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Simple trading but profitable

  • #161
  • May 17, 2018 7:37pm May 17, 2018 7:37pm
Quoting zghnno
Even if you "pick" the perfect outier/line, no guarantee that the price will "move" away from the line, nor that the price will not "bounce" before you blow out. Even with 1% risk, you the price might bounce 50 times and you are clean
even if price bounces up AND down 50 times, your account will still be there with 1% risk of EQUITY.
if you let those 50 bounces happen, you deserve to lose your account anyway.
this line system is excellent, but only for an experienced trader.
  • #162
  • May 17, 2018 9:06pm May 17, 2018 9:06pm
Quoting yonnie
{quote} even if price bounces up AND down 50 times, your account will still be there with 1% risk of EQUITY. if you let those 50 bounces happen, you deserve to lose your account anyway. this line system is excellent, but only for an experienced trader.
Be sure you pick a money management that you let trade with this entry method. This is the key. The method is very fine, but it seems people are fast to destroy this here only because they want trade every method with the same money management. A big mistake! I am tired to bring this point over and over again. People must do the work themself.
Perfection is the enemy of good enough!
  • #163
  • May 18, 2018 2:30am May 18, 2018 2:30am
The thread starter should keep his trade explorer on the thread...it was interesting to watch the trades. Don't give up so easily because people ask questions...that's what happens when you start a thread on here.
  • #164
  • Edited 6:20am May 18, 2018 5:34am | Edited 6:20am
Quoting zghnno
Even if you "pick" the perfect outier/line, no guarantee that the price will "move" away from the line, nor that the price will not "bounce" before you blow out. Even with 1% risk, you the price might bounce 50 times and you are clean
even the highest probability can fail.
I do not know if I can find any system that has no losses!
even looking for the rest of my life.
  • #165
  • May 18, 2018 6:10am May 18, 2018 6:10am
Quoting Forexmeoff
The thread starter should keep his trade explorer on the thread...it was interesting to watch the trades. Don't give up so easily because people ask questions...that's what happens when you start a thread on here.
He must keep nothing. All is said, nothing more can be add. What will you with his trade explorer? What will tell you? Go and test this with your money management, with your balance lines. Go deeper in his posts, you will find the perl.
Perfection is the enemy of good enough!
  • #166
  • May 18, 2018 7:53am May 18, 2018 7:53am
Dear Liunliun!
Thank you for the thread!
Here are similarities with trading method what is described by CindyXXXX
in the thread https://www.forexfactory.com/showthread.php?t=666409.

SP
  • #167
  • May 18, 2018 10:50am May 18, 2018 10:50am
Quoting SuperPip
Dear Liunliun! Thank you for the thread! Here are similarities with trading method what is described by CindyXXXX in the thread https://www.forexfactory.com/showthread.php?t=666409. SP
Good lesson for MM.
  • #168
  • May 22, 2018 11:02pm May 22, 2018 11:02pm
Quoting MichaelSch
{quote} He must keep nothing. All is said, nothing more can be add. What will you with his trade explorer? What will tell you? Go and test this with your money management, with your balance lines. Go deeper in his posts, you will find the perl.
Hi MichaelSch. With all due respect to you and the LuinLuin, I was not expressing any doubt in the method. I was simply seeking clarification on the application of what he shared. To see this in practice, I went to the TE that he shared with the participants. Of course, my expectation was to study the application of the instructions and to see the results. However, what I saw in the TE were trades that did not align with the instructions as I understood them. So maybe my understanding was wrong, that is certainly possible, but it seemed quite simple. So I was just asking for his definition of Support/Resistance and how he manages the Stop Loss (since the losses were to be minimal per his posts). I was not discrediting the method. I was simply asking for clarification on the application since I couldn't see the application in his own trade record.

To be honest, I find it fascinating that those who are teaching their methods with the rest of the world do so but are unwilling to share their trading results...Not that they owe anyone anything...but why not show the proof of the method applied to the real market? Even if it is on a demo account that is monitored with a TE or myfxbook.com. It takes minimal effort to set it up...then the results speak for themselves.

There are many on FF who don't want to be spoon-fed and who are more than willing to work hard and long to be successful. They just want to be taught by teachers/coaches who "lead and teach by example." Posting a selective chart after the fact is beneficial, but letting others see the application of the principles over time and repeatedly applied is where the real value is.

Since you are so confident in the method and appear to have a clear understanding of its application, then would you consider taking up where LuinLuin left off? Would you consider setting up a TE or myfxbook.com and posting your trades? If you use FXBlue's personal trade copier, you can duplicate the trades automatically to the demo account and size them automatically to match the size of the demo account. This way, your "real" account balances are never disclosed. Let us be your students to analyze your trades and ask questions about why you selected a certain level to place your lines. There are many who would be willing students who will take what is taught, and practice on their own demo accounts and on FXBlue's trade simulator to hone their skills.

