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Steinitz Fractal Breakout

  • #1
  • First Post: Edited 12:37pm Apr 2, 2010 12:18pm | Edited 12:37pm
I am looking for traders that use the Steinitz Fractal Breakout system for trading.

If that is you and would like to join up on Skype to trade live and bounce ideas around using this system on a daily basis, then I would be interested in hearing from you.

Apologies in advance for this next bit, but I am not looking to get into running some teaching thread or answer a stack of questions about the system..I am a professional trader and just dont have the time.

I am only interested in people that have invested time and effort into this method and have had there own personal success using it... no disrespect but this is not for traders who are looking for the holy grail or a new method to try out, but only for die hard successful Fractal fans.

Please send me a PM with your Skype address if you share my common interest in this type of trading and we can go from there.

Many Thanks


ab1
  • #2
  • Apr 3, 2010 5:23am Apr 3, 2010 5:23am
Quoting ab1
I am looking for traders that use the Steinitz Fractal Breakout system for trading.

If that is you and would like to join up on Skype to trade live and bounce ideas around using this system on a daily basis, then I would be interested in hearing from you.

Apologies in advance for this next bit, but I am not looking to get into running some teaching thread or answer a stack of questions about the system..I am a professional trader and just dont have the time.

I am only interested in people that have invested time and effort into this method...
relax mate.
it's bs imho ..paying for that when can do it yourself?

put MAs and fractals and you re done.. check this post http://www.forexfactory.com/showthread.php?t=227745

it IS making money

i didnt put it trading systems as i dont want this to become popular...


PS why steinitz .. why not williams? just tired of this bs on internet ..selling basically free can-do-it-myself systems...
  • #3
  • Apr 3, 2010 12:26pm Apr 3, 2010 12:26pm
Quoting mistersimple
relax mate.
it's bs imho ..paying for that when can do it yourself?

put MAs and fractals and you re done.. check this post http://www.forexfactory.com/showthread.php?t=227745

it IS making money

i didnt put it trading systems as i dont want this to become popular...


PS why steinitz .. why not williams? just tired of this bs on internet ..selling basically free can-do-it-myself systems...
Cheers Mate but I am relaxed...and happy using what Ive got....if you dont believe in it then thats fine, just do what you have confidence with...Ive been running it with a 75% + win rate and an account growth of over 50 % in a month...and I think I can improve on both of those figures.

Anyway good luck with your project....seen a million of them before.

cheers
  • #4
  • Apr 4, 2010 5:04am Apr 4, 2010 5:04am
Quoting ab1
...Ive been running it with a 75% + win rate and an account growth of over 50 % in a month...and I think I can improve on both of those figures.
Statement link??
  • #5
  • Apr 4, 2010 1:18pm Apr 4, 2010 1:18pm
Your system may be good, but I would advise you to have nothing to do Steinitz; he is corrupt and has been banned from this forum, and other forums. Watch out, in any dealings with him.
  • #6
  • Apr 5, 2010 2:48am Apr 5, 2010 2:48am
Quoting Brb-Fraudin
Statement link??
Im assuming by saying "Statement Link"...you mean post a statement of my account to prove something....

Who do you think you are... seriously ..... this is comical... you just come on to my thread asking to see a financial statement to prove to you that I can make money...lol... what, so you can give it your approval ? ha ha ha..thats funny !!

This forum is full of free loaders that offer nothing and are looking for proof of the performance of somebody elses system...oh yeah Ill do all the hard work, put in all the effort so people like you can come along and benefit. Get real !

Im selling nothing...Im not looking to prove myself to freeloaders...Im looking for people that have had the same experience and success that I have using this system.
  • #7
  • Apr 5, 2010 3:04am Apr 5, 2010 3:04am
Quoting Dreamliner
Your system may be good, but I would advise you to have nothing to do Steinitz; he is corrupt and has been banned from this forum, and other forums. Watch out, in any dealings with him.
Thats a pretty broad sweeping statement....I have to say personally Im not really bothered about having a debate on here about individuals and personal opinion ...as I said Im just looking for people that have had success with the system that want to team up to trade.
  • #8
  • Apr 5, 2010 9:42am Apr 5, 2010 9:42am
Agreed! Forex-tsd allow scammers to run wild and ban them for so long, I know this site is better than that. Avoid all system sellers as much as you can, but I have to say that if it is a method that does help with someones trading then it is worthwhile using it.

