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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #4,901
  • Feb 22, 2010 1:46am Feb 22, 2010 1:46am
Quoting wormboy
Last August :
http://www.forexfactory.com/showpost...postcount=2633



Today :
GM Azim and Nav!
What a big catch....!
Yes Nav the buy moved higher but i've been a bit concerned about holding overweek, I will re-enter at these prices if the "small" sellers we're having now get absorbed easly.
"Hate the sin, love the sinner." - Gandhi
  • #4,902
  • Feb 22, 2010 2:17am Feb 22, 2010 2:17am
wb,

how do you use the 200 sma while scalping? i noted that you have slapped it on your m1, and m5 charts.
  • #4,903
  • Feb 22, 2010 2:19am Feb 22, 2010 2:19am
Quoting coolshades
wb,

how do you use the 200 sma while scalping? i noted that you have slapped it on your m1, and m5 charts.
The 200 is a great line that shows the longer term trend and the retraces tend to go back to the 200 and bounce off them to resume the trend it is going with.
  • #4,904
  • Feb 22, 2010 2:24am Feb 22, 2010 2:24am
Quoting TheGabriel
GM Azim and Nav!
What a big catch....!
Yes Nav the buy moved higher but i've been a bit concerned about holding overweek, I will re-enter at these prices if the "small" sellers we're having now get absorbed easly.
It didn't take too much to move lower, few sellers and Euro is moving down with cable, not much strength showing right now, considering also shorts here.
"Hate the sin, love the sinner." - Gandhi
  • #4,905
  • Feb 22, 2010 4:23am Feb 22, 2010 4:23am
Quoting Lurch_47
took out the profit... am jittery and lacking patience
thanks for the first profit of many, WB

now, to see if it will drop a bit and will go long again IF.....

jittery in p'ville

Good stuff my friend. That jittery is something you have to learn to combat tho
And don't just wait for the drop to long, keep an eye on the H1 bullflag as well.
Good luck
Thank You
  • #4,906
  • Feb 22, 2010 4:25am Feb 22, 2010 4:25am
Quoting TheGabriel
GM Azim and Nav!
What a big catch....!
Yes Nav the buy moved higher but i've been a bit concerned about holding overweek, I will re-enter at these prices if the "small" sellers we're having now get absorbed easly.
Afternoon gabe!
Those are hollywood calls my friend lol.
Thank You
  • #4,907
  • Feb 22, 2010 4:28am Feb 22, 2010 4:28am
Quoting coolshades
wb,

how do you use the 200 sma while scalping? i noted that you have slapped it on your m1, and m5 charts.
hi shades

it's the 200ema actually. magix brought the attention to me and I had used it on my m5 chart, not the m1.
I still use the same components to scalp ie trendlines but I had added the 200ema. See i've always had a problem in adding to position when scalping, but the 200ema had made it very easy for me. I added when price close above/below the 200ema.
I don't use mas much anymore tho especially on the htf as they lag way too much for my liking.
Thank You
  • #4,908
  • Feb 22, 2010 4:48am Feb 22, 2010 4:48am
Short EurUsd 1.3592, target is a quick 50 pips and I will enter also short on GBPU i think for about 60 pips.

The Russian sell at 1.3650 was enough to break 1.360
"Hate the sin, love the sinner." - Gandhi
  • #4,909
  • Feb 22, 2010 5:18am Feb 22, 2010 5:18am
Quoting TheGabriel
Short EurUsd 1.3592, target is a quick 50 pips and I will enter also short on GBPU i think for about 60 pips.

The Russian sell at 1.3650 was enough to break 1.360

Even if i know that u are much more experienced trader than me... i'd suggest u to have a look at your 1m chart with the 200MA (either simple or exponential). They are going in your way...
I don't want a job, i want money!
  • #4,910
  • Feb 22, 2010 5:21am Feb 22, 2010 5:21am
Quoting dario1002
Even if i know that u are much more experienced trader than me... i'd suggest u to have a look at your 1m chart with the 200MA (either simple or exponential). They are going in your way...
Thanks for pointing it out! Always good to hear other analysis, i've checked it now and it has been a good resistance i see. A good entry for me would have been 1.3635 but i'm good with this one i have now also.
"Hate the sin, love the sinner." - Gandhi
  • #4,911
  • Feb 22, 2010 5:29am Feb 22, 2010 5:29am
Quoting TheGabriel
Thanks for pointing it out! Always good to hear other analysis, i've checked it now and it has been a good resistance i see. A good entry for me would have been 1.3635 but i'm good with this one i have now also.
Well don't worry... i owe u much more than u think
I don't want a job, i want money!
  • #4,912
  • Feb 22, 2010 7:10am Feb 22, 2010 7:10am
Quoting TheGabriel
Short EurUsd 1.3592, target is a quick 50 pips and I will enter also short on GBPU i think for about 60 pips.

