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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #7,781
  • Jul 20, 2010 5:18am Jul 20, 2010 5:18am
Quoting nAVIN2007
no man u dont actually i think it is impressive u have no bias and just go with it..u have adapted to higher leverage fantastically..

i think yur on your way to be great!!!..i really do mean that!

I just hope i can follow yur example one of these days
nav!

thank you for the kind words bro, means a lot to me.
I'm just way pissed at myself today for being hasty that's all.
I hope you have a great trading day bro! Good luck!
Thank You
  • #7,782
  • Jul 20, 2010 5:32am Jul 20, 2010 5:32am
Quoting wormboy
nav!

thank you for the kind words bro, means a lot to me.
I'm just way pissed at myself today for being hasty that's all.
I hope you have a great trading day bro! Good luck!
this is the problem with high leverage..every support or resistance u have to consider a turning point..becomes a different game..

im begining to think swing trade on currencies that are in downtrend as price moves down so much quicker than moving up!

thanks man
  • #7,783
  • Jul 20, 2010 5:38am Jul 20, 2010 5:38am
Quoting samirb
hello wormie

the head & shoulder which you figure out ... still its playing very well
hi samir,

great going there buddy
Keep an eye on the larger one in the works (it does look dodgy i admit, but they all count ). It's attempting to take out the neckline atm. That goes, it's timber all the way. But closing below the previous range hi ard 5205 is paramount tho. If it fails, this thing might just rocket up again.

Good luck!
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Thank You
  • #7,784
  • Jul 20, 2010 5:46am Jul 20, 2010 5:46am
Quoting nAVIN2007
this is the problem with high leverage..every support or resistance u have to consider a turning point..becomes a different game..

im begining to think swing trade on currencies that are in downtrend as price moves down so much quicker than moving up!

thanks man
yep that's true bro. and furthermore taking off trades which are not off the biggest supp/res levels are not easy to hold on for long period of time. There are places where it's okay to take trades with high pip value, but those levels are scarce, especially if daytrading. Gotta b real quick to switch between the trades when one is not working. Losses at the most can be kept at a minimum, or at least we can run away with a bit of profit ( hey I took 3 trades today, 2 which ended with a loss & still managed $60 profit, as misrable as it sounds! ). It honestly is hard to lose at the end of the day if one can switch quickly once the tide changes.
Thank You
  • #7,785
  • Jul 20, 2010 5:50am Jul 20, 2010 5:50am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
wormie..
if this neckline gives the way... what will be the target can anyone hope for..
THanks in advance
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  • #7,786
  • Jul 20, 2010 6:37am Jul 20, 2010 6:37am
watch out 1.5120/30 area .Support and confluence area.
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  • #7,787
  • Jul 20, 2010 9:26am Jul 20, 2010 9:26am
GBPUSD

1. short @5239 sl @5315 (1.0)
Thank You
  • #7,788
  • Jul 20, 2010 12:33pm Jul 20, 2010 12:33pm
Quoting wormboy
GBPUSD

1. short @5239 sl @5315 (1.0)
i enters with you but get out in 4 pips coz i saw a continuation but now asking you what is next again setup for buying or top on sell please post your chart

thanks

Ub
  • #7,789
  • Jul 20, 2010 12:42pm Jul 20, 2010 12:42pm
Quoting wormboy
hi samir,

great going there buddy
Keep an eye on the larger one in the works (it does look dodgy i admit, but they all count ). It's attempting to take out the neckline atm. That goes, it's timber all the way. But closing below the previous range hi ard 5205 is paramount tho. If it fails, this thing might just rocket up again.

Good luck!
Shared your analysis in quoted post. But it bounced again. Got a big fat hammer on the 4h. Will it test 1.55 again?

As we know our charts look slightly different. On my daily it's also broken the desc tl coming in from 17.11.09 and today retested the break. 1.70 - remember?
  • #7,790
  • Jul 21, 2010 1:30am Jul 21, 2010 1:30am
Sorry for yesterday's trades wormie .I' am watching this 1hr index chart.

Break this neckline should explode gu to 1.55 area.

Good luck bro.
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  • #7,791
  • Jul 21, 2010 2:13am Jul 21, 2010 2:13am
Quoting wormboy
GBPUSD

1. short @5239 sl @5315 (1.0)
Trade stopped.

GBPUSD

1. short @5239 stopped @5315 (1.0)
Thank You
  • #7,792
  • Jul 21, 2010 2:18am Jul 21, 2010 2:18am
Quoting wormboy
Trade stopped.

GBPUSD

1. short @5239 stopped @5315 (1.0)

holy crap man... that was unlucky!!!! couple of minuts before and your S/L wouldn't be hitten!!
I don't want a job, i want money!
  • #7,793
  • Jul 21, 2010 2:37am Jul 21, 2010 2:37am
Quoting dario1002
holy crap man... that was unlucky!!!! couple of minuts before and your S/L wouldn't be hitten!!
no issue bro
I got that trade covered during asia with dragon
We'll get the next ride south
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Thank You
  • #7,794
  • Jul 21, 2010 3:21am Jul 21, 2010 3:21am
Quoting wormboy
no issue bro
I got that trade covered during asia with dragon
We'll get the next ride south
nice ride south
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Thank You
  • #7,795
  • Jul 21, 2010 3:41am Jul 21, 2010 3:41am
Quoting wormboy
nice ride south

I took a short on EJ due to the broken triangle... basically made my day with this trade only. Seriously thinking about spending the rest of the morning getting burnt at the seaside
I don't want a job, i want money!
  • #7,796
  • Jul 21, 2010 3:57am Jul 21, 2010 3:57am
Quoting dario1002
I took a short on EJ due to the broken triangle... basically made my day with this trade only. Seriously thinking about spending the rest of the morning getting burnt at the seaside
that's a good idea
i'm gonna stick around. more south to come
Thank You
  • #7,797
  • Jul 21, 2010 4:07am Jul 21, 2010 4:07am
Quoting wormboy
that's a good idea
i'm gonna stick around. more south to come
I do hope so... i still have one little soldier riding here and there on EY.. let's see if he can score or he will get stopped. My last goal is 111.50, while my S/L is at 112.07 (everybody always says that asian cross like round number... so let's see how it goes)

Feel free to short EY with all the farm
I don't want a job, i want money!
  • #7,798
  • Jul 21, 2010 4:38am Jul 21, 2010 4:38am
ok that spike took my S/L .... well no worry

Azim.. i wanted to ask u if that looks like a diamod formation to u... once we talked about it and i am not sure if that is the right formation, could u please have a quick look and tell me??

thanks man.. and sorry, i know u don't watch this pair, that is more for "the sake of knowing"
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I don't want a job, i want money!
  • #7,799
  • Jul 21, 2010 4:39am Jul 21, 2010 4:39am
P.S. don't get disappointed by the MAs... i rarely use this timeframe (30 mins) and they were still there from the past
I don't want a job, i want money!
  • #7,800
  • Jul 21, 2010 4:58am Jul 21, 2010 4:58am
Quoting dario1002
ok that spike took my S/L .... well no worry

Azim.. i wanted to ask u if that looks like a diamod formation to u... once we talked about it and i am not sure if that is the right formation, could u please have a quick look and tell me??

thanks man.. and sorry, i know u don't watch this pair, that is more for "the sake of knowing"
it's not a diamond bro. the desc utl to your left has no significant.

p/s : lose the averages, they're shit
you don't have to believe me, see how flat they are while price bounced up & down like that?
Thank You
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