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5% per day is achievable

  • #61
  • Jan 4, 2006 11:53am Jan 4, 2006 11:53am
I watched Franz trade on a day when the markets were cruel indeed. He got slammed, managed it like a pro and worked out of it. It was impressive. He is, by far, the best trader I've ever seen trade--and, yes, I've had the opportunity to watch some pretty good traders trade.

One of the criticisms I agree with, comes from those who point out Franz is not trading the TIMES method per se (maybe not at all?). It appears the company is finally acknowledging the point, evidenced by their recent willingness to incorporate 'some' of Franz' methodology into a revamped product. Nevertheless, nothing short of his HP and bullseye sigs source code/methods would draw me in at those prices. And even with this value added, one would still need ample access to Franz in the trading room to learn how he scales in and out of positions, when and why he uses discretion to override sigs, etc.

For all of that, a healthy chunk of dough is not too much to ask.
Thru
  • #62
  • Jan 13, 2006 2:03pm Jan 13, 2006 2:03pm
Quoting Trumpcard
If FF is such a caring, nurturing, lovey-dovey place where everyone and anyone can learn all aspects of forex trading, why was Franz so harshly criticised in this thread? I mean come on people, if you dont agree with something, dont rubbish it out the window without doing some reseach first. How much judging first, asking questions second has occurred here?
If you think this is bad you should see the incredible idiocy on Elite Trader. They KNEW he was a fraud without checking him out. Occam's Razor says that the simplest explanation is most likely, but quantum physics, among many other things, has proven this isn't true.

The simple explanation is that Franz can't be for real. But then again, it's wrong much of the time.

Quote
Good luck to Franz if what he says is true and shame on the hypocracy and closed-mindedness.
I was banned from ET for saying how good Franz is. I'm not affiliated with TI.
  • #63
  • Jan 13, 2006 9:20pm Jan 13, 2006 9:20pm
Yeah, I know of someone else who was quickly declared a fraud at ET because of one supposed loss (that wasn't actually a real loss) he had after starting a trade journal. Sad.



Quoting trainr
If you think this is bad you should see the incredible idiocy on Elite Trader. They KNEW he was a fraud without checking him out. Occam's Razor says that the simplest explanation is most likely, but quantum physics, among many other things, has proven this isn't true.

The simple explanation is that Franz can't be for real. But then again, it's wrong much of the time.

I was banned from ET for saying how good Franz is. I'm not affiliated with TI.
  • #64
  • Jan 14, 2006 12:37am Jan 14, 2006 12:37am
I do not doubt Franz' honesty and ability to gain $$$ while trading. Though as a note of interest, Franz focus is on S&P e-mini trading and not Forex/Currency trading. The increase % he speaks of generating is being done so while trading S&P e-mini contracts. So this might be like comparing apples to oranges?
  • #65
  • Jan 16, 2006 4:37pm Jan 16, 2006 4:37pm
Apple and oranges, Not sure. All I care is to make money, and being a trader for so many years, i have learned if you can find one good mrket that you can concentrate on and get to know it's move, you can do a number that 100 other market could not do all together. S&P 500 is a basket of 500 great stocks and that is good enough for me. Do not get me wrong, I have traded Forex and have produced consistantly and my system works on it very well. It just while I am waiting for good signals in forex, I have done 5-7 trades in S&P and have made my money for a week of what Forex could have made for me. I am not in this business for my health. Good Luck.
  • #66
  • Jan 16, 2006 9:04pm Jan 16, 2006 9:04pm
The trader I mentioned in a previous post recently switched to Euro futures from the S&P emini, and says he's doing even better. Generally speaking, a really good trader should be able to switch to any market and still do well. One of the Market Wizards claimed he could walk into any trading pit in the world and trade any instrument. Fear and greed don't change.

The biggest difference, in my opinion, is that the S&P eminis are probably harder to trade than FX for most people. Whether it's the boys on the floor, or the huge volume of contracts traded by computers, I'm not sure, but it tends to have more false breakouts, head fakes, and ugly consolidation. However, you can still find all the same patterns, trends, retracements, reversals, etc. that you see in other markets.


