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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #5,421
  • Mar 17, 2010 3:02am Mar 17, 2010 3:02am
Quoting wormboy
GBP JPY

1. short @137.71 sl @139.5 (0.3)


crazy spread at this hour ...
Hi WB,

I have a monthly pivot at 138.21 and a 50% fib 137.80 TL short term 148.43. And a good support zone at 137.22.

Its starting to look tired also.
  • #5,422
  • Mar 17, 2010 3:03am Mar 17, 2010 3:03am
Quoting PeterE
2 sets of these = 16 screens @ 19" each..........never flick between tabs again
Where do you get one of these? 8 is plenty for me.
  • #5,423
  • Mar 17, 2010 3:15am Mar 17, 2010 3:15am
Quoting Sifufx
Where do you get one of these? 8 is plenty for me.
here
  • #5,424
  • Mar 17, 2010 3:28am Mar 17, 2010 3:28am
Quoting PeterE
here
Thanks Peter. ,

Have 4 at present and 2 laptops. Need to tidy the office up. You have just saved me alot of searching.

Been thinking about this also. A laptop that has 3 monitors that slide out from the top cover. Be great for travelling.
  • #5,425
  • Edited 4:47am Mar 17, 2010 4:33am | Edited 4:47am
ouch...

another short in order for GU and GY?
  • #5,426
  • Mar 17, 2010 5:06am Mar 17, 2010 5:06am
ouch both trades stopped out wormie what is next?/?

Ub
  • #5,427
  • Mar 17, 2010 5:20am Mar 17, 2010 5:20am
Quoting ubaidahsan
ouch both trades stopped out wormie what is next?/?

Ub

ye of little faith.........the worm closed GU at 5211, and proceeded to scale-in multiple longs prior to the news release, ..........isnt it so worm !?

access to information, that's the way to trade
  • #5,428
  • Mar 17, 2010 5:28am Mar 17, 2010 5:28am
Quoting PeterE
ye of little faith.........the worm closed GU at 5211, and proceeded to scale-in multiple longs prior to the news release, ..........isnt it so worm !?

access to information, that's the way to trade
sadly, i took out all profits before the news... but left a portion of a short GU open... lost most of my profits....

ouch again... maybe one day i will learn to trade...
  • #5,429
  • Mar 17, 2010 5:29am Mar 17, 2010 5:29am
to those who use wb's journal as signals (or any other poster's journal for that matter), you should have your own system to trade. and losses will happen.



Quoting PeterE
ye of little faith.........the worm closed GU at 5211, and proceeded to scale-in multiple longs prior to the news release, ..........isnt it so worm !?

access to information, that's the way to trade
  • #5,430
  • Mar 17, 2010 5:39am Mar 17, 2010 5:39am
Sorry to hear about the losses guys.....they hurt. As coolshades said - losses will happen - but we all know worm is an excellent trader and I have learned much here. The two weekly pin bars were a very strong signal though. It's important not to follow someone blindly.
  • #5,431
  • Mar 17, 2010 5:41am Mar 17, 2010 5:41am
just having a bit of fun cool

.........and for the record i dont take wormie's trades

Quoting coolshades
to those who use wb's journal as signals (or any other poster's journal for that matter), you should have your own system to trade. and losses will happen.
  • #5,432
  • Mar 17, 2010 5:43am Mar 17, 2010 5:43am
actually, there isnt a problem in following someone blindly as long as you are fully aware that you are doing so and can the lumps as well.

peter e - no worries. was not aimed at you.


Quoting elliot_l
Sorry to hear about the losses guys.....they hurt. As coolshades said - losses will happen - but we all know worm is an excellent trader and I have learned much here. The two weekly pin bars were a very strong signal though. It's important not to follow someone blindly.
  • #5,433
  • Mar 17, 2010 5:46am Mar 17, 2010 5:46am
Quoting wormboy
GBPUSD

1. short @5256 sl @5350 (0.2)
Trade stopped out.


