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M&W-Trading

  • #601
  • Apr 7, 2012 1:29pm Apr 7, 2012 1:29pm
Hi Kapten,

Excellent result of 1152 pips in 4 days. I like your charts, Are you a Steve Mauro student ??

Also I like your Recent candle indicator in post # 599 , Is possile to post iton FF

Thanks

Nasir
  • #602
  • Apr 7, 2012 3:06pm Apr 7, 2012 3:06pm
assuming you were talking about recent candles indicator - here it is
Alex
  • #603
  • Apr 7, 2012 7:10pm Apr 7, 2012 7:10pm
Hi Alex,

Thank you very much for Recent Candle indicator site.

Nasir
  • #604
  • Edited 6:46am Apr 8, 2012 6:41am | Edited 6:46am
Hi Guys, I have Been watching for awhile, and I decided to finally join. This is my first post.

I love the Steve Mauro MM method.
The main one that I miss is the Straight Away trade. I usually am waiting for an M or W and I miss the straight away.

I love the pin to the mayo or pin to the water exits and reversals.

Occassionally I forget and go to take a trade against the Peak formation High or Low. I Need something to help me ignore those.

I Just really wanted to say hi.

P.
  • #605
  • Apr 8, 2012 3:23pm Apr 8, 2012 3:23pm
Hi guys,

I found these videos on youtube and gives a similar method that this thread uses and makes it easier to count the intra-week/day levels absolutle amazing videos and makes reading the markets a whole lot easier imo from the usual junk out there.

Quote
http://www.youtube.com/user/DayTradingForexLive/videos
Find your Favourite Pattern
  • #606
  • Apr 8, 2012 11:05pm Apr 8, 2012 11:05pm
Quoting Nasir
Hi Kapten,

Excellent result of 1152 pips in 4 days. I like your charts, Are you a Steve Mauro student ??

Also I like your Recent candle indicator in post # 599 , Is possile to post iton FF

Thanks

Nasir
Hi Nasir,

I'm not SM's student.

Yes, it was Recent Candles indicator, thanks to Avasfx
  • #607
  • Edited 7:27am Apr 9, 2012 3:50am | Edited 7:27am
Quoting hart3000
A quick reply before we take this offline. Here are my current money management parameters.
Hey hart3000,
I was measuring the average daily range of several pairs over the past year, and noticed that the Yen pairs have "sharply" decreased in volatility during the previous 6 months. This meant that I can now take GBP/JPY (the beast) with tighter stop loss than a year ago, relative to EUR/USD. Just wanted to mention it to see if you noticed the same trends ...... since both of us varied our stop loss and take profit parameters according to the average volatility of each pair.
http://i.imgur.com/uYdBB.png

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

http://i.imgur.com/o5qW1.png
  • #608
  • Apr 9, 2012 7:59am Apr 9, 2012 7:59am
Quoting bstay2
Hey hart3000,
I was measuring the average daily range of several pairs over the past year, and noticed that the Yen pairs have "sharply" decreased in volatility during the previous 6 months. This meant that I can now take GBP/JPY (the beast) with tighter stop loss than a year ago, relative to EUR/USD. Just wanted to mention it to see if you noticed the same trends ...... since both of us varied our stop loss and take profit parameters according to the average volatility of each pair.
Yes, Bstay2. Noticed that too.
  • #609
  • Edited 8:08am Apr 10, 2012 2:24am | Edited 8:08am
EUR/JPY shorted 106.546, added 106.428. took partial profits at 106.008 for +54pips (from best entry 106.546).

EUR/USD shorted 1.31093, added 1.31009. took partial profits at 1.30791 for +30pips (from best entry 1.31093).

EUR/USD long 1.30846, added 1.30970. scratched for -5pips.

EUR/USD long 1.30740, did not add. took partial profits at 1.31142 for +40pips.

GBP/USD long 1.58313, added 1.58399. took partial profits, best exit at 1.58799 for +49pips (from best entry 1.58313).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY1.png Size: 31 KB
Click to Enlarge Name: EURJPY3.png Size: 31 KB
Click to Enlarge Name: EURUSD1.png Size: 31 KB
Click to Enlarge Name: EURUSD3.png Size: 30 KB
Click to Enlarge Name: EURUSD4.png Size: 44 KB
Click to Enlarge Name: GBPUSD1.png Size: 38 KB
  • #610
  • Apr 10, 2012 5:54am Apr 10, 2012 5:54am
Good Job. Bstay.
  • #611
  • Apr 10, 2012 9:07am Apr 10, 2012 9:07am
Great charts and stuff about past and present ranges. Could you mention intra week/day level counts please I find it difficult to see what are the correct levels. Could you confirm if these are okay?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 64 KB
Find your Favourite Pattern
  • #612
  • Apr 10, 2012 5:12pm Apr 10, 2012 5:12pm
Asian Session there was a Pin to the Blueberry, but then they had one more swipe to the High. A pin off the R1 and Rail road tracks for the Straight Away.
Four bars on the S1 you had an hour to close the trade. If you weren't out then, you had the "W" to get out.

