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Attachments: Price is everything
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Price is everything

I took the same trade with 99999 lots because it was 100.00% win for sure. easy money. the easiest.

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Come on man...
You my dear man are a fool!

Never anything constructive to say ANYWHERE
I need to finish something i started
Quoting bigwal
You my dear man are a fool! Never anything constructive to say ANYWHERE

If you and other deceivers stop acting like guru with all that misleading stuff then we can talk constructive about engulf till the next christmas.

After the fact charts for explain dynamics and techniques is good, but then I want to see it applied on live charts before the fact and discuss winning trades aswell as losing one and not the same old bullshit showoff.

This is how you discuss things properly and not like the other sneaky guru who claimed he can easily "read" the price and then one day you find he got like 50% losers or crappy RR.
Quoting jmatt35
{quote} If you and other deceivers stop acting like guru with all that misleading stuff then we can talk constructive about engulf till the next christmas. After the fact charts for explain dynamics and techniques is good, but then I want to see it applied on live charts before the fact and discuss winning trades aswell as losing one and not the same old bullshit showoff. This is how you discuss things properly and not like the other sneaky guru who claimed he can easily "read" the price and then one day you find he got like 50% losers or crappy...
Deceiver!!

What have you ever contributed? All i see is your bitter twisted view in your profile. Look me up and hundreds of charts on some other very well known forums, before the fact, during and after. Psychology thread that was hugely popular and hundreds of PM's. I have helped many people at different stages, many having the penny drop after lots of frustration. Been here for 8 years, contributed to other forums and here for the last 3 years.

I give because, i have been given. I will never "sell out" and create some complex course like so many others have. Why... because i am a trader and there is far too much money in trading than developing and baby sitting a course.

So i am bad for not posting before the fact, where every tom , dick and harry has taken this information from PIE thread, re packaged it and is ripping people off for thousands of pounds. When it is all here for FREE. RED would be sick to the stomach see people taking advantage by charging, i know he would!!

Still bad am i?

Most of my trading is done via mobile phone whilst i am around and about and getting on with enjoying life. Many times not possible to place before the fact trades. If people see a similar pattern play out hundreds of times on any TF , any pair it kind of sinks in. It is a visual thing , that is the way i have always helped and it has benefited many.

If you can not grasp the simple fact that the market is moved by set person or peoples and it is our job to see their intentions and then go with the money flow then you will never get it. I think you are a frustrated loser and can not except that it is eating away at you. frustrated that others can see it and you cant!! I am personally talking with a few people from this thread and they are doing rather quite well looking at the market in simple terms.

Last Friday's chart, woke up at 6am ish, opened platform on mobile, whilst bleary eyed and still in bed, see pullback after engulf...NAILED IT. caught all the drop from London open and half the rise from US open. Was going out got bored, Friday afternoon , close out all positions.

Want to challenge this??

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Do you think i want or need to spend 18hrs a day on trading or FF so i can spoon feed children like you?? There are good people here and you are not one of them

I do not need to justify anymore that i can trade, enough people know !!!

Ton of people have learned from the way i present things and i am not going to change. So need to handle various pairs and post before, during and after marked up charts so you can learn. DO ONE!!

Good people are learning just fine, people like you are a parasite to this forum.

I do not think we have even seen one chart from you or any kind of participation.

If i ever hear from you again i will block you

Warren
I need to finish something i started
Quoting jmatt35
{quote} If you and other deceivers stop acting like guru with all that misleading stuff then we can talk constructive about engulf till the next christmas. After the fact charts for explain dynamics and techniques is good, but then I want to see it applied on live charts before the fact and discuss winning trades aswell as losing one and not the same old bullshit showoff. This is how you discuss things properly and not like the other sneaky guru who claimed he can easily "read" the price and then one day you find he got like 50% losers or crappy...

