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Take my word for it - A Trading Journal

  • #961
  • Apr 7, 2009 3:20am Apr 7, 2009 3:20am
Quoting Angler
hi all...


good....tell me when you have 60 trades and 2-3 losses...

Because thats something like the claim...

Anyway....besides that....if you have an understanding of what you are doing WedWed why dont you start the discussion while your trading...on the wisdomfx thread..

I will take your word for it


see my friend i just post print screen of my yestrday trade ... becase you said to WWWin "".. ..just took 15 pips on whatever level......very strange ""

so i want to show you that not whatever level i took blindly ..


u said " tell me when you have 60 trades and 2-3 losses "

i will tell you when i reach to 60 trades .. hope wisdomfx countinue posting his PL.


MY frind WHAT I WANT TO SAY ONLY IS
POWER LEVEL is PROFITABLE and we can cosider it its like high accuret (NOT FULL ACCURET ) support and resistance.
so we have to take our position accourding to PL as high accuret S/R not as a fully truth.

i want to ask you as trader how you deal with normal Support and Resistance ?? and whats support and resistance mean for you?

i want to ask you is Power Levels mean nothing for you ??

i want to know how you look to the fact which all we can see it in Power Levels posted in weekend and price respected (most of them not all) in next week?
Never sell @ lower upward channel unless breacked and vise versa .
  • #962
  • Edited 3:57am Apr 7, 2009 3:47am | Edited 3:57am
Hi all...


WedWed.....when is said " whatever level " I just said that so as not to be specific...I know you take your trades around the PL...


But you can see by WisdomFx reply to the posts here that he does not want or encourage discussion on his thread...

You cant deny that , all I said needed to be done there...start discussion...BUT he does not want that and will not participate in it...

To answer your question......NO.. Power levels mean nothing to me....I said at the very beginning That traders trade levels, all sorts of levels and most can be profitable...no question about that...I have said that before..

But I will never trade using lines supplied by someone else that refuses to tell how there calculated....I will not put my trading as risk by learning something only to find the person leaves or wants payment...which I would never do..

So what if the power levels get hit.....nobody here said that you can not be profitable trading levels...95 -100% successful is the question.... and then there are plenty of questions regarding why some trades are not taken...even though there is no reason they should not be taken...Plenty of Questions.....easy to answer in hindsight...not so easy to explain in live trading...and WisdomFx knows this and thats the main reason he will not have discussions or live trades ...
  • #963
  • Apr 7, 2009 3:53am Apr 7, 2009 3:53am
Quoting Angler
Hi all...


WedWed.....when is said " whatever level " I just said that so as not to be specific...I know you take your trades around the PL...


But you can see by WisdomFx reply to the posts here that he does not want or encourage discussion on his thread...

You cant deny that , all I said needed to be done there...start discussion...BUT he does not want that and will not participate in it...

To answer your question......NO.. Power levels mean nothing to me....I said at the very beginning That traders trade levels, all sorts of...

Thanks Angler
Never sell @ lower upward channel unless breacked and vise versa .
  • #964
  • Apr 7, 2009 9:04am Apr 7, 2009 9:04am
I am staying out of this whole "Power Level" thing for good reason.

Its more than obvious that wisdom is full of it when only correct levels are taken and missed or "exhausted levels" are magically not taken.

How about he post all of his trades at some publisher. Once again making it easier for everyone to see what they're doing.... thats the thing with people that have forums such as his... they cant prove these results.

Also, is it me or is WedWed the ultimate leech to these types of forums? the dude was big in Shakes forum and now he is a big supporter on Wisdom. I guess some people never learn because they want to believe so badly that a 100% winner exists.
  • #965
  • Apr 7, 2009 9:16am Apr 7, 2009 9:16am
Hi all..


