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The Holy Grail - Found

  • #121
  • Dec 10, 2007 8:18am Dec 10, 2007 8:18am
Quoting th_ngue21
This is what he says. Read....



So it is a waste of time to see anything news from JohnW right?
I dont think this guy tell his "secret" here on the forum.

It is better that you discover the "holy grail" your own way.
Someone that lost 4 years money and after that 6 months profitable, he wont tell his secret soo easy.

What should you do if you are in the position of JonhW History? Give your secret free after 4 years hard work and frustration? Aha!
What do you care? Does he owe you something? You will probably never know what he was going to do now. Don't you get it? Do you think that if you can't trade very well for 4 years and then you finally get it that you can't be profitable or know something nobody else knows? Cause that's what I'm hearing and it's an ignorant way to look at things.
Robonacci com
  • #122
  • Dec 10, 2007 8:22am Dec 10, 2007 8:22am
Skunny,

Could we somehow get you to be foolish enough start another thread of your own? We promise to help run interference for you.

If not, then what's a good source on Gann lines?

And, maybe a little more on how you use the Momentum indicator, just for fun. I do love indicators and programming. But, I don't trade them either.

edit: don't misunderstand me, I don't mean to run you off. It just seems you have more than enough to offer to put it in its own thread for those that aren't tone deaf.
  • #123
  • Dec 10, 2007 8:30am Dec 10, 2007 8:30am
JonhW I know you are here read these posts. Write something!

Tells us I am wrong, then I gonna leave this thread.
Trainee at UBS Investment Banking
  • #124
  • Dec 10, 2007 8:59am Dec 10, 2007 8:59am
Quoting th_ngue21
JonhW I know you are here read these posts. Write something!

Tells us I am wrong, then I gonna leave this thread.
So, you've chosen - he owes you something.
Robonacci com
  • #125
  • Dec 10, 2007 8:59am Dec 10, 2007 8:59am
Quoting th_ngue21
Yup, true, but he trades the futures market. We trade the Forex or an interbank system. Forex PA is different than the futures market.

PA is PA.
  • #126
  • Dec 10, 2007 9:04am Dec 10, 2007 9:04am
Quoting blueruby
Skunny,

Could we somehow get you to be foolish enough start another thread of your own? We promise to help run interference for you.

If not, then what's a good source on Gann lines?

And, maybe a little more on how you use the Momentum indicator, just for fun. I do love indicators and programming. But, I don't trade them either.

edit: don't misunderstand me, I don't mean to run you off. It just seems you have more than enough to offer to put it in its own thread for those that aren't tone deaf.
I'll give it some thought Blue. I still think having a thread that can only be viewed by deserving helpful people is best. But I realize that can't be accomplished in a public forum.

There isn't any information I'm aware of on the use of Gann line projections. I searched high and low. I was hell bent on figuring them out and as a result I found patterns and different ways to us them.
You can be extremely profitable trading this way.
Robonacci com
  • #127
  • Dec 10, 2007 10:03am Dec 10, 2007 10:03am
Quoting SKUNNY
So, you've chosen - he owes you something.
We will see. This could be fun!

Trainee at UBS Investment Banking
  • #128
  • Dec 10, 2007 10:08am Dec 10, 2007 10:08am
I hope most people reading this thread understand how absurd it is.

Let me sum it up in case someone missed it:

Original Poster:

"I found the Holy Grail of trading after losing consistently for 4 years and I say so because I have managed to be profitable for the past 6 months. My way is awesome, but all I can tell you is that I don't really use indicators.

Now you know you don't need indicators to make money."


Give me a break. This is nothing new and exciting. This is just as legitimate as if he were to post "I figured out a way to be profitable doing XYZ with ABC indicators."

My point? IT DOESN'T MATTER HOW YOU MAKE MONEY SO LONG AS YOU DO SO.

This can be accomplished 10,000,000 different ways, indicators or not.

The original poster dumped on those who offer trading mentoring which I take personal offense to.

Besides, I would hardly say I found the Holy Grail to trading after only 240 trades.

I think the original poster has gotten his first real taste of trading success and is being fooled by randomness. Sure, he may be onto something that works for him, but again, 240 trades isn't really statistically significant over the long term.

Over my first 240 real money trades I literally made over a 200% gain in just a few months. And sure, I thought I knew what I was doing REALLY well. I later learned to measure success over a much broader timeframe.

With all due respect to the original poster (even though he dissed part of my profession), he should really wait and see what happens over the next 240 trades before selling (not monetarily) this dream to those looking for answers.

