M&W-Trading | Page 47 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Billy & Jim TMA & Channel & Life Health & Wealth 1,084 replies

TEB : BB, Stoch & MACD- 15 & 60 min trading 21 replies

Successful Trading & Determining the Probability of a Trading System 10 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Trading Supply & Demand (ob & os) 17 replies

Attachments: M&W-Trading
Exit Attachments

M&W-Trading

  • #921
  • Aug 3, 2012 11:48am Aug 3, 2012 11:48am
What can we do or what should we do to return this thread to sharing charts and setups?
  • #922
  • Edited Aug 4, 2012 10:38am Aug 3, 2012 11:21pm | Edited Aug 4, 2012 10:38am
Quoting pcguy007
Did anyone sign up for the market check down service? i think they are teaching the market maker method
pcguy007,
You have said enough of joining Market Check Down service and don't need to keep repeating that 100 times. It will just invite accusations of being a marketer advertising their service.

Quoting qtrader
Let me save you some money. I took this course and its better and the same concept. They have daily video outlook and a live trade room twice a week. They answer your email and have a skype room. You cant beat the price. http://www.daytradingforexlive.com/
qtrader,
You too have said enough of joining DayTradingForexLive service and we all heard you. Don't need to keep repeating that.
  • #923
  • Edited 10:44pm Aug 4, 2012 8:02am | Edited 10:44pm
Quoting milicentfx
anybody here trade full time for a living?
I trade full time for a living. I have created a new thread in the Trading Journals section to share my trades for August. Everyone who had shared their charts here are welcome to discuss and comment.

The Trade Explorer will appear once I get the first trade going on Monday.

http://www.forexfactory.com/showthread.php?t=377491

Quoting FX-Trader
You guys all have your PM's (Private Messaging) on can you settle your arguments there. The primary goal of this site is to share info about methods whether they work or not. That is for the trader to decide. If you want to talk about specific people ie SM why not go create a SM is a crook forum, or whatever else you want to call it.

Let's get back to the topic at hand, M & W trading. Any real trader with half a brain should never trust someone else's recommendation. Don't be nieve do your own research test the theories and then decide how to proceed.
I will do my best to prevent the bickerings at my new thread. I've placed them in my Ignore List already. They can continue to beat the **** out of each other here on this thread.
  • #924
  • Aug 4, 2012 1:55pm Aug 4, 2012 1:55pm
[quote=Reese;5902626]pcguy007,
You have said enough of joining Market Check Down service and don't need to keep repeating that 100 times. It will just invite accusations of being a marketer advertising their service.

Hey Resse, I simply asked a question i am not a marketer for anyone

Why are you calling your thread mmfx trading? i highly doubt you were trained by the mmfx group and if you are your violating the contract you signed.
  • #925
  • Edited 11:22pm Aug 4, 2012 11:10pm | Edited 11:22pm
Quoting pcguy007
Why are you calling your thread mmfx trading? i highly doubt you were trained by the mmfx group and if you are your violating the contract you signed.
Their new name is "Beat the Market Maker" so we can still continue sharing our charts under the old name "MMFx". I thought "M & W" is too limiting since there are many other setups like Straight Away or Safe Trade, etc.

If I'm violating any contract I signed, you think I would know right? No, I did not sign any NDA. I have the same study materials as many of you have, plus some "gifts" from friends which were not made public.
Attached Image (click to enlarge)
Click to Enlarge Name: BTMM.png Size: 253 KB
  • #926
  • Edited 8:42pm Aug 29, 2012 9:50am | Edited 8:42pm
I have no idea how I randomly ended up on this thread, but you people are nuts.

Have you ever considered the possibly that you don't know how to trade?

The entire market is not going to move against a 7 lot position. That's only $70 a pip.

M&W patterns are only a minor percentage of price patterns that take place in the market every day and they're constantly trumped by more important variables.

People paid money for this?

Seriously?





Quoting Eatmypips
PLACE A HIGH LOT TRADE (7 LOTS AND UP) ON ANY CURRENCY AT ANY TIME WHEN THE MARKET IS CALM/ NO NEWS AND WATCH WHAT HAPPENS. I GUARANTEE THAT WITHIN SEVERAL MINUTES, IF NOT IMMEDIATELY THE MARKET WILL PUSH AGAINST YOU, AND IF YOU CONTINUE TO HOLD THIS TRADE I GUARANTEE THAT THE MARKET WILL CONTINUE TO MOVE AGAINST YOU UNTIL YOU EVENTUALLY CLOSE THE TRADE, OR ARE MARGINED OUT. It does not matter how much equity is in your account, above 5 - 7 lots is all it takes. The computers running the forex market will control the market every second of the day,...
  • #927
  • Edited 11:51pm Aug 29, 2012 10:17am | Edited 11:51pm
Quoting Fudomyo
M&W patterns are only a minor percentage of price patterns that take place in the market every day and they're constantly trumped by more important variables.

