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The final Holy Grail

  • #261
  • May 10, 2010 1:38am May 10, 2010 1:38am
Looks like you got this one right
  • #262
  • May 10, 2010 1:40am May 10, 2010 1:40am
Quoting Intensity
Looks like you got this one right
being right, at the risk of a complete wipeout is reckless trading.
Thank You
  • #263
  • May 10, 2010 1:43am May 10, 2010 1:43am
Quoting wormboy
being right, at the risk of a complete wipeout is reckless trading.
I agree and I would never use such a tactic but I thought he said he exited the trade last week while it was just a take profit target.
  • #264
  • May 10, 2010 1:47am May 10, 2010 1:47am
Quoting wormboy
being right, at the risk of a complete wipeout is reckless trading.
I think that there is a little misunderstanding on this thread.
The point of this thread is to show that the "Holy Grail" (100% winning rate) does exist, even when the market is trending against your positions.
  • #265
  • May 10, 2010 1:53am May 10, 2010 1:53am
Quoting Intensity
I agree and I would never use such a tactic but I thought he said he exited the trade last week while it was just a take profit target.
hence his choice of the word "misleading" towards the other member being inappropriate.
Thank You
  • #266
  • May 10, 2010 2:00am May 10, 2010 2:00am
Quoting wormboy
hence his choice of the word "misleading" towards the other member being inappropriate.
And do you see that accusing me to be a Liar, Big Liar or cheating & faking people is appropriate?
  • #267
  • May 10, 2010 2:00am May 10, 2010 2:00am
Quoting medbs
I think that there is a little misunderstanding on this thread.
The point of this thread is to show that the "Holy Grail" (100% winning rate) does exist, even when the market is trending against your positions.
Having a position go 500 pips away from your TP isn't really the 'Holy Grail', its just a buy and hold (aka hope) type strategy.

If you predicted that the euro would come back to 1.3030, also why not increase your position at 1.2550 or something.
  • #268
  • May 10, 2010 2:01am May 10, 2010 2:01am
It does not exist and will never exist unless you have a printing press yourself. You might but not many people do so what good is it even if you have your own oil well or printing press? It's worthless!


Quoting medbs
I think that there is a little misunderstanding on this thread.
The point of this thread is to show that the "Holy Grail" (100% winning rate) does exist, even when the market is trending against your positions.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #269
  • May 10, 2010 2:03am May 10, 2010 2:03am
Quoting medbs
I think that there is a little misunderstanding on this thread.
The point of this thread is to show that the "Holy Grail" (100% winning rate) does exist, even when the market is trending against your positions.
of course. price oscillates instead of moving in a straight line, so there is always a small chance of price coming back to your initial entry. But such a strategy in my book, is called gambling.
To each his own tho. But my question to you which you was :

Quoting wormboy
But, you let yourself be close to 500 pips drawdown for 55 pips profit?
That's almost 1:10 win to loss ratio. But considering you do not utilise emergency stop in your trades, the ratio might not be applicable. My question is this, what is the max drawdown you will allow yourself for a particular trade? % wise. There must be a limit for the losses taken, else there will definitely be a complete wipeout.

Thanks
And since this is your personal journal, we'll all have to respect your space & posts. It's just that some of us (myself included) have been trading a while now & doing it for a living, a 100% win no failure trading is a bit insulting to our risk management abilities.
Do you mind sharing your live acct statement to prove there is merit in your method?

Thanks
Thank You
  • #270
  • May 10, 2010 2:08am May 10, 2010 2:08am
Quoting medbs
And do you see that accusing me to be a Liar, Big Liar or cheating & faking people is appropriate?
Yes, it was inappropriate. But to be fair, you had dodged questions which could've easily restored your credibility. The reactions from other members towards you is not to say unexpected.
This was my post here.
Thank You
  • #271
  • May 10, 2010 2:20am May 10, 2010 2:20am
As far as I can see, this could be because that would have raised the risk to unacceptable level - adding to losing positions is the ultimate.......

