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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #10,541
  • Apr 5, 2011 2:40am Apr 5, 2011 2:40am
Quoting scurt
Can I ask you what was the trigger? I see on GU only that we create hhigh for today, last 1h was doji/hammer, we are between dp and r1, there is a room for double/tripple top (1,6170), on eurgbp there is about 15-20 pip before touch upward tl...
Knowing charles, he doesn't trade ltf & primarily scalp, I'd guess this is why he took it.

Correct me if I'm wrong charles
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  • #10,542
  • Apr 5, 2011 2:45am Apr 5, 2011 2:45am
I'm out for 2 pips - chart soon
  • #10,543
  • Apr 5, 2011 2:52am Apr 5, 2011 2:52am
morning fellas...
false starting of the month for me as well.. as yesterday i tried to long EU aiming for a breakout of the high and it didn't happen. -40 pips (position already closed) but the month is still long and i am sure there are many pips yet to be done.

My view of the day could be SHORT for EU. with some risk to get another sideway day. Will eventually change bias to long if price get able to break DP and will eventually trigger the bullflag.

GU on the other side is showing some more strenght atm, and i am not sure where it comes from. Will watch it carefully but yet again will not pull the trigger without proper confirmation on the higher TF. As i mentioned some times ago we might just be in the same weekly range as the previous month (5980-6340) and price is consolidating there before deciding where to go.

trade safe fellas and good luck to us!
I don't want a job, i want money!
  • #10,544
  • Apr 5, 2011 3:07am Apr 5, 2011 3:07am
and by the way... considering that we are all changing our avatar with our pic.. i would even propose a song for the thread... something to play at the beginning of the week just to boost us up. Azim says he listen to some song, but if u like... i would suggest this!

Inserted Video
I don't want a job, i want money!
  • #10,545
  • Apr 5, 2011 3:08am Apr 5, 2011 3:08am
Hi guys - The 50% of the big bear move week before last 16170 also PA S/R in same area , H4 EMA200 @ 16160 looking for resistance there also - was just looking to take it back to DP - yes a scalp really

Wormie , didn't see R1 there - I tried putting the pivot S/R - but when you got 3 pivots and 3 S/R for each - chart can get messy - millions of lines driving me round the bend , so I don't use pivot S/R - better and more reliable S/R you can see with your own eyes - candle closes and wick extremes on candles , and I also use the EMA200 for the same reason (S/R) , higher the TF , the more reliable it is

Out of this trade because I just had a hunch we gonna blow all these lines though - price is itching to go higher - Always good to remember daily trend , and it's up

Yeah , I do primarily scalp - but am looking more and more H4/D1 TF - scalping doesn't have to mean undisciplined , and if you use a longer term TF , you can put probability in your favour
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  • #10,546
  • Apr 5, 2011 3:31am Apr 5, 2011 3:31am
Quoting dario1002
morning fellas...


GU on the other side is showing some more strenght atm, and i am not sure where it comes from. Will watch it carefully but yet again will not pull the trigger without proper confirmation on the higher TF. As i mentioned some times ago we might just be in the same weekly range as the previous month (5980-6340) and price is consolidating there before deciding where to go.

trade safe fellas and good luck to us!
i guess i understood where it comes from...
I don't want a job, i want money!
  • #10,547
  • Apr 5, 2011 3:33am Apr 5, 2011 3:33am
Quoting wormboy
no brother, no reason to short the beast yet
mm .. see what i mean. hope you got out prim
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  • #10,548
  • Edited 4:03am Apr 5, 2011 3:46am | Edited 4:03am
Quoting dario1002
and by the way... considering that we are all changing our avatar with our pic.. i would even propose a song for the thread... something to play at the beginning of the week just to boost us up. Azim says he listen to some song, but if u like... i would suggest this!

http://www.youtube.com/watch?v=mhTRhAX_QBA
Time to play the game - Motorhead


http://www.dailymotion.com/video/x41...the-game_music
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  • #10,549
  • Apr 5, 2011 3:46am Apr 5, 2011 3:46am
hmmm finger itching to short GU now from 6220 ...
I don't want a job, i want money!
  • #10,550
  • Apr 5, 2011 3:47am Apr 5, 2011 3:47am
Quoting dario1002
hmmm finger itching to short GU now from 6220 ...
don't do it
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  • #10,551
  • Apr 5, 2011 3:48am Apr 5, 2011 3:48am
Quoting wormboy
Time to play the game - Motorhead


