Trading with Deadly Accuracy | Page 23 | 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

  • #441
  • Dec 15, 2009 9:10am Dec 15, 2009 9:10am
I feel very fortunate to find this thread, so many experienced traders are here discussing this method, I can learn a lot. and thank you very much,wmd, for the great method.

I am newbie, English is not my first language, so, to be frank, after going through the entire thread, I still don't think I well digested this method. please help me.

I drew a blue line on my chart, just to confirm if this one will serve as an untested resistance level in future, did I draw correctly the breakout point in this chart?

If I draw the line correct, then, we will wait for a hook to form. after hook to be formed, we will wait for a second breakout point which is the low of the hook before we can look for the entry setup?

please let me know if I understand this method correctly?
Attached Image (click to enlarge)
Click to Enlarge Name: is the blue line an untested resistance.gif Size: 13 KB
  • #442
  • Dec 15, 2009 9:48am Dec 15, 2009 9:48am
WMD this is an area I see as an opportunity granted price confirms. According to your ideal entry I want price to be below the blue bar, enter after a hook is formed correct.
Attached Image (click to enlarge)
Click to Enlarge Name: ss.png Size: 46 KB
  • #443
  • Dec 15, 2009 12:25pm Dec 15, 2009 12:25pm
Quoting kodflakes
WMD this is an area I see as an opportunity granted price confirms. According to your ideal entry I want price to be below the blue bar, enter after a hook is formed correct.

well picked. i've marked this zone also for bop short entry. i have the level from 46 to 4585.

price has formed one hook. if a second hook forms below that and then price breaks down, pattern will be confirmed.

i have noticed that bops with double hook breakaways give better results.
  • #444
  • Edited 4:49pm Dec 15, 2009 2:41pm | Edited 4:49pm
wmd the sl and tp of the last eurUsd chart trade look like correct,you can see that in the chart,but my question is that the r/r is very bad,do you really think that with this rr you can win in the long run,you will need 80 or 90 of wins.thanks for share that,the pattern is excellent,adjusting mm.
please if you have more ideas,patterns...i see that you are a really expert, and i like read you
thank you

sorry the levels are of other trader,but i think that is good sl,because are behind of the resistence,and tp must are near of blue small tp line too,because are other support here.i think the rr is 1;1 or worst in this trades ,because if i move my sl to better rr,but not behind support/resistence,sometimes that is hit,what do you think

Thanks other time
  • #445
  • Dec 16, 2009 8:31am Dec 16, 2009 8:31am
Chaos that trade was a different strategy it has nothing to do with WMD trading Also the R;R was about 1:1.25 and the TP got taken out while I was asleep so i didnt have a chance to move it out and go to breakeven.

Quoting chaosforex
wmd the sl and tp of the last eurUsd chart trade look like correct,you can see that in the chart,but my question is that the r/r is very bad,do you really think that with this rr you can win in the long run,you will need 80 or 90 of wins.thanks for share that,the pattern is excellent,adjusting mm.
please if you have more ideas,patterns...i see that you are a really expert, and i like read you
thank you

sorry the levels are of other trader,but i think that is good sl,because are behind of the resistence,and tp must are near of blue small tp line...
  • #446
  • Dec 17, 2009 9:06am Dec 17, 2009 9:06am
now gu paused at 1.61


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).
previous posted chart
http://cdn.forexfactory.com/attachme...1&d=1259999097

Now 1.61xx touched
Attached Image (click to enlarge)
Click to Enlarge Name: guh4-20091217.gif Size: 40 KB
in
  • #447
  • Dec 17, 2009 9:54am Dec 17, 2009 9:54am
Thanks for this tread which is best time frame to use u r method looking forward for more details in technicals
  • #448
  • Dec 17, 2009 1:55pm Dec 17, 2009 1:55pm
Raji,

Read the beginning of the thread...WMD and the others have already said what time frames they're using...

Stay on the 4HR or above time frames..

Correct me if I'm wrong.

