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  • #1,601
  • Sep 30, 2011 7:58pm Sep 30, 2011 7:58pm
Oh dear, now you've really given yourself away!

Have fun playing with your non-stop fantasy money-making machine (that you could sell to a hedge fund for $500 million if it actually existed). Ha ha!

I think you'll find I just won.
  • #1,602
  • Sep 30, 2011 8:06pm Sep 30, 2011 8:06pm
The PDF in post #1 mentions my EA and shows pics of it working. That PDF has been downloaded 4990 times as of right now. So it's a little late to declare that I'm making it up just to score cheap points with you.

I invite you to stay, and to stay focused. Maybe like my friend Flamenco it will take you 2 years to finally "get it". Good things come to those who can wait. And practice. Lots and lots of practice...
To improve is to change. To perfect, is to change often.
  • #1,603
  • Sep 30, 2011 8:19pm Sep 30, 2011 8:19pm
Well, you're the big guy around here who has all the answers (except to any of my questions), so I'll quit bugging you, bow to your superior wisdom and thank you again for the thread. Wasn't it fun guys and girls?

And from me it's goodnight and farewell.



Quoting forexhard
The PDF in post #1 mentions my EA and shows pics of it working. That PDF has been downloaded 4990 times as of right now. So it's a little late to declare that I'm making it up just to score cheap points with you.

I invite you to stay, and to stay focused. Maybe like my friend Flamenco it will take you 2 years to finally "get it". Good things come to those who can wait. And practice. Lots and lots of practice...
  • #1,604
  • Sep 30, 2011 8:21pm Sep 30, 2011 8:21pm
Quoting pixelboy
Oh dear, now you've really given yourself away!

Have fun playing with your non-stop fantasy money-making machine (that you could sell to a hedge fund for $500 million if it actually existed). Ha ha!

I think you'll find I just won.
Man you've invested some valuable time into this method and the majority of your posts are in this thread. I would hate to see you walk away from something that you can make work for yourself.

It's a really simple method. I just think you are over analyzing everything and taking it as if you are failing or the strategy is failing you.

Anderson
  • #1,605
  • Sep 30, 2011 9:37pm Sep 30, 2011 9:37pm
Anderson, you are witnessing a prime example of what is meant when people say "It's not the system, it's the guy trading it."

The system is easy. Many systems are. But until the trader can get a grip on their fears, frustrations, goals, dreams, expectations, etc., etc., no system will ever work for that person. Self discipline and self mastery is the toughest job of all.

I started a teaching thread. And in that thread I have given away more than enough details and trade secrets that any seasoned trader can take away from here and make money with. The proof is that this thread is averaging 3000 hits per day (!!!), and that many members are posting positive results week after week. So if it's enough for them, it's enough for anyone.

Last time: Every single one of PB's questions except one have been thoroughly answered many times within the thread. And he could answer that last elusive set of questions himself with about 2 weeks of daily forward testing. The successful members around here are the one's who have done just that. PB can follow their lead, or he can waste more time begging to be spoon fed the answer(s). But as he can clearly see, begging won't get him anything but a hard time.
To improve is to change. To perfect, is to change often.
  • #1,606
  • Oct 1, 2011 6:24am Oct 1, 2011 6:24am
Quoting AndersonAlex
Man you've invested some valuable time into this method and the majority of your posts are in this thread. I would hate to see you walk away from something that you can make work for yourself.

It's a really simple method. I just think you are over analyzing everything and taking it as if you are failing or the strategy is failing you.

Anderson
I have to agree. I went down that road with this system. I tried a bunch of statistical analysis, and I posted some of my results in this thread. But I eventually realized that it's really not needed with this method. Just trade it, it works!

I trade it on a micro account because I'm still learning to trade FX in general. I sometimes set some conservative filters like trading only with the major trend, or only taking high momentum BOs, or limiting only to one or two pairs you know well. It depends. My biggest problem is that I'm usually asleep or at work when the BO occurs, but that's something else.

I think there is no substitute for understanding price action - basic FX TA fundamentals. No system will be successful without those kinds of filters in place. Nothing Forexhard teaches here will make you or me successful all by itself.

The best thing FH taught me is one simple, yet profound truth about the market. We all know you cannot predict where price will go. But we CAN predict that price WILL consolidate at times, and therefore we CAN predict that there will be breakouts.

