Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Time action momentum trading 90%+ accuracy 0 replies

Acceptable Accuracy Ratio for Profitable trading 29 replies

Trading with Coinflip Accuracy!! 29 replies

historical data accuracy puzzlement. 1 reply

accuracy problems or stable market 0 replies

Attachments: Trading with Deadly Accuracy
Exit Attachments

Trading with Deadly Accuracy

Quoting dazzdude
I am not sure if I am qualifed to know either way (whether the market is precise or not), but I want to chip in the little that I have 'experienced'. Not sure if anyone else has ever had this experience.

I used to look at a naked chart and sometimes things were clear, but often I just saw a jumbled mess. One day, Wmd was sharing a chart with me, and it was a god awesome mess. I woud have bet my letf nad there was no rhyme, rythem or structure in that chart.

Wmd them draw a few lines and a few coulpe of levels and all of the sudden the chart...
Great post, much appreciated.


__________
michael
Be like water.
Having trouble spotting where I am going to anticipate (for education/practive only) a reaction to the downside. Just cannot quite spot the right point. Anyone have any thoughts/opinions (just for learning)?

dazz
Attached Image (click to enlarge)
Click to Enlarge Name: swissy.gif Size: 28 KB
Reaction to a 3rd touch of one of those daily trendlines would be a good place to short. Plus profit targets soon hit on H1 timeframe. Use sell stop to catch the move on the way down and average up. TP 1 & 2 shown by dashed lines...

That would be my trade plan
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf1.gif Size: 20 KB
Click to Enlarge Name: usdchf2.gif Size: 34 KB
Quoting dazzdude
Having trouble spotting where I am going to anticipate (for education/practive only) a reaction to the downside. Just cannot quite spot the right point. Anyone have any thoughts/opinions (just for learning)?

dazz

Yesterdays trade +140 pips. Personally I wouldnt place a trade unless it gets rejected by a higher timeframe trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf3.gif Size: 32 KB
Trade update:

The trade went more than 50 pips in profit before hitting the deck again.
Attached Image (click to enlarge)
Click to Enlarge Name: post2.gif Size: 32 KB
I am usually Wrong
Quoting craptrader
Trade update:

The trade went more than 50 pips in profit before hitting the deck again.
Hi CT. I find anticipating a reaction or possible "options" on how price is likely to behave, then looking in hindsight to see what happened (did it play out, did not it, is there a reason?) is a good learning tool.

First chart shows there was indeed a reaction, enough to take some pips of the table (if that is your style), but also shows price is still held by the cluster support at the BOP.

Second chart looks at two possible options as to where price could move from now. I'll review this in a few days to see what happens.

The BOP form the start of the up-move is the level I am watching closely. When price gets to there, I'll be looking for some type of confluence (like dddd says, a TL most likely).

dazz
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable.gif Size: 42 KB
Click to Enlarge Name: cable_2.gif Size: 31 KB
Quoting Flava
Yesterdays trade +140 pips. Personally I wouldnt place a trade unless it gets rejected by a higher timeframe trendline.
Nice!

One good influence that dddd's posts has had on me to remind me to "look up" (larger time frame -> daily). This is another good reminder.

Coming from a scalping (1m) background, it is something I still need reminding off. Thanks.

dazz
Quoting Flava
Yesterdays trade +140 pips. Personally I wouldnt place a trade unless it gets rejected by a higher timeframe trendline.
added my daily's.

having trouble with the upward sloping channel as I see a few different ways to draw it... so for now I have removed the lines.

my possible options are looking like this (will review in a few days to see what the price behaviour does)

dazz
Attached Image (click to enlarge)
Click to Enlarge Name: swissy2.gif Size: 26 KB
friends.... some random thoughts on cable.... confluence can take many forms
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable_weeky.gif Size: 38 KB
Click to Enlarge Name: cable_weekly_seasonal_trend.JPG Size: 191 KB
Quoting dazzdude
friends.... some random thoughts on cable.... confluence can take many forms
nice post dazz.
i really like your weekly chart of g/u.

the following video is a couple months old, however it shows a nice downtrend on the euro as well. similar to your GBPUSD.

Inserted Video
Quoting dazzdude
added my daily's.

having trouble with the upward sloping channel as I see a few different ways to draw it... so for now I have removed the lines.

my possible options are looking like this (will review in a few days to see what the price behaviour does)

dazz
see what happens... waiting....

dazz
Attached Image (click to enlarge)
Click to Enlarge Name: swissy.gif Size: 26 KB
ozzie untested level to watch

dazz
Attached Image (click to enlarge)
Click to Enlarge Name: ozzie.gif Size: 34 KB
NZ, expecting LTL to hold and reject

dazz
Attached Image (click to enlarge)
Click to Enlarge Name: nz.png Size: 55 KB
Quoting dazzdude
see what happens... waiting....

dazz
swissy update to post (thanks flava!)

dazz
Attached Image (click to enlarge)
Click to Enlarge Name: swissy_update.gif Size: 27 KB
aud-jpy

one possibility of a reaction to an untested s/r level

dazz
Attached Image (click to enlarge)
Click to Enlarge Name: aud-jpy.png Size: 45 KB
a question for wmd (or other experienced traders)

dazz
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 48 KB
Euro clearly in a bearish mood currently, so analysis becomes a question of not just selling but knowing where not to sell.
.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20111116-pnou-135kb.jpg Size: 94 KB
Click to Enlarge Name: 2011-11-16_12-16.jpg Size: 91 KB
Gold options
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-11-16_12-24.jpg Size: 98 KB
gbpcad weekly... the 5 year channel

dazz
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad_weekly.gif Size: 22 KB
0 traders viewing now