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Trading with Deadly Accuracy

  • #341
  • Dec 6, 2009 5:31pm Dec 6, 2009 5:31pm
Quoting Gucc
to both of you guys,,JR and HDC88 .. all i can say is that both of you is 100% unseccessful traders.. and i know that almost 100%..
Gucc, I agree with your conclusion about these two. I have noticed that in FF, there are always a couple of jackasses who feel the need to act up.
  • #342
  • Dec 6, 2009 5:33pm Dec 6, 2009 5:33pm
Whatever. I'm ok with 51% deadly accuracy.

Keep up the good work, wmd.
  • #343
  • Dec 6, 2009 5:39pm Dec 6, 2009 5:39pm
Yes bro, keep the good work, I'm learning good things here.
  • #344
  • Dec 6, 2009 6:46pm Dec 6, 2009 6:46pm
Quoting metto
Hi wmd,
thank you for this thread, what you doing is really really great

what is your view about this h4 gbpusd chart ?
there is untested support level of the origin of the up move, around 1.61xx
and there is strong support around 1.6270 that has beed tested about 4 times to go there

hi metto,

6270 does look abused. you need to watch momentum on this one. there may be more pips on the way down then up from here.

if 61x doesnt hold it, theres lots of possible levels in the chop zone. 5880 looks interesting. the hook isn't very clear though so not a case for aggressive entry. see how pa plays out.

long term untested support is in the 15350 region where you could look at taking investor positions (and aggresive entry if the price ever reaches there).
  • #345
  • Dec 6, 2009 7:52pm Dec 6, 2009 7:52pm
This thread reads like a good book. I couldn't 'put it down'! Had to read the whole thing in one sitting!
Thanks for sharing!
  • #346
  • Dec 6, 2009 8:11pm Dec 6, 2009 8:11pm
Quoting kodflakes
Hey guys a little new to the thread and was spending the weekend looking at charts just trying to get this a little more figured out and I was playing and I switched to the line charts and the hooks become so clear. Just something for anyone wondering if they are seeing a hook
looks interesting. do you know if there is a way to overlay the line graph on ohlc?
  • #347
  • Dec 6, 2009 8:17pm Dec 6, 2009 8:17pm
Overlay a one period sma is one way to do it.
  • #348
  • Dec 6, 2009 8:22pm Dec 6, 2009 8:22pm
Quoting opie999
Overlay a one period sma is one way to do it.

thanks opie. that seem to work pretty well.
  • #349
  • Dec 6, 2009 8:30pm Dec 6, 2009 8:30pm
Quoting wmd
hi metto,

6270 does look abused. you need to watch momentum on this one. there may be more pips on the way down then up from here.

if 61x doesnt hold it, theres lots of possible levels in the chop zone. 5880 looks interesting. the hook isn't very clear though so not a case for aggressive entry. see how pa plays out.

long term untested support is in the 15350 region where you could look at taking investor positions (and aggresive entry if the price ever reaches there).
thank you wmd, 15350 is on my watch list too. when it's there, I'll be there for you
in
  • #350
  • Dec 6, 2009 8:31pm Dec 6, 2009 8:31pm
Aud's been catching my attention over the last few weeks. Its been stubborn, but looking like its ready to roll. Just needs a break and hook.

Heres some random trendlines.

Theres a present for the fibbers on the daily tf. Usually represents exhaustion.
Attached File(s)
File Type: tpl aud trendlines.tpl   6 KB | 731 downloads
  • #351
  • Dec 6, 2009 8:51pm Dec 6, 2009 8:51pm
Quoting wmd
looks interesting. do you know if there is a way to overlay the line graph on ohlc?
Ive seen it done with other software than MT4 but Im not a techy. Ive just been using it to confirm for me at least if it is a hook than I go back to the candles for price and levels

I dont know if this would work but maybe a 1 period simple MA
  • #352
  • Dec 6, 2009 8:53pm Dec 6, 2009 8:53pm
Hi,
First of all I would like to thank you for your great contribution.
For me - If I was a trading company I would hire you with no doubts.

