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  • #569,541
  • Dec 3, 2011 10:41am Dec 3, 2011 10:41am
Quoting cloggie
OK, show me a single strategy published anywhere in the world with at least a 5 year trackrecord that is freely shared.

You are not going to find it. It is worth millions.


Go ahead, find us one. Matter of fact if you have one somewhere, I would happily pay 100k USD for it.
The reasons why you could safely post ur system (or train me ), if u wanted to, are these:

1. People have trouble following rules. Even if they make the initial plan for trading themselves, they still have trouble following it. Why? Stupidity, boredom, get rich quick mentality etc. Maybe the most important one here is the inability to take losses. I, myself have this. Im very angry at myself when taking a loss and my 1st instinct is to double my lots on the next trade. So far i have been able to control this, but i dont know for how much longer i will be.

2. If u post ur system, within a week, u will find a bunch of others who will try to 'improve' it. Why? Because they will never accept the fact that, in this life, theres actually some1 smarter than them. So more ppl that read ur thread will check out their charts and say, 'hey initial poster is stupid, this other thing works better instead' and in fact, after a while they will start to make losses and they will keep 'improving' on ur system until it eventually turns to something else entirely. And they'll keep improving that system until they go broke, after which they will abandon ur thread and things will go back to normal. How do i know this? I was an avid reader of the 'Trading Systems' here on FF!

As for ppl who take the other side of ur trades i wouldnt worry. There's always going to be some1 with a lot of money trading opposite of you. Always. Machines included, because machines are made by ppl and ppl make mistakes.
  • #569,542
  • Dec 3, 2011 10:43am Dec 3, 2011 10:43am
Quoting cloggie
One of my good mates went back to the dark side and got seeded with 30Mn+, he is now trading that while the frim is marketing that to open with 500Mn-1Bn next summer.

That is the kind of numbers a good strategy can attract in the City. You will not see any of them sharing it freely on FF.

Like I said in the post above, if you have one, I will happily pay 100k for it, I can turn that over in no time for a multiple of that.

Tellin everyone about me again eh C?
  • #569,543
  • Dec 3, 2011 11:47am Dec 3, 2011 11:47am
Quoting AaronWard
That you are not interested is clear. That it would make a shadow of difference if you published (or didn't) on an internet forum with or without kids is not.

I disagree that trading is not about collectively doing the same thing. Everytime you pile into a trend or a counter trend trade it is the fact that 51% (or whatever) is making the same decision as you are that makes you money. If not, the market will move against you and you will lose money.

BTW I didn't say that publishing your strategy is always a good idea. But if you are trading with...
Anyone remember Wayne Jackson?
  • #569,544
  • Dec 3, 2011 1:27pm Dec 3, 2011 1:27pm
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #569,545
  • Dec 3, 2011 2:07pm Dec 3, 2011 2:07pm
Quoting cloggie
If you had a strategy that worked, you wouldn't need to share it, you don't need peer review, you don't need to have someone look at it with fresh eyes.

If you have a strategy that works, you got 2 choices, you either trade it, or you walk into DB/UBS and get them to see 10-20Mn and trade it for them.

The last thing you are going to do is publish it on some anonymous internet forum and share it with mostly kids you have never met and never will.

The last thing I am interested in is creating a learning synergy, I am in it for the money. The more...
You judging everyone with what you would do yourself.

I have a method which works, had a few and I've shared them all, no reason not to, more people using it can only be a good thing although there will never be enough people to make any real difference.

Some people, ( me ) would like to help others make it and more importantly stop wasting there money giving it to the banks.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #569,546
  • Dec 3, 2011 2:16pm Dec 3, 2011 2:16pm
Quoting Alexone
2. If u post ur system, within a week, u will find a bunch of others who will try to 'improve' it. Why? Because they will never accept the fact that, in this life, theres actually some1 smarter than them. So more ppl that read ur thread will check out their charts and say, 'hey initial poster is stupid, this other thing works better instead' and in fact, after a while they will start to make losses and they will keep 'improving' on ur system until it eventually turns to something else entirely. And they'll keep improving that system until...
Very few people get it when I share a system, there to brain washed with the BS, candle sticks, Fib Lines, pivot points, RSI's and all the normal BS to make people waste there money, but hopefully some will, maybe even improve on it and share.

Your average person, has an average intelligence and an average intelligence is not enough to make it as a trader. Add in the lower the intelligence the smarter they think they are and the less they listen.

