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  • #121
  • Mar 19, 2012 12:52pm Mar 19, 2012 12:52pm
Ok, i've bucked the trend then, closed my thread, rules unchanged, no elaborate claims of making millions, and everyone positive and no hate mob...

it was actually right what Billbliss said, if it really is a strategy worth learning then it should be done in a few pages...
tradewith60
  • #122
  • Mar 19, 2012 1:18pm Mar 19, 2012 1:18pm
Quoting LazyPawn
It was not my intention to open Pandora's box. I was just hoping to make people smile when they recognize some of those patterns. But a mixture of inflated egos, lack of trading experience and a bit of paranoia lead to some weird posts coming from people who imagine that they or their favorite system are the real target.
Well, you did make alot of us smile so thx for opening this thread.

On the other hand dont worry about idiots with inflated ego and no skills like forexhard who get insulted like little baby over your words. The truth hurts. Anyone who takes it personally here is simply put a loser.
  • #123
  • Edited 4:42pm Mar 19, 2012 4:25pm | Edited 4:42pm
The James16 thread has stood the test of time, and without any real modifications. Admittedly it's not a mechanical system; rather it's more of a way of 'reading' the market. Perhaps therein lies a clue.

Even more significantly, the thread continues to blossom in the commercial section, and currently has an average vote of 4.02 out of a possible 5 stars. That's an amazing performance, considering the number of trolls, parasites and saboteurs that visit FF, especially the commercial forums.

Jim, take a bow.

Some nice posts in this thread, IMO. LazyPawn, HiddenGap and dgcinc in particular. Also forexhard's comment that "The biggest reason why systems change personality to such a wide degree over time, is that they weren't really systems to begin with." Very few people understand the nature of statistical fluctuation. It cuts both ways; for a long time, I didn't, and it sent me system shopping on a futile search for the holy grail.

I've toyed with the idea of starting a thread about what I see as the three main pillars of a profitable forex trading methodology. Not that they are a revolutionary secret; in fact they've all been discussed here many times before, and are evident in threads like DIBS, deadly accuracy, millipede, VSA, no-brainer trades and money flows. What is even better is that all of these concepts are mutually complementary, hence they can be grafted into a very robust discretionary approach. But, unlike forexhard (and others), I'm not willing to risk taking a public bashing, so I'll simply post those links and leave it there.
  • #124
  • Edited 5:28pm Mar 19, 2012 5:10pm | Edited 5:28pm
Quoting hanover
The James16 thread has stood the test of time, and without any real modifications. Admittedly it's not a mechanical system; rather it's more of a way of 'reading' the market. Perhaps therein lies a clue.

Even more significantly, the thread continues to blossom in the commercial section, and currently has an average vote of 4.02 out of a possible 5 stars. That's an amazing performance, considering the number of trolls, parasites and saboteurs that visit FF, especially the commercial...
onlydragon has some very valid points.

if we are going to have a love-fest and spam shit in this thread which is not OT, why not pick DarkStar who (unlike some) doesn't suckle on the credit cards of his subscribers each month and makes his money with his own money and knows his shit better than most?

absurd post.

it's right about now that i see a few wannabe's trying to start-up their own sites hoping to milk a few dollars from fools. let's salute those wannabe's as they embark on their journey of sucking-in the noobs. job well done!

edit : oh, and forexhard... good effort on trying to subtly spam your thread here you forextard spamtastic knob. *golf clap*
Congratulations ScalaFX for coming out of the closet!
  • #125
  • Mar 19, 2012 5:59pm Mar 19, 2012 5:59pm
Quoting hanover
I've toyed with the idea of starting a thread about what I see as the three main pillars of a profitable forex trading methodology. Not that they are a revolutionary secret; in fact they've all been discussed here many times before, and are evident in threads like DIBS, deadly accuracy, millipede ...
No comments regarding James16 thread. I don't see it as a true trading system. To me it looks like a more advanced Babypips school.

