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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #7,961
  • Jul 29, 2010 11:49am Jul 29, 2010 11:49am
Quoting sailor68
Hi WB, still short Dragon (will take 70% of Profit) near WP if go there and look if we can go more lower. Close already my short on GU at DP.
hi sailor, not if, it's when
keep lowering your stop bro, got nothing to worry about.

I'll take some profit on cable @5553. got my price alert set.
The rest I'm leaving for lower levels. All depends on how the D1 closes later tho.
If it closes bearish, I'm not going to bother closing too early
Thank You
  • #7,962
  • Jul 29, 2010 12:08pm Jul 29, 2010 12:08pm
Quoting wormboy
hi sailor, not if, it's when
keep lowering your stop bro, got nothing to worry about.

I'll take some profit on cable @5553. got my price alert set.
The rest I'm leaving for lower levels. All depends on how the D1 closes later tho.
If it closes bearish, I'm not going to bother closing too early
Thank for this advice, i will move my SL and my chart will tell me what to do. Ok now go sleep a little see you later at asian session.
Trade with the momentum
  • #7,963
  • Jul 29, 2010 9:11pm Jul 29, 2010 9:11pm
Quoting wormboy
closed partial

GBPJPY

1. short @136.34 closed @134.99 (0.2)


Remaining trade unchanged

GBPJPY

1. short @136.34 sl @136.20 tp @133.90 (0.3)

Remaining stop amended

GBPJPY

1. short @136.34 sl @136.05 tp @133.90 (0.3)
Thank You
  • #7,964
  • Jul 29, 2010 9:57pm Jul 29, 2010 9:57pm
Quoting wormboy
Getting closer. Keep going please
good morning

yesterday's low is now taken out leaving us a little less than 90 pips to the 133.9 target level. 134.50 could provide us with a bit of challenge as that previously was a minor support. In any case we'll be looking to lock 50%-75% of our gains to be on the safe side.

Have a great day everyone
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gy4c.gif Size: 21 KB
Click to Enlarge Name: gy4d.gif Size: 20 KB
Thank You
  • #7,965
  • Edited Jul 30, 2010 2:37am Jul 29, 2010 9:58pm | Edited Jul 30, 2010 2:37am
Quoting wormboy
Remaining stop amended

GBPJPY

1. short @136.34 sl @136.05 tp @133.90 (0.3)

Closed partial

GBPJPY

1. short @136.34 closed @134.83 (0.1)


Remaining stop amended.

GBPJPY

1. short @136.34 sl @135.64 tp @133.90 (0.2)
Thank You
  • #7,966
  • Jul 30, 2010 2:33am Jul 30, 2010 2:33am
Quoting wormboy
Closed partial

GBPJPY

1. short @136.34 closed @134.62 (0.1)


Remaining stop amended.

GBPJPY

1. short @136.34 sl @135.64 tp @133.90 (0.2)

closed another partial

GBPJPY

1. short @136.34 closed @134.91 (0.1)

Remaining stop amended.

GBPJPY

1. short @136.34 sl @135.55 tp @133.90 (0.1)
Thank You
  • #7,967
  • Jul 30, 2010 2:46am Jul 30, 2010 2:46am
nice start to the day yea? love this volatility. more of it please!
Thank You
  • #7,968
  • Jul 30, 2010 4:14am Jul 30, 2010 4:14am
I think it's worth keep an eye on UJ wrt. managing yen cross trades. The recent slide in EJ and GJ was down to UJ slide from just below 88.00 to 86.25 where we currently sit. 86.00 is major support, and at this level, we have to consider the possibility of intervention occurring. For further slides in yen crosses, we'd need to break 86.00 and then all eyes would be on 85.00, and if we didn't see intervention at 85.00, I would be amazed!
  • #7,969
  • Jul 30, 2010 4:52am Jul 30, 2010 4:52am
here we go. close below day open, & cable will likely spiral down.
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Thank You
  • #7,970
  • Jul 30, 2010 5:02am Jul 30, 2010 5:02am
Quoting wormboy
Stop amended.

GBPUSD

1. short @5629 sl @5705 (0.5)
Closed partial

GBPUSD

1. short @5629 closed @5565 (0.2)


Remaining stop amended.

