The WoRmHoLe | Page 861 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better-than-the-wormhole 555 replies

Attachments: The WoRmHoLe
Exit Attachments

The WoRmHoLe

  • #17,201
  • Aug 12, 2011 8:49am Aug 12, 2011 8:49am
Quoting wormboy
295/300 must clear first on cable imo, then there's the 335. Too ugly up here to clear, even more so on a friday. Think patience needed here, everything is just in a wide range, you don't want to place a trade & see the bloody thing fly the wrong way quickly, been happening a lot this past week
Hi Wb,

Chart attached H1

I am long on Gu, took part of profit at 6280 and the next area can be zone of profit (6330 and zone of weekly pivot like you said) but today its friday everything can happen.
Attached Image (click to enlarge)
Click to Enlarge Name: gu h1 120811.gif Size: 24 KB
Trade with the momentum
  • #17,202
  • Aug 12, 2011 8:52am Aug 12, 2011 8:52am
i make the range inbetween the 2 red lines..but i have a feeling it might break or at least attempt to breakout, what would be good is seeing bearish sign there to suggest a drop

I also fedup of trying to long USD
Attached Image (click to enlarge)
Click to Enlarge Name: chart4.jpg Size: 90 KB
  • #17,203
  • Aug 12, 2011 8:56am Aug 12, 2011 8:56am
Quoting nAVIN2007
based on this trendline i think usd sinking
and cable..158 - 1.6470 we retraced at the 50% fibo..maybe going back toward 1.64 obviously this 1.63 is a hurdle

sorry id have post the chart but i did that yesterday i think
have a good one bro!
Quoting nAVIN2007
hehe
I know, ..it just that the quarterly bloody pin high is as high up as 1.70 if i remember correctly so this some bitch has room
haha ok so there you go, like I said no profitable swing trades off the HTF atm since this thing is just ranging. I think you'd made more money had you tried to go down to the H1 or lower on the daytrades bro. It's typical august pa except that the range this time around is wee bit wider.

No apologies needed, that reminder was directed to everyone.
Thank You
  • #17,204
  • Aug 12, 2011 8:56am Aug 12, 2011 8:56am
This also suggest to me gbp want to gain sometime and that trendline is gonna get worked
Attached Image (click to enlarge)
Click to Enlarge Name: cable1.gif Size: 52 KB
  • #17,205
  • Aug 12, 2011 8:59am Aug 12, 2011 8:59am
Quoting PhAnTi'
ofc not....didnt say that i plan to buy at current levels.
I dont trade in between ranges, i play the highs and the lows ( see green and red boxes ...doesnt matter which of them will be touched next

buy low, sell high...

dont gonna buy into mid 6450s/6500 level
thank you, see now that you've mentioned it, we at least know you're flat. Shudda attached the explanation together with your chart earlier hey!

One question jonas, what if price does not retest 6500. Are you gonna wait till it retest 6000?
Thank You
  • #17,206
  • Aug 12, 2011 9:02am Aug 12, 2011 9:02am
Quoting wormboy
haha ok so there you go, like I said no profitable swing trades off the HTF atm since this thing is just ranging. I think you'd made more money had you tried to go down to the H1 or lower on the daytrades bro. It's typical august pa except that the range this time around is wee bit wider.

No apologies needed, that reminder was directed to everyone.
U definitely right..this range is crazy but thats also a positive for up bud cause on weekly what yur effectively seeing is a condition where market is relieving itself to go up...its gonna be interesting
  • #17,207
  • Aug 12, 2011 9:03am Aug 12, 2011 9:03am
Quoting sailor68
Hi Wb,

Chart attached H1

I am long on Gu, took part of profit at 6280 and the next area can be zone of profit (6330 and zone of weekly pivot like you said) but today its friday everything can happen.
cheers mate, that makes sense to tp at 335. just be careful, pretty evident 300 level is protected.
Thank You
  • #17,208
  • Aug 12, 2011 9:07am Aug 12, 2011 9:07am
Quoting nAVIN2007
U definitely right..this range is crazy but thats also a positive for up bud cause on weekly what yur effectively seeing is a condition where market is relieving itself to go up...its gonna be interesting
Based on the weekly, it could, but it might take a loooong time.
I wouldn't want to sway you out of your trade, it'll be unfair since I'm not trading at all, but if you'd only take a look at the dailies, nothing there except ranging. 50 pips here 50 pips there on the ltf will add up bro. just saying
Thank You
  • #17,209
  • Aug 12, 2011 9:17am Aug 12, 2011 9:17am
Quoting wormboy
Based on the weekly, it could, but it might take a loooong time.
I wouldn't want to sway you out of your trade, it'll be unfair since I'm not trading at all, but if you'd only take a look at the dailies, nothing there except ranging. 50 pips here 50 pips there on the ltf will add up bro. just saying

i completely agree, it like u said quite a while ago.."A strategy in itself is to not trade as u can keep yur equity"..not exact words but the same idea

swing actually keeps me out trouble..this market is bloody tough
i mean gold is falling, pound going up
usd is rising and gbp is also rising..the rules are changing

just trying to hold on to my sh*t
cause i cant do what yur doing i dont trust what i see unless its the bigger picture
  • #17,210
  • Aug 12, 2011 9:36am Aug 12, 2011 9:36am
Quoting nAVIN2007
cause i cant do what yur doing i dont trust what i see unless its the bigger picture
errr you can actually. I am FLAT remember?

