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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #13,681
  • Jun 2, 2011 4:03am Jun 2, 2011 4:03am
Quoting wormboy
You already know the i/d is overextended beyond the 7th hour ... Just place a stop and wait for the big drop later

my SL is at 4650... over MP ... but DP was already badly broken
I don't want a job, i want money!
  • #13,682
  • Jun 2, 2011 4:04am Jun 2, 2011 4:04am
Quoting wormboy
You already know the i/d is overextended beyond the 7th hour ... Just place a stop and wait for the big drop later
Hi wormie,

I have seen you mention often the 7th hour on this thread - could you please explain the theory behind it? Is it just a potential reversal zone? How is it validated?

Thanks
Money is the result derived from the execution of a skillset
  • #13,683
  • Jun 2, 2011 4:09am Jun 2, 2011 4:09am
Quoting Marquis
Hi wormie,

I have seen you mention often the 7th hour on this thread - could you please explain the theory behind it? Is it just a potential reversal zone? How is it validated?

Thanks
http://www.forexfactory.com/showthre...nd#post4512065
I don't want a job, i want money!
  • #13,684
  • Jun 2, 2011 4:11am Jun 2, 2011 4:11am
Quoting dario1002
http://www.forexfactory.com/showthre...nd#post4512065
Grazie Dario!
Money is the result derived from the execution of a skillset
  • #13,685
  • Jun 2, 2011 4:28am Jun 2, 2011 4:28am
Quoting dario1002
my SL is at 4650... over MP ... but DP was already badly broken
your stop is over 200 pips away & you're already sweating?
Thank You
  • #13,686
  • Jun 2, 2011 4:31am Jun 2, 2011 4:31am
Quoting wormboy
your stop is over 200 pips away & you're already sweating?

ahahah i meant 4460
I don't want a job, i want money!
  • #13,687
  • Jun 2, 2011 4:32am Jun 2, 2011 4:32am
Quoting Marquis
Grazie Dario!
yup cheers dario, that'll save me the explanation

marquis, it's not that when it's overextended past 7th hour i/d it's a given that it must reverse, but, it usually do. There are of course exception to the setup ie purely fundamental driven moves but, say for this instance that price had been trending up almost 12 hours since before Asia, it really is not attractive to buy.
Thank You
  • #13,688
  • Jun 2, 2011 4:33am Jun 2, 2011 4:33am
Quoting dario1002
ahahah i meant 4460
okay start sweating
Thank You
  • #13,689
  • Jun 2, 2011 4:34am Jun 2, 2011 4:34am
Quoting wormboy
okay start sweating

ehehe and how about you? u already covered up with scalp?
I don't want a job, i want money!
  • #13,690
  • Jun 2, 2011 4:37am Jun 2, 2011 4:37am
Quoting dario1002
ehehe and how about you? u already covered up with scalp?
No, I didn't scalp. I ran one trade earlier during asia & the other one now. Currently I'm down about $250 more or less
Thank You
  • #13,691
  • Jun 2, 2011 4:40am Jun 2, 2011 4:40am
Quoting wormboy
No, I didn't scalp. I ran one trade earlier during asia & the other one now. Currently I'm down about $250 more or less
and i am currently down 150 euro for today.. not too cool ....
I don't want a job, i want money!
  • #13,692
  • Jun 2, 2011 4:43am Jun 2, 2011 4:43am
EUR currently testing WP.. lets see how it reacts here. I will look to go short upon failure and close of this hour.
Money is the result derived from the execution of a skillset
  • #13,693
  • Jun 2, 2011 4:43am Jun 2, 2011 4:43am
btw, if anyone was paying attention a few weeks back:

1. http://www.forexfactory.com/showthre...12#post4600112

We're back here. If the dx close below here, we go long the euro bigtime. Else, look for sells.

Good luck.
Thank You
  • #13,694
  • Jun 2, 2011 4:45am Jun 2, 2011 4:45am
Quoting dario1002
and i am currently down 150 euro for today.. not too cool ....
It happens, don't worry about it
Thank You
  • #13,695
  • Jun 2, 2011 4:47am Jun 2, 2011 4:47am
catch you guys in a few hours. have a good one
Thank You
  • #13,696
  • Jun 2, 2011 5:06am Jun 2, 2011 5:06am
ok SL taken.... fuck...
I don't want a job, i want money!
  • #13,697
  • Jun 2, 2011 5:11am Jun 2, 2011 5:11am
Quoting dario1002
ok SL taken.... fuck...

same ..bloody euro..i thought t was good percentage as well especially after yesterday
  • #13,698
  • Jun 2, 2011 5:14am Jun 2, 2011 5:14am
Quoting nAVIN2007
same ..bloody euro..i thought t was good percentage as well especially after yesterday
ehehe u see i am upset just because of that.. yesterday i close the trade .. too soon.. and now i didn't close it after the break of 44 (as i said before)
I don't want a job, i want money!
  • #13,699
  • Jun 2, 2011 5:32am Jun 2, 2011 5:32am
Quoting dario1002
ehehe u see i am upset just because of that.. yesterday i close the trade .. too soon.. and now i didn't close it after the break of 44 (as i said before)
dont be upset..theres no way of knowing..i had 50 pips of it and left it on the table...now lost this is the price u have to pay to make 200+ pips on the run

after yesterday close it should have gone down but again we se the strength of trendlines..check dailly and join the lows..u will see why the bitch rise
  • #13,700
  • Jun 2, 2011 5:36am Jun 2, 2011 5:36am
Quoting dario1002
and i am currently down 150 euro for today.. not too cool ....
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