Do you still believe in the perfect trading system? | Page 2 | Forex Factory

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Do you still believe in the perfect trading system?

  • #21
  • Jun 14, 2009 6:01am Jun 14, 2009 6:01am
Quoting Rastaman
Well perhaps you should enlighten us all with a few charts showing us price going sideways.
How about this?

http://img514.imageshack.us/img514/9381/sideways.jpg
  • #22
  • Edited 9:31am Jun 14, 2009 6:46am | Edited 9:31am
I fail to see price going sideways on that chart.

Price can go up or down, it can not go sideways.

And if you believe it does you have either never made a trade in your life or probably should never do so.
Starting to see instead of just looking.
  • #23
  • Jun 14, 2009 6:54am Jun 14, 2009 6:54am
Quoting johantebet
I have made full time research for more than 3 years...
And you're still using indicators?
  • #24
  • Jun 14, 2009 7:08am Jun 14, 2009 7:08am
Quoting johantebet
I have made full time research for more than 3 years.
Finaly I got it, simple and easy. I combined some indicators that I got from free forum like forex factory.Modified them to get better result by using multi TF. Now I can easily determine daily high low with H1, H4 TF Charts by using MA and SF indicators. I can know short term and long term trend by using MA. Entry and exit Using RSI.Trading never been so easy like now. This is my life. It is worthy to hold on my dream about holy grail. When you know where you are heading for,your will never...
Keep researching.
Economists have forecast 9 out of the last 5 recessions
  • #25
  • Jun 14, 2009 12:04pm Jun 14, 2009 12:04pm
Quoting Rastaman
I fail to see price going sideways on that chart.

Price can go up or down, it can not go sideways.

And if you believe it does you have either never made a trade in your life or probably should never do so.
I think you are making a semantic point, price itself either goes up or down, this is true. Bring in time into the equation (which should be a given anyways, unless you are trying to be an ass making a silly point), and if price stays in the same place while moving along the x-axis (time), it has moved sideways. I don't know one trader who ignores time, perhaps you should lay off the attitude and stop being a dick.

As for the holy grail, I guess it's how you define it. I define it as what it takes to finally realize profitability, which is probably a combination of different things for everyone-- finding the right system (parameters), discipline, trading psychology, money management, etc. Most traders won't find the holy grail.
  • #26
  • Jun 14, 2009 2:18pm Jun 14, 2009 2:18pm
Do you think that every trader if continue one day will find their own holygrail?

I personally (sadly) think of no :|
  • #27
  • Jun 14, 2009 2:26pm Jun 14, 2009 2:26pm
Quoting tunera
Do you think that every trader if continue one day will find their own holygrail?

I personally (sadly) think of no :|
I found mine I think... still in demo, but it looks like I will be going live relatively soon.

http://img196.imageshack.us/img196/7592/bilanzz.jpg
  • #28
  • Jun 14, 2009 2:38pm Jun 14, 2009 2:38pm
congratulation, very nice statement my friend! (sorry i hope to not invade your privacy calling you friend )

I put also mine, of friday
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  • #29
  • Jun 14, 2009 2:49pm Jun 14, 2009 2:49pm
Quoting smittens4212
I think you are making a semantic point, price itself either goes up or down, this is true. Bring in time into the equation (which should be a given anyways, unless you are trying to be an ass making a silly point), and if price stays in the same place while moving along the x-axis (time), it has moved sideways. I don't know one trader who ignores time, perhaps you should lay off the attitude and stop being a dick.

As for the holy grail, I guess it's how you define it. I define it as what it takes to finally realize profitability, which is probably...
I think the psychology and discipline are way over played, the most important thing is you find an edge, wihout that you can be the most discplined, focused trader on the planet and you still wont make a profit. Money Managent is important but is just common sense, dont risk roo much until you have a proven edge, but dont lack the courage to risk more when your edge is in play. A lot of the only risk 2% is great advice for new traders or if you havent quite got your trading down, but you need to milk the market when you have the chance. The happy with 4% a month is not for me.
Economists have forecast 9 out of the last 5 recessions
  • #30
  • Jun 14, 2009 2:57pm Jun 14, 2009 2:57pm
Quoting markmm
I think the psychology and discipline are way over played, the most important thing is you find an edge, wihout that you can be the most discplined, focused trader on the planet and you still wont make a profit....
To each their own, but if you did a little spreadsheet work, you would be surprised that 4% a month can make you very, very wealthy.

I do find it interesting that you think psychology and discipline are overplayed. In your tag...it says "In training". Just an observation.

I personally do believe in the "Holy Grail". In fact, I have found it. It was always there in front of me......I just didn't bother seeing it.

