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Need a kind soul to add sound/email alert to indicator 4 replies

save my soul 5 replies

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Soul's Thread

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  • First Post: Dec 21, 2020 10:29am Dec 21, 2020 10:29am
Hiya, been trading 18 years, was on here in 2004 16 years ago.

Just something to do - ask anything you like from a veteran
Everybody wants a system - and it's the one thing you don't need
fair enough, you all know everything
Everybody wants a system - and it's the one thing you don't need
Hi Soultrader,

Can you scalp the 1 minute chart?

Regards,

Swnlobo
I might be mistaken, but were you the one that lead a group of traders many years ago trading a particular strategy that did very well for months until it stopped delivering and you guys decided to pack it up? Did you indeed stop trading the strategy or continued with it? And what have you leant since then as good tips for success in this wild wild west of forex trading?
  • Post #5
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  • Edited at 6:41pm Dec 21, 2020 6:30pm | Edited at 6:41pm
Quoting Swnlobo
Hi Soultrader, Can you scalp the 1 minute chart? Regards, Swnlobo
yes you can, but the timeframe is immaterial, a ten minute chart io just a 1 minute chart slowed down. i'm often on a 2 minute chart, often on a 5 also. but it depends how you trade it. horses for courses - there are a million ways to make (and lose) money in FX
Everybody wants a system - and it's the one thing you don't need
Quoting danjuma
I might be mistaken, but were you the one that lead a group of traders many years ago trading a particular strategy that did very well for months until it stopped delivering and you guys decided to pack it up? Did you indeed stop trading the strategy or continued with it? And what have you leant since then as good tips for success in this wild wild west of forex trading?
I was indeed part of a group trading what we called simply 'grail' it worked for three years before we traded it and another 12 months when we were trading it. in one year it gave us over 1000%.

But then it crashed and died. I wrote a book about it in the pen name of James Windsor.

No-one from the team trades grail anymore but I still trade, my right hand man on grail passed away, my mate in the usa now heads up cybersecuruty, the software guy makes tons and was sued by a broker for taking millions off them with a bot. one of the team bought a landscaping business which he's just about to sell and retire from and he is still looking for the grail replacement bot even after all these years

I have played for the last few years - after grail i ran a radio station, got voice cancer, wrote 22 books on amazon, started a t-shirt business and sold over $4million of shirts and got cancer again - more serious bowel that time around.

I'm now semi retired still with a passive shirt website and my trading to keep me interested. I trade most days but totally manually now. my hit rate is around the 85% mark and i make around 20% - 50% a month . More than FX I am into gold and silver - just waiting for the death of the dollar and i'll be done
Everybody wants a system - and it's the one thing you don't need
Interesting story, soultrader!

Was the "grail" a manual or an automated system? Can you describe it briefly? And why did it crash?

Does the fact that you're trading "totally manually now" imply that you believe algo trading does not work?

Season's greetings to you and yours, btw...
Take risks: if you win, you will be happy; if you lose, you will be wise!
Nice Thread

Very interesting story behind it as well with all the other businesses you and your friends made

My question is this as it seems by using a bot you liked technical analysis

With all the experience you have gathered over the years what would be your best combination of indicators to trade TA ?
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: 62.5%
Quoting soultrader
fair enough, you all know everything
Please provide us a road map... the path to right knowledge which would lead the dedicated traders to trading excellence.

Thank you.
What system do you use for your 85% success rate? Do you use any indicators? Can it be done on the 1 minute or 2 minute? Can it be replicated on other pairs?

Thanks

Swnlobo
it all sounds interesting
Quoting doji
Interesting story, soultrader! Was the "grail" a manual or an automated system? Can you describe it briefly? And why did it crash? Does the fact that you're trading "totally manually now" imply that you believe algo trading does not work? Season's greetings to you and yours, btw...
sorry, i dont seem to get notifications when someone posts on here grrr

best start answering a few.

grail started off manual and ended up automated. it was basically a london open strategy and the full strategy and how we got there is in the book I wrote. too much to go into here without re-writing the book lol.

I'm not really here to answer questions about grai which failed in the end and cost me and the team a lot of money and heartache. when you have somethng like that and it dies it really is a kind of grieving process.

