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Trading with Deadly Accuracy

  • #381
  • Dec 9, 2009 8:17pm Dec 9, 2009 8:17pm
Quoting mtftrade
Looks about as 100% accurate as titts on a boar. 100% hocus pocus. But then again what isn't?

Sure I'll respond, get a clue. Price action is what moves the market. S&R will allow you to profit, have fun with your BS indicators.

Peace out and get lost
  • #382
  • Dec 9, 2009 10:48pm Dec 9, 2009 10:48pm
WMD, would this be a good price to buy gold according to your method?
Attached Image (click to enlarge)
Click to Enlarge Name: goldbuy.gif Size: 25 KB
  • #383
  • Dec 9, 2009 10:53pm Dec 9, 2009 10:53pm
nice to see u around
we are approaching the area where i will be looking for a buy .
regards
samer
Quoting lbtrader
WMD, would this be a good place to buy gold according to your method?
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 14 KB
  • #384
  • Dec 10, 2009 3:50am Dec 10, 2009 3:50am
Quoting Rednose
Hi wmd,

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

Anyone else who like to give his/her opinion just share it I´m glad about any help.
You've plotted s.r based on previous cluster from daily which is good approach. As a secondary measure, see if any of those levels matches with s.r on a weekly.

Im thinking.... Price fell vertically from 50x. Now we are in diagonal movement which continues the momentum. Breakouts are south. So for the time being shorts have favour.

We,re currently at support, horizontal and channel, so i dont want to be selling here. If pa confirms i could take a contrarian long (current price 14710) and favourable short 4850-4900.

I'll look to invest in euros 42x.
  • #385
  • Dec 10, 2009 4:07am Dec 10, 2009 4:07am
Quoting wmd
You've plotted s.r based on previous cluster from daily which is good approach. As a secondary measure, see if any of those levels matches with s.r on a weekly.

Im thinking.... Price fell vertically from 50x. Now we are in diagonal movement which continues the momentum. Breakouts are south. So for the time being shorts have favour.

We,re currently at support, horizontal and channel, so i dont want to be selling here. If pa confirms i could take a contrarian long (current price 14710) and favourable short 4850-4900.

I'll look to invest in...
Appreciate your insight on this one.

You say "...any of those levels match in the weekly.." Which are the best ones ? Diagonal or horizontal ? Can we speak about "priority" when talking about lines?

And last but not least: "...Breakouts are south. So for the time being shorts have favour." Should I plot the downward lines too?

You´re being a great help to me in matter understanding market behaviour.
  • #386
  • Dec 10, 2009 4:14am Dec 10, 2009 4:14am
Quoting samer960
nice to see u around
we are approaching the area where i will be looking for a buy .
regards
samer

i can see why you've marked 1100, could be good if you could find a secondary support.

i see 970 as investment zone.

general formation is same as your seeing on eu. vertical followed by diagonal.

sometimes the diagonal part equals or just exceeds the vertical part before finding reasonable support (this is my twist on harmonics). wondering if it will hold true.
  • #387
  • Dec 10, 2009 4:22am Dec 10, 2009 4:22am
Quoting wmd
.....

general formation is same as your seeing on eu. vertical followed by diagonal.

sometimes the diagonal part equals or just exceeds the vertical part before finding reasonable support.......

I got it.

Thank you.
Have a nice day wmd.
  • #388
  • Dec 10, 2009 4:36am Dec 10, 2009 4:36am
Quoting Rednose
Appreciate your insight on this one.

You say "...any of those levels match in the weekly.." Which are the best ones ? Diagonal or horizontal ? Can we speak about "priority" when talking about lines?

And last but not least: "...Breakouts are south. So for the time being shorts have favour." Should I plot the downward lines too?

You´re being a great help to me in matter understanding market behaviour.

Orthadoxy would give priority to the horizontal. This is because its easier to spot and plot. So accuracy rate for correctly identifying is higher.

Dynamic sr has many different techniques for drawing. My approach is to use 2 extreme points for the line. Then copy this line and 'force fit' it on to the pa. If it doesn't fit i dont have a channel.

Then when prices approaches, you can work out the significance of the level by seeing how price reacts to it.

For weekly my meaning was to take horizontal s.r from weekly.
Attached File(s)
File Type: tpl eu example.tpl   3 KB | 561 downloads
  • #389
  • Dec 10, 2009 7:50am Dec 10, 2009 7:50am
Quoting wmd
Orthadoxy would give priority to the horizontal. This is because its easier to spot and plot. So accuracy rate for correctly identifying is higher.

