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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #5,581
  • Mar 23, 2010 3:06am Mar 23, 2010 3:06am
Thanks trev
Thank You
  • #5,582
  • Mar 23, 2010 5:15am Mar 23, 2010 5:15am
Quoting wormboy
GBPUSD

1. long @5054 sl @4915 (0.1)



Bounce at pvp & ltl.
Didn't quite work out this morning, but you do have a large SL, so obviously this is a long-term trade. What timescale are you thinking of and what is your TP, or is that open to debate? Thanks.

I was short @5080 this morning, but looking to cash some of it @4970. Maybe a good time to go long then?
  • #5,583
  • Mar 23, 2010 5:17am Mar 23, 2010 5:17am
Quoting wormboy
GBPUSD

1. long @5054 sl @4915 (0.1)



Bounce at pvp & ltl.
added to position

gbp usd

1. long @5054 sl @4915
2. long @4991 sl @4915 (0.1)
Thank You
  • #5,584
  • Mar 23, 2010 5:27am Mar 23, 2010 5:27am
Quoting bbakker
Didn't quite work out this morning, but you do have a large SL, so obviously this is a long-term trade. What timescale are you thinking of and what is your TP, or is that open to debate? Thanks.

I was short @5080 this morning, but looking to cash some of it @4970. Maybe a good time to go long then?
hi bakker,
yes wide stop, but take note that it's only at 1usd per pip trade. the 54 pip scalp i had earlier had totalled to over 500usd profit so i can afford the wide stop, even if this trade ends with a loss it does not hamper my earlier gains or equity. i am looking for the ltl retest at dp, if it fails, i will close thtradee
Thank You
  • #5,585
  • Mar 23, 2010 5:31am Mar 23, 2010 5:31am
Quoting wormboy
hi bakker,
yes wide stop, but take note that it's only at 1usd per pip trade. the 54 pip scalp i had earlier had totalled to over 500usd profit so i can afford the wide stop, even if this trade ends with a loss it does not hamper my earlier gains or equity. i am looking for the ltl retest at dp, if it fails, i will close thtradee
Thanks
  • #5,586
  • Mar 23, 2010 5:36am Mar 23, 2010 5:36am
btw i added solely based on daily support. could still come to bite me in the ass. but, since cable open above dp, we'll see
Thank You
  • #5,587
  • Mar 23, 2010 6:03am Mar 23, 2010 6:03am
Quoting wormboy
btw i added solely based on daily support. could still come to bite me in the ass. but, since cable open above dp, we'll see
what do u show as daily pivot... I have, today, 1.5046 am i wrong again?
  • #5,588
  • Mar 23, 2010 6:21am Mar 23, 2010 6:21am
Quoting Lurch_47
what do u show as daily pivot... I have, today, 1.5046 am i wrong again?
If u dont have a reliable PPX indicator..why dont u check constaintly with Action FX they are quite exact and reliable..from 1hr to mth..USD index looks strong.. 15 min and hr..
  • #5,589
  • Mar 23, 2010 6:29am Mar 23, 2010 6:29am
seconded. i use action fx myself.

please note that wb is citing OPEN of daily above pivot as one of the reasons for his trade.

folks - this is wb's journal. i want to read (primarily) his quality posts here and less of the meaningless stuff.

i too am guilty of cluttering this thread.

and groupies, keep away - though i guess thats the price of fame



Quoting danc
If u dont have a reliable PPX indicator..why dont u check constaintly with Action FX they are quite exact and reliable..from 1hr to mth..USD index looks strong.. 15 min and hr..
  • #5,590
  • Mar 23, 2010 6:34am Mar 23, 2010 6:34am
Quoting bbakker
Thanks
you're welcome
Thank You
  • #5,591
  • Mar 23, 2010 6:34am Mar 23, 2010 6:34am
Quoting Lurch_47
what do u show as daily pivot... I have, today, 1.5046 am i wrong again?
nope .. pretty close. I have mine @5047
Thank You
  • #5,592
  • Mar 23, 2010 6:40am Mar 23, 2010 6:40am
Quoting coolshades
seconded. i use action fx myself.

