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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #8,261
  • Aug 29, 2010 9:22pm Aug 29, 2010 9:22pm
Quoting wannabe
wow you replied!
Have a lokk at this, later!

http://www.forexfactory.com/showpost...stcount=249707
"Flip that coin!"
  • #8,262
  • Aug 30, 2010 5:45am Aug 30, 2010 5:45am
Hi wormie

Happy Merdeka for tomorrow!

Anyone knows which is a good micro broker to use? Oanda or fxcm?

Thanks in advance

Dolph
  • #8,263
  • Aug 30, 2010 6:06am Aug 30, 2010 6:06am
Hi WB,

Dragon Important support :

http://www.forexfactory.com/showpost...stcount=231244.
Trade with the momentum
  • #8,264
  • Aug 30, 2010 6:08am Aug 30, 2010 6:08am
Quoting Dolphinepips
Hi wormie

Happy Merdeka for tomorrow!

Anyone knows which is a good micro broker to use? Oanda or fxcm?

Thanks in advance

Dolph
Hi,

i use Oanda (for my trade) but a MT4 platform for my charts.
I don't have any problem with Oanda, fxcm i don't know.
Trade with the momentum
  • #8,265
  • Aug 30, 2010 9:42am Aug 30, 2010 9:42am
Quoting samdol
Wormie,

First of all, thanks for sharing your thoughts here. A different trading approach compared to mine and get me interested to learn more.

I notice you did not use trailing stops, just a fixed SL. Is there any reason to that? Just curious..

I'm currently short GU at 1.5535 and hoping it will get lower soon.

My weekly Fibo R1 @ 1.5535 & S1 @ 1.5407.
hi sam

thanks again for the kind words

I've never been comfortable using auto trail tbh. I like to adjust my trade manually. I see you have nice entry for that earlier trade. Sure hope you're still in it.
Good luck my friend
Thank You
  • #8,266
  • Aug 30, 2010 10:00am Aug 30, 2010 10:00am
Quoting wannabe
by the way, what do you think of cable and the close? are you still bearish?
here is my chart (don't shoot me). i still see a bit more downside action after the rejected close beneath the upwards ltl. the targets i have in mind are your famous 1.53 and 1.489 if the former gives way. (btw i used to be amazed on how accurate you can call those numbers to the pip! then i saw you kept posting these high timeframe charts it felt like a tool, these levels were clear as day!) the other reasons i have is that the bearish engulfing candle is still there...
That's impressive. I can't argue with your reasoning to remain bearish truth being told. You've raised valid reasons to stay short instead of going long. I've always practised & mentioned here before that to take a position, you'll need to make sure your one option outweighs the other. And going by your chart and post it does seem that short options outweigh the longs.
Intermediate is still bearish while immediate trend is flat. I posted earlier in the cable thread that the gbplfx is sandwiched in between the w1 & monthly pvp, hence it's a bit too tight to call from here on. We'll need a proper d1 close on that, but as of now i am leaning towards bearish. Anyway today is a nothing day since london is closed. Think we need to wait till tomorrow at least to confirm anything.

Below is the gbplfx charts posted. Good luck to you.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gb1.gif Size: 25 KB
Thank You
  • #8,267
  • Aug 30, 2010 5:28pm Aug 30, 2010 5:28pm
Quoting wormboy
hi sam

thanks again for the kind words

I've never been comfortable using auto trail tbh. I like to adjust my trade manually. I see you have nice entry for that earlier trade. Sure hope you're still in it.
Good luck my friend
My earlier trade close earlier due to auto trail. Should have deleted that trailing stop. Now waiting another chance to short.
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  • #8,268
  • Aug 30, 2010 6:08pm Aug 30, 2010 6:08pm
Quoting wormboy
GBPUSD

1. short @5487 sl @5590 (2.0)

Stop amended.

GBPUSD

1. short @5487 sl @5580 (2.0)
Thank You
  • #8,269
  • Aug 30, 2010 7:32pm Aug 30, 2010 7:32pm
Quoting wormboy
Stop amended.

GBPUSD

1. short @5487 sl @5580 (2.0)
bro what is your target for this trade?

