Do you still believe in the perfect trading system? | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Not So Perfect but Perfect System 13 replies

The perfect trading system 1,207 replies

After years in trading, do you still believe in get-rich-fast BS? 98 replies

Do you believe in nest trading words... 0 replies

The perfect trading system 3 replies

Attachments: Do you still believe in the perfect trading system?
Exit Attachments

Do you still believe in the perfect trading system?

  • #41
  • Jun 15, 2009 12:35am Jun 15, 2009 12:35am
Quoting fxtrader29
Yes. A smart trader told that if I look in a mirror I will see it.
Aghhhhhhh, cliche alert.
Economists have forecast 9 out of the last 5 recessions
  • #42
  • Jun 15, 2009 10:50am Jun 15, 2009 10:50am
Quoting Rastaman
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.
I don't know, "And if you believe it does you have either never made a trade in your life or probably should never do so" ring a bell?

You know exactly what price going sideways on a chart looks like. I'm not avoiding anything, pictures have already been posted. It does not go up or down over an extended period of time, therefore it is going sideways. The phrase "price is going sideways", consolidating, etc. all represent the same thing and are all used often in the trading world.

But I forgot, you've been trading a few months now, you know better than everyone. Time is irrelevant, price only goes up or down!
  • #43
  • Jun 15, 2009 12:06pm Jun 15, 2009 12:06pm
Quoting johantebet
Now I can easily determine daily high low with H1, H4 TF Charts by using MA and SF indicators.
Really? Then you must have discovered the secret of Merlin's AMAZING Strategy.

Regarding the original question, well...you know what they say about beliefs.
  • #44
  • Jun 15, 2009 12:24pm Jun 15, 2009 12:24pm
Quoting smittens4212
I don't know, "And if you believe it does you have either never made a trade in your life or probably should never do so" ring a bell?

You know exactly what price going sideways on a chart looks like. I'm not avoiding anything, pictures have already been posted. It does not go up or down over an extended period of time, therefore it is going sideways. The phrase "price is going sideways", consolidating, etc. all represent the same thing and are all used often in the trading world.

But I forgot, you've been trading a few months now,...
Exactly, market have a fractal geometry, before make a big move price have to complete all the minor fractals moves, that's what people call "range" or "choppy", but in truth there are little trends, UP and DOWN!
  • #45
  • Jun 15, 2009 12:40pm Jun 15, 2009 12:40pm
when i read the title and before entering on this thread i said to myself "of course on the poll will be very few vots for Yes and many for No" but, surprise!!!

I don't believe... so, this poll really really show the real level of experience here. I just want to add... think twice before voting "yes". But i think that for many that voted "Yes" its just something that will pass as long as you gain more knowledge and experience.
  • #46
  • Jun 15, 2009 12:44pm Jun 15, 2009 12:44pm
Quoting Malstrom
when i read the title and before entering on this thread i said to myself "of course on the poll will be very few vots for Yes and many for No" but, surprise!!!

I don't believe... so, this poll really really show the real level of experience here. I just want to add... think twice before voting "yes". But i think that for many that voted "Yes" its just something that will pass as long as you gain more knowledge and experience.
just becouse you cant earn money consistently doesnt mean others cant
  • #47
  • Jun 15, 2009 1:31pm Jun 15, 2009 1:31pm
Quoting Malstrom
when i read the title and before entering on this thread i said to myself "of course on the poll will be very few vots for Yes and many for No" but, surprise!!!

I don't believe... so, this poll really really show the real level of experience here. I just want to add... think twice before voting "yes". But i think that for many that voted "Yes" its just something that will pass as long as you gain more knowledge and experience.
No man, the things may be two:

1) You misunderstood the term "holy grail"

or

2) You are not profitable and belive that you will never become profitable, and also belive that there is no way to gain profit from the market.

