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  • #11,421
  • Jul 23, 2012 9:05am Jul 23, 2012 9:05am
Quoting shomari
EU short now a days is kind of a no brainer eh ? Gotta love it !!
Yeah theres Easy pips to be made with this system . Once a traders eyes get set on price patterns etc then pips will roll in.
Hector is a king.
I went through so many systems before this and didnt have control over my trades. I was blindly following buy sell buy sell without even knowing what the market was doing.
today i scored a nice 150 pips.
No stress at all. I feel like im a pro in the markets. waiting for the moves to happen and not just chase any move i see.

--FK
i am a nobody
  • #11,422
  • Jul 23, 2012 10:09am Jul 23, 2012 10:09am
Quoting ForexKnight
Yeah theres Easy pips to be made with this system . Once a traders eyes get set on price patterns etc then pips will roll in.
Hector is a king.
I went through so many systems before this and didnt have control over my trades. I was blindly following buy sell buy sell without even knowing what the market was doing.
today i scored a nice 150 pips.
No stress at all. I feel like im a pro in the markets. waiting for the moves to happen and not just chase any move i see.

--FK
Hi
Just i would like to ask you this question as you mentioned Hector is the King,
Why dose not he have live chart with signals or Analysis?
I don't object with anyone but i would like to know !!!!
Don’t follow someone else’s trading advice blindly
  • #11,423
  • Jul 23, 2012 10:30am Jul 23, 2012 10:30am
THREAD HIATUS.

like shomari, i will be taking a hiatus from FF...i have a new job assignment which requires considerable amount of my time. I will be back in a month or two.

It is a shame really, just as this thread is being infused with life and activity..with holy cow and 4rexx and kamifx and forexknight and kumarr81...damn, i need to go away.

Nice contributions by everybody(well, with the exception of custos.) i obviously couldnt read his posts(i put him on ignore)...but i read 4rexx and shomari response to him...i can only guess he was talking about something that is somehow related to backtest? i will be shocked if that wasnt the content of his post.

anyways.

for those interested...here is the video of hector live trades: about 177 of them. .

my apologies, i couldnt reply to 4rexx and holycow and shomari post in detailed. i promise to do it thorough justice when i come back in a month or so.

til then, take care and good pips hunting.

--skynet
" It may mean something. It may mean nothing at all "
  • #11,424
  • Jul 23, 2012 11:55am Jul 23, 2012 11:55am
Quoting kamifx
Hi
Just i would like to ask you this question as you mentioned Hector is the King,
Why dose not he have live chart with signals or Analysis?
I don't object with anyone but i would like to know !!!!
Hey buddy are you serious? by saying that i see you dont know hector that well.
All he tries to do is live recordings of his trades and posts them up. His probably one of the traders that keep recording his live trades.
He dont rely on any indies to tell him to take trades. his system is pure price action. The patterns and breakouts he trades are universal which means they happen ALL THE TIME on every timeframe.
You see trading forex is about finding something that happens all the time.
Then you stick to that and you make money off it. Hector has found few things that happens all the time and he makes his money off that.
Its simple as that.
This type of trading can increase your win rate depending on your experience.
A trader follows a normal mechanical system blindly and not even pay attention in what happening in market thats why some systems lose over a certain time coz the market conditions change. but if you trade pure price action you can always make money coz you see what the market is doing.

Why do you think 95% of traders are arent successful? coz they are lazy and want a system that does everything for you and to top it off as soon as they see the system lose few trades then they change their systems thus never becoming consistent.
I was a trader that started off by trading price action with just 1 or 2 indies in which time i was profitable.
Then i got carried away with these fancy inidis promising this and that.
I started trading systems that were mechanical. those were the worst results ever. THe mechanical system cant really tell you what the market is doing. I was stuck in a rut.
Then i found hectors material and thats when i really appreciated his techinque.
As there is a saying "when the student is ready the master will appear" thats exactly what happened.
The noobs here wont unsderstand that or they will take this system for granted. Some of the traders here will move to another system thinking it will be greener pastures. All i can say trading pure price action with the trend is the way to go in forex.
This is a consistent way to be profitable.
So buddy i hope you understand now why i say he is a king.
Even if hector didnt post live trades i would still call him a king cos if you trade this system you will see for yourself that these patterns happen all the time. A person eyes just need to get used to looking for the patterns etc then it will be second nature.