I'm sure there are fully auto bots out there which make money - but I havent found one that lasts years without blowing up or sinking down. that's not to say there arent any but i think in retail there are very few. That doesnt mean that bots arent useful, i have quite a few that can be used for management of a trade or taking an entry that the trader decides to take - but I dont want to rely on a bot to make my decicions when my brain can do so much better.
Everybody wants a system - and it's the one thing you don't need
Quoting Wags
Nice Thread Very interesting story behind it as well with all the other businesses you and your friends made My question is this as it seems by using a bot you liked technical analysis With all the experience you have gathered over the years what would be your best combination of indicators to trade TA ?
Hi Wags, nice name lol

I did like ta but grail was more mathematics than TA

In answer to your question about indicators my answer is none. grail didnt use any indicators at all and today I have nothing on my screen apart from two moving averages. so in answer to which are the best combination of indicators it would be your eyes and your brain.

not sure if that helps though
Everybody wants a system - and it's the one thing you don't need
Quoting soultrader
{quote} sorry, i dont seem to get notifications when someone posts on here grrr
Check your settings and ensure you have ticked the options to be notified of new replies

Quote
I'm not really here to answer questions about grai which failed in the end and cost me and the team a lot of money and heartache. when you have somethng like that and it dies it really is a kind of grieving process.

Exactly and agree with you completely! Talk about how you currently trade successfully. Thanks
Quoting vinforex7
{quote} Please provide us a road map... the path to right knowledge which would lead the dedicated traders to trading excellence. Thank you.
1) Truly Accept that you cannot predict the market
2) Truly Accept that the past cannot predict the future
3) Truly Accept that there is actually no skill at all to trading and it's not your fault if you are wrong
4) Truly Accept that the market is totally random
5) Finally ask yourself the question "how can i make money from totally random movements of the market"

The one true thing about the market is that trends exist even in random movements
Everybody wants a system - and it's the one thing you don't need
Quoting Swnlobo
What system do you use for your 85% success rate? Do you use any indicators? Can it be done on the 1 minute or 2 minute? Can it be replicated on other pairs? Thanks Swnlobo
That's what i expected you all to ask, a bit sooner to be honest.

I dont have a 'system' as such, it's more a set of core principals that guides my trading.

most traders look for a way to find an entry that is optimum and then find some sort of signal to get them out. they use say a moving average cross, or a macd rising below zero or a cci sat there with a batmans head on - (can you tell i've done all these before? ) That's not the way to trade successfully. it's all bollocks.

If you are all searching for a system or using a system that constantly lets you down then you will have more of the same results that you have now.

all this complicated bollocks and failed trades leads you to believe that either you are a failed trader or you arent trying hard enough. you must be really bad to keep losing money. This is what the banks and brokers want you to think - they pay money to so called 'educators' to teach you even more ways of looking at a myriad of lines on a chart and use fibonacci or a squeeze indicator to show you where the great trades are. of course they never show you a track record and if they do it's a week or so at a time, which anyone can do right? they want you to keep trading.

Some people trade for years and get to break even- they think 'i'm on the cusp' and think that they will soon be profitable - they wont. These are the clients that the brokers love. they churn over money and although they arent losing they arent winning either. they provide liquidity to the markets, they provide the swap fees that the banks and brokers live on. they pay the commissions that they want - and the most important thing is that they don't blow up and they keep on doing it month after month year after year. yes they love you! wining or losing it makes little difference. Thing is though, new customers cost money to find - the longer you are break even the better for them. any way they can use to keep you in the game means less outlay for them to being in that liquidity. you are a cash cow.

To be successful in trading start thinking of the BIG truths of the market. mine are this:

1) Trends exist
2) 95% of the time the long term trend is not broken for a long time
3) The market does not turn on a dime
4) Stops were invented to take your liquidity


That's as far as i'm going to go right now - discuss....
Everybody wants a system - and it's the one thing you don't need
Quoting soultrader
{quote} Hi Wags, nice name lol I did like ta but grail was more mathematics than TA In answer to your question about indicators my answer is none. grail didnt use any indicators at all and today I have nothing on my screen apart from two moving averages. so in answer to which are the best combination of indicators it would be your eyes and your brain. not sure if that helps though
I had a feeling that the reply was going to be a bit like that lol

do you mind me asking your MA periods and timeframe you use
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: 62.5%
18 years of trading and still same fairy tale about manual trading. Very strange that there is opposite info about stops. Average "truth" about trading look like this: always use stops, trend is your friend, only manual trading, only higher tfs. 2 out of 4 here.
greed and fear
Quoting Wags
{quote} I had a feeling that the reply was going to be a bit like that lol do you mind me asking your MA periods and timeframe you use
i use a 34 wma and a 200 wma - doesn't really matter but the 34 is something ive used for years.
timeframes i use are daily 4hr 1hr 5minute and 2minute
Everybody wants a system - and it's the one thing you don't need
Quoting ryuryu
18 years of trading and still same fairy tale about manual trading. Very strange that there is opposite info about stops. Average "truth" about trading look like this: always use stops, trend is your friend, only manual trading, only higher tfs. 2 out of 4 here.
sounds like someone is sore to me,

I never use stops i always follow the trend, i trade manually because autotrading cannot adapt and i enter and exit on a 5 min or 2 min chart.

still think you know me?
Everybody wants a system - and it's the one thing you don't need
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