The WoRmHoLe | Page 267 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better-than-the-wormhole 555 replies

Attachments: The WoRmHoLe
Exit Attachments

The WoRmHoLe

  • #5,321
  • Mar 10, 2010 6:36am Mar 10, 2010 6:36am
Quoting fx_addict
Today's low stopped 1 pip above 78.6% retracement level. It strengthens a possibility of a big move up.

a
By Jamie Coleman || March 10, 2010 at 14:12 GMT

For you Citi fans, CitiFX Techs have gone long cable with a stop below the 1.4775 level and a 1.57 target.




Thank You
  • #5,322
  • Mar 10, 2010 8:59am Mar 10, 2010 8:59am
Quoting wormboy
EurUsd

1. long @3598 sl @3500 (0.5)

Closed partial

EurUsd

1. long @3598 closed @3658 (0.3)


Remaining trade unchanged

EurUsd

1. long @3598 sl @3500 (0.2)
Thank You
  • #5,323
  • Mar 10, 2010 2:34pm Mar 10, 2010 2:34pm
Quoting wormboy
whoaa .. slow down mate

First of, I didn't long below resistance. I bought at day open above the daily pivot. Here is the entry from 7 hours ago:
1. http://www.forexfactory.com/showpost...postcount=5299

Attached chart below, you can see the bar 7 hours ago was above dp. Second, my emergency stop was placed slightly below supp level. Third, this is the daily dx:
1. http://www.forexfactory.com/showpost...stcount=204654
As you can see, dx is no where near going above the major resistance without...
Hey WB,

Thanks for a great explanation. I see it had a 70 up from your entry.
I entered this also at S1 1.3549 about 3hrs later with a 25 pip stop. my stop is now 1.3620 and target 3691/ 3700 and a break of 3740 will open the gate to 1.4000 zone. , Think that ill be it. But, hey who knows. Worth watch the USDCHF around the 1.0679 and 1.0711

Loosing is part of the game.

No need for sorry, We all have a life apart from trading
  • #5,324
  • Mar 10, 2010 11:59pm Mar 10, 2010 11:59pm
Hi worm...

usually around what time do you check if the price is above dp or below it? inorder to decide whether to buy or sell?

looking forward to your reply

thanks

Ali
Raza
  • #5,325
  • Mar 11, 2010 1:55am Mar 11, 2010 1:55am
Quoting shr5
Hi worm...

usually around what time do you check if the price is above dp or below it? inorder to decide whether to buy or sell?

looking forward to your reply

thanks

Ali
Hi ali .. after the new daily bar opens. I am usually up around an hour after japan open, so I check at that time.
Thank You
  • #5,326
  • Mar 11, 2010 1:56am Mar 11, 2010 1:56am
Quoting wormboy
Hi ali .. after the new daily bar opens. I am usually up around an hour after japan open, so I check at that time.
that simple eh? thanks bro.....so are u bullish in eurusd and gbpusd as well due the fact they opened above dp today?

thanks for the reply....
Raza
  • #5,327
  • Mar 11, 2010 2:09am Mar 11, 2010 2:09am
Quoting wormboy
Closed partial

GBPUSD

2. long @4898 closed @4934 (0.1)

Remaining trade unchanged

GBPUSD

1. long @4926 sl @4870 (0.2)

Closed partial

GBPUSD

1. long @4926 closed @5016 (0.1)


Remaining stop amended.

GBPUSD

1. long @4926 sl @4930 (0.1)
Thank You
  • #5,328
  • Mar 11, 2010 2:12am Mar 11, 2010 2:12am
Quoting shr5
that simple eh? thanks bro.....so are u bullish in eurusd and gbpusd as well due the fact they opened above dp today?

thanks for the reply....
yes. no need to make things hard.
yup, I've had a good start on both the pairs when i bought yesterday, no reason for me to look the other way. Managing existing trade is more relaxing than finding new entry
Thank You
  • #5,329
  • Mar 11, 2010 2:17am Mar 11, 2010 2:17am
Quoting wormboy
Closed partial

EurUsd

1. long @3598 closed @3658 (0.3)


Remaining trade unchanged

EurUsd

1. long @3598 sl @3500 (0.2)

