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Trading with Deadly Accuracy

  • #361
  • Dec 7, 2009 2:08am Dec 7, 2009 2:08am
Hi WMD

i am 1/3 of the way thru the thread; very informative and allows me to view price action differently...so i thought i would say thank you for your efforts...
  • #362
  • Edited 2:50am Dec 7, 2009 2:49am | Edited 2:50am
[quote=wmd;3285611]Aud definately seems to be struggling up here.

wmd,
aren't we late? I think the hook was at 0.9211 on audusd.
I mean the first hook after a double top.
  • #363
  • Dec 7, 2009 3:10am Dec 7, 2009 3:10am
here is your great template, mwd, I just added my red lines.
Already closed the trade with a profit,
would you mind explaining how do you make this grid?

Thanks, for great help I am happy beeing on your thread.
Lietuve
Attached Image (click to enlarge)
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  • #364
  • Dec 7, 2009 11:17am Dec 7, 2009 11:17am
WMD
Here is one of the things I have a question about. A) momentum is slowing which is keeping me out of this one. There is a clear sign of support turning resistance here. A hook leads in to it but it is immedately followed by one of your swooshes if I am seeing it right. My question here is am I looking too closely at the formation and over analyzing your hook/swoosh concept.
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  • #365
  • Dec 7, 2009 12:36pm Dec 7, 2009 12:36pm
Quoting kodflakes
WMD
Here is one of the things I have a question about. A) momentum is slowing which is keeping me out of this one. There is a clear sign of support turning resistance here. A hook leads in to it but it is immedately followed by one of your swooshes if I am seeing it right. My question here is am I looking too closely at the formation and over analyzing your hook/swoosh concept.
I'm from Italy and my name is Ginevra. I am very stricken from your abilities and I'm trying to follow you to become like you.
I'm sorry if I will ask stupid questions... Thank you
  • #366
  • Dec 7, 2009 8:04pm Dec 7, 2009 8:04pm
hi all...i just know that fx factory have this valuable forums..before this i just come to check the news...my stupid mistake..
I was none stop reading this thread until my eyes getting blur...
but it really help me alot...WMD keep it up...
  • #367
  • Dec 8, 2009 5:33am Dec 8, 2009 5:33am
Some more random lines.
Attached File(s)
File Type: tpl gu0812.tpl   6 KB | 711 downloads
File Type: tpl eu0812.tpl   5 KB | 542 downloads
  • #368
  • Dec 8, 2009 6:50am Dec 8, 2009 6:50am
Can anyone tell me how, to open tpl files.
Thanks in advance...
  • #369
  • Dec 8, 2009 6:54am Dec 8, 2009 6:54am
Quoting Thenew
Can anyone tell me how, to open tpl files.
Thanks in advance...
If you must look at it, you can open it with notepad, but that is not how it is used. Place it in the Templates folder in MT4. Not the Templates that is in the experts folder, the Templates that is in the MT4 folder. Then go to a chart you want and right click and select templates from the list and then select your template. WARNING!!!! this will delete any thing you have in place on your chart and replace it with the template stuff. So better to use a new chart.
  • #370
  • Dec 8, 2009 7:00am Dec 8, 2009 7:00am
Quote
If you must look at it, you can open it with notepad, but that is not how it is used. Place it in the Templates folder in MT4. Not the Templates that is in the experts folder, the Templates that is in the MT4 folder. Then go to a chart you want and right click and select templates from the list and then select your template. WARNING!!!! this will delete any thing you have in place on your chart and replace it with the template stuff. So better to use a new chart.

Thanks a lot Sir...
  • #371
  • Dec 8, 2009 8:02am Dec 8, 2009 8:02am
Limstylz: Could you pm me an email address.
  • #372
  • Dec 8, 2009 9:03am Dec 8, 2009 9:03am
Quoting kodflakes
WMD
Here is one of the things I have a question about. A) momentum is slowing which is keeping me out of this one. There is a clear sign of support turning resistance here. A hook leads in to it but it is immedately followed by one of your swooshes if I am seeing it right. My question here is am I looking too closely at the formation and over analyzing your hook/swoosh concept.

