magister

1,2,3 to the high, sell....what BS...especially when the market has good upward momentum.

 

Selling tops and bottoms, all very retail

doubt d@ytr@dingf0r£xLivE is using VSA or martin Cole...other than the 90 pip tool and some steve mauro level 3 stuff.

 

TradeGuider is probably what PAT is....Martin Cole goes fishing cause he just rents out PAT...semi-retired.

 

Then some say TradeGuider Repaints, anyhow forexticks is not accurate, in futures the algos spray the T&S with small orders.

 

the whole idea is to get into the mind of a marketmaker, unless big moves they are gonna gun for some obvious stops after

convincing everyone the move is up or down wiith a 50 pip move. They create the tape, the mm lob the tennis ball back and

forth to each other to create volatility, they are contracted to do so and gamma-hedged by options to move in ranges of 50,100,200

pip ranges on the majors. When those levels are broken the gamma-hedge has to be adjusted this is when things get interesting.

1 or 2 standard deviations and they can keep the orders in house at a bucket shop, after standard deviation of 2 then they have to

start offloading risk into the real market...again that is where it get interesting.

 

but with some really good news no one can control it, only slippage and spread-widening can save them from their dual-quotation

obligation. MArtin Cole is so beautifully aligned business model, he never has to stick his neck out and make a trade real time, its

all education, and software rental, great model...he is a business man not a trader, it is obvious.

 

Still I hope loads get onto these things as the market will evolve and it will only help trading momentum.

weird it shows up in quick reply, but when I go to advanced it says some moderator has to check it....

 

Anyway this was from last friday...you can see how cable had some downward momentum going, early US flow comes in

takes out the pre-europe open highs, luckily I had a fib of the april2 1.6063 high to april5th low of 1.5805 coming in at

1.5965, so I faded the hot flow, and then again and the retest of the broken but still valid downtrend line.

 

lets see if this makes it, this is London time

 

 

http://s14.postimage.org/sq564nb9d/20120413_GBPUSD_mm_10m.jpg

free picture hosting

why doesn't my post show up...I had a nice chart which shows marketmaker manipulation...what a time waster

April 13th 2012...

 

GBPUSD starts the European session with a good move down. I was short at 1.5940 with my momentum system, and had booked

+35 on half when the pair hit its S1 pivot at 1.5915, but it then bounced and consolidated in 5925-35. A Hedge Fund friend told

me thru twitter that an accumulation was occurring at 5950 would be retested, so I took out the 2nd half of my momentum trade

with modest profit. Indeed the move up to 1.5950 did occur and passed right thru it, taking out the Asian highs.

 

Luckily for me I still had my Fib of April 2nd high of 1.6062 to April 5th low of 1.5885 sitting at 1.5965, and I shorted the spike move

up there, and then added again at the retest of the former downtrend line at 1.5945. US session usually characteristed by strong

moves and the pair sold off hard. I wish I was able to hold my short all the way down to 1.5840 but I took some off at 1.5900 and

1.5880.

 

I have never take Steve Mauro's course but I see this type of stuff all the time, in fact I have studied stock market charts from the

30's and 40's and seen the same thing.

 

http://s15.postimage.org/sc9rhdivf/20120413_GBPUSD_mm_10m.jpg

image hosting adult

Seem the method is based on fading, and the market is rangebound a higher proportion of the time than it when it trends in a momo/breakout/flow.

 

The real expertise comes in deducing which of these 2 states the market is in at the time and taking the appropriate action. This is something

which comes from experience and the psychological aspect of being able to cut your losses and not average in, or giving the trade the time

to work. This is not something I feel you can pay for to acquire.

 

Still if a newbie spent 5k and found a system that works for them, then I guess they did better than me ultimately. I also spent about 5k as

a newbie and didn't find what I paid for to really be that helpful ultimately. Only time in the market and gaining knowledge of free systems

which I tried and modified into my own ultimately lead to success.

I added a few more comments to the last image, with some candlestick/price action analysis.

 

This can guide the trader were to take profit or whether to expect another test of the highs.

 

http://i.imgur.com/UQcKg.jpg

edit-double posted due to forum software

"Client must make a post with his MT4 account number on the company thread and send link to [email protected]"

 

what u mean you want us to post our account details on this thread?

 

hmm better clarify...I ain't doin that no how for a measley 100 USofA wealth points....you think just newbie traders chasing latest systems here @ indoinvest, loosing all their money...lol probably many can't keep to 1 EA more than a day before want to try another one....lol ;)

 

if I join your brokerage you better have your desk offload my risk pretty fast ;)