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Attachments: Trading with Deadly Accuracy
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Trading with Deadly Accuracy

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  • First Post: Edited Mar 13, 2017 12:24pm Nov 16, 2009 9:06am | Edited Mar 13, 2017 12:24pm
  •  wmd
  • | Commercial Member | Joined Apr 2009 | 418 Posts
Gentlemen, lend me your ears...

I have been trading forex now for longer than i can care to remember. For a long time i have lived and breathed the markets. There's nothing more entertaining then watching price movement live on your screen. If i have a choice between euro/chf (arguably the worlds most boring instrument to trade) and a world cup final, i would choose my charts. Trading forex is my only vice, and i love it.

If you watch the charts for as long as i have, sure enough you will start to notice certain things about the way price moves. Some of the things you notice involve a few candles, may be just 2 or 3. Some of the things you notice involve hundreds of candles. You notice these chart patterns repeat again and again. Some times the outcome of these movements is no different to the coin toss. Sometimes the outcome can be predicted with 'high probability'.

Well what i will be discussing here is non of the above.

What i will be discussing are chart patterns that work each time, every time, with 100% deadly accuracy.

----

Many trading texts are devoted to the theme of what makes a successful trader, their qualities, attributes and anecdotal evidence linking a 3 mile run before breakfast to an 8% increase in equity before lunch. I’ve always been more interested in what makes a successful trade, its qualities and attributes.

The game is called investing. Its not a game dependent on the roll off die. It’s a strategy game which requires thought. It’s the quality of the judgement that we pass that determines the outcome.

Just like footballers and boxers have rituals they perform before stepping out on to the pitch or in to the ring; buyers and sellers have rituals which they perform before stepping in to the abyss.

Like the drama of a wrestling match, chests are raised, chairs are thrown and ears bitten.

Sometimes it KO from the word go and other times its trench warfare.

Price action is a construct of buyer and seller behavior.

So when analysing the charts, look for those rituals. Trying to decipher them, give them meaning.

Some times those rituals evolve, like adding or removing a few steps from a dance, but their significance remains.

The one who gives meaning to it gains more from then the casual observer.

Every movement means something, even if its just a single candle.

You won’t trade every candle, but you should always have an idea of what it means.

----

Rough Guide to the Deadly Thread:

1. How to look at a chart.
2. How price moves (part 1 - v/d/s - c/r).
3. How price moves (part 2 - b/s/r).
4. Spotting the setup - untested s/r.
5. Entry and exit.
6. Secondary support, trend lines and channels.
7. Reversal patterns.
8. The importance of thinking.
9. Sam (Simple Accuracy Method or Deadly's Lil Sister)

Don't worry, the following posts will have more pictures then words so we shall get to the point very quickly.

----

If the pics don't make sense we got vids for generation-Z:

how price moves 101 post #1299
how price moves 102 post #1300
trendy lines post #1301
line hold n break post #1302
theory to action post #1303

----

Loads and loads of trade examples... eventually the penny drops

----

If you want to share notes my Skype id is wmd4xx .

My email address is [email protected]

Follow me on Twitter www.twitter.com/wmd4x


----

All the important info from this thread, pattern scrap book, details of my trading room and more all in one place:
www.wmd4x.com

-----
We interrupt this post for a short commercial break...

There is no secret to it or magic. There is no Midas touch.

Its just about knowing what to look for and how to maximize the opportunities that present themselves.

Since starting the Wmd4x project I have produced over 50 hours of videos detailing the practical application of this timeless method & delivered 100's of hours of analysis in our AM briefs.

Sign up here, its FREE to register: http://www.wmd4x.com/


-----


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  • Post #2
  • Quote
  • Nov 16, 2009 9:14am Nov 16, 2009 9:14am
  •  CaNaRyTraDeR
  • | Joined Nov 2009 | Status: Member | 31 Posts
Let me tell you that the only pair it gives me some profit in live account, is the EURCHF in Asian Market... I´m very interested on this pair... Keep on explaining!
1
 
  • Post #3
  • Quote
  • Nov 16, 2009 9:18am Nov 16, 2009 9:18am
  •  denverdude
  • | Joined Apr 2008 | Status: Member | 198 Posts
Quoting wmd
Disliked
4. Spotting the setup with a naked eye.
Ignored
I thought everyone use their eyes to spot setups. I do wear glasses

Does anyone use other instruments like telescope, binocular etc to spot setups

I guess you intended to say naked charts

Anyway, waiting to read what you have to say
1
 
  • Post #4
  • Quote
  • Nov 16, 2009 9:18am Nov 16, 2009 9:18am
  •  Jack Herer
  • | Joined Oct 2008 | Status: hit the road, Jack. | 500 Posts
looking forward to your posts
1
 
  • Post #5
  • Quote
  • Nov 16, 2009 9:19am Nov 16, 2009 9:19am
  •  DubaiTrader
  • | Commercial Member | Joined Jun 2009 | 358 Posts
Sounds interesting but I do hope you know nothing is 100% accurate, right?