In the London Session it started to go back up, after the "W" but don't trade against the peak formation high. Then there were rail road tracks off the mayo to go short again for another 50 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Straight Away.jpg Size: 162 KB
  • #613
  • Edited 7:15am Apr 11, 2012 2:50am | Edited 7:15am
GBP/JPY shorted 128.627, added 128.530. took partial profits at 128.089 for +54pips (from best entry). 15mins chart showed "3 pins" into Daily Pivot PP, while 4mins showed M-pattern with TDI divergence.

EUR/JPY shorted 105.965, added 105.927. scratched +7pips. wrong (bearish) bias. seen +44pips potential but limit order not hit.

EUR/USD shorted 1.31233, added 1.31156. trailed out -1pips due to tightening stops too soon, in order to control open risks in too many positions same (bearish) direction. good entry wasted, seen +31pips potential.

GBP/USD shorted 1.59166, added 1.59093. scratched +10pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY1.png Size: 32 KB
Click to Enlarge Name: GBPJPY3.png Size: 30 KB
Click to Enlarge Name: EURJPY1.png Size: 30 KB
Click to Enlarge Name: EURJPY2.png Size: 29 KB
Click to Enlarge Name: EURUSD1.png Size: 32 KB
Click to Enlarge Name: GBPUSD2.png Size: 29 KB
  • #614
  • Edited 9:49pm Apr 12, 2012 9:19pm | Edited 9:49pm
Hi guys I am Mike from Malaysian. I am new to this forum and M & W trading method. I have been reading and trying to understand about this trading method here. I still get stomped out after gaining some profit.

Is there anyway to identify false M & W formation ?

Thanking you guys in advance for all the help and also thank you very much for the information in the forums.

Regards,
Mike
  • #615
  • Apr 12, 2012 11:33pm Apr 12, 2012 11:33pm
Quoting pshark68
Hi guys I am Mike from Malaysian. I am new to this forum and M & W trading method. I have been reading and trying to understand about this trading method here. I still get stomped out after gaining some profit.

Is there anyway to identify false M & W formation ?

Thanking you guys in advance for all the help and also thank you very much for the information in the forums.

Regards,
Mike
Attached is a trade I did last night (EU M15, Short) for the M formation which was taken out by my SL after being in profit for 15pips.

Hope you huys can tell me my mistake. Thank You.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 75 KB
  • #616
  • Apr 13, 2012 4:08am Apr 13, 2012 4:08am
Hi Pshark,

That was not an "M". There was two pins off the Water LONG. (Near the bottom of Cetre of your marked M- centre of red box..)

Then near your stop loss was the Pin reversal thrown high for the EXIT of the Long position. And even before the red box, that was the W off the Mayo. Or 4 pins off the Mayo.

Everything about that Said LONG.

That was a clear LONG entry. Sorry, Not an "M".

Regards Propex
  • #617
  • Apr 13, 2012 8:16am Apr 13, 2012 8:16am
Quoting Propex
Hi Pshark,

That was not an "M". There was two pins off the Water LONG. (Near the bottom of Cetre of your marked M- centre of red box..)

Then near your stop loss was the Pin reversal thrown high for the EXIT of the Long position. And even before the red box, that was the W off the Mayo. Or 4 pins off the Mayo.

Everything about that Said LONG.

That was a clear LONG entry. Sorry, Not an "M".

Regards Propex
Thank you Propex. Looks like i have lot to learn.
  • #618
  • Edited 10:44am Apr 13, 2012 9:45am | Edited 10:44am
Hey guys,

I guess this will be my last post on this thread. Not much active interest from others to revive this discussion and at same time, I'm probably doing something quite different from what you would like to see on "standard" MT4 templates. Anyway there's an M-pattern on AUD/USD 15mins chart at 9:45amET that could be taken short, when all other pairs have gone too far to chase the sell. Below pictures are smaller timeframes to better manage the entries (1.04014 & 1.03952), but the setup is identified on 15mins chart. 9:45amET during New York session (and 3:45amET during London session) is also called "Brinks Trade".
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD1.png Size: 32 KB
Click to Enlarge Name: AUDUSD2.png Size: 36 KB
Click to Enlarge Name: EURUSD1.png Size: 31 KB
  • #619
  • Apr 13, 2012 10:58pm Apr 13, 2012 10:58pm
Quoting bstay2
Hey guys,

I guess this will be my last post on this thread. Not much active interest from others to revive this discussion and at same time, I'm probably doing something quite different from what you would like to see on "standard" MT4 templates. Anyway there's an M-pattern on AUD/USD 15mins chart at 9:45amET that could be taken short, when all other pairs have gone too far to chase the sell. Below pictures are smaller timeframes to better manage the entries (1.04014 & 1.03952), but the setup is identified on 15mins chart. 9:45amET during...
I'm probably doing something quite different from what you would like to see on "standard" MT4 templates.

So what are you doing?
Sounds very interesting.
Please let us know!
Thanks.
  • #620
  • Apr 13, 2012 11:16pm Apr 13, 2012 11:16pm
Quoting pshark68
Attached is a trade I did last night (EU M15, Short) for the M formation which was taken out by my SL after being in profit for 15pips.

Hope you huys can tell me my mistake. Thank You.
I had the same problem. Was looking for the NY reversal. Lost on this. When you are at the far right with no hindsight things are very different.
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