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Zen method, make your own bank

Read the rules of the thread, he is specifying 100 pips to trigger a trade.
[quote=zentrader8;11797960]Hi all i want to share with you guys ,this system is very simple, and very easy. this is free, but please do your own research first. because i just research it with one pair this year, and it earns 3400 pips this year.
Sen sir ,,,,,
I surf FF threads out of Boredom due to the many hours i spend with my charts and trading ,,,,,
If u r looking for feed back ,,, i would like to add mine IF i may ,,,,,
What i am saying is based on my humble knowledge and experience and what i am achieving on a consistent base every single day ,,,,
Firstly 3400 pips in a year is extremely poor as it ONLY equates to around 13 pips a day ,,,,, very very poor to say the least ,,,,
When we couple that with the risk or draw down factor one is carrying ,,,, it does NOT equate healthy in my opinion and experience ,,,,
That only reason that is happening and u r not achieving much higher return than that is simply you ENTRIES are way out of balance to price action ,,,,,
100 pips after the market has moved from any place is alot of pips to trade in the direction of that move ,,,,, as u r missing out on the CREAM of the move ,,, and often that is a place where the market will be turning ,,,
SO ,,
You are already carrying huge amount of pips in draw down ,,,, so why dont u try this ,,,
instead of waiting 100 pips move before u trade with it ,,,, enter ur trades withiin 10 or 20 pips from that start bar u r using ,,,,
Atleast ,,, u MAY find u will be able to increase ur profits much better ,,,,,
BUT ,, in summary ,,, i would like to add this ,,, and i say it with all due respect of course ,,,,
It is obvious you have NO understanding of price action ,,, hence you are ONLY trading on HOPE and GUESSING ,,,,
My suggestion is for u to learn price action first ,,, master it ,,,,, then u will be amazed of the results u will be able to achieve ,,,,,,,
Thank u for the opportunity to add my comment ,,
Cheers,
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
I tend to agree with your comments George. Movement of 100 pips in a direction is asking a lot to keep going. Years ago those types of moves were more common and nearly daily on some pairs. The plus side of this system seems to be little time needs to be devoted to it as it is truly a set and forget kind. Yet I do think that wide margin of move and potential to be caught in significant draw down for extended time periods is a real weakness to the method.
Quoting hal7
I tend to agree with your comments George. Movement of 100 pips in a direction is asking a lot to keep going. Years ago those types of moves were more common and nearly daily on some pairs. The plus side of this system seems to be little time needs to be devoted to it as it is truly a set and forget kind. Yet I do think that wide margin of move and potential to be caught in significant draw down for extended time periods is a real weakness to the method.
The results are speaking for themselves Hal ,,,,,
Understanding price action will NOT have anyone even think of trading this way ,,, cause the entries are taken at the WRONG end of the move ,,,,
Cheers
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
@George AUs,forex has always confused me, what is the best way to spot a turn in price?,thanks in advance :-]
Quoting nozzer
@George AUs,forex has always confused me, what is the best way to spot a turn in price?,thanks in advance :-]
Hello Nozzer ,,,,
That was a very short question ,,,, BUT to answer that question i may need 2 to 3 pages here hahahahaha
I can only ,,, and ,, always will base everything on my humble knowledge and experience
Before i can explain that ,,, one needs to have a full understanding of price action ,,,, cause it will NOT mean anything to them ,,, which is something i will not go through in its full details ,,, BUT
the market does NOT do a Sunday afternoon Park stroll ,,,,
It is organised to the highest order ,,,,,,
The Financial markets are based on the COLLECTIVE PSYCHOLOGY OF THE HERD ! ! ! ! and the main aim is to ABUSE ! ! ! !
and the MOST IMPORTANT fact that i have come to prove beyond any doubt in my mind is ,,, that ,, there are many things that traders are taught about this game that have NO TRUTH to them ,,,, and NO base either ,,, as they are ALL nothing but a MYTH in traders minds ,,,,, hence i do use them because i do NOT believe in them ,,, ,, as traders understanding of them is all misleading from the reality of their presence ,,,,, like ,,,,,
SUPPORT and RESISTANCE ,,,,
SUPPLY and DEMAND ,,,
BULLS and BEARS
And many more ,,,,
The market runs in such an organised manner that is beyond that level of mentality ,, and the fact that PRICE IS NEVER RIGHT is the secret to it all ,,, as price is NEVER CONSTANT like everything in life ,,,, think about that point ,,
Yes i know u r wondering what is this guy talking about hahahahaha ,,,,
BUT ,, i do NOT talk details about my theories publicly ,,, and please do understand ,,,,,
If you wish to Master anything in life ,, but ,, in particularly financial markets ,,,, you need to be apart of the 1% to 2% of the INNOVATORS group ,,, and approach this game with a BOUNDLESS state of being / mind /view
As Bruce LEE says ,,, BE LIKE WATER ,,,,
Hope this will help to shine a light on things for u sir ,,,
Cheers,
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
Quoting George AUS
{quote} Hello Nozzer ,,,, That was a very short question ,,,, BUT to answer that question i may need 2 to 3 pages here hahahahaha I can only ,,, and ,, always will base everything on my humble knowledge and experience Before i can explain that ,,, one needs to have a full understanding of price action ,,,, cause it will NOT mean anything to them ,,, which is something i will not go through in its full details ,,, BUT the market does NOT do a Sunday afternoon Park stroll ,,,, It is organised to the highest order ,,,,,, The Financial markets are based...
Interesting insights and observations... do you have an EA for that?
Quoting hal7
{quote} Interesting insights and observations... do you have an EA for that?
I think i can safely assume that u r joking hal hahahahaha
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
Having chekked this setup on GU last week. And the result is no trade, so Next week would be better to start vacation and come back next year, I think. See y'all
Quoting hal7
{quote} Interesting insights and observations... do you have an EA for that?
An EA is as good or bad as the user masters the strategy and understand the coding. Otherwise betting on the outcome of a footballmatch will give you a far better r:r.

