"Updated: November 08, 2014
Good News to all
Do Holy Grail methods exist? Yes, they do. This is the good news.
To get the complete context of this post, please check my profile. It gives the history of my struggle in book-making and trading business. This struggle started in 1978.
I am a finance professional, a Chartered Accountant, worked with topmost accounting firms for years. My work as a Business Consultant took me to over 40 countries helping one of the leading US companies in strategic planning and risk management of their international operations.
Got attracted to trading when I carried out a stock market assignment for Mark Mobius providing market information and analysis to Templeton Galbraith and Hansberger in 1992/93. Later, around 1995 accidentally came across forex trading and focusing solely on this market since then trying to find a Holy Grail System (a system that has zero or almost zero risk with reasonable reward).
Five years ago, in 2009 a trader gave me a system that he claims had earned one Billion dollars for the inventor in about 10 years. Extensively researched on this method. Removed what I thought was not relevant because the inventor never gave the pure method to the trader he hired to execute his trades. I got this method from that trader of his as an inferred method. I subjected this method to many stress tests in different market conditions. The last of such test was on my USD/JPY short, a 1,000 pip trade. It first went in my favor for about 350 pips and then turned against me. This is what I was looking for, that is, what happens if a trade goes against me. The pair went about 500/600 pips against, giving me all the opportunity to test the method. My net gain on this "losing" trade is about 3.5%. Proving strength of this method.
I started this thread few months ago and don't exactly remember what I have posted in this thread from time to time. These were my thoughts at the time of writing. My posts after this date, that is, November 08, 2014 are the ones, that are most relevant. I don't say what I posted before that date are totally irrelevant. In fact, I have described the complete philosophy of this method in my posts here.
There are many who have contributed their best on Forex Factory. This is my best.
I am under an obligation never to disclose this method. Even if there was no such promise, I would still not have disclosed this method in a public forum. This is result of my work, my labor, my pain, my sleepless nights, my tears, and my money. I will disclose this method only if Coca-Cola discloses its Coke formula. You people should acknowledge my copy/trade or whatever rights I am entitled to this method. Yet, I am a sincere person and open to advise anyone who seeks help in trading. Will disclose only up to the extent that is not injurious to my interests. "
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The original post written at the time of thread start:
The objective of this thread has been achieved with your help. Here is the link to the post concluding this search but I expect posters to keep on expressing their views http://www.forexfactory.com/showthre...80#post7622480
I am NOT a professional trader but have deep interest in foreign currency trading. Have spent many years in this market and have developed and tested countless trading methods, also tested methods invented by others.
I don't know how much and what is true in whatever is posted or claimed here. When I say I don't know, I honestly mean I ha
I have no means to check accuracy or otherwise of these claims. Therefore, all who claim 3% a year to 3,000% a year are innocent until proven guilty. However, everytime I read a claim about a system that is consistently profitability or profitable out of proportion, I start doubting those claims if they do not mention downside of such systems.
I tested several Forex Trading myths or general believes. Without prejudice to anyone believing on these myths, my experience tells me that they may or may not work. When I say myths or believes, these include, but not limited to the following:
1. Fibs work
2. R:R should not be less than 1:1
3. Put a stoploss
4. Don't put a stoploss
5. Realize partial profits
6. Go for big swings
6. Trendline or Support / Resistance Break-Out Trading (Thanks to Jesse Livermore for this)
7. Range Trading
8. It is game of probability (Thanks to Mark Douglas for this one)
8. Trend is your friend (Everyone saw what happened to Wayne Jacko.)
9. Cut your losers and let your winners run .........(and let them as well turn into losers so that we could finally cut them), etc. etc.
I don't say these myths work or they do not work. I simply say I don't know if they work or not.
Thanks to FF Thread Moderator who modified a bit the title of this thread to make it more appropriate. It sounds better.
I will try my best to keep this thread as clean and useful as possible contributing only what is good and logical.
Good News to all
Do Holy Grail methods exist? Yes, they do. This is the good news.
To get the complete context of this post, please check my profile. It gives the history of my struggle in book-making and trading business. This struggle started in 1978.
I am a finance professional, a Chartered Accountant, worked with topmost accounting firms for years. My work as a Business Consultant took me to over 40 countries helping one of the leading US companies in strategic planning and risk management of their international operations.
Got attracted to trading when I carried out a stock market assignment for Mark Mobius providing market information and analysis to Templeton Galbraith and Hansberger in 1992/93. Later, around 1995 accidentally came across forