Wiz Index | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

USD Index Chart Not USD Index Indicator 2 replies

US Dollar Index + AUD, CAD, CHF, EUR, GBP, NZD, JPY Dollar Index Indicators 22 replies

JPYX index like USDX index.. 3 replies

MT4 with USD index, DownJone index and Gold 12 replies

For The Wiz 4 replies

Attachments: Wiz Index
Exit Attachments

Wiz Index

  • #381
  • Edited 3:00am May 12, 2017 2:44am | Edited 3:00am
Quoting openyoureyes
{quote} not the best entries, but your lot management is good. anyone with no trade knowledge could wipe their accounts / or those who know how to trade can x100 their accounts. (just learn to avoid sideways markets + low volatility days) {image}
2779% in 1 day is impressive. Can you do it every day?
Not sure of the relevance of your TE here though but thanks for sharing anyway. Tried to check it out but it's gone.
Indentify > Plan > Accept > Execute
  • #382
  • May 12, 2017 3:34am May 12, 2017 3:34am
No relevance at all - it was dated 11 Feb 2016
Luck is where preparation meets opportunity.......
  • #383
  • Edited 4:04am May 12, 2017 3:36am | Edited 4:04am
Quoting wizlon32
{quote}1. It has never been about a complete strategy.
The beautiful thing is that one can actually use this in many approaches I think.
I've been lately testing it even for my trend following approaches where I normally enter on M15/M30 timeframes and now when the price comes to my levels and I get a "signal" there, then I just switch to the M1 Template and observe the volume and price reaction...
One can get freakin good confirmation and nice entries with a small drawdown, sometimes it's nearly scary how good it works
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #384
  • May 12, 2017 3:45am May 12, 2017 3:45am
Quoting Ozzie Taz
No relevance at all - it was dated 11 Feb 2016
Thanks Ozzie Taz, I didn't notice that. The post did strike me as a little strange though especially as the TE seems to no longer exist. Thanks mate.
Indentify > Plan > Accept > Execute
  • #385
  • May 12, 2017 4:01am May 12, 2017 4:01am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB


Attached Image
Indentify > Plan > Accept > Execute
  • #386
  • May 12, 2017 4:08am May 12, 2017 4:08am
Scalp scalp scalp
It all adds up!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
Indentify > Plan > Accept > Execute
  • #387
  • Edited 5:25am May 12, 2017 5:01am | Edited 5:25am
3 positions closed now. Best position remaining with SL at BE. Hoping to catch a runner.
Edit : pullback just missed my SL. Last position now closed. 4 x positions = 550 pounds profit approx
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20170512-105914.png Size: 320 KB
Indentify > Plan > Accept > Execute
  • #388
  • Edited 5:42am May 12, 2017 5:30am | Edited 5:42am
Eu 1m, we can see that, Price is bounce off highs and lows with volume! Which is great to scalp. Also shows we are in a range at the min, GL
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1m.png Size: 45 KB
  • #389
  • May 12, 2017 5:42am May 12, 2017 5:42am
Done for now today. Taking a break and going to the park with my youngest Daughter.

Results from a morning's work;
Edit: sorry, not quite a mornings work. Had a couple of positions over night.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 31 KB
Indentify > Plan > Accept > Execute
  • #390
  • May 12, 2017 5:45am May 12, 2017 5:45am
Quoting wizlon32
Done for now today. Taking a break and going to the park with my youngest Daughter. Results from a morning's work; Edit: sorry, not quite a mornings work. Had a couple of positions over night. {image}
Great trading mate
  • #391
  • May 12, 2017 5:49am May 12, 2017 5:49am
I was not joking when I mentioned wiz making us rich
  • #392
  • May 12, 2017 6:48am May 12, 2017 6:48am
Quoting wizlon32
{quote} Hello Seshwaan, what you say sounds to me about right but every situation is different so it will probably take you a bit of screen time until it starts to become easy to work out whats happening. Look at the last chart I posted of Dax. I was watching it as it dropped and it was very obvious that there was buying happening at the lows. I could see it very clearly on M1 and if you look at the M15 chart you will see several candles with lower wicks. Also note the huge increase in volume once we started hitting the lows. If it wasn't buying...
Hi Wiz,

Many thanks for the encouraging response. I plan to spend this whole weekend going through old charts and your trades to see if I can better understand.

Will report back next week. Until then best of luck all
  • #393
  • May 12, 2017 7:32am May 12, 2017 7:32am
Quoting wizlon32
Scalp scalp scalp It all adds up! {image}
Wiz, may i know why you did not entered on the high volume on the red arrow i put. Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-05-12_2130.png Size: 177 KB
  • #394
  • May 12, 2017 7:36am May 12, 2017 7:36am
Quoting josh11
Eu 1m, we can see that, Price is bounce off highs and lows with volume! Which is great to scalp. Also shows we are in a range at the min, GL {image}
Josh, how do you know its the high or low? Because in a live charts you can not sure if that is the high/low already. You can only see it in History.
  • #395
  • May 12, 2017 7:38am May 12, 2017 7:38am
Quoting mario777
{quote} Wiz, may i know why you did not entered on the high volume on the red arrow i put. Thanks! {image}
I did. Refer to post #385

On mobile at the moment. If that isn't the same place I will check properly when I get home.
Indentify > Plan > Accept > Execute
  • #396
  • May 12, 2017 9:09am May 12, 2017 9:09am
Quoting mario777
{quote} Josh, how do you know its the high or low? Because in a live charts you can not sure if that is the high/low already. You can only see it in History.
Have another look at the picture again, These are not all trades but if you look there is a high then at the second attempt at that high we got a lot of volume, telling us we have someone sell here, then look at the low I circled and the trade would have been the next low with volume, not saying that how Wiz trades but giving some insight in what I look for, I do have experience with volume and find it works out most times

Hope that Helped.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1m.png Size: 43 KB
  • #397
  • May 12, 2017 9:23am May 12, 2017 9:23am
Ones I like the best are ones with trend (200ema)
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1m.png Size: 42 KB
  • #398
  • May 12, 2017 10:14am May 12, 2017 10:14am
Quoting wizlon32
{quote} I did. Refer to post #385 On mobile at the moment. If that isn't the same place I will check properly when I get home.
Ok I was wrong, I actually didn't buy there where you pointed out.

Why? I'm not 100% sure. I don't actually remember seeing those candles. I may not have even been sat at the computer then.

One answer that makes sense to me is that the pullbacks were not very deep and the 14 RSI was still quite high. I notice now since you have brought it to my attention that the 14 RSI is near the 30 level a lot of the times that I was buying.
Indentify > Plan > Accept > Execute
  • #399
  • May 12, 2017 10:15am May 12, 2017 10:15am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 39 KB
Indentify > Plan > Accept > Execute
  • #400
  • May 12, 2017 10:25am May 12, 2017 10:25am
Quoting mario777
{quote} Wiz, may i know why you did not entered on the high volume on the red arrow i put. Thanks! {image}
Hey Mario golden rule mate, Buy low sell high

there you would be to extended on highs to buy, Also remember Wiz uses a lot HH/HL and LL/LH formation if you look again to that same chart having these two concepts in mind it will look a completely different chart.

all the best.
3 traders viewing now