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  • #10,501
  • Aug 6, 2011 10:01pm Aug 6, 2011 10:01pm
Quoting dddd
I personally dont give a rat arse what HECTOR does now. I know that his 3sma works for me. I have tested it a bazllion times. You just have to trade enough pairs and have the patient to wait for the right setups. Sometimes, you dont have any setups. right now the chf, jpy, nzd, aud, ARE what is working....soon enough, they will stop. we wait, we move to others. THat is fine with me.

Let me put it this way: if hector comes out and say his 3sma is bullshit and fake; i wont beleive him. why? i can make up my own mind about it. I see something that...

Dddd,

Don't let others discourage you -- your examples show that this method is robust.

Is there always at least some trending currency pairs to trade using this modified Hector method? Or some months are all currencies are ranging, then what method do you use?

Thanks!
  • #10,502
  • Aug 6, 2011 10:52pm Aug 6, 2011 10:52pm
Quoting aw714
Dddd,

Don't let others discourage you -- your examples show that this method is robust.

Is there always at least some trending currency pairs to trade using this modified Hector method? Or some months are all currencies are ranging, then what method do you use?

Thanks!
i am not discourage, just annoyed. This whole mentality of "if something doesnt work for me, then, it cant work for anybody" is just irritating.

I trade 28 currency pairs and crosses. THERE IS NEVER A MONTH THAT three or so are not trending. NEVER TO MY KNOWLEDGE. You dont even need to modify the original hector 3sma approach.(i modified the hector approach to squeeze more insane r/r from it, that is all.)

mr. shiko was complaining that there was no trending market in january/february 2011. Take a look at the market on the daily/weekly time frame(i do this, then i look for setups on h4, h1, m30, etc). the 3smas were aligned with higher highs or lower lows for these pairs/crosses:
aud/nzd
aud/usd
eur/chf
gbp/aud
gbp/chf
usd/cad
usd/chf
usd/jp
usd/sgd.

all 9 were in good trends in january/february for classic hector trades. those are the months that mr. shiko was whining about. I have no bloody clue what his complaint are.

Anyways, like i said, i trade 28 of them...so there is always a couple pairs/crosses trending at any given month for me. i can only speak for myself.
  • #10,503
  • Aug 6, 2011 11:07pm Aug 6, 2011 11:07pm
Quoting dddd
i am not discourage, just annoyed. This whole mentality of "if something doesnt work for me, then, it cant work for anybody" is just irritating.

I trade 28 currency pairs and crosses. THERE IS NEVER A MONTH THAT three or so are not trending. NEVER TO MY KNOWLEDGE. You dont even need to modify the original hector 3sma approach.(i modified the hector approach to squeeze more insane r/r from it, that is all.)

The risk reward on your modified hectors are unreal -- i didn't think that kind of R:R was possible.
  • #10,504
  • Edited 12:22am Aug 7, 2011 12:10am | Edited 12:22am
Quoting aw714
The risk reward on your modified hectors are unreal -- i didn't think that kind of R:R was possible.
it is simply a hector method within a hector method. of course, the win:loss ratio decreases due to noise, but the r:r increases to more than compensate.

some of the things that inspire me was the millipede site: http://www.forexfactory.com/showthread.php?t=245149

The R:R of the millipede guy is stratospheric. That is the thread that planted in my mind the concept of squeezing higher R:R from something you are already familiar or comfortable with. Some of his ideas i threw away, some i kept.
  • #10,505
  • Aug 7, 2011 12:12am Aug 7, 2011 12:12am
Quoting dddd
it is simply a hector method within a hector method. of course, the win:loss ratio decreases due to noise, but the r:r increases to more than compensate.

some of the things that inspire me was the millipede site: http://www.forexfactory.com/showthread.php?t=245149
what do you mean by noise?
also this week you only had one loss i think -- and the R:R on the other winners was quite high
  • #10,506
  • Aug 7, 2011 12:28am Aug 7, 2011 12:28am
Quoting aw714
what do you mean by noise?
also this week you only had one loss i think -- and the R:R on the other winners was quite high
i have had weeks with more than one loss. trust me. one week is not enough to judge, as you well know. stay tuned.

