The WoRmHoLe

GJ the dragon retrace almost complete and soon will clear today's low @ 131.25 I don't see it trading above 132 (current 131.73).

Hi WB,

I took some with Gu and dragon but only in the way of the trend.

GJ is great, coz it's on H1 riding down the channel, which is 400 pips wide and very technical lately, maybe GJ will be back to the expanded ranges soon.

Dragon My first short is closed (my SL was hit, but it was at BE) and now have another position : Dragon short at 131.91 with one Eu short (at weekly S1). Today a few scalp with Gu and dragon, waiting for breakout south.

likewise, all the scalps I took were shorts - with the trend.

Prolly closed once daily range was out? Ill post a chart on dragon in a sec

pretty much once the white rectangle is cleared I'd look for short entries, it's 30 points below natural GJ PPZ,
by natural PPZ I mean the levels that best describe PA and serve as strong S/Rs. You get them by taking AWR
and 1/2 AWR, that at least tends to work for me.

here's the deal

http://img809.imageshack.us/img809/5673/gjnew.png

someone is defending 6093 bigtime. That goes, we slide at breakneck speed I reckon

okay here we go

Azim, I think more like this one here:

http://1.bp.blogspot.com/_QwOSO1-d-u...se+jumping.jpg

next stop @ 5940-5960?

i think is Weekly S1 @ 16060...

i could be wrong...

Ok i think you took it both way

It's not going yet ... big fight for 93

star, 5960 is quarterly pivot for the 2nd quarter, that's serving as a magnet on GU, I posted that chart a while back, so I'd say before any further upside/downside decision is made we will test the QP fairly soon.

http://img196.imageshack.us/img196/7...uarterlyd1.png

Quote:
Originally Posted by superdoink
bro wormboy ....
i had never place a stop....
since 1 year ago when i put stop my stop always got eaten and then from then onwards i never put stop what i did is always replenish my acc. so that it can stay alive...
pls advice help really needed....
You are not trading real money, are you?

@ bro anonymous....
i,m trading real money....
currently trading with 100 accounts but majority micro accounts ie cents account at liteforex only about 10 accounts dollar accounts with total amount more than 100 k usd ...but i,m relatively new .... only doing ok for the past 10 mth of trading and facing quite a turbulence this 2 mths after i reading the gbpusd thread where eveyone was talking about going long when we r in 1.6600 area and i jump ship and follow the cruise that,s where i,m stuck....
but about a mth ago after i notice wormhole and u other giys in the forum i decided to heed worboys advice and manage to slowly hedge and at the same time reduce my floating negative slowly lil bit but with positive result...

for ur guys information 90% of my trade are in gbpusd and i,ve been tradingseriously only for the past 12 mth ...i started using real money on june 2010. i,ve got lots to learn from u guys.....pls share some ligth senior.... i,m begging to feel i,m trading the wrong way....

@wormboy ...your article had almost always been accurate since i monitor wormhole.....hope i still got enough time to heed your advice and do the rite thing...

silver looks like an upside break might be an option, could have some effect on GU, however LTF and previously price came from the above, so not sure if that can be counted as a valid bullish flag there. here it is anyway.

http://img32.imageshack.us/img32/2443/silverm15new.png

Thanks for your point of view and explanation, think to close my short on dragon and keep only my eu.
Let see how it goes.

sailor, here's one more tip, which kinda helps me with the GJ, it's the three inside down three inside up on HTF, works very well lately especially combined with natural PPZ. I'd look for them on H1-H4 and D1

to all the seniors

i admit i may been trading blindly and honestly was having sleeplees night since i trade seriously plus the nonsense news which is always misleading but i,m prepare for losses now but i beleive in the long run with u guys in this forum i,ll slowly recoup my losses.. scold me or lecture me if u must guys i need it ..plssss
i need to learn.....

here is something for u Anton

your president dancing the song "american boy" with some style as well

by the way.. the president is the one with the grey suit