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Attachments: M&W-Trading
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M&W-Trading

  • #521
  • Mar 3, 2012 8:22am Mar 3, 2012 8:22am
M formation on 1H

http://i.imgur.com/ejnaZ.png


http://i.imgur.com/oFo5C.png
  • #522
  • Mar 3, 2012 8:25am Mar 3, 2012 8:25am
W formation on 1H

http://i.imgur.com/eEus3.png
  • #523
  • Mar 3, 2012 8:29am Mar 3, 2012 8:29am
W formation on 1H

http://i.imgur.com/LeEdD.png
  • #524
  • Mar 3, 2012 9:05am Mar 3, 2012 9:05am
Mini M formation on 5m. Always remember that M/W formation comes on different time frame. Never fight against the 1H trend. 1H trends kills M/W formation on 15m or 5m. Trend be your friend

http://i.imgur.com/PpPWa.png
  • #525
  • Mar 3, 2012 12:17pm Mar 3, 2012 12:17pm
Bear Flag on Euro/Usd. Will the down trend continue on London session?
Keep your eye on 15m chart for Possible M/W formation on London session

http://i.imgur.com/IWXMr.png
  • #526
  • Mar 10, 2012 12:35pm Mar 10, 2012 12:35pm
Ok here's my easy profit trade prior to NFP news. I like to trade london session prior to nfp becuase it's so slow and easy to trade.
In red in the asian session, the 50 pips is excedded and was really 62 pips but i'll trade it anyway if i get a signal. During asian session and partial london the MM made 3 pushes down, you'll see them in checkmarks then they went into consolidation/accumulation mode. During that time they formed a small W (marked with up arrow)and made 2 pushes up. When i saw the indecision candle (marked in between black lines i went short. At NY open i moved to b/e and added a 2nd order. I closed both orders 15 minutes prior to NFP news.
On the 1st order i banked 85 pips and the 2nd order i banked 50 pips. Nice easy trading day.

http://www.sendspace.com/file/m04yx4
Attached Image (click to enlarge)
Click to Enlarge Name: pre.nfp.trade.gif Size: 29 KB
  • #527
  • Mar 12, 2012 4:58am Mar 12, 2012 4:58am
Quoting pcguy007
At NY open i moved to b/e and added a 2nd order ...
Excellent trade. When you added your second order did you make the SL the same as the first order?
  • #528
  • Mar 12, 2012 7:34am Mar 12, 2012 7:34am
I was able to set the 2nd order s/l at 10 pips and moved to b/e within 5 minutes




Quoting kvhutch
Excellent trade. When you added your second order did you make the SL the same as the first order?
  • #529
  • Mar 12, 2012 11:02am Mar 12, 2012 11:02am
Star trade:

GBPUSD
Entered at 1.5672
Move up (not necessarily 3 moves up)
M formation
5,13 and 50 EMA cross
TDI divergence

Exit at 1.5626
Thought it might move down for another leg but didn't have the patience to hang on
Total Pips: 48 pips

Also:
AUDUSD Entered at 1.0521 / Exit at 1.0490 / Total Pips: 31 pips
GBPUSD: Entered at 1.5686 / Exit at 1.5695 / Total Pips: -9 pips (Boo!)

Todays total: 70 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GU_120312.jpg Size: 191 KB
  • #530
  • Mar 13, 2012 11:54am Mar 13, 2012 11:54am
Only the one trade today which generated a massive ... 1 pip. Why? well, I sold the AU at 1.0529. Two and a half hours later it had gone exactly nowhere. The common rules state in general that if no movement in your expected time frame then close the trade as something else is going on. So closed the trade at 1.0528.

Off course you know that happened immediately - a capitulation of 45 pips. Upset? no. I traded my rules. Tomorrow's another day
  • #531
  • Mar 15, 2012 4:59am Mar 15, 2012 4:59am
Final trade of the week: GU short (yesterday 14/03).

Again pretty standard: 3 moves up, 'M' formation 5/13 cross, TDI cross of boundary plus double cross of signal line. Got out on the drop nearly 2 hours later. Needed 29 pips to complete my weekly target (100 pips) which I got.

There seems to be some advantage in setting targets for the week as it keeps one disciplined and not necessarily pinned to the charts (unless the target has not been achieved).

Anyway, where'd everybody go? Kinda feel like this is becoming my personal blog. I know you're all still trading. Let us know how you're gettng on. Missing you guys ... sooo lonely

Hutch
Attached Image (click to enlarge)
Click to Enlarge Name: GU_140312.jpg Size: 183 KB
  • #532
  • Mar 15, 2012 9:47am Mar 15, 2012 9:47am
I think most people are chatting and showing charts in the chat room
I prefer to use FF since the chat info is gone when you close it.





