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Trading system using relative strength

  • #1,641
  • Jun 8, 2011 1:58pm Jun 8, 2011 1:58pm
Quoting forexhard
I understand frustration. I know what it feels like. This is not the only system I have ever tried to learn or to use, and many of those others left me feeling abused.

I've said it before: I can help you guys learn to think for yourselves, but I won't do the thinking for you. I can only spark in you the desire to search for yourself whether this type of trading is for you or not. And if it's not, so what? Walk away. There are thousands of ways to trade Forex.

But remember, I have posted several baskets here. In fact I have posted every...
I appreciate your effort, but it would be even better to make things easier for us because obviously some of us are not getting what you are saying.

Is it too difficult for you to explain logically why you picked those pars by looking at which histograms, etc?

Giving hints is fine as long as you can lead people to the answer, but if that is making us confused, you just kill the purpose then.
A successful trading depends on knowing what to analyze.
  • #1,642
  • Jun 8, 2011 2:06pm Jun 8, 2011 2:06pm
Wow. This is a hard one!
Is there really an object in the pictures? I am not clear to what you are meaning! Am I to look for 5 different objects in the pictures or am I to look for only one object. This is so hard! Why did you post 5 pictures!? It makes it so confusing! Could you be more clear as to what I am supposed to be looking for!? I am so confused!? Are you sure you have an object in the pictures, or 5 objects!? Why can't you make this simple for me!?
I am not saying that you don't know what you are doing!? But I sure can't understand what I am looking for!? What object or objects!? Oh, my!! Why do you have to make me try to figure this out!? Just tell the answer?! My head is hurting!?

Thanks for your patience.

Quoting forexhard

Here now is an example of how my mind works when I am teaching. If you can't follow this example then you will never agree with anything I have to say, so pay attention. Here it is: There are 5 photos attached. Do they show 5 different objects, or one object 5 different ways?
  • #1,643
  • Jun 8, 2011 2:26pm Jun 8, 2011 2:26pm
Quoting forexhard
I understand frustration. I know what it feels like. This is not the only system I have ever tried to learn or to use, and many of those others left me feeling abused.

I've said it before: I can help you guys learn to think for yourselves, but I won't do the thinking for you. I can only spark in you the desire to search for yourself whether this type of trading is for you or not. And if it's not, so what? Walk away. There are thousands of ways to trade Forex. Or stay with the indi but stop listening to anything I say in the matter. You...
Obviously, you don't understand anything. My feeling is not frustration, it is boredom each time I read your posts. It's really easy: if you want to share a system, do it, that's all. If not, don't do it. But no more guessings please.

Or maybe we have to read your posts 1.000.000.000.000.000.000 times.......

Come on......
  • #1,644
  • Jun 8, 2011 2:29pm Jun 8, 2011 2:29pm
Quoting brucech
Wow. This is a hard one!
Is there really an object in the pictures? I am not clear to what you are meaning! Am I to look for 5 different objects in the pictures or am I to look for only one object. This is so hard! Why did you post 5 pictures!? It makes it so confusing! Could you be more clear as to what I am supposed to be looking for!? I am so confused!? Are you sure you have an object in the pictures, or 5 objects!? Why can't you make this simple for me!?
I am not saying that you don't know what you are doing!? But I sure can't understand...
Looks like it is a Picture of Eiffel tower taken from different angle and at different times. Just like this system for which basket can be created in various ways as long as the basic concept is maintained.That is just my take, Not sure if that is what FH feels.
  • #1,645
  • Jun 8, 2011 2:31pm Jun 8, 2011 2:31pm
Quoting Caillou
Or maybe we have to read your posts 1.000.000.000.000.000.000 times
Or maybe you just need to start putting on some baskets yourself and see how they go. That's what demo accounts are for. Go and demo a dozen baskets and then come back with your results. That goes for everyone. Until you do, anything I have to say will sound stupid. Meanwhile, my own baskets are going great...
To improve is to change. To perfect, is to change often.
  • #1,646
  • Jun 8, 2011 2:36pm Jun 8, 2011 2:36pm
Quoting ES Trader
Looks like it is a Picture of Eiffel tower taken from different angle and at different times. Just like this system for which basket can be created in various ways as long as the basic concept is maintained. That is just my take, Not sure if that is what FH feels.
Thank you ES. And that's also why you are having good results as well. An open-minded person is hard to find. Everyone else just wants a free meal and they get very upset when they walk away hungry from my table. You would make a great karate student; I wish I knew you in real life, not just here in these forums.
To improve is to change. To perfect, is to change often.
  • #1,647
  • Jun 8, 2011 2:37pm Jun 8, 2011 2:37pm
Look at the post # 1607 from FH and look at post # 1619 from me. Both were basically created from same Daily suggestions on CCFP. Forex pairs and even number of buys and sells look different but both of us ended making money.
.
Try this today.