The Russian sell at 1.3650 was enough to break 1.360
Closed @ 1.3619 -25pips
"Hate the sin, love the sinner." - Gandhi
  • #4,913
  • Feb 22, 2010 7:35am Feb 22, 2010 7:35am
Long Cable @ 1.5491
"Hate the sin, love the sinner." - Gandhi
  • #4,914
  • Edited 9:24am Feb 22, 2010 8:23am | Edited 9:24am
Be aware of a range in place:
http://www.forexlive.com/86668/all/b...ket-surrounded

Quote
The central banker’s central bank is said to be a buyer on dips to 1.3590 and a seller toward 1.3630…Perhaps there is some options interest they are working around a 1.3600 strike.
Edit: Long Cable @ 1.5491 closed at be, looking for shorts now....the euro has moved lower, previous order wouldn't have been bad. Sellers spotted on Cable.
"Hate the sin, love the sinner." - Gandhi
  • #4,915
  • Feb 22, 2010 10:55am Feb 22, 2010 10:55am
Quoting wormboy
hi shades

it's the 200ema actually. magix brought the attention to me and I had used it on my m5 chart, not the m1.
I still use the same components to scalp ie trendlines but I had added the 200ema. See i've always had a problem in adding to position when scalping, but the 200ema had made it very easy for me. I added when price close above/below the 200ema.
I don't use mas much anymore tho especially on the htf as they lag way too much for my liking.
Wormie,

When scalping I have the 200 ema and 200 sma on the charts. I got the 200 sma from eohater and it does work as well. Many times it likes to stop right on that line and go back the other way for an easy 10 pips +. They are both usefull IMHO.

C.
  • #4,916
  • Feb 22, 2010 10:59am Feb 22, 2010 10:59am
Quoting Ctic
Wormie,

When scalping I have the 200 ema and 200 sma on the charts. I got the 200 sma from eohater and it does work as well. Many times it likes to stop right on that line and go back the other way for an easy 10 pips +. They are both usefull IMHO.

C.
Your right Ctic! Both work and can be used in tandem with one another. I use the sma myself. If it breaks it on the m15, I'm looking for it on the h1. If the h1 holds it, I'm looking for it back to the m15 200. Provides some nice scalping or gumping if you will! And further, if it breaks it on the h1, I'm looking for it on the h4 and back down to the h1. I know of a trader who only trades the 200sma and he lives very well from this trade alone.
Just digging in the trenches like everyone else!
  • #4,917
  • Feb 22, 2010 11:07am Feb 22, 2010 11:07am
Quoting eohater
Your right Ctic! Both work and can be used in tandem with one another. I use the sma myself. If it breaks it on the m15, I'm looking for it on the h1. If the h1 holds it, I'm looking for it back to the m15 200. Provides some nice scalping or gumping if you will! And further, if it breaks it on the h1, I'm looking for it on the h4 and back down to the h1. I know of a trader who only trades the 200sma and he lives very well from this trade alone.
I've added them and I wish I would have started trading them before...amazing how the market reacts to them! Easy to catch big moves with tight stops! Thank you eohater and ctic!
"Hate the sin, love the sinner." - Gandhi
  • #4,918
  • Feb 22, 2010 9:59pm Feb 22, 2010 9:59pm
Quoting wormboy
Added to position

GBPUSD

1. long @5474 sl @5210 [tp1 @5833] [tp2 @ 6270] (0.2)
2. long @5391 sl @5340 (0.5)

Stops amended.

GBPUSD

1. long @5474 sl @5400 [tp1 @5833] [tp2 @ 6270] (0.2)
2. long @5391 sl @5400 (0.5)
Thank You
  • #4,919
  • Feb 23, 2010 12:24am Feb 23, 2010 12:24am
Sold EurUsd @ 1.3636, will look to move the SL to breakeven soon.
"Hate the sin, love the sinner." - Gandhi
  • #4,920
  • Feb 23, 2010 12:30am Feb 23, 2010 12:30am
Quoting wormboy
Stops amended.

GBPUSD

1. long @5474 sl @5400 [tp1 @5833] [tp2 @ 6270] (0.2)
2. long @5391 sl @5400 (0.5)
hi wormboy, i have also entered long with [email protected], [email protected], [email protected] base on my fibo..

u have a very high target. appreciate if u can update ur action as well for ur position from time to time as a guidance for newbie like me..

been following ur analysis n it's indeed a very good analysis. keep up d good work wormboy..
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