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Your own HOLY Grail (and how you know you've found it) 19 replies

Developing the "Holy Grail" Trading System 4 replies

I may have found the Holy grail 75 replies

I think I found a holy grail. 17 replies

Attachments: The Holy Grail - Found
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The Holy Grail - Found

Quoting SKUNNY
By the time most figure out there is a trend, it is ready to pull back or reverse.
Elliot waves? First nice movement, almost anybody take advantge of it because were unaware... secound movement, some enter, some wait, nice movement... third movement, everybody "confirmed" the trend, everybody jumps, price start to retrace, the trade goes in wrong direction...
Ado Whether you believe you can do a thing or not, you are right.
Quoting SKUNNY
It's more fun to take part in the construction of the trend
Wouldn't that be predicting direction?

Or are you just saying recognizing it earlier, because that's a problem for me, as for most traders, I'm sure.
Quoting blueruby
Wouldn't that be predicting direction?

Or are you just saying recognizing it earlier, because that's a problem for me, as for most traders, I'm sure.
Ok, I should have left by now, but time for one more...lol

It's not predicting the trend per say, rather, it's more like you enter the market and never leave (if you want to). This is why being able to hedge is important. For instance, if you are in a trade for a 200 pip target, while you're reaching that goal, there are plenty of other swings(lower time frames) to conquer while on your original journey, thus creating a potential 500 pips. This is more common on pairs like GJ ,as GJ is manipulated by other market forces and often times takes side roads to it's target. Unless it's unwinding, then you make money really fast and you'll be in every big move. You could literally be in a trade 24 hrs a day.

I think most traders have the biggest trouble setting the goal (knowing where to set take profit). But thats another topic for another day. Take care, I really have to go now...lol.
Robonacci com
Quoting SKUNNY
Ok, I should have left by now, but time for one more...lol

I think most traders have the biggest trouble setting the goal (knowing where to set take profit). But thats another topic for another day. Take care, I really have to go now...lol.
SKUNNY! Are you JohnW?
Trainee at UBS Investment Banking
Hi JohnW,
I've been following this thread with interest. I am curious how the training with the 2 friends is coming?
Quoting lowell
Hi JohnW,
I've been following this thread with interest. I am curious how the training with the 2 friends is coming?
Me too, JohnW. Looking forward to that word doc, hoping you decide to do it.
Quoting Angler
Hi...


Well at the time of the previous post the thread starter was active on FF...he just did not see fit to contribute to the thread he started and with all the postings since his last post....well......does that tell you something...

And for the person who said get past the ....Holy Grail thing...

Sorry I cant.......it was the "attention" getting name and mentioned in the first post ......so it served its purpose well... to get "attention".

LOL again. The purpose of my initial post was to draw attention to the fact that once you realize that there is no indicator (or set of indicators) that works as system vendors claim, you are on the way to successful trading. Indicators are derivatives of PA, so why not make trade decisions off of PA? Does that make sense?

I am giving my system away for free (JFX81 – will you?) because this forum and those who also gave their time and advice for free have helped me greatly. Even those that flamed my and others posts helped to stimulate thought. I can not overemphasize the benefit of this and my gratitude.


The fact is that I have found my “holy grail”, it may not be your “holy grail”, but if you listen to many of those who post here, think about what is said in proper context, and think about what should work and why, you could design your own holy grail. Many successful traders have done just that. The key is that once you believe in it, it is easy to follow it with discipline.


I have finished the first draft of the .doc file mentioned in an earlier post. I will be sending it to a few posters to this thread for evaluation and comments. I am not looking to put together some slick trading program with lots of charts/examples, hype, or theory for eventual sale. My objective is to make it somewhat comprehensive so that nearly all forex traders with some experience will be able to understand it and trade with it. It will not be for newbies. However, I still believe that the best way to train traders is to do it person-to-person in front of a live trading platform.
Chance favors the prepared
Quoting bobblong
Before you go accusing people of things you should know that this thread was moved here by a moderator
thats rigth bob

anything with "holy grail" or "300 pips per day" type titles gets moved into the beginner section, because only a novice trader would put such a thing in their title. plus we cant have such titles showing on the homepage, it makes FF look like a foolish BS trading site.
Relax and be happy.
JohnW, thank you for persisting with your contribution despite the skepticism. I would love to review a copy of your .doc when finished and give you the feedback asap. Thanks again for the consideration.
Quoting pfdtrader22
JohnW, thank you for persisting with your contribution despite the skepticism. I would love to review a copy of your .doc when finished and give you the feedback asap. Thanks again for the consideration.
Claimed 97% win rate kind of does that.
Quoting JohnW
The Holy Grail……..Found


