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May's Trend System (indicatorless trading)

  • #81
  • Jun 24, 2017 8:37am Jun 24, 2017 8:37am
Quoting Quants
{quote} Im not claiming any profit or guarantee it like our false guru here. Rather than i share ideas and tools which can be useful for the people with strict rules. (Which already did help some of them) If anyone interested can get it... But this guy claims $$$$$ saying indicatorless trading.. Which with my last thread i designed to break this no sense tabu that indicator = what you see in the chart out of subjectivity. If someone says Monthly trend.. It doesnt explain anything at all.. Last 5 months it can go up and for another 10 days you can...
I do not feel he is sharing something absolutely strange here. Let me come up with what is similar in EURNZD short trade setup on the weekly. There was already a strong setup on 14th and 21st May. It escaped me because of my EURUSD long then. Any upper band rejection during retracement would offer another opportunity to join the bears. Joining them now could trigger SL. Allow those who wish to learn new thing to learn. Everyone can decide whether it's working or not. Don't discourage others from learning new thing.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdb.png Size: 45 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 17.5%
  • #82
  • Jun 24, 2017 8:40am Jun 24, 2017 8:40am
Quoting bfx17
@RMG - indeed the file contains a malware; my antivirus also detected; Guys, THIS IS A SCAM. STAY OUT OF IT! ALSO, THE PDF FILE CONTAINS A VIRUS/MALWARE OR SIMILAR
yes, this thread have huge potential to be a scam with that pdf file but not because of MALWARES.

Just because of the ideology here shared and the collection of e mails..
I will wait to see what he gonna share..
Take it easy.
  • #83
  • Jun 24, 2017 8:42am Jun 24, 2017 8:42am
Quoting Quants
i share ideas and tools which can be useful for the people with strict rules. (Which already did help some of them) If anyone interested can get it... But this guy claims $$$$$ saying indicatorless trading.. Which with my last thread i designed to break this no sense tabu that indicator = what you see in the chart out of subjectivity. If someone says Monthly trend.. It doesnt explain anything at all.. Last 5 months it can go up and for another 10 days you can stuck in a drawdown and watching your %5 Of the acc is melting. He says consolidation..And...
Take a breath. First of all I've posted a list of trending pairs here in the forum, posted a couple of posts about pairs showing consolidation that appears to be ending, said I would be posting charts so you can see what I'm talking about.

If you don't like that I don't use indicators fine, say that. Also I'm not a "him" I'm a "her" so please try to get basic and simple facts straight.

Third, because I've already started posting pairs in a trend, posting pairs that appear to be ending consolidation on the daily, I'm going to be able to show trades develop and we'll see what results I get in real time as they happen.

No showing only the profitable past trades the way lots of "false gurus" as you called it have done. You're going to see the trades develop, see how they profit or don't, and you can make up your own mind.

Now can we please try and settle down. And this claim that I'm doing something wrong is just nonsense anyway. Less than 80 people (and then only because I made a mistake) got the email that you're freaking out about with the income thing on it. My list is already over 300 so the very vast majority of people don't even know what in the world you're talking about ... because this list was never intended to sell anyone anything. I make my living trading. Yes I do have a side business that sells a few things too mostly as a hobby to allow my mind to do other things besides just think about the markets all the time, but my living is made from the markets so I don't need to sell anything to anyone.

The email list is simply to create a more clean dialog. My forum postings about the ACTUAL SYSTEM can get buried in idiotic nonsense (such as your post) and then people don't get to learn the system itself. Whereas with the list I have more control over the dialog and can make sure people actually see important information. I'm sorry that people actually seeing important information is so offensive to you.

I'm sorry that someone creating a system that's different than yours is so offensive to you.

I'm sorry that me being female and being a better trader than you is so offensive to you.

You must be offended a lot, I pity you.

If your system was actually all that profitable you wouldn't even be in this forum looking and posting on other people's systems because you just wouldn't have the time. However the system you purport to be so awesome is IN REALITY so lackluster that you're forced to try and learn other stuff from other people saying things you don't even agree with ... and we're supposed to believe that your system is so great?

Sheesh.
  • #84
  • Jun 24, 2017 8:47am Jun 24, 2017 8:47am
Quoting 9jatrader
{quote} I do not feel he is sharing something absolutely strange here. Let me come up with what is similar in EURNZD short trade setup on the weekly. There was already a strong setup on 14th and 21st May. It escaped me because of my EURUSD long then. Any upper band rejection during retracement would offer another opportunity to join the bears. Joining them now could trigger SL. Allow those who wish to learn new thing to learn. Everyone can decide whether it's working or not. Don't discourage others from learning new thing. {image}
Someone can learn something wrong and keep practicing something wrong . It will not help them.
Atleast you posted a chart with blue area... and a idea. (Which still have a lot of question marks)

Anyway i did talk a lot here. I guess its time to leave it..

