M&W-Trading

Whew, gotta take a break from trading again for now. If you keep making unbelievably stupid mistakes then maybe your brain, mind, and soul are just tired from something. And no I didn't tank my account.

Hey, trading is a hard work. Unless you have a safe EA that prints out money with minimal monitoring, then trading is as laborious and as taxing as any other job.

How's everyone these days? Haven't heard from any of you for a while now.

Would love to hear more about your method....happy to hear you are doing better after you spent so long struggling. I've been a ghost in these forums and it's been really insightful to hear what everyone has been talking about.

I've been having really successful trades lately too, over the past month something clicked and I've had 10 straight successful trades in a row so far (I don't trade that often). I can't really thank any one particular system, but I merged the concepts of SM, MC, and even a couple people in here. What I actually do is completely different than anyone else I've ever read about. I'm still demo-ing, and I'm trying to make sure I'm not just getting "lucky" trades, but I hope to go live soon (I'm still learning risk management and other technical/software things).

This method is good but the timing in wich the moves happen change more than they let us know.
It's often like a game of cat and mouse.

From observation, I notice that after 3 subjective pushes, price tends to retrace for at least 10, and up to 25 pips. The theory goes, the market makers have to book a profit after 3 levels of pushes. Just like they mildly did on Level 1 and Level 2 Consolidation. But there is no telling what's gonna happen next. Very often the market makers still have stock (open position) to distribute and wrong pending orders in the original direction, so they extend the move to Level 4 all the way to level 7 or 8 based on my measurement. You cannot be greedy. I guess this is in a way of them saying, "You wanna piece of me boy? In my own turf? With my own gang? Tell you what. Take only Level 3 retracement, that's your share of the pie, then f*** off or we'll hurt you."

So if I close my position for 10-20 pips then price goes 200 pips in my direction, I don't give a rat ass. I did my trading plan. I've been given my daily pip. Whatever happens next is irrelevant. The market is gonna be there by the time my great-great-great-grand children are born. I never chase price. Market makers have to induce me to trade. I never beg for a trade.

That's it. That's my method. It is a scalping method with around 75% probability. And btw, I never trade any red news. There are many people news straddling (evident from the chart) and I would hate to be in either side of the trade.

Now, I'm gonna show you both my successful and unsuccessful trades.

I noticed EUR/CHF has reached level 3 upward on Tuesday (or so I thought). This is the unbelievably stupid mistake I told you about. When the position is -50 pips, you realize it only has reached level 2. It is so obvious, but I took the trade anyway. So frustrating. A sign of lack of concentration or just simply brain fatigue after watching chart day and night for years now. So I had to close that when it was -25 pips. Had I been patient and let it go till the next day, I would've BE or get small profit. But again that's not my trading plan.

The successful trade happened later when the pair has indeed reached level 3. I put my subjective entry and made 10 pips on the way down.

Getting 10 trades straight up is crazy! You must be doing something right, but I agree you have to make sure those are not lucky trades. I went live when I had 75% rate over 3 months demoing.

I used to use this system although it was helpful it wasn't accurate enough to time the market turns or continuations. My trading has completely changed since I learned the Tom De Mark TD bar counts makes trading so simple and easy to read charts in all timeframes.

Is anyone here interested in working on trading together using the M&W system via email, google chat or skype? Just the process of putting on trades, timing entries/exits, in return I'd be happy to share my particular method as well.

Isn't Neo's skype room is designed to do exactly that? Just PM him and he'll let you in. Everyone in the room knows SM method, although not all of them practice it.

Do you know how I can get in contact with Neo?

Just go to his profile and send him a PM. He's a very approachable guy.

http://www.forexfactory.com/neorio

How likely is this scenario?

SM boasts having hedge funds and institutional traders as his students. And this is apparent by the fact that his students themselves begin to re-teach his method. PLUS, his material is all over the place. Anyone can pick it up.

Now, hedge funds and institutional traders trade directly with the banks. If the market makers notice how pending orders and market orders are significantly increasing in the same direction of where they are going, would they let it slip, and allow themselves to lose or at least have less profit?

Is this the reason why his original method doesn't work any more, and we keep seeing failed safety trade and PF re-violations?

No, what I meant is this. Say the MMs are stop hunting low rise and they suddenly notice that by doing so, a whole lot more people are making money by putting the right order at the right level at the right time. I'm taking a wild guess they would've extended the level to trigger the stops of these "new" profitable traders.

