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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #5,601
  • Mar 23, 2010 8:10pm Mar 23, 2010 8:10pm
Quoting TheGabriel
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.

hey gabe ..
frankly speaking i don't know what to make of yesterday's move lol ... but it was tradeable nonetheless .. so I'm not one to complain
Hope all is well with you. Good luck trading today
Thank You
  • #5,602
  • Edited 8:32pm Mar 23, 2010 8:22pm | Edited 8:32pm
Quoting wormboy
Closed partial

gbp usd

2. long @4991 closed @5021 (0.1)

Remaining trade unchanged.

gbp usd

1. long @5054 sl @4915 (0.1)

Added to position

gbp usd

1. long @5054 sl @4915 (0.1)
2. long @4996 sl @4915 (0.1)
Thank You
  • #5,603
  • Mar 23, 2010 8:32pm Mar 23, 2010 8:32pm
Quoting gelkassas
dear Wormie
would u please explain your system that you use in scalping
thanks in advance
hi gel.

I basically use the same model to scalp as I do to swing trade. Basic s/r, trendline breaks etc. Only difference is, I rarely am able to post my scalp entries & chart because I usually have larger pip size put in & I do not usually enforce hard stop, just mental stops. So it requires a bit more attention than usual.

Here's an example trade:

1. http://www.forexfactory.com/showpost...postcount=5445
2. http://www.forexfactory.com/showpost...postcount=5446
3. http://www.forexfactory.com/showpost...postcount=5457
4. http://www.forexfactory.com/showpost...postcount=5458
5. http://www.forexfactory.com/showpost...postcount=5459
Thank You
  • #5,604
  • Edited 8:54pm Mar 23, 2010 8:41pm | Edited 8:54pm
EurUsd

1. long @3453 sl @3300 tp @4270 (0.3)
Thank You
  • #5,605
  • Mar 23, 2010 9:01pm Mar 23, 2010 9:01pm
Does not get better than this to buy eu for the long haul imho, because if it gets any lower, it'll trigger the w1 flag & it's gonna be a long way down for euro.
But for me atm, it's at a bargain. Time will tell.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euh4.JPG Size: 67 KB
Click to Enlarge Name: euw.JPG Size: 48 KB
Thank You
  • #5,606
  • Mar 23, 2010 10:06pm Mar 23, 2010 10:06pm
Quoting wormboy
EurUsd

1. long @3453 sl @3300 tp @4270 (0.3)

nice trade. the 61.8 should be able to hold considering the support it has provided.
  • #5,607
  • Mar 23, 2010 10:36pm Mar 23, 2010 10:36pm
Quoting wormboy
EurUsd

1. long @3453 sl @3300 tp @4270 (0.3)
Hi WB,

about your TP did you draw a Fibo from the high of the weekly of 22 nov 09 with a target of 50% also if we draw a trendline we can see some good resistance in this area (1.4300).

on GU price sit also on the 61.8% fibo.....
Trade with the momentum
  • #5,608
  • Mar 23, 2010 11:45pm Mar 23, 2010 11:45pm
any trades today wormie?
  • #5,609
  • Mar 24, 2010 1:37am Mar 24, 2010 1:37am
Quoting TheGabriel
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.
EURUSD SL hit -84 pips
Quote
good call bro your Euro trade is executed? you are long iin Euro also? i am in a same ship with you in cable and eur
Closed bro
I think it's time to manage some drawdown now, back to 2300 pips for the month, hopefully won't give up too much profit.

