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(binned per thread starter's request) MoneyZilla replies to Frien

  • #101
  • Sep 17, 2017 4:07pm Sep 17, 2017 4:07pm
Quoting Danold-Turmp
Sorry to crash the party but what's the point in hedging anyway? You're just doubling the spread and cost. Guys who really flip their positions just increase their size when they are trying to catch smaller or longer trends.
Actually, hedging is the only way to trade forex. The Buys and the Sells are trying to balance themselves out. Pip wise, candle wise, order wise and profits wise, too.

There are two types of traders. Before I describe them, just keep in mind only 1 out of 10,000 traders do not lose money, but do not make much as well... The rest 9,999 (poor) folks are net losers. Those who can really make money on trading are in between 1 in 100,000 or 1 in 1,000,000. I personally tend towards 1 in 1,000,000. Lets hope I am wrong.

So, the two types of traders are:

1. Those who do know the direction and trade it and get super rich. They do not have to hedge. One trade into the right direction and BAAM! They nail it down! Maybe 9,999 out of 10,000 traders are just like that. That is the bigger club, as you can witness.

2. Those who do not know the direction and therefore they have to hedge. One of the trades will be with the right direction, they flip the other (the loser). probably a couple of times before clear it out. Maybe they make a buck or two? Lets hope they do. These folks are like 1 in 10,000. The smaller club nobody wants to join in.

You can see there is a huge advantage of trading with one trade. The club has 9,999 members....
Maadik Hugiis. IQ 69.
  • #102
  • Sep 17, 2017 4:34pm Sep 17, 2017 4:34pm
I can tell you guys. There is a tread/post that cracks down trading. It is an amazing one. Surprisingly, nobody paid an attention to... or maybe NOT surprisingly? Anyways.

I see this a waste of my time. Why? I will tell you a story.

I was in Miami in 2016. Had a meeting with a very rich trader, who also washes down some mafia's drug money. They have very respectful watch store, that helps a lot in that task. The cheapest watches there are made by pure gold and start from about $25,000 USD. Have seen some 200-300k labeled. It is a Cuban family business! The whole family is in there. Relatives, everyone. hahahaha!:-)))

He told me, if you give a guy a very profitable trading system - it is not going to work out. Why, I have asked? Because only 20% of the guys will make money. The rest 80% will lose everything. I have seen it with my own eyes. That is how it goes...

Honestly, till 20 mins ago, I did not take it seriously! This is a top honesty! The best you can ever get from me!

20 mins ago I saw the forex crack out system to stay in the bin... I was like shot by a gun! Did not believe what I see! The Cuban guy turns out to be quite right... Unbelievable.

I have requested my two treads to be binned, including this one.

Until FF sends them where they truly belong to, I will keep posting now and then.

Sorry, but I value my time and you are going nowhere with this and going somewhere does not worth the time and efforts. I have shits to do. Want to make money, not to waste my time. The binned super tread shows, that at the end, nobody goes nowhere. Unfortunately, for the most of you, the house will always win.

As final words in this post. I would like to say, that I gave you what you needed, but you will not get what you want... because the Cuban guy is absolutely right, unfortunately. There is not much you can do about that anyway... :-(

May Nature be with You!
Good Luck to Everyone!
Maadik Hugiis. IQ 69.
  • #103
  • Sep 17, 2017 11:03pm Sep 17, 2017 11:03pm
Quoting MoneyZilla
Had a meeting with a very rich trader, who also washes down some mafia's drug money. They have very respectful watch store, that helps a lot in that task. The cheapest watches there are made by pure gold and start from about $25,000 USD. Have seen some 200-300k labeled. It is a Cuban family business! The whole family is in there. Relatives, everyone.
Are you trying to get yourself killed?
  • #104
  • Sep 18, 2017 3:00am Sep 18, 2017 3:00am
Quoting ReverseFlash
{quote} Are you trying to get yourself killed?
hahahahahaha!!!