Noise? randomness, ghosts, shit-that-happens, unexplained market movements(at least, unexplained to me). The lower your time frame, the tighter your SL, the easier it is to get knockout of positions. THREE weeks ago or so, i remember i had to enter a position 3 times(3rd time was the charm--the time that i wasnt knocked out). re-entering a position twice is not uncommon.
  • #10,507
  • Aug 7, 2011 12:42am Aug 7, 2011 12:42am
Quoting dddd
i have had weeks with more than one loss. trust me. one week is not enough to judge, as you well know. stay tuned.

Noise? randomness, ghosts, shit-that-happens, unexplained market movements(at least, unexplained to me). The lower your time frame, the tighter your SL, the easier it is to get knockout of positions. THREE weeks ago or so, i remember i had to enter a position 3 times(3rd time was the charm--the time that i wasnt knocked out). re-entering a position twice is not uncommon.
of course i imagine you get stopped out more than once a week, but with such insane R:R it must be better than just having much bigger stops (or you would trade that way) and you probably are profitable most months
  • #10,508
  • Aug 7, 2011 4:54am Aug 7, 2011 4:54am
hi I am new to forex factory and to trading and I am very glad to have discovered this thread. I just have begun studying the Hector trader 3 SMA system... it is encouraging to find others using the trend trading system. Hope to learn from and chat with you guys!
Service to Man is service to God.
  • #10,509
  • Aug 7, 2011 7:12am Aug 7, 2011 7:12am
Quoting jim1972
Hi Shiko

I am glad you are making money!!!

But I think you missed the point of this system!
And that is NOT to trade unless there is a trend !!
You will lose money for sure! If you try and trade this with out a trend!

Jim
Thanks Jim,
This strategy is for amateurs as a professional trader must be able to read and trade market in any conditions. When there is trend it is additional bonus.
Also, you never know when the trend starts. There is some clues but they not always work. I was entering trades when i had signals, the problem was that trend did not take off.
Now, I am already in trade well before guys trading this system even start looking for signal because I am capable of reading price action and small clues before things become clear for majority.
The truth that i was doing well before trading this and started doing well again. I do not listen to no one any more as I know I am good enough to make my own judgments.
I think it is big mistakes people make trading with rigid strategies instead of learning the market to be able to trade in all market conditions. I like Bruce Lee saying :"Be like a water". This is what i am doing and it is going well.
  • #10,510
  • Aug 7, 2011 7:14am Aug 7, 2011 7:14am
Quoting baz
Sorry to Hear about your experience..but you also turned it round..which is the MOst Important thing..BECAUSE it is YOUR own method..
But beaware..

HECTOR NO longer uses the 3SMA...
He usses PA,Support and Ressistance., TL. FIBO levels..and Visual LOOK at the TREND or if MARKETS are in RANGE..

You can always ask him directly..if you wish

baz

I do not use any MAs at all. S/R, TL, PP, momentum, failures and price action around all those points.
You do not need MA;'s to tell you is there a trend.
  • #10,511
  • Aug 7, 2011 7:18am Aug 7, 2011 7:18am
Quoting dddd
that is because you are not trading with the TREND. You said so yourself "In january/february when market was ranging i lost all earnings from previous 5 months".
Why would anybody want to trade a trend trading system in a ranging market? How does that makes any sense? By trend, i mean the trend has to be established on the daily and the weekly levels of higher highs or lower lows, with the 3sma aligned in a direction. That means, sometimes, there wont be any trading setups....that means, the number of pairs/crosses traded will need to be expanded...
The problem is that you do not know when trend starts and continues. It may look like a trend especially if range is broad enough.
Also, in this case you have to determine what time frame you age going to look for trend. There is daily trends... on 15 min charts and monthly trends on 4H charts. It can be confusing.
In any case, I do trade my own style but it is flexible enough to trade whatever is happening.
I would like to add that trading only one instrument also helps as it improves trades quality and trader learns this instruments well and develops gut feeling by that time ....

