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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #6,801
  • May 14, 2010 12:51am May 14, 2010 12:51am
Quoting wormboy
...
guess i got out just in time again too
lol

you can say that again!

we're going to test the bottom.
  • #6,802
  • May 14, 2010 12:53am May 14, 2010 12:53am
Quoting Fudomyo
if it's going to bounce back up, should be around here... 10 minutes left on 1H candle. If not, that's one narley looking candle forming on the 1H... lol
lol ... what took 4 hours to build, only took 10 minutes to kill it back.
We're back to ard dop. I definitely am not looking to buy .... yet
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  • #6,803
  • May 14, 2010 12:55am May 14, 2010 12:55am
Quoting Fudomyo
lol

you can say that again!

we're going to test the bottom.
we're here. that was fast! lol
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  • #6,804
  • May 14, 2010 12:56am May 14, 2010 12:56am
Quoting wormboy
lol ... what took 4 hours to build, only took 10 minutes to kill it back.
We're back to ard dop. I definitely am not looking to buy .... yet
yes.. definately no buying at this point. too bad I didn't get in on the drop. 100 pips in 10 minutes. wow!
  • #6,805
  • May 14, 2010 12:58am May 14, 2010 12:58am
Quoting Fudomyo
yes.. definately no buying at this point. too bad I didn't get in on the drop. 100 pips in 10 minutes.
lol yea I was thinking the same .. "now why didn't i just short after i closed?" out of that 100, 60 pips were easily tradeable, I had sell signal.
damn!
Thank You
  • #6,806
  • May 14, 2010 1:01am May 14, 2010 1:01am
shit, they're all selling off before lo. bastards come back! I wanna load up, oi!!!
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  • #6,807
  • May 14, 2010 1:02am May 14, 2010 1:02am
Quoting wormboy
lol yea I was thinking the same .. "now why didn't i just short after i closed?" out of that 100, 60 pips were easily tradeable, I had sell signal.
damn!
lol

with this volatility, more to come.

ok, enough typing, let's get some pips.
  • #6,808
  • May 14, 2010 1:05am May 14, 2010 1:05am
Quoting Fudomyo
lol

with this volatility, more to come.

ok, enough typing, let's get some pips.

I already got mine bro
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  • #6,809
  • May 14, 2010 1:09am May 14, 2010 1:09am
Quoting wormboy
I already got mine bro
yes. I stand corrected. let's get some more pips.
  • #6,810
  • May 14, 2010 1:09am May 14, 2010 1:09am
this is in no way bashing the usage of indicators. I apologise in advance.
But the sharp turn earlier is a good example, if I had relied on indicators, ma crosses or the ichimoku, there was no way to get out on time because they're not leading indicators.
Price is king.
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  • #6,811
  • May 14, 2010 1:11am May 14, 2010 1:11am
Quoting wormboy
this is in no way bashing the usage of indicators. I apologise in advance.
But the sharp turn earlier is a good example, if I had relied on indicators, ma crosses or the ichimoku, there was no way to get out on time because they're not leading indicators.
Price is king.

Amen to that Bro.

I had to wean myself off indicators. I had become fixated on indicators and forgot price.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,812
  • May 14, 2010 1:14am May 14, 2010 1:14am
Quoting wormboy
lol yea I was thinking the same .. "now why didn't i just short after i closed?" out of that 100, 60 pips were easily tradeable, I had sell signal.
damn!
Hi WB,

I was long on dragon closed at 135.87, and i reverse it at 135.82, i took a short on EJ also on the break of TL, but for GU i was too late because this move was so fast.Now keeping my short position on Dragon, looking maybe for add to some short.....
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  • #6,813
  • May 14, 2010 1:14am May 14, 2010 1:14am
Quoting Fudomyo
yes. I stand corrected. let's get some more pips.
Lets!

No wait, I wanna wait for lo. Look at this ... tell me they don't scare you lol
fuck no, I'm waiting, this is a bit too crazy for me right now
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  • #6,814
  • May 14, 2010 1:19am May 14, 2010 1:19am
Quoting wormboy
Price is king.
And we are his princes.

Is an excellent point. Knowing where price has a high likelihood of reversing depends solely on understang the PA, not what any indicator can tell you.

That's why I gave up on holy grails long ago.

I guess my earlier quote was a bit of an understatement.... lol

Quoting Fudomyo
.... so we may drop a bit before attacking the TL proper.
  • #6,815
  • May 14, 2010 1:20am May 14, 2010 1:20am
Quoting Rufus
Amen to that Bro.

I had to wean myself off indicators. I had become fixated on indicators and forgot price.

Rufus

Cheers bro, hope you are trading well
Thank You
  • #6,816
  • May 14, 2010 1:22am May 14, 2010 1:22am
GBPUSD

1. short @4591 sl @4750 (0.2)
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  • #6,817
  • May 14, 2010 1:23am May 14, 2010 1:23am
Quoting wormboy
... tell me they don't scare you lol
not a bit....

waiting for BO above the TL or below the daily low, otherwise flat until further notice... lol
  • #6,818
  • May 14, 2010 1:28am May 14, 2010 1:28am
Quoting wormboy
GBPUSD

1. short @4591 sl @4750 (0.2)

Why I took the trade & not wait for lo as originally planned.
Took a look at my H1 and found price had just broken out of the flag, pinned underside of the channel's ltl ... & of course created another new low. So 3 valid reasons for me to take a trade is always okay.
Didn't realise this earlier of course as my other screens were turned off, except for the one that was showing the m5.
Let's see how it goes. Good luck!
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  • #6,819
  • May 14, 2010 1:30am May 14, 2010 1:30am
Quoting Fudomyo
And we are his princes.

Is an excellent point. Knowing where price has a high likelihood of reversing depends solely on understang the PA, not what any indicator can tell you.

That's why I gave up on holy grails long ago.

I guess my earlier quote was a bit of an understatement.... lol

speaking of holy grails ... i've not checked up on our friend medbs yet.
still waiting for price to close?

yes that quote was defo an understatement lol
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  • #6,820
  • May 14, 2010 1:32am May 14, 2010 1:32am
Quoting Fudomyo
not a bit....

waiting for BO above the TL or below the daily low, otherwise flat until further notice... lol
me neither.
that stupid m5 made things look worse than they appear. BA ZING!!
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