M15 Trading Method (help required!)

ok now you DO talk about an edge.

the thing is, and what i don't understand why you aren't asking yourself this... is if it's just another EMA indicator mixed in with another indicator / timeframe / moon cycle etc, then why hasn't this already been discovered by the millions of other indicator watching folk?

if you really have done the stats on how often it pays and how much it pays, and the drawdown isn't overbearing etc, then good luck with that. again, why hasn't a million other indicator watchers already found this and leveraged the hell out of it? you mention you have been looking at the past week... i can only assume you don't mean to imply that you haven't gone back a few years and really played this out for an extended amount of time!

and finally... how can you be using an EMA and continue your belief that indicators are crap? does trading really come down to a 200ema bounce or whatever you are looking at, but all other indicators and combinations of indicators are crap?

it seems to me that you consider a part of your 'edge' to be simply a smaller spread relative to the movements you are targeting. that's all well and good if the rest of your method actually has a positive expectancy and won't bust your account.

i'm not actually asking any questions. it's all rhetorical.

I preach " fooled by randomness " against the H4 traders that get the odd random win and keep going as they think there random wins are anything more than random, you seem to forget I have a math's / stat's background.

Maybe it will reach milestones as you put it, maybe it won't, only time will tell 3 weeks worth of data inbetween work / life isn't enough to tell yet, if not tweaking or starting from fresh will be called for.

Yet again, thats your opinion, I do not believe that you have a clue as to how to actually trade, no doubt your following the standard TA model, which does not work for anyone ever, but your not going to share the fact that your not there yet yourself and actually still trading on demo, or back on demo after blowing up your account which is it ?? I expect you won't answer this ofcourse, as that would open you up to criticism. * yes this is my opinion!!!

If I'd of shut everyone out, surely I'd of left you on ignore and not put ( Requires help ) in the title ?? I'm just not interested in Newbie standard BS but think they know it all, which is where you are, it does not work save your time and energy your falling for the con which enables big boys to screw money out of retail for ever more.

Yes it's a hobby, biggest challenge most people will ever attempt, that is what makes it fun.


So to summarise, your nothing but a newbie loser and a troll, until proven otherwise so show a live profitable account statement or go away in short.

Afterall, someone who isn't profitable, posting advice and belittling someones method with no understanding of said method isn't very clever is it, especially as the said method although still in early days is making $$$'s.

Yet again, you are a newbie no doubt about this, you've been fed the standard BS about how to trade until you forget this you'll never ever ever crack it, its fed to you from other newbies for that very reason.

EMA is not a indicator yet again, but they are used in buy / sell systems from big boys, out side of your ability to understand so I'm sure your belittle it don't worry, but that is how the edge is formed.

I've went back to December on a few pairs and done the tests, GU wasn't profitable of this method till April, USDCAD on the other hand was profitable from the start, part of the method is only trading the pairs where it is currently working on, obviously there will be a few losers where it switches from working to not, thats standard can't predict the future after all.

Back testing, is no substitute for forward testing and there are other factors I'm looking out for, not 1's you can really teach they come from experience.

You'll also notice I post on there, trades to take I only take the best, but I do score my trade thoughts afterwards there looking equally as good as the live trades I'm taking, feel free to go back and check the rec's and the time posted and see the results for yourself.

that read a lot nicer, well done but still..........

So to summarise, your nothing but a newbie loser and a troll, until proven otherwise so show a live profitable account statement or go away in short.

No more time will be wasted on you, until the above is given!! thanks!!

dear oh dear.

turveyd, if you had taken the time to look back on my posts you would see i openly state i'm not profitable. until recently i even had it displayed right under my username and had it there for months. i might change it back soon but wanted a change. that's not even the point.

the difference is i don't make $2 and claim i'm suddenly profitable, or flick to a daily chart and make 1 trade a year and claim my 100% win rate is the grail, and any other form of nonsense you can think of and some of which you yourself have mentioned that some people do. i've put in quite some time, energy, and effort, and continue to explore ideas and bit by bit improve and get closer to a consistently profitable method instead of just random totally failing trades or random luck. while you type away about how person x is wrong about some concept or idea that you don't even understand, or post how you just made $10 with your new EMA system on 1 trade you just did out of 20 or so this week, it's possible that during this time i just worked my way through a few hundred trades over a month or 2 of data while testing an idea to see how it holds. bottom line is your taunts are only an insult to yourself. i personally have no doubt that i've done more study in the last 6 months than you have in your last 6 years. you do a lot of finger pointing, except for the one person who deserves it the most. yourself.

but, for a thread where you state has the "help required" part in the title you aren't at all interested in anyone's outside perspective, and you certainly aren't interested in seeing the lies you are telling yourself. you are far to comfortable with how things are with your trading. even in your last few posts you have demonstrated your belief that you have learned about certain things and yet you have also openly demonstrated that you absolutely don't understand.

regarding my TA research, don't even bother yourself trying to guess what i do and don't study. you really aren't at a place where you could appreciate it and that's just the plain and simple bottom line even though you won't agree (and that's the point).

as for the EMA's bit... i'm not even touching that. absolutely ludicrous as per everything you say.

have you ever truly asked yourself why apocalypto writes on your profile that you are a muppet? why i read your posts and shake my head at the growing list of things you say which are so naive and contradictive? why (and i just noticed this now) thegreatmilenko now chimes in and repeats your own posts back to you to show you your own ironies? you have such little respect on the forum. not just one member who has taken a liking to hating on you for fun like you wish was the case, but a whole forum of members who look right past everything you say because it's of no worth to them. do you not stop and think for a moment why you are pointing your fingers at everyone around, alone, while they ALL point there fingers at you in unison?

after 6 years you really do need the help that you are so unwilling to receive. in just the last few days you have been amongst posts that could expand your knowledge base and basket of trading ideas for you to explore, but you have looked straight past it all and didn't even notice them right in front of your eyes. you need help, have asked for help, but don't actually want any at all. if you go back now and re-read some recent posts i'm sure you would completely miss stuff others would pick up on immediately. the truth is you just want to magically be right all of a sudden with your new system and try to prove to everyone that you are now a real trader and should now be taken seriously. no one takes you seriously. no one has any reason to, at all!

do us both a favour and put me back on ignore. i would prefer you to not see and then reply to any of my posts throughout the forum. you are too much like a little yappitty dog barking away about nothing causing a distraction.

the funny thing is you think i'm a newbies and troll. wow. pot... kettle.

