Free from Prediction and Forcast Method (3LB)

The issue I have is not with your system per se; your system will eventually prove itself.

My issue is with you telling traders that your system will not lose and to trade it without stops.

In my opinion those are wreckless and self serving statements which could not only damage the accounts of new and trusting readers of this forum, but could possibly open the doors to litigation against you for offering misleading advice and misrepresenting the potential risks intrinsic to trading.

Be a responsible and truthful person. Post your trades, download your account statements, but don't mislead or inflict damage upon others for the sake of an ego trip.


"Positive thinking is the key. This is when you can say "I am a consistently winner". This is when your success story is not a fable."

Money management, consistency and a positive expectation is the key. People that say "positive thinking is the key" eventually get caught out

Dear Mongoose
Thanks for your advice

In the method: S/L= 1.5*ATR as I explained before
And when I specify a stop loss it means it might hit sometimes.

When I say "you won't lose anymore" I don't mean you won't have any losing position. I mean you won't lose your account.

I myself don't use stop losses. I'm a very patient trader and I take into account other issues so it is my own style of trading.
In addition I never open more than 0.5 lot for each 10,000.

Sold @2.0159
Target: 2.0147+spread=2.0150

met the target
+9 pips

This was my last post in this thread.
Good bye

P.S.: As an advise accept that the best method is just %20 of your success and the rest is positive thinking.

Did anyone get this method? I am lost.
If anyone can put an explaination with examples in one doc, will be a GREAT help.

Thanks in advance.

PS: It Fianance has the 3Line BReak chart built in.

hi all

i have changed the indicator postet by lou g a little bit,
i think now it follows the rules,

if not so please let me know

The indicator looks okay to me spence, thanks.

Can Fun Trader confirm this?

Hi all,

I don't know if anyone's still looking at this thread, but i'd like to say a couple of things about the TLB (3 line break) method introduced here.

First of all, I've used this method and STILL use it for stock and option trades for more than 14 years. After a while, I discovered that TLB combined with Aroon, delivered astonishing results. Let me stress out again that I'm talking about stock and option trading and NOT forex.

There is one minor problem with the use of TLB (in my opinion), which can easily become a major issue depending on the market and the timeframes a trader is engaged into.

The problem is that the TLB signals appear when the new trend is well underway. This means that a trader can lose significant amounts of profits before he/she enters the markets.

But this is not all. The greater risk lies when big intraday -or even daily- movements appear with long bodies and tails. This situation is driving the TLB chart crazy, with buy and sell signals appearing even within the span of 2 or 3 bars apart. This can blow any account -without risk management- in a matter of hours!!

For example, the DOW index would be a disastrous play for a trader using the TLB due to its volatile nature. And this is a stock index with daily volume at a fraction of the forex market!!

Imagine the danger on the FX market where high volatility activity occurs many times even in the same day.

What I have written above, does not intend to make you reject TLB. It is a very good tool in any trader's toolbox. But as with all tools, it's not for all market conditions. So be careful how to use it!!

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famagusta

Hi,

Very interesting thread.

I would be interested if/how to trade the 3lb with a longer time-frame (daily charts).

Would be glad to hear any feedback(s)

Cheers @ all

Hi Fun Trader!

So what has happened since '07 till now; whole lot f 2yrs? I wish u had expressed yourself in your own English; this whole house looks for & understands Fx technics and not polished talks; you can think that for politicians.

Thxs.
Orjiel

i think he ended the post