However I sincerely hope that you change your mind regarding your own system. Of all the people on FF you are the one that made most sense to me (and I think I read everything you ever posted). It's uncanny how similar your conclusions are to mine on a wide variety of topics (such as technical systems, MM, martingale, common misconceptions etc.). At some point you had lost your faith in any kind of indicator or system, or at least you said that you hadn't found anything working above chance. Did that change?

Anyway ... if you start a trading system thread I promise that I will edit my first post and add "except hanover's thread".
  • #126
  • Mar 19, 2012 9:20pm Mar 19, 2012 9:20pm
The judgement that you high-nosed people did over Forexhard is wrong.

His BO thread was one of the finest threads I have ever read, and I too feel it gave me and those noobs interested more than just another vulnerable mechanic system. I see this specific pattern work out every single day, its just to be found in a timeframe most people ignore.

Also, combining very small and very big timeframes, I know traders who fabricate trades of a R R ratio that makes it absolutely impossible NOT to make 70% a month. Id really love to know what style and concrete account growth some of the veterans (number of posting wise) here on this board, have to live with.

People, stop wearing your noses so high and concentrate on maximizing not only profit but also knowledge on here, make peace instead of bad laughter.

Success and insight evryone
  • #127
  • Edited 2:34am Mar 20, 2012 12:35am | Edited 2:34am
Quoting LazyPawn
No comments regarding James16 thread. I don't see it as a true trading system. To me it looks like a more advanced Babypips school.

However I sincerely hope that you change your mind regarding your own system. Of all the people on FF you are the one that made most sense to me (and I think I read everything you ever posted). It's uncanny how similar your conclusions are to mine on a wide variety of topics (such as technical systems, MM, martingale, common misconceptions etc.). At some point you had lost your faith in any kind of indicator or system,...
Lazy,

I haven't looked at babypips for a long time. Agree that Jim doesn't offer a mechanical "system" as such. Unlike Jim, I don't think babypips offers private mentorship.

It's always reassuring to know that there are others who see things similarly to the way that one sees things oneself.

Post #124 is a great example of the reason why I'm reluctant to contribute further on either the trading or programming forums.

David

Quoting nubcake
onlydragon has some very valid points.
Oh dear.

Well OK, let's try to find something we can agree on: Darkstar is extremely knowledgeable. I've purchased his book (the first five words on p 142 are "price will do just that").

But 'orderflow' can be used to explain the validity of S/R, thus vindicating an important ingredient in J16's approach........
  • #128
  • Mar 20, 2012 12:39am Mar 20, 2012 12:39am
Quoting bluesteele
"Experience" tells me anyone who says they are making their customers 75% a onth is full of sh!!te"
"Experience tells me that a seasoned pro trader doesnt trade primarily with MT4 brokers beacuse of their low spreads..LOL "
"Experience tells me he is flooded with PMs and Emails with dumb asses wanting him to trade their money"
"Experience tells me a seasoned pro trader does not recovery(martingale) trade"
"Experience tells me a seasoned pro trader does not do anything that is going on in that thread buy the OP"
And lastly where does LAzypawn...
Well if you had followed closely the Extreme TMA System thread and saw the debacle, you would understand why this thread was opened especially to ridicule Alorente. The various "references" (e.g. 1000pips per week, 70% for friends, repainting indicators, changing rules) made by the OP was directed at the Extreme TMA System thread and it's so obvious to all who followed him here, the seeds of discord originated there by same OP. But as everyone agreed, the characteristics he prescribed apply to all hot threads that it is entertaining to watch all the similarities with other ego threads.
Quoting LazyPawn
You are perfectly right. I know very well what you're talking about. It works even better when the rules are not very clear, when there is a lot of discretion, or when it's using repainting indicators (so people get fooled by what they see in the past).
But there's a different angle to it as well. If someone is claiming to make at least 1000 pips each week and growing their friends' accounts by 70% each and every month ... and that doesn't raise your eyebrow ... then you deserve to lose money. Or as they say:
[b]When a person with money meets...
No longer trading forex. Looking for full time job.
  • #129
  • Mar 20, 2012 3:47am Mar 20, 2012 3:47am
LazyPawn,

Don't take the statement about Pandora's Box seriously as it is just a figure of speech, but this topic surely has some people wondering is it me that is being discussed. You know how that goes. Anyway your title is very thought provoking & absolutely eye opening. I have several time followed the same path as you state in the thread & have seen the same results time & again without fail. Anyway you are spot on with your observations. If we would be honest, we have all been down this same path.

