No Free Lunch but all the Free Coffee you can drink | Page 30 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The DIBS Method... No Free Lunch continues 11,565 replies

The DIBS Method - No Free Lunch Returns 13 replies

Free lunch mentality 6 replies

No Free Lunch: Director's Cut 33 replies

Attachments: No Free Lunch but all the Free Coffee you can drink
Exit Attachments

No Free Lunch but all the Free Coffee you can drink

  • #581
  • Feb 23, 2009 7:50pm Feb 23, 2009 7:50pm
SETUPS...

http://i39.tinypic.com/2cdtt7p.gif
TRO
  • #582
  • Feb 26, 2009 12:16am Feb 26, 2009 12:16am
Quoting billflet
That's the topic of the thread. What's to get? Either you're interested in the topic or you're not. Did someone here imply that you should care about pit traders?
I don't get your question. I'm not sure what "Why should be care.." means.

It was a very bizarre question wasn't it, most strange.
  • #583
  • Feb 27, 2009 4:01pm Feb 27, 2009 4:01pm
Quoting jarroo
I like this one too kermut.

-A Word to the Wise is Sufficient
Intelligent people can take hints; they don’t need to have everything explained to them at great length. I have had contacts with a number of fine people from this forum who fit that category and have no doubt they will find their way to success if they keep at it.

Jim
I would make the point the other direction, that many times intelligent people need to be spoon fed, shown how to take baby steps and then set free to learn on their own.

For example, I used to teach flying. If you came in to learn from me, and let's say it is your first flight, would you rather I give you general hints, vague statements such as "just go fast and pull up and all will be well" or would you rather I help you with baby steps and make specific statements about what to do and when.

For many, Forex trading is as hard to learn as flying airplanes, and I for one appreciate it when someone will stop hinting, stop being so vague, and tell me how to learn to fly Forex!
  • #584
  • Feb 27, 2009 4:33pm Feb 27, 2009 4:33pm
Ya gotta Love Friday Night Posts.

I really am warmed by the fact that you guys are reading this thread. There are diamonds within...
  • #585
  • Feb 27, 2009 5:56pm Feb 27, 2009 5:56pm
Quoting Bemac
Ya gotta Love Friday Night Posts.

I really am warmed by the fact that you guys are reading this thread. There are diamonds within...
What ever happened to the Peter guy? He gave a few words of wisdom and left. Has anybody ever seen him around since?
  • #586
  • Feb 27, 2009 6:20pm Feb 27, 2009 6:20pm
Quoting Dreamliner
What ever happened to the Peter guy? He gave a few words of wisdom and left. Has anybody ever seen him around since?
Uhhh... did you read the thread?

He was pushed by the "Yeah Yeah But I want More. I don't have time for this Study B#lls#it. Just gimee the goods. I'm a Mover 'n' a Shaker. {aka Wannabe}

Sad, it is, but true. He was pummelled.
  • #587
  • Edited 6:24pm Feb 27, 2009 6:24pm | Edited 6:24pm
Quoting Bemac
Uhhh... did you read the thread?

He was pushed by the "Yeah Yeah But I want More. I don't have time for this Study B#lls#it. Just gimee the goods. I'm a Mover 'n' a Shaker. {aka Wannabe}

Sad, it is, but true. He was pummelled.
Yep, I read the thread, in its entirety, he simply stopped posting. Poof. Gone, just like that.

Uh, isn't this a forum? And don't people have the right to ask questions? In fact, if one sets oneself up as an expert, shouldn't he EXPECT to be asked questions?

I'm not sad he's gone, I just don't find the answer "he was asked questions by people" to be a legitimate reason. But I guess he does.
  • #588
  • Feb 27, 2009 7:01pm Feb 27, 2009 7:01pm
Quoting Dreamliner
Yep, I read the thread, in its entirety, he simply stopped posting. Poof. Gone, just like that.

Uh, isn't this a forum? And don't people have the right to ask questions? In fact, if one sets oneself up as an expert, shouldn't he EXPECT to be asked questions?

I'm not sad he's gone, I just don't find the answer "he was asked questions by people" to be a legitimate reason. But I guess he does.
AND, like the gentleman he is, answered them the first time, second time third time fourth time fifth oh what the ... you get my drift. and now you come by and Ask The Same Q's Again.
...

