The Big Dog Trading Secret

keep your eye on the pie

I now use the 5 and 8 MA on a three minute chart to scalp along with MacD and the slow stocks settings.

if you want, make sure that the 5ema is close and the 8ema open on your settings thanks

Hi tcmm

I am wondering if you will post the pivot indi that your template is using. It does not appear to be a default indi in my FXDD MT4 Platform. Currently the pivots on the chart are the same for every pair because indicator is missing. In pivot indi I have paints great big thick lines all over the chart - basically making it unreadable.

I would be most grateful.

Thanks again for a great system!

try these

Quoting Acko

Disliked

Hi Mr Hanover sir. David (if you don't mind), my favourite contributer to these pages.

Ignored

Acko, this system may well prove to be profitable, perhaps extremely so, and I totally agree that the only real way to find out is to test it. Like you, I’ve tested many methods outlined here on FF.

My skeptical nerve gets tweaked every time I see grand words like "holy grail", "top secret", "revolutionary", "big dogs" etc in a thread title. I’m not trying to pick on TCMM specifically, there are plenty of these kind of posts. Quite often it’s seemingly because somebody is implicitly trying to sell something, or perhaps make a name for himself. I asked TCMM where he got this info, hoping to find out how he knows that this method is actually used by the "big dogs", but he hasn’t answered my question. Fair enough, that’s his prerogative.

I’ve explained in an earlier post (#49) why I believe that indicators are potentially less "cutting edge" than pure price action, in determining possible reversal points. [Having said this, I know of at least one highly respected 1KT contributor here who’s a full-time pro trader, and has built an entry method solely around two indicators, that’s been consistently profitable for more than 3 years. Interestingly, he believes that exits contribute more to profit than entries. He doesn’t actively publish or promote his system (so please don’t ask). My point is: it’s possible to create a profitable system around either price action/line studies, or indicators, but I believe that the former is sharper. Of course there’s no reason why one can’t combine both.]

BTW – curiously, IMHO – nobody’s asked TCMM about his exits yet. I would also point out that no performance results have been published. Presumably this will happen soon.

I’ve noticed a pattern here on the "Trading Systems" forum. It applies to many systems. Somebody presents their entry (and possibly their exit/MM) method. Even before any trading results are published, a whole lot of folk say "wow, that looks awesome, thanks for sharing". Yet, despite all of this, over a period of several days, or even weeks, everybody posts suggestions on how to tweak the system. An EA is usually created for back-testing, and the parameters are varied as the tweaks dictate. If I sound skeptical, I apologize, but it’s because the more of these threads I read, the more confused I tend to become. Along the way, there are generally so many proposed variations to the original system, that it’s impossible to know which of these is likely to be the most profitable. In some cases, running the EA against different data sets produces significantly different results. Anyway, eventually the thread dies out, and I have to wonder why. Perhaps it’s because the system has been refined as far as possible, hence no more comment is necessary, or perhaps it’s because everybody else has become as confused about it as I did.

Having been down this path many times, I reached the conclusion that entry methods – no matter which indicators or line studies are used – fall into 3 main categories: (1) pullbacks in trends (like what is being proposed here); (2) reversals from OB/OS extremes, or in a rangebound market; (3) breakouts thru S/R or from congestion. All that varies is how early or late one times the entries in the move, and almost any indicator can be calibrated to achieve this. That’s another reason why I’m wary of indicators; many indicator-based systems seem to frequently be in need of re-calibration (i.e. re-optimization). That’s why I believe that entry is profitable because it’s based around a sound principle, as opposed to placing one’s faith in simply optimizing the numbers. Either that or because it is widely enough respected to create a self-fulfilling prophecy (see my post #49).

There's nothing wrong with using an EMA(200) to determine the trend; it's one of a million possible ways of doing so.

Again I would point out that I’m not specifically picking on TCMM or this thread. I know this post probably sounds negative, I don’t intend it to be. I’m just trying to explain my previous experiences where I’ve spent hundreds of hours testing trading systems that I couldn’t ultimately make work profitably for me, and hence the reasons for my skepticism.

I really hope that this is a profitable system, the way that it stands, and that the masses don’t attempt to tweak it too much.

Best wishes, from one Dave to another.

David

Stay Tune People I Will Reply To Hanovers Post

First Of All I Went To Hanovers Profile Under Trading
He Has No Experience It Says

Stay Tune

Second Of All We Know In Forex Factory The Threads Are Here For Free Not To Sell Only Working Together To Make Us Better Traders.
Then He Says Why I Don't Say How I Got The Method
Buddy Through Three Years Of Losing Money The Hard Way
Ever Hear Of Trail And Error
Its Years Of Trading

Stay Tune For More be back in awhile its supper up here in canada

hahaha

Here's the real "Big Dog Trading Secret"

I've used this thing for years and it's got 100% hit rate!
Get 500000% return a year using this method!

I made 64 million dollars trading with this indicator! It's what the big boys all use!

And here I'm sharing it with all you boys and girls out there for only $200 because I feel like I'm not making enough!

