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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #7,001
  • May 26, 2010 8:26am May 26, 2010 8:26am
last weeks active in GU because of its nice trend-channel.
Just ended a little scalping short within the triangle, but really think apart from this scalping we have to wait for the extremes to receive exceptable rr.
Atm we are in the middle of things and I have no conviction to enter positions.

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Don't be a hero. Don't have an ego. Always question yourself
  • #7,002
  • May 26, 2010 9:35am May 26, 2010 9:35am
Quoting wormboy
lol i know what you mean!
hope you booked some of those profit bro
Well....sort of... ...

http://www.forexfactory.com/showpost...postcount=1335

A bit of technical difficulty last night....lol
Ghost Rider - WWTBMD?
  • #7,003
  • May 26, 2010 6:32pm May 26, 2010 6:32pm
GBPJPY

1. long @129.53 sl @129.00 tp @130.15 (0.2)
Thank You
  • #7,004
  • May 26, 2010 6:38pm May 26, 2010 6:38pm
Quoting wormboy
GBPJPY

1. long @129.53 sl @129.00 tp @130.15 (0.2)

Reason for trade taken. Let's see how it goes.
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Thank You
  • #7,005
  • May 26, 2010 10:53pm May 26, 2010 10:53pm
Quoting wormboy
GBPJPY

1. long @129.53 sl @129.00 tp @130.15 (0.2)

Trade closed.


GBPJPY

1. long @129.53 closed @129.85 (0.2)
Thank You
  • #7,006
  • May 27, 2010 1:47am May 27, 2010 1:47am
Quoting wormboy
GBPUSD

1. long @4401 sl @4200 (0.2)

Closed partial


GBPUSD

1. long @4401 closed @4515 (0.1)


Remaining stop amended.

GBPUSD

1. long @4401 sl @4350 (0.1)
Thank You
  • #7,007
  • May 27, 2010 2:00am May 27, 2010 2:00am
Quoting dario1002
Hi Azim...

Just wanted to drag u from your holidays, as i think u had enough for this month
Soooo... wanted to ask u a general question, and this time iit is about "exit strategy". I never fully understood yours, but i will try to give it a shoot. If i am not mistaken u don't have a fixed exit strategy, but u just get out of a trade when PA show u that the impulse that you are riding is getting sloppy. PA that you use to decide is strictly the same that u used when u took the trade (so if u took it based on the daily breakout, then u just...
hey bro

i've been asked this question twice before
generally yes, I do not have a fixed exit strategy, as there is not one trade that is identical to another. And it depends on the particular trade setup as well. For example, if I am trying to swing trade, I don't particularly look for fixed exit unless there is a strong supp/res level ard. Usually I just ride it till pa shows exhaustion. If scalping, then usually it's a 1:1 risk reward based exit. But with scalping, there are usually exceptions. And asia breakouts usually I have a fixed target. Depending on where the price open, I will usually target the dp, as 90% of the time, that's where price ends up before fo. The most recent trades that I took today & yesterday (the gbpjpy asia breakout), were based on this. Although today I did take profit for that trade wee bit early as I had some errands to do & was not able to monitor. But price did end up at dp & a bit more matter of fact.
Sorry for the late reply
Thank You
  • #7,008
  • May 27, 2010 2:21am May 27, 2010 2:21am
Quoting wormboy
hey bro

i've been asked this question twice before
generally yes, I do not have a fixed exit strategy, as there is not one trade that is identical to another. And it depends on the particular trade setup as well. For example, if I am trying to swing trade, I don't particularly look for fixed exit unless there is a strong supp/res level ard. Usually I just ride it till pa shows exhaustion. If scalping, then usually it's a 1:1 risk reward based exit. But with scalping, there are usually exceptions. And asia breakouts usually I have a fixed target....
Sorry Azim... i must have missed earlier. Anyway... thanks for the answer
I don't want a job, i want money!
  • #7,009
  • May 27, 2010 3:37am May 27, 2010 3:37am
Quoting dario1002
Sorry Azim... i must have missed earlier. Anyway... thanks for the answer
No need for apologies my friend
Thank You
  • #7,010
  • May 27, 2010 3:55am May 27, 2010 3:55am
Quoting wormboy
No need for apologies my friend
Hello Azim,

May i ask u about dictionary/abbreviation about forex? Like hat the meaning of H&S (Head & Shoulder), PA (Price Action > am i correct)

There so many abbreviation i don't know as a newbie, like DP, LTL, etc.