OK guys, it was nice to visit this thread. Now back to my den
  • #10,512
  • Aug 7, 2011 8:01am Aug 7, 2011 8:01am
Quoting shiko
The problem is that you do not know when trend starts and continues. It may look like a trend especially if range is broad enough.
Seriously? have you even read anything about the course at all? you dont know when trend starts and continues? how can you not know given the parameters in the course: series of higher highs or lower lows in conjunction with a well aligned 3sma of 30, 50, 100. All on the higher time frames of daily, weekly, and preferably monthly(if your entry is on the daily). If your time frames is getting to m30 and below, you want that trend definition to encompass h4. OF course, you watch out for S/R levels from higher time frames(daily, weekly, monthly). With all due respect, i dont think you fully understand the method, at all. In fact, the first few chapters of the course was completely devoted to WHAT IS A TREND. Defining it and spotting it.


Quoting shiko
Also, in this case you have to determine what time frame you age going to look for trend. There is daily trends... on 15 min charts and monthly trends on 4H charts. It can be confusing.
Are you serious? You define the trend on the higher time frames, making sure they support each other. Then you use the lower time frames to enter. If there is an uptrend on the lower time frame and a downtrend on the higher time frames, you do not take a bullish position, you take a bearish position. . You trade the trend of the higher time frames on the lower time frames. Even better, you look for trades where there is bearish trend in both the higher time frames and the lower time frames. This is not rocket science. What is so confusing about that? higher highs or lower lows, with the 3sma aligned in one direction. How is that complicated? It is obvious to me that you dont really understand the hector 3sma trading method. You have no clue about it. You dont even have a clue about its most simplest part:how to spot a trend.

Quoting shiko
In any case, I do trade my own style but it is flexible enough to trade whatever is happening.
Good for you.

Quoting shiko
I would like to add that trading only one instrument also helps as it improves trades quality and trader learns this instruments well and develops gut feeling by that time ....
From my humble opinion, trading one instrument is ANTI-DIVERSIFICATION. It can be a recipe for disaster. I prefer to put my eggs in more than one basket.
CUSTOS and I had this discussion at one time about a british trader
http://www.forexfactory.com/showthre...sh#post4296566
BEST of luck, mr. shiko. Whatever works for you.

Quoting shiko
OK guys, it was nice to visit this thread. Now back to my den
Best of luck, mr. shiko
  • #10,513
  • Aug 7, 2011 8:41am Aug 7, 2011 8:41am
Quoting shiko
I do not use any MAs at all. S/R, TL, PP, momentum, failures and price action around all those points.
You do not need MA;'s to tell you is there a trend.
the MA shows you how healthy the trend is. THE series of higher highs and lower lows on higher time frames and economic trends is what ultimately determine the trend. How healthy the trend is illustrated by the nice alignment of the 3sma. Respectfully, you are missing the point.


Quoting shiko
Thanks Jim,
This strategy is for amateurs as a professional trader must be able to read and trade market in any conditions.
Hahahaha. WITH all due respect, i will have to say no. With all due respect, that is the most amateurish thing i have read in a while. Knowing when to play and not to play is a big part of trading. Read reminiscence of a market operator by edwin lafavre, read all the market wizards books by jack d scwager, read investor business daily, all these great men (and in some cases, women) of finance KNOWS WHEN TO TRADE AND WHEN TO STAY OUT OF THE MARKET. Please, tell me which one of the great market wizards think "a professional trader must be able to read and trade the market in any conditions". We are not gods. We dont have perfect market knowledge. And we dont need to. WE just need to be able to brutally exploit the market when we are able to read the market favourably. You have to know when to fold them, know when to play, and know when to walk away. I leave you with the gambler's song:
Inserted Video



Quoting shiko
When there is trend it is additional bonus.
Professional traders dont take trades all the time: they take trades that meet their conditions. it could be trend or anti-trend or ranging. But they wait for conditions to meet their parameters.

Quoting shiko
Also, you never know when the trend starts.
TREND: series of higher highs or series of lower lows....with well aligned 3sma on higher time frames of daily, weekly, (monthly and h4 can be included too).
How is this rocket science? Just because you have problem with something doesnt mean others do. Your brain is not everybody's brain. With all due respect, I know some people have a developmental disability where they cant recognize sequential patterns or colours, because they are partially autistic, that doesnt mean others cannot. And i mean that with all due respect.

