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Wisdom and his Power Level Thread

  • #181
  • Nov 25, 2010 9:32am Nov 25, 2010 9:32am
Quoting bobowang
red, i totally agree with you.
I am here trying to push wisdom offer free service again!!!!!!!!!

i did say they "might" have worked well "in the past"

no system works forever and works all the time....as the markets change so must the system and the person using that system.

in my 4 months in that room many failed and left people with big losses.....everyone apart from wiz, fxranger, danny and fxmechanic.......and we all know why that was!!

becuase it was all a con and wiz couldnt make money off them himself....so he made up user names to pretend people did make money from them.
  • #182
  • Nov 25, 2010 9:33am Nov 25, 2010 9:33am
Quoting cloggie
Why would you want to. No succesful trader is going to share his trades with you, only the failed ones that can't make it in this business.

Start learning to trade for yourself.

This is a self fullfiling spiral, the noobs fail because they follow other failed noobs. Until you break that cycle you will not succeed in this bobo. Start thinking for yourself.
come on, cloggie, I am a successful trader (nobody here knows it,ha ). I have my own system. I just wanna learn more and more.
  • #183
  • Nov 25, 2010 9:34am Nov 25, 2010 9:34am
Quoting sunpost
red2010, what can I do if he was using my user name without my knowledge. I am not trying to defend his unethical behavior, but while I was trading the his PLs it was very profitable for me.

with all due respect.....

you havent been in the room since july...so you havent been trying to trade power levels for 4 months.

if they were so profitable for you, why didnt you stay in there?

they dont work and havent worked for over 4 months, as ive said time and time again.

i would have thought u might be a little pissed off that this con man used your name to con other people.........but all you seem to care about is the power levels.....

i smell a rat.
  • #184
  • Nov 25, 2010 9:41am Nov 25, 2010 9:41am
Quoting red2010
here you go mate

EU: 1.3419

GU: 1.5793

enjoy

ok, let's test this one! pL for eu now is 1.3419, tp 20pips, sl 20 pips!!! let's wait for the result!

and also, only one trade is not enough....let's wait for at least 30 trades to calculate the w/l rate....ha
  • #185
  • Nov 25, 2010 9:45am Nov 25, 2010 9:45am
Quoting bobowang
ok, let's test this one! pL for eu now is 1.3419, tp 20pips, sl 20 pips!!! let's wait for the result!

and also, only one trade is not enough....let's wait for at least 30 trades to calculate the w/l rate....ha

30 trades is not enough either, you want at least a year of trades preferably three, then break them down to currency and session, then look at the peak to valley DD on a weekly and monthly basis and make sure they don't exceed 10% or so and then you want to compare each currency weekly and monthly to the Sharpe. Then you need to do a risk audit and look at the underlying risk, only then will you consider a strategy/method.

Following a muppet in a Skype room calling out some levels is not a strategy, it is a gamble and I will guarantee you that the odds are stacked against you.
  • #186
  • Nov 25, 2010 9:56am Nov 25, 2010 9:56am
Quoting cloggie
30 trades is not enough either, you want at least a year of trades preferably three, then break them down to currency and session, then look at the peak to valley DD on a weekly and monthly basis and make sure they don't exceed 10% or so and then you want to compare each currency weekly and monthly to the Sharpe. Then you need to do a risk audit and look at the underlying risk, only then will you consider a strategy/method.

Following a muppet in a Skype room calling out some levels is not a strategy, it is a gamble.
ha, cloggie, thanks.
I just simply use exact z test. I am statistics in finance major. ha.
  • #187
  • Nov 25, 2010 9:58am Nov 25, 2010 9:58am
Quoting red2010
here you go mate

EU: 1.3419

GU: 1.5793

enjoy
ahem

check your charts 23 pip bounce and still going

to the pip accuracy

call me god

sound familiar yet????

I WILL SAY IT ONCE LAST TIME......ITS A FUCKING CON

i plotted these lines myself and they took 2 mins to work out.

