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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #4,961
  • Feb 23, 2010 4:40am Feb 23, 2010 4:40am
Quoting wormboy
Excellent job
Hope your euro long didnt hurt you tho. Good luck!
for euro long, 1 hit my 1st tp, the other one closed at BE..

by d way, where do u see cable going? week low of 1.5346 maybe??
  • #4,962
  • Feb 23, 2010 5:30am Feb 23, 2010 5:30am
Quoting wormboy
Looks like dragon will likely crash & burn. Time will tell
just come back from my jog, short also this one from 141.52, just add more short....like you said time will tell
Trade with the momentum
  • #4,963
  • Feb 23, 2010 5:36am Feb 23, 2010 5:36am
Closing short 1.35640 at 1.35712 with a -7 pips loss, the level is getting stronger and not easy to break and move to my target. Happy with the result anyway , if we get to the initial TP means the signal was good so it's even better
"Hate the sin, love the sinner." - Gandhi
  • #4,964
  • Feb 23, 2010 6:42am Feb 23, 2010 6:42am
Target on eurusd hit and I managed to get back and have the initial tp at 1.3538 hit 1.3520 is where big stop losses lie and we might get there, there are also some options set to expire to today's market might be harder than usual to understand.
"Hate the sin, love the sinner." - Gandhi
  • #4,965
  • Feb 23, 2010 7:20am Feb 23, 2010 7:20am
Azim, I saw you have 1.49 as your long term target on GU. Look deeper brother. I've got 1.442x for my short from the top of the mountain in my sights. This monthly close will be key.
Just digging in the trenches like everyone else!
  • #4,966
  • Feb 23, 2010 7:22am Feb 23, 2010 7:22am
http://www.forexfactory.com/showpost...postcount=4942

Both shorts mentioned in the post above hit and closed with tp. Scalped 64 pips today with all planned scalping trades beeing positive (didn't trade scalping all day but switched in time), I don't know but I'm thinking I should stay with scalping because with the crazyness out there aiming for normal targets sometimes seems like is asking for too much.

I think that in the long run those who win are the ones that can take the pain.
"Hate the sin, love the sinner." - Gandhi
  • #4,967
  • Feb 23, 2010 7:34am Feb 23, 2010 7:34am
Quoting wormboy
GBPUSD

1. short @5430 sl @5575 (0.3)

Gone diving after the confirmed failure in the ltl retest.
Trade safe & good luck

Added to position

GBPUSD

1. short @5430 sl @5575 (0.3)
2. short @5430 sl @5450 (0.5)

Chart below shows why
Attached Image (click to enlarge)
Click to Enlarge Name: gum5.JPG Size: 47 KB
Thank You
  • #4,968
  • Feb 23, 2010 7:37am Feb 23, 2010 7:37am
Quoting wormboy
Added to position

GBPUSD

1. short @5430 sl @5575 (0.3)
2. short @5430 sl @5450 (0.5)

Chart below shows why
Good luck my friend, looks like a nice short run you got in, I hope you get few at least 200p off it

