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Trading with Deadly Accuracy

  • #821
  • May 18, 2010 11:45pm May 18, 2010 11:45pm
Quoting kiwi_trader
Applying PA is a choice not a necessity.

A book worth reading is Justin Mamis's "The Nature of Risk."

I may actually have that book in my Wish List for future reading. Thanks for the recommendation.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #822
  • May 19, 2010 12:18am May 19, 2010 12:18am
Good morning,

Nice morning with G/U not tested zone.

P.S in 30 min. we can cleaner to see hook than in 1h.

Vytautas
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  • #823
  • May 19, 2010 12:23pm May 19, 2010 12:23pm
Quoting LasVahGoose
Maybe a setup on the way: 4 HR Silver. Waiting....

.
Here is an update. Target one broke through and on the 1HR chart you can see a 2 HR pinbar form off this 1st BOP level acting as resistance. Good chance to make it to 2nd BOP target and will be looking for buys..
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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #824
  • May 20, 2010 1:03am May 20, 2010 1:03am
Quoting LasVahGoose
Here is an update. Target one broke through and on the 1HR chart you can see a 2 HR pinbar form off this 1st BOP level acting as resistance. Good chance to make it to 2nd BOP target and will be looking for buys..
hey LVG
if you ask me ,i think sellers are in control now....and this is my new area of bop, just waiting for it to manifest
not saying ur second area might not work but i try to follow what is happening currently
cheers
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Simplicity is the key to success
  • #825
  • May 20, 2010 1:09am May 20, 2010 1:09am
Quoting squeezy
hey LVG
if you ask me ,i think sellers are in control now....and this is my new area of bop, just waiting for it to manifest
not saying ur second area might not work but i try to follow what is happening currently
cheers
I agree, will have to watch and see how price reacts at that level.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #826
  • Jun 1, 2010 11:34pm Jun 1, 2010 11:34pm
Quoting LasVahGoose
Here is an update. Target one broke through and on the 1HR chart you can see a 2 HR pinbar form off this 1st BOP level acting as resistance. Good chance to make it to 2nd BOP target and will be looking for buys..
Thought I'd post a follow up, even though I didn't take any trades. The bottom most BOP did workout eventually, but obviously didn't hold as cleanly as most BOP's. Not sure how I would have played since I wasn't paying attention to Silver recently...


Just for the record.
.
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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #827
  • Jun 2, 2010 7:39pm Jun 2, 2010 7:39pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Got Stop out. Is this correct setup? GbpUsd 1H
SL is 10Xspread.
Shake it off!Lick the Wound,Prey Again!
  • #828
  • Jun 2, 2010 8:13pm Jun 2, 2010 8:13pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
The picture
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Shake it off!Lick the Wound,Prey Again!
  • #829
  • Jun 4, 2010 9:57am Jun 4, 2010 9:57am
what is the meaning of bop levels? pls reply

Quoting wmd
Here are some of the more common pattens indicating reversal.

We are looking for these at or near s/r/bop levels for non aggressive entry.
  • #830
  • Jun 4, 2010 10:19am Jun 4, 2010 10:19am
I need example of hook and swoosh. WMD I want you to post the chart or someone else. thanks alot

Quoting wmd
When price trends in any direction you will see the hooks. At the end of a trend you 'might' see the swoosh if an exhaustive rally takes place.

Try not to judge a formation before it is complete. It is best analysed after the event.

The line graphs definately add an interesting slant. Conjestion zones/horizontal clusters seem easier to identify.
  • #831
  • Jun 4, 2010 10:39am Jun 4, 2010 10:39am
Quoting uncletrumpet
what is the meaning of bop levels? pls reply
have you read the first pages of this thread? do it if not. BOP= break out pullback or break out point according to WMD
  • #832
  • Jun 4, 2010 11:23am Jun 4, 2010 11:23am
have read first 5 pages of this thread and very excited to finish reading the rest. many thanks to wmd for this thread.
  • #833
  • Jun 8, 2010 6:37am Jun 8, 2010 6:37am
this i believ is a sweet example of what wmd teaches


hey lvg, i see uve been following silver for a while ....
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Simplicity is the key to success
  • #834
  • Jun 9, 2010 2:54pm Jun 9, 2010 2:54pm
Quoting squeezy
this i believ is a sweet example of what wmd teaches


hey lvg, i see uve been following silver for a while ....
when you know what you are doing, thnx wmd
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Simplicity is the key to success
  • #835
  • Jun 9, 2010 6:40pm Jun 9, 2010 6:40pm
Squeezy,

Thank you for your clear charts.They are very good samples of this system.
Failure, is a wonderful teacher!
  • #836
  • Jun 15, 2010 8:51am Jun 15, 2010 8:51am
Hi,

Awesome thread you've got going here. I've been trading for a couple years now but I'm still at about a 50-50 average.

Looking at EUR/USD on around a 15 minute TF. Do I see a hook coming up from the 1.2180 level (hooking down to/bouncing up from 1.2245)? If so, would I want to wait until it retraces and go long at 1.2180, 1.2200, or 1.2220? I am really liking this type of trading as opposed to using indicators. Thanks in advance for any help.
  • #837
  • Edited 7:30am Jun 17, 2010 5:37am | Edited 7:30am
Hi folks,

Due to popular demand (that's about 3 people), I've started an email distro list to post out charts.

To be included drop a request to [email protected]
  • #838
  • Jun 17, 2010 8:33pm Jun 17, 2010 8:33pm
i've pm'd my email address. please add to your list. tried emailing but it bounced a couple of times. thanks.
bull in a china shop
  • #839
  • Edited Jul 17, 2010 7:38pm Jul 16, 2010 10:47pm | Edited Jul 17, 2010 7:38pm
this thread is dead
this method doesnt work
wmd,didnot you take backtest before you state its a deadly accuray method ?
there are many false signals
  • #840
  • Jul 25, 2010 6:46am Jul 25, 2010 6:46am
I'm sorry I don't agree!
For me this thread was of great help to understand how to react on support/resistance areas. I highly appreciate what wmd and the other people here shared as experience! And price keeps reacting exactly as it is described here over and over again...
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