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The Holy Grail - Found

  • #641
  • Feb 11, 2008 8:00am Feb 11, 2008 8:00am
Quoting blueruby
3 clear taps at 107.23, downtrend, down bias.

Another good one, per John's rules.
Good Call, Blue

I missed that one, I had my chart set on 4h dint notice it. Best way to have played it is to put the sell stop on and go to bed like John suggests.
That avoids the cold feet.
  • #642
  • Feb 11, 2008 11:04pm Feb 11, 2008 11:04pm
Keep an eye on Gbp/Jpy 208.77 counter trend break of a trendline, short term dbl top, 61 fib and 100 ma. all in the same area. Could go for 50 or so pips. Bail out quick if price drops below 77
  • #643
  • Feb 12, 2008 2:01am Feb 12, 2008 2:01am
Quoting FXNorm
Keep an eye on Gbp/Jpy 208.77 counter trend break of a trendline, short term dbl top, 61 fib and 100 ma. all in the same area. Could go for 50 or so pips. Bail out quick if price drops below 77
Nice. Missed that one while I slept.
  • #644
  • Edited 2:20am Feb 12, 2008 2:02am | Edited 2:20am
Quoting FXNorm
Good Call, Blue

I missed that one, I had my chart set on 4h dint notice it. Best way to have played it is to put the sell stop on and go to bed like John suggests.
That avoids the cold feet.
"Cold feet", that's funny. I forgot I wrote that, and meant it literally at the time. When I read your post I took the figurative meaning, lol! Both fit!
  • #645
  • Feb 12, 2008 2:21am Feb 12, 2008 2:21am
Nice countertrend on the U/J. I'm not biting, I fear the fakeout.
  • #646
  • Feb 12, 2008 4:21pm Feb 12, 2008 4:21pm
Please, keep this thread alive, for once i m getting positive result with a method.

Maxwells
  • #647
  • Edited 5:12am Feb 13, 2008 3:52am | Edited 5:12am
Quoting maxwells
Please, keep this thread alive, for once i m getting positive result with a method.

Maxwells
Hi Max, Not only will this thread not die, we will start refining the calls to include proper bias and to have the trades coincide with London and New york markets for the highest percentage of winning trades. We just need to be patient while the setups develop.

To meet the above requirements, trades will have to be selected that have all the qualities required to be successful.
Example: Best setups over a 2-3 day period that will attract all the market participants required to make the trade work properly (stop hunters, shorts/longs in place and new players ready to buy/sell to fuel the
breakout.

We all will get better at this over time, and John's method should not only prove profitable, but will be very easy to learn and follow.

The Advantages of His Method are:

1) Knowing the exact entry point.
2) Knowing the exact minimum exit point.
3) Knowing the exact stoploss placement area (30 pip or s/r area.
4) Knowing the DIRECTION of price movement.
5) Picking the best markets to execute the trade (London,New York)
6) Not having to watch the trade, set and forget.
7) Knowing the win percentage is extremely high.
8) Knowing most trades will be stress free, due to the high win percent.
9) Knowing trades will work in all types of markets, ranging or trending.
10) Using a much higher percentage of working capital than 1-2%
11) Knowing trades will be low risk.
12) And best of all, building CONFIDENCE

So be Greatful that you found this method that JohnW chose to share with you.

Most, if not all of the methods on this forum have been tried by the 30,000 members here and I believe the stats prove that the vast majority are not successful, regardless of how popular the threads are. And simple breakouts are also not successful, so, special "selected" breakouts will be the only way to profit, as JohnW has shown.

