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I may have found the Holy grail

  • #21
  • Jun 14, 2007 9:43pm Jun 14, 2007 9:43pm
The holy grail is, not to look for one.

Because when you learn that it is not neccessary to have a holy grail to trade profitably, then you do as diallist suggest.

29 years of trading a couple of times a month and only 1 loser ?????
  • #22
  • Jun 14, 2007 9:50pm Jun 14, 2007 9:50pm
Quoting SunTrader
Because when you learn that it is not neccessary to have a holy grail to trade profitably, then you do as diallist suggest.
What does he suggest and where is the post?
  • #23
  • Jun 14, 2007 10:04pm Jun 14, 2007 10:04pm
Quoting SunTrader
The holy grail is, not to look for one.
We're all here looking!

Anyway, It's REALLY HERE below:
For now, your TOTAL focus should be on learning how to trade well. If you learn how to trade well, the money will follow automatically.
Dial


FXS
  • #24
  • Jun 14, 2007 10:22pm Jun 14, 2007 10:22pm
Quoting tdion
What does he suggest and where is the post?

Uhh, he had 3 posts on page 1. Look at #12.
  • #25
  • Jun 14, 2007 11:10pm Jun 14, 2007 11:10pm
[quote]
Quoting aqibsherwani
buy g/u at 1.9698

not the best setup but im long here.
Is this trade based on the setup you started the thread with?
  • #26
  • Jun 15, 2007 12:39am Jun 15, 2007 12:39am
Quoting tdion
What does he suggest and where is the post?
Patience guys! Patience!
He could be trading the monthly candle. Have to wait till the candle close ! Come back in one month.

I f I am wrong, it could be the yearly candle !
Patience ! Come back later.

It could even be the decade candle or the century candle.
Just wait one century ! !

Higher the time frame, more likely to reach the Holy Grail ! !
  • #27
  • Jun 15, 2007 1:01am Jun 15, 2007 1:01am
Quoting highway3000
Patience guys! Patience!
It could even be the decade candle or the century candle.
Just wait one century ! !

Higher the time frame, more likely to reach the Holy Grail ! !
That's a good idea,,, (really) pass the trade to our great great grand son/daughter, accumulate 100 years of swap will defeat most number in chart (35600 days) and GBP-JPY is only 242,25 or something
  • #28
  • Jun 15, 2007 3:27am Jun 15, 2007 3:27am
I don't seem to find the description on how the trades and risk are handled.
Buying GBP/USD @ 1.9698 seems more like a signal, not the rule to enter the trade according to system.

Moreover, according to my system, price should go downwards, so I would really like to see what makes you think it will go north.

I've shorted @ 1.9707, hard stop @ 1.9722. First TP target @ 1.9670
  • #29
  • Jun 15, 2007 6:00am Jun 15, 2007 6:00am
[quote=billflet;1467251]
Quote


Is this trade based on the setup you started the thread with?

Yes. But there are "levels" of perfection.
  • #30
  • Jun 15, 2007 6:37am Jun 15, 2007 6:37am
[quote=aqibsherwani;1467493]
Quoting billflet

Yes. But there are "levels" of perfection.
hope u found it
what is ur favorite tf ??
luck
  • #31
  • Jun 15, 2007 8:24am Jun 15, 2007 8:24am
[quote=shamstec;1467520]
Quoting aqibsherwani

hope u found it
what is ur favorite tf ??
luck
nothing to do with TF.
  • #32
  • Edited 8:53am Jun 15, 2007 8:27am | Edited 8:53am
Quoting aqibsherwani
buy g/u at 1.9698

not the best setup but im long here.
Already 56 PIPS (first trade of the month) - as of 14:26 GMT 15/june
  • #33
  • Jun 15, 2007 8:46am Jun 15, 2007 8:46am
Quoting aqibsherwani
Already - 56 PIPS (first trade of the month) - as of 14:26 GMT 15/june
Sweet those 56 pips certainly include 15 pips that have been taken away from me
  • #34
  • Jun 15, 2007 8:52am Jun 15, 2007 8:52am
Quoting highway3000
Patience guys! Patience!
He could be trading the monthly candle. Have to wait till the candle close ! Come back in one month.

I f I am wrong, it could be the yearly candle !
Patience ! Come back later.

It could even be the decade candle or the century candle.
Just wait one century ! !

Higher the time frame, more likely to reach the Holy Grail ! !
lol...no im not trading century or montly candle. I only take trades which have a high probability of success.
I am making around 400-500 pips a month taking 4-5 trades ONLY.
  • #35
  • Jun 15, 2007 8:55am Jun 15, 2007 8:55am
Quoting Dexis
I don't seem to find the description on how the trades and risk are handled.
Buying GBP/USD @ 1.9698 seems more like a signal, not the rule to enter the trade according to system.

Moreover, according to my system, price should go downwards, so I would really like to see what makes you think it will go north.

I've shorted @ 1.9707, hard stop @ 1.9722. First TP target @ 1.9670
Sorry Bro..
  • #36
  • Jun 15, 2007 8:56am Jun 15, 2007 8:56am
Quoting forexerof
so if it goes south you wouldn't have any bad feelings of showing the steps you made before determining this trade, and i will compare that to my holy grail http://www.forexfactory.com/images/icons/icon10.gif
didnt go south
  • #37
  • Jun 15, 2007 9:01am Jun 15, 2007 9:01am
Quoting aqibsherwani
Sorry Bro..
No problem mate
  • #38
  • Jun 15, 2007 9:40am Jun 15, 2007 9:40am
With your testing over the last 29 years since 1978 could you tell us which year the losing trade happened.

Thanks
  • #39
  • Jun 15, 2007 9:47am Jun 15, 2007 9:47am
Quoting scorpion
With your testing over the last 29 years since 1978 could you tell us which year the losing trade happened.

Thanks
Scorpion,

Around 1980's. I dont remembe the exact year. But the strategy I used to back test was taking the BEST OF THE BEST trades. That mean max 2 trades were taken in a month. In some months there was no setup.

I have modified my strategies to to make it more aggressive so there is at least one trade a month.

Back testing does not mean anything. It is the forward testing that is important. In addition, back in 70s and 80s, people like me and you did not have access to forex markets. Only banks and institutions.
Since then market has changed alot and we have more non-bankers in the market. My strategy takes advantage of this human psychology.
  • #40
  • Jun 15, 2007 10:00am Jun 15, 2007 10:00am
Long AUD/USD 0.8365
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