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  • #701
  • Sep 28, 2017 6:17pm Sep 28, 2017 6:17pm
Quoting strongtrader
{quote} C'mon man!! I have nothing to ask for, you cannot judge no one unless you believe to be a God. Think to your level of trading, please. No real trader will ever talk about money, so won't I, it is not needed to understand with whom you are talking with. Said that it is clear it is time to move somewhere else, please do not waste your time to reply because I use the ignoring strategy.
ok,. i was only knowing if you are really this starter like you tell here, ok, i accept this, any one was at this level.

but its not good that not many teached you already, that people know different things at different trading levels and its important to know a little bit at what level the other is. from your post before i did judge you correct at starter time, but was not sure, because you thought you are not.
its normal thats so kiss system is best you see, and you cant see that complicated calculations can be much more wins , because you cant even see how you win more with calculating much more directly and cant find an edge in it. so thats why i did not asked you more about this, after you wrote your textes.

but what ever, you kiss system works in your starter time, so looks nothing for you to learn.

and why i am god, when i ask you whats your questions, because of what you wrote before?
  • #702
  • Sep 28, 2017 6:17pm Sep 28, 2017 6:17pm
Quoting medici
{quote} Agreed, but then, on public forums, people (including myself) are very reluctant to share the subtler secrets of their trading edge. So it ends up being somebody teaching in general terms, and others being appreciative students, or malevolent attackers, based on their chosen roles in the drama. Which invariably ends in disappointment for all. For beginners to benefit and learn, the only thing that works is thorough mentoring. And for mature traders to have intelligent conversations, the wankers need to be weeded out. Neither is going to...
You are right
  • #703
  • Sep 28, 2017 6:23pm Sep 28, 2017 6:23pm
Quoting dukas_trader
{quote} ok,. i was only knowing if you are really this starter like you tell here, ok, i accept this, any one was at this level. but its not good that not many teached you already, that people know different thingsat different trading levels and its important to know a little bit at what level the other is. from you post before i dod judge you correct at starter time, but was not sure, because you thought you are not. but what ever, you kiss system wirks in your starter time, so nothing for you to learn. and why i am god, when i ask you whats your...
Only one ecception to my ignoring strategy: I began trading 8 years ago, so my starting time has passed a long time ago; I'm trading for a living..
Anyway, no angers from me, but the conversation has become boring, so have a good time and bye bye.
  • #704
  • Edited 8:43pm Sep 28, 2017 6:50pm | Edited 8:43pm
so many successful traders in ff
  • #705
  • Sep 29, 2017 1:49am Sep 29, 2017 1:49am
Quoting CrucialPoint
{quote} 10k USD (NOT Compounded) Minimum Profit of 50k a year. That's 6pips per day. 30pips per week. 10k USD (Compounded) Minimum Profit of 120k a year. That's still at 6pips per day. 30pips per week. I've mentioned this before along the same lines: The average daily range of any MAJORs is around 120pips. If any trader can't (or don't believe) consistently take 6pips out of 120pip range... That trader needs to be brutally honest with himself. Something is seriously wrong if you can't grab 6pips out of a 120pip range. An NO, I don't put a 1pip TP...
Hi CP,

Dont mind me asking, but what broker (or bank in case you have another setup...) you are using to keep safe 8M?

cheers

ps: part of my strategy here is inspired by you: https://www.forexfactory.com/showthread.php?t=668042
"What would you attempt to do, if you knew your success was a certainty?"
  • #706
  • Sep 29, 2017 2:29am Sep 29, 2017 2:29am
Quoting Fxentropy
{quote} Hi CP, Dont mind me asking, but what broker (or bank in case you have another setup...) you are using.
Let's get this clear:
I'm not promoting any broker.
I'm not associated with any broker.
I don't advice people to use the same broker I use.
I can't answer that straight, because people will attach their own agendas with it.

All I'm saying is the broker is in Sydney Australia.
It's an international company (UK, Canada, Hong Kong, France, Germany, US) and not a bucket shop broker.
Refer back to my pics and ask other people what platform it is.
  • #707
  • Sep 29, 2017 2:39am Sep 29, 2017 2:39am
Quoting CrucialPoint
{quote} Let's get this clear: I'm not promoting any broker. I'm not associated with any broker. I don't advice people to use the same broker I use. I can't answer that straight, because people will attach their own agendas with it. All I'm saying is the broker is in Sydney Australia. It's an international company (UK, Canada, Hong Kong, France, Germany, US) and not a bucket shop broker. Refer back to my pics and ask other people what platform it is.
Hi CP, Is there anyway i can show you my progress from my research of your teachings, theories and concepts please?
  • #708
  • Sep 29, 2017 2:52am Sep 29, 2017 2:52am
Quoting tradeforlife
{quote} Hi CP, Is there anyway i can show you my progress from my research of your teachings, theories and concepts please?
Nope. I don't need to see it.
Like I said... there are no exclusive VIP access.

