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  • #721
  • Edited 9:33am Mar 19, 2009 9:09am | Edited 9:33am
Quoting wwwin
New power levels are 150 pips away after a sustained breakout. I guess they won't trade for 2 weeks, and miss a nice uptrend..it's illogical to wait 2 weeks to make 20 pips when you can make 500 pips in 2 days, and much more if you can stand some fluctiation in profits, are not overleveraged, and have patience to ride it to 1.400 and beyond.
Well as expected, our boy waited and waited for a power level that was not to be to enter the trend. Now he made his crowd miss another 150 pip move. 650 and counting.
You see, history repeats itself. Last time the feds did some QE, the move was about 1700 w/o any major retrace. Technicals and Fundamentals were aligned, and that's is a beautiful thing. And as Angler mentioned, 2 more counter trend power levels to go short busted, hello and goodbye power levels, I am sprinting by.
  • #722
  • Mar 19, 2009 10:36am Mar 19, 2009 10:36am
Topside failure of not reaching 1.3750..caution advised..tightening stops to 1.3667 to lock nice profits...anything above form here is frosting on the cake...let's see if a great dessert is forthcoming....time to relax....we shall see.
  • #723
  • Edited 2:10pm Mar 19, 2009 11:53am | Edited 2:10pm
http://www.forexfactory.com/showpost...&postcount=299

http://www.forexfactory.com/showpost...&postcount=297

Very efficient power grid. Good job in switching power around..that was a power level to short not to buy, given 7 hours ago while price was well below that level at about 1.3460, but all is well that ends well. A good lesson, broken and busted power level to sell now becomes support? Maybe not for long. I am flat for now as per preview post on stop to protect profits. Did not like topside failure to reach 1.3750.

CONCLUSION:

Your guide to 100% winning %.
1. Post only hindsight trades.
2. Create confusion when power levels busted.

wwwin
  • #724
  • Edited 3:47pm Mar 19, 2009 3:18pm | Edited 3:47pm
Quoting Angler
hi all..


well so much for the level....1.3584.....shot thru it by about 50+pips..

and while waiting for a bounce from that level and higher....you miss out on a 100+ pip move up...


Update.....jst shot thru the 1.3636 to 1.3666 region by about 20 pips......

But lets face it..he will say he would not have taken the first trade but took/ or would have taken the second....even though it went through the entire range and out the other side.....
No Angler...when a power level short circuits, you switch from AC to DC power...that way short signals become long entries...get it? 100% winning %.
This video shows you how is done.
Inserted Video
  • #725
  • Edited 5:09pm Mar 19, 2009 4:42pm | Edited 5:09pm
hi all...


Well it seems they take trades that are not Power levels now.....just because the price stopped at that level twice.....I would like to see them apply that rule across the board....But notice its the 2 new people having winning trades...nobody else is showing there head above the dust. and they are doing the same as WisdonFX.......declaring there Hindsight trades..

Oh oh they also take breaks of levels....as wwwin pointed out

The reality is there will be no credibility in that thread till there are a few live calls......and thats a simple fact......


WWWIN...please dont put AC/DC in the same sentence as that thread....hahah
  • #726
  • Edited 6:51pm Mar 19, 2009 6:13pm | Edited 6:51pm
Quoting Angler
hi all...

...WWWIN...please dont put AC/DC in the same sentence as that thread....hahah...
Sorry, forgot you were Australian...but I think it is appropriate....

Inserted Video


or

Inserted Video
Attached Image
  • #727
  • Mar 19, 2009 7:37pm Mar 19, 2009 7:37pm
http://www.forexfactory.com/showpost...&postcount=301

...tell me lies but hold me tight...

Inserted Video
  • #728
  • Mar 19, 2009 7:56pm Mar 19, 2009 7:56pm
hi all...


well wwwin....I am thinking we leave this alone now...nobody is following him and as I said until he starts posting live trades the thread has no credibility..

As shown by the lack of traders looking at the thread....
  • #729
  • Mar 19, 2009 8:00pm Mar 19, 2009 8:00pm
Quoting Angler
hi all...


well wwwin....I am thinking we leave this alone now...nobody is following him and as I said until he starts posting live trades the thread has no credibility..

As shown by the lack of traders looking at the thread....
AGREED, total waste. If they want to believe that 1.3636/66 were long signals instead of PL to short from, as originally posted, then let them keep learning the method. Too bad, I was having a good time enjoying some music. LOL
  • #730
  • Mar 19, 2009 9:23pm Mar 19, 2009 9:23pm
after taking profits earlier, just took another long position, 30 lower than profit level

bought eurusd 1.3637
stop 1.3593
take profit 1.3825

looks like ready for another run
  • #731
  • Mar 20, 2009 4:48pm Mar 20, 2009 4:48pm
hi all...


Congrats on the trade WWWIN........win, lose or breakeven it shows credibility in your trading, how easy would it have been for you to just post on here that you closed for a profit without the trade call .....Good work
  • #732
  • Mar 20, 2009 4:51pm Mar 20, 2009 4:51pm
Quoting Angler
hi all...


