M&W-Trading | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Billy & Jim TMA & Channel & Life Health & Wealth 1,084 replies

TEB : BB, Stoch & MACD- 15 & 60 min trading 21 replies

Successful Trading & Determining the Probability of a Trading System 10 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Trading Supply & Demand (ob & os) 17 replies

Attachments: M&W-Trading
Exit Attachments

M&W-Trading

  • #41
  • Jan 20, 2011 1:37pm Jan 20, 2011 1:37pm
Hi

Another pic from todays GBPUSD. 20.30 CET

Good example: Look how the Market Makers and the Fat Cats works.
There was a "breakout" at 1,59200 area when the price moved down under the support level. Probably loads of sell orders was distributed here, and then suddenly the price retraced quickly and the stop-hunting party begun.
Attached Image (click to enlarge)
Click to Enlarge Name: Skärmklipp.JPG Size: 127 KB
  • #42
  • Jan 20, 2011 2:54pm Jan 20, 2011 2:54pm
Quoting Zabana
Hi

Another pic from todays GBPUSD. 20.30 CET

Good example: Look how the Market Makers and the Fat Cats works.
There was a "breakout" at 1,59200 area when the price moved down under the support level. Probably loads of sell orders was distributed here, and then suddenly the price retraced quickly and the stop-hunting party begun.
Great charts, Zabana...and great "reading" of the MM's movement! Thanks for sharing!

NeoRio
Sentiment: Short on cash. Long on hope.
  • #43
  • Jan 20, 2011 2:55pm Jan 20, 2011 2:55pm
Quoting CanuckCT
My 3 trades today...AU was not a very good entry....did not have any bullish candle...the buy was simply at what could have been a double bottom, hence the tight stop. It never went far enough to move to breakeven.

Cheers
CanuckCT
Attachment
CanuckCT, you're totally slaying the markets! Congrats on the great trades where you are picking out the winners from the losers. Thanks for sharing your screen shots with us!

Best Regards,
Neo
Sentiment: Short on cash. Long on hope.
  • #44
  • Jan 23, 2011 8:56pm Jan 23, 2011 8:56pm
This may be of interest to readers of this thread:


http://www.surinotes.com/Tradestatio...suriDragon.pdf

Hope you like.
Hej.
  • #45
  • Jan 23, 2011 9:11pm Jan 23, 2011 9:11pm
Quoting Stitch961
This may be of interest to readers of this thread:


http://www.surinotes.com/Tradestatio...suriDragon.pdf

Hope you like.
Very good document, Stitch. Thanks for sharing. Did this PDF cost $5,100?
Sentiment: Short on cash. Long on hope.
  • #46
  • Jan 23, 2011 10:00pm Jan 23, 2011 10:00pm
Hi Zabana,

Would you please or anyone who knows help me understand what the Quick Fibonacci Reverse Scale is telling on the screenshot below?

Thank you!

Dito


Attached Image (click to enlarge)
Click to Enlarge Name: question.jpg Size: 176 KB
  • #47
  • Jan 23, 2011 11:47pm Jan 23, 2011 11:47pm
BTW, I started a Skype room for Market Maker trading discussions. If you're interested in joining, lemme know.

Regards,
Neo
Sentiment: Short on cash. Long on hope.
  • #48
  • Edited 2:45am Jan 24, 2011 2:19am | Edited 2:45am
Quoting dito042
Hi Zabana,

Would you please or anyone who knows help me understand what the Quick Fibonacci Reverse Scale is telling on the screenshot below?

Thank you!

Dito


Attachment
Hi Dito. I use the QuickFib only on M5 and M15 for this M/W-pattern.
The QuickFib indicator is flexible and measures High and Low for each TF.
Look at todays GBPUSD chart M15. The price will probably go up and reach yesterdays (Fridays) high at 1,60161. When the the Market Makers ( probably) hunts sellstops above 1,60161 up to approx 1,60500, then we will have a higher high and the fibscale will change ( The zeroline will move up to 1,60500 "perhaps"). Then look for a M-pattern and try to enter short on the scale between 0.00-23.6. Also look at CanuckCT´s ATR-Lines, today we have the upper line at 1,60660 on GBPUSD, so i think that in the 1,60500 area is where we shall try to find a M-pattern today.
However the GBPUSD is very manipulated right now so nothing is 100% sure
Attached Image (click to enlarge)
Click to Enlarge Name: Skärmklipp.JPG Size: 142 KB
Attached File(s)
File Type: mq4 QuickFib.mq4   6 KB | 983 downloads
  • #49
  • Edited 3:50am Jan 24, 2011 3:40am | Edited 3:50am
Hi again...

It looks that we have a support at the fibo 50.0 area M15 on GBPUSD,,maybe we will have a small W-formation here, I think i shall go long and see if i can get 70-100 pip on this trade.. ( 2 orders at 1,59540 / SL at 1,59340 )

VBR: Zabana
Attached Image (click to enlarge)
Click to Enlarge Name: Skärmklipp.JPG Size: 143 KB
  • #50
  • Edited 4:58am Jan 24, 2011 4:25am | Edited 4:58am
Ouch,,, that trade dident go very well... .. Price hit SL
Second chance at 1,59330 with tight SL this time..
  • #51
  • Jan 24, 2011 7:17am Jan 24, 2011 7:17am
Quoting Zabana
Hi Dito. I use the QuickFib only on M5 and M15 for this M/W-pattern.
The QuickFib indicator is flexible and measures High and Low for each TF....
right now so nothing is 100% sure
So the flashing Up or Down of the QuickFib indicator has no bearing at all as to where the price is supposed to go; correct? If correct, is there a way to turn it off or has it a different reason for displaying on charts?

