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Trading with Deadly Accuracy

  • #481
  • Dec 28, 2009 7:57am Dec 28, 2009 7:57am
excelent
Quoting wmd
gbp/usd live.
  • #482
  • Edited 9:38am Dec 28, 2009 9:26am | Edited 9:38am
Quoting N2FX
I am watching GU move, but did not have a trade setup on that pair just yet, but I have entered the EU LONG at 1.4382 with a 1.4372 stop and target at 1.4412.

Let's see if the GU move up is leading the pack?
The Long EU from Frankfurt/London closed with +30 pips reaching my target at 1.4412, the high was 1.4413, very close on that one.

So, I enter it manually, as I do all my trades, then I put a my stop and limit in if I have to leave or in this case sleep.

Now we wait for the real breakout at 1.4417 on the larger time frame entry, that will be good for more then 30 pips hopefully.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Trade Summary.jpg Size: 58 KB
  • #483
  • Dec 28, 2009 9:44am Dec 28, 2009 9:44am
Congrats N2FX. Your posts are very interesting.
  • #484
  • Dec 28, 2009 9:52am Dec 28, 2009 9:52am
Quoting Intensity
Congrats N2FX. Your posts are very interesting.
Yea, I suppose I am different. LOL.

I am trying to learn WMD's patterns and style, even though I vary in my setups most times, but I am watching the larger time frames for the trades that will produce more pips.

I am familiar with the patterns on the 1/5/15 min mostly, and that is where I trade from most of the time, but I want to learn the bigger picture also, and this thread has helped me along my way.

I read through the thread twice last week, and will do again this week, trying to put the formations into my head.

Here is my updated 4 hour EU chart.

Still building pressure to that resistance level.

Have a great day Intensity.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 4 Hour Updated.jpg Size: 59 KB
  • #485
  • Dec 28, 2009 10:02am Dec 28, 2009 10:02am
I'm reading and re-reading this thread and the trades and it's been quite useful.

You want to learn the bigger picture ? Bigger timeframes or the "soul" of trading ?


Have a great day you too
  • #486
  • Dec 28, 2009 2:30pm Dec 28, 2009 2:30pm
Quoting Intensity
I'm reading and re-reading this thread and the trades and it's been quite useful.

You want to learn the bigger picture ? Bigger timeframes or the "soul" of trading ?


Have a great day you too
the bigger the TF, the more powerful the S/R levels are.
  • #487
  • Dec 30, 2009 6:43am Dec 30, 2009 6:43am
There is a wonderful new tool in forex-tsd created by Keit
Thomas Largo, called Price Chart Cloning. It is an indi that lets to display the same currency w/diff time frames in one window. Much easier to see most important s/r levels.
See the chart attached.

Good trading and Happy New Year!
Lietuve
Attached Image (click to enlarge)
Click to Enlarge Name: new chart 123009 eu.gif Size: 20 KB
  • #488
  • Dec 30, 2009 6:58am Dec 30, 2009 6:58am
I'm a naked trader as well (my definition of naked trading is where the only technical tools the trader use is patterns and trendlines). The more I see the patterns that you are sharing, the more i believe it correlates with the gartley patters (aka thunderbolt pattern) whereas the nike swosh is a narrowing wedge patterns etc etc..

I am subscribing to this thread. I am planning to open up an interactive trading thread of my own to log all my analysis and real time trading entries etc..
Trading Should Not Be Complex
  • #489
  • Dec 31, 2009 2:52am Dec 31, 2009 2:52am
Since I uploaded these pics for the EURUSD thread anyway, I figured why not post em here to have another live example.

Daily and hourly timeframe combined, WMD tactic.

daily

hourly
  • #490
  • Dec 31, 2009 5:31pm Dec 31, 2009 5:31pm
Keep up the good work WMD. Thanks Rednose and all for your contributions.
Happy and VERY PROSPEROUS New Year to all !!!!
  • #491
  • Dec 31, 2009 10:12pm Dec 31, 2009 10:12pm
lietuve,

Is there anywhere that we can download that multi-TF indy?

Thanks,

Donnie
  • #492
  • Jan 1, 2010 9:37am Jan 1, 2010 9:37am
What I like about the thread originator's explanation on this strategy is that he makes pure price action strategy.. EASY. Beautifully written. I have to say that it proves that the best way to trade forex market is trade purely on price action (price's reaction on significant Support and Resistance).

It is known to every trader that you don't trade on the first breakout (or some fundamentalist call it "the knee jerk price reaction"), you trade on the second impulsive wave (after the retracement) which it has a higher probility to be the brekaout continuation. I love the way he call it a hook, a nike swoosh etc..

Amazing.
Trading Should Not Be Complex
  • #493
  • Jan 1, 2010 3:41pm Jan 1, 2010 3:41pm
dont understand the strategy can anyone explain it simple to me please ?


best regards
  • #494
  • Jan 1, 2010 7:19pm Jan 1, 2010 7:19pm
Quoting jgadefelth
dont understand the strategy can anyone explain it simple to me please ?

best regards
Go to the beginning of the thread and start again - it is already very simple.
  • #495
  • Jan 1, 2010 9:13pm Jan 1, 2010 9:13pm
Quoting N2FX
I am watching GU move, but did not have a trade setup on that pair just yet, but I have entered the EU LONG at 1.4382 with a 1.4372 stop and target at 1.4412.

Let's see if the GU move up is leading the pack?

N2FX,

From your posts, you seems to be a guite aggresive trader. ( Sorry if I'm wrong). But your call for the above trade was damm.. accurate.!! I impresed the way you set your TP which is only 1 pip from where it's stopped. Salute..

I've spent few hours this weekend visiting my charts to study the trade you've taken. How do you manage to see the trade at 1.4382...and TP 1.4412?

It's ok to Pm me and send the bill later..
Shah For every action there is an equal and opposite reaction.....
  • #496
  • Jan 2, 2010 3:02am Jan 2, 2010 3:02am
http://i45.tinypic.com/11tvtdl.jpg

The rest of Sam's vids are here:

http://www.fxstreet.com/search/contr...1-e9bf77216d2f
  • #497
  • Jan 2, 2010 4:14am Jan 2, 2010 4:14am
Just came across this thread and really want to thank everyone for the amazing amount I have learnt. Wish I had understood this a long time ago!
  • #498
  • Jan 3, 2010 9:40am Jan 3, 2010 9:40am
Quoting uraceulose
lietuve,

Is there anywhere that we can download that multi-TF indy?

Thanks,

Donnie
Donnie, it is in forex-tsd, the indi is called Price Chart Cloning. You have to download from there, 'cause it is created recently and the author is still clearing few bugs, so new versions might be available in the future.
I agree that trading the price action not distorted by any indicator is the best way to see s/l levels. The same can be done opening multiple charts w/different t/f, it's easier though when they are in the same chart.
If you can't find it, pm me I'll go there and find the thread.
Prosperous 2010 to all of us, Donnie!
Lietuve
  • #499
  • Jan 3, 2010 11:33am Jan 3, 2010 11:33am
Leituve,

Thanks so much. I'll try and get it loaded up when I get home.

Donnie
  • #500
  • Jan 3, 2010 12:58pm Jan 3, 2010 12:58pm
thanks to the pdf i get the first idder about parabola and resistance become support. but i dont get the other thing with the trendlines and that also not getting the steps what they are good four ??



best regards
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