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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #10,241
  • Mar 30, 2011 11:48pm Mar 30, 2011 11:48pm
Quoting wormboy
lol

yea, should've stuck to my guns. Bottom line is tho I should've stayed out, that's what pissed me off

Don't got too comfy with the long brother, the end is near .....
Believe me - I'd love to sell this mf - I just don't understand why its going up but it is, so I'm a buyer till it starts going down.
  • #10,242
  • Mar 31, 2011 1:35am Mar 31, 2011 1:35am
short EU coming into resistance , still under the TL on H4 14165 SL 14230 back toward dp would be nice for tp1
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  • #10,243
  • Mar 31, 2011 2:19am Mar 31, 2011 2:19am
Worm: I have been following your thread for the past several months.
After blowing several accounts and lost loads of money I am doing ok for the past many months. Would like to join this group to improve my trading skills.. Looks like you had a decent month...I gave back almost everything i made this month..

Quoting wormboy
There's no magic. It looks pretty on the charts tho

But yes, I suppose gabe's referring to the tick volume
  • #10,244
  • Mar 31, 2011 2:46am Mar 31, 2011 2:46am
Quoting stewrigh
Believe me - I'd love to sell this mf - I just don't understand why its going up but it is, so I'm a buyer till it starts going down.
I agree
Thank You
  • #10,245
  • Mar 31, 2011 2:52am Mar 31, 2011 2:52am
Quoting Xxavier
Worm: I have been following your thread for the past several months.
After blowing several accounts and lost loads of money I am doing ok for the past many months. Would like to join this group to improve my trading skills.. Looks like you had a decent month...I gave back almost everything i made this month..
hi x

Tbh we don't teach any particular system in this thread, just discussions so I honestly can't say if it'll improve your trading skills. But you're more than welcomed to stay

I had a good month tbh, just a few retarded moments this week I wasn't too happy about. I understand how you feel & I hope you don't choose this 2 days to gain back what you've given back to the markets. Plenty of time to do so next week. All the best my friend!
Thank You
  • #10,246
  • Mar 31, 2011 2:57am Mar 31, 2011 2:57am
EurUsd (Demo trade)

1. short @4181 sl @4280


Don't ask, I've got nothing to do at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: eudemo.gif Size: 26 KB
Thank You
  • #10,247
  • Mar 31, 2011 3:00am Mar 31, 2011 3:00am
Before we go on a wankfest, just a reminder that the eurusd hadn't tested the intraday pivot. 9 out of 10 times, it does. So be careful
4110 is today's pivot. Let's put it to the test
Thank You
  • #10,248
  • Mar 31, 2011 3:07am Mar 31, 2011 3:07am
fms, I got nothing but time on my hands today & everyone decides to go mute

Come on dario, let's ave one of your musings. I'm pretty bored here
Thank You
  • #10,249
  • Mar 31, 2011 3:17am Mar 31, 2011 3:17am
Quoting wormboy
fms, I got nothing but time on my hands today & everyone decides to go mute

Come on dario, let's ave one of your musings. I'm pretty bored here
bhuahahah did u miss me ... bit@@es!!??

today i overslept LO as i decided not to trade... till the next week.

Just was checking if u guys are playing nice around here without me

I have to say my BRAVO to euro by the way.. that is really cool. USD was gaining strenght in this last week and EUR didn't lose its... so today that USD is giving back something, eur is going high (and .. it broke the daily bullflag ATM.. but it has to be confirmed yet).

GU back in the trading range 5980-6280 testing now WP and MP ... time will tell.. but anyway i won't be there to trade it for the day

Azim... u said about testing DP 10 times per day? that is new.. never heard it before... what is that?
I don't want a job, i want money!
  • #10,250
  • Mar 31, 2011 3:19am Mar 31, 2011 3:19am
Quoting dario1002

Azim... u said about testing DP 10 times per day? that is new.. never heard it before... what is that?
No I didn't.
I said, 9 out of 10 times, the DP gets tested. We had none yet today.
And yea, they pulled euro up since morning. Currently on the 7th hour mark. You know what that means
Thank You
  • #10,251
  • Mar 31, 2011 3:23am Mar 31, 2011 3:23am
Quoting wormboy
Before we go on a wankfest...
No time here for that right now mate - I'm working instead lol - keeping an eye via the phone - but yes , to the DP and beyond , thats what I say
  • #10,252
  • Mar 31, 2011 3:31am Mar 31, 2011 3:31am
Quoting chazzle
No time here for that right now mate - I'm working instead lol - keeping an eye via the phone - but yes , to the DP and beyond , thats what I say
aha, so you're short short then?
Thank You
  • #10,253
  • Mar 31, 2011 3:40am Mar 31, 2011 3:40am
Greetings from an immigrant of the UK!!!
Been checking the 'wormhole' for almost two years but this will be my first post.
Just want to express a salute to you guys.