I've told everyone several times now, I don't need anyone's validation of my understanding of the market. What anyone says is irrelevant to my bottom line. We are all just faceless usernames interacting in a forum.

So I may not fully understand SM method, but I'm quadrupling my account. Like it has been said before, the original SM method no longer works, so there's little point trying to understand it.

SM indeed says that money is needed to move the price. They won't move the price if the move isn't justified. But considering SM teaching his retail students to trade 10-50 lots, his wholesale students would be trading 100-500 lots or even more.

What do they gain from it you say? Money. What else? SM covers stop hunt extension and that is exactly the reason why. By extending the stop hunt, they practically do 2 things on leverage: inducing the wrong traders to trade and hitting the stops of the right traders. Given the right condition, MM would happily extend the stop hunt or level if people are putting outrages amount of lots to trade.

And SM did advocate 23 pips SL above the HOD or LOD, so it is plausible for a stop hunt to be extended just to reach these SL. I'm simply questioning the reason behind the common occurrence of extended stop hunt and PF violation.

There are no villains in the market, morality is out of question in the financial market, there are only bulls, bears, and pigs.

Why are you keep deleting you posts "anyone"? It feels like I'm talking to myself. Why are you afraid of showing people what you said to me?

Posted by anyone
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---Quote (Originally by Ishtana)---
No, what I meant is this. Say the MMs are stop hunting low rise and they suddenly notice that by doing so, a whole lot more people are making money by putting the right order at the right level at the right time. I'm taking a wild guess they would've extended the level to trigger the stops of these "new" profitable traders.
---End Quote---
What do they gain from that? Just to cause people to be stopped out and lose money? Just for fun to see these people lose? How do they gain by this action? By risking their own money to push prices in certain way, they have to profit from the action. What you are saying is the typical conspiracy nonsense. You just want to portray them as villains. But in financial terms, it makes no sense why anyone would want to do such a thing. I think you should give up trading SM method. You don't even understand the motives and how market makers make money. You just think they move prices around. They have to benefit from it in monetary terms.

Posted by anyone
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---Quote (Originally by Ishtana)---
So I may not fully understand SM method, but I'm quadrupling my account.
---End Quote---
Please make your Myfxbook public. Right now only yourself can see it, we can't see anything to know if you really "quadrupled" your account as you claimed. Or put your account up on ForexFactory's TradeExplorer, and please make sure it is set to public.

---Quote (Originally by Ishtana)---
Like it has been said before, the original SM method no longer works, so there's little point trying to understand it. SM indeed says that money is needed to move the price. They won't move the price if the move isn't justified. But considering SM teaching his retail students to trade 10-50 lots, his wholesale students would be trading 100-500 lots or even more.
---End Quote---
There are so many false assumptions used to justify your false assumptions. If the original SM method no longer works, why would any student take trades in sizes of 10-50 lots (retail) or 100-500 lots (institutional)? You have no evidence to know if even a single person ever trade such size. It is entirely possible that no one believes his teachings anymore and no one trades these sizes. So your entire line of assumptions are hearsay and without proof.

---Quote (Originally by Ishtana)---
And SM did advocate 23 pips SL above the HOD or LOD, so it is plausible for a stop hunt to be extended just to reach these SL. I'm simply questioning the reason behind the common occurrence of extended stop hunt and PF violation.
---End Quote---
Again, this is false assumption and used to question other false assumptions. Since SM method no longer works, it follows that no sensible student will trade this method. No student will risk 50 lots or 500 lots. And no student will place their Stop Loss at 23 pips above HOD or below LOD. Since no one trades this way, why would there be any need to "extend the stop hunt"? It simply means that the method no longer works, and no one trades it, hence the price patterns no longer follows what you expect to happen (extended stop hunt or PF violation) since none of these reasons ever existed.




Your accusation of false assumptions on my so-called assumption is based on a very false assumption, that is: assuming that I was making an assumption. I wasn't making any assumption, I was posting a question, a possibility. And the two are not necessarily the same, unless you assume them to be the same.

Your argument is weak because you attack my opinion, demanding evidence, yet you give no evidence of the contrary to prove you right. That speaks a lot about yourself.

