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Trading with Deadly Accuracy

  • #541
  • Feb 16, 2010 2:23am Feb 16, 2010 2:23am
Here is a current trade I have taken , the gbpusd was kinda docile with US holiday on Monday happy pips to all , I have a 1st tgt at 1.5764 which was last weeks high, well within range of the gbpusd s daily range, above that 1.5840 which is a level from a daily chart, good trading to all. cheers
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  • #542
  • Feb 16, 2010 3:53am Feb 16, 2010 3:53am
Quoting digger1
Here is a current trade I have taken , the gbpusd was kinda docile with US holiday on Monday happy pips to all , I have a 1st tgt at 1.5764 which was last weeks high, well within range of the gbpusd s daily range, above that 1.5840 which is a level from a daily chart, good trading to all. cheersAttachment
Took profit on most longs just above yesterdays high rest were stopped out shortly after, took shorts before the news at the H4 pivot level (1.5718) 1st tgt is the weekly open at 1.5670 2nd would be todays open 1.5656, will monitor if and when those tgts are reached.
  • #543
  • Feb 16, 2010 6:54am Feb 16, 2010 6:54am
Great thread WMD, keep it up!

Big up from Moscow ...

http://i46.tinypic.com/2l9oww.png
Attached File(s)
File Type: mq4 SHI_Channel_Pro.mq4   7 KB | 534 downloads
File Type: mq4 xMeter_Jamaica_v5.mq4   9 KB | 498 downloads
  • #544
  • Feb 16, 2010 8:43am Feb 16, 2010 8:43am
Daddy likey. Squeezy, my entry was at .8800 and my stop loss was at .8760, just below the top of the previous pin bar on 2-10. Sorry, it took so long to get back to ya my man.

If the retracement doesn't come, that's peachy! Positions are in and we're counting our blessings.
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I dream, therefore I become.
  • #545
  • Feb 16, 2010 9:10am Feb 16, 2010 9:10am
Quoting wmd
So to summarise this what we are looking for:

1. Resitance
2. Breakout
3. The failed parabola (or hook)
4. The price is moving away from our level

When we see this we have a resistance level that has not been tested as support.

This is our pattern.
Just want to bump WMD's summary...to help keep the thread on track with the OP's methodology and approach.

P.S. Hope he drops back in!
  • #546
  • Edited 9:40am Feb 16, 2010 9:21am | Edited 9:40am
Quoting FXSurfer
Just want to bump WMD's summary...to help keep the thread on track with the OP's methodology and approach.

P.S. Hope he drops back in!
He's around, but honestly, he's already given you everything that you need. Just study, test, study, test, study, test. It's all there my man. The studying and testing have a deeper value than just seeing if it'll work out or not and that value comes in the form of confidence.

You know that already, I just wrote it for the people who may be newcomers to the market yet. Have a good week brother. I'll post in anything that ends up looking nice. So far, it's just about the aussie and that's it. Usd/chf made a break out and retest lower, but I'd hardly claim that as a trade setup given this method alone.
I dream, therefore I become.
  • #547
  • Feb 16, 2010 9:28am Feb 16, 2010 9:28am
Quoting mike w
He's around, but honestly, he's already given you everything that you need. Just study, test, study, test, study, test. It's all there my man. The studying and testing have a deeper value than just seeing if it'll work out or not and that value comes in the for m of confidence.
I hear you, my friend! Thanks for you posts and charts!

I was kind of hinting at some who's charts are a bit indy-heavy for the thread and who's trade analysis, though good, seem to have little to do with the OP's approach.

Just wanting to re-focus the thread a bit.

  • #548
  • Edited Feb 17, 2010 12:02am Feb 16, 2010 9:37am | Edited Feb 17, 2010 12:02am
What would you say to this one ? It's cable H1, my 1st approach to this method
Please tell me if i got that right

thx
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Never whishing, always trading.
  • #549
  • Feb 16, 2010 1:10pm Feb 16, 2010 1:10pm
Hi,

I wondered if I got this right. Could this lead to a short when the previous support, now resistance holds?
Do you think my support area is at the right place?

Thanks for any comment,

FP
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Posting Demo charts, mirroring some of them live.
  • #550
  • Feb 16, 2010 1:24pm Feb 16, 2010 1:24pm
Quoting mike w
Daddy likey. Squeezy, my entry was at .8800 and my stop loss was at .8760, just below the top of the previous pin bar on 2-10. Sorry, it took so long to get back to ya my man.

If the retracement doesn't come, that's peachy! Positions are in and we're counting our blessings.

thnx Mike for the reply
was wondering why the thread was so quiet ....
anyways
cheers
Simplicity is the key to success
  • #551
  • Feb 17, 2010 8:25am Feb 17, 2010 8:25am
Chart speaks more than I can.
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I dream, therefore I become.
  • #552
  • Feb 17, 2010 9:24am Feb 17, 2010 9:24am
will you wait for 1.0730 or enter here?

aswell i have taken a short on euro yen. up 15 pips but it looks like it has more to give
bull in a china shop
  • #553
  • Feb 17, 2010 9:26am Feb 17, 2010 9:26am
Quoting plasmapants
will you wait for 1.0730 or enter here?

aswell i have taken a short on euro yen. up 15 pips but it looks like it has more to give
Plasmapants, I placed my position in at 1.0720.
I dream, therefore I become.
  • #554
  • Feb 17, 2010 9:38am Feb 17, 2010 9:38am
i found the euro yen on the daily. exited now for 30 pips. nice!!!


edit: fyi.... got rid of ma's, bollingers and fibos to stay in tune with the thread. put them back on after posting the pic.
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bull in a china shop
  • #555
  • Feb 17, 2010 9:42am Feb 17, 2010 9:42am
Quoting denverdude
I thought everyone use their eyes to spot setups. I do wear glasses :nerd:

Does anyone use other instruments like telescope, binocular etc to spot setups

I guess you intended to say naked charts

Anyway, waiting to read what you have to say
i prefer to trade naked when my wife is arround lol
  • #556
  • Feb 17, 2010 9:52am Feb 17, 2010 9:52am
Quoting swingtrader
i prefer to trade naked when my wife is arround lol

as long as the curtains are closed, what you do in the privacy of the changing cubicles in Gap is your business, and yours alone dont let anyone tell you otherwise.
bull in a china shop
  • #557
  • Feb 17, 2010 10:15am Feb 17, 2010 10:15am
dont you sometimes wish you had held on a little longer.
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bull in a china shop
  • #558
  • Feb 17, 2010 11:24am Feb 17, 2010 11:24am
Just started reading this thread because its almost identical to my style, hope I can learn something new.
You're right at higher time frames its almost 100% accurate.
  • #559
  • Feb 17, 2010 6:22pm Feb 17, 2010 6:22pm
anyone seeing this as long for usd against cad.

looks like a decent retrace and double bottom on hourly.
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bull in a china shop
  • #560
  • Feb 18, 2010 12:57pm Feb 18, 2010 12:57pm
here is one i just watched occur earlier today ..... didnt trade it but just watched .... training my eyes for now my conservative entry while watching was off the 15mins tf when it bounced off now support area, there was PA to go long
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Simplicity is the key to success
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