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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #6,221
  • Apr 20, 2010 8:13pm Apr 20, 2010 8:13pm
Quoting dario1002
Hi wormie

After 2 more days of straight loss i started to follow your advice... and to trade with minimum risk and stress... Being undercapitalized that is what is good to be done, but i definitely "underpowered" my lot size.

Well.. with less stress, less fear and wider SL, the trade developed by itself and it went right in my direction... So by far today i did about 35 pips, with 2 trade in gain and 2 in loss. This by far the best result i had in the last month (in term of pips... in term of real money, i gained about 1/30 of my "normal"...

Hi dario

Great to hear you're trading defensively. It's a lot easier to make trade decisions when it's done properly isnt it?
I have no doubt you'll get some great trading results if you can maintain this. Good luck!
Thank You
  • #6,222
  • Apr 20, 2010 8:15pm Apr 20, 2010 8:15pm
Quoting coolshades
wb, this pair troubling you again?
lol yea what else is new
Thought the breakout yesterday was it. Guessed wrong. Glad I took the trade off where I did. Saved me from losing an additional 140+ bucks
Thank You
  • #6,223
  • Apr 20, 2010 9:36pm Apr 20, 2010 9:36pm
Quoting wormboy
hi ali

sorry about the delay
okay here is the chart explaining my po yesterday.
as you can see the lower buy po was placed slightly off the d1 ltl by about 15 pips. And the high po is placed at the 20 pips off the 5380 res level.
It was to buy the dip or the breakout. As of now the lower po had already been removed since the high po had already been triggered.
Trade however is in a bit of a drawdown atm.

Hope that helps.

Good luck.
Thanks Azim
clarification understood and appreciated.
you have a nice day
cheers
  • #6,224
  • Apr 20, 2010 10:42pm Apr 20, 2010 10:42pm
Here's a way to see things. Box is the largest correction of the trend.
If we manage to get over the box, stabilize and shoot up, this will be madly up!
Top is 1.5424.

If not, guess what, price will be more likely to get back into channel and aim for 1.42.
How much up move like this have we saw in this trend before next move down?!? Too much!

Good luck all!
Attached Image (click to enlarge)
Click to Enlarge Name: updownbox.jpg Size: 76 KB
"Fly Kite Fly!"
  • #6,225
  • Apr 21, 2010 5:32am Apr 21, 2010 5:32am
Quoting wormboy
Trade closed.

GBPUSD

1. long @5207 closed @5411 (0.2)


Remaining stop amended.

2. long @5400 sl @5290 (0.1)

Remaining stop amended.

2. long @5400 sl @5310 (0.1)
Thank You
  • #6,226
  • Apr 21, 2010 5:47am Apr 21, 2010 5:47am
Quoting wormboy
Remaining stop amended.

2. long @5400 sl @5310 (0.1)


Long time my boss..whats new.???????
MY OPINION NOT FINANCIAL ADVISE
  • #6,227
  • Apr 21, 2010 6:00am Apr 21, 2010 6:00am
EurUsd

1. long @3388 sl @3340 (0.2)
Thank You
  • #6,228
  • Apr 21, 2010 6:03am Apr 21, 2010 6:03am
Quoting donfriday
Long time my boss..whats new.???????

hey don how are you
nothing new here .. same old same old
Thank You
  • #6,229
  • Apr 21, 2010 6:18am Apr 21, 2010 6:18am
Forgot chart
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 19 KB
Thank You
  • #6,230
  • Apr 21, 2010 7:45am Apr 21, 2010 7:45am
Quoting wormboy
EurUsd

1. long @3388 sl @3340 (0.2)
good call bro i am long since 3360 with same SL bro you left trading in dragon???why are you not trading in dragon anymore??and please check Chart of dragon and confirm me if you are bullish too in dragon?

thanks

Ub
  • #6,231
  • Apr 21, 2010 8:03am Apr 21, 2010 8:03am
I long to, same as WB and UB...

