The magical mystery tour of the divine markets

Having mainly lurked on FF for a good while I have decided to share my trading methodology to help my fellow traders. I have studied the art of internet forum trading for over a decade and think I have finally got the hang of it. I believe in Karma (and have also met his wife). In life you have to pay it forward, plus I think it's high time I got some gullible newbies to forward test this load of rubbish because, frankly, I can't be bothered. What else? Oh yes, some mumbo- jumbo about God always goes down well, so: God is my guiding light as the markets are divine and may the angels guide you in your quest.

So without further ado. Here are the rules of the method. please feel free to comment, add questions, post charts, add indicators, whatever you wish. As you all know, 95% fail and that includes all of you and also myself. Did you know that there are maybe 5 consistently profitable professional traders in the entire world, against however many other market participants? ALL go broke in the end. Now, how many people have won the lottery? Yes folks, your odds of winning the lottery are in fact better than you a small time retail trader with a $10,000 dollar account EVER becoming successful as a trader. And yet you still try! Because somehow, against all the odds, you, a clueless retail trader with a free copy of MT4 and some graphs are SPECIAL. You are the one who is going to make it and become FREE. Free and more importantly, RICH! Free from the drudgery of the day to day of sitting in an office, staring at a PC for 8 hours plus every day, free from the rat race, your own person, not subject to the whims of anyone, in charge of your own destiny. Hey, I'm merely trying to spread the love. Plus, of course, if all goes well the thread will run to 2000+ posts of utter nonsense and confusion and I might be able to start some side vendor thing off it - maybe a private forum or something? At least sell some PDFs on Ebay anyway.

While teaching full time on FF, generally pontificating, changing rules to please, posting hindsight charts etc and pointing you all in the right direction, I will also be working a full time job for my employer, running a successful business, operating as a property developer and entrepreneur and having an affair on the side. All of these are possible once the realities and freedoms of being successful in the Forex transpire.

So rules: these are specifically designed to be ambiguous and incomplete.

1. Monthly charts for analysis
2. Entries based on yearly outside bars
3. Also take note of the 7 minute, 35 minute, 5 hour, 19 hour, 3 day and 5 week charts....that should do it
4. Enter when you feel like it in any direction
5. Use a stop loss of no more than 7 pips plus spread
6. Your aim is to keep taking losses until you don't, i.e. you must run your winners, you do this by closing losers at 7 pips and never closing winners, not ever
7. Once you don't take a loss, never close the trade, not ever, until the high or the low of the year in the opposite direction is reached.
8. Only trade in the direction of the trend. Define this anyway you like: I can then always argue you were trading against the trend when it all goes wrong for you
9. Any indicators can be used as you see fit: after all they are all completely useless.
10. Things such as margin, leverage, rollover costs, opportunity costs, scalability etc are all completely irrelevant.
11. You must sit and monitor your trading screen 24 hours a day for this to work
12. Psychology, discipline and money management are very very very important. Make sure you've read Trading in The Zone, Elder, Gann, Darvas, O'Neil, Dow, Wyckoff, Elliot, Nison, Ross, Mystic Meg etc then throw them in the bin. They're utter drivel!
12. Keep on dreaming

Is that unclear enough?

Good

Charts to follow.

You made my day

lol. the 7 pip methodology and yearly outside bar thing might actually work. maybe you just have to close all trades at the end of the year. haha.

As many as you can get are also allowed for this method: we're here to realise that it's all a game and that there are no winners.
Charts to follow

I got bored LOL.

P.S. GU was an outside bar last year, does it mean we get downtrend for the entire year!?

brilliant

OK. This is the yearly chart.
This is your market map. Your aim is to always position yourself at the extreme of the market - that way you can get in and literally hold for YEARS off a 7 pip stop

Of course, unless price hits the all time high. Then go short.

No. You did not just share the holy grail with everyone, now how do I make my pips.

you're selling something aren't you? I can tell by your tone

Why short when the trend is up? Price is at an all time high. The greatest chance of entering with 7 pip stop is from where it's likely price will go no higher. Do you want to buy/sell retail or wholesale? Which direction has the greatest potential? Did you want to be long from the low? Of course. Can you afford to position yourself from the all time low and hold? Of course not. No one currency can go up or down against another currency forever, never going to happen. Maximum potential is from the high or the low. So when at an all time high, go short, all time low, go long. Other than that, trade the trend.

not yet
got to build up my customer base first

It does work. I ran the stats.

10 pips sl and 250 pips tp is the x-factor I backtested it for you master...

What pairs did you back test this on ?

all we need now is an EA...and we are all set for life

Then add in money management. If you close a single position. Reopen from the high or low extreme on a min 75% ret, still only risking 0.5% of capital but resized with your winnings. You can have it ALL :nerd:

All, there can only be one highest high and one lowest low. Price moves thousands of pips between the two. 7 pip stop, 0.5% risk, infinite gain.

You can't do it with an EA, they can't do visual comparisons and you can't program pinning the tail on a donkey while blindfolded and smashed on mocaine. Not yet anyway.