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M&W-Trading

  • #121
  • Apr 11, 2011 3:09pm Apr 11, 2011 3:09pm
Quoting qtrader
Is this thread still open? Not many post.
I guess is gone, unfortunately... good stuffs until it lasted..
  • #122
  • Apr 25, 2011 2:41am Apr 25, 2011 2:41am
Quoting Sammy76
I guess is gone, unfortunately... good stuffs until it lasted..
Hi Sammy

The thread is over simply because we are all trading live in the skype room.
it is more interactive and useful for everyone!
Please reply to me if you want to be a part of the group.
Looking forward to hear from you
  • #123
  • Apr 26, 2011 5:28am Apr 26, 2011 5:28am
Hi, i'd like to be a part of the skype trade room? Was inactive for awhile but looking to get back into it...
  • #124
  • May 14, 2011 3:02pm May 14, 2011 3:02pm
Hello team,
I've watched the webinar several times over and very interested in this method of trading the M & W patterns. Why is this thread closed? Has anyone found success trading this method?
  • #125
  • May 20, 2011 12:29am May 20, 2011 12:29am
Quoting Angelique
Hi Sammy

The thread is over simply because we are all trading live in the skype room.
it is more interactive and useful for everyone!
Please reply to me if you want to be a part of the group.
Looking forward to hear from you
Hi Angelique,

I would luv to join the Skype group. Pls could u add me.

madmig_za

Thanks.
  • #126
  • May 21, 2011 5:39am May 21, 2011 5:39am
Hi Angelique,
Can I join the skype room? I have been following this method for almost 1 year now, and have just been to busy to get into the skype room until now. In approx 1 month I should be in a good position to trade regularily. Cheers.
  • #127
  • May 23, 2011 4:52pm May 23, 2011 4:52pm
I've been trading the Jason Sweezey's method of M W for quite some time now..
I would like to get involved with the skype chat too ..

Cheers
  • #128
  • May 24, 2011 5:04pm May 24, 2011 5:04pm
Quoting stargate
I've been trading the Jason Sweezey's method of M W for quite some time now..
I would like to get involved with the skype chat too ..
Cheers
can you show some charts from Jason Sweezey's method? how similar or different is it from Steve Mauro method?
  • #129
  • Jun 1, 2011 12:15pm Jun 1, 2011 12:15pm
Has the forex market changed somewhat? I don't seem to find any M- or W- patterns nowadays. Can anyone show an example that I missed?
  • #130
  • Jun 1, 2011 4:09pm Jun 1, 2011 4:09pm
Quoting chan
Has the forex market changed somewhat? I don't seem to find any M- or W- patterns nowadays. Can anyone show an example that I missed?

You won't find them at market opens any more it seems unless you stretch the imagination. In fact trying this method has hurt my trading cause I am looking for it and missing the real move. I would say this is another strategy to toss in the garbage.

Those poor people who paid $5000 to learn this.
  • #131
  • Jun 1, 2011 8:56pm Jun 1, 2011 8:56pm
Quoting chan
Has the forex market changed somewhat? I don't seem to find any M- or W- patterns nowadays. Can anyone show an example that I missed?
You probably can see the recent M & W patterns on 4hrs chart of AUD/USD,
http://1.bp.blogspot.com/-NCk7u6VFzl...SA/s1600/1.png

And when you zoom down to 60mins chart for the M pattern top, you see another smaller M,
http://4.bp.blogspot.com/-xBD4UNMYab...XQ/s1600/2.png