Quoting shiko
There is some clues but they not always work.
What in this life works all the time? Maybe you dont know what you are doing even though you think you do? Is that a human possibility? #2. nothing is going to work perfectly all the time. In fact, if a system works all the time, it is a scam. I just need the odds in my favour, not some 100% system.


Quoting shiko
I was entering trades when i had signals, the problem was that trend did not take off.
For the love of heavens. You enter trades AFTER THE TREND HAS TAKEN OFF, not as you said you did "...that trend did not take off." You dont enter in the anticipation of the trend taking off...you enter AFTER it has taken off. It is trend trading. Not trend prediction. It is obvious to me that you dont understand the system you were trading.

Quoting shiko
Now, I am already in trade well before guys trading this system even start looking for signal because I am capable of reading price action and small clues before things become clear for majority.
Good for you. whatever works for you. best of luck.


Quoting shiko
The truth that i was doing well before trading this and started doing well again. I do not listen to no one any more as I know I am good enough to make my own judgments.
Congratulations. Hahahaha. Like i said, whatever works for you.
Just out of curiousity, all these stuff that you are currently using: S/R, TL, PP, momentum, failures and price action around all those points. Are they not written in a book, website somewhere? Nobody is inventing the wheel....there is nothing in hectors 3sma that you wont find on FF for free. We are merely reshuffling the deck. ALL of us. I like how people like to boast about how they invented their own system. Everything written on FF, everything, you can find it in a book or so, somewhere else. Trading methodologies is as old as the markets. It is just a matter of finding the ones or combination of the ones that suits you.

Quoting shiko
I think it is big mistakes people make trading with rigid strategies instead of learning the market to be able to trade in all market conditions.
With all due respect, that statement makes no sense at all.
Look at william o'neil CANSLIM methodology. Isn't that rigid? How about James rogers specialized fundamental approach? isnt that rigid? how about bruce kovners? or jesse livermore? the list goes on. You need to have a system, that system will not always work. You need to know what market condition that system wont work. you need to stay out of the market when that system doesnt work.

Quoting shiko
I like Bruce Lee saying :"Be like a water". This is what i am doing and it is going well.
What does bruce lee knows about trading? If i want to learn martial arts i listen to bruce lee, if i want to learn medicine i listen to the medical doctors. if i want to learn trading i listen to market wizards.

anyways, whatever works for you.
  • #10,514
  • Aug 7, 2011 9:17am Aug 7, 2011 9:17am
Quoting aw714
of course i imagine you get stopped out more than once a week, but with such insane R:R it must be better than just having much bigger stops (or you would trade that way) and you probably are profitable most months

I prefer it the way it is. WITH an r/r of 1:8 or 1:6 or 1:12. if you lose on your first entry all that means is that your r/r gets reduced to 1:7 or 1:5 or 1:11 in the grand scheme of things. Of course, i also trade the classic hector trades when it shows up, as a way of pyramiding.

I am profitable so far...although a lad once told me that i need about 10,000 live trades to robustly say that i am profitable....if things keep going the way they have been, and i keep sticking to perfect setups, even if that means only +1 trade per week, heck...i wont need a 10,000 trades before i retire from trading.

We all have our thing.

My next step is to thoroughly advance my knowledge of fundamentals to such higher levels as to be very comfortable holding subparts of my trading lots for months like the millipede guy. Imagine entering on the 1min or 5mins...and riding a tidal wave for 6 months to a year. THAT WILL BE RIDICULOUS RETURNS. Personally, i think i need to be able to determine the FUNDAMENTAL trend to accomplish that. Still learning....still evolving....
  • #10,515
  • Aug 7, 2011 11:05am Aug 7, 2011 11:05am
Quoting dddd
the MA shows you how healthy the trend is. THE series of higher highs and lower lows on higher time frames and economic trends is what ultimately determine the trend. How healthy the trend is illustrated by the nice alignment of the 3sma. Respectfully, you are missing the point.




Hahahaha. WITH all due respect, i will have to say no. With all due respect, that is the most amateurish thing i have read in a while. Knowing when to play and not to play is a big part of trading. Read reminiscence of a market operator by edwin lafavre, read all the...
I did not come here to insult anyone but you really got pretty combative.
In any case I really do not care about what you or anyone else tells. I have listened before to other people opinions and it only made my trading life harder.
Let's put it simple, I know better than you do what 's happening and what I am doing on intra day basis. This is why I day trade and you are looking at longer term trend to help you out. I know when to trade and when not for intra day trading and this is all I need.
I have method and I have plan and it works for me.
If this system works for you, i am very happy for you.


