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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #5,901
  • Mar 31, 2010 10:07am Mar 31, 2010 10:07am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
You will make it back wormie...

Better to scalp..market is rubbish for swings.

See you soon.

ta
ams

Quoting wormboy
Trades stopped out.

EurUsd

1. short @3441 stopped @3535 (0.2)
2. short @3411 stopped @3535 (0.1)

well i just got absolutely battered.
I have my 4% for this month. Think I'll bugger off till next monday before i do anything silly.
Good luck to everyone
  • #5,902
  • Mar 31, 2010 10:08am Mar 31, 2010 10:08am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hey Gab,

you missed buying of EG?


ta
ams


Quoting TheGabriel
Been away and missed EurGBP ...at least i got EurUsd.

AUDUSD buy soon at 0.9181 with TP 0.9282
  • #5,903
  • Mar 31, 2010 11:44am Mar 31, 2010 11:44am
Quoting ams
Hey Gab,

you missed buying of EG?


ta
ams
Yes ams. I've opened a buy at the market price right now and I've got the same entry i would have got if I entered before , it went down so I've got another chance.

I'm a bit unsure because EURGBP went up and got a fast sell off, cable and dragon are showing too much strength and eurogbp could be a risky pair to trade because both EurU and GBP are up.


Aud went up like expected so I'm buying.

New trades:
Buy EURGBP @ 0.89076 SL 0.88660 TP 0.89872
Buy AUDUSD @ 0.91827 SL 0.91270 TP 0.92859
Quoting ams
You will make it back wormie...

Better to scalp..market is rubbish for swings.

See you soon.

ta
ams
I agree is not easy to swing trade now... Last weeks of March have been better.
"Hate the sin, love the sinner." - Gandhi
  • #5,904
  • Edited 12:08pm Mar 31, 2010 11:54am | Edited 12:08pm
exited one position as i bought a bit high and i think theres a good chance 1.51 would be seen..damnit, oh well i had an excellent start to the year..no losses ..hope it can remain..

azim bro..i actually this year..made profit assuming i close this trade so far im down just £2 on 12 months and positive take this current trade into account..

thank u for yur help brother..i managed to achieve positive results and no doubt u played a big part to it!!!

big thank u to u ..and blessings
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: trade.gif Size: 15 KB
  • #5,905
  • Mar 31, 2010 12:20pm Mar 31, 2010 12:20pm
Quoting nAVIN2007
exited one position as i bought a bit high and i think theres a good chance 1.51 would be seen..damnit, oh well i had an excellent start to the year..no losses ..hope it can remain..

azim bro..i actually this year..made profit assuming i close this trade so far im down just £2 on 12 months and positive take this current trade into account..

thank u for yur help brother..i managed to achieve positive results and no doubt u played a big part to it!!!

big thank u to u ..and blessings
Very good trades nav! Don't care too much about losses as long as you have mm bro, it's impossible to not loose so it's better to expect losses imo.
"Hate the sin, love the sinner." - Gandhi
  • #5,906
  • Mar 31, 2010 12:27pm Mar 31, 2010 12:27pm
Quoting TheGabriel
Very good trades nav! Don't care too much about losses as long as you have mm bro, it's impossible to not loose so it's better to expect losses imo.

u know something..it is possible to trade and have 50 wins..that inspired me to be patient..if u take the best setups only..sky is the limit..turning point for me for actually my losses on cable and euro right at the end of the year..(losses are good so long as u use them to get better)

i lost cause i didnt believe in myself and i forced myself to address this issue..then i dont know what happenned but i started believing in myself, azim helped me on the displine side of things along with quan..and it started to change..

thanks for your kind words..very much appreciated bro!!
keep at it and force yourself to be patience..it only makes u stronger and more picky..and that my friend is something which can transform yur trading..
  • #5,907
  • Mar 31, 2010 12:53pm Mar 31, 2010 12:53pm
Quoting nAVIN2007
exited one position as i bought a bit high and i think theres a good chance 1.51 would be seen..damnit, oh well i had an excellent start to the year..no losses ..hope it can remain..