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the usefulness of this post
Illegitimi non carborundum - Noli pati a scelestis opprimi.
Quoting bigwal
{quote} If people see a similar pattern play out hundreds of times on any TF , any pair it kind of sinks in. It is a visual thing , that is the way i have always helped and it has benefited many. (...) Ton of people have learned from the way i present things and i am not going to change. So need to handle various pairs and post before, during and after marked up charts so you can learn.
bigwal, your annotated plots have helped me significantly to notice some recurring patterns.
Just wanted to say thanks.

Cheers,
k
Quoting bigwal
Warren
Then you can continue your path as scientology guru and try to please yourself with your homies and dick riders telling them about your holy graal.
One thing is trading with an edge and other thing is the fake ≈100% win story which is the classic BS of the aspiring scammers and trading gurus ego maniacs.
I just asked partecipants a bit of honesty.
Quoting jmatt35
{quote} Then you can continue your path as scientology guru and try to please yourself with your homies and dick riders telling them about your holy graal. One thing is trading with an edge and other thing is the fake ≈100% win story which is the classic BS of the aspiring scammers and trading gurus ego maniacs. I just asked partecipants a bit of honesty.

There is no Scientology here. You really dont get it do you, engulf is clearing the intended way for the smart money. It does not engulf then turn and stop them all out, anyone can have a 50% -60% win ratio with 3:1 RR. does that make you a trader, well .. yes you can earn a living from it. But it means you do not UNDERSTAND the market and what is happening.

So what is your edge, some mathematical equation of a lagging indicator ? pretty pictures on a chart. Unless you try and understand what and why price is being driven, you will never be able to comprehend. To much time in FF going on just dressing up charts and not enough time understanding who is behind all this.

The engulf in its correct context does not fail, we fail to see the move. Is the pattern recognition between the ears failing us? If you cant see it then you cant trade it. Tiredness, distractions

The market does it thing and will continue to do so, only we think it is being unfair or we are being stop hunted. Dont place a stop in a stupid place.

I am not a trading Guru, just an average guy like most on here , that dug deep and worked hard for 8 years. Made it my business to find out "the why". I am not an aspiring scammer, you must have me confused with someone else. i posted on here to help with answers that i am seeing over and over again and have done for sometime now. This thread is full of charts regarding the engulf.

If you have your theory to share, like i said step up and show it on a chart. I am sure everyone is eager to see?

show me a valid reason against what i am saying and i will shut up.

Warren
I need to finish something i started
Quoting bigwal
Warren
Like I said before I'm talking about the attitude of some forum members rather than the value of the contents in this discussion. Redsword's stuff may probably be a good way to approach the market, but is not infallible. The Holy Graal does not exist, therefore it is better that people stop acting as if they have it and start discussing with the proper attitude.
Some forum gurus claimed gigantic profits giving little hints to involve people and then after a while charged thousend dollars fees for buying their secret knowledge. It pisses me off. Other people don't do it for money, but seeking for personal pleasure and they build fake characters pretending to be able to do certain things when it's not true.
I don't want to pollute this thread and waste time anymore, the message is clear.
Hope i don´t make a trend on this, cause that´s useless for the goal of this threath...
But i see too many people distrust and arguing about something given for free, with willingness
to help others.
You guys are wasting too many energy and testosterone just to find out if someone is real
or not, if is profitable or not. Instead you should receive what´s given for free, and work yourself
to find out if that makes sense or not, the only way to do this is, standing many hours in front
of charts applayng what´s being laid down, the charts don´t lie they will tell the truth.
Please show some humility and say thanks to someone that´s sharing some of is wisdow (free)
even if it´s a scammer, learn to defend yourself and don´t blame others for your failure, channel your
energy on what´s really important "you" ...
Quoting bigwal
{quote} Deceiver!! What have you ever contributed? All i see is your bitter twisted view in your profile. Look me up and hundreds of charts on some other very well known forums, before the fact, during and after. Psychology thread that was hugely popular and hundreds of PM's. I have helped many people at different stages, many having the penny drop after lots of frustration. Been here for 8 years, contributed to other forums and here for the last 3 years. I give because, i have been given. I will never "sell out" and create some complex course like...
Hello bigwal:

Thanks for posting your chart. And congrats on your excellent pa trades. But I am having a hard time finding your entry, exit points and so I don't see the “pullback after engulf. ” entry because you must be in a different time zone. Can you please mark on the chart the entry and exit points. What time zone are you in ?

