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Attachments: 100% Sure Win but only in trending n ranging.
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100% Sure Win but only in trending n ranging.

  • #21
  • Dec 27, 2008 4:30am Dec 27, 2008 4:30am
Quoting shadowninja
Here's the problem.

Most of the time, you will make your 50 pips. Then you'll be in a new trade just before the market changes direction and falls 500 pips. When do you decide to bail out?

if it falls 500 pips, you got 5 position opened am i rite? bail out only after 10th position was opened and the 10th position was in losing at 50pips, close all position...

after that, start new orders at above and below 100pts... which is next .00.

whether to long or short the market, it depends on the set up ema 4 13 50 on daily chart.. if it's up trend, long it. vice versa....
  • #22
  • Dec 27, 2008 5:31am Dec 27, 2008 5:31am
Quoting Holypendant
if it falls 500 pips, you got 5 position opened am i rite? bail out only after 10th position was opened and the 10th position was in losing at 50pips, close all position...
So how many pips will you lose in this scenario?
The market reveals who we really are...
  • #23
  • Dec 27, 2008 6:01am Dec 27, 2008 6:01am
Quoting shadowninja
So how many pips will you lose in this scenario?
All your winnigs. ^^
If you are lucky enough to have any to soften your drawdown.
  • #24
  • Dec 28, 2008 9:39pm Dec 28, 2008 9:39pm
Quoting Tjpld
All your winnigs. ^^
If you are lucky enough to have any to soften your drawdown.
6600pips... it will only wipe out all ur winnings if u start the method either at the tops or btms.. it still haf not wipe me out yet...
  • #25
  • Dec 28, 2008 9:52pm Dec 28, 2008 9:52pm
I have to say, I believe this guy 100%. That high wining percentage is completely accurate.

But he's not telling the whole story.

He has a mentor, with a secret weapon. I managed to get a pic of the real guru he's using.

Be the judge.

PD: The guy gets paid on dope.
Attached Image
  • #26
  • Dec 28, 2008 11:44pm Dec 28, 2008 11:44pm

http://i42.tinypic.com/2j2anep.jpg





















No, this isn't really from forexfactory nor has it been endorsed by the admin of this forum. I hope you where smart enough to figure this out

Not all sins are created equal
  • #27
  • Dec 29, 2008 1:49am Dec 29, 2008 1:49am
maybe he has actually found somthing to work on. Yes no stop loss is suicide, but he talks about good honest profit not the usualy 90% accuracy etc.
Holy pendant have you thought about using an indicator to try and find divergence? Such as MACD or stochastics?
  • #28
  • Dec 29, 2008 1:55am Dec 29, 2008 1:55am
Quoting Ronald Raygun
Well...when the market isn't trending, it's ranging right? And when the market isn't ranging, it's trending, right?

As for the systems itself, how do you determine market direction? Discretion? Magic 8 ball? Coin toss? Tarot cards?

what a dumb question, everyone knows that magic 8 ball is the ONLY way to determine trend direction.

  • #29
  • Jan 2, 2009 9:37am Jan 2, 2009 9:37am
Quoting fry2010
maybe he has actually found somthing to work on. Yes no stop loss is suicide, but he talks about good honest profit not the usualy 90% accuracy etc.
Holy pendant have you thought about using an indicator to try and find divergence? Such as MACD or stochastics?

i using ema 4 13 50 to determine trend on daily chart... Hard stoploss at 11th position which is 1100pips...
  • #30
  • Jan 2, 2009 3:34pm Jan 2, 2009 3:34pm
Wow you guys.


Ok so let me get this straight:

Holy comes in here, takes his time and energy to share his strategy FOR FREE and all you guys can do is make fun of him? Posting idiotic and silly pictures to do only one thing, mock him.

You should all be downright ASHAMED OF YOURSELVES. If you don't think his strategy will work, just simply tell him that politely. You don't need to try to make your internet ego bigger by belittling him. DO I REALLY NEED TO BE TELLING YOU GUYS THIS?

Have some respect.

I've tried out dozens of systems posted on this site. I'd say 90% of them are nothing but organized gambling strategies.

Lets be honest: All of you are on here LOOKING for a system or strategy you can you use to retire on. What makes you think you have anything figured out at all? If you did, you surely wouldn't be on here, day after day, with hundreds or even thousands of posts to your name, looking for 'that' system. So just have some respect, and be grateful for anyone posting their system or strategy here. If you think it sounds bad, just politely say so. There's no need to act like little children. Grow up for christ's sake.
  • #31
  • Jan 2, 2009 4:34pm Jan 2, 2009 4:34pm
I find it interesting that someone jumps up to "help" Holypendant like that when he hasn't protested himself.

Quoting noskool319
Lets be honest: All of you are on here LOOKING for a system or strategy you can you use to retire on.
Is your conclusion that when one already has a system, he/she will not look at one? If so, I disagree. I have my own convoluted, makes-no-sense-to-many system yet I still look at what's out there. I do that for the same reason a car enthusiast will not only own a car and possibly more but will also read on the subject to find out what's new out there.

Quoting noskool319
What makes you think you have anything figured out at all? If you did, you surely wouldn't be on here, day after day, with hundreds or even thousands of posts to your name, looking for 'that' system.
I don't have every answer but I have enough figured out to know that Holypendant's strategy will not work. As to the reason why I have "thousand(s)" of posts, it's because internet porn gets boring after a while.

