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No SL No Leverage Strategy - working so far

  • #861
  • May 17, 2012 3:29am May 17, 2012 3:29am
Quoting lillelise
so i understand my example was wrong ??
Nothing wrong about your example, but the answers have been given already.

Now tell me why you are asking questions which already have been answered .

Tell me your motives please.

P.S.: Thank you Admins for deleting the troll comments.
It is such a relief.

This thread is about discussing methods of trading without a SL.

It is not about discussing No-SL versus SL .
  • #862
  • May 17, 2012 3:45am May 17, 2012 3:45am
Quoting fxtr51
Nothing wrong about your example, but the answers have been given already.

Now tell me why you are asking questions which already have been answered .

Tell me your motives please.

P.S.: Thank you Admins for deleting the troll comments.
It is such a relief.

This thread is about discussing methods of trading without a SL.

It is not about discussing No-SL versus SL .
so if i understand it right...the example is what you call locking a loss ??
StopLoss is for none belivers... Trust the Gurus..
  • #863
  • May 17, 2012 3:55am May 17, 2012 3:55am
Quoting lillelise
so if i understand it right...the example is what you call locking a loss ??

Hey , just for the record
just put 2 trades this week, roughly following "51" īs concept...
and "locked" 2 PROFITS.....
  • #864
  • May 17, 2012 4:22am May 17, 2012 4:22am
Quoting lillelise
so if i understand it right...the example is what you call locking a loss ??
Everything is already answered in the thread.

Now tell me why you are asking already answered questions.
What are your motives ?
  • #865
  • May 17, 2012 4:39am May 17, 2012 4:39am
Quoting fxtr51
Everything is already answered in the thread.

Now tell me why you are asking already answered questions.
What are your motives ?
as i told you ..i couldent find it...

Now tell me why you are using 3-4 lines to say nothing..
when you just could have answered yes or no ???

what are your motives ??

it cant be for helping people....why not ease up ,,and explain once more then..for some like me that realy dont get it....
we just try to understand...,,,
StopLoss is for none belivers... Trust the Gurus..
  • #866
  • May 17, 2012 4:42am May 17, 2012 4:42am
Hello!
English is not my native language so sorry for the mistakes.
"51" just wanted to say I find your method very interesting, I myself am testing a variation, but I'm not having success appropriate.
So I registered in the forex factory.
We have many very good traders here discussing something that is useless depending on how you trade.
I myself started my strategy without SL, but I saw that not much point in "lock" because I do not know how to use the un-lock as well hehe ...
I used the classic SL the way and made some changes ...... I succeed!
But it means I can not succeed by using the lock-unlock ... just do not have the necessary skills, I believe.
I would like to know everyone's opinion regarding the initial discussion and perhaps leave for something more like, the lot size, the influence of this style of trade swaps or hedging instruments correlated own.

Sorry for english ..... blame google! rsrsrsrs
Good luck to all!
  • #867
  • May 17, 2012 4:49am May 17, 2012 4:49am
Why should I search the thread for you ?
Tell me.

You are not here to learn something.
You have been insulting others only and you kept on being off-topic.

Your new strategy is to give the impression of being on topic.
You think it is a smart strategy ?
It is not.

Your new strategy is breaching several rules of the forum and you know it.

Your new attempts to disturb the thread have been reported.

I am looking forward to what the Admin will do.
  • #868
  • May 17, 2012 4:53am May 17, 2012 4:53am
Here are some forum rules:

Quote
Rule #1: Respect Thy Fellow Trader
As a Forex Factory member, you are expected to treat others with respect and kindness. Mean-spiritedness, fighting, hostility, racism, offensive comments, and slander are all subject to removal. Healthy debate is welcome.

Additionally, all members have the right to trade in peace - you should not harass, attack, or disrupt another trader's thread. If you dislike or disagree with someone's ideas, it's fine to say so, but you should...

lillelise doesnīt treat others with respect or kindness.
His new strategy as well as his offensive one-liners are mean-spirited
and thus subject to removal.

All members have the right to trade in peace and lillelise should not harass, attack or disrupt the threads of other traders.