Is that something you are willing to do? Thanks in advance for considering.
  • #169
  • May 23, 2018 7:56am May 23, 2018 7:56am
Quoting Hambone
{quote} Hi MichaelSch. With all due respect to you and the LuinLuin, I was not expressing any doubt in the method. I was simply seeking clarification on the application of what he shared. To see this in practice, I went to the TE that he shared with the participants. Of course, my expectation was to study the application of the instructions and to see the results. However, what I saw in the TE were trades that did not align with the instructions as I understood them. So maybe my understanding was wrong, that is certainly possible, but it seemed...
I read this over and over again. Why you not make yourself the test? Is it that hard to trade from a line? My money management must not be yours and so a result i show will not your result. You get it? Why people want to watch myfxbook or TE? Hm? Ohh.. what a great statistic! Yes this must be good i jump on the train. Sad. This si not a so good curve and it must be a terrible method. What do you think. Is this naiv? We all must do OUR homework and we get no shortcut.

LiunLiun has share a perl if you get that he said. It is to you to read it over and over again if you have trouble. What can i share? I trade a line!
Perfection is the enemy of good enough!
  • #170
  • Jun 16, 2018 3:36am Jun 16, 2018 3:36am
Quoting MichaelSch
{quote} I read this over and over again. Why you not make yourself the test? Is it that hard to trade from a line? My money management must not be yours and so a result i show will not your result. You get it? Why people want to watch myfxbook or TE? Hm? Ohh.. what a great statistic! Yes this must be good i jump on the train. Sad. This si not a so good curve and it must be a terrible method. What do you think. Is this naiv? We all must do OUR homework and we get no shortcut. LiunLiun has share a perl if you get that he said. It is to you to read...
In theory it looks fantasitc.. but when I try it in real life trading, the story changes. I tried a few times... but seems like, the trade come and hit back on the line a few times... by the time, the edge is gone. Spread + tiny pips on loss makes it hard to profit. May be Im just too dumb to get the idea clearly? Can anyone show a few sample trades? Would be helpful for many here...!
Thanks.
  • #171
  • Edited 6:39am Jun 16, 2018 6:28am | Edited 6:39am
Quoting vinforex7
{quote} In theory it looks fantasitc.. but when I try it in real life trading, the story changes. I tried a few times... but seems like, the trade come and hit back on the line a few times... by the time, the edge is gone. Spread + tiny pips on loss makes it hard to profit. May be Im just too dumb to get the idea clearly? Can anyone show a few sample trades? Would be helpful for many here...! Thanks.
This is the best thread here. All other methods to try to catch a train that is away from station. Make this. Simple close eyes and drop a line on d1 blindly. You will ever see that after short or long price went away from it. 100% price go from the line. The rest is your money management and how you handle risk. Think also about the thickness of this line. In D1 a line is something really small, if you go deeper in timeframe you have more space the line take, but this space in small timeframe is a thin line in D1. You got it?
For me it is no better look at market as here shared by liunliun. Go for example to davit thread: pivot trading and you will see how the members are hunting for setups by following price movements and leaving point after point. See how heavy DD in this thread are post by members. Is this for sure a thing to reach? 20% DD and more?

It is something different if you have a line 5 Pips or 20 Pips. All about what you want to trade. But for all situations it is the same that you better keep trading with a money management that suits your entry model.

Edit: If you are in a trade and you see it on D1, you can have huge CRV. What you think? Is it for price heavy to cross a line of 5 pips and what is making the price with say 15 - 20 Pips thickness of the line? Can you see it? I can give you no answer here, because this is something that must done by you, with your risk and what you want achieve with your account. Money management is the true work that must be done in forex. learning this entry model is nearly zero, but creating a mone management for this model is the 99,999999% of the work here. Sorry, why people get this point not?
Perfection is the enemy of good enough!
  • #172
  • Jun 16, 2018 3:00pm Jun 16, 2018 3:00pm
I only want to say one thing here in this threat: it's a shame for all people here, who come and ask stupid questions again and again and who even done try to get it. Instead to open there brain and be OPEN MINDED they try to blame the threat starter. This shows that this people do not deserve the knowledge and work you provide here, Liun.

Thank you very very much sir. I'm sorry that so much people aren't as thankful as they should be. Thank you for wise words here and all the effort you showed in this threat.
  • #173
  • Jun 17, 2018 1:27pm Jun 17, 2018 1:27pm
Quoting kleybenny
I only want to say one thing here in this threat: it's a shame for all people here, who come and ask stupid questions again and again and who even done try to get it. Instead to open there brain and be OPEN MINDED they try to blame the threat starter. This shows that this people do not deserve the knowledge and work you provide here, Liun. Thank you very very much sir. I'm sorry that so much people aren't as thankful as they should be. Thank you for wise words here and all the effort you showed in this threat.
You are right. FF.com is no place for people who want think behind all known. They are happy with all the garbage around, charts filled up like a star trek console and trading on the account limit with a terrible money management. Sometimes seems they do not care about the own risk. Only the growth in short time is on the focus. Nothing that can be the core for a longterm trading business. Do not care about, do not care about other entry models. This here is nothing that can reach in its brilliance by the other methods. None of the "stars" out in the other threads would ever say something positive here, because they must admit that the own method is something that can not get the market so clear. This here is the only perl and never can be something else anymore!
Perfection is the enemy of good enough!
  • #174
  • Jun 17, 2018 1:37pm Jun 17, 2018 1:37pm
Hi,

I am new here and I have a question. What do you do if you draw a line, take a trade and price continuously oscillates around that line, taking your stops again and again? Or the magic resides in where you draw the line?

