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  • #601
  • Aug 5, 2010 8:24am Aug 5, 2010 8:24am
PipEasy, can I pose a question?
If someone - anyone - was able to generate 3 x R:R 1 to 1 trades per day, there would be no need to even worry about long-term trends.

If your entries are as good as this, why do you trade with the elaborate groups, counter-trades and longer-term trends? Trading 1:1 alone could get you an increase on account of at least 700% in a year compounded, without any long-term trade management?

Hell, I'm all for following trends, but I just don't get the necessity in this instance - for most mere mortals, the trend is useful because it makes up for the fact they can't reach such lofty win ratios.
  • #602
  • Aug 5, 2010 9:54am Aug 5, 2010 9:54am
Quoting triphop
PipEasy, can I pose a question?
If someone - anyone - was able to generate 3 x R:R 1 to 1 trades per day, there would be no need to even worry about long-term trends.

If your entries are as good as this, why do you trade with the elaborate groups, counter-trades and longer-term trends? Trading 1:1 alone could get you an increase on account of at least 700% in a year compounded, without any long-term trade management?

Hell, I'm all for following trends, but I just don't get the necessity in this instance - for most mere mortals, the trend...
Question or statement?

Here is something for you to disagree as well, 80% of time I could enter on 5min and at least move stop loss to breakeven.

And my unrealized profit/growth on initial starting capital for last 14months have been more than 700%. But I still cant be a billionaire from doing this cause the growth of my long term positions are still limited to the change in the main monthly trend. But Im creating $7million+ annual growth (calculating on last 14months of growth)

I would never goto your thread and dare ask (i shouldnt even consider your post as asking) on same level.

I may be wrong but I doubt you have read at least read the materials i presented with great effort before posting. Cause if you have read it, undoubtedly with your +10 voucher recommendation you wouldnt shoot off like that.

If it was a question I would have contributed some efforts to clarify any confusion for the benefit of your understanding. I big disappointment for someone who could be well respected and followed in this forum.

Now that this shit hit the fan, and some of the latest pm asking me to post live trades which is clearly unnecessary as I spent hours for the last month trying to show HOW and answering every question earnestly and give every guidance possible. Perhaps no one has read I dont babysit warning in my first post and still some blatantly have no regards. Traders asking same question that I have addressed thoroughly just 5 pages back and then purposefully choosing not to understand.

Consider me a con artist if you will and move on from this thread.

I understand expectations grow grow grow to a point I can no longer contribute and this is it.

Yes, it was all one big lie so move on.

I do not have any necessity to visit this forum. There will be no more correspondences from me. Im not taking triphop post to an extreme but it sealed off the feeling I was starting to receive.

I dedicate this thread to the open minded avid learners and I sincerely hope you all a happy healthy loving life.

G.S
  • #603
  • Aug 5, 2010 10:03am Aug 5, 2010 10:03am
Well I have learned a ton and have re-learned to respect the higher TF.
For that I'm very great full. Thank you sir.
  • #604
  • Aug 5, 2010 10:24am Aug 5, 2010 10:24am
Quoting triphop
PipEasy, can I pose a question?
If someone - anyone - was able to generate 3 x R:R 1 to 1 trades per day, there would be no need to even worry about long-term trends.

If your entries are as good as this, why do you trade with the elaborate groups, counter-trades and longer-term trends? Trading 1:1 alone could get you an increase on account of at least 700% in a year compounded, without any long-term trade management?

Hell, I'm all for following trends, but I just don't get the necessity in this instance - for most mere mortals, the trend is...
meh..

i read from start to here three times and i hav to say some of the personal questions really disrupted grame flow. i know that is the nature of forum but some of the questiond had no regard to what he was currntly say.

all threads have some dick bounce in and kicks the sand castle. wonder why such successful traders still hang around forums? to help the learners?? isnt that one of the initial intention of such threads whre we both have mutual respect for each other and learn.

you need to learn a lesson in communicating effectively douche bag. you bascally called him fibbing cause u chose not to see.

i learnt alot from grame then any other thread. one of the top threads here at forexfactory. guy deserves respect for that

tookey
  • #605
  • Aug 5, 2010 10:30am Aug 5, 2010 10:30am
Quoting pipEASY
Question or statement?
Good grief. It was a question

It wasn't meant as an attack and I'm disappointed you've taken it that way. I'm certainly not knocking your efforts, the long-term trend, the time you've clearly spent in this thread helping others, nor am I looking for statements, justifications etc etc.

Now, I trust we can move on?

Soo - it seems to me the strength is entirely in those initial entries (which you've said before), so isn't the additional long-term trend stuff more icing on the cake rather than fundamental to what you do?
  • #606
  • Aug 5, 2010 10:38am Aug 5, 2010 10:38am
I have learnt a lot from this thread and it will be sad to you go Graeme.

However I must say that outburst was childish and not what I would have expected from you.

