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Trading with Deadly Accuracy

  • #1,061
  • Jan 10, 2011 9:16am Jan 10, 2011 9:16am
Quoting Sdvsa
I now try to look at it this way:
http://img210.imageshack.us/img210/5...10usdjpyh1.png
i need some help lol, i only just started with this method
  • #1,062
  • Jan 10, 2011 9:18am Jan 10, 2011 9:18am
Quoting deankenny21
i need some help lol, i only just started with this method
Option for me is to sell rebound from lover SR level or leave it be.
  • #1,063
  • Jan 10, 2011 9:21am Jan 10, 2011 9:21am
This would be even more telling:
http://img3.imageshack.us/img3/1675/...0usdjpym15.png
  • #1,064
  • Jan 10, 2011 9:23am Jan 10, 2011 9:23am
Quoting Sdvsa
This would be even more telling:
http://img3.imageshack.us/img3/1675/...0usdjpym15.png
I shorted at 82.90 was that a good call?
  • #1,065
  • Jan 10, 2011 9:28am Jan 10, 2011 9:28am
Quoting deankenny21
I shorted at 82.90 was that a good call?
I am in too.
With respect to how much you believe in a given setup, you might want to set SL @ BE -- at risk of being taken-out, because smart money are going for it more often than not.

We call it re-testing, but it has this nice side benefit.
  • #1,066
  • Jan 10, 2011 9:29am Jan 10, 2011 9:29am
Quoting Sdvsa
I am in too.
With respect to how much you believe in a given setup, you might want to set SL @ BE -- at risk of being taken-out, because smart money are going for it more often than not.

We call it re-testing, but it has this nice side benefit.
yea i took profits at +8 pips so ill move sl to BE
  • #1,067
  • Jan 10, 2011 9:33am Jan 10, 2011 9:33am
Dollar Index just fell at daily pivot:
http://img811.imageshack.us/img811/378/20110110dxh4.png

Market confluences: make or break for both of them.
  • #1,068
  • Jan 10, 2011 9:40am Jan 10, 2011 9:40am
EX hit its daily pivot at the same:
http://img339.imageshack.us/img339/1...110110exh4.png
  • #1,069
  • Jan 10, 2011 9:43am Jan 10, 2011 9:43am
Quoting Sdvsa
EX hit its daily pivot at the same:
http://img339.imageshack.us/img339/1...110110exh4.png
i have no idea what that is, in the mean time, we are still in the game regarding USD JPY
  • #1,070
  • Jan 10, 2011 9:45am Jan 10, 2011 9:45am
Quoting deankenny21
i have no idea what that is, in the mean time, we are still in the game regarding USD JPY
Yes,
the game never dies :-)
  • #1,071
  • Jan 10, 2011 9:46am Jan 10, 2011 9:46am
Quoting Sdvsa
Yes,
the game never dies :-)
You are good, stay in this thread dude, keep me updated, so i can assure myself im getting the hang of these setups
  • #1,072
  • Jan 10, 2011 9:52am Jan 10, 2011 9:52am
Quoting deankenny21
You are good, stay in this thread dude, keep me updated, so i can assure myself im getting the hang of these setups
These setups offer a blueprint for trading among supply/demand zones in my oppinion.
So first step to master is identification of these zones and then execution of trades among them.

Check out some webinars by Sam Seiden for more about use of SD zones.

I am in the process too.
  • #1,073
  • Jan 10, 2011 9:54am Jan 10, 2011 9:54am
Quoting Sdvsa
These setups offer a blueprint for trading among supply/demand zones in my oppinion.
So first step to master is identification of these zones and then execution of trades among them.

Check out some webinars by Sam Seiden for more about use of SD zones.
i see, well hopefully you can help me out a bit, as you notice things, and i will also post charts and analysis, and u can tell me if im in the right ball park
  • #1,074
  • Jan 10, 2011 10:05am Jan 10, 2011 10:05am
Quoting deankenny21
i see, well hopefully you can help me out a bit, as you notice things, and i will also post charts and analysis, and u can tell me if im in the right ball park
Yes,
this way, we are helping each other to gain mastery.
  • #1,075
  • Jan 10, 2011 10:06am Jan 10, 2011 10:06am
Quoting Sdvsa
Yes,
this way, we are helping each other to gain mastery.
yes , and this what this forum all about, in the meantime i took some more profits out of usd jpy, SL still at BE. i have 1/3 of my position left in the market to play out however it wants
  • #1,076
  • Jan 10, 2011 10:23am Jan 10, 2011 10:23am
Quoting deankenny21
yes , and this what this forum all about, in the meantime i took some more profits out of usd jpy, SL still at BE. i have 1/3 of my position left in the market to play out however it wants
My recommendation would be to start projecting TP's to Supply/Demand zones that are probably going to be tested if setup is valid.
This will deepen your understanding of the method and will help you to establish Risk:Reward ratio of your trades.

Conservative TP's might in my view be as follows:
http://img140.imageshack.us/img140/5...10usdjpyh4.png
  • #1,077
  • Jan 10, 2011 10:37am Jan 10, 2011 10:37am
Quoting Sdvsa
My recommendation would be to start projecting TP's to Supply/Demand zones that are probably going to be tested if setup is valid.
This will deepen your understanding of the method and will help you to establish Risk:Reward ratio of your trades.

Conservative TP's might in my view be as follows:
http://img140.imageshack.us/img140/5...10usdjpyh4.png
i see thanks for that
So what made this USD JPY trade vaild in your eyes, because i thought we had to wait for a parabola type approach back to the zone, but the trade we got into was an instant bull candle after downwwards breakout, which we sold at on top of bull candle
  • #1,078
  • Jan 10, 2011 10:47am Jan 10, 2011 10:47am
Quoting deankenny21
i see thanks for that
So what made this USD JPY trade vaild in your eyes, because i thought we had to wait for a parabola type approach back to the zone, but the trade we got into was an instant bull candle after downwwards breakout, which we sold at on top of bull candle
You are right,
this is not true Deadly setup: we see rejection of the upper resistance and lower support potentially turning into resistance. We notice momentum is bearish and see bearish engulfing pattern after first rejection of the lower support: our alarm goes up.
From Deadly method we adopt waiting for support to turn into resistance and then execute.
  • #1,079
  • Jan 10, 2011 10:52am Jan 10, 2011 10:52am
Quoting Sdvsa
You are right,
this is not true Deadly setup: we see rejection of the upper resistance and lower support potentially turning into resistance. We notice momentum is bearish and see bearish engulfing pattern after first rejection of the lower support: our alarm goes up.
From Deadly method we adopt waiting for support to turn into resistance and then execute.
OK, i might get the hang of this, how about this then, on eur usd chart 1.2960 for a sell. I put the onto a line graph and can see a parabola type return to 1.2960 in place, how does this look to you?
  • #1,080
  • Edited 11:26am Jan 10, 2011 11:11am | Edited 11:26am
Quoting deankenny21
OK, i might get the hang of this, how about this then, on eur usd chart 1.2960 for a sell. I put the onto a line graph and can see a parabola type return to 1.2960 in place, how does this look to you?
By the looks of it, I would consider Euro to be sitting in the trenches.
Best thing to do is to wait for momentum to arise and then find opportunity to execute using methods we are mastering.

My personal outlook for EU is long, but we cannot let it interfere with what price action is telling us. For any up-move to start there must be opportunity to accumulate cheaply -- which is in my view what the current situation on Euro is about. And I would not be in the slightest surprised if it would sit-down at 1.27 to accommodate for this (for any market to move, there must be two equally convinced sides to take opposing part of the trade for each other and EU must provide them with space for this to occur).
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