M&W-Trading

add to sm.

Hey y'all,

This has been an interesting thread - even with the backbiting.

I gotta say the last 7 months have been the best months I have ever had in the almost 7 years I have been doing this, and it started with Steve Mauro's webinar last December. I never took the course - been trading for a long time and felt like the shift in POV was all that was necessary to take me to the next level, and it did. I always had the nagging feeling that I wasn't seeing something right - and I was correct.

I've listened to a couple of his webinars since then, and my own experience has shown me that he probably oversells the product, but just looking at the market from the POV of being manipulated by very large interests (which is not all that hard to believe) has made all the difference to my results.

Knowing that the broker and the MM are not my friends (though I knew it before) here are some of the things I've done with this knowledge that have brought my results from 45% to 70% + win:

1) Developed an EA to manage open positions so the broker can't see my stops and targets. Makes it harder for him to hunt me and with good money management he can't margin me out either.

2) M & W setups are not every day or even every other day - even some of them are fakes. So I set up an EA to initiate a stop and reverse when a 15min candle closes a few pips above or below the M / W limit.

3) Enter a position no farther than 25 pips off the daily hi or lo on second arc of the M or W - don't want to be sucking exhaust for very far or long if the position doesn't pan out.

4) Don't ignore the higher timeframe patterns - MAs make good targets.

5) Watch for consolidation 1-6 15min candles after the "oh shit" formation moves price action away from the hi or lo. If there is no "oh shit" formation (you know, the one that sucks all the air out of you if you are caught in the wrong direction) or no consolidation - babysit that thing and bail if necessary. If consolidation stalls momentum for more than 6 candles, take the position off an minimal profit or small loss.

I have some more stuff, but just these things have saved my butt numerous times and helped me recover losses and end up in win for the session and the day. This M W setup and MM POV has vastly increased my confidence and made me feel like a winner - even on days when I stay out of the market.

Cheers!
LAFF

Glad to hear your having success Femi!

You mention, M&W limit levels....could you explain further? Would you care to explain your entry method? That is what I am struggling with at this point.

thanks!
ReX

Limit is just the M hi or the W lo.

I am very selective - I use only Ms or Ws with corresponding MA crosses on the 15 min chart. Look at 5 & 13MA xs with each leg of the formation. This means I miss a lot of other setups but I am only looking for ideal and I can wait - I no longer feel stupid sitting on the side.

That one rule by itself has saved me a lot of grief.

LAFF

hey,

the RR tracks are at the LOD in the London session.....

cheers,

shop

the buck yen is riddled with the orient express. ...

cheers,

shop

hey,

a classic shop trade with a half twist to the 5.7 full pull exit door.

a johnny cash finish with the " M"acdonald arches and full diverge.

cheers,

shop

hey,

a classic DB shop, fully diverged to the 2.6 fib / 729 exit door.

trip bottoms, if you count the soft left edge.

cheers,

shop

the M W M trade.

a triple header....fully diverged.

cheers,

s

hey,

reverse H and S

fully diverged on the zero lag

2.6 exit door

s

Are you still having success with this method? If so, i would like to discuss this trading method with you. I have something you may want to see!

This thread has gone quiet. Whatever happens to MM method?

Bliss

Does anyone know if a recording is available for the two webinars (hosted by CompassFX) held this week featuring Steve and his students?

Dec 6
Market Maker Method
http://www.compassfx.com/steve/replay2.html

Dec 7
Students talk about thier experiences
http://www.compassfx.com/steve/students_speak.html

Thank you Will take a look.

The method is still being actively discussed in another place,
https://www.marketmakersforex.com/forum/index.php

I see. Thx for the pointer.

I was going to thank you for this link but.... see picture.

Surely there must be another thread here on FF?

I would like to know more about Steve Mauro method, not that much that I am going to pay $5,000 & fly to USA to find out however!

When he describes the day's action, consolidation during Asian session, fake out move, then major move move direction for the day, looks to work some days, so I think looking for those days could be useful, see #2 picture, no clear M on the recommended 15 minute chart, maybe on the 5 minute, didn't look.

Comments?

What Steve reveals in his free webinars is enough to make a trader consistently profitable. One has to wonder what else could he offer beyond that which is worth $5000.

Its awesome method of trading , from April to September i was using this method for trading , and it made me a good profit. for me it worked totally good.

If you can pay 5k , go for it , if you cant pay 5k , you can find it cheaper or free ....depends on you and your ability to use resources. On other forums he or his students are trying to close threads , but that's impossible on Internet lol