i have never ever imagined that on a public forum there would be a pile of gold for free! never believed there is something valuable here at ff! never! the folks did abandon their ingenious topic, because these idiots did not know how to flip!

zig zag without a proper flip is pure piece of shit!

using a sl and cutting the chase is pure suicide of one's account balance.

this is what i think about killings!
Maadik Hugiis. IQ 69.
  • #105
  • Sep 18, 2017 3:51am Sep 18, 2017 3:51am
Quoting MoneyZilla
{quote} hahahahahaha!!! i have never ever imagined that on a public forum there would be a pile of gold for free! never believed there is something valuable here at ff! never! the folks did abandon their ingenious topic, because these idiots did not know how to flip! zig zag without a proper flip is pure piece of shit! using a sl and cutting the chase is pure suicide of one's account balance. this is what i think about killings!
Care to pm me the resource your quoting lol
  • #106
  • Edited 5:36am Sep 18, 2017 5:00am | Edited 5:36am
Quoting MoneyZilla
I can tell you guys. There is a tread/post that cracks down trading. It is an amazing one. Surprisingly, nobody paid an attention to... or maybe NOT surprisingly? Anyways. I see this a waste of my time. Why? I will tell you a story. I was in Miami in 2016. Had a meeting with a very rich trader, who also washes down some mafia's drug money. They have very respectful watch store, that helps a lot in that task. The cheapest watches there are made by pure gold and start from about $25,000 USD. Have seen some 200-300k labeled. It is a Cuban family business!...
That's not fair to bin now the thread. Please don't do that. We just started to reach somewhere. You are doing great job here.
  • #107
  • Sep 18, 2017 5:06am Sep 18, 2017 5:06am
Quoting Piphunter00
{quote} Care to pm me the resource your quoting lol
I already did tell everyone here what to search for!

You know my teaching methods already, right? I do require everything achieved to be accomplished by the curious individuals themselves. Curiosity = Intelligence. Add some hard work to the curiosity and you got yourself a happy creative person!

Just keep in mind, even if you do find the tread, it is right there in the bin of FF, it WILL NOT be as obvious it is as good as pure gold. It takes one to know how to flip a loser and turn it into a winner, eventually. If you know that, you will read charts as they are an open book.

The tread I am referring to, under specific trader's skills, will result in a chart reading skills. The next direction, is officially announced on the chart. Depending on the TF you do want to trade, daily seems the best scenario for me, the next direction signal is placed on the chart within 5-7.5 pips usually. Excluding the news times, where 30-50 pips of uncertainty might be in present. Especially when there are fast spikes/rebounds. Maybe it is just a matter of an experience to filter those, too?

One last thing. If you are all over the chart, about 25% of all trades are natural winners, 75% are more or less losers or hard to trade, at least. They actually do create the blissful moments of DD. Trading just one level/trade/signal on the chart IS RISKY BUSINESS... I hope you get what I mean.
Maadik Hugiis. IQ 69.
  • #108
  • Sep 18, 2017 5:22am Sep 18, 2017 5:22am
Quoting SuperPip
{quote} That's not fear to bin now the thread. Please don't do that. We just started to reach somewhere. You are doing great job here.
Mate, my tread is from the same quality as the one that has being binned many years ago... Is not it an ironic? The two chart cracks go right to the bin? I think it is.

When I die, I will wait for you for the screwed up traders family group photo. On the other side of the Light, mate! Trust me, there are going to be hundred of millions of us on that photo. Maybe even over a billion? I am sure the Light will fulfill our last desire for a big group photo. I hope everyone will be available! At that moment I do suspect our asses will smell as bad as they do smell right now, so we all can take our pants off and show up our asses!
Maadik Hugiis. IQ 69.
  • #109
  • Sep 18, 2017 5:57am Sep 18, 2017 5:57am
Quoting MoneyZilla
{quote} When I die, I will wait for you for the screwed up traders family group photo.
Why you think I'm screwed ? Just going on my way.
Your thoughts and different view to market are inspiring.
  • #110
  • Sep 18, 2017 6:23am Sep 18, 2017 6:23am
Quoting SuperPip
{quote} Why you think I'm screwed ? Just going on my way. Your thoughts and different view to market are inspiring.
I was joking.

