Trading with Deadly Accuracy

Possible S3 on EU.
http://img262.imageshack.us/img262/8...10124eum15.png
I personally played when this setup was in its S1 stage.

nice choice. waiting for this one with vengence!

Hope you are having your vengeance now, Plasma :-)

it banged for +20. made up for my earlier disaster.

Great to have you here,
how is your research project going?
For everyone interested it is "10,000 hours to greatness and the Mastery Asymptote" and I believe this is the key to greatness in anything and everything -- a purposeful practice where one has clear vision of the final outcome, is deeply aware of mistakes done, is deriving input from them and building further progress by overcoming them. One needs to have open mindset for this to happen ("failure is an event, not a person") and "raging passion" that drives him up when he is down.

Regarding EU, I now think we are entering Leg 2 of scenario you presented. Yesterday's up-move after minor retracement was unsubstantiated and I think it was in preparation for what's to come next: correction week with a great opportunity to buy when it is finished.
My TP for this scenario is also 1.33-325 area, although preliminary TP for short I've currently undertaken is 1.34 and will adjust as it develops.

S2 on EU for anybody interested.

Missed it (didn't see it in real-time), but very nice S3 on CADJPY:
http://img513.imageshack.us/img513/7...10125cym15.png
Boost-Cons-Boost-Cons-Pullback --> Sell rebound.

What confused me: had in mind S2 which is B - C - B - Pullback (without consolidation) --> sell Rebound.

So I was expecting more of S1 comming from the latest leg up.
It is very educational to observe the meaning of one more consolidation before pullback for price configuration.
And no less how it will develop from now-on when S3 is being completed.

S2 on CHFJPY:
http://img155.imageshack.us/img155/7...0126fym15b.png
Watch for engulfing to tell you when it is ready to go.

Hi Sdvsa

I think it will take more then 10,000 hours of research to understand fully the 10,000 hour concept.

It is fascinating to say the least. I wish I had more time to devote to it though. As I read and study more I have started to see patterns in my own life that lead to failure in certain aspects, both now and in the past.

Once I close out the year for paperwork and get my taxes figured I will be able to get in more effectual study time for my project.


Talk to you latter

Rufus

type 2. looks like nice formation,

last one for the week

zone and trend line combination

Whats happend to the thread?

It would appear WMD asked FF to remove the thread.

Don't know the reason, but thank you WMD for sharing your knowledge. I learned a few things from this thread.

It's really a shame to see this thread in the bin.

Ouch!

Agree.

The best dead thread I ever read.

I've put all the useful stuff from this thread in one place. You can find it here: www.wmd4x.tumblr.com


I have a series of videos demonstrating many of the principles discussed. I'll put them up in the coming posts. Enjoy!