This method is predicated on the Big Banks hunting their own customers and weak traders close in stops. When Bank Traders for these Big Institutions need to make a profit for themselves and the banks they work for, they zero in on the easy pickins of all the stops that are placed at certain levels. Sorry to say, the market isn't as honest as we'd like to think, and the sooner you start to think like those Incredibly High Paid Individuals, the sooner you will become successful also.
  • #648
  • Feb 13, 2008 4:18pm Feb 13, 2008 4:18pm
Quoting FXNorm

Most, if not all of the methods on this forum have been tried by the 30,000 members here and I believe the stats prove that the vast majority are not successful, regardless of how popular the threads are.
So what kind of stats do we have for this thread/method?
  • #649
  • Edited Feb 14, 2008 9:31am Feb 13, 2008 4:30pm | Edited Feb 14, 2008 9:31am
Here's a setup, eur/cad 1.4500 trendline break, bias is down on the 4 hr chart. I prefer the 4 hour chart over the daily chart. This breakout could occur during the London session.

Update: Price didn't hit trigger point, trade discontinued.
  • #650
  • Feb 13, 2008 5:02pm Feb 13, 2008 5:02pm
I've never traded this pair and have no feel for it at all, so it's going on DEMO, as follows:

Trend down, bias down, on both 4H and D1.
4 bounces at 1.4517 on 30M
Sell stop at 1.4515
T/P 1.4495 (20 pips)
S/L 1.4545 (30 pips)

Again, I have no familiarity with this pair and am not risking real money on this trade and am not suggesting that you do so either. It appears to be rather volatile and a 30 pip stop is probably not wide enough. The t/p is below a round number so in a live account I would probably settle for t/p 15 pips unless I was awake to watch it unfold, which I won't be since I'm entering on a stop.
  • #651
  • Edited Feb 14, 2008 9:33am Feb 13, 2008 6:50pm | Edited Feb 14, 2008 9:33am
I'm watching a setup on eur/usd of a trendline break and a support area to the downside at 1.4535, entry would be 1.4529, usual TP and SL.

Update: Price didn't hit trigger, trade discontinued.
  • #652
  • Feb 13, 2008 6:54pm Feb 13, 2008 6:54pm
Quoting blueruby
I've never traded this pair and have no feel for it at all, so it's going on DEMO, as follows:

Trend down, bias down, on both 4H and D1.
4 bounces at 1.4517 on 30M
Sell stop at 1.4515
T/P 1.4495 (20 pips)
S/L 1.4545 (30 pips)

Again, I have no familiarity with this pair and am not risking real money on this trade and am not suggesting that you do so either. It appears to be rather volatile and a 30 pip stop is probably not wide enough. The t/p is below a round number so in a live account I would probably settle for t/p 15 pips unless I was awake to watch it unfold, which I won't be since I'm entering on a stop.
Hey Blue, you just missed entry by 1 pip, price hit 1.4516, I think your entry is a little close if your "hit" line is 1.4517, supposed to be "spread (8) + 2 would put entry at 1.4507 give or take a pip or two. GL with the trade, oops forgot this is a play money trade.
  • #653
  • Feb 14, 2008 1:33am Feb 14, 2008 1:33am
Quoting FXNorm
Hey Blue, you just missed entry by 1 pip, price hit 1.4516, I think your entry is a little close if your "hit" line is 1.4517, supposed to be "spread (8) + 2 would put entry at 1.4507 give or take a pip or two. GL with the trade, oops forgot this is a play money trade.
Entry was hit, trade is down 18 when last I checked.

Why would you add spread on a sell? The chart shows bid, sells are at bid, so the chart is the real picture.

On a buy, yes I would. Chart shows bid, buys are at ask, so it hasn't really broken out until it hits the line + 2 + spread.
  • #654
  • Feb 14, 2008 9:44am Feb 14, 2008 9:44am
Quoting twoblink
yes, but the fact that there is a Bill Gates means that it's quite possible.

Go buy "Market Wizards", they introduce a lot of people you claim to be impossible..

Sorry 2 blink, gotta step in here......

The people claiming to be "impossible" in the market wizards are also claiming along the lines of 20-30% a year return AT BEST.

This thread seems to be slowing down, and with good reason I am sure.
  • #655
  • Edited 12:09pm Feb 14, 2008 10:06am | Edited 12:09pm
Quoting blueruby
Entry was hit, trade is down 18 when last I checked.