How can you prove that no one is still practicing the original SM method? That no one happens to stumble upon his material, becomes over confident and follow his teaching by trading massive lots thinking they have found the Holy Grail? I myself get excited the first time I met SM, and surely any struggling trader would falsely feel the same. But that excitement dwindled down quickly upon the first few demo trades.

I've put the setting of my fxbook to general, again. I don't know why you cannot see it. I didn't publish it to boast, I was only fulfilling a promise I've been given to do. To help struggling traders when I'm doing ok. But talk is cheap. So I have to provide some form of credential. And that's the sole reason why I'm publishing myfxbook page.

https://www.myfxbook.com/portfolio/ishtana/581968

I put in $200, then I blew it, put it another $200 and $100, then withdrew all $500. And it's currently on ~$1200, pure profit. That's the proof for your demand. More than quadrupled in theory ($200 x 4 = $800). I have not misled or lied to anyone. If you want to know how I did it, I've put my method in public just a few posts ago. Nothing is hidden. If anyone still want to attack me with the usual mumbo jumbo (must be luck, must be "fake" real account (if that's possible), must be using alien technology, must be hacking the myfxbook website, must be hacking my own MT4 terminal, etc), go for it, it will be totally irrelevant.

In case you still cannot see the page, I'm attaching the screenshot of the page.

Your past performance outdone all my trades and everyone else's. No one can pick the absolute top and bottom like you did. Surely you've been more successful than I am. And I derive that by logic and evidence, not by assumption.

Look, if you want to make this a pissing contest, make the call. But one thing you can be sure of, I ain't gonna be in it. I came into this thread only to ask, sometimes even sounding like begging in frustration, for help, for I was in really bad shape. Only I know what pain I went through, because no one else in my circle knows that I'm trading forex. And only I know what effort, time, energy, and money I've put in to be where I am today.

I have gotten such help from the generous people, and I have offered my help back to this community as a form of gratitude. But the pattern that I notice in every forum is that once you're getting by, (not me, I'm still deep in red) you're becoming public enemy number one. I'm very surprised to notice this repeatedly over the years. There are just too many haters and naysayers cropping up when they meet someone who trades successfully. Even from this thread alone you can find living testimonies from such people. NOT an assumption, but observation. There are still successful traders who are far ahead of their peers and still in peace with everyone.

Then these people demand to see their trade explorer/myfxbook. And then what? Nothing. You cannot learn anything from their trades page. I've seen so many trades page from very successful traders. It's not hard to find them. But I cannot learn anything at all in terms of their strategy, at least I don't know how to learn from them. Even with those who open their current and historical trades to public, all I can see is one beautiful trade after another. Can I replicate it? Not a chance.

So they only want to see it, and preferably seeing it destroyed, anticipating the next blow up or margin call, as if they are praying that these successful traders to fail and to "return" to their herd. Tall poppy Syndrome at its best. No wonder successful traders disappear from forums once they are getting by. This is observation, NOT assumption. And you don't have to demand evidence, you can use your own intelligence to find such threads for evidence.

This thread has been derailed from its original purpose and it has now becomes toxic for me to participate. If someone needs my help, you can simply PM me, but I will refrain from following on this thread.

Hey there, I'm newbie in Forex and very interested in your thread.

I must confess that I know just the basic and haven't read the 74 pages yet which I will do.. eventually

Anyhow, this is what i just spot, I will appreciate any comments so that I can learn from the more senior traders

still not quite sure how to work out S/L and T/P is my challenge..meaning many profitable trades turning into lose and viceversa

Cheers guys

What exactly is that method?

http://www.bloomberg.com/news/2012-1...investors.html


http://cs.calstatela.edu/wiki/images/c/cb/DeMark.pdf


http://www.tradersdaytrading.com/tom...ndicators.html

I only use his trend line and it works. Try and study his books and find out if it suites you. Bloomberg Terminal is for hedge fund managers and makes no big deal on Demark indicators.

Guys study everything about Tom De Marks system they absolutely revolutionized my trading making it so simple as counting 1-9 and 1-13 not 100% but close to it.

Well, in a nutshell when we see 9 up/down bars = reversal either countertrend reversal or trend based reversal of that move. Also, there a 13 bar count up/down system after the 9 up/down bars going into 13 bars is exhaustion territory before buying or selling. It works for me. Read his book the new science of technical analysis by Tom De Mark its on 4shared i think.