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Statistical Gambling System (High Winrate, but NO EDGE)

  • #141
  • Jan 22, 2014 9:15am Jan 22, 2014 9:15am
Quoting Mikkk01
{quote} {quote} {quote} Pretty much what I was saying many times here... P.S. Never thought I share some ideas with Magix...

Mikk,

When presented with actual information, similarity of opinions is an expectation, not exception.

Keep on, keepin on, Mikk.

You're coming along nicely!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #142
  • Jan 22, 2014 9:15am Jan 22, 2014 9:15am
Quoting Mikkk01
{quote} {quote} {quote} Pretty much what I was saying many times here... P.S. Never thought I share some ideas with Magix...
Before magix put in his theory on martingale I did post my thoughts on it and they are the same as his.
But it saddens me to see people trying to trade a method with BIG ideas but can this be done realistically using money. can it sustain you to live off.
As for Proxy, I think he is one fine dude with a flair for adventure, he'd be a great pirate or explorer and he is so full of jest (aha I bet you thought I'd say shit) anyway I told him I'd share a few thoughts on his gambling thread as I went through that phase, I must admit they are a big seller though, Be good trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #143
  • Jan 22, 2014 9:24am Jan 22, 2014 9:24am
I said yesterday that smoke is coming. It has already come. Keep on the fighting.
  • #144
  • Jan 22, 2014 9:26am Jan 22, 2014 9:26am
Quoting promisedea
I said yesterday that smoke is coming. It has already come. Keep on the fighting.
lol, same person doing it. Nice return you have
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #145
  • Jan 22, 2014 9:29am Jan 22, 2014 9:29am
Quoting billytt
As for Proxy, I think he is one fine dude with a flair for adventure, he'd be a great pirate or explorer
That's all good but if I were him I'd prefer to get valid information and use it. Trading ain't that easy to lose precious time having fun. It's business - for money firstly. Nothing wrong with you messing around charts if retired - he's not.
Quoting billytt
he is so full of jest (aha I bet you thought I'd say shit)
LOL
Oh yeah - you won your bet

The only thing that I see as 'negative' about you is that you couldn't recognise the overwhelming stupidity of Turvy. And that's what I'm cautious about...
The single most important factor is having control of your own life.
  • #146
  • Jan 22, 2014 9:54am Jan 22, 2014 9:54am
Quoting Mikkk01
{quote} But he doesn't know the basics! [many of them at least] And I highly doubt anybody can trade successfully without even knowing stuff from babypips.
I agree, are you speaking about magix or Proxy. That's is why I have already offered to help him after he has tried trading this method
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #147
  • Jan 22, 2014 10:03am Jan 22, 2014 10:03am
Quoting billytt
{quote} I agree, are you speaking about magix or Proxy. That's is why I have already offered to help him after he has tried trading this method
I already said that I agree with Magix. Proxy needs to learn - not at all keeping on with what he's currently into...
The single most important factor is having control of your own life.
  • #148
  • Jan 22, 2014 10:08am Jan 22, 2014 10:08am
Quoting Magix
{quote} Dude. Quit making a mess of my charts. And if this is a forecast...maybe you forgot that you weren't in the price predictability thread.
lol, I was adding input. How many people watching will be thinking and hopefully check out PAST LEVELS, hopefully mainly hourly - daily
Price predictability thread, I did ask questions but never got a satisfactory answer but I did have input made trades just for them but alas it seems a lot of people like doing grid no stop loss,stop loss ,holy grail , pooh in the pan ALL synonyms of LOSER, be good friend, I will help you if you ask, be good, do not ruin Poxys thread
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #149
  • Jan 22, 2014 11:14am Jan 22, 2014 11:14am
Proxy, to keep you informed..
Attached Image (click to enlarge)
Click to Enlarge Name: oil chrt.PNG Size: 96 KB

oil chart, circled are indecision times, and line is a level. I have zoomed out a lot so you can see. These can be traded and they go for hundreds of pips.
even with no stop loss if you are with the trend. no grid no adding to, just plain going with the big boys


edit time,,,, these indecision times are similar to your boob method,, I omit from commenting on volume due to it being in the brokers hands but I reckon if you stick with same broker volume kindie it can be worked
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #150
  • Jan 22, 2014 11:25am Jan 22, 2014 11:25am
add on,, the chart I just posted , the horizontal lines on it are for my benefit as I am doing a scalp as we speak.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #151
  • Jan 22, 2014 12:32pm Jan 22, 2014 12:32pm
I was in an oil scalp not long ago and for some reason the trade was closed but not by me. SPOOKY, I was long at the time and not actually making anything

