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Why exactly do EMA crossover systems not work?

  • #421
  • Jul 28, 2011 4:23pm Jul 28, 2011 4:23pm
Quoting jzw
So you are saying that you would have sat thru an earlier 100 pip reversal but somehow within 19 pips of the top you knew the move was over?
Yes, that's the beauty of my exit strategy, its filters out all the noise and all the phony "reversals" that it encounters in its path until it finds the real end of the trend.

Spend enough time studying how trends end and you too will find the secret exit pattern...
  • #422
  • Jul 28, 2011 4:29pm Jul 28, 2011 4:29pm
Quoting Mr Breakout
Yes, that's the beauty of my exit strategy, its filters out all the noise and all the phony "reversals" that it encounters in its path until it finds the real end of the trend.

Spend enough time studying how trends end and you too will find the secret exit pattern...

I call BS !!!!

Plus anyone spouting about "Secret" Exits without ever giving any actual trading details away other than after the facts exits is well lying.


So why are you lying ??

Plus 1 strategy bla bla bla, trading is never and will never be that simple, there is no grail which you claim to have but won't share. And if you have it and won't share it, what is the point!!

Definately BS called!!


Next............
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #423
  • Jul 28, 2011 4:37pm Jul 28, 2011 4:37pm
Quoting Turveyd
trading is never and will never be that simple, .
Trading IS that easy : just capture the trend on its way up/down, exit when the time is right. Minimize your losses when the market is choppy.

That's it.

Seriously.
  • #424
  • Jul 28, 2011 4:44pm Jul 28, 2011 4:44pm
Quoting Mr Breakout
Trading IS that easy : just capture the trend on its way up/down, exit when the time is right. Minimize your losses when the market is choppy.

That's it.

Seriously.

You've read a book and got the sage wisdom down, thats the essence actually doing it is different.


Time to prove it or move on or be honest!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #425
  • Jul 28, 2011 4:45pm Jul 28, 2011 4:45pm
Quoting Mr Breakout
Hi almo,

With my secret and powerful exit strategy, I would have exited this long EUR/USD position 19 pips from the top. No I am not a genius, I just spent years and years looking at the charts for hours and hours trying to discover an optimal exit point for almost any type of trading system.

I think we all agree that the exit point is THE most important element of a trading system. In fact it has been proven that we can make money with purely random entry points IF we can define the optimal exit point after a buy or sell order has been...
In the bold part you are utterly mistaken. Entries and exits are equally important. What you want is to measure the profits and losses. Those are THE most important element. Entries and exits are equal.
  • #426
  • Jul 28, 2011 5:41pm Jul 28, 2011 5:41pm
Quoting Turveyd
You've read a book and got the sage wisdom down, thats the essence actually doing it is different.


Time to prove it or move on or be honest!!
In other words Turveyd wants me to do his homework for him!

Ok, I will give you a little hint about my exit strategy Turveyd. Here it is: What does the price has to do to NECESSARILY end and reverse a trend?

Pull those charts, study carefully every single trend reversal and maybe one day you will say "Eureka, but of course!"
  • #427
  • Jul 28, 2011 5:48pm Jul 28, 2011 5:48pm
Quoting Mr Breakout
In other words Turveyd wants me to do his homework for him!

Ok, I will give you a little hint about my exit strategy Turveyd. Here it is: What does the price has to do to NECESSARILY end and reverse a trend?

Pull those charts, study carefully every single trend reversal and maybe one day you will say "Eureka, but of course!"

No I've got my method, still improving it but doing fine, my entry rocks my exit is a bit random but unlike you I haven't got a "secret" exit strategy which tells me a 100pip pull back is just a blip and to ignore it, I have an exit strategy for bigger trend multiple day moves.

There you go again, with the you know the secret, if you know it tell us it or your just another wanna be BSer who wants a little fan club but has likely like most of the ubers traders on here never even placed a live real $$'s trade.