Where is the will to invest in knowledge and out of the box thinking?

Enjoy holidays and fullfill your wishes in 2019!
Quoting madebybel
{quote} An EA is as good or bad as the user masters the strategy and understand the coding. Otherwise betting on the outcome of a footballmatch will give you a far better r:r. Where is the will to invest in knowledge and out of the box thinking? Enjoy holidays and fullfill your wishes in 2019!
You took the words out of my moth and heart Mr E ,,,,,
Thank u for summing it up for me ,,,,,
Absolutely correct ,,,,,
Cheers,
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
Quoting hal7
{image} I thought this was an intriguing idea to play around with so I have set up a few trades. Here is the EU that triggered going 100 pips. Now it is about -100. I am also in a JY and GJ trade that triggered. Interestingly enough I had followed a guy one time who advocated just the opposite of this to take the opposite on a pair moving 100 pips. And this trade would be a classic example. We'll see how it pans out, I think think the risk is you could be sitting in a trade for very long time down hundreds of pips, but I will keep an open mind on...


Hi Hal, i think you have entered the wrong trade,
we only trade the 100 pips above and under the 8.00 . not the daily open,
Attached Image (click to enlarge)
Click to Enlarge Name: 8.png Size: 41 KB

the high is 1.14097 and the buy stop should be 1.15097,
but the price didnt reached that point, so it should be no trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 8high.png Size: 31 KB


same with gbpjpy, there shouldnt be a trade last week.
Quoting George AUS
Quoting zentrader8
Hi all i want to share with you guys ,this system is very simple, and very easy. this is free, but please do your own research first. because i just research it with one pair this year, and it earns 3400 pips this year. Sen sir ,,,,, I surf FF threads out of Boredom due to the many hours i spend with my charts and trading ,,,,, If u r looking for feed back ,,, i would like to add mine IF i may ,,,,, What i am saying is based on my humble knowledge and experience and what i am achieving on a consistent base every single
...
yes, thanks for your suggestion,
but actually i trade this method is not because i dont understand price action, ive trade forex for 10 years already, ive read books, read many thread,and the reason i trade this method, is because all of that 10 years, now i have problems with my eyes, and i cannot stand too long looking at chart anymore, so i have to use a relax, non analysis method to trade.
If you can use price action then its good, but right now i prefer a non analytical method to trade,so my purpose is to create a non analytical method.
Quoting zentrader8
{quote} Hi Hal, i think you have entered the wrong trade, we only trade the 100 pips above and under the 8.00 . not the daily open, {image} the high is 1.14097 and the buy stop should be 1.15097, but the price didnt reached that point, so it should be no trade. {image} same with gbpjpy, there shouldnt be a trade last week.
OK Zen, I see. That looks to be the start of the European session. That is 1:00 am my time which makes it tougher to set the trades. I also wonder what is the significance of that time? Would not this theory work on any time +100 pips?

I did set it at 0:00 on the GU, GJ, JY, CA, EU, and AU. GJ, EU, and JY triggered trades during the week. The JY hit the sell stop at 18:58 on 12/20 at 111.35 and took profit at 110.35 on 12/24 at 16:47 for +100. The other two are still open.
Quoting madebybel
{quote} An EA is as good or bad as the user masters the strategy and understand the coding. Otherwise betting on the outcome of a footballmatch will give you a far better r:r. Where is the will to invest in knowledge and out of the box thinking? Enjoy holidays and fullfill your wishes in 2019!
Yes the EA comment was meant as a joke.
Quoting hal7
{quote} Yes the EA comment was meant as a joke.
You know hal ,,,,
In my opinion ,,,, it would have to be a of 95% of the traders who are STILL struggling are doing so due to the wrong mentality they are applying to this game ,, which is due to their laziness and want to use some kind of an automated EA ,, ESPECIALLY put together by another trader ,,, BEFORE building a full and comprehensive understanding of this game ,,,
Atleast that has been my observation reading through the words of so many traders on public forums ,,,
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
The BT says its a profitable strategy but not a growth strategy

Zenmeth EA 1.1 : http://s000.tinyupload.com/?file_id=...31388282477412
The second trade I made on the GJ at opening time of 0:00 trigged 12/20 short at 140.67, TP hit 12/26 139.67 +100.
Quoting hal7
{quote} OK Zen, I see. That looks to be the start of the European session. That is 1:00 am my time which makes it tougher to set the trades. I also wonder what is the significance of that time? Would not this theory work on any time +100 pips? I did set it at 0:00 on the GU, GJ, JY, CA, EU, and AU. GJ, EU, and JY triggered trades during the week. The JY hit the sell stop at 18:58 on 12/20 at 111.35 and took profit at 110.35 on 12/24 at 16:47 for +100. The other two are still open.
its not it wouldnt work, but honestly i havent backtest others time others than 8.00 , maybe it worked, because actually the price is always up and down, but we must do research first, in the end it doesnt matter what i said, the market will decide, we have to gather the data, and the data must be many enough, maybe 1- 2 years or even more. if you have time, maybe you can test it first and share it here, we have to look for the better one.


BTW MERRY CHRISTMAS TO ALL WHO CELEBRATES IT!
may the joy always be with you
Quoting hal7
The second trade I made on the GJ at opening time of 0:00 trigged 12/20 short at 140.67, TP hit 12/26 139.67 +100.
nice one hal, so now left only with 1 trade?
how much is the floating now?
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