--FK
i am a nobody
  • #11,425
  • Jul 23, 2012 11:57am Jul 23, 2012 11:57am
Quoting Skynet
THREAD HIATUS.

like shomari, i will be taking a hiatus from FF...i have a new job assignment which requires considerable amount of my time. I will be back in a month or two.

It is a shame really, just as this thread is being infused with life and activity..with holy cow and 4rexx and kamifx and forexknight and kumarr81...damn, i need to go away.

Nice contributions by everybody(well, with the exception of custos.) i obviously couldnt read his posts(i put him on ignore)...but i read 4rexx and shomari response to him...i can only guess he was...
Tks for Address but Clips for 4 years ago
Don’t follow someone else’s trading advice blindly
  • #11,426
  • Jul 23, 2012 12:27pm Jul 23, 2012 12:27pm
Quoting ForexKnight
Hey there Guys

I just want to say that i will be joining this thread. Ive studied hectors techniques and think he is a brilliant trader.

My first post will be of a short trade i took on EU made a nice 30 pips.
My setup chart was the 30min chart where i built a wall of support at the dynamic support area. My trigger chart was the 5min TF.
I didnt wait for the pullback on the 5min chart as hector says that the smaller TF dont have much pullback so i entered immiadetelt after the break with a 12 pip SL. nice and tight.

--FK

Hello ForexKnight,

Good to see those charts!! Will also try to contribute more to this thread, and post my setup charts before they trigger.
  • #11,427
  • Jul 23, 2012 2:31pm Jul 23, 2012 2:31pm
Quoting mkb1272
Hello ForexKnight,

Good to see those charts!! Will also try to contribute more to this thread, and post my setup charts before they trigger.
Yes buddy that would be great.
We all should contribute so we can learn price action better.
I will try my best to post charts when i see any price patterns before the breakout occurs.
The other more experienced traders can help us in seeing that we are drawing the patterns correctly.

Hector always say that it must take us few minutes to see a pattern. we musnt try to make a pattern thats not there in the first place. The pattern must catch our eye in the first few minutes.

--FK
i am a nobody
  • #11,428
  • Jul 23, 2012 2:49pm Jul 23, 2012 2:49pm
Quoting kamifx
Tks for Address but Clips for 4 years ago
Oh come on,
i know Hector and his job, but those things are not something new or you or others haven't seen those things before, just i am saying the best way to show and prove your system or strategy is to talk about the market before it begins ( this is a big picture of Market not opening position) and then talk about the entry point ( strong entry level), best levels for getting profit. (short or long term) .As you know if you don't have a good picture of market in advance, it's impossible to have a good control of your trades.
For instance, you see here some traders read the News, analysis and predict the trend, if you get back you see "How accurate all of them" needless to say all of them are perfect
Don’t follow someone else’s trading advice blindly
  • #11,429
  • Jul 23, 2012 7:07pm Jul 23, 2012 7:07pm
Quoting kamifx
Oh come on,
i know Hector and his job, but those things are not something new or you or others haven't seen those things before, just i am saying the best way to show and prove your system or strategy is to talk about the market before it begins ( this is a big picture of Market not opening position) and then talk about the entry point ( strong entry level), best levels for getting profit. (short or long term) .As you know if you don't have a good picture of market in advance, it's impossible to have a good control of your trades.
For instance,...
Trading is really about trading support and resistance. Theor are traders that can in any direction when ever they want, and thats all good. I like to trade trends and have the market on my side. There is no one and I mean NO ONE that can predict what the market will do thats why Billions of dollars are lost on trades by very large trading firms.

The market IMO is something you react too if you want stress free trades. Use the trends in your favor and dont try and guess a move, wait for it to tell you what to do.

--NM
  • #11,430
  • Jul 23, 2012 7:12pm Jul 23, 2012 7:12pm
Quoting ForexKnight
Yeah theres Easy pips to be made with this system . Once a traders eyes get set on price patterns etc then pips will roll in.
Hector is a king.
I went through so many systems before this and didnt have control over my trades. I was blindly following buy sell buy sell without even knowing what the market was doing.
today i scored a nice 150 pips.
No stress at all. I feel like im a pro in the markets. waiting for the moves to happen and not just chase any move i see.