Quoting accrete
I do not doubt Franz' honesty and ability to gain $$$ while trading. Though as a note of interest, Franz focus is on S&P e-mini trading and not Forex/Currency trading. The increase % he speaks of generating is being done so while trading S&P e-mini contracts. So this might be like comparing apples to oranges?
  • #67
  • Jan 28, 2006 6:51am Jan 28, 2006 6:51am
Franz: Under your very first post at Forex Factory, you posted #63 under the thread "FF Rollcall Who we are ...?" in which you were looking for a good system for trading currencies. You mentioned how you wanted to trade theories with a currency system trader since you already had a good index futures system. In a post above you say your system works well with currencies. Could you address this further and if TI works on currencies? I am confused but am impressed with your stated success! Thanks, Chase
  • #68
  • Jan 29, 2006 11:53am Jan 29, 2006 11:53am
There are so many ways to skin the cat... LoL
Click here
  • #69
  • Jan 29, 2006 12:14pm Jan 29, 2006 12:14pm
Yes I was looking for ways to trade forex little better than what I was doing. I realized, at the end of the day it is not that important where I have made the money, for as long as I have made it. Forex is great market, but waiting for some day trading signal can be little frustrating. On the other hand E-mini future S&P has sufficient amount of day trading signals that allows me to have a 9-5 job and off to spending time with family. I found it harder to have those hrs. with Forex. One thing I really like on Forex is the liquidity, but what I do not like the big spread of peps in between bid and ask.
Over so many years I have found out that if you can only trade 1 stock or 1 particular future market everyday and you become familiar with the move of that market, you make outrageous money on it. Well, the e-mini S&P is just exactly that and it is a part of biggest combination of best stocks in the world. My mother always said when you can open a knott with your hand why would you want to open it with your teeth. So I am opening it with hand. Just for record I have already surpassed the 62% return ROI for Jan. 2006. next week I will be in Orlando and later on in month of Feb. in NY. Stop by and say hi. Go to Adv. section I have posted the Info. Also there will be a banner ad soon here in Forex factory to guide you to our site. Good Luck.

Franz Shoar





Quoting chase11
Franz: Under your very first post at Forex Factory, you posted #63 under the thread "FF Rollcall Who we are ...?" in which you were looking for a good system for trading currencies. You mentioned how you wanted to trade theories with a currency system trader since you already had a good index futures system. In a post above you say your system works well with currencies. Could you address this further and if TI works on currencies? I am confused but am impressed with your stated success! Thanks, Chase
  • #70
  • Jan 29, 2006 5:14pm Jan 29, 2006 5:14pm
Quoting Franz Shoar
Over so many years I have found out that if you can only trade 1 stock or 1 particular future market everyday and you become familiar with the move of that market, you make outrageous money on it. Well, the e-mini S&P is just exactly that and it is a part of biggest combination of best stocks in the world. My mother always said when you can open a knott with your hand why would you want to open it with your teeth. So I am opening it with hand. Just for record I have already surpassed the 62% return ROI for Jan. 2006. next week I will be in Orlando and later on in month of Feb. in NY. Stop by and say hi. Go to Adv. section I have posted the Info. Also there will be a banner ad soon here in Forex factory to guide you to our site. Good Luck.

Franz Shoar
Yes, we can always pick one curency pair and trade... GBP/CHF; GBP/JPY; USD/CHF; GBP/USD pairs give more average pips range per day in that order... Your mother was keeping it simple and stupid... One time frame (M1) -- one siimple tool/setup -- courage -- discipline -- and patience...

Are you planning a vist to Canada? Toronto?

Cheers,
--
  • #71
  • Jan 29, 2006 11:17pm Jan 29, 2006 11:17pm
Quoting linuxtroll
Yes, we can always pick one curency pair and trade... GBP/CHF; GBP/JPY; USD/CHF; GBP/USD pairs give more average pips range per day in that order... Your mother was keeping it simple and stupid... One time frame (M1) -- one siimple tool/setup -- courage -- discipline -- and patience...

Are you planning a vist to Canada? Toronto?

Cheers,
--

As of now I do not see any plan for Toronto area. I will let you know on the Adv. section for any new upcoming events.