AUDUSD buy closed to be +4 pips, closed and reversed to sell @ 0.91579 with sl 0.9200 and tp 0.90729.
"Hate the sin, love the sinner." - Gandhi
  • #5,610
  • Mar 24, 2010 3:21am Mar 24, 2010 3:21am
Quoting sailor68
Hi WB,

about your TP did you draw a Fibo from the high of the weekly of 22 nov 09 with a target of 50% also if we draw a trendline we can see some good resistance in this area (1.4300).

on GU price sit also on the 61.8% fibo.....
spot on mate .. well done
Attached Image (click to enlarge)
Click to Enlarge Name: euw1.gif Size: 18 KB
Thank You
  • #5,611
  • Mar 24, 2010 3:27am Mar 24, 2010 3:27am
Quoting TheGabriel
Good luck to you bro and wormie I know it's tempting to buy this low but I first need some confirmation before I buy.
thanks gabe

currently in a bit of drawdown for both trades. No scalps today, I overslept lol .. and still tired so I'm not gonna crack my head with scalps today. Will just run this trade out till friday unless i get stopped out.
D1 is stil creeping upwards, so careful if shorting from this current level. Good luck!
Thank You
  • #5,612
  • Mar 24, 2010 3:30am Mar 24, 2010 3:30am
Quoting wormboy
thanks gabe

currently in a bit of drawdown for both trades. No scalps today, I overslept lol .. and still tired so I'm not gonna crack my head with scalps today. Will just run this trade out till friday unless i get stopped out.
D1 is stil creeping upwards, so careful if shorting from this current level. Good luck!
It's pretty normal to oversleep when you scalp...really gets your heart some workout

Trades are starting to look good to me. Cable and Dragon should pick up and EurJpy and EurUsd too so will bring some good profit.
"Hate the sin, love the sinner." - Gandhi
  • #5,613
  • Mar 24, 2010 3:43am Mar 24, 2010 3:43am
Quoting TheGabriel
It's pretty normal to oversleep when you scalp...really gets your heart some workout

Trades are starting to look good to me. Cable and Dragon should pick up and EurJpy and EurUsd too so will bring some good profit.
dragon had obeyed the ascending ltl so far. beautiful jump earlier. did you take the trade?
Attached Image (click to enlarge)
Click to Enlarge Name: gy.gif Size: 15 KB
Thank You
  • #5,614
  • Mar 24, 2010 3:50am Mar 24, 2010 3:50am
cheap cable on sale. i'm buying
Thank You
  • #5,615
  • Mar 24, 2010 3:54am Mar 24, 2010 3:54am
Quoting wormboy
dragon had obeyed the ascending ltl so far. beautiful jump earlier. did you take the trade?
Yep at 135.943, took it on Monday and waiting to hit sl or tp, target is 138.75
Lol yes cheap cable , 1.50204 entry for me.
"Hate the sin, love the sinner." - Gandhi
  • #5,616
  • Mar 24, 2010 4:03am Mar 24, 2010 4:03am
Quoting TheGabriel
Yep at 135.943, took it on Monday and waiting to hit sl or tp, target is 138.75
Lol yes cheap cable , 1.50204 entry for me.
Good stuff. I was just watching, did not take one, not even a scalp lol.
Well atm uj is pulling her up. Think once cable follow thru you'll get 138 easy
Thank You
  • #5,617
  • Mar 24, 2010 4:12am Mar 24, 2010 4:12am
wb,

how often do you redraw your trend lines?

Quoting wormboy
dragon had obeyed the ascending ltl so far. beautiful jump earlier. did you take the trade?
  • #5,618
  • Mar 24, 2010 4:14am Mar 24, 2010 4:14am
Quoting coolshades
wb,

how often do you redraw your trend lines?
i don't, unless they're invalid & have little significance. I leave the major lines on & never redraw them/
Thank You
  • #5,619
  • Mar 24, 2010 4:20am Mar 24, 2010 4:20am
Quoting coolshades
ok, and you seem to be ok with a tl having just two touch points...
yes .. minimum requirement for me is 2 touches. Others have their own sets of rules tho
Thank You
  • #5,620
  • Mar 24, 2010 4:20am Mar 24, 2010 4:20am
wormie i am heavily short trade on us chf at 84. What is ur opinion?
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