The Holy Grail - Found

Quoting tex123

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I have a sell stop at 1.9698.good S&R at 1.9704. gbpusd.

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Quoting FXNorm

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Tex - Your "hits" are too close together. The hits should be over a 2-3 day period for best results and at London or New York open. I'm taking plays during off-times just to see how it works.

Take a look at USD/JPY 109.74 level, thats the type of resistance level best suited for this method. I'm waiting for that level to be broken.

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Quoting JohnW

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The Holy Grail……..Found

I have been live trading forex exclusively for the last 4 years and losing consistently. I have spent thousands on what must be at least a hundred courses/systems. I even paid $2000 for a mentorship program from a trader that eventually was proven to be a fraud (I personally did the investigation). Nothing I ever tried worked consistently enough to generate the promised steady stream of income. I have read books from Douglas' "Trading in the Zone" to Horner's "Trading Forex" to Williams' "Trading Chaos". Nothing worked. I slowly have come to the decision that all forex system vendors/gurus are frauds (Birdwatching in Lion Country comes to mind).

Several months ago I purchased another valueless system that after purchase was found to be based on moving averages, Fibonacci, and divergences. Literally, at the same time that I felt duped again by purchasing this system, I had that famous "Ah-ha" moment that psychologists have talked about (and I never believed in). Quite suddenly I realized the correct way to trade. This epiphany was massively overwhelming. Since that day six months ago, I have solely traded my method, which incidentally uses only one indicator. Forget Fibonacci, forget pivots. How many more traders must proclaim that lagging indicators don't work before failing traders, like I was, believe them? I, for one, have passed that hurdle. I have had 6 losses in the 240 trades taken since I started using my method. Unquestionably, it is the Holy Grail (and they say it doesn't exist - HA!). It is both profoundly logical and simple. It is the result of subtle input from many systems that fail because they ignore the simple truth of who drives prices and they attempt to predict price movement. But these systems each had a kernel of truth behind them, and I suspect that these kernels of truth finally reached a critical mass in my brain that resulted in my epiphany.

For the first time I am consistently profitable using an approach that I did not have to buy and is way more logical than anything I have ever seen. I now trade without fear, quite a novelty. I needed to be exposed to (and fleeced by) trading mentors/gurus until I discovered that the Holy Grail does exist but no vendor will sell it. No vendor/mentor that I have come in contact with has anything even close.

The purpose of this post is not to tease readers into buying a system that I will be selling at a later date (the only valid way to train a student to trade a system is to do it 1-1 in person with a live account). Its purpose is only to let them know that the Holy Grail does exist and can be found by all that persist. I am no genius. Here is some advice to facilitate its discovery.

I have never found a system vendor or mentor that could prove he traded live. Think about that.
There is only one reason why a vendor/mentor won’t divulge a live account statement.

Monitor posts daily at the forex factory forums. Many have helped because they have stimulated thought. Think about what should work and why. Never stop thinking.

James16 forum is worth the money if only for one month. Of all the systems that I studied, his is closest to the Holy Grail. His forum could put you on the right path. Sorry, Dial, but PIN bars are not reliable enough for me, but PA is king.

The more expensive the system, the more money spent on its marketing than its content. The most expensive system I bought was a fancy 5/13EMA crossover with an RSI filter. It had very nice packaging, though.

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.

I hope this post was helpful. There is light at the end of the tunnel, but it is only for the determined few. With persistence, just when you get completely fed up with discretionary systems, arcane indicators, and blowhard fraudulent vendors/gurus, the fog will clear and you, too, will find the Holy Grail.

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Quoting twoblink

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I have a system that is not the Holy Grail, but maybe a Holy tea cup??

I rack like 3000+ pips a week. Does that qualify?

I use to post weekly results.. I'm not sure what "proof" you all will accept, because I think most of you have the mentality "If I can't do it, NONE OF YOU can possibly do it."

If you believe in what Ed Seykota says, most of you believe there is no holy grail, and thus you never find it, and thus you confirm what you already biasly think you know to be true.

"if it's the holy grail, PROVE IT!" Actually, I find this statement to be ridiculous, why don't you prove it's not? And when I prove it, will you believe me anyways? I doubt it. We all get what we want out of the market.. I wanted 4000 or so pips a week, and that's what I'm getting. Most of you want bitterness and a sour disposition, and that seems to be what you are getting in spades...

