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The life of a trading system on Forex Factory

  • #801
  • Apr 19, 2012 8:39am Apr 19, 2012 8:39am
Quoting Turveyd
I'd like to remind you, you only have his word for all of the above, which on the internet isn't even worth the paper it isn't actually written on.

I've looked at his method, I really don't see much of use in it definately not 1 that'll get close to 19winners in a row, most is based on popular BS which others like and try to use and fail ofcourse cause it's BS, but it's how the scammers work don't try to change anything just claim you've perfected what there trying to perfect that way your not saying they are wrong and hey 60MM can you please...
Life is about calculated risks and careful due diligence. People that cannot work out the good from the bad should go to work flipping burgers. Negativity doesn't help anyone at all.

The BS you mention is the stuff spouted on forums like this from people that cannot think for themselves. Carry on.
  • #802
  • Apr 19, 2012 8:41am Apr 19, 2012 8:41am
Quoting jag1966

His method is based on 20 years or so of data and it works. All he is doing now is training himself to follow his own rules, it is all about discipline and patience now.

If things change in the future (which I very much doubt they will) 60MM will be incredibly well placed to adjust his method accordingly.

He will be here in 12 months and many years to come, think about it carefully.
Oh, you again.....

It's not necessarily the strategy, it's the trader. The post I was referring to was about a 10% return so far this week, and my comment was 'do it for 12 months......then maybe you'll have something to shout about'.

Longevity and sustainability, 'think about it carefully'.
  • #803
  • Apr 19, 2012 8:48am Apr 19, 2012 8:48am
Quoting Turveyd

I've looked at his method, I really don't see much of use in it
It's a perfectly workable straightforward strategy and analysis, what do you dislike about it? Not complex enough for you?
  • #804
  • Apr 19, 2012 8:51am Apr 19, 2012 8:51am
Quoting jag1966
Life is about calculated risks and careful due diligence. People that cannot work out the good from the bad should go to work flipping burgers. Negativity doesn't help anyone at all.

The BS you mention is the stuff spouted on forums like this from people that cannot think for themselves. Carry on.

Not being negative about trading, yes it's hard, I'm negative about the BS and bogus methods and systems with zero merit, they stop people from learning and actually getting anywhere, most of the popular you must trade like are actually very bad and if you stick to them you've got no chance, that's why they created them ofcourse.

My track record and spotting and calling scammers including Jacko kinda stick up for the fact that i'm good at spotting bad or something similar.

But try to replicate his method, which he openly agrees to is mainly discretionary so without that which you can't learn you'll likely fail, then convinced on his abilitys cash out your retirement plan and give it to him.

If people want to lose there money trading, or go the quicker route and give it to someone else it does save a lot of hard work and effort then fair enough.

p.s. all donations gratefully taken and I promise every penny of your money will be wisely invested and looked after, by the hookers I'll be giving it to
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #805
  • Apr 19, 2012 8:56am Apr 19, 2012 8:56am
Quoting jag1966

Life is about calculated risks and careful due diligence. People that cannot work out the good from the bad should go to work flipping burgers.
And therein lies the problem, most novices by definition don't have the knowledge or experience to work out the good from the bad and are easily taken in by plausible sounding people like Jacko et al.
  • #806
  • Apr 19, 2012 8:59am Apr 19, 2012 8:59am
Quoting pipmutt
It's a perfectly workable straightforward strategy and analysis, what do you dislike about it? Not complex enough for you?

It has basic trend following rules, which help keep you on the straight and narrow, likely to simple but I like simple.

Then it's prediction based, based on H4 candles, 4hours is a long time, there aren't many 4hour slots where there isn't news and news makes it into a 50/50 game. And mainly Prediction is impossible.

Without discretion I'd rate it as 53% win rate, so not much better than coin flipping.

So to be getting the alledged strings of winners he's getting, he's got to be very good discretionary wise or he's a faker.

Complicated doesn't work, it just confuses nothing wrong with simple.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #807
  • Apr 19, 2012 9:08am Apr 19, 2012 9:08am
Quoting Turveyd

So to be getting the alledged strings of winners he's getting, he's got to be very good discretionary wise or he's a faker.
I think he posts live trades doesn't he, before the move.

Quoting Turveyd

nothing wrong with simple.
I agree, the simpler the better suits me just fine!
  • #808
  • Apr 19, 2012 9:19am Apr 19, 2012 9:19am
Quoting Turveyd
Not being negative about trading, yes it's hard, I'm negative about the BS and bogus methods and systems with zero merit, they stop people from learning and actually getting anywhere, most of the popular you must trade like are actually very bad and if you stick to them you've got no chance, that's why they created them ofcourse.

My track record and spotting and calling scammers including Jacko kinda stick up for the fact that i'm good at spotting bad or something similar.

