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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #16,261
  • Jul 11, 2011 6:37am Jul 11, 2011 6:37am
Quoting shr5
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

all i know is everytime i lose money i short cable..long it i make money ..so that tells me trend long term is up

now if u look carefully at the chart monthly and weekly..u will find..price broke out of the downtrend and has pullback to a breakout point..

I realise it nuts longing cable, but i entered light and prepared to hold at least till she proved me wrong ..every1 is also short

im gonna take time out of forums my thinks..its difficult not to develop herd type psychology which can become a bias..

target 1.67 area
  • #16,262
  • Jul 11, 2011 6:46am Jul 11, 2011 6:46am
Quoting nAVIN2007
all i know is everytime i lose money i short cable..long it i make money ..so that tells me trend long term is up

now if u look carefully at the chart monthly and weekly..u will find..price broke out of the downtrend and has pullback to a breakout point..

I realise it nuts longing cable, but i entered light and prepared to hold at least till she proved me wrong ..every1 is also short

im gonna take time out of forums my thinks..its difficult not to develop herd type psychology which can become a bias..

target 1.67 area
All the very best bro
Raza
  • #16,263
  • Edited 9:39am Jul 11, 2011 8:11am | Edited 9:39am
Quoting wormboy
remaining stop amended, stop @5995 (1.5)
closed partial @5915 (0.5)
remaining stop amended @5985 (1.0)
Thank You
  • #16,264
  • Jul 11, 2011 8:20am Jul 11, 2011 8:20am
Hi Azim
can this be considered as confirmation and continuation of cable being bearish
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: cable wk1.jpg Size: 59 KB
  • #16,265
  • Jul 11, 2011 8:21am Jul 11, 2011 8:21am
Quoting wormboy
closed partial @5915 (0.5)
remaining stop amended @5985 (1.0)
Raza
  • #16,266
  • Jul 11, 2011 8:31am Jul 11, 2011 8:31am
Quoting wormboy
closed partial @5915 (0.5)
remaining stop amended @5985 (1.0)

well played bro!
i do like the way u exit partial positions
  • #16,267
  • Jul 11, 2011 9:20am Jul 11, 2011 9:20am
I am shorting GU.. 1.5908 is my entry.., Any scalping guys here entering now.. My target is open for now
Stop is 1.595
  • #16,268
  • Jul 11, 2011 9:25am Jul 11, 2011 9:25am
Quoting dario1002
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...
learn to walk before run
Thank You
  • #16,269
  • Jul 11, 2011 9:28am Jul 11, 2011 9:28am
Quoting A 5
Hi Azim
can this be considered as confirmation and continuation of cable being bearish
thanks
the weekly monthly had been bearish at the turn of the month. Confirmation for continuation is closing below 5915 (h1 or h4 doesnt matter). Once we close below 5915, we will be heading towards 5785, the targets are all the same, I don't change them every other day
Thank You
  • #16,270
  • Jul 11, 2011 9:29am Jul 11, 2011 9:29am
Quoting shr5
Quoting nAVIN2007
well played bro!
i do like the way u exit partial positions
thanks fellas
Thank You
  • #16,271
  • Jul 11, 2011 9:31am Jul 11, 2011 9:31am
Quoting Xxavier
I am shorting GU.. 1.5908 is my entry.., Any scalping guys here entering now.. My target is open for now
Stop is 1.595
As I said before, don't scalp breakouts. What's the point in doing that?
Once 5915 is taken, just position that short and manage it properly, we won't be coming back up so quickly . Good luck
Thank You
  • #16,272
  • Jul 11, 2011 9:34am Jul 11, 2011 9:34am
yoorow just completed 206 pips range without breaking sweat. Hope everyone took the easier trade & sold. DX is now knocking on the all important 76. Keep an eye on that one, Good luck
Thank You
  • #16,273
  • Jul 11, 2011 9:39am Jul 11, 2011 9:39am
Quoting wormboy
closed partial @5915 (0.5)
remaining stop amended @5985 (1.0)

remaining stop amended @5975 (1.0)

Okay done for the day. Later.
Thank You
  • #16,274
  • Jul 11, 2011 10:02am Jul 11, 2011 10:02am
Thank you Wormboy. I sold some Gold here too.. Lets see..

Quoting wormboy
As I said before, don't scalp breakouts. What's the point in doing that?
Once 5915 is taken, just position that short and manage it properly, we won't be coming back up so quickly . Good luck
  • #16,275
  • Jul 11, 2011 11:43am Jul 11, 2011 11:43am
Quoting wormboy
the weekly monthly had been bearish at the turn of the month. Confirmation for continuation is closing below 5915 (h1 or h4 doesnt matter). Once we close below 5915, we will be heading towards 5785, the targets are all the same, I don't change them every other day
ok hear you loud and clear
thanks
  • #16,276
  • Jul 11, 2011 12:40pm Jul 11, 2011 12:40pm
Quoting sailor68
Hi all,

Since a few days i am out of my screen, but i trade only one pair according to the Daily, Gu, i am already short on this pair 6050, pending second short 6145 (near TL) with a S/L at 6210 because above price will be inside the ascending TL at this level.

Price didn't close above, and stay in prior weekly candle, area of 1.6060 resistance of some weekly candle just have a look on the left of your chart.

I have different TP first PA have to break 5910, and a good idea to load more short on the break or retest of this area.

Target Profit...
Nice to see that my plan on Gu has been working, i'm also short on Kiwi (at the break of WP), for the moment i didn't take any profit on gu, just move my stop at BE. let see later the daily candle, for the moment Gu right on support.
Trade with the momentum
  • #16,277
  • Edited 6:52pm Jul 11, 2011 5:04pm | Edited 6:52pm
Quoting chazzle
Morning chaps

bought EU 14145 - seeing this triangle on W1 as consolidation before next move north - breakout of 14075 spells trouble. ESL 14015
bit the dust there - ouch

scalping short the test on ltf ( m15 ) of 14050 , p/o 14070 sl on both 14085

14077 significant on HTF ( weekly ) - it's retest today ( where I should have exited and reversed ) was followed the most bearish hour of the day ( 15:00 - 16:00 bst )
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EUM15.jpg Size: 61 KB
  • #16,278
  • Jul 11, 2011 6:40pm Jul 11, 2011 6:40pm
Quoting chazzle

scalping short the test on ltf ( m15 ) of 14050
ok closing 1st scalp 20 pips p/o still open at 14070 and a new p/o at 14100 sl on both will be 14150
  • #16,279
  • Jul 11, 2011 7:25pm Jul 11, 2011 7:25pm
Quoting A 5
ok hear you loud and clear
thanks
You're welcome.

Just a quick reminder as well on the deathcross, we already printed a new daily low. How far will cable sink this week? Interesting times

Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: d1.gif Size: 25 KB
Click to Enlarge Name: d2.gif Size: 25 KB
Thank You
  • #16,280
  • Jul 11, 2011 7:26pm Jul 11, 2011 7:26pm
long scalp 14017 , contrary to the bias so its risky - break below 14007 and I'm out - DP up there at 084
Attached Image (click to enlarge)
Click to Enlarge Name: 14017.jpg Size: 79 KB
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