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  • #4,861
  • Sep 10, 2011 10:29pm Sep 10, 2011 10:29pm
Thanks lot for sharing your great method,

Really you are altruist, open our eyes about forex

I am afraid of forex trading is very tough

But your explanation very positive way and your method give positive out put also

You are veteran in forex trading

You are extrovert

Jesus Blessed you and your all hand effort

Thank you for sharing your truth full method
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  • #4,862
  • Sep 10, 2011 11:16pm Sep 10, 2011 11:16pm
Quoting ajentha
Thanks lot for sharing your great method,

Really you are altruist, open our eyes about forex

I am afraid of forex trading is very tough

But your explanation very positive way and your method give positive out put also

You are veteran in forex trading

You are extrovert

Jesus Blessed you and your all hand effort

Thank you for sharing your truth full method
Hi,
Mate, If I may, I would suggest to not be too happy of demoing when last week and a week before were actually "payout" weeks for trend traders on EU, experiencing many small losses for a number of summer ranging weeks before.

Can you handle if next 3-4 weeks will be price ranging in narrow diapason? It's easy to say that method works and bla-bla-bla when price just drops like a knife... almost any EU position opened in last two weeks would still be alive.. Soon after that exagerrated happiness many switch to real account and expect such weeks to repeat, now on real account. But this is usually the time when ranging weeks start to happen.. account goes to dust or degrades heavily as you base your decisions on what you saw these weeks.. you aggressively enter the market when you actually should trade more defensively after volatility breakdown/breakout weeks.

Cause it's a cycle in the market.. traders jump in right before or at the start of the move... not when it actually happened.
When it happening.. they accurately add few more positions here and there... still controlling overall risk.

When it has already happened.. it rarely continues again as too many traders saw price doing its thing and its obvious even for your old granny that it's "a right time to sell the euro".. when euro is already 800 pips down... and when it's now a time to think about doing quite opposite - anticipating opposite direction trades... if major monthly trend suggests so..

My advice if I may - please don't overestimate the power of the method trading 'every week' like single-direction weeks cause weeks like previous and the one before happen not very often, but when they happen your responsibility as a trader is to capture them all with many positions to reap sound profit, covering all losses manyfolds.

Good luck, mate!

Regards,
Alexander
  • #4,863
  • Sep 11, 2011 12:11am Sep 11, 2011 12:11am
So that I place SL See, if market is change take diversification

Lower entry has to close with profit
  • #4,864
  • Sep 11, 2011 9:26pm Sep 11, 2011 9:26pm
The funniest thing about this thread is how after every strong run of a few days or a week or two that a currency pair will make, someone will post what an amazing approach this is and how thankful they are to Graeme. Why don't we see those same posts when the market is not doing a strong multi-day run? Always makes me laugh and cry at the same time....

All my best,
MK
  • #4,865
  • Sep 12, 2011 9:21am Sep 12, 2011 9:21am
the funniest thing is that someone don't understand that when market is not doing a strong multi-day run, seasoned traders simply stand by and wait.

that "someone" believes seasoned traders were losing like "someone" in a pathetic way is the funny part.

Quoting MidKnight
The funniest thing about this thread is how after every strong run of a few days or a week or two that a currency pair will make, someone will post what an amazing approach this is and how thankful they are to Graeme. Why don't we see those same posts when the market is not doing a strong multi-day run? Always makes me laugh and cry at the same time....

All my best,
MK
  • #4,866
  • Sep 12, 2011 11:07am Sep 12, 2011 11:07am
Quoting charvo
the funniest thing is that someone don't understand that when market is not doing a strong multi-day run, seasoned traders simply stand by and wait.

that "someone" believes seasoned traders were losing like "someone" in a pathetic way is the funny part.
Well, and I'm afraid those seasoned traders still were experiencing many small losses in those ranging days, probing carefully here and there.

Otherwise how w/o participating would they know beforehand if this day is ranging and one should pass it or will this day be trending...

Yeah.. with the help of technical analysis... based on lines... ATRs, graphical figures... bla-bla-bla.. they can selectively trade, but again, how would they know in advance, if that analysis would be correct... the only way to check if it was correct, I believe, is participate in the market.. experiencing small losses, of course. This is part of this business $)

Regards,
Alexander
  • #4,867
  • Sep 12, 2011 12:13pm Sep 12, 2011 12:13pm
Follow the rule of no more than one failed attempt per day per pair and we should be just fine. I also trade only currencies that have stronger strength during the week to filter out the bad pairs from the good ones.
Staying in my lane...
  • #4,868
  • Sep 12, 2011 6:21pm Sep 12, 2011 6:21pm
Quoting MidKnight
The funniest thing about this thread is how after every strong run of a few days or a week or two that a currency pair will make, someone will post what an amazing approach this is and how thankful they are to Graeme. Why don't we see those same posts when the market is not doing a strong multi-day run? Always makes me laugh and cry at the same time....

