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The CARMEN System Indicator

  • #1,001
  • Jan 4, 2010 7:09am Jan 4, 2010 7:09am
Quoting tahiti
Yes, 8 years.

Though I've learned you can't make money from forex in the short term, for reasons stated.

The only way I believe it's possible to make money in forex is with big positions with big TP's and SL's held over long periods and to be right about your bet as to direction and to have made the bet based on fundamentals in the first place.

Hence, forex is typically out of reach of the small guy.

I believe technicals were invented as a ruse to (again) attempt to offer a plausible explanation for random and unpredictible activity and...
Thank you for reply. Whilst I respect your right to your own opinion I disagree with most of what you have to say, as a full time TA trader for more than 6 years. We all know that there is no "holy grail" but healthy discussion with informed input is a good thing for most novice traders. I fail to understand what a fundamentalist hopes to gain by input to a technical thread.
I wish you the very best fortune with your trading, pehaps you have a thread relative to your style ? if so I would be most interested for direction to it.
" When the ship starts to sink, don't just pray. JUMP "
  • #1,002
  • Jan 4, 2010 7:09am Jan 4, 2010 7:09am
Quoting tahiti
except he still thinks there's merit in trend lines etc.)
so you seriously think trendlines are invalid? wow

Quoting tahiti
I suggest you ask yourself if you know of anyone, anyone at all, who makes real money in forex?
yeah Jacko, Merlin...there many others but they don't post here anymore. Goldman Sachs, BOA, UBS...

I have one thing to say to you: "it's better to keep your mouth shut and be thought an idiot than to open it and remove all doubt. "
  • #1,003
  • Jan 4, 2010 7:17am Jan 4, 2010 7:17am
Thanks for the post. I am sorry I had put another post and then saw your latest reply.
Please forgive me I am not trying to pester you and we will respect your wishes. In my limited experience all EAs are not profitable in the long run due to the fundamentals and all EAs need the human touch and corrections from time to time. So many people have asked for the “imperfect EA” to be posted so we can demo test it and maybe with feedback things could be improved.
As I mentioned before we will respect your wishes and I will not ask you to reconsider anymore. I thank you for your hard work and wish you all the success.
Kind Regards
  • #1,004
  • Edited 7:34am Jan 4, 2010 7:21am | Edited 7:34am
Quoting aicccia
so you ...I have one thing to say to you: "it's better to keep your mouth shut and be thought an idiot than to open it and remove all doubt. "
if you are going to keep this thread going please ban this master of forex. One wonders what he is doing in the FF. He is full of BS. If you go and see his posting he is the smart chap who on the 18th of DECEMBER said

"...Because as soon as a thousand or so people start taking the same identical trades and consistently making money, their combined presence in the market will start to weight it and the market will start to stall at Carmen levels and behave differently suddenly, and ultimately then start to go against Carmen trades. I've noticed it time and time again with other good systems over the last 8 years. Just watch and see."

He is just bitter because everyone laughed at his idiotic comments.
  • #1,005
  • Jan 4, 2010 7:48am Jan 4, 2010 7:48am
Yes, trend lines are invalid in the short term (otherwise your EA would work), and this thread is all about "HOPE'ing" to make money from forex in the short term.

I don't consider weekly etc. timeframes that you quoted in your recent post to be short term. Since you didn't quote a timeframe in your earlier post in which you referred to trend lines, and you based this thread on the premise of short term time-frame profit, I could only assume you were relating trend lines with short term tiem frames- 1m 5m 15m etc..

So not so "wow", as I never said trend lines have no relevance over longer time frames.

You quote Goldman Sachs et al who make money from forex. Didn't I say forex was typically out of reach of the small guy? Quoting G/S et al just supports my opinion.

As for the individuals you quoted, perhaps they don't post anymore becuase they've realised..

How do you know they made real money? Did you ever see their live statements? There are so many wannabee bullshi_ con artists in forex, you can't take anyones word for it in forex.

The only way to prove me an idiot for standing by my opinion is to present evidence of a "system" that does make money on short time frames in the long term, not just for a week or month or so.

Until that time each of our opinions is equally valid, though with the weight of evidence, teack record and history firmly supporting my opinion at present.

I could equally say to you that it is idiotic (to use your term) to have spent 4 years and thousands of hours messing around with indicators and EA's on a pie-in-the-sky wild goose chase? Wasn't 1 year enough?


Quoting aicccia
so you seriously think trendlines are invalid? wow

yeah Jacko, Merlin...there many others but they don't post here anymore. Goldman Sachs, BOA, UBS...