azim bro..i actually this year..made profit assuming i close this trade so far im down just £2 on 12 months and positive take this current trade into account..

thank u for yur help brother..i managed to achieve positive results and no doubt u played a big part to it!!!

big thank u to u ..and blessings
i am SO HAPPY for you.....keep it Up....and i remember the trades you took last year....especiall the WEEKLY PIN in Cable ( you went SHORT )..
But its all in the MIND ......MENTAL TOUGHNESS

baz
  • #5,908
  • Mar 31, 2010 12:57pm Mar 31, 2010 12:57pm
Quoting baz
i am SO HAPPY for you.....keep it Up....and i remember the trades you took last year....especiall the WEEKLY PIN in Cable ( you went SHORT )..
But its all in the MIND ......MENTAL TOUGHNESS

baz
thank u for your support always bro
  • #5,909
  • Mar 31, 2010 1:02pm Mar 31, 2010 1:02pm
Quoting nAVIN2007
thank u for yor support always bro
Navin, I just wanted to pop in and say congrats man! That is so awesome, your trading record this year.

I am actually down about 30 percent on the year so I really admire your patience.

Take care,

Donnie
  • #5,910
  • Mar 31, 2010 1:25pm Mar 31, 2010 1:25pm
Quoting uraceulose
Navin, I just wanted to pop in and say congrats man! That is so awesome, your trading record this year.

I am actually down about 30 percent on the year so I really admire your patience.

Take care,

Donnie
thanks donnie..hopefully we can both improve more
  • #5,911
  • Mar 31, 2010 3:27pm Mar 31, 2010 3:27pm
Quoting nAVIN2007
u know something..it is possible to trade and have 50 wins..that inspired me to be patient..if u take the best setups only..sky is the limit..turning point for me for actually my losses on cable and euro right at the end of the year..(losses are good so long as u use them to get better)

i lost cause i didnt believe in myself and i forced myself to address this issue..then i dont know what happenned but i started believing in myself, azim helped me on the displine side of things along with quan..and it started to change..

thanks for your kind words..very...
You're right bro, I think there are 2 ways to trade.

My problem is that if I try to pick what I think are the best setups I get emotionally attached somewhat because I think that these trades can't go wrong and when they go wrong it's a not easy to accept them...you said discipline and man you need a lot to trade like this.

My strategy is, do not chase the trends, wait for it to break a price that I decide usually as indicator of a new wave forming and then put 1:2 rr, this way I don't think too much because I tend to overthink and do much worse lol

Maybe with 1-2 more rules I could pick up better trades still without beeing emotionally attached, is not easy to do it without using additional indicators but will try so
"Hate the sin, love the sinner." - Gandhi
  • #5,912
  • Mar 31, 2010 3:52pm Mar 31, 2010 3:52pm
Quoting TheGabriel
You're right bro, I think there are 2 ways to trade.

My problem is that if I try to pick what I think are the best setups I get emotionally attached somewhat because I think that these trades can't go wrong and when they go wrong it's a not easy to accept them...you said discipline and man you need a lot to trade like this.

My strategy is, do not chase the trends, wait for it to break a price that I decide usually as indicator of a new wave forming and then put 1:2 rr, this way I don't think too much because I tend to overthink and do much worse...
the trick and actually the turning point was i tried to not be attached to my balance in account..and u know what happenned because i wasnt working..i got this idea of claiming back my car insurance..and i actually got a refund.

what happened then was i placed a trade and i was accepting the risk (drawdown) and was just thinking, it doesnt matter " its yur car insurance money"..LOL ..Then getting a job made it easier to accept risk..and it lead me to here..it really is all in the head bro!!!..gotta find a way to trade and just play the game without having the value for money in yur mind except for mm ofcourse...

not easy..im not even sure how things have changed ...might just be time..keep at it..and develop and hope things change..but the first step is wanting it!!!..and surrounding yourself with people having the strength to be strong.

