The WoRmHoLe | Page 929 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better-than-the-wormhole 555 replies

Attachments: The WoRmHoLe
Exit Attachments

The WoRmHoLe

  • #18,561
  • Sep 16, 2011 3:19am Sep 16, 2011 3:19am
Quoting scurt
reloaded short...yacht is on the way... sl 35pips, TP area 87.20

u have a good chance but the damn trendline needs to go
Attached Image (click to enlarge)
Click to Enlarge Name: cable1.jpg Size: 104 KB
  • #18,562
  • Sep 16, 2011 3:20am Sep 16, 2011 3:20am
Quoting dario1002
now this is starting to look mean for longs on GU.. and that's why i didn't buy yesterday. There wasn't any actual breakout except for that minor TL. But the big dogs were defending the big trend.
They were defending the same level this whole week.
Back to major downtrend now, find the entry & take it dario.
Thank You
  • #18,563
  • Sep 16, 2011 3:23am Sep 16, 2011 3:23am
Quoting albchr
Careful bro. 3770/80 is a possible bounce point me thinks.
yup, will do. The trade is only 1 lot, I will onnly go gung ho when it breaks lower later & this trade is in profit
Thank You
  • #18,564
  • Sep 16, 2011 3:25am Sep 16, 2011 3:25am
Quoting wormboy
They were defending the same level this whole week.
Back to major downtrend now, find the entry & take it dario.
shorted EURO... i had the same chart and looking for the retest of that LTL at first... GU looks dodgy still and i didn't find anything that i like yet...
I don't want a job, i want money!
  • #18,565
  • Sep 16, 2011 3:26am Sep 16, 2011 3:26am
Quoting wormboy
yup, will do. The trade is only 1 lot, I will onnly go gung ho when it breaks lower later & this trade is in profit
Ghost Rider - WWTBMD?
  • #18,566
  • Sep 16, 2011 3:31am Sep 16, 2011 3:31am
Quoting dario1002
shorted EURO... i had the same chart and looking for the retest of that LTL at first... GU looks dodgy still and i didn't find anything that i like yet...
Yes bit more clarity on euro at the moment.
Hourly close on cable will be telling, a strong bearish close & I'd gather it'll push down. Always a safer bet to go with the major trend when the i/d trend lines up for you.
Thank You
  • #18,567
  • Sep 16, 2011 3:31am Sep 16, 2011 3:31am
Quoting wormboy
yup, will do. The trade is only 1 lot, I will onnly go gung ho when it breaks lower later & this trade is in profit

ONLY 1 LOT? if i was trading only 1 lot with 300 pips SL i would be shitting my pants already.. and considering my new diet, that wouldn't be cute at all!!
I don't want a job, i want money!
  • #18,568
  • Sep 16, 2011 3:36am Sep 16, 2011 3:36am
Quoting wormboy
Yes bit more clarity on euro at the moment.
Hourly close on cable will be telling, a strong bearish close & I'd gather it'll push down. Always a safer bet to go with the major trend when the i/d trend lines up for you.

can i ask u why, giving the market conditions, didn't get at least something when u got 50 and move SL?
I don't want a job, i want money!
  • #18,569
  • Sep 16, 2011 3:36am Sep 16, 2011 3:36am
any1 know a good blog where u can keep chart and analysis all in one place but reliable
  • #18,570
  • Sep 16, 2011 3:43am Sep 16, 2011 3:43am
Quoting dario1002
ONLY 1 LOT? if i was trading only 1 lot with 300 pips SL i would be shitting my pants already.. and considering my new diet, that wouldn't be cute at all!!
Come on, you know that all the stops I place are emergency stops, in case of the WTF moments, like the SNB intervention recently.
Usually I will get out at the first sight of trouble (ie invalidated chart patters, s/r levels)

Look at my cable buy yesterday had over 150 pips stop at 2 lots, I got out at 50 pips loss today.
Thank You
  • #18,571
  • Sep 16, 2011 3:43am Sep 16, 2011 3:43am
Quoting wormboy
Yes bit more clarity on euro at the moment.
Hourly close on cable will be telling, a strong bearish close & I'd gather it'll push down. Always a safer bet to go with the major trend when the i/d trend lines up for you.
Agree
Attached Image (click to enlarge)
Click to Enlarge Name: GU_EU_1H.GIF Size: 185 KB
Ghost Rider - WWTBMD?
  • #18,572
  • Sep 16, 2011 3:45am Sep 16, 2011 3:45am
Quoting dario1002
can i ask u why, giving the market conditions, didn't get at least something when u got 50 and move SL?
I took the trade based on the hourly, I won't use the m5 to watch my trade & use the spike to cover my position. I very seldom do that. That's just impulsive.

