M&W Trading....
This trading model is a free open minden version of Steve Mauros guidlines. NOT SYSTEM
Long= Find a W- pattern below - 20-50 pip the Asian channel ( Wellington opening-London opening ) etc
Short= Find a M- pattern above + 20 -50 pip the Asian channel ( Wellington opening-London opening ) etc
We are not talking about rocket sience, but harmonic trading with typical W and M formations. Gartley, Wolf Wave and 1-2-3 + ABCD are welcome as well.
Everyone is welcome to contribute with ideas and indicators etc.
The trading guidlines is taken from Calderons thread:
1) There is a market pattern you can exploit for morning reversal breakout.
2) Accumulation-during Asian session the high and low of the day is set. Positions get built during this time.
3) Stop hunt- false moves against the real direction. Traders jump in and get trapped.
4) The true trend is slow and steady and takes several hours to cap off.
5) End of day- off of high/low back into consolidation where traders get trapped in consolidation paying rollover.
6) They will burn your account and punish you. This is why you should not trade with the retail traders. Try to pay attention to your charts and watch those breakouts from the range..........these are the moves that trap the herd. When the W or M forms-enter going the opposite way.
7) Never trade in the middle of the range. Short off the top of the range(daily high) or go long off the bottom of the range(daily low).
8) You must watch for the M and W formations near the high and lows for these moves. The cycle begins and ends with consolidation usually in the middle of the range where they can keep the buyers and sellers trapped until they come get your stops.
9) Choppy days are created on pairs to handle the crosses. Market makers work the entire board by moving or holding a major pair. This is how they cause fractional disparity.
VBR:Z
This trading model is a free open minden version of Steve Mauros guidlines. NOT SYSTEM
Long= Find a W- pattern below - 20-50 pip the Asian channel ( Wellington opening-London opening ) etc
Short= Find a M- pattern above + 20 -50 pip the Asian channel ( Wellington opening-London opening ) etc
We are not talking about rocket sience, but harmonic trading with typical W and M formations. Gartley, Wolf Wave and 1-2-3 + ABCD are welcome as well.
Everyone is welcome to contribute with ideas and indicators etc.
The trading guidlines is taken from Calderons thread:
1) There is a market pattern you can exploit for morning reversal breakout.
2) Accumulation-during Asian session the high and low of the day is set. Positions get built during this time.
3) Stop hunt- false moves against the real direction. Traders jump in and get trapped.
4) The true trend is slow and steady and takes several hours to cap off.
5) End of day- off of high/low back into consolidation where traders get trapped in consolidation paying rollover.
6) They will burn your account and punish you. This is why you should not trade with the retail traders. Try to pay attention to your charts and watch those breakouts from the range..........these are the moves that trap the herd. When the W or M forms-enter going the opposite way.
7) Never trade in the middle of the range. Short off the top of the range(daily high) or go long off the bottom of the range(daily low).
8) You must watch for the M and W formations near the high and lows for these moves. The cycle begins and ends with consolidation usually in the middle of the range where they can keep the buyers and sellers trapped until they come get your stops.
9) Choppy days are created on pairs to handle the crosses. Market makers work the entire board by moving or holding a major pair. This is how they cause fractional disparity.
VBR:Z