Quoting noskool319
So just have some respect, and be grateful for anyone posting their system or strategy here. If you think it sounds bad, just politely say so.
I suppose Holypendant should also get a trophy, because after all "everyone's a winner". Just that the world doesn't work that way. Will his broker be so polite when he gets a notice that he's got a margin call? Or will it be an aseptic mile long email with a ton of politically correct crap?

I'm sure that Holypendant is a great person and I appreciate that he's put something out there. If his feelings are hurt by what I did, he's more than welcome to contact me.
Not all sins are created equal
  • #32
  • Jan 2, 2009 4:42pm Jan 2, 2009 4:42pm
EL OH EL ^
  • #33
  • Jan 2, 2009 4:43pm Jan 2, 2009 4:43pm
Quoting noskool319
EL OH EL ^
Anyone can translate that to English? Pretty please?
Not all sins are created equal
  • #34
  • Jan 2, 2009 7:41pm Jan 2, 2009 7:41pm
maybe he cant spell LOL?
  • #35
  • Jan 2, 2009 10:12pm Jan 2, 2009 10:12pm
Quoting noskool319
Wow you guys.


Ok so let me get this straight:

Holy comes in here, takes his time and energy to share his strategy FOR FREE and all you guys can do is make fun of him? Posting idiotic and silly pictures to do only one thing, mock him.

You should all be downright ASHAMED OF YOURSELVES. If you don't think his strategy will work, just simply tell him that politely. You don't need to try to make your internet ego bigger by belittling him. DO I REALLY NEED TO BE TELLING YOU GUYS THIS?

Have some respect.

I've tried out dozens of systems...
Yes, I agree with you.

Some people here in FF really enjoy mocking others. Not showing RESPECT at all.
And Internet EGO very high that's why they still try to stand/answer others to say their act is GOOD.

To those thread owner, just ignore this kind of people like Jay Walker.
I have seen most of his reply to people thread is just to mocking people/make fun of others.

Try change your attitude in this new YEAR 2009. What a SHAME!!!
Just go to others funny forum if you think you're some kind of clown.
  • #36
  • Jan 2, 2009 10:51pm Jan 2, 2009 10:51pm
Quoting akukaya
Yes, I agree with you.

Some people here in FF really enjoy mocking others. Not showing RESPECT at all.
And Internet EGO very high that's why they still try to stand/answer others to say their act is GOOD.

To those thread owner, just ignore this kind of people like Jay Walker.
I have seen most of his reply to people thread is just to mocking people/make fun of others.

Try change your attitude in this new YEAR 2009. What a SHAME!!!
Just go to others funny forum if you think you're some kind of clown.
Interesting that individuals other than the one I was supposedly mocking jumped to his defense. If this gentleman has an issue with what I said, he's welcome to contact me, be it publicly or privately. Can't he just defend himself?

Oh,Akukaya,I'm not going anywhere so if you don't like to read what I post, I respectfully suggest that you put me on your ignore list.
Not all sins are created equal
  • #37
  • Jan 2, 2009 11:30pm Jan 2, 2009 11:30pm
Quoting Jay Walker
Interesting that individuals other than the one I was supposedly mocking jumped to his defense. If this gentleman has an issue with what I said, he's welcome to contact me, be it publicly or privately. Can't he just defend himself?

Oh,Akukaya,I'm not going anywhere so if you don't like to read what I post, I respectfully suggest that you put me on your ignore list.

Dear Forex Traders I have no issue.. speak watever you all like..
We are here to looking for our well of gold. you may say that mine is like a gambling or betting system but if it's making good money, why not use it.

1st, i would like to thanks those ppl for defending me.

2ndly, i haf written in my 1st post if you feel that this system is fake, kindly ignore it.

3rdly, You have mention that by looking at it, my system wont works. since you welcome me to contact you, would you be kind hearted enough to tell me wat went wrong in detail. coz right now, i survived sub prime, and the financial crisis saga... Kindly fill ur input in telling me in what ways, events, or market condition that my system will fail.so far i come out with own scenerio is that this system will failed badly if price goes up 2000pips and down 2000pips and up 2000 pips and down 2000pips. and is down trend vice versa.
in this way, yes my system will generating be loss but not margin CALL...
  • #38
  • Jan 3, 2009 12:39am Jan 3, 2009 12:39am
Not sure why everyone's being an asshole to holypendant
  • #39
  • Jan 3, 2009 1:00am Jan 3, 2009 1:00am
Quoting lolpie
Not sure why everyone's being an asshole to holypendant
agree with you 100% lolpie

that holypendant is not complaining does not mean that we are allowed to overstep the boundery...........

it only means that holypendant is a humble person and you know what???

most times only humble people (not the ones with a huge ego, who think they know it all) who are willing to try out everything without ridiculing everything and everybody will get there
  • #40
  • Jan 3, 2009 1:54am Jan 3, 2009 1:54am
holypendant,

could you tell me about your trading history for this system: have you been trading this strategy live and for how long? profits during that period?
any backtesting other years? how about 2008?

you have a hard stop of 1100 pips - what is your reason for that?

personally I would look at the last swing in the trend for a more logical stop.
if in an uptrend, I would place a stop 50-100 pips below the swing low and if hit, get out of all my positions.

after hitting a new high and going down fast towards the swing low, I suppose you will get filled at every 00, even as the price is still going down.
you might want to look at the 4H chart and lower TF when nearing a 00 and if there is no upturn, pass on buying at that 00 until price goes back up from below.

gbp/yen is very volatile and you`re only aiming for 50 pips.
would your profits escalate with a 100 pip TP?

thank you
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