I have one thing to say to you: "it's better to keep your mouth shut and be thought an idiot than to open it and remove all doubt. "
  • #1,006
  • Jan 4, 2010 8:07am Jan 4, 2010 8:07am
Tahiti,
By the way Carmen got me 50 pips today and done for the day. What have you done today? Can you kindly share it with FF so we can learn from your from you. All you have been doing is bashing and not made any contribution with FF. If you are frustrated in trading forex, please take your frustration somewhere else.

Quoting tahiti
Yes, trend lines are invalid in the short term (otherwise your EA would work), and this thread is all about "HOPE'ing" to make money from forex in the short term.

I don't consider weekly etc. timeframes that you quoted in your recent post to be short term. Since you didn't quote a timeframe in your earlier post in which you referred to trend lines, and you based this thread on the premise of short term time-frame profit, I could only assume you were relating trend lines with short term tiem frames- 1m 5m 15m etc..

So not so "wow", as I never...
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  • #1,007
  • Jan 4, 2010 8:09am Jan 4, 2010 8:09am
How do you know I am full of BS in stating the below?

Do you know how many active forex market participants there are at any one time so as to be able to establish that what I stated below cannot be possible?

Have you ever actually given thought to this very important aspect?

Consider it now: Just how many active forex market participants can there really be at anyone time, considering:

1. At any one time 2/3 of the world is asleep
2. Of the remaining population, what percentage of them are likely to be active participating investors?
3. Of this minute percentage, what percentage would trade "conventional" or mainstream markets like stocks, options, CFD's etc? Answer: The majority
4. Of the remaining minute percentage of the minute percentage who trade unconventional/non mainstream markets, what percentage would trade non mainstream markets such as indexes, futures, oil, gold etc. Answer: The majority
5. Of the remaining minute percentage of the minute percentage of the minute percentage, what percentage would trade binarys and other niche markets? Answer: A fair proportion.
6. So that leaves a very very small number of active forex market participants. Don't forget that 2/3 oif the world is asleep at any one time.
7. Of those would-be forex market participants who are awake and active, 95% or more of them lose.
8. The 95%+ who lose are not going to continue trading and losing and so will stop.
9. Which means that the total number of active forex market participants depends on a constant influx of new lambs to the slaughter, which just can't happen.

Just because figures of $3 trillion per day turnover are brandished over the internet doesn't mean there are lots of active participants.

Take out international trade related transactions and the "speculative" forex market turnover remaining would be a small percentage of this number.

Do you really think there can be more than 20,000 or 50,000 people at any given time actively trading forex?

Quoting astral77
if you are going to keep this thread going please ban this master of forex. One wonders what he is doing in the FF. He is full of BS. If you go and see his posting he is the smart chap who on the 18th of DECEMBER said

"...Because as soon as a thousand or so people start taking the same identical trades and consistently making money, their combined presence in the market will start to weight it and the market will start to stall at Carmen levels and behave differently suddenly, and ultimately then start to go against Carmen trades....
  • #1,008
  • Jan 4, 2010 8:19am Jan 4, 2010 8:19am
Quoting forexforex
Hi Aiccia,
It is really a sad news for me to hear that you are no longer developing Carmen...I just would like to share with people here how Carmen can be used in another tangent

forexforex
I would be grateful if you could either start your own thread or if Aicccia is not going to carry on with this one share your use of CARMEN here.

Please ignore fools such as "tahiti", reading his past comments shows his wisdom. People like him are sad and they get into threads so people take notice of them. I am ignoring him (the thread master can ban him).

Regards
  • #1,009
  • Jan 4, 2010 10:00am Jan 4, 2010 10:00am
All,

I'm making no promises, especially on time, but I'll create an EA based on Carmen. I MAY have something by the weekend but it depends on my work situation (I may have to go away tomorrow).

I've just finished work on an EA that is now being sold commercially (its not one of the mainstream $97.00 EA's and I'm not the system creator, only the programmer).

Cheers,
swnke2.
  • #1,010
  • Jan 4, 2010 10:39am Jan 4, 2010 10:39am
Quoting swnke2
All,

I'm making no promises, especially on time, but I'll create an EA based on Carmen. I MAY have something by the weekend but it depends on my work situation (I may have to go away tomorrow).

I've just finished work on an EA that is now being sold commercially (its not one of the mainstream $97.00 EA's and I'm not the system creator, only the programmer).

Cheers,
swnke2.
Thanks man, will you posting for free or selling?

It'll be much better if Aicccia could just kindly post his. But he's done more than enough by giving us the indicator in the first place.
  • #1,011
  • Jan 4, 2010 11:05am Jan 4, 2010 11:05am
Quoting tahiti
How do you know I am full of BS in stating the below?