GBPUSD

1. short @5629 sl @5695 (0.3)
Thank You
  • #7,971
  • Jul 30, 2010 5:03am Jul 30, 2010 5:03am
Quoting wormboy
Closed partial

GBPUSD[/u]

1. short @5629 closed @5565 (0.2)


Remaining stop amended.

GBPUSD[/u]

1. short @5629 sl @5695 (0.3)

Primary support reached.
Attached Image (click to enlarge)
Click to Enlarge Name: g5a.gif Size: 27 KB
Thank You
  • #7,972
  • Jul 30, 2010 5:13am Jul 30, 2010 5:13am
Quoting wormboy
welp, looks like we're in the money
Rising wedge broken, the rejections at W1 R2 @5662 (three times), producing one spinning top & two shooting stars which had broken the ltl & dp. Still would want a clean close below for a better confirmation but looks like cable had likely topped out. I'm happy to retain short positions taken earlier.

Good luck everyone.
Okay, there's our previous R1 retest, which is also primary support for the day.
Good area to book some profit if selling imho. Bearish rising wedge is now valid, looks like the balance of power had shifted & retrace is well underway.

Good luck.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: guh4c.gif Size: 27 KB
Thank You
  • #7,973
  • Jul 30, 2010 7:43am Jul 30, 2010 7:43am
Quoting wormboy
closed another partial

GBPJPY

1. short @136.34 closed @134.91 (0.1)

Remaining stop amended.

GBPJPY

1. short @136.34 sl @135.55 tp @133.90 (0.1)

Remaining stop amended.

GBPJPY

1. short @136.34 sl @135.00 tp @133.90 (0.1)
Thank You
  • #7,974
  • Jul 30, 2010 9:16am Jul 30, 2010 9:16am
Quoting wormboy
Remaining stop amended.

GBPJPY

1. short @136.34 sl @135.00 tp @133.90 (0.1)


Remaining trade stopped

GBPJPY

1. short @136.34 stopped @135.00 (0.1)
Thank You
  • #7,975
  • Jul 30, 2010 9:18am Jul 30, 2010 9:18am
too bad we missed the target by 30 pips. Was a nice try
Okay, now I got to figure out what to do with cable. This is one stubborn sucka!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gy4e.gif Size: 20 KB
Thank You
  • #7,976
  • Jul 30, 2010 9:22am Jul 30, 2010 9:22am
Quoting wormboy
too bad we missed the target by 30 pips. Was a nice try
Okay, now I got to figure out what to do with cable. This is one stubborn sucka!
Yes but not too bad i closed my short on dragon at 134.40...now i look if i can add one short later or stay flat...now i will look at your chart for GU, nice week WB
Trade with the momentum
  • #7,977
  • Jul 30, 2010 9:51am Jul 30, 2010 9:51am
Quoting sailor68
Yes but not too bad i closed my short on dragon at 134.40...now i look if i can add one short later or stay flat...now i will look at your chart for GU, nice week WB
very nice my friend
you're planning to take another trade today?
I'm waiting till london close. If I don't get stopped out of my remaining cable trade, I'll probably clear the remaining positions.

Let's see what happens
Thank You
  • #7,978
  • Jul 30, 2010 10:28am Jul 30, 2010 10:28am
Quoting wormboy
Closed partial

GBPUSD

1. short @5629 closed @5565 (0.2)


Remaining stop amended.

GBPUSD

1. short @5629 sl @5695 (0.3)

Remaining trade stopped.

GBPUSD

1. short @5629 stopped @5695 (0.3)

okay. done for the week
enjoy the weekend everyone!
Thank You
  • #7,979
  • Jul 30, 2010 10:55am Jul 30, 2010 10:55am
Quoting wormboy
Remaining trade stopped.

GBPUSD

1. short @5629 stopped @5695 (0.3)

okay. done for the week
enjoy the weekend everyone!
Okay WB, No more trade for me, nice week end, see you on monday, i will use the week end for read some ebook (this week : trading for a living and next week : trading in the zone).
Trade with the momentum
  • #7,980
  • Jul 30, 2010 11:06am Jul 30, 2010 11:06am
Hey bro! Take a look at EU. Could be a hangman on the d1 and one of these wedges you like so much on the 4h. No breakout yet. Have a good weekend!
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