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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #14,781
  • Jun 21, 2011 3:04am Jun 21, 2011 3:04am
Quoting chazzle
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 ...

big problem for me charles..
i think a lot has to do with gains..if u aint making money it becomes tougher and tougher..im just try to increase my risk exposure im in 6 six greater than normal..and its completely changed my trading approach..im now looking at the charts and not able to do anything else..

but i hope i get used to it..otherwise early heart attack is on

all of a sudden trading is stressfull..and i see why so many give up..it simply wear u out!!


i knew i guy back 10 years ago...was a stock broker gave it up cause it almost killed him..he packed it in to stack shelves in sainsbury's..never quite understood it..but beginning too
  • #14,782
  • Jun 21, 2011 3:11am Jun 21, 2011 3:11am
Quoting nAVIN2007
big problem for me charles..
i think a lot has to do with gains..if u aint making money it becomes tougher and tougher..im just try to increase my risk exposure im in 6 six greater than normal..and its completely changed my trading approach..im now looking at the charts and not able to do anything else..

but i hope i get used to it..otherwise early heart attack is on
Nav.. i am in your same conditions.. and this month i am having a losing month. The point is.. that 1 lost could take all your gains of the previous month (as lot size is much bigger). U just have to hold on. I tried to increase my lot size already 3 times during my trading career. Always ended up in the same way, which was me going back to my usual lot size and taking 2-3 months to make up for the previous lose. Again this month i increased my lotsize and i am having a losing one so far. Just u try to focus on the pip count, and not on the money itself. I am losing this month but.. after all.. it's something i can make up with 2 normal trades (or 1 a bit above the average).
I don't want a job, i want money!
  • #14,783
  • Jun 21, 2011 3:14am Jun 21, 2011 3:14am
Quoting nAVIN2007
big problem for me charles..
Everything is down to practice - even losing , and every big loser starts off small -

I wish you all the best with the bigger account Nav
  • #14,784
  • Jun 21, 2011 3:17am Jun 21, 2011 3:17am
Quoting dario1002
Nav.. i am in your same conditions.. and this month i am having a losing month. The point is.. that 1 lost could take all your gains of the previous month (as lot size is much bigger). U just have to hold on. I tried to increase my lot size already 3 times during my trading career. Always ended up in the same way, which was me going back to my usual lot size and taking 2-3 months to make up for the previous lose. Again this month i increased my lotsize and i am having a losing one so far. Just u try to focus on the pip count, and not on the money...
yes im trying buddy..even the pip count aint helping much thou..lucky on mt4 u can hide it all..wat yah trading? and are u long or short

Quoting chazzle
Everything is down to practice - even losing , and every big loser starts off small -

I wish you all the best with the bigger account Nav
thanks man!! need to go nationwide and put in normal account, but this trade has my ass fixed in one spot
  • #14,785
  • Jun 21, 2011 3:21am Jun 21, 2011 3:21am
Quoting nAVIN2007
yes im trying buddy..even the pip count aint helping much thou..lucky on mt4 u can hide it all..wat yah trading? and are u long or short

right now i am not trading anything. I am looking evenrually to long EU, but seems it's struggling to go up for now. I will either long the break of the highs or look for a bullish setup in either yesterday's high or WP. Under 4260 i am short big time as the bearflag is broken
I don't want a job, i want money!
  • #14,786
  • Jun 21, 2011 3:22am Jun 21, 2011 3:22am
Quoting dario1002
I am losing this month but.. after all.. it's something i can make up with 2 normal trades (or 1 a bit above the average).
... and that's something helpful to keep in mind when trying to cut a bad one.

Having confidence in your method is vital - if you are happy with the way you trade most of the time because it shows positive results , this makes losing less emotional
  • #14,787
  • Jun 21, 2011 3:23am Jun 21, 2011 3:23am
Quoting dario1002
right now i am not trading anything. I am looking evenrually to long EU, but seems it's struggling to go up for now. I will either long the break of the highs or look for a bullish setup in either yesterday's high or WP. Under 4260 i am short big time as the bearflag is broken
its always usd that finishes me..everytime i try long it..it shorts me

anyway this is the chart to show what im in..has a chance i think ..reaction at 50 fibobut needs to break this support..otherwise..the sum bitch is going up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 112 KB
Click to Enlarge Name: cable1.jpg Size: 101 KB
  • #14,788
  • Jun 21, 2011 3:26am Jun 21, 2011 3:26am
Quoting chazzle
... and that's something helpful to keep in mind when trying to cut a bad one.

