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The final Holy Grail

  • #401
  • May 19, 2010 10:27am May 19, 2010 10:27am
Quoting 89tick
The same guy was posting on trade2win as well, same 100% claim and disappeared as soon as those GBPUSD and EURUSD trades went against him. Complete and utter clown, strange thing is that some people tried to defend him saying 'wait until the end of May like he asks'. You have to wonder sometimes.
He will probably be back either with excuses or a different username. If they do reach his targets, he will say it was his plan all along.
  • #402
  • May 19, 2010 10:28am May 19, 2010 10:28am
Quoting FxChi
Yeah I've silently been watching the demise of the holy grail on the forex-tsd forum too: http://www.forex-tsd.com/commercial-...ail-medbs.html. The funniest comment was, "I have a suspect you are watching the charts upside down."
It is amazing that someone can be sooooo wrong and still argue it lol.
  • #403
  • May 19, 2010 12:29pm May 19, 2010 12:29pm
I have not commented on FF in quite a while, and I admit the title of this thread caught my attention. Not that I was looking for "the holy grail" because I already trade quite well, thank you. I was curious as to what the strength and or weakness of it may be. I have no doubt the medbs may have a pretty good methodoligy in selecting his trades but the "missing link to his "holy grail" is the Stop loss, or the lack of one.
Here is a rule that MUST be one of any traders rule if they plan on doing this for any length of time successfully.
One needs a rock hard stop loss, be it 50 pips, 100 pips or whatever but you must have a point where you get out before you margin out!
Question: Why would you allow a trade to go against you 100's of pips just becasue you are certain it will come back when you get out at, let's say 100 pips and let it draw down on someone else's account, not yours. If you are so sure it will come back, pull out at -50 pips (or whatever) and let it go as far as it wants in what would have been draw down (or even margin call) against you and when/IF it does come back in the direction you were trading, you can get back in at the point you exited and resume the trade but with minimal damage to your account.
I believe it was Jacko that had a similar concept of getting out (I think he was at -40 pips) and waiting for the market to return to your direction.
I do not trade this way as I am as scalper and usually am in and out in moments/seconds and occasionally a couple of minutes.
Newbies...Be cautious of anything that pruports to be 100%. Does not exsist.
  • #404
  • May 19, 2010 12:44pm May 19, 2010 12:44pm
The stop loss discussion on this thread is pretty meaningless unless you actually know how much the risk is. You can have 500 pip stop loss and only risk 1% of your account. Depending how large your account will depend on how large your position size.

Anyways, it is funny to see all the scalpers freak out if someone has a huge stop loss.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #405
  • May 19, 2010 2:19pm May 19, 2010 2:19pm
Quoting LasVahGoose
The stop loss discussion on this thread is pretty meaningless unless you actually know how much the risk is. You can have 500 pip stop loss and only risk 1% of your account. Depending how large your account will depend on how large your position size.

Anyways, it is funny to see all the scalpers freak out if someone has a huge stop loss.
As a scalper, I do not "freak out" if someone has a large stop loss, I "freak out" when any trader has NO stop loss. This medbs apparently has NO stop loss. Can you say, "Margin call"...sooner or later.
Read my post, I said, "...One needs a rock hard stop loss, be it 50 pips, 100 pips or whatever..."
I understand there are several ways one can be successful trading, I just prefer scalping, but a NO stop loss method is a recipe for disaster...sooner or later.
  • #406
  • Edited 3:04pm May 19, 2010 2:53pm | Edited 3:04pm
Quoting Stan
As a scalper, I do not "freak out" if someone has a large stop loss, I "freak out" when any trader has NO stop loss. This medbs apparently has NO stop loss. Can you say, "Margin call"...sooner or later.
Read my post, I said, "...One needs a rock hard stop loss, be it 50 pips, 100 pips or whatever..."
I understand there are several ways one can be successful trading, I just prefer scalping, but a NO stop loss method is a recipe for disaster...sooner or later.
Maybe you don't freak out, but reading through the thread obviously some people are.

The bottom line is there is no way to know what the OP is truly doing and everything is jumping to conclusions and speculation. The comments people are making are pretty much absurd given that we don't have all the information.

I'm in no way, shape, or form defending the OP either. I'm just waiting to see how this whole thing plays out since this thread is fairly entertaining. Especially, watching the psychology of people's reaction to the thread. That is pretty much the best part for me.

OMG! OMG! OMG! He trades without a stop! OMG! OMG! OMG! Price moved against him! Price moved against him more than 5 pips, he's a loser! OMG! People trade off weekly and <GULP> Monthly charts?!?!?!?! Aaaaahhhhhhh!
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #407
  • May 19, 2010 3:50pm May 19, 2010 3:50pm
Quoting LasVahGoose
OMG! OMG! OMG! He trades without a stop! OMG! OMG! OMG! Price moved against him! Price moved against him more than 5 pips, he's a loser! OMG! People trade off weekly and <GULP> Monthly charts?!?!?!?! Aaaaahhhhhhh!
Lol, I think its more down to his claims of 100% successful system, also its slightly more than 5 pips, but we shall see if he achieves 100% by the end of the month.
  • #408
  • May 19, 2010 4:33pm May 19, 2010 4:33pm
Quoting ToxicChili
Lol, I think its more down to his claims of 100% successful system, also its slightly more than 5 pips, but we shall see if he achieves 100% by the end of the month.

