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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #7,461
  • Jul 2, 2010 4:00am Jul 2, 2010 4:00am
Quoting wormboy
yo nav

good to have you back bro. I am not trading cable today, this is too close to those confluences & I hate to have a fresh position before a breakout.
But I agree tho, yesterday's D1 close showed so much strength.

Good luck today!
u on skype bro?
i think if cable can break 1.55 we offically in uptrend early stages
  • #7,462
  • Jul 2, 2010 4:06am Jul 2, 2010 4:06am
Quoting AnonYmos
Hey, mate! As you're taking ystd's losses so much to heart let me tell you the following: as you know I've been watching you for a while. and you're not the first or only trader I've been following for a while here on FF. Thus my opinion: you're brilliant! No flattering intended. Only problem I have with you is that I still don't get your methodology. But that's my problem. Now chill out & enjoy! Tmw is Teutonia vs Argentinia - the epic battle, as you called it. Could lead up to Ger vs Spain, which could be beautiful soccer. Take care!
hey brother, thanks for the kind words. lol sorry if i sounded like a bitch yesterday in regards to those losses. I vented out of frustration with my ownself really. I had predefined the target levels, right to the pip matter of fact. And when it bounced off the mentioned levels I did not bail & reverse like I should have but instead I added to losing positions and mounted the losses. I did a very basic mistake & these are not the kind of mistakes I take too kindly to. Anyway, that's behind me now as the losses are recovered.
As far as my methods go, I really don't know what to tell you lol
I am not hiding anything really, what you see I post here in regards to TA, is basically how I trade. Honest!
It's basically break & close above =buy, break & close below = sell
Thank You
  • #7,463
  • Jul 2, 2010 4:12am Jul 2, 2010 4:12am
Quoting nAVIN2007
u on skype bro?
i think if cable can break 1.55 we offically in uptrend early stages
I will log on in a while bro
We still are in that W1 descending channel. I have 5380 on D1 for cable to break to make it officially an uptrend & that's likely where I will start building long positions for 1.7
I'm telling you those haters are getting reaaaaaaaal quiet now. Call me names when I said 1.7 will ya
Thank You
  • #7,464
  • Jul 2, 2010 4:15am Jul 2, 2010 4:15am
Ok so... i chickened down a little bit and i tightened my S/L which was hitten. Now going short on EU... and that is still there... let's wait and see how it plays, but ready to stop manually if it keeps looking like a bullish flag
I don't want a job, i want money!
  • #7,465
  • Jul 2, 2010 4:59am Jul 2, 2010 4:59am
Quoting wormboy
As far as my methods go, I really don't know what to tell you lol
I am not hiding anything really, what you see I post here in regards to TA, is basically how I trade. Honest!
It's basically break & close above =buy, break & close below = sell
Noticed that. Think it's the fluency with which you move that confuses me. And sometimes you put in a bit of confluence, pivots, previous hi/lo, divergence, candlestick analysis etc. So, you're merging of very diverse factors into a trading decision putting the stress sometimes here sometimes there is quite difficult to grasp. And that's what I refer to as "brilliance". Most other traders have comparatively fairly limited methods. Just go on! I go on wathcing.

As you mentioned Vince's Mathematics of Money Mgmt the other day (if I recall it correctly): you applying opt f? Also read his stuff but could never fully convice me that it works and couldn't find a way to apply his method of so and so many contracts per fraction of cap to lots in fx trading.

And what the hell do you use Elliot's Maths of Fin Mkts for??? That's a weird one!
  • #7,466
  • Jul 2, 2010 7:21am Jul 2, 2010 7:21am
Quoting wormboy
Closed partial

EurUsd

1. short @2499 closed @2492 (0.6)



Remaining trade unchanged

EurUsd

1. short @2499 sl @2550 (0.4)

There, I had to do it. Yesterday's losses all cleared & I'm up $14!
That'll teach em. They ain't taking shit from me lol

Okay, now those losses are behind me, time to make money.

Remaining trade stopped out.