Quoting ToxicChili
Having a position go 500 pips away from your TP isn't really the 'Holy Grail', its just a buy and hold (aka hope) type strategy.

If you predicted that the euro would come back to 1.3030, also why not increase your position at 1.2550 or something.
  • #272
  • May 10, 2010 2:20am May 10, 2010 2:20am
Quoting wormboy
of course. price oscillates instead of moving in a straight line, so there is always a small chance of price coming back to your initial entry. But such a strategy in my book, is called gambling.
To each his own tho. But my question to you which you was :



And since this is your personal journal, we'll all have to respect your space & posts. It's just that some of us (myself included) have been trading a while now & doing it for a living, a 100% win no failure trading is a bit insulting to our risk management abilities.
Do you mind sharing...
I already put my statement, and people here, especially MolekDakula, accused me to be a cheater and being posting a fake one, so, I decided to not show any statement anymore.
  • #273
  • May 10, 2010 2:24am May 10, 2010 2:24am
What you need to understand is that the "holy grail" referes to something that's priceless yet free!

You have delivered neither. So go ahead and have fun with your trading system that almost no one else could possibly trade successfully. But don't expect intelligent people that have been trading longer than you to fall for BS in place of a holy grail.

Quoting medbs
I think that there is a little misunderstanding on this thread.
The point of this thread is to show that the "Holy Grail" (100% winning rate) does exist, even when the market is trending against your positions.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #274
  • May 10, 2010 2:26am May 10, 2010 2:26am
THANK GOD! The newbies are safe ... and medbs doesn't have to fake it anymore

Quoting medbs
I already put my statement, and people here, especially MolekDakula, accused me to be a cheater and being posting a fake one, so, I decided to not show any statement anymore.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #275
  • May 10, 2010 2:32am May 10, 2010 2:32am
Quoting medbs
I already put my statement, and people here, especially MolekDakula, accused me to be a cheater and being posting a fake one, so, I decided to not show any statement anymore.
I have not accused you of being a cheat yet.
Thank You
  • #276
  • May 10, 2010 2:32am May 10, 2010 2:32am
Quoting vilas
Granted that everyone has same rights but every newbie should understand that not everyone who posts on open forums is such a great trader that he should be followed blindly. Everyone does not even disclose the details of his trade. Although some may have the good intentions to teach, not everyone has the time or the methodology to do so. You should not expect too much. The most you should expect is to use it as a learning ground where you need to test out ideas thrown. Nothing worth having can be "had" without hard work. So, if you think that...
Absolutely: as for hard work nothing could beat that 100% strategy bloke. Thankfully I've never followed anyone blindly which is probably one of the reasons I've knocked off for the day.Having hit my target i get out before habitual over trading sets in.Profited on 5 out of 7 trades in 3 hours thanks to some very goodhearted people on this thread whos advice over yesterdays discussion i took very much to heart. Thankyou all you good people
All systems of divination, like music itself,work through patterns.
  • #277
  • May 10, 2010 2:40am May 10, 2010 2:40am
Medbs please keep on posting and also tell us little how we supose to trade your buy and sells ? is there a target or a stopploss please tell us more and dont even bother to answear the people that are not here to talk about your strategy please......



best regards
  • #278
  • May 10, 2010 2:49am May 10, 2010 2:49am
Quoting vilas
As far as I can see, this could be because that would have raised the risk to unacceptable level - adding to losing positions is the ultimate.......

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Yes, but it wasn't losing it was 100% guaranteed to win.
  • #279
  • May 10, 2010 2:52am May 10, 2010 2:52am
Quoting ToxicChili
Yes, but it wasn't losing it was 100% guaranteed to win.

lol
Attached Image
Thank You
  • #280
  • May 10, 2010 2:59am May 10, 2010 2:59am
welp, till my questions here & here are answered, I personally deem the "holy grail" method has no merit.

Good luck with your endeavours.
Thank You
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