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Quoting SpongeWorthy

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This post has no value whatsoever. What is its purpose? It is just the author bragging about his (phony) results. Just like his journal. No purpose other than bragging.

Ignored

Quoting twoblink

Disliked

I have a system that is not the Holy Grail, but maybe a Holy tea cup??

I rack like 3000+ pips a week. Does that qualify?

I use to post weekly results.. I'm not sure what "proof" you all will accept, because I think most of you have the mentality "If I can't do it, NONE OF YOU can possibly do it."

If you believe in what Ed Seykota says, most of you believe there is no holy grail, and thus you never find it, and thus you confirm what you already biasly think you know to be true.

"if it's the holy grail, PROVE IT!" Actually, I find this statement to be ridiculous, why don't you prove it's not? And when I prove it, will you believe me anyways? I doubt it. We all get what we want out of the market.. I wanted 4000 or so pips a week, and that's what I'm getting. Most of you want bitterness and a sour disposition, and that seems to be what you are getting in spades...

Ignored

Quoting twoblink

Disliked

If at 15 a guy named Bill Gates says to you I'm going to be worth over $60Billion in a few years, you'd laugh at him too.

Ignored

Quoting JohnW

Disliked

The Holy Grail……..Found

I have been live trading forex exclusively for the last 4 years and losing consistently. I have spent thousands on what must be at least a hundred courses/systems. I even paid $2000 for a mentorship program from a trader that eventually was proven to be a fraud (I personally did the investigation). Nothing I ever tried worked consistently enough to generate the promised steady stream of income. I have read books from Douglas' "Trading in the Zone" to Horner's "Trading Forex" to Williams' "Trading Chaos". Nothing worked. I slowly have come to the decision that all forex system vendors/gurus are frauds (Birdwatching in Lion Country comes to mind).

Several months ago I purchased another valueless system that after purchase was found to be based on moving averages, Fibonacci, and divergences. Literally, at the same time that I felt duped again by purchasing this system, I had that famous "Ah-ha" moment that psychologists have talked about (and I never believed in). Quite suddenly I realized the correct way to trade. This epiphany was massively overwhelming. Since that day six months ago, I have solely traded my method, which incidentally uses only one indicator. Forget Fibonacci, forget pivots. How many more traders must proclaim that lagging indicators don't work before failing traders, like I was, believe them? I, for one, have passed that hurdle. I have had 6 losses in the 240 trades taken since I started using my method. Unquestionably, it is the Holy Grail (and they say it doesn't exist - HA!). It is both profoundly logical and simple. It is the result of subtle input from many systems that fail because they ignore the simple truth of who drives prices and they attempt to predict price movement. But these systems each had a kernel of truth behind them, and I suspect that these kernels of truth finally reached a critical mass in my brain that resulted in my epiphany.

For the first time I am consistently profitable using an approach that I did not have to buy and is way more logical than anything I have ever seen. I now trade without fear, quite a novelty. I needed to be exposed to (and fleeced by) trading mentors/gurus until I discovered that the Holy Grail does exist but no vendor will sell it. No vendor/mentor that I have come in contact with has anything even close.

The purpose of this post is not to tease readers into buying a system that I will be selling at a later date (the only valid way to train a student to trade a system is to do it 1-1 in person with a live account). Its purpose is only to let them know that the Holy Grail does exist and can be found by all that persist. I am no genius. Here is some advice to facilitate its discovery.

I have never found a system vendor or mentor that could prove he traded live. Think about that.
There is only one reason why a vendor/mentor won’t divulge a live account statement.

Monitor posts daily at the forex factory forums. Many have helped because they have stimulated thought. Think about what should work and why. Never stop thinking.

James16 forum is worth the money if only for one month. Of all the systems that I studied, his is closest to the Holy Grail. His forum could put you on the right path. Sorry, Dial, but PIN bars are not reliable enough for me, but PA is king.

The more expensive the system, the more money spent on its marketing than its content. The most expensive system I bought was a fancy 5/13EMA crossover with an RSI filter. It had very nice packaging, though.

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.

I hope this post was helpful. There is light at the end of the tunnel, but it is only for the determined few. With persistence, just when you get completely fed up with discretionary systems, arcane indicators, and blowhard fraudulent vendors/gurus, the fog will clear and you, too, will find the Holy Grail.

Ignored