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Stop searching for the 'Holy Grail', work on yourself!

  • #801
  • Apr 28, 2022 7:03am Apr 28, 2022 7:03am
100% in agreement with you. You don't trade demo account for the purpose of 'virtual' profit.

KP


Quoting JoshuaWheat
Well, imo you should trade with demo accounts with a purpose i.e, to get better at making strategies. So if you learn some of them, move to a live account. You can also come back to a trading account to test them out. But a live trading account is where you learn the most.
Do your homework, follow the footprints of smart money
  • #802
  • May 2, 2022 5:18pm May 2, 2022 5:18pm
Be clear about the criteria or factors you employ to show that a trade setup has a high probability of success. Have at least three such criteria, serving as confluence of factors, and test how they perform in various market conditions.

Trade safe, prosper.

KP
Do your homework, follow the footprints of smart money
  • #803
  • May 7, 2022 1:35pm May 7, 2022 1:35pm
Quoting KeenPips
Be clear about the criteria or factors you employ to show that a trade setup has a high probability of success. Have at least three such criteria, serving as confluence of factors, and test how they perform in various market conditions. Trade safe, prosper. KP
this is a very professional opinion.
  • #804
  • May 20, 2022 12:47pm May 20, 2022 12:47pm
Just musing

Do yourself a favour, take advantage of the prevailing trading range on the D1 or H4 tf. Look left for the immediate trading range on the D1 or H4 tf, and wait for a pullback to the 61.8/78.6 Fib zone for a significant candlestick/set-up in the direction of the trading range - bearish or bullish. Better if you have another factor as confluence.

Trade safe, prosper.

KP
Do your homework, follow the footprints of smart money
  • #805
  • Jun 1, 2022 3:02pm Jun 1, 2022 3:02pm
Once you have the patience and the practiced experience to master how a functional system works and how to make money with it, you would have positioned yourself for long-term success in your Forex trading business. What remains would be your resolve to resist systems hopping and to effectively handle occasional trading losses - which should be seen as part of the cost of your Forex trading business.

KP
Do your homework, follow the footprints of smart money
  • #806
  • Jul 29, 2022 3:36am Jul 29, 2022 3:36am
There is a cliche, or a much maligned aphorism, you may find useful if you want to go far in your forex trading business. You want to know what that is?

'Slow and steady wins the race.'

Trade safe, prosper.

KP
Do your homework, follow the footprints of smart money
  • #807
  • Jul 30, 2022 5:48am Jul 30, 2022 5:48am
Quoting KeenPips
There is a cliche, or a much maligned aphorism, you may find useful if you want to go far in your forex trading business. You want to know what that is? 'Slow and steady wins the race.' Trade safe, prosper. KP
Mate.
I've been reading your posts for a while now, but you only speak in generalities.
your whole letter makes no sense. I could also write great truths, but why? Beginner traders must not be deceived.
because they still believe everything.
the strategies and their attitude you describe here do not even work. coolness.
it's a shame what's going on here.
  • #808
  • Jul 31, 2022 1:13am Jul 31, 2022 1:13am
We really have to define what a Holy Grail is...
  • #809
  • Jul 31, 2022 4:56am Jul 31, 2022 4:56am
None in existence! A pure mirage and a chase of the shadow. No system or strategy works 100% of the time, none is failure-proof. Holy grail chasers want a failure-proof system, indicator or strategy.

KP

Quoting ohyeah
We really have to define what a Holy Grail is...
Do your homework, follow the footprints of smart money
  • #810
  • Jul 31, 2022 5:01am Jul 31, 2022 5:01am
True!

The best thing a forex trader can do for themselves is to find a system that they understand, then learn and master the system. This will create consistence and growth for your trading career!
Tumelo.Matane
The Dynamic Markets Corner All Time Return: -77.5%
  • #811
  • Jul 31, 2022 5:08am Jul 31, 2022 5:08am
Holy Grail could be something like this.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 18 KB
  • #812
  • Jul 31, 2022 6:28am Jul 31, 2022 6:28am
Quoting garonis
Holy Grail could be something like this.{image}
But look at all the false signals on the left side of the chart. It might not look like much loss but it's enough to wipe out the rest of the better signals. I definitely wouldn't call this a Grail.
  • #813
  • Jul 31, 2022 6:31am Jul 31, 2022 6:31am
Quoting KeenPips
None in existence! A pure mirage and a chase of the shadow. No system or strategy works 100% of the time, none is failure-proof. Holy grail chasers want a failure-proof system, indicator or strategy. KP {quote}
I think a Grail strategy definitely does exist
  • #814
  • Jul 31, 2022 6:34am Jul 31, 2022 6:34am
Quoting garonis
Holy Grail could be something like this.{image}
I suppose if you only use the signals where the price is on the outer extreme edges, it could be Grail-worthy. Is this indicator available to the public or is it only eye candy?
  • #815
  • Jul 31, 2022 6:39am Jul 31, 2022 6:39am
The Holy Grail is your mindset
  • #816
  • Jul 31, 2022 6:40am Jul 31, 2022 6:40am
You asked for the 'holy grail' and now you are moving to a 'grail' strategy. Anybody can have their own 'grail' strategy but never 'the holly grail'. Can't you see the difference?

KP

Quoting ohyeah
{quote} I think a Grail strategy definitely does exist
Do your homework, follow the footprints of smart money
  • #817
  • Jul 31, 2022 6:59am Jul 31, 2022 6:59am
Quoting KeenPips
You asked for the 'holy grail' and now you are moving to a 'grail' strategy. Anybody can have their own 'grail' strategy but never 'the holly grail'. Can't you see the difference? KP {quote}
You mean THE holy grail? This implies there could only be one in existence. And this person would be a gazillionaire. I don't mean THE one. By Grail I just mean a strategy that is both consistent and highly profitable. Not referring to these safe systems that are consistent. Everybody can play it safe and get a few pips a day consistently. To me, a Grail, whether an indicator or strategy, is both consistent and highly profitable.
  • #818
  • Jul 31, 2022 7:16am Jul 31, 2022 7:16am
@garonis, what kind of indicator is that in your chart?
  • #819
  • Jul 31, 2022 7:57am Jul 31, 2022 7:57am
what is holy grail ?

how can a cup decide your trading ?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-07-31 at 18-25-56 holy grail - Google Search.png Size: 55 KB
  • #820
  • Edited 8:41am Jul 31, 2022 8:18am | Edited 8:41am
Quoting PatienceFx
what is holy grail ? how can a cup decide your trading ? {image}
Yeah but they don't mean the actual cup. Although there someone here that trades with a cup. But I think his cup isn't really working very good right now.
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