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  • #7,101
  • Nov 6, 2013 11:20am Nov 6, 2013 11:20am
Quoting dragan9
{quote} almost never caught a rabbit
A Zen master and his pupil were taking a walk one day, and came across a fox chasing a rabbit.

The master asked, who will win, the rabbit or the fox? The pupil replied, the fox, for he is much bigger and faster.

To which the master replied, what you say is true. But while the fox is running for his dinner, the rabbit is running for his life!
To improve is to change. To perfect, is to change often.
  • #7,102
  • Nov 12, 2013 8:29pm Nov 12, 2013 8:29pm
Don't worry, be happy!
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To improve is to change. To perfect, is to change often.
  • #7,103
  • Nov 14, 2013 8:19am Nov 14, 2013 8:19am
Hi again SSBOers its been awhile but ive kept busy and Im still trading this system.

I want to show you all an uncommon pattern that occours from time to time on some of the pairs I trade (pictured is usd/chf)

Pretty much there will be a fakeout followed by a reverse followed by another usually more volatile fakeout followed by yet another reverse.

How I counter this is by taking the side of the break thats with trend (spotting trend is another discussion).

Other SSBOers Im sure would use a martingale to counter this.

What I would like is to hear is if anyone has noticed this pattern anywhere else before and/or if anyone has any constructive opinions on it.

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  • #7,104
  • Nov 14, 2013 11:00am Nov 14, 2013 11:00am
Quoting fexitrade
Hi again SSBOers its been awhile but ive kept busy and Im still trading this system. I want to show you all an uncommon pattern that occours from time to time on some of the pairs I trade (pictured is usd/chf) Pretty much there will be a fakeout followed by a reverse followed by another usually more volatile fakeout followed by yet another reverse. How I counter this is by taking the side of the break thats with trend (spotting trend is another discussion). Other SSBOers Im sure would use a martingale to counter this. What I would like is to hear...

Fexitrade, I think you are focusing and worrying on completely the wrong thing! There's no such thing as a "fakeout"...the price DID break out, but did not reach whatever pre-determined level you wished it to. Moreover, enough with this trend stuff already...we are not trend traders when we trade SSBO, we are VOLATILITY traders. We dont care if price is going up or down...we just wait for Volatility Expansion to occur after a period of relative inaction.

I hope I dont come across as rude, but you mentioned the three words that drive me to distraction..."fakeout", "trend" and "Martingale"

Good luck in your trading
  • #7,105
  • Nov 14, 2013 11:39am Nov 14, 2013 11:39am
Zuke my friend trend is important in the STAIR STEP breakout system. The stairs we step give valuable information on the greater trend of the markets. Once you have about a months worth of pretty boxes zoom out and check it!

What your saying about trading volatility I believe is true but from experience also major price levels, previous PA and trend do have an effect on how price breaks. Which effects my pips which makes me take notice.

by acknowledging these factors I have been able to use this system much more effectively. What Im going for is a discussion about how this system fairs in an uncommon scenario - more a novelty then a worry for me.

Lastly as for the buzz words:

fakeouts is misplaced on my part i mean it more in the context of a fuckup or ooopssie

trend is my friend

and martingale is definately not

-let me know how you would deal with this pattern
  • #7,106
  • Nov 14, 2013 1:06pm Nov 14, 2013 1:06pm
Fexi, you are half way there. Keep trading and experimenting, and soon enough you will see through the last of the fallacies and false arguments you are still clinging to. Just let them go. So easy it's hard.

Zuke, you've made it all the way. You are trading completely naked and are following price and nothing else. Congratulations.
To improve is to change. To perfect, is to change often.
  • #7,107
  • Nov 14, 2013 8:04pm Nov 14, 2013 8:04pm
could you clarify that for me big poppa

also have you seen that pattern occour on occassion
  • #7,108
  • Nov 14, 2013 9:36pm Nov 14, 2013 9:36pm
Quoting fexitrade
could you clarify that for me big poppa... also have you seen that pattern occour on occassion
My message was crystal clear: Zuke is following my advice and you are not. There's nothing to add beyond that; Zuke's last post already said it all.
To improve is to change. To perfect, is to change often.
  • #7,109
  • Nov 14, 2013 9:52pm Nov 14, 2013 9:52pm
ok captain will keep it simple and civil

Who else is seeing a CZ forming on cable? (1hr chart)

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  • #7,110
  • Nov 15, 2013 1:00am Nov 15, 2013 1:00am
Are you fucking kidding me Fexi? After all I've done for you, you have to threaten me with being civil or not inside my own teaching thread? So far this year I have had a 100% trade set win rate, and I've banked over 70,000 pips. What have YOU done? Who have YOU taught? So stop posting your stupid pics and go back and read from the start again and do everything the 1st post says. Do that, and I promise your life will change too. Good-bye.
To improve is to change. To perfect, is to change often.
  • #7,111
  • Nov 15, 2013 1:12am Nov 15, 2013 1:12am
Hello forexhard,

