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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #10,841
  • Apr 11, 2011 7:56am Apr 11, 2011 7:56am
Ok, i confess! i cant hold it in anymore.

I've got 2 long GU positions at 1.6361 and 1.6392 open since last friday.

why i took the trades, honestly i dont know!! i was picking bottoms i guess.

SL at 1.6250 TP at 1.6485

actually i dont have a stop loss. but i think it should be at 1.6250. i am afraid to put it because everytime i have put it in the past, price always hits it and bounces back up! bummer. and when i put it lower, the price wrecks it like a train!

i've got this fundamental problem.

anybody up for Forex Anonymous?
  • #10,842
  • Edited 8:25am Apr 11, 2011 7:58am | Edited 8:25am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
trade closed, long on GU 6350 to 64..and EU too now.. just a scalp 1:1 ratio for RR

Update: closing EU long now for 15 pip profit, leaving GU.



Quoting ams
SL @ BE 44550, so my ar** is saved now on this trade

If EU decided to break this level, time to go long. However,I think time for correction this week, and I would like to be long on GU rather, till tommorow.
News is focused on GU and US this week too. If inflation is high, pound will go up, if low, it'll drop and big boys will go long on EG, they don't want to loose .75% interest for nothing.

ta
ams
  • #10,843
  • Apr 11, 2011 8:11am Apr 11, 2011 8:11am
Quoting bidalufias
Ok, i confess! i cant hold it in anymore.

I've got 2 long GU positions at 1.6361 and 1.6392 open since last friday.

why i took the trades, honestly i dont know!! i was picking bottoms i guess.

SL at 1.6250 TP at 1.6485

actually i dont have a stop loss. but i think it should be at 1.6250. i am afraid to put it because everytime i have put it in the past, price always hits it and bounces back up! bummer. and when i put it lower, the price wrecks it like a train!

i've got this fundamental problem.

anybody up for Forex Anonymous?
Forex Gods must really like you. Here's your chance to get out of jail. 6377 now
Thank You
  • #10,844
  • Apr 11, 2011 8:16am Apr 11, 2011 8:16am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Indeed wormie!!
We also have a large options expiry @ 6400 so he can get out there or more perhaps till tomorrow.


ta
ams

Quoting wormboy
Forex Gods must really like you. Here's your chance to get out of jail. 6377 now
  • #10,845
  • Apr 11, 2011 8:53am Apr 11, 2011 8:53am
Quoting wormboy
Forex Gods must really like you. Here's your chance to get out of jail. 6377 now
Out of jail!

1.6361 closed @ 1.6389

1.6392 closed @ 1.6401

but what is going on with EU?

sudden shot of adrenaline?
  • #10,846
  • Apr 11, 2011 8:58am Apr 11, 2011 8:58am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
GU trade closed now @64 !!!


Job done for the boys, option expired worthless, back to 63500 or low maybe :-)

ta
ams

Quoting ams
trade closed, long on GU 6350 to 64..and EU too now.. just a scalp 1:1 ratio for RR

Update: closing EU long now for 15 pip profit, leaving GU.
  • #10,847
  • Apr 11, 2011 9:08am Apr 11, 2011 9:08am
hi...short here is very dangerous..since there is a pocket of demand. Target at the next resistant zone.
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  • #10,848
  • Apr 11, 2011 10:01am Apr 11, 2011 10:01am
Going Long now.. EUR USD.. Entry @ 1.4451..
I am looking at 15 min chart. I see there is bullish momentum starting to develop. I also like the this, just completed, 15 min bullish candle.. Going with 1 std lot now..
  • #10,849
  • Apr 11, 2011 10:03am Apr 11, 2011 10:03am
GBPUSD

1. long @6404 sl @6295 (2.0)
Thank You
  • #10,850
  • Apr 11, 2011 10:05am Apr 11, 2011 10:05am
Quoting wormboy
EurUsd

1. short @4438 sl @4490 (0.5)

Closed.