Congrats on the trade WWWIN........win, lose or breakeven it shows credibility in your trading, how easy would it have been for you to just post on here that you closed for a profit without the trade call .....Good work
agreed.


Sorry i haven't been active on this thread/forum at all recently.
  • #733
  • Edited 10:45pm Mar 20, 2009 9:57pm | Edited 10:45pm
Well thank you Jwentro and Angler, I could easily tell you that once in the profit I moved the stop to BE, or even that I took good profits as at one time it was up about 88 pips. The high was around dawn my time, so I was sleeping. The fact is that I had a good week and I had a very tight stop on this one, so before I went to sleep, I was about 30 up, but left the stop were it was set initally, therefore I got stopped out at -44 pips overnight. No harm done. What is good for the goose is good for the gander. The night before last I left a long position open and it went up 230 pips just overnight, so I am not complaining. I could have placed a trailing stop, but I find that sometimes that limits your profits. Had I been trading scare, and moving stops too early, I would not have made the overnight 230 and would not have lost the 44. Net positive result in not moving stops too early. Therefore, not complaining at all. I find that if your aim is winning % or not having losing trades at all, that over the long run you cut your winners too early, and end up making less net on average. I don't mind taking small losses if I have nice winners. My aim is net profits not winning %. The only way to have 100% winners is to lie and as you well know, hindsight is always 100% correct. I see the new object of our affection is posting that I took that trade based on his power levels. That is real funny. Don't flatter yourself Mr. Wisdom, I cannot tell anymore if they are PL to sell a bounce or PL to buy a bounce. What they are is determine by what happens afterward. Anyways, let's see what happens next week.
  • #734
  • Mar 21, 2009 1:23am Mar 21, 2009 1:23am
hi all..

Yes you are right....a high wwwin rate is not needed ....and is mostly required by scalpers...A win/ loss ratio down in the 35% area can still be very profitable with the right MM behind the trading..and still not be to stressful and no need putting the house on the trades.

And as most traders will tell you....trading with the trend is the way to go, not against it...that just adds an additional risk to the trade that most of us can do without...

Come on WWWIN....he cant keep up that 100% ( which is a documented lie ) winners without seeing where the price goes first...
  • #735
  • Mar 21, 2009 4:45am Mar 21, 2009 4:45am
Quoting Angler
Come on WWWIN....he cant keep up that 100% ( which is a documented lie ) winners without seeing where the price goes first...
heheh -_-, just a fast trip back to the naysayers team !

But I mean... then what journal would be credible anymore? -_-
If you need real-time signals to believe, then the whole journal is useless for you.
I don't think all those people are here to lie us... com' on...
  • #736
  • Mar 21, 2009 4:53am Mar 21, 2009 4:53am
hi all...


well as I have not checked them all.....but I think there are quite a few that post trades either in advance or very soon after entry...

and I dont expect him to do it all day every day....say 2-3 days would be enough.....and you must admit he has had plenty of chance to post a live trade of 2...
  • #737
  • Mar 21, 2009 4:56am Mar 21, 2009 4:56am
Quoting Angler
hi all...


well as I have not checked them all.....but I think there are quite a few that post trades either in advance or very soon after entry...

and I dont expect him to do it all day every day....say 2-3 days would be enough.....and you must admit he has had plenty of chance to post a live trade of 2...
Agreed, because I was thinking in advance how to deal with the naysayers team when I'll open my journal, thanks for the hint.
  • #738
  • Edited 5:16am Mar 21, 2009 5:03am | Edited 5:16am
hi all...


and what do you mean Com' on......how many Journals are claiming 95 -100% success rates...If you want to claim abnormal rates like that....You should be prepared to back it up with live calls.....The big name guys here...like Jacko and such did plenty of live calls when they started out....I also dont think he or the others claimed 95%.....so......

here is another tip....dont write posts like it seems that you are trying to push your system...just post normally like everyone else....
  • #739
  • Edited 6:37am Mar 21, 2009 6:12am | Edited 6:37am
hi all..


Well like I care that he does not post live trades while claiming 95+% wins..

Just means not credible..

This comment proves he just does not have a clue.

"Being Consistent having good win ratio in your trading is the most important thing to be profitable"

Consistant yes...good win ratio no....good MM yes...

He does not have a clue

Ps..."he helps many", that never show up on his thread or contribute to his thread...they all just pm him......convenient that is....lol
  • #740
  • Mar 21, 2009 8:07am Mar 21, 2009 8:07am
Hi all..


The reason wisdomFX does not explain his method in detail including MM is in the following example...

http://www.forexfactory.com/attachme...1&d=1236265330


This had two long trades...1 lot and another with 2 lots, entries 1.2510 and 1.2513
the price moved down to around 1.2481.

THUS he held onto the trade while there was a drawdown of around 93pips in the hope that the trade turned around....and only took profit after an hour of 54 pips.....if thats his example of good MM...well not surprised he does not post live trades.
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