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Trading with Deadly Accuracy

  • #781
  • Apr 6, 2010 10:07am Apr 6, 2010 10:07am
Hello squeezy and others,

is this a valid buy setup on CHF/JPY H!?

.......
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Trading is a delicate balance of Strategy , Money management and Psychology
  • #782
  • Apr 6, 2010 10:29am Apr 6, 2010 10:29am
Quoting oneuniverse
Hello squeezy and others,

is this a valid buy setup on CHF/JPY H!?

.......
very correct oneuniverse, actually had that on my watchlist

Quoting plasmapants
nice one squeezy. but giv uz a bit more notice please!!!!!

currently looking at euro japanee 127 region for short bop.
ill try, let me look for a chart or 2.......1 sec
Simplicity is the key to success
  • #783
  • Apr 6, 2010 10:54am Apr 6, 2010 10:54am
disclaimer: im not a professional trader (yet), please dnt try this at home...lol
i believe the more you religiously do the same thing over and over again, the better you shld/wld/cld get
2 things im working on now are
i. spotting the setup
ii. best way of attacking the setup
spotting the setup is one thing, how to enter, what to do when u r in etc is a whole different thing entirely
might help, might not ...... we all have different learning patterns,time span as we all dnt think alike
i have a lot to say which i use as a reminder to myself but ill leave that for next time
btw im still demo trading till i get a good feel of this method which would play a massive role in terms of psychology for me
gosh! hope i made a bit of sense ..... anyways
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Simplicity is the key to success
  • #784
  • Apr 6, 2010 2:20pm Apr 6, 2010 2:20pm
Quoting oneuniverse
Hello squeezy and others,

is this a valid buy setup on CHF/JPY H!?

.......
here you go
got my entry & reduced my risk, it hasnt blasted off as i expected...lol
same scenario on ej but didnt trigger so cancelling my order
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Simplicity is the key to success
  • #785
  • Apr 7, 2010 7:49am Apr 7, 2010 7:49am
Hi,

regarding CHF/JPY, it would have been BE trade ......

this one looks nice !
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Trading is a delicate balance of Strategy , Money management and Psychology
  • #786
  • Apr 7, 2010 8:21am Apr 7, 2010 8:21am
Quoting oneuniverse
Hi,

regarding CHF/JPY, it would have been BE trade ......

this one looks nice !

yup chfjpy was a be for me
trading isnt necessary about making money, its about not loosing.....lol
lets watch this one play out together
cheers
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Simplicity is the key to success
  • #787
  • Apr 11, 2010 1:13pm Apr 11, 2010 1:13pm
Something on my watchlist...
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  • #788
  • Apr 12, 2010 12:08am Apr 12, 2010 12:08am
Hi every one,

I Have read this post twice now.

Very intresting!!!!!

When I find out how to post a chart, would it be ok to get a few pointers to see if I have and understanding of WMD method.

And also better say a very late thanks to WMD, very kind of you to share your knowledge.

Bye for now!!
  • #789
  • Apr 12, 2010 12:53am Apr 12, 2010 12:53am
been kind of busy lately, here are 2 im in ....
others closed, some not triggered, some losers
was a good learning week last week though
cheers guys
practice continues, good trading to all
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Simplicity is the key to success
  • #790
  • Apr 12, 2010 1:08am Apr 12, 2010 1:08am
Watching...
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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #791
  • Apr 12, 2010 1:29am Apr 12, 2010 1:29am
...
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  • #792
  • Edited 6:26am Apr 12, 2010 6:15am | Edited 6:26am
i have this up channel on pound.

careful how she goes. the gap is to the south. closing of the gap coincides with bop so could be interesting level to reenter long.


edit: utl for potential short.
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bull in a china shop
  • #793
  • Apr 12, 2010 8:39am Apr 12, 2010 8:39am
i seem to be seeing alot of levels not holding, its very possible i'm not identifying them correctly, can i post a couple examples and see if you can tell me if they dont meet the criteria? thanks alot, lisa
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  • #794
  • Edited 10:01am Apr 12, 2010 9:37am | Edited 10:01am
heres another view.

the first box on the left identifies s/r. look how far price reacted from it. the second box is fake break of the level. a short while after the price breaks the level and hooks.

its easier in hindsight but still a worthwhile excercise. maybe look for levels on old charts and then work on live charts.



eurousd looks like its in a range. much harder to identify bops. the move below 3450 could have been a false break. im looking at bops above 138 to go short.
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bull in a china shop
  • #795
  • Apr 13, 2010 4:43am Apr 13, 2010 4:43am
euro jpy bop.

(i think 12596 is a level aswell, but 86 is lowest risk. only needs 25 pip stop)
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bull in a china shop
  • #796
  • Apr 13, 2010 5:01am Apr 13, 2010 5:01am
Quoting squeezy
disclaimer: im not a professional trader (yet), please dnt try this at home...lol
i believe the more you religiously do the same thing over and over again, the better you shld/wld/cld get
2 things im working on now are
i. spotting the setup
ii. best way of attacking the setup
spotting the setup is one thing, how to enter, what to do when u r in etc is a whole different thing entirely
might help, might not ...... we all have different learning patterns,time span as we all dnt think alike
i have a lot to say which i use as a reminder to myself but...
it sure does makes sense to me....the levels mentioned are the ones haven't been played around with with but for that EU needs to fil the gap that it has left behind on monday.....i.e. from 1.349x(fridays closing)-1.3554(this is todays low)....need to be patient i guess but it's not necessary that this would happen in a days time......lets wait and see shall we?
Raza
  • #797
  • Apr 13, 2010 5:30am Apr 13, 2010 5:30am
Quoting shr5
it sure does makes sense to me....the levels mentioned are the ones haven't been played around with with but for that EU needs to fil the gap that it has left behind on monday.....i.e. from 1.349x(fridays closing)-1.3554(this is todays low)....need to be patient i guess but it's not necessary that this would happen in a days time......lets wait and see shall we?
they say practice makes perfect, ive been working on "attacking the setup" which would take a while to get my hand on but the good thing is that im seeing the good, the bad and the ugly & knowing how/when to attack....also seeing what price is trying to do better (i think).....lol
bottomline is if u want to be good at something, stick with that thing even when the road is rough, thats the only way one can learn.
all we need is to master a method to make money, the same patterns occur over and over again on diff tfs.
im sure there might be some who after giving this method a shot a couple of times will decide to move on but you would only get frustrated the more system hopping....
sorry to talk off topic but im just trying to make this stick in my head, this is not directed at anybody, well actually to myself
ok here is one ive had my eyes on for a while, we cld watch how it unfolds together, pls remember only on demo
cheers
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Simplicity is the key to success
  • #798
  • Apr 13, 2010 8:52am Apr 13, 2010 8:52am
chart
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Simplicity is the key to success
  • #799
  • Apr 14, 2010 11:14am Apr 14, 2010 11:14am
update to my audnzd trade and nzdusd, audnzd has been struggling throughout the day showing the battle between buyers and sellers at this interest area
almost got stopped out on nzdusd by 1pip last night due to the news on nzd but moving smoothly now....
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Simplicity is the key to success
  • #800
  • Apr 22, 2010 6:59pm Apr 22, 2010 6:59pm
pound chuffy at bop and down trendline.


lets see what happens. down target could go down as far as 1.5970.
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bull in a china shop
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