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The WoRmHoLe

  • #22,721
  • Mar 6, 2012 7:46am Mar 6, 2012 7:46am
Quoting dario1002
is there a H&S i see on GU ?
unfortunately i think so..man this trade im in is seriously looking like i may be in it for another 6 months perhaps more

aint liking this one
  • #22,722
  • Mar 6, 2012 8:02am Mar 6, 2012 8:02am
bullish formation on UCAD
Attached Image (click to enlarge)
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Money is the result derived from the execution of a skillset
  • #22,723
  • Mar 6, 2012 8:05am Mar 6, 2012 8:05am
Quoting nAVIN2007
unfortunately i think so..man this trade im in is seriously looking like i may be in it for another 6 months perhaps more

aint liking this one
dude... don't be like this...
My trading day is over already... no need to push it further for now, so now it's time to fire up my xbox and shoot at some mothafucka!!

meanwhile, here it is something to cheer you up

Inserted Video
I don't want a job, i want money!
  • #22,724
  • Mar 6, 2012 8:18am Mar 6, 2012 8:18am
Quoting nAVIN2007
unfortunately i think so..man this trade im in is seriously looking like i may be in it for another 6 months perhaps more

aint liking this one
well i dont know what are u up to, but there is a saying.

Its not about the money, Its about the game..

Holding trade for years? why not play short term?
  • #22,725
  • Mar 6, 2012 9:04am Mar 6, 2012 9:04am
Quoting mloistianto
well i dont know what are u up to, but there is a saying.

Its not about the money, Its about the game..

Holding trade for years? why not play short term?

well it got to a point where..i thought it may go down but if it was wrong id have finished myself off..im working in the day, just today is day off..so i cant monitor the trade for exit which causes a problem..

anyway..i can wait..i have done so, so far..

cheers dario.. (really nice to see u reading the market so well)
  • #22,726
  • Mar 6, 2012 9:46am Mar 6, 2012 9:46am
Quoting nAVIN2007
well it got to a point where..i thought it may go down but if it was wrong id have finished myself off..im working in the day, just today is day off..so i cant monitor the trade for exit which causes a problem..

anyway..i can wait..i have done so, so far..

cheers dario.. (really nice to see u reading the market so well)
well.. either way, good luck for your trade and your work.
  • #22,727
  • Mar 6, 2012 9:19pm Mar 6, 2012 9:19pm
Salam Wormboy,

I want to ask you about 2 things. I observe that you use pivot points a lot I use them too and really like it. What are the other indicators that you use? Can you teach me some?

Second and most important, how do you pay tax in Malaysia? Is it based on capital gain? How much is the tax %? I'm Malaysian and 21 years old. I live in Johor. I'm new to this forex world. Thanks in advance for your help. Sorry to disturb you.

karim
  • #22,728
  • Mar 6, 2012 10:59pm Mar 6, 2012 10:59pm
Hello, how is everybody doing in here? Anyway what pairs are u guys talking about here?

cheers
I trade to live
  • #22,729
  • Mar 7, 2012 1:19am Mar 7, 2012 1:19am
Slow day..
  • #22,730
  • Mar 7, 2012 1:20am Mar 7, 2012 1:20am
morning ladies...

anybody doing anything? i am still flat all over the place. On several pairs (all related to usd), i can see that price is standing right on a S/R place, waiting for dollar to explode. I am watching carefully USDCAD, as we are scratching a daily HTL right after 3 white soldiers. If we break it that might let me switch my intention to go to US for Canada
I don't want a job, i want money!
  • #22,731
  • Mar 7, 2012 1:35am Mar 7, 2012 1:35am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Morning Mario,

Well, euro has been quite stable bizzarely and to think of eurozone has been the cause of chaos!! I am not sure where the market intends to go. If this was real panic, euro would have tank'd..I was long but thinking of closing my position now will see how it goes today.

