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M W trading - Dragon pattern


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I agree wholeheartedly. This "person" has started an unnecessary craze on a M and W pattern that is known by various names in techinical analysis books. It's just like saying I have a "special" system trading doji's and hammers ..... and then got everyone starting threads to discuss doji's and hammers. Come on, why give up your own methods to chase this craze.

 

Are you the NeoRio who has the Youtube vid on W & M?

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Hmm.. Time of the day again...

 

http://i53.tinypic.com/r935vp.jpg

 

Just short this pair EU for 20pips because of M. Might looking for target 1.3535 or 1.3519. Hee hee..

 

Think might be going for reversal if this MML Dashboard is right. Now EU is at 0/8 of the line. Possible reversal at 0/8, -1/8, -2/8

http://i56.tinypic.com/x5a8t1.jpg

 

Good Luck to me.

 

Smile

Chankl78

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pips

 

My intention is not to promote "a person" or his method. I just want to alert people that you can find basics staff about M W on the net for free.

 

And I was very angry becasue all threads about trading M and W patterns in " his way" was closed down on this and others forums I guess with his help. It almost looks like he invented thesse two letters.

 

OK he could have his method he could sell it he could make alot of money ( i wish him and his students a lot of pips) but why we can talk about these method on forums? here you could find videos of others methods only his forum about his method was switched off.

 

These pattern is very good in trading with a combination with others methods you cold make some money. It is good becasue it is made made from price action and only price action is real time "indicator" in FX it is not lagging indicator, after that there is a game of numbers : probabiltiy , money managanet... to succes in long time in FX. It is not a magic method!

 

If you add other basics patterns and S&R levels you are much closer to succes. I hope these thread could be about dragon (or if you wish M, W pattern) I dont want to talk if 5000 USD is too much for somebodys seminar (maybe it is maybe it is not - for me 5000 USD is too much because these is almost half a year average salary in my country, but for somebody else this is pocket money, and maybe for somebody this is golden mine pattern (method) for somebody else it is garbage - we are all diferent)

 

I wish you a lot of pips!

Edited by ataata
speling
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http://img832.imageshack.us/img832/9493/dragonpattern2.gif

 

guys try this : ;)

- when the pattern formed by points 1,2,3 and 4. like in picture. draw fibo retracement from points 1 to points 2.

- the patern is valid if the position of points 3 between 38%-50% fibo,

when the second leg (point) formed draw the trend line from point 1 to point 3

Buy => price open above trend line

Sell = > price open bellow trend line

cheers.....;)

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hi chankl78, just a few questions please if you dont mind:

1:what platform and broker you are using

2:time you are trading this method

3:the best time frame

4:is it a live account?

thanks

 

I am still at testing phase. So I cannot guarantee anything. If u still want to know, I can post this method.

 

But, What I use is

1) ATR Dashboard

2) MML Dashboard (Both indicator are from the Bandung of FF)

3) M & W pattern or any other candlesticks pattern.

 

It is live but very small account. Using oanda to test this system.

 

Smile

Chankl78

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http://img832.imageshack.us/img832/9493/dragonpattern2.gif

 

guys try this : ;)

- when the pattern formed by points 1,2,3 and 4. like in picture. draw fibo retracement from points 1 to points 2.

- the patern is valid if the position of points 3 between 38%-50% fibo,

when the second leg (point) formed draw the trend line from point 1 to point 3

Buy => price open above trend line

Sell = > price open bellow trend line

cheers.....;)

 

Thanks for the system. Long time have not heard from you. How things?

 

Smile

Chankl78

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Hi Musketeer,

 

Chp 27 was the only chapter which was relevant to market manipulation and how to identify the stop hunt pattern, which is what this thread is about.

 

I will post the entire book in the ebook section for anyone who would like to have a look at it.

 

Thks

 

Herman

 

Hi Hermanhess, the book is very interesting. Can post in ebook section?

Thanks!!

 

Smile

Chankl78

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http://i52.tinypic.com/2q0o6yv.jpg

 

Have short this.

1) Based on ATR, still have room to go down.

2) MML is 7/8 coming down more.

3) Best of all, there is a M to confirmed.

 

http://i51.tinypic.com/wa61e1.jpg

 

This one, I jump queue without waiting for W.

 

http://i55.tinypic.com/mt2yz4.jpg

 

Hmm...

My other trades still there incase you ask.

Wa ha ha..

 

http://i53.tinypic.com/2wg9c8i.jpg

 

All my 3 trades are in profits at this moment. EG is still struggling.. Maybe, I will close it soon.

 

Only when I closed it or hit my TP, then consider profits.. Wahahaha

Smile

Chankl78

Edited by chankl78
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