Thanks for starting this thread & best of trades to you.

___________________________________
  • #130
  • Mar 20, 2012 3:49am Mar 20, 2012 3:49am
LazyPawn,

I agree 100%. Hanover is spot on my friend.
  • #131
  • Mar 20, 2012 4:11am Mar 20, 2012 4:11am
Quoting mmaker
this thread was opened especially to ridicule Alorente. The various "references" (e.g. 1000pips per week, 70% for friends, repainting indicators, changing rules) made by the OP was directed at the Extreme TMA System thread and it's so obvious to all who followed him here,
Perhaps you can copy and paste exactly where in post ANY of these claims were made in the original post. I suggest you focus on trading....it might offset some of your paranoia
Doing what you like is Freedom. Liking what you do is Happiness.
  • #132
  • Edited 6:28am Mar 20, 2012 5:17am | Edited 6:28am
Guys, you are both right and wrong.

I wrote a draft of the initial post almost a year ago, long before the TMA system started. Then for a while I completely forgot about it. So it's definitely not something aimed at that thread.

As the discussion progressed here I did give some examples from that particular thread, only because they were fresh and good to prove my general point. Nothing more than that. I swear I have nothing against its OP or any of his followers. On the contrary, I hope it lasts long because it has great entertainment value.
  • #133
  • Mar 20, 2012 7:04am Mar 20, 2012 7:04am
Quoting hanover
Post #124 is a great example of the reason why I'm reluctant to contribute further on either the trading or programming forums.
boo.... hoo...

Quote
the first five words on p 142 are "price will do just that").
i already knew you had the book. never asked, or wanted, proof either way.

Quote
But 'orderflow' can be used to explain the validity of S/R, thus vindicating an important ingredient in J16's approach........
bit of a stretch there. rain vindicates that water is wet. understanding market mechanics 101 explains s/r. all i could ever find from j16 was a demand for trading slow timeframes and looking for pinbars, and very little on why it supposedly works or should work into the future.... i would certainly hope that more actual trading 'education' has been added since i last saw, instead of just pushing for newbies to slow-play their trading.

bottom line is that darkstar has posted on here more factual information in just about any one post of his than i have read of j16 in total. darkstar's level of knowledge should be the norm around this joint, not the exception! if it wasn't for some of the other j16 members then i'd flat-out call the j16 group a sweet con, but jim's fortunate that he has friends who do provide some things of actual value. there's certainly potential for one or more of the inner circle to start their own 'thing', if they haven't already done so.

how sweet it must be to sit back and tell everyone to basically not trade until 'the time is right' all the while deducting fees each month while everyone keeps waiting for these so-called a+ trades? for the one getting the fees jim provides the least value of the whole situation. he better be splitting his fees with his inner-circle since they are the ones who seem to provide any actual value.

whatever jim's intentions, good or bad, i find it amusing that people laud over him the way you just did. very misplaced.

so, that's my bran muffin for the day. i'm not saying anything further on the topic since i'm clearly just a so-called 'thread destroyer' out to ruin everyone and everything. hilarious. maybe i just don't swallow shit like it is gravy, say thanks, and then ask for more.

idgaf.

Quoting LazyPawn
Guys, you are both right and wrong.

I wrote a draft of the initial post almost a year ago, long before the TMA system started. Then for a while I completely forgot about it. So it's definitely not something aimed at that thread.

