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Trend Trading All Pairs

  • #10,701
  • May 8, 2012 9:26am May 8, 2012 9:26am
Hi NightMoves
How do i open this windows ?
Is that screen of web page or mt4 ?
Thanks for your help.

Quoting NightMoves
Mig is the only one I have seen that will run my dash board and fill up the CDR and ADR columns.

--NM
  • #10,702
  • May 16, 2012 2:15am May 16, 2012 2:15am
Hector Tradinng system in all it's glory !!!
Setup and Trigger charts for the day. USD RULES THE MARKETS TODAY !!!
Anyone else seeing what I'm seeing ?
  • #10,703
  • May 16, 2012 2:18am May 16, 2012 2:18am
Setup and triggers on the JPY and USD pairs I'm in.
Trendscan from earlier in the day included.
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  • #10,704
  • May 16, 2012 2:33am May 16, 2012 2:33am
Quoting shomari
Hector Tradinng system in all it's glory !!!
Setup and Trigger charts for the day. USD RULES THE MARKETS TODAY !!!
Anyone else seeing what I'm seeing ?
why do you need a system when it's trending? just sell and sell all systems are working now that is trending....
  • #10,705
  • May 16, 2012 2:53am May 16, 2012 2:53am
Quoting migmac
why do you need a system when it's trending? just sell and sell all systems are working now that is trending....
No, all systems are not all "working". When do you enter / When do you exit ? when do you re-enter ? That's why you need a system. To have a basis for answering those importat questions.
You can't just throw your money out there. You don't know how long the trend will last, so you must always watch it and trade it accordingly. Moving in and out at tops and bottoms along the way.
This is a very useful thread and the onlyone I know that teaches the "Hector Trader" system, which is really just swing trading trending markets like the big banks and institutions. READ THIS THREAD FROM THE BEGINNING!! Your trading will never be the same again.
Trade Life !!
  • #10,706
  • May 16, 2012 1:43pm May 16, 2012 1:43pm
Hi shomari,

I did saw all the hector videos and I also have read part of this thread, my post was because of so many time dedicated to this system I found that it dosen't work most of the times, for example last month it was very bad for the hector trading style, because once you got the conditions to go in the trade, they immediatly will turn around.

So, at the end I did lean allot, but I ended up not being able to use his trading style, also because it takes so much time to make a scan to all pairs, check what timeframes to trade, etc... don't you agree?

are you trading hector method sucessfully?

What I was saying is that other trading methods I am currently using that you can find here at forexfactory, will get you in a trade faster with a higher profit

Maybe I will accept your suggestion and I will read all this thread, do you think you can time to post some examples of trades?

All the best,
  • #10,707
  • May 17, 2012 2:14am May 17, 2012 2:14am
Quoting migmac
Hi shomari,

What I was saying is that other trading methods I am currently using that you can find here at forexfactory, will get you in a trade faster with a higher profit

All the best,
could you please point me the method you're using? Thanks!
  • #10,708
  • May 17, 2012 4:00am May 17, 2012 4:00am
Quoting migmac
Hi shomari,

I did saw all the hector videos and I also have read part of this thread, my post was because of so many time dedicated to this system I found that it dosen't work most of the times, for example last month it was very bad for the hector trading style, because once you got the conditions to go in the trade, they immediatly will turn around.

So, at the end I did lean allot, but I ended up not being able to use his trading style, also because it takes so much time to make a scan to all pairs, check what timeframes to trade, etc... don't...
Hi migmac

I know a few cuurency traders, who work for institutions and they all tell me the same thing when I ask them to look at "Hector Trading" style. Hector isn't teaching you some "system". Systems don't work. The market isn't some computer where you press a button and it "works".
The forex market is 10,000's of people , banks, institutionsm and governments using it for their own purposes.
The ONLY way to "win" trading forex is to do what the big boys do. PERIOD !!
Well what do the big boys do? THEY SWING TRADE TRENDING MARKTS !!!
Guess what ? Hector teaches you to , SWING TRADE TRENDING MARKETS !!
REAL institutional traders swing trade. So if you want to "win", you must learn to swing trade. Type "swing trading" into google and you"ll see.
That's what Hector teaches you.
Of course, there's more too it.
For instance, your charting platform has to start it's day at 3pmEST, when Sydney opens, or else you don't see the same things as the big boys. MIG Bank starts there days at 3pmEST.
There's so much, but scanning takes all of 5minutes. WAY faster than looking for trends maually.
And finally, let me say, that every trader I know who works for a REPUTABE institution tells me the same thing....Bollinger bands, pivot points, scalping etc, are all BS, BULLSH#T. When you work for CITI, UBS, jp, their currency traders are taught to swing trade, and use 2, yes, only 2 indicators...RSI and MACD. The rest are just Fib retracements(to catch tops annd bottoms), Fib expansions (to take out money), and trendlines (to find the breakouts). All the rest is fantasy, and will lose you your money.
So I suggest to you, look up "Swing Trading" in Google, then get back to the Hector videos and learn how to trade like a pro.
  • #10,709
  • May 17, 2012 4:12am May 17, 2012 4:12am
Hey migmac (or anyone)