Human race really is dumb!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #569,547
  • Dec 3, 2011 2:23pm Dec 3, 2011 2:23pm
Quoting Turveyd
Very few people get it when I share a system, there to brain washed with the BS, candle sticks, Fib Lines, pivot points, RSI's and all the normal BS to make people waste there money, but hopefully some will, maybe even improve on it and share.

Your average person, has an average intelligence and an average intelligence is not enough to make it as a trader. Add in the lower the intelligence the smarter they think they are and the less they listen.

Human race really is dumb!!
And who are the ones that are usually kissing up to the "gurus"? Thats right. Usually the ones that got the most vouchers from these idiots here!

Disclaimer: There are exceptions to the rule, albeit very few.
  • #569,548
  • Dec 3, 2011 3:14pm Dec 3, 2011 3:14pm
Quoting SirMcPip
And who are the ones that are usually kissing up to the "gurus"? Thats right. Usually the ones that got the most vouchers from these idiots here!

Disclaimer: There are exceptions to the rule, albeit very few.

They kiss up to self proclaimed guru's cause they say things like, your on the right track, keep going, your doing well when really they haven't got a clue and there just enabling you to lose yet more money.


Very few!!

To all Newbie's off, as you can't tell who's good or bad don't listen to anyone, do it all on your own I did quickly and easily, then went onto forums had brain full of BS and took many years to reverse that sadly.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #569,549
  • Dec 3, 2011 4:10pm Dec 3, 2011 4:10pm
All of it works and none of it works, it all depends on who is looking. Opinions are as diverse as the amount of people on this forum. Making big statements like "candles do not work" is ignorant. If they do not work for you, fine, but not everyone feels that way.

Quoting Turveyd
Very few people get it when I share a system, there to brain washed with the BS, candle sticks, Fib Lines, pivot points, RSI's and all the normal BS to make people waste there money, but hopefully some will, maybe even improve on it and share.

Your average person, has an average intelligence and an average intelligence is not enough to make it as a trader. Add in the lower the intelligence the smarter they think they are and the less they listen.

Human race really is dumb!!
  • #569,550
  • Dec 3, 2011 4:12pm Dec 3, 2011 4:12pm
Quoting samdani786
Funny how two people's charts can vary so much. I am seeing a bear flag unfold.
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  • #569,551
  • Edited 4:50pm Dec 3, 2011 4:31pm | Edited 4:50pm
Quoting Tyoon
Funny how two people's charts can vary so much. I am seeing a bear flag unfold.
Alternative techie view. I see a bear pennant if not a flag waving.
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  • #569,552
  • Edited 9:01pm Dec 3, 2011 4:50pm | Edited 9:01pm
I'll be honest, I don't know what retailers mean by "systems".

I have a trading "style", but no real "stystem". I look at basic support, resistance, demand and supply zones, fibs, and sometimes MACD/Stochastics. However, those are all basic things in my mind and nothing about trading them would fall under the scope of a proprietary system. It's no secret how to utilize them.

If anything I do would constitute a system, it would be money management. Once you learn how price action responds to the things I mentioned above, it's all about having discipline, patience, money management and risk management skills. I don't think you need set rules for these things... I surely don't. However, I do have loose rules such as: never risk more than you're attempting to make, never trade more volume than X number of lots per X amount of capital, etc. These are no-brainer rules that keep a trader from "tilting", but they are not a "system".

To me, systems are really automated or largely automated strategies. Perhaps some traders have these. I remember the Auslanco thread back in its hey-day and it, in my mind, was a rigid, legitimate system. From what I recall, it seemed to work for those that mastered it (I never attempted to). Why he decided to share it is beyond me. But his disappearance from the thread and FF all-together could be exactly the reason Cloggie has been outlining: the system's 'edge' disintegrated, or he realized it was starting to and decided to keep quiet about it. Who knows.

I spent a year and a half trading for a HFT shop (www.allstontrading.com) in Chicago. They TRULY have what I feel define "systems" and "strategies". They are 90% automated with traders simply tweaking settings to adhere to market conditions. I feel that it's strategies like this you would keep quiet about... we made millions of dollars a day as risk free as you could get (they touted it as virtually risk free).

But to reiterate. To me, the best system is money management, discipline, and patience. Layer thousands of hours of screen time on that to truly understand how the market operates and get a true feel for price action, and you've got the only system you really need.
check out my blog: forexmademillionaire dot com
  • #569,553
  • Dec 3, 2011 5:16pm Dec 3, 2011 5:16pm
Quoting Geppy
I have a trading "style", but no real "stystem".
Quoting Geppy
If anything I do would constitute a system, it would be money management. Once you learn how price action responds to the things I mentioned about, it's all about having discipline, patience, money management and risk management skills.