Also what does swap mean on your table ?
May the Forex be with you.
Quoting bigwal
{quote} Deceiver!! What have you ever contributed? All i see is your bitter twisted view in your profile. Look me up and hundreds of charts on some other very well known forums, before the fact, during and after. Psychology thread that was hugely popular and hundreds of PM's. I have helped many people at different stages, many having the penny drop after lots of frustration. Been here for 8 years, contributed to other forums and here for the last 3 years. I give because, i have been given. I will never "sell out" and create some complex course like...

Hi Warren,

Have you closed any positions this week? The account history is only showing 3 trade ideas over 2 days (6 positions) which was from over a week ago. I assume you are trading every day.

I don't want to cause friction here, I'm not trying to offend but I will risk it for the sake of clarity and to help stop newer traders chasing a holy grail that might not exist. 2 years are taken up searching for the holy grail in the average learning cycle of a trader, a waste of 2 years I myself experienced.

Anyone with a level of influence in a public forum who is arguing that a sure thing is possible also holds a moral responsibility in my eyes, especially where leveraged monies are concerned. Ok we are all supposed to demo trade at first, but how many times have you seen a new trader come along, be told there is a 'sure way' or a high probability strategy, they start demoing and get lucky with the first 10 trades, think they have found the magic setup, get over excited and go into the live market only to over leverage and end up losing a whole heap of money. I've seen someone recently do this, lost a whole years salary because they were sold the pot of gold at the end of the rainbow. Reckless to risk a years salary? Of course. But we are dealing with humans here. So with this in mind it would be great if you could show a history of more than 3 closed trade ideas if you want to imply to members that there is a sure thing setup in these markets.. If you prove this true then fair play to you I will take my hat off to you and announce that you have what you say you have and that my reservations were wrong. Hand on heart I'd be happy seeing you right. A great success story. That's what aspiring traders want to see right? Of course you don't have to argue any of this, it's up to you. I'm just pointing out a moral responsibility.

I don't know if you saw the trading documentary recently on bbc? There was an ex city trader on there who now trades a hedge fund and has been in the business for 17 years. (BTW This guy trades pa with MA's and Bollinger bands, support and resistance and trend lines, no mention of any s/d; there are plenty of good edges in this market as well as s/d, you just choose what suits you.) He also has a website where he calls some of his trades live. He publishes audited results so there is no bs. He says the average profiting trader has a win rate of around 50 to 60% on 2:1 rr. His win rate is actually 50% with rr between 3:1 and 4:1. As I mentioned, this is a pro, managing a hedge fund (50 mil) with 17 years experience and track record of success. Now I know you have learnt the bulk of your strategy from RTM and with this in mind your strategy will be more or less the same as If's. Now if Ifmyante could be outperforming a hedgefund in terms of probability of setup, why would he be selling courses for 10k a pop? Why is there not 1 single equity curve shown on that website?

Getting back to your account history; I once back tested a particular s/d strategy that yielded around a 50% win ratio at 2:1 rr. It produced a common maximum winning/losing streak of 4 trades over a 100 trade sample size with the odd anomaly of 5. Now as the win rate of a strategy increases obviously the maximum winning streak will get higher and the losing streaks lower. So if you are hitting lets just say for example a 70% win rate with a strategy, then in your account history you should have data to show a significant winning streak; I don't know the math on this but I would guess at least a maximum streak of 6 winners would be common place. As I mentioned earlier you have shown 6 positions, but looking at the times of the trades its obvious that these 6 positions made up 3 trade ideas. 2 winners and 1 BE. This isn't enough to reflect high probability trading.