All i can say , Do NOT RISK YOUR %5 OF acc unless you have High profitable system with statistical facts and rules. (Even then it would be still so risky approach)

I knew professional Investors that manage global investment companies and they just shuts down their Funds and cancel traders because they are reached %10 Drawdown...
Take it easy.
  • #85
  • Jun 24, 2017 8:47am Jun 24, 2017 8:47am
Quoting mario777
I have seen the same style of scammers in FF over the years. They will not describe their exact rules and dont even post charts. Beware!
Uhhh ... I've posted a list of trending pairs, posted more than once about a pair appearing to end its consolidation, said I would be posting charts this weekend TWICE now and guess what ... posted my exact rules. So what's your problem exactly?

Can we please discuss the SYSTEM now???

For you people that seem so concerned I notice that none of you can point to anything actually factually or materially wrong with THAT while wanting to sling ad hominem attacks around all day. Real mature guys, real mature.
  • #86
  • Jun 24, 2017 8:52am Jun 24, 2017 8:52am
Quoting mayzee
{quote} Uhhh ... I've posted a list of trending pairs, posted more than once about a pair appearing to end its consolidation, said I would be posting charts this weekend TWICE now and guess what ... posted my exact rules. So what's your problem exactly? Can we please discuss the SYSTEM now??? For you people that seem so concerned I notice that none of you can point to anything actually factually or materially wrong with THAT while wanting to sling ad hominem attacks around all day. Real mature guys, real mature.
Im done here.

This is my last post and last warning :

A system without provided

- Strict Stop loss and exit rule
- Strict Entry and trade management rule
- Past Statistical results about how system made.

IS GAMBLING..
Take it easy.
  • #87
  • Jun 24, 2017 8:54am Jun 24, 2017 8:54am
Quoting Quants
I knew professional Investors that manage global investment companies and they just shuts down their Funds and cancel traders because they are reached %10 Drawdown...
And if you're trading a 200 million dollar fund you better believe a 10% draw down is a big deal.

If you're trading 5 grand and you don't open a trade with enough room to breathe you're just going to get whipsawed over and over ... which is a HUGE problem many beginning traders have exactly because their SL is too close to their opening position. When you have a smaller account you have to take bigger risk on your position or else it isn't possible to open a position in the first place. Even a tiny .001 microlot position is a decent percentage of your account and you have to give the market space to move around a little before it goes into profit and stays there.

I mean is it possible to think about what you're saying before you say it?

People want to claim that my account isn't viable for smaller accounts but when I have rules exactly in place for accounts with smaller amounts you want to then whine that the rules require too much risk ... while at the same time whining my system doesn't have specific rules? Seriously?

It is a mathematical fact that a small account is going to have to take risk that larger accounts don't have to take. Sorry if little things like facts are getting in the way of your opinion.
  • #88
  • Jun 24, 2017 8:54am Jun 24, 2017 8:54am
Quoting Quants
{quote} Someone can learn something wrong and keep practicing something wrong . It will not help them. Atleast you posted a chart with blue area... and a idea. (Which still have a lot of question marks) Anyway i did talk a lot here. I guess its time to leave it.. All i can say , Do NOT RISK YOUR %5 OF acc unless you have High profitable system with statistical facts and rules. (Even then it would be still so risky approach) I knew professional Investors that manage global investment companies and they just shuts down their Funds and cancel traders...
Come with the questions here and let everyone learn from you and your questions. I have another chart still on EURNZD. That setup was formed right below 2014 resistance. There was no need to over analyze the chart. Check your EURNZD weekly chart and prove me wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdn.png Size: 40 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 17.5%
  • #89
  • Jun 24, 2017 8:57am Jun 24, 2017 8:57am
Quoting mayzee
{quote} Can we please discuss the SYSTEM now???
Go ahead! Why wait? Post some charts as you have promised.
  • #90
  • Jun 24, 2017 8:57am Jun 24, 2017 8:57am
Quoting Quants
{quote} Im done here. This is my last post and last warning : A system without provided - Strict Stop loss and exit rule - Strict Entry and trade management rule - Past Statistical results about how system made. IS GAMBLING..
There are strict rules for stop loss, there are rules for how to exit ... and everything else you claimed.

AS for "pst statistical results" ... hahahahahahahahaha

"Past performance is no indication of future results" ...good grief there's a reason that statement is said ad nauseum.