Thanks and Regards
  • #175
  • Jun 17, 2018 1:48pm Jun 17, 2018 1:48pm
Quoting Swnlobo
Hi, I am new here and I have a question. What do you do if you draw a line, take a trade and price continuously oscillates around that line, taking your stops again and again? Or the magic resides in where you draw the line? Thanks and Regards
I have a question for you. How much you want invest for a cross? What is the position you take? 1%,2% or 5%?
I have my money management, but this thread is only about the entry model. Liunliun shared only the function, nothing more. Great, he does not say something about it, to keep it open as it is. Trading is in the first line to create a money management for the entry model we use.
I have done this for me and now it is to you, make this work for your needs. We do not know what you want to achieve with your account. You get this point?
Please read all what liunliun wrote again and again and someday you get the essence of his great posts. Sorry, but it seems you do not get it at this point.

Edit: Your wrote this one: "Or the magic resides in where you draw the line?"
This is for me the hint, you better read again, because you got not what he shared. Sorry, but nothing other i see here.
Perfection is the enemy of good enough!
  • #176
  • Jun 17, 2018 3:07pm Jun 17, 2018 3:07pm
Quoting liunliun
because its too simple ,that ppl don't believe that can make green pips. but in fact, every method can give you profitable ,that you just need to do is that make sure your tp:sl>=2:1
LiunLiun said in his own word, that people do have trouble to get this perl!
Perfection is the enemy of good enough!
  • #177
  • Jun 17, 2018 3:18pm Jun 17, 2018 3:18pm
Quoting MichaelSch
{quote} I have a question for you. How much you want invest for a cross? What is the position you take? 1%,2% or 5%? I have my money management, but this thread is only about the entry model. Liunliun shared only the function, nothing more. Great, he does not say something about it, to keep it open as it is. Trading is in the first line to create a money management for the entry model we use. I have done this for me and now it is to you, make this work for your needs. We do not know what you want to achieve with your account. You get this point?...
Yes.. I do not get it at this point and having trouble ... already have a system but wish to learn more...

Thanks for your feedback

Regards
  • #178
  • Jun 17, 2018 5:31pm Jun 17, 2018 5:31pm
Quoting Swnlobo
Hi, I am new here and I have a question. What do you do if you draw a line, take a trade and price continuously oscillates around that line, taking your stops again and again? Or the magic resides in where you draw the line? Thanks and Regards
in Forex nothing called [What if?]- to be winner you must think first in losses and put worst scenario that can happen and trade based like that scenario will happen , yes of course in that method price surely in some cases will keep hit your stoploss a lot times , the idea is what's your plan to deal with that?
for example you risk 10% each time , that mean you will lose all your account after 10 losses which is not good at all,
what if you risk 1% or 0.5% per trade ? lets say you set your stop 10 pips and you lost 15 trade that mean you lost 150 pips ? what about if your target is 200 pips? that mean you lost 150 pips for get 200 pips, what if your target is 300 pips? that mean you lost 150 pips for get 300 pips=150pips profit , what if your losses was 20 trades with 200 pips then you won 300 pips that mean your profit=300-200=100 pips ,same as you restaurant owner you need to pay first to buy resources you need to make dishes and sell it to get profits, it's same idea here ,a lot people get panic when they see some few losses trades saying ohhhh that's bad method blah blah blah, you need to design money Management that can make you survive in worst case , Unfortunately so sad to see uneducated people that ruined that post and the worst thing they still thinking they are smart while they are not
  • #179
  • Jun 18, 2018 3:53am Jun 18, 2018 3:53am
This strategy shows less risk and good profit. But my question is from where to sketch the line?
  • #180
  • Edited 7:54am Jun 18, 2018 7:42am | Edited 7:54am
Quoting divyanshisha
This strategy shows less risk and good profit. But my question is from where to sketch the line?
Read again, it seems you have not got what liuliun post. You mus look deeper, this is nothing like in other threads here. Sorry.

Edit:
If you have it read over and over and you after this have trouble to get his message, you have many other entry methods that can suit you. This is here is the best i know, but it is something that can not trade by everyone. it need a change seeing the market if you trade in the past with another methods and informations around.
Perfection is the enemy of good enough!
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