Another thing I want to add, I noticed you mentioned psychology. To me psychology and high probability trading don't go in the same pot. A valuable lesson taught to me by KennyZ; psychological hindrances in trading only occur when you are not confident in your strategy. If you have thoroughly back tested and/or forward tested a plan and it achieves profit and consistency, then the psychology that many traders talk about having is removed. You don't get phased by a losing streak because you know to expect this. So if you have a sure thing, there is no doubt, no worry, no psychology to battle with. And to quote an ex institutional trader. "Only pikers worry about psychology, either you have an edge and you exploit it, or you don't have one and you lose and chase every other excuse."

Hope you can appreciate that there is some valid points I've raised here and I'm open to these being invalidated.
Naughtypip,

You have not offended me and thank you for the questions you raise.

Hi Warren,

Have you closed any positions this week? The account history is only showing 3 trade ideas over 2 days (6 positions) which was from over a week ago. I assume you are trading every day. I open and close positions when the market shows its hand or the move is over. Yes i have closed positions this week same as every week. I do not trade every day, as i wanted trading to fit in with my lifestyle. Not be at a screen 24/5, trading has given me time and freedom of choice to pursue other things as well. The purpose of the trade history was to tie in with the chart above it.

I don't want to cause friction here, I'm not trying to offend but I will risk it for the sake of clarity and to help stop newer traders chasing a holy grail that might not exist. 2 years are taken up searching for the holy grail in the average learning cycle of a trader, a waste of 2 years I myself experienced. You are not causing friction, you have presented your case with an opinion that is popular to FF and many other subjects around the globe. That is because you may not understand something it can not be real. I must have some kind of hidden agenda or be on some ego trip. Of course things can seem far fetched if we have been conditioned to accept the main stream norm. I had the same journey as you, i wouldnt call it wasted because there are positives learned from every experience. I truly believe that if a newbie was handed the holy grail that could not trade it. There is a maturing process that comes with trading it is called the "4 stages of learning", infact anything worth learning has the same principle. When you look in the mirror, you will see your holy grail! As with other misconceptions mastering something starts from within. Not the end goal, it is more about the process.

For the record let me show you a great starting point, it is chart based, you will find all your technical answers there. But as always this is only part of the story and what goes on between your ears is far more important. http://www.forexfactory.com/showthread.php?t=230888


Anyone with a level of influence in a public forum who is arguing that a sure thing is possible also holds a moral responsibility in my eyes, especially where leveraged monies are concerned. Ok we are all supposed to demo trade at first, but how many times have you seen a new trader come along, be told there is a 'sure way' or a high probability strategy, they start demoing and get lucky with the first 10 trades, think they have found the magic setup, get over excited and go into the live market only to over leverage and end up losing a whole heap of money. I've seen someone recently do this, lost a whole years salary because they were sold the pot of gold at the end of the rainbow. Reckless to risk a years salary? Of course. But we are dealing with humans here. So with this in mind it would be great if you could show a history of more than 3 closed trade ideas if you want to imply to members that there is a sure thing setup in these markets.. If you prove this true then fair play to you I will take my hat off to you and announce that you have what you say you have and that my reservations were wrong. Hand on heart I'd be happy seeing you right. A great success story. That's what aspiring traders want to see right? Of course you don't have to argue any of this, it's up to you. I'm just pointing out a moral responsibility.

Lets get one thing straight. the responsibility lays with the individual themselves. If you want to see 18 months worth of proof here it is http://www.forexfactory.com/showthread.php?t=230888 . The day i ask for something off anyone, such as a 10k for a course or entry into managed account is the day that i would need to add assurances to the participants. Let me be honest about this one more time. I will never ask an individual or group for monies, never go commercial. I give , because i was given. All the talk of ENGULFING and where it fits in with S&D is right here, go away and learn it. I like to think i have just presented it differently, same thing , just in a different visual format. Aspiring traders want to see end results, the focus is always on MONEY , not the process. I dont care if few of you have trouble seeing what is here and has been since 2011 on this thread. For me to display my trading history will not help the average person succeed. I feel no obligation to do anything.

