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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #7,241
  • Jun 21, 2010 7:47am Jun 21, 2010 7:47am
Quoting samdani786
That little evening star payed off haan ? I am still holding shorts and planing to do so all the way
Look at the USDX
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.gif Size: 27 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #7,242
  • Jun 21, 2010 7:48am Jun 21, 2010 7:48am
Quoting wormboy
sure did

I reduced the risk because of the world cup
& I have a high fever right now, not feeling like I'm gonna spend my time watching the charts.

Hope you nail them! Good luck!
Hey, wish you good health soon.
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #7,243
  • Jun 21, 2010 7:56am Jun 21, 2010 7:56am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
cool, all good matey...had order setup @ 49100 and 14500 for eu foboth kicked in time so locked some profit.


Quoting wormboy
yup i saw that too ams. cheers mate. hope you're trading well my friend

good luck!
  • #7,244
  • Jun 21, 2010 9:11am Jun 21, 2010 9:11am
Quoting wormboy
Closed partial

GBPUSD

2. short @4875 closed @4819 (0.1)

Remaining trade unchanged

GBPUSD

2. short @4875 sl @4950 (0.2)

Remaining trade closed.

GBPUSD

2. short @4875 closed @4826 (0.2)
Thank You
  • #7,245
  • Edited 10:04am Jun 21, 2010 9:39am | Edited 10:04am
Quoting wormboy
Remaining trade closed.

GBPUSD

2. short @4875 closed @4826 (0.2)
bro you will enter in selling again from top or will buy it?i can see a bearish pattern in it in h4 and h1 but it is not following it since past week...

thanks

Ub
  • #7,246
  • Jun 21, 2010 1:34pm Jun 21, 2010 1:34pm
Quoting wormboy
lol yep

new trade setup I've been working on for the past 2 months, ...
Hi mate! Hope you're enjoying the cup so far. Which team are you rooting for btw?

Want to pick up on the quoted remark. So far I was aware that you initiated trades when certain things happened, e.g. breach of tl's, res/sup, divergences etc. But this sounds like you have a sort of a list of clearly defined set-ups. Dou you feel like elaborating a bit?

Get well soon, mate!
  • #7,247
  • Jun 21, 2010 2:10pm Jun 21, 2010 2:10pm
Quoting AnonYmos
Hi mate! Hope you're enjoying the cup so far. Which team are you rooting for btw?

Want to pick up on the quoted remark. So far I was aware that you initiated trades when certain things happened, e.g. breach of tl's, res/sup, divergences etc. But this sounds like you have a sort of a list of clearly defined set-ups. Dou you feel like elaborating a bit?

Get well soon, mate!

I got my money on Germany, so naturally I'll be rooting for them!

It's a trade system that I've been working on. It's the frankfurt reveral. Don't know if it's been thought of before.
pretty simple setup. the thing to do is to identify whether the pair is in "buy mode" or "sell mode" within the open. Once identified, there is a 2 hour minimum period to wait before taking on the reversal. The reversal is taken only once price had broken below/above the first supp/res level, opposite to the "buy mode" or "sell mode".
That's it.
Sorry if I didn't make it easy to understand, I said it before, I'm not good at teaching lol.
But, I'll be sure to go thru it step by step the next time I choose to trade this setup.

In the meantime, here's the chart from earlier, where I used the setup:
1. http://www.forexfactory.com/showpost...postcount=7229

Chart below is the follow up
Attached Image (click to enlarge)
Click to Enlarge Name: gu5.gif Size: 26 KB
Thank You
  • #7,248
  • Jun 21, 2010 10:06pm Jun 21, 2010 10:06pm
Quoting wormboy
I got my money on Germany, so naturally I'll be rooting for them!

It's a trade system that I've been working on. It's the frankfurt reveral. Don't know if it's been thought of before.
pretty simple setup. the thing to do is to identify whether the pair is in "buy mode" or "sell mode" within the open. Once identified, there is a 2 hour minimum period to wait before taking on the reversal. The reversal is taken only once price had broken below/above the first supp/res level, opposite to the "buy mode" or "sell mode".
That's it.
Sorry...
Hi WB,

Don't worry its clear, also i always wait on Tokyo open, look at this morning, on Dragon first go down and after go up, i short it at 134.65 (M5 doji), also everyday i look at a retracement (one hour or one hour and half before NY open), right today i have a look on a Francfurt reversal....i will study it. green pips to you WB....

Yesterday 3 white soldiers on GU worked well (im still short on GU) looking for TP area 1.4680 (during Francfurt session).

Green pips to you WB....
Trade with the momentum
  • #7,249
  • Jun 22, 2010 1:08am Jun 22, 2010 1:08am
GBPUSD

1. short @4733 sl @4802 (0.5)
Thank You
  • #7,250
  • Jun 22, 2010 1:11am Jun 22, 2010 1:11am
Quoting wormboy
GBPUSD

1. short @4733 sl @4802 (0.5)

Trade taken based on the breakout. Current setup is in sell mode. So we will be holding this trade for a minimum of 2 hours before engaging a reversal.