Good luck, and mega pips to everyone here!
Luck occurs when preparation meets with opportunity.
  • #1,607
  • Oct 1, 2011 6:47am Oct 1, 2011 6:47am
Absolutely agree with you alienfrog .. just spend your time to trade it in real account & learn to master it..Hope that email alert is already working so you can wake up in the middle of the night and make/lose some pips..Good Luck !!
  • #1,608
  • Oct 1, 2011 12:14pm Oct 1, 2011 12:14pm
This system works!!! - Thanks to ForexHard's work - the people who read this thread and apply the premise - will see profits.

A Consolization Zone is an area that - as Tim Morge says "...the market is restoring energy -
Leslie Jouflas calls a CZ "a Money Box"

Take look at the my US Session trades for September. There are only 4 but huge pips were to be made

ForexHard has said that this is not an always in trade.

I have 3 trades types and only 3 -

1. ForexHard - SQ Indi Stair Step Break Out
2. SR Line trade
3. Andrews Pitchfork trade as taught by Tim Morge

These trades and 5 pair keep me plenty busy.

Anybody who has been trading for 10 years should have their crap together.

AndersonAlex is a newbie and he makes money with this system. He just works it.

I am moving and will not post until next weekend.

Trade Well All
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  • #1,609
  • Oct 1, 2011 3:09pm Oct 1, 2011 3:09pm
Thanks guys for speaking up. You are living proof that this system does work so long as you are willing to put in the time and the effort. You get out what you put in, just like with anything else in life. Forex is no different. If it's worth your time, it's worth doing right. I know that a few of you guys truly understand this, and I'm here for you as much as I can be.
To improve is to change. To perfect, is to change often.
  • #1,610
  • Oct 1, 2011 7:07pm Oct 1, 2011 7:07pm
Interesting developments over the last few days. Although a noob, I will put in my $.02 here.

I have been participating in the thread since the early days. I did the manual box exercise, and subsequently benfited greatly from squalou's development of the indicator. In my case, the breakouts usually occur during my sleep time. As a result of other circumstances, I am now at my desk at 4 am EST and can catch a few more of the breakouts. I am not anywhere near 90% with the system, but I see a future in it. It gives me an edge. Not sure that I can ask much more than that from any system.

FH has provided me with a tool to identify a time zone when the market is building energy to make a move. I am combining this tool with my slowly developing understanding of price action. The combination of the two is improving my win ratio. I admit that there are times when I disagree with the signal. If I'm not completely comfortable, I don't enter the trade. I might be violating the rules, but no one else is going to put the money back in my account if the trade goes against me. In other words, it's my responsibility to do the work and understand the system; my repsonsibility to place the trades; my responsibilty alone to eat the losses that occur; and, my joy to revel in the winners. I also cry in my beer over the trades that I did not take that turned out to be real winners. Then I move on because there will be more trades tomorrow. I have suffered from a desire to always be "in" a trade. FH has helped me truly understand that there will always be another trade. The next really good CZ may not be for another hour, another day, or another few days. But, it will show up. It really is worth waiting for the best ones and not waste my money on the "so-so" opportunities.

So, in summary, I am grateful to FH for investing the time to teach the system. I feel that I have benefited greatly from studying it. I also feel that I have a great deal more to learn and will gain more understanding as I continue to trade with this system.

My expression of gratitude would not be complete without thanking Squalou one more time for the development of the indicator.

T
  • #1,611
  • Edited Oct 2, 2011 5:30am Oct 1, 2011 8:59pm | Edited Oct 2, 2011 5:30am
forexhard,

After reading this post, I have just got to express my views for what they are worth.

Your method is sound & I understood it from day one, & I have traded it on a live account since I started reviewing its contents & I can trade it with NO problem. The box method is simple by desgin & has been traded
for more yrs than this thread has been alive. You don't even need the fancy bright colored indicator that one trader was kind enough to code, just box in the consolidation & you have it. Now, that is how I see it as a simpleton way of trading. It is NOT rocket since.

I feel your pain as I know it gets old repeating the same information to the same few traders that will frequent these threads daily & you as the creator of this thread are expected to endure this each day. As I said to another trader experiencing the same pain as you....this is the nature of these threads & you are going to have these & many more of the same questions in the days ahead. The answer for the other trader is moving to a skyperoom for whatever that is worth.

It matters NOT how simple & concise your method is......NO two traders are going to understand & trade the method as you have explained it. They are always going to want an EA, or add 5 indicators & eventually they are lost. You can see this everyday on every trading forum out there in internet land. My hat is off to you for you willingness to share, but there is certainly a price to pay when you enter these forums.

I wish you the best in the future with your thread & trading.

