Trading with Deadly Accuracy | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Time action momentum trading 90%+ accuracy 0 replies

Acceptable Accuracy Ratio for Profitable trading 29 replies

Trading with Coinflip Accuracy!! 29 replies

historical data accuracy puzzlement. 1 reply

accuracy problems or stable market 0 replies

Attachments: Trading with Deadly Accuracy
Exit Attachments

Trading with Deadly Accuracy

  • #101
  • Nov 20, 2009 6:26am Nov 20, 2009 6:26am
A picture should paint a thousand words. So heres two thousand.


Using multiple time frames gives a lot more clarity. I've drawn circles around the the points that look like false breaks. I've boxed the candle that looks like the origin of the breakout.

(Note the double top, pull back and down trendline)

I'll be watching the 143.20 level if price reaches there. We may also have an upward tl to confirm support.
Attached Image (click to enlarge)
Click to Enlarge Name: gy1.gif Size: 49 KB
  • #102
  • Nov 20, 2009 6:59am Nov 20, 2009 6:59am
Entry and Exit already answered on post 32
Must have missed it the first time
  • #103
  • Nov 20, 2009 7:40am Nov 20, 2009 7:40am
Keep it comming...............I've been trading this method along with order flow bids and offers..........................
EU currently at sell, Retest of 1.4850/64 selling zone
also,, double tops and double bottoms. suggests price retest.....
good job

GU price levels sell retest 1.6516
eu sell 1.4850/60
  • #104
  • Nov 20, 2009 8:34am Nov 20, 2009 8:34am
Potential for a long on gu at market 16470 as i speak. Its slightly higher risk then my usual entry. I see support at 6435.

Going against the grain here. But there is good chance of intraday snap back.

Working on the chart now. I'll post in a few minutes.

For more conservative entry wait for upward break of hourly.
  • #105
  • Nov 20, 2009 8:42am Nov 20, 2009 8:42am
note the same ltl as yesterdays trade holding the price.

i'll explain about the coloured box later.
Attached Image (click to enlarge)
Click to Enlarge Name: gu55.gif Size: 17 KB
  • #106
  • Nov 20, 2009 9:16am Nov 20, 2009 9:16am
I will halve the trade by 50-60 pips and lock sl 10 below par. Target 166+ to bring us back in to the chop zone. Its always good to be ambitious on a Friday.
  • #107
  • Nov 20, 2009 9:28am Nov 20, 2009 9:28am
sell point on ES 1091.25 TP 1074.00

Sell point on GU 1.6516 tp 1.6400 and 1.6300

Sell point on EU 1.4860sss tp 1.4645
  • #108
  • Nov 20, 2009 10:01am Nov 20, 2009 10:01am
Anyone long cable, nice 4hr pin and possible price target...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: guh1.jpg Size: 110 KB
Click to Enlarge Name: guh4.jpg Size: 94 KB
  • #109
  • Nov 20, 2009 10:49am Nov 20, 2009 10:49am
Position halved at 50 pips. Moved sl to 6450 (25 below par).

007: i thought i was late calling it. the pics are for you buddy.

Took the bounce from same lower trend line that netted pips yesterday. Because of the way price accelarated toward it, had to wait for pa to show it was going to hold.

Somethings i saw on the hourly gave me confidence, see if you guys can spot it. It doesn't happen every day, but when it does u can make bumper pips.

So i lifted the flap and pushed the button.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gutl.gif Size: 16 KB
Click to Enlarge Name: gu66.gif Size: 19 KB
  • #110
  • Nov 20, 2009 10:59am Nov 20, 2009 10:59am
WMD,
Trying to answer your question on the GU chart.

What should have happened but didn't? I think since the area on the left was not tested early as support, a bounce of some kind was expected but price just busted that level and went down to the next level just below.

Pretty soon, thanks to you, I might ditch the fib tool that I'm so dependent on.

Gracias!
  • #111
  • Nov 20, 2009 11:44am Nov 20, 2009 11:44am
Yeah I got in abit late, didnt see you called it earlier but saw another entry and took something out of it, want to get in right from the start next time...

Good weekend to all...and hope next week we can clean up...


Quoting wmd
Position halved at 50 pips. Moved sl to 6450 (25 below par).

007: i thought i was late calling it. the pics are for you buddy.

Took the bounce from same lower trend line that netted pips yesterday. Because of the way price accelarated toward it, had to wait for pa to show it was going to hold.

Somethings i saw on the hourly gave me confidence, see if you guys can spot it. It doesn't happen every day, but when it does u can make bumper pips.

So i lifted the flap and pushed the button.
  • #112
  • Edited 1:00pm Nov 20, 2009 12:38pm | Edited 1:00pm
Quoting oneuniverse
this could grow as one of the best threads on price action
I think you're right!

Have a great weekend, people!


BTW: I really like the Hook vs. Swoosh description on post 66.
Makes good sense in terms of helping to see which side is in
control.
  • #113
  • Nov 20, 2009 3:36pm Nov 20, 2009 3:36pm
Nice thread....


Just wanted to add that..

V
  • #114
  • Nov 20, 2009 5:37pm Nov 20, 2009 5:37pm
Quoting denverdude
WMD,
Trying to answer your question on the GU chart.

What should have happened but didn't? I think since the area on the left was not tested early as support, a bounce of some kind was expected but price just busted that level and went down to the next level just below.

40 hours of cold turkey to go, so may as well get philosophical.

What should have happened is a reaction. It doesn't need to be big. It doesn't need to reverse the momentum of the whole day. But it does need to react.

Why would the market punish anyone for buying at support?

You will find that what should have happened will happen. Just a little bit later on.
  • #115
  • Edited 6:48pm Nov 20, 2009 6:46pm | Edited 6:48pm
TWDAM is great. Have a nice w/end all. Looking forward to Monday and taking some pips
Thanks WMD
  • #116
  • Nov 21, 2009 1:18am Nov 21, 2009 1:18am
Quoting wmd
You will find that what should have happened will happen. Just a little bit later on.
Very nice tidbit of truth there!
  • #117
  • Nov 21, 2009 7:10am Nov 21, 2009 7:10am
Quoting Sigma Trades
sell point on ES 1091.25 TP 1074.00

Sell point on GU 1.6516 tp 1.6400 and 1.6300

Sell point on EU 1.4860sss tp 1.4645
Dear Sigma Trades,

May I know which order flow data source you are using?
Thank you very much.

Best regards,
Nothing

PS. Great thanks to wmd for this wonderful thread.
  • #118
  • Nov 21, 2009 9:13pm Nov 21, 2009 9:13pm
Quoting wmd
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.
This explains a lot about my preference for larger time frames.

Quoting wmd
As you can see from the charts, entering in to these trade requires patience. Sometimes it can take days and weeks for these levels to be tested. So when you are in the trade, excercise equal patience by holding on to it and you shall not fail to be rewarded.
I would like to believe that the long entry on Eur/Usd on August 2nd 2009 at 1.4338 is a testament to that patience. Had I not waited, I would have exited in Mid-August and it would have been hurtful.

WMD, Good thread. I may have missed it but I would like you to elaborate on your exit strategy.

Other than that, I plan on being an active lurker in this thread
Not all sins are created equal
  • #119
  • Nov 22, 2009 3:24am Nov 22, 2009 3:24am
http://www.imgphase.com/upload/img/7...c0143b5d4f.png
  • #120
  • Nov 22, 2009 4:01am Nov 22, 2009 4:01am
The hook concept is simply, break retest and continuation....
for marekt to move in one direction all supply or demand must be removed from the float.
2 traders viewing now