I hope that every "no" vote is a vote from traders who misunderstood the term "holy grail", with holy grail it's meant just to have your own system that work and let you take money on regular basis from the market, no matter if it's trading naked with PA, or using solely sup/res, o use fibos, or have a system with many indicators, or have a good EA, etc.. everybody have his own holy grail, but damn my earth cry when i read about people that say there doesn't exist a holy grail :|

Some studies say that human-brain need at least 10.000 hours of trading before find the "holy grail", you know what i mean, i just used a bad term for this thread, but it was just to teaser a little, i was hoping everybody understand what "holy grail" mean in this thread, it's not the holygrail trading system that you (not intended as YOU eh. ) can learn in 1 week
  • #48
  • Jun 15, 2009 2:15pm Jun 15, 2009 2:15pm
Quoting tunera
No man, the things may be two:

1) You misunderstood the term "holy grail"

.. everybody have his own holy grail,
Then you're saying there's no objective definition of the term.
  • #49
  • Jun 15, 2009 2:19pm Jun 15, 2009 2:19pm
Yes, because it doesn't exist a 100% win system.
  • #50
  • Jun 15, 2009 3:10pm Jun 15, 2009 3:10pm
the only thing that can come close to be considered a "holy grail" is experience. that is the only way to get rich in FX. and that's it.
  • #51
  • Jun 15, 2009 3:11pm Jun 15, 2009 3:11pm
Quoting blacksun1
the only thing that can come close to be considered a "holy grail" is experience. that is the only way to get rich in FX. and that's it.
...period... ()
  • #52
  • Jun 15, 2009 3:34pm Jun 15, 2009 3:34pm
Quoting blacksun1
the only thing that can come close to be considered a "holy grail" is experience. that is the only way to get rich in FX. and that's it.
And even that is not a guarauntee...Stay Deep in your research...
  • #53
  • Jun 15, 2009 5:53pm Jun 15, 2009 5:53pm
Quoting smittens4212
I don't know, "And if you believe it does you have either never made a trade in your life or probably should never do so" ring a bell?

You know exactly what price going sideways on a chart looks like. I'm not avoiding anything, pictures have already been posted. It does not go up or down over an extended period of time, therefore it is going sideways. The phrase "price is going sideways", consolidating, etc. all represent the same thing and are all used often in the trading world.

But I forgot, you've been trading a few months now, you...

You are making ridiculous comments about price going sideways.
It is physically impossible, price simply ranges one one time frame going back and fourth above and below a certain point.
Say, you look at a ranging market on the M15 then switch to a M1 tf you will see price is moving up and down and not SIDEWAYS as you ridiculously claim.

What are you, like 15 years old or something?
Starting to see instead of just looking.
  • #54
  • Jun 15, 2009 7:02pm Jun 15, 2009 7:02pm
Quoting Malstrom
when i read the title and before entering on this thread i said to myself "of course on the poll will be very few vots for Yes and many for No" but, surprise!!!
Exactly Malstrom. There is no holy grail. Actually, the success starts only when you know that there is no holy grail.

BUT there is one post in the 'trading system' section, "Strategy using Semi-martingale Position sizing" http://www.forexfactory.com/showthread.php?t=43221. Both theory and implementation are excellent. I have to admit, this is a HOLY GRAIL. I know everyone would be millionaire with this technique. But I just can't. I simply don't have initial capital required for it (for the worst case).
  • #55
  • Jun 15, 2009 8:16pm Jun 15, 2009 8:16pm
Quoting Rastaman
You are making ridiculous comments about price going sideways.
It is physically impossible, price simply ranges one one time frame going back and fourth above and below a certain point.
Say, you look at a ranging market on the M15 then switch to a M1 tf you will see price is moving up and down and not SIDEWAYS as you ridiculously claim.

What are you, like 15 years old or something?
I've been reading your argument about how impossible it is for price to go sideways. Before I reach this particular post of yours, I've suspected that you are a scalper. This post only increases my suspicion, since you mention about m15 and even m1 tf.

Of course, to scalpers (I am referring to this group of traders in general, nth against you) who are satisfied with 10 - 20 pips profit per trade, price only moves up or down. But for the other group of traders, who look at bigger tf (At least 1hr), a bullish 10 pip candle, followed by a 20 pips bearish candle, followed by a 15 pips bullish candle, and so on, is considered a sideway. (Sorry I have no chart to show). These people aim for big moves, sometimes at least 100 pips per trade. Hence small movements up and down, look sideway to them. And no, they hardly go down to m15 or even m5 charts.

