You are right, this is not true Deadly setup: we see rejection of the upper resistance and lower support potentially turning into resistance. We notice momentum is bearish and see bearish engulfing pattern after first rejection of the lower support: ...

Trading with Deadly Accuracy

My recommendation would be to start projecting TP's to Supply/Demand zones that are probably going to be tested if setup is valid. This will deepen your understanding of the method and will help you to establish Risk:Reward ratio of your trades. ...

Trading with Deadly Accuracy

Yes, this way, we are helping each other to gain mastery.

Trading with Deadly Accuracy

These setups offer a blueprint for trading among supply/demand zones in my oppinion. So first step to master is identification of these zones and then execution of trades among them. Check out some webinars by Sam Seiden for more about use of SD ...

Trading with Deadly Accuracy

Yes, the game never dies :-)

Trading with Deadly Accuracy

EX hit its daily pivot at the same: image

Trading with Deadly Accuracy

Dollar Index just fell at daily pivot: image Market confluences: make or break for both of them.

Trading with Deadly Accuracy

I am in too. With respect to how much you believe in a given setup, you might want to set SL @ BE -- at risk of being taken-out, because smart money are going for it more often than not. We call it re-testing, but it has this nice side benefit.

Trading with Deadly Accuracy

This would be even more telling: image

Trading with Deadly Accuracy

Option for me is to sell rebound from lover SR level or leave it be.

Trading with Deadly Accuracy

I now try to look at it this way: image

Trading with Deadly Accuracy

"Where there is a smoke, there may blaze up a fire" This baby might go down.

Trading with Deadly Accuracy

Watch for USDJPY.

Trading with Deadly Accuracy

Break-out would be down. System 2 option would be pullback to consolidation zone above and shorting rebound from there -- which would offer opportunity for very tight SL.

Trading with Deadly Accuracy

Risk:Reward is 1:3 if you would go for it. Wait for break-out on H1 (candle close): image Or wait for System 2 for even neater RR :-)

Trading with Deadly Accuracy

Yes deankenny, I omitted to post H4 chart on which setup was based: image So your concern was right. Now the battle is full-fledged, so not a best place to stay until either of 123 formations on M30 chart is completed: image H1 support you ...

Trading with Deadly Accuracy

It now reminds of run-down to penetrate upper resistance (or go for re-test; in this case it would be classical 123 formation for entry) SL @ BE + a little. image

Trading with Deadly Accuracy

Here's my setup for EURAUD which I would assume to be very conservative for Deadly method: image image

Trading with Deadly Accuracy

Great instruction on how to execute long-term (Deadly) trades using SAM.

Trading with Deadly Accuracy

In a few cycles, 1.22 would be tad cheap even for me :-) But with trajectory of ultimate long-term prediction I do agree.

Price is everything