Take my word for it - A Trading Journal | Page 33 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Another Trading Journal - Yuhu's Journal 17 replies

Bird is the word - 1 word trading advice 120 replies

Creating a Trade Journal for Word/Excel 0 replies

Attachments: Take my word for it - A Trading Journal
Exit Attachments

Take my word for it - A Trading Journal

  • #641
  • Mar 9, 2009 5:11am Mar 9, 2009 5:11am
Quoting Angler
strange that..
yeah, strange
  • #642
  • Mar 9, 2009 5:53am Mar 9, 2009 5:53am
Quoting Petefaders
http://i39.tinypic.com/sem26w.jpg
We just had a perfect bounce off the dark violet POWER Ranger level. If you bought there it's a quick 30 pips...(seriously)
  • #643
  • Mar 9, 2009 6:38am Mar 9, 2009 6:38am
hi all...


Now I am impressed....he answers questions before there even asked on his thread.....( a question by PUMA after it is answered by WisdomFX )
  • #644
  • Mar 9, 2009 8:03pm Mar 9, 2009 8:03pm
ohwashie , puma , wisdomfx ..your days on FF are numbered.
  • #645
  • Mar 10, 2009 7:29am Mar 10, 2009 7:29am
guys:
thank you for the efforts putting off a lengend scalper last month...

I'm testing a software which can serve as a way to collect proof of your suspected day scalper's trading.

I post in broker board since it can also capture trading platform issue.

http://www.forexfactory.com/showthre...wpost&t=157126

pls let me know if you think it could be useful.

basically I think, it's no cost of people/money, and it cannot be altered...
why not save some arguments on both sides and put evidence on table & let facts show itself.
  • #646
  • Mar 11, 2009 3:21pm Mar 11, 2009 3:21pm
Quoting Petefaders
ohwashie , puma , wisdomfx ..your days on FF are numbered.
ohwashie
Multiple Usernames

http://i44.tinypic.com/v8mr69.jpg

"Another One Bites The Dust"
  • #647
  • Mar 11, 2009 9:36pm Mar 11, 2009 9:36pm
Hi all...


Well looking at the last chart provided be WisdomFX.....seems he left some candles that crossed his power levels to take trades on others...was it because some resulted in loses...so cant tell people those ones...

And that last trade...would have almost been picking the top and bottom of the move ...given a spread of 2-3 pips..

So...there is either plenty of the trading that is not explained and so called wins are not all to do with the lines..there no better or worse than any other lines....there would have to be other indicators or something else involved if certain breaks of his lines are ignored..and others taken....AND as none of the trades are live...so people can ask questions about his entries....THERE still has to be some BIG doubts over what is being shown on that thread
  • #648
  • Mar 12, 2009 2:36am Mar 12, 2009 2:36am
hi all..


Well again wisdomFX is refusing to show any live trades....siting , he is not here to feed people trades.....WELL....nobody is asking you to feed them trades...but a few days of actual live trade calls would greatly assist people who are trying to learn....and afterall...thats what he says he is also trying to to..show other how to use his Levels....

"Im sharing the POWER levels so that anyone can make some serious growth in their accounts. "But refuses to show them live trades..is this just advertising

BUT he can still manage to publicly push his levels..shown by the following post and the above one .

"I have so far since beginning of this journal have had a 100% success in my trades. ( although its never 100% forever but i will maintain over 90% success with my levels "..He neglects to tell anyone that those trades are hindsight trades...when he makes these claims.
  • #649
  • Mar 12, 2009 8:31am Mar 12, 2009 8:31am
Quoting Angler
hi all..


Well again wisdomFX is refusing to show any live trades....siting , he is not here to feed people trades.....WELL....nobody is asking you to feed them trades...but a few days of actual live trade calls would greatly assist people who are trying to learn....and afterall...thats what he says he is also trying to to..show other how to use his Levels....

"Im sharing the POWER levels so that anyone can make some serious growth in their accounts. "[size=3][color=black]But refuses...

one thing about claiming winning percentages. They are meaningless unless its 100%. a system that wins 35% of the time can be a Godsend. and a system that wins 95% of the time could kill you.

I would know, i created a system that wins 99.4% of the time. No joke. I have documented results showing that, however the .6% of the trades that dont win destroy the account. (Anyone with any trading knowledge should automatically say 'thats martingale for you' )



I am also 100% in my hindsight trades, so was Milkshake.
  • #650
  • Mar 12, 2009 8:38am Mar 12, 2009 8:38am
just like to say i posted on that guys journal within a couple of days of him starting it that it was bull. Glad its finally been outed.
  • #651
  • Mar 12, 2009 12:08pm Mar 12, 2009 12:08pm
On a 4 hour chart, this candle stick formation should be called one of the following:

A. A Holy Shit I'm Rich Candle


or


B. A Holy Shit I'm Broke Candle


Nevertheless, in hindsight I would have gone long. In reality i may have been short.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 34 KB
  • #652
  • Mar 12, 2009 6:59pm Mar 12, 2009 6:59pm
hi all


Well someone has had a good week....WisdomFX

"its been an amazing week so far for me $8115 NO LOSSES THIS WEEK for me"

And actaully I dont think he has had a loss since he started posting here...might be wrong...