Taking my break now to get my blood moving , i'll be back if we start a new wave and pairs retrace up.
"Hate the sin, love the sinner." - Gandhi
  • #4,969
  • Feb 23, 2010 7:42am Feb 23, 2010 7:42am
Quoting eohater
Azim, I saw you have 1.49 as your long term target on GU. Look deeper brother. I've got 1.442x for my short from the top of the mountain in my sights. This monthly close will be key.
Yo eo,
I agree. 4330 is the lowest level I will go for if 4900 is taken out cleanly brother. 4900 61.8% weekly retrace tho .. plus I am not holding the hollywood trade from the top of the mountain anymore bro, I've cashed it
Thank You
  • #4,970
  • Feb 23, 2010 7:46am Feb 23, 2010 7:46am
Quoting wormboy
Yo eo,
I agree. 4330 is the lowest level I will go for if 4900 is taken out cleanly brother. 4900 61.8% weekly retrace tho .. plus I am not holding the hollywood trade from the top of the mountain anymore bro, I've cashed it
I'll be a buyer at that price myself brother! You know how I roll, up and down with the markets that trend east.
Just digging in the trenches like everyone else!
  • #4,971
  • Feb 23, 2010 7:47am Feb 23, 2010 7:47am
Quoting wormboy
Yo eo,
I agree. 4330 is the lowest level I will go for if 4900 is taken out cleanly brother. 4900 61.8% weekly retrace tho .. plus I am not holding the hollywood trade from the top of the mountain anymore bro, I've cashed it
Shorter term view for the shorts, we will see a major amount of buyers in the 504x-506x area. Myself included. Again, this weekly and monthly close will be key.
Just digging in the trenches like everyone else!
  • #4,972
  • Feb 23, 2010 7:52am Feb 23, 2010 7:52am
Quoting TheGabriel
Good luck my friend, looks like a nice short run you got in, I hope you get few at least 200p off it

Taking my break now to get my blood moving , i'll be back if we start a new wave and pairs retrace up.

Thanks gabe

I'm done scalping as well to cover the stops enforced on the new shorts taken. So I got my heart workout already
Attached Image (click to enlarge)
Click to Enlarge Name: gum1.JPG Size: 126 KB
Thank You
  • #4,973
  • Feb 23, 2010 8:03am Feb 23, 2010 8:03am
Quoting wormboy
Added to position

GBPUSD

1. short @5430 sl @5575 (0.3)
2. short @5430 sl @5450 (0.5)

Chart below shows why
Trade stopped out.

GBPUSD

2. short @5430 stopped @5450 (0.5)

Remaining trade unchanged

GBPUSD

1. short @5430 sl @5575 (0.3)
Thank You
  • #4,974
  • Feb 23, 2010 8:20am Feb 23, 2010 8:20am
Azim, here's my monthly. Have a look!
Attached Image (click to enlarge)
Click to Enlarge Name: monthly.PNG Size: 28 KB
Just digging in the trenches like everyone else!
  • #4,975
  • Feb 23, 2010 8:22am Feb 23, 2010 8:22am
My weekly as well!
Attached Image (click to enlarge)
Click to Enlarge Name: weekly.PNG Size: 46 KB
Just digging in the trenches like everyone else!
  • #4,976
  • Feb 23, 2010 9:14am Feb 23, 2010 9:14am
Quoting eohater
Azim, here's my monthly. Have a look!
Long way down bro
Thank You
  • #4,977
  • Edited 10:29am Feb 23, 2010 9:22am | Edited 10:29am
euro just break my weekly [email protected].. might go deep.. adding 1 more short now. i'm looking at 1.3443 which is a week low according to my chart..
  • #4,978
  • Edited 12:16pm Feb 23, 2010 11:47am | Edited 12:16pm
With the weakness going on with the Euro I can't see how Cable is holding up...it's possible i will buy for a re-test of 1.550, the level should act as good resistance imho.

----Retrace short lived good luck with your trades everybody, meet you all tomorrow.
"Hate the sin, love the sinner." - Gandhi
  • #4,979
  • Feb 23, 2010 6:33pm Feb 23, 2010 6:33pm
Quoting Denefx
euro just break my weekly [email protected].. might go deep.. adding 1 more short now. i'm looking at 1.3443 which is a week low according to my chart..
short hit sl for -30pip.. previous short position hit my [email protected].. end up with +25pip only..

waiting for next breakout opportunity..
  • #4,980
  • Edited 10:52pm Feb 23, 2010 10:25pm | Edited 10:52pm
my wild guess on cable..
expecting another big move today. might go up to 1.5460.. if this line break, 1.5481 will be nxt.. i'll be waiting at this line to either go long or short. if unable to break, i'll go deep with week low of 1.5346 will be my 1st target..


p/s: where's wormie? still waiting for his call..
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