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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #7,981
  • Jul 31, 2010 10:18am Jul 31, 2010 10:18am
Hi guys,

Begining this coming week, i won't be posting trade setups for a while as i'll be busy helping out my wife with her new business.
I will however be around within 2 hours after london open & will post trades taken from higher time frames. If there are any questions, just post them here & i will try to answer when i am online.

Enjoy your weekend

Ps: anonymos, i will send it to you on monday when i get back to my tading desk bro.
Thank You
  • #7,982
  • Aug 1, 2010 5:32pm Aug 1, 2010 5:32pm
Dear wormboy,

What do you think about this ?

http://img822.imageshack.us/img822/5180/79235156.gif

Thanks,
€.
  • #7,983
  • Edited 7:55pm Aug 1, 2010 7:27pm | Edited 7:55pm
GBPJPY

1. short @136.02 sl @137.20 (0.3)
Thank You
  • #7,984
  • Aug 1, 2010 7:31pm Aug 1, 2010 7:31pm
Quoting wormboy
GBPJPY

1. short @136.02 sl @137.10 (0.3)
I'm with you here WB. In @ 136.20..i was hoping for R1 but 10 pips on this thing is fine w/ me
  • #7,985
  • Aug 1, 2010 7:49pm Aug 1, 2010 7:49pm
Quoting uraceulose
I'm with you here WB. In @ 136.20..i was hoping for R1 but 10 pips on this thing is fine w/ me
cheers donnie, you got better price than I did
Taking this off the H4 as I won't have much time on my hands for a while.
As long as price does not clear the desc utl & w1 pvp I will keep this position.

Okay good luck with the trade
Attached Image (click to enlarge)
Click to Enlarge Name: gy4.gif Size: 21 KB
Thank You
  • #7,986
  • Aug 2, 2010 2:29am Aug 2, 2010 2:29am
gbpusd

1. short @5777 sl @5870 (0.5)
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  • #7,987
  • Aug 2, 2010 2:44am Aug 2, 2010 2:44am
Hey Wormie,

Not forex related, but as a Liverpool fan, I thought you might find this story of interest.

http://www.guardian.co.uk/football/2...enny-huang-rbs
  • #7,988
  • Aug 2, 2010 2:49am Aug 2, 2010 2:49am
Quoting daffy
Hey Wormie,

Not forex related, but as a Liverpool fan, I thought you might find this story of interest.

http://www.guardian.co.uk/football/2...enny-huang-rbs
hi daffy

yea read bout it this morning
still would prefer sheikh mohammed's money tho lol
Thank You
  • #7,989
  • Aug 2, 2010 2:58am Aug 2, 2010 2:58am
Quoting wormboy
hi daffy

yea read bout it this morning
still would prefer sheikh mohammed's money tho lol
Yeah, shame that didn't go through, although this guy seems to be doing it smarter and going direct to the bank to buy liverpool's debt. Sneaky manouevre, but understandable given the implied investment you would be taking on (new players, new stadium), and the price that the current owners are asking.
  • #7,990
  • Aug 2, 2010 4:47am Aug 2, 2010 4:47am
Quoting wormboy
GBPJPY

1. short @136.02 sl @137.20 (0.3)
trade stopped.

GBPJPY

1. short @136.02 stopped @137.20 (0.3)
Thank You
  • #7,991
  • Aug 2, 2010 4:58am Aug 2, 2010 4:58am
welp i should've stayed dumb as door knob and kept buying. this strength on sterling especially cable is unbelievable, even tho it was fullly expected. I know the original projection was 1.7, but not without a decent retrace to buy into. 400 pips up since last monday & still going
just ran out one of my resistance levels since friday & the last one I have open @5880 is about it. Above that, believe it or not is 1.63! lol
Thank You
  • #7,992
  • Aug 2, 2010 5:22am Aug 2, 2010 5:22am
Quoting wormboy
welp i should've stayed dumb as door knob and kept buying. this strength on sterling especially cable is unbelievable, even tho it was fullly expected. I know the original projection was 1.7, but not without a decent retrace to buy into. 400 pips up since last monday & still going
just ran out one of my resistance levels since friday & the last one I have open @5880 is about it. Above that, believe it or not is 1.63! lol
so bro you are expecting it to be down before up til 1.7000?m i right?one more thing that how deep you are expecting above 1.5000 level or we could dive lower again?as euro is on major weekly RR level from where if it will reject so could dive 500-800 points?