But try to replicate his method, which he openly agrees to is...
I guess if you call everyone a scammer you will get it right some of the time, well done.
  • #809
  • Apr 19, 2012 9:26am Apr 19, 2012 9:26am
Quoting jag1966

I guess if you call everyone a scammer you will get it right some of the time, well done.
The probability of a good hit rate is extremely high, most of the people touting signals/systems/mentorship for sale around trading forums are scammers! If these people were experienced traders they would know that the failure stats among followers won't significantly change, most of them will still lose regardless.
  • #810
  • Apr 19, 2012 9:50am Apr 19, 2012 9:50am
Quoting pipmutt
The probability of a good hit rate is extremely high, most of the people touting signals/systems/mentorship for sale around trading forums are scammers! If these people were experienced traders they would know that the failure stats among followers won't significantly change, most of them will still lose regardless.
Point taken but the finger was pointed at 60mm and anyone with half a brain can see the method stacks up and the guy is even saying go to another website to learn. Admittedly he could be a shill for them but if you have half a clue about trading SR and trends you would know that his thread is good.
  • #811
  • Apr 19, 2012 9:59am Apr 19, 2012 9:59am
Quoting jag1966

.....if you have half a clue about trading SR and trends you would know that his thread is good.
I agree, as I say it's a perfectly workable straightforward strategy and analysis in my opinion. I wonder if, like some other threads, it will get polluted with 'improvements' until it ends up beyond all recognition of the original!
  • #812
  • Apr 19, 2012 10:02am Apr 19, 2012 10:02am
Quoting jag1966
I guess if you call everyone a scammer you will get it right some of the time, well done.
Everyone i was 100% about being a scammer has been outted as a scammer i have not called anyone else a scammer.


Good try though
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #813
  • Apr 19, 2012 10:09am Apr 19, 2012 10:09am
Quoting Turveyd

Everyone i was 100% about being a scammer has been outted as a scammer i have not called anyone else a scammer.
Apart from Jacko (who was a slam dunk right from the off), who else have you 'outted'?
  • #814
  • Apr 19, 2012 10:46am Apr 19, 2012 10:46am
Quoting pipmutt
I agree, as I say it's a perfectly workable straightforward strategy and analysis in my opinion. I wonder if, like some other threads, it will get polluted with 'improvements' until it ends up beyond all recognition of the original!
I think it is inevitable that the thread will descend into that, its just going to happen, and thats why I have set up the skype group, that way I can vet people before I invite them in.

All of the important information is on the first page, enough for people to take some ideas and perhaps make something that works for them...

I guess that is the best we can expect from a trading strategy thread...
tradewith60
  • #815
  • Apr 19, 2012 10:53am Apr 19, 2012 10:53am
Quoting 60minuteman
I think it is inevitable that the thread will descend into that, its just going to happen, and thats why I have set up the skype group, that way I can vet people before I invite them in.

All of the important information is on the first page, enough for people to take some ideas and perhaps make something that works for them...

I guess that is the best we can expect from a trading strategy thread...
Skype group to get away from the negativity lol

Then to prove there serious a small monthly charge say $400 cause if they cant afford that they shouldnt be trading.


Seen it all before a 100 times.


CONFIRMED!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #816
  • Apr 19, 2012 11:05am Apr 19, 2012 11:05am
Quoting pipmutt
Apart from Jacko (who was a slam dunk right from the off), who else have you 'outted'?
I honestly cant remember just an old age and to many years thing.


Chased a few obvious scammers away more recently to.


Got to hate scammers!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #817
  • Apr 19, 2012 11:06am Apr 19, 2012 11:06am
Quoting Turveyd
Skype group to get away from the negativity lol

Then to prove there serious a small monthly charge say $400 cause if they cant afford that they shouldnt be trading.


Seen it all before a 100 times.


CONFIRMED!

  • #818
  • Apr 19, 2012 11:29am Apr 19, 2012 11:29am
Quoting Turveyd
Skype group to get away from the negativity lol

Then to prove there serious a small monthly charge say $400 cause if they cant afford that they shouldnt be trading.


Seen it all before a 100 times.


CONFIRMED!
its a public room, they can come add go as they please, nobody gets charged anything, its just an environment where they can discuss a strategy without people trying to de-rail the process all the time
tradewith60
  • #819
  • Apr 19, 2012 11:31am Apr 19, 2012 11:31am
Eventually we all arrive at the same point and realise that to trade succesfully we will try other traders strategies, methods, experimenting with indicators etc and so on, until we find that really we take all of the successful components we have learned and put them together to create our own trading method written in a trade plan which matches our trade personality. We become consistently profitable and disciplined to stick to our written trade plan rules, being patient enough to sit on our hands when needed and take only the highest probability trades using simple trading techniques.

Oh and about 10,000 hours screen time at least with just a few pairs

I also do literally sit on my hands, it works
Tracking the Specialists.
  • #820
  • Apr 19, 2012 11:33am Apr 19, 2012 11:33am
Quoting jag1966


Your the same person arent you why else such devoted faith towards him in a very short period of time. Its more than just desperation i fear!

60MM post your trades on here live if you cant then your faker and only reason is cant wants to scam but cant do that eithet.

Id bet we've locked horns before and will again.


Sadly for every scammer i expose there is likely 20 more, its not hard to find them
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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