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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #8,081
  • Aug 10, 2010 5:07am Aug 10, 2010 5:07am
Quoting wormboy
GBPUSD

1. short @5783 sl @5855 (0.3)

Booked partial.

GBPUSD

1. short @5783 closed @5722 (0.2)

Remaining stop amended.

GBPUSD

1. short @5783 sl @5780 (0.1)
Thank You
  • #8,082
  • Edited 5:53am Aug 10, 2010 5:41am | Edited 5:53am
Quoting wormboy
hi reflex

I do have 6350 as the next topside level once 5970 gives way. I do say once because I've always stated that cable will see 1.7 again but, not now. A retrace is due & 5970 is a very big level. We have the W1 50%, the monthly R1 & the quarterly resistance at this level. So breaking it is not going to be easy. And seeing how the W1 had opened this week, I do agree that cable is likely to retest 5640 level.

I've attached my W1 working chart below. Hope it helps. Have a good one
Cheers Wormboy I was waiting for it to drop all day yesterday I gave up in the end and left whnt to the gym came back and it had gone lol.
One thing I have been using for a while is trendline overshoots then tests of the extreme they seem to work well. In the example below 1hr we overshoot the bullish TL (yellow) then rallied up to test the extreme after NFP then triple toped and kept closing back under the 15970.
after the trendline over shoot showing weaknes then the test of the extreme and failure at 16000 these were my reasons for looking short yesterday.

Is that something you watch overshoots and tests of extremes?

I have had a bad day today again I was looking for a short to 15736-15704 area it came after the triangle wedge fakeout triple top on 5min chart below and I took profit after 11pips!! (15800) I thouht it was going to keep on ranging but should have just stuck to my target.

Don't know how you stay in for so long something I'm really going have to learn.

Cheers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-08-10_1340.jpg Size: 154 KB
Click to Enlarge Name: 2010-08-10_1344.jpg Size: 136 KB
  • #8,083
  • Edited 9:51am Aug 10, 2010 9:37am | Edited 9:51am
Quoting wormboy
Booked partial.

GBPUSD

1. short @5783 closed @5722 (0.2)

Remaining stop amended.

GBPUSD

1. short @5783 sl @5780 (0.1)

Remaining trade stopped.

GBPUSD

1. short @5783 stopped @5780 (0.1)


okay done for the day. not gonna stick around for the rates, first day of Ramadhan tomorrow, gotta get up early.
Good luck to everyone & Ramadhan Karim, happy fasting to all my Muslim brothers.
Thank You
  • #8,084
  • Aug 10, 2010 11:20am Aug 10, 2010 11:20am
GBPUSD

1. short @5839 sl @6000 (0.3)
Thank You
  • #8,085
  • Aug 10, 2010 12:37pm Aug 10, 2010 12:37pm
Azim, just curious, and this is by no means a shot at your trading as you do very well, but the last few weeks I am seeing mainly (all?) short trades on the cable, while it has been going nowhere but up since May. You even called 1.7000 yourself near the bottom - turning out to be a great call - but you seem to end up short every day and I haven't seen you take a long trade in weeks.
Cap
  • #8,086
  • Aug 10, 2010 3:02pm Aug 10, 2010 3:02pm
Quoting The Captain
Azim, just curious, and this is by no means a shot at your trading as you do very well, but the last few weeks I am seeing mainly (all?) short trades on the cable, while it has been going nowhere but up since May. You even called 1.7000 yourself near the bottom - turning out to be a great call - but you seem to end up short every day and I haven't seen you take a long trade in weeks.
hi captain

I did buy when price was @4247 but I cashed that trade @4900
After that I was taking trades on both sides. Having seen where cable is today I do feel a bit like an ass for clearing that long from 4247 lol.
But, I've not been selling only. I do scalp both ways.
The last recorded long entry here was at the end of July:
1. http://www.forexfactory.com/showthre...56630&page=528

Since then I wasn't comfortable buying anymore because price was approaching my W1 resistance & I didn't fancy the risk involved.
The whole of last week till this week I've been trying to position short from 970 resistance & it's been pretty safe.
Thank You
  • #8,087
  • Aug 10, 2010 4:58pm Aug 10, 2010 4:58pm
Quoting wormboy
GBPUSD

1. short @5839 sl @6000 (0.3)
Trade closed.

