M&W-Trading

I recall more than 90...

You are not the only one to think along these lines. You will find some guys who claim to be successful with SM~'s way of doing things, but none will show you their trade book, or anything similar (myfxbook.com etc.).

SM~ sent me a carefully trimmed screenshot of a myfxbook.com webpage, showing a steady increase for a year. It was 14 months out of date, and the last period had shown as consistent a drop, as the previous rise. There was no name associated with the screenshot - other than the email, so it could have been anybody's demo account.

SM~ has no "system" that will work in the LIVE market.

I challenge ANYBODY, who is using SM~ exclusively, to show proof of their success.

Is Steve Mauro teaching any live or online class this year? I can't find any info at the website and my emails to the Contact page got no response.

@anyone: mmaker should be able to answer your question.

@duffgen: Maybe Steve was here and didn't like what he saw?

Yesterday, EU ended up as a reset to me, but a successful trade for djmoloy. So another question could be, is this system a very subjective system?

But I think if it is subjective, then it wouldn't be consistent. Subjectivity changes, so the result will also change.

What I think we really need is a mentor to this thread. There must be people out there who trade this method successfully, but very few would be willing to share what works. There are many examples to show when they hit the jackpot, but not many are courageous enough to show their losing trades.

This system requires the "missing link". It has the rough edges right at my current understanding.

(tuesday/wednesday/thursday mid-week reversal) is a total garbage to me.Remember dealers don't follow rules they create them.yesterday gu i didn't see any patterns or dealer hands.....

M trade on usdchf. A very interesting trade today as 0.9745 was a key leavel. It was a key leavel for previous 5 days. So when i saw dealers are hitting the stops above that level and then coming back to issue a nice M formation with a nice shark fin,divergence and blood in the water i thought it's punishing time baby i just couldn't help taking that trade.I thought it was the HOD but i was proven wrong though. Entry was at 0.9738 after the 2nd candle close at the start of NY session.

djmoloy, are you demoing or trading live? I couldn't see any of your arrow trades on your charts.

Yesterday was crazy. Market went nuts even before Ben said "hello".

I m live now after doing demoing and high low drill for 6 months.I truly believe that dealers uses news to complete patterns.can anyone answer me why euro went up for 15 minutes before coming down.

looking to sell euro today.....

eurusd 23.05.13 weekly structure..........YOUR THOUGHTS............

When i saw a right right shoulder forming with the PFH i was looking for a signal to enter.If i got stopped out for 20 pips in this trade then i would have been looking for a multi day M to trade but this trade worked out well.

usdjpy live trade. Lets see what happens.

TP Hit guys

Wow. You're a high roller aint u Moloy? 10 lot trade. Damn that takes guts.

You're one of the very few people who can trade this method successfully. Well done. I commend your effort.

We would welcome your wisdom that you can share in this thread.

Neway, so you always set 40 pips TP and 20 pips SL? And what's your winning percentage?

I find your level counting different than mine. Didn't SM say to count the level based on the pushes? You seem to count it by the day. Day 1 rise Day 2 rise, etc. Instead of level 1 rise, level 1 consolidation, level 2 rise, etc, while disregarding the number of days.

TNX@Ishtana. Counting level depends on price action there is no fixed rule in fx.My broker is a mini lot broker so
1 pip=1 dollar so 10 lot is not a big deal.TP depends upon the volatility of a pair and on my SL. Today in my usdjpy trade my SL was 28 pips so my tp was 56 and it matched up with a previous high,left shoulder and S2 pivot.Steves 15 pips SL policy is a total garbage to me.The real Winning percentage i can tell after i take around 500 trade live. Right now it is around 70%.

Look there was a nice W trade setup on eurchf.I didn't take it though because over-trading is not recommended to me.

Live trade guys.... on eurusd.... lets see what happns..... 6 pips SL & 15 pips TP....

TP Hit Guys . Actually it was not the right time to trade fx thats why my Sl was tight and lot size was normal. If i use a 6 pips SL then my lot size normally would be 30.I would recommend not to trade fx at that time because it is absolute the wrong time to trade fx as Steve says.

Thanks for the honest answer Moloy. 70% sounds like you're a human. Definitely more realistic than the hyped and promised 90% Holy Grail by SM.

So feel free to share your losing trades as well That way we can all contribute to everyone's understanding. Welcome to the club Moloy.

Another trade guys on Usdjpy on 24.05.13.How can u miss these.These will just flash and say trade me short trade me short