Why would you add spread on a sell? The chart shows bid, sells are at bid, so the chart is the real picture.

On a buy, yes I would. Chart shows bid, buys are at ask, so it hasn't really broken out until it hits the line + 2 + spread.

John does say "My stop orders are spread +2 pips from the S/R level." meaning if 1.4717 is the s/r level the entry point would be, spread (8) + 2 = 1.4707 regardless where the asked is. I would never enter a breakout trade by only 2 pips. 2 pips isn't a true breakout in my estimation. If thats the case, 1.4707 was never hit, therefore there was no trade.
  • #656
  • Feb 14, 2008 11:26am Feb 14, 2008 11:26am
Quoting JFX81
So what kind of stats do we have for this thread/method?
Any stats would certainly help shed some light for those on the fence.
  • #657
  • Feb 14, 2008 1:52pm Feb 14, 2008 1:52pm
Quoting JFX81
Any stats would certainly help shed some light for those on the fence.
JFX81,

How about you try it yourself and gather your own stats? This would be the only proper way to make your own conclusion about the method. Dont depend on other people's efforts since your results may be completely different.

It literately takes about 10 mins a day to look at all the pairs and set the orders.
  • #658
  • Feb 14, 2008 2:29pm Feb 14, 2008 2:29pm
Yes I believe that there is a holy grail and it is available to anyone with the discipline and patience to find it.
Where most traders go wrong though is thinking that they can find it through someone elses system or indicator.
The Holy Grail is in us all and it is exclusive to the person that finds it.
You can't teach it but you can learn it.
Its taken me 7 years and 4 blown accounts to discover mine.
My eureka moment came when I realised that indicators are just PA displayed differently.
Then, when I developed a MM system that enables me to have 4(yes 4) times as many losing trades as winners and still come out on top, I knew I had arrived.
This may sound a bit deep or complicated but really its not, indeed its so simple I still can't believe its taken me 7 years to find it.

Steve

Trade in the Zone
  • #659
  • Edited 6:11pm Feb 14, 2008 2:35pm | Edited 6:11pm
Quoting araouf
JFX81,

How about you try it yourself and gather your own stats?
I don't trade this method and there hasn't been much effort on the thread to keep track of the actual winning % that people who practice this method are actually getting. The only real stats we have are a purported 97% winning percentage by the original poster but no verification of that statement. It certainly is possible that JohnW obtained those results and I am curious as to how well others are mimicking his strategy.
Quoting araouf
This would be the only proper way to make your own conclusion about the method.
The "only" proper way? Interesting contention, but I beg to differ, respectfully.
Quoting araouf
Dont depend on other people's efforts since your results may be completely different.
This statement has a lot of truth in it that a ton of newbies likely don't come close to getting. Glad you posted it!
Quoting araouf
It literately takes about 10 mins a day to look at all the pairs and set the orders.
Again, I am not trading the method and thought that those who are trading the method might be willing to let others know their experiences. I am perfectly content with my trading but if I see some hard numbers on this method it might persuade me to add this type of trading to my repertoire. It can only serve to help everyone.
  • #660
  • Edited 4:20pm Feb 14, 2008 3:53pm | Edited 4:20pm
I second JFX's notion.

I wouldn't mind seeing a simple overview of the "rules and setups" guide(again?). Or a reference to it..I think one post was pointed out as "containing everything you need to know", but then I read the most recent things what I see is more of a TL break and TBL / TBH breakdown thing..which I wouldn't say I read in posts before then/them. But maybe I just wasn't thorough enough. Sorry, I'm always semi-distracted lately and so many things to do :/

Maybe nomenclature is what's confusing me...you say stop loss run, I say trendline loss or TBL or s/r break or something Not sure.
Any kind of "enlightment" for the ones seeking light?

If not, I can always wait til March or what it was..

Toodles
Trust price. Know yourself.
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