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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #7,521
  • Jul 7, 2010 3:09am Jul 7, 2010 3:09am
Quoting wormboy
here comes the first test.
right, previous hourly closed dead on the primary support & W1 pvp.
Currently still holding yesterday's short position, however if the current H1 close bullish, I will be take profit & find another setup.

Good luck.
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  • #7,522
  • Jul 7, 2010 3:11am Jul 7, 2010 3:11am
Quoting honeybhi
wormie 1.5010 looks good for today.My target is there.Also it is daily s2.
there's a good chance of that happening, even lower. but only if cable clears the W1 pvp imho. Be flexible my friend
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  • #7,523
  • Jul 7, 2010 3:14am Jul 7, 2010 3:14am
Quoting dario1002
Man.. i admire your cool!! u are 100 pips up almost... and u decide to move your S/L just @ BE + 7!!!!!!

i believe that is the difference between a professional and a rookie as me. Well i'm on my way.

By the way.. congratulations for 500 pages of your journal, and if i will still be around for the 1000 pages, means we will finally be at the same level

P.S. this evening is the moment of the truth!!!

not a pro bro, just doing the old adage thing thought the let the profits run. Easiest thing to do that
We will be on the same level! Be positive!


p/s: ze germans will prevail tonite! yeeeeeee
Thank You
  • #7,524
  • Jul 7, 2010 4:02am Jul 7, 2010 4:02am
Quoting wormboy
not a pro bro, just doing the old adage thing thought the let the profits run. Easiest thing to do that
We will be on the same level! Be positive!


p/s: ze germans will prevail tonite! yeeeeeee
Easiest??????? eehehe i doubt so!!! I followed your trade from the beginning and your trade went about 40 pips underwater, and then it came there... and was about 20 pips up from your trade for some time, and now 100 pips up. Most of the people would have close position when it was down that much. Then... the rest would have close the position when finally price reached their level (or stalled @ 20 pips up for some time). And now u are not taking money from the table even facing a S/R lever, to see if it holds or not. i wouldn't call that "easy" to do. I think it's much more difficult to do this, than to find a good setup

P/S: i know u admire ze germans... but my latino-blood will make me support a bit more for spain... but for sure if german will win i will be glad for u
I don't want a job, i want money!
  • #7,525
  • Jul 7, 2010 4:07am Jul 7, 2010 4:07am
Quoting wormboy
Stop amended.

GBPUSD

1. short @5177 sl @5170 (0.2)

Closed partial

GBPUSD

1. short @5177 closed @5101 (0.1)

Remaining stop amended.

GBPUSD

1. short @5177 sl @5160 (0.1)
Thank You
  • #7,526
  • Jul 7, 2010 4:10am Jul 7, 2010 4:10am
here's why I took some off the table.
Previous hourly close indecisive & since it's at a major support level, I think I'd reduce my risk exposure just wee bit till price sorts out.

Let's see what happens next.
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  • #7,527
  • Jul 7, 2010 4:45am Jul 7, 2010 4:45am
Quoting wormboy
here's why I took some off the table.
Previous hourly close indecisive & since it's at a major support level, I think I'd reduce my risk exposure just wee bit till price sorts out.

Let's see what happens next.
Congrats. Cool trade. Got stopped out at the brief up-swing. Same ole problem - stop too tight. Gotta become more risk taking. Anyways. By now long based on the doji plus supp plus 38 fib plus ystd's lo on the 1h.

Yea, tonite it's on! Am with you rooting for Germany. Germany vs NL, that's a nice one.
  • #7,528
  • Jul 7, 2010 5:26am Jul 7, 2010 5:26am
Hi..
can someone post a pivot indicator like the one wormboy is using? thankss you so muchh
  • #7,529
  • Jul 7, 2010 5:51am Jul 7, 2010 5:51am
Quoting dario1002
Easiest??????? eehehe i doubt so!!! I followed your trade from the beginning and your trade went about 40 pips underwater, and then it came there... and was about 20 pips up from your trade for some time, and now 100 pips up. Most of the people would have close position when it was down that much. Then... the rest would have close the position when finally price reached their level (or stalled @ 20 pips up for some time). And now u are not taking money from the table even facing a S/R lever, to see if it holds or not. i wouldn't call that "easy"...
lol sorry if i sounded like i was boasting. I can assure you I was not brother. It actually is easier to hold on to a trade when you're safe in profit, regardless of the amount. In this case, I am still holding some shorts at this W1 pvp because it has not shown that it's going up yet. Between now & NY open price might just range. Sure I can take profit now, but what if the W1 pvp goes? Usually when a big level like this goes, the move is very fast & big, so I find it easier to stay in the trade and risk of not taking most of what I made in case it turns instead of taking profit now & finding entry after a big level failure, which usually wouldn't be ideal to take a fresh position from. But that's just me.