please note that wb is citing OPEN of daily above pivot as one of the reasons for his trade.

folks - this is wb's journal. i want to read (primarily) his quality posts here and less of the meaningless stuff.

i too am guilty of cluttering this thread.

and groupies, keep away - though i guess thats the price of fame

Thanks shades

I have no problems with friends posting here. Some of the guys who embrace this thread are excellent technical traders themselves & any input from them are greatly appreciated.
However I would just appreciate if we keep the chit chat to a minimum till the weekend
Questions & suggestions are welcomed here anytime, but like trev said earlier other than that I think it's best to take it to the appropriate threads. Ie the discussions of trade systems, because we do not do that here. We just discuss trade possibilities that's it. Hope no one is offended by this & would understand.

Have a good one!
Thank You
  • #5,593
  • Mar 23, 2010 6:51am Mar 23, 2010 6:51am
Here is my H4 and why I still am holding on to long position even tho the subltl as shown on my hourly chart earlier is already giving a valid sell signal.
I had received a pm asking me if I had missed the supposedly H&S formation or did I just ignore the fact. Would share my stance here for the question,
imho a H&S formation is a top reversal formation & I do not consider one forming at a bottom albeit probably being a temporary bottom being valid.
Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: guh4.JPG Size: 64 KB
Thank You
  • #5,594
  • Mar 23, 2010 7:20am Mar 23, 2010 7:20am
ltf had bottomed out. let's see if it's sustainable till dp.
Attached Image (click to enlarge)
Click to Enlarge Name: gum5.JPG Size: 49 KB
Thank You
  • #5,595
  • Mar 23, 2010 8:51am Mar 23, 2010 8:51am
Quoting wormboy
added to position

gbp usd

1. long @5054 sl @4915
2. long @4991 sl @4915 (0.1)
Closed partial

gbp usd

2. long @4991 closed @5021 (0.1)

Remaining trade unchanged.

gbp usd

1. long @5054 sl @4915 (0.1)
Thank You
  • #5,596
  • Mar 23, 2010 9:37am Mar 23, 2010 9:37am
another good day at the office.
Stress free trade from here on. Only 1 minilot left on the table.
Good luck to all
Attached Image (click to enlarge)
Click to Enlarge Name: gum5.JPG Size: 83 KB
Thank You
  • #5,597
  • Mar 23, 2010 10:36am Mar 23, 2010 10:36am
Quoting wormboy
another good day at the office.
Stress free trade from here on. Only 1 minilot left on the table.
Good luck to all
Excuse my ignorance, but do those green arrows indicate your trades? What is the difference between the big ones (long-term?) and the little ones (scalp?)? Red arrows would mean a loss, right? Looks like you have had a great start to your week
  • #5,598
  • Mar 23, 2010 11:05am Mar 23, 2010 11:05am
Quoting bbakker
Excuse my ignorance, but do those green arrows indicate your trades? What is the difference between the big ones (long-term?) and the little ones (scalp?)? Red arrows would mean a loss, right? Looks like you have had a great start to your week
yup, they are trade history. green would mean in +ve & red vice versa.
yea so far so good. most of them were full lot scalps. If they were smaller trades you won't catch me closing them at 5 pips
Thank You
  • #5,599
  • Mar 23, 2010 2:33pm Mar 23, 2010 2:33pm
Quoting wormboy
another good day at the office.
Stress free trade from here on. Only 1 minilot left on the table.
Good luck to all
I'm with you wormie, long term buy for me. Looks like today has only been a shakeout

Still running all the trades posted here and here.
"Hate the sin, love the sinner." - Gandhi
  • #5,600
  • Mar 23, 2010 6:19pm Mar 23, 2010 6:19pm
dear Wormie
would u please explain your system that you use in scalping
thanks in advance
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