The other trolls got their mean-spirited postings deleted by the Admin and it was a big relief.

The final relief will be the deletion of the postings of lillelise.
  • #869
  • May 17, 2012 5:25am May 17, 2012 5:25am
anybody execpt for fx51 who master the skill of lock/unlock
who cares to explain ????

here is what we got so far :

1 :the so called lock/unlock only comes into play if in drawdown.

2 : example : 1lot long goes into 50 pip drawdown,,,then open a 1 lot short..........status your 50 pip in drawdown...

3 : so what now.??..we are 50 pips in drawdown
we sit a while and say damn ,damn,damn..
we then deside to open another trade 1 lot,ofcourse in the direction we think price will go...and hope and pray we will get the 50 pip drawdown back.

4..so far so good...but what do we do..if we are wrong the 3th time also.
and it goes to another 50 pip drawdown ????
StopLoss is for none belivers... Trust the Gurus..
  • #870
  • May 17, 2012 6:28am May 17, 2012 6:28am
Good Job fxtr.

You have just forced your way into winning a debate by removing all potential debaters.

Now that nobody is left to say anything, you win by default!

Congrats on winning the special olympics.

In the mean time, you continue to use tribal knowledge, personal experience and unsubstantiated claims as your only proof of argument. Anyone who doesn't agree with you or challenges your logic gets the ban hammer or gets called an idiot who can't possibly understand your great mind. When asked to elaborate and educate us, you claim to be above us and that it would be a waste of time to teach us.

Ohnoes... what are we to do in the shadow your your holy greatness!!
  • #871
  • May 17, 2012 7:58am May 17, 2012 7:58am
Quoting lillelise
anybody execpt for fx51 who master the skill of lock/unlock
who cares to explain ????

here is what we got so far :

1 :the so called lock/unlock only comes into play if in drawdown.

2 : example : 1lot long goes into 50 pip drawdown,,,then open a 1 lot short..........status your 50 pip in drawdown...

3 : so what now.??..we are 50 pips in drawdown
we sit a while and say damn ,damn,damn..
we then deside to open another trade 1 lot,ofcourse in the direction we think price will go...and hope and pray we...
Sir
you donīt understand the idea...itīs obvious...
The only way to "get it", is to try it out yourself, maybe on a very small lot, or demo...once you are in the game, and instead of SL, you "lock" a position, THEN, you just need to use your brain and market knowledge,(which Iīm sure you have), wait and see, as the market unfolds it will show you the answers...with some patience...you can pull it back to profit...itīs like a dance...maybe some trades donīt work, so you close like on SL...and start again.

It is so interesting...maybe you just drop it after the try...thatīs your own decision...but from your remarks, itīs obvious you didnīt grasp the idea behind it yet, thatīs the core of the discussion...


And I donīt think it can be taught , cause the scenarios are different, same as with SL, you need to know how to use it...on each scenario..
Iīve been trading for 15 years plus, wonīt say Iīm really good...but once I got this idea, working my trading system around it, seems fairly simple.

Best of success to you anyway.

I hate stops.
By the way, today I closed my 3 "test trade" with real money....I made $ again...no SL was used.

If I would have used Stops, I would have had 2 winners, 1 looser...ended up with 3 winners...and I deducted the interest on each position, precisely.
Nice day to you all...
  • #872
  • May 17, 2012 8:04am May 17, 2012 8:04am
Quoting thelws

[QUOTE"thelws"]Good Job fxtr.

You have just forced your way into winning a debate by removing all potential debaters.
Wrong.

This thread was never meant to "win a debate".

It was made to a battlefield by trolls, by SL-missionaries and such.

All I did is to clean the mess.

I restored this thread to a peacefull thread where traders discuss the No-SL method(s).

How come you still havenīt understood the core of the matter ?

Quote
Ohnoes... what are we to do in the shadow your your holy greatness!!

Easy: behave like a grown up individual and respect the forum rules.
I am not a holy greatness, I am just a humble troll-hunter and thread cleaner who prefers to discuss in a relaxed and kind atmosphere.

