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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #16,121
  • Jul 8, 2011 3:09am Jul 8, 2011 3:09am
Quoting Mattz
GU =


Here's my Scalping chart:

It use candle stick japonese style and support and resistance.
That's all that's needed to scalp really
Thank You
  • #16,122
  • Jul 8, 2011 3:09am Jul 8, 2011 3:09am
We did not even made a new high on 4h guys... news in 20 mins.
Good luck all!

Quoting wormboy
That's all that's needed to scalp really


ok ok I have the daily S/R indic..... what a liar I am.
"It's not about the pay check, it's about crushing the rebellion"
  • #16,123
  • Jul 8, 2011 3:09am Jul 8, 2011 3:09am
and here are the other charts i use.. where i look for patterns and so on...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusd5m108-07.jpg Size: 152 KB
I don't want a job, i want money!
  • #16,124
  • Jul 8, 2011 3:10am Jul 8, 2011 3:10am
Quoting qp2
Hi Azim, well done I have learned from your postings on this trade.
Hi allan, don't think i've posted anything useful here except that i had closed it mate
Thank You
  • #16,125
  • Jul 8, 2011 3:12am Jul 8, 2011 3:12am
Quoting wormboy
That's all that's needed to scalp really

just the other day u told u watch prices in different charts when u scalp. If i am not wrong u said that on the naked chart u take the trade, and on the others u eventually pick exits (based on fibos for example). And sometimes u spot on divergences even on the 5m timeframe.

am i mistaken?
I don't want a job, i want money!
  • #16,126
  • Jul 8, 2011 3:12am Jul 8, 2011 3:12am
Quoting Mattz

ok ok I have the daily S/R indic..... what a liar I am.
i have it on mine as well brother
Thank You
  • #16,127
  • Jul 8, 2011 3:14am Jul 8, 2011 3:14am
Quoting wormboy
No, but i can guarantee you'd have to wait a lot longer to make money scalping.
All you need is price, not a bunch of garbage on your charts. If you think reading pa on the htf is tough, you're in for a shocker when you lower it down to the m1 & the m5.
thats what i been trying to say all along..
welldone bro on the short and exiting at a good point..

we have a slight problem with usd..yesterday had a pin so far it hasnt broken the low, mean it might be consolidating (may go higher instead)..and is possible as news for np is there..the figures were so bad last month, that so long as a improvement is made on last month USD can fly

technicals and nf conflict perhaps

did u see my pm bro
  • #16,128
  • Jul 8, 2011 3:14am Jul 8, 2011 3:14am
Quoting dario1002
just the other day u told u watch prices in different charts when u scalp. If i am not wrong u said that on the naked chart u take the trade, and on the others u eventually pick exits (based on fibos for example).

am i mistaken?
No you are correct. So what are the squiggly lines on your chart for?
Thank You
  • #16,129
  • Jul 8, 2011 3:17am Jul 8, 2011 3:17am
Quoting wormboy
No you are correct. So what are the squiggly lines on your chart for?
all that i look on that charts are pivots, middle pivots, divergences and the fact that i can quickly check on higher tfs. all the rest i have no idea what is for and how to use it.

Anyway... if u think it just makes more confusion than help...i will get rid of it As i wrote.. i am here to get corrected if i do/say something stupid
I don't want a job, i want money!
  • #16,130
  • Jul 8, 2011 3:20am Jul 8, 2011 3:20am
Quoting nAVIN2007
thats what i been trying to say all along..
welldone bro on the short and exiting at a good point..

we have a slight problem with usd..yesterday had a pin so far it hasnt broken the low, mean it might be consolidating (may go higher instead)..and is possible as news for np is there..the figures were so bad last month, that so long as a improvement is made so last month USD can fly

technicals and nf conflict perhaps

did u see my pm bro
I had to close the trade because i really have no idea where price is headed today. Htf is still down but other than that everything else atm is as clear as mud for me. And given its big news day i'd take my money first and wait to see what gives. Really hate to be short if price flies 100+ ps the other way going into the weekend.

I havent read any of my pm yet bro, will do it on monday morning
Thank You
  • #16,131
  • Jul 8, 2011 3:22am Jul 8, 2011 3:22am
Quoting dario1002
all that i look on that charts are pivots, middle pivots, divergences and the fact that i can quickly check on higher tfs. all the rest i have no idea what is for and how to use it
Mid pivots on the m1, s/r. Throw the rest away, especially the ones you have no idea what its for
Thank You
  • #16,132
  • Jul 8, 2011 3:22am Jul 8, 2011 3:22am
Even if Azim is a really good trader, I think the best approch is to find your own way of trading by test and retest.
This way you feel confortable in any sitiation since you establish the criteria, not copying (copy cat) other people behavior.

