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M&W-Trading

  • #61
  • Jan 26, 2011 4:37am Jan 26, 2011 4:37am
Hi Traders... Look for a M-pattern on EURUSD / Lunchtime CET.. maybe there can be a good reason to enter short at the 1,37200 area..
We shall see...

VBR: Z
Attached Image (click to enlarge)
Click to Enlarge Name: Skärmklipp.JPG Size: 84 KB
  • #62
  • Edited 3:35am Jan 27, 2011 3:11am | Edited 3:35am
Hi Dito...

This is what i try to explain: Look for a "Golden Rectangel" inside the Camarilla Box before U get the 4:th leg in a M or W-formation, approx 20-50 pip above/below the asian-channel.

VBR: Z
Attached Image (click to enlarge)
Click to Enlarge Name: Skärmklipp.JPG Size: 75 KB
Attached File(s)
File Type: mq4 camarilla.mq4   5 KB | 1,021 downloads
File Type: mq4 BreakOut_PANCA_EAGLE__indicator - Kopia.mq4   7 KB | 1,168 downloads
  • #63
  • Jan 27, 2011 8:42am Jan 27, 2011 8:42am
It did retrace but did not drop back to the stoploss area and shot up 50 pips in 5 minutes time. I was thinking this is not the typical W formation. Looks like it want to make an M formation at the top instead. Watching now if the right side will work out this time.
  • #64
  • Jan 31, 2011 7:17am Jan 31, 2011 7:17am
Hi Zabana,

Would you consider this a valid "W" pattern?

Thanks,
Attached Image
  • #65
  • Feb 1, 2011 5:29am Feb 1, 2011 5:29am
Quoting pilotfish
Hi Zabana,

Would you consider this a valid "W" pattern?

Thanks,

Hi Pilotfish,,

Yes, but this one appeard in the middle of the Asian-channel i think,,,
VBR:Z
  • #66
  • Feb 1, 2011 5:33am Feb 1, 2011 5:33am
Hi Traders,,, lets try again,, today 1:st of Feb i´m looking for M-patterns on EURUSD+GBPUSD-AUDUSD. I shall see what happends around 13:00 pm CET
Attached Image (click to enlarge)
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  • #67
  • Feb 1, 2011 1:04pm Feb 1, 2011 1:04pm
Attached Image (click to enlarge)
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  • #68
  • Feb 2, 2011 1:19am Feb 2, 2011 1:19am
Great job, Dito

I didnt have any luck on GU/EU yesterday, however new opperunities will show up today hopefully,,,,
  • #69
  • Feb 3, 2011 9:59pm Feb 3, 2011 9:59pm
Quoting Zabana
Great job, Dito
Thank you! I dream to be doing this full-time. But for now, it's just a learning process.
  • #70
  • Feb 6, 2011 1:10pm Feb 6, 2011 1:10pm
hi Zabana

what is Asian-channel ?
  • #71
  • Feb 7, 2011 2:08am Feb 7, 2011 2:08am
Quoting jaydc
hi Zabana

what is Asian-channel ?
Hi Jaydc.

The Asian-channel is what we call the High/Low-price-channel during the opening hours of the Asian session until European-session opening.

Wellington-opening 23:00 CET- Frankfurt-opening 08:00 CET

VBR: Z
  • #72
  • Feb 7, 2011 10:45am Feb 7, 2011 10:45am
nice patterns on EUR/CHF ......
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  • #73
  • Feb 7, 2011 12:31pm Feb 7, 2011 12:31pm
Quoting bstay2
nice patterns on EUR/CHF ......
Yep...we had a fellow in our Skype room last night call the ECh M as it was unfolding and he took it.
Sentiment: Short on cash. Long on hope.
  • #74
  • Feb 7, 2011 7:16pm Feb 7, 2011 7:16pm
Good presentation. Now it's time to practice...

Attached Image (click to enlarge)
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  • #75
  • Feb 8, 2011 2:21am Feb 8, 2011 2:21am
"nice patterns on EUR/CHF ......"


Does anyone here know if we should be just watching the 6 majors for the "market moving pair". I am under the impression that Steve taught us to watch the 6 majors only, and only one pair will be moved at a time which will move the entire market? I read somewhere that Steve originally learned from his mentor to watch approx 30 pairs, can anyone confirm or add to this?
  • #76
  • Feb 9, 2011 7:45am Feb 9, 2011 7:45am
Yesterday EURUSD
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  • #77
  • Feb 10, 2011 9:14pm Feb 10, 2011 9:14pm
could be W-pattern forming in asian session ......
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  • #78
  • Edited 8:03pm Feb 11, 2011 7:53pm | Edited 8:03pm
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But twice I hesitated (yesterday and today) and missed out on the following trades: Attachment

One day I'll be FREE to do this full-time.
  • #79
  • Feb 11, 2011 7:57pm Feb 11, 2011 7:57pm
im gonna have to leave a negative comment here ,as this formation doesnt always work right
in this exmaple it went further up,and fell lower
only after some time
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  • #80
  • Feb 11, 2011 8:11pm Feb 11, 2011 8:11pm
Quoting dragan53
im gonna have to leave a negative comment here ,as this formation doesnt always work right
in this exmaple it went further up,and fell lower
only after some time
That's on the M1 TF though. These are best traded on the M15.
Sentiment: Short on cash. Long on hope.
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