People paid money for this shit?

Seriously?
Oh yes, 1119 people paid $5,150 and still paying $202.50/mth to hear analysis of past charts from 4 "instructors" who taught on demo charts.

http://i.imgur.com/QUPt0.png

CompassFX who used to promote Steve's course, now offered a new guru Kevin Lowry,
http://compassfx.com/kevin/ for $3,497 and $197/mth thereafter if you want to stay in the live chatroom.

Steve's private student forum is very quiet nowadays. People are questioning the credibility of the DMR instructors so much that they are now required to post their daily trades in a thread, that's how much people don't trust Steve and his instructors anymore. Even so, the instructors still post demo trades and that makes people angry. Student members have resorted to finding other ways to trade M&W, so instead of the hype of "90% winning percentage", it's more like "90% are struggling".

http://i.imgur.com/f0nmV.png
No longer trading forex. Looking for full time job.
  • #928
  • Aug 29, 2012 5:16pm Aug 29, 2012 5:16pm
Quoting Fudomyo
I have no idea how I randomly ended up on this thread, but you people are nuts.

Have you ever considered the possibly that you don't know how to trade?

The entire market is not going to move against a 7 lot position. That's only $70 a pip.

M&W patterns are only a minor percentage of price patterns that take place in the market every day and they're constantly trumped by more important variables.

People paid money for this shit?

Seriously?
Heh, pretty crazy, huh? This thread has been used in large part as hype by SM's crew/affiliates/enthusiasts. It's refreshing when others drop by, or when former members like "mmaker" bring up the other side of the coin to bring things into perspective. If nothing else, to help other newbies who are just happening upon all of this.
Sentiment: Short on cash. Long on hope.
  • #929
  • Aug 29, 2012 7:26pm Aug 29, 2012 7:26pm
Yeah, sure, the $4 trillion a day market will move against a 7 lot trade. hahaha

I know people that trade 100 lots and the market does not move against them. They make money every day.

It's good that there are those around that are stupid and will lose money so that others can gain. thanks
  • #930
  • Aug 29, 2012 9:38pm Aug 29, 2012 9:38pm
We have some very good traders whose live accounts are tracked at myfxbook or ForexFactory's Trade Explorer,
http://www.forexfactory.com/trades.php

Has anyone made studies into how they can manage to trade August or any other month, while others are believing in all these market talks about "August is tough"? Why did these traders do it so well?
http://i.imgur.com/Ie5uy.png
(I only check the Live accounts tracking. Those in Demo are also tracked)
No longer trading forex. Looking for full time job.
  • #931
  • Aug 29, 2012 11:32pm Aug 29, 2012 11:32pm
Tradeguider is interesting, but it's important to read the stats properly.

Size of account makes a difference with percentages. 1000% ROE on a $50 account is much easier than 1000% on a million dollar account. (which would be brilliant) so without seeing the size account someone is trading, it's difficult to verify actual success.

Also consistency of results is important. If you see wide swings up and down with results, or a single good month in 5 years, that works well for trading competitions, but not for long term money management of larger accounts.

Top trader in August http://www.forexfactory.com/descaboy...ph+profit/days

Second top trader in August http://www.forexfactory.com/forexsa#...ph+profit/days

Third top trader in August http://www.forexfactory.com/forus#39-graph+profit/days

etc, etc. lol http://www.forexfactory.com/donlams#...+profit/months

It paints a very different picture when you look at a lot of these traders longer term results. Most competition winners have a good month and disappear shortly afterwards.

I was watching a guy who converted a small account to 50K and proceeded to lose 40% in August before he took his tradeguider account down. His initial results were remarkable, but it's impossible to verify if he's a consistently good trader by such a small sampling. There may be some good traders posting tradeguider results, but you would need to drill down a bit more to find them rather than looking at a single months results and not knowing scale of account.

Anyway, August isn't a harder month to trade necessarily, it's just slower. So waiting days on end for price to cover the same range it covers in a single session in September is not worth it for some people. (like me)

I've been having fun with my family and enjoying swimming and other stuff. I sat through enough August months in the beginning that I don't miss it a bit at this point.

All the best with your trades.