--FK
Nice gets. Yeah, I liken it to what athletes call the game "slowing down". When college athletes turn pro, they say the game is too fast for them. But after a while they become used to it and they say the game "slowed down".
At first when your looking at charts, you have no idea what you'r looking at, but once your eyes get used to the same patterns, over, and over now you wait for moves to happen, you're a step ahead of the markets, the game has now slowed down for you my friend...Congratulations !!

  • #11,431
  • Jul 23, 2012 7:21pm Jul 23, 2012 7:21pm
Quoting shomari
Nice gets. Yeah, I liken it to what athletes call the game "slowing down". When college athletes turn pro, they say the game is too fast for them. But after a while they become used to it and they say the game "slowed down".
At first when your looking at charts, you have no idea what you'r looking at, but once your eyes get used to the same patterns, over, and over now you wait for moves to happen, you're a step ahead of the markets, the game has now slowed down for you my friend...Congratulations !!

Yep it takes a lot of screen time and practive to get used to reading the charts. Longer time frames give you the big picture. And those set the stage for your game plan. Then put the plan of attack in place when the mariket tells you too and your good to go...usually...LOL

Sometimes the market will throw you a curve but hey thats trading and as long as your prepared to take a a couple strikes before the home run pitch then you should be good to go.

--NM
  • #11,432
  • Jul 23, 2012 7:26pm Jul 23, 2012 7:26pm
Hi Shomari, long time no see
I gave up on trying to understand fundamentals long time ago. Not my strong part. actually letting profits run used to be a problem too until i read right information.
But fundamentals seem like the ultimate obstacles. I only use news when positive news fail to move affected pair higher or lower depending for whch currency it is positive.
I feel ok and try to keep things simple.

Quoting shomari
It's not tha difficult. Why do you think the forex factory home page www.forexfactory.com is filled with fundamental data ? Cause that's what trading is ALL ABOUT. TRADING LIFE, REALITY, WHAT IS ACTUALLY HAPPENING IN THIS WORLD.
Cow, when you know the fundamentals, it doesn't mean that you trad on it right away. Read all th China stuff again. We KNOW, it's going to crash, we just don't know when, because we have to wait fir the rest of the HERD to figure it out and trade "ACCORDINGLY"....
  • #11,433
  • Jul 23, 2012 7:27pm Jul 23, 2012 7:27pm
When i was a newbie I still remember i was excited everytime i hear him speaks. He has this accent/charisma which made me stay to listen.

Owh the old days....
  • #11,434
  • Jul 23, 2012 7:28pm Jul 23, 2012 7:28pm
Quoting kamifx
Hi
Just i would like to ask you this question as you mentioned Hector is the King,
Why dose not he have live chart with signals or Analysis?
I don't object with anyone but i would like to know !!!!
Signals, you don't need signals, we can find them ourselves with trendscanner and our own two eyes. We in this thread could BE the ones giving signals and analysis, that's how good Hectors teaching is.
Hell, if you're that lazy of a trader you can just read our posts and, when we post trades, just enter and exit where we do. If you'd done that over the last few months, YOU"D HAVE MADE A BUNDLE. SERIOUSLY !!!

I don't know if I'd use the term KING, but he is absolutely a man who deserve MUCH RESPECT AND PRAISE. To uncover and expose the basic fundametals of swing trading, and teach us how to trade for ourselves, KNOWING WHY, we make a trade, not just because this light flashes, or this bar is engulfing etc etc.

Dude if we wanted to TTAP could start an investment firm and make peoples money make them money, that's how good we are, and how strong this technique is.
We don't need signals and analysis, we do that shit by ourselves.
  • #11,435
  • Jul 23, 2012 7:28pm Jul 23, 2012 7:28pm
Quoting ForexKnight
I would say trade with the trend only. thats you best bet in forex just like how hector showed us.
Why would we want to go against the main trend?
The financial instituitions are trend traders.

--FK
Forexknight, I actually only trade along the trend or if to be exact I am trying to get on the new trend when the older one reversing to run new one. iI do not use existing trends to trade. For this I have signals.
  • #11,436
  • Jul 23, 2012 7:30pm Jul 23, 2012 7:30pm
Quoting NightMoves
Trading is really about trading support and resistance. Theor are traders that can in any direction when ever they want, and thats all good. I like to trade trends and have the market on my side. There is no one and I mean NO ONE that can predict what the market will do thats why Billions of dollars are lost on trades by very large trading firms.