CW
  • #31
  • Jun 14, 2009 3:05pm Jun 14, 2009 3:05pm
Quoting clockwork71
To each their own, but if you did a little spreadsheet work, you would be surprised that 4% a month can make you very, very wealthy.

I do find it interesting that you think psychology and discipline are overplayed. In your tag...it says "In training". Just an observation.

I personally do believe in the "Holy Grail". In fact, I have found it. It was always there in front of me......I just didn't bother seeing it.

CW
It is true that I am still developing, at the moment I am studying economics and market microstructure, I wouldn't feel all of the time I invest was worth it with those returns. I'm not saying its the only way, just for me. BTW I am talking from the point of few of account building, if I had a bigger account then I would be happier with less and less risk and less profits and an easier life.
Economists have forecast 9 out of the last 5 recessions
  • #32
  • Edited 5:54pm Jun 14, 2009 5:39pm | Edited 5:54pm
Quoting Rastaman
The market never ever goes sideways, it goes up, down a little then a lot, and occasionally sits in one place for a while, it is impossible for the market to go sideways as it is only a two dimensional beast.
OMG that is classic
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  • #33
  • Edited 6:16pm Jun 14, 2009 5:53pm | Edited 6:16pm
Quoting >Apocalypto<
OMG that is classic
The poster you are replying to said the MARKET(not chart) price can only go up or down, Imo hes rite. The side-ways 'movement' has been coined by the age of chartists because of the way they view market data.

Think about it, the price of a cucumber went side-ways today
Living the adventure in my head.
  • #34
  • Jun 14, 2009 6:02pm Jun 14, 2009 6:02pm
You do need a trading system to follow, but if you dont know yourself and

have discipline all is for not.
  • #35
  • Jun 14, 2009 7:36pm Jun 14, 2009 7:36pm
Yes. A smart trader told that if I look in a mirror I will see it.
  • #36
  • Jun 14, 2009 7:49pm Jun 14, 2009 7:49pm
Quoting smittens4212
I think you are making a semantic point, price itself either goes up or down, this is true. Bring in time into the equation (which should be a given anyways, unless you are trying to be an ass making a silly point), and if price stays in the same place while moving along the x-axis (time), it has moved sideways. I don't know one trader who ignores time, perhaps you should lay off the attitude and stop being a dick.

As for the holy grail, I guess it's how you define it. I define it as what it takes to finally realize profitability, which is probably...

I think the problem here is, this is a silly thread with people posting ridiculous comments who do not have a clue as to trading, this includes yourself, obviously from your comments.

Time simply is a landmark of where price is currently at, where it has been and a possible indication of when it will move, it has nothing whatsoever to do with price going sideways.

Now, if you would like to explain in more depth your theory of time affecting a sideways move, I am always ready to listen.

If not, then shut up.
Starting to see instead of just looking.
  • #37
  • Jun 14, 2009 8:16pm Jun 14, 2009 8:16pm
Oh teach me Master Rastaman, you are so brilliant and cunning, please tell me more about how I should ignore time and its implications in trading. Price only moves up or down and that's all I should know That sure makes things a lot easier!

edit: yikes, only a few months ago you were saying how new you were to demoing, and you're in here telling people to shut up and stop trading because they "do not have a clue as to trading"? Because we're saying price can go sideways, a phrase oft-repeated throughout the trading world? Oh boy, that's just great
  • #38
  • Jun 14, 2009 8:30pm Jun 14, 2009 8:30pm
Not the Holy Grail, but it works so far... 8 months now on Demo accounts. The current results below are from 26th Jan 09 - 12th Jun 09... 4½ months.
Attached Image (click to enlarge)
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In the days of old when sailors were bold, and seldom if ever contented.
  • #39
  • Jun 14, 2009 8:33pm Jun 14, 2009 8:33pm
Correct me if I am wrong here, but wasn't it you that started the inflammatory posts, here?

Also, are you aware that you are avoiding my request that you show us price going sideways on a chart? That my friend, are the facts.

And yes, you are correct, I had been demo trading my own systems, still am demo trading some of them, my main system is traded live daily.
Starting to see instead of just looking.
  • #40
  • Jun 14, 2009 8:43pm Jun 14, 2009 8:43pm
If by holy grail you mean a system that churns out money if you follow it blindly, then yes-- temporarily. Traders here who have been around long enough realize that markets evolve. If traders don't adapt to these changes they are left trying to make sense of patterns that no longer have any value. This isn't to say that only discretionary traders are successful. Mechanical ("system") traders can/do succeed, but they adapt their methods. Quant traders have programs that constantly spit out money due to their small (yet profitable) edges, however they often tweak these programs with time.

Good luck,

Kris Matthews
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