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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #8,121
  • Aug 12, 2010 6:05am Aug 12, 2010 6:05am
Quoting samirb
Good day to you,

closing short here at 5584 for 400 pips not to be greedy here.. still i see potential to downside with three black crows on daily.. but strong support here..

so i m flat now..

Regards
nice trading samir
Thank You
  • #8,122
  • Aug 12, 2010 12:06pm Aug 12, 2010 12:06pm
Quoting wormboy
Closed another partial

UsdCad

1. long @1.0272 closed @1.0469 (0.1)

Remaining stop amended, tp installed.

UsdCad

1. long @1.0272 sl @1.0315 tp @1.0675 (0.2)
Remaining trade closed.

UsdCad

1. long @1.0272 closed @1.0431 (0.2)
Thank You
  • #8,123
  • Edited 12:21pm Aug 12, 2010 12:09pm | Edited 12:21pm
Quoting wormboy
closed partial

gbpusd

1. short @5665 closed @5590 (0.2)

remaining stop amended

1. short @5665 sl @5660 (0.1)
Will leave this one last trade open since cable is now below the secondary support.
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 28 KB
Thank You
  • #8,124
  • Aug 12, 2010 4:00pm Aug 12, 2010 4:00pm
Quoting wormboy
Will leave this one last trade open since cable is now below the secondary support.
Dear Bro,

please check my chart and explain it to me better in my chart i can see that 54xx is next level but what will happen after that it will test and go up or will continue how do you judge it that it could reverse from there as we can see 54xx is important area and if we broke it so we will again in a TL of 51xx so what is next what are you views according to my TL it has to touch and then bounce for upside lil confuse about it..coz its dropping like a rock since past 4 days

thanks

Ub
Attached Image (click to enlarge)
Click to Enlarge Name: gutl.JPG Size: 150 KB
  • #8,125
  • Aug 12, 2010 7:26pm Aug 12, 2010 7:26pm
Quoting ubaidahsan
Dear Bro,

please check my chart and explain it to me better in my chart i can see that 54xx is next level but what will happen after that it will test and go up or will continue how do you judge it that it could reverse from there as we can see 54xx is important area and if we broke it so we will again in a TL of 51xx so what is next what are you views according to my TL it has to touch and then bounce for upside lil confuse about it..coz its dropping like a rock since past 4 days

thanks

Ub
hi ub

I've posted the D1 yesterday. The chart is here. You can see you're missing one ltl which is smack on yesterday's candle close. Immediate trend is still bearish. The 3 crows formation is still valid. Only way that's ever going to change is a reversal on the htf. At least the H4. I take the crows formation seriously as it is a highly reliable formation. Ltf reversals or bounces ie from the H1 or lower does not carry much weight when this type or formation appears on the D1. And try to not get caught into thinking this could be a reversal day just because price had arrived at previous consolidation zone. The last time cable was here, price ranged for almost 3 days. so be careful. If you have to trade, just scalp the ranges. Else, wait for the breakout.
I'm still selling. We still have that mid london's thrust yesterday. That itself is significant.
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 19 KB
Thank You
  • #8,126
  • Aug 13, 2010 2:13am Aug 13, 2010 2:13am
Quoting wormboy
closed partial

gbpusd

1. short @5665 closed @5590 (0.2)

remaining stop amended

1. short @5665 sl @5660 (0.1)

remaining trade stopped

1. short @5665 stopped @5660 (0.1)

My position is now flat.
Thank You
  • #8,127
  • Aug 13, 2010 4:36am Aug 13, 2010 4:36am
GBPUSD

1. short @5614 sl @5720 (0.2)
Thank You
  • #8,128
  • Aug 13, 2010 9:13am Aug 13, 2010 9:13am
Quoting wormboy
GBPUSD

1. short @5614 sl @5720 (0.2)
trade closed.

GBPUSD

1. short @5614 closed @5610 (0.2)
Thank You
  • #8,129
  • Aug 15, 2010 7:23pm Aug 15, 2010 7:23pm
GBPUSD

1. long @5538 sl @5480 (0.3)
Thank You
  • #8,130
  • Aug 15, 2010 9:07pm Aug 15, 2010 9:07pm
Quoting wormboy
GBPUSD

1. long @5538 sl @5480 (0.3)
Trade closed.

