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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #14,761
  • Jun 20, 2011 1:48pm Jun 20, 2011 1:48pm
Quoting nAVIN2007
i feel better knowing yur on the same bus..
Well I hope I picked the right bus as well lol
Orite gonna turn off the volume on the speakers. Back to bed I go, see you later bro!
Thank You
  • #14,762
  • Jun 20, 2011 1:49pm Jun 20, 2011 1:49pm
Quoting dario1002
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?
The H1 is ltf in my books
Thank You
  • #14,763
  • Jun 20, 2011 1:54pm Jun 20, 2011 1:54pm
Quoting wormboy
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.

yeah..example this morning i woke up..i saw there was a gap not filled and mofo went down, towards the low..i so should have bought as i knew the gap had to be filled but i didnt press the trigger..

i cant seem to act out what i want to do without hesitation, maybe comes with time..or maybe every1 go through this?

sleep well my man!
  • #14,764
  • Jun 20, 2011 3:50pm Jun 20, 2011 3:50pm
Quoting GlobalMacro
Short @ 1.6227
SL : 1.6274
TP: OPEN
alright...exiting this position here @ 1.6199
My Position is now F L A T.
Hear the music before the song is over ...
  • #14,765
  • Jun 20, 2011 6:33pm Jun 20, 2011 6:33pm
Quoting wormboy
btw, I cleared because of the day open.
If price close above 270, I'd buy again because we're likely test 350 level
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.
350 tested before day close, not that I was trading it but certainly had my eye on it. Right, will be waiting to see the H4 reaction prior to this price level test, rejection by LO & it's likely this retracement will be over, else if price close above this level, get ready to buy for 1.49 level again.

Later
Thank You
  • #14,766
  • Jun 20, 2011 7:26pm Jun 20, 2011 7:26pm
Didn't I say the pullback will be big a few days ago? Had you short the Wednesday D1 you'd be fidgeting like I was for over a week on that D4 crap.

Here's the H4 chart on the 350 level mentioned earlier. We currently have price heavily testing the descending utl, no breakout is confirmed yet but once price close above both the mentioned resistance, there is little doubt in my mind, that the euro will be back around those 1.49 levels. Else, we get to sell from a much better price

Be patient & wait for the confirmation. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: euh4.PNG Size: 30 KB
Thank You
  • #14,767
  • Edited 7:58pm Jun 20, 2011 7:40pm | Edited 7:58pm
Quoting nAVIN2007
yeah..example this morning i woke up..i saw there was a gap not filled and mofo went down, towards the low..i so should have bought as i knew the gap had to be filled but i didnt press the trigger..

i cant seem to act out what i want to do without hesitation, maybe comes with time..or maybe every1 go through this?

sleep well my man!
That's because you'll only act on what you want to see instead of what price is telling you to do. You do pull some great trades but like many of us, getting those trades are not your problem, it's getting out of the crap trades that's been the issue. Sure, there are many times that price will "come back" & move towards your intended targets, but think properly, when you pump your account with serious money this month, do you really want to gamble with that type of trading? It's easy now bro because the money involved does not have any sort of impact, but once shit gets real the pressure will get to you.
Everyone goes thru this phase, but not everyone gets to overcome it. I don't get all my trades right either but If you ask me, I'll humbly tell you to have other trading strategies as well. Like for example, atm trading HTF is shit, the sooner you realise it & have a plan b, the better it could possibly be. Remember when I said, you don't have to always be right to make money? You best believe it


p/s: Mind you, if you choose to stay flat as your plan b, it'll still go down as a great strategy
Thank You
  • #14,768
  • Jun 20, 2011 8:21pm Jun 20, 2011 8:21pm
Quoting wormboy
hi again guys, alert went off, so

GBPUSD

1. short @6188 sl @6273 (0.5)
Trade closed.

GBPUSD

1. short @6188 closed @6224 (0.5)


Okay, be back at LO. Good luck!
Thank You
  • #14,769
  • Jun 21, 2011 1:08am Jun 21, 2011 1:08am
Quoting wormboy
That's because you'll only act on what you want to see instead of what price is telling you to do. You do pull some great trades but like many of us, getting those trades are not your problem, it's getting out of the crap trades that's been the issue. Sure, there are many times that price will "come back" & move towards your intended targets, but think properly, when you pump your account with serious money this month, do you really want to gamble with that type of trading? It's easy now bro because the money involved does not have any sort of...
spoken from the heart..will definitely try resolve this
thanks bro
  • #14,770
  • Jun 21, 2011 1:13am Jun 21, 2011 1:13am
Quoting wormboy
Trade closed.

