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

  • #821
  • Jul 3, 2012 8:56am Jul 3, 2012 8:56am
ok need some help, what is the skype group name for the M W trading?

somehow there seems to be more than one possible mw trading groups.
these are the ones that are talking about it:
Market Waker$
Advanced Rend Trading

and i think this is the official name: M&W Trading
  • #822
  • Jul 3, 2012 9:01am Jul 3, 2012 9:01am
Quoting InfniteDSGN
It turned out it wasn"t profitable. Anyone could tell my why should I have avoided this trade?
I am no expert but have a good understanding thus far. The simple answer looking at your 60m chart (#2) is you were in a possible level 2. The market tends to move in cycles of 3. So you see the Big "M" at the top of your 60m this was after a huge thrust up. The Big institutions gave out their money during those very huge moves to keep markets efficient they need it back as they have to make a profit, they are not in this business to turn losses. So they will typically move back down in swipes of 3. So again looking at your 60m chart the expectations would be for one more thrust down.

Another observation is if you get back to the MA's in 2 thrusts, after a M top also occuring after 3 moves highe, then typically the MA will not create a bounce, but research this to better understand the behavior on a 60m in these zones.

Happy Trading!
  • #823
  • Jul 4, 2012 1:04am Jul 4, 2012 1:04am
Quoting InfniteDSGN
Hello Everyone!

I'd like to post an entry wich I made on Demo.
I'd ask the experienced MMM traders to review this!
Was it a valid signal, would you have taken the trade?
It was today.

It turned out it wasn"t profitable. Anyone could tell my why should I have avoided this trade?

Wish you the bests!
Really the only issue I see with that trade is that it was not at what I call a high probability manipulation point or point of confluence. Through the course of the day there will be M&W's but this is not what we should be looking for as this is simply pattern trading.

One thing that I would recommend looking for M or W in the direction of the overall weekly cycle. Additionally if you notice there were 2 short term cycles down when you were taking this trade and it later gave the third push completing that short term move. That is why NOW I have more of a bias up.

With that being said I would love to see a stop run of 1.2580 to signal a push to the upside.
  • #824
  • Jul 5, 2012 1:45am Jul 5, 2012 1:45am
could someone give me thoughtd on these levels http://screencast.com/t/Ctn4ZCbb
  • #825
  • Jul 5, 2012 1:54am Jul 5, 2012 1:54am
Quoting robertj62
could someone give me thoughtd on these levels http://screencast.com/t/Ctn4ZCbb
Hi! I see your level 3 more as a level 2, instead.
Because this move down was made after a stop run to the upside.
For me, the origin of the levels are stop runs so, to count the levels, I try to find the manipulation behind it.

Hope it helps a bit.
Cheers!
  • #826
  • Jul 5, 2012 11:14am Jul 5, 2012 11:14am
I 2nd that, looks like level 2 to me



Quoting robertj62
could someone give me thoughtd on these levels http://screencast.com/t/Ctn4ZCbb
  • #827
  • Jul 6, 2012 12:02am Jul 6, 2012 12:02am
wanted to thanks everyone that is commenting and seems eentually might get levels right. posting some more chart on what I think the levels migh be now. hope got at least some of them right.
eu 1hr http://screencast.com/t/H0Z0uezetqo
gu 1hr http://screencast.com/t/MEtDDnj7sbe
uchf 1hr http://screencast.com/t/J7cOW1tyT
ej 1hr http://screencast.com/t/19sge3mh

Please slap me around until I learn !!
  • #828
  • Jul 6, 2012 12:09am Jul 6, 2012 12:09am
Quoting robertj62
wanted to thanks everyone that is commenting and seems eentually might get levels right. posting some more chart on what I think the levels migh be now. hope got at least some of them right.
eu 1hr http://screencast.com/t/H0Z0uezetqo
gu 1hr http://screencast.com/t/MEtDDnj7sbe
uchf 1hr http://screencast.com/t/J7cOW1tyT
ej 1hr http://screencast.com/t/19sge3mh

Please slap me around until I learn !!
Hi Robert.
I think GU is still in level 2, i.e, we have another push down(the 3rd).
Sounds a bit strange because is not conforming the euro levels but....
If you look at the GU top you"ll see a topping formation and erratic, choppy moves, what is typical of 3rd levels. From there, you can count 2 pushes downs. therefore, 2 levels.

It is IMHO!
Cheers!
  • #829
  • Jul 11, 2012 1:45am Jul 11, 2012 1:45am
Was wondering if this thread has died or just everyone enjoying all the pips their making.
  • #830
  • Jul 11, 2012 1:50am Jul 11, 2012 1:50am
Anyway still working with trying to master the Levels here are some post and hope their getting better.

EJ 1 hr http://screencast.com/t/YnMpEa0O
UCHF 1hr http://screencast.com/t/36l7tioN0z
AUS 1hr PFH level 1 or Reset ?? http://screencast.com/t/GTuNre9Ozd
gu 1he PFL with Anchor http://screencast.com/t/vDN4IrWEcH

Lots of activity in the skype room great that someone took the time. strictly S&M
  • #831
  • Jul 12, 2012 12:10am Jul 12, 2012 12:10am
Quoting joaoborras
Hi Robert.
I think GU is still in level 2, i.e, we have another push down(the 3rd).
Sounds a bit strange because is not conforming the euro levels but....
If you look at the GU top you"ll see a topping formation and erratic, choppy moves, what is typical of 3rd levels. From there, you can count 2 pushes downs. therefore, 2 levels.

