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There is no Holy Grail

  • #41
  • Dec 5, 2013 7:35am Dec 5, 2013 7:35am
By the way, kiwi, where's your trade explorer?
No-no, i'm not talking about that 2$ thing with 96,... % loss - where's the profitable one?
The single most important factor is having control of your own life.
  • #42
  • Dec 5, 2013 8:30am Dec 5, 2013 8:30am
Trendline, the holy grail of this unholy business.
  • #43
  • Dec 5, 2013 9:36am Dec 5, 2013 9:36am
Mikkk01
Quote
You don't have any proof of that and when people say stuff they can't prove they're called "muppets" ......-

I thought they were called "Religious".
AVT INVENIAM VIAM AVT FACIAM
  • #44
  • Dec 5, 2013 10:10am Dec 5, 2013 10:10am
Quoting the redlion
Mikkk01 {quote} I thought they were called "Religious".
That's an interesting point... actually: some guys found proof that god exists
The single most important factor is having control of your own life.
  • #45
  • Dec 5, 2013 10:24am Dec 5, 2013 10:24am
Quoting Mikkk01
{quote} That's an interesting point... actually: some guys found proof that god exists
I'm assuming you are talking about the second law of thermodynamics....that argument is specious, you have to assume that the earth is a closed system, here is a link on the matter..... http://rationalwiki.org/wiki/Second_...thermodynamics I can get into it further should you think that entropy accounts for a diety.
AVT INVENIAM VIAM AVT FACIAM
  • #46
  • Dec 5, 2013 10:44am Dec 5, 2013 10:44am
Quoting the redlion
{quote} I'm assuming you are talking about the second law of thermodynamics....that argument is specious, you have to assume that the earth is a closed system, here is a link on the matter..... http://rationalwiki.org/wiki/Second_...thermodynamics I can get into it further should you think that entropy accounts for a diety.
Yup... and you're right, of course - that's all controversial stuff!
Didn't say I'm an advocate of it! [never saw any need in delving deep anyway]
The single most important factor is having control of your own life.
  • #47
  • Dec 5, 2013 1:04pm Dec 5, 2013 1:04pm
Quoting Master_kiwa
{quote} It isn't a question about "being there" or not. The reality is it is the same. We aren't talking about emotions. I am simply pointing out the fact that it is the same. No matter how big or small the account. You still have to execute the trades the same, and decide to take profit the same. Saying that "one must master" them self isn't giving anyone any actual advice. Yet thanks anyway.
It is the best advise I can give you….trust me
Wherever you go, there you are.
  • #48
  • Dec 6, 2013 1:00pm Dec 6, 2013 1:00pm
Not to be pedantic but trust, frankly, is overrated..and most brokers post the same one liner as part of their sales pitch..
Got to admit, the thread just got interesting..irrespective of whether any "hail mary" is required to decipher the code to the grail in question..
  • #49
  • Dec 7, 2013 3:11am Dec 7, 2013 3:11am
Quoting Master_kiwa
As someone mentioned earlier "it boils down to the system". You have members who have had a single account for over 12 months with no margin call, and over 400% profit.
400% profit in a year, so what? You think that is competent trading? Achild, my grandma, any idiot, any incompetent amateur trader can make that profit. In fact, ANYONE can become a millionaire at Forex simply by opening a big account, putting everything in one single bet, and having price instantly carried in the gamble’s direction by sheer luck.

Competent trading is less about the bigprofits, and more about low risks. The reward only makes sense when weighted against the risk taken. That said, when risking 100% account making those 400% profit requires absolutely no skill whatsoever. The hallmark of competency in trading is the ability to show profit while incurring minimal drawdown. Especially true if over long periods of time, and over a very large number of trades.



Quoting Master_kiwa
Those are guys who are excellent trades. Those are the people who we should try to learn from or have manage our accounts. Not these busters who rationalize everything, but when it comes to trading they can't preform worth a lick.
Yes. Yes. Yes. I can see it clearly now! We all should give our hard earned money to illuminated martingale 'masters' like yourself, so you can gamble it all away. Pretty sweet deal for your likes eh? Gamble with sucker's (*cough cough* investors) money. If you win then good you get to take your cut. If you lose then you lose nothing, the investor gets billed the -100% account LOL. Fantastic deal for you mate! It makes perfect sense now why you were labelled 'commercial member' by the admins. I applaud the admins decision. Obviously, you are here looking for sucker's money to gamble with.