We have no proof that you are successful other than your say so. I would personally like to believe you are genuine but not everyone is as trusting so it's natural people will question you.

With that outburst all you have done is alienate yourself but more importantly alienated anyone from asking what may be a genuine question of merit.

I would ask that you reconsider your position and continue with what may well be one of the best threads on Forex Factory for a long time.
  • #607
  • Aug 5, 2010 10:44am Aug 5, 2010 10:44am
i think it was little more than a response to triphop. not that any matters now but seriously look at last 10 pages of this thread. graeme has always been polite to all. childish? come on guys.

dunno why i get so rattled up but maybe cause some of the best traders who gaveaway reliable sensible tips got pissed off at the end and left. cause there is no reason to stay behind and get flogged away continuosly at questions that was just answered or the need to prove to anyone by going out of their way. what for? they are minted.

i dont believe everything people say, and i dont know grame but what he teached us even in our learners thinking cap is clearly sound. do we need proof?

does anyone have his email address? could he please pm me the detail?
  • #608
  • Aug 5, 2010 10:59am Aug 5, 2010 10:59am
Graeme,

This seems to always happen to the best threads on the forum. I do hope you will reconsider and keep posting as you see fit. The information you have shared is very well thought out and I for one found it invaluable. Not very often do you find solid information about trading in these public forums.

I am implementing your methodology frame work and hope to have a millipede of my very own.
  • #609
  • Aug 5, 2010 11:03am Aug 5, 2010 11:03am
Triphop,

As I see it the strength is in the "long term trend stuff" and position management. This follows the concept of letting your winners run. Just having a few 1:1 trades would be fine if your lotsize was bigger. This method lets you minimize risk by using a smaller lotsize and letting the amount of pips you make be greater.

It is the basic arguement Why not just close your trade after a small pip goal with a large lotsize vs a small lotsize and a large pips goal.

Fine tuning the entry is just the icing on the cake. I beleive we started out showing a basic entry system enter at 00 mark in the direction of the trade. We then moved onto other entries. some people were posting ma's as s/r points for entry, other fractals, and yet others trendlines.

I beleive the spirit of this thread was to show that long term tarding can build your account. Also that you will have losing trades, but with proper trade management you will perservere and profit eventually.

** Oops sorry about getting on my soapbox.

Mark

I hope PipEasy comes back. I know that running a thread can be fustrating.

In any case Thank you PipEasy for all your efforts!

Quoting triphop
Good grief. It was a question

It wasn't meant as an attack and I'm disappointed you've taken it that way. I'm certainly not knocking your efforts, the long-term trend, the time you've clearly spent in this thread helping others, nor am I looking for statements, justifications etc etc.

Now, I trust we can move on?

Soo - it seems to me the strength is entirely in those initial entries (which you've said before), so isn't the additional long-term trend stuff more icing on the cake rather than fundamental to what you do?
EllisEdi Moving on to my next trade ...
  • #610
  • Aug 5, 2010 11:17am Aug 5, 2010 11:17am
Quoting tookey
i think it was little more than a response to triphop. not that any matters now but seriously look at last 10 pages of this thread. graeme has always been polite to all. childish? come on guys.

dunno why i get so rattled up but maybe cause some of the best traders who gaveaway reliable sensible tips got pissed off at the end and left. cause there is no reason to stay behind and get flogged away continuosly at questions that was just answered or the need to prove to anyone by going out of their way. what for? they are minted.

i dont believe...
Hi Tookey

I am in full agreement with you on the matter. I find Graeme very helpful, thoughtful and revealing in what he has presented to us here. But sadly when we have signs of a great thread and the presence of someone who doesn't give out the BS that is in abundance all around us, it becomes a magnet for all the trolls, the "I know better than you" and whatever you want to call them.
I do not find Graeme childish at all and fully understand his response. If anything I am impressed with the effort that he has put in here. There are many of us who recognise his dedication to this thread and are ever so grateful to him.
  • #611
  • Aug 5, 2010 11:26am Aug 5, 2010 11:26am
Hi Graeme,

I hope you don't let a few bad apples spoil the bunch. Those sorts of posts are quite common on these forums. You should take pride that your thread lasted longer than most before this problem started to creep in.
  • #612
  • Aug 5, 2010 11:31am Aug 5, 2010 11:31am
Graeme, I am not one to post often, relying mostly on reading the various strategies and comparing them to mine, but what I have read of yours is by far one of the best strategies and analogies of the market as a whole. You have opened my eyes to a totally different way of looking at the market (forex) and for this I am very thankful. I for one would hate to see you allow a few bad apples drive you away from this forum for I do believe the majority of us truly appreciate all that you have posted. If you don't mind please reconsider.

Thanks,

AB
  • #613
  • Aug 5, 2010 11:31am Aug 5, 2010 11:31am
Quoting triphop
Good grief. It was a question

It wasn't meant as an attack and I'm disappointed you've taken it that way. I'm certainly not knocking your efforts, the long-term trend, the time you've clearly spent in this thread helping others, nor am I looking for statements, justifications etc etc.