_________________________
  • #1,612
  • Oct 1, 2011 11:00pm Oct 1, 2011 11:00pm
Quoting andri66
Absolutely agree with you alienfrog .. just spend your time to trade it in real account & learn to master it..Hope that email alert is already working so you can wake up in the middle of the night and make/lose some pips..Good Luck !!
Haha! Thanks, andri. Actually it sometimes works and sometimes does not. I'm still on v.12 so I need to update then try again.

Everyone is on the same page here. That is very good. Ditto to every post on this page! And ditto thanks again to Squalou and FH!

Mega pips to all!
Luck occurs when preparation meets with opportunity.
  • #1,613
  • Oct 2, 2011 11:03am Oct 2, 2011 11:03am
Quoting acetrader
forexhard,

After reading this post, I have just got to express my views for what they are worth.

Your method is sound & I understood it from day one, & I have traded it on a live account since I started reviewing its contents & I can trade it with NO problem. The box method is simple by desgin & has been traded
for more yrs than this thread has been alive. You don't even need the fancy bright colored indicator that one trader was kind enough to code, just box in the consolidation & you have it. Now, that is how I see it as a simpleton way of...
I agree --- box methods have been around for many many years. This isn't rocket science. The one thing i picked up from this system was visually isolating intraday consolidation zones. That helps with my manual trading. I don't use this particular specific method and I don't use the indicator.

I'm generally skeptical of any system where the OP doesn't use myfxbook or some similar system to show ongoing trades. I can post any chart after the fact and say I took the trade. I can also mock up results in any static report. But a trade reporting system like myfxbook is the honest way to report results imo.

And if the OP has an EA that he's using and not sharing then there's no way to duplicate or even approximate (or prove) his results. The fact that the OP has refused to share his indi settings per pair was also a red flag. There's always the guise that he doesn't want to spoon feed people. That's silly. If the system works post your exact settings and let other people confirm that those settings work.

Finally I have huge respect for Squaloo and Steve. The EA needed for even a "light" version of this system would not be that difficult to devlelop. I think there are other reasons for the OP not releasing the EA. Maybe a Pay for Something down the road? I don't know. I don't care.

That being said I think boxing off consolidation areas or at least visualizing consolidation areas can help in any type of trading approach. And the one thing I've always thought this method missed out on were the failed breakouts and retracements back across the box. Yes there are failed breakouts imo. They represent price testing a level, failing and seeing the money move the price in the opposite direction.

Good luck to all
  • #1,614
  • Oct 2, 2011 12:03pm Oct 2, 2011 12:03pm
Nubchai,

You have just accused me of being a liar and a potential scam artist. A neat trick that you can only get away with while posting anonymous messages on the web. You wouldn't dare say that to my face, I promise you.

If you had actually read the thread then you would have seen that I have posted many trades at all stages of development. I don't even know how many, I've lost count really it's been so many. The very first trade ever posted all the way back on page #1 was in fact a working live trade, which set the tone for many, many more since.

And then you would also need to explain all the trades that were posted by at least 20 traders who are following the system. Because unless I have been posting under 2 dozen different names in here, I am not the only person posting positive results based on Stairsteps. So by calling me a liar, you are calling all of those guys liars as well. I'm sure they're loving you for it right now.

If I feel like selling my EA then I will. I designed the algorithm from scratch and paid to have it coded, so I'll do with it as I please. You've got absolutely nothing to say about it. No one does. But as I've said before, it's not for sale and never will be. Squalou is working on his own version for this system, and this is the EA that will be publicly available once it is ready. But you would have to ask Squalou when that is. In the meantime, the thread will make do with his indicator.
To improve is to change. To perfect, is to change often.
  • #1,615
  • Edited 5:39pm Oct 2, 2011 1:09pm | Edited 5:39pm
Since Nubchai is questioning your integrity and the value of the Stairstep BO, just refund his purchase price he paid for it and let him move on to something different.

I see later that "JustSomeone" added his two cents again. Actually, it's not even worth two cents! Their posts reminds me of that old addage, "You can lead a horse to water but . . ." well in this case "You Can Lead A Trader to a winning system, but you can't make them a winner!"
  • #1,616
  • Oct 2, 2011 2:05pm Oct 2, 2011 2:05pm
Quoting forexhard
Nubchai,

You have just accused me of being a liar and a potential scam artist. A neat trick that you can only get away with while posting anonymous messages on the web. You wouldn't dare say that to my face, I promise you.

