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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #16,321
  • Jul 12, 2011 4:28am Jul 12, 2011 4:28am
Quoting ams
hillarious....
And yesterday I thought we were bullish...
I should've kept my euro put option....
Cable now seems set for 1535xxx....hat's off to BOE for defending it...euro has tank'd twice since it's rise and cable only managed to 900 pips now!!
market is absolutely taking no prisoners..its been easy if u look at weekly or monthly but the stop placement would mean huge pips..that finished me off..i simply could risk the amount..even though it wasnt even 1 percent..im looking at the money at stake instead

on monthly..and im dismissing candles just direction..the trend is still intact but if we close below 1.58 on weekly..im f*cked!!

wormie trade is a smart one..whats the chances of this mofo not bouncing up for a few..he could have made 50 pips already..these are examples, when he is on it!!! ..he is on it
  • #16,322
  • Jul 12, 2011 4:28am Jul 12, 2011 4:28am
Quoting chazzle
Long from 15803 SL @ BE

also got a binary bet to close >15830 with RR 2.5:1

Chaz, I understand you are using IG. If you are not using their custom bet yet, try it.
the binary section in custom bet let you do the higher/lower for the next hour. Good bet when you have a sudden large spike.

Regards
  • #16,323
  • Jul 12, 2011 4:29am Jul 12, 2011 4:29am
Quoting chazzle
Long from 15803 SL @ BE

also got a binary bet to close >15830 with RR 2.5:1
closing for 50 will look to re enter on pullback binary still running
  • #16,324
  • Jul 12, 2011 4:32am Jul 12, 2011 4:32am
Quoting Rapid
Chaz, I understand you are using IG. If you are not using their custom bet yet, try it.
the binary section in custom bet let you do the higher/lower for the next hour. Good bet when you have a sudden large spike.

Regards
very rarely use custom/binary - as I found with a proper trade plan you are already creating your own "custom bet" in the spot market , but with more flexibility - but you may be onto something with the spikes - will think about it - cheers
  • #16,325
  • Jul 12, 2011 4:34am Jul 12, 2011 4:34am
long @3949 sl @3830 (0.5)
Thank You
  • #16,326
  • Jul 12, 2011 4:39am Jul 12, 2011 4:39am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Yup, wormie knows his stuff. He can do this for living.

One has to identify himslef to survive in this trading world!

I have finally found myself after so many years in trading, I am more of a scalping person. I can see trend changing before anyone else can see but I do not stick to my guns and pull out quickly which also let me trade in the opposite direction of the immediate trend and I start loosing money. Fooking lost whatever I made last week with NFP. So sticking to my guns this time just following my scalp system.

Equity markets has pulled off quite a bit, if we close in positive, this is a sign of reversal..


Quoting nAVIN2007
market is absolutely taking no prisoners..its been easy if u look at weekly or monthly but the stop placement would mean huge pips..that finished me off..i simply could risk the amount..even though it wasnt even 1 percent..im looking at the money at stake instead

on monthly..and im dismissing candles just direction..the trend is still intact but if we close below 1.58 on weekly..im f*cked!!

wormie trade is a smart one..whats the chances of this mofo not bouncing up for a few..he could have made 50 pips already..these are examples, when...
  • #16,327
  • Jul 12, 2011 4:46am Jul 12, 2011 4:46am
Short scalp 854 - looking to take it back to 830 will add 865 if i have to sl 880
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  • #16,328
  • Jul 12, 2011 4:47am Jul 12, 2011 4:47am
Quoting ams
Yup, wormie knows his stuff. He can do this for living.

One has to identify himslef to survive in this trading world!

I have finally found myself after so many years in trading, I am more of a scalping person. I can see trend changing before anyone else can see but I do not stick to my guns and pull out quickly which also let me trade in the opposite direction of the immediate trend and I start loosing money. Fooking lost whatever I made last week with NFP. So sticking to my guns this time just following my scalp system.

Equity markets has pulled...

yeah im think sticking to a plan is the hardest thing..wormie can play lots i cant even imagine and stick to it..i thought if i have 5 times the equity i can play 5 times the position size..without a hickup

but in reality it proving quite tough..funny thing is after a loss i get braver..i need to conquer this..wormie give me some tips man..u must have gone through this or any1 for this matter
  • #16,329
  • Jul 12, 2011 4:51am Jul 12, 2011 4:51am
Quoting nAVIN2007
funny thing is after a loss i get braver..i need to conquer this.
need to find that bravery when you are winning - take it to the next level - I also aim to be able to do this
  • #16,330
  • Jul 12, 2011 4:52am Jul 12, 2011 4:52am
Quoting chazzle
Short scalp 854 - looking to take it back to 830 will add 865 if i have to sl 880
closing 835 re-loading the long sl 790
  • #16,331
  • Jul 12, 2011 4:56am Jul 12, 2011 4:56am
Quoting chazzle
need to find that bravery when you are winning - take it to the next level - I also aim to be able to do this
i can do it on a microlot level
  • #16,332
  • Jul 12, 2011 4:59am Jul 12, 2011 4:59am
Long 920 looking towards 977 sl 880
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  • #16,333
  • Jul 12, 2011 5:05am Jul 12, 2011 5:05am
Quoting nAVIN2007
i can do it on a microlot level
You must stop thinking about the money and start thinking in terms of percentage of your account. Thats the only way I was able to conquer it, I think we all go through it and have to find our own way but thats what helped me. Wormie can place lots you can only imagine because he has an account size you can only imagine (until you catch up of course).
  • #16,334
  • Jul 12, 2011 5:05am Jul 12, 2011 5:05am
Quoting chazzle
Long 920 looking towards 977 sl 880
close 940 - looking to re-enter on retrace
  • #16,335
  • Jul 12, 2011 5:07am Jul 12, 2011 5:07am
Quoting chazzle
closing 835 re-loading the long sl 790
adding 815 same sl
  • #16,336
  • Jul 12, 2011 5:18am Jul 12, 2011 5:18am
Quoting chazzle
adding 815 same sl
closing 821 - closed binary at b/e - not convinced - could well be dead ass cat bouncing + UK news looks like it was pony
  • #16,337
  • Jul 12, 2011 5:21am Jul 12, 2011 5:21am
Quoting ohammond
You must stop thinking about the money and start thinking in terms of percentage of your account. Thats the only way I was able to conquer it, I think we all go through it and have to find our own way but thats what helped me. Wormie can place lots you can only imagine because he has an account size you can only imagine (until you catch up of course).

i will try this..thank u
  • #16,338
  • Jul 12, 2011 5:24am Jul 12, 2011 5:24am
AMS - where is cable heading ? talk to me
  • #16,339
  • Jul 12, 2011 5:30am Jul 12, 2011 5:30am
cable - back in at 812 sl 760
  • #16,340
  • Jul 12, 2011 5:35am Jul 12, 2011 5:35am
Quoting chazzle
AMS - where is cable heading ? talk to me

u heard it from me first 1.67 then 1.7
i know that sounds crazy this is my trade

first mission is closing above 1.6..lol
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