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The Raz Method

  • #141
  • Oct 22, 2009 12:25pm Oct 22, 2009 12:25pm
Thanks again Raz for reminding the rules, at last I got rid of one bad trade, I'm getting there, discipline. I had that GPB/USD trade too. But honestly speaking, I'll move to other pair, no more GBP, it's too small and doesn't even need wind to fly!

Thanks everyone, I'm planning a millionaire party in seven years time!
Holding my candle high up, my mentor lit it up once!!
  • #142
  • Oct 22, 2009 12:27pm Oct 22, 2009 12:27pm
Quoting raz
Whats up Psycic, well works is work, sucks! However I will have to look at these signals when I get back later today. From your guy's account looks like we had some hitters. So it good to see that this week turned out to be a good week of trades, it's just too bad I couldn't take em from work.
yah same here bro had a class in uni(porfolio management) suckd bad....plus the long car drives + the back aches...bah never ending....yes it turned out to be a really good week of trades...hopefully from what iv seen and learnt every week will be like this god willing!
  • #143
  • Oct 22, 2009 6:19pm Oct 22, 2009 6:19pm
Looking back I see that there were two signals on eur/usd. One winner and one loser.

Looking back I see on GBP/USD giving you one good signal for a winner(very close to being stopped out, depending on broker this could have been stopped). I think I would be consertive and call this one a possible loser. Definete follow up winner.

Looking back I see on USD/CHF good solid signal for a winner.

So 3 possible winners, and definetly one loser or maybe two. Not so great for the raz method, but still positive.

I am just being fair to my back test results. I do not want to visualize the raz method as a holy grail. So I want to justify losses anyway I can to show you that it will have one occasionally.

Pics to Illustrate

Cable: real tricky, if you got in on the first siganl, then no losses, just one winner. If you took the second signal, then you would maybe loss(it went 25 pips south of close), but then if you caught the third signal then you would have made up for it.

Euro: Definete one loser no doubt about it, I would have taken it. However stay focussed and get the next one.

Swissy: Easy winner, pure valid signal
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable.gif Size: 24 KB
Click to Enlarge Name: swissy.gif Size: 21 KB
Click to Enlarge Name: euro.gif Size: 23 KB
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  • #144
  • Oct 22, 2009 6:35pm Oct 22, 2009 6:35pm
Well this has been a crappy week for me, NOT BECAUSE OF LOSERS!!because I have missed a lot of the valid trades. However I do document them down, and as most of you who have followed me daily on this realize that I post all the trades, even if I miss them. So being fair about it

there has been;

10 winners (four I have taken)

3 Lossers (one I have taken)

So far it is shaping up to be a normal week of trading. 11 to 13 winners, and 3 to 4 losers.

Going for a quick hike, gotta get some cardio in. Will be back in an hour, lets take some trades tonight.
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  • #145
  • Edited Oct 23, 2009 12:07am Oct 22, 2009 11:57pm | Edited Oct 23, 2009 12:07am
Nice little rally right now, but like I mentioned before, a big candle like this has a high chance of a retrace. I will look for a retrace somewhere in next candle and then look for entry for LONG. If all confirms
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  • #146
  • Edited 12:32am Oct 23, 2009 12:02am | Edited 12:32am
I passed it up, because right at close of candle the histogram closed with no positive up movement and the signal line is pointing down. Invalid entry within last few secs.
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  • #147
  • Oct 23, 2009 2:38am Oct 23, 2009 2:38am
Good Mordning raz,

I worked yesterday strictly after your strategy, and i'm glad to see all the trades i took were the ones you would have taken, the only one i didnt took was the second one in the GBP/USD chart of yours because the RSI was already above the 55line.

Anyway im looking forward to next week as i will start taking the trades on my real account.

Thanks

/edit, i think after a while you dont get frustrated at all if you get a loser because you know there will be winner, and losing trades are unavoidable and part of every good and profitable strategy.
consistency wins
  • #148
  • Oct 23, 2009 2:40am Oct 23, 2009 2:40am
Sounds unlikely. However I have set forth a plan to achieve this goal with my method. I know with good discipline and consistency I can get there. Starting with a balance of $400 dollars(which I started this month on the 16th) and targeting a minimum of 10% monthly account balance goal. Let it accumulate from that point on, then I should have no issues hitting a million dollars in 7 years. Of course if I hit a higher percentage then 10% per month well then I should insure that I hit my goal sooner then 7 years.

I have attached a file showing you the calculations of taking 10% per month and then adding it to the total and taking the following month and going 10% of the new balance. As you can clearly see at 84 months(months are in the boxes) the account value well exceeds a million. I know it sound like a long journey, but hey I am willing to take the time to get there.
Attached File(s)
File Type: pdf milliondollargoal.pdf   43 KB | 365 downloads
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  • #149
  • Oct 23, 2009 2:46am Oct 23, 2009 2:46am
Quoting iTrader
Good Mordning raz,

I worked yesterday strictly after your strategy, and i'm glad to see all the trades i took were the ones you would have taken, the only one i didnt took was the second one in the GBP/USD chart of yours because the RSI was already above the 55line.