It is IMHO!
Cheers!
I'm thinking today's move was a first push down. The reason I think that has more to do with the time factor. If the third push were to come tonight the weekly move would have only been 2 days long. It also looks like the EUR/GBP has made its 3rd push down which means we could be in for a wave of Pound weakness. I like the 1.5520 level as a possible point for the stop run down based on quite a bit of confluence in this area.

http://clip2net.com/s/26VYp
  • #832
  • Edited Jul 18, 2012 5:35am Jul 17, 2012 8:15pm | Edited Jul 18, 2012 5:35am
Quote
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Attached File(s)
File Type: mp3 Steve's Response to Zen.mp3   1.5 MB | 924 downloads
No longer trading forex. Looking for full time job.
  • #833
  • Jul 17, 2012 10:20pm Jul 17, 2012 10:20pm
Good evening,

Having read through the previous 56 pages today, I was amazed at how much information was shared...very cool to see people helping people!

I was curious to see if anyone in here is using any of the methods mentioned (M&W, Mauro, etc) to trade any futures...specifically /ES (E-Minis) or /TF (Russell)?

Thanks in advance,
Bob
  • #834
  • Jul 18, 2012 4:28pm Jul 18, 2012 4:28pm
mmm might be interested in checking this out, it's way cheaper than 5K
the fee's have changed
$99.95 monthly for sm students and $129.95 for non members students



Quoting mmaker
Check out Zen & Kanin's new coaching service when it is ready for business:

What are your fees?

We are excited to inform you that Market Check-Down has one low all inclusive monthly fee, tiered as follows (this includes a special offer!):
[list][*]$79.95/month...
  • #835
  • Jul 19, 2012 1:56am Jul 19, 2012 1:56am
Quoting pcguy007
the fee's have changed
$99.95 monthly for sm students and $129.95 for non members students
If the methodology is sound, why does Mauro continue to fleece his disciples? Maybe it's because he ISN'T much of a Trader at all. He left the OTA under a cloud, only to spring up a short while later as A Great Trader, and an introducing broker.

Then we must not forget the lay-preacher Zen Alldredge, the 50% partner of the doomed MMMForex.com, looking forward to being bought out of his half of the business "hopefully soon". It really does suggest that there never was anything of substance with the outfit.

It seems that the only people making money at Forex are the gurus who flog their "courses", or those that promote those gurus.

Compass FX have started punting another self-styled guru, now.

"You have everything I know. I will never charge you for anything ever again.." SM~
  • #836
  • Jul 19, 2012 2:03am Jul 19, 2012 2:03am
Quoting Duffgen
"You have everything I know. I will never charge you for anything ever again.." SM~
He did promise that "this is the last course you will ever need. I will never charge you a single cent more".

So now he is going to spend time teaching in the DMR, indirectly forcing the students to sign up additional $102.50/mth to Kar, Ray, Jim, Kim. Fleecing the same group of students.

Zen left to form his own service, offering to coach those who are still struggling. Again, fleecing the same group of students.

CompassFX touting the new Kevin Lowry service, as filling the missing gap since Steve don't do live chatroom trading. Again, fleecing the same group of students.
No longer trading forex. Looking for full time job.
  • #837
  • Jul 19, 2012 8:22am Jul 19, 2012 8:22am
Ya this is a mess, SM has dmr and now zen will have his version of the DMR.
I still beleive in the market maker method i just think that real traders should be teaching it not these guys.



Quoting mmaker
He did promise that "this is the last course you will ever need. I will never charge you a single cent more".

So now he is going to spend time teaching in the DMR, indirectly forcing the students to sign up additional $102.50/mth to Kar, Ray, Jim, Kim. Fleecing the same group of students.

Zen left to form his own service, offering to coach those who are still struggling. Again, fleecing the same group of students.

CompassFX touting the new Kevin Lowry service, as filling the missing gap since Steve don't do live chatroom trading. Again,...
  • #838
  • Jul 19, 2012 10:49am Jul 19, 2012 10:49am
Well then....all in favor, say yes to pcguy007 teaching us! http://www.forexfactory.com/images/icons/icon12.gif

Anybody out there know of any groups/sites that trade this method on futures?

Thanks again!
Bob
  • #839
  • Edited 2:24pm Jul 19, 2012 11:15am | Edited 2:24pm
Im no teacher but i have been trading what i have gathered from sites, blogs and forums for the last year. since then my trading is way better
I'm sure there are traders that will give it a try maybe zen can demonstrate and teach better.




Quoting bstay2
Then again, are you willing to pay if a real trader is teaching it? Successful trading is a fulltime endeavor and for the trader to take time out to teach you, he may request for compensation to his time and opportunity costs. The fee might come up to the same price as what Steve is asking. That is the reality.
  • #840
  • Jul 19, 2012 7:18pm Jul 19, 2012 7:18pm
Quoting pcguy007
Im no teacher but i have been trading what i have gathered from sites, blogs and forums for the last year. since then my trading is way better
I'm sure there are traders that will give it a try maybe zen can demonstrate and teach better.
Stick to golfing Zen. What a shiiite show! http://www.linkedin.com/in/zenalldredge
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