The primary requirements for successful live forex trading are courage and patience. The market is made up of traders with varying strength. This last statement is the key.
Hi JohnW

Congrats on your discovery.

I am presuming that the traders of varying strength arrive when the markets open in Tokyo, London and New York.

I have seen similar occurences with S&P Futures and S&P index on my spreadbetting platform.

I am keen to find out entry criteria of your method and whether it is a straddle/hedge across S/R levels.

Great win rate and simple methods are most often the best.

Keep up the good work

Frank
Quoting JohnW
I have finished the first draft of the .doc file mentioned in an earlier post. I will be sending it to a few posters to this thread for evaluation and comments. I am not looking to put together some slick trading program with lots of charts/examples, hype, or theory for eventual sale. My objective is to make it somewhat comprehensive so that nearly all forex traders with some experience will be able to understand it and trade with it. It will not be for newbies. However, I still believe that the best way to train traders is to do it person-to-person in front of a live trading platform.
Please consider me as a second reviewe - Ill post my sincere opinion here if you wish, I'll use a translating service as English is not my primary language. I am just curious, 97% it looks very strange, and your system might be hard to follow without long training due to its discretional part. Thank you.
Quoting SunTrader
Claimed 97% win rate kind of does that.
I didn't mean to imply that none of us foster ANY skepticism in our heart, but in trading, as in life, we are not after the pursuit of skepticism, we pursue the possible, in all aspects and venues. And the only way to determine the possible, is to pursue, to seek. If you haven't read "Market Wizards" or "The New Market Wizards" (I forget which one), the section on Steve Weinstein might interest you.
Hi John,
I've spent 20 years trading and the last 5 learning.
The Holy Grail is :
If it works every week, don’t fix it.
I need help and as soon as I see a 'managed fund' with a 'profit every week' record, they get my retirement funds to trade!
George
Quoting pfdtrader22
I didn't mean to imply that none of us foster ANY skepticism in our heart, but in trading, as in life, we are not after the pursuit of skepticism, we pursue the possible, in all aspects and venues. And the only way to determine the possible, is to pursue, to seek. If you haven't read "Market Wizards" or "The New Market Wizards" (I forget which one), the section on Steve Weinstein might interest you.
Neither am I - I live in The Sunshine tate, the sun shines almost every day.

But did you read Merlin's comments including "because only a novice trader would put such a thing in their title".

Pursue the possible, but more importantly the probable.

Trading is always about the probabilities.
JohnW, whatever you do just please remember me. Send me the .doc file too. PLEASE!!
Quoting th_ngue21
SKUNNY! Are you JohnW?
Funny I think you know the answer now...lol

I'm sure JW will take good care of you guys now I'll be waiting to see how you guys/gals do. It should be fun to watch and help.
Robonacci com
All I really care to know is how big his stops are.
Quoting JFX81
All I really care to know is how big his stops are.

You want to know more than that......don't you? I want to know everything, regardless. The stops aren't important if the trade is good. You need to only trade the lot size in proportion to your acct size. Only risk 2%, if the trade is good almost every time, what's to lose? Just a thought.
Robonacci com
Quoting Skunny
You want to more than that......don't you? I want to know everything, regardless. The stops aren't important if the trade is good. You need to only trade the lot size in proportion to your acct size. Only risk 2%, if the trade is good almost every time, what's to lose? Just a thought.
Well, I would like to know more, but mainly I am wondering how large the stops are so as not to get stopped out by "noise" in the markets. If his stops are huge then a high winning percent is no big deal because it only takes getting stopped out a few times to wreck the account.
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