Anyway im looking forward to next week as i will start taking the trades on my real account.

Thanks

/edit, i think after a while you dont get frustrated at all if you get a loser because you know there will be winner, and losing trades are unavoidable and part of every...

Exactly, that is why I clearly wanted to demostrate that I would have taken those signals, and accepted those as real losses. I guess for being at work it kept from getting a valid signal which was a loss, but I still would have been ahead. Good to hear from you, hopefully next week we can make some real loot.
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  • #150
  • Oct 23, 2009 3:12am Oct 23, 2009 3:12am
btw take care today are some red flagged data incl. Bernanke speaking, so markets are likely to fluctuate ... i dont take any trades 30mins before and after data is released.
consistency wins
  • #151
  • Oct 23, 2009 3:31am Oct 23, 2009 3:31am
Quoting iTrader
btw take care today are some red flagged data incl. Bernanke speaking, so markets are likely to fluctuate ... i dont take any trades 30mins before and after data is released.

good eye iTrader. We will seee how the market will shift out today
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  • #152
  • Oct 23, 2009 3:55am Oct 23, 2009 3:55am
Dear Raz & Physic,

I have survived from the cursh, from now no more indiscipline! I'll organize the millionare party positively in 7 years time.

Best of luck for all followers of this thread.

Holding my candle high up, my mentor lit it up once!!
  • #153
  • Oct 23, 2009 4:14am Oct 23, 2009 4:14am
Quoting dreamfx
Dear Raz & Physic,

I have survived from the cursh, from now no more indiscipline! I'll organize the millionare party positively in 7 years time.

Best of luck for all followers of this thread.


Good to hear that you are expressing a normal heart beat right now. LOL Just kidding. Yes I am going to take baby steps with this method, and if anyone is out there that wants to embark on this journey..... we we all get there.
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  • #154
  • Oct 23, 2009 4:25am Oct 23, 2009 4:25am
Well as I stated in earlier posted. If I do not get a valid signal for about the next 4 to 5 candles. Then I am calling it a week. Looking forward to next week to having another succesful week.

I do want to point that I was very shocked to say the least that more then one or anyone had slight interest in this method. I really did not think that much of anyone would think this system was much to care for, being that TP's were low. However I guess through Live trades and explanations you can see that your losses are limited with this method. I know this was the first week, but there will be many up coming($$). For those like Psycic;Stevewide;dreamfx;iTrader and the rest that I did not mention(i do apologize), I am really impressed how well you all are adapting to this and actually going foward with it. Your guys' input is greatly appreciated and always welcomed. So lets keep it rolling.

Raz
Not the Leader here but a fellow trader with you all!
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  • #155
  • Oct 23, 2009 4:29am Oct 23, 2009 4:29am
whats up people......i see we had trades... in usd/jpy(2 trades both +25) and usd/cad (1 trade +25) missed them again, damn uni..... ill be looking for sell and only sell in gbp/usd nw... good pipin people!!!
  • #156
  • Oct 23, 2009 4:45am Oct 23, 2009 4:45am
Quoting dreamfx
Dear Raz & Physic,

I have survived from the cursh, from now no more indiscipline! I'll organize the millionare party positively in 7 years time.

Best of luck for all followers of this thread.


Hahaha im realy happy for you!!! party is on!!!!!
  • #157
  • Oct 23, 2009 4:47am Oct 23, 2009 4:47am
Raz bro, dd you take the euro buy just nw cz i found it was a valid trade just dint take it cz it was near a major resistance...!!!
  • #158
  • Oct 23, 2009 4:49am Oct 23, 2009 4:49am
Quoting Psycic
Raz bro, dd you take the euro buy just nw cz i found it was a valid trade just dint take it cz it was near a major resistance...!!!

I passed it up, MACD Signal Line was shooting down. Filtered it out. Good analysis on resistance
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  • #159
  • Oct 23, 2009 4:50am Oct 23, 2009 4:50am
I took this trade because rsi went to oversold up thru 55 level while macd wasn't doing anything near its 0 line while price was rising creating slight divergence. ADX wasn't pretty going down while DI+ was at DI- but pointing upward. It wasn't my best setup.

Entry was candle after last white arrow.

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 56 KB
  • #160
  • Oct 23, 2009 4:52am Oct 23, 2009 4:52am
Quoting raz
Well as I stated in earlier posted. If I do not get a valid signal for about the next 4 to 5 candles. Then I am calling it a week. Looking forward to next week to having another succesful week.

[size=5][color=indigo][b]I do want to point that I was very shocked to say the least that more then one or anyone had slight interest in this method. I really did not think that much of anyone would think this system was much to care for, being that TP's were low. However I guess through Live trades and explanations you can see...

The reason why i actually opened an account in Forex factory was bcz of "THE RAZ SYSTEM", IMAGINE THAT!!!! could i say more? hehehe..... im always with u!!!!!!!!! we will kill forex $$$$$$$$$$$$$$ to all !!!!!
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