I don't know if you saw the trading documentary recently on bbc? There was an ex city trader on there who now trades a hedge fund and has been in the business for 17 years. (BTW This guy trades pa with MA's and Bollinger bands, support and resistance and trend lines, no mention of any s/d; there are plenty of good edges in this market as well as s/d, you just choose what suits you.) He also has a website where he calls some of his trades live. He publishes audited results so there is no bs. He says the average profiting trader has a win rate of around 50 to 60% on 2:1 rr. His win rate is actually 50% with rr between 3:1 and 4:1. As I mentioned, this is a pro, managing a hedge fund (50 mil) with 17 years experience and track record of success. Now I know you have learnt the bulk of your strategy from RTM and with this in mind your strategy will be more or less the same as If's. Now if Ifmyante could be outperforming a hedgefund in terms of probability of setup, why would he be selling courses for 10k a pop? Why is there not 1 single equity curve shown on that website?

​I think i may of seen this documentary. What is at work in the market is beyond your average hedge fund! That could well be true that the average trader is around 50% hit rate. It would ring true with a MA and bollinger band strategy, do you think this can not be bettered and is by a number of people?

RTM. I spent a year or so there, in the early day i was still touch trading S&D. Quite some time of mine was on the psychology thread. Which when learning trading is more important than charts. When you are at a point where you can trade the emphasis on that slowly subsides and ends up in you sub-conscious.

I wouldnt say the bulk of my learning was at RTM, saying that i did pick up some apples there. Frustrated as many with so much technical name calling and so forth, only to discover most if not all the information is old as the hills and just re worded. I have come full circle and back to where it all begun, thinking about things logically and digging myself. Watch the same thing playout day after day i feel very settled and my learning is over and the doing is just a process. Of course sometimes i do not see the pattern, but it is still there. It doesnt always look the same and different market speeds will show visually different.

Getting back to your account history; I once back tested a particular s/d strategy that yielded around a 50% win ratio at 2:1 rr. It produced a common maximum winning/losing streak of 4 trades over a 100 trade sample size with the odd anomaly of 5. Now as the win rate of a strategy increases obviously the maximum winning streak will get higher and the losing streaks lower. So if you are hitting lets just say for example a 70% win rate with a strategy, then in your account history you should have data to show a significant winning streak; I don't know the math on this but I would guess at least a maximum streak of 6 winners would be common place. As I mentioned earlier you have shown 6 positions, but looking at the times of the trades its obvious that these 6 positions made up 3 trade ideas. 2 winners and 1 BE. This isn't enough to reflect high probability trading. I have 4 live accounts with different brokers, the oldest is 7 years. As before the trade history ties in with the screen shot. It is possible to grow an account using sound money management very quickly and i do not mean by luck , but by the methods set out in this thread.

Another thing I want to add, I noticed you mentioned psychology. To me psychology and high probability trading don't go in the same pot. A valuable lesson taught to me by KennyZ; psychological hindrances in trading only occur when you are not confident in your strategy. If you have thoroughly back tested and/or forward tested a plan and it achieves profit and consistency, then the psychology that many traders talk about having is removed. You don't get phased by a losing streak because you know to expect this. So if you have a sure thing, there is no doubt, no worry, no psychology to battle with. And to quote an ex institutional trader. "Only pikers worry about psychology, either you have an edge and you exploit it, or you don't have one and you lose and chase every other excuse."

That is correct, when you are confident psychology is in hand. As with learning any new skill it is a learning curve and will need to be addressed until you are at a point where when you know what will happen next. By its very nature trading is dealing with money, fear and greed is magnified more so then any other profession. Trading is not something you can be taught , it has to be learned. You need to see it for yourself, this process can take any number of years. Everyone is different, not every personality would suit to trading.

Doesnt mean that the truth isnt out there, just you cant see it yet.

Hope you can appreciate that there is some valid points I've raised here and I'm open to these being invalidated.

You have some valid points, they are common place within the normal thinking. You need to think more out the box!
My stance does not need to change as it is of no real benefit to anyone viewing this thread.

I am out for most of the day now and really can not address the deluge of questions that may follow, but i will respond.

Regards

Warren
I need to finish something i started
Two really good posts in my humble book.