EurUsd

1. short @4438 closed @4447 (0.5)
Thank You
  • #10,851
  • Apr 11, 2011 10:18am Apr 11, 2011 10:18am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good luck wormie,

imp resistance level is poked again by the price, seems it wants to go higher soon enough but there isn't enough strength in EG alone to do that, dollar has to give up sooner or later. If we do not go up tonight, asia will try to sell or who knows US might do without waiting for asia.. I do not see any strength in commodity or comm currencies. So my doubts are that dollar sell is on hold.


ta
ams

Quoting wormboy
GBPUSD

1. long @6404 sl @6295 (2.0)
  • #10,852
  • Apr 11, 2011 10:46am Apr 11, 2011 10:46am
i don't know how it will close... but looking right now at the last 2 hourly candles on EU seems that bears are having really bad time
I don't want a job, i want money!
  • #10,853
  • Apr 11, 2011 10:46am Apr 11, 2011 10:46am
Hi - hope you're all well , I got drunk off my ass last night and managed to lose my new iphone4 - about £550 for a new one - will trade the money back and wait for the iphone5 this summer - no GU today for me , still in NOKSEK and NZDCHF shorts , not doing much but at least slightly in the green - Dario - any questions about indys - I would ask Magix
see ya later y'all
  • #10,854
  • Apr 11, 2011 10:48am Apr 11, 2011 10:48am
Quoting chazzle
Hi - hope you're all well , I got drunk off my ass last night and managed to lose my new iphone4 - about £550 for a new one - will trade the money back and wait for the iphone5 this summer - no GU today for me , still in NOKSEK and NZDCHF shorts , not doing much but at least slightly in the green - Dario - any questions about indys - I would ask Magix
see ya later y'all
thanks for the heads up and.... OUCH!
I don't want a job, i want money!
  • #10,855
  • Apr 11, 2011 10:54am Apr 11, 2011 10:54am
Now keeping a stop at 1.4425

Quoting Xxavier
Going Long now.. EUR USD.. Entry @ 1.4451..
I am looking at 15 min chart. I see there is bullish momentum starting to develop. I also like the this, just completed, 15 min bullish candle.. Going with 1 std lot now..
  • #10,856
  • Apr 11, 2011 11:09am Apr 11, 2011 11:09am
ok fellas... a little question for u all...

i am long on GU from little below 64 and will have to leave charts in a hour and won't be online before tomorrow at LO.... currently i am a bit under water of course, but nothing serious in general. Well the question is... that now a double top is forming and i am not liking it. Normally i would monitor the trade and get rid of it if we have A CLOSE under DP and in general under 6340. So the question is.. would u kill the trade considering that i can't monitor it till tomorrow and can't touch it at all, or just place SL at 6335 and that's it??
I don't want a job, i want money!
  • #10,857
  • Apr 11, 2011 11:39am Apr 11, 2011 11:39am
Not feeling good about the trade...
Going to close this for a 6 pip loss.. Total loss for today.. $134...
Hope I can make it back sometime this week.. Going to bed guys.. Bye

Quoting Xxavier
Going Long now.. EUR USD.. Entry @ 1.4451..
I am looking at 15 min chart. I see there is bullish momentum starting to develop. I also like the this, just completed, 15 min bullish candle.. Going with 1 std lot now..
  • #10,858
  • Apr 11, 2011 12:01pm Apr 11, 2011 12:01pm
Ciao Dario and greetings to all the other nice people (especially Wormboy) in this thread

in my opinion you should just kill the trade and exit with a small loss.
Think of it as a time stop loss, you will probably find a better entry tomorrow.
  • #10,859
  • Apr 11, 2011 12:13pm Apr 11, 2011 12:13pm
Quoting dario1002
ok fellas... a little question for u all...

i am long on GU from little below 64 and will have to leave charts in a hour and won't be online before tomorrow at LO.... currently i am a bit under water of course, but nothing serious in general. Well the question is... that now a double top is forming and i am not liking it. Normally i would monitor the trade and get rid of it if we have A CLOSE under DP and in general under 6340. So the question is.. would u kill the trade considering that i can't monitor it till tomorrow and can't touch it at...
Personally I would close it if I wasn't very confident with it and especially leaving it thru tomorrow LO volume swing on cable in LO is one of the biggest in the FX Market 60 stop could be dust quite easily - but that's just me
  • #10,860
  • Apr 11, 2011 3:02pm Apr 11, 2011 3:02pm
Quoting chazzle
Short 7120 SL 7300
Close 1/2 @ 7067 SL @ BE looking for 7010 on the rest
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