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Simple, Non-subjective, Consistent, Effective

  • #381
  • Feb 26, 2014 7:08am Feb 26, 2014 7:08am
Quoting zxdtrader
consistency, it's a property of the trader, 2 traders trade the same system will get very different results, want living proof? google 'turtle trading strategy'.
Exactly my point.
Thanks ZXD.
  • #382
  • Feb 26, 2014 9:48am Feb 26, 2014 9:48am
Quoting zxdtrader
well said, well said, Tradista. yes, there is no short cut.......
FFSk, I'm getting annoyed now. Who has asked for a 'Short Cut'? Show me? I certainly haven't. All I asked (if you could be bothered to read) was a simple question if anyone has done enough testing on this system to prove it viable and worth investing time in to perform my own analysis.

The kind of answer I was looking for was, either....."Yes Erinsunc. I've been following this since January and on the whole it looks like it's worth investing time into" or how about this as an answer "No, Erinsunc. I've been following this since January and to be honest I've not been getting the results I expected. Not too sure why but the OP having fecked off doesn't exactly help the cause".. That's all I was expecting. Even no reply at all would of been ok but all I get is a barrage of useless, uninformative patronising shyte from people that are obviously no better than me at trading trading otherwise they wouldn't be here in the first place.

Honestly people. Quit with this "Holier than thou" attitude. Life is too short. It's almost as if knowledge is power. FFSK you think I was asking you to come to my home and click on my and take trades for me.

Sorry I bloody asked.
  • #383
  • Feb 26, 2014 10:31am Feb 26, 2014 10:31am
Quoting Erinsunc
{quote}... shyte from people that are obviously no better than me at trading trading otherwise they wouldn't be here in the first place.
Glad you got to the bottom line

BTW Ask a trained runner his opinion about running 3 laps around a particular stadium... can it be done? Could he do it? Could you do it? what do you think would be his answer? The point is, it depends on who is doing it... so there's no point in asking...
No need to get annoyed.

I'm done with this thread. Happy trading to all.
  • #384
  • Feb 26, 2014 5:23pm Feb 26, 2014 5:23pm
Quoting Erinsunc
{quote} FFSk, I'm getting annoyed now. Who has asked for a 'Short Cut'? Show me? I certainly haven't. All I asked (if you could be bothered to read) was a simple question if anyone has done enough testing on this system to prove it viable and worth investing time in to perform my own analysis. The kind of answer I was looking for was, either....."Yes Erinsunc. I've been following this since January and on the whole it looks like it's worth investing time into" or how about this as an answer "No, Erinsunc. I've been following this since January and...
What more you need to know?
When you ask a simple question and nobody is giving you a simple and straight answer, and all you get is the usual mumbo jumbo crap....isnt that clear enough?

On the other hand, since you brought it in discussion, im curious...have you done any testing and found any system here that was proven viable and worth investing time in it?
That would be an extraordinary discovery :-)
  • #385
  • Feb 26, 2014 6:49pm Feb 26, 2014 6:49pm
Quoting Erinsunc
Agreed, it takes a long time. 90% of my time is taken up back testing. So in essence what I think you are saying is that given that there is no historical proof of success, that the OP has put forward an idea for a system rather than a system itself. I'll go with that. I guess I could start a thread myself called, "Trade The Doji".... The rules are very simple, trade every Doji on the higher TF's (4H and above) and treat it as a reversal signal. Set SL at the High/Low + 5 pips and a TP in the reversal direction of (R:R) 1:4 & locking BE at 1:1....
I am here and have been the whole time. Although I do not check the thread everyday, I have read every single post. I am still trading (and yes, this SAME strategy, have been for a long time and will continue to do so, unchanged), and have other interests that take up the rest of my time (no, not sitting on a beach with a drink. I have a real life). Sorry if I don't post very much anymore, but I've already given the entire strategy in the first post. And haven't seen any major questions that needed answering beyond the first few pages. If you've posted a question that hasn't been answered, it probably means you're overthinking things, and the answer is already in the thread. I just don't want to keep repeating myself, that's all. No disrespect intended. You've all seemed to be posting and trading and carrying the thread along fine in good spirits (although a little short-sited on take profits), well done. Up until the last few pages. It's starting to become more of an argument and not so much trading. Such is the fate of most FF threads I guess. That's ok. At the same time, there's also a fine line between a good debate and an argument.

I do not understand what you want me to 'defend', or why I am required to do so in the first place. I've clearly stated multiple times that this strategy works for me, explained how the strategy works, and now go do what you want with it. It will be different for everyone whether they change the rules or not. I am about trading, that's all. Not boosting my ego, or getting subscribers, or bickering on message boards. I've also already done my own work, no 'legwork' from internet strangers needed. You are the kind of FF poster that keeps me from posting more than I'd like sometimes. Ironically, here I am, quoting one of your posts...

