Originally Posted by Elma

Both M & W occur in same day which one is correct?

Now to the question and in favor of all others that do not understand that there are different
cycles in the market. Here enclosed a summary of the MM "Insider" method-

- The origin is from other post/Forum - cannot recall where is it from. It may be adjusted a
bit:

1. There are 3 levels (and 3 swipes/pushes), and M & W is to be expected at Level 3 (Peak
Formations High/Low).
2. Level 1 (market maker driven) and Level 2 (retail emotions driven) are where you would
expect Straightaway trades, not M & W. It explained in the three day cycle theory.
3. Therefore, during Level 1 consolidation and Level 2 consolidation, the up and down
actions might be misread as M & W. Hence look back at the Macro View on hourly chart to
determine where you are in the Week Cycle, and where you are in the levels. The 15mins
view is the micro view where you find entries. You should recognize the level counts on the
hourly chart and should not expect M & W everywhere in the 3 day cycle.
4. The students are taught that the pattern trumps everything, and if you don't get the level
counts or timing it is ok. Still, if you know to recognize the levels, less stopped trades occur.
5. The suggested order of learning for students retaking is:
1. candlestick patterns and stop hunt signs. (The basic move for 50 pips)
2. Strike zone and timing. (The move for the day)
3. Weekly cycle and level counts. (MMs trend, Daily & weekly cycle; Spot to Swing)
6. So most students on first time will only focus on patterns since that is easiest to
understand. On 2nd & 3rd retakes they will begin to appreciate the importance of timing.
On 4th and subsequent retakes they will finally absorb the level counts.
7. That's why past charts homework and frequent retakes are recommended.
Steve said just focus on the patterns and don't worry about the level counts, he is not wrong
but expecting that you will eventually "get it" on later retakes.
8. It is also important to realize that not all setups require presence of M and W, there are also
examples of 15mins entry setup like "Shark Fin Hold the Mayo" which DO NOT need M and
W, but relies on TDI (for shark fin or blood [Flat Wave]) railroad tracks or hammer, and
50ema .
9. On any setup you should consider pattern + timing+ levels .
What level are we in? Are we in Level1 rise/fall, Level2 straightaway, or Level3 M- or W-
pattern reversal? Where is the previous peak formation high or low? Are you trading towards
the peak formation? Are you trading in-line with the peak formation?

There are variances but - This is all about .

"There are 3 levels (and 3 swipes/pushes) in this method, and M & W is to be expected at Level3
(also called peak formations high/low). Level1 (market maker driven) and Level2 (retail emotions
driven) are where you would expect Straightaway trades, not M & W. This is explained in the three
day cycle theory also. Therefore, during Level1 consolidation and Level2 consolidation, the up and
down actions might be misread as M & W. Hence look back at the macro view on hourly chart to
determine where you are in the Week, and where you are in the levels. The 15mins view is the micro
view where you find entries. Of course there are students who also zoom down to 5mins. But what
I'm saying is to recognize the level counts on the hourly and not to expect M & W everywhere in the
3 day cycle. The students are taught that the pattern trumps everything, and if you don't get the
level counts or timing it is ok. Still, if you understand the levels it would save alot of stopped trades.

The suggested order of learning for students retaking is: 1. candlestick patterns and stop hunt signs.
2. strike zone and timing. 3. weekly cycle and level counts. So most students on the first time will
only focus on the patterns since that is easiest to understand. On second and third retakes they will
begin to appreciate the importance of timing. On 4th and subsequent retakes they will finally absorb
the level counts. That's why past charts homework and frequent retakes are recommended as it is
quite impossible to remember everything in one sitting. So if you hear Steve said just focus on the
patterns and don't worry about the level counts, he is not wrong but expecting that you will
eventually "get it" on later retakes. It is also important to realize that not all setups require presence
of M and W, there are also examples of 15mins entry setup like "Shark Fin Hold the Mayo" which DO
NOT need M and W, but relies on TDI (for shark fin), railroad tracks or hammer, and 50ema (Mayo)."

"See my earlier post about pattern/timing/levels. What level are we in? Are we in Level1 rise/fall,
Level2 straightaway, or Level3 M- or W-pattern reversal? Where is the previous peak formation high
or low? (hint: 1.4476) Are you trading towards the peak formation? (against MM's trend, bad) Are
you trading inline with the peak formation? (with MM's trend, good) That's why retakes are
important ...... not just listening to the same old **** over and over again as someone said earlier.
Not easy to grasp everything in one sitting (memory retention).

The safest trade in my opinion is to first ask: are we in Level3? If yes, then ask are we in the correct
strike zone and timing? If yes, then finally do we see M or W pattern with TDI divergence? This is
reverse order of the learning mode --> pattern/timing/levels. So if we are NOT in Level3, then go
back to the videos under the section "StraightAway Trades" or go back to the section under "Check
the Pairs" to find OTHER pairs that is in clear/obvious Level3 so as not to force trade on the
single/only pair you staring at. "

Fxr #5
Originally Posted by Sammy76
https://docs.google.com/spreadsheet/pub?
hl=en_US&hl=en_US&key=0AhGrYCX9_tfldFBjTnlNWnp
CZHpZbU1xTXlvOXhBQXc&output=html

anyway based on yesterday counts, got a wrong count on AUD/USD, got a nice move to the
USD/CAD...some you win, some you lose..
that's is why money management is so crucial: when you are right, add on it.. when you
wrong just leave your SL to be taken out...
easier said than done if you are watching every 15min candles..
that's why you need discipline most of anything else..it's not just about the system you use
Sammy76 you are absolutely right.

Everyone that been exposed to SM method, should understand alraedy that is a huge gap
between the theroy and how really is should be implied.

The counting levels, are significant if they are in ordinary fashion, so you can anticipate the
cycle and which phase Price action is in the cycle. If Not stick to the daily cycle, and
understand the intraday swings of the day. Let us look in yesterday, while waiting for setup in
my favorite crosses CHF & JPY to complete the move as I had anticipated.

I decide to go with one of the slow pairs, and really dive in to the intraday move. My choice
was GU.

First trade:
The trade start from inside the Asian Box- SM would not let you do that. The trade was based
on LOD, TDI & understanding the PA.

Second setup- I have trade it later for reason

This is a text book setup- London brinks trade- all indicators screaming - go short- but i did
that later as i been convinced that is the right time- approaching & before NY Session.

Third trade:
No chart. I did not mean to introduce it. The first two introduced live to friends.
NY Reversal- late bar when I had been sure that is the right time. I was sure so I get in double
position, you can see the statement & time.

All winners. that is all I have traded yesterday during reviewing other stuff. The Stopped
trade is tight Trailing after TP reject. Nothing really important , did not want to wait during
pullback.
All trades planned for 48 up to 60+ pips.
These simple trades one day & one pair ....double this account, with conservative MMgmt.
I cannot explain any consideration as all of them are most of all my personal preferences.
Patient is a key for successful trading.
Just follow Time & price and understand why I trade the way I do. I am not perfect, but this
is life on the right edge.

That is all for current week.