GBPUSD

1. short @6188 closed @6224 (0.5)


Okay, be back at LO. Good luck!
Hi WB,

What is your view on Usdlfx,

My view : the last 3 daily candles are in the prior bullish candle, (i prefer short side on eu or gu), maybe tonight the confidence vote at the greek parliament will give the direction.
Trade with the momentum
  • #14,771
  • Jun 21, 2011 1:37am Jun 21, 2011 1:37am
Quoting sailor68
Hi WB,

What is your view on Usdlfx,

My view : the last 3 daily candles are in the prior bullish candle, (i prefer short side on eu or gu), maybe tonight the confidence vote at the greek parliament will give the direction.
hi sailor

I use the usdx, but all the same we're almost looking at the same thing.
I have no preference to short or long cable/eu, that's what got me into trouble with that crap D4 trade. Atm, the usdx is pointing towards the 74.48 level retest, which in other words translates to cable & eu printing higher.
I've already got 1 eu position going (long) & will be looking to add as we move higher later.
Thank You
  • #14,772
  • Jun 21, 2011 1:40am Jun 21, 2011 1:40am
Quoting nAVIN2007
spoken from the heart..will definitely try resolve this
thanks bro
don't mention it bro!
Thank You
  • #14,773
  • Jun 21, 2011 1:44am Jun 21, 2011 1:44am
Quoting wormboy
hi sailor

I use the usdx, but all the same we're almost looking at the same thing.
I have no preference to short or long cable/eu, that's what got me into trouble with that crap D4 trade. Atm, the usdx is pointing towards the 74.48 level retest, which in other words translates to cable & eu printing higher.
I've already got 1 eu position going (long) & will be looking to add as we move higher later.
Thanks for your answer. Right today i will try to take only scalp and will wait for the Greek vote.
Trade with the momentum
  • #14,774
  • Jun 21, 2011 2:25am Jun 21, 2011 2:25am
Quoting wormboy
hi sailor

I use the usdx, but all the same we're almost looking at the same thing.
I have no preference to short or long cable/eu, that's what got me into trouble with that crap D4 trade. Atm, the usdx is pointing towards the 74.48 level retest, which in other words translates to cable & eu printing higher.
I've already got 1 eu position going (long) & will be looking to add as we move higher later.
hello bro..

out of curiosity.. where are u long from? i will look to go long at the break of the Asia highs.. with SL under DP and with first TP at monthly pvt
I don't want a job, i want money!
  • #14,775
  • Jun 21, 2011 2:32am Jun 21, 2011 2:32am
Quoting sailor68
Thanks for your answer. Right today i will try to take only scalp and will wait for the Greek vote.

and a question for u as well sailor.. when there will be the greek vote? at what time?
I don't want a job, i want money!
  • #14,776
  • Jun 21, 2011 2:39am Jun 21, 2011 2:39am
Quoting dario1002
and a question for u as well sailor.. when there will be the greek vote? at what time?
Now im looking for it, because i don't know.
Trade with the momentum
  • #14,777
  • Jun 21, 2011 2:46am Jun 21, 2011 2:46am
Quoting sailor68
Now im looking for it, because i don't know.

ok... i was looking for it as well.. but couldn't find anything more specific than "afternoon" or "evening"
I don't want a job, i want money!
  • #14,778
  • Jun 21, 2011 2:53am Jun 21, 2011 2:53am
Quoting wormboy
it's getting out of the crap trades that's been the issue.
This has been the key thing for me to improve my results - I had to pull a 3% loser last Friday and a 2% loser yesterday.It's by cutting these losers that I have been able to see consistent gains the last few months - it's so important.
I am starting to accept losers more and more easily.

Anyways - GU this is an H1 chart with the TL from Daily plotted onto it - looking for longs above it ...
Attached Image (click to enlarge)
Click to Enlarge Name: gutl.jpg Size: 54 KB
  • #14,779
  • Jun 21, 2011 2:54am Jun 21, 2011 2:54am
Quoting dario1002
ok... i was looking for it as well.. but couldn't find anything more specific than "afternoon" or "evening"
Greek confidence vote scheduled for 21:00 GMT
Raza
  • #14,780
  • Jun 21, 2011 2:57am Jun 21, 2011 2:57am
Quoting shr5
Greek confidence vote scheduled for 21:00 GMT
cheers
I don't want a job, i want money!
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