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The Holy Grail - Found

  • #661
  • Edited Feb 15, 2008 10:13am Feb 14, 2008 9:14pm | Edited Feb 15, 2008 10:13am
Here's a setup on eur/chf 1.6045, trigger point 1.6038. Down bias on daily chart, 20 TP 30SL.

For the newbie's, put a simple moving average 50 and 100 on your daily chart (easy to do) to see the correct direction they indicate. If you don't know how to do it, call Interbankfx and ask them to show you, they never ask who you are, they just answer your questions (good guys). 1-801-930-6800 ext 1 24hrs

Update: This trade sailed for over 20 pips, stress free.
  • #662
  • Edited Feb 15, 2008 10:11am Feb 14, 2008 10:13pm | Edited Feb 15, 2008 10:11am
Here's a setup on eur/usd 1.4648 trigger point 1.4652, you may want to watch this one and bail out if it goes negative.

Also, if you like to live dangerous, there's a setup on Gbp/Jpy at 211.90

Have Fun!!!!

Update: Both trades triggered successfully, 30 and 50 pip (g/j) stops were safe. Both trades ran for much more than 20 - 30 pips.
  • #663
  • Feb 15, 2008 4:24am Feb 15, 2008 4:24am
Quoting FXNorm
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.
This doesn't make sense to me. John, where are you?

If you're using a bid chart as the setup for a breakout, you have to remember that for a buy, your "line" is really offset by the spread, as is everything on the chart. On a sell, it isn't.

So why would one use the same rule for each?
  • #664
  • Feb 15, 2008 8:20am Feb 15, 2008 8:20am
Nice one here, just got out. tkx Norm as I wasnt checking this chart, nearly missed it. 5 pips to you.


Quoting FXNorm
Here's a setup on eur/chf 1.6045, trigger point 1.6038. Down bias on daily chart, 20 TP 30SL.

For the newbie's, put a simple moving average 50 and 100 on your daily chart (easy to do) to see the correct direction they indicate. If you don't know how to do it, call Interbankfx and ask them to show you, they never ask who you are, they just answer your questions (good guys). 1-801-930-6800 ext 1 24hrs
  • #665
  • Edited 10:10pm Feb 15, 2008 10:00pm | Edited 10:10pm
[quote=clockwork71;1851510]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.
Hi clockwork,
Is there any exceptions to the rule?
...just reading the interview with Mark Weinstein... appears to have found his Holy Grail.
Claims to have turned 100k into over 900k in 3 months in an options contest (verified with 100% winning trades)..

goes on to imply that his win ratio is around 99% trading all markets (pg 336).
.....inspiring to say the least.

I'll keep on pluggin away ;>

David
He who gives away what he can not keep Gains what he can not lose
  • #666
  • Feb 16, 2008 9:16am Feb 16, 2008 9:16am
Don't get me wrong, I am not trying to discourage you guys......just jumped in when I saw that.

And, options are a fixed risk, which a bit different I would believe.

I read quite a bit through this thread, but must have never got to the meat and bones of whatever the "system" is. I think I gave up after a handful of pages of nothing.

None the less.......good trading to all!

Clockwork

[quote=4xtr8r2b;1854554]
Quoting clockwork71
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.
Quoting clockwork71
Hi clockwork,
Is there any exceptions to the rule?
...just reading the interview with Mark Weinstein... appears to have found his Holy Grail.
Claims to have turned 100k into over 900k in 3 months in an options contest (verified with 100% winning trades)..

goes on to imply that his win ratio is around 99% trading all markets (pg 336).
.....inspiring to say the least.

I'll keep on pluggin away ;>

David
  • #667
  • Feb 16, 2008 12:08pm Feb 16, 2008 12:08pm
Actually, the Instructions are on page 17, the rest of the posts are just reading material and should be skipped over, including most of mine.

It would be a good Idea if John would place the instructions on page 1. I believe the edit option stays open on the first post. That would save folks
having to dig thru endless posts that don't add a whole lot to this method, and would eliminate the need for this type of post. Most folks probably give up long before reaching the "meat and bones" of this method.

Or, to save time, just read JohnW's recent posts.
  • #668
  • Feb 22, 2008 11:33am Feb 22, 2008 11:33am
A whole week without a single post...I guess this thread is dead. Just as I was getting my hand on this......This is sad.