azim have the toughest head i know
  • #5,913
  • Mar 31, 2010 10:53pm Mar 31, 2010 10:53pm
been a while since i last posted in here.. how's everybody doing??

here's my euro chart.. let's surf forex wave n make a lot of green pips..

http://i42.photobucket.com/albums/e3...31Mar10-04.jpg
  • #5,914
  • Mar 31, 2010 10:56pm Mar 31, 2010 10:56pm
Quoting nAVIN2007
the trick and actually the turning point was i tried to not be attached to my balance in account..and u know what happenned because i wasnt working..i got this idea of claiming back my car insurance..and i actually got a refund.

what happened then was i placed a trade and i was accepting the risk (drawdown) and was just thinking, it doesnt matter " its yur car insurance money"..LOL ..Then getting a job made it easier to accept risk..and it lead me to here..it really is all in the head bro!!!..gotta find a way to trade and just play the game...
hi WB & all the guys here
reading all your thoughts that are being exchange here is so enlightening
every point in your discussion strikes a chord somewhere
invaluable for newbies like me.
controlling ones emotion by having patience is paramount while waiting for the trade to be setup.
newbies like me always have the itch to enter a trade, otherwise there will be no excitement,
seeing your account drawing down knocks in some sense and wakes us up.
FX is indeed a good challenge of oneself against the entire market forces.
this is a challenge i take upon myself
i hope it make sense
thanks to all the senior traders in this tread for sharing led by WB
cheers
  • #5,915
  • Apr 1, 2010 3:42am Apr 1, 2010 3:42am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Seems we can take a punt @ 88 for EG....
This means downside for cable..
Attached Image (click to enlarge)
Click to Enlarge Name: eg1.gif Size: 20 KB
  • #5,916
  • Apr 1, 2010 4:54am Apr 1, 2010 4:54am
Quoting ams
You will make it back wormie...

Better to scalp..market is rubbish for swings.

See you soon.

ta
ams
Ams thanks bro
Thank You
  • #5,917
  • Apr 1, 2010 4:58am Apr 1, 2010 4:58am
Quoting wormboy
Ams thanks bro
Good morning Azim

How's the little one doing my friend?
Ghost Rider - WWTBMD?
  • #5,918
  • Apr 1, 2010 4:59am Apr 1, 2010 4:59am
Quoting nAVIN2007
exited one position as i bought a bit high and i think theres a good chance 1.51 would be seen..damnit, oh well i had an excellent start to the year..no losses ..hope it can remain..

azim bro..i actually this year..made profit assuming i close this trade so far im down just £2 on 12 months and positive take this current trade into account..

thank u for yur help brother..i managed to achieve positive results and no doubt u played a big part to it!!!

big thank u to u ..and blessings

way to go nav, I'm extremely happy you've manage to turn it around
Don't be taking all those pips you hear? Leave some for us ...

Good luck bro!
Thank You
  • #5,919
  • Apr 1, 2010 5:03am Apr 1, 2010 5:03am
Quoting A 5
hi WB & all the guys here
reading all your thoughts that are being exchange here is so enlightening
every point in your discussion strikes a chord somewhere
invaluable for newbies like me.
controlling ones emotion by having patience is paramount while waiting for the trade to be setup.
newbies like me always have the itch to enter a trade, otherwise there will be no excitement,
seeing your account drawing down knocks in some sense and wakes us up.
FX is indeed a good challenge of oneself against the entire market forces.
this is a challenge i...

Hi A5

Thanks for the kind words. Yes we have a tight group of friends here who make this place a-okay. Transparency here makes it easier for people to understand the reality in this business.
Hope you're having a good time trading. Good luck
Thank You
  • #5,920
  • Apr 1, 2010 5:05am Apr 1, 2010 5:05am
Quoting albchr
Good morning Azim

How's the little one doing my friend?
Afternoon bro

The little one is doing great thanks! I just got home matter of fact, took him for hepatitis-a jab
Thank You
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