EurUsd

1. short @2499 stopped @2550 (0.4)


and I thought it'll be the spike that might take me out lol. position is now flat
Thank You
  • #7,467
  • Jul 2, 2010 8:32am Jul 2, 2010 8:32am
So... i am out of trading for the day (nice how demo trade works and real trade don't)

Anyway... i am already doing my homework for the coming month. If i can.. will post couple of charts (and if i am allowed)

see ya guys
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I don't want a job, i want money!
  • #7,468
  • Jul 2, 2010 10:45am Jul 2, 2010 10:45am
GBPUSD

1. short @5175 sl @5235 (1.0)
Thank You
  • #7,469
  • Jul 2, 2010 11:02am Jul 2, 2010 11:02am
Quoting wormboy
GBPUSD

1. short @5175 sl @5235 (1.0)
haha I enter in the same spot but for long danm
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #7,470
  • Jul 2, 2010 11:09am Jul 2, 2010 11:09am
Quoting samdani786
haha I enter in the same spot but for long danm
Hope to get a bounce from daily open
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #7,471
  • Jul 3, 2010 11:53am Jul 3, 2010 11:53am
Quoting wormboy
Still have that 2 small longs going tho, hopefully it goes well.
Enjoy the trading bro! I'll keep up with the posts hopefully in between the matches & the gambling!
I've got RM2000.00 ($550.00) down on Germany to win it in a pot of 40. There's only me and another fella that took the same team. That's RM40k to each us if Germany wins it
2 more games and I'm gonna get my home run! Go Germany gooooooo!!
Thank You
  • #7,472
  • Jul 5, 2010 4:06am Jul 5, 2010 4:06am
Quoting wormboy
GBPUSD

1. short @5175 sl @5235 (1.0)

Closed partial

GBPUSD

1. short @5175 closed @5135 (0.6)

Remaining trade unchanged

GBPUSD

1. short @5175 sl @5235 (0.4)
Thank You
  • #7,473
  • Jul 5, 2010 4:09am Jul 5, 2010 4:09am
boring day, huh?
  • #7,474
  • Edited 10:08am Jul 5, 2010 9:01am | Edited 10:08am
Quoting wormboy
Closed partial

GBPUSD

1. short @5175 closed @5135 (0.6)

Remaining trade unchanged

GBPUSD

1. short @5175 sl @5235 (0.4)

remaining trade closed

GBPUSD

1. short @5175 closed @5103 (0.4)
Thank You
  • #7,475
  • Jul 5, 2010 10:07am Jul 5, 2010 10:07am
GBPUSD

1. long @5094 sl @5080 (0.2)
Thank You
  • #7,476
  • Jul 5, 2010 10:23am Jul 5, 2010 10:23am
Quoting wormboy
GBPUSD

1. long @5094 sl @5080 (0.2)

Reason for trade taken.
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Thank You
  • #7,477
  • Jul 5, 2010 10:26am Jul 5, 2010 10:26am
I noticed that pinbar over there earlier but didn't have enough time to back it up as I'm studying for an exam. Just good to see that my ship has sailed into the right direction
  • #7,478
  • Jul 5, 2010 10:36am Jul 5, 2010 10:36am
Quoting mihazupan1
I noticed that pinbar over there earlier but didn't have enough time to back it up as I'm studying for an exam. Just good to see that my ship has sailed into the right direction
yup. It's a combination of a few things really. I've always said to myself, if your current option outweighs the previous, just close the trade & go the other way. In this case, we have that pb coming off the W1 pivot, which also happens to be an s/r level, the s3 on the qtr pivot (m5). To top it off, the m5 printed a small bullish divergence. Might as well go for it, since it's a very low risk + high probability setup.

Good luck to you
Thank You
  • #7,479
  • Jul 5, 2010 6:12pm Jul 5, 2010 6:12pm
Quoting wormboy
GBPUSD

1. long @5094 sl @5080 (0.2)

Trade closed


GBPUSD

1. long @5094 closed @5135 (0.2)
Thank You
  • #7,480
  • Jul 5, 2010 7:27pm Jul 5, 2010 7:27pm
GBPUSD

1. short @5098 sl @5198 (0.3)
Thank You
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