Indicator attached.
http://images.jupiterimages.com/comm...1/23278121.jpg

Jee, what's so hard about "hard work"?

tcmm nothing against you, but what you have is not a big dog trading secret. The title is misleading that's all.

TCMM, as I said in my previous post, I am not picking on you. I was just responding to Acko's post, explaining how I've tested several other systems at FF, and I haven't yet found one that meets my own expectation of what is profitable beyond "runs of good luck".

Apart from my prior experiences, I'm not being negative. I wish you every success with your system.

About my FF profile...... Well, I started out learning TA, and trading UK-based equity CFDs back in 2001. Between 2002-3, and ended up losing around 30% of my account, after which I realized I was doing something radically wrong, hence I closed the account. I started performing my own research, buying and trialing several different systems, to try to find out why they were profitable or not. I posted my findings on other forums, most especially Incredible Charts and Best Charts (both under the handle "david_louisson"). I reached the conclusion that price movement was too random to allow trading profitably with any degree of control or consistency (but I'm slowly revising that view). Up until then I'd spent around NZD 15,000 on systems, and otherwise furthering my trading education.

I'd pretty much given up, until a friend convinced me to give spot forex a try, in early 2006. I've run several demo accounts with different MT4-based brokers, tested systems presented here at FF, and also run a live account where I lost about 12% of the account in 3-4 months. I became totally confused, and burned myself out, trying to make all of this work. Now I'm back after a few months' rest.

By my own admission, I am the world's most unsuccessful trader.
But it's not through lack of trying. So why do I bother persisting with this? Because others say that it's possible to be long-term profitable, and I'm willing to believe them. Perhaps that makes me gullible, but I ain't giving up.... at least not yet. I'm 46, a retired analyst/programmer, and I've done everything else that I personally want to in life. Hence trading seems like a worthwhile challenge. (BTW, my last 2-3 weeks have been spectacularly profitable, but I've had lucky winning streaks before, so I'm not allowing myself to get too excited).

Take whatever you want from my posts. Feel welcome to ignore whatever is incorrect or irrelevant. Much of it is mathematically-based theory, and its value is eroded to whatever extent that price movement defies statistical analysis. I have nothing to prove, and no ax to grind. I don't want to waste your time replying, when you'd probably prefer to be developing and testing your own system.

I apologize, I'm not accusing you of trying to sell anything. It's just that many others have previously used grand language ("holy grail" etc) in their thread titles to seek out attention. Or so it would seem.

Friend, I wish you all the best, and I mean that sincerely. If, as you say, you've been through hard years learning how to trade profitably, then we both have something in common.
If you've been making money from news trading, then I'm extremely impressed. I don't have the nerve, let alone the knowledge, to trade those kind of spikes.

I'm sorry to hijack your thread with all of this personal stuff. You won't hear from me again, I promise.

David

Forex Trading Price Action

Even though the 200 EMA may be trending up on the hourly and 15
minute charts, make sure to observe the attitude of indicators like
MACD. If it is trending down, with good angle and separation
between it and its trigger line, wait for it to turn up into 'buy'
mode, before hitting the enter key. Just because the trend is up,
as reflected by the 200 EMA, you have to be patient, and wait for
the right entry point(s) - as price saw-tooths its way up the
chart.

The age-old truism in trading circles is: "Buy the dips in an
uptrend - sell the rallies in a downtrend." Use the 200 EMA to find
out what the true trend is, and then be like a fox in the bushes
waiting to pounce - ever so swiftly.

This is just one of the many Big Dog trading secrets we talk about
on a regular basis in the members See
you there - and at the top - and at the bank.





THE PROOF IS ALL HERE PEOPLE "CATEFUL" AND "HANOVER"
I THINK YOUR NOT GOING TO PUT THIS SYSTEM DOWN NOW ANY MORE

Woah! David, don't leave now. I'm sure all will value your experience and know-how. Thanx for the 'short' explanation!! Fully understood.

It would be nice now to return to the development of the thread/system as I for one have had another profitable day with the Big Dog, and that after a shaky start on the Euro.

Can call the system "the Leggy Blonde with big bazoomas" for all I care, as long as it works.

Thanx also tcmm

Dave

tc,
I'd remove those links if I were you. Against the rules probably.

THANKS ACKO TCMM

I have been enjoying this thread and have had some good trades based on the info. Anyone care to share what pairs you are using and what SL strategy? I have only used GJ so far.

Ah, "Cindy Margolis trading", the most downloaded system on the entire internet. From memory it was something about trading double tops.

OK, OK, I promised I'd disappear. Must be time for another glass of red.

__________________________________

TCMM, I understand where you're coming from now. Nothing wrong with your source of info, IMHO. There's a trader here in my home town who uses the resource (that you removed the links for), and he claims to be profitable.

All the best,
David

CAN USE ON ALL CURRENCIES.
ALSO ON A 1HR AND 15MIN CHARTS YOUR SL ARE NORMAL ON THESE
CHARTS YOUR GOING FOR 15-20-25 PIPS.

Yeah, I remember that one well. Used to have trouble with re-entry!!