Well not sure about that.....but we let the wisdomfx thread go for a few days to see if the distraction here was stopping people from posting and discussing the method ,,,,but it had no effect what so ever....they still we not get on the thread and start a normal discussion like you find on most other threads....the only reason I can think of......nobody is confident at all to talk about it....they actually know by there own trading that they are having trouble deciding what trades to take and which to leave alone.....confidence in your method is very important in trading...if you dont have that you will always be second guessing the trades.....and getting losers.....
  • #966
  • Apr 7, 2009 1:45pm Apr 7, 2009 1:45pm
Well I would say that trading levels like fibs, and trendline support & resistance, prior resistance & prior support, pivots, and pivot resistance are good solid methods...but no way near 95-100%. Forget about it, even if you combine the PLs with what wedwed calls "experience" (sort of vague method), 95-100% is not attainable, and even if the levels hold, you are not always going to get in and out at the extremes, unless you have limit entry (dangerous with this method, and preset limit for profit, to gain the maximum pips on each trade, cannot be done. I will continue to believe that until the cows come marching home.
  • #967
  • Apr 7, 2009 2:16pm Apr 7, 2009 2:16pm
Quoting wwwin
Well I would say that trading levels like fibs, and trendline support & resistance, prior resistance & prior support, pivots, and pivot resistance are good solid methods...but no way near 95-100%. Forget about it, even if you combine the PLs with what wedwed calls "experience" (sort of vague method), 95-100% is not attainable, and even if the levels hold, you are not always going to get in and out at the extremes, unless you have limit entry (dangerous with this method, and preset limit for profit, to gain the maximum pips on...
hi brother Wwwin

i am consider PL as waht you have list and plus i saw it more accurat ..
i am like you not with near 95-100% but with High accurate i said that becase i saw it upto now is strong level.

so as trader we have to consider solid level in our position.
Never sell @ lower upward channel unless breacked and vise versa .
  • #968
  • Apr 7, 2009 6:05pm Apr 7, 2009 6:05pm
hi all...


Well now the boy is into " forecasting Price Movement "..

I may ask , when he claims it does not matter if the price is trending or ranging his PL's still work.......why would you bother TRYING to forecast price movements......Another SELLING option maybe....heheh

well his guess is as good as anyone elses...I suppose
  • #969
  • Apr 7, 2009 9:27pm Apr 7, 2009 9:27pm
Quoting Angler
hi all...


Well now the boy is into " forecasting Price Movement "..

I may ask , when he claims it does not matter if the price is trending or ranging his PL's still work.......why would you bother TRYING to forecast price movements......Another SELLING option maybe....heheh

well his guess is as good as anyone elses...I suppose
"I should note that the cemetery for seers has a huge section set aside for macro forecasters." Warren Buffet
  • #970
  • Apr 7, 2009 9:30pm Apr 7, 2009 9:30pm
Quoting wwwin
"I should note that the cemetery for seers has a huge section set aside for macro forecasters." Warren Buffet
we just had a cock-tail celebrations of a group of 20 macro forecasters..
  • #971
  • Apr 8, 2009 5:55am Apr 8, 2009 5:55am
hi all

WillowGal...its the multi color Brush and pan pic next to the Post number....lol
  • #972
  • Apr 8, 2009 5:56am Apr 8, 2009 5:56am
Quoting Willowgal
Not sure where the 'clean up' is .... here is his masterpiece http://www.forexfactory.com/showthre...10#post2658010

"its an easy one......" LOL - I've got to start somewhere

Done
  • #973
  • Edited 9:12am Apr 8, 2009 8:56am | Edited 9:12am
Quoting smjones
Done
That was way too easy. I was sleeping when willow first posted and get up and done deal...LOL

PS....regarding wis, not sure if this is a final verdict or if he may reappear with new name and gig...the phoenix has risen before...but it looks as if we may be laid off for a while due to lack of work...this economy has no mercy...
Attached Image
  • #974
  • Edited 10:59am Apr 20, 2009 10:24am | Edited 10:59am
hi all...