Quoting kvhutch
Final trade of the week: GU short (yesterday 14/03).

Again pretty standard: 3 moves up, 'M' formation 5/13 cross, TDI cross of boundary plus double cross of signal line. Got out on the drop nearly 2 hours later. Needed 29 pips to complete my weekly target (100 pips) which I got.

There seems to be some advantage in setting targets for the week as it keeps one disciplined and not necessarily pinned to the charts (unless the target has not been achieved).

Anyway, where'd everybody go? Kinda feel like this is becoming my personal blog. I know...
  • #533
  • Mar 15, 2012 10:01am Mar 15, 2012 10:01am
Quoting pcguy007
I think most people are chatting and showing charts in the chat room.
Yeah, I went in the chatroom a few times but very quiet there. At most 5 or 6 guys in the room and hardly any chat - just guys logged on (if I have the right chatroom - #MW on mibbit)
  • #534
  • Mar 15, 2012 4:57pm Mar 15, 2012 4:57pm
the chat room used to be real busy with chat and charts, i'm wondering if most people gave up on the method. since chat and forum are dead.
I continue to learn the method each day and refine my skills
  • #535
  • Edited 4:46am Mar 16, 2012 1:17am | Edited 4:46am
Quoting pcguy007
the chat room used to be real busy with chat and charts, i'm wondering if most people gave up on the method. since chat and forum are dead.
I continue to learn the method each day and refine my skills
I stopped chatting and posting when I realized that I was failing to achieve my mission (helping others to achieve profitability). At the same time, my own trading deteriorated to a point where I started taking impatient trades. Will trade silently for a couple of weeks. My boring but successful method is laid out in this thread [edited: mistakenly wrote "related II thread"]. That should do for the moment. It's a small subset of what SM is teaching (wouldn't' say that I am a rounded MMM trader yet).

Furthermore, will be busy with a demanding private issue for the next couple of weeks. Perhaps back later.

The chat room continues to be open for all. If anyone would like to take up the room admin role, please let me know. However, a better chatting platform with persistent chat history would serve the purpose of exchanging knowledge better.

Good trading life to all!

http://i.imgur.com/tOI9D.jpg
  • #536
  • Mar 16, 2012 8:25am Mar 16, 2012 8:25am
Hi Hart, Trading the last couple of weeks makes no ryme or reason. nothing seems to work.
Your not alone on this, we have all stepped back to study and wait for things to settle so we can get back to trading.
  • #537
  • Mar 16, 2012 8:41am Mar 16, 2012 8:41am
Quoting pcguy007
Hi Hart, Trading the last couple of weeks makes no ryme or reason. nothing seems to work.
Your not alone on this, we have all stepped back to study and wait for things to settle so we can get back to trading.
I'd be willing to pay cash money to anyone who can predict these horrible stretches when they happen -- or at least give a tip on how to identify them when they are happening. I started out well MMM trading but have been getting my account brutalized every which way in the past two weeks.
  • #538
  • Edited 10:42am Mar 16, 2012 10:04am | Edited 10:42am
Quoting Tailgun
I'd be willing to pay cash money to anyone who can predict these horrible stretches when they happen -- or at least give a tip on how to identify them when they are happening. I started out well MMM trading but have been getting my account brutalized every which way in the past two weeks.
With all respect, "horrible streches" is not the right expression. Levels and directions were unusually unclear for 2 or 3 weeks. That happens. In this situation, sit on your hands or use tight stops and targets. I occasionally have a week in which I don't take any trade at all. But this is actually not easy to do (one of the hardest skills in trading, knowing when not to trade), because our minds are trained to behave like "professionals" who need to "perform" all the time.

My approach is to do nothing during these unclear phases. But there are surely methods to reap massive profit from these ranges.
  • #539
  • Mar 16, 2012 11:01am Mar 16, 2012 11:01am
Hi,
great trade today on eu, and also in usdchf....
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.JPG Size: 53 KB
  • #540
  • Mar 16, 2012 11:42am Mar 16, 2012 11:42am
When these things happen i use tighter stops and go back to screening charts, you don't need to trade every pair and everyday is what took me years to learn.
The MM lately are playing games with low volumes and traders that are guessing and chasing.



Quoting Tailgun
I'd be willing to pay cash money to anyone who can predict these horrible stretches when they happen -- or at least give a tip on how to identify them when they are happening. I started out well MMM trading but have been getting my account brutalized every which way in the past two weeks.
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