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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #5,661
  • Mar 25, 2010 1:37am Mar 25, 2010 1:37am
Quoting danc
Because the EURO has been going down and the UD index up..and the EUR makes up 52% of the UDindex..I think off the top of my head..Oh according to my INdex live chart its is current ly at 2 /50% points a cluster of trend lines and a vaild hoz line..also on the monthly it has hit resistance at this point 5 times ..serious resistance..at least 3 times..so maby..a turn point??any how i am gonna take a punt 2 .. I will be the mug..
well the EU has triggered 3300
may be in for a good tumble
  • #5,662
  • Mar 25, 2010 2:35am Mar 25, 2010 2:35am
Quoting wormboy
Added to position

EurUsd

1. long @3453 sl @3300 tp @4270 (0.3)
2. long @3357 sl @3300 tp @4270 (0.1)
Trades stopped out.

EurUsd

1. long @3453 stopped @3300 (0.3)
2. long @3357 stopped @3300 (0.1)
Thank You
  • #5,663
  • Mar 25, 2010 2:38am Mar 25, 2010 2:38am
Quoting TheGabriel
Good luck bro, big support on daily, gotta bring you some cash!
Quoting digger1
hey wormie , tried to temper my kung fu so I didnt get your stp twice in a row lol, I am with you on the long ride now from 1.4876, hope we get a nice ride , cheers man

Cheers fellas
Nothing like a couple of losses to get the blood boiling lol.
Got my war drums ready today. Gonna take these bears to the cleaners
Thank You
  • #5,664
  • Mar 25, 2010 2:45am Mar 25, 2010 2:45am
Quoting wormboy
Cheers fellas
Nothing like a couple of losses to get the blood boiling lol.
Got my war drums ready today. Gonna take these bears to the cleaners
sorry for eurusd.....but that buy in GBPUSD....looks to me to be the one that covers all the losses for eurusd's trade
Raza
  • #5,665
  • Mar 25, 2010 2:50am Mar 25, 2010 2:50am
Quoting faridnajmi
Dear WB,

Can you explain why EurUsd is going south breaking 61.8 support. Need a sifu to give some insight on this. Or is it just a guessing game. Have been facing a lot of this and make me change acct to micro.

Thanks and Regards
salam najmi

saya bukan sifu
Knee jerk reaction when Euro Dollar pierced thru support earlier.

Government of Dubai to support restructuring of Dubai World, Nakheel through $9.5 bln in new funding
Written by Gerry Davies
March 25, 2010 at 06:37 GMT
"
-Support comes through Dubai Financial Support Fund
-Support ensures that Dubai World and Nakheel key contributors to economic future of Dubai, UAE
-Funding includes $5.7 bln remaining from previous loan made by government of Abu Dhabi, internal Dubai resources
-Govt offering to recapitalise Dubai World through the equitisation of the government’s $8.9 bln claim and a commitment to fund up to $1.5 bln in new funds
-Trade creditors will be offered a significant cash payment shortly and a tradable security
-Government to recapitalise Nakheel
-Government offering to inject approxiametely $8 bln in new funds to Nakheel. Nakheel 2010, 2011 sukuk to be paid in full as they fall due. Payout depends on getting sufficient support for proposal.
-Restructuring process is expected to take several months to implement
-After restructuring no more money for Dubai World in the future
-Nakheel projects will have “new direction” with phased implementation"



And it so happens our stops were placed smack in the firing line @3300 level
Don't dwell over it, move on to the next trade. I know losses can dent the confidence, don't let it. Losing in this business is inevitable, gotta learn to manage it. I personally think it's good that you're on micro account, it's a good platform to learn to manage your risk.

Good luck to you.

p/s: kalau ada apa apa hal, pm saya.
Thank You
  • #5,666
  • Mar 25, 2010 2:55am Mar 25, 2010 2:55am
Quoting shr5
sorry for eurusd.....but that buy in GBPUSD....looks to me to be the one that covers all the losses for eurusd's trade
why are you sorry ali? were you on the other side of my trade?
lol joking. It happens my friend
I will look to re enter eu long again, gotta get my timing right this time.
Hope you have a good day.

Regards.
Thank You
  • #5,667
  • Mar 25, 2010 2:58am Mar 25, 2010 2:58am
Quoting wormboy
why are you sorry ali? were you on the other side of my trade?
lol joking. It happens my friend
I will look to re enter eu long again, gotta get my timing right this time.
Hope you have a good day.

Regards.
Naah ....but i wish i was just kidding....you too have a great day.....i like the GU staying above 1.4910....it wasn't able to cross that figure throughout the night.....any targets in mind for GU?
Raza
  • #5,668
  • Mar 25, 2010 2:58am Mar 25, 2010 2:58am
Hi wormie....

yesterday i got that bad trade on usdjpy and was stopped out like u on eurusd.... was rather bad day... but we fall from the bear... just to jump on the bulls again, right?
I don't want a job, i want money!
  • #5,669
  • Mar 25, 2010 3:15am Mar 25, 2010 3:15am
Quoting wormboy
GBPUSD

1. long @4886 sl @4750 (0.1)
Very happy to join you today my friend. Bought 1.4937 on GBPUSD and 0.91228 AUDUSD, maybe will buy the euro too.
The buy I spotted yesterday on AUD proved to be quite big, I think investors see AUD like gold going to skyrocket again.
"Hate the sin, love the sinner." - Gandhi
  • #5,670
  • Mar 25, 2010 3:40am Mar 25, 2010 3:40am
Hi Wormy, are u still comitted to 'long' long term?