Sure you can advice here and there, but trading is a lonely activity.
No one takes the "same" trade...

2 cents......


---------
Here a very long thread where I learned how to scalp whit momentom candle on 5min TF and more.
"Wick are illusion, body show the way" - Food start around page 250.

Look for MO reply. Have fun.
"It's not about the pay check, it's about crushing the rebellion"
  • #16,133
  • Jul 8, 2011 3:25am Jul 8, 2011 3:25am
Quoting wormboy
I had to close the trade because i really have no idea where price is headed today. Htf is still down but other than that everything else atm is as clear as mud for me. And given its big news day i'd take my money first and wait to see what gives. Really hate to be short if price flies 100+ ps the other way going into the weekend.

I havent read any of my pm yet bro, will do it on monday morning
agreed..that why im flat as well
i believe chart explain it all
have a good one m8
Attached Image (click to enlarge)
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  • #16,134
  • Jul 8, 2011 3:26am Jul 8, 2011 3:26am
Quoting wormboy
Mid pivots on the m1, s/r. Throw the rest away, especially the ones you have no idea what its for
how about divergences?
I don't want a job, i want money!
  • #16,135
  • Jul 8, 2011 3:30am Jul 8, 2011 3:30am
Quoting Mattz
Even if Azim is a really good trader, I think the best approch is to find our own way of trading by test and retest.

This way you feel confortable in any sitiation since you establish the criteria, not copying (copy cat) other people behavior.

Sure you can advice here and there, but trading is a lonely activity.
No one takes the "same" trade...

2 cents......


---------
Here a very long thread where I learned how to scalp whit momentom candle on 5min TF and more.
Look for...

My friend... u are probably right. But i believe if we didn't learn from each other we would still be in the middle age. So, since i was young i had such mindset: find the best, follow him and learn from him.
I don't want a job, i want money!
  • #16,136
  • Jul 8, 2011 3:30am Jul 8, 2011 3:30am
Quoting nAVIN2007
agreed..that why im flat as well
i believe chart explain it all
have a good one m8
the new swing didn't produce a new higher high, that LTL you drew isn't reliable yet ..

Have a good one too bro
Thank You
  • #16,137
  • Jul 8, 2011 3:32am Jul 8, 2011 3:32am
Quoting dario1002
how about divergences?
Divergences are used to spot trend weaknesses/strength, & if you're not familiar with it I might as well tell you now they do appear on sideways market as well. Ultimately you'd still have to rely on price.
And btw, if you scalp the m1, by the time your divergence kicks in & you pull the trade, chances are the trade had gone by 10-15 pips & you're most likely to enter on pullback. Not ideal situation. Demo it & see for yourself, been there done that bought the tshirt
Thank You
  • #16,138
  • Jul 8, 2011 3:36am Jul 8, 2011 3:36am
Quoting Mattz
Even if Azim is a really good trader, I think the best approch is to find our own way of trading by test and retest.

This way you feel confortable in any sitiation since you establish the criteria, not copying (copy cat) other people behavior.

Sure you can advice here and there, but trading is a lonely activity.
No one takes the "same" trade...

2 cents......

azim is a seasoned trader..and i have said it plenty of times, over 10 years of experience and he is where he is cause of his ability to swing trade..if u look through what was his journey journal..u can see it!!

over time he developed toughness and has good balance to absorb, minor shock..

this is the reality:-
people scalp generally cause they are over leveraged, have little or no discipline and end up trading emotions..and they become prey to the market unless u exit quick!!!

i made over 1k pips last month..and had an easy time
if i scalped i can say 95% id have probably stressed myself out and most likely if not lost broke even

scalping requirements:- see market info for what it is, having no bias and excellent chart reading..
if u cant swing trade and make money..u cant do it scalping and keep it!!..just my 2 cents
  • #16,139
  • Jul 8, 2011 3:36am Jul 8, 2011 3:36am
Quoting wormboy
Divergences are used to spot trend weaknesses/strength, & if you're not familiar with it I might as well tell you now they do appear on sideways market as well. Ultimately you'd still have to rely on price.
And btw, if you scalp the m1, by the time your divergence kicks in & you pull the trade, chances are the trade had gone by 10-15 pips & you're most likely to enter on pullback. Not ideal situation. Demo it & see for yourself, been there done that
ok... and one last question for today.. i swear...

in the past u were mostly scalping the 5m (as far as i know). Lately u are talking more about the 1m. What makes u decide which TF to use?
I don't want a job, i want money!
  • #16,140
  • Jul 8, 2011 3:37am Jul 8, 2011 3:37am
. This is how I see it
Use at your own risk. LOL!
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"It's not about the pay check, it's about crushing the rebellion"
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