GBPUSD

1. long @5538 closed @5578 (0.3)
Thank You
  • #8,131
  • Aug 15, 2010 9:08pm Aug 15, 2010 9:08pm
GBPUSD

1. short @5579 sl @5800 (1.0)
Thank You
  • #8,132
  • Aug 15, 2010 11:03pm Aug 15, 2010 11:03pm
Hi,

I have been following your thread lately, your calls have been spot on imo! Trading the shorter term time frames is a lot harder for me and I am trying to learn. May I ask your reasoning for why you called the bounce at 5538?

Thanks for your time

Quoting wormboy
GBPUSD

1. long @5538 sl @5480 (0.3)
  • #8,133
  • Aug 16, 2010 5:55am Aug 16, 2010 5:55am
Quoting __UnknowN__
Hi,

I have been following your thread lately, your calls have been spot on imo! Trading the shorter term time frames is a lot harder for me and I am trying to learn. May I ask your reasoning for why you called the bounce at 5538?

Thanks for your time
hi

yea, m1 reversal off the daily support @5550. Boxed area in the chart attached below.
Attached Image (click to enlarge)
Click to Enlarge Name: g5.gif Size: 25 KB
Thank You
  • #8,134
  • Aug 16, 2010 6:26am Aug 16, 2010 6:26am
Hello Azim

Very strong support here at 1.5560... I am thinking maybe test of W1 pivot at 1.5716 before continuing back down to 1.5420. what do you think?
  • #8,135
  • Aug 16, 2010 6:27am Aug 16, 2010 6:27am
Quoting wormboy
GBPUSD

1. short @5579 sl @5800 (1.0)
Hi wormie..ur target @ 15420 may be possible this week? since i see Weekly is bearish engulfing candle but RSI on the daily seems at the bottom. Am also shorting Gu @ 15605. Need your humble advice. Cheers.
  • #8,136
  • Aug 16, 2010 6:59am Aug 16, 2010 6:59am
Quoting KwAAkS
Hello Azim

Very strong support here at 1.5560... I am thinking maybe test of W1 pivot at 1.5716 before continuing back down to 1.5420. what do you think?
hi kwaaks.

if there's a new high then there's a possibility of that happening. but for the 6th consecutive day since last monday, cable had printed another new low and no new high to suggest cable could go higher. my money stays with the htf unless scalping.
Thank You
  • #8,137
  • Aug 16, 2010 10:02am Aug 16, 2010 10:02am
Quoting X-pos
Hi wormie..ur target @ 15420 may be possible this week? since i see Weekly is bearish engulfing candle but RSI on the daily seems at the bottom. Am also shorting Gu @ 15605. Need your humble advice. Cheers.
hi x

yea, it's a longer term trade. Possibly lower than 5420 judging by the W1 engulfer. Depending on your risk tolerance, if you can afford it then go for it. If you can't then I suggest you wait for a higher price to short from. I took the short earlier because I still am not able to monitor my trades as much as I want to lately due to other business at hand.
Hope it works out for you. Good luck.

p/s : kwaaks, nice call on the upmove
Thank You
  • #8,138
  • Aug 16, 2010 1:49pm Aug 16, 2010 1:49pm
Quoting wormboy
hi x

p/s : kwaaks, nice call on the upmove
Thank you... means a lot to me...
Most practical things i know about forex i learned from your thread. Mostly only watching your thread and try to understand what you are doing.
i stoped losing money since and become more confident in what i am doing.

keep up good work, i hope i will be able to thank you and buy you a beer some day...
  • #8,139
  • Aug 16, 2010 9:35pm Aug 16, 2010 9:35pm
Hello,

Have few questions for you.

1. I read somewhere that you do trade using Ipad/Iphone/Ipod touch? How does that work?
2. Seems to me you're trading longer term. In a week, in average, how many trade you usually enter (n close)?
  • #8,140
  • Aug 16, 2010 9:36pm Aug 16, 2010 9:36pm
Quoting wormboy
I got good excuses for the losses today.
The first time, I overslept the fo and missed squaring up.
The second time, I was away from my trading because ....
I went out & bought myself a new toy! yeeeeeeeeeeee

p/s : anyone know good charting I can install on the ipad?
atm, I have the fxcm ts2 & forex on the go installed. I need the ts2 as I use fxcm, but the charting on that is shit & forex on the go is double the shit
any ideas? thanks in advance!
search is your friend. here's where he talked about it...check out the following posts after this one
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