Ub
  • #8,270
  • Aug 31, 2010 1:18am Aug 31, 2010 1:18am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Good day
Best of luck
Attached Image (click to enlarge)
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  • #8,271
  • Aug 31, 2010 1:45am Aug 31, 2010 1:45am
Quoting wormboy
Stop amended.

GBPUSD

1. short @5487 sl @5580 (2.0)
Closed partial

GBPUSD

1. short @5487 closed @5412 (1.5)

Remaining stop amended.

GBPUSD

1. short @5487 sl @5483 (0.5)
Thank You
  • #8,272
  • Aug 31, 2010 1:59am Aug 31, 2010 1:59am
Quoting wormboy
Closed partial

GBPUSD

1. short @5487 closed @5412 (1.5)

Remaining stop amended.

GBPUSD

1. short @5487 sl @5483 (0.5)
Syukur bro. I only manage to get only 18 pips today by entering short earlier @ 1.5428 ..

Below is my H4 chart taken @ 2.55 petang. Not sure where it will go from here. Any pointer?
Attached Image (click to enlarge)
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  • #8,273
  • Aug 31, 2010 2:12am Aug 31, 2010 2:12am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Good day
Best of luck

updated here.. if someone interested..
http://www.forexfactory.com/showpost...stcount=249956

Regards
  • #8,274
  • Aug 31, 2010 2:22am Aug 31, 2010 2:22am
Quoting ubaidahsan
bro what is your target for this trade?

Ub
same as before, 5240
Thank You
  • #8,275
  • Aug 31, 2010 6:19am Aug 31, 2010 6:19am
Quoting wormboy
That's impressive. I can't argue with your reasoning to remain bearish truth being told. You've raised valid reasons to stay short instead of going long. I've always practised & mentioned here before that to take a position, you'll need to make sure your one option outweighs the other. And going by your chart and post it does seem that short options outweigh the longs.
Intermediate is still bearish while immediate trend is flat. I posted earlier in the cable thread that the gbplfx is sandwiched in between the w1 & monthly pvp, hence it's a bit...
thanks for the reply wb. its good to know that i'm doing things right
i shorted the pair yesterday as price from the h1 and h4 showed bearish continuation, which was later confirmed with the daily close earlier. it was comforting to see you being in the same trade.

i hope this trade turns great for us. thanks again and good luck to you wb!
Attached Image (click to enlarge)
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  • #8,276
  • Aug 31, 2010 7:34am Aug 31, 2010 7:34am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
updated here.. if someone interested..
http://www.forexfactory.com/showpost...stcount=249956

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: target met.jpg Size: 73 KB
  • #8,277
  • Aug 31, 2010 11:14am Aug 31, 2010 11:14am
Quoting wormboy
Closed partial

GBPUSD

1. short @5487 closed @5412 (1.5)

Remaining stop amended.

GBPUSD

1. short @5487 sl @5483 (0.5)

Closed another partial.

GBPUSD

1. short @5487 closed @5341 (0.2)

Remaining stop amended.

GBPUSD

1. short @5487 sl @5470 (0.3)
Thank You
  • #8,278
  • Aug 31, 2010 11:49am Aug 31, 2010 11:49am
Quoting wormboy
Intermediate is still bearish while immediate trend is flat. I posted earlier in the cable thread that the gbplfx is sandwiched in between the w1 & monthly pvp, hence it's a bit too tight to call from here on. We'll need a proper d1 close on that, but as of now i am leaning towards bearish. Anyway today is a nothing day since london is closed. Think we need to wait till tomorrow at least to confirm anything.

Below is the gbplfx charts posted. Good luck to you.
and so we have arrived at the monthly support.

wannabe must be knee deep in green

good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gb1.gif Size: 27 KB
Thank You
  • #8,279
  • Aug 31, 2010 12:56pm Aug 31, 2010 12:56pm
Quoting wormboy
Closed another partial.

GBPUSD

1. short @5487 closed @5341 (0.2)

Remaining stop amended.

GBPUSD

1. short @5487 sl @5470 (0.3)

Remaining stop amended.

GBPUSD

1. short @5487 sl @5420 (0.3)
Thank You
  • #8,280
  • Sep 1, 2010 3:47am Sep 1, 2010 3:47am
on my H4 chart, 100 SMA is crossing with 200 SMA . Looks like it will go down some more.
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