GBPUSD

1. short @5256 stopped @5350 (0.2)
Thank You
  • #5,434
  • Mar 17, 2010 5:47am Mar 17, 2010 5:47am
...but this week, since i got serious about following this thread, my gains have been over 469 pips, taking profits as i go (i follow a grid system of opening/closing trades) and suffering a loss of 120 pips, with overall gain just this week of 340.

this trading has been, in multitudes of thanks, to Azim, as he has continued to show me patience in trading.

develop a style? wish i could faster, but is going to take me time to try and figure out the total system WB uses... and with his continued patience, I will succeed (along with develop my own style)

again, thanks WB for the good profits...
  • #5,435
  • Mar 17, 2010 5:50am Mar 17, 2010 5:50am
Quoting Alex2010
Thank For YOur Sharing ... ！
Quoting yuan83
nice thread! i m following this thread
Thanks & welcome to the hole
Thank You
  • #5,436
  • Mar 17, 2010 5:53am Mar 17, 2010 5:53am
thats very good. congrats. i started in nov 2006 and only last year i started becoming consistently profitable.

i trade a variation of wayne jackson's system.

i have to say wb is an extremely enlightened trader (there are probably only a handful of his kind on FF that i know of) and i would think that his system may not be appropriate for a new beginner. i still dont understand many a time why he takes a trade (no doubt i am thick)

but have confidence in yourself and most importantly accept that losses will happen. once you eliminate the fear of failure, then the trading bit is the smaller bit.

Quoting Lurch_47
...but this week, since i got serious about following this thread,...
  • #5,437
  • Mar 17, 2010 5:54am Mar 17, 2010 5:54am
well, if you can maintain that average, you've cracked it

ironically, av. pips per week isnt important, in my view it's "consistency", the magic word

even if you had a solid history of say just 30 pips each week, then you could build your lot size over time, and in the end be very profitable.

actually i read someone at this forum, claiming they have a mere average of 40 pips each week, but they make over $100,000 a week

Quoting Lurch_47
my gains have been over 469 pips,
  • #5,438
  • Mar 17, 2010 5:55am Mar 17, 2010 5:55am
Quoting PeterE
ye of little faith.........the worm closed GU at 5211, and proceeded to scale-in multiple longs prior to the news release, ..........isnt it so worm !?

access to information, that's the way to trade

lol thanks for having faith in me!
But no, I took the loss without scaling in or scalping to even out the balances. I was away the whole day as I had some other work to do, so I was just checking my trades thru my mobile. There was no way I'm gonna scalp using the phone lol.
Last I checked at fo, price was still okay, but london boys weren't playing.
So .. next trade please
Thank You
  • #5,439
  • Mar 17, 2010 5:59am Mar 17, 2010 5:59am
Quoting coolshades
to those who use wb's journal as signals (or any other poster's journal for that matter), you should have your own system to trade. and losses will happen.
Quoting elliot_l
Sorry to hear about the losses guys.....they hurt. As coolshades said - losses will happen - but we all know worm is an excellent trader and I have learned much here. The two weekly pin bars were a very strong signal though. It's important not to follow someone blindly.

Exactly. Losing is part of this business .. part of any business. It's no big deal as long as the risk had been calculated before hand. Always another trade around the corner.

Hope you guys had a better day than me
Thank You
  • #5,440
  • Mar 17, 2010 6:04am Mar 17, 2010 6:04am
Quoting Lurch_47
...but this week, since i got serious about following this thread,...

Cade,

Don't mention it, as far as I'm concerned, I did not help anyone here because this thread is not a trade system thread. We just discuss the possibilities, so all those gains were your hard work
But as you said, you are learning. To me, the thing to strive for while learning is not to lose money, ie breakeven. But you are up way over 340 pips. That is nothing short of impressive. One of the reason people fail in this business is the need to have more. Don't fall into that my friend. That is 340 pips you never had, remember that
Thank You
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