All my best,
MK
Again with another attempt to derail. Pay no attn to this guy fellas.
  • #4,869
  • Sep 12, 2011 7:46pm Sep 12, 2011 7:46pm
Quoting AlexanderSV
Well, and I'm afraid those seasoned traders still were experiencing many small losses in those ranging days, probing carefully here and there.

Otherwise how w/o participating would they know beforehand if this day is ranging and one should pass it or will this day be trending...

Yeah.. with the help of technical analysis... based on lines... ATRs, graphical figures... bla-bla-bla.. they can selectively trade, but again, how would they know in advance, if that analysis would be correct... the only way to check if it was correct, I believe, is...
Fully agreed Alexander, well said. Participation is one of the main points of this approach.

All my best,
MK
  • #4,870
  • Sep 12, 2011 7:56pm Sep 12, 2011 7:56pm
Quoting daft
Again with another attempt to derail. Pay no attn to this guy fellas.
My post was not derailing, it was an attempt to balance the posts in this thread so future readers see an honest picture of it. Yeah you can make lots and lots of pips when the market does strong multi-day runs but you are still going to rack up a lot of losses when its not moving like that. Graeme himself says that is part of the method and that most people cannot handle that. But you don't see people posting that, do ya.

I trade in a millipedesque fashion, have followed this thread since the beginning and have always publicly expressed my thanks to Graeme in this thread. There are no attempts on my part to derail this thread. All my comments in this thread are honest.

Just get off my back as you continue to stalk my posts across the forum and add your useless extra comment. What value are you adding anywhere on this site - zero.
  • #4,871
  • Sep 12, 2011 8:23pm Sep 12, 2011 8:23pm
Quoting MidKnight
My post was not derailing, it was an attempt to balance the posts in this thread so future readers see an honest picture of it. Yeah you can make lots and lots of pips when the market does strong multi-day runs but you are still going to rack up a lot of losses when its not moving like that. Graeme himself says that is part of the method and that most people cannot handle that. But you don't see people posting that, do ya.

I trade in a millipedesque fashion, have followed this thread since the beginning and have always publicly expressed my...
Staying in my lane...
  • #4,872
  • Edited 9:23pm Sep 12, 2011 9:06pm | Edited 9:23pm
Quoting MidKnight
My post was not derailing, it was an attempt to balance the posts in this thread so future readers see an honest picture of it. Yeah you can make lots and lots of pips when the market does strong multi-day runs but you are still going to rack up a lot of losses when its not moving like that. Graeme himself says that is part of the method and that most people cannot handle that. But you don't see people posting that, do ya.

I trade in a millipedesque fashion, have followed this thread since the beginning and have always publicly expressed my...
If Graeme has said it hundreds of times in this thread then why do you feel the need to gleefully repeat it at the first sign of anyone's success? You already suggested Graeme was a liar by saying "if you're so good at 3x20 exercise why don't you just do that". And YOU came into another thread I was in and tried the same thing with the author of the thread....suggesting he doesn't know what he's teaching.

It's obvious Charvo didn't find your post helpful.

Enough. Go troll another thread.
  • #4,873
  • Sep 12, 2011 9:42pm Sep 12, 2011 9:42pm
Daft, thanks for that.

_________________________


i was lazy to post, but then changed my mind to write a few thoughts.

well, i'm a loser, still on the way though.

Graeme in fact told us two things:

1. a trader needs an edge

2. when he has 1, he should go ahead trading, but let the profit run, don't exit market completely.

by reading till this page, everyone understands 2.

but few understand 1.

lazy ass just don't want to take pains to sharpen the sword.

instead, they said "i'm confused by this", "i'm confused by that", why this way is not working, why last month, i lost a bunch?

if it doesn't work, that's simply because you don't have a sufficient edge. NO OTHER REASONS.

and Graeme told that 3x20 is a way to get an edge. There is some other way, don't mention it, everyone knows, but they are just too lazy.

good luck, guys, market is for ppl who work hard on market itself.