Finally, I am one of those 'busters who rationalize everything', and a proud one too LOL. Thank you for the compliment kind sir Concerning trading performance, if you are that curious if your claims 'when it comes to trading they can't preform worth a lick' are right or wrong then by all means, do some FF search, and you may find the answer. I'm not selling any services though, thank you
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #50
  • Dec 7, 2013 3:28am Dec 7, 2013 3:28am
Quoting vox dei
{quote} 400% profit in a year, so what? You think that is competent trading? Achild, my grandma, any idiot, any incompetent amateur trader can make that profit. In fact, ANYONE can become a millionaire at Forex simply by opening a big account, putting everything in one single bet, and having price instantly carried in the gamble’s direction by sheer luck. Competent trading is less about the bigprofits, and more about low risks. The reward only makes sense when weighted against the risk taken. That said, when risking 100% account making those 400%...
The single most important factor is having control of your own life.
  • #51
  • Dec 7, 2013 9:54pm Dec 7, 2013 9:54pm
Quoting GoogleTrader
{quote} Yes, you're right. There's no holy grail

Quoting Lib3rty
I'm sorry to squash anyone's dreams, but there is no easy way to making a living from Forex.
I would not be so sure about that (check my status and my avatar)

A supreme trading system where you know the probabilities of your win/lose trades and the average profit expectancy.These informations are very valuable, then you can think-backwards and set the Lot size accordingly to that.It's not luck,and certainly not gambling, it's just simple math.Which can give rise indefinitely to sustainable profit with controlled risk forever.

I just happen to have a very good system as described above, i can prove that the holy grail exists after i finish my research on it.
"There's a sucker born every minute" - P.T. Barnum
  • #52
  • Dec 7, 2013 10:52pm Dec 7, 2013 10:52pm
Believe it or not, there is a Currency Tading Holy Grail ...................... at least one.

Unfortunately, a new member who tried to show this to people in Eurusd thread was attacked so brutally by few that he disappeared. But before leaving, gave it to me only for a promise that it will never be made public. He didn't even ask me to pray for him or do something good with the money, etc., plainly a gift for one simple promise. I did some research on that method and finally came to conclusion that this in fact satisfies all the conditions of Holy Grail.

I can only disclose to this extent that he is one of the members who I vouched for, he remained on FF for a very short time, he got very few vouches, it was few years back.

I have yet to use it on a live account, but it works perfectly in theory and in all market conditions with pretty good return and acceptable "risk of drawdown". It has risk of temporary drawdown upto the extent one wants to go maybe upto 40% or 60% of the account balance, but absolutely no risk of a loss. (It is not a Holy Grail if there is a risk of loss, no matter how minor).

I will keep on testing it for few more years, until it is time for me to retire and make currency trading my profession.

I know 99% of you won't believe it, but this is how it is. I still doubt, if the person who gave it to me really knows its power. According to him, he got it from a person who made a Billion Dollars (One Billion US Dollars from trading currencies................. Billion as it starts with B and not M). You can find his this claim/statement in Eurusd thread if you spare sometime and search carefully.
The Thief of Wall Street
  • #53
  • Dec 7, 2013 11:13pm Dec 7, 2013 11:13pm
Quoting Chicky
Believe it or not, there is a Currency Tading Holy Grail ...................... at least one. Unfortunately, a new member who tried to show this to people in Eurusd thread was attacked so brutally by few that he disappeared. But before leaving, gave it to me only for a promise that it will never be made public. He didn't even ask me to pray for him or do something good with the money, etc., plainly a gift for one simple promise. I did some research on that method and finally came to conclusion that this in fact satisfies all the conditions of Holy...
I think this story was really a sarcasm, you are trying to mock us.Or atleast please clarify, since i think it was more sarcastic than a real story.

Also by looking at your performance -97%, its hard to believe you have a system with no loss.Its statistically impossible to do such thing, the market just has its limits you cannot force it.

But a Holy Grail ,or atleast to my definition, doesnt have to be impervious of losses, a Holy Grail means only that its a very very very good trading system that is superior to all the others, and permanently working without needing adjustments.

And it may take losses time to time, but its irrelevant, you can still make as much money with it as you wish because your net win will still be greater than your net loss.

So you dont even need a system that would have 0 losses (not that it is possible,even if it were it would be very rare), you just need a good enough system to make infinite money.
"There's a sucker born every minute" - P.T. Barnum
  • #54
  • Dec 7, 2013 11:20pm Dec 7, 2013 11:20pm
The holy grail does not lie with the trading system, it lies with the money management that you use within that system. That is why some people can take a perfectly logical system and blow it sky high. Stay away from myths like Martingaling in any of it's forms, stay on the right side of the market, and keep all of your eggs out of a single trade and you will get rich soon enough.
If you are good at something, never do it for free--Joker
  • #55
  • Dec 7, 2013 11:21pm Dec 7, 2013 11:21pm
Quoting Proximus
{quote} I think this story was really a sarcasm, you are trying to mock us.Or atleast please clarify, since i think it was more sarcastic than a real story. Also by looking at your performance -97%, its hard to believe you have a system with no loss.Its statistically impossible to do such thing, the market just has its limits you cannot force it. But a Holy Grail ,or atleast to my definition, doesnt have to be impervious of losses, a Holy Grail means only that its a very very very good trading system that is superior to all the others, and permanently...
I always see you are the first one who reads my posts. Thanks for that Proximus.

