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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #15,201
  • Jun 23, 2011 11:53am Jun 23, 2011 11:53am
Quoting wormboy
Yea jinxed, as in you've screwed our chances of trading it lol
u out of it?
I don't want a job, i want money!
  • #15,202
  • Jun 23, 2011 11:58am Jun 23, 2011 11:58am
Quoting wormboy
Nope, still on my hands. That neck had been braced
good choice bro...that neck is way too wet for my taste too...need to let 'er dry up a bit before taking any action...
Hear the music before the song is over ...
  • #15,203
  • Jun 23, 2011 12:05pm Jun 23, 2011 12:05pm
Quoting dario1002
u out of it?
out? i'm not even in! The neckline is still intact
Thank You
  • #15,204
  • Jun 23, 2011 12:07pm Jun 23, 2011 12:07pm
Quoting wormboy
out? i'm not even in! The neckline is still intact
hmmmm so even during scalp u wait for confirmation? on my chart neck got broken earlier... then price pulled back, but there was a close over it
I don't want a job, i want money!
  • #15,205
  • Jun 23, 2011 12:11pm Jun 23, 2011 12:11pm
I bought yoorow for 5 bucks tho. yea, hammer, bite me
will lock it in asap
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Thank You
  • #15,206
  • Jun 23, 2011 12:12pm Jun 23, 2011 12:12pm
Quoting wormboy
out? i'm not even in! The neckline is still intact

i have as broken ..retested it
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  • #15,207
  • Jun 23, 2011 12:14pm Jun 23, 2011 12:14pm
Quoting dario1002
hmmmm so even during scalp u wait for confirmation? on my chart neck got broken earlier... then price pulled back, but there was a close over it
No, the rule of trading the H&S is only valid once the neckline is broken. You know broken as in broken cleanly. We always have done it the same way.
My neckline is at 5983. Not one of the m5 bar closed over it. Did yours?

Don't worry about it tho, looks like it's testing it again
Thank You
  • #15,208
  • Jun 23, 2011 12:16pm Jun 23, 2011 12:16pm
Quoting GlobalMacro
good choice bro...that neck is way too wet for my taste too...need to let 'er dry up a bit before taking any action...
lol you dirty old fart
Thank You
  • #15,209
  • Jun 23, 2011 12:17pm Jun 23, 2011 12:17pm
Quoting nAVIN2007
i have as broken ..retested it
That's not right nav, you can't have the neckline drawn slanted when the 2 shoulders are formed parallel to each other
Thank You
  • #15,210
  • Edited 12:33pm Jun 23, 2011 12:21pm | Edited 12:33pm
Quoting dario1002
hmmmm so even during scalp u wait for confirmation? on my chart neck got broken earlier... then price pulled back, but there was a close over it
i wait for confirmation on every trade that i take...whatever your methodology, TF,whether scalping , position or swing. I scalp mostly off the M5,then leave a trade run if it looks right with at least 3 signals still in place at BE. I would never enter a trade without confirmation from my three main signals. Mine are static, dynamic SR/ SD , trendlines and momentum.candle closing on m5 for scalp, and higher tf for confirmation.

GM you're starting to sound like a rapist... the girls got to have some liquidity before she can move...
All systems of divination, like music itself,work through patterns.
  • #15,211
  • Jun 23, 2011 12:22pm Jun 23, 2011 12:22pm
Quoting wormboy
No, the rule of trading the H&S is only valid once the neckline is broken. You know broken as in broken cleanly. We always have done it the same way.
My neckline is at 5983. Not one of the m5 bar closed over it. Did yours?

Don't worry about it tho, looks like it's testing it again

i have just 1 candle that broke that level... closed at 5986 with full body. I just did as u told me last time... when it's about scalp, don't wait for confirm, just go for it as soon as there is a close over it. But u are right.. H&S has it's own rules, and it's a pattern... not a TL
I don't want a job, i want money!
  • #15,212
  • Jun 23, 2011 12:25pm Jun 23, 2011 12:25pm
Quoting kaspopsicle
i wait for confirmation on every trade that i take...whatever your methodology, TF,whether scalping , position or swing. I scalp mostly off the M5,then leave a trade run if it looks right with at least 3 signals still in place at BE. I would never enter a trade without confirmation from my three main signals. Mine are static, dynamic SR/ SD , trendlines and momentum.
agreed, except if you're scalping the m1, gotta be wee bit lenient as most of the times, waiting for the confirmation on those, can cause a good 10-12 pips to slip. 10-12 pips most of the time is sufficient tp
Thank You
  • #15,213
  • Jun 23, 2011 12:25pm Jun 23, 2011 12:25pm
Quoting wormboy
That's not right nav, you can't have the neckline drawn slanted when the 2 shoulders are formed parallel to each other
thanks
yes i see yur point

i cannot believe im in this trades..so stupid..u think it have been hit long time..especailly if i was short
  • #15,214
  • Jun 23, 2011 12:27pm Jun 23, 2011 12:27pm
Quoting dario1002
i have just 1 candle that broke that level... closed at 5986 with full body. I just did as u told me last time... when it's about scalp, don't wait for confirm, just go for it as soon as there is a close over it. But u are right.. H&S has it's own rules, and it's a pattern... not a TL
Can I have a look at your m5 chart?

Quoting nAVIN2007
thanks
yes i see yur point
You're welcome bro
Thank You
  • #15,215
  • Jun 23, 2011 12:30pm Jun 23, 2011 12:30pm
..
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I don't want a job, i want money!
  • #15,216
  • Jun 23, 2011 12:32pm Jun 23, 2011 12:32pm
Quoting dario1002
..
so where's the close over the neckline? I don't see it
Thank You
  • #15,217
  • Jun 23, 2011 12:36pm Jun 23, 2011 12:36pm
Quoting wormboy
so where's the close over the neckline? I don't see it

come on.. can't u see? there is a candle that open under the neckline, and close over it
I don't want a job, i want money!
  • #15,218
  • Jun 23, 2011 12:37pm Jun 23, 2011 12:37pm
watch the current m5, atm it is over the neckline. if it stays over at the candle close, the pattern will be valid & tradeable.
Thank You
  • #15,219
  • Jun 23, 2011 12:38pm Jun 23, 2011 12:38pm
Here's a snapshot of what I'm looking at right now...I'm not ready to play yet either way
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Hear the music before the song is over ...
  • #15,220
  • Jun 23, 2011 12:38pm Jun 23, 2011 12:38pm
Quoting wormboy
watch the current m5, atm it is over the neckline. if it stays over at the candle close, the pattern will be valid & tradeable.

ok... so u meant that opens and closes over the neckline...

did u mean that even when u scalp???
I don't want a job, i want money!
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