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Quoting CrucialPoint
My Last Post

Unfortunately, this will be my last post.

There are more I would like to share about psychology and especially the technical charts. I was just getting started. I had another 1000 things/posts to say.

I wanted to introduce a newer concept on understanding the price/charts:
[list][*]Trading without the use of any historical data. [*]How to read any chart and know where the opportunity lies.[*][color=DarkRed]The...
CrucialPoint, i just want to ask you this question. Can you please reconsider your stand on this?

I started following this thread/journal in January and since then, my trading life has greatly improved. Every week-end, i look forward to your updates and really enjoyed reading your posts and findings/discoveries.

I am a man of few words but if there's anything i can do for you to change your mind about quitting, i can and will do it.

What happened to the rights one has as regards his/her opinion(s)? I know you don't really give a darn about those folks.

But please reconsider.....
Please reconsider your decision. I also was educated by your posts and would like for you to continue. Would you consider writing for those of us who learned from you and email us or post to a private blog?

Thanks for your past efforts.

John
Quoting hangit
Please reconsider your decision. I also was educated by your posts and would like for you to continue. Would you consider writing for those of us who learned from you and email us or post to a private blog?

Thanks for your past efforts.

John

yeah a private blog would be great
I think this thread isnīt done yet.
If you have a secret you should explain it.
Otherwise you should not even have mentioned it donīt you think?
Leaves me with a bitter taste.

Anyway, it was a nice thread as long as it lasted.
Unfortunately the end isnīt well done.

But farewell brother, you did a good job.
The idea of a private group could be the solution to that little problem. I mean who cares about what other idiots tell you?!?!

Seriously, please think about it!!

Bax80
Everyday 1K keeps the doctor away ;-)...
  • Post #86
  • Quote
  • Edited Jun 26, 2010 4:26am Jun 25, 2010 10:52pm | Edited Jun 26, 2010 4:26am
Quoting CrucialPoint
Through my extensive research, I have no doubt (even bet my life) come to the conclusion that a simple system which consists of two Moving Averages (nothing more) is highly profitable to a Professional trader.
Hi CrucialPoint,

Thanks for sharing.

Are you suggesting that a Moving Average crossing system can be highly profitable? I question about this and am very surprised if you come to this conclusion seriously after 7 full year of research.

It is very easy to build an EA for this kind of system, which is free of discipline/perception/emotional issues (95% of what you've tried to explain in this thread).

I think the edge of using of Moving Average does exit but weak, if you find it highly profitable, either it is short-term luck or you have added some other criteria to the moving average usage.

cheers,

kk007
Quoting kk007
Hi CrucialPoint,

Thanks for sharing.

Are you suggesting that a Moving Average crossing system can be highly profitable? I question about this and am very surprised if you come to this conclusion seriously after 7 full year of research.

It is very easy to build an EA for this kind of system, which is free of discipline/perception/emotional issues (95% of what you've tried to explain in this thread).

I think the edge of using of Moving Average does exit but weak, if you find it highly profitable, either it is short-term luck or you have added...

obviously this is not his big finding or as he call "the equation" trust me.
  • Post #88
  • Quote
  • Edited at 2:31pm Jun 27, 2010 2:00pm | Edited at 2:31pm
Quoting kk007
Hi CrucialPoint,

Thanks for sharing.

Are you suggesting that a Moving Average crossing system can be highly profitable? I question about this and am very surprised if you come to this conclusion seriously after 7 full year of research.

It is very easy to build an EA for this kind of system, which is free of discipline/perception/emotional issues (95% of what you've tried to explain in this thread).

I think the edge of using of Moving Average does exit but weak, if you find it highly profitable, either it is short-term luck or you have...
http://cdn.forexfactory.com/attachme...1&d=1276491549 (www.forexfactory.com/attachment.php?attachmentid=490358&d=1276491549)

Just two MA's. Looks pretty simple to me - Blue = uptrend, Pink = downtrend. Price breaks above/below the relevant Ma = entry or is that too simple? Yeah, yeah, they are not all immediate winners but you gotta' admit, it's pretty hard to go completely wrong when things are so simple, eh? If two thousand plus pips (on the straight downtrend without even taking add ons) since Nov 2009 to present is short term luck, well then, thanks Lady Luck .

P.S. Crucialpoint, it's sad to see you go, always enjoyed your take on things.
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Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • Post #89
  • Quote
  • Edited Jun 28, 2010 1:28am Jun 27, 2010 2:54pm | Edited Jun 28, 2010 1:28am
Quoting CrucialPoint
Words of Wisdom from the Masters

“Profits are made by capitalizing on up or down trends, by following them until they are reversed.”
~ Robert D. Edwards

“Profits are not limited because whenever a trend, once established, continues in a sustained fashion without giving any evidence of trend reversal.”
~ Richard Donchian

“The way to make money is to determine the trend and then follow it.”
~...
I consider this post to be one of CrucialPoints best little gems of wisdom. The following two charts are examples of the practical use of this wisdom. Look at the charts and tell me, could you have made money trading the little red arrows that are in keeping with the trend? And, those are only a few of the possible entry opportunities that occur during Impulse waves such as these. What's that I hear about keeping things simple? Only two MA's you say? "determine the trend and follow it" Hmmm ........ could it really be that simple??
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Stay calm, be brave, wait for the signs - Jasper Friendly Bear
If i remembrer he use the 1 min chart and a tick chart ,so i think you should try to take in to account the volatility .
“Aim for the highest.” Andrew Carnegie
  • Post #91
  • Quote
  • Edited at 3:42am Jun 28, 2010 3:39am | Edited at 3:42am
the screen i found in recycled bin with his setup

www.forexfactory.com/showthread.php?p=3639517#post3639517

i dont know what is the blue indic in the left screen but i think its a MTF moving average if someone know?
Quoting free84
the screen i found in recycled bin with his setup

www.forexfactory.com/showthread.php?p=3639517#post3639517

i dont know what is the blue indic in the left screen but i think its a MTF moving average if someone know?

