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b2st replied Feb 16, 2012Are their live chatrooms conducted using omNovia conferencing software? I noticed their sales webinar room expired too. image
Your Trading Room (YTR)
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b2st replied Feb 16, 2012Thursday (part 1 of 2) — USD/CHF short 0.92894, added 0.92840, best partial exit +70pips. M-pattern 15mins at pivot M4 and ADR highs, reversal candle at 8:30amEST, TDI came close but could not break volatility band. Target was 15mins 200ema. ...
June 2011
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b2st replied Feb 14, 2012Tuesday — GBP/USD short 1.57536, added 1.57528, best partial exit +81pips. confluence of pivot M2 and declining 200ema 15mins. EUR/USD short 1.32033, added 1.31975, best partial exit +69pips. confluence of fibonacci retracements and declining ...
June 2011
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b2st replied Feb 13, 2012pivot studies with 5pmEST closing (red) and 12amEST closing (blue) — Monday reversal setups appeared to coincide with 12amEST closing pivot mid-points, rather than 5pmEST closing pivots. 5pmEST closing pivots included last Friday's price ...
June 2011
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b2st replied Feb 13, 2012very late entry, in direction of weak USD/JPY — EUR/JPY short 102.796, best partial exit +52pips. 8:30amEST breakdown candle in direction of strong Yen. late entry, cannot add.
June 2011
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b2st replied Feb 10, 2012In the DVDs, Steve Nison said that he has 18 trading principles that he taught to institutional traders. But in the DVDs, he only mentioned selected few such as "Principle #6 - A candlestick line or pattern requires two criteria: (i) The shape of ...
Steve Nison's Candlestick book
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b2st replied Feb 10, 2012Do you always target 3.75 x ATR and 6.75 x ATR, and move stop to breakeven after 1.5 x ATR? Is your stop loss at 1.5 x ATR also? Why "3.75" and not 3.0 or 4.5 or 6.0 (multiples of 1.5)? The reason I'm interested in this subject is because I'm ...
M&W-Trading
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b2st replied Feb 10, 2012blow by blow — wow, this thread turning into another EUR/USD interactive thread, url take a look at 4hrs charts and see if you noticed: EUR/USD rounding top. or Level3 in MMM terms. GBP/USD head-and-shoulders formation. Level3 top. AUD/USD ...
M&W-Trading
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b2st replied Feb 10, 2012USD/CAD might have a short setup at 5:45amEST with negative divergence in TDI. AUD/USD looks like a W-pattern ....
M&W-Trading
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b2st replied Feb 10, 2012EUR/USD no good. Consolation prize instead in GBP/USD long from a morning doji star reversal.
M&W-Trading
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b2st replied Feb 10, 2012I was just borrowing your earlier quote about "weak M" into my little story, I don't have this distinction yet in my trading. I saw your examples but how exactly do you determine if the M or W is weak or strong? I'm not seeing what you're seeing ...
M&W-Trading
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b2st replied Feb 10, 2012Why not go back several weeks or months on your favorite pair and mark out those M- or W-patterns to see if they are 50pips outside asian range. You will find your answers. In picture below, can you find any M- or W-pattern? Can you see any pivot ...
M&W-Trading
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b2st replied Feb 9, 2012Any real-time forex news service should give you the options expiry information one day ahead, and then alert via "Market Talk" when unusual orders appeared nearing the cut. Below are the numbers for Friday. image from previous day: image
M&W-Trading
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b2st replied Feb 9, 2012Let's compare the price actions for EUR/USD on Jan 31st with today Feb 9th and see if we can figure out what "market makers" are thinking. Let's see if such a "weak M" can be identified next time and taken as valid entry. Jan 31st, #1 & #2 - market ...
M&W-Trading
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b2st replied Feb 9, 2012They are the daily pivot "midpoints". Some teachers taught to use M2-->M4 or M3-->M1 for trading M&W, and we can reduce the number of horizontal lines by removing S3 S2 S1 R1 R2 R3 and just have M0 to M5. R3 = H+2*(PP-L) or = R2+H-L M5 = (R2+R3)/2 ...
M&W-Trading
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b2st replied Feb 9, 2012Good call on the M at 3:43amEST! Both EUR/USD and EUR/JPY broke above yesterday's highs, threw 2 pins at pivot M4 (stop hunts), then created the M-pattern 15mins you alerted us. The second leg of M came close but could not break higher at 4:00amEST. ...
M&W-Trading
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b2st replied Feb 9, 2012This is in response to a private message, sorry to all if slightly off-topic but hope the requester finds it useful. 1. comparing EUR/GBP, EUR/AUD, GBP/AUD, we see that GBP is weak vs EUR and AUD. image 2. comparing USD/JPY, CHF/JPY, USD/CHF, we ...
M&W-Trading
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b2st replied Feb 8, 2012would anyone take this GBP/JPY long? W-pattern 15mins as of 10:11amEST, at ADR Lo, round number 122.00, near Daily Pivot PP, rising 200ema.
M&W-Trading