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dazzdude replied Feb 7, 2012Two entries today. Trying not to overtrade. 1 or 2 a day is plenty so thats it for me. Entries techniques are as per wmd style. Methods work. 1. Euraud setup. (chart 1+3). 2. Eurgbp setup was based partly on 6am UK candle opening price. Often acts ...
Trading with Deadly Accuracy
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dazzdude replied Feb 7, 2012I would not. It has to look right and it does not in this instance. Safer entry would be a strong break of support and enter on pullback.
Trading with Deadly Accuracy
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dazzdude replied Feb 7, 2012Hi Iron666, The support block was defined by Will, I am just using it. I could explain it, but I do not feel qualified. I will explain why. Have you ever had the experience where you thought you understand something and you kinda do, and then one ...
Trading with Deadly Accuracy
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dazzdude replied Feb 7, 20125. EurAud. I do not want to disucss the reasons why I considered this entry, as it at not based on this thread but something else. However, I include this so as to not leave anything out. You will see entry was missed by one pip. However, I messed ...
Trading with Deadly Accuracy
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dazzdude replied Feb 7, 20124. Swissy (the one u asked me about). I have already posted a couple of times on previously on Swissy, so I will not repeat my analysis and reason. I do suggest you look at post 1960 though, as its remarkable that price did exactly (the bounce - tap ...
Trading with Deadly Accuracy
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dazzdude replied Feb 7, 20123. Long EurCad. I posted this in the room as well, you should recall. However I did say "watch only". I did take the entry myself, but it was too speculative to suggest an entry. I was not going to, but I saw someting that suggested acting. Price ...
Trading with Deadly Accuracy
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dazzdude replied Feb 7, 2012Hi Heeby. 2. Long EurGbp. Pullback in Support Block which we have been watching. You are already familar with this level. Longs above until it breaks. Just used the TL as a place to enter and stop below S/R block. (I posted reminder about support ...
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dazzdude replied Feb 7, 2012Hi Heeby, 1. Gold. Not triggered. I think gold could have a significant pullback from this high. See post 2026. (I posted gold chart in the room, you should recall)
Trading with Deadly Accuracy
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dazzdude replied Feb 7, 2012Hi Heeby, As requested, I will go through yesterdays trades/orders for the purposes of education. I will do one post for each. I hope it is of benefit. I will leave none out, see you will see the good, the bad and the ugly. d
Trading with Deadly Accuracy
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dazzdude replied Feb 6, 2012Hi Heeby, I will do this tonight after work when I get some time. I also posted eurcad in the room (u would have seen chart) and I placed an euraud limit order that missed entry by 1 pip. I did not post that one in the room as the entry idea is a ...
Trading with Deadly Accuracy
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dazzdude replied Feb 5, 2012Hi Heeby, No. You used a TL and Resistance level to define your bias. That is good. Your choice of TL and Resistance level is good. Therefore, once the TL and Resistance level is broken, you are correct in saying your bias has changed from short to ...
Trading with Deadly Accuracy
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dazzdude replied Feb 5, 2012Hi Heeby, There is nothing wrong with your interpretation of the price action. Interestingly, you say you have confluence on the lower time frame charts you have posted, and that may be true. Howerver, there is a more substantial confluence with ...
Trading with Deadly Accuracy
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dazzdude replied Feb 5, 2012Hi Heeby, Just as an exercise/example, something like this might get me interested in looking for a long AJ. It would change my bias. Then you can go hunting on your lower time frames for an entry where you can define and minimise risk. I hope that ...
Trading with Deadly Accuracy
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dazzdude replied Feb 5, 2012Hi Heeby, And finally, 3) Give yourself time. Trading requires skill. No one can take the theory of a sport such as golf, or playing and instrument such as the piano and master it over night. It takes patience and practice. Such things take months ...
Trading with Deadly Accuracy
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dazzdude replied Feb 5, 2012Hi Heeby, As promised, here is the next point. 2) Be picky with your trades. You do not need to make a lot of trades to turn a healthy profit. Some time back (before wmd4x started as a service), Will was coaching myself and some other students. He ...
Trading with Deadly Accuracy
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dazzdude replied Feb 5, 2012Hi Heeby, It could work, but it is not a high probability setup and not a position I would consider taking. There are a couple of points to remember. Here is the first. When I get time I will post the next one. 1) To check for danger... "look up". ...
Trading with Deadly Accuracy