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Trading with Deadly Accuracy

  • #841
  • Jul 25, 2010 10:34am Jul 25, 2010 10:34am
Quoting wolaisisi
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

People trade different ways, if it does not work for you, that's ok. People see the market different ways and trade many different methods.. If you haven't found a method that works for you you will.. Just keep at it, For me this method works great.. I have found that only supply and demand works for me in the higher time frames that is, 5-15 minute are only used for entries but will give more wipsaw action.. I love this thread......
  • #842
  • Jul 25, 2010 10:34am Jul 25, 2010 10:34am
Quoting fx13new
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...
I'm with you on this...
  • #843
  • Jul 27, 2010 1:43am Jul 27, 2010 1:43am
Quoting wolaisisi
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
try reading the thread from the beginning & maybe 1 or 2 lightbulbs will come on.
no point bashing the thread starter who has put in a lot to help others
those that have been here for a while know the worth of this thread

will it hold, really dnt know but its definately an area I know some would be watching for rxn.
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Simplicity is the key to success
  • #844
  • Jul 27, 2010 5:21am Jul 27, 2010 5:21am
What did I do wrong?

Looking back on the 4hr chart for EUR/CHF there's untested resistance at about 1.37327 from 9 June 2010. So today, I was expecting this pair to hit this and turn down!

Did I interpret the chart wrong? What are your thoughts?
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  • #845
  • Jul 27, 2010 11:47pm Jul 27, 2010 11:47pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Drewsus
What did I do wrong?

Looking back on the 4hr chart for EUR/CHF there's untested resistance at about 1.37327 from 9 June 2010. So today, I was expecting this pair to hit this and turn down!

Did I interpret the chart wrong? What are your thoughts?
This is my thought
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Shake it off!Lick the Wound,Prey Again!
  • #846
  • Jul 29, 2010 5:16pm Jul 29, 2010 5:16pm
Very interested in trading with more accuracy... Thanks for sharing. Look forward to your posts.


TXTRADER
  • #847
  • Aug 20, 2010 5:33pm Aug 20, 2010 5:33pm
Quoting The Lord
I will try to answer if I am right.

First of all, you are trying to catch a sharp falling knife. As wmd stated, that is an aggressive entry. That was still not a problem. I feel your stop was very small. It should have been below the 1.48202 level.

Next thing I can see is, you haven't drawn your S/R line at the exact tip of bars. If you had entered at the same level later on when price started to come up, there wouldn't have been a problem at all!

Sorry if I am wrong. I am just practicing the wmd method.
Remember, vertical, then diagonal. That entry was right after a vertical move. There was los of momo there. Ever heard of a V bottom, its a powerful reversal that looks like a V, a diagonal to a turnng point and back up.
Tipster Trendlines - Trade from the chart
  • #848
  • Aug 20, 2010 7:59pm Aug 20, 2010 7:59pm
Quoting Tipster
Remember, vertical, then diagonal. That entry was right after a vertical move. There was los of momo there. Ever heard of a V bottom, its a powerful reversal that looks like a V, a diagonal to a turnng point and back up.
This thread is always worthy of resurrection. It can teach one a great deal.

But Tipster... if you think you are trading to "take my money" it really doesn't have to be that way. Trading is not a zero sum game regardless of what you might believe.
  • #849
  • Aug 20, 2010 8:32pm Aug 20, 2010 8:32pm
It's just a tag line... no more, no less. But it has served its purpose of gaining a reaction.

I always forget to look at the dates!!

BTW - I dont mean I'm trading to take "Trade Runners" money, its everyone else I'm after.... anyways, have a nice weekend.
Tipster Trendlines - Trade from the chart
  • #850
  • Aug 20, 2010 9:07pm Aug 20, 2010 9:07pm
Quoting TradeRunner
Tipster... if you think you are trading to "take my money" it really doesn't have to be that way
If Tip wants my money he'll have to fight my broker for it.



Hey! This was a good thread. Let's get it going!
  • #851
  • Aug 20, 2010 9:28pm Aug 20, 2010 9:28pm
Quoting Tipster
It's just a tag line... no more, no less. But it has served its purpose of gaining a reaction.

I always forget to look at the dates!!

BTW - I dont mean I'm trading to take "Trade Runners" money, its everyone else I'm after.... anyways, have a nice weekend.
I realize that but you really don't have to "be after" anyone. Unless you are trading for a few million dollars per trade your "being after someone's money" is only wishful thinking.

Until you reach the status of George Soros you should simply trade according to your own methodology. Once you reach George's status, please let me know and I will trade with you.

peace, out
tr
  • #852
  • Aug 21, 2010 10:04am Aug 21, 2010 10:04am
A debate! I hate debates, I like to keep quiet and listen and plan.

OK, FXSurfer wants to get this going again.... I'm in. I'm making an EA to trade this way, its manual, draw the lines and stuff. The intent is to have a tool to allow easier order management.
http://www.forexfactory.com/showthread.php?t=250637

I've already had some great trades using the EA to manage trades placed using this s/r method. I also trade off sloped lines, like Rob Booker does.

Start posting charts! Hey, a pile of posts ago wmd set up an email list.... is it still going?

Tipster
Tipster Trendlines - Trade from the chart
  • #853
  • Aug 31, 2010 2:42pm Aug 31, 2010 2:42pm
Great thread and information. Still reading and trusting to become a better trader.

Thanks all
Low Risk Low Stress High Reward High Probability Trades
  • #854
  • Sep 22, 2010 10:45am Sep 22, 2010 10:45am
Quoting wolaisisi
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
just wondering if you got past the first 3 pages...seems like you didn't
  • #855
  • Sep 22, 2010 2:00pm Sep 22, 2010 2:00pm
I would like to see this thread get going again. WMD are you there? Your system works for me!
  • #856
  • Oct 31, 2010 8:48pm Oct 31, 2010 8:48pm
I'm slowly catching up with the industrial revolution.

You can now follow my trades and random thoughts on Twitter.

My twitter id is really creative. Just wanted to do something completely different.

Heres a link: https://twitter.com/wmd4x
  • #857
  • Oct 31, 2010 11:31pm Oct 31, 2010 11:31pm
Quoting wmd
I'm slowly catching up with the industrial revolution.

You can now follow my trades and random thoughts on Twitter.

My twitter id is really creative. Just wanted to do something completely different.

Heres a link: https://twitter.com/wmd4x
If you're posting on FF again, then I'm coming back too! haha!
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #858
  • Nov 1, 2010 1:52am Nov 1, 2010 1:52am
Quoting LasVahGoose
If you're posting on FF again, then I'm coming back too! haha!
Yes indeedy!

Good to see you both!

  • #859
  • Edited 2:10pm Nov 1, 2010 4:45am | Edited 2:10pm
Quoting LasVahGoose
If you're posting on FF again, then I'm coming back too! haha!

I'm sure there are lots of other reasons to be here. Noticed several pa threads doing really well.
  • #860
  • Nov 3, 2010 8:13pm Nov 3, 2010 8:13pm
Random trend lines on le-Euro.

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