Quoting TheGabriel
Very happy to join you today my friend. Bought 1.4937 on GBPUSD and 0.91228 AUDUSD, maybe will buy the euro too.
The buy I spotted yesterday on AUD proved to be quite big, I think investors see AUD like gold going to skyrocket again.
  • #5,671
  • Mar 25, 2010 3:44am Mar 25, 2010 3:44am
Quoting shr5
Naah ....but i wish i was just kidding....you too have a great day.....i like the GU staying above 1.4910....it wasn't able to cross that figure throughout the night.....any targets in mind for GU?
No, no targets in mind yet. Just waiting to see if price can clear dp. First test was already rejected at the descending utl (18th - 23rd March LH). So gotta keep an eye on those. Flip side is there's a clear double bottom at the lows, so it's a bit of a limbo right now. Just like the htf where the D1 had already indicated the bearish flag kicking in but the W1 major ltl (18th January 09 low) is holding price up. Pretty much undecided yet if you as me where the large direction is headed to from here on. Scalping is the order of the day atm
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 17 KB
Thank You
  • #5,672
  • Mar 25, 2010 3:47am Mar 25, 2010 3:47am
Quoting A 5
well the EU has triggered 3300
may be in for a good tumble

And then again it may not......
  • #5,673
  • Mar 25, 2010 4:19am Mar 25, 2010 4:19am
Quoting dario1002
Hi wormie....

yesterday i got that bad trade on usdjpy and was stopped out like u on eurusd.... was rather bad day... but we fall from the bear... just to jump on the bulls again, right?
hi dario

yes, it was a bad day at the office. Myself included. But, we don't ball over the matter & move on to the next trade.
Scalp is the order of the day today. Current scalp on cable is amounting to 69.5 at 10usd/pip. Yesterday's losses on eu & cable cleared
Dwelling around is a fool's game. Don't let that loss dent your confidence my friend. Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: guscalp.JPG Size: 89 KB
Thank You
  • #5,674
  • Mar 25, 2010 4:21am Mar 25, 2010 4:21am
Quoting TheGabriel
Very happy to join you today my friend. Bought 1.4937 on GBPUSD and 0.91228 AUDUSD, maybe will buy the euro too.
The buy I spotted yesterday on AUD proved to be quite big, I think investors see AUD like gold going to skyrocket again.
Nicely done gabe
I don't trade much of the rest you mentioned, but aye cable is paying off nicely
stress free mode on again. good luck bro
Thank You
  • #5,675
  • Mar 25, 2010 4:23am Mar 25, 2010 4:23am
Quoting Kaylinkz
Hi Wormy, are u still comitted to 'long' long term?
Hi kaylinkz,
Yes I am. That's the bias, but until we get a clear go then I won't bet the whole farm. Would scalp till it does.
Thank You
  • #5,676
  • Mar 25, 2010 4:50am Mar 25, 2010 4:50am
Wormie... i have a question for u. If i am not mistaken u scalp with much more "power" than for the long term trade, why so? u think u are better in scalp? or it just gives u quicker response, or what?
I don't want a job, i want money!
  • #5,677
  • Mar 25, 2010 4:52am Mar 25, 2010 4:52am
okay .. eyes at the confluences for those who are building positions.
good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 17 KB
Thank You
  • #5,678
  • Mar 25, 2010 4:59am Mar 25, 2010 4:59am
Quoting dario1002
Wormie... i have a question for u. If i am not mistaken u scalp with much more "power" than for the long term trade, why so? u think u are better in scalp? or it just gives u quicker response, or what?
higher pip value you mean?
Yes, that's how I work. when scalping the ltf I usually place higher lotsize opposed to the longer swings. Let's just say that's my way to combat my psychological fears.
It has a lot to do with my account size. My account is still below 100k usd, so I do not have the mental strength to hold large position sizes for an extended period of time. I feel a lot more comfortable doing so on a short term basis.
When going for larger swings I would usually reduce my position sizes & I never max over 10usd/pip.
That's just me. As we are all different personally & financially, it's critical to find out how to manage your risk to work well for you.
Thank You
  • #5,679
  • Mar 25, 2010 5:04am Mar 25, 2010 5:04am
to add to this, most scalpers risk more on their trades because essentially the return in pip amounts is smaller.

i find scalping very draining and time consuming and very rarely do it. also i am not at all good at it (maybe thats the real reason )

Quoting wormboy
higher pip value you mean?
Yes, that's how I work. when scalping the ltf I usually place higher lotsize opposed to the longer swings. Let's just say that's my way to combat my psychological fears.
It has a lot to do with my account size. My account is still below 100k usd, so I do not have the mental strength to hold large position sizes for an extended period of time. I feel a lot more comfortable doing so on a short term basis.
When going for larger swings I would usually reduce my position sizes & I never max over 10usd/pip.
That's just me....
  • #5,680
  • Mar 25, 2010 5:05am Mar 25, 2010 5:05am
Quoting wormboy
higher pip value you mean?
Yes, that's how I work. when scalping the ltf I usually place higher lotsize opposed to the longer swings. Let's just say that's my way to combat my psychological fears.
It has a lot to do with my account size. My account is still below 100k usd, so I do not have the mental strength to hold large position sizes for an extended period of time. I feel a lot more comfortable doing so on a short term basis.
When going for larger swings I would usually reduce my position sizes & I never max over 10usd/pip.
That's just me....
Actually i find myself in that too... but all the times when i scalp and i got my 10 pips, i just take off half of my position... so it really doesn't make much sense...i have to work on it much more.
I don't want a job, i want money!
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