Better watch the gold now. It is about to explode 50+ pips down or 100+ pips up from this point. I think it is more likely to continue it's down movement...

It has made enough ZZs to worth an entry. D1 says it is going down, so does everyone else, but on Wednesday there is FOMC meeting and gold might be going nowhere until then. It is impossible to know the future, but it is easy to know the last direction taken...
Maadik Hugiis. IQ 69.
  • #111
  • Sep 18, 2017 8:32am Sep 18, 2017 8:32am
Quoting MoneyZilla
{quote}Better watch the gold now. It is about to explode 50+ pips down or 100+ pips up from this point. I think it is more likely to continue it's down movement...
Here the green vertical line shows the moment of my warning to you guys. Nobody listens anyway. This is one of my last posts on this tread, before Twee sends it to oblivion... Do not feel to be a good enough trader. Saw some nice profits, 2-3k everywhere. Closed down everything. On USC closed 47k USC. Very happy. Soon going on live. Waiting for the new magic from the mt4 guy I am working with.

I think it would not be a big surprise if gold heads up north for tomorrow. No indications for that yet, but they usually lock it within a range before such "important" events... While typing two buy signals just popped in on the small TF charts... The price went quite down from the D1 breakout and they usually bring it back higher up in similar situations, so it worths chasing it right now or around here for an upper movement. There are 5 ZZs at the moment on m5 and it will make no more than 5-6 more before continuing down (i think it is unlikely, but does it matter? the goal it to catch the movement, not to guess the direction!) or up (most likely - for up to 100 pips, probably).

Attached Image


EDIT: here is the D1 breakout. The bottom was around 90-100 pips away from the D1 BO line (the top ORANGE line). Monday is today. Nothing special. Usually a range day. It worths trying to perform a chase here. 50-100 pips on the upper side there would be, at least, if they move it up. On the downside below 50 pips the reward will be, I can only guess.

Attached Image
Maadik Hugiis. IQ 69.
  • #112
  • Sep 18, 2017 8:35am Sep 18, 2017 8:35am
Quoting MoneyZilla
It has made enough ZZs to worth an entry.
Yeah, it went down. Was you looking 1M or 5M chart?
Ok. your last chart shows 5M.
  • #113
  • Sep 18, 2017 8:56am Sep 18, 2017 8:56am
Quoting SuperPip
{quote} Yeah, it went down. Was you looking 1M or 5M chart? Ok. your last chart shows 5M.
The first image is m5. BTW the chart just sent a message. Going up. But you can never be sure, until the rate DOES LEAVE the chase area. ZZ has not reacted yet. Chart is better and way faster than ZZ, but it can and it will flip you more times, but one can catch all edges, so chart is still better than ZZ...
Maadik Hugiis. IQ 69.
  • #114
  • Sep 18, 2017 6:49pm Sep 18, 2017 6:49pm
question, on that last post, are the blue dots a buy order, and the red dots a sell order?
  • #115
  • Edited 3:53am Sep 19, 2017 1:38am | Edited 3:53am
Quoting cyguy
question, on that last post, are the blue dots a buy order, and the red dots a sell order?
Post 76 (https://www.forexfactory.com/showthread.php?p=10290214#post10290214).
Maadik Hugiis. IQ 69.
  • #116
  • Sep 25, 2017 5:32am Sep 25, 2017 5:32am
Dukas, this is for you mate. See hedging in a little bit of action. To be honest, I am a little bit disappointed with these results. I am looking for daily returns of that scale, not weekly, but if daily is not possible, I can, eventually, live with that. Also, the max DD seems scary high to me. Need to improve it significantly. Eliminating the DD within the same pair seems task impossible. No-DD trading is only possible with multiple pairs traded at the same time. Something like 10+ pairs, at least. This annoys me a lot, but for now that is the situation... This is very aggressive hedging. It leads to high DD and proportionally high returns.