Quoting daft

It's obvious Charvo didn't find your post helpful.
  • #4,874
  • Sep 12, 2011 9:43pm Sep 12, 2011 9:43pm
Quoting daft
If Graeme has said it hundreds of times in this thread then why do you feel the need to gleefully repeat it at the first sign of anyone's success? You already suggested Graeme was a liar by saying "if you're so good at 3x20 exercise why don't you just do that". And YOU came into another thread I was in and tried the same thing with the author of the thread....suggesting he doesn't know what he's teaching.

It's obvious Charvo didn't find your post helpful.

Enough. Go troll another thread.
Don't be a jerk, I NEVER SUGGESTED GRAEME WAS A LIAR! Again it was an honest question. If you could make 240 pips a week on average - that wouldn't be good enough for you? Just because you choose to blatantly accept what someone says without question, does not mean others must. Get off your high horse a little.

I am through discussing this anymore with daft as it is only damaging the thread by distracting from its content. I only made this post in order to defend the claim that I was calling or insinuating that Graeme was a liar. I would never ever do that as I hold him in high regard.
  • #4,875
  • Sep 13, 2011 6:23am Sep 13, 2011 6:23am
Quoting MidKnight
The funniest thing about this thread is how after every strong run of a few days or a week or two that a currency pair will make, someone will post what an amazing approach this is and how thankful they are to Graeme. Why don't we see those same posts when the market is not doing a strong multi-day run? Always makes me laugh and cry at the same time....

All my best,
MK
Quite true, MK. It's just a simple honest observation. Its ridiculous to say you are critical of Graeme and his method.

In fact, whenever market pattern is conducive to certain trading technique, you will see that thread will come up to the first page with lots of posts.

Regards,
TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #4,876
  • Sep 13, 2011 11:18am Sep 13, 2011 11:18am
Quoting TradeStar
Quite true, MK. It's just a simple honest observation. Its ridiculous to say you are critical of Graeme and his method.

In fact, whenever market pattern is conducive to certain trading technique, you will see that thread will come up to the first page with lots of posts.

Regards,
TradeStar
Hear, hear!-- MK was just trying to be honest and realistic-- ain't nothing wrong with that..
  • #4,877
  • Sep 15, 2011 12:26pm Sep 15, 2011 12:26pm
Quoting MidKnight
My post was not derailing, it was an attempt to balance the posts in this thread so future readers see an honest picture of it. Yeah you can make lots and lots of pips when the market does strong multi-day runs but you are still going to rack up a lot of losses when its not moving like that. Graeme himself says that is part of the method and that most people cannot handle that. But you don't see people posting that, do ya.

I trade in a millipedesque fashion, have followed this thread since the beginning and have always publicly expressed my thanks...

I think MidKnight is honest in his postings..i am sure he is not Derailing this thread.

It is always better to talk about good times and bad times.
-happyTrading, maaj-
  • #4,878
  • Sep 15, 2011 2:10pm Sep 15, 2011 2:10pm
What broker is everyone using? I'm currently using TradeStation and their position management forces me to dump my most profitable position. For instance...

Short EURUSD 1 lot at 1.45
Short EURUSD 1 lot at 1.40

Both stops are then set to B/E..price goes down to 1.35 and then retraces back to 1.4. TradeStation forces me to cover my position at 1.45 which is exactly the opposite of what we are trying to do (Hold most profitable positions for maturation).

I've been on the hunt for just a single broker who doesn't do this and the only one I've found in Oanda but their platform is no where near the level of TradeStation.

Help anyone?
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #4,879
  • Edited 8:18pm Sep 15, 2011 7:15pm | Edited 8:18pm
http://www.theessentialsoftrading.co...forex-hedging/
  • #4,880
  • Sep 15, 2011 9:37pm Sep 15, 2011 9:37pm
Quoting zusch
What broker is everyone using? I'm currently using TradeStation and their position management forces me to dump my most profitable position. For instance...

Short EURUSD 1 lot at 1.45
Short EURUSD 1 lot at 1.40

Both stops are then set to B/E..price goes down to 1.35 and then retraces back to 1.4. TradeStation forces me to cover my position at 1.45 which is exactly the opposite of what we are trying to do (Hold most profitable positions for maturation).

I've been on the hunt for just a single broker who doesn't do this and the only one I've found...
Hi there,

This is due to some great (sarcasm) US regulation that was recently brought about. My brokers do the same thing (Oanda US division and Interactive Brokers). The only solution is to use a non-US broker. Oanda's Singapore division do not impose such a requirement and I may transfer over my Oanda account to their division. Like you, I find it a pain. One way to work around it is to do your entries of different lot sizes. For example with Oanda you can trade as small as $1 positions, so you may do sizes of 100,00 100,001 100,002 etc... per entry. I hope you get my meaning.

All my best,
MK
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