Oh that I hade the aspects of Job...
  • #589
  • Feb 27, 2009 7:04pm Feb 27, 2009 7:04pm
Quoting Bemac
AND, like the gentleman he is, answered them the first time, second time third time fourth time fifth oh what the ... you get my drift. and now you come by and Ask The Same Q's Again.
...

Oh that I hade the aspects of Job...
Yep, that's what a forum is. They're pretty consistent all over the world, no matter what field you're in. So, either don't post if you don't want to answer the same questions over and over, or post and expect them.

When Job finally heard from God He covered His mouth, possibly this is what Peter did .
  • #590
  • Feb 27, 2009 7:10pm Feb 27, 2009 7:10pm
Quoting Dreamliner
Yep, I read the thread, in its entirety,
... I doubt that. Sorry but I do doubt that you read the thread. For, if you had, you would have noticed he stuck with the repetitious questions of Latecomers, {like you, I believe} that didn't feel Their Time should be Wasted In Study. "Just give me the Deal That Works." That's All. Group.

Quoting Dreamliner
Uh, isn't this a forum? And don't people have the right to ask questions? In fact, if one sets oneself up as an expert, shouldn't he EXPECT to be asked questions?
So... how do You Trade?

Quoting Dreamliner
I'm not sad he's gone, I just don't find the answer "he was asked questions by people" to be a legitimate reason. But I guess he does.
AND, like the gentleman he is, answered them the first time, second time third time fourth time fifth oh what the ... you get my drift. and now you come by and Ask The Same Q's Again.
...

Oh that I had the aspects of Job...
  • #591
  • Feb 27, 2009 7:12pm Feb 27, 2009 7:12pm
Not sure why my previous post was fragmented into 3 posts. but ...
  • #592
  • Feb 27, 2009 8:47pm Feb 27, 2009 8:47pm
Quoting Dreamliner

I'm not sad he's gone, I just don't find the answer "he was asked questions by people" to be a legitimate reason. But I guess he does.
I don't think "He was asked questions by people" was ever given as a reason for his leaving. If you read the thread, you'll see he answered many questions and posted simple, clean explanatory charts. And don't forget his PM box being flooded with pleas for mentorship but nothing offered in return, aside from vague promises to make the world a better place if only he could show them how to get rich.

Repetitious questions from people who were too lazy to read the thread may have been part of it. When he began posting, he may have felt he was joining a conversation about a topic he had measurable experience in. That doesn't mean he had the time or desire to become a full time instructor forevermore.

Dreamliner, You wrote that you've taught people to fly. I've no reason to doubt that and I don't. But did your students have any required reading to do? What if they refused to do their reading and demanded that you tell them only what they absolutely needed to know --a Cliff Note version of "Fairweather Flying", with you reading it to them? And to hell with that even, "Can't you just show me how the auto-pilot works instead?"

In this forum environment, if someone jumps into a thread after it's begun, they understand (at least some do) that they must catch up to the rest. Should they do that by making everyone else stop? Or should the newcomer read the material that's already there and try to limit their questions to those that haven't been asked yet?

My point is, maybe Peter got a little overwhelmed and just didn't want to do be a full time mentor to the entire trading public, continuously returning to Day 1 every time a new guy jumped on board. That doesn't make him bad. While he was here, he and I had a good PM rapport and he was very generous with his time and knowledge. I, in return, always tried to bring something to the conversation. Whether or not it had value to him, I'll never know. If it did, great. If it didn't, he was kind enough to pretend it did. But it was an exchange and that's what kept it going.

Still he left a lot of great material here. All of what he knows? Certainly not. But he gave more than he owed.
  • #593
  • Feb 28, 2009 5:57am Feb 28, 2009 5:57am
Quoting Dreamliner
I would make the point the other direction, that many times intelligent people need to be spoon fed, shown how to take baby steps and then set free to learn on their own.

For example, I used to teach flying. If you came in to learn from me, and let's say it is your first flight, would you rather I give you general hints, vague statements such as "just go fast and pull up and all will be well" or would you rather I help you with baby steps and make specific statements about what to do and when.