The green labels are the session closure data. SessionProfit/maxDD and then lots (buy/sell) and trades (buy/sell). The EA leaves snapshots on the charts with the present P/L at the time of the snapshot, so I can see the history of a session...

As you can see I am hedged now. Properly. The sells are above. This creates lower DD compared to the other way around. Until the rate clears this price layer, I will remain hedged, cause it is uncertain where will the rate head to... That is how hedging can lead to some profits.
Attached Image (click to enlarge)
Click to Enlarge Name: eg1-chart.png Size: 143 KB


These are the lots and their average prices.
Attached Image
Maadik Hugiis. IQ 69.
  • #117
  • Sep 25, 2017 8:42am Sep 25, 2017 8:42am
Quoting MoneyZilla
Dukas, this is for you mate. See hedging in a little bit of action. To be honest, I am a little bit disappointed with these results. I am looking for daily returns of that scale, not weekly, but if daily is not possible, I can, eventually, live with that. Also, the max DD seems scary high to me. Need to improve it significantly. Eliminating the DD within the same pair seems task impossible. No-DD trading is only possible with multiple pairs traded at the same time. Something like 10+ pairs, at least. This annoys me a lot, but for now that is the...
yes, but profits are no problem of hedging, only less profit or at max same like not hedging. profits has nothing to do with argument for or against hedging, at max you need to compare both profits, same with hedged against unhedged (net traded).
  • #118
  • Sep 25, 2017 9:46am Sep 25, 2017 9:46am
Quoting dukas_trader
{quote} yes, but profits are no problem of hedging, only less profit or at max same like not hedging. profits has nothing to do with argument for or against hedging, at max you need to compare both profits, same with hedged against unhedged (net traded).
Good, but how we can tell that, when there is not any net alternative of hedging?

We see what the net traders are achieving. 9,999 of 10,000 are just plain losers. It is just impossible to compare. Not many successful traders out there anyway...

All I know is hedging can make some nice profits. What are the net alternatives profits? I have zero clues.

What drags my attention is like a news on the media. I always try to catch what is the news trying to manipulate me about. Same here. Hedging is like a sin in trading. There must be something behind that. And it is...
Maadik Hugiis. IQ 69.
  • #119
  • Sep 25, 2017 9:55am Sep 25, 2017 9:55am
Quoting MoneyZilla
{quote} Good, but how we can tell that, when there is not any net alternative of hedging? We see what the net traders are achieving. 9,999 of 10,000 are just plain losers. It is just impossible to compare. Not many successful traders out there anyway... All I know is hedging can make some nice profits. What are the net alternatives profits? I have zero clues. What drags my attention is like a news on the media. I always try to catch what is the news trying to manipulate me about. Same here. Hedging is like a sin in trading. There must be something...
really, noone will speak with you often if you dont start learn the math. if you trade in win with hedging, you would have much more win with not hedging, point. or in extrem cases same win. so simple is this case and math. you will not understand it, but really its my last post about this topic in this for you, i cant help you more, you dont want see and dont want learn basic math.
  • #120
  • Sep 25, 2017 10:26am Sep 25, 2017 10:26am
Quoting dukas_trader
{quote} really, noone will speak with you often if you dont start learn the math. if you trade in win with hedging, you would have much more win with not hedging, point. or in extrem cases same win. so simple is this case and math. you will not understand it, but really its my last post about this topic in this for you, i cant help you more, you dont want see and dont want learn basic math.
I think what confuses people with what Zilla does is the fact he doesnt try to nail a direction. For a trader who has a methodology that helps them predict a future move in a certain direction this will never make a single percent of common sense to them as they are able to pin point moves. Going through many of MoneyZillas posts you can see he doesnt attempt to get it "right".
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