Yeah, not sure which is funnier, the claim or the reaction. A little bit of fun at the factory is good.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #409
  • May 19, 2010 5:16pm May 19, 2010 5:16pm
Quoting LasVahGoose
Yeah, not sure which is funnier, the claim or the reaction. A little bit of fun at the factory is good.
I think its the lack of information that has annoyed people more lol.

Person comes in with claims, then tells people he has nothing to prove, posted the same thing all over the net.
  • #410
  • May 19, 2010 7:21pm May 19, 2010 7:21pm
Quoting ToxicChili
Lol, I think its more down to his claims of 100% successful system, also its slightly more than 5 pips, but we shall see if he achieves 100% by the end of the month.
The end of the month doesn't mean anything. The end of the year? Perhaps. Here I go again. A system with absolutely no saftey valve (stop loss) will sooner or later lose. FACT. Like it or not. Just because it works from trade to trade and then from day to day and even from month to month doesn't matter if it eventually get's you at the end of the year and wipes you out. The market has been known to go on drasticly extended and unexpected runs.
The one way one could keep from losing everything would be to only have a certain amount in your account and once it get's into profit, pull out the winnings therefore never risking the winnings, only the base amount so when a margin call does come, it can only take the base.
One of the things that keeps people talking here is the lack of information medbs gives out and the disappearance when it is a major drawdown. Not very comforting to those interested I am sure.
  • #411
  • May 19, 2010 7:52pm May 19, 2010 7:52pm
Quoting Stan
The end of the month doesn't mean anything. The end of the year? Perhaps. Here I go again. A system with absolutely no saftey valve (stop loss) will sooner or later lose. FACT. Like it or not. Just because it works from trade to trade and then from day to day and even from month to month doesn't matter if it eventually get's you at the end of the year and wipes you out. The market has been known to go on drasticly extended and unexpected runs.
The one way one could keep from losing everything would be to only have a certain amount in your account...
my hard SL is the margin call.
my TP is when 100% of the deposit amount.

Through out a year, the system can reach TP 5 times, with possible SL one time. Is it worth?
  • #412
  • May 19, 2010 8:00pm May 19, 2010 8:00pm
Quoting Stan
The end of the month doesn't mean anything. The end of the year? Perhaps. Here I go again. A system with absolutely no saftey valve (stop loss) will sooner or later lose. FACT. Like it or not. Just because it works from trade to trade and then from day to day and even from month to month doesn't matter if it eventually get's you at the end of the year and wipes you out. The market has been known to go on drasticly extended and unexpected runs.
The one way one could keep from losing everything would be to only have a certain amount in your account...
With all due respect, your range of reasoning seems to be severely flawed. It would be wise to reconsider your thoughts.
  • #413
  • May 19, 2010 8:02pm May 19, 2010 8:02pm
Quoting Tempus
With all due respect, your range of reasoning seems to be severely flawed. It would be wise to reconsider your thoughts.
Glad you cleared that up for me.
  • #414
  • May 21, 2010 1:23am May 21, 2010 1:23am
Quoting medbs
Buy EUR/USD at 1.2665, waiting for closing position.
Exit target for this trade is: 1.2900
  • #415
  • May 21, 2010 1:26am May 21, 2010 1:26am
Quoting medbs
Buy again EUR/USD at 1.2595, waiting for closing position.
Exit target for this trade is: 1.2900
  • #416
  • May 21, 2010 4:57am May 21, 2010 4:57am
Feels like progress in trading system, there caused exit targets...
Maybe after a month appear stop loss in addition. But still don't understand what is planed term for trades. Otherwise trading without system can be as well as system.
Good luck!
  • #417
  • May 27, 2010 12:57pm May 27, 2010 12:57pm
Quoting forexlion
have patience

all his trades are good

he will achieve tp before 2020 begins, why bother

patience is the key
yes when he's buried ...
You know what, I can play a chess game without even a single wrong move...
I can just wait and wait and wait...
Thanks god there is a margin call in this world, and we won't need to put money to bail out his broker's bank.
  • #418
  • May 28, 2010 2:19am May 28, 2010 2:19am
Buy EUR/AUD at 1.4509, waiting for closing position.
(Safe position)
  • #419
  • May 28, 2010 2:46am May 28, 2010 2:46am
Sell short GBP/CHF at 1.6785, waiting for closing position.
(Safe position)
  • #420
  • May 28, 2010 3:31am May 28, 2010 3:31am
So is you strategy going to be 100% profitable by end of May? G/U E/U still have a long way to go.
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