Quoting dario1002
morning ladies...

anybody doing anything? i am still flat all over the place. On several pairs (all related to usd), i can see that price is standing right on a S/R place, waiting for dollar to explode. I am watching carefully USDCAD, as we are scratching a daily HTL right after 3 white soldiers. If we break it that might let me switch my intention to go to US for Canada
  • #22,732
  • Mar 7, 2012 5:13am Mar 7, 2012 5:13am
Quoting wormboy
stop amended.

1. short @3330 sl @3300 (3.0)

stop amended.

1. short @3330 sl @3200 (3.0)
Thank You
  • #22,733
  • Mar 7, 2012 5:49am Mar 7, 2012 5:49am
Quoting PhAnTi'
sell this fucker? hmmm

Attachment
looks ok so far

Attached Image (click to enlarge)
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Hero calls followed by margin calls...
  • #22,734
  • Mar 7, 2012 5:54am Mar 7, 2012 5:54am
Closed @ 1.3121
  • #22,735
  • Edited 6:34am Mar 7, 2012 6:22am | Edited 6:34am
Taking a reversal here. for weekly support, and short seems losing its momentum.

Buy EU @ 1.3123 0.8 Lot

Sl Will Adjusted Later.

Dump it, doesnt look good. @ 1.3104..

Done for today i Guess.
  • #22,736
  • Mar 7, 2012 6:47am Mar 7, 2012 6:47am
Rejection at the ltl retest earlier, cue sell the rallies till a proper reversal pattern appears.

Good luck.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: euh1b.gif Size: 25 KB
Thank You
  • #22,737
  • Mar 7, 2012 6:50am Mar 7, 2012 6:50am
Quoting Karim2
Salam Wormboy,

I want to ask you about 2 things. I observe that you use pivot points a lot I use them too and really like it. What are the other indicators that you use? Can you teach me some?

Second and most important, how do you pay tax in Malaysia? Is it based on capital gain? How much is the tax %? I'm Malaysian and 21 years old. I live in Johor. I'm new to this forex world. Thanks in advance for your help. Sorry to disturb you.

karim
Wsalam karim

Just trendlines & s/r levels. Occasionally macd divergences to spot weakness/ strength. That's about it.

I'm sorry I don't teach, I'm no guru. I only discuss potential or actual trades when they're taken. If you want, you can go through the thread from the beginning, I've discussed trades taken & some other traders did too.
Thank You
  • #22,738
  • Mar 7, 2012 6:56am Mar 7, 2012 6:56am
I would like to add karim, if you really are new to trading, stay away from indicators.
Study candlestick pattern instead & start trading from the higher timeframe, ie the daily & the h4. Ignore everything else. If you can't make money consistently every month trading the higher timeframes, there is no way you can make a living trading the lower timeframes.
That's my advise to you.

Good luck.
Thank You
  • #22,739
  • Mar 7, 2012 7:18am Mar 7, 2012 7:18am
Quoting wormboy
Wsalam karim

Just trendlines & s/r levels. Occasionally macd divergences to spot weakness/ strength. That's about it.

I'm sorry I don't teach, I'm no guru. I only discuss potential or actual trades when they're taken. If you want, you can go through the thread from the beginning, I've discussed trades taken & some other traders did too.
could u share the effectiveness or difference between normal divergence using stoch with macd divergence? i'd rather have an explanation based on your experience.

thanks mate.
  • #22,740
  • Mar 7, 2012 7:26am Mar 7, 2012 7:26am
Quoting wormboy
I would like to add karim, if you really are new to trading, stay away from indicators.
Study candlestick pattern instead & start trading from the higher timeframe, ie the daily & the h4. Ignore everything else. If you can't make money consistently every month trading the higher timeframes, there is no way you can make a living trading the lower timeframes.
That's my advise to you.

Good luck.
Wormie what are your thoughts on USD/CAD? is it three white soldiers pattern I see on the daily?
Money is the result derived from the execution of a skillset
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