20% per week aka 80% per month is truly incredible. Imagine a business with Return of Investment of 1.25 month. I'm not saying it is impossible. I am sure you have reasons to believe that it is a good and reasonable plan. Would you mind sharing your reasons?

=)

possible for sure but on a consistent basis I doubt it. This most likey why Tuvy is still trying to find consistent profitability.

10% a month is possibly even aiming a little to high.....

Nubs, not profitable never of guessed that lol


Stick around maybe you mighy learn something although doubt it

20% is more of a calculation required to turn tiny account into wageable by xmas.


We shall see!

i have no doubt at all in my mind that by your xmas date you will have blown your account, again. and you will probably feel proud too (what a joke). also, you will probably have opened another thread or two with your next best system like usual.

there is one thing i actually agree with and you are absolutely right, there are lessons to learn from you and this thread. anyone reading your posts should learn that this is not how a person should trade or think if they want to succeed. you are a shining example of everything that is wrong with new traders.

please quote us again about how you have been at this for years and all of the accounts you've blown, as if that earns you anything but derision. please quote how once upon a time you made money in stocks.... so go back to stocks and make some money then if you are a stock trading master! but, of course you can't because luck doesn't strike often enough to make any money right?

remember our conversation in 6 months time when you have blown up another account or 2. reply with whatever you like turveyd as you are not even the entertaining form of dumb, just the sad kind... so i'm done talking to the town idiot. the whole world laughs at you, not with you.

the day you quit your job and become a full time trader will never come. guaranteed.

again, put me on ignore. if i could block you from seeing my posts i would. i don't want someone so simple like you feeling tempted to reply with your typical unintelligent and uninspired nonsense.

p.s. merry xmas, in advance for when your account busts.

Hi Turveyd,
Just scanned your thread and congrat.'s on your system and success. Best way to get to 20% return (IMHO) is to continue thinking about risk of each trade before thinking about reward. If you can understand risk (or your appitite for risk) before each trade, you are trading better than most everyone else.

Good luck!

Nubcakes youmay continue to post but i have no intention of reading it enjoy

Yep tis all about risk to reward no point risking 20 if you cant make 40+

Good luck with your 20% per week aka (80% per month) goal. If you can dream it, you can achieve it. Just don't forget to enjoy your path to it =)

I don't usually use goals, but if asked I'd say my goal is also quite high, 32% per month (high risk high return), though I'm happy with any % of profit :-)

Re blown up accounts.


I add £100 gbp when required id hardly say losing £100 on a standard mini account is blowing an account up 100k yes £100 occasionally is just a small cost to play.

Never risk more than you can afford to lose or better still care about.

I have spent 10xs that on mountainbiking over the same period!

,

Fxcm micro challenge some make 17500 i think it was in 1 month.

Might not be real might be an ea or bs to make people think its easy money and lose there money trying.

20k prize money would ne nice. Doubt it ever goes to a real person though

Depends on your risk level, small account it's relatively easy to hit 20%+, on a 10K account you won't want to risk 8% like I currently am per trade, more like 2 -3% so then your average drops, profit will still be more but then 10% is more likely and so on and so worth as the account grows, why you can't just keep hammering 20% till your a millionaire.

Simple is key to being consistent anything to complicated fries your brain long term then downward spiral time.

Stocks ( I was profitable ), 8 hour day watching and trading, then 4hours after running screens and comparing 100's of charts in detail to find the next days plays was a total nightmare, I made a alot of money and spent way to much before blowing it trading options!!

Position based, not scalp based, I sucked at Scalp hence years trying to beat scalping I think I can safely give up on scalping hence move back to slower.

Nubs is on ignore permanantly, anyone who thinks the only way to do it is his way and he's not profitable even on demo lets face it we are all profitable on demo isn't much use, he's going to get a rude awakening when he goes live and adds in the greed, fear and 2nd guessing yourself into trading which makes it 100x's harder.

Maybe he'll understand that any negatively for no reason, just makes your fear and 2nd guessing much worse, there is no room for it, hence my new signature



Good luck Nubs, hope your 1 of those weird people that go from demo profitable and do exactly the same so instant live profitable ( when your 18 ) , but I doubt it.

And don't bother slalking me, I don't care and I won't be listening.

Updates, after more testing and lessons learned.


It was 250ema, changed to 200 ema to fast and not quite working aswell to many fake calls, 250ema was to slow at times so...


Switched to a 220ema, but the Envelope is 250ema 0.1% so approx 30pips depending on the pair, entrys only taken within the Envelope, SL just the other side how close upto you, if some support there then just under that, or a 00 line, stops me getting in then needing a HUGE SL mainly due to scale / different pair issues, as it moves down I'll add more positions to average down to.

Basically if 220ema is going up market pulls back, I've relaxed the exit a bit to give it more time to turn, odds are it will 70% of the time get back on trend given room, and might aswell take advantage of cheaper prices and reduced SL costs as the price goes down.

Back testing back testing and more back testing, I think it's safe to say all the negative BS can be ignored by mr no nothing so business as usual for next week.