If you had actually read the thread then you would have seen that I have posted many trades at all stages of development. I don't even know how many, I've lost count really it's been so many. The very first trade ever posted all the way back on page #1 was in fact a working live trade, which set the tone for many, many more...
I don't really care what you think FH as I'm not using this method. My one take away was visualizing intraday consolidation zones by manually drawing the boxes from time to time. But I do think your unwillingness to share exact settings with the guys here who do use the indicator is just questionable. It means multiple people with the same settings can never confirm your own successful trades. There's always an excuse available when people aren't using the same set-up. And you've had some very simple and direct questions by this one other fellow that you choose to ignore and deflect by going on the attack.

As for the EA I think one value of any future EA produced by the talented Squaloo would be the ability to backtest the strategy. While forward testing is the true test, backtesting can give you a feel for how a strategy would have performed during previous market conditions. I don't think I would personally trade this method with an EA but that's just me.

Two dozen names? No I don't think it's that many.

Cheers.
  • #1,617
  • Oct 2, 2011 3:32pm Oct 2, 2011 3:32pm
"The fact that the OP has refused to share his indi settings per pair was also a red flag. There's always the guise that he doesn't want to spoon feed people. That's silly. If the system works post your exact settings and let other people confirm that those settings work."

Indeed

I challange FOrexHard to back up his 95% by showing a couple of screen shots that cover the last month, any pair you choose, and show anything even close to 90% winners. The proof is in the pudding. I can show many screens of 50% losers.

Let's see if FH...


Quoting nubchai
I agree --- box methods have been around for many many years. This isn't rocket science. The one thing i picked up from this system was visually isolating intraday consolidation zones. That helps with my manual trading. I don't use this particular specific method and I don't use the indicator.

I'm generally skeptical of any system where the OP doesn't use myfxbook or some similar system to show ongoing trades. I can post any chart after the fact and say I took the trade. I can also mock up results in any static report. But a trade reporting system...
  • #1,618
  • Oct 2, 2011 5:18pm Oct 2, 2011 5:18pm
It's really strange that someone who does not use this system and does not care about this system (so does not care about this thread)..But asking proof, etc from the OP ? ..For me this kind of post really useless & not giving any benefit to the member here ..Unless the Moderator is asking real proof from anybody who open a Thread about trading system ,Everybody is free to open thread & if someone like the thread they can join ..If they don't so don't join or posting useless messages..but that just my opinions..

Good Luck !!
  • #1,619
  • Oct 2, 2011 5:26pm Oct 2, 2011 5:26pm
Quote
I challange FOrexHard to back up his 95% by showing a couple of screen shots that cover the last month, any pair you choose, and show anything even close to 90% winners. The proof is in the pudding. I can show many screens of 50% losers.

Let's see if FH...
It's not even my thread and I'm tired of all the complaining and whining from those who think that forexhard's settings are the magic numbers everyone has to follow. I do not use his settings because I took the time to find out the settings that work best for me. And why do you people always feel he has to prove something to you, because he doesn't. This isn't a commercial thread for god's sake! All you are doing is adding worthless post after worthless post by arguing and complaining back and forth about trivial crap! If he does not want to post his settings here, it is his choice. If he does not want to release his EA (that he paid for himself) on the thread, it is his choice. Christ, I've had EA's made for some of my threads and all I end up hearing is "I want this added" or "It doesn't work the way I need it to". TOO BAD!!! It was MY thread and MY EA to design as I wish, get it. If you want an EA to do something different, you hire a coder and you change it to the way you want it.

The thread is here to give you a solid system that works and all he'd like you to do is to get you off your dead aXXes and do some work on your own because he's not going to hand it to you on a silver platter. So, if you don't like the way he runs his thread, LEAVE!!!!! If you think this is a scam or your skeptical, LEAVE!!!!!, if you are unable to make this work by trial and error and putting in the work to find your own settings, LEAVE!!!!!
  • #1,620
  • Oct 2, 2011 9:00pm Oct 2, 2011 9:00pm
Hi all,
well its been so sad reading all the negative posts about FH and his method!
I am an avid fan of this method and appreciate FH sharing with us.
I have been a Box trader for some three years now and have honed in several systems to scratch a profit!
This Method/Thread has totally opened my eyes to other dynamics existing in a realm which I thought I had the angles covered (you never stop learning!!), the Thread has made my personal trading far more profitable, I am considering things I never really looked at before.
Please open your eyes to what you are being shown, if you cannot make this work for you, at least leave and make it a pleasant environment for those of us who like being here and appreciate the thread!
If on the other hand you are looking for mere trade signals, there are plenty of them out there, so you do not have to THINK!
Thanks FH, Mer and Squalou for all they have provided in this thread and others, which I continue to benefit from.
The GBPCHF trade was held over the weekend, SL is at +28 and as I type the rest of my position is at over +120 pips.
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