try find a person by the name "holy" and "grail"..u can google.. (jk)
- | Joined Apr 2008 | Status: I hate being an intern. FFFFFFF**CK | 514 Posts
Winners never quit and quitters never win. Vince Lombardi
What Holy Grail really means in Forex?(Need experienced traders comment) 27 replies
There is no Holy Grail 153 replies
Why the NCI indicator is the Holy Grail (LOL) 3 replies
Holy Grail? (Why most people think that this is a system?) 6 replies
DislikedThe rest, to me, is needless froth (yes, I am aware the term needless will be contested by many, including the aforementioned members).Ignored
DislikedYou have a far deeper understanding and intelligence about your business because without it you would probably fail, the stats say 50% of new businesses fail in the first year and 95% within 5 years, your knowledge about your business isn't froth, it's knowledge which gives you increased chance of success, and without it an increased probability of failure.Ignored
DislikedThe point i was trying to get across was it's so easy to get bogged down in the superfluous information (of which there is an awful lot) and lose the focus of what we're all trying to achieve and what it takes to achieve it.
I've never seen a shop which sells bread AND sex toys...mmm...maybe there's a market in there somewhere.Ignored
Disliked"Holy Grail" does exist and is the "edge" -the very personal and unique way the financial markets are understood- a trader develops with the experience when finally he/she manages to trade as a living.
This experience can only be devolop by a methodic approach -that could be built by one or more systems- throughout the analysis and synthesis derived of the information the method generates so it could be possible to compare, learn and improve.
That is my approach at least.Ignored
DislikedIn my opinion, there are many holy grails in trading. Its the definition of holy grail that is in question. In my opinion, if you can trade a system for over a year, and on average, it will produce 20% to 30% equity growth, I consider that a holy grail. If your definition of holy grail means it never loses a trade, or it doubles your account every week or even month, then you will search hard to find your holy grail. I have been trading full time for 4 years straight, and my holy grail has returned a average of 25% a month. I am very happy with...Ignored
DislikedYou've seen it over and over again: "there is no holy grail in trading".
As a newbie, it's hard to accept what other, more experienced traders, says. You just have to see for yourself. Nothing wrong in that. I know I had to travel that road
But what if we discuss this with a sort of semiscientific angle? Maybe that'll prevent some newbies from losing money. I will present a couple of alternatives. Please feel free to add, remove and comment.
One perfect system
Ok, what if a "perfect system" actually existed? What would happen?...Ignored
DislikedI for sure it exist but it is untold secret
If it been told here, it is no more secret and no more HolyGrail.
And secret normally is only be told to close one or few person who can keep the secret. Of course not in public forum like this.Ignored
DislikedBig players play a completely different game. Think about the volume they trade. You as a small player represent a figure that is like an ant to human. It is tiny.Therefore you are looking for a greater move to increase your share. The other guys dont need that. In terms of if everyone traded the same way all the time, then the holy grail wouldnt exist. In order for any form of trading to exist there needs to be a buyer and a seller. Once wins, one losses its zero sum in nature.
Therefore if there was a perfect system, it would be a failure based...Ignored
DislikedIt is untold because it cannot be told, not because it is a secret but because it's a 'feeling' and not a system.
Enough said.Ignored
DislikedMost traders only systematize until they get a consistent cash inflow and ignore or wing what's missing. I chase replication of my experience, since I ignore or mix up its interpretations in a trade, much less find a method that records them. A real HG'd cost millions to leverage untapped areas of trading.Ignored
DislikedThe point is, you don't have to be a Super man to trade,
you don't need any extraneous material,
you don't need to go looking for any extra ordinary edge,
It's all there laid out for you on the charts, and it's for ppl who fancy realistic opportunities,
Not denying the existence of money driven on a real 'HOLY GRAIL' but we on our teeny tiny accounts on the retail end of the picture need not deviate from what's out there and still makes good money....and which is OBVIOUS...DAMN OBVIOUS!
g.Ignored
DislikedFind a system that suits you. Make a plan, really make a plan. Include in the plan all your expectation for risk, profit and execution criteria. Then trade the plan.........
Zero number game, one wins, one losses.
RazorIgnored