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Trading with Deadly Accuracy

  • #2,281
  • Apr 9, 2012 5:53am Apr 9, 2012 5:53am
Quoting dazzdude
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
Just been browsing yr Charts DD.. U call it VERY WELL..Great charts
  • #2,282
  • Apr 9, 2012 5:55am Apr 9, 2012 5:55am
Options are not trades. Just an anticipation of how price might move. If it does not, no problem. However, if price ends up behaving in the way you expected, then it allows you to look for an entry (on a lower time frame usually).
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  • #2,283
  • Apr 9, 2012 6:12am Apr 9, 2012 6:12am
NZ options. I like the short option.
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  • #2,284
  • Apr 9, 2012 6:30am Apr 9, 2012 6:30am
GbpAud... Nice Weekly S/R TL.
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  • #2,285
  • Apr 9, 2012 6:38am Apr 9, 2012 6:38am
Another kiwi option would be a short from this untested level, however, the longer term S/R level (from previous posts) below has been tested so many times, cannot be sure will happen if this one is hit. I will be watching none the less.
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  • #2,286
  • Apr 9, 2012 7:27am Apr 9, 2012 7:27am
Ideas for Eur.
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  • #2,287
  • Apr 9, 2012 7:33am Apr 9, 2012 7:33am
Quoting dazzdude
Ideas for Eur.
I think I need to add this level as well.
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  • #2,288
  • Apr 9, 2012 8:04am Apr 9, 2012 8:04am
Crickey, only just noticed this line on Euro. Better late than never. Its a beauty.
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  • #2,289
  • Apr 9, 2012 9:03am Apr 9, 2012 9:03am
Quoting Fx_007
http://my.jetscreenshot.com/8353/201...uedh-148kb.jpg
so to play this would you get long on break of wedge? or break and retest of 82442?
  • #2,290
  • Edited 10:52am Apr 9, 2012 10:25am | Edited 10:52am
Quoting Kara696969
so to play this would you get long on break of wedge? or break and retest of 82442?
Edit- posted wrong chart Doh ! lol

Buy on bounce of the Upper Wedge Line SL 0.8224

Falling Wedge pattern indicates a Bullish Reversal

http://my.jetscreenshot.com/8353/201...ldem-128kb.jpg

Took break at 8236 but price did not get above the R Line I marked so on Pull Back I put SL to just above Break Even as not acted as I wanted. Green line shows a bounce from upper wedge line still favours Wedge Reversal but price not strong so standing aside. Break below Lower Wedge line puts pattern in Fail.

If upper Trend Line holds a bounce I'll go Long again with SL AT 8224
  • #2,291
  • Edited 1:21pm Apr 9, 2012 11:08am | Edited 1:21pm
http://my.jetscreenshot.com/8353/201...t4ny-137kb.jpg
  • #2,292
  • Edited 1:21pm Apr 9, 2012 11:12am | Edited 1:21pm
http://my.jetscreenshot.com/8353/20120409-bzsl-7kb.jpg
  • #2,293
  • Apr 9, 2012 11:21am Apr 9, 2012 11:21am
Trade set to close 0.3 lots at 0.8250 SL to Break Even +1 0.2 Lots left to run

Currently at 0.8242
  • #2,294
  • Edited 1:22pm Apr 9, 2012 12:03pm | Edited 1:22pm
EUR/GBP LIVE TRADE

http://my.jetscreenshot.com/8353/20120409-v4td-8kb.jpg

BE Target hit 0.8250

SL Adjusted to 0.82377 (BE +1)

0.02 Lots running
  • #2,295
  • Edited 1:20pm Apr 9, 2012 12:07pm | Edited 1:20pm
Chart Update

1hr zoomed in

http://my.jetscreenshot.com/8353/201...rce4-124kb.jpg
  • #2,296
  • Apr 9, 2012 1:19pm Apr 9, 2012 1:19pm
Quoting dazzdude
Options are not trades. Just an anticipation of how price might move. If it does not, no problem. However, if price ends up behaving in the way you expected, then it allows you to look for an entry (on a lower time frame usually).
http://my.jetscreenshot.com/8353/201...t08x-179kb.jpg

FDF did not complete but is it now a possible Hook ?

http://my.jetscreenshot.com/8353/201...5w39-148kb.jpg
  • #2,297
  • Apr 9, 2012 1:24pm Apr 9, 2012 1:24pm
Noticed I got my symbols mixed up on posts, just fixed

http://my.jetscreenshot.com/8353/20120409-s2gm-28kb.jpg

sorry
  • #2,298
  • Apr 9, 2012 1:26pm Apr 9, 2012 1:26pm
Quoting Fx_007
Chart Update

1hr zoomed in

http://my.jetscreenshot.com/8353/201...rce4-124kb.jpg
so the falling wedge was just a speculation trade we would just have bought at market? not wait for retrace to support again?
  • #2,299
  • Apr 9, 2012 1:53pm Apr 9, 2012 1:53pm
Quoting Kara696969
so the falling wedge was just a speculation trade we would just have bought at market? not wait for retrace to support again?
The Falling Wedge Pattern was not Speculation

Being able to identify Pattern set ups takes a lot of guess work out of trading being able to see set ups and direction for trades

Naked Chart
http://my.jetscreenshot.com/8353/20120409-0yxl-95kb.jpg

Trading is catching a move, not 100% of the move but part of the move. Trying to catch the whole move will get you into false break outs and Stop Loss hits.

The idea was:
1) I posted a chart pattern
2) I waited for Pattern to confirm
3) Entered knowing: A) Why I got in B) Knowing where to get out if wrong

Speculation is following other Mentors/Traniers

With WMD4X you learn Patterns, Risk and when to Accept when your wrong

Just putting in a Market Order with a Stop Loss is just like

http://my.jetscreenshot.com/8353/20120409-dwkn-13kb.jpg

Watch this from wmd:

Inserted Video
  • #2,300
  • Apr 9, 2012 1:59pm Apr 9, 2012 1:59pm
Quoting Fx_007
The Falling Wedge Pattern was not Speculation

Being able to identify Pattern set ups takes a lot of guess work out of trading being able to see set ups and direction for trades

Naked Chart
http://my.jetscreenshot.com/8353/20120409-0yxl-95kb.jpg

Trading is catching a move, not 100% of the move but part of the move. Trying to catch the whole move will get you into false break outs and Stop Loss hits.

The idea was:
1) I posted a chart pattern
2) I waited for Pattern to confirm
3) Entered knowing: A) Why I got in B) Knowing...

cause it hadnt gotten up out of wedge yet where you bought it did it?
heres wat i was thinking
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