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  • #4,481
  • Edited 1:50pm May 24, 2011 1:29pm | Edited 1:50pm
Quoting Nverstop
Lol interesting coincidence

http://en.wikipedia.org/wiki/Graeme_Samuel

http://www.theaustralian.com.au/busi...-1225906099903
You should remove this post.

Your links refer to a different person, and are therefore misleading and possibly offensive.

If you had read all of Graeme's (pipEasy) posts, you would know this.
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #4,482
  • May 24, 2011 1:41pm May 24, 2011 1:41pm
Quoting No1Optimist
You should remove this post.

Your links refer to a different person, and are therefore misleading and offensive.

If you had read all of Graeme's (pipEasy) posts, you would know this.
How do you know it's a different person? Have you met him?
  • #4,483
  • May 24, 2011 3:15pm May 24, 2011 3:15pm
Quoting willf
How do you know it's a different person? Have you met him?
I'm with No1Optimist on this one: He is a different person.

Kindest Regards,

Cam
  • #4,484
  • May 24, 2011 3:28pm May 24, 2011 3:28pm
Quoting cameron1st
I'm with No1Optimist on this one: He is a different person.

Kindest Regards,

Cam
You maybe right. The point was that No1Optimist felt sure it couldn't be the same person based on what Graeme had posted about himself.

We don't know anything about Graeme apart from what he has told us and if nobody here has met him we need to keep an open mind.
  • #4,485
  • May 24, 2011 4:20pm May 24, 2011 4:20pm
Regardless of who Graeme is, the effort and time on this site speaks for itself. In the end, you can either learn from his methods or not.

Ultimately, you have to prove it for yourself anyway, so who he is doesn't really matter. You can test him, by simply testing his methods.

I would say however, that where you start this method can have a huge impact on its short term success. Graeme himself admits that when he started across a number of pars it was one of the most trending periods for sometime.

I've no doubt given the material here, Graeme could make money in any market with just about any method, that's his skill; but starting in a trending market does two things: 1. improves the short term success, 2. does wonders for the confidence.

Start in a sideways market, while your PA skill isn't so great and large drawdown will occur, shaking your confidence.

Luck plays a roll in life, as it does in FX.

So those examples of people who have large legs going, could be down to skill, but also to good fortune -- only the longer term will determine which.

Just a thought...
  • #4,486
  • May 24, 2011 5:47pm May 24, 2011 5:47pm
Quoting Sjb944
Regardless of who Graeme is, the effort and time on this site speaks for itself. In the end, you can either learn from his methods or not.

Ultimately, you have to prove it for yourself anyway, so who he is doesn't really matter. You can test him, by simply testing his methods.

I would say however, that where you start this method can have a huge impact on its short term success. Graeme himself admits that when he started across a number of pars it was one of the most trending periods for sometime.

I've no doubt given the material here, Graeme...

I am in agreement with your statements, and I would like to add one more very important point, which I think sets Graeme apart from every one of the other, hundreds of Forex gurus.

Of the thousands of posts I have read by posters, and articles by the many forex teachers, purported teachers and straight out con men that crowd the internet, Graeme is the only one who is honest enough, smart enough and realistic enough to repeatedly state that it is impossible to know what the market is going to do next.

As I understand it, this is the reason why Graeme takes positions along with the immediate momentum of the particular market, regardless of whether he also has opposing positions in the same market. I believe that this is what he refers to as "diversification".

It is his suggested way of dealing with the problem of being unable to accurately predict, market direction. As soon as these positions can be brought to "Break Even" status, nothing is lost if they are stopped out.

As far as Graeme's veracity is concerned, I would like to ask willf; if you doubt what Graeme has stated about himself, his business and his domicile, why would you believe what he has written about his forex trading methods and his results?

Would you follow a teacher you do not believe in?
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #4,487
  • May 24, 2011 7:57pm May 24, 2011 7:57pm
Quoting No1Optimist
I am in agreement with your statements, and I would like to add one more very important point, which I think sets Graeme apart from every one of the other, hundreds of Forex gurus.

Of the thousands of posts I have read by posters, and articles by the many forex teachers, purported teachers and straight out con men that crowd the internet, Graeme is the only one who is honest enough, smart enough and realistic enough to repeatedly state that it is impossible to know what the market is going to do next.

As I understand it, this is the reason...

Taking opposing positions in the same market is not diversification. Its more of (partial) profit taking during particular (ranging) market conditions.

TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #4,488
  • May 24, 2011 8:52pm May 24, 2011 8:52pm
Quoting TradeStar
Taking opposing positions in the same market is not diversification. Its more of (partial) profit taking during particular (ranging) market conditions.

TS
not quite the reason Tradestar. Post #3883 has a very good illustration of reasons why Graeme trades in both directions....

"I am also strategically placing my interest to reap the 'inevitable' big move that will happen sooner or later by simply following the current movement happening"

http://www.forexfactory.com/showthre...12#post4268512

Hope this helps.
Staying in my lane...
  • #4,489
  • May 24, 2011 9:41pm May 24, 2011 9:41pm
Quoting No1Optimist
You should remove this post.

Your links refer to a different person, and are therefore misleading and possibly offensive.

If you had read all of Graeme's (pipEasy) posts, you would know this.

