A trader does not have to lose before you make profit in the Forex market

Well, your thread has been misleading then - starting out writing about the cracked code/interbank thing and then posting trades you state were profitable, but all the while were MA based?

"There was never a time during the lifetime of this post so far that I mentioned anything about any system that I use until I mentioned the MAs".

Really? That statement is a total contradiction of what you've posted. Some of your posts...

#1:
"I wrote in my last post in the Rookies's forum that we have finally cracked the code for this forex market. I trade for just about 2 hrs a day and very profitable."

#9:
"I have truly cracked the code for the forex market, but, it seems some people still do not believe it. I have made 1167 pips in May 2010 alone trading for less than 2 hours a day and risking only 1% of my entire trading fund at a time. I am even looking at trading for only about 20 minutes a day soon."

#19:
"I am about including the daily strategy now where I will only spend 20 minutes per day. That will start today also. The code is finally cracked." (posted on 5/17)

#22:
"I just bought EUR/AUD on a 6-hr TF at 1.3993 with my SL at 3920. You can check your own chart and see how the code works." (posted on 5/17)

#33:
"If you think there is no secret to this market, drop off the thread please."

#52:
Though, I have a computer algorithm that gives me profit consistently. I have not said that I want to sell anything to anybody. Currently, I am long E/U at 1.2379, E/Y at 114.71, and G/U at 1.4422."

In the quotes I've listed above, you are indicating that you're basing the trades you're posting from your "cracked code" - esp. with your posts #19 and #22 ... on 5/17 ..."that will start today also, the code is finally cracked"... later on 5/17 "I just bought EUR/AUD... check your own chart and see how the code works". These are not MA trades (from your own statements), but from the code you supposedly cracked - so, why now you're stating your trades are from using MA's?

lol, yes actually (although maybe not 20 and 50), have you never heard of the Golden Cross?

So why mention it, unless this thread is some sort of promotion for customers to a paid-for service, "I know the secret but I ain't telling on here".

Yeah, right.

yes i know they may watch them. but seriously they wouldnt base a major trade decision off of them. they most likely watch them and do the opposite of what it says seen as how most newbies start with them and always lose do the opposite and always win hmmmm food for thought lmao. and i dont think ff needs another moving average system on here theres already 10 million combinations. and mas shouldnt be the first thing newbies look at when coming to a place like this with a huge reputation as being one of the best forums. its misleading really as all newbies end up ditching m.as and oscillators and crap after years of trialling and never getting anywhere.

regards damien

Sorry Damien, in that case you're totally missing what these moving averages represent. Read up on the subject, it's actually quite interesting.

Novices don't lose because they use moving averages or any other system/strategy/indicator, they lose because they don't know how to trade! A few survive the learning curve, most don't unfortunately.

from another site

The trend analysis using two moving averages indicates the significant signal to buy or sell in the forex market, so called, the golden cross and the dead cross. Both of those crosses warn the approaching turning point against the market trend.
The golden cross emerges when the short term moving average breaks upward beyond the curve of the longer term moving average, which indicates the end of the down trend and the start of the new up trend. On the other hand, the dead cross emerges when the short term moving average breaks downward below the curve of the longer term moving average, which indicates the end of the up trend and the start of the new down trend.
If you are conscious to the market trend in the forex trading, both the golden cross and the dead cross will give you a basic signal where to buy or sell.


it gives the basic place where to buy and sell what about precise entries and exits, risk reward you dont know how far a trade will go before they cross again. lets see they lag so the trends already changed before they cross. why miss out on pips you could have not using mas? why not define exact entry and exits through much easier ways of trading.



damien

'Warn' being the operative word here.

By the way the use of MA's isn't unique to analysis of just the forex market, they're pretty universal for technical analysts.


That's pretty basic, don't you need to understand why and what they actually represent, or do you prefer to follow/dismiss these things without really understanding very much about them?


This isn't about 'easier', it's about an indicator of market sentiment, like I say read up on the subject if you're interested in learning about it.

Aside from all that, there's nothing to say traders aren't successfully and profitably using MA's in their tool box, just because you can't see any value in them doesn't mean others can't.

I wanna say you need to respect people damien.

Het told us about arbirtrage and it sound silly but i think some people didnt know about this.

And if you use your brain a bit it has to do something with his strategy.

But most people destro and say ooooww it is impossible etc.

Maybe this guy just wanted to share a strategy, but the Helper didnt even get a change because, a lot of people think he is a big scammer.

Number 1 you are not emotional stable and probably scammed before because you didnt used your brain.

Or you are just a asshole.

Pls next time let someone finish his things and then make a decision.


Show some respect and grow up you would be much better trader.

By the way ma's not used maybe ma cross not ore something but i know some really good traders who use them with succes.

Here try this put a ma simple ma settings 3, and shift also 3 to close.

It can help you together with other things combined.

if the ma is in the midle ranging close above trend up, close down trend down.

Combine this with a rsi21 and draw trendlines on them.

ANd you have a easy good sytem with a ma


And The Helper if you read this message pls come back and share your story.