Quoting Dreamliner
Your system may be good, but I would advise you to have nothing to do Steinitz; he is corrupt and has been banned from this forum, and other forums. Watch out, in any dealings with him.
  • #9
  • Apr 6, 2010 4:32am Apr 6, 2010 4:32am
Jose

Thanks for contacting me on a PM...I have Skyped you and look forward to trading live with you shortly when you get my message.....doing good this morning after London open with Fractal Breakout so far.... short on GBPJPY currently ..up 70 pips at the moment.

Cheers


ab1
  • #10
  • May 5, 2010 8:04am May 5, 2010 8:04am
Hi AB1

I am a noob and have been using this system for about a month now on and off with success on demo, I am not going to trade live till I have enough confidence. So far I have tried a few systems and none of them is as easy as this one. Hopefully you will ad me to skype (not too ask you questions and such) but only to have guidance of someone next to me trading and confirming my predictions on a trade. I thank you in advance.
  • #11
  • May 7, 2010 2:30pm May 7, 2010 2:30pm
Hey,i've tried this one to,its good for a runners,but i coudnt to adjust for myself stops,tp. etc. with this system. Have a good trading
  • #12
  • May 8, 2010 4:00am May 8, 2010 4:00am
Quoting crowbar2010
Hi AB1

I am a noob and have been using this system for about a month now on and off with success on demo, I am not going to trade live till I have enough confidence. So far I have tried a few systems and none of them is as easy as this one. Hopefully you will ad me to skype (not too ask you questions and such) but only to have guidance of someone next to me trading and confirming my predictions on a trade. I thank you in advance.
Crowbar

Send me your email via a PM and Ill get back to you.

Cheers


ab
  • #13
  • May 8, 2010 4:12am May 8, 2010 4:12am
Quoting jaguarxj1
Hey,i've tried this one to,its good for a runners,but i coudnt to adjust for myself stops,tp. etc. with this system. Have a good trading
Yes you make a good and valid point about the stop system...if your not selective about your entries and dont follow all the latest ways of confirming a set up for a successful trade it can produce some scarey drawdowns.

Thats the down side to having a dynamic stoploss system...but in some of the latest webinars there is one that covers a way of having fixed stops, for those who dont like the dynamic one.

Its really personal choice..the dynamic stop system has turned more trades into winners for me than if I would have had a hard stop there. I also find if your going to use the dynamic stop you really need to also employ the trailng stop/10MA cross method for your take profit, as oppossed to the fibs, so you can catch the bigger moves...otherwise the risk reward ratio for me personally doesent work that well.

cheers


ab
  • #14
  • Jun 17, 2010 2:48am Jun 17, 2010 2:48am
Quoting ab1

Thats the down side to having a dynamic stoploss system...

cheers


ab

IE No Stop Loss! You will do well until you blow your account, and trust me it will happen if you follow Don's genius ways.

But thats your perogotive, so good luck with it
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #15
  • Jun 28, 2010 3:17pm Jun 28, 2010 3:17pm
Quoting shinny
IE No Stop Loss! You will do well until you blow your account, and trust me it will happen if you follow Don's genius ways.

But thats your perogotive, so good luck with it
Hi

Not entirely true to say "no Stop loss", The system does have a stop loss system....as a trader you make the choice if you want to place a hard stop behind one of the MA's by a certain distance, as per the rules provided. Personally I would always place a stop as an emergency safety nett, just in case my internet connection went down or some sudden news flash was released..

There's plenty of really good profitable trading systems and methods and many very good EA's, that utilise very large stops, that without them you would not make anywhere near as much profit, but stops sizes are irrelevant, if MM is good you risk the same for a 10 pip stop as you would for a 140 pip stop. Not getting that right is responsible for blowing accounts faster than anything else.

There's also no real secret to Don's genius ways, as you put it, there's many a similar system out there using the same principles.

However Fractal Breakout gives you a heads up when there's favorable conditions to take a trade, the greater experience and knowledge you have as a trader will help you decide if the signal you get is of sufficient R:R to be worth risking. But if you trade multiple pairs its a fast way of keeping up to date on market movements and opportunities.

I would guess as many people fail with Fractal breakout as they do with hundreds of other systems they try, its not always the system at fault, its a combination of inexperience (basic lack of knowledge), unrealistic expectations and poor Money management.

ab1
  • #16
  • Last Post: Jul 30, 2010 12:29am Jul 30, 2010 12:29am
Hi,
i just read about the don's fractal breakout indicator and his performance for the last 12 mths.
i am interested to get it, but would like some feed back on live users.
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