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Better-than-the-wormhole 555 replies

Attachments: The WoRmHoLe
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The WoRmHoLe

  • #6,001
  • Apr 6, 2010 5:27am Apr 6, 2010 5:27am
GBPUSD

1. long @5133 sl @5125 (0.5)
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  • #6,002
  • Apr 6, 2010 5:44am Apr 6, 2010 5:44am
Quoting wormboy
GBPUSD

1. long @5133 sl @5125 (0.5)
Trade closed

GBPUSD

1. long @5133 closed @5159 (0.5)

Recovered half of earlier loss ... another half to go
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  • #6,003
  • Apr 6, 2010 5:53am Apr 6, 2010 5:53am
GBPUSD

1. short @5160 sl @5168 (0.2)
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  • #6,004
  • Apr 6, 2010 6:00am Apr 6, 2010 6:00am
Quoting wormboy
GBPUSD

1. short @5160 sl @5168 (0.2)

oops

GBPUSD

1. short @5160 stopped @5168 (0.2)

Interesting close at the H1
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  • #6,005
  • Apr 6, 2010 6:14am Apr 6, 2010 6:14am
GBPUSD

1. short @5187 sl @5325 (0.2)
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  • #6,006
  • Apr 6, 2010 6:19am Apr 6, 2010 6:19am
wb,

could you show chart for this? if price closes above 5170-80 ish s/r, wouldnt you rather go long?

Quoting wormboy
GBPUSD

1. short @5187 sl @5325 (0.2)
  • #6,007
  • Apr 6, 2010 6:40am Apr 6, 2010 6:40am
Quoting coolshades
wb,

could you show chart for this? if price closes above 5170-80 ish s/r, wouldnt you rather go long?
I have not come to the thought of building long positions yet.
Attached Image (click to enlarge)
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  • #6,008
  • Apr 6, 2010 7:05am Apr 6, 2010 7:05am
Quoting wormboy
hi indeskey.

looks like a bad trade there sorry. i would've sold only at the break of 93.65 ... your silver lining is that currently it is a bearish day for uy, so you might still be able to...
Thanks for your advise WB...

Like u say, loss had to be maintained...

Looks like u're to be aggressive to enter the market right now WB...


Salam,
Indeskey
  • #6,009
  • Apr 6, 2010 11:22am Apr 6, 2010 11:22am
Quoting wormboy
GBPUSD

1. short @5187 sl @5325 (0.2)

Added to position

GBPUSD

1. short @5187 sl @5325 (0.2)
2. short @5223 sl @5325 (0.3)
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  • #6,010
  • Apr 6, 2010 1:37pm Apr 6, 2010 1:37pm
wtf is this?? grrr back to day open price!
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  • #6,011
  • Apr 6, 2010 1:43pm Apr 6, 2010 1:43pm
Quoting wormboy
wtf is this?? grrr back to day open price!

I know! No kidding WB, I did just take a small short at the DP with a 50 pip stop and a 30 pip first target, we'll c how it goes..

DZ
  • #6,012
  • Apr 6, 2010 1:44pm Apr 6, 2010 1:44pm
Sorry, here's my reason.

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  • #6,013
  • Apr 6, 2010 1:44pm Apr 6, 2010 1:44pm
Quoting uraceulose
I know! No kidding WB, I did just take a small short at the DP with a 50 pip stop and a 30 pip first target, we'll c how it goes..

DZ
yea the dp is holding the progress for now donnie, but bloody hell price dived down deep into my stop @5175 plus some ... & shot back up to opening price!
it aint funny
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  • #6,014
  • Apr 6, 2010 1:48pm Apr 6, 2010 1:48pm
Quoting wormboy
yea the dp is holding the progress for now donnie, but bloody hell price dived down deep into my stop @5175 plus some ... & shot back up!
it aint funny

It's BS, what's happened on quite a few of your trades over these last few weeks. Mine too, you guys in here still did better than I did but these ranges have been tough.
You already know but you have great instincts, if we both stick to MM. We'll end up on top. I'm not telling you anything you don't already know but I just wanted to try and provide some words of encouragement because you've helped me to learn over these last few months.

Take care,

Donnie
  • #6,015
  • Apr 6, 2010 7:11pm Apr 6, 2010 7:11pm
Quoting uraceulose
It's BS, what's happened on quite a few of your trades over these last few weeks. Mine too, you guys in here still did better than I did but these ranges have been tough.
You already know but you have great instincts, if we both stick to MM. We'll end up on top. I'm not telling you anything you don't already know but I just wanted to try and provide some words of encouragement because you've helped me to learn over these last few months.

Take care,

Donnie
Thanks for the encouraging words my friend. Refreshing to have read this after a poor trading day.
I hope you come out tops with your trades as well donnie

Btw, here is my view on cable atm.

Chart:

1. http://cdn.forexfactory.com/attachme...8&d=1270590327
2. http://cdn.forexfactory.com/attachme...9&d=1270590327

Let's see how it goes. Good luck buddy!
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  • #6,016
  • Apr 6, 2010 7:15pm Apr 6, 2010 7:15pm
Thank you WB. Good luck to you too my friend, I actually wussed out on that short before and then watched it turn just now...oh well.

Thank you again for the kind words and take care.

Donnie
  • #6,017
  • Apr 6, 2010 8:28pm Apr 6, 2010 8:28pm
okay ... follow up to earlier charts:

1. http://www.forexfactory.com/showpost...stcount=213562


Currently price is threatening to breakout from the steep ltl bringing the diamond into play. Current hour close will determine if we'll get it.
Earlier H4 had also closed a bearish formation, albeit not too strong, so we'd prefer the current H4 to close @5200 or lower & producing the three inside down formation. Today's dp however is @5218, possibility a wall of buyers around that level waiting.
Setting price alert @5218 this time before bed, not planning to get up from sleep in red like yesterday lol

Good luck everyone
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  • #6,018
  • Apr 6, 2010 9:58pm Apr 6, 2010 9:58pm
Ucad

1. long @0.9997 sl @0.9785 (0.1)
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  • #6,019
  • Apr 7, 2010 4:09am Apr 7, 2010 4:09am
Wormie, should one buy above dpp and sell below dpp, what d best way to use d dpp?
  • #6,020
  • Apr 7, 2010 4:20am Apr 7, 2010 4:20am
Theres plenty of instructions on pivot points mjay do some research and see what they do and what they used for wormie even has pictures for you to see ...
Its fighting with tha 200 day MA and is the currant obstacle at the moment ..honestly the trend is up so buying support may be my plan of attack for me...cheers.
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