Like all things, it's all about perspectives. Even the question about whether there is a holy grail. Since, my view is similar to some of the people here, I shan't elaborate.

To end off, the fact that you call people "What are you, like 15 years old or something?" makes me think you are one yourself.
  • #56
  • Edited 10:28pm Jun 15, 2009 8:34pm | Edited 10:28pm
Quoting memento
I've been reading your argument about how impossible it is for price to go sideways. Before I reach this particular post of yours, I've suspected that you are a scalper. This post only increases my suspicion, since you mention about m15 and even m1 tf.

Of course, to scalpers (I am referring to this group of traders in general, nth against you) who are satisfied with 10 - 20 pips profit per trade, price only moves up or down. But for the other group of traders, who look at bigger tf (At least 1hr), a bullish 10 pip candle, followed by a 20 pips...


I wish!

And by the way, "I didn't call people you are 15 years old" I asked if this person was!!
Starting to see instead of just looking.
  • #57
  • Jun 16, 2009 1:03am Jun 16, 2009 1:03am
Quoting tunera
No man, the things may be two:

1) You misunderstood the term "holy grail"

or

2) You are not profitable and belive that you will never become profitable, and also belive that there is no way to gain profit from the market.

I hope that every "no" vote is a vote from traders who misunderstood the term "holy grail", with holy grail it's meant just to have your own system that work and let you take money on regular basis from the market, no matter if it's trading naked with PA, or using solely sup/res, o use fibos, or have a system...
Ok, i misunderstood the term. First of all, you should explained from the first post the real meaning of the term used here.
Now, if by "holy grail" you mean: have a good trading plan. sound risk management plan. time frame doesen't mean anything to you. keep position open for days,weeks, and so on. not be excited anymorea about winning and loosing positions, because you know that in the long term your net winning will be greater than net lossing. cuting losing positions ASAP and eliminate HOPES. before enter into a trade, you focus on "how much you can lose" NOT on how much you can win! .... and so on. Then, yes I will vote "yes" in this poll.
btw, if you are profitable and you know how this 'trading' work, then you will know my experience level just reading what i wrote above.
Have a nice day.
  • #58
  • Jun 16, 2009 1:06am Jun 16, 2009 1:06am
Quoting epilogue
Strategy using Semi-martingale Position sizing Both theory and implementation are excellent. I have to admit, this is a HOLY GRAIL.
Martingale money management is suicidal IN ANY FORM OF GAMBLING... period!!
In the days of old when sailors were bold, and seldom if ever contented.
  • #59
  • Jun 16, 2009 1:13am Jun 16, 2009 1:13am
Quoting epilogue
Exactly Malstrom. There is no holy grail. Actually, the success starts only when you know that there is no holy grail.

BUT there is one post in the 'trading system' section, "Strategy using Semi-martingale Position sizing" http://www.forexfactory.com/showthread.php?t=43221. Both theory and implementation are excellent. I have to admit, this is a HOLY GRAIL. I know everyone would be millionaire with this technique. But I just can't. I simply don't have initial capital required for it (for the worst case).
You state that the road to success is admitting there is no holy grail, then you state you think that method is? You need to clarify you're thoughts and beliefs, avoid fuzzy thinking.

There is no holy grail. Except maybe if you have knowledge if big orders about to go in.
Economists have forecast 9 out of the last 5 recessions
  • #60
  • Jun 16, 2009 2:07am Jun 16, 2009 2:07am
Quoting Malstrom
Ok, i misunderstood the term. First of all, you should explained from the first post the real meaning of the term used here.
Now, if by "holy grail" you mean: have a good trading plan. sound risk management plan. time frame doesen't mean anything to you. keep position open for days,weeks, and so on. not be excited anymorea about winning and loosing positions, because you know that in the long term your net winning will be greater than net lossing. cuting losing positions ASAP and eliminate HOPES. before enter into a trade, you focus on "how...
Ehehe, i got it.. And it's always a pleasure for me to read posts from experienced traders
0 traders viewing now