Having confidence in your method is vital - if you are happy with the way you trade most of the time because it shows positive results , this makes losing less emotional
and moreover... i had 4 losing trades this month... so the idea that i can make up for them with 2 good one (or 1) helps as well.
I don't want a job, i want money!
  • #14,789
  • Jun 21, 2011 3:33am Jun 21, 2011 3:33am
Quoting dario1002
and moreover... i had 4 losing trades this month... so the idea that i can make up for them with 2 good one (or 1) helps as well.
yur a strong man!!..all u can do is believe in yur analysis
im in this mess cause i exit early..and sold the damn bottom..cause of a 5 minute breakout gone wrong

but the long term is the same..only problem is the damn stop placement
wish u luck with the quick comeback!!!

hopefully the b*tch will break to 1.6 now..got a comb on dailly
  • #14,790
  • Jun 21, 2011 3:38am Jun 21, 2011 3:38am
Quoting wormboy
I've already got 1 eu position going (long) & will be looking to add as we move higher later.
nope, got out & took a small loss.
Attached Image (click to enlarge)
Click to Enlarge Name: eum5.png Size: 33 KB
Thank You
  • #14,791
  • Jun 21, 2011 3:40am Jun 21, 2011 3:40am
GBPUSD

1. short @6191 sl @6260 (0.5)
Thank You
  • #14,792
  • Jun 21, 2011 3:43am Jun 21, 2011 3:43am
Quoting nAVIN2007
yur a strong man!!..all u can do is believe in yur analysis
im in this mess cause i exit early..and sold the damn bottom..cause of a 5 minute breakout gone wrong

but the long term is the same..only problem is the damn stop placement
wish u luck with the quick comeback!!!

hopefully the b*tch will break to 1.6 now..got a comb on dailly
dude.. and u play a 5 min breakout with 300 pips SL??? COME ON! That is not of u to do such things!
I don't want a job, i want money!
  • #14,793
  • Jun 21, 2011 3:44am Jun 21, 2011 3:44am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Wormie, BOE fisher dropped a bomb that more QE is still the option. However, if that were to happen I reckon big boys will drive it much higer like last time and drop it from there...Anyways for today I am buyer @ 6160. What do you reckon?

EDIT: Just saw your post, you are opposite to me, I have a buy order @ 6160 :-)

Ta
Ams


Quoting wormboy
nope, got out & took a small loss.
  • #14,794
  • Jun 21, 2011 3:45am Jun 21, 2011 3:45am
Quoting wormboy
GBPUSD

1. short @6191 sl @6260 (0.5)

Added

GBPUSD

1. short @6191 sl @6260 (0.5)
2. short @6178 sl @6260 (0.5)
Thank You
  • #14,795
  • Jun 21, 2011 3:50am Jun 21, 2011 3:50am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
oi, calm down u, don't put more presure. I have order for 2 big lots..

I'll scalp and get out...doesn't look good now..


Quoting wormboy
Added

GBPUSD

1. short @6191 sl @6260 (0.5)
2. short @6178 sl @6260 (0.5)
  • #14,796
  • Jun 21, 2011 3:53am Jun 21, 2011 3:53am
Quoting dario1002
dude.. and u play a 5 min breakout with 300 pips SL??? COME ON! That is not of u to do such things!

no man!! 5 minute breakout in the direction of the dailly..stop placed in mind of dailly movement..my risk reward is also same..looking for 1.6 and below

i cant trade 5 minute chart with 5 minute stop..remember i dont like losing money i cannot lose money in 5 minute intervals, i aint got that kind of resolve yet
  • #14,797
  • Jun 21, 2011 3:54am Jun 21, 2011 3:54am
Quoting nAVIN2007
no man!! 5 minute breakout in the direction of the dailly..stop placed in mind of dailly movement..my risk reward is also same..looking for 1.6 and below
ok.. now i reckon u
I don't want a job, i want money!
  • #14,798
  • Jun 21, 2011 3:57am Jun 21, 2011 3:57am
Quoting wormboy
Added

GBPUSD

1. short @6191 sl @6260 (0.5)
2. short @6178 sl @6260 (0.5)

ok now u are seeing something i don't... USDX is not being able to break 74.88 but seems u got confident in this trade...
I don't want a job, i want money!
  • #14,799
  • Jun 21, 2011 4:00am Jun 21, 2011 4:00am
Quoting ams
oi, calm down u, don't put more presure. I have order for 2 big lots..

I'll scalp and get out...doesn't look good now..
heee
Thank You
  • #14,800
  • Jun 21, 2011 4:01am Jun 21, 2011 4:01am
Quoting dario1002
ok now u are seeing something i don't... USDX is not being able to break 74.88 but seems u got confident in this trade...

1.62 may hold as resistance..1.6250 area has a confluence with 50fibo..classic cable setup....i think wormy maybe see this..also pullback to dailly ascending trendline..

it has a chance..usdlfx increase in strength..bullish candle retracement to 61.8..buyers noted
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