Then down to 15mins for better entry (tighter stop) but I did not find a good entry setup around New York session 9:30amEST, which would have been a good downtrend run compared to the small scalp I took in european session. The 9:30amEST entry would fit into the 60mins M and in line with the larger 4hrs M pattern.
http://3.bp.blogspot.com/-ElC34znH2o...vc/s1600/3.png
  • #132
  • Jun 2, 2011 3:01am Jun 2, 2011 3:01am
Here's a M pattern in the making on USD/CAD,
http://3.bp.blogspot.com/-EPD4SqLPLR...600/USDCAD.png
  • #133
  • Jun 2, 2011 11:34pm Jun 2, 2011 11:34pm
That M-pattern obviously didn't work on UC. What about EU? Where do you see the M- or W- patterns on EU to take the trade?
  • #134
  • Jun 3, 2011 9:48am Jun 3, 2011 9:48am
Quoting chan
That M-pattern obviously didn't work on UC. What about EU? Where do you see the M- or W- patterns on EU to take the trade?
Yes that USD/CAD didn't do very much with the M-pattern but you shouldn't be hurt if you have breakeven stop.
http://3.bp.blogspot.com/-IOfxUfVRJS...600/USDCAD.png

No I don't see M or W patterns on EUR/USD yesterday. You could pick the top on that exhaustion move 6:30amEST (my entry 7:40amEST), or you could buy the 61.8% retracement at 11:35amEST around 1.4400 round number. Easy to see on hindsight though ......
http://3.bp.blogspot.com/-AwXouJjw-Q...600/EURUSD.png
  • #135
  • Jun 3, 2011 11:19am Jun 3, 2011 11:19am
What is the indicator on the bottom of your charts? I see that you waited for the indicator to turn orange before you shorted EU. But in UC the indicator is already orange so how do you interprete this?
  • #136
  • Jun 3, 2011 12:04pm Jun 3, 2011 12:04pm
Quoting Angelique
Hi Sammy

The thread is over simply because we are all trading live in the skype room.
it is more interactive and useful for everyone!
Please reply to me if you want to be a part of the group.
Looking forward to hear from you

Angelique, Can you please add me to the skype room? [email protected]
  • #137
  • Jun 3, 2011 4:56pm Jun 3, 2011 4:56pm
Hey folks, the Skype room is not Angelique's, it's mine. If you are trying to get in, please PM me with your Skype handle.

Thanks,
NeoRio
Sentiment: Short on cash. Long on hope.
  • #138
  • Jun 5, 2011 7:48pm Jun 5, 2011 7:48pm
Quoting chan
What is the indicator on the bottom of your charts? I see that you waited for the indicator to turn orange before you shorted EU. But in UC the indicator is already orange so how do you interprete this?
The indicator is only a guide, just like how you use a moving average. You can see the price action clearly on the candlesticks alone. For example this pin bar short in AUD/USD didn't have the orange signal on 15mins chart,
http://4.bp.blogspot.com/-kBUQhC8Az1...600/AUDUSD.png

On a lower timeframe, you can see the entry and exit candlestick patterns are like railroad tracks or morning star doji/evening star doji type of reversal signs. The indicator only helps to confirm the timing of "when". It is the TradeStation version of Dean Malone's TDI (Traders Dynamic Index) which is not compatible with MT4.
http://1.bp.blogspot.com/-FZvOD3wqhf...00/AUDUSD1.png
  • #139
  • Jun 6, 2011 12:33am Jun 6, 2011 12:33am
Quoting chan
That M-pattern obviously didn't work on UC. What about EU? Where do you see the M- or W- patterns on EU to take the trade?
Don't quite get why you guys would say the pattern didn't work out???

From the top of the M (white) to the bottom of the W (purple) you had 45 pips, this in a pair with an ADR of around 75. I would say it worked out very well.
Not only that but you then had a 2nd trade off the LOD that moved 54 pips.

Don't think you can ask for much more than that on the Cad...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad0206.gif Size: 35 KB
  • #140
  • Jun 6, 2011 12:47am Jun 6, 2011 12:47am
Quoting MadMig
Don't quite get why you guys would say the pattern didn't work out???
From the top of the M (white) to the bottom of the W (purple) you had 45 pips, this in a pair with an ADR of around 75. I would say it worked out very well.
Not only that but you then had a 2nd trade off the LOD that moved 54 pips.
Don't think you can ask for much more than that on the Cad...
How do you use the TDI indicator for the 2nd trade? I noticed yours did not turn orange on entry signal.
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