Franz Shoar
  • #72
  • Jan 30, 2006 3:33pm Jan 30, 2006 3:33pm
franz,

i sent a application form on your website and nobodys called me back yet, are you guys a little busy there??? also you dont plan on coming to the cayman islands to do a seminar anytime soon are you??? what percentage of your traders are fulltime traders??? thanks, tiago
  • #73
  • Jan 30, 2006 5:04pm Jan 30, 2006 5:04pm
Quoting tiago
franz,

i sent a application form on your website and nobodys called me back yet, are you guys a little busy there??? also you dont plan on coming to the cayman islands to do a seminar anytime soon are you??? what percentage of your traders are fulltime traders??? thanks, tiago


Hi: They are little busy but they will get back to you, to set you up for next Monday possibly. No plan of Cayman Island. I do not mind vacationing there, it is favorite spot of mine. Over 55% of my traders are full time and 2 dozen former floor traders. Good Luck.

Franz Shoar
  • #74
  • Feb 1, 2006 6:25pm Feb 1, 2006 6:25pm
franz i heard your not using the TIMES method to trade, is this the truth?? when you join TIMES is this a signal service or do they actually show you how to trade so if you want you can take it on your own without being in a room after you graduate.....ive heard that your not using the TIMES method and your using your own stuff, just want to hear it from the horses mouth, is TIMES in the near future going to add some of your personal indicators as well, if so, when??? thanks for your response franz...............tiago
  • #75
  • Feb 2, 2006 10:26pm Feb 2, 2006 10:26pm
Quoting tiago
franz i heard your not using the TIMES method to trade, is this the truth?? when you join TIMES is this a signal service or do they actually show you how to trade so if you want you can take it on your own without being in a room after you graduate.....ive heard that your not using the TIMES method and your using your own stuff, just want to hear it from the horses mouth, is TIMES in the near future going to add some of your personal indicators as well, if so, when??? thanks for your response franz...............tiago
Hi Tiago:

There are 2 parts to TI course. One that you could learn on your own and trade, and 1 that you can see other advance signal that would be impossible without the aid of computer. You receive 3 months of of the 2nd part and if you feel making 5% per day in the alert room is atractive then you can continue and pay $18.00 a day. If not you have system that you can trade on your own. The 2nd advance part simply put money in your pocket every day with gang buster signals. My Goal in the room is the 5% return every day.
Both of those method are TI signals. Good Luck.

Franz
  • #76
  • Feb 3, 2006 3:04am Feb 3, 2006 3:04am
It is possible to have 5% daily, but you have to make less trades and use bigger lots, insted of 0.1 you use 0.4. Choose pairs that are less fluctuative like cad/jpy or aud/jpy with high interest rates. Use daily charts, or 4H charts.
I have read some books and watched seminar of a trader who made from 5K$ to 40K$ in 4 months. And it is the key to be successful in forex trades.
It is a standard forex trader's error that he or she will try to catch every pip from trade.
  • #77
  • Feb 4, 2006 10:25am Feb 4, 2006 10:25am
Quoting tomecki
It is possible to have 5% daily, but you have to make less trades and use bigger lots, instead of 0.1 you use 0.4 ... I have read some books and watched seminar of a trader who made from 5K$ to 40K$ in 4 months.
Franz makes more than 5% daily on average, with 36 winning days in a row, although he doesn't do it with forex but rather with SP500 emini contracts.
  • #78
  • Feb 4, 2006 7:44pm Feb 4, 2006 7:44pm
Quoting trainr
Franz makes more than 5% daily on average, with 36 winning days in a row, although he doesn't do it with forex but rather with SP500 emini contracts.
I do it with Forex. It would be great to have someone like you speaking on my behalf!!!
The framework is there; we just have to work on our frame of mind.
  • #79
  • Feb 4, 2006 11:10pm Feb 4, 2006 11:10pm
Quoting niceguy777
I do it with Forex. It would be great to have someone like you speaking on my behalf!!!
Do you use your left brain to do it?
  • #80
  • Feb 7, 2006 5:18pm Feb 7, 2006 5:18pm
Quoting mangala
Do you use your left brain to do it?
It both sides actually, but most of us seem to need to sort out the right brain to facilitate this.
The framework is there; we just have to work on our frame of mind.
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