Actually, in my book, if these articles are accurate, and they appear to be, it makes Graeme rather more remarkable....not less so.
  • #4,490
  • Edited May 25, 2011 12:22am May 24, 2011 11:47pm | Edited May 25, 2011 12:22am
Quoting VEEFX
not quite the reason Tradestar. Post #3883 has a very good illustration of reasons why Graeme trades in both directions....

"I am also strategically placing my interest to reap the 'inevitable' big move that will happen sooner or later by simply following the current movement happening"

http://www.forexfactory.com/showthre...12#post4268512

Hope this helps.
Hi Vee,

Pl. correct me if I am wrong.

I was trying to point out to Optimist that 'diversification' does not mean opening positions in both directions, as he said in his post.

Thanks
TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #4,491
  • May 25, 2011 12:04am May 25, 2011 12:04am
Quoting No1Optimist
As far as Graeme's veracity is concerned, I would like to ask willf; if you doubt what Graeme has stated about himself, his business and his domicile, why would you believe what he has written about his forex trading methods and his results?
I don't believe either. But that's not because it's Graeme it's because I don't believe anything on forums until it's been proven.

As far as the method is concerned I am still sat on the fence. I believe in following the trend, it's what I do. But giving back so many pips when things start reversing just doesn't make sense to me personally.
  • #4,492
  • May 25, 2011 12:35am May 25, 2011 12:35am
Sorry, I know that is not closely connected with employment or thread and I apologize if it is off topic, but I just read on the Oanda site that will be introduced from May 30 Closing Trades with FIFO.

In light of this it becomes difficult to apply any trend following methodology is not it?

Thank you and sorry.
Financial Freedom
  • #4,493
  • May 25, 2011 12:36am May 25, 2011 12:36am
Quoting No1Optimist
I am in agreement with your statements, and I would like to add one more very important point, which I think sets Graeme apart from every one of the other, hundreds of Forex gurus.

Of the thousands of posts I have read by posters, and articles by the many forex teachers, purported teachers and straight out con men that crowd the internet, Graeme is the only one who is honest enough, smart enough and realistic enough to repeatedly state that it is impossible to know what the market is going to do next.

As I understand it, this is the reason...
you need to wake up.
  • #4,494
  • Edited 12:53am May 25, 2011 12:37am | Edited 12:53am
Quoting piccolo
you need to wake up.


Naivety kills!
  • #4,495
  • May 25, 2011 1:02am May 25, 2011 1:02am
Hi Graeme,

I would like to express my deepest appreciation for all your teachings, humility, wisdom and kindness. I have learned a lot these two months reading and studying your thread and I have just started trading live.

Thank You Graeme. May you and the people you care about live happy, healthy and well always.

Warmest regards,
ooops
  • #4,496
  • May 25, 2011 1:29am May 25, 2011 1:29am
Completely with you, Lawgirl. If I read well, Samuel Graeme is a victim and not the author. But some thing might have escaped my poor command of English.


Quoting lawgirl21
Actually, in my book, if these articles are accurate, and they appear to be, it makes Graeme rather more remarkable....not less so.
Patience is magic
  • #4,497
  • May 25, 2011 4:37am May 25, 2011 4:37am
Hello Graeme,Veefx and others,
Great thread we have here and Graeme is simply great.Thank you all for keeping this thread going and most to Graeme for his wisdom.http://www.forexfactory.com/images/icons/icon14.gif
  • #4,498
  • May 25, 2011 5:06am May 25, 2011 5:06am
It appears this pair is about to embark on a leg down and might be a good candidate for a millipede. Comments?

Olu
If you think you can or cannot do it you are correct
  • #4,499
  • May 25, 2011 5:38am May 25, 2011 5:38am
I cannot yet send private messages so I hope Graeme will come to read this, or someone could forward it to him.

Graeme,

I started to read the thread fairly late - probably after you left few weeks ago - but as you have appeared again, I am putting it here now (rather than after I have plodded through the whole thread)...

Some time ago you have expressed a concern about the size of your unrealized profit - given the fact that you wanted to keep your positions opened as you considered tham very valuable.

I think I may have a simple solution:

Say you have a position worth 5000 pips that you wish to keep open with a s/l at b/e. I suggest you close this position (thus realizing the profit) and open the same trade again with a 5000 s/l.

Any future trading profit/loss on this posistion will be exactly the same as on the old position. There is a small cost of the extra spread (couple of pips) but the interest on the money in the bank should more than make up for it :^).

The main thing is that you'll have the money in the bank and can sleep soundly.

Let me know if you find any fault with the above (as I plan to do something similar when I get to experience this problem! :^)))) .

Best regards,

Karel
  • #4,500
  • May 25, 2011 5:52am May 25, 2011 5:52am
Quoting TradeStar
Hi Vee,

Pl. correct me if I am wrong.

I was trying to point out to Optimist that 'diversification' does not mean opening positions in both directions, as he said in his post.

Thanks
TS
You are right on the diversification. I was referring to the "(partial) profit taking during particular (ranging) market conditions."

During range, we don't know which direction the market will break out... hence trading in both directions at high/low levels to build positions. Eventually, trend will pick the direction and it won't matter to us as we would have positions built (and at BE) to take advantage of that breakout. There is no desire to squeeze pips from ranging markets as the goal is to ride the trend regardless of the direction.

My apologies if I came out to be confrontational
Staying in my lane...
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