But then how could you have a loss posting trades after there closed....and refusing to do any (at all ) live trades..

I think most people understand...as shown by the lack of people looking at his thread...have never seen more than 3 people there.......I think traders here getting wise to what is actually been posted on threads now....
  • #653
  • Mar 12, 2009 7:48pm Mar 12, 2009 7:48pm
Hi..all...


well the boy does read this thread...I had been nice enough not to post in his thread but he copies and pastes there....so cool..

Lets get something right...I personally could care less about his levels...the only reason I ask for a few live trades...and I might say A FEW not all.....is to show that his trading works as good as he claims when calling the trade live...so people can see the price movement after entry..and then question as to why that break of a level and not others..its easy to make up reasons after the event....simple really....BUT people who claim very good success rates always seem to refuse to show any live trades...why is that...and the last one got caught out as he could not reproduce his trades as shown.....when actually live...
  • #654
  • Edited Mar 13, 2009 10:14am Mar 12, 2009 7:55pm | Edited Mar 13, 2009 10:14am
Yeah hit chance is nothing...
I would weight the hit chance based on profit losses...

Weightened Hit Chance = gained pips / total pips traded
total pips traded = gained pips + lost pips
spread pips + commission pips are also included in lost pips and not gained ones of course...

Based on the WHC, you can modulate your risk keeping max DD as low as 10%. MM in the end it's a very simple topic, but keeping this WHC high is the problem ...

find/invent something with average WHC > 0.65 then i'll do the rest...

The error they do is to consider it won or lost, it's not like that, while you're winning, or while you're losing, the position is still open with pips in the formula running, you're actually still winning/losing second per second because you have to exit the position...
  • #655
  • Mar 12, 2009 8:33pm Mar 12, 2009 8:33pm
hi all...


Marzullo......I have never asked him to release how he calculates his levels...everyone has a right to there own inventions so to speak..

But for someone just posting for the sake of keeping a record....there is a never ending to his promotional talks.... ie ...how great his power levels are, how he has a 90+% win rate and how people will make serious money using his levels....how he has no losses...and so on and on and on

now for someone using the thread just to keep a record...WHY all the hype..

Its not needed if your just posting trades and keeping a record...
  • #656
  • Mar 12, 2009 9:15pm Mar 12, 2009 9:15pm
Quoting Jwentro
On a 4 hour chart, this candle stick formation should be called one of the following:

A. A Holy Shit I'm Rich Candle
or
B. A Holy Shit I'm Broke Candle
... unless you have a stoploss in place, in which case the candle becomes:

A. "Holy Shit I'm Rich" Candle or
B. "Oh well. Small loss... Next trade please!" Candle.

Money missed is better than money lost
  • #657
  • Mar 12, 2009 11:04pm Mar 12, 2009 11:04pm
Quoting Dahlia
... unless you have a stoploss in place, in which case the candle becomes:

A. "Holy Shit I'm Rich" Candle or
B. "Oh well. Small loss... Next trade please!" Candle.



stoplosses, psssscchhhhhh please.

When i win 90% like the dude angler is on, i dont need stop losses. trading in hindsight only has a TP.
  • #658
  • Mar 13, 2009 5:48am Mar 13, 2009 5:48am
hi all..

Well...I think I posted once on wisdomFX thread to help another trader with seeing the charts clearer...

I was about to ask another of the posters there a question....when I find I have been BLOCKED..from posting there..

Here is another one that does not like people saying anything against what they are putting across on a thread.....Again...this attitude sounds very familar to a recent trader removed from the forum...

THEY JUST DONT LIKE THE TRUTH BEING TOLD ABOUT WHAT THEY ARE DOING..

And to the poster who is going to incorporate the so called Power levels into his trading.......what are you going to do if WisdomFX leaves or is removed from the forum...he wont tell you how he calculates the levels...you will have wasted your time.........
  • #659
  • Mar 13, 2009 10:09am Mar 13, 2009 10:09am
Quoting Angler
what are you going to do if WisdomFX leaves or is removed from the forum...he wont tell you how he calculates the levels...you will have wasted your time.........
That's what I said cristal clearly in his thread ...
Plus I said him I "trust" hindsight trades as long as the thread opener doesn't try to sell something.

This forum is also full of sponsors, someone could say he's there to raise traffic with fancy methods, but even if it was like that, we couldn't prove it...
But I don't think FF would follow this tricky strategy, there are plenty of forums out there ready to steal traffic as soon as the quality goes down... so also here trust...

At last everyone must judge on his own, no system works without a little trust.
  • #660
  • Mar 13, 2009 11:43am Mar 13, 2009 11:43am
guys, this is the demo, will write a guide on usage this weekend.

free. you can probably use it to fight against a bucket shop or a pips dreamer

http://www.forexfactory.com/attachme...6&d=1236961520
3 traders viewing now