Thanks in Advance,
Indeskey
  • #7,011
  • May 27, 2010 4:29am May 27, 2010 4:29am
Looks like the bottoms are finally becoming alive. Closed the GU short. Got stopped out of the remaining half of the EU long but re-entered. GU and GY longs looking groovy. Looking for an entry EY long. Happy pippin' to all!
  • #7,012
  • May 27, 2010 4:32am May 27, 2010 4:32am
do wormholes actually exist in nature?
  • #7,013
  • May 27, 2010 4:59am May 27, 2010 4:59am
Quoting Indeskey
Hello Azim,

May i ask u about dictionary/abbreviation about forex? Like hat the meaning of H&S (Head & Shoulder), PA (Price Action > am i correct)

There so many abbreviation i don't know as a newbie, like DP, LTL, etc.


Thanks in Advance,
Indeskey
Hi indeskey

i don't really have a dictionary for those abb mate. I just picked them up over the years really. Sorry about that.
Anyway, PA is price action, DP is daily pivot point, pvp is pivot point, dop is day opening price, ltl is lower trendline, utl is upper trendline, supp/res is support/resistance. That much I can think of right now, but if the next time you see me use an abb or two which you are not sure of, just ask, I will try to answer
By the way, here's a site which could be useful to you:
1. http://www.retire-asia.com/forex-sto...lossary1.shtml
Thank You
  • #7,014
  • May 27, 2010 5:05am May 27, 2010 5:05am
Quoting wormboy
Closed partial


GBPUSD

1. long @4401 closed @4515 (0.1)


Remaining stop amended.

GBPUSD

1. long @4401 sl @4350 (0.1)

Installing tp & sell order as I won't be around for a couple of hours.
I will remove the sell order if it's not hit by london close later.


Tp installed for remaining trade.

GBPUSD

1. long @4401 sl @4350 tp @4685 (0.1)

Sell order.

GBPUSD

PO
1. short @4690 sl @4800 tp @4560 (0.2)


Later fellas.
Thank You
  • #7,015
  • May 27, 2010 5:20am May 27, 2010 5:20am
Quoting wormboy
Installing tp & sell order as I won't be around for a couple of hours.
I will remove the sell order if it's not hit by london close later.


Tp installed for remaining trade.

GBPUSD

1. long @4401 sl @4350 tp @4685 (0.1)

Sell order.

GBPUSD

PO
1. short @4690 sl @4800 tp @4560 (0.2)


Later fellas.
What's at 4685/4690, bro?
  • #7,016
  • May 27, 2010 9:11am May 27, 2010 9:11am
Quoting wormboy
Installing tp & sell order as I won't be around for a couple of hours.
I will remove the sell order if it's not hit by london close later.


Tp installed for remaining trade.

GBPUSD

1. long @4401 sl @4350 tp @4685 (0.1)

Sell order.

GBPUSD

PO
1. short @4690 sl @4800 tp @4560 (0.2)


Later fellas.
Added to position


Tp installed for remaining trade.

GBPUSD

1. long @4401 sl @4350 tp @4685 (0.1)
2. long @4414 sl @4350 tp @4685 (0.1)

Sell order cancelled.
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Thank You
  • #7,017
  • May 27, 2010 9:34am May 27, 2010 9:34am
Quoting wormboy
Added to position


Tp installed for remaining trade.

GBPUSD

1. long @4401 sl @4350 tp @4685 (0.1)
2. long @4414 sl @4350 tp @4685 (0.1)

Sell order cancelled.

Trade closed

GBPUSD

2. long @4414 closed @4464 (0.1)



Remaining trade unchanged

GBPUSD

1. long @4401 sl @4350 tp @4685 (0.1)
Thank You
  • #7,018
  • May 27, 2010 9:47am May 27, 2010 9:47am
Quoting AnonYmos
What's at 4685/4690, bro?
confluence
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Thank You
  • #7,019
  • May 27, 2010 10:02am May 27, 2010 10:02am
Quoting wormboy
Hi indeskey

i don't really have a dictionary for those abb mate. I just picked them up over the years really. Sorry about that.
Anyway, PA is price action, DP is daily pivot point, pvp is pivot point, dop is day opening price, ltl is lower trendline, utl is upper trendline, supp/res is support/resistance. That much I can think of right now, but if the next time you see me use an abb or two which you are not sure of, just ask, I will try to answer
By the way, here's a site which could be useful to you:
1. http://www.retire-asia.com/forex-sto...lossary1.shtml...
Thanks Azim,

Ok i will ask You if i confuse with an abb at your post...


~indeskey~
  • #7,020
  • May 27, 2010 10:08am May 27, 2010 10:08am
Quoting wormboy
Trade closed

GBPUSD

2. long @4414 closed @4464 (0.1)



Remaining trade unchanged

GBPUSD

1. long @4401 sl @4350 tp @4685 (0.1)

You get it Azim.

Nice trade at very short time.

Whats next? I watching U...


~indeskey~
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