GBPUSD

1. short @5839 closed @5810 (0.3)
Thank You
  • #8,088
  • Aug 10, 2010 5:03pm Aug 10, 2010 5:03pm
Quoting wormboy
Closed partial.

UsdCad

1. long @1.0272 closed @1.0339 (0.5)


Remaining stop amended.

UsdCad

1. long @1.0272 sl @1.0275 (0.5)

D1 still is failing at the ascending ltl. Will need a strong close above it to confirm bulls have taken over completely.
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 25 KB
Thank You
  • #8,089
  • Aug 11, 2010 12:00am Aug 11, 2010 12:00am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Good day to you,
if this week doesnot make new high and closed as bearish.. then this pattern will be valid

Good day to you ,

weekly bearish gartley still in play plus head and shoulder on 4 hour.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour h&s.png Size: 45 KB
  • #8,090
  • Aug 11, 2010 1:26am Aug 11, 2010 1:26am
GBPUSD

1. short @5777 sl @5850 (0.3)
Thank You
  • #8,091
  • Aug 11, 2010 1:48am Aug 11, 2010 1:48am
Quoting wormboy
GBPUSD

1. short @5777 sl @5850 (0.3)
what is your target bro??5700??

Ub
  • #8,092
  • Aug 11, 2010 2:07am Aug 11, 2010 2:07am
Quoting ubaidahsan
what is your target bro??5700??

Ub
5640 bro
Thank You
  • #8,093
  • Aug 11, 2010 2:34am Aug 11, 2010 2:34am
Merve the Swerve does it again! Merve speaks, Cable drops.
  • #8,094
  • Aug 11, 2010 2:34am Aug 11, 2010 2:34am
Quoting wormboy
5640 bro
champ you are i check H4 candle and as it close this hour i took short at 5775 and in 30 min kabooom now SL at BE thanks bro

Ub
  • #8,095
  • Aug 11, 2010 2:44am Aug 11, 2010 2:44am
Quoting wormboy
GBPUSD

1. short @5777 sl @5850 (0.3)

closed partial

GBPUSD

1. short @5777 closed @5692 (0.2)

Remaining stop amended.

GBPUSD

1. short @5777 sl @5770 (0.1)
Thank You
  • #8,096
  • Aug 11, 2010 2:45am Aug 11, 2010 2:45am
Quoting ubaidahsan
champ you are i check H4 candle and as it close this hour i took short at 5775 and in 30 min kabooom now SL at BE thanks bro

Ub
mabrook

don't forget to buy me coffee
okay gtg now. need to buy food. later bro
Thank You
  • #8,097
  • Aug 11, 2010 3:01am Aug 11, 2010 3:01am
Quoting wormboy
mabrook

don't forget to buy me coffee
okay gtg now. need to buy food. later bro
lol bro you deserve more then a coffee cup you help aload you deserve more..let me set then will visit you soon heheh..btw bro its looking around 5629ish...and today expecting more move today coz before US session move is almost 200 pips..let see how it goes

Ub
  • #8,098
  • Aug 11, 2010 6:54am Aug 11, 2010 6:54am
Quoting wormboy
Closed partial.

UsdCad

1. long @1.0272 closed @1.0339 (0.5)


Remaining stop amended.

UsdCad

1. long @1.0272 sl @1.0275 (0.5)
Closed partial

UsdCad

1. long @1.0272 closed @1.0435 (0.2)

Remaining stop amended.

UsdCad

1. long @1.0272 sl @1.0295 (0.3)
Thank You
  • #8,099
  • Aug 11, 2010 7:22am Aug 11, 2010 7:22am
Quoting wormboy
closed partial

GBPUSD

1. short @5777 closed @5692 (0.2)

Remaining stop amended.

GBPUSD

1. short @5777 sl @5770 (0.1)

Remaining stop amended.

GBPUSD

1. short @5777 sl @5740 (0.1)
Thank You
  • #8,100
  • Aug 11, 2010 7:38am Aug 11, 2010 7:38am
Quoting wormboy
5640 bro
done. W1 levels never fails.
Attached Image (click to enlarge)
Click to Enlarge Name: guww.gif Size: 23 KB
Thank You
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