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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #5,721
  • Mar 26, 2010 5:33am Mar 26, 2010 5:33am
Quoting wormboy
no placed it to square up against my cable gains earlier.
So between those two trades were closed at minimal loss (3pips).
Hairy day.
Gotta start all over again.
PA is hairy right now bro, moves are short lived and can't really take out as much as we want, this be the time we manage our losses and keep patience.
"Hate the sin, love the sinner." - Gandhi
  • #5,722
  • Mar 26, 2010 5:35am Mar 26, 2010 5:35am
hey.. the fact that wormie and gabriel are going in different ways really puzzles me.
I don't want a job, i want money!
  • #5,723
  • Mar 26, 2010 5:40am Mar 26, 2010 5:40am
Quoting dario1002
hey.. the fact that wormie and gabriel are going in different ways really puzzles me.
Wormie is going long term on it I think. You can see his SL is above 1.500 so I think he sees it as a strong barrier.
"Hate the sin, love the sinner." - Gandhi
  • #5,724
  • Mar 26, 2010 5:41am Mar 26, 2010 5:41am
Quoting TheGabriel
PA is hairy right now bro, moves are short lived and can't really take out as much as we want, this be the time we manage our losses and keep patience.
yes.
except euro tho .. been going up since asia.
bah .. fuck it. NEXT!
Thank You
  • #5,725
  • Mar 26, 2010 5:53am Mar 26, 2010 5:53am
Quoting wormboy
yes.
except euro tho .. been going up since asia.
bah .. fuck it. NEXT!

By the way wormie.... just wanted to thank for your "job" over here... i am learning much from u.. either when i ask u questions, or when u just post calls and i try to figure out myself what u see. Of course, there are good and bad calls.. and maybe eurusd is your b*atch, as for me is usdjpy, but your calls are 95% reliable and u are always willing to explain. And if i tell u this (the only call i took from u was the previous euro ones) u can believe me. Keep going man!!
I don't want a job, i want money!
  • #5,726
  • Mar 26, 2010 5:55am Mar 26, 2010 5:55am
Well here's what I see with cable.
Pretty much the same as yesterday, I'm taking into account over that bear flag on d1. And also price is still having problems getting past dp, which happens to parallel previous supp/res zone.
If price does clear dp later on, then maybe I'll have to rethink.
Still selling atm.


p/s : shades, they look better now don't they? I got me 2 more new screens
Attached Image(s) (click to enlarge)
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Thank You
  • #5,727
  • Mar 26, 2010 6:03am Mar 26, 2010 6:03am
wb much better. i am wondering whether to go short on euro again. h1 has closed on a pin, below 3390, below downward long term trend line.

hmmm
lets see.

Quoting wormboy
Well here's what I see with cable.
Pretty much the same as yesterday, I'm taking into account over that bear flag on d1. And also price is still having problems getting past dp, which happens to parallel previous supp/res zone.
If price does clear dp later on, then maybe I'll have to rethink.
Still selling atm.


p/s : shades, they look better now don't they? I got me 2 more new screens
  • #5,728
  • Mar 26, 2010 6:03am Mar 26, 2010 6:03am
Quoting wormboy
yes.
except euro tho .. been going up since asia.
bah .. fuck it. NEXT!
Missed that...was asleep 1.335 would have been my entry for a buy.
"Hate the sin, love the sinner." - Gandhi
  • #5,729
  • Mar 26, 2010 6:07am Mar 26, 2010 6:07am
one pair is as good as another. i find it very strange when people say they shd learn the behaviour of only a few pairs. the reason the likes of wb, dt and a few others i know of, follow only a few pairs is so that they can trade full lots on those select few pairs, and reduce their screen time in monitoring more pairs.

this thing about euro being or not being someone's bitch is all nonsense.