I will only share what I want to share... nothing more.
Peace.
  • #709
  • Sep 29, 2017 4:38am Sep 29, 2017 4:38am
Quoting strongtrader
{quote} Only one ecception to my ignoring strategy: I began trading 8 years ago, so my starting time has passed a long time ago; I'm trading for a living.. Anyway, no angers from me, but the conversation has become boring, so have a good time and bye bye.
no problem with this, i would never had thought that you trade for a living, but whatever. maybe your kiss method is trading until volume get reached and buying for 1 million each year some real estates. other i cant explain how someone cant grow with time and need advanced calculation. but like you say, not important, you have to live with you and nobody knows how you really do.
  • #710
  • Sep 29, 2017 4:47am Sep 29, 2017 4:47am
Quoting CrucialPoint
{quote} Nope. I don't need to see it. Like I said... there are no exclusive VIP access. I will only share what I want to share... nothing more. Peace.
I had a question a few pages back. You either were not interested or missed it. But do you have any thoughts generally on why not to cut losers really short and or have what people would consider extremely tight stops ie. 30-15 points? Why allow something so much room when the further it moves against you that is the further it must move to break even or profit. I cannot see any reason not to have the tightest stop possible accounting for the current volatility even when considering the drawbacks of such an idea it seems to overall make the most sense. Thanks.
  • #711
  • Sep 29, 2017 4:57am Sep 29, 2017 4:57am
Entertaining thread, better than a soap opera
  • #712
  • Edited 5:30am Sep 29, 2017 5:13am | Edited 5:30am
Quoting Wachturm
Entertaining thread, better than a soap opera


Sublime, isn't it?
  • #713
  • Sep 29, 2017 5:34am Sep 29, 2017 5:34am
Quoting medici
{quote} Sublime, isn't it?
absolutely
  • #714
  • Sep 29, 2017 5:51am Sep 29, 2017 5:51am
A lot of people here just talks without ever trying CPs concepts. Have you put to the test anything that he said? Guess not, but you are still talking and talking.
About the roulette thing and the reference line, did you try to make a simulation and see where the mentioned blocks (+1 and -1) will go? You can watch any roulette game on youtube, grab a piece of paper, draw a line and start and see how it goes. But no, most of you are lazy for this, but not lazy to keep discussing with the wind.

Someone here said that roulete doesn't have a memory. Well it doesn't need to have a memory. Yes, it is a random walk, BUT, random walk still generates a trend. Random walk still moves away from any reference line. Same thing is valid for coin flipping (instead of red/black you have head/tails).

Do this instead of discussing:

Take a coin, flip it as many times you need (you have also Google coin flipper), draw a line on a paper and just try the concept? You will see trends being generated and more up moves above the line / more down moves below the line. Here is my test, I put an arrow up (+1) for head and arrow down (-1) for tail.
Attached Image (click to enlarge)
Click to Enlarge Name: coinflip1.jpg Size: 375 KB

Attached Image (click to enlarge)
Click to Enlarge Name: coinflip2.jpg Size: 409 KB


If you bet heads above the line and tails below the line, what do you get? Either a move generates to one side and you have profits to the amount of blocks above the line, or the movement goes back to the line and you have same amount of heads and tails meaning you are breakeven (0). It is simple arithmetic.

I saw a backtest of this somewhere on the earlier pages, and it was negative. Of course it was, because it took profits when it came back to the line instead of taking them while you are ahead. If you are betting up and are 3 blocks above the line that means you have 3 points profit.
You can bet more and try to catch a bigger winning series (meaning bigger trend - say 10 points), but it can reverse to the line where you are again breakeven. Count the blocks (arrows) or do your own test and SEE.

Crucial Point puts here some very good stuff. This is only one of the gems. But, you have to try it instead of just bla bla bla.

You have bigger up movements ABOVE a line.
You have more uptrends ABOVE a line.
You have more upward breakouts ABOVE a line.
You have more retracements after which a valid up movement follows, again ABOVE a line.
The opposite goes for BELOW a line.
In FX you can also use MA line for this concept.

Attached Image (click to enlarge)
Click to Enlarge Name: 170816-a komentari.jpg Size: 607 KB


Flip a coin and prove or disprove the theory.
Play or watch roulette and prove or disprove the theory.
Put a chart that you traded and prove or disprove the theory.
Just talking is useless. See the name of the thread again.
  • #715
  • Sep 29, 2017 5:56am Sep 29, 2017 5:56am
Quoting VincentGallo
{quote} I had a question a few pages back. You either were not interested or missed it. But do you have any thoughts generally on why not to cut losers really short and or have what people would consider extremely tight stops ie. 30-15 points? Why allow something so much room when the further it moves against you that is the further it must move to break even or profit. I cannot see any reason not to have the tightest stop possible accounting for the current volatility even when considering the drawbacks of such an idea it seems to overall make...
I say a lot in my post... The problem is people don't take time to read it properly.
I've always been an advocate of tight stop loss.