AND looking at the oil chart we have a long area of nothing happening WHICH MEANS (even my dog knows)
SOMETHING WILL BREAK
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #152
  • Jan 22, 2014 12:38pm Jan 22, 2014 12:38pm
Quoting billytt
I was in an oil scalp not long ago and for some reason the trade was closed but not by me. SPOOKY, I was long at the time and not actually making anything AND looking at the oil chart we have a long area of nothing happening WHICH MEANS (even my dog knows) SOMETHING WILL BREAK

After every nothing, there will ofcourse be something, the question is, which direction ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #153
  • Jan 22, 2014 12:43pm Jan 22, 2014 12:43pm
pause.PNG

which direction you ask T, I have no idea. One would assume it will follow the trend (easy) failing that set your entry high/low plus a few pips if needed then go for it. But if you don't have a stop loss it wont matter because if it goes ape one day it will return. like haleys comet
Attached Image (click to enlarge)
Click to Enlarge Name: pause.PNG Size: 64 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #154
  • Jan 22, 2014 12:49pm Jan 22, 2014 12:49pm
that oil chart, if it goes for a few hours with being flat hopefully an inside bar would appear and then I would of traded off it not too long ago, the trend is up but we talking oil so it isn't a certainty, maybe a short time frame will give a clue before the hourly chart gets a trigger
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #155
  • Jan 22, 2014 12:50pm Jan 22, 2014 12:50pm
Quoting billytt
pause.PNG which direction you ask T, I have no idea. One would assume it will follow the trend (easy) failing that set your entry high/low plus a few pips if needed then go for it. But if you don't have a stop loss it wont matter because if it goes ape one day it will return. like haleys comet {image}

M15 trend might get you a 60% win rate, but if you smart and get in low of the nothing area you could have quite a small SL, making the R:R very nice indeed.

.,
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #156
  • Jan 22, 2014 1:00pm Jan 22, 2014 1:00pm
T , yes indeed
Attached Image (click to enlarge)
Click to Enlarge Name: last.PNG Size: 41 KB

this chart on hour time frame, we actually do have an inside bar BUT was it breached??? the following bar was exactly level with the mother bar. Some traders perhaps would of traded it aggressively for a short perhaps even me at one time, but without the stats I would wait for it to be visually seen

chart is OIL
edit again, AND it is over bought and between 2nd and 3rd resistance not that that ever bothered me lol. the pc would of picked up on it though
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #157
  • Jan 22, 2014 1:45pm Jan 22, 2014 1:45pm
Quoting billytt
T , yes indeed {image} this chart on hour time frame, we actually do have an inside bar BUT was it breached??? the following bar was exactly level with the mother bar. Some traders perhaps would of traded it aggressively for a short perhaps even me at one time, but without the stats I would wait for it to be visually seen chart is OIL edit again, AND it is over bought and between 2nd and 3rd resistance not that that ever bothered me lol. the pc would of picked up on it though

It's going up mate, end of story, look for a place to join it where your SL is acceptable and job done.

Your putting to much faith in candles there, KISS baby!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #158
  • Edited 2:31pm Jan 22, 2014 2:12pm | Edited 2:31pm
Quoting Turveyd
{quote} It's going up mate, end of story, look for a place to join it where your SL is acceptable and job done. Your putting to much faith in candles there, KISS baby!!
sorry bud, but one fails to agree with thee. I was long earlier before it was closed but that is now history. I do keep it simple. a candle is a candle. open-close-high-low uk time. My old pc software could make its own candles , smart thing..
I can predict though that it will go higher I cannot say when, it only needs to drop say 20 pips and that is ok with me and what ever it does after that is the future.. We shall see what happens

edit.. anyway nothing has been triggered yet re oil. How about if we long and short it at same time lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #159
  • Jan 22, 2014 3:38pm Jan 22, 2014 3:38pm
Hi Prox

Thanks for the information you provided, I am putting my own flavor on your system (including a SL), and so far so good, will continue to forward test. Unfortunately, I find nothing else of interest to me here, so time for me to move on.

All the best to you and all other traders in here.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #160
  • Jan 22, 2014 8:04pm Jan 22, 2014 8:04pm
1% a day not bad at all.
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