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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #14,741
  • Jun 20, 2011 9:06am Jun 20, 2011 9:06am
Quoting A 5
Hi Azim
thanks for the wonderful lesson in scalping today,
can i ask how you determine or the basis in closing the scalps, i notice a high % were done at or near the highs as shown in this post of yours,
i have also included last Fri's chart where a good majority of your scalps were closed at the highs
thanks in advance

i was about to ask the same... and... moreover. How far backward u choose price where to scalp from. 4220 is good SR even on higer TF...
I don't want a job, i want money!
  • #14,742
  • Jun 20, 2011 9:15am Jun 20, 2011 9:15am
Quoting A 5
Hi Azim
thanks for the wonderful lesson in scalping today,
can i ask how you determine or the basis in closing the scalps, i notice a high % were done at or near the highs as shown in this post of yours,
i have also included last Fri's chart where a good majority of your scalps were closed at the highs
thanks in advance
hi alvin
you're welcome my friend.
All my scalps exit are done based on major/minor support resistance levels. I have another chart on the other screen which is loaded with horizontal s/r level lines only. Those s/r are either derived from pivot mids/major or fibonacci retraces.
Anyway, the highlighted targets on your attached charts are easy to explain. I've marked them on the charts. My exits are not surgical precision but you get the idea. Hope that helps
Attached Image (click to enlarge)
Click to Enlarge Name: scalp - closing.png Size: 254 KB
Thank You
  • #14,743
  • Jun 20, 2011 9:24am Jun 20, 2011 9:24am
Quoting wormboy
Make that $1k from them scalps. Banked 23 more. I know I had a projection of 350 for the day, but it looks a bit toppy now with that rising wedge that is forming on the m5. I'd buy again from a better price, no harm done if price continues to shoot up from here on.
Nice trading day for you WB, Just took one scalp short Eu M5 4320 with TP at WP
Trade with the momentum
  • #14,744
  • Jun 20, 2011 9:29am Jun 20, 2011 9:29am
Quoting wormboy
hi alvin
you're welcome my friend.
All my scalps exit are done based on major/minor support resistance levels.
My exits are not surgical precision but you get the idea. Hope that helps
thanks again Azim
it was certainly a delight tracking your scalps of today and last Fri
i must declare that i did bank in some pips on both days, and all this are due to your unselfish guidance
cheers bro

regards to you too, Dario
  • #14,745
  • Jun 20, 2011 9:32am Jun 20, 2011 9:32am
Quoting A 5
thanks again Azim
it was certainly a delight tracking your scalps of today and last Fri
i must declare that i did bank in some pips on both days, and all this are due to your unselfish guidance
cheers bro

regards to you too, Dario
thanks.. but i don't do much here.. except for jokes and bother Azim
I don't want a job, i want money!
  • #14,746
  • Jun 20, 2011 9:32am Jun 20, 2011 9:32am
Quoting sailor68
Nice trading day for you WB, Just took one scalp short Eu M5 4320 with TP at WP
thanks bud. very nice trading. I bought the w1 pvp
Thank You
  • #14,747
  • Jun 20, 2011 9:38am Jun 20, 2011 9:38am
Quoting wormboy
Make that $1k from them scalps. Banked 23 more. I know I had a projection of 350 for the day, but it looks a bit toppy now with that rising wedge that is forming on the m5. I'd buy again from a better price, no harm done if price continues to shoot up from here on.
Quoting wormboy
thanks bud. very nice trading. I bought the w1 pvp
working out nicely. banked another 12.7, turning out to be a great day again ladies
Attached Image (click to enlarge)
Click to Enlarge Name: eu5a.png Size: 45 KB
Thank You
  • #14,748
  • Jun 20, 2011 9:41am Jun 20, 2011 9:41am
Quoting A 5
thanks again Azim
it was certainly a delight tracking your scalps of today and last Fri
i must declare that i did bank in some pips on both days, and all this are due to your unselfish guidance
cheers bro

regards to you too, Dario
Great to hear brother!
And you're most welcome
Thank You
  • #14,749
  • Jun 20, 2011 9:48am Jun 20, 2011 9:48am
Quoting wormboy
Stop amended.