As the discussion progressed here I did give some examples from that particular thread, only because they were fresh and good to prove my general point. Nothing more than that. I swear I have nothing against its OP or any of his followers. On the contrary, I hope it lasts long because it has great entertainment value.
why let the truth ruin a good story? it is much more scandalous and exciting for people to think you are secretly bringing down 'the man'.
Congratulations ScalaFX for coming out of the closet!
  • #134
  • Mar 20, 2012 7:22am Mar 20, 2012 7:22am
Quoting nubcake
...and very little on why it supposedly works or should work into the future....
And that right there is the sum of this whole thread and system threads.

/thread finished.
  • #135
  • Mar 20, 2012 7:42am Mar 20, 2012 7:42am
hey guys, i just found the perfect trending indicator!
  • #136
  • Mar 20, 2012 7:46am Mar 20, 2012 7:46am
Quoting flyingiguana
hey guys, i just found the perfect trending indicator!
is there an EA for it? can we add some filters?
Congratulations ScalaFX for coming out of the closet!
  • #137
  • Mar 20, 2012 7:51am Mar 20, 2012 7:51am
Quoting nubcake
is there an EA for it? can we add some filters?

sure is, but it doesn't work during a full moon. so make sure it's not running
  • #138
  • Mar 20, 2012 8:11am Mar 20, 2012 8:11am
Quoting flyingiguana
sure is, but it doesn't work during a full moon. so make sure it's not running
Which timeframe should we check to see if there's a full moon? Or is full moon MTF?
Even if you fall on your face, you're still moving forward.
  • #139
  • Mar 20, 2012 10:37am Mar 20, 2012 10:37am
Quoting realjumper
Perhaps you can copy and paste exactly where in post ANY of these claims were made in the original post. I suggest you focus on trading....it might offset some of your paranoia
I had a few minutes to spare so did a quick search on the thread for you about the 1000 pips a week.

http://www.forexfactory.com/showthre...00#post5427771
Quoting Alorente
I average around 200 pips a day
http://www.forexfactory.com/showthre...00#post5434965
Quoting Alorente
I won´t turn my back on 100% success just to try something new.
http://www.forexfactory.com/showthre...00#post5432173
Quoting Alorente
100% success using these rules. I also have 12 winners in a row with this method in M1.
http://www.forexfactory.com/showthre...rs#post5437155
Quoting Alorente
Even though the system was indicating to us that a long trade in EurUsd was feasible, there were several other factors that made me refrain from doing so. I will be discussing these "many" other tricks of the trade that I use to make my trading decisions
If you're actually making money trading this system, more power to you. Personally, I don't care if the thread is a scam or not.

My only point in posting is this.

In this business, statistical probabilities are central to our success. When testing any system, you need to apply a straight probability formula, Beysian theorem, whatever your preference, to arrive at the proper risk model. The baseline average win ratio is typically 41%, not an assumed 50%. Even the best trading system or best trader in the world won't consistently hit 60%. (do you have any idea how much of an edge that is?)

The last quote posted here basically nullifies the premise that the OP is purely trading a mechanical system, so if people are showing up expecting to replicate his 100% success rate using the system, it doesn't make a whole lot of sense.

H.L. Mencken once said, "Men fall in love in lighting they'd never buy a suit in"

The forums are an interesting study in human behavior and are a lesson why so many people lose. If people can't even do the most basic calculation to know when someone is claiming something impossible, then their personal R:R must be up shit's creek.
  • #140
  • Mar 20, 2012 11:50am Mar 20, 2012 11:50am
Quoting Fudomyo
I had a few minutes to spare so did a quick search on the thread for you about the 1000 pips a week.

http://www.forexfactory.com/showthre...00#post5427771


http://www.forexfactory.com/showthre...00#post5434965


http://www.forexfactory.com/showthre...00#post5432173


http://www.forexfactory.com/showthre...rs#post5437155


If you're actually making money trading this system, more power to you. Personally,...
Fantastic post bro!
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