Quoting dario1002
By the way wormie.... just wanted to thank for your "job" over here... i am learning much from u.. either when i ask u questions, or when u just post calls and i try to figure out myself what u see. Of course, there are good and bad calls.. and maybe eurusd is your b*atch, as for me is usdjpy, but your calls are 95% reliable and u are always willing to explain. And if i tell u this (the only call i took from u was the previous euro ones) u can believe me. Keep going man!!
  • #5,730
  • Mar 26, 2010 6:12am Mar 26, 2010 6:12am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Wormie,

Have a look at Dollar index. It's going down still I see buying of EJ and GJ. This is making me suspicious as I expected rise with dollar going UP but it's opposite which is not making sense to me?


ta
ams




Quoting wormboy
Well here's what I see with cable.
Pretty much the same as yesterday, I'm taking into account over that bear flag on d1. And also price is still having problems getting past dp, which happens to parallel previous supp/res zone.
If price does clear dp later on, then maybe I'll have to rethink.
Still selling atm.


p/s : shades, they look better now don't they? I got me 2 more new screens
  • #5,731
  • Mar 26, 2010 6:16am Mar 26, 2010 6:16am
Quoting coolshades
one pair is as good as another. i find it very strange when people say they shd learn the behaviour of only a few pairs. the reason the likes of wb, dt and a few others i know of, follow only a few pairs is so that they can trade full lots on those select few pairs, and reduce their screen time in monitoring more pairs.

this thing about euro being or not being someone's bitch is all nonsense.

my friend u probably missed the spirit of what i wrote... anyway, i don't want to use this space (which isn't mine) just to quarrel on what i said or not.
So i wanted to say that eurjust broke a descending trendline from high of 17 march.. right on 1.34 ... how will u wait for confirm of going up or down from this level which seems to be a key one?
I don't want a job, i want money!
  • #5,732
  • Mar 26, 2010 6:21am Mar 26, 2010 6:21am
Quoting coolshades
one pair is as good as another. i find it very strange when people say they shd learn the behaviour of only a few pairs. the reason the likes of wb, dt and a few others i know of, follow only a few pairs is so that they can trade full lots on those select few pairs, and reduce their screen time in monitoring more pairs.

this thing about euro being or not being someone's bitch is all nonsense.
I trade multiple pairs and I can tell there's some difference in the "behaviour". I'm finding out that the strategy I use has somewhat better results with some pair, for example. EurGbp has a very nice behaviour, the moves are slow and this making it an easy pair to trade, on the other hand pairs like USDJPY have fast and wild moves and makes it hard to trade it using patterns.

If we compare EUROUSD to say Cable or Dragon, we can see that it is a much easier pair while cable and dragon will punish the inexperienced trader very fast.

I think it depends on the trading style one has, if you trade price action you should learn the timing and behaviour of the pair because there's a difference, Cable and Dragon for instance can have big moves in rather short time.
"Hate the sin, love the sinner." - Gandhi
  • #5,733
  • Mar 26, 2010 6:26am Mar 26, 2010 6:26am
Quoting dario1002
By the way wormie.... just wanted to thank for your "job" over here... i am learning much from u.. either when i ask u questions, or when u just post calls and i try to figure out myself what u see. Of course, there are good and bad calls.. and maybe eurusd is your b*atch, as for me is usdjpy, but your calls are 95% reliable and u are always willing to explain. And if i tell u this (the only call i took from u was the previous euro ones) u can believe me. Keep going man!!
you're welcome dario & many thanks for the kind words.
yes, eu had been a pain in the ass for me this week. But, so are cable & dragon, I can have losing streaks with those as well.

I have to apologise for the hissy fit I had yesterday but it irks me when people try to judge me based on a few bad trades.
Earlier, again someone who barely knows me was trying to pass judgement.

Quoting egkid
Hi bro
Am i allow to tell what i like and don't like on ur trading way?
If I'm allow i will say

You very good trader and make good profits no doubt of that

I don't like When u go against the trend and if u notice in last 4 months u lose only when u scalping against the trend (I think u need to control u r feeling some more on that spot)

Just my view and i post it because i only care and after all the thread to help each other)

Keep the great work
Quoting bonus76
when comes to gu u take great trades but euro it's ur weakness
Not that I can't take criticism, but what were the claims based on? 4 months losing because of scalping against the trend?? WTF is that? Don't really know what he's on about but my 30% annual target had already been met.
And I do not know how bonus76 can come up with that conclusion that I trade better on gu instead of eu really.
Based on a couple of losing trades on eu? Losing trades are normal.
I went through 11 straight losses last August trading Cable. Wonder if he'd think that I'm able to take great trades then if he knew me lol. The point is, no one escapes losing trades/period. Just gotta learn how to deal with it. And since dario said 95% of my trades are okay, I must be doing something right. Ha! That should be the equalizer.
It's easy to take the mickey out of some of us here who post our trades realtime BEFORE those moves happen. We are very transparent. So you'll understand why I have zero tolerance to those who post nada in value yet are trying to be wise asses

