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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #6,401
  • Apr 29, 2010 5:08am Apr 29, 2010 5:08am
Quoting wormboy
Closed partial

GBPUSD

1. long @5145 closed @5227 (0.3)



Remaining stop amended & tp removed.

GBPUSD

1. long @5145 sl @5150 (0.2)

Remaining stop amended

GBPUSD

1. long @5145 sl @5190 (0.2)
Thank You
  • #6,402
  • Apr 29, 2010 5:43am Apr 29, 2010 5:43am
Quoting wormboy
Remaining stop amended

GBPUSD

1. long @5145 sl @5190 (0.2)

Remaining trade closed.

GBPUSD

1. long @5145 closed @5243 (0.2)
Thank You
  • #6,403
  • Apr 29, 2010 8:37am Apr 29, 2010 8:37am
GBPUSD

1. short @5247 sl @5290 tp @5200 (0.2)
Thank You
  • #6,404
  • Apr 29, 2010 10:58am Apr 29, 2010 10:58am
Quoting wormboy
GBPUSD

1. short @5247 sl @5290 tp @5200 (0.2)

Trade stopped out.

GBPUSD

1. short @5247 stopped @5290 (0.2)
Thank You
  • #6,405
  • Apr 30, 2010 12:16am Apr 30, 2010 12:16am
GBPJPY

1. short @144.11 sl @144.60 (0.3)
Thank You
  • #6,406
  • Apr 30, 2010 1:07am Apr 30, 2010 1:07am
Quoting wormboy
GBPJPY

1. short @144.11 sl @144.60 (0.3)

Trade closed

GBPJPY

1. short @144.11 closed @144.39 (0.3)
Thank You
  • #6,407
  • Apr 30, 2010 1:14am Apr 30, 2010 1:14am
EurUsd

1. long @3256 sl @3200 (0.3)
Thank You
  • #6,408
  • Apr 30, 2010 3:11am Apr 30, 2010 3:11am
Quoting wormboy
EurUsd

1. long @3256 sl @3200 (0.3)
Excellent Wormie. I am long E/U too. G/U long, Dragon long. Lets see what happens.

C.
  • #6,409
  • Apr 30, 2010 6:15am Apr 30, 2010 6:15am
Quoting wormboy
EurUsd

1. long @3256 sl @3200 (0.3)

Trade closed

EurUsd

1. long @3256 closed @3315 (0.3)


Done for the week.
Thank You
  • #6,410
  • Apr 30, 2010 6:18am Apr 30, 2010 6:18am
Quoting Ctic
Excellent Wormie. I am long E/U too. G/U long, Dragon long. Lets see what happens.

C.

Hi C

Good stuff
Calling it a day here. Was not planning to trade anyway till after the uk election. Broke my own rules yesterday & today & managed to get an additional 2% profit. I shouldn't push my luck too far i reckon

Hope you make tons of profit. I'll catch you next week. Take care!
Thank You
  • #6,411
  • May 1, 2010 6:17am May 1, 2010 6:17am
Some changes in trading setups for next week onwards on my part.
Moving on to trade only commodity sensitive pairs till the end of the year - the GBPJPY & the USDCAD & will only look to trade session by session with no regards over long term outlook.
Reason for this is that I had already managed to meet my annual target last month & I feel that I don't need to take my trades any longer than a day at most hopefully. Don't want the extra work. I'm lazy


Enjoy the weekend.
Thank You
  • #6,412
  • May 1, 2010 6:31am May 1, 2010 6:31am
Quoting wormboy
Some changes in trading setups for next week onwards on my part.
Moving on to trade only commodity sensitive pairs till the end of the year - the GBPJPY & the USDCAD & will only look to trade session by session with no regards over long term outlook.
Reason for this is that I had already managed to meet my annual target last month & I feel that I don't need to take my trades any longer than a day at most hopefully. Don't want the extra work. I'm lazy


Enjoy the weekend.
Phew ... . new image with new strategy
guess being a 'robber in botswana' was indeed fun though
great work keep up and a good weekend

edit: was wondering which corporate taiko can match your performance by meeting profit budget in 4 months
Excellent work
  • #6,413
  • May 1, 2010 7:00am May 1, 2010 7:00am
Quoting A 5

edit: was wondering which corporate taiko can match your performance by meeting profit budget in 4 months
Excellent work
3 months actually
I had a 30% target at the start of the year & I had overachieved to be honest. February was an outstanding month. Don't get the wrong idea tho, the total target achieved is a few dollars shy of 20k usd. Peanuts compared to the corporate taiko
Anyway, I had withdrew all the profit yesterday & starting on a clean slate.
And since the annual target had been met very quickly I felt that I have no need to trade long term & had chose the mentioned pairs due to the high level of movement present daily, making it easier to trade from one session to another. Of course I might change my mind again in a few months time who knows ... but for now that's the plan. Thought it's worth a mention since I am not going to trade the higher timeframes that it might not be exemplary to the newer traders following the thread.
Thank You
  • #6,414
  • May 1, 2010 7:02am May 1, 2010 7:02am
Quoting wormboy
Some changes in trading setups for next week onwards on my part.
Moving on to trade only commodity sensitive pairs till the end of the year - the GBPJPY & the USDCAD & will only look to trade session by session with no regards over long term outlook.
Reason for this is that I had already managed to meet my annual target last month & I feel that I don't need to take my trades any longer than a day at most hopefully. Don't want the extra work. I'm lazy


Enjoy the weekend.

