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Trading with Deadly Accuracy

  • #2,241
  • Apr 5, 2012 9:50am Apr 5, 2012 9:50am
Update

d
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  • #2,242
  • Apr 5, 2012 10:04am Apr 5, 2012 10:04am
but of course, its trading, anything is possible (always check both sides of your coin, and plan for both)

d
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  • #2,243
  • Apr 5, 2012 10:23am Apr 5, 2012 10:23am
Quoting hometrading
There is one thing seeing the pattern and one thing executing the trade. I was so close of entering the trade but opted for another one instead (which then ended up loosing)

Nice earner thus far
i do not follow gc, but what a brillant example of the wmd hook !

your making it look too easy hometrading

for 10 years, the industry had me fooled.... with the conventional thinking that says you can get setups that win often but have a poor rnr, or alternatively, you can get setups that win occasionaly but have a good rnr, but setups do not exist that win frequently with a good rnr....

well it took me 10 years to find out that is hog wosh.... they do exist, and there are quite a lot of them. its just that only a handful of people (the real pros) know, and they are not letting the cat out of the bag.... well, that cat is is being let out.... and its called trading with deadly accuracy.

d
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  • #2,244
  • Apr 5, 2012 12:22pm Apr 5, 2012 12:22pm
Quoting hometrading
There is one thing seeing the pattern and one thing executing the trade. I was so close of entering the trade but opted for another one instead (which then ended up loosing)

Nice earner thus far
dear sirs are you a subscriber to the service? how far ahead was this trade given as a trade possiblity.

i hate it when i sign up for one of these services and everything they show after the fact. Yes I want to jump in right away with mini's and test real time, but they always show after the fact?
  • #2,245
  • Apr 5, 2012 9:43pm Apr 5, 2012 9:43pm
Quoting Kara696969
dear sirs are you a subscriber to the service? how far ahead was this trade given as a trade possibility.

i hate it when i sign up for one of these services and everything they show after the fact. Yes I want to jump in right away with mini's and test real time, but they always show after the fact?
I agree. That is how some people/services work.

With Will (wmd4x.com) everything is called ahead time or real time as its happening, nothing is done in hindsight. About the only time anything is done in hindsight is when Will creates a training video, he will use historical examples, but then he goes to market and looks at real time examples, live.

Everything is 100% transparent, the Winners, and the Losers. It's a warts-and-all service. It's very real. Everything is recorded. You can look at ALL his analysis, day by day, then go see what happended in the market afterwards. Was he right, or was he wrong? You can decide.

You can see very clearly, and judge for yourself. He also stands behind his analysis whether it pan out or not. There are no excuses. That is why I respect him so much as an educator.

Also, his web site has had continuous upgrades every week for the last month or so, but it's pretty much complete now (though he still has new planned stuff in the pipeline, and under development). It's really come along way in recent few weeks in terms of functionality and ironing out a few niggly bugs. Hence why this week was an 'official' launch.

However, I would not expect the free trial to last too long now the service fully operational, so my advice would be take advantage of it while you can.

d
  • #2,246
  • Apr 6, 2012 1:40pm Apr 6, 2012 1:40pm
is this what were looking at next than using this system.? or am i wrong again
looking to short at arrow. Or are we headed back up to the triple top to screw us little guys out of a good short?
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  • #2,247
  • Apr 6, 2012 10:51pm Apr 6, 2012 10:51pm
Quoting Kara696969
is this what were looking at next than using this system.? or am i wrong again
looking to short at arrow. Or are we headed back up to the triple top to screw us little guys out of a good short?
I dont really trade this pair much and not sure exactly on reason for shorting where you have marked as there a few techniques now being discussed but just wanted to give a tip.
WMD says in post #12 to zoom out to change your perspective.
Not saying a short wouldnt be a good idea but I would just be a bit cautious of this trend line.
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  • #2,248
  • Apr 7, 2012 3:25am Apr 7, 2012 3:25am
Quoting JayMFX
I dont really trade this pair much and not sure exactly on reason for shorting where you have marked as there a few techniques now being discussed but just wanted to give a tip.
WMD says in post #12 to zoom out to change your perspective.
Not saying a short wouldnt be a good idea but I would just be a bit cautious of this trend line.
Nice chart. I like your trend line (now broken), though the support levels are very good. Until the confirmed support level is broken (as you show), the trend remains up. That is not say you cannot go short, but shorts (looking at the 4hr time frame) should be considered counter trend, until proven otherwise.