MAxwells
  • #669
  • Feb 22, 2008 6:48pm Feb 22, 2008 6:48pm
Quoting maxwells
A whole week without a single post...I guess this thread is dead. Just as I was getting my hand on this......This is sad.

MAxwells
It's still active thread.

I assume the thread starter is updating his system document and someday
he will post it {As he promised}.

Sorry for my bad English.

FxHadji
  • #670
  • Feb 22, 2008 8:55pm Feb 22, 2008 8:55pm
Quoting FXNorm
Actually, the Instructions are on page 17, the rest of the posts are just reading material and should be skipped over, including most of mine.

It would be a good Idea if John would place the instructions on page 1. I believe the edit option stays open on the first post. That would save folks
having to dig thru endless posts that don't add a whole lot to this method, and would eliminate the need for this type of post. Most folks probably give up long before reaching the "meat and bones" of this method.

Or, to save time, just read JohnW's recent posts.
Hi FXNorm,

Quick question from Newbies.

Is there an existing indicator that will help the newbies to identify
the S/R that specifically being discuss in this thread forum?

If there is none. Would there be a kind coder to make such indicator,
Please. ( I tested some S/R indicator but none of them conform of what being discussed on this forun).

Pls ignore my bad grammar english.

Thanks to JohnW and to everyone,

FxHadji
  • #671
  • Feb 23, 2008 7:15am Feb 23, 2008 7:15am
Quoting maxwells
A whole week without a single post...I guess this thread is dead. Just as I was getting my hand on this......This is sad.

MAxwells
Hello traders;

For those looking for a complete document, I won't be preparing one. I have devulged everything that I would have put into a document inside this thread. I have received many PM's from traders wanting me to tutor them, and after April 1 I wil be able to take on more students. To BlueRuby, FXNorm, and Tex123, thanks for keeping this thread alive. You clearly have thought through what I have posted and grasped what I was trying to convey. I still only trade this method, and I have stopped trading for the month having exceeded my monthly goal. I am +18% for the month. My last trades were a short on the USD/CHF and a long on the EUR/USD this past Thursday. Both took a little longer to hit target than I liked, but they were wins nonetheless.

To those critical of this thread, thanks also to you for your criticism. Your posts have helped me confirm the validity of my trading method. I can rest easy knowing that I have made a free and valuable contribution to FF.

As for the future of this thread, the critics have declared it dead. I hope it is, because I really don't want too many traders knowing its content. If there is anything to be learned from the posts, both pro and con, it is that trading blindly off lagging indicators is fruitless despite what system vendors claim. My objective was to contribute to their demise by getting traders to think about trading from a logical perspective and to realize that system vendors offer nothing but false hope. There really is nothing more for me to contribute. Now is the time take what I have posted and grow an account.

Best trading to all.

JohnW
Chance favors the prepared
  • #672
  • Feb 23, 2008 9:49am Feb 23, 2008 9:49am
Hi JohnW

I want to learn more from a Good kind hearted trader like.

But it looks like your recent post is the same as saying farewell.

I learn good things in this forum.

Thank You JohnW,

Hava A Good Health,

Grateful for you,

Hadji
  • #673
  • Feb 23, 2008 10:05am Feb 23, 2008 10:05am
Quoting FXNorm
Hi Tex123,

I'm sure the posters to this thread appreciate your comments. Your results
will improve greatly, stay tuned.

We will be placing live calls from time to time so that all that want to participate and learn JohnW's Holy Grail system can. I personally
think this method is one of the best in FF and I've read over 20,000
posts. So, save your energy (spend it with your family) and check
back here for some exciting trading in the coming days.

One thing of note: This is a direct quote from JW - "I Don't pay too much attention to the MA's I have on my chart"

If you have a live account (nanno, 1 penny a pip,or micro, 10 cents a pip) you may want to concentrate more on finding the breakout zone, than on the trend bias. The trend bias can be the most confusing part of this method for newbie's, and you really don't need the Ma's on your chart as you learn, you don't need a perfect trend and bias to make money with breakouts. Believe me, stop runners could care less about a perfect trend. A perfect tend will increase your win percentage, but setups can be scarce at times. If you find what you think is a breakout zone, post it here (we don't bite) you may be helping, and the more the merrier.

Hi FXNorm

I've been following you all long thank you for your kind contribution and thanks to John for stimulating us to think for ourselves and disclosing his method.