In any case, I wish you best of luck too Mr. DDDD.

I would also advise to show your pips and trading before running your mouth.
  • #10,516
  • Aug 7, 2011 1:21pm Aug 7, 2011 1:21pm
Quoting shiko
I did not come here to insult anyone but you really got pretty combative.
I just cant tolerate anymore this whole "something doesnt work for me, therefore it CANNOT work for anybody else". mentality

Quoting shiko
In any case I really do not care about what you or anyone else tells. I have listened before to other people opinions and it only made my trading life harder.
You honestly think i am interested in you listening to me? or in you doing what i do? What i cant stand is you saying because "hector doesnt work for me, therefore hector cant work for anybody". basically, you are telling everybody what to think. Please, stop!

Quoting shiko
Let's put it simple, I know better than you do what 's happening and what I am doing on intra day basis.
CONGRATULATIONS!!

Quoting shiko
This is why I day trade and you are looking at longer term trend to help you out.
CONGRATULATIONS!!

Quoting shiko
I know when to trade and when not for intra day trading and this is all I need.
hahahaha. I thought you said that a professional trader has to be able to trade under ANY MARKET CONDITION. Let me quote you "......as a professional trader must be able to read and trade market in any conditions." So, now, you are admitting that you dont trade the market in ANY CONDITIONS?!?
SO, which one is it? do you trade under any condition or you dont?
Trend trading also helps in knowing when to and when not to trade.....you have your way of knowing when to trade, trend trading has its way of knowing when to trade....but yours must be superior and trend must be inferior because it is trend trading?....hmmm....hahahaha. But earlier though, you said that not trading under all conditions is unprofessional. okay, mr. shiko. hahahaha.

Quoting shiko
I have method and I have plan and it works for me.
CONGRATULATIONS!!

Quoting shiko
If this system works for you, i am very happy for you.
CONGRATULATIONS!! all around!!

Quoting shiko
In any case, I wish you best of luck too Mr. DDDD.
CONGRATULATIONS!!

Quoting shiko
I would also advise to show your pips and trading before running your mouth.
Oh please, why would i want to prove anything to you? there are some old traders on this site that i am in PM with refining some methods....those i will show stuff to. In private conversation with people like micardo or nightmoves, i will show stuff. But you? why? What are you? my friend? my colleague? somebody i need to prove something to? come on.
  • #10,517
  • Aug 7, 2011 3:19pm Aug 7, 2011 3:19pm
I guess this thread is all shot to hell. Pitty, It started out freakin great with NM postings.... I was hoping to bounce some ideas around with senior guys learn some things and generally get better.......
  • #10,518
  • Aug 7, 2011 3:41pm Aug 7, 2011 3:41pm
Quoting dddd
I just cant tolerate anymore this whole "something doesnt work for me, therefore it CANNOT work for anybody else". mentality



You honestly think i am interested in you listening to me? or in you doing what i do? What i cant stand is you saying because "hector doesnt work for me, therefore hector cant work for anybody". basically, you are telling everybody what to think. Please, stop!



CONGRATULATIONS!!



CONGRATULATIONS!!



hahahaha. I thought you said that a professional trader has to be able to trade under ANY MARKET CONDITION. Let...
By intra day I meant day trader. I trade every day, in all market conditions, ranging, trending whatever and I rarely have losing day and have not had a losing month since I started again at the end of February and have not had a single losing week either.

Bye Bye.
  • #10,519
  • Aug 8, 2011 11:33am Aug 8, 2011 11:33am
anybody took CHF trades? i didnt. wasnt available. G20 meetings all day today. not sure i want to trade european based currency on such a day.

P.S the trend collapse trade nature of AUD/USD trade really pushed it far, far beyond expected PT target. roughly +280 pips beyond 1.0580.
  • #10,520
  • Aug 8, 2011 11:39am Aug 8, 2011 11:39am
TIMBERRRR!
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