Discussion in 'Systems and Methods' started by TheInnerpreneur, Aug 27, 2016.
So has anyone paid for his course and whats you feedback?
i used to trade with will,wmd and still speak today on skype ,he is a great guy funny honest and a good trader.if there is alot interest shown i will ask him to post on here .
its down to the raw no bullshit trading,and can be easy to learn in a few months
he trades s/r levels s/d with trendlines and watches patterns form he takes the monthly open ,weekly and daily into account ,no voodoo or marketmaker bullshit http://wmd4x.com/how-price-moves-i/
sounds good, so can i ask why you moved on from this methodology, do you think it has potential for teaching someone to be profitable?
if its a quite an open way to trade sounds very diff to the shopster stuff im starting to read about on here
these short vids explain what its all about
i still use it mate with a couple of other things to suit my own style of trading i use fundies and trade weak /against strong trending currencies thats the only difference
you can save yourself years,time and money
this is what i did http://wmd4x.com/legacy-plus-course-content/ but in a live room years ago ,not the one to one highly recommended
study the free stuff first and see ,no indies on the chart as they are all a waste of time imho
if your short of time and not a fulltime trader he has trade plans before the start of day for 10 quid a week ,not even a pip in costs
his channel on youtube https://www.youtube.com/user/wmd4x/videos
thank you for some straight talking, appreciate it
I had a look at WMD4x
Must admit that it is overall not something that I would subscribe to. It seems to have a focus on Trend Lines, which are a technique that I avoid. I Especially dislike 'the wall' as a method to ID bias.
Did however find the 'nose pattern' slightly interesting, as another way of looking at PA is always potentially useful. Otherwise the way he looks at horizontal SR and MS is all standard good stuff that has stood the test of time.
Did not expect to find anything new and was not disappointed . Certainly not worth the price of subscription, at least for anyone who has already studied PA.
Maybe I've become somewhat jaded, all these paid sites seem a different twist on the same material, all written many many years ago.
for someone new to the game its perfect ,no indies or bullshit and no need to go hoping from one thing to another like all new traders do ,and you can mold it to your own style be it scalping ,or position trading or swing .
whats wrong with trendlines lol
i disagree with your view on subscription its cheap ,and its like making a commitment were ever you found anything free worth while
as for having a look at it and not finding something new ,thats what im saying it stood the test of time
thats were traders mess up, there is nothing new if you believe that your fucked .
he trades live has a live myfxbook ,you point out any trader who does that ,you would find rocking horse shit first
ive heard all the bullshit it takes years to trade 5 years etc 10,000,hours screen etc
with the correct knowledge,mindset ,time and money you can do it at your own pace .
i made 120k profit in my first 6 months from june till dec when i went live fulltime
and im not the brightest tool in the shed by far ,i did have a brokering back ground and have worked around traders ,maybe that why i can smell the bullshit so easy and i know what works .
My point was mainly that I did not consider the price of subscription for myself as the material is ‘mostly’ techniques that have stood the test of time ie SR. Whether or not it is suitable for someone unfamiliar with PA would be dependent upon whether or not they are willing to entrust their trading (techniques) to one individual, myself not.
Now, I do have an issue with the use of Trendlines as a tool in TA. They are merely a manifestation of pareidolia , as is other rubbish such as Fibs, EW, Harmonics etc, which at least seem absent in WMD4x. The human brain has a primitive program to recognize patterns where non exist. There are numerous alternatives to fitting a TL, so in retrospect they often work well. The best way to make money from patterns, in which I include trendlines, is to sell the material as a mentor by exploiting the ignorance of the new trader. However, that said the other material looks fine, although the focus on TLs does make me wary.
Do you have a link to his myfxbook?
Forex factory discussion link
"..What i will be discussing are chart patterns that work each time, every time, with 100% deadly accuracy..."
hmm, hope that was supposed to be a joke!!!
Apparently neither does WMD4x
lol rod seek and you will find ,little task to keep you busy ,its on his twitter feed and up in his live trade room where live calls and trades are made
“The pen is mightier than the sword” was written by a pen making it biased.
Does not appear to be on his Twitter feed either, I'll take your word for it that it is in his 'paid' site.
Swords are cumbersome and bring too much attention, a knife is better, they never see it coming.
Challenge for anyone who can be bothered - 'Can anyone show or link the bona fide the Trading Performance WMD4x ??'
Those trendlines and trend wall(??) puts me off during that interview. I like the 'nose' though but anyone who use trend lines are pretending to understand price action. Last time I looked, price moves north-south direction and not east-west so I never understand the concept.
Maybe a practitioner of WMD can kindly educate me....
Is that you Michael?
The "Patron Saint of Trading"
Mate, I am only asking about this WMD and trying to work out if I am wasting my time with trendlines. I have no idea who or what 'Michael' is or does.
Sorry, my mistake. The Patron Saint of Traders is Saint Jude
Separate names with a comma.