Let's see how this goes.
Attached Image (click to enlarge)
Click to Enlarge Name: gu5.gif Size: 27 KB
Thank You
  • #7,251
  • Jun 22, 2010 1:13am Jun 22, 2010 1:13am
Quoting sailor68
Hi WB,

Don't worry its clear, also i always wait on Tokyo open, look at this morning, on Dragon first go down and after go up, i short it at 134.65 (M5 doji), also everyday i look at a retracement (one hour or one hour and half before NY open), right today i have a look on a Francfurt reversal....i will study it. green pips to you WB....

Yesterday 3 white soldiers on GU worked well (im still short on GU) looking for TP area 1.4680 (during Francfurt session).

Green pips to you WB....

Good stuff
Good luck to you too my friend.

Gonna lie down in bed now, this fever is killing me.
Thank You
  • #7,252
  • Jun 22, 2010 3:04am Jun 22, 2010 3:04am
Quoting wormboy
GBPUSD

1. short @4733 sl @4802 (0.5)

Will be looking for the reversal. But keep an eye on the current low. If it creates a lower low, we might be able to make some money selling.

GBPUSD

1. short @4733 sl @4802 (0.5)
Attached Image (click to enlarge)
Click to Enlarge Name: gu5.gif Size: 26 KB
Thank You
  • #7,253
  • Jun 22, 2010 3:10am Jun 22, 2010 3:10am
Hey WB,

I like this reversal trade,
I too am keeping a close eye on cable.

Out ATM, price action a bit too hectic, and I have some other trades on....
Thanks,
X
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,254
  • Jun 22, 2010 3:12am Jun 22, 2010 3:12am
Quoting wormboy
I got my money on Germany, so naturally I'll be rooting for them!

It's a trade system that I've been working on. It's the frankfurt reveral. Don't know if it's been thought of before.

...
Germany!? Mmmhh ... that further increase my curiosity about them vs Ghana tmw. After the weak performance vs Serbia anything could happen.

As for the Ffm-Reversal (you got something about Germany?): how do you indentify buy/sell-mode?

Have a great day (or rather nite at your place)!
  • #7,255
  • Jun 22, 2010 4:18am Jun 22, 2010 4:18am
Quoting wormboy
Will be looking for the reversal. But keep an eye on the current low. If it creates a lower low, we might be able to make some money selling.

GBPUSD

1. short @4733 sl @4802 (0.5)

Closed partial


GBPUSD

1. short @4733 closed @4691 (0.3)

Remaining stop amended.

GBPUSD

1. short @4733 sl @4785 (0.2)
Thank You
  • #7,256
  • Jun 22, 2010 4:43am Jun 22, 2010 4:43am
Quoting wormboy
Closed partial


GBPUSD

1. short @4733 closed @4691 (0.3)

Remaining stop amended.

GBPUSD

1. short @4733 sl @4785 (0.2)

Remaining trade closed.

GBPUSD

1. short @4733 closed @4701 (0.2)

gonna run out to the clinic to get this stupid fever a look at & with the annual budget thingy around the corner, think i'll take my money first. Don't need the extra headache for now.
Here's the cable chart posted:
1. http://www.forexfactory.com/showpost...stcount=232819

Good luck everyone. Later!
Thank You
  • #7,257
  • Jun 22, 2010 5:16am Jun 22, 2010 5:16am
Don't forget we got the UK emergency budget coming up in an hour, I'd expect lots of volatility when that goes on. On the one hand you're going to have markets looking at whether the budget has a credible plan on tackling deficits, and on the other, they'll be looking at how the banks are going to get clobbered by tax.
  • #7,258
  • Jun 22, 2010 7:57am Jun 22, 2010 7:57am
GBPUSD

1. long @4773 sl @4660 (0.5)


Reversal trade. Let's see how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: gu5.gif Size: 30 KB
Thank You
  • #7,259
  • Jun 22, 2010 8:35am Jun 22, 2010 8:35am
Quoting wormboy
GBPUSD

1. long @4773 sl @4660 (0.5)


Reversal trade. Let's see how it goes.
bro you went long because that TL was broken??please tell me what is your target and from where you will go short again?

thanks

Ub
Attached Image (click to enlarge)
Click to Enlarge Name: gu.JPG Size: 140 KB
  • #7,260
  • Jun 22, 2010 8:37am Jun 22, 2010 8:37am
Quoting wormboy
GBPUSD

1. long @4773 sl @4660 (0.5)


Reversal trade. Let's see how it goes.

Closed partial


GBPUSD

1. long @4773 closed @4821 (0.3)

Remaining trade unchanged

GBPUSD

1. long @4773 sl @4660 (0.2)
Thank You
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