M&W-Trading

http://img11.imageshack.us/img11/4784/042512eu.gif

Your GBPJPY entry is after the 2nd leg of the M formation on the 4min chart, am I right to say that ?

Thanks.

Regards,
PShark

Thank you.

Hello everyone!

My first post on FF.

Been a lurker on FF from 2006 .

Trading full time mainly forex.


I would like to say that M and W trading is base of most full time traders i have met . Most use variations developed with experience to gain most of these formations.
I myself base my most trades on this and to say the least if used with market experience this has very high success rate .

Will share some charts as the opportunities arise.

Current formations on daily that fuel the basic price moves on lower timeframes.

EUR/JPY on 15mins chart showed multiple hits to the highs (indicated by 4 green circles). best entry 107.516 and best partial exit 106.886, for +63pips. took partial profits along the way.

GBP/JPY was tandem trade on Yen strength. best entry 131.389 and best partial exit 130.914, for +48pips.

EUR/USD shorted 1.32539, added 1.32418, in attempt to pick tops at 3:45amET "Brinks Trade" on third day of rise, with bearish TDI divergence on 4mins, possible mid-week reversal. best partial exit 1.32041 for +50pips (ADR was only 64.4pips by 10amET). EUR/JPY and GBP/JPY were better choices for short due to Yen strength during London session.

AUD/USD didn't move much. scalped +19pips (ADR only 48.4pips today).

http://i.imgur.com/czI3D.png

EU
http://img12.imageshack.us/img12/4427/042612eu1.gif

GU
http://img27.imageshack.us/img27/2957/042612gu.gif

Hi bstay,

great info and charts! Just wondering would you say the Eur/JPY was the best most probbable setup out the 4 not just the point difference but market structure? Also, do you find 4 min charts are easier to identify 2nd leg M and W formations than say a 5 or 15 mins chart? Do you use Hieken Ashi candles?

Since we use 13ema/50ema/200ema (and 800ema), we know that these moving averages are factors of "4". So the 50ema on 1hr chart is represented by 200ema on 15mins chart, or the 13ema on 4hrs chart is represented by 50ema on 1hr chart.

4hrs ---> 60mins ---> 15mins ---> 4mins ---> 1min

Using 4mins chart is to keep consistent the factor of "4" in both indicators and time intervals, so that the 50ema on 15mins chart is best represented by 200ema on 4mins chart, or the 200ema on 4mins is best represented by 800ema on 1mins chart.

One 1hr candlestick bar can be zoomed into four 15mins bars, and one 15mins bar can be zoomed into four 4mins bars. You choose your time interval depending on what levels of small detail (or big picture) you are analyzing. You can find the same formations and patterns in all timeframes from 4hrs to 1mins.

Most people use MT4 platform (M30, M15, M5, M1) and do not have 4mins interval, and many people strictly trade this method on 15mins chart only. Because I have multiple entries and exits, I use 4mins pictures to show these arrows and dotted lines in more detail besides showing 15mins pictures. They are the same pattern setups, just zoomed up or zoomed down by 4 times.

As in below example, you can do very well just trading only 15mins chart. You don't need 4mins or 5mins charts to see TDI divergence, second leg of M-pattern (2 entries), head-and-shoulders reversal (3rd entry), capturing full ADR from HOD to LOD. For this method, we don't trade the asian consolidation/accumulation "blue box".

Nice "W" AUD/USD daily...

Catch up the bull run prior to AUD rate decision next month.

Hi,

I want to thanks everyone who post very informative charts and the other information, Bstay2, Kapten, pipanator etc.

Your charts are giving good information to me as am a new trader and learning lots from this.

Kepten how is the Vladimir Lst system is that working good and gives good information ??

Thanks

Nasir

Can someone tell me how do you know the level counts? Are intraweek levels on the 4 hour set about 90-100 approx and intraday are 25-50 lets say on the euro?

One veteran M/W trader made a video in which she zoomed out the 1H charts and used how often price retraced to the 50 EMA as a handy way of counting levels.

Can someone post the indicators of the MMM please.

ADR (I believe 20-period? maybe 14)
HOD/LOD - these are the High of the Day/Low of the Day from the previous daily candle
Asian range shaded box to show that session range
EMAs - mustard, ketchup, water, mayo and blueberry (though it seems most people skip the first two): 5/13/50/200/800

I think that's it...

I hope you did take longs on GBPUSD on 27 april. it was very clearly seen already a day before. nice signal for +89 pips at 1.6178

I didn't, as I said in the blog, I was late and have no intention to chase the price as I forgot that this recent weeks the move usually began around 4 GMT while I usually open MT about 7 GMT (the pic show the time, set to GMT = 0 ).

Post #651 pic snap taken a moment after I open the chart on Friday 27th while post #655 pic taken on Saturday 28th as analysis for Nasir.

I set up the Blog to make the learning/teaching process easier instead of mixing it in the forum risking that the post or thread could be deleted someday.

If you follow my pic posts in indo-MMM and some post here, they clearly show live pips gain snapshot right before the trade closed (live account) since MMM original template has the indy for pips gain of each trade which I scaled-in.

See that the previous picture showing the green dashed lines as the entry which label sell/buy, red dashed lines as the adjusted stop. While the picture of Apr 27th movement has no line of orders and stop but Divergence line and my line/circle just for analysis purpose combining LST and MMM since I have just purchase LST on Apr 27th.

I hope that next week I could provide the forum with useful pic along with its detail analysis in the blog to prevent it from being deleted as some thread in Indo.

Sama-sama

EUR/USD, GBP/USD, EUR/JPY seemed to show M-pattern on smaller timeframes (4mins), during and just before London open. Once we identified the HOD signatures (false move beginning of week), we can still scrape out winners even on a "slow" day.

EUR/USD shorted 1.32468, added 1.32363. Best partial exit +33pips. Trailed out remaining lots at 1.32342.

GBP/USD shorted 1.62832, added 1.62725. Best partial exit +24pips. Trailed out remaining lots at 1.62703.

EUR/JPY shorted 106.119, added 106.023. Best partial exit +31pips. Trailed out remaining lots at 105.999.

Not much price movements across all pairs, ahead of tomorrow's Labor Day holiday. Scalp what market gives.
http://i.imgur.com/7vPye.png

If the M or W formation is spread out over 2 days like the E/U has from Friday on the 1/4 hour does it make it more significant than on 1 day on a 15 or 4 min chart?