Hope we success


Indeskey
  • #6,232
  • Apr 21, 2010 5:06pm Apr 21, 2010 5:06pm
VSA view for the one that like this:

http://www.forexfactory.com/showpost...stcount=220297
"Fly Kite Fly!"
  • #6,233
  • Apr 21, 2010 5:19pm Apr 21, 2010 5:19pm
Quoting wormboy
Remaining stop amended.

2. long @5400 sl @5310 (0.1)

Added to position

1. long @5412 sl @5310 (0.4)
2. long @5400 sl @5310 (0.1)
Thank You
  • #6,234
  • Apr 21, 2010 5:20pm Apr 21, 2010 5:20pm
Quoting wormboy
EurUsd

1. long @3388 sl @3340 (0.2)

Trade closed

EurUsd

1. long @3388 closed @3392 (0.2)
Thank You
  • #6,235
  • Apr 21, 2010 5:23pm Apr 21, 2010 5:23pm
Quoting ubaidahsan
good call bro i am long since 3360 with same SL bro you left trading in dragon???why are you not trading in dragon anymore??and please check Chart of dragon and confirm me if you are bullish too in dragon?

thanks

Ub

Hi ub

No particular reason regarding dragon tbh. I've only been scalping the pair for the past 2 months.
Dragon still bullish imho.
Thank You
  • #6,236
  • Apr 22, 2010 2:05am Apr 22, 2010 2:05am
Quoting wormboy
Added to position

1. long @5412 sl @5310 (0.4)
2. long @5400 sl @5310 (0.1)

Stop amended.

1. long @5412 sl @5350 (0.4)
2. long @5400 sl @5350 (0.1)
Thank You
  • #6,237
  • Apr 22, 2010 2:14am Apr 22, 2010 2:14am
Wormie

Do u ever trail-stop your trades??? and in case, can i ask u how u decide for example to amend your stop??
I don't want a job, i want money!
  • #6,238
  • Apr 22, 2010 2:27am Apr 22, 2010 2:27am
Quoting dario1002
Wormie

Do u ever trail-stop your trades??? and in case, can i ask u how u decide for example to amend your stop??
hi dario

if you mean auto trail, then no, I don't.
amending stops depends entirely on the trade taken, ie what tf.
In the case for cable, I took the trade based on the D1, so the stops naturally would have to be wee bit wider. So once price clears above a certain resistance, I will look to move my stops a notch to the nearest supp/res level.
Thank You
  • #6,239
  • Apr 22, 2010 2:39am Apr 22, 2010 2:39am
Quoting wormboy
hi dario

if you mean auto trail, then no, I don't.
amending stops depends entirely on the trade taken, ie what tf.
In the case for cable, I took the trade based on the D1, so the stops naturally would have to be wee bit wider. So once price clears above a certain resistance, I will look to move my stops a notch to the nearest supp/res level.

in the case... for example... i am looking at my daily chart and i would find more reasonable to place it under 5330 (under yesterday's low and 13/04 low). But considering that u are much better at this than me... can i ask u why u decided exactly there? maybe because that is right below friday's close?

sorry for the million questions... just learning
I don't want a job, i want money!
  • #6,240
  • Apr 22, 2010 4:22am Apr 22, 2010 4:22am
Quoting dario1002
in the case... for example... i am looking at my daily chart and i would find more reasonable to place it under 5330 (under yesterday's low and 13/04 low). But considering that u are much better at this than me... can i ask u why u decided exactly there? maybe because that is right below friday's close?

sorry for the million questions... just learning
no need for apologies buddy

okay trade is based on the d1 but you'll still need to narrow the tf down to be able to see the mini/micro supp/res level to make trade management easier.
As you can see from the chart below, the major supp level is @5380 level. So what I did was, I moved my stop slightly below the major support. Can't simply pick it out of thin air tho, so 5350 level did provide pocket resistance before breaking up.

Hope that helps
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 20 KB
Thank You
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