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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #16,241
  • Jul 11, 2011 3:18am Jul 11, 2011 3:18am
Quoting ams
muah, gone long on aussie, euro, gu...scalps ofcourse..
Do you have gap for EU @ 4280 in your charts...
nope....
I don't want a job, i want money!
  • #16,242
  • Jul 11, 2011 3:19am Jul 11, 2011 3:19am
Quoting shr5
Woah 1 min? you guys rock!....it's hard for me to follow the trend by looking at hourly charts and above let alone 1 min...honestly speaking i myself am looking for a buy opportunity but would like to see a reversal on the hourly first....may the pips be with you

Ali Raza
eheh this was a try... if u go back to friday's discussion with Azim u will see the reason why. Still it's the first time i check the 1m chart... and i will go superlight till i don't get used to that
I don't want a job, i want money!
  • #16,243
  • Jul 11, 2011 3:21am Jul 11, 2011 3:21am
Morning chaps

bought EU 14145 - seeing this triangle on W1 as consolidation before next move north - breakout of 14075 spells trouble. ESL 14015
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  • #16,244
  • Jul 11, 2011 3:24am Jul 11, 2011 3:24am
Quoting dario1002
eheh this was a try... if u go back to friday's discussion with Azim u will see the reason why. Still it's the first time i check the 1m chart... and i will go superlight till i don't get used to that
ooh friday....yeah I wasn't following the market that day....will go back to going through the thread for friday....thanks need to keep myself updated....see ya
Raza
  • #16,245
  • Jul 11, 2011 3:26am Jul 11, 2011 3:26am
i am looking to go short on EU if the 5m bearflag goes...
I don't want a job, i want money!
  • #16,246
  • Jul 11, 2011 3:33am Jul 11, 2011 3:33am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
ok, thnx, we have earnings season starts from today for 2 weeks...expect high volatility !! I am not bearish unless we have bearish results from US companies..look at damn ftse, spx weekly candles of past 2 weeks!!! massive bullish engulf


Quoting dario1002
nope....
  • #16,247
  • Jul 11, 2011 3:47am Jul 11, 2011 3:47am
EU bear flag is triggered... let's see..
I don't want a job, i want money!
  • #16,248
  • Jul 11, 2011 3:56am Jul 11, 2011 3:56am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Anyone looking at gold monthly?
Seems it's about to breakout soon...
  • #16,249
  • Jul 11, 2011 4:04am Jul 11, 2011 4:04am
Quoting wormboy
short the bugger
Quoting wormboy
nfp man ... below 6154 we're bearish still .. too bad you were taken out.
Better just wait till next week imo

short the bugger .. till kingdom comes.
Thank You
  • #16,250
  • Jul 11, 2011 4:05am Jul 11, 2011 4:05am
Quoting wormboy
closed partial @5966 (0.5)

remaining stop amended, stop @6002 (1.5)
remaining stop amended, stop @5995 (1.5)
Thank You
  • #16,251
  • Jul 11, 2011 4:06am Jul 11, 2011 4:06am
Quoting dario1002
EU bear flag is triggered... let's see..
SL at BE
I don't want a job, i want money!
  • #16,252
  • Jul 11, 2011 4:08am Jul 11, 2011 4:08am
Quoting dario1002
SL at BE
try not to scalp breakouts.
Thank You
  • #16,253
  • Jul 11, 2011 4:12am Jul 11, 2011 4:12am
Quoting wormboy
try not to scalp breakouts.
hmmm ok i will... can i ask why?

So better to scalp range???
I don't want a job, i want money!
  • #16,254
  • Jul 11, 2011 4:17am Jul 11, 2011 4:17am
Quoting dario1002
SL at BE
out +4
I don't want a job, i want money!
  • #16,255
  • Jul 11, 2011 5:54am Jul 11, 2011 5:54am
Quoting dario1002
hmmm ok i will... can i ask why?

So better to scalp range???
because it can mean a day's work down the toilet -

say you made 6 good low risk scalps of 10 pips each in a safe zone where the market is undecided and bouncing back and forth - then a breakout of a particular level occurs on a htf , and you are on the wrong side of it ... that can quickly unwind most if not all of that profit - unless you put in a stop with minimum RR 1:1 - if you can do that RR scalping and make a long term success of it , please - let me know how
  • #16,256
  • Jul 11, 2011 6:19am Jul 11, 2011 6:19am
im actually long been looking at the charts..and im long on pound..f**k usd
  • #16,257
  • Jul 11, 2011 6:20am Jul 11, 2011 6:20am
see what i mean dario.
Thank You
  • #16,258
  • Jul 11, 2011 6:24am Jul 11, 2011 6:24am
another point to add to what charles said, when u attempt to scalp breakouts, you place tight stops and you get stopped even in profit, once price starts moving its very hard to get immediate entry.
Thank You
  • #16,259
  • Jul 11, 2011 6:27am Jul 11, 2011 6:27am
Quoting nAVIN2007
im actually long been looking at the charts..and im long on pound..f**k usd
the daily has really blinded me....bullish bar....but there hasn't been even one good reversal on the hourly....guess I'll be going long once wormie gets stopped out in profit from his shorts which doesn't seem to be anytime soon all....eitherway all the best to you for your long to Azim for his short and to myself for trying to figure out the market
Raza
  • #16,260
  • Jul 11, 2011 6:31am Jul 11, 2011 6:31am
Quoting wormboy
another point to add to what charles said, when u attempt to scalp breakouts, you place tight stops and you get stopped even in profit, once price starts moving its very hard to get immediate entry.
sorry maybe too much sun made me a bit retarded today. Let's see if i got u clearly. U want to say that on the lower TF i shouldn't play breakouts (like that 5 minute bearflag) because they happen too quick and i might get some not optimal entry... which combined with the necessity to place small SL, will eventually mean that i either get stopped out or have a bad R:R trades.

Am i right?

But i saw u guys playng breakouts scalps many times...
I don't want a job, i want money!
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