To all that have shown general interest and understanding of this strategy, and who've kept this a peaceful thread up until recently, thank you.
  • #386
  • Feb 26, 2014 9:12pm Feb 26, 2014 9:12pm
Quoting nasko
I think that there has been some institutional buying here Looks like we are going to have a nice GBP GDP surpise {image}
the 4H long wicks both up and down made me uncomfortable taking that trade. anyway, the high of the 4H was not broken, thus no trade at all.

what is interesting now is the first 4H closed in Asian session. 2 bar engulfing. i will take this one.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD4H.jpg Size: 152 KB
  • #387
  • Feb 27, 2014 12:51am Feb 27, 2014 12:51am
no momentum, although the high of the 2nd 4H of the day slightly overshoot the 1st 4H by less than a pip, trade didn't trigger for 5 pips buffer. 2nd 4H down candle invalidated the order. see if 3rd 4H closed engulfing 2nd 4H. no hurry rushing into a trade.
  • #388
  • Feb 27, 2014 1:01am Feb 27, 2014 1:01am
Hi Ap3,

glad u r here I believe the ones that understand the beauty of the system will

continue using it, while the others will try to find ways to disprove it. It's the same

in life- just a different point of view. But I believe it is better to concentrate on finding

the next "great trade".

Again, great job man!

Chrz
  • #389
  • Feb 27, 2014 1:04am Feb 27, 2014 1:04am
Quoting zxdtrader
{quote} the 4H long wicks both up and down made me uncomfortable taking that trade. anyway, the high of the 4H was not broken, thus no trade at all. what is interesting now is the first 4H closed in Asian session. 2 bar engulfing. i will take this one. {image}
Hi ZX,

I am looking at the same pair and scaled down to 1H, which looks promising. The

only obstacle I see is the level- 6670, or where the monthly resistance is.

It has been the reason why price has been just range-trading recently.

But let's see what PA will show us.

Chrz
  • #390
  • Feb 27, 2014 1:27am Feb 27, 2014 1:27am
good morning nasko,

i normally don't trade EURUSD, but i think yesterday down candle is very interesting, it closed exactly at my weekly support 1.3685. i am looking for a short entry if bearish 4H engulfing candle formed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD1D.jpg Size: 147 KB
Click to Enlarge Name: EURUSD4H.jpg Size: 127 KB
  • #391
  • Feb 27, 2014 1:32am Feb 27, 2014 1:32am
HI ZX,

I have noticed that, have a look at the AUD/USD- same story there

I was just wondering about it, but in general these S/R areas might be

tricky, so I am looking for a retest first before entering, otherwise might

have too many fakeys

but let's see m8
  • #392
  • Feb 27, 2014 1:37am Feb 27, 2014 1:37am
By the way ZX,

I am looking at the NU for an engulfing- I believe that pair

might have some potential for a nice move up- middle of the range and

an upside momentum- just waiting to see a close on the 1H chart. I am

indeed watching a few pairs at the same time, but this one looks it might

form a BULF in about 25 mins let's see
  • #393
  • Feb 27, 2014 1:45am Feb 27, 2014 1:45am
yes, i agree with you. fakeys are bad and S/R lines are subjective.

the down candle of yesterday could only mean a small correction as overall in the past few weeks it was going up.

this is indeed a counter trend trade if it happened.
  • #394
  • Feb 27, 2014 1:47am Feb 27, 2014 1:47am
Yeah, I agree man,

otherwise when u mentioned EUR, made me look at EJ- looks like we've got an

engulfing bear on the 4H and another one trying to form on the 1H and just got one

on th 15M
  • #395
  • Feb 27, 2014 1:49am Feb 27, 2014 1:49am
The only problem with EJ is that it is in an uptrend and it just doesn't

feel really comfortable trading counter, but who knows- the signal is there
  • #396
  • Feb 27, 2014 2:04am Feb 27, 2014 2:04am
ZX, stop shorting this EJ

daaamn, someone pushed this red button literally seconds

after I posted my last thread
  • #397
  • Feb 27, 2014 2:08am Feb 27, 2014 2:08am


it moved down fast breaking yesterday's low at 1.3660. still about 2 hours to complete the 4H candle for me. i will wait and hopefully it does not drop too much, leave me some pips, LOL
  • #398
  • Feb 27, 2014 2:14am Feb 27, 2014 2:14am
Heheh,

just went long NZD/USD

found a nice low risk setup - totally missed the EJ-

maybe as u said 4 H would be next opportunity, but let's

see ....

maan, this EJ was fast
  • #399
  • Feb 27, 2014 4:00am Feb 27, 2014 4:00am
EURUSD 4H is about to conclude, closed below yesterday low. i am going to short this one.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD4H.jpg Size: 135 KB
  • #400
  • Feb 27, 2014 9:44am Feb 27, 2014 9:44am
Hi .. nice to see you again AP3, your system is good, but each has its own way of dealing him, who is like around here who do not like simple, goes away, I'll stay!
Here in this trade is a retraction then rejecting the day's low.

Attached Image (click to enlarge)
Click to Enlarge Name: 34 USDJPY H 1.png Size: 13 KB


JVBS
Work very hard until you get there (excuse my english)
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