Quoting Geppy
I remember the Auslanco thread back in its hey-day and it, in my mind, was a rigid, legitimate system.
good ol' days, eh?
  • #569,554
  • Dec 3, 2011 6:17pm Dec 3, 2011 6:17pm
Quoting Razorman
All of it works and none of it works, it all depends on who is looking. Opinions are as diverse as the amount of people on this forum. Making big statements like "candles do not work" is ignorant. If they do not work for you, fine, but not everyone feels that way.
No that's you thinking, it all works, it really works your just to stupid to know how to use it, but your not profitable, but your using it, but obviously you just think it's you, cause it works occasionally and the rest of the time it's your fault, so you'll keep going for ever ever ever ever without ever becoming profitable relying on all this crud, it's a scam to take your money, teach you crud so you lose and the banks swallow up your money.

Candle reading is 1 of the biggest myths ever.

Mathamatically using statistics does not work, can not work, will never work I'm talking here.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #569,555
  • Dec 3, 2011 6:29pm Dec 3, 2011 6:29pm
Quoting Turveyd
No that's you thinking, it all works, it really works your just to stupid to know how to use it, but your not profitable, but your using it, but obviously you just think it's you, cause it works occasionally and the rest of the time it's your fault, so you'll keep going for ever ever ever ever without ever becoming profitable relying on all this crud, it's a scam to take your money, teach you crud so you lose and the banks swallow up your money.

Candle reading is 1 of the biggest myths ever.

Mathamatically using statistics does...
why?
  • #569,556
  • Dec 3, 2011 6:39pm Dec 3, 2011 6:39pm
Quoting Geppy
I'll be honest, I don't know what retailers mean by "systems".

I have a trading "style", but no real "stystem". I look at basic support, resistance, demand and supply zones, fibs, and sometimes MACD/Stochastics. However, those are all basic things in my mind and nothing about trading them would fall under the scope of a proprietary system. It's no secret how to utilize them.

If anything I do would constitute a system, it would be money management. Once you learn how price action responds to the things I mentioned about, it's all...
I have the same opinion, only often I do use the "Auslanco" system tweaked to my own liking. In every chart I post you'll see the GannHilo and QQE / Momentum as he used them in his system. My entries and exits are different, more aligned with support and resistance levels but it works for me. Like you said MM, patience, discipline and screen time are most important.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #569,557
  • Dec 3, 2011 7:07pm Dec 3, 2011 7:07pm
Quoting pkimnyc
why?
There is stastically, ZERO predictive value in them, they are randomly formed due to the arbitrary nature of time, nothing more, completely meaningless.

All of it is much the same Fib's, Pivot points.

S/R on Fores is also a waste of time, trade stocks if your a S/R trader.

Longer term H4 or D1 is meaningless as Forex is to news reactive, yet again go D1 and Stocks if you trade like that.

Trend and Range is about all you've actually got going for you and the time when to enter with a move or reverse a move.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #569,558
  • Dec 3, 2011 7:20pm Dec 3, 2011 7:20pm
Quoting Turveyd
There is stastically, ZERO predictive value in them, they are randomly formed due to the arbitrary nature of time, nothing more, completely meaningless.

All of it is much the same Fib's, Pivot points.

S/R on Fores is also a waste of time, trade stocks if your a S/R trader.

Longer term H4 or D1 is meaningless as Forex is to news reactive, yet again go D1 and Stocks if you trade like that.

Trend and Range is about all you've actually got going for you and the time when to enter with a move or reverse a move.
i'll have to disagree with you 100%. you seem to have your method established successfully. not going to argue about that, but others using candles and s/r also have done their job as well.

cheers.
  • #569,559
  • Dec 3, 2011 7:33pm Dec 3, 2011 7:33pm
Quoting Turveyd
There is stastically, ZERO predictive value in them, they are randomly formed due to the arbitrary nature of time, nothing more, completely meaningless.

All of it is much the same Fib's, Pivot points.

S/R on Fores is also a waste of time, trade stocks if your a S/R trader.

Longer term H4 or D1 is meaningless as Forex is to news reactive, yet again go D1 and Stocks if you trade like that.

Trend and Range is about all you've actually got going for you and the time when to enter with a move or reverse a move.
candles give entry value, not predictive value.
  • #569,560
  • Dec 3, 2011 7:59pm Dec 3, 2011 7:59pm
Quoting Turveyd
S/R on Fores is also a waste of time, trade stocks if your a S/R trader.

Longer term H4 or D1 is meaningless as Forex is to news reactive
take a look at daily naked chart. if that is meaningless then i don't know what isn't...
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