Quoting NaughtyPip
{quote} Hi Warren,
Hey Naughty, A great set of questions and points presented in a very fair way.
Quoting bigwal
Naughtypip, You have not offended me and thank you for the questions you raise.
Hi Warren, An equally great set of responses in my humble book.

I have only just begun to follow this thread (from the end not beginning yet ) But it's enough to interest me into looking back from page 1 on now. I especially like and identify with the psychology aspects of your reply. As well as the learning curve I honestly feel every "serious" trader WILL go though no matter what "system" may be presented or what facts may back them up as profitable or not.

I've spent since 2008 learning to trade and I've worked very hard at it. As most here know, for me it's a matter of future survival. Also for me, as an individual, the "technical aspects" of how do so are far easier to learn than the ever encroaching psychological factors associated with trading. Not that the technical part is "easy"
, just easier. It took a few years to even hear about and begin looking at "market structure and how it works". I'm still involved in learning that to this day. But I've seen enough to know it's a huge part of the overall equation. Perhaps, if I dare say, THE part that must be known.

Having run my own business from age 16 until late 2007, I have no fear of money or amounts. That is to say, the number of zeros are of no concern to me as the risk relates "properly" as a % of the account. As I have a tiny irreplaceable account, with some rather unrealistic needs from it, my biggest psychological hurdle is risking more (far more) than I should as a % of it. I'm dealing with that now but it's a tough one as it defies all common sense and rational. (Hard for a very logical mind to deal with) LOL

Anyway thanks to "almost" everyone here for the posts and content. As the dust in my personal life settles over the next few months, I intend to read this thread from the beginning. I don't know what I will find but I can say this, if as you say "it's all here", I WILL see it in time.

Thanks again.

Chris
Ghost Rider - WWTBMD?
Quoting bigwal
Naughtypip, You have not offended me and thank you for the questions you raise. Hi Warren, Have you closed any positions this week? The account history is only showing 3 trade ideas over 2 days (6 positions) which was from over a week ago. I assume you are trading every day. I open and close positions when the market shows its hand or the move is over. Yes i have closed positions this week same as every week. I do not trade every day, as i wanted trading to fit in with my lifestyle. Not be at a screen 24/5, trading has given me time and freedom...

Thanks for the reply Warren. Just to clarify I can trade profitably and understand how you trade (at least I think I do) I'm in the 50 - 60% hit rate @ 2:1 camp. Above that I cannot hit yet. I actually, trade in a similar way to you but I'm not always looking for the engulfing, not in the exact same context as you anyway.. The way you define engulfing is the engulf of the swing or the 'decision', I trade that but also trade without that depending on some other factors. Anyways I still don't believe there is a 'sure thing' in this market. The mechanics of liquidity simply won't allow it, it goes against the nature of the market unless anyone can prove otherwise.
I just wanted to say thank you to Bigwal (Warren) as well. I am currently making a collection of your posts to study.
"Price is everything"

Sorry I have to completely disagree.
Simon says die
Quoting NaughtyPip
{quote} Thanks for the reply Warren. Just to clarify I can trade profitably and understand how you trade (at least I think I do) I'm in the 50 - 60% hit rate @ 2:1 camp. Above that I cannot hit yet. I actually, trade in a similar way to you but I'm not always looking for the engulfing, not in the exact same context as you anyway.. The way you define engulfing is the engulf of the swing or the 'decision', I trade that but also trade without that depending on some other factors. Anyways I still don't believe there is a 'sure thing' in this market....
hy, can u give some examples of how you decide where the decision points are? i'm having a trouble finding them....
Quoting vladutz112
{quote} hy, can u give some examples of how you decide where the decision points are? i'm having a trouble finding them....

This was discussed recently over the last few pages. There's a thread called pie chat. You will find more discussion about it in there.
Quoting NaughtyPip
{quote} This was discussed recently over the last few pages. There's a thread called pie chat. You will find more discussion about it in there.
is this thread ? http://www.forexfactory.com/showthre...00889&page=211

last post is Dec 2, 2013
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