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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #15,601
  • Jun 29, 2011 8:24am Jun 29, 2011 8:24am
Quoting wormboy
You couldn't have closed your shorts earlier, nobody short could close. Watch the tick during the drop was too fast any orders would've slipped bigtime.

Anyway you know i am bearish, but id trend is still atm bullish. Don't let that knockdown at the w1 pivot fool you. Let's wait for a while &let things settle down a bit
didnt close
yur 100% right its still bullish..thats why i was aiming for the bloody line, now i missed it i just hoping the mofo sink b4 it get to 1.61 area
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  • #15,602
  • Jun 29, 2011 8:27am Jun 29, 2011 8:27am
i am demo.. as i write.. or either micro... so anyway no biggie. I figured out that scalping wasnt going to be good this morning. Yesterday was a much better day for scalping (me thinking). Anyway that's why in general i am not trading for now. Will wait for it to settle a bit.. end of the month and week.
Still.. on GU 5976 is the price to watch. We touched it again today while we were almost 100 pips over it.

Scalping is just about evolving situation, have to be quick and don't regret, as u don't even have time for it most of the times. Your SL might be hitted and then go to your direction (that will probably happen often), especially if u hesitate those 30 seconds that will give u a 2 pips late entry. I am learning it...
I don't want a job, i want money!
  • #15,603
  • Jun 29, 2011 8:28am Jun 29, 2011 8:28am
Quoting wormboy
Yup, one have to stay dumb & follow the money to scalp
Would you say scalping is best done by just focusing on one timeframe at that moment?
  • #15,604
  • Jun 29, 2011 8:30am Jun 29, 2011 8:30am
Quoting wormboy
You were scalping, there's no room for guessing
Azim... when looking for patterns in the lower TF, should we consider as well the 100 pips spikes? even if they happen in couple of minutes? and if yes.. doesn't that make triangles and boxes and wedges look way too silly?
I don't want a job, i want money!
  • #15,605
  • Jun 29, 2011 8:45am Jun 29, 2011 8:45am
Quoting DrPippnstein
Would you say scalping is best done by just focusing on one timeframe at that moment?
Well I picked the m5 which is already considered slow if you are scalping.
If you had chose anything lower than the m5 you would've seen that the trend on those were up.
Thank You
  • #15,606
  • Jun 29, 2011 8:46am Jun 29, 2011 8:46am
Quoting DrPippnstein
Would you say scalping is best done by just focusing on one timeframe at that moment?
yeah...and by what i am learning (but as u understood i am still new to this), u should be aware when u scalp the 5m and it's the hourly close, or the hour that councide with big numbers (4h close and so on). in these last minutes it might spike quick..
I don't want a job, i want money!
  • #15,607
  • Jun 29, 2011 8:48am Jun 29, 2011 8:48am
Quoting dario1002
Azim... when looking for patterns in the lower TF, should we consider as well the 100 pips spikes? even if they happen in couple of minutes? and if yes.. doesn't that make triangles and boxes and wedges look way too silly?
What pattern?
Thank You
  • #15,608
  • Jun 29, 2011 8:49am Jun 29, 2011 8:49am
think I might not have to wait till the monthly close to sell the euro ...
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  • #15,609
  • Jun 29, 2011 8:50am Jun 29, 2011 8:50am
Quoting wormboy
What pattern?
i don't know.. it was a general question... for example u have a perfect triangle... and then 100 pips spike.. and then price goes back in that triangle where it was before... is it still valid?
I don't want a job, i want money!
  • #15,610
  • Jun 29, 2011 8:52am Jun 29, 2011 8:52am
Quoting dario1002
i don't know.. it was a general question... for example u have a perfect triangle... and then 100 pips spike.. and then price goes back in that triangle where it was before... is it still valid?
yes
Thank You
  • #15,611
  • Jun 29, 2011 8:54am Jun 29, 2011 8:54am
Quoting wormboy
think I might not have to wait till the monthly close to sell the euro ...
i think we are watching the same thing... still that 4320....
I don't want a job, i want money!
  • #15,612
  • Jun 29, 2011 8:56am Jun 29, 2011 8:56am
EurUsd

1. short @4364 sl @4464 (2.0)
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  • #15,613
  • Jun 29, 2011 8:56am Jun 29, 2011 8:56am
Quoting wormboy
think I might not have to wait till the monthly close to sell the euro ...
same here bro..new dailly will fall outside the ascending trendline..im with u 100% on that..

reason to sell the mofo
  • #15,614
  • Jun 29, 2011 8:56am Jun 29, 2011 8:56am
Long scalp GU 6113 SL 6100 DEMO ... It was bouncing there for hours this morning...
I don't want a job, i want money!
  • #15,615
  • Jun 29, 2011 8:58am Jun 29, 2011 8:58am
Quoting dario1002
i think we are watching the same thing... still that 4320....
Watch the monthly. It was bullish about an hour ago.
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Thank You
  • #15,616
  • Jun 29, 2011 9:04am Jun 29, 2011 9:04am
Quoting dario1002
Long scalp GU 6113 SL 6100 DEMO ... It was bouncing there for hours this morning...
out SL hitted...
I don't want a job, i want money!
  • #15,617
  • Jun 29, 2011 9:11am Jun 29, 2011 9:11am
Quoting nAVIN2007
same here bro..new dailly will fall outside the ascending trendline..im with u 100% on that..

reason to sell the mofo
woof!

Inserted Video
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  • #15,618
  • Jun 29, 2011 9:16am Jun 29, 2011 9:16am
Quoting wormboy
woof!

http://www.youtube.com/watch?v=YkyhvCdJ_vM
  • #15,619
  • Jun 29, 2011 10:00am Jun 29, 2011 10:00am
this doesnt look good
Thank You
  • #15,620
  • Jun 29, 2011 10:03am Jun 29, 2011 10:03am
Quoting wormboy
this doesnt look good
yeah... it bounced from a LTL.. the problem is.. that i took the same trade as well.. that's why
I don't want a job, i want money!
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