GBPUSD

1. long @6118 sl @6130 (0.5)
Trade closed.

GBPUSD

1. long @6118 closed @6231 (0.5)

Thank You
  • #14,750
  • Jun 20, 2011 9:51am Jun 20, 2011 9:51am
Quoting wormboy
thanks bud. very nice trading. I bought the w1 pvp
Looking for short (scalp) EU, don't want to buy at this area, Usdlfx at MP next support DS1
Trade with the momentum
  • #14,751
  • Jun 20, 2011 9:51am Jun 20, 2011 9:51am
Quoting dario1002
thanks.. but i don't do much here.. except for jokes and bother Azim
Yes but you do often pop the right questions,
that's Value,
especially to those who's got loads to learn
and we are fortunate to have the host who cares to share
cheers all
  • #14,752
  • Jun 20, 2011 9:52am Jun 20, 2011 9:52am
Quoting wormboy
working out nicely. banked another 12.7, turning out to be a great day again ladies
Banked the last scalp for 19.
Wonderful day, closed a total $1720++. My position is now flat, will check in again at LO tomorrow.

Have a good one fellas!
Attached Image (click to enlarge)
Click to Enlarge Name: eummm.png Size: 43 KB
Thank You
  • #14,753
  • Jun 20, 2011 9:57am Jun 20, 2011 9:57am
Quoting wormboy
Banked the last scalp for 19.
Wonderful day, closed a total $1720++. My position is now flat, will check in again at LO tomorrow.

Have a good one fellas!

thanks for the sharing

we'll be bother u with some more questions tomorrow
I don't want a job, i want money!
  • #14,754
  • Jun 20, 2011 10:14am Jun 20, 2011 10:14am
Quoting wormboy
Banked the last scalp for 19.
Wonderful day, closed a total $1720++. My position is now flat, will check in again at LO tomorrow.

Have a good one fellas!
Well done WB, also i noticed that for scalp you use Bar chart instead of candle, is it more convenience for you ?
see you tomorrow
Trade with the momentum
  • #14,755
  • Jun 20, 2011 10:17am Jun 20, 2011 10:17am
Quoting wormboy
Trade closed.

GBPUSD

1. long @6118 closed @6231 (0.5)


and u say u have problems with higher TFs... today u bought at the bottom and closed at the top... what more do u need?
I don't want a job, i want money!
  • #14,756
  • Edited 11:58am Jun 20, 2011 11:38am | Edited 11:58am
Quoting wormboy
working out nicely. banked another 12.7, turning out to be a great day again ladies

i have had one hell of a day trying to figure where cable is heading..still short thou..but i aint liking it one bit..


welldone..pips in this market is well deserved
its honestly amazing me..how adaptable u are..wish i knew how u do it!!..lol

i aint never seen this pattern b4..the mofo
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 107 KB
  • #14,757
  • Jun 20, 2011 1:35pm Jun 20, 2011 1:35pm
hi again guys, alert went off, so

GBPUSD

1. short @6188 sl @6273 (0.5)
Thank You
  • #14,758
  • Jun 20, 2011 1:43pm Jun 20, 2011 1:43pm
Quoting sailor68
Well done WB, also i noticed that for scalp you use Bar chart instead of candle, is it more convenience for you ?
see you tomorrow
no it's just visual. That chart I attached is the m1 chart I switched over to the m5. When scalping the M1 I don't look at candles, they'll just confuse me. Using the bar on the m1 makes it easier for me to scalp
Thank You
  • #14,759
  • Jun 20, 2011 1:43pm Jun 20, 2011 1:43pm
Quoting wormboy
hi again guys, alert went off, so

GBPUSD

1. short @6188 sl @6273 (0.5)
i feel better knowing yur on the same bus..
  • #14,760
  • Jun 20, 2011 1:46pm Jun 20, 2011 1:46pm
Quoting nAVIN2007
its honestly amazing me..how adaptable u are..wish i knew how u do it!!..lol
Well, the first 2 weeks weren't working as you might recall, so I definitely had to change things. I'm in this to get paid bro as I'm sure most of us are, dallying the obvious will just hamper progress.
Thank You
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