Like your flexiblilty . We could all learn from that. Happy Weekend.
Good Trading To All ; Ken Lee
  • #6,415
  • May 1, 2010 7:28am May 1, 2010 7:28am
Quoting Kenneth Lee
Like your flexiblilty . We could all learn from that. Happy Weekend.
Thanks Ken. Hope you've had a fruitful trading week
Will log on next week to meet you guys, been a while!

Enjoy your weekend bro!
Thank You
  • #6,416
  • May 1, 2010 9:52am May 1, 2010 9:52am
Hey Azim,

Hope you are well! I see you are making plenty of green pips! Nice long-term buy of the recent lows that fits my trendlines on my chart. I would love to hear your comments!

Attached Image (click to enlarge)
Click to Enlarge Name: 100501_gbpusd_wo.png Size: 75 KB


I have made a couple of modifications on the early post which can be found here -
http://www.forexfactory.com/showthre...25#post3688425

I have added a set of fibs which also lined up with two of my S/R lines. The white vertical line should be 2am in the UK on the 7th May. This is roughly when the results start coming in, although you do get some early ones come in that may result in some whipsaw action. I think most polling stations close by 10pm UK time.

Two blue areas I have highlighted are possible targets within the current trendlines as 2 trendlines meet a S/R line, the smaller one around the time of the election results, whereas the bigger one doesn't come into sight until the following week.

Have a great weekend bro and keep up the good work!
  • #6,417
  • May 2, 2010 2:10am May 2, 2010 2:10am
bet that little car bomb in times square is gonna cause some ripples tomorrow
Thank You
  • #6,418
  • May 2, 2010 2:38am May 2, 2010 2:38am
Quoting bbakker
Hey Azim,

Hope you are well! I see you are making plenty of green pips! Nice long-term buy of the recent lows that fits my trendlines on my chart. I would love to hear your comments!
!

Hi brian

I have no long term outlook for cable tbh. No long term outlook on any pairs i'm trading from next week on matter of fact. That's the strategy till the end of the year.
Anyway, this was what I was looking at for cable before.
The W1 had been bouncing off the 61.8% - 50% fib levels. There is a good chance of a test of 38.2% circa 5800 level. However, this slow trickling up is seriously looking like another massive bearflag is forming. One thing is for sure, there will be one big move, either up or down before the summer holidays arrive. Choose wisely.

Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: guw.gif Size: 21 KB
Thank You
  • #6,419
  • May 2, 2010 2:48am May 2, 2010 2:48am
Quoting wormboy
Hi brian

I have no long term outlook for cable tbh. No long term outlook on any pairs i'm trading from next week on matter of fact. That's the strategy till the end of the year.
Anyway, this was what I was looking at for cable before.
The W1 had been bouncing off the 61.8% - 50% fib levels. There is a good chance of a test of 38.2% circa 5800 level. However, this slow trickling up is seriously looking like another massive bearflag is forming. One thing is for sure, there will be one big move, either up or down before the summer holidays arrive....
Well spotted!

Nice bear flag formations on the weekly there! Could well be a continuation pattern... time will tell.

Why no long-term outlook until the end of the year? Is it because with current events, it might cause unpredictability this year? Also how do you define long-term? A trade that lasts a couple of days or a trade that lasts weeks if not months?
  • #6,420
  • May 2, 2010 2:56am May 2, 2010 2:56am
Quoting bbakker
Nice bear flag formations on the weekly there! Could well be a continuation pattern... time will tell.

Why no long-term outlook until the end of the year? Is it because with current events, it might cause unpredictability this year? Also how do you define long-term? A trade that lasts a couple of days or a trade that lasts weeks if not months?
Yup, could be one or the other really. Explains why 5380 had been the center of the universe for a while now lol.

No, nothing to do with unpredictability. Every day is unpredictable
As mentioned earlier, it's because my annual target had already been met, so I feel there is absolutely no need for me to push my trades unnecessarily. It's just session trading from here on with a monthly target of 1%-2%.
1% will amount to roughly 700usd (RM 2400.00) That is more than I need to pay my monthly bills. So that's all I am after. Anything else is a bonus. (btw 1% is pretty easy to achieve tbh, so there is no pressure)
So between now till the end of the year, I am near guaranteed more time to myself & family.
Thank You
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