EDIT: bounced 35+ pips......without a single retrace in less than 10 mins.

do you want to join my room??

new members $150 per month...cheaper than wiz.
  • #188
  • Nov 25, 2010 10:03am Nov 25, 2010 10:03am
Quoting red2010
with all due respect.....

you havent been in the room since july...so you havent been trying to trade power levels for 4 months.

if they were so profitable for you, why didnt you stay in there?

they dont work and havent worked for over 4 months, as ive said time and time again.

i would have thought u might be a little pissed off that this con man used your name to con other people.........but all you seem to care about is the power levels.....

i smell a rat.
Like i said before, i left because the number of PLs were not enough to justify the cost of the room.

getting pissed over something i have no control over is a waste of my time.

I am sorry the PLs did not work for you in the time you were in the room. But at least you got to scam Wiz with your own unethical behavior...
Quoting red2010
i never once paid wisdom $250

i worked out right away that i could share the subscriptions with other guys, and all in all there was about 8 of us that shared at one time or another so for $50 per month it wasnt bad. (worth a try i mean) mainly becuase he had such a good reputation when the room was free....many experienced traders i spoke to said he was good......so i thought it was worht a try.

i know when wiz reads that it will upset him even more.
  • #189
  • Nov 25, 2010 10:06am Nov 25, 2010 10:06am
Quoting red2010
ahem

check your charts 23 pip bounce and still going

to the pip accuracy

call me god

sound familiar yet????

I WILL SAY IT ONCE LAST TIME......ITS A FUCKING CON

i plotted these lines myself and they took 2 mins to work out.

EDIT: bounced 35+ pips......without a single retrace in less than 10 mins.

do you want to join my room??

new members $150 per month...cheaper than wiz.
good call! it's the first trade! success...let's wait for 30 trades to see the results!
  • #190
  • Nov 25, 2010 10:11am Nov 25, 2010 10:11am
Quoting sunpost
Like i said before, i left because the number of PLs were not enough to justify the cost of the room.

getting pissed over something i have no control over is a waste of my time.

I am sorry the PLs did not work for you in the time you were in the room. But at least you got to scam Wiz with your own unethical behavior...

LOL

sounds liek your a little upset for wiz??

wonder why that is??....hmmmmm

i was in the room for the free month and talked to many people. i could tell somethign wasnt right. nobody claimed to be making huge amounts, apart from "fxranger, danny, wiz and mechanic"....and i could tell right away somethign was suspicious about these guys.

when he signed in with my user name i knew something was wrong...so i spoke to a few guys who i could tell were genuine and we decided to split the cost becuase this service was not worth $250.

i am not a rich man and have worked hard for my money.

like many other people in forex.

the reason you should be pissed is becuase he used your user name, and my user name into conning people out of their hard earned money to make himself a few extra bucks.

its not only the $250 per month it is the capital that he lost people, becuase his system, swings and power levels were all bullshit.

i find it alarming that you dont care about none of that??????

says alot about you as a person......thats for sure.

hope you took my level: GU 1.5793

laters.
  • #191
  • Nov 25, 2010 10:13am Nov 25, 2010 10:13am
Quoting bobowang
good call! it's the first trade! success...let's wait for 30 trades to see the results!

pay me $150 into my paypal every month

and i will give you 2 a month for the next 14 months.

sound liek a good deal??

this is how wiz worked......

remember forex is a 50/50 chance that somethign will work or not.....anyone can go on a winning streak!

plot the lines yourself......
  • #192
  • Nov 25, 2010 10:20am Nov 25, 2010 10:20am
Quoting red2010
pay me $150 into my paypal every month

and i will give you 2 a month for the next 14 months.

sound liek a good deal??

this is how wiz worked......

remember forex is a 50/50 chance that somethign will work or not.....anyone can go on a winning streak!

plot the lines yourself......
I think wisdom may shut down his service soon. so it can't last 14 months.

my major is stat. so i know how to calculate the prob, and how to make stat inferences.
  • #193
  • Nov 25, 2010 11:02am Nov 25, 2010 11:02am
Quoting bobowang
I think wisdom may shut down his service soon. so it can't last 14 months.

my major is stat. so i know how to calculate the prob, and how to make stat inferences.

mate, have you read this thread?

THERE IS NO PAYING MEMBERS LEFT IN HIS ROOM.

that is 100% fact.

stats are good i guess , but what im learning in this game is to keep it simple.....nothing works all the time.

go back through the charts, stick to 1 or 2 pairs.....use daily for support and resistance, and h4 + daily for trendlines.