Thank you!

Dito
  • #52
  • Jan 24, 2011 8:02am Jan 24, 2011 8:02am
Yes, correct, but I think its very usefull on M15 and get a fibscal on H/L.
However i think that Camarilla,Pivot, ATR- lines are more important. But my idea is to enter the orders ASAP =Quickfib 0.0-23.0 soo that i have a distance to the Fib 50.0 level wich is a typical retracement level..
  • #53
  • Jan 24, 2011 9:12am Jan 24, 2011 9:12am
Quoting Zabana
Yes, correct, but I think its very usefull on M15 and get a fibscal on H/L.
However i think that Camarilla,Pivot, ATR- lines are more important. But my idea is to enter the orders ASAP =Quickfib 0.0-23.0 soo that i have a distance to the Fib 50.0 level wich is a typical retracement level..
Understood and thank you!

Dito
  • #54
  • Jan 24, 2011 10:10am Jan 24, 2011 10:10am
Here is my EU trade

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-24_1205.png Size: 26 KB


Based on a close above 1.36.

Other trades today - GU short for +33, AU short for -17, two +1 trades (both were EU...and should have taken some pips).

Was in heavy on this one or I would have taken some others. USDCHF short was good as was USDJPY short. GU,AU and EU longs all triggered for me.

Cheers
CanuckCT
  • #55
  • Jan 24, 2011 11:11am Jan 24, 2011 11:11am
Here was an M on UJ today....I almost took UJ short...was watching M5 and not M15...but a clear area of consolidation,

Here is the M15 and the M pattern...

Attached Image


Here is the M5....and an obvious break of consolidation.

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-24_1310.png Size: 31 KB


Cheers
CanuckCT
  • #56
  • Edited 1:12pm Jan 24, 2011 12:57pm | Edited 1:12pm
Attached Image (click to enlarge)
Click to Enlarge Name: 01242011a.jpg Size: 152 KB


At times it was extremely difficult to enter trades. The platform freezes constantly especially toward NY open and the trades that hit SL (about 20 pips) were hit before actually reaching the SL levels I had entered. It's smelling something on the other side of my computer screen; am I right? Is there a truly honest broker to deal with out there? Which one (not that I know for sure that someone out there is cleaning my SL before they should have been hit. But who knows...)

Attached Image (click to enlarge)
Click to Enlarge Name: 01242011b.jpg Size: 159 KB


Dito
  • #57
  • Jan 25, 2011 10:18am Jan 25, 2011 10:18am
Someone here just taught me how to use the DTI indicator. And others other things. Priceless!

My heartfelt Thanks to all!

Attached Image (click to enlarge)
Click to Enlarge Name: 12511.jpg Size: 202 KB
  • #58
  • Jan 25, 2011 12:44pm Jan 25, 2011 12:44pm
Quoting dito042
Someone here just taught me how to use the DTI indicator. And others other things. Priceless!

My heartfelt Thanks to all!

Attachment
The thing about looking at these indicators after the fact and being able to point out where the entry was after you see it on the chart, is that it's not really fair. Things aren't that clear in real time. The TDI (along with many other indicators) repaint, and when that next M15 candle (of M5 candle...if you're into that) opens, the slope of the TDI, or SS will move accordingly (repaint) to reflect what the *last* candle did.

I have gotten to a point in my trading that I don't really use the indicators for entries anymore...I still use indicators, don't get me wrong, but more for confirmation to believe that I *may* be on the right side of things.

Neo
Sentiment: Short on cash. Long on hope.
  • #59
  • Jan 25, 2011 1:50pm Jan 25, 2011 1:50pm
Quoting NeoRio
The thing about looking at these indicators after the fact and being able to point out where the entry was after you see it on the chart, is that it's not really fair. ...I still use indicators, don't get me wrong, but more for confirmation to believe that I *may* be on the right side of things.

Neo
Friend,

In this case it was NOT "after the fact", which actually enabled me to enter two trades and exit them just as seen on the chart. If it was after the fact then, I would not have been able to enter trades.

Yes, many indicators I have seen do repaint and I later trash them. If I conclude that TDI is one of them, then soon it will be gone from my charts.

Thank you
  • #60
  • Jan 25, 2011 5:25pm Jan 25, 2011 5:25pm
Quoting dito042
Friend,

In this case it was NOT "after the fact", which actually enabled me to enter two trades and exit them just as seen on the chart. If it was after the fact then, I would not have been able to enter trades.

Yes, many indicators I have seen do repaint and I later trash them. If I conclude that TDI is one of them, then soon it will be gone from my charts.

Thank you
Thanks for the answer. It's always encouraging to hear of people getting to know the TDI in a more intimate way and to have it work. I used the TDI for about 3 months in my early days of learning the CH method. The repainting for me was the hardest issue to overcome when entering a trade (when the green crosses the red, and when both green and red cross the yellow, etc)...sometimes the cross happening in realtime would undue itself with the formation of the new candle and this made it difficult to base my entries on that red/green cross (that Big E talks about).

Kind Regards,
Neo
Sentiment: Short on cash. Long on hope.
0 traders viewing now