here's my contact info. I'm putting my live trades on Facebook now. So if you want to see the power of swing trading, "Hector Trading", (in other words, how to really trade the markets) check me out at:
Facebook: "Jvip Mia" or
Facebook: " Independent foreign exchange market analyst/trader"

My facebok email is: [email protected] or
[email protected]

I'll be posting periodical trendscans, Setup charts, Trigger charts, and entry-exit-stop levels, with results at the end f each wee, of course.
  • #10,710
  • May 17, 2012 4:17am May 17, 2012 4:17am
Quoting shomari
Hi migmac

I know a few cuurency traders, who work for institutions and they all tell me the same thing when I ask them to look at "Hector Trading" style. Hector isn't teaching you some "system". Systems don't work. The market isn't some computer where you press a button and it "works".
The forex market is 10,000's of people , banks, institutionsm and governments using it for their own purposes.
The ONLY way to "win" trading forex is to do what the big boys do. PERIOD !!
Well what do the big boys do? THEY SWING TRADE TRENDING...
who says that institutions win? Forget the banks, the real big boys are hedge funds.
There is a research paper "Higher Risk, Lower Returns: What Hedge Fund Investors Really Earn" by Ilia D. Dichev and Gwen Yu (Harvard Business School)" that suggests that the returns produced by hedge funds as an aggregate are worse than a buy and hold strategy of the S&P 500.
That is a very sobering statement (based on factual evidence). If you can't find a niche and do the research required, then you can't win in this game.
  • #10,711
  • May 17, 2012 4:33am May 17, 2012 4:33am
Quoting Custos
who says that institutions win? Forget that banks, the real big boys are hedge funds.
There is a research paper "Higher Risk, Lower Returns: What Hedge Fund Investors Really Earn" by Ilia D. Dichev and Gwen Yu (Harvard Business School)" that suggests that the returns produced by hedge funds as an aggregate are worse than a buy and hold strategy of the S&P 500.
That is a very sobering statement (based on factual evidence). If you can't find a niche and do the research required, then you can't win in this game.
Wow. The one and oly Custos.

I'v been reading this thread ever since I got my Hector Trader course (4-5years ago), and this thread, but specfically you and Nightmoves, have been a Godsend. I thought this thread was closed. I couldn't understand why all the "Hector Boys" left. Thank God it's still active.
I know you don't know me, but since I started reading this I've learned alot, met alot of REAL traders, and they all say that this thread is the only thing CLOSE to what they do every day at their trading desks in the real world.
TO ALL NEWBIES TO THIS THREAD: READ IT FROM THE BEGINNING, BACKTEST IT, THEN BUY THE HECTOR TRADER COURSE AND WORK THE MARKETS. I DID....NOW (almost) EVERY DAY IS CHRISTMAS !!

SWING TRADING TRENDING MARKETS.....

Thanks a million !!!!! (soon literally,lol)
  • #10,712
  • May 17, 2012 4:38am May 17, 2012 4:38am
Quoting shomari
Wow. The one and oly Custos.

I'v been reading this thread ever since I got my Hector Trader course (4-5years ago), and this thread, but specfically you and Nightmoves, have been a Godsend. I thought this thread was closed. I couldn't understand why all the "Hector Boys" left. Thank God it's still active.
I know you don't know me, but since I started reading this I've learned alot, met alot of REAL traders, and they all say that this thread is the only thing CLOSE to what they do every day at their trading desks in the real world.
TO...
well, I left, cause I completely automated my trading (based on some concepts in this thread, but the systems I use are still very different). Biggest advice I can give in the progress of a trader is to backtest everything up to at least a thousand trades. Sounds like a lot, but anything below that might just be a random "lucky" or "unlucky" streak. I actually backtest over a 100.000 trades until I am comfortable with a system.