If you trade from the daily, would you let price action on the m5 dictate your trade management?
Thank You
  • #18,573
  • Sep 16, 2011 3:52am Sep 16, 2011 3:52am
Quoting wormboy
I took the trade based on the hourly, I won't use the m5 to watch my trade & use the spike to cover my position. I very seldom do that. That's just impulsive.

If you trade from the daily, would you let price action on the m5 dictate your trade management?

hmmm of course not... that's obvious... i just recon it's been some months since cable really behaves like a bitch... and it's been not long time ago that we saw the "best" strategy was to cover as soon as we get a decent amount of pips...
Not trying to be a smart ass here, but really cable is at a crossroad now so i think the best strategy is to get what u can and as soon as u can, at least cover your ass...
I don't want a job, i want money!
  • #18,574
  • Sep 16, 2011 3:56am Sep 16, 2011 3:56am
Quoting dario1002
hmmm of course not... that's obvious... i just recon it's been some months since cable really behaves like a bitch... and it's been not long time ago that we saw the "best" strategy was to cover as soon as we get a decent amount of pips...
Not trying to be a smart ass here, but really cable is at a crossroad now so i think the best strategy is to get what u can and as soon as u can, at least cover your ass...
If you're talking about scalping then yes I agree.
I wasn't scalping yesterday.

Forget it, a loss is a loss. It's not my first, won't be my last. I'll deal with it
Thank You
  • #18,575
  • Edited 4:13am Sep 16, 2011 3:58am | Edited 4:13am
Quoting dario1002
hmmm of course not... that's obvious... i just recon it's been some months since cable really behaves like a bitch... and it's been not long time ago that we saw the "best" strategy was to cover as soon as we get a decent amount of pips...
Not trying to be a smart ass here, but really cable is at a crossroad now so i think the best strategy is to get what u can and as soon as u can, at least cover your ass...

i dont believe in this..honestly, u have to eliminate fear from yur trading..if u enter and cover straight..i can almost bet u have to enter 10 times..in the right direction get stop 9 times b4 it freaking goes where u want

and it shows yur afraid of being stopped, lack of confidence and frankly speaking imho cannot lead to success long term (me feel)

brokers love this type of trading..spread make them richer

wormie has perfect balance cause over a period of time he can read PA great..look at what that sum bitch can do on a 5 minute chart

Quoting wormboy
If you're talking about scalping then yes I agree.
I wasn't scalping yesterday.

Forget it, a loss is a loss. It's not my first, won't be my last. I'll deal with it

edit:- oh yes scalping my bad yes then i agree
  • #18,576
  • Sep 16, 2011 4:02am Sep 16, 2011 4:02am
Quoting nAVIN2007
i dont believe in this..honestly, u have to eliminate fear from yur trading..if u enter and cover straight..i can almost bet u have to enter 10 times..in the right direction get stop 9 times b4 it freaking goes where u want

and it shows yur afraid of being stopped, lack of confidence and frankly speaking imho cannot lead to success long term (me feel)

brokers love this type of trading

wormie has perfect balance cause over a period of time u can read PA great..look at what that sum bitch can do on a 5 minute chart


edit:- oh yes scalping...

to tell the truth i wasn't talking about scalping.. and by "decent amount of pips" i meant something like 50 ... not 10.

Anyway... let's move on...
I don't want a job, i want money!
  • #18,577
  • Sep 16, 2011 4:08am Sep 16, 2011 4:08am
Quoting dario1002
to tell the truth i wasn't talking about scalping.. and by "decent amount of pips" i meant something like 50 ... not 10.

Anyway... let's move on...
am talking from when i first started, if u look a my journal..i used to enter, within 1 minute of being in the trade..i woud exit..i was so scared of the market honestly i cannot believe today

i will say actually im wrong there is a place where u can do this and be amazingly profitable but requires perfect execution..basically trendline bounces in theory..i say that cause all the friggin feeds are different so i aint sure i trust trendlines completely

looks a good one
Attached Image (click to enlarge)
Click to Enlarge Name: cable1.jpg Size: 105 KB
  • #18,578
  • Sep 16, 2011 4:12am Sep 16, 2011 4:12am
And without being disrespectful, don't forget the account size is also relative to your psychological management. Had I placed $100/pip on a 300 pips stop, I probably will be shitting bricks too dario.
Thank You
  • #18,579
  • Sep 16, 2011 4:13am Sep 16, 2011 4:13am
probably won't leave the room either
Thank You
  • #18,580
  • Sep 16, 2011 4:16am Sep 16, 2011 4:16am
Quoting wormboy
And without being disrespectful, don't forget the account size is also relative to your psychological management. Had I placed $100/pip on a 300 pips stop, I probably will be shitting bricks too dario.

that is yip very true
24 traders viewing now