There's a reason I'm not posting PAST results and instead showing people what's happening in the markets NOW, what trades are developing NOW so they can see the system and how it works in the markets as they are NOW. Watching a trade actual develop in the live market using my system is INFINITELY more valuable than posting a few perfect examples of trades.
  • #91
  • Edited 9:28am Jun 24, 2017 9:04am | Edited 9:28am
Quoting mayzee
{quote} And if you're trading a 200 million dollar fund you better believe a 10% draw down is a big deal. If you're trading 5 grand and you don't open a trade with enough room to breathe you're just going to get whipsawed over and over ... which is a HUGE problem many beginning traders have exactly because their SL is too close to their opening position. When you have a smaller account you have to take bigger risk on your position or else it isn't possible to open a position in the first place. Even a tiny .001 microlot position is a decent percentage...
Bullshit.
200 mil $ or 200 $ Doesnt matter.
Any account you have counted as %100. Risking %5 for "1 trade " for any amount money is BIG....
When you have a smaller account you should not take a bigger risk.. It will just speed up the Doom.

Quoting mayzee
{quote} There are strict rules for stop loss, there are rules for how to exit ... and everything else you claimed. AS for "pst statistical results" ... hahahahahahahahaha "Past performance is no indication of future results" ...good grief there's a reason that statement is said ad nauseum. There's a reason I'm not posting PAST results and instead showing people what's happening in the markets NOW, what trades are developing NOW so they can see the system and how it works in the markets as they are NOW. Watching a trade actual develop in the live...
All we see untill now rather than strict rules are , Subjective approaches and collecting e mails with all text of wall and not any useful word for a newbie..

"Past performanse is no indication of future results" is just enough for me to stop talking here. Just answer this
Then thats why professional companies trying to invest hundreds thousands of dollars to develop their "Machine learning algorithms" ?

Past results can indicate future results but they cant guarantee it....

Oh btw you contradict yourself by yourself.

I thought we taking reference from Monthly charts which is already past bias.
------------------
Anyway instead protecting how great your system is , Make 1 great post with requested stuff. Im just out.

And somewhere else you said i am trying to learn some systems here....
Since 2009 I have found 3 useful threads in FF With people who really seem they know what they are speaking about.

Your thread is definately not one of them.. Im here not to learn your system but to protect others making a mistake. I would not even attempt to posting if i wouldnt see that you claiming profist with it while system doesnt explain anything at all.

https://www.forexfactory.com/showthread.php?t=207617

Guess why no one paid attention to this guys thread while he shared one gold there.

Anyway i am out GL
Take it easy.
  • #92
  • Jun 24, 2017 11:33am Jun 24, 2017 11:33am
Quoting Quants
{quote} Bullshit. 200 mil $ or 200 $ Doesnt matter. Any account you have counted as %100. Risking %5 for "1 trade " for any amount money is BIG.... When you have a smaller account you should not take a bigger risk.. It will just speed up the Doom.
Really? Do the math for me on that if you don't mind. Show me how a trader with a 1k account places a trade and doesn't put 5% of his account at risk while having a reasonable SL. Now what about the $200 trader. Show me how that's anything even remotely possible.

I think you need to go back to school and learn a little more basic math. The crap you're claiming is so totally nonsensical as to defy even basic logic.

Quote
All we see untill now rather than strict rules are , Subjective approaches and collecting e mails with all text of wall and not any useful word for a newbie..
All trading is subjective at the end of the day. All of it. If your approach was so rock solid with its rules you could just write an EA and trade programatically. Bet you don't have a programmatic EA that actually works now do you. That's because there's ALWAYS going to be subjectivity.

But when you learn the fundamentals of trading, when you learn the fundamentals of how to identify a trend, the fundamentals of how to identify consolidation and that consolidation ending, you can trade rationally instead of using "gut feeling" the way 99% of you men have a habit of doing.

So get off your high horse with the "strict rules" B.S. because that's just what that is. Yes, some of what I'm doing is subjective. But that's why I posted a reference of trending pairs, why I posted two different posts with pairs appearing to be nearing the end of consolidation.

Quote
"Past performanse is no indication of future results" is just enough for me to stop talking here. Just answer this Then thats why professional companies trying to invest hundreds thousands of dollars to develop their "Machine learning algorithms" ?
First, they are investing many millions in it. Yes that's true. Do you have a few million to put into the development of an AI that can trade the market? And guess what ... other than the high frequency algorithmic trading there STILL isn't an AI that can profitably trade the markets despite what is probably billions invested at this point by the various insitutional trading firms.

So what is your point here?

Quote
Past results can indicate future results but they cant guarantee it.... Oh btw you contradict yourself by yourself. I thought we taking reference from Monthly charts which is already past bias.

You're trying to compare apples and oranges. Make an actual point. Yes you can look at the past (monthly) to determine that a trend is underway. You can look at the past (daily) to see if there's been some consolidation on that trend to give you an entry.