Donnie
  • #449
  • Dec 17, 2009 2:33pm Dec 17, 2009 2:33pm
Quoting uraceulose
Raji,

Read the beginning of the thread...WMD and the others have already said what time frames they're using...

Stay on the 4HR or above time frames..

Correct me if I'm wrong.

Donnie
the higher time frame you use the higher probability of success you have.

the higher TF is, the stronger the S/R is.

etc.
  • #450
  • Dec 18, 2009 2:58am Dec 18, 2009 2:58am
for clearing my doubt i have att gold 1h chart should i enter sell at 1109.29 or at 1111.2 or at 1114.5 pls do ans my qus it will help me to learn more looking forward WMD THANKS ONCE AGAINE FOR THE THREAD
Attached Image (click to enlarge)
Click to Enlarge Name: windsor.gif Size: 33 KB
  • #451
  • Dec 18, 2009 6:00am Dec 18, 2009 6:00am
Quoting rajini
Thanks for this tread which is best time frame to use u r method looking forward for more details in technicals
There are no 'time frames', just clusters of orders at untested break out points. If you find what looks like a break out point on a daily chart, you still need to drill down to the price action on the day to see if it was retested straight away. If it was, no trade. IMO you see everything that you can see on the 4H and much more on a zoomed out 15m chart.
  • #452
  • Edited 8:15am Dec 18, 2009 8:06am | Edited 8:15am


the bottom line is 14304 (forgot to add the price)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: september support 1.jpg Size: 73 KB
Click to Enlarge Name: september support 2.jpg Size: 70 KB
  • #453
  • Dec 19, 2009 10:13pm Dec 19, 2009 10:13pm
Hi everyone,
Please forgive the newbie question, but I would appreciate if someone could clarify this for me:
When are the "news" that people trade?
Also, what time of day is most volatile for any market (Asian, Euro etc)?
Thank you very much.
Dmitry
  • #454
  • Dec 19, 2009 10:34pm Dec 19, 2009 10:34pm
Dmitry,

Read the stickies at the top of the "rookie section". They'll help tremendously.

Donnie
  • #455
  • Dec 20, 2009 9:01pm Dec 20, 2009 9:01pm
looking at the 144.80 to 145.00 area daily chart for possible short entry using this system. great thread!! Any criteria on this suggested setup will be muchly appreciated.
  • #456
  • Dec 21, 2009 5:11pm Dec 21, 2009 5:11pm
Thanks wmd for a great thread - only just discovered it today, so only on page 14 so far.

Ian
  • #457
  • Edited 12:42pm Dec 23, 2009 9:03am | Edited 12:42pm
WMD, not sure that I've grasped drawing the trend line deviations...but what do you think otherwise?

Happy new year and merry whatever you celebrate to all.

Cheers

007
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.jpg Size: 157 KB
  • #458
  • Dec 23, 2009 1:53pm Dec 23, 2009 1:53pm
Quoting redart007
WMD, not sure that I've grasped drawing the trend line deviations...but what do you think otherwise?

Happy new year and merry whatever you celebrate to all.

Cheers

007
That's what I thought, so I bought today and had a very good day.

Happy Holidays to all!

Lietuve
  • #459
  • Dec 26, 2009 9:56am Dec 26, 2009 9:56am
I hope everyone is enjoying the holidays!

Here is the E/U 4 Hour chart.

We have the formation that a bottom has possibly formed, and looking at the resistance level around 1.4400 level.

I am watching for the move above the (gray box) I have marked, price may dip down to the 1.4315 (green line) or even 1.4275 (blue line), but eventually, my breakout point is the 1.4411/1.4417 level with a target area at the Horizontal Zone (yellow line).

So from what I have read on this thread, is wait for the breakout, then the re-test of the 1.4411 area or somewhere in that price range, then take a long.

I will watch these areas on a 5/15 minute chart knowing where to watch for price areas.

N2FX
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4 hr.jpg Size: 55 KB
  • #460
  • Dec 26, 2009 10:08am Dec 26, 2009 10:08am
I went to Daily to show the same areas that is marked on the 4 hour chart.

N2FX
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily.jpg Size: 45 KB
2 traders viewing now