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Trading with Deadly Accuracy

  • #601
  • Feb 28, 2010 6:11am Feb 28, 2010 6:11am
the hourly europound could be a bit misleading. i'm looking at the daily and see room down to 8770 atleast. 8745 and 8740 looks like untested support.

8200 on the daily is an untested support aswell for long term.

I started targeting it already. (famous last words)


edit: wmd also said that the trendline should hold. so if it doesnt the price will come back. testing that theory with the shorts aswell.
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bull in a china shop
  • #602
  • Feb 28, 2010 8:21am Feb 28, 2010 8:21am
That is so well said, nothing more to add


Quoting ragu
absolutely...confidence is the name of this game...once you have a method that is statistically better than 50% and you couple that with good money management and discipline - it is a winning recipe. You will no longer be fighting the market, but rather flowing with it.
  • #603
  • Feb 28, 2010 6:40pm Feb 28, 2010 6:40pm
I have Sterling short at 5340 ish?
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bull in a china shop
  • #604
  • Mar 1, 2010 1:06pm Mar 1, 2010 1:06pm
Inspired by wmd and this wonderful thread, only starting to understand the scope.......

Thank you.
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Be like water.
  • #605
  • Mar 2, 2010 3:17pm Mar 2, 2010 3:17pm
Quoting azlan1
pa vs s/r, minus greed....
sure winner anyday, any time
Could you explain?

Thanks,

FP
Posting Demo charts, mirroring some of them live.
  • #606
  • Mar 2, 2010 9:15pm Mar 2, 2010 9:15pm
it's really hard to follow your charts. Your chart vs. WMD's chart.


.
http://img46.imageshack.us/img46/7968/87666925.gif

http://cdn.forexfactory.com/attachme...1&d=1258450359
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #607
  • Mar 3, 2010 2:36am Mar 3, 2010 2:36am
This thread has morphed into god only knows what.
  • #608
  • Mar 3, 2010 3:04am Mar 3, 2010 3:04am
Quoting FXSurfer
This thread has morphed into god only knows what.
Seems to be a TREND here at the factory.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #609
  • Mar 3, 2010 3:35am Mar 3, 2010 3:35am
Quoting FXSurfer
This thread has morphed into god only knows what.
God is most knowing, that's one of the virtue that we should try to fathom.

My apologies for trying too hard to show u guys that wmd's method does works, and it will work better if u do it according to what ur trading style is.
As usual, we could only try to help, but if it's just making u a pariah in this august thread, stop posting anything is the best thing to do.

no wonder P.C left.....

azlan1
  • #610
  • Mar 3, 2010 3:56am Mar 3, 2010 3:56am
Quoting azlan1
God is most knowing, that's one of the virtue that we should try to fathom.

My apologies for trying too hard to show u guys that wmd's method does works, and it will work better if u do it according to what ur trading style is.
As usual, we could only try to help, but if it's just making u a pariah in this august thread, stop posting anything is the best thing to do.

no wonder P.C left.....

azlan1
Look, sorry you're offended but, you post charts loaded with indicators and explanations of your trades that have very little to do with the simple methodology laid out by the thread starter. What do you expect? No one has a problem with what you're saying...it just doesn't have much to do with WMD's basic trading setup. If I'm wrong in saying so then, others can let me know. BTW: This isn't only directed at you or limited to this thread. If we participate in a thread that we haven't started it's just basic etiquette not to take it in a direction of our own choosing. Right?
  • #611
  • Mar 3, 2010 4:58am Mar 3, 2010 4:58am
Quoting FXSurfer
Look, sorry you're offended but, you post charts loaded with indicators and explanations of your trades that have very little to do with the simple methodology laid out by the thread starter. What do you expect? No one has a problem with what you're saying...it just doesn't have much to do with WMD's basic trading setup. If I'm wrong in saying so then, others can let me know. BTW: This isn't only directed at you or limited to this thread. If we participate in a thread that we haven't started it's just basic etiquette not to take it in a direction...
I'd suggest to keep the view of charts clear and simple, by simply posting not the chart you are trading from (if it is overloaded with indicators), but open another, clear chart, and make s/r levels the way you see them and post here. It doesn't matter the indi reacted at the level, or you just guessed it, what matters is that it exists right there. What also matters, that participants of the thread have good intentions, to share the experience. I think we all appreciate that. Thanks azlan1.
Lietuve
  • #612
  • Mar 3, 2010 5:36am Mar 3, 2010 5:36am
Any advice about eur/jpy?