I just like how exhaustion plays no part in todays trading...lines were hit numerous times, even broken then trades taken...

Someone said what a perfect bounce off 1.2907.....well not on my charts...bounced about 10 pips not taking spread into account then went straight through it...
  • #975
  • Edited Apr 29, 2009 12:04am Apr 28, 2009 5:19pm | Edited Apr 29, 2009 12:04am
I don't understand how these people only made 7% a month (after padding the statement) when newbies at FF have between 95% to 100% success rates trading the tick chart naked and trading bouces. http://www.cftc.gov/newsroom/enforce...pr5643-09.html
  • #976
  • May 21, 2009 12:42am May 21, 2009 12:42am
I read many pages of this thread and still can't find what strategy you're using... Where's it? Before these few days, I've been never so painful that my own programmed EA using counter-trend strategy blown up 2 of my accounts... (the EA doubled the accounts in the last month... but all gone now) Can any of you here share some good strategy for this crazy market? Thanks. PS.: How come I cannot send PMs...
  • #977
  • May 21, 2009 12:59am May 21, 2009 12:59am
hi all..

The reason you cant PM is because you have not made 10 posts on the forum as yet.....I think once you do that you get access to the PM system..

The reason is to stop outside spammers making 1 post and spamming the forum through the PM's....applies to any new members to FF..

As far as trading methods go....I would stay away from EA"s....take some control of your trading.....and keep the method simple.....and have more than one method....as you can see this week, trend trading (gbpjpy) would not have been kind to you...

If that method you used made you some money...try trade it manually...and take a look at why it failed and lost you money...it must work in some market conditions as you won.
  • #978
  • May 21, 2009 1:56am May 21, 2009 1:56am
Quoting Angler
hi all..

The reason you cant PM is because you have not made 10 posts on the forum as yet.....I think once you do that you get access to the PM system..

The reason is to stop outside spammers making 1 post and spamming the forum through the PM's....applies to any new members to FF..

As far as trading methods go....I would stay away from EA"s....take some control of your trading.....and keep the method simple.....and have more than one method....as you can see this week, trend trading (gbpjpy) would not have been kind to you...

If that...
I see... I'll try to PM after I have enough posts. Thanks for the hint.
I understand how the EA failed after some eximination... except some risk management needs to be added, it also needs to avoid actions to be made under certain conditions...
How come GBPUSD can have no notable retracement for 3 bullish days... only one retracement can make the EA alive again.
Anyway, I think after all these additions the EA will turn out to be more and more complicated... That's why I want some more easy strategy...
  • #979
  • May 21, 2009 3:10am May 21, 2009 3:10am
Quoting ppc123
I read many pages of this thread and still can't find what strategy you're using... Where's it? Before these few days, I've been never so painful that my own programmed EA using counter-trend strategy blown up 2 of my accounts... (the EA doubled the accounts in the last month... but all gone now) Can any of you here share some good strategy for this crazy market? Thanks. PS.: How come I cannot send PMs...
If you want a REAL strategy for any market. (These markets are no crazier than any other markets), Look into to the No Brainer Trades Thread
http://www.forexfactory.com/showthread.php?t=86429
and his series of videos.
http://www.viddler.com/explore/NoBrainerTrades/videos/

This thread will teach you how to trade, not trade a system, or strategy.
  • #980
  • May 21, 2009 10:04pm May 21, 2009 10:04pm
Hi all..

Well this question goes to the guys on WisdomFX thread...

I noticed FXdanny4X has been doing some YouTube and posts on a Blog..

Just wondering why in the Blog I can find no credit going to WisdomFX when you post his levels and mention Power Levels.. I think I saw a link somewhere coming to FF.....But there is no link in the LINK SECTION...

And looking at the lastest YouTube....the link shown there goes to Danny's Blog....

Hope Danny you are not trying to get more activity on your Blog and using WisdomFX levels ( without credit ) to do it...
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