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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #5,041
  • Feb 24, 2010 2:39pm Feb 24, 2010 2:39pm
Hi WB,

I have been trading forex for a year now and still got loads to learn (never realy stops does it?)

Was just wondering how long you have been at it yourself? You are my inspiration and I would like to know how long it to took u to get to where u are now in your trading...

Keep up the phenominal work.
Good luck.
  • #5,042
  • Feb 24, 2010 3:52pm Feb 24, 2010 3:52pm
I agree with piplover......Azim your trading is absolutely fantastic. Congrats on getting the year off to such a great start. I really enjoy the healthy discussion that's been taking place in The Wormhole and wish everyone much continued success.
  • #5,043
  • Feb 24, 2010 4:37pm Feb 24, 2010 4:37pm
Quoting elliot_l
I agree with piplover......Azim your trading is absolutely fantastic. Congrats on getting the year off to such a great start. I really enjoy the healthy discussion that's been taking place in The Wormhole and wish everyone much continued success.

I disagree with both of you. Azim is short right now and I am long so he is hampering me from turning profit...LOL, just kidding. Azim is a very good pattern trader, probably one of the best I have ever seen, hence why I gave him a vouch. Keep up the good work wormie..

C.
  • #5,044
  • Feb 24, 2010 5:19pm Feb 24, 2010 5:19pm
Quoting wormboy
Winner winner chicken dinner!!
Screw the 5 pips. Bailed @5425 ppppppaaaaaaaaaarty
Well done, baaadass trader

Bro, keep it real on the MM front
It's a dirty job but someone's gotta do it!
  • #5,045
  • Feb 24, 2010 7:13pm Feb 24, 2010 7:13pm
MAE everybody,

nice to wake up and see GU and dragon like this, i had one more pending order (dragon short at 139.25, but miss it just for a few pips) never mind looking later if can add more short position.
Trade with the momentum
  • #5,046
  • Feb 24, 2010 7:19pm Feb 24, 2010 7:19pm
Quoting sailor68
MAE everybody,

nice to wake up and see GU and dragon like this, i had one more pending order (dragon short at 139.25, but miss it just for a few pips) never mind looking later if can add more short position.
Closed my short on GU, EJ and dragon, waiting for some retracement...
Trade with the momentum
  • #5,047
  • Feb 24, 2010 8:48pm Feb 24, 2010 8:48pm
Quoting Denefx
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..
hehehe.. it feels good when my wild guess become true..

another wild guess on cable for today.. might retrace back to 1.5422/7. if unable to break, it will go deeper. will add another short here..
looking for [email protected], [email protected]..

hope i'll have another correct wild guess today..
  • #5,048
  • Feb 24, 2010 9:01pm Feb 24, 2010 9:01pm
Quoting wormboy
Closed partial

GBP JPY

1. short @140.28 closed @138.48 (0.1)


Remaining stop amended.

GBP JPY

1. short @140.28 sl @139.65 (0.1)

I love dragon. When she moves, she stops for no one. The same can't be said about cable

stop amended.

GBP JPY

1. short @140.28 sl @139.25 (0.1)
Thank You
  • #5,049
  • Feb 24, 2010 9:44pm Feb 24, 2010 9:44pm
Quoting wormboy
stop amended.

GBP JPY

1. short @140.28 sl @139.25 (0.1)
After getting my ass handed to me the past couple days I decided to go short. They won't quit until they hit the 161.8. So you may want to close your shorts and go long, since they have been after me all month....lol. My 18% gain is now down to 15%.

C.
  • #5,050
  • Feb 24, 2010 10:15pm Feb 24, 2010 10:15pm
Quoting PIP Lover
Hi WB,

I have been trading forex for a year now and still got loads to learn (never realy stops does it?)

Was just wondering how long you have been at it yourself? You are my inspiration and I would like to know how long it to took u to get to where u are now in your trading...

Keep up the phenominal work.
Good luck.
Hi PL

This is my 4th year trading. Still learning.
My first year trading was hell on earth. Blew half if ny account in my first 2 months of trading live. I felt suicidal that time lol
Took a few months off from trading live after that, went back to the drawing board to try get a workable system for myself.
Restarted my journey back I think after 7-8 months later & never looked back. Took me a more than a year to make back all those that I've lost in that first 2 months! That was a pain in the arse but rewarding nonetheless. Never look back since.
I'm sure you've read something similar like my story elsewhere.
Anyway, advises are free so I will offer mine for what it's worth. I have found that trading profitably has got very little to do with technical ability. A big part of trading comes down to self mastery. So, don't waste your time on technical, don't waste your time on those fad indicators. Just get down to one indicator or whichever charting technique you're using right now and use that and nothing else. Trust me all those technical analysis are the same. Heck, 90% of the time I only trade with candles & a bunch of lines lol. Our decision making in managing risk is the thing that will make that bit of difference between success & failure. I'm sure you already know this
Sorry for the long answer, I tend to get carried away when telling about journey.
All the best to you buddy!
Thank You
  • #5,051
  • Feb 24, 2010 10:15pm Feb 24, 2010 10:15pm
Quoting Ctic
After getting my ass handed to me the past couple days I decided to go short. They won't quit until they hit the 161.8. So you may want to close your shorts and go long, since they have been after me all month....lol. My 18% gain is now down to 15%.