And here is the view from the m5, the qtr supp level is my barometer. If price close above it, I will clear my positions. But as long as price stays below it, I'll hold on to it.
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  • #7,530
  • Jul 7, 2010 5:56am Jul 7, 2010 5:56am
Quoting AnonYmos
Congrats. Cool trade. Got stopped out at the brief up-swing. Same ole problem - stop too tight. Gotta become more risk taking. Anyways. By now long based on the doji plus supp plus 38 fib plus ystd's lo on the 1h.

Yea, tonite it's on! Am with you rooting for Germany. Germany vs NL, that's a nice one.
Thanks bro. Just lower your risk a bit, it'll make it easier for you to widen the stops imho.
Might be on to something with that long there methinks, looking good atm

Good luck to you!
Thank You
  • #7,531
  • Jul 7, 2010 5:58am Jul 7, 2010 5:58am
Quoting wormboy
lol sorry if i sounded like i was boasting. I can assure you I was not brother. It actually is easier to hold on to a trade when you're safe in profit, regardless of the amount. In this case, I am still holding some shorts at this W1 pvp because it has not shown that it's going up yet. Between now & NY open price might just range. Sure I can take profit now, but what if the W1 pvp goes? Usually when a big level like this goes, the move is very fast & big, so I find it easier to stay in the trade and risk of not taking most of what I made in case...
hey don't worry... u didn't sound like boasting yourself, and i didn't even think about it when i read your post
I don't want a job, i want money!
  • #7,532
  • Jul 7, 2010 6:21am Jul 7, 2010 6:21am
Quoting wormboy
Closed partial

GBPUSD

1. short @5177 closed @5101 (0.1)

Remaining stop amended.

GBPUSD

1. short @5177 sl @5160 (0.1)

Remaining trade closed.

GBPUSD

1. short @5177 closed @5138 (0.1)
Thank You
  • #7,533
  • Jul 7, 2010 6:32am Jul 7, 2010 6:32am
GBPUSD

1. long @5130 sl @5070 (0.1)
Thank You
  • #7,534
  • Jul 7, 2010 7:26am Jul 7, 2010 7:26am
Quoting wormboy
GBPUSD

1. long @5130 sl @5070 (0.1)
Good luck, bro!
  • #7,535
  • Jul 7, 2010 7:41am Jul 7, 2010 7:41am
Quoting wormboy
lol sorry if i sounded like i was boasting. I can assure you I was not brother. It actually is easier to hold on to a trade when you're safe in profit, regardless of the amount. In this case, I am still holding some shorts at this W1 pvp because it has not shown that it's going up yet. Between now & NY open price might just range. Sure I can take profit now, but what if the W1 pvp goes? Usually when a big level like this goes, the move is very fast & big, so I find it easier to stay in the trade and risk of not taking most of what I made in case...
Hope you don't mind if I comment on that as I also discussed it with Ken Lee recently. Love the following strategy: enter (that's the problem!), if it goes my way close half of the pos with profit and move stop either to BE (no risk anymore) or to entry (profit locked in). After that nothing really bad can happen anymore, so you can let the pos just do its thing and worry 'bout no thing. Guess WB is basically doing the same thing, only that he's scaling in and out in changing increments.
  • #7,536
  • Jul 7, 2010 7:46am Jul 7, 2010 7:46am
And now for something completely different: pips with AU?!
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  • #7,537
  • Jul 7, 2010 8:12am Jul 7, 2010 8:12am
Quoting wormboy
GBPUSD

1. long @5130 sl @5070 (0.1)

Added

GBPUSD

1. long @5130 sl @5070 (0.1)
2. long @5153 sl @5070 (0.2)
Thank You
  • #7,538
  • Jul 7, 2010 8:13am Jul 7, 2010 8:13am
Quoting AnonYmos
Good luck, bro!
good luck to you too bro!
Thank You
  • #7,539
  • Jul 7, 2010 9:55am Jul 7, 2010 9:55am
Stellar trading Azim........pleased to see you're still rockin it
  • #7,540
  • Jul 7, 2010 10:09am Jul 7, 2010 10:09am
Quoting wormboy
Added

GBPUSD

1. long @5130 sl @5070 (0.1)
2. long @5153 sl @5070 (0.2)

Closed partial

GBPUSD

2. long @5153 closed @5203 (0.2)

Remaining stop amended.

GBPUSD

1. long @5130 sl @5140 (0.1)
Thank You
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