No body is buying it, there has been so many scammers with the "secret" conning people out of literally millions, there aren't any truely stupid people with money left to buy it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #428
  • Jul 28, 2011 5:59pm Jul 28, 2011 5:59pm
Quoting Turveyd
No I've got my method, still improving it but doing fine, my entry rocks my exit is a bit random but unlike you I haven't got a "secret" exit strategy which tells me a 100pip pull back is just a blip and to ignore it, I have an exit strategy for bigger trend multiple day moves.

There you go again, with the you know the secret, if you know it tell us it or your just another wanna be BSer who wants a little fan club but has likely like most of the ubers traders on here never even placed a live real $$'s trade.

No body is buying it, there...
I have absolutely nothing to sell in this forum, we are just here to exchange trading ideas, no more no less.

That said, and according to Turveyd, people who do not want to reveal all the details of their trading system (for obvious reasons) are all scammers, period.

Interesting point of view, to say the least.
  • #429
  • Jul 28, 2011 6:02pm Jul 28, 2011 6:02pm
Quoting Mr Breakout
I have absolutely nothing to sell in this forum, we are just here to exchange trading ideas, no more no less.

That said, and according to Turveyd, people who do not want to reveal all the details of their trading system (for obvious reasons) are all scammers, period.

Interesting point of view, to say the least.

It's the normal way they go look around, I have a "secret", tempt people in which are desperate enough to pay for said secret, to later find the secret is to claim there is a secret and get people to hand over there money to you.

I want you to PROVE your not just BS who's just posting from the newbie hand book, but you seem to rather suspiciously not want to do this.

If you believe sharing your "secret" will harm your secret your wrong, it will only increase the strength and you'd need 10,000+ to make any noticeable difference either way anyway.


PROVE IT!! Or drop the you know best BS!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #430
  • Jul 28, 2011 6:20pm Jul 28, 2011 6:20pm
Quoting Custos
In the bold part you are utterly mistaken. Entries and exits are equally important. What you want is to measure the profits and losses. Those are THE most important element. Entries and exits are equal.
Custos, just like you I always thought that a good entry point was THE key to trading success. While it is true that a good entry point is important (it allows you to have the smallest stop possible) I can show that your exit point is, by far, much much more important!

Like I said earlier, it has been proven beyond a shadow of a doubt that you can create totally random entry points and STILL end up making money IF your exit points are optimal.

Tomorrow I will show you a few backtests that support this idea, I just need to find the books where these backtests are (I have hundreds of books in my rather messy trading library).

It is my strong belief that traders should concentrate more on their exit points and less on their entry points, even though both are important.
  • #431
  • Jul 28, 2011 6:31pm Jul 28, 2011 6:31pm
Quoting Mr Breakout
Custos, just like you I always thought that a good entry point was THE key to trading success. While it is true that a good entry point is important (it allows you to have the smallest stop possible) I can show that your exit point is, by far, much much more important!

Like I said earlier, it has been proven beyond a shadow of a doubt that you can create totally random entry points and STILL end up making money IF your exit points are optimal.

Tomorrow I will show you a few backtests that support this idea, I just need to find the books where...
The problems with all of above are :-

1. Custo is right, stop reading books and start trading.

2. If your entry is counter trend and just aims straight for the SL they you are screwed from the start and would be better off flipping a coin for direction.

3. You can show 100 back tests which support something and I'm sure we could find 100's to counter your idea, not that there is any point back tests on anything other than a EA system are pretty much pointless.

4. That's your belief, I suspect thats the belief of the first trading book you read and your just repeating it.

STOP reading books, there generally written by people who need money cause they can't trade, so your reading failed traders ideas and passing them off as some kind of a bible.

This is all rookie stuff, you'll next claim to be profitable, I won't believe you, rookies need to drop all this BS and start from fresh before getting there, which next to Zero manage sadly, you obviously haven't.

So when you say you've done 15 years of back testing you actually mean you read about someone who has alledgely in a book.