Remaining stop amended

EurUsd

1. long @3598 sl @3565 (0.2)
Thank You
  • #5,330
  • Mar 11, 2010 2:20am Mar 11, 2010 2:20am
Next upside target for eu is obviously 3700.
Textbook stuff earlier when frankies tested the dp & got rejected. Only way after is up
Attached Image (click to enlarge)
Click to Enlarge Name: euh1.JPG Size: 82 KB
Thank You
  • #5,331
  • Mar 11, 2010 2:28am Mar 11, 2010 2:28am
Here's the halfday chart from yesterday:
1. http://www.forexfactory.com/showpost...stcount=204920

As you can see from the chart put up yesterday, my price alert @5025 had been triggered. From here on I'll be keeping a close eye to see if we can manage to close above this level.
Attached Image (click to enlarge)
Click to Enlarge Name: guhalfday.JPG Size: 95 KB
Thank You
  • #5,332
  • Mar 11, 2010 2:32am Mar 11, 2010 2:32am
Quoting wormboy
Here's the halfday chart from yesterday:
1. http://www.forexfactory.com/showpost...stcount=204920

As you can see from the chart put up yesterday, my price alert @5025 had been triggered. From here on I'll be keeping a close eye to see if we can manage to close above this level.
Bro is there any rate that we could buy around or the current rate of around 5020 not a bad buy? would love to hear your thoughts....thanks again
Raza
  • #5,333
  • Mar 11, 2010 2:34am Mar 11, 2010 2:34am
Quoting wormboy
Next upside target for eu is obviously 3700.
Textbook stuff earlier when frankies tested the dp & got rejected. Only way after is up
3680 has been a tough nut to crack on the 4H. Your thoughts bro?
Ghost Rider - WWTBMD?
  • #5,334
  • Mar 11, 2010 2:34am Mar 11, 2010 2:34am
Quoting wormboy
Next upside target for eu is obviously 3700.
Textbook stuff earlier when frankies tested the dp & got rejected. Only way after is up
No way that's a bull flag, it's not even an up trend. Looking at the upper trend line on the hourly, That's where we'll reverse. Could be wrong though. Sticking my neck out here. Chop it off!
Gone to a better place
  • #5,335
  • Mar 11, 2010 2:37am Mar 11, 2010 2:37am
Quoting wormboy
Here's the halfday chart from yesterday:
1. http://www.forexfactory.com/showpost...stcount=204920

As you can see from the chart put up yesterday, my price alert @5025 had been triggered. From here on I'll be keeping a close eye to see if we can manage to close above this level.
Agreed, 5030/50 area could set up some retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_4_hour.gif Size: 29 KB
Ghost Rider - WWTBMD?
  • #5,336
  • Mar 11, 2010 2:40am Mar 11, 2010 2:40am
Quoting shr5
Bro is there any rate that we could buy around or the current rate of around 5020 not a bad buy? would love to hear your thoughts....thanks again
Nah, I personally wouldnt recommend a purchase below 5030. Closing price that is. Keep an eye on it tho
Thank You
  • #5,337
  • Mar 11, 2010 2:42am Mar 11, 2010 2:42am
Quoting albchr
3680 has been a tough nut to crack on the 4H. Your thoughts bro?
I agree bro. Which is why I am just gonna tp @3700 level. A spike would do, not counting for a close above it tbh. This had been a bonus trade for me really. I also am holding gy long from 100 pips lower, forgot to log the trade here so didnt bother
Thank You
  • #5,338
  • Mar 11, 2010 2:44am Mar 11, 2010 2:44am
Quoting smikester
No way that's a bull flag, it's not even an up trend. Looking at the upper trend line on the hourly, That's where we'll reverse. Could be wrong though. Sticking my neck out here. Chop it off!
lol, good luck shorting. I'm already scott free
Thank You
  • #5,339
  • Mar 11, 2010 3:01am Mar 11, 2010 3:01am
Quoting wormboy
I agree bro. Which is why I am just gonna tp @3700 level. A spike would do, not counting for a close above it tbh. This had been a bonus trade for me really. I also am holding gy long from 100 pips lower, forgot to log the trade here so didnt bother
Eur is sitting on support ATM...but

What I'm looking at.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_1h.gif Size: 33 KB
Ghost Rider - WWTBMD?
  • #5,340
  • Mar 11, 2010 3:03am Mar 11, 2010 3:03am
Quoting wormboy
lol, good luck shorting. I'm already scott free
Hey wormboy my (weekly/daily) shorts are waiting at 1.34. No position at the moment.
Gone to a better place
7 traders viewing now