When learning how price moves, you can pick a chart and draw out how price moves (as you see it). Sure its all hindsight and hindsight is easy, but it is one way see that price does move in a logical fashion. Once you starting see this, you start getting some confidence in it, you can then start mapping out how you expect the next move might go. Once you start seeing that happen, it's a wonderful thing. Last step is pulling the trigger. I will do an example for geppy.

d
  • #2,249
  • Apr 7, 2012 3:59am Apr 7, 2012 3:59am
Geppy. Yes its hindsight, but its about building up a mental picture about how price moves.
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  • #2,250
  • Apr 7, 2012 4:20am Apr 7, 2012 4:20am
And looking at the longer term chart might tell a story like this. Once you understand 'your' story of price movement, you can use that define your the positions you are willing to take, based and what you expect price to do.

d
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  • #2,251
  • Apr 7, 2012 4:41am Apr 7, 2012 4:41am
So, what is your story when you look at a chart? It's not about being "right" or "wrong", that is not what makes you a trader.

It's more about building up your own story on how you think price might move, creating a plan from that and following your plan, but also remaining flexible as price can change, and so your story needs to change with it.

Here is my story at the moment.

d
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  • #2,252
  • Apr 7, 2012 4:50am Apr 7, 2012 4:50am
Quoting dazzdude
Geppy. Yes its hindsight, but its about building up a mental picture about how price moves.
Nicely laid out thought process
  • #2,253
  • Apr 7, 2012 5:02am Apr 7, 2012 5:02am
Quoting Fx_007
Nicely laid out thought process
Thanks 007.

One thing Will says often is that is when you take a position, ask yourself, "Given my analysis, was I right for taking that trade"... for being right is not about having "a winning trade" being right is about "taking a well risk defined entry, in line with you analysis and bias". If you loose on the trade, but you can still answer the question as "yes", that is what makes you a trader. Its about learning how to think like a trader.

d
  • #2,254
  • Apr 7, 2012 5:11am Apr 7, 2012 5:11am
The other thing that has helped me tremendously, as Will tells me often, unless can justify otherwise...think continuation... if you want an easier ride. It's in one of his tips.

d
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  • #2,255
  • Apr 7, 2012 7:21am Apr 7, 2012 7:21am
Quoting JayMFX
I dont really trade this pair much and not sure exactly on reason for shorting where you have marked as there a few techniques now being discussed but just wanted to give a tip.
WMD says in post #12 to zoom out to change your perspective.
Not saying a short wouldnt be a good idea but I would just be a bit cautious of this trend line.
tls were meant to be broken . this happen in euro last week , but thanks for the heads up. probably should wait for tl break than
  • #2,256
  • Apr 7, 2012 8:56am Apr 7, 2012 8:56am
hello guys,
i bliv the story behind gbpjpy is an interesting one indeed.
dazzdude has pretty much said it all but let me just throw in a chart as well...
until the high of this 4hr beob is taken out, im short biased .... chart shld explain my thinking.
ive noticed that whenever a beob forms then followed by inside bars, it might as well mean momentum building in the direction of the beob.
only time will tell, we have to see how we open first as it might gap or price might stall due to the easter holidays.
cheers

this thread rocks btw
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Simplicity is the key to success
  • #2,257
  • Apr 7, 2012 9:26am Apr 7, 2012 9:26am
Quoting squeezy
hello guys,
i bliv the story behind gbpjpy is an interesting one indeed.
dazzdude has pretty much said it all but let me just throw in a chart as well...
until the high of this 4hr beob is taken out, im short biased .... chart shld explain my thinking.
ive noticed that whenever a beob forms then followed by inside bars, it might as well mean momentum building in the direction of the beob.
only time will tell, we have to see how we open first as it might gap or price might stall due to the easter holidays.
cheers

this thread rocks btw

Hi , I am trying to attach my screenshot but am finnding it difficult , can you please sho me astep by step way of attaching the screenshot like you have done.

Thanks
  • #2,258
  • Apr 7, 2012 9:52am Apr 7, 2012 9:52am
Quoting tafadzwa02
Hi , I am trying to attach my screenshot but am finnding it difficult , can you please sho me astep by step way of attaching the screenshot like you have done.

Thanks
step1: save chart to ur comp sys
fastest way is by right clicking on the chart u want to save

now its saved to ur system (take note of where u saved it),
then

step2: on the reply page, look & click on manage attachments, browse for where the chart was saved & upload...

step3: click submit reply and ur chart(s) shld be displayed

hope that helps
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Simplicity is the key to success
  • #2,259
  • Apr 7, 2012 11:30am Apr 7, 2012 11:30am
Quoting squeezy
step1: save chart to ur comp sys
fastest way is by right clicking on the chart u want to save

now its saved to ur system (take note of where u saved it),
then

step2: on the reply page, look & click on manage attachments, browse for where the chart was saved & upload...

step3: click submit reply and ur chart(s) shld be displayed

hope that helps

Thanks
  • #2,260
  • Apr 7, 2012 12:03pm Apr 7, 2012 12:03pm
Quoting Kara696969
is this what were looking at next than using this system.? or am i wrong again
looking to short at arrow. Or are we headed back up to the triple top to screw us little guys out of a good short?
Inserted Video


Not been to well but hope it comes across ok

Always have a plan for either direction
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