Quoting mmaker
We have some very good traders whose live accounts are tracked at myfxbook or ForexFactory's Trade Explorer,
http://www.forexfactory.com/trades.php

Has anyone made studies into how they can manage to trade August or any other month, while others are believing in all these market talks about "August is tough"? Why did these traders do it so well?
http://i.imgur.com/Ie5uy.png
(I only check the Live accounts tracking. Those in Demo are also tracked)
  • #932
  • Aug 29, 2012 11:41pm Aug 29, 2012 11:41pm
Quoting Fudomyo
Tradeguider is interesting, but it's important to read the stats properly.

Also consistency of results is important. If you see wide swings up and down with results, or a single good month in 5 years, that works well for trading competitions, but not for long term money management of larger accounts.
Well I'm just looking at what's available for viewing at Trade Explorer. We are not going to audit each individual's live account statements with CPA. But what they have achieved with their live accounts is commendable, in that they can do it.

Are you still actively posting at your Trading Underground thread?
http://www.forexfactory.com/showthre...=227958&page=9
No longer trading forex. Looking for full time job.
  • #933
  • Aug 30, 2012 12:15am Aug 30, 2012 12:15am
Quoting mmaker
Well I'm just looking at what's available for viewing at Trade Explorer. We are not going to audit each individual's live account statements with CPA. But what they have achieved with their live accounts is commendable, in that they can do it.

Are you still actively posting at your Trading Underground thread?
http://www.forexfactory.com/showthre...=227958&page=9
I checked the top traders details with what's available for viewing, that's not exactly a CPA audit. lol

If a trader is underwater in terms of overall profitability, it's commendable that they had a good month, but not a measure of being a good trader, at least for me.

I guess everyone looks at things differently.

I'm on holiday for a couple of months so haven't been updating my thread recently. Thanks for asking.

There are a few traders I like talking with on FF, but after posting a thousand odd charts on this site, the novelty of posting has worn off a bit. Making money and less time in front of the computer is a better formula for me.

Still it's nice to drop in every once in a while and see what's going on here. Some threads on this site are quite amusing.
  • #934
  • Edited 8:54pm Sep 16, 2012 10:35am | Edited 8:54pm
iqofgenius is actually Bill. jbozman was referring to the illegal downloading of MMFx August 2011 4-days course video recordings.

Quoting iqofgenius
This is really one on the best downloads on Indo and I wish everyone would download it and distribute it to as many interested people as possible. It is a shame we can't distribute it for free on the web as it is not illegal to distribute copyrighted stuff at no charge.
[quote=jbozman;243223]Upon taking this course, I'm really appalled by people who think and believe stealing is "sharing is caring." You are so messed up in your thinking and belief system. So messed up. Karma. You can rationalize and justify, but when it comes down to it, your Karma has negative energy. This negative energy will not make you successful. And while you may get monetarily riches, overall, your belief system of stealing will always keep you from the real riches in life...inner peace.

With that said, I went through the training a while ago. I've made this system my own. But hear me on this. You can look in the past and there are tons of Ms and Ws that show up...but this isn't Steve's insight. This is nothing new. Hell, two hits to the top or bottom have always been around...same for the 1,2,3 pattern or the head and shoulders. Steve took it and made it his own and provided things in a certain light.

But be forewarned. The forex market has changed incredibly so. The market isn't providing the setups Steve talks about. After looking so hard to find how the week is setup, where they reverse off the bottom or the top...well, Steve's method falls flat on it's face. It simply doesn't pay out. Or if it does, it's not often.

Here's the deal. I could come up with a method that says, at 10GMT, look for a hanging man, hammer, railroad tracks, and then take them when they are at the high or low of the Asian range. I then call this method the London Open...oops...taken already...how about the London Breakout....oops...taken already.

I can say anything and with the market and all the pairs, eventually I will be right. And if it occurs somewhat frequently, and good money management is used, then you can make money. But after studying Steve's method for so long, I'm here to tell you that I, as someone that paid for it, I could care less about you "stealing" this.

Why? Because his method RARELY pays off. You have to search through so many pairs to see the setups. That's not trading. Trading to me is opening up a pair, and really knowing price action enough to trade that pair, unless it's flat/consolidating. Take EUR/USD GBP/USD...the pairs that move more than others. On most days, you can easily net 25 pips. Easily. And when you really know price action, you can easily put on 10 lots and make $2,500 in less than 2 hrs. You did this twice, and you're making $5,000 a day. When my account grows, that will be $50,000 a day. For 4 hours of work, not bad.

So enjoy learning his method. Bottom line is that you will be disappointed in the results because they rarely pay out anymore. In the past they did. But the market makers have studied his course. They've altered the computer programs that run the currency pairs. You need to realize these massive bankers have guys from MIT, etc., build programs that manage currency. This is how they manipulate the market. There are no buyers and sellers for each move. There is us, the trader, and them (The Banks) as the buyer or seller. We are competing against their software.