Do you know how many active forex market participants there are at any one time so as to be able to establish that what I stated below cannot be possible?

Have you ever actually given thought to this very important aspect?

Consider it now: Just how many active forex market participants can there really be at anyone time, considering:

1. At any one time 2/3 of the world is asleep
2. Of the remaining population, what percentage of them are likely to be active participating investors?
3....
Wow Tahiti you really underestimate the retail forex market.
Retail fx traders (that's you and me) account for about 5% of the total Forex market, about 50 - 100 $billion.
I really don't think 50 000 individuals are trading a million - 2 million a day each.
Tahiti you should really learn a little more about the forex market before you decide to take such a critical approach.

Wes

P.S
I made 170 pips today. Not bad for 5 min TF hey.
Open your mind Tahiti, you'll probably make alot more money.
  • #1,012
  • Jan 4, 2010 11:50am Jan 4, 2010 11:50am
Quoting Jaula
Thanks man, will you posting for free or selling?

It'll be much better if Aicccia could just kindly post his. But he's done more than enough by giving us the indicator in the first place.
It will be posted on this forum free-of-charge,

Cheers,
  • #1,013
  • Jan 4, 2010 12:36pm Jan 4, 2010 12:36pm
Look..its a trigger not a trading method

It get you in on an edge .. your money management exploits that edge..

On the 4 I follow around 9 ,10 sigs today so far 7 good 3 bad cant ask for more

P
  • #1,014
  • Jan 4, 2010 1:00pm Jan 4, 2010 1:00pm
Exactly and the 3 bad are at what 8pip loss each? And the winners...as much as you let them
  • #1,015
  • Jan 4, 2010 1:28pm Jan 4, 2010 1:28pm
hmm yes 10 -12 pips a piece..you looking over my shoulder

P
  • #1,016
  • Jan 4, 2010 1:47pm Jan 4, 2010 1:47pm
Quoting Paulus
Look..its a trigger not a trading method

It get you in on an edge .. your money management exploits that edge..

On the 4 I follow around 9 ,10 sigs today so far 7 good 3 bad cant ask for more

P
Paulus,
Nice to see you at this thread.
What is 4 I (4 hrs)? Could you provide an example trade with you settings?
Thanks,
Kostas.
  • #1,017
  • Jan 4, 2010 3:12pm Jan 4, 2010 3:12pm
Quoting kostas1
Paulus,
Nice to see you at this thread.
What is 4 I (4 hrs)? Could you provide an example trade with you settings?
Thanks,
Kostas.
I think Paulus means on the 4 pairs he follows he got 9 or 10 signals today.

Good to see you here Paulus.
  • #1,018
  • Jan 4, 2010 7:15pm Jan 4, 2010 7:15pm
Quoting tahiti
Yes, 8 years.

Though I've learned you can't make money from forex in the short term, for reasons stated.

The only way I believe it's possible to make money in forex is with big positions with big TP's and SL's held over long periods and to be right about your bet as to direction and to have made the bet based on fundamentals in the first place.

Hence, forex is typically out of reach of the small guy.

I believe technicals were invented as a ruse to (again) attempt to offer a plausible explanation for random and unpredictible activity and...
Wow!,eight years huh..you have been trading for 8 years without any profit....don't you think it's time to give up and try something else ? Yet everytime i log on i see you here..i know you are angry for losing,not our fault.. i just hate to hear a sucker like you talk about forex like this because this is how i feed my family..i am a fulltime trader and i will always be so take your negativity and go somewhere else.
  • #1,019
  • Jan 5, 2010 12:32am Jan 5, 2010 12:32am
who said without any profit.

Yes, I would have given up, if after 1 full year I could not turn a profit.

Negativity.. or reality?

Quoting stunna29
Wow!,eight years huh..you have been trading for 8 years without any profit....don't you think it's time to give up and try something else ? Yet everytime i log on i see you here..i know you are angry for losing,not our fault.. i just hate to hear a sucker like you talk about forex like this because this is how i feed my family..i am a fulltime trader and i will always be so take your negativity and go somewhere else.
  • #1,020
  • Jan 5, 2010 12:35am Jan 5, 2010 12:35am
I note TudorGirl is on your buddy list.

If you check her thread, the general consensus is she turned out to be a complete scam.

which.. doesn't exactly speak volumes for your credibility.

Quoting stunna29
Wow!,eight years huh..you have been trading for 8 years without any profit....don't you think it's time to give up and try something else ? Yet everytime i log on i see you here..i know you are angry for losing,not our fault.. i just hate to hear a sucker like you talk about forex like this because this is how i feed my family..i am a fulltime trader and i will always be so take your negativity and go somewhere else.
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