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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #7,921
  • Jul 27, 2010 7:36am Jul 27, 2010 7:36am
Quoting AnonYmos
Obviously I had to give up my bearish bias of earlier and went long @ 55499 sl @ 55170 (and EU @30378 no sl yet). Good luck, guys!

Let me give you some advise bro (obviously you dont have to take it)
Start trading more from feeling and less from technical... Yes, technical is very important, but learn from Wormie and use more feeling and intuition... Wormie is the master of that, switching sides when he feels its going wrong etc...
Sorry for critisizing you, I have done so with good intentions... I just saw some of your posts when you ask wormie why he took a trade when all is not alligned technically... And again the answer is feel and intuition..

Cheers and good trading to all
  • #7,922
  • Edited Jul 28, 2010 3:35am Jul 27, 2010 7:40am | Edited Jul 28, 2010 3:35am
I'm fickle today. Or am I flexible? Or restless? Overtrading? - Whatever. Closed the GU long with -28 pips (and the EU long with -17 pips) and opened a GU short @ .55332 sl .55800 (and a EU short @ .29761 sl .30500 and a AU short @ .90227 sl .90700 and a GY short @ 135.895 sl 136.500 while I still got a GY long open from 128.313 sl 130.100 and a AU long from .85101 sl .85101). Ahemm ...... comments welcome.
  • #7,923
  • Jul 27, 2010 7:43am Jul 27, 2010 7:43am
Quoting PIP Lover
Let me give you some advise bro (obviously you dont have to take it)
Start trading more from feeling and less from technical... Yes, technical is very important, but learn from Wormie and use more feeling and intuition... Wormie is the master of that, switching sides when he feels its going wrong etc...
Sorry for critisizing you, I have done so with good intentions... I just saw some of your posts when you ask wormie why he took a trade when all is not alligned technically... And again the answer is feel and intuition..

Cheers and good trading...
I love being critisized. Obviously everybody telling me all the time what a wonderful fella I am doesn't really help too much (merely feels good but so what). So, thanks for the advise.

And you're right. It "feels" bearish.
  • #7,924
  • Jul 27, 2010 8:00am Jul 27, 2010 8:00am
Quoting wormboy
GBPUSD

1. short @5522 sl @5570 (0.3)
Trade closed.

GBPUSD

1. short @5522 closed @5541 (0.3)
Thank You
  • #7,925
  • Jul 27, 2010 8:02am Jul 27, 2010 8:02am
GBPUSD

1. long @5542 sl @5435 (0.3)

my last trade for the day.
Thank You
  • #7,926
  • Jul 27, 2010 8:22am Jul 27, 2010 8:22am
Quoting wormboy
GBPUSD

1. long @5542 sl @5435 (0.3)

my last trade for the day.
Trade closed.

GBPUSD

1. long @5542 closed @5519 (0.3)

I'm done. see you tomorrow
Thank You
  • #7,927
  • Jul 27, 2010 8:46am Jul 27, 2010 8:46am
Quoting wormboy
Trade closed.

GBPUSD

1. long @5542 closed @5519 (0.3)

I'm done. see you tomorrow
oopss 2 hours long short long short and closed in loss confusing PA what a heck bad day

Ub
  • #7,928
  • Jul 27, 2010 9:41am Jul 27, 2010 9:41am
Quoting ubaidahsan
oopss 2 hours long short long short and closed in loss confusing PA what a heck bad day

Ub
lol yea, I made only $68 total for the day, what a joke.
Anyway, my monthly quota had been met & trading like today & yesterday I can do without. It's too tiring.
I'm gonna take the rest of the month off. See you guys in a few days.

Good luck
Thank You
  • #7,929
  • Jul 27, 2010 5:55pm Jul 27, 2010 5:55pm
welp i'm up early. glanced at the working charts & found a small nugget.
Our beast had closed a dark cloud cover right at the W1 resistance.
Might get some change from this trade I reckon if anyone's willing. Excellent risk reward.

Later folks, have a great day
Attached Image (click to enlarge)
Click to Enlarge Name: gy4.gif Size: 20 KB
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  • #7,930
  • Jul 27, 2010 11:05pm Jul 27, 2010 11:05pm
welp cable had just arrived at another level on my W1 chart. Coincidentally this level is also the montly resistance level I was talking with dario yesterday (5597 level). What happens here? Will be interesting watch for me.
No trades for today, just watching & taking notes.
Looking back at this chart tho it id quite amazing almost 2 months cable came all this way up without much of a hassle.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: guw2.gif Size: 25 KB
Click to Enlarge Name: guw3.gif Size: 24 KB
Thank You
  • #7,931
  • Jul 28, 2010 1:04am Jul 28, 2010 1:04am
If we stay above 1.55, I think 1.57 is a reasonable area to expect cable to move to, and given cable's history with the 1.57/1.58 level, I think that's where I'd be looking to go short from.

Be interesting to see if we see any signs of selling on the way up, as that would indicate short position building by institutions.