1 Put FH template.
2 wait for the Day bar to close
3. look for suggestions or just look at the histogram and create a basket.
4. Wait and watch for Pips to Roll in !!
Hope this helps
  • #1,648
  • Jun 8, 2011 2:40pm Jun 8, 2011 2:40pm
Quoting forexhard
Or maybe you just need to start putting on some baskets yourself and see how they go. That's what demo accounts are for. Go and demo a dozen baskets and then come back with your results. That goes for everyone. Until you do, anything I have to say will sound stupid. Meanwhile, my own baskets are going great...
Guys do your own research,this chap aint going to give anything away.Personally i'm off,more like a Columbo film.
  • #1,649
  • Jun 8, 2011 2:48pm Jun 8, 2011 2:48pm
Quoting Tedge UK
Guys do your own research,this chap aint going to give anything away.Personally i'm off,more like a Columbo film.
  • #1,650
  • Jun 8, 2011 2:48pm Jun 8, 2011 2:48pm
C'mon....Let's be fair, everybody on this forum could tell you that those 5 pictures were of the Eiffel tower, OR at least if they didn't know what the Eiffel Tower was, they would have said they are 5 different pictures of a tower.

All of this cat and mouse could have been PREVENTED by just saying from the beginning:

"Guys, here's an indicator that I have been VERY successful using.

You create BASKETS of trades, trying to have an even number of buys and sells and always have at least 6 trades in the basket.

There are MANY different ways to use it BY CHANGING SOME OF THE SETTINGS.

Here's one way that has worked for me, and here's another, and here's another. All of them work. Use these or create your own.

Play with the settings, do some backtesting and find what combination works best for you as there is NO ONE BEST WAY.

If you have any questions and I can answer them, I will, directly, succinctly and without trying to puzzle you along the way."

------------

But that's just how I would do it, but then I don't profess to be a great teacher.
Always a Student, Never a Master - Emulate What Works
  • #1,651
  • Jun 8, 2011 2:51pm Jun 8, 2011 2:51pm
Quoting Tedge UK
Guys do your own research,this chap aint going to give anything away.Personally i'm off,more like a Columbo film.
Good. That's one freeloader cut loose that doesn't have time to make a single demo basket, but always seems to have time to come in here and criticize those who trade live.
To improve is to change. To perfect, is to change often.
  • #1,652
  • Jun 8, 2011 2:53pm Jun 8, 2011 2:53pm
No offense but I think ES might be a better teacher. ES knows what to do of course because he started this thread, and I actually understand his posts (most of them ).

Anyways, here is my approach. The logic I have in mind when it comes to MTF analysis is to follow the trend direction on a higher TF.

The trend direction on a higher TF is usually more reliable because a lot of traders tend to follow the direction especially on 4H or 1D. It is a group-psychology that moves the market. Higher TF's also have less whipsaws compared with lower TF's.

And check this person's post back in 2008. It could be a help.

Quoting tommyd
From what I have experienced so far with this approach I am going with this.

It can work very well, It might be a very good semi scalping method.

Can't just enter blindly following 4 hr recommendation.

I have been experimenting using 4 hr & 1 hr or 30 min tf and really going with the shorter TF's entering and taking what it gives over a short period of time .
Looking at the 4 hr recommendation then going to a 1 hr or 30 min to see if the timing is there for an immediate upward move. I want to find pairs that are beginning to or in a...
A successful trading depends on knowing what to analyze.
  • #1,653
  • Jun 8, 2011 2:56pm Jun 8, 2011 2:56pm
RobinHood,

If you look at what you have said here and compare it to the many posts that Forexhard has made, you will find that he has done just those very things.

So the next step is yours (ours). We have to take what he has given and demo, demo, demo, and then we will see what he is talking about more clearly.




Quoting RobinHood
C'mon....Let's be fair, everybody on this forum could tell you that those 5 pictures were of the Eiffel tower, OR at least if they didn't know what the Eiffel Tower was, they would have said they are 5 different pictures of a tower.

All of this cat and mouse could have been PREVENTED by just saying from the beginning:

"Guys, here's an indicator that I have been VERY successful using.

You create BASKETS of trades, trying to have an even number of buys and sells and always have at least 6 trades in the basket.

There are MANY different ways...
  • #1,654
  • Jun 8, 2011 2:56pm Jun 8, 2011 2:56pm
Oops, it did not post the whole thing. My bad.

Here is the post by tommyd

"From what I have experienced so far with this approach I am going with this.

It can work very well, It might be a very good semi scalping method.

Can't just enter blindly following 4 hr recommendation.