Dynamic sr has many different techniques for drawing. My approach is to use 2 extreme points for the line. Then copy this line and 'force fit' it on to the pa. If it doesn't fit i dont have a channel.

Then when prices approaches, you can work out the significance of the level by seeing how price reacts to it.

For weekly my meaning was to take horizontal s.r from weekly.

You mean like this...??
Attached Image
  • #390
  • Dec 10, 2009 8:01am Dec 10, 2009 8:01am
Quoting Rednose
You mean like this...??
pretty much. i dont usually use the opening price, although it can be significant. just take the high/low.
  • #391
  • Dec 10, 2009 12:24pm Dec 10, 2009 12:24pm
I don´t know how to change the old PDF in my previous post so I post it updated here.
I´ll appreciate if someone can show me how to upload it in this post again once it has being updated the next time.
Thanx.
Attached File(s)
File Type: pdf Deadly accurate.pdf   890 KB | 3,923 downloads
  • #392
  • Dec 10, 2009 5:59pm Dec 10, 2009 5:59pm
Quoting rednose
i don´t know how to change the old pdf in my previous post so i post it updated here.
I´ll appreciate if someone can show me how to upload it in this post again once it has being updated the next time.
Thanx.
thx u for the time /the pdf file will really help me out in my trading!!!
  • #393
  • Dec 10, 2009 8:39pm Dec 10, 2009 8:39pm
Thank you so much for condensing this thread down to the important posts in that PDF. and of course, thank you so much WMD for these posts to study.

Donnie
  • #394
  • Dec 10, 2009 9:11pm Dec 10, 2009 9:11pm
Quoting knuckledrag
Sure I'll respond, get a clue. Price action is what moves the market. S&R will allow you to profit, have fun with your BS indicators.

Peace out and get lost
"Price action is what moves the market"
Hedge Funds and Banks is what moves the markets.

"S&R will allow you to profit"
S&R can be found by generating random prices in an excel spreadsheet. Do you really believe this is what big players look at to make their decisions? Your fooling yourslef or your just a plain fool.

"have fun with your BS indicators"
Whoever said I use indicators? I didn't claim that.
  • #395
  • Dec 11, 2009 3:16am Dec 11, 2009 3:16am
Quoting mtftrade
"Price action is what moves the market"
Hedge Funds and Banks is what moves the markets.

"S&R will allow you to profit"
S&R can be found by generating random prices in an excel spreadsheet. Do you really believe this is what big players look at to make their decisions? Your fooling yourslef or your just a plain fool.

"have fun with your BS indicators"
Whoever said I use indicators? I didn't claim that.
I believe it would be more constructive to open a thread for yourself and share all the wisdom that you have with others here at FF instead of just criticizing someone else´s thread.

I´m very courious to know which factors are important to you other than PA and S.R levels.
  • #396
  • Dec 11, 2009 3:48am Dec 11, 2009 3:48am
[quote=wmd;3237510]



If you feel this thread is of merit then give it a rating so that more people can benefit from it.

wmd:

Is there somewhere that one can officially rate a thread?

Thanks
  • #397
  • Dec 11, 2009 3:58am Dec 11, 2009 3:58am
rednose

thank you for taking the time, the pdf is very useful.

=====

All I can say is that the knowledge of WMD, or BRV from No Brainer is invaluable for thinking on my own and trying to really understand what is going on. Of course there might be some Volume Analysis or Market Auction profile people scoffing at these " simple " tools, but at least for me its great.

And on top of that it`s free and FF provides it. So I`m just grateful.
Be like water.
  • #398
  • Dec 11, 2009 6:17am Dec 11, 2009 6:17am
wmd,

congrats on your thread buddy.

i've just found it and went through
  • #399
  • Dec 11, 2009 6:23am Dec 11, 2009 6:23am
Heres one from euro/gbp from round about the time the thread was started.

Feel sick that i missed it; must have been too busy posting here.

Anyway, it's as near a technically perfect formation as you're ever likely to get so stick it in your picture book. She's a beauty.
Attached Image (click to enlarge)
Click to Enlarge Name: eg101.gif Size: 8 KB
  • #400
  • Dec 11, 2009 6:37am Dec 11, 2009 6:37am
What do you think about GBP/AUD?

Yesterday I went long, but trade was closed (+74pips) today due to confusing PA. But I may consider to re-enter.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud_h4_1211_2.jpg Size: 130 KB
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