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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #4,821
  • Feb 18, 2010 2:14am Feb 18, 2010 2:14am
To me cable is just down, the sells i was talking about yesterday around 1.578 levels turned out to be pretty heavy and i'm not seeing much buying interest.
"Hate the sin, love the sinner." - Gandhi
  • #4,822
  • Feb 18, 2010 2:33am Feb 18, 2010 2:33am
Quoting wormboy
GBPUSD

1. long @5633 sl @5580 (0.1)

Will reverse position if subltl2b gives way. Let's see how this goes. Good luck

Trade stopped out

GBPUSD

1. long @5633 stopped @5580 (0.1)


Eu took me out for 14 pips before flying away in the direction I intended, now cable took me out for 4 pips!
Got no game today, better off staying flat.
Good luck to the guys trading
Thank You
  • #4,823
  • Edited 3:12am Feb 18, 2010 2:58am | Edited 3:12am
Good luck everyone.
I've added to my short on EuroUSD with the second entry at 1.35827.

edit: didn't mention it's euro not cable
"Hate the sin, love the sinner." - Gandhi
  • #4,824
  • Feb 18, 2010 4:37am Feb 18, 2010 4:37am
Quoting TheGabriel
Good luck everyone.
I've added to my short on EuroUSD with the second entry at 1.35827.

edit: didn't mention it's euro not cable
Last short added closed with breakeven, will leave the 1st one.
"Hate the sin, love the sinner." - Gandhi
  • #4,825
  • Feb 18, 2010 5:49am Feb 18, 2010 5:49am
GBPUSD

1. long @5562 sl @5540 (0.2)
Thank You
  • #4,826
  • Feb 18, 2010 6:22am Feb 18, 2010 6:22am
Quoting TheGabriel
I'm short EurUsd at 1.37076, i've got my confirmation and plan is on now.
Sell closed at 1.35886, waiting for buy entry. Looks like buying on eurozone is confirmed.
"Hate the sin, love the sinner." - Gandhi
  • #4,827
  • Feb 18, 2010 6:30am Feb 18, 2010 6:30am
It's a fight right now, really bear vs bulls and i'm flat at the moment but thinking we could be back at the low on euro if it turns out like i think.
"Hate the sin, love the sinner." - Gandhi
  • #4,828
  • Feb 18, 2010 6:37am Feb 18, 2010 6:37am
Quoting wormboy
GBPUSD

1. long @5562 sl @5540 (0.2)

Closed partial to square up the earlier loss took on cable.

GBPUSD

1. long @5562 closed @5624 (0.1)


Remaining trade unchanged

GBPUSD

1. long @5562 sl @5540 (0.1)
Thank You
  • #4,829
  • Feb 18, 2010 6:41am Feb 18, 2010 6:41am
Cable to me looks set to move higher,i support your trade wormboy. Waiting to buy euro here. This will be the third trade this week, bought euro on Tuesday closed and reversed with sell on Thursday with close today. I will buy soon.
"Hate the sin, love the sinner." - Gandhi
  • #4,830
  • Feb 18, 2010 6:46am Feb 18, 2010 6:46am
Quoting wormboy
Closed partial to square up the earlier loss took on cable.

GBPUSD

1. long @5562 closed @5624 (0.1)


Remaining trade unchanged

GBPUSD

1. long @5562 sl @5540 (0.1)

Stop amended.


GBPUSD

1. long @5562 sl @5570 (0.1)
Thank You
  • #4,831
  • Feb 18, 2010 6:48am Feb 18, 2010 6:48am
Sellers are hitting euro and cable, i'm very carefull.
"Hate the sin, love the sinner." - Gandhi
  • #4,832
  • Feb 18, 2010 6:49am Feb 18, 2010 6:49am
Quoting TheGabriel
Cable to me looks set to move higher,i support your trade wormboy. Waiting to buy euro here. This will be the third trade this week, bought euro on Tuesday closed and reversed with sell on Thursday with close today. I will buy soon.
Cheers gabe. Seething a bit to see euro fly all the way up 100 pips from my initial long entry.
Could've swore you could see this coming a mile away the way dx was being propped up. The question is always timing. I got in a bit early on eu, & we all know being right a bit early does not necessarily make you right!
Good luck with your trade buddy
Thank You
  • #4,833
  • Feb 18, 2010 6:52am Feb 18, 2010 6:52am
Quoting TheGabriel
Sellers are hitting euro and cable, i'm very carefull.
Eu got knocked back down hard at dp. I swear to you gabe I attempted that long earlier going for the dp! Mother*!%%^

Ok woooooooohsa
Thank You
  • #4,834
  • Feb 18, 2010 7:01am Feb 18, 2010 7:01am
Quoting wormboy
Eu got knocked back down hard at dp. I swear to you gabe I attempted that long earlier going for the dp! Mother*!%%^

Ok woooooooohsa
I've just taken now a sell attempt at 1.36367, up move is full of sellers, stop is tight.
"Hate the sin, love the sinner." - Gandhi
  • #4,835
  • Feb 18, 2010 7:13am Feb 18, 2010 7:13am
Quoting TheGabriel
I've just taken now a sell attempt at 1.36367, up move is full of sellers, stop is tight.

Roger that.
Just a heads up tho, watch dx closely, h4 is showing movement being capped @80.7 level and is possibly forming a reversal pattern. Weekly highs are also still intact for now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dxh4.JPG Size: 68 KB
Click to Enlarge Name: dxw.JPG Size: 90 KB
Thank You
  • #4,836
  • Feb 18, 2010 7:15am Feb 18, 2010 7:15am
Quoting wormboy
Roger that.
Just a heads up tho, watch dx closely, h4 is showing movement being capped @80.7 level and is possibly forming a reversal pattern. Weekly highs are also still intact for now.
Yes the chart looks pretty bearish there, if we move higher i close the sell and reverse into buy. Cable also tempting me for a short but i decided to trade only one pair, easy 210 pips pips with 2 trades is not bad, I'm more concerned about the leverage now.
"Hate the sin, love the sinner." - Gandhi
  • #4,837
  • Feb 18, 2010 7:23am Feb 18, 2010 7:23am
Quoting TheGabriel
Yes the chart looks pretty bearish there, if we move higher i close the sell and reverse into buy. Cable also tempting me for a short but i decided to trade only one pair, easy 210 pips pips with 2 trades is not bad, I'm more concerned about the leverage now.
Okay. How heavy is the load?
Thank You
  • #4,838
  • Feb 18, 2010 7:28am Feb 18, 2010 7:28am
Quoting wormboy
Okay. How heavy is the load?
0.2 now, but not long ago i was 0.1 because i started with 100$ account.

When i started out forex i lost a great ammount of money (i tought i found manna and it looked easy lol ..stupid me), after that i decided to put only 100$. Euro coming down quickier than GBP, but the sells are havier on euro than on cable.
"Hate the sin, love the sinner." - Gandhi
  • #4,839
  • Feb 18, 2010 9:00am Feb 18, 2010 9:00am
Market is very difficult right now to trade, that fast up was then sold fast... :| i'm currently +70 pips on the euro trade.

I think this is the time when a strategy gets a bit of drawdown and you must stay with your strategy for long term comeback.
"Hate the sin, love the sinner." - Gandhi
  • #4,840
  • Feb 18, 2010 9:03am Feb 18, 2010 9:03am
Eur Usd

1. long @3559 sl @3500 (0.1)
Thank You
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