http://www.youtube.com/watch?v=2-6Rl...eature=related

how the f@@ck can u tell me that song is better than "we will rock u"???
I don't want a job, i want money!
  • #10,552
  • Apr 5, 2011 3:50am Apr 5, 2011 3:50am
Quoting dario1002
how the f@@ck can u tell me that song is better than "we will rock u"???
if it can get triple H all pumped up, it sure as hell can get me to
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  • #10,553
  • Apr 5, 2011 3:52am Apr 5, 2011 3:52am
Quoting wormboy
if it can get triple H all pumped up, it sure as hell can get me to
bhuahahahah ok i will not comment this .. just bhuahahah

and by the way... u think that will get broken and we will have a full falling wedge?
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I don't want a job, i want money!
  • #10,554
  • Apr 5, 2011 3:57am Apr 5, 2011 3:57am
Quoting dario1002

and by the way... u think that will get broken and we will have a full falling wedge?
no idea if it will. But look at cable right now. I just saved you 20 pips
hehe .. look at your cable chart bro, it just brokeout topside after a long consolidation, ask yourself why on earth do you want to short this? are you suicidal?
look, so much strength in this upmove, let's not guess the top yet, if it's a fake, let price show its hands before you sell it.
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  • #10,555
  • Apr 5, 2011 4:01am Apr 5, 2011 4:01am
Quoting wormboy
no idea if it will. But look at cable right now. I just saved you 20 pips
hehe .. look at your cable chart bro, it just brokeout topside after a long consolidation, ask yourself why on earth do you want to short this? are you suicidal?
look, so much strength in this upmove, let's not guess the top yet, if it's a fake, let price show its hands before you sell it.
i told u... the only reason would be that TL and the fact that i am getting bored

6270 anyway is strong SR level... let's see how it will be when it gets there
I don't want a job, i want money!
  • #10,556
  • Apr 5, 2011 4:05am Apr 5, 2011 4:05am
Quoting dario1002
i told u... the only reason would be that TL and the fact that i am getting bored
That's not the right attitude to have bro. If say for example one day your acct is large enough for you trade 1m -10m lotsize/pip & you take a trade just because you're bored, you'll be sorry.
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  • #10,557
  • Apr 5, 2011 4:08am Apr 5, 2011 4:08am
Quoting wormboy
That's not the right attitude to have bro. If say for example one day your acct is large enough for you trade 1m -10m lotsize/pip & you take a trade just because you're bored, you'll be sorry.

eheh i know and u are perfectly right... just sometimes itchy fingers... that is why i wrote it instead of taking the trade (which normally i don't). Anyway looking at it.. it was for the best that i just wrote it and didn't pull the trigger... already saved 26 pips
I don't want a job, i want money!
  • #10,558
  • Apr 5, 2011 4:16am Apr 5, 2011 4:16am
Quoting dario1002
eheh i know and u are perfectly right... just sometimes itchy fingers... that is why i wrote it instead of taking the trade (which normally i don't). Anyway looking at it.. it was for the best that i just wrote it and didn't pull the trigger... already saved 26 pips
I'm gonna give myself a pat on the back, early february I was telling myself to refrain from trading cable too much unless there was really good setups available. Had shifted my attention almost entirely to the eurusd since. Now, looking back at the W1, staying away from cable is about the smartest decision I made this year so far.


Tick-a-boo azim, tick-a-boo
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  • #10,559
  • Apr 5, 2011 4:18am Apr 5, 2011 4:18am
Azim,

Just now at R2 (16223) I shorted but clearly that did not work. Sometimes it work. Do we just wait and look at the reaction? Normally I every day after I calculate the pivots I will put a standing order on these levels. How do you normally trade the pivots?

Thanks

Regards
David


Quoting wormboy
That's not the right attitude to have bro. If say for example one day your acct is large enough for you trade 1m -10m lotsize/pip & you take a trade just because you're bored, you'll be sorry.
  • #10,560
  • Apr 5, 2011 4:20am Apr 5, 2011 4:20am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Well done wormie!!

Indeed, it's ranging waiting for BOE to raise rates then it'll fall due to dollar strength or pricedin scenerio then go up later. I am expecting and waiting for 157. They alwasy buy when sale is on, at the very bottom.

ta
ams




Quoting wormboy
I'm gonna give myself a pat on the back, early february I was telling myself to refrain from trading cable too much unless there was really good setups available. Had shifted my attention almost entirely to the eurusd since. Now, looking back at the W1, staying away from cable is about the smartest decision I made this year so far.


Tick-a-boo azim, tick-a-boo
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