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Trading with Deadly Accuracy

  • #1,961
  • Jan 30, 2012 9:00am Jan 30, 2012 9:00am
Watching usdjpy for retest after shattering of support at 76.55.
  • #1,962
  • Jan 30, 2012 9:11am Jan 30, 2012 9:11am
Quoting heebbyjeeby
Watching usdjpy for retest after shattering of support at 76.55.
Looking for short? Beware the bear trap.
  • #1,963
  • Jan 30, 2012 9:14am Jan 30, 2012 9:14am
Quoting dazzdude
Looking for short? Beware the bear trap.
Are you expecting a bullish rise D?
  • #1,964
  • Jan 30, 2012 9:27am Jan 30, 2012 9:27am
Quoting heebbyjeeby
Are you expecting a bullish rise D?
I am concious of the fact the boj may intervene and defend further falls and that jen is over valued against dollar. Any short taken outside Tokyo session should be scaled out once you bag some pips, before Asian session opens.

See how u go. Small position size suggested.
  • #1,965
  • Jan 30, 2012 9:36am Jan 30, 2012 9:36am
Quoting heebbyjeeby
Are you expecting a bullish rise D?
Was also suspecting something, break, bounce, was not sure, hence the chart of yen I posted earlier today. Gut was saying watch yen. Head was saying look for pattern failure that might trap shorts. Everyone will be watching yen today after weekly TL failure and weekly pin. Can bring something into play. Just not sure what yet.
  • #1,966
  • Jan 30, 2012 10:51am Jan 30, 2012 10:51am
Is the meeting at 5 still going ahead?
  • #1,967
  • Jan 30, 2012 10:54am Jan 30, 2012 10:54am
Quoting heebbyjeeby
Is the meeting at 5 still going ahead?
hope so
  • #1,968
  • Jan 30, 2012 10:56am Jan 30, 2012 10:56am
Quoting wmd
Lets try for Monday 5pm (London time).

http://meet28873896.adobeconnect.com/hook/


I'll post a reminder here 15 minutes before hand.

A little behind schedule here; the room is now open, i'll start my presentation in 15 minutes.
  • #1,969
  • Jan 30, 2012 12:17pm Jan 30, 2012 12:17pm
Excellent stuff Will. Thanks again.
  • #1,970
  • Jan 30, 2012 12:19pm Jan 30, 2012 12:19pm
Merci Will!

Bravo ..
  • #1,971
  • Jan 30, 2012 12:21pm Jan 30, 2012 12:21pm
Nice stuff with new insight to the supp/res
  • #1,972
  • Jan 31, 2012 6:04am Jan 31, 2012 6:04am
Long on audusd? What do you think dazz?
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  • #1,973
  • Jan 31, 2012 8:39am Jan 31, 2012 8:39am
Hi heeby,

Sorry for late reply. You nailed it! (pic 1)

I would expect resistance to kick in strongly at price approaches 1.07. Could even reverse around 1.07 - 1.0750 range.

Also, the TL (pic 2) would be worth looking at. If the TL fails, then retest from underside would be worth a look at.

dazz
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  • #1,974
  • Jan 31, 2012 8:57am Jan 31, 2012 8:57am
aussie has a nice clean structure at the moment.

On 4hr, u have a small hook from Oct 28 break down. Good chance of holding price at that cluster.

You also have that upper TL on daily that should hold.

But if it breaks, could see aussie into new highs.

As price is approaching the daily TL on a third tap (which I am a fan of), I am looking price to break down. If it comes up again for a 4th tap after that, then I would be more likely to a consider a break north as a real possibility.

dazz
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  • #1,975
  • Jan 31, 2012 9:42am Jan 31, 2012 9:42am
one possibility
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  • #1,976
  • Jan 31, 2012 11:00am Jan 31, 2012 11:00am
I absolutely agree with you dazz. My view on audusd

Wee can see nice break and pullback of TL on 4H(D) TF. Then nice pullback to first hook.
On 1h TF we can see 2 possible way. First is pullback to hook+RN 1,06 and second to lower channel line and the blue line where last uptrend start so there can be another orders waiting.

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I appreciate your comments
  • #1,977
  • Jan 31, 2012 7:24pm Jan 31, 2012 7:24pm
Hi Dazzdude
Hi, when we join the membership, does WMD give exact entry and exit and stoploss on his trade comments?

Quoting dazzdude
pretty much, I gave given everything else I was doing away now.

dazz
  • #1,978
  • Feb 1, 2012 2:47am Feb 1, 2012 2:47am
Two possible ways. I prefer red one on 4H TF, it has nice target on D TF

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  • #1,979
  • Feb 1, 2012 3:45am Feb 1, 2012 3:45am
possible move on kiwi

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  • #1,980
  • Feb 1, 2012 4:03pm Feb 1, 2012 4:03pm
Quoting juzgood1978
Hi Dazzdude
Hi, when we join the membership, does WMD give exact entry and exit and stoploss on his trade comments?
Hi juzgood1978,

It’s a valid question. The answer (and for anyone else wondering) would be:

Entries, stops and targets are discussed. But, if you are after signal service (SELL 1.9877, stop 1.9905, target 1.9820), that’s not what it’s about. Trades are called live, though to demonstrate/solidify the application of price action analysis and entry techniques. The focus is coaching traders to think and trade independently.

90% of people who pay thousands for training (been there, done that) come home and trade no better. With Will, everything is done live... real time, real charts, real trading. The focus is on learning by doing. If you screw up, you can go over it with him. I screwed up a trade last week and was I really confused. I sold, price shot up and I got nailed! It was discussed and what I done wrong was explained clearly, and in detail. Will shorted a pair at the daily high, and it tanked! I could not see a reason to sell. It was explained until I understand why. I cannot get this from a book, a course, nor a forum. I'll take that over a signal service any day.

However, please note that this thread was started at least 2.5 years before Will even considered starting a commercial coaching project. It was started from repeat demand not only for his exceptional trading skill, but his ability to teach them. I know..... I was one of the many people knocking at his door asking for professional coaching. I consider Will to be the best in the business, after doing an extended search and 10+ years in Forex.

This thread still serves as its original purpose, to discuss some trading techniques shared by Will in April 2009 and that's how it should continue. A public and free forum for all to learn, discuss and share. If you want more, you know where to go.

Always happy to share my experience of the service further, though suggest PM or email.

dazz
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