Stay on topic and treat others kindly and if you donīt like trading without a SL, go elsewhere or start your own thread.
Some possible topics could be:
#
"Always use a SL" or "Trading without a SL is foolishness and stupidness" or "Donīt believe those who teach a method with no SL" .
You get the idea ?
  • #873
  • May 17, 2012 9:00am May 17, 2012 9:00am
LOL no answers " as usually " what a surprise..

Lots of your paranormal traders,,here on FF lately.
none of you Gurus/masters ever give an explanition..
you just show up..with some BS...claiming your douing this or that.
when people ask how/when /where....
you never tell them how....but just to open a demo..and pratice and the charts will reveal the answer.....lol

i begin to belive..maby cukkulito and fx51,, has studied at Area 51 Forex school
StopLoss is for none belivers... Trust the Gurus..
  • #874
  • May 17, 2012 9:24am May 17, 2012 9:24am
Quoting lillelise
LOL no answers " as usually " what a surprise..

Lots of your paranormal traders,,here on FF lately.
none of you Gurus/masters ever give an explanition..
you just show up..with some BS...claiming your douing this or that.
when people ask how/when /where....
you never tell them how....but just to open a demo..and pratice and the charts will reveal the answer.....lol

I believe I was really kind to you...and did not deserve that answer at all...and I was honest.
Charts do reveal a lot if you can read them.


i begin...
Not that school, but I can tell you Iīm an expert in Fibonacci trading and Elliot Wave. Studied for years, own some of the best software in the industry...I know about some secret Fibos, I know how to measure Fibos exactly on the price and time axis.....
Let me tell you something, follow all that that I mentioned, by the book: it wonīt work.
The same goes for moving averages, S/R, Macd, and everything else....why do you think thereīs an endless list of systems, and threads, and indicators, and, and....
MM and position sizing, specailly position sizing, have the biggest impact in your bottom line.
Thatīs why, tossing a coin does work (itīs proven), provided you trail with enough distance...but itīs very slow.

I read somewhere: the market is random, thatīs a given, the second one, it trends...now: try to catch a trend...the price you will pay, with any indicator or system, usually eats up all the profits of the trend, by the time you caught it, if you were good enough to catch it.
Add to that, the cheating brokers, if you donīt agree on this you need to pay more attention...just look at any chart , any kid can spot the stop hunting....and thatīs only one trick...news spikes is another, some are justified to have liquidity on the other side of the table...most are just an excuse to wipe out millions and millions on SL, then run in the original direction, with all the retail money in their pockets..

Add all this togehter, and itīs easy to understand why almost everybody fails...and traders are usually on the high IQ end of the poulation...
To sumarize: you need an extra edge...
My tip: it has a lot to do with position sizing, and managing.

Wish you the best of luck in finding it.
  • #875
  • Edited 9:43pm May 17, 2012 12:19pm | Edited 9:43pm
A reasoned post, not that I necessarily agree with your opinions but at least you presented them in a reasonable way! I'm almost tempted to vouch for you....only almost!

Quoting cuchuflito

Let me tell you something, follow all that that I mentioned, by the book: it wonīt work.....moving averages, S/R, Macd, and everything else
I guess it depends on what you mean by 'work', 'S/R, Macd, and everything else' are only there to help a trader form a directional bias, they're ancillary to trading. That, I believe, is why there is such a high failure rate, people think predicting direction accurately is prerequisite to being a profitable trader so that is what they focus all their energy on.


Quoting cuchuflito

MM and position sizing, specailly position sizing, have the biggest impact in your bottom line.
As does the effective use of leverage, compounding, and more importantly risk management. So far no-one has come up with a viable alternative to a stop loss, ie closing a trade when it's either no longer valid or viable. In fact looking at most of the strategies suggested by those who claim they don't use a stop do in fact have a stop loss!


Quoting cuchuflito

To sumarize: you need an extra edge...
An edge will do the job more than adequately, I'm not sure what an 'extra edge' is.

Anyway, it's nice to see all the garbage posts have been removed, there was way too much noise in the thread from hecklers in the cheap seats, lol!