That is the work that distinguishes yourself from all the losers out there. At least that is true for me.
  • #10,713
  • May 17, 2012 4:57am May 17, 2012 4:57am
Quoting Custos
well, I left, cause I completely automated my trading (based on some concepts in this thread, but the systems I use are still very different). Biggest advice I can give in the progress of a trader is to backtest everything up to at least a thousand trades. Sounds like a lot, but anything below that might just be a random "lucky" or "unlucky" streak. I actually backtest over a 100.000 trades until I am comfortable with a system.

That is the work that distinguishes yourself from all the losers out there. At least that is true for me.
Glad you're back !!! Stay this time !!
I totally agree, BACKTEST , BACKTEST, AND AGAIN...BACKTEST.
Backtesting is the only way you'll feel confident in your "system", "style", etc, is when you see it work over, and over, and over, and over (you get the point) again.
Custos. You in any trades tonight ? I'm trying to jump into a few JPY and USD pairs but they've given up so much over the past two weeks I'm scared of the BIG retracments.
Jumped into CJ, AJ, and GJ (actualy GJ from last week) but not going anywhere. I'm fearing a retrace in the daily timeframe. What do you think ?
I attached a few charts, but, I sur you see what I'm saying. Especially the NU reaching the 161 fib expansion off the daily.
Constructive criticism welcome.

Thanks
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  • #10,714
  • May 17, 2012 5:45am May 17, 2012 5:45am
Quoting shomari
Custos. You in any trades tonight ? I'm trying to jump into a few JPY and USD pairs but they've given up so much over the past two weeks I'm scared of the BIG retracments.
Jumped into CJ, AJ, and GJ (actualy GJ from last week) but not going anywhere. I'm fearing a retrace in the daily timeframe. What do you think ?
I attached a few charts, but, I sur you see what I'm saying. Especially the NU reaching the 161 fib expansion off the daily.
Constructive criticism welcome.

Thanks
Sorry, I am the wrong guy for this. I haven't looked at / analyzed a chart in a year. I view my job now as just backtesting ideas.
But what I am hearing in your post is uncertainty. Let me say this: the slightest bit of uncertainty will lead to a depleting account. Have a "holistic" approach that leaves out any uncertainty. You have to be confident in every single action you take and not be side-tracked by your emotions, other people's opinion or whatever. Trust that the research you did was correct and execute your plan without a second thought and without hesitation.
  • #10,715
  • May 17, 2012 9:37am May 17, 2012 9:37am
Custos
You were right. Stuck with my trades and they're paying off nicely. Glad I didn't let myself get scared by doubt and the ominous thought of the retracements.

