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  • #81
  • Edited 7:20am Mar 24, 2011 6:59am | Edited 7:20am
Quoting Aussie_Pride
Guys so far the thread is 5 pages long and it hasn't really got anywhere,...
on my screen, it's only about 2 pages long

Quoting basalp
it... I am a professor I deserve respect.
anyone can be anybody on the internet.
anyone can say anything on the internet.
do u have proof that u are a professor

Quoting traderjai_inhi
Sorry, but respect is to be earned, not deserved.
...


Quoting Hova
I wonder why a professor deserves respect, for what ?
In this business your title is worth nothing, i hope you know that.
yes, even if u are president of the universe.
trading is a different ballgame.

btw, not all professors deserve respect. if u know what i know & mean.

Quoting basalp
I am not in a rush...
not in a rush?
i thought u are a professor? teachers got little time on their hands..

Quoting basalp
anyway, I go on....
will continue
(as have been mentioned)
please tell your 'story' within 1 or 2 posts. ( i got a good idea why u are making multiple posts)

& why in the Rookie section? to entice rookies?

Quoting basalp
I can respond your question in my private message section. I think mentioning my broker is an advertisement.
why do u post MT4 log in details here, while the MT4 broker involved is not mentioned?

no need to use private messaging. please share all u know here.
we are interested.... & u will be (or have been?) reported to Twee.
thank you


i think u pressed the wrong "button"... or posted on the wrong forum.. or both
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  • #82
  • Mar 24, 2011 1:16pm Mar 24, 2011 1:16pm
I do not advertise my broker here. It's totally out of this thread.

My purpose was to explain my experience to yourselves. I have seen so far you are just interested in making money. Ok then. I will try to sum up my strategy in 1 post because you are very busy and you do not enough time.

1) String theory

In string theory, elementary particles are not
points but vibrating strings. Strings are smallest parts of everything. Everything is different from each other because of strings vibrate at different levels and they are able to changed. They are flexible like prices. We(stings) decide prices by thinking differently (buyer-seller-and again buyer... ) like vibrating at different levels. If there were pure logical traders market wouldn't let anyone to loose or win all the time. We trade with our emotions and they are not reliable (flexible-changable strings). When some of us realized this points we have started to programme EA's. Allegedly we could keep emotions out of the door however algorithms are not the way to predict future they are not flexible if they were one would predict the future. Let's ask your question. How do you decide the direction ?


2)Elliott Wave

I fallow ew's because ew's indicate human emotions-fear-reaction. I usually use daily chart sometimes 4h. My profit target is around 20 pip for each position. If I see an oppurtunity I keep waiting. I do not try to find peaks and bottoms. I just only open a position and waiting till it makes profit. If my expectations are correct I make profit in a small time if they are wrong I keep waiting. It doesn't matter -300 -600 pip for me one day my positions will close with profits and during this time I will get swaps. 1 day 4 days 1 week 2 months do not matter I do not need any stop loss. If you have a proper money management system it's impossible to get stopped out. Toss fistful coins in the air several time, compare heads and tails ratios after each time results will surprise you if you know what I mean.

3) Money Management


1/200 leverage suits my system. One position is just %1 of my budget.

That's all.
  • #83
  • Mar 24, 2011 1:34pm Mar 24, 2011 1:34pm
Quoting basalp
I do not advertise my broker here. It's totally out of this thread.

My purpose was to explain my experience to yourselves. I have seen so far you are just interested in making money. Ok then. I will try to sum up my strategy in 1 post because you are very busy and you do not enough time.

1) String theory

In string theory, elementary particles are not
points but vibrating strings. Strings are smallest parts of everything. Everything is different from each other because of strings vibrate at different levels and they are able to changed....
what do you do if positions never come back to where you entered? Like for example, if you went short the eur/usd in 2002, it would never have looked back, with 5000 pips away from your initial entry.