-
  • #876
  • May 17, 2012 6:05pm May 17, 2012 6:05pm
Quoting cuchuflito
Not that school, but I can tell you Iīm an expert in Fibonacci trading and Elliot Wave. Studied for years, own some of the best software in the industry...I know about some secret Fibos, I know how to measure Fibos exactly on the price and time axis.....
Let me tell you something, follow all that that I mentioned, by the book: it wonīt work.
The same goes for moving averages, S/R, Macd, and everything else....why do you think thereīs an endless list of systems, and threads, and indicators, and, and....
MM and position sizing, specailly position...
You nailed it on the head:

MM and position sizing, especially position sizing, have the biggest impact in your bottom line.

Been saying that for a long time.
  • #877
  • May 17, 2012 9:42pm May 17, 2012 9:42pm
Quoting nanningbob

MM and position sizing, especially position sizing, have the biggest impact in your bottom line.

Been saying that for a long time.
Impact yes, both positive and negative!

Your trade size is specifically designed to allow for 000's of pips drawdown, averaging, and martingaling which is why you're trading for pennies. Compared to a trade with a realistic stop and therefore a leveraged position it's hardly the best use of capital, leverage, compounding, or the market itself.

You won't debate that fact because you already know you can't argue with the math, all you say is that math doesn't apply to you!
  • #878
  • May 17, 2012 9:59pm May 17, 2012 9:59pm
Quoting thelws
Good Job fxtr.

You have just forced your way into winning a debate by removing all potential debaters.

Now that nobody is left to say anything, you win by default!

Congrats on winning the special olympics.
He tried but this is still an open thread on a public forum, the challenges, observations, and suggestions continue.....


Quoting thelws

In the mean time, you continue to use tribal knowledge, personal experience and unsubstantiated claims as your only proof of argument. Anyone who doesn't agree with you or challenges your logic gets the ban hammer or gets called an idiot who can't possibly understand your great mind. When asked to elaborate and educate us, you claim to be above us and that it would be a waste of time to teach us.

Ohnoes... what are we to do in the shadow your your holy greatness!!
It's impossible to defend the indefensible so he has very few choices available to him when it comes to trying to justify his strategy with reason and logic! Like you say none of what he says is ever substantiated.....it's all just smoke.
  • #879
  • May 18, 2012 12:12am May 18, 2012 12:12am
Quoting nanningbob
You nailed it on the head:

MM and position sizing, especially position sizing, have the biggest impact in your bottom line.

Been saying that for a long time.
Hi Bob.. wouldn't you think all that without a well defined entry point might not have the best impact on the bottom line as it could?..
i was the kind of a guy that used to say entry is just a excuse to get in the market and your Trade Management is what would make the difference and I still believe it to some degree and full believe in the TM part.. but later on as i grew as a trader i learned that a well defined entry to get in accordingly well is also as important and kicks up Traders bottom line a few levels up. so its all hand in hand IMHO. just something to also think about.

good luck trading all.. i be hitting the tennis court on a small tourney, be back in a few hours so if i don't respond back in time excuse me in advance you all. Hopefully we all could carry on a good intelligent none abusive exchange of concepts from here on.
  • #880
  • May 18, 2012 12:45am May 18, 2012 12:45am
Now I have evidence that lillelise is indeed a buddy of an Admin.
He is protected and his troll-postings have not been deleted.

That opened the way for thelws to post an unsubstantiated troll statement
and it hasnīt been deleted too.

This thread is thus open for trolls, the Admins have their buddies in this thread and will not look that the forum rules will be respected.

Other members have told me this , I didnīt know lillelise before but they were correct about him and his special connection to twee.

No place for a reasonable discussion in this thread.

The only place to discuss the lock-unlock method would be a new thread where trolls like lillelise and others are banned from the beginning and where the thread starter would keep the thread troll-free because trolls like lillelise will never respect forum rules
and what can you do about a troll who is protected by the Admin ?
Nothing.

I am not going to open a thread.

Lock Unlock has been described in this thread, it is easy to understand but it is not for newbies. Everything has been said about it.

I will not waste my time maintaining a thread against SL-missionaries and trolls.

I am out.
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