I thank the good people here who are constructive in their approach.
Thank You
  • #5,734
  • Mar 26, 2010 6:30am Mar 26, 2010 6:30am
Quoting coolshades
wb much better. i am wondering whether to go short on euro again. h1 has closed on a pin, below 3390, below downward long term trend line.

hmmm
lets see.
I think I'll refrain myself from commenting on eu this week
Thank You
  • #5,735
  • Mar 26, 2010 6:32am Mar 26, 2010 6:32am
Quoting wormboy
you're welcome dario & many thanks for the kind words.
yes, eu had been a pain in the ass for me this week. But, so are cable & dragon, I can have losing streaks with those as well.

I have to apologise for the hissy fit I had yesterday but it irks me when people try to judge me based on a few bad trades.
Earlier, again someone who barely knows me was trying to pass judgement.
Wormie those that for some bad trades think you're a bad trader are probably much worse traders.

Someone that has not understood that it does not take high percentage of profitable trades in order to be profitable, hardly can make any money.... I tried to achieve "perfection" thinking that high % is the key and I was ending up ruining a very profitable strategy.

ALL the profitable (even very profitable) traders have losing trades....when you try to avoid losses and be "perfect" you only end up beeing a much bigger loser....
Go ask Warren Buffet or Soros (talking about this two because everyone knows them) about how many losses they get and you'll see they're not scared about them and have them BIG aswell (like a negative balance for a year for example) and they make even lower % compared to some of us, so a good trader is one that knows to maximixe profits and accepts losses because it's IMPOSSIBLE to not loose.
"Hate the sin, love the sinner." - Gandhi
  • #5,736
  • Edited 7:16am Mar 26, 2010 6:45am | Edited 7:16am
Quoting ams
Wormie,

Have a look at Dollar index. It's going down still I see buying of EJ and GJ. This is making me suspicious as I expected rise with dollar going UP but it's opposite which is not making sense to me?


ta
ams

Hi ams

Sterling is showing some weakness & yen losing more.
I won't be touching those with a barge pole today
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Thank You
  • #5,737
  • Mar 26, 2010 6:49am Mar 26, 2010 6:49am
Quoting TheGabriel
Wormie those that for some bad trades think you're a bad trader are probably much worse traders.

Someone that has not understood that it does not take high percentage of profitable trades in order to be profitable, hardly can make any money.... I tried to achieve "perfection" thinking that high % is the key and I was ending up ruining a very profitable strategy.

ALL the profitable (even very profitable) traders have losing trades....when you try to avoid losses and be "perfect" you only end up beeing a much bigger loser....
Go ask Warren Buffet...

Thanks Gabe.
You summed that up "perfectly"


p/s: Eu is relentless today no? 120 pips up & we're not even in NY session yet!
Thank You
  • #5,738
  • Mar 26, 2010 6:54am Mar 26, 2010 6:54am
Quoting wormboy
Thanks Gabe.
You summed that up "perfectly"


p/s: Eu is relentless today no? 120 pips up & we're not even in NY session yet!
Entirely missed this one because I had some work to do and went to bed too late I would have bought this for a test of 1.3500

I'm in an EURGBP buy and that too shows strength, EURJPY too and I should have let it run to tp . It is because the Greece deal probably.
"Hate the sin, love the sinner." - Gandhi
  • #5,739
  • Mar 26, 2010 6:54am Mar 26, 2010 6:54am
Quoting wormboy
Thanks Gabe.
You summed that up "perfectly"


p/s: Eu is relentless today no? 120 pips up & we're not even in NY session yet!
Yep... OUCH!
Ghost Rider - WWTBMD?
  • #5,740
  • Edited 7:29am Mar 26, 2010 7:02am | Edited 7:29am
By the way, would like to share to the new guys.

The trend is your friend

Bollocks. That saying is so overrated, don't buy into the hype.
Trading with the trend is just a safer way but it's not the only way.
So if you're learning, learn to counter trend trade as well. Very useful skill to have in the bag once mastered. Those tops & bottoms wouldn't be all to hard to pick when you know how. My 2009 trades were nearly 80% counter trend.
Some of my buddies here said my "buy" button that time was broken
But those counter trend trades yielded some great results.

Just a thought.
Thank You
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