Well as a newbie I have a question and I an hopeful you or in other of the kind folks in here could address it.

My question is this .... "isn't it more important how many pips we collect at the end of the month rather than how many times we are right?"

For example would it not be more profitable (key word here is profitable) if we followed a system say like the 5min scalp technique or the Supernova or any other method for that matter where the number of trade opportunities are more with a reward to risk ratio of above 1, even though the win percentage is lower than John's method of 97%?

My basic point is "whats more imp then the number of wins or successive wins or number of trades, is the number of pips you collect at the end of the day? In this respect wouldn't one of the above systems (despite working with indicators) clearly be a better choice in terms of profitability?

I would like to say this is a sincere question and I have no intention to hurt anyone's feelings or undermine the great work all of you are doing.

I hope I was able to explain my question and although it may be very basic I very much request you guys to give me your opinion on this?

Thanks

fugly
  • #674
  • Feb 23, 2008 10:07am Feb 23, 2008 10:07am
Neato...
  • #675
  • Feb 23, 2008 6:21pm Feb 23, 2008 6:21pm
Well I found an interesting post made at another forum in may 2006, its has an uncanny resemblance to what John has just been telling us .... perhaps after all he has found the grail .....

Quote
I have been a professional for years, I've run commodity pools/small investment organizations, multi-city enterprises. Our returns were consistently above 50% per month.

I have won and lost like the rest of us. I am at the top of the game right now, yet am facing the end of my days possibly so I want to share a few insights to help those of us who strive to achieve all we can for those we love.

1. There is no magic indicator. You must learn to perceive price.
2. Big money runs stop areas (runs price up slightly above recent highs momentarily to collect pips, and runs price below recent lows momentarily to collect pips ..... like a religion ... its too easy when you have the money to move the market, its like playing checkers to them).
3. Perceiving price involves being able to visualise median without the use of a moving average.
4. Place orders above/below recent highs/lows depending on the perceived median price.

5. Worst case scenario in this way is you will have at least a small retrace where you can close a loss and run with the trend with a new order.

6. DMI/ADX will make you a statistic.
7. Stochastics are less capable than the naked eye and become wrong.
8. MACD is often wrong once a run has been made. The momentum dies but the direction does not, and MACD takes the shift in momentum as a directional change. It will stab you.

This may sound a bit silly but its true. The best martial artist is one with perception. He is above the game.

My best to all.
  • #676
  • Feb 24, 2008 5:51pm Feb 24, 2008 5:51pm
Those of you that criticise indicators most probably
cannot use them properly.
Indicators are the ones that give winning edge in pips game.
screen action instead of price action
  • #677
  • Feb 24, 2008 7:24pm Feb 24, 2008 7:24pm
Could someone please answer my question
  • #678
  • Feb 24, 2008 8:31pm Feb 24, 2008 8:31pm
Quoting fugly
Well I found an interesting post made at another forum in may 2006, its has an uncanny resemblance to what John has just been telling us .... perhaps after all he has found the grail .....
fugly, please give credit to the poster; include the link if possible. Some of us might go looking for him/her, and also to see if he/she's still around....
  • #679
  • Feb 24, 2008 8:34pm Feb 24, 2008 8:34pm
Quoting fugly
Well as a newbie I have a question and I an hopeful you or in other of the kind folks in here could address it.

My question is this .... "isn't it more important how many pips we collect at the end of the month rather than how many times we are right?"

fugly
No. If you are using proper money management, then your pips will have different value on different trades. For example, I finished last week down 1 pip, but made a profit.

The only thing that matters is the % increase in the account, and yes, that's more important than the number of times you're right.

Do I keep stats? Yes, daily, I log/calculate:

No of trades
No of profitable trades
pips gain
pips loss
$ gain
$ loss
net pips
net gain/loss
% gain/loss

For the week:

Net pips
Avg pips per day(has no meaning, I used to try to make 20 per day every day, wasn't using proper mm)
% good trades
% gain/loss for week

Monthly:
% good trades
Avg. profit
Avg. loss
Expectancy
Profit / Loss
% gain /loss
  • #680
  • Feb 24, 2008 8:56pm Feb 24, 2008 8:56pm
Quoting blueruby
Do I keep stats? Yes, daily, I log/calculate:
For G0d's sake Blue. With all that Research And Expenses/Revenue Tracking S#it, it sure looks like your tryin' to turn this Vid Game into a Job.
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