The market IMO is something you react too if you want stress free trades. Use the trends in your favor and dont try and guess a move, wait for it to tell you what to do.

--NM

Hi Nightmoves, good to see you here.
I think it all depends upon what kind of trader everyone is. some trades are taken form s/r areas and some are along momentum cause momentum can break everything. I think the pure s/r traders are all in No Brainer trades thread
  • #11,437
  • Jul 23, 2012 7:40pm Jul 23, 2012 7:40pm
Quoting kamifx
Tks for Address but Clips for 4 years ago
Those trades, may be old, but consider them as some of your most valued trading asset.. I have had those vids on my personal harddrive FOR YEARS!!!

Sometimes I just open windows media player, and make a huge playlist of them in order and just watch for hours.

The true value of these vids,is that you get to see what the price formations look like and you see them over and over, so your eyes get adjusted to SEEING the market quicker. Also Hector is just going into detail about his trading decisions and he also just talks about stuff he knows so you learn alot more than just reading a chart, but his analysis behind the trade, as well as just tidbits of knowledge.
I RECOMMEND EVERYONE DOWNLOAD THOSE VIDS AND WATCH THEM IN ORDER
  • #11,438
  • Jul 23, 2012 7:41pm Jul 23, 2012 7:41pm
hopefully some big move starts. been whipsawed for some time. clsoed aud/jpy for profit after very convincing double top and closed gbp/usd after failure to break at half what i risked. did just on time.
Commodities/futures keep whipsawing.

here few news trades

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I am looking at 4 more trades to enter.
  • #11,439
  • Jul 23, 2012 7:53pm Jul 23, 2012 7:53pm
Quoting Holy Cow
Hi Nightmoves, good to see you here.
I think it all depends upon what kind of trader everyone is. some trades are taken form s/r areas and some are along momentum cause momentum can break everything. I think the pure s/r traders are all in No Brainer trades thread
Well momentum trades are usually short lived trades. Kind of trading the news, I do not trade the news for obvious reasons the volatility is just not my style of trading. I would rather find a good trend and ride it.

However its still based off of support and resistance and thats how trading is done unless you use some indicator that tells when to trade but then again we all know how well those work over a period of time.

The method I use is based off trends and entries and exits are based off support and resistance.

Also looking for reversal patterns and the orther usual chart patterns. The reason I created this thread was because someone asked my what my "System Was" as I was posting my trades. So I created this thread and to show really it was not a "system" but more of a method that has worked for me over the years.

I still trade I dont take High risk trades I take low risk with good rewards. But also MM is the key to any method. In reality if you have good MM you caould actually lose 70% of your trades and still make money. So learning to trade is only half the battle. The other half is managing your money.

This thread since its inception has many good traders with very good advice. There are some good threads on this forum. But for me I find trading the trends and not the news or momentum trading is the lowest risk type of trading.

When you think about it by trading this method you already have the market on your side.

--NM
  • #11,440
  • Jul 23, 2012 7:56pm Jul 23, 2012 7:56pm
Quoting kamifx
Oh come on,
i know Hector and his job, but those things are not something new or you or others haven't seen those things before, just i am saying the best way to show and prove your system or strategy is to talk about the market before it begins ( this is a big picture of Market not opening position) and then talk about the entry point ( strong entry level), best levels for getting profit. (short or long term) .As you know if you don't have a good picture of market in advance, it's impossible to have a good control of your trades.
For instance,...
You're wrong. At the time those trades WERE posted before they triggered. I used to watch them everyday, he just stopped doing it. We used to watch him live back in 2007 at his old website www.hectortrader.com . He used to start just before london open and he'd break down the trades, and why he was taking them. Then he'd come back and update the chart and analyse it from the point the trades were at the time. He just stopped doing that one day and moved his new site to www.tradinglive.com. Maybe he's just really busy now,who knows, but those trades WERE live at the time. That's why if you actually take time to watch them, you'll see ALL trades, EVEN THE LOSING ONES.
I'm not sure if that answers your statement, but I assure you, those trades were all live at the time, I used to watch them myself. I've been learning/trading Hector system since early 2006. It's the only system I have ever tried and I thank GOD I didn't get caught up with any bullshit system. I am truly one of the lucky ones, to have gone straight from newby, to Hector, to PROFITS.
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