I have a similar setup and use the same trading platform. I'll play around with a few indies to see if I can ID it. But, whatever it is, it is not necessary.
Quoting fxhermit
I consider this post to be one of CrucialPoints best little gems of wisdom. The following two charts are examples of the practical use of this wisdom. Look at the charts and tell me, could you have made money trading the little red arrows that are in keeping with the trend? And, those are only a few of the possible entry opportunities that occur during Impulse waves such as these. What's that I hear about keeping things simple? Only two MA's you say? "determine the trend and follow it" Hmmm ........ could it really be that simple??
So what were your MAs and arrows for your H4 and H1 examples?
But I fear the the things are not so easy with other currencies.

And Tenetch is right, Crucial named M1 and Tick as his favorite timeframes.
But who cares? He also said you can make money on every TF and have come to down to the smallest TFs for the perfect entry anyway.
Hi Candlestar,

I was just commenting on Crucialpoint's remarks about reducing the complex into practical simplicity. In the context of trading, whether it is the use of MA's or any other tools matters not as all have their strengths and weaknesses. What matters, at least I think so, is realizing that some of the simplest of approaches to trading are also the most consistently profitable. Many traders have a difficult time coming to terms with this concept. It seems that human logic (or lack of it) is such that we think complexity must be inately better than simplicity. With all of the miriads of trading approaches, methodologies, indicators, etc. so readily available and clamering for our attention, I can understand why that may be.

I also thought CrucialPoint"s commentary about the importance of trends and understanding trend dynamics to be spot on. Hence, I wanted to illustrate how combining a simple approach with trend dynamics does indeed have potential.

If you are interested in Moving average methodologies, well, just snoop around FF, you'll certainly find a bunch of them. You will probably find that each one has it's own "rules" associated with it. In short order, you run the risk of being "snowed under" with complexity. As far as I'm concerned, when it comes to moving averages, the simplicity is simply this:

create a "zone" using two moving averages, one of them being above or below the other determines the "immediate trend". From there on, price moving into and then out of the "zone" acts as a trade setup. Pretty straight forward.

Now, don't misinterpret simple to mean "simple minded" trading. On the contrary, knowledge, understanding, the use of your intellect and ultimately experience are still all part of the equation.

Keep on pipin
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
A brilliant thread full of very helpful insights and thoughts...some real gems in here. This guy has shared some very powerful messages following years of his own research....all credit to him for sharing what he did.

People shouldn't be trying to second guess his system...that's not what you should be trying to get out this thread, re-read the posts over again and it should really start to get you thinking. there are plenty of hints and tips regarding his own trading style and thoughts...it's up to you to go away and take the insights and develop them.
What if today was the first day of trading and trading never existed before today? What would your signals rely upon? Hypothetically speaking, what if the president banned all price history and is deleted in an instant? Does that mean you will never have the opportunity to trade because you can't figure out a signal to buy or sell?... because your signal/system to enter the market is reliant on historical data.
- CrucialPoint

It was my Eureka moment when i read those lines.
Quoting King Singh
What if today was the first day of trading and trading never existed before today? What would your signals rely upon? Hypothetically speaking, what if the president banned all price history and is deleted in an instant? Does that mean you will never have the opportunity to trade because you can't figure out a signal to buy or sell?... because your signal/system to enter the market is reliant on historical data.
- CrucialPoint

It was my Eureka moment when i read those lines.
And what did you understand ? Hedging ?
To CrucialPoint,

you wont quit trading if sum1 said he didnt like ur success. Or u wont quit living if sumbody orders u so.
You have been working for a noble cause. So why wud u quit, being dictated by ur adversary.

Remember,
Opposition always enflames the enthusiast, never converts him.

Take care..
Quoting King Singh
What if today was the first day of trading and trading never existed before today? What would your signals rely upon? Hypothetically speaking, what if the president banned all price history and is deleted in an instant? Does that mean you will never have the opportunity to trade because you can't figure out a signal to buy or sell?... because your signal/system to enter the market is reliant on historical data.
- CrucialPoint

It was my Eureka moment when i read those lines.
I don't know what exactly did you get out of that phrase... It is obvious from CP charts and posts that he trades with the trend and if no price history exists neither are trends, no? That statement of his is one big ambiguous phrase.

The thing that, for me, stands out the most out of CP posts is THE TREND.

All in all greats stuff, I bookmarked the thread since it started, but please people don't create an aura of holy grail around it.
Trading = a mirror to your human flaws. Fix them or be fixed.
i think he would say play what you see no what you expect(because on SR or fibo ....etc) nothing is reliable exept price
probleme is to learn reading price with noise
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