LOL

You Rookies giving false hope to other Rookies annoys me, if stops rookies from progressing to later become profitable.

Trading is HARD very hard, there are no easy short cuts, accept this, dig in and get learning expect it to take years and years and remember most fail so do it for the challenge not the $$$'s.

Better odds than winning the lottery though, unless you buy 1mil different tickets ofcourse

* wonders if anyones ever been dump enough to buy multiple tickets with the same exact numbers LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #432
  • Jul 28, 2011 6:40pm Jul 28, 2011 6:40pm
if you keep talking to him, he will only continue to reply back with nonsense. stop feeding the 'dump' troll.
Congratulations ScalaFX for coming out of the closet!
  • #433
  • Jul 28, 2011 6:48pm Jul 28, 2011 6:48pm
Quoting nubcake
if you keep talking to him, he will only continue to reply back with nonsense. stop feeding the 'dump' troll.
That was precisely my intention. I consider myself a rather patient man (and a trader needs to be patient anyway, and wait quietly for the right trading opportunity) but enough is enough. Thanks for the tip Nubcake.
  • #434
  • Jul 28, 2011 6:48pm Jul 28, 2011 6:48pm
Nub's is another classic Rookie without a clue but likes to big himself up and goes off on a personal rampage of general madness when someone pulls him on the meaning of "Leading"

I think we can all safely do the opposite that POS says.

14 years old LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #435
  • Jul 28, 2011 6:50pm Jul 28, 2011 6:50pm
Quoting Mr Breakout
That was precisely my intention. I consider myself a rather patient man (and a trader needs to be patient anyway, and wait quietly for the right trading opportunity) but enough is enough. Thanks for the tip Nubcake.

LOL taking tips from Nub's how dumb are you man!!

BSer confirmed!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #436
  • Jul 28, 2011 6:53pm Jul 28, 2011 6:53pm
Quoting Mr Breakout
That was precisely my intention. I consider myself a rather patient man (and a trader needs to be patient anyway, and wait quietly for the right trading opportunity) but enough is enough. Thanks for the tip Nubcake.

You'll understand, I still have to post a different point of view when I have 1 on anything you post, cause well I care about fellow traders and don't really give a toss what others think of me.

As said, most will be suckered in by the likes of you, but the odd few that will see the light with my help ( others won't need my help ofcourse ), make it all worth it.

I'm the good guy, but you'll never see it that way good luck selling your "secret" it'll come.


p.s. there are quite a few already that have listened to me and are I believe are actually profitable thanks to me, I'm a happy man!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #437
  • Jul 28, 2011 7:03pm Jul 28, 2011 7:03pm
Quoting Turveyd
I care about fellow traders
Oh really? Then give them back all the pips you took from them over all your oh so profitable years
  • #438
  • Jul 28, 2011 7:07pm Jul 28, 2011 7:07pm
Quoting Mr Breakout
Oh really? Then give them back all the pips you took from them over all your oh so profitable years
lol. burn
Congratulations ScalaFX for coming out of the closet!
  • #439
  • Jul 28, 2011 7:08pm Jul 28, 2011 7:08pm
Quoting Mr Breakout
Oh really? Then give them back all the pips you took from them over all your oh so profitable years

What, make sense for once, I'm a lot further down the line that you'll ever be.

Nice taking Nub's cop out, I'm a troll so no point answering anything and proving your not just a BSer as someone else highlighted!!

I've offered you a resonible way out to just come clean and drop your guru self imposed status and be a normal dude, but no your going to take the low road ofcourse, I guess enough will follow you still.

Taking advice from a 14year old LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #440
  • Jul 28, 2011 7:11pm Jul 28, 2011 7:11pm
So come on, stand up and be counted!!


Who here wants Mr Breakout to stand up and prove he's not another worthless BSer!!! And share the "Secret" for free cause he's a fellow trader and we are here to learn or help or have a laugh.



ME!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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