I saw how hairy the HTF were & you know I mentioned it countless times before even if I can scalp I am downright lazy to do it unless I have to. Told ya a few days back I don't need this crap right now, proven right that I sat it out. I mean look at the euro dailies, had you been trying to pull it off the dailies, you'd go bonkers!
Thank You
  • #17,211
  • Aug 12, 2011 9:45am Aug 12, 2011 9:45am
Quoting wormboy
errr you can actually. I am FLAT remember?

I saw how hairy the HTF were & you know I mentioned it countless times before even if I can scalp I am downright lazy to do it unless I have to. Told ya a few days back I don't need this crap right now, proven right that I sat it out. I mean look at the euro dailies, had you been trying to pull it off the dailies, you'd go bonkers!

lol yeah dailly on euro..account blower
  • #17,212
  • Aug 12, 2011 11:23am Aug 12, 2011 11:23am
u were right... it was good that i listened to u and i closed my position and went to the sea

anyway.. scalp the range is the way to go.. i am sure charles is going crazy over it. By the way.. where are them? Ams, greg... all the old fellas?
I don't want a job, i want money!
  • #17,213
  • Aug 12, 2011 11:56am Aug 12, 2011 11:56am
orite gang have a great weekend!

Inserted Video


Thank You
  • #17,214
  • Aug 12, 2011 11:57am Aug 12, 2011 11:57am
Quoting dario1002
u were right... it was good that i listened to u and i closed my position and went to the sea

anyway.. scalp the range is the way to go.. i am sure charles is going crazy over it. By the way.. where are them? Ams, greg... all the old fellas?
they're all enjoying the summer brother
I'd be out enjoying the sun too if it didn't shine all 365 days under 40 degrees heat

Have a good one!
Thank You
  • #17,215
  • Aug 12, 2011 12:04pm Aug 12, 2011 12:04pm
Quoting wormboy
Possible retest of the previously broken level as 295/300 looking to cap current surge. Let's see how it goes. Good luck
capped by the way. so good luck to anyone still trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gum5a.PNG Size: 26 KB
Click to Enlarge Name: gum5b.PNG Size: 28 KB
Thank You
  • #17,216
  • Aug 12, 2011 12:40pm Aug 12, 2011 12:40pm
Quoting wormboy
they're all enjoying the summer brother
I'd be out enjoying the sun too if it didn't shine all 365 days under 40 degrees heat

Have a good one!

u should go to the beatch ..bi@tch... show everybody the muscles
I don't want a job, i want money!
  • #17,217
  • Aug 14, 2011 5:01pm Aug 14, 2011 5:01pm
Quoting sailor68
Hi Trj,

Right i already took two long on eur/chf (chart attached H1)
the first one was at 0395 and TP at the trendline.
i missed the break of descending TL but this morning i entered again near DP.
blue zone different TP, and stop below DP.

I have one short trade on Usd/cad but price hold above 200ma on Daily (not sure to keep it im waiting for the daily close).
and a Gu long (Target TP first 6280).

Let see.
Hi all,

update position
on Friday i closed my gu long in green.
Today i closed my eur/chf long at 1.1165.
For the moment Usd/cad still short, post a chart later, need to sleep.
Trade with the momentum
  • #17,218
  • Aug 15, 2011 5:09am Aug 15, 2011 5:09am
Quoting wormboy
capped by the way. so good luck to anyone still trading.
Looks like a breakout. Still expecting a 300 retest before pushing any higher tho
Attached Image (click to enlarge)
Click to Enlarge Name: gu5.PNG Size: 25 KB
Thank You
  • #17,219
  • Aug 15, 2011 5:51am Aug 15, 2011 5:51am
gday short EU we above daily pivot so just a scalp for 40.or so
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 15 KB
  • #17,220
  • Aug 15, 2011 5:54am Aug 15, 2011 5:54am
Quoting wormboy
Looks like a breakout. Still expecting a 300 retest before pushing any higher tho

i wont short unless she breaks the trendline

my big picture attached
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart4.jpg Size: 111 KB
Click to Enlarge Name: cable1.gif Size: 54 KB
28 traders viewing now