting out, but was hoping to long it. Do you think the view on long persists?

To take a, say 100pips movement, what charts would you look:
15m, 30m, 1h ???? How big would the stop lose be?

I'm looking at the charts i read also, but I'm new really.

Last one, if you take from here to a month timeframe what do you expect from the dollar? fall?

Thanks. I guess you saw i put a link later about gold and silver

http://www.gold-eagle.com/editorials...und021510.html

just in case you're interested. (i follow Maund he's good)
  • #4,776
  • Feb 16, 2010 1:14pm Feb 16, 2010 1:14pm
Quoting TheGabriel
I've been seeing sellers on eurousd (buyers on usd) beeing absorbed since last week and today they were absorbed twice (london opening and after the usd news, i posted also above about this thingy)....very very good prediction my friend, hats off.

I like it when we see the same thing.
Agreed I saw that on the weekly close on the dx gabe. Always good when we do see the same thing!
Thank You
  • #4,777
  • Feb 16, 2010 1:20pm Feb 16, 2010 1:20pm
Quoting Lurch_47
am new to the postings here, but have been reading up... I see u scalp, do you have a posting to reflect your scalps... or some forum where i could follow along. am new to trading and have been taught to look to the GbpUsd as the pair to do so.

also, do you use indicators to scalp.

thanks
lurch
Hi lurch

I do have a few posts where I posted my scalp trades on the GBPPJPY. It's quite a way back you'll need to find them. But I'm afraid there are only a few posts that has entries on scalp trades. It's a bit tough for me to post and scalp at the same time unless I'm already sitting on at least 40-50 pips profit. That rarely happens tho when I scalp especially when it's off the M1. I usually scalp the m5 and occasionally the m1.
Most of the trade entries I post here are position trades & since you're new to trading & If you'll allow me to be completely honest with you, try to trade off the larger tf first before you attempt to scalp.
That being said, in the future I will try to post my scalp entries when I can.

Have a good one
Thank You
  • #4,778
  • Feb 16, 2010 1:41pm Feb 16, 2010 1:41pm
Quoting MartinR
Wormboy, I'm seeing right now a +150pips gbp/usd I'm sitting out, but was hoping to long it. Do you think the view on long persists?

To take a, say 100pips movement, what charts would you look:
15m, 30m, 1h...
Hi martin, yes I do see more upside on cable. Today we just brokeout of the range & dx is seeing lower levels. I wouldn't want to dictate how you trade but I do think it's buy the dips for now tbh.
I work with multiple timeframes. Generally when I position myself for large swing trades it's the daily/h12, theh4/h6 & the h1.
There are times when I scalp from the m5 however, the trade do run up to over 100 pip gains. Stop losses, generally I place them from previous swing high/low or slightly below or above support/resistance levels. I have no particular rule of how much stop I would allow myself as they're variable. The larger the stops, the lower the position size is how I do it.
I don't use the monthly on the dx. If you see a few post above where I replied to Gabe, there is a link to my weekly dx chart which I had been using since last year. I'm still working with the same chart & atm yes I do see dx heading lower but overall this year, I am very bullish the dx.
I will look up the link thanks

Have a good one
Thank You
  • #4,779
  • Feb 16, 2010 1:45pm Feb 16, 2010 1:45pm
Bomb explodes at J.P. Morgan Chase office in Athens Greece

http://www.cnbc.com/id/35424566

What?!? Situation is out of control.
"Hate the sin, love the sinner." - Gandhi
  • #4,780
  • Feb 16, 2010 1:59pm Feb 16, 2010 1:59pm
Thanks wormboy you're not only a pro trader but also good person.

I'm digesting your reply, thanks again.
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