It just sounds like another scheme, like long-term capital management, collaterized debt obligations, ponzi scheme. As long as everything is business as usual it works out. Once something goes out of the norm, it will go so phenomenally bust, that you have to think if the inventors of the systems were complete idiots.

Your feedback would be greatly appreciated, maybe I am missing something, why your system is superior.
  • #84
  • Mar 24, 2011 4:19pm Mar 24, 2011 4:19pm
Quote
In string theory, elementary particles are not points but vibrating strings. Strings are smallest parts of everything. Everything is different from each other because of strings vibrate at different levels and they are able to changed. They are flexible like prices. We(stings) decide prices by thinking differently (buyer-seller-and again buyer... ) like vibrating at different levels......


While this would pass as a simple description of String Theory, its extension to the large scale world of Forex prices and human behaviour is extremely tenuous to say the least. In this context it is being used to provide an illusion of a physical link with presumably implied predictive capabilities when it is really no more than another system that describes change. In such a manner you could equally claim a String Theory basis for anything that was not constant or a Forex strategy based on anything that changed with time.

Quote
If I see an oppurtunity I keep waiting. I do not try to find peaks and bottoms. I just only open a position and waiting till it makes profit. If my expectations are correct I make profit in a small time if they are wrong I keep waiting. It doesn't matter -300 -600 pip for me one day my positions will close with profits and during this time I will get swaps. 1 day 4 days 1 week 2 months do not matter I do not need any stop loss. If you have a proper money management system it's impossible to get stopped out. Toss fistful coins in the air several...


This sounds a bit like a Martingale system, but possibly without the stake escalation http://en.wikipedia.org/wiki/Marting...etting_system) . In that I mean that you will have a series of relatively small gains, and then as Custos observed, you will eventually get one large loss that may take years if not decades to recover from if you can find sufficient funds to avoid a margin call and pay the interest in the meantime.
  • #85
  • Mar 24, 2011 10:23pm Mar 24, 2011 10:23pm
Let's summarize:

We have a system that has a 90%+ win rate, but 100K in unrealized losses.

The String Theory and Elliott wave count for very little, as it is the MM that is driving these stats.

The stats are typical for any system that sets 20 pip TPs (or something similar) and employs no stoplosses.

As I've said elsewhere, professional traders focus on managing risk, while amateurs are impressed by returns.

There are three types of system that I steer well clear of, because given enough time, they will eventually implode:

1. Those that have no real loss exit strategy (i.e. complete lack of risk management).
2. Those that average down (add to losing trades) without limit.
3. Those that increase position size in an attempt to recover recent losses.

OK, that's it, I've seen enough and said my piece, now I'm outta here.
  • #86
  • Mar 25, 2011 4:30am Mar 25, 2011 4:30am
In my opinion trading with your circumstances and money management will end at MC sooner or later
  • #87
  • Mar 25, 2011 6:12am Mar 25, 2011 6:12am
Quoting basalp
......
That's all.
I dont believe it. You must had some secrets and not tell us yet..

This post just to close the topic so fast..no thrill anymore...

come on professor, must be something else..not this nostoploss strategy..

doesnt matter if one word in one post...we keep reading...
  • #88
  • Mar 31, 2011 8:56pm Mar 31, 2011 8:56pm
Quoting basalp
In fact previous posts indicate how our emotions are different from each others
I always think this too!
Quoting basalp
comments are welcome however teasing is not a way I appreciate. I am a professor I deserve respect.
Your string starts to vibrate here because of emotion
Quoting basalp
This is my last message thanks for your interest
you are looking to exit your position because of emotion, but you obviously kept posting, which resembles how you trade with no stop loss (you keep holding onto your position)
Quoting basalp
I will be honest with you , wasted 8 years in the ways of the holy grail can you believe it 8 years. Now there is nothing in my hands, I got divorced sacked from university for what ,damn it forex is a monster that bites you without getting spotted. I am gonna tell you everything, soon
Here you lied to us. This resembles how we try to convince our selves to keep holding onto a loosing position by lying to ourselves saying "it will come back to profit"
Quoting basalp
Reactions to economic news and expectations are usually over exaggerated because of information asymmetry and emotions especially fear
our expectations of you revealing great news of your system was over exaggerated because of emotions
Quoting basalp
1/200 leverage suits my system. One position is just %1 of my budget.
Like you said from the beginning, it all comes down to money management, the reason why you are able to float all those negative positions is because it will only be 1% of your account and you will never be stopped out by your broker. If it is working for you good job. An EA can do the same thing though couldn't it? Just set tp to 20? Also, have you applied your strategy to a live account yet? Can you show results please?