This is why you must study price action like never before. The market is getting so turbulent with Greece and Spain. When the USD starts to have problems, as it soon will with all the debt they have, the market will get even crazier. Steve's method won't work. Price action. I've studied it for 16 months...10 hours a day. And now, I can turn on my computer, have no fear, and make $2,500 in 1-2 hrs. You all who want riches quick? Your account will not. Study long and hard.

Say what you will...you guys are stealing. You can come up with all reasons and excuses. But imagine your son or daughter, if you have one, or yourself if you don't, coming up with a way to make a car run on water. Then imagine someone hacking into your computer system and stealing the plans. Next thing you know, GM or Chrysler rolls out a car that runs on water. You would be freaking pissed. Your dream of making it big was taken away. Stolen. Sharing is caring? How f-ed up! Same thing here. Say what you will, but what you say is a reason or excuse or rationalization to justify your ego believing it's okay to do this to make money.

Like I said, who cares now. His method can help understand the market...but the market has changed. Much like a robot that works when it first comes out, so to with this method. It's not working so much anymore. I just applied his template to NZD/JPY and looked for setups per his method. I didn't see one in the last two weeks. Are you kidding me? But with price action and with what I know for studying it so long? I would have a trade everyday.

That's what I'm saying. A method that rarely pays out...or studying your ass off to get to a point where you can look at any pair and see a setup...get in and get out...that's trading, people.

Good luck to you all. I mean that. No mean spirit. I wish everyone great success. But keep in mind your Karma will only take you so far./QUOTE]

Student members are equally not amused. But to the DMR instructors who earned monthly fees from fellow struggling members, ..... the show must go on.
http://i.imgur.com/g7Uk0.png
No longer trading forex. Looking for full time job.
  • #935
  • Sep 16, 2012 10:59am Sep 16, 2012 10:59am
MMaker

With all that said, who are you looking at teaching you PA or who do you recommend.

Thanks
  • #936
  • Edited Sep 17, 2012 1:37am Sep 16, 2012 11:05am | Edited Sep 17, 2012 1:37am
Quoting Pipbull76
MMaker
With all that said, who are you looking at teaching you PA or who do you recommend.
Thanks
You will have to ask jbozman in that forum. I can't post the forum link as the course videos are illegally shared there.

By the way, Steve Mauro is not bothered by all these negative feedback. In fact, he took a summer vacation and never bothered to check back into the student forum. He is busy preparing a new class in October to "teach" more new students. Sign up quick!

Quoting Pipbull76
So what your saying Steve M is the best place to look at price action, but you say he's full of Sh**. I didn't ask for files of the MM, just who do you recommend in trading PA, since your doing so well..... Not the MM method
I never said that. That quote came from jbozman and he didn't mention who he learned the PA from that made him successful.

That thread was just deleted by their forum administrator.
http://i.imgur.com/9t0Wc.png
No longer trading forex. Looking for full time job.
  • #937
  • Sep 16, 2012 11:39am Sep 16, 2012 11:39am
Quoting mmaker
You will have to ask jbozman in that forum. I can't post the forum link as the course videos are illegally shared there.

By the way, Steve Mauro is not bothered by all these negative feedback. In fact, he took a summer vacation and never bothered to check back into the student forum. He is busy preparing a new class in October to "teach" more new students. Sign up quick!

So what your saying Steve M is the best place to look at price action, but you say he's full of Sh**. I didn't ask for files of the MM, just who do you recommend in trading PA, since your doing so well..... Not the MM method
  • #938
  • Sep 16, 2012 1:58pm Sep 16, 2012 1:58pm
Quoting mmaker
Quoting jbozman
Steve's method falls flat on it's face. It simply doesn't pay out. Or if it does, it's not often.
Interesting read, MMaker. Where do you get these comments from?

Neo
Sentiment: Short on cash. Long on hope.
  • #939
  • Sep 17, 2012 3:37am Sep 17, 2012 3:37am
Steve method has to be customized into your own trading style. Apart from the setups which don't always occur everyday every other aspect what he talks about makes sense such as they go where the money is and try to locate the high and low extremes of the day.

I think you need to watch and read all you can and filter out what works and what doesn't and what you prefer to create your own trading plan and backtest it at least 2 years and then demo it before going out live.
Find your Favourite Pattern
  • #940
  • Sep 18, 2012 9:55am Sep 18, 2012 9:55am
How can newbie like me become apart Skype Trading room?
2 traders viewing now