Let's see if/when we get there.
  • #7,932
  • Jul 28, 2010 1:36am Jul 28, 2010 1:36am
Quoting wormboy
welp cable had just arrived at another level on my W1 chart. Coincidentally this level is also the montly resistance level I was talking with dario yesterday (5597 level). What happens here? Will be interesting watch for me.
No trades for today, just watching & taking notes.
Looking back at this chart tho it id quite amazing almost 2 months cable came all this way up without much of a hassle.
what's your take on the future development, bro? we should have stayed focused on the 1.70. didn't expect it to float up there as smoothly as it did benignly ignoring all res on the way ...
  • #7,933
  • Jul 28, 2010 3:34am Jul 28, 2010 3:34am
Quoting AnonYmos
I'm fickle today. Or am I flexible? Or restless? Overtrading? - Whatever. Closed the GU long with -28 pips (and the EU long with -17 pips) and opened a GU short @ .55332 sl .55800 (and a EU short @ .29761 sl .30500 and a AU short @ .90227 sl .90700 and a GY short @ 135.895 sl 136.500 while I still got a GY long open from 128.313 sl 130.100 and a AU long from .85101 sl .85101). Ahemm ...... comments welcome.
GU and GY shorts stopped out. Reloaded GY short (@ 137.066 sl 137.60) and added EY short (@ 114.34 sl 114.80) and UY long (@ 88.076 sl 87.62). UY on a losing trajectory, all others green. AU and EY shorts locked in at BE plus a couple of pips by now. GY and AU longs paying the bill anyways.
  • #7,934
  • Jul 28, 2010 3:39am Jul 28, 2010 3:39am
Quoting AnonYmos
what's your take on the future development, bro? we should have stayed focused on the 1.70. didn't expect it to float up there as smoothly as it did benignly ignoring all res on the way ...
long term you mean? 1.7. I've never changed that view you know that
But yes, I do have my regrets for clearing my positions @1.49 when price stalled at the top of the descending channel for 2 weeks. I mean I bought that trade from 1.4247. You don't get any closer to the bottom than that! lol
Right now, I am anticipating a retrace, probably 200-300 pips before ranging for a few weeks. Similar to last year. And we'll probably see cable rise bigtime after the Q3 & get to 1.7

These are long term projections tho. I have no long term trades as we speak. Will let you know when I find one that is appropriate.
Thank You
  • #7,935
  • Jul 28, 2010 4:04am Jul 28, 2010 4:04am
Quoting wormboy
long term you mean? 1.7. I've never changed that view you know that
But yes, I do have my regrets for clearing my positions @1.49 when price stalled at the top of the descending channel for 2 weeks. I mean I bought that trade from 1.4247. You don't get any closer to the bottom than that! lol
Right now, I am anticipating a retrace, probably 200-300 pips before ranging for a few weeks. Similar to last year. And we'll probably see cable rise bigtime after the Q3 & get to 1.7

These are long term projections tho. I have no long term trades as we...
Had a GU long from 1.43 covered and locked for BE and closed it to protect 30 pips profit. Will be hauting me for the rest of my life. But at least it's lesson learnt. Never ever close the 2d half of a position. Just let it run until it reaches the moon.

Trade well, bro!
  • #7,936
  • Jul 28, 2010 5:11am Jul 28, 2010 5:11am
Quoting AnonYmos
Had a GU long from 1.43 covered and locked for BE and closed it to protect 30 pips profit.
Trade well, bro!
holy crap!
I can say "well at least you didn't lose that trade". But I'll be lying! There's no comforting that one lol. Better luckk next time bro.
Thank You
  • #7,937
  • Jul 28, 2010 5:28pm Jul 28, 2010 5:28pm
Quoting wormboy
welp i'm up early. glanced at the working charts & found a small nugget.
Our beast had closed a dark cloud cover right at the W1 resistance.
Might get some change from this trade I reckon if anyone's willing. Excellent risk reward.

Later folks, have a great day
GBPJPY

1. short @136.34 sl @137.60 tp @133.90 (2.0)
Attached Image (click to enlarge)
Click to Enlarge Name: gy4a.gif Size: 20 KB
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  • #7,938
  • Jul 28, 2010 8:06pm Jul 28, 2010 8:06pm
Quoting wormboy
GBPJPY

1. short @136.34 sl @137.60 tp @133.90 (2.0)
Hi WB, nice setup, im with you, im short GJ since 3 days and only add to my position on the reject of 137,40 and on the break of TL, TP dont know yet but i will have a look at different DS and also on the weekly support.

I see that you are very confident to this trade (2.0), only one thing green pips to us.
Trade with the momentum
  • #7,939
  • Jul 28, 2010 8:10pm Jul 28, 2010 8:10pm
Quoting sailor68
Hi WB, nice setup, im with you, im short GJ since 3 days and only add to my position on the reject of 137,40 and on the break of TL, TP dont know yet but i will have a look at different DS and also on the weekly support.

I see that you are very confident to this trade (2.0), only one thing green pips to us.
Hi see 133.90 fibo between 50% and 61.8% good area for a TP (maybe half) and see if we can have more deep....
Trade with the momentum
  • #7,940
  • Jul 28, 2010 11:43pm Jul 28, 2010 11:43pm
I have on my chart a rising wedge reaching almost the pinnacle, so I have decided to sell @5629.
This thing can still spike up to the secondary weekly resistance @5662 tho, so I have widen my stop by 120 pips from my entry just in case the pattern fails & things do not go as planned, I'll be able to reasses without having to worry too much of stop being to tight and having to make hasty decision. Hopefully I don't have to do that

GBPUSD

1. short @5629 sl @5749 (0.5)
Attached Image (click to enlarge)
Click to Enlarge Name: guh4.gif Size: 25 KB
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