JohnW, I sincerely hope you found something that your trading personality can use effectively.
  • #129
  • Dec 10, 2007 10:40am Dec 10, 2007 10:40am
Here is food for thought, one prominent forex educator, when his student came to him upset and complaining that he has had 97 consecutive losses, the teacher said "you are sitting on a gold-mine and do not even know it. If every time you trade you lose, then you obviously have a very accurate system but you are seeing things in reverse, just trade the opposite direction when you get one of your signals. Better yet trade a small account your regular way and just let your brother trade the large account entering positions opposite yours. That way when you lose on your little account, you are making a bundle on the large account"
  • #130
  • Dec 10, 2007 10:48am Dec 10, 2007 10:48am
Quoting digimix
"...If every time you trade you lose, then ... just trade the opposite direction when you get one of your signals...."
If it was that easy 95% of all the losers would be billionaire. As I said I strongly believe that entries are not that much important. It is how you manage the positions. That is key.
.Ubeee.
  • #131
  • Dec 10, 2007 10:49am Dec 10, 2007 10:49am
Quoting JFX81
I hope most people reading this thread understand how absurd it is.......


......With all due respect to the original poster (even though he dissed part of my profession), he should really wait and see what happens over the next 240 trades before selling (not monetarily) this dream to those looking for answers.

John,

With all due respect, I ask you the following:

You advertise (on your site) a 140% return on investment over a 12 month period. I assume you state this in an effort to suggest to people that you "might" be able to repeat this in their accounts.....right? And; you make your claim in an effort to increase your INCOME by managing their account.....you have motive.

OK.....nothing wrong with that. That is what free enterprise is all about.

JohnW says he has something great.....a discovery that he wants to share.....he is willing to drop some hints to help those who are sincerely searching......his methods may work for some.....others are free to ignore what he has to say and move on......and he does this free-of-charge.

I guess the rub for me here is that you "feel" that 12 months of trading results is sufficient for you to solicit others peoples money for a fee but that 240 trades is not sufficient time for JohnW to claim that he has found something special that he is willing to talk about for no cost.

You feel he "dissed" your profession......you call his thread "absurd"......everyone is even now.

Please.......don't misunderstand. I am not knocking you at all. Just thought I saw a little bit of hypocrisy.....we all do that from time to time.....especially me!

To JohnW and Skunny: Thanks for what you are sharing here. Please do not let a few naysayers detract you from what I assume was your original intent.....to help point some open-minded, sincere traders in the right direction. I look forward to whatever else you wish to share!
  • #132
  • Dec 10, 2007 10:53am Dec 10, 2007 10:53am
What is the website?
Trainee at UBS Investment Banking
  • #133
  • Dec 10, 2007 11:01am Dec 10, 2007 11:01am
Quoting digimix
Here is food for thought, one prominent forex educator, when his student came to him upset and complaining that he has had 97 consecutive losses, the teacher said "you are sitting on a gold-mine and do not even know it. If every time you trade you lose, then you obviously have a very accurate system but you are seeing things in reverse, just trade the opposite direction when you get one of your signals. Better yet trade a small account your regular way and just let your brother trade the large account entering positions opposite yours. That way when you lose on your little account, you are making a bundle on the large account"
I like this one! Funny and somewhat true.

Setting stop losses is the biggest problem. This craziness of "you need a stop loss" is killing a lot of good trades.If you 're not sure where to put a stop, don't pull the trigger. The stop area could be 100 pips from your entrance. The key to trading is to enter as close as possible to the stop area.

The brother wouldn't get it right either if he set stops the same way. To utilize the market efficiently (when you can) hedge. Stops are good if... 1) you know where to place them (NOT A NUMBER OF PIPS) or if you need to be away from your trade.
Robonacci com
  • #134
  • Dec 10, 2007 11:12am Dec 10, 2007 11:12am
Setting stop order is much harder than an entry orders.

First, you have to known the avarage volatility of a currency.
Second, place a stop at a breakout area!
Third, you have to known a stop is a part of a trading system. Not a failure!

This is a part of my contribution here in this thread
Trainee at UBS Investment Banking
  • #135
  • Dec 10, 2007 11:26am Dec 10, 2007 11:26am
Quoting th_ngue21
Setting stop order is much harder than an entry orders.

First, you have to known the avarage volatility of a currency.
Second, place a stop at a breakout area!
Third, you have to known a stop is a part of a trading system. Not a failure!

This is a part of muy contribution here in this thread
Now thats the spirit ! Join in with some contribution. I love it!

However, I disagree.
1)average volatility or daily range or any other average has no place in a trade. You can't trade with average information. Remember the average trader isn't successful.
2) break out areas are dangerous stop areas. Stop areas aren't defined by obvious S/R areas, as these areas often get retested and breach in the opposite direction.

3) stops are widely known as part of a system and we are told to suck it up and move to the next trade. But it's wrong.

