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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #5,521
  • Mar 19, 2010 10:38am Mar 19, 2010 10:38am
Pattern is now complete. The vengabears have left the building.

chart:

1. http://www.forexfactory.com/showpost...stcount=207016

2. http://www.forexfactory.com/showpost...stcount=207166
Attached Image (click to enlarge)
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Thank You
  • #5,522
  • Mar 19, 2010 1:48pm Mar 19, 2010 1:48pm
Quoting wormboy
GBPUSD

1. long @5040 sl @NA (0.1)

Trade closed


GBPUSD

1. long @5040 closed @5019 (0.1)
Thank You
  • #5,523
  • Mar 19, 2010 1:50pm Mar 19, 2010 1:50pm
Quoting nAVIN2007
azim we need this shit to hold..

Hey bro

Nah, i was just playing with that long .. not gonna hold it.
We'll see next week if we'll get to build some serious positions again.
Have a good weekend bro!
Thank You
  • #5,524
  • Mar 19, 2010 1:52pm Mar 19, 2010 1:52pm
Quoting wormboy
Hey bro

Nah, i was just playing with that long .. not gonna hold it.
We'll see next week if we'll get to build some serious positions again.
Have a good weekend bro!

is it not good to hold this weekend am i missing something, DT saying the same thing? ..this a risky weekend or what?
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  • #5,525
  • Mar 19, 2010 1:54pm Mar 19, 2010 1:54pm
Quoting wormboy
Closed partial

GBP JPY

1. short @137.71 closed @135.93 (0.1)

Remaining stop amended.

GBP JPY

1. short @137.71 sl @137.60 (0.1)

Remaining stop amended.

GBP JPY

1. short @137.71 sl @137.50 (0.1)

Still looking for 131 for this trade. I don't see a move up. 140 was THE level. Won't be easy to long.

Okay bye everyone. Had been a great week. I've cleared my annual 30% target this week. Will be trading lesser from next week onwards & will only look to trade the bigger moves with lesser scalps involved.
Thank You
  • #5,526
  • Mar 19, 2010 1:57pm Mar 19, 2010 1:57pm
Quoting wormboy
Remaining stop amended.

GBP JPY

1. short @137.71 sl @137.50 (0.1)

Still looking for 131 for this trade. I don't see a move up. 140 was THE level. Won't be easy to long.

Okay bye everyone. Had been a great week. I've cleared my annual 30% target this week. Will be trading lesser from next week onwards & will only look to trade the bigger moves with lesser scalps involved.
That's so awesome WB! Good for you man, thank you so much for your charts/posts. Have a good weekend all.

Donnie
  • #5,527
  • Mar 19, 2010 2:00pm Mar 19, 2010 2:00pm
Quoting nAVIN2007
is it not good to hold this weekend am i missing something, DT saying the same thing? ..this a risky weekend or what?
Yea well it was triple witching so on his part maybe he'd didn't want to leave anything to chance and see how asia opens and react over the weekend. Just a guess.
I just didn't want to leave it because I've made quite a good amount and usually after huge moves like we saw earlier price would just consolidate for a while. I'm sure we can get in at a better price next week really
Thank You
  • #5,528
  • Mar 19, 2010 2:03pm Mar 19, 2010 2:03pm
Quoting uraceulose
That's so awesome WB! Good for you man, thank you so much for your charts/posts. Have a good weekend all.

Donnie

Thank you donnie. This had been one of the better starts to a year trading wise in a long time, market had been relatively easy to read tbh.
Hope you have a good weekend too my friend.
Thank You
  • #5,529
  • Mar 19, 2010 2:07pm Mar 19, 2010 2:07pm
Quoting wormboy
Yea well it was triple witching so on his part maybe he'd didn't want to leave to chance and see how asia opens and react over the weekend. Just a guess.
I just didn't want to leave it because I've made quite a good amount and usually after huge moves like we saw earlier price would just consolidate for a while. I'm sure we can get in at a better price next week really

yup yur right ..certainly looks setup to flex lower, i exited swissy asit appears a bit to risky as its pretty much the same trade but opposite..im just a £10 away from breakeven for the april tax year ..

u know me still trading micro (0.01) made the losses back hopefully this cable wont finish me off!! ..have a good weekend azim
  • #5,530
  • Mar 19, 2010 2:17pm Mar 19, 2010 2:17pm
Quoting nAVIN2007
yup yur right ..certainly looks setup to flex lower, i exited swissy asit appears a bit to risky as its pretty much the same trade but opposite..im just a £10 away from breakeven for the april tax year ..

u know me still trading micro (0.01) made the losses back hopefully this cable wont finish me off!! ..have a good weekend azim
yea .. well don't worry about the position sizes bro. You're doing great in my books not trying to lose money so fast like the usual gits
I've moved up a bit bro, got my hand wet with 50bucks/pip once last month & twice this month. All positive results, closed one with 37 pips, 12 pips & 68 pip the other. But the mental challenge is immense. Primetime trading is a different beast altogether so still babystep for me really with those big lots.
Most of my usual trades are still kept at 10usd/pip max tho.

Haven't seen you on skype for a while. See you next week?
Thank You
  • #5,531
  • Mar 19, 2010 2:39pm Mar 19, 2010 2:39pm
Quoting wormboy
yea .. well don't worry about the position sizes bro. You're doing great in my books not trying to lose money so fast like the usual gits
I've moved up a bit bro, got my hand wet with 50bucks/pip once last month & twice this month. All positive results, closed one with 37 pips, 12 pips & 68 pip the other. But the mental challenge is immense. Primetime trading is a different beast altogether so still babystep...

great going bro..u will get used to it and sure enough u will be flying as usual..im connected via skype now but unfortunately due to work cant be around but i will keep it connected hopefully will catc u on it time to time

have great weeknd bro...