Before I start, just to make clear I am not asking to be spoon fed, and will start reading this thread from the beginning (already started reading the first few pages, but currently still reading another huge thread, which when I finish, will devote more time to this thread). What I would just like to clarify is that can your method be applied to higher time frames like the H4 and D1 (as I work full time and can trade only higher time frames)? From the first few pages, I see you mainly trade the M15. If this is a question that has already been answered somewhere in the thread, then I apologize. I just don't want to spend time reading through the thread and then getting towards the end only to find out the method won't work with my preferred time frame. Many thanks.
  • #7,112
  • Nov 15, 2013 8:56am Nov 15, 2013 8:56am
Quoting danjuma
Hello forexhard, Before I start, just to make clear I am not asking to be spoon fed, and will start reading this thread from the beginning (already started reading the first few pages, but currently still reading another huge thread, which when I finish, will devote more time to this thread). What I would just like to clarify is that can your method be applied to higher time frames like the H4 and D1 (as I work full time and can trade only higher time frames)? From the first few pages, I see you mainly trade the M15. If this is a question that has...
...or you could just be diligent and read the thread and forward test yourself on your desired timeframe. #justsayin
  • #7,113
  • Nov 15, 2013 10:24am Nov 15, 2013 10:24am
Quoting Zuke
{quote} ...or you could just be diligent and read the thread and forward test yourself on your desired timeframe. #justsayin
Zuke, thanks for your reply. I am not being lazy and I do not have an issue or mind reading through threads. In fact, I have read several threads, with some having 300+ pages, from start to finish, only to realise at the end it does not suit me. I do not think it's too much to ask, to have an idea whether a thread will suit you from the beginning before embarking on spending hours/days reading through the whole thread. Was just a straight forward question - can the method be apply to higher time frames?
  • #7,114
  • Nov 15, 2013 1:15pm Nov 15, 2013 1:15pm
A quote taken from the very first post:

"This system will work for any pair on any TF. But for those who wish to follow me I am showing a G/U M15 chart from this week (ending July 1)."
To improve is to change. To perfect, is to change often.
  • #7,115
  • Nov 15, 2013 2:59pm Nov 15, 2013 2:59pm
"This system will work for any pair on any TF"

eur/rub

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ReAl MoDe: ON
  • #7,116
  • Nov 15, 2013 4:04pm Nov 15, 2013 4:04pm
Quoting forexhard
A quote taken from the very first post: "This system will work for any pair on any TF. But for those who wish to follow me I am showing a G/U M15 chart from this week (ending July 1)."
Many thanks!
  • #7,117
  • Nov 16, 2013 12:30am Nov 16, 2013 12:30am
First time Ive checked in here in ages and see this...

Quoting forexhard
Are you fucking kidding me Fexi? After all I've done for you, you have to threaten me with being civil or not inside my own teaching thread? So far this year I have had a 100% trade set win rate, and I've banked over 70,000 pips. What have YOU done? Who have YOU taught? So stop posting your stupid pics and go back and read from the start again and do everything the 1st post says. Do that, and I promise your life will change too. Good-bye.



Fuck you are an egotistical prima donna fxhard. You have kept this thread alive for your ego not charity to others.
  • #7,118
  • Nov 16, 2013 12:37am Nov 16, 2013 12:37am
Quoting forexhard
Annnd out! {image}

Yeah great boasting, but what signal were these four shorts based on? What was the SL, where was the money management? They hand't broken your CZ and to be honest I can't see a consolidation zone. It looks like you did for random shorts and they worked for you in a down trend, big fucking deal. You made $80k but how much were you willing to lose? These were poor examples of breakout trades.
  • #7,119
  • Nov 16, 2013 11:13am Nov 16, 2013 11:13am
Quoting forexhard
...After all I've done for you, you have to threaten me with being civil or not inside my own teaching thread?... go back and read from the start again and do everything the 1st post says. Do that, and I promise your life will change too. Good-bye.
It didn't seem that his comment was directed at you, FH. I think he meant that he would keep it simple and civil.

Like this, with punctuation: "Ok, captain. (I) will keep it simple and civil. Who else is seeing a CZ...." In other words, sticking to this system, as you indicated.

"Civil" may have been a bad choice of words on his part.

Thanks for all the effort you've put in to provide help to other traders.
The mind thinks, the heart knows...
  • #7,120
  • Nov 16, 2013 12:16pm Nov 16, 2013 12:16pm
Quoting forexhard
{quote} A Zen master and his pupil were taking a walk one day, and came across a fox chasing a rabbit. The master asked, who will win, the rabbit or the fox? The pupil replied, the fox, for he is much bigger and faster. To which the master replied, what you say is true. But while the fox is running for his dinner, the rabbit is running for his life!
That's a good one! Of course, there are many rabbits and far fewer foxes. And foxes have to eat, too!

The rabbit's (retail traders) fear of death and fox's (the brokers) desire for a meal, do not always determine the outcome on a case by case basis.

It's often a toss up, depending on terrain, weather conditions, the condition & experience of the fox and the rabbit, etc. (Or market conditions, choice of assets, systems, experience and discipline of the trader, and broker, etc.)

But in the long run, there are no winners in life.

Only in death. (So, finish strong.)

Life is 10% what you make it, and 90% how you take it." - Irving Berlin

The man knew his happiness!
The mind thinks, the heart knows...
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