At the moment looking for GBP/USD to test the daily pivot which is around 16048 which is almost the similar to the 23.6% Fib retrace from 16401 to 15937.

Regards
  • #10,254
  • Mar 31, 2011 3:55am Mar 31, 2011 3:55am
Thank you..
I am planing to post my entries here. It will help me, if you can comment on my entry logic when you get a chance. I only go by price action and do not use or understand any indy's, DP, etc... I saw that you successfully use trend lines and DP...I am sure i will learn a lot from you.


Quoting wormboy
hi x

Tbh we don't teach any particular system in this thread, just discussions so I honestly can't say if it'll improve your trading skills. But you're more than welcomed to stay

I had a good month tbh, just a few retarded moments this week I wasn't too happy about. I understand how you feel & I hope you don't choose this 2 days to gain back what you've given back to the markets. Plenty of time to do so next week. All the best my friend!
  • #10,255
  • Mar 31, 2011 4:03am Mar 31, 2011 4:03am
Quoting wormboy
No I didn't.
I said, 9 out of 10 times, the DP gets tested. We had none yet today.
And yea, they pulled euro up since morning. Currently on the 7th hour mark. You know what that means
Can you please elaborate Wormie? Thanks in advance.
  • #10,256
  • Mar 31, 2011 4:41am Mar 31, 2011 4:41am
Quoting detailas
Can you please elaborate Wormie? Thanks in advance.
okay.

I/d trend usually lasts 7 hours, anything more is overextended & if it does extend well past beyond the 7th hour mark the pullback is usually as large if not larger than the initial move.

Here's one example from a few days ago. You can go back to your chart & see the result of it
1. http://www.forexfactory.com/showpost...ostcount=10127
2. http://www.forexfactory.com/showpost...ostcount=10131

Below is the current count, & just like the previous link posted, the current move is from asia. It very rarely lasts throughout the day. Don't take my word for it tho, just observe for sometime across different pairs & see for yourself
Attached Image (click to enlarge)
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Thank You
  • #10,257
  • Mar 31, 2011 4:41am Mar 31, 2011 4:41am
Quoting chazzle
short EU coming into resistance , still under the TL on H4 14165 SL 14230 back toward dp would be nice for tp1
I stayed in , moved the sl to 280 and took another bite at 230 - bigger position , bigger target and will probably take longer to play out
  • #10,258
  • Mar 31, 2011 4:50am Mar 31, 2011 4:50am
Quoting wormboy
okay.

I/d trend usually lasts 7 hours, anything more is overextended & if it does extend well past beyond the 7th hour mark the pullback is usually as large if not larger than the initial move.

Here's one example from a few days ago. You can go back to your chart & see the result of it
1. http://www.forexfactory.com/showpost...ostcount=10127
2. http://www.forexfactory.com/showpost...ostcount=10131

Below is the current count, & just like the previous link posted, the current move is from asia....
Thank you very much, I see what you mean.
Let's see how she behaves below 4220/4216. Maybe it's worth to enter a(nother) short there...
  • #10,259
  • Mar 31, 2011 4:52am Mar 31, 2011 4:52am
Quoting stewrigh
Believe me - I'd love to sell this mf - I just don't understand why its going up but it is, so I'm a buyer till it starts going down.
There were signs of going up all over the place, before it started.

Bull haven or not I have room to take profit and the up move we have has been bullish by the book.

It is possible i will join bears soon, when we have the actual reversal with real selling pressure.
"Hate the sin, love the sinner." - Gandhi
  • #10,260
  • Mar 31, 2011 4:57am Mar 31, 2011 4:57am
Quoting detailas
Thank you very much, I see what you mean.
Let's see how she behaves below 4220/4216. Maybe it's worth to enter a(nother) short there...
You're welcome. It's worth the try, if you look at the current candle which is about to close, the pair just hit supply. Minimal risk involved here.

Good luck!
Thank You
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