I have some experienceas well, and can easily smell a great trader here.
Here is my contribution for your thread, I have just seen this setup on EJ, please correct me if I'm wrong:
Attached Image
  • #353
  • Dec 6, 2009 8:58pm Dec 6, 2009 8:58pm
Quoting wmd
Aud's been catching my attention over the last few weeks. Its been stubborn, but looking like its ready to roll. Just needs a break and hook.

Heres some random trendlines.

Theres a present for the fibbers on the daily tf. Usually represents exhaustion.

Hey WMD

first of all thanks for this great thread , the man who zoom the chart out is a great mind and a real trader from my point of view, i really wish you and all the people in here the best luck .
lets get to the point i have been following AUD for a while and i believe also that we need a correction from this point , i can see a H&S on the daily chart.
my question is a bout the USD , do you think we are in a turning point with the USD, is it getting stronger again or it is only the AUD is getting weaker??!! , looking at all the USD pairs it looks like we might see some trend reversals here and there, what do you think ??willing to hear your opinion
good luck and have a great week
Vic
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 40 KB
  • #354
  • Dec 6, 2009 9:17pm Dec 6, 2009 9:17pm
Quoting Krysztau

Here is my contribution for your thread, I have just seen this setup on EJ, please correct me if I'm wrong:

we have mid november chop zone short 134.70 visible on hourly indicating south, and the current break looking north.

if the break holds then 3470 may turn out to be a minor obstacle. tight stop if you choose to take it. it could be at the end of a 800 pip rid, for the time being anyway.

looking at the bigger picture theres an untested level in the current wave further down 3150-3200 .
  • #355
  • Dec 6, 2009 9:32pm Dec 6, 2009 9:32pm
Quoting Krysztau
Hi,
First of all I would like to thank you for your great contribution.
For me - If I was a trading company I would hire you with no doubts.

I have some experienceas well, and can easily smell a great trader here.
Here is my contribution for your thread, I have just seen this setup on EJ, please correct me if I'm wrong:

Krysztau, we would only take an aggressive entry here if the price ran away after the hook. In this case it didn't, so you will need pa to confirm.

Heres a wider channel where you might find better entry.
Attached File(s)
File Type: tpl ey.tpl   1 KB | 560 downloads
  • #356
  • Dec 6, 2009 9:35pm Dec 6, 2009 9:35pm
ey channel
Attached Image (click to enlarge)
Click to Enlarge Name: ey0712.gif Size: 17 KB
  • #357
  • Dec 6, 2009 10:07pm Dec 6, 2009 10:07pm
Quoting vic_elc
Hey WMD

lets get to the point i have been following AUD for a while and i believe also that we need a correction from this point , i can see a H&S on the daily chart.
my question is a bout the USD , do you think we are in a turning point with the USD, is it getting stronger again or it is only the AUD is getting weaker??!! , looking at all the USD pairs it looks like we might see some trend reversals here and there, what do you think ??willing to hear your opinion
good luck and have a great week
Vic

Aud definately seems to be struggling up here.

There are several factors to consider.


1. 3 months of side ways move.
2. 2.618 ext of xa (ok knuckledragger, you got me)
3. weekly opening gaps. (use onada to see these)
4. comfortable break of ltl of up channel
5. lack of any correction since this move started
6. aussie doesn't look cheap any more, even if has a substantial carry.
7. plenty of questions abound about fed rate hike reducing the carry. its expected when the fed hikes it wont be in quarter point increments.
  • #358
  • Dec 6, 2009 10:07pm Dec 6, 2009 10:07pm
I love this post it really tells how market works.
  • #359
  • Dec 6, 2009 10:28pm Dec 6, 2009 10:28pm
Quoting wmd
Aud definately seems to be struggling up here....
Great explanation
thanks mate for the reply
wishing you good luck
  • #360
  • Dec 6, 2009 11:46pm Dec 6, 2009 11:46pm
wmd.. if you look at the gbp/chf . where would you put youre possible buy order ? im not sure on these two levels. 1.6698 or 1.6623 ? i have an order on the 1.6698 and im gonna add more on 1.6623.? pls correct me if im wrong..

and what do you mean with PA ? is it price action ?..

there is just not enough words to thank you for this system..
wish yoiu all the best !!
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