Now, I trust we can move on?

Soo - it seems to me the strength is entirely in those initial entries (which you've said before), so isn't the additional long-term trend stuff more icing on the cake rather than fundamental to what you do?
All the info you asked is in this thread early on and repeated over and over.
  • #614
  • Aug 5, 2010 11:33am Aug 5, 2010 11:33am
This always happens to the good threads. Graeme never forced anybody to do anything. He always talked about keeping an open mind. I do not see any reason to see his trade details. He laid out his plan. Anybody can try it on demo while they are testing other stuff. If his method seems profitable, then adopt it; otherwise just walk away from this thread.

Graeme, please come back. You don't know how many times a day I check this thread to get something new from you. you have shown me a completely new perspective in my trading. Rather than trying to anticipate the market move, now I have learnt how to go with the flow.

Thanks again for all you have taught me and others.

Pillager.
  • #615
  • Aug 5, 2010 11:37am Aug 5, 2010 11:37am
Quoting ozziedave
Hi Graeme,

Early in the week I entered a GBPUSD long trade at 1.5720 and price went up nicely from there. When price got to what appeared to be the top at 1.5962 and suddenly reversed with a strong bearish candle I exited at 1.5870. I exited due to the strong bearish candle and what I believed to be the top of Elloitt Wave 5. Now here is where I struggle to hold onto positions. Because I've been trading for a few years and have been exposed to many different trading systems/methodologies I tend to use some of the tools from my previous systems...
I'm no expert but there is always the possibility that this method doesn't suit you. Some guys seem to just prefer to be in and out of the market intraday or before the end of the week. I think it is a learnable way to do things though. So far it seems to be a natural fit for me because I have been a buy and hold investor for years.
  • #616
  • Aug 5, 2010 11:57am Aug 5, 2010 11:57am
Quoting boz5
pip_daddy,

Thanks for the reply. I understand what you are saying, but part of the premise of the methodology is to get in close to the open. That was kind of what I was getting at. Any US traders trading this and, if so, what times do you trade?

Thanks
I'm no expert but that is where I kind of do my own thing for entries. As I believe Graeme said, his entry methods are not necessarily the only way or the best way. Also, the start of a daily candle will differ depending on the timezone your broker uses. I use a broker who's candle starts at the beginning of the Auzzie session. I think that's better than US brokers who's candles start at the beginning of the London session IMHO.
  • #617
  • Aug 5, 2010 12:04pm Aug 5, 2010 12:04pm
hi pip_daddy

just wondering if you worked closely with graem and have his email? im sure his profile had it before option but its no longer there?

i didnt get a chance to ask any of my questions but apart from that i would like to say thanks as well

i was so fed up making 10-30 pips a day and then a bad week to wipe it all out. i didnt know what was wrong with me? but now i know

tookey
  • #618
  • Aug 5, 2010 12:20pm Aug 5, 2010 12:20pm
On the beginning of this thread you said that the money management is one of the (paraphrasing) cornerstones of a successful trading. This is why I would like to set a good money managing plan before I start of with this system.
I will sketch what I had in mind, and could you point me in the right direction and say what could be better?

From the back testing I saw that opening two positions instead of one (one of them has hard stop loss on -100 and hard TP on +100) and the other is closed in the future when I see that it is ready to be closed. So...
1. Opening 2 positions each time

Since I believe that I can do position trading on a longer time frames even with my account of 10$ (my broker lets me trade from 1cent) and that I can earn the same percentage as if I would trade with 10,000$ (correct me if I am wrong) I will be posting in percents, rather than in lots or US dollars. So...
2. Each position would be 1% big (1% from my account ballance)

3. I will be trading on around 20 currency pairs (more likely in the beginning it will be on a few pairs, because I will not make myself to enter at all costs, but only when the opportunity arrives)

4. (and this is the point that I am least sure) Since this system requires to have multiple positions open, I realized that if I take this money management rules, that I will pretty soon run out of free money for trading, since most of it will be "on the market". And even though majority of open positions will be in the profit (since the losing positions close rather quickly) I will still run out of "free money" that is not in the market. So...
How much of my capital should be "in the game" (in %)?
How many position do you think I should hold the most in the same time?
Also, what do you think about these rules? What would you change? What would you add?
Thanks in advance
  • #619
  • Aug 5, 2010 12:29pm Aug 5, 2010 12:29pm
if i were Master Graeme, i'll definitely leave the thread, at least for a couple of weeks... so that questions like these may be solved by re-reading, re-reading, and re-reading.

He's coming to teach us one thing, he's not coming to teach us everything.

Quoting agapetos
Also, what do you think about these rules? What would you change? What would you add?
Thanks in advance
  • #620
  • Aug 5, 2010 1:09pm Aug 5, 2010 1:09pm
someone can tell me where open trades are closed?
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