Thanks,

~Tim

*hey you guys, another holy grail is about to be revealed here:http://www.forex-tsd.com/suggestions...tml#post394834
BRING YOUR POPCORN
  • #89
  • Apr 8, 2011 8:01am Apr 8, 2011 8:01am
This seems to be a non-stoploss again, I knew it, nobody could make that kind of profit without giving all of there trading management pushed to 100% .
  • #90
  • Apr 8, 2011 2:03pm Apr 8, 2011 2:03pm
Another SYSTEM from a CASINO PLAYER lol
  • #91
  • Apr 10, 2011 11:03pm Apr 10, 2011 11:03pm
Quoting basalp
here is my system,

I open a position and wait until it gets positive. Simple isn't it ? I do not need stop loss orders money management is everything.

That's all. Thank you. This is my last message thanks for your interest. You can check any time my demo account.
LOL...and for THIS BS you need to work everyday at least 11 hours to improve it???
But really, you can not call it a SYSTEM....
Whatever.......good luck prof
  • #92
  • Apr 11, 2011 5:36am Apr 11, 2011 5:36am
Hi Fellow traders,

Can you not all see that this was just a wind up from some bored trader. If it was reall, why not apply this rule to a live account and show us here on FF.

Was a nice string as I was hooked on such rubbish for so long. Liked the massive pop corn bag from the fellow that loaded up his supplies. Really had a loud laugh at that avater. Nice one!!

I now realise that here on FF you really get all sorts indeed.
Born to rule my Economic World and Make a Difference!
  • #93
  • May 13, 2011 5:46pm May 13, 2011 5:46pm
I believe in this guy's theory. It works for me.
  • #94
  • May 14, 2011 1:15am May 14, 2011 1:15am
Quoting Robot
I believe in this guy's theory. It works for me.
yeah, just shows that you didn't blow up your account yet and still have far to go.
  • #95
  • May 14, 2011 2:51am May 14, 2011 2:51am
Quoting basalp
I do not advertise my broker here. It's totally out of this thread.

My purpose was to explain my experience to yourselves. I have seen so far you are just interested in making money. Ok then. I will try to sum up my strategy in 1 post because you are very busy and you do not enough time.

1) String theory

In string theory, elementary particles are not
points but vibrating strings. Strings are smallest parts of everything. Everything is different from each other because of strings vibrate at different levels and they are able to...
That's all? End of the story?
RichieEU
  • #96
  • May 14, 2011 3:57am May 14, 2011 3:57am
Quoting basalp
it seems someones got jealous not a problem at all. tell you what, I am an mathematic professor and I've spent my 8 years in forex market, everyday I work at least 11 hours to improve my system and nobody is allowed to tease my system. comments are welcome however teasing is not a way I appreciate. I am a professor I deserve respect.
Never seen a professor who needs to addresse his title to gain respect.

You don't need to be a professor in math to understand that trading without SL will ruin your account. Inevitable.

These math-formula threads pop up every year and people get attracted to it every time. Why oh why.
Measure twice, cut once
  • #97
  • Last Post: May 15, 2011 3:10am May 15, 2011 3:10am
Dont you realise the author of this thread is called Elliot and he is stringing people along
I think he lives in a parallel universe
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