Ub
  • #7,993
  • Aug 2, 2010 7:14am Aug 2, 2010 7:14am
Quoting ubaidahsan
so bro you are expecting it to be down before up til 1.7000?m i right?one more thing that how deep you are expecting above 1.5000 level or we could dive lower again?as euro is on major weekly RR level from where if it will reject so could dive 500-800 points?

Ub
well my expectancies really don't mean squat in this business bro but yes, I do expect it to make a healthy retrace before the next leg up. Shooting up another 1200 pips from here to 1.7 is a bit unrealistic no matter how unpredictable the market is said to be
I am only allowing this trade to go as far as my stop. If it gets triggered, I will not buy. I'll let it climb & wait for it to retrace. I really don't feel comfortable because technically it does not make sense for me to be buying from here shooting for higher numbers. I do mean this in positional sense tho, not scalping. If you're scalping long, just go for it. I have no time to scalp tho atm. And I really don't see cable @1.5 or lower tbh. Maximum retrace is to 1.538, even that right now looks a bit far fetched. Probably ard 1.55 is more realistic. Then probably a few weeks into consolidation before another massive move up.
Thank You
  • #7,994
  • Aug 2, 2010 7:44am Aug 2, 2010 7:44am
Quoting wormboy
gbpusd

1. short @5777 sl @5870 (0.5)

Stop amended.

gbpusd

1. short @5777 sl @5890 (0.5)
Thank You
  • #7,995
  • Aug 2, 2010 8:43am Aug 2, 2010 8:43am
Quoting wormboy
well my expectancies really don't mean squat in this business bro but yes, I do expect it to make a healthy retrace before the next leg up. Shooting up another 1200 pips from here to 1.7 is a bit unrealistic no matter how unpredictable the market is said to be
I am only allowing this trade to go as far as my stop. If it gets triggered, I will not buy. I'll let it climb & wait for it to retrace. I really don't feel comfortable because technically it does not make sense for me to be buying from here shooting for higher numbers. I do mean this...
thanks for your post and clarification bro but i just want to know you remember last year move??when you was long from 4700 and your target was 1.7000 and if you remember on 45-47 market played around a week but once market broked 4900 and then 51 market shoot up non stop till 6500 with out correction so how can we expect correction this time also when market is on same levels and moving up like last year it moved??1.6000 is important area to watch still confused about it correction is due and its overbought but its going up up..selling now working at all only scalping with it...what are your views about that move

Ub
  • #7,996
  • Aug 2, 2010 11:15am Aug 2, 2010 11:15am
Quoting wormboy
Stop amended.

gbpusd

1. short @5777 sl @5890 (0.5)

Trade stopped.

gbpusd

1. short @5777 stopped @5890 (0.5)
Thank You
  • #7,997
  • Aug 2, 2010 11:24am Aug 2, 2010 11:24am
Quoting wormboy
Trade stopped.

gbpusd

1. short @5777 stopped @5890 (0.5)
cable had been awesome. pretty insane to think I've been selling this today

Right, here's the plan. Not buying from here.
Looking for a sell, but would wait for a very strong reversal formation before doing so again.
My position is now flat.
See you guys later & good luck.
Thank You
  • #7,998
  • Aug 2, 2010 1:23pm Aug 2, 2010 1:23pm
Yeah, I took a 90 pip hit on GJ too WB...oh well, we'll get them next time.

have a good day bro,

Donnie
  • #7,999
  • Aug 3, 2010 1:49am Aug 3, 2010 1:49am
GBPUSD

1. short @5923 sl @6050 (1.0)
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  • #8,000
  • Aug 3, 2010 3:06am Aug 3, 2010 3:06am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Wormie, you might wanna move your SL a little higher 20-30 pips then this...this is exactly 16066 (I am eyeing) where I think cable will hit next before cycling down.


ta
ams


Quoting wormboy
GBPUSD

1. short @5923 sl @6050 (1.0)
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