But posting past results of what you did in the past doesn't mean bupcus. Anyone can post only their winning trades, that doesn't mean anything. I could sit here and post up all kinds of winning trades and make it look as if I were the greatest trader in history. Wouldn't make it the truth.

But when you get to see the results of trades taking place IN REAL TIME in the actual market as it's happening ... that's when you know if a trader is legitimate or not and THAT'S what I'm telling you I'm going to do.

I find it interesting that you seem to have a problem with me demonstrating my system in this manner.

Quote
Guess why no one paid attention to this guys thread while he shared one gold there. Anyway i am out GL

And yet people seem to be paying attention to my thread, even you are. Thanks for playing.
  • #93
  • Jun 24, 2017 12:37pm Jun 24, 2017 12:37pm
Too many argument here and there is no point to do that. waste of energy and time. prove is most important and one must know how to prove.
SVT refer to mql5 link
  • #94
  • Jun 24, 2017 12:52pm Jun 24, 2017 12:52pm
Quoting SubheadSeven
Too many argument here and there is no point to do that. waste of energy and time. prove is most important and one must know how to prove.
Agreed, and the best proof is when I show trades in the live market. Those results can't be fudged, I can't just not post losing trades or anything. You'll see how the system works life and in living color lol
  • #95
  • Jun 24, 2017 1:08pm Jun 24, 2017 1:08pm
Quoting mayzee
{quote} Agreed, and the best proof is when I show trades in the live market. Those results can't be fudged, I can't just not post losing trades or anything. You'll see how the system works life and in living color lol
Ok.
SVT refer to mql5 link
  • #96
  • Jun 24, 2017 2:33pm Jun 24, 2017 2:33pm
Quoting SubheadSeven
Too many argument here and there is no point to do that. waste of energy and time. prove is most important and one must know how to prove.
Yea, great statement. Distractors are over FF threads
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 17.5%
  • #97
  • Jun 24, 2017 2:41pm Jun 24, 2017 2:41pm
Mayzee

Have several questions about determining the trend on the monthly chart.

I have used the EURGBP chart as an example as you state it is in an uptrend.

1. How do you determine trend charges on the monthly chart? I have placed pink lines on the chart where I would traditional look at a chart and think to myself the trend is changing.

2. For the last pink trend line change on the chart I state there is no trend change as price has not closed below the trend line.

3. You have stated the EURGBP has been in a consolidation phase and on the daily it's stating to look like the up trend may be resuming. I noted that the consolidation looks like it was over a 5 month period. Do you just sit on your hands and not trade this pair for 5 months.

This would truly be a test of most peoples patience if that is the case.

Looking forward to your feedback!
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPMonthly Example.png Size: 65 KB
  • #98
  • Jun 24, 2017 11:49pm Jun 24, 2017 11:49pm
Quoting ozziedave
I noted that the consolidation looks like it was over a 5 month period. Do you just sit on your hands and not trade this pair for 5 months.
Correct, you wouldn't trade the pair during the consolidation phase. But while you wouldn't be trading THIS one pair during that time frame there are lots of other pairs that could be traded during that time. It's why in the system we look at ALL pairs, even the exotics, not just the G7 pairs.
  • #99
  • Jun 25, 2017 1:47am Jun 25, 2017 1:47am
Quoting mayzee
{quote} Correct, you wouldn't trade the pair during the consolidation phase. But while you wouldn't be trading THIS one pair during that time frame there are lots of other pairs that could be traded during that time. It's why in the system we look at ALL pairs, even the exotics, not just the G7 pairs.
So how are you actually determining trend....you have given us pairs to look at but when I look at most of them I am not seeing anything that I would call a trend, for example AUDCAD or NZDUSD to name a few. Would be nice if you show some pairs with an explanation.
  • #100
  • Jun 25, 2017 6:24am Jun 25, 2017 6:24am
Quoting ozziedave
Mayzee Have several questions about determining the trend on the monthly chart. I have used the EURGBP chart as an example as you state it is in an uptrend. 1. How do you determine trend charges on the monthly chart? I have placed pink lines on the chart where I would traditional look at a chart and think to myself the trend is changing. 2. For the last pink trend line change on the chart I state there is no trend change as price has not closed below the trend line. 3. You have stated the EURGBP has been in a consolidation phase and on the daily...
I wish to provide some few information here. During consolidation there is no need to get in. This is where market ambushes our positions. Do we need to sit on the fence and not trading at all during consolidation? No; when you trade the daily candles you can trade many pairs- more than twenty pairs. If one is staying too long in consolidation, you have other pairs to focus on.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 17.5%
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