WAIT for price to get stuck.....and see where it gets stuck (consolidates) you need to see 3 or 4 attempts on h1 to break that level....atleast.....

then let price move away and keep an eye on it.......chances are price will come back to this level (some day in the future) and try again.......thats when you pull the trigger.

if price is on a real surge....and moving fast towards your level.....then wait.

thats it.

keep it simple.

ONLY hesistate when price is moving like 20 pips on a minute candle or if its news time.

hope that helps.
  • #194
  • Nov 25, 2010 11:20am Nov 25, 2010 11:20am
Quoting red2010
sounds liek your a little upset for wiz??
Far from it, Wiz is reaping what he has sowed. He lost his credibility, which is much more devastating to him, than me getting pissed


Thanks for the trade, but I am too busy cooking the bird today to trade
  • #195
  • Nov 25, 2010 11:33am Nov 25, 2010 11:33am
bobowang

why do you keep sending me private msgs askign me for the old power levels from wisdoms site???????????????????????????????????????????????????

above i tried to explain to you how i worked out the levels for GU and EU that i gave earlier....

GU worked exactly to the pip for +35......and im a shit trader mate......trust me on that.

ANYONE can do it....

the hardest part of trading is pulling the trigger time and time again.......after losses.....becuase you start to question yourself.

this is what happened to me after being in wisdoms room and after i lost on his levels.

and this is why ive posted in here so much to try and save other people from making the same mistakes i did.

SO WHY ON EARTH YOU STILL WANT HIS OLD POWER LEVELS IS BEYOND ME.
  • #196
  • Nov 25, 2010 9:29pm Nov 25, 2010 9:29pm
Quoting red2010
bobowang

why do you keep sending me private msgs askign me for the old power levels from wisdoms site???????????????????????????????????????????????????

above i tried to explain to you how i worked out the levels for GU and EU that i gave earlier....

GU worked exactly to the pip for +35......and im a shit trader mate......trust me on that.

ANYONE can do it....

the hardest part of trading is pulling the trigger time and time again.......after losses.....becuase you start to question yourself.

this is what happened to me after being in...
just because:
1. I still think pl is valid. it's at least 80% correct if you use sl 20pips and tp 20pips. I have the chat history in skype room from 09,2009. it's more than 1000pages. I went through it, and backtested it. the result is: for 100 trades, you can win at least 80 trades. for this 20pips sl and 20pips tp, it's not 98% correct, but still a good signal.
My major is stats, so I know the different between two-dimension random walk and a good signal.

2. The journal in wisdom's thread is not good. At least,I know,in april, wisdom lost 150pips in one swing trade. but you couldn't find it in his journal here. so the journal is useless.

That's why I ask you to send me the history PLs in his paid service.
  • #197
  • Edited Nov 26, 2010 9:01am Nov 25, 2010 9:52pm | Edited Nov 26, 2010 9:01am
Quoting bobowang
just because:
1. I still think pl is valid. it's at least 80% correct if you use sl 20pips and tp 20pips. I have the chat history in skype room from 09,2009. it's more than 1000pages. I went through it, and backtested it. the result is: for 100 trades, you can win at least 80 trades. for this 20pips sl and 20pips tp, it's not 98% correct, but still a good signal.
My major is stats, so I know the different between two-dimension random walk and a good signal....
ok i really want this to be my last post in this thread.

ive tried to help as much as i can but im getting distracted from my own trading.

you have the results from september 2009. over one year ago.

i have the results from the last 4 months. and the levels dont work. there is no way you could set a pending order for 20pip TP and 20 pip SL and make 80% return.

thats why this guy tried to con everybody.... he knew the levels were shit.

forex is a crazy ever changing market so things dont always stay the same....your stats will tell you that.

im tired of repeating myself now, just like im sure everyone is tired of reading my posts.

good luck with your trading bro....
  • #198
  • Last Post: Nov 26, 2010 8:23am Nov 26, 2010 8:23am
Well I have results for first 10 months of this year. I can tell u PLs will not give u an edge, u can be lucky for some time but in to long run will lose money.
There was a lot of PLs claimed to be winners that was actually losers just because of spread or becaouse of worse entry (if PL is 1.3400-3408 u can have 8 pips better or worse entry). As I said before u can be lucky for some time but when big losers come you will be there for rude awakening.
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