C.
Wormie,

I am taking your advice. This recent short brought me back to 21% gain for the month. I am outa here....See you in March. My brain needs a rest. Don't know why I went counter trend.

C.
  • #5,052
  • Feb 24, 2010 10:18pm Feb 24, 2010 10:18pm
Quoting wormboy
Hi PL

This is my 4th year trading. Still learning.
My first year trading was hell on earth. Blew half if ny account in my first 2 months of trading live. I felt suicidal that time lol
Took a few months off from trading live after that, went back to the drawing board to try get a workable system for myself.
Restarted my journey back I think after 7-8 months later & never looked back. Took me a more than a year to make back all those that I've lost in that first 2 months! That was a pain in the arse but rewarding nonetheless. Never look back since....
LOL,

Your lucky. My first account I blew out to $46 USD from 5K with FXDD in 2 days. Still have that account, and still have it with the $46 in there. They send me an account statement every day...lol.
  • #5,053
  • Feb 24, 2010 10:22pm Feb 24, 2010 10:22pm
Quoting elliot_l
I agree with piplover......Azim your trading is absolutely fantastic. Congrats on getting the year off to such a great start. I really enjoy the healthy discussion that's been taking place in The Wormhole and wish everyone much continued success.
Elliot
Thank you brother. The market had been kind to me this year. Initially I had 30% as my target for this year. I am now up almost 20%. It's a fabulous start to the year really. I think beginning of next month I will start to trade a bit lesser & spend more time with my family, my newborn son to be precise because I'm already so close to be hitting my annual target
Anyway, hope you have a wonderful year too!
Thank You
  • #5,054
  • Feb 24, 2010 10:25pm Feb 24, 2010 10:25pm
Quoting Ctic
Wormie,

I am taking your advice. This recent short brought me back to 21% gain for the month. I am outa here....See you in March. My brain needs a rest. Don't know why I went counter trend.

C.
Hi C,
Always good to get it back my friend. And I think since you're already up by a good percentage, taking a break will do you more good than harm
I will see you back in march!


p/s : thanks for the vote of confidence buddy, I didn't notice till you mentioned it!
Thank You
  • #5,055
  • Feb 24, 2010 10:39pm Feb 24, 2010 10:39pm
Quoting sailor68
MAE everybody,

nice to wake up and see GU and dragon like this, i had one more pending order (dragon short at 139.25, but miss it just for a few pips) never mind looking later if can add more short position.
morning sailor!
nice drop
Thank You
  • #5,056
  • Feb 24, 2010 11:43pm Feb 24, 2010 11:43pm
Quote
My first year trading was hell on earth. Blew half if ny account in my first 2 months of trading live. I felt suicidal that time lol
Took a few months off from trading live after that, went back to the drawing board to try get a workable system for myself.
Restarted my journey back I think after 7-8 months later & never looked back.


I have been flat since last december after the same thing as what you described above happened to me and have always thought I was being a chicken. Now I am basically getting used to the GU movements and learning how to see the trends.

Thanks wormie for the assurance.
Yeah I know !!!
  • #5,057
  • Feb 24, 2010 11:51pm Feb 24, 2010 11:51pm
Quoting wormboy
morning sailor!
nice drop
Morning wormboy, yes nice drop,after this drop i closed some of my position, and 5 minutes later i lost my connection, my provider had some problem with server, now its ok, right now looking and waiting for a new entry but only short.
Trade with the momentum
  • #5,058
  • Feb 25, 2010 12:14am Feb 25, 2010 12:14am
Long EJ 120.62 (0.1)
Trade with the momentum
  • #5,059
  • Feb 25, 2010 12:18am Feb 25, 2010 12:18am
Quoting sailor68
Long EJ 120.62 (0.1)
usually im more bear than bull, but in this case, EJ 1H with have hammer and area of PA, let we see....
Trade with the momentum
  • #5,060
  • Feb 25, 2010 1:52am Feb 25, 2010 1:52am
Every single fall from the 19th of January retraced 50% & broke the ensuing ltl followed with one new low after another. And since the last retrace, we broke the ltl & just had a new low this morning. Still is pointing down bigtime imho, unless the htf ie the h4 close a reversal pattern, which like the last time out did I don't see buying as a good option. Will continue selling for now.

However, I will however look to tighten my open positions on cable & dragon before king speaks later.

Good luck.
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Thank You
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