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95% winners live test

  • #81
  • Jul 28, 2011 5:13am Jul 28, 2011 5:13am
Congratulations for another winner
However, that was close
  • #82
  • Jul 28, 2011 5:29am Jul 28, 2011 5:29am
Quoting Cubbybgood
Haha!

It is fun isn't it?!

Trades go in and out quickly. Some of you may be wondering why I take only one trade a day. I only trade once to avoid the problem that most traders face and that's over trading.

62% in one day with a US broker? That's great! This is what I was trying to tell people here that giving you the hint of using 10 pips as the TP and a large SL can be pretty affective with pretty much any system. It's a methodology that is typically over looked or even frowned upon because of the low risk reward ratio.

It seems unethical...
There is nothing unethical in your trading style. The only criteria a style is measured by is - how profitable it is. And that's it.

Personally, I have a problem with understanding the trading style that includes 9.5:1 r/R ratio. That's why i am very curious about the trades entry setup since i'm sure there must be room for huge improvement in that ratio. Of course, the fact that i don't understand something doesn't mean it's not possible. Just my 2 cents.

PS.
What is the timezone on your fxbook journal?
big numbers are our friends...
  • #83
  • Jul 28, 2011 5:55am Jul 28, 2011 5:55am
Quoting redhouse
Thought US brokers dropped hedging...
They did. Need to open a foreign account if you want to hedge and are USA based.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #84
  • Jul 28, 2011 6:19am Jul 28, 2011 6:19am
HI THERE GUYS
THIS SYSTEM IS DEFINITELY GOOD AND SOUNDS AMAZING. JUST WANT TO LET YOU GUYS KNOW IT TOOK ME AND MY BROTHER AROUND 5 YEARS AND NEARLY EVERY NIGHT AFTER WORK FROM AROUND 10 NIGHT TO ABOUT 3 MORNING TO FIND A SYSTEM THAT IS 98% ACCURATE. THIS SYSTEM WILL NEVER BE REVEALED BECAUSE I DON'T NEED POCKET CHANGE SELLING IT, I MAKE A KILLING USING IT. OUR TRADES USUALLY RUN FOR ABOUT 120 PIPS AND THE LARGEST LOSE SO FAR WAS 32 PIPS AND THAT IS NEARLY 3.5 YEARS OF TRADING. SO YES, A SYSTEM IS OUT THERE, AND WE CAN ENTER RIGHT AT UP MOVE AND SELL RIGHT AT DOWN MOVE AND KNOW WHEN IT WILL BEGIN AND END BY ALMOST 100% ACCURACY. I never say good luck in trading, because if you trade with luck, then you will get burnt real quick. Control your size, dont over trade and let bad trade setups go, there are plenty more where they came from. SW
  • #85
  • Jul 28, 2011 7:13am Jul 28, 2011 7:13am
Quoting deeZG
PS.
What is the timezone on your fxbook journal?
That's easy to figure out. You have price samples given at certain times. Open the chart on your own br0ker and correlate them.
You are in a maze of twisty little passages, all alike.
  • #86
  • Jul 28, 2011 7:20am Jul 28, 2011 7:20am
Quoting TraderJF
Congratulations for another winner
However, that was close

Yes, I was a little scared about this trade because...

1. it was off hours.

2. fallowed older system rules which had more dd and more losses

3. a 60 pip DD.


I wasn't going nuts over this trade because I knew the chances of it pulling out were very high. It just took a while.

I will make sure and take the right entry next time. The new changes I made a few days ago. cut down my DD and trade length to almost half what it used to be so I need to make sure and stick to the changes.

Cubby
  • #87
  • Edited 7:39am Jul 28, 2011 7:28am | Edited 7:39am
Quoting whet412
HI THERE GUYS
THIS SYSTEM IS DEFINITELY GOOD AND SOUNDS AMAZING. JUST WANT TO LET YOU GUYS KNOW IT TOOK ME AND MY BROTHER AROUND 5 YEARS AND NEARLY EVERY NIGHT AFTER WORK FROM AROUND 10 NIGHT TO ABOUT 3 MORNING TO FIND A SYSTEM THAT IS 98% ACCURATE. THIS SYSTEM WILL NEVER BE REVEALED BECAUSE I DON'T NEED POCKET CHANGE SELLING IT, I MAKE A KILLING USING IT. OUR TRADES USUALLY RUN FOR ABOUT 120 PIPS AND THE LARGEST LOSE SO FAR WAS 32 PIPS AND THAT IS NEARLY 3.5 YEARS OF TRADING. SO YES, A SYSTEM IS OUT THERE, AND WE CAN ENTER RIGHT AT UP MOVE AND...

I was hoping one of these guys would show up!

I knew that if I found a 95-98% winning system there had to be others out there that found something similar.

I'm still uneasy about selling my system because as of now. I'm sitting on a 50k profit in 1 week. I feel that when one finds something like this he keeps it secret and safe. Shares it with those that matter to him like close friends and family. Not to mention how much time and effort it will take to put up a website to sell it.