Please re-read what I said, you missed something I wrote about using it.

As far as my -97% return is concerned, do I look foolish enough to handover all my skills and trading secrets to brokers and greedy indiviuals who lurk around these forums, take a few tips and play with other people's money? Match my calls with what I do on my demo account.............. you will be surprised to note the how different they are. What I write is right and logical, what I do with my demo account is fun, experiment and practice.
The Thief of Wall Street
  • #56
  • Dec 7, 2013 11:25pm Dec 7, 2013 11:25pm
Quoting Chicky
{quote} I always see you are the first one who reads my posts. Thanks for that Proximus. Please re-read what I said, you missed something I wrote about using it. As far as my -97% return is concerned, do I look foolish enough to handover all my skills and trading secrets to brokers and greedy indiviuals who lurk around these forums, take a few tips and play with other people's money? Match my calls with what I do on my demo account.............. you will be surprised to note the how different they are. What I write is right and logical, what I do...
Chicky, I am always interested in some good reading. Can you give the pages that your holy grail guy was on? Or at least some kind of key word to search the thread with?
If you are good at something, never do it for free--Joker
  • #57
  • Dec 7, 2013 11:26pm Dec 7, 2013 11:26pm
Quoting jmn5611
{quote} Chicky, I am always interested in some good reading. Can you give the pages that your holy grail guy was on? Or at least some kind of key word to search the thread with?
Xoden................. If it took me several years to find the basic principle, logic and ways of trading despite he helping me for several weeks with all the worksheets and lectures, it will take 100 years for many to get it without such help
The Thief of Wall Street
  • #58
  • Dec 7, 2013 11:29pm Dec 7, 2013 11:29pm
Thank you very much. I like to track certain kinds of traders. I have seen that with a little work, the "secret" has been revealed here at the factory a few times. Going to go check it out now.
If you are good at something, never do it for free--Joker
  • #59
  • Dec 7, 2013 11:31pm Dec 7, 2013 11:31pm
Quoting jmn5611
The holy grail does not lie with the trading system, it lies with the money management that you use within that system. That is why some people can take a perfectly logical system and blow it sky high. Stay away from myths like Martingaling in any of it's forms, stay on the right side of the market, and keep all of your eggs out of a single trade and you will get rich soon enough.
Yes MM , but i integrate the MM in the system, you cannot separate the MM and the system, they are the same thing.The only key objective is to keep the lot size to a reasonable amount, thats all, the other part of the burden is on the system.If you dont have good RR ratio and Winrate you will fail regardless of MM tehnique.
My tehniques is very elegant and unusual if i can say so.

As for martingaleing, you missed the point.On the martingale thread me and some guys already had a nice discussion, i`m mostly neutral on martingale i know it is not working in long term for practical reasons, and i would never use it in real account, yet i find it interesting to study on a demo account.If you want to talk about that just join the discussion on the "Does the martingale system work" thread.

Quoting Chicky
{quote} I always see you are the first one who reads my posts. Thanks for that Proximus. Please re-read what I said, you missed something I wrote about using it. As far as my -97% return is concerned, do I look foolish enough to handover all my skills and trading secrets to brokers and greedy indiviuals who lurk around these forums, take a few tips and play with other people's money? Match my calls with what I do on my demo account.............. you will be surprised to note the how different they are. What I write is right and logical, what I do...
True, but you have to show atleast some evidence, even if you dont want to disclose your system, with which i agree completely with you, if you state that you have something ,you have to prove it otherwise why bother even mentioning it in an online forum, that is why i though it is sarcastic
"There's a sucker born every minute" - P.T. Barnum
  • #60
  • Dec 7, 2013 11:59pm Dec 7, 2013 11:59pm
Quoting Proximus
{quote} ................. True, but you have to show atleast some evidence, even if you dont want to disclose your system, with which i agree completely with you, if you state that you have something ,you have to prove it otherwise why bother even mentioning it in an online forum, that is why i though it is sarcastic
My Friend ................................. I cannot break my promise. As mentioned earlier in my several posts, I will never give out my best method. However, there are few other methods I shared that are good enough to remain consistently profitable. But I will disclose this mehtod one second after Cocacola discloses their secret formula, that's a promise.................. Don't forget trading is a business.
The Thief of Wall Street
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