50 buck a pip is no joke..thats not a step thats a mountain...but your one strong cookie
  • #5,532
  • Mar 19, 2010 2:40pm Mar 19, 2010 2:40pm
Quoting wormboy
yea .. well don't worry about the position sizes bro. You're doing great in my books not trying to lose money so fast like the usual gits
I've moved up a bit bro, got my hand wet with 50bucks/pip once last month & twice this month. All positive results, closed one with 37 pips, 12 pips & 68 pip the other. But the mental challenge is immense. Primetime trading is a different beast altogether so still babystep...
MIND GAMES AZIM.....
" Imagine i give a 20 FOOT PLANK TO YOU,and than ask you to place it between 2 CHAIRS...and walk from one chair to the other chair....EASY,no sweat......BUT than i ask you to place the SAME PLANK between 2 ....15 STOREY BUILDING and than ASK you to walk.......""...
its all in the MIND..
Take care and have a great w/e

baz
  • #5,533
  • Mar 19, 2010 3:14pm Mar 19, 2010 3:14pm
Great job Wormie.....incredible performance......I'm really pleased for you. You work very hard (& very smart) and def deserve it. Thanks for all your posts/opinions & enjoy the weekend.
  • #5,534
  • Mar 19, 2010 4:06pm Mar 19, 2010 4:06pm
Quoting baz
MIND GAMES AZIM.....
" Imagine i give a 20 FOOT PLANK TO YOU,and than ask you to place it between 2 CHAIRS...and walk from one chair to the other chair....EASY,no sweat......BUT than i ask you to place the SAME PLANK between 2 ....15 STOREY BUILDING and than ASK you to walk.......""...
its all in the MIND..
Take care and have a great w/e

baz
I agree Baz
I moved up to fast initially was having great trades but the tension was killing me, about 6 months ago moved back to 1 lot and have been slowly moving it up now a trade with a large amount does not bother me. its all in the mind but it takes getting used to, main thing is as long as your entry is sound and your risk management is good then a 20 lot trade soon becomes the sames as 1 lot
  • #5,535
  • Mar 20, 2010 8:21am Mar 20, 2010 8:21am
Quoting davids
I agree Baz
I moved up to fast initially was having great trades but the tension was killing me, about 6 months ago moved back to 1 lot and have been slowly moving it up now a trade with a large amount does not bother me. its all in the mind but it takes getting used to, main thing is as long as your entry is sound and your risk management is good then a 20 lot trade soon becomes the sames as 1 lot
Hi Davids
Great to hear from you.....yes ,i agree rgards the ENTRY.....with me ,once i traded higher lots.....I DONT LOOK AT THE LOSS/WIN on the TRADING PLATFORM.....i just focus on the CHART.....as only one of 2 things will happen to my trade......A PROFIT or a LOSS...

take care..

baz
  • #5,536
  • Mar 20, 2010 9:11am Mar 20, 2010 9:11am
Quoting baz
Hi Davids
Great to hear from you.....yes ,i agree rgards the ENTRY.....with me ,once i traded higher lots.....I DONT LOOK AT THE LOSS/WIN on the TRADING PLATFORM.....i just focus on the CHART.....as only one of 2 things will happen to my trade......A PROFIT or a LOSS...

take care..

baz
NICE TO HEAR FROM U BUDDY ..hope u doing well?..
  • #5,537
  • Mar 20, 2010 9:40am Mar 20, 2010 9:40am
Quoting nAVIN2007
NICE TO HEAR FROM U BUDDY ..hope u doing well?..
Navin.....Yes,its been a great start to the Year.....
But unlike "WORMY"...who is trading LTF,i guess thats what happens when you have "NEW FAMILY "......we have to become " MACHO TRADERs "...

i mean the Price of Milk.....so maybe he should also trade the " MILK FUTRES "..

But he is a Fantastick trader...

Navin take care.....you are doing well as well...HTF " ROCKs "..

baz
  • #5,538
  • Mar 20, 2010 4:55pm Mar 20, 2010 4:55pm
Quoting baz
Navin.....Yes,its been a great start to the Year.....
But unlike "WORMY"...who is trading LTF,i guess thats what happens when you have "NEW FAMILY "......we have to become " MACHO TRADERs "...
I have to be flexible baz, not about being macho, it's about getting paid, by any means necessary.
Thank You
  • #5,539
  • Mar 20, 2010 7:04pm Mar 20, 2010 7:04pm
Quoting wormboy
I have to be flexible baz, not about being macho, it's about getting paid, by any means necessary.
just kidding with you......i am a chicken compared to you...yes i hear the message " strike the Rod while its HOT " but you have great instincts.....and long may it continue...
take care and enjoy your w/e

baz
  • #5,540
  • Mar 21, 2010 2:14pm Mar 21, 2010 2:14pm
I've left my positions opened over-week, so here's an update with the running trades left the tps and sls.

The GBPUSD TP has been hit. I'm waiting for EURGBP to fly to the upside but I will take profit if we form a resistance, I think it's possible we'll move in a major downtrend on eurgbp. Toughts on EurGBP?

Waiting to buy GBPUSD also, will post if I get a signal
I got out of a sell on cable so the next trade must be a buy to get a good RR for me, even if I think it's down, I stick to the strategy.
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