For many, Forex trading is as hard to learn...
hi,

i am gonna to vouch for you after this post. Analogy is perfect.
  • #594
  • Feb 28, 2009 8:32am Feb 28, 2009 8:32am
Quoting giraia_br
hi,

i am gonna to vouch for you after this post. Analogy is perfect.
So in this perfect analogy are we, the people on this forum, God--all knowing and capable of all things? And PeterCrowns is Job-- demanding an audience with God and speaking on matters of which he (Job) knows nothing about? Or am I reading the analogy wrong?

Just asking.
  • #595
  • Feb 28, 2009 4:20pm Feb 28, 2009 4:20pm
Vouches have, previosly, been measured by insightfull input.
Please explain....
  • #596
  • Feb 28, 2009 6:51pm Feb 28, 2009 6:51pm
Quoting billflet
So in this perfect analogy are we, the people on this forum, God--all knowing and capable of all things? And PeterCrowns is Job-- demanding an audience with God and speaking on matters of which he (Job) knows nothing about? Or am I reading the analogy wrong?

Just asking.
the problem is that many times questions are answered with too much metaphors and arrogance, in a Yoda, Mr Myagi Fashion. Putting in the newbie obligation to learn something that for the "Yoda" is obvious. If all important things in trading was obivous, we should not have 98% losing.

not a problem to say: "i don't want to share my edge, i made effort to find it and maybe if a share i will lose the edge". My problem is with "Yodas" calling people lazy, stupid (maybe not in a direct form), etc. The worst part, is that sometimes the Yoda only believes he has the force, but he does'nt.

"A little knowledge is a dangerous thing"

many times we see something like "just go fast and pull up and all will be well" in trading terms. If someone does'nt want to help, don't post.


billflet, i am replying to you but in no way you fit the Fake-Yoda i am talking about, On contraty, i am aways gratefull to you for all your help.

and these comments is not direct to Peter as maybe one could presume.


that all said, i have a very good idea of what methods/tools could be used to improve the method said in thsi thread. At least 2 methods. One problably is what the author of the method use. Maybe the another is better than the creatros are using. Even with that i don't have intention to trade this method. So, i really don't have interest in know secret information about this method anymore. Sorry if with this last information i made someone that was writing a response to call me lazy delete re-wrote the reply. And i am not willing to mention even in PM what are these methods/tools.
  • #597
  • Mar 1, 2009 8:26am Mar 1, 2009 8:26am
giraia_br,

You said that you have found a few elements to add to DIBS. I know you've been persistent in your studies and have shown a lot of stamina.

Because of this you now have a method that you can call your own based on what was started here. You are not willing to give away what you've discovered and I agree with your decision. There is a possibility that what you've discovered wouldn't work for everyone else anyway. You've found something that is truly yours, you have confidence in it, and it suits your personality. It has to; You invented it.

Is it possible that this whole research and discovery process is the missing piece of the puzzle? The last element that makes this work for you and you alone. In many ways, Peter alluded to this.

The concept in this thread is sound enough, but it requires a certain amount of market savvy and trading experience to apply it. For example, using this method during the NFP announcement will likely end in disaster. How do you cover every nuance and circumstance that may or not happen on this forum? I don't think you can. It comes from studying what suits you, winning and losing, and shedding some blood along the way.

If you've found some elements that help complete what was started here, and you were able to do it on your own--even if it's adding someone else's unrelated discovery to the mix, then you're crossing the very threshold that Peter refuses to drag us over.

All the best
Bill
  • #598
  • Mar 7, 2009 12:59am Mar 7, 2009 12:59am
Hi

I would like to check on the method for buying 2 lots:

1 Limit set at the Stop Loss distance and the other left to run for a free ride.

I tried it yesterday but found out that the main problem is that when you get stopped out for both lots, you lose twice as much and the accuracy of the system is not extremely high.

Does anyone have this feeling too?

What is the accuracy of the system?

Was stopped out 4 times out of 5 trades yesterday.

Anyone has anything to suggest?
  • #599
  • Mar 8, 2009 3:06am Mar 8, 2009 3:06am
You are not meant to risk twice as much, you place half your risk on each of two contracts.

To get assistance with your dibs trading you may need to post some charts.


Edit: Just noticed tradertt cross posted, better to leave any discussion in the second thread.
Good Trading
  • #600
  • Mar 8, 2009 10:17pm Mar 8, 2009 10:17pm
Hi I understand that we need to position size. However, it would mean that everytime we get stop out totally, we can stopped out for twice the lots then when we are in profits.
2 traders viewing now