When price trends in any direction you will see the hooks. At the end of a trend you 'might' see the swoosh if an exhaustive rally takes place.

Try not to judge a formation before it is complete. It is best analysed after the event.

The line graphs definately add an interesting slant. Conjestion zones/horizontal clusters seem easier to identify.
  • #373
  • Dec 8, 2009 6:27pm Dec 8, 2009 6:27pm
Hello

it is 01:18 a.m. here in the night but I kept reading in this truly remarkable thread. Thank you wmd and to the other constructive contributors....

I think only someone who has struggled so long with indicators can truly appreciate the combination of simplicity and accuracy present here.

*****
Be like water.
  • #374
  • Edited 12:04pm Dec 9, 2009 10:33am | Edited 12:04pm
Quoting wmd
looks interesting. do you know if there is a way to overlay the line graph on ohlc?
Greetings WMD, and thank you for the new method, I am still reading and trying to aquaint myself with the patterns. I see that many of the kumo warriors have posted here , all are members of the ichimoku forever thread if anyone is interested. Anyway I don't want to sound like solliciting members from your thread, I find your method quite interesting and similar in principle to Igrok's method.
Finally here's the real reason for my post, just wanted to contribute this method of overlaying the line graph over the ohlc or candles, I find the line graph quite informative for trend drawing since it gives similar information to a TL drawn at the highs or lows on candlesticks, sometimes more clearly especially trend line breaks.
just draw a simple moving average at the close with a period of 1, it's that simple.
another trick if you want to see the line away from the bars or candles, shift the MA forward or backward by as much as you like and you will separate the line from the bars or candles.
thanks and good luck.

edit: sorry I did not notice that opie999 gave the same answer earlier, just read that, but the foward and backward shift are valid tricks for separating the line from the price bars.
  • #375
  • Dec 9, 2009 10:40am Dec 9, 2009 10:40am
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 pits.

Like the dramatics before a wrestling match, chests are raised, cheap shots are taken, and sometimes ears are bitten before the actual bout begins. Sometimes it ko from the word go, other times its trench warfare.

Price action is a construct of buyer and seller behaviour. So when we're watching the charts we're looking for those rituals. Some times those rituals evolve, like adding or removing a few steps from a dance, but the significance of those actions remains the same.

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

So when your watching the dance, think about it, and consider what it means. Do not be a casual observer or seat filler.

Have you seen this type of dance before? What was it for? Whats the next step in this dance?

It wont be long before you find yourself dancing with the dancers.

Every movement means something, even if its just a single candle. You dont need to trade every candle, but you should always have an idea of what it means.
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  • #376
  • Dec 9, 2009 10:52am Dec 9, 2009 10:52am
Quoting lbtrader
Anyway I don't want to sound like solliciting members from your thread, I find your method quite interesting and similar in principle to Igrok's method.
Igrok is very profound in his analysis of price action. I have a lot of respect for him in this aspect. His book is definately worth studying.
  • #377
  • Dec 9, 2009 11:04am Dec 9, 2009 11:04am
Quoting wmd
Igrok is very profound in his analysis of price action. I have a lot of respect for him in this aspect. His book is definately worth studying.
True, but like your dancing steps, if you memorize his templates you have a good chance of dancing with the dancers (actually it's not as simple as it sounds , but hey it's a beginning)
  • #378
  • Dec 9, 2009 11:22am Dec 9, 2009 11:22am
Continueing with the same theme....

'It may mean something. It may mean nothing at all.'

(This is not a trade recomendation. Just an observation.)
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  • #379
  • Dec 9, 2009 4:16pm Dec 9, 2009 4:16pm
Hi wmd,

I ploted some lines that appear important to me. Does it makes sense?

Could you give your opinion about it? To me they make kind of sense but I can really "read" them would you mind helping me out?

Thank you.

Red.

Anyone else who like to give his/her opinion just share it I´m glad about any help.
Attached Images
  • #380
  • Dec 9, 2009 4:27pm Dec 9, 2009 4:27pm
Looks about as 100% accurate as titts on a boar. 100% hocus pocus. But then again what isn't?
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