Attached iswhere they're at now.
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  • #10,716
  • May 17, 2012 10:52am May 17, 2012 10:52am
Yeah, the trend is your friend , as they say. these are the other trades I'm in.
Took a loss on the CAD/CHF. Thought it would blast off but.....oh well. Overall, up for the week so far.
My EUR/USD is also not behaving, but I refuse to give it up (yet). Time will tell.
506 pips for the day (so far) it's now 11:49 EST
Trade Life !!
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  • #10,717
  • May 17, 2012 12:07pm May 17, 2012 12:07pm
Quoting shomari
Yeah, the trend is your friend , as they say. these are the other trades I'm in.
Took a loss on the CAD/CHF. Thought it would blast off but.....oh well. Overall, up for the week so far.
My EUR/USD is also not behaving, but I refuse to give it up (yet). Time will tell.
506 pips for the day (so far) it's now 11:49 EST
Trade Life !!
dangerous mindset, to compare each week. If you don't pay attention, you will go down the high win-loss ratio route that will ultimately deplete your account.
Let me give you a live example: I am up 100% this year since beginning of january. Where did the 100% come from? From the first two weeks of january, the rest of the year up till now it was a more or less zero-sum game. What does all this mean? If I compared each and every week I would soon not stick to my model anymore, but I know that I only win about 20% of the time and that most profits come just from 1 to 2 months in the whole year. That is what proper trading is all about. Not deviating from a properly researched trading plan, even though you go months without making a dime (or even losing money).
  • #10,718
  • Edited 4:57am May 19, 2012 4:29am | Edited 4:57am
Hmmm...yeah, I've noticed that. Some big moves and then sort of stagnation. But I really must say that I have never seen a time when there are no trades to take. What I mean is that, I've never seen the WHOLE market so stagant in a week, that I wouldn't be able to say "up or down",for the week. WHenever I hear someone (swing traders) talk about their trading, at a bar, or wherever, they always say up or down for the week. They also talk about for the month or the year, but when you ask them , "How's work?" they always start by telling you the week, and then go into, month, and year.
I know you said yourreally not trading much now, but I have to question your claim of only 20% successful trades. I can go back through this thread right now an read your posts of succcessful trades. And let me be completey frank. I am shocked you would say that.
I didn't even start trading live until I could reach at least 60% success, over a full 6 month period, which is what you, Nightmoves and other guys in this thread told us we had to do (read past posts). I make well over 75% success in my trades. Every week. So does every other professioal trader I know, institutional, or independent. In fact, I know guys who either win or break even, never lose (they have lots of cash though to take out enough money on the first price pulse to cover them if any moves to the stop loss). And Know you make more than 20%. You just don'trade often anymore probably. Why would you continue to do it ?
Anyways it's Saturday night 5:47 am EST and I'm drunk so......
Anyways...these are the final charts for my week.
It's Saturday night so I was out of these yesterday but, at least they kind of show you the final result. THANK YOU EUROPEAN ELECTIONS !!
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  • #10,719
  • Edited 6:46am May 19, 2012 6:30am | Edited 6:46am
Quoting shomari
Hmmm...yeah, I've noticed that. Some big moves and then sort of stagnation. But I really must say that I have never seen a time when there are no trades to take. What I mean is that, I've never seen the WHOLE market so stagant in a week, that I wouldn't be able to say "up or down",for the week. WHenever I hear someone (swing traders) talk about their trading, at a bar, or wherever, they always say up or down for the week. They also talk about for the month or the year, but when you ask them , "How's work?" they always start by telling you the...
as you will or will not learn, trading is not only about the win-rate. It's not about being right all the time. It's about making profits and that on a consistent basis. Consistency in this case is measured on a per thousand trades basis.
Without trying to be an ass: most newbs or traders starting out want a high win-rate, which is not needed and not even beneficial. Systems with a high win-rate generally tend to have a low reliability over the long-term (years to decades). I rather prefer going for high R:R and a really low win-rate, those systems have a robustness that can stand the test of time much better.
Well, and not sure if I would listen to guys in bars that talk about trading there. The probability of them lying is extremely high. A lot of people are very delusional in this business / have a tendency to say they are better than they actually are. (Of course if they are driving ferraris and own rolex watches, then the tendency to listen to them will increase.) But maybe I am too much affected by the members of this forum posting so much crap, that I can't believe anymore that anybody really posts / talks about his real results.

Sorry for that cynicism, but that's how I view it.
  • #10,720
  • May 19, 2012 7:42am May 19, 2012 7:42am
I don't know anything about all these "systems" people keep trying to peddle.
I DO know that REAL traders. UBS, CITI, etc are all taught what is called "swing trading" the market. Every last one of them. Either for profit or hedging for their customers.
Everyone in these forums seems to be searchig for some sort of, magic bullet, to somehow, conquer this beast, know as the forex market. It's so ridiculous. they don't want to put in the hard work and analysis it takes to make common sense trades.
Crazy elections in Europe = sell the Euro
Flight to safety = go long JPY and USD
I mean basic, fundamental trading !!!
Instead they talk of "systems", which don't take into accout the basic element of what a market is; thousands of people, around the world placing "bets", based on information.
Just because some "system" tells you to go long the Euro (let's say last week), does that mean you should ? Hell no !! But I bet you 1000's did. Why? Becaus they weren't trading REALITY. The reality of Greek, French, and yes, German provincial elections and English elections. They would have kown not to go long. Any idiot shoud have. But no....they trusted some, "system", that told them "when the engufing bar does this BUY", "when this bar does that SELL", "when the light flashes green", etc, etc, etc. Or worse, someone had there money on "auto pilot", with some forex robot. WHAT A JOKE !! I hope their little robots took into account all those elections and the ramifications of a kickback against austerity across Europe. A sweeping victory for Europes Left!! LOL !! WOW!!
BOTTOM LINE. TRADE LIFE, REALITY, WHAT IS HAPPENING ON EARTH, NOT SOME BULLS--T "SYSTEM".
Anyways....what are trying to write a book ? Sorry, but it seriously pisses me off.
I'm gonna start posting my trendscans, opening of week Setup charts, Mid week Update charts, the final Closing charts, on this thread. PROOF!!
Swig Trading "works".
And BTW those guys in the bars work for the foreign exchange trading desks of some of the biggest names on earth. Friends of mine since I was a kid. Guess I wasn't so good at math !! LOL !!

Trade Life!!
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