Thanks

Greet you,

Yoenes
  • #613
  • Mar 3, 2010 1:05pm Mar 3, 2010 1:05pm
Quoting azlan1
1. pa vs s/r - just follow what wmd been showing us - enter short at resistance or long at support.
even though some of us might be very comfortable pinpointing s/r based on naked chart, indis such as pivot and fibo pivot or s/r won't hurt anyone's account.

2. minus the greed - TP at the s/r pls. i traded multi entries, using the H1 as my trade station, following the Daily and Weekly trend. TP1 - always at the s/r of the H1. BE+1 and free ride all the surplus positions.



hope this helps.

note: i've deleted my other posts in this thread, i'll...
Thanks for willing to explain what you do!
The charts are not easy to read at first sight, but you managed to incorperate wmd's ideas in your trading. Hope I manage to do that also!

FP
Note: thanks for leaving youre reply. Now I've read it. According to replies the answer disturbes the thread so you can choose to delete or leave them be.
Posting Demo charts, mirroring some of them live.
  • #614
  • Mar 3, 2010 11:03pm Mar 3, 2010 11:03pm
do we trade strictly on TA? does WMD consider news effect? or trading on news days?
  • #615
  • Mar 4, 2010 6:04am Mar 4, 2010 6:04am
i think that news probably doesn't make a difference because he is waiting for the price to comeback rather then for it to breakout.

i am practicing getting channels and trendlines right. out of the money on euro gbp at the moment. but heres a take on sterling.

i have an up channel. wmd said to be careful about upward break of channel. but i could sell its downward break. but i have hope yet that the gap will close. then theres a down trendline covering the gap so if price goes there then could be good shorting territory. i have 5340 for short anyway.

any input?
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bull in a china shop
  • #616
  • Mar 4, 2010 3:39pm Mar 4, 2010 3:39pm
here is one im watching ....
if this chart is accepted wrt wmd's requirements then ill go ahead and post some more im watching
dont want to piss anyone off
cheers
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Simplicity is the key to success
  • #617
  • Mar 4, 2010 3:55pm Mar 4, 2010 3:55pm
one of the slowest PA pairs
this will take forever
  • #618
  • Mar 4, 2010 5:07pm Mar 4, 2010 5:07pm
Quoting squeezy
here is one im watching ....
if this chart is accepted wrt wmd's requirements then ill go ahead and post some more im watching
dont want to piss anyone off
cheers
Nice to see you here.....i come from J16 family too.....
Patience is essential
  • #619
  • Mar 4, 2010 7:55pm Mar 4, 2010 7:55pm
Waiting...

.
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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #620
  • Mar 4, 2010 11:15pm Mar 4, 2010 11:15pm
Quoting robertw
one of the slowest PA pairs
this will take forever
well its faster than eurchf....lol
should be fun to watch though

Quoting benem
Nice to see you here.....i come from J16 family too.....
good to see u to benem

Quoting LasVahGoose
Waiting...

.
yup nice lvg, also watching this
would like a drop to 1.292 area but might be asking for too much

here is one im watching but no clear entry for me yet even though its bounced,need more conviction
zoom in a bit and ull see an entry to ride up to this level, very simple trade indeed (j16 fam know what im talking about)
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Simplicity is the key to success
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