There are some people who wanna hear it.

thats right im just an asshole you got it in one i dont mind you keep using your m.as and i will keep taking your money. i dont need a moving average to spot a trending or ranging market why because im not lazy. i spend time looking at charts rather than the indicators on it so yes keep thinking im an asshole keep using your mas and keep handing me your money. i dont mind one bit. one other thing your talking about the helpers strategy like you know it he hasnt even given it yet. not that it wil matter soon as the markets range kiss goodbye to your accounts

high regards damien

oh and p.s ive never been scammed im not stupid enough to pay money to someone who cant trade but has to sell there strategy to someone else to make a living.

Well he did say he's 'cracked the code' but isn't going to share it here so that might suggest he's trying to promote something.....we'll see.

So far no cracked code, no strategy. All we've seen are a few hindsight after-the-event trade calls without any reasoning behind them. Pretty useless really but there's time yet, let's wait and see how it pans out before giving him the seal of dis/approval!

Hi all

Reading through this thread shows me how easy it is for human beings to loose focus. I think many of us have lost it. i am not even sure if some of us are not really loosing profitable trades while taking time to contribute to the thread. Anyway, that is life atimes.

I will respond a bit to the stuffs that I have read:

1. There was no contradiction in my statements as claimed by one of the posts. Yes, I use MAs (6 of them), but I never mentioned 50 or 100. I guess I only stated that I use 10period MA to trail the market (i.e to trail my Stop Loss). I did not also state that I use MAs exclusively. I never stated how the combinations are done. You don't even know whether the combinations of the values of these MAs produces in a particular way is used to produce another indicator which is then used as part of the tools to determine entry and exit or even trailing. All that I see everybody doing here is guess work. Please, there are other indicators and settings

2. Trying to guess how it is done is going to be a fruitless effort. Nobody can figure it out, unless you develop your own system and try to follow my calls and then compare. May be that can provide some clue for you. Though, I trade mainly longer TF, but my trading system works with at least 80% accuracy on all TF. I believe if you are trading TF in minutes even up to 30mins, you may be trading "NOISE", but if you are trading anything above 1hr TF, you may be trading the "MARKET". I believe in trading the latter. One thing that I do is to use the shorter TFs to determine my entry and exit atimes, but the longer TFs gives me the signal. I just used the shorter TFs as a clue for possible retracement in case I need toi enter or exit a position at the conclusion of my trading signal candle (on the hour).

3. I like to say that I believe that there are no under 16 on this forum. So, it will not be out of point to say that we should not abuse ourselves. I assume that we are all grown-ups. We should expect differences, but, please, it should not lead to strong negative words. Let's all learn not to unleash our anger about anything at all, on somebody else. I just hope I have not caused any confusion here at all.

4. The fact that somebody does not believe in MAs does not make their usage invalid. MAs only work on combination. I never mentioned one crossing another. In fact, that will be the least of my consideration when trading.

5. One major clue to my trading system is combination of the 6MAs that I use in terms of their figures. I will definitely not state how they are combined. It is a calculation that produces something else which I then use.

6. I have been asked privately by some FF forum member if I want to sell the system, and my answer was simply "I don't know yet". I may tilt towards that direction. I think it is good for me to state that also publicly at this stage, so that anyone that wants to drop off this thread can honourably do. If I will sell any signal or system at all, I will definitely assume that there has to be at least a trial period for anyone to be satisfied with what he wants to buy into.

Finally, I will like to say it again that if my thread has caused any confusion, I am sorry, and regret it. May be I will be more proper english-like next time. Remember, I was not born in England, though, I live there.

I do not really trade on Friodays most of the time unless I have an open trade to adjust or close. Also, most of the time, I do not leave my trades open over the weekend. I always like to enjoy my weekend without thinking about trading at all.

I pray that you will successful in your trading career. Take trading as a business and not a hobby, because that is exactly what it is.

God bless you all.

Rgds

I have just closed the other half of my E/U position at +148 pips. First half closed at +233pips at 1.2618. Hope you all got some pips too.

The E/Y knocked me out on my SL as Yen gained strength while I was on d move travelling.

Enough of trading for the week. Have a nice weekend.

Happy trading day.

If you are not going to tell us the secret code of Forex you should be banned for start in FF by lying to everybody.

Spam.

Another self entitled loser looking for a handout. Hey, dont blame me, your the one that happily claims to be part of the 95% crowd. Maybe instead of looking for a handout you could try to apply yourself and learn something on your own. Oh, forgot, that require thinking and gosh, thats just too much to ask these days isnt it. Your inability to think independently of the masses is the exact reason you are part of your so-called club.

And while we are passing out ban nominations, I vote to get rid of you on the fact that you are a drain on the rest of the people here applying themselves. In either case, youve earned a coveted spot on the iggy list.

CONGRATULATIONS! You finally won something!

ROFL........................

I think the mods should take a more authoritarian approach and just ban idiots such as the OP in this thread straight off the bat.

If someone makes money, someone has to lose money. Isn't that how this market works?

Why don't you ignore me before replying me? Are you a multiple username of the creator of the thread? I think so.

Thank you for the ignore, I don't have time to reply trolls like you