In one of my post I illustrated:
A 10% loss this year in your account.
A 10% profit the following year.
And after 2 years, basically a trader is break even.
What would you eat it 2 years?
What would you pay your bills if you haven't made money in 2 years?
Basically you have done nothing in 2 years.
You haven't made money in 2 years.... because of a simple 10% loss.
This is not a viable "I want to live off my trading" daydream.
A 10% loss in 1 year and you are screwed already.
Unless you are a fund manager, where if you have a losing year/s you will be fine, because you are paid in fees and you have something to eat.

Again, I mentioned that Gann's 50% retracement is basic fundamentals.
Your take profit should never decrease more than 50% of the highest peak of movement.
A stop loss should never be past a 50% retracement level.
So if you entered at 50% retracement, you can put a 5pip stop loss just below the 50% retracement because fundamentally price shouldn't cross it.
Look at some of my pics... I close at break even, I close trades at 2pips or 3 pips... unless I have a longer term trade when I can hold even up to 200pips because it is still within the boundaries of my R:R ratios.

A Stop loss is an emergency brake.
It is not an insurance policy, because you don't know what you are doing.
Example:
1.) I entered BUY and put a 5pip stop loss. As I am expecting reward is greater than 5pip and more.
2.) An Amateur entered BUY and is hesitant where to put the SL. maybe 1:1 ratio, maybe a couple more pips for breathing room, etc...
If you know your entries well enough, you know which entry only requires a tight stop loss.
You would know which entries require large stop loss, and thus should make you reconsider about taking riskier trades.

People in forums appears to be satisfied on a low expectancy DrawDown say 10-25%.
Of course, I say that is not good enough and DD should be as low as 1%.
This is because they don't trade for a living and solely dependent on their trading income.
They probably have a second job to supplement 1 year of loss.
And nobody tells the ugly truth >>> that 1 year of loss is as good as having done shit for a whole year or two.

People who say that having a tight SL will simply get you hunted and stopped out...
That's because they don't know what they are doing.

Attached Image (click to enlarge)
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  • #716
  • Sep 29, 2017 6:06am Sep 29, 2017 6:06am
Quoting strbac
I saw a backtest of this somewhere on the earlier pages, and it was negative. Of course it was, because it took profits when it came back to the line instead of taking them while you are ahead. If you are betting up and are 3 blocks above the line that means you have 3 points profit. You can bet more and try to catch a bigger winning series (meaning bigger trend - say 10 points), but it can reverse to the line where you are again breakeven. Count the blocks (arrows) or do your own test and SEE.
Wait a minute and read again. That was not the point. What I've shown with the simulation is what CP wrote. But what you suggest is the use of 2 or more reference lines, right?! Then read my last posts again where I've mentioned that it may be possible to be profitable using multiple reference lines and that roulette isn't comparable with forex. ...
  • #717
  • Sep 29, 2017 6:08am Sep 29, 2017 6:08am
Quoting CrucialPoint
{quote} I say a lot in my post... The problem is people don't take time to read it properly. I've always been an advocate of tight stop loss. In one of my post I illustrated: A 10% loss this year in your account. A 10% profit the following year. And after 2 years, basically a trader is break even. What would you eat it 2 years? What would you pay your bills if you haven't made money in 2 years? Basically you have done nothing in 2 years. You haven't made money in 2 years.... because of a simple 10% loss. This is not a viable "I want to live off...

Ain't you tired writing that huge posts and constantly replying to other posts?
(asking you in good sense)
  • #718
  • Sep 29, 2017 6:12am Sep 29, 2017 6:12am
Quoting strbac
A lot of people here just talks without ever trying CPs concepts. Have you put to the test anything that he said? Guess not, but you are still talking and talking. About the roulette thing and the reference line, did you try to make a simulation and see where the mentioned blocks (+1 and -1) will go? You can watch any roulette game on youtube, grab a piece of paper, draw a line and start and see how it goes. But no, most of you are lazy for this, but not lazy to keep discussing with the wind. Someone here said that roulete doesn't have a memory....

No, sir, you don't make money from the coin flips, but the principle works in the markets because adjacent flips/changes are correlated.

Differently put, markets tend to form trends, whereas random coin-flips don't.
  • #719
  • Sep 29, 2017 6:13am Sep 29, 2017 6:13am
Quoting TooSlow
{quote} The winning system is trading away from the open until the range hits XX pips.
Quoting MaxenshteinD
{quote} If the wining system is trading away from the open, then why are you trading reversals from the daily high/low
whichever is triggered first according to seneca pilot

with the crucial caveat that previous weekly and sometimes monthly high/lows will also be traded in this order, whichever happens first
  • #720
  • Sep 29, 2017 6:15am Sep 29, 2017 6:15am
Quoting strbac
A lot of people here just talks without ever trying CPs concepts.
LOL... you should re-consider what you post next time.
Do you really think those idiots deserved what you just posted?

The idea was given freely and openly. All they have to do is their part of the homework.
Instead, they quibble of over stupid things.

The people who are ready will get it.
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