For some reason I can see everyone and there dog trading this system causing it not to trade quite as well in a year or 2.

Whet412, when you found your system did you share it with anyone?

Cubby
  • #88
  • Jul 28, 2011 7:52am Jul 28, 2011 7:52am
Quoting Cubbybgood

I'm still uneasy about selling my system because as of now. I'm sitting on a 50k profit in 1 week. I feel that when one finds something like this he keeps it secret and safe. Shares it with those that matter to him like close friends and family.
That's what I would do.
I simply don't see any reason bothering with selling any system in a situation where it brings you decent money.

Share it with the people you care about and enjoy together with them.
big numbers are our friends...
  • #89
  • Jul 28, 2011 8:09am Jul 28, 2011 8:09am
I got a perfect entry today!

Lets see what happens!

http://www.myfxbook.com/members/lilr...winners/140064

This is my last trade before I break risk down.

cubby
  • #90
  • Jul 28, 2011 8:54am Jul 28, 2011 8:54am
well the trade did not hit fast TP like I had hoped it would. It got with in 2 pips of closing. Just barely missed.

We now wait for the DD period...

cubby
  • #91
  • Jul 28, 2011 10:20am Jul 28, 2011 10:20am
Perfect entry? Well you have a lot of trust in your system apparently, but even for 10 pips profit, which could easily happen, I wouldn't have taken any shorts at that time. I guess because Im largely a Price Action trader and a leading indicater for me is not to go against divergence.
Lets hope your 100 pip SL holds!


Quoting Cubbybgood
I got a perfect entry today!

Lets see what happens!

http://www.myfxbook.com/members/lilr...winners/140064

This is my last trade before I break risk down.

cubby
Attached Image (click to enlarge)
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  • #92
  • Jul 28, 2011 10:30am Jul 28, 2011 10:30am
Quoting dbeach777
Perfect entry? Well you have a lot of trust in your system apparently, but even for 10 pips profit, which could easily happen, I wouldn't have taken any shorts at that time. I guess because Im largely a Price Action trader and a leading indicater for me is not to go against divergence.
Lets hope your 100 pip SL holds!

Agreed.

I hit 9 pips profit and needed 12. again, only looking for a small TP here. I was close then it reversed.

You may be right. This trade is a little scary for me as my only hope right now is a reversal at or before 1.43387. Chances are fairly good that this will happen but hey... I took the risk right? Be a little unfortunate if my last trade before I break risk down is one of the 3% losers right?

Cubby
  • #93
  • Jul 28, 2011 11:50am Jul 28, 2011 11:50am
the odds are never the same as back test!!! I can guarantee that!!! you can do 10 straight days, but after at least two streaks you will be out of business. Thanks for feeding the smart people!
  • #94
  • Jul 28, 2011 12:00pm Jul 28, 2011 12:00pm
I don't know how you've got 4 vouchers but with your mentality u r below a noob level. But if you could just get a RR 1:1 you would be profitable in the end. Your profititablity relies not on your system, but YOU!!!
  • #95
  • Jul 28, 2011 12:04pm Jul 28, 2011 12:04pm
LOL he got vouchers for almost selling a bad system that he originally wanted to give away!
  • #96
  • Jul 28, 2011 12:05pm Jul 28, 2011 12:05pm
Would never take a 95 pip hit on any trade, much less one seeking only a 10 pip profit.

Ten pip targets are scalps. How could you lose 95 pips on a scalp?

No idea what type of trades you are trying to do, but might consider putting a break even after a few pips profit to cut the big losers.

Also, like someone said, strange place to sell @ 130 pips from the days high. Anyway good luck...
  • #97
  • Jul 28, 2011 12:15pm Jul 28, 2011 12:15pm
haha! and here we go. I've decided not to sell the system.

Reasons...

1, it's to much work that I just dont want to do. Website building is not my expertise.

2, makes the community agree. (Hence, you guys and others.)

3, Just not worth selling when more money can be made using the actual system.

You guys may be calling this a crappy system but I really dont see you having the guts to post real performance of a "so called" crappy system on FF.

Till you start doing this you gain no respect here... I hate wise guys that think they know everything. I've clearly stated in many of my threads that I do not know everything and just because my backtests show good results does not mean my future ones will!!!! I've said this in about 4 posts on this thread!

Cubby
  • #98
  • Jul 28, 2011 12:18pm Jul 28, 2011 12:18pm
Gawd! Give the guy a break! As far as I can see it's a good system, and he understands the risks.... 2 winners and you noobs will be saying how great a system it is!
I vouch for him!
  • #99
  • Jul 28, 2011 12:18pm Jul 28, 2011 12:18pm
Quoting Togu
the odds are never the same as back test!!! I can guarantee that!!! you can do 10 straight days, but after at least two streaks you will be out of business. Thanks for feeding the smart people!

Read the dang thread Togu before you post please!!

Cubby
  • #100
  • Jul 28, 2011 12:20pm Jul 28, 2011 12:20pm
Haters gonna hate, cubby. It's the nature of posting on message boards.
You are in a maze of twisty little passages, all alike.
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