The WoRmHoLe | Page 1138 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better-than-the-wormhole 555 replies

Attachments: The WoRmHoLe
Exit Attachments

The WoRmHoLe

  • #22,741
  • Mar 7, 2012 9:27am Mar 7, 2012 9:27am
Quoting mloistianto
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.
I remember Azim told to use any of those (MACD, STOCH.... ecc) to look for divergences... he always told that basically it's the same, just to use the one that is more familiar. This once we discussed.
I don't want a job, i want money!
  • #22,742
  • Mar 7, 2012 9:45am Mar 7, 2012 9:45am
Quoting dario1002
I remember Azim told to use any of those (MACD, STOCH.... ecc) to look for divergences... he always told that basically it's the same, just to use the one that is more familiar. This once we discussed.
i see so basically its the same right?

Thanks
  • #22,743
  • Mar 7, 2012 10:03am Mar 7, 2012 10:03am
Well well.. dump it too early..
  • #22,744
  • Mar 7, 2012 3:46pm Mar 7, 2012 3:46pm
I like the look of UCAD strength this week and just took a long on the pullback

sl and tp in the chart
Attached Image (click to enlarge)
Click to Enlarge Name: UCD1.jpg Size: 81 KB
  • #22,745
  • Mar 7, 2012 9:39pm Mar 7, 2012 9:39pm
Again.. I closed my long at the bottom.
  • #22,746
  • Mar 8, 2012 1:46am Mar 8, 2012 1:46am
Quoting chazzle
I like the look of UCAD strength this week and just took a long on the pullback

sl and tp in the chart
dude... i am watching UCAD daily as well... but still didn't long it, considering that we stopped right on the UTL.

will long once and if we break it, otherwise i will stay out of the ugly range
Attached Image (click to enlarge)
Click to Enlarge Name: ucaddaily.jpg Size: 87 KB
I don't want a job, i want money!
  • #22,747
  • Mar 8, 2012 1:59am Mar 8, 2012 1:59am
I'll take this trade just based on weekly and LTL Break..


Short eu @ 1.3174 1 Lot.

Got a support @ 1.3184 and a bearish engulfing candle on H1. Thou, i'm gonna watch it very carefully.
  • #22,748
  • Mar 8, 2012 2:03am Mar 8, 2012 2:03am
Quoting mloistianto
I'll take this trade just based on weekly and LTL Break..


Short eu @ 1.3174 1 Lot.

Got a support @ 1.3184 and a bearish engulfing candle on H1. Thou, i'm gonna watch it very carefully.
dude u gotta stop trading from the hourly chart right before London Open!!!
I don't want a job, i want money!
  • #22,749
  • Mar 8, 2012 2:11am Mar 8, 2012 2:11am
Quoting dario1002
dude u gotta stop trading from the hourly chart right before London Open!!!
Oh okay... even after all this years, i still cant handle my eagerness. Thanks for reminding.
  • #22,750
  • Mar 8, 2012 2:29am Mar 8, 2012 2:29am
Quoting mloistianto
Oh okay... even after all this years, i still cant handle my eagerness. Thanks for reminding.
eh man.. u know i'm not pro.. but the fake at LO got me too many times. So, unless i specifically decide to trade it (which i never do), i learnt not to trade it.
If it helps you consider just this - The fake of LO OFTEN (not always) gives us a fake movement in the opposite direction of the trend. So having a bit more of patience could eventually get u a better entry, eventually a 20-30 pips better entry.
I don't want a job, i want money!
  • #22,751
  • Mar 8, 2012 2:36am Mar 8, 2012 2:36am
Quoting dario1002
eh man.. u know i'm not pro.. but the fake at LO got me too many times. So, unless i specifically decide to trade it (which i never do), i learnt not to trade it.
If it helps you consider just this - The fake of LO OFTEN (not always) gives us a fake movement in the opposite direction of the trend. So having a bit more of patience could eventually get u a better entry, eventually a 20-30 pips better entry.
Its true how LO can be so mean. Well. I have to keep that in mind. Thanks
  • #22,752
  • Mar 8, 2012 3:25am Mar 8, 2012 3:25am
@ LTL. I'll be watching this line carefully. Dump it if it does not hold..

I'm Out Here.

If that LTL break out was a fakey. Then this could continue the bulls,,
  • #22,753
  • Mar 8, 2012 5:36am Mar 8, 2012 5:36am
Quoting wormboy
stop amended.

1. short @3330 sl @3200 (3.0)

Trade stopped.

stopped @3200 (3.0)

Banked $3600 on this trade. Still down $1400 for the month.
Thank You
  • #22,754
  • Mar 8, 2012 6:10am Mar 8, 2012 6:10am
GBP JPY

1. short @129.02 sl @130.4 (1.0)
Thank You
  • #22,755
  • Mar 8, 2012 6:45am Mar 8, 2012 6:45am
Quoting wormboy
GBP JPY

1. short @129.02 sl @130.4 (1.0)

dude, can i an ask for an explanation? i was watching it as well and i see just chance to go long from it, as the huge daily-weekly UTL has been broken and restested.. and it held.
daily and weekly chart below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpydaily.jpg Size: 99 KB
Click to Enlarge Name: gjdaily.jpg Size: 82 KB
I don't want a job, i want money!
  • #22,756
  • Mar 8, 2012 6:50am Mar 8, 2012 6:50am
Quoting wormboy
GBP JPY

1. short @129.02 sl @130.4 (1.0)
Hi wormboy,

Nice trade for euro, with dragon are you looking for a possible HS (neckline area 126.70/60 on H4 with the formation of the second shoulder near 129 ?
Trade with the momentum
  • #22,757
  • Mar 8, 2012 7:21am Mar 8, 2012 7:21am
Dario maybe this :
Attached Image (click to enlarge)
Click to Enlarge Name: dragon h4 080312.gif Size: 17 KB
Trade with the momentum
  • #22,758
  • Mar 8, 2012 8:39am Mar 8, 2012 8:39am
Quoting sailor68
Dario maybe this :
i doubt it's because of this... Azim told million time that a patter is not formed... till it's not! so a H&S is not valid unless the neckline is taken. i suspect it's something about WP or DP... or maybe he had that UTL on a different angulation and price is still yet to break it.

or just he was pissed for the EU trade that came back to his SL, or.... he hear voices.... who knows
I don't want a job, i want money!
  • #22,759
  • Mar 8, 2012 8:49am Mar 8, 2012 8:49am
Quoting dario1002
i doubt it's because of this... Azim told million time that a patter is not formed... till it's not! so a H&S is not valid unless the neckline is taken. i suspect it's something about WP or DP... or maybe he had that UTL on a different angulation and price is still yet to break it.

or just he was pissed for the EU trade that came back to his SL, or.... he hear voices.... who knows
Yes you are right, i remenber it (H&S is not valid unless the neckline is taken), let see his answer.
Trade with the momentum
  • #22,760
  • Mar 8, 2012 8:54am Mar 8, 2012 8:54am
Here's the chart fellas. Good risk reward on this setup.

Broken support, always gets a retest (vice versa). Today was the breakout retest.
Attached Image (click to enlarge)
Click to Enlarge Name: dragond.GIF Size: 9 KB
Thank You
10 traders viewing now