Your stop needs to be in a place where if price gets there you are prepared to take the trade in the opposite direction. If your stop isn't in such a spot I suggest not entering the trade.
Robonacci com
  • #136
  • Dec 10, 2007 11:35am Dec 10, 2007 11:35am
Quoting SKUNNY
Now thats the spirit ! Join in with some contribution. I love it!

However, I disagree.

Your stop needs to be in a place where if price gets there you are prepared to take the trade in the opposite direction. If your stop isn't in such a spot I suggest not entering the trade.
Whoa! Now I disagree. It's all a matter of your trading style.

I trade with the major trend. If I get stopped out of a long trade on a pullback, I'm going to wait for a bottom and reverse and go long again, if that is a good trade at that time. I only trade one direction, that's what works best for me. With my trading style, just because I exit a long trade does not mean there's a setup to go short.
  • #137
  • Dec 10, 2007 11:38am Dec 10, 2007 11:38am
Quoting SKUNNY
Now thats the spirit ! Join in with some contribution. I love it!

However, I disagree.
1)average volatility or daily range or any other average has no place in a trade. You can't trade with average information. Remember the average trader isn't successful.
2) break out areas are dangerous stop areas. Stop areas aren't defined by obvious S/R areas, as these areas often get retested and breach in the opposite direction.

3) stops are widely known as part of a system and we are told to suck it up and move to the next trade. But it's wrong.

Your stop needs to be in a place where if price gets there you are prepared to take the trade in the opposite direction. If your stop isn't in such a spot I suggest not entering the trade.
I have been +225% ROE this year. How could you say that?

I agree. If you trade the breakout methode, my stops system donīt like you.

My stops system are based on my TOP/BOTTOM trading system.

There are several ways to calculate standaard volatility on a currency.
Standard Volatility Deviation is for me: (avarage loss/true win) = (true loss/true win). I have used this volatility to make a decission how to create stops size.

Another contribution from me
Trainee at UBS Investment Banking
  • #138
  • Dec 10, 2007 11:48am Dec 10, 2007 11:48am
Quoting blueruby
Whoa! Now I disagree. It's all a matter of your trading style.

I trade with the major trend. If I get stopped out of a long trade on a pullback, I'm going to wait for a bottom and reverse and go long again, if that is a good trade at that time. I only trade one direction, that's what works best for me. With my trading style, just because I exit a long trade does not mean there's a setup to go short.
Sorry if I wasn't clear. I'm not saying keep your stop at the same point from which you had placed it when you entered the trade. Once the trade is in motion you need to protect your profit by finding a new place for your stop. (on smaller time frames from which you entered) This would get you in and out of a larger trend but also put you in a position for a reversal.

I'm talking about entering a trade. So I'm thinking you don't disagree now or do you
Robonacci com
  • #139
  • Dec 10, 2007 11:55am Dec 10, 2007 11:55am
Quoting th_ngue21
I have been +225% ROE this year. How could you say that?

I agree. If you trade the breakout methode, my stops system donīt like you.

My stops system are based on my TOP/BOTTOM trading system.

There are several ways to calculate standaard volatility on a currency.
Standard Volatility Deviation is for me: (avarage loss/true win) = (true loss/true win). I have used this volatility to make a decission how to create stops size.

Another contribution from me
I'm sure you do just fine making all kinds of money. I'm happy to hear that and it tells others it is possible. Just because a trader is making money, it doesn't mean he really understands why he is making money.


Ponder this, when you have a bad trade do you know why? I do, I'm not tooting my horn here (on purpose) but if you have a system where you can't figure out why, you have more work to do. That's why we are here discussing this stuff
Robonacci com
  • #140
  • Dec 10, 2007 12:07pm Dec 10, 2007 12:07pm
Quoting blueruby
Whoa! Now I disagree. It's all a matter of your trading style.

I trade with the major trend. If I get stopped out of a long trade on a pullback, I'm going to wait for a bottom and reverse and go long again, if that is a good trade at that time. I only trade one direction, that's what works best for me. With my trading style, just because I exit a long trade does not mean there's a setup to go short.
The broader point I'm trying to make Blue is this,

You trade with the trend. A trend is defined by which time frame you trade. Why don't you want the other 1000's of pips that aren't with the major trend? Going against the trend isn't something I advise to those not educated on how to do it BTW. You need to trade with what your comfortable with and while your all comfy with what your doing you can figure out how to be perfect

DISCLAIMER TO ALL :Just because I say things that don't work with your current systems doesn't mean I'm wrong or right. I'm just trying to adjust your mind to think outside the box, that happens to be filled with 95% losers. The way I see it, the loser box is full and we need to start a new box for the winners.
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