I have been experimenting using 4 hr & 1 hr or 30 min tf and really going with the shorter TF's entering and taking what it gives over a short period of time .
Looking at the 4 hr recommendation then going to a 1 hr or 30 min to see if the timing is there for an immediate upward move. I want to find pairs that are beginning to or in a cycle moving with the 4 hr.
Much of the time the lower TF's are against the 4 hr and I want to stay out of those situations.
The drawdowns that can arise by leaving the trade on for hours to me are simply unacceptable which do happen as the timing of the 4 hr is just not good enough to avoid the DD's. (10 pairs down 50 pips per pair adds up fast)

Case in point. at the top of the previous hour made about 300 pips in 10 minutes on 10 pair. Closed out re opened 4 pair & made 95 pips in less than 10 min.
now 17 minutes into the next hour it would all be gone and in negative territory big time.

There are times to be in and times to be on the sideline.
Choose you spots.

My advise, use the 4hr / Daily to decide when it is time to be looking to be in the market, enter in trending times, stay out in chop.
Look at the longer terms and trade the pair(s) that are trending, stay away from the pairs that are in chop.
I want to make money, not trade a lot."
A successful trading depends on knowing what to analyze.
  • #1,655
  • Jun 8, 2011 2:57pm Jun 8, 2011 2:57pm
Quoting RobinHood
C'mon....Let's be fair, everybody on this forum could tell you that those 5 pictures were of the Eiffel tower, OR at least if they didn't know what the Eiffel Tower was, they would have said they are 5 different pictures of a tower.

All of this cat and mouse could have been PREVENTED by just saying from the beginning:

"Guys, here's an indicator that I have been VERY successful using.

You create BASKETS of trades, trying to have an even number of buys and sells and always have at least 6 trades in the basket.

There are MANY different...
  • #1,656
  • Jun 8, 2011 3:00pm Jun 8, 2011 3:00pm
Quoting RobinHood
But that's just how I would do it, but then I don't profess to be a great teacher.
Neither have I. And yes, I said EXACTLY all those things, I just used different words. I have always stressed practice, and spending thousands of hours staring at your charts. I NEVER ONCE said "look at me" or "do as I do because I'm so smart". I have always said to study the indicator, and the pairs, and to make your choices based on what you see first hand.

If you, or anyone else here, took away some other meaning from my posts, it is pure projection on your part(s). Based mostly on the desire to be spoon fed.

But I will state this for the record: No one here has the right to ask questions about this system at this point in time unless they have put on several baskets of their own. If by now you haven't even tried to build and trade your own baskets you are just wasting time here, and you are taking resources away from the people who have done so, or who are in the process of doing so.
To improve is to change. To perfect, is to change often.
  • #1,657
  • Jun 8, 2011 3:03pm Jun 8, 2011 3:03pm
Quoting brucech
RobinHood,

If you look at what you have said here and compare it to the many posts that Forexhard has made, you will find that he has done just those very things.

So the next step is yours (ours). We have to take what he has given and demo, demo, demo, and then we will see what he is talking about more clearly.
Bravo! Thank you very much, Bruce. Nice to see I'm not going insane after all. Or if I am, then you and ES are too! So I'm in good company.
To improve is to change. To perfect, is to change often.
  • #1,658
  • Jun 8, 2011 3:11pm Jun 8, 2011 3:11pm
Brucech,

Of course that's a LOT of what he said, why else do you think I said it?

But what he didn't say the MOST IMPORTANT PARTS which were:

"There are MANY different ways to use it BY CHANGING SOME OF THE SETTINGS.

Play with the settings, do some backtesting and find what combination works best for you as there is NO ONE BEST WAY."

Can't you see how telling us those things from the start would have avoided MOST of the frustration that so many of us are feeling?

I can't apologize for feeling confused. His posts back me up, like when yesterday he said FOLLOW THIS and then immediately BOUGHT the NZDJPY when the chart he just said to follow said SELL...and no explanation from him came after being asked why he did it.
Always a Student, Never a Master - Emulate What Works
  • #1,659
  • Jun 8, 2011 3:14pm Jun 8, 2011 3:14pm
Quoting forexhard
Neither have I. And yes, I said EXACTLY all those things, I just used different words. I have always stressed practice, and spending thousands of hours staring at your charts. I NEVER ONCE said "look at me" or "do as I do because I'm so smart". I have always said to study the indicator, and the pairs, and to make your choices based on what you see first hand.

If you, or anyone else here, took away some other meaning from my posts, it is pure projection on your part(s). Based mostly on the desire to be spoon fed.

But I will state this...
"No one here has the right to ask questions about this system..."????? Sorry?????

I have a real problem with people who think they know it all.

Good luck EsTrader with YOUR thread, because this is still your thread right?

As I said, you are a great man. Good luck and see you in other threads.... Bye
  • #1,660
  • Jun 8, 2011 3:16pm Jun 8, 2011 3:16pm
Quoting forexhard
Good. That's one freeloader cut loose that doesn't have time to make a single demo basket, but always seems to have time to come in here and criticize those who trade live.
I knew you would have to make some kind of remark,I am not a freeloader FH,far from it.All I am trying to do like 97% of people here is learn how to trade the Forex business,You are as much help as a chocolate tea pot when it comes to teaching,how can we put a basket together when you are making it a murder mystery.I await your answer
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