The WoRmHoLe

nice old school boogie-down

there's a slight issue with that....the buy-the-rumor part is missing...

well if you were lucky enough to be waiting for that inverse H+S to go long..... you might have bought the rumor that never was

Sell the news, buy the fibo retracement!

The loss yesterday did my head in like you wouldn't believe it that I lost the plot & skipped what is now more than 24 hours of sleep.
Then today I made it all back + some & managed to get out when it counted. Now I feel like a million bucks again.

Trading hey ...

the halfday candle now looks absolutely awesome. Too bad it still has 2 hours to go .. doh!

gone long on cable... SL under today's low TP 61

Azim, may I ask whether this tight SL is due to the trade being counter trend or rather becuase it's based on a lower timeframe?


Uups sorry. Being tired I got the numbers mixed up. It's not as tight as it seemed. was reading 1.5993

That's not tight enough actually ... I'd usually place H&S stops slightly below the shoulder (regardless of timeframe involved). But I had loosen this one up earlier due to the volatility.

Yes I see it now. Got the numbers mixed up. Thank you for the hint on volatility. Definitely need some rest now.

green pin complete on H8...she's outta the water now...thinking about turning on the dryer?

I had 4 cans of redbull & 2 N.O Xplode today. You want to give it a shot, worked wonders for me, see here 29 hours still going.

Better than the energizer bunny
Have a good one!

ha! you read my mind. I'm waiting for the h12, the bigger the better

I concurr... ....only problem with big is takes too long to have an effect...

ahhhhhhh 1.60..sum bitch

u thought this week was hard..bro!!..becarefull next its gonna be a coin toss
usd wil probably end week as doji..to its either direction

i say scalp the mofo..swinging going to be coin toss

OK, I guess I will come clean now .. I've been a long time lurker in this thread, the only one on FF with an IQ I usually come in while those of you on the other side of the planet (I'm currently in Hawaii) are fast asleep, and scurry around gathering nuggets of wisdom from the various posts, then take them back to my cave (charts) to devour slowly. Very satisfying, and often rewarding.

What I continue to learn from the pros in here is the importance of strict money management and following one's own rules. My own trading style is very simple compared to many of the charts I see here, but it works well as long as I do not deviate from my own rules.

My big breakthrough in learning to trade successfully was the realization that I am an incurable gambler. I had no idea I was since apart from playing a few nickel slots in Vegas, I have never had an interest in gambling. But turn me loose with a forex account ... and I gamble.
It's taken 4 long years to a) recognize that fact and b) stop it.

That's where the wisdom of many contributors to this thread has been so valuable. Although sometimes even they slip into the odd gamble-trade, for the most part they have learned strict adherence to their trading plan .. and they are successful.

What's working for me now is to watch the weekly charts for trend, the daily for candle signals and down to H1 or 15 for entries. Sometimes I enter off the daily if the candle is particularly inviting. I force myself to only take the 'A' trades instead of trying to 'see' a trade setup where in fact there is none.

To keep my gambling side busy, I will sometimes trade micro lots using 15-5 and my own 1 minute chart (which has no price, only 3 ma's. I can post if anyone interested).

The only possibly useful piece of information I can offer atm is what I have observed with the Swissy. Like most, I usually ignored this one. However in these strange (to put it mildly) economic times, I have noticed that the Swissy seems to manage to remain outside the shenanigans perpetrated by those who control the cable, yurow, $ and even the yen. So I just wait for weekly pullbacks in the Swissy (including the crosses) to go short again & it's working out very well. Also the CHFJPY has been golden, in this case wait for the pullback south to go long again.

If I think of something clever or useful to say, I'll post again, in the meantime .. thanks for the nuggets.

.

welcome

this is yur biggest strength bro!!..always bounce back stronger..signature of a winner

nite nite all and thank you all for sharing.