Anyway, I'll hear what you have to say.
1
 
  • Post #6
  • Quote
  • Nov 16, 2009 9:20am Nov 16, 2009 9:20am
  •  bphone
  • | Joined Apr 2008 | Status: Member | 40 Posts
pleas continue!
1
 
  • Post #7
  • Quote
  • Nov 16, 2009 9:22am Nov 16, 2009 9:22am
  •  cce
  • | Joined Apr 2007 | Status: Member | 466 Posts
So...dish already!!!
I get exercise just pushing my luck
1
 
  • Post #8
  • Quote
  • Nov 16, 2009 9:22am Nov 16, 2009 9:22am
  •  J-r
  • | Joined Sep 2008 | Status: Member | 32 Posts
If you are indeed a trader, you should know that "100% deadly accuracy" is 100% rubbish.

-JR
Be happy, be humble.
1
1
  • Post #9
  • Quote
  • Nov 16, 2009 9:34am Nov 16, 2009 9:34am
  •  ALThau
  • | Joined Aug 2007 | Status: I play | 676 Posts | Invisible
There is always room for improvement.
So...I'm all ears (eyes, naked ones ;0)
1
 
  • Post #10
  • Quote
  • Nov 16, 2009 9:44am Nov 16, 2009 9:44am
  •  zeCarvalho
  • | Joined Sep 2009 | Status: Member | 68 Posts
we are always learning every day that passes, the crossing of information is always welcome to our growth, apply them and win ...
let's learn ... continues
1
 
  • Post #11
  • Quote
  • Nov 16, 2009 9:47am Nov 16, 2009 9:47am
  •  blevy
  • | Joined Nov 2009 | Status: Junior Member | 1 Post
Would like to learn more. Thank you Brad
1
 
  • Post #12
  • Quote
  • Edited at 12:16pm Nov 16, 2009 9:54am | Edited at 12:16pm
  •  wmd
  • | Commercial Member | Joined Apr 2009 | 418 Posts
Zooming out tells you a lot more about the price then zooming in.

Change your perspective.
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  • Post #13
  • Quote
  • Nov 16, 2009 9:55am Nov 16, 2009 9:55am
  •  ozzieb88
  • | Joined Mar 2009 | Status: Member | 399 Posts
OoOoOo

Waiting!
1
 
  • Post #14
  • Quote
  • Nov 16, 2009 10:28am Nov 16, 2009 10:28am
  •  wmd
  • | Commercial Member | Joined Apr 2009 | 418 Posts
Price moves Vertically then Diagonally or Horizontally after which you can expect a Continuation or Reversal.

Vertical moves define trend. Diagonal moves continue with the momentum. Horizontal moves consolidate the conquest.
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  • Post #15
  • Quote
  • Nov 16, 2009 10:43am Nov 16, 2009 10:43am
  •  Islander
  • Joined Jan 2007 | Status: Member | 11,550 Posts
Hi WMD - I guess that now that Blair and Bush have gone, you've come out of hiding and this time are taking on The Brokers...........I look forward to your posts and will keep dropping in as time permits....
Cheers
Trading Levels with WRBs & Aggressive, Volatile Volume
1
 
  • Post #16
  • Quote
  • Nov 16, 2009 10:53am Nov 16, 2009 10:53am
  •  ivila
  • | Joined Sep 2009 | Status: Junior Member | 4 Posts
Very interesting, I'm always looking forward to hear some trading experiences or strategies.

Keep going with this post
1
 
  • Post #17
  • Quote
  • Nov 16, 2009 11:05am Nov 16, 2009 11:05am
  •  solvers12
  • | Joined Aug 2009 | Status: solvers12 | 8 Posts
I definitely want to learn more. Does the same price movement occur on any timeframe (5 min and 15 min)?
1
 
  • Post #18
  • Quote
  • Nov 16, 2009 11:24am Nov 16, 2009 11:24am
  •  wmd
  • | Commercial Member | Joined Apr 2009 | 418 Posts
Quoting solvers12
Disliked
I definitely want to learn more. Does the same price movement occur on any timeframe (5 min and 15 min)?
Ignored

You will see the same movement on every time frame. However, the chart patterns we will come to have more significance and are easier to see visually on higher time frames.
 
1
  • Post #19
  • Quote
  • Nov 16, 2009 11:32am Nov 16, 2009 11:32am
  •  Scratch99
  • | Joined Oct 2009 | Status: Member | 76 Posts
Deadly accurace or not, I want to learn more. Already have learned from your first screen. Give me more please.
1
 
  • Post #20
  • Quote
  • Nov 16, 2009 11:34am Nov 16, 2009 11:34am
  •  wvehoven
  • | Joined Mar 2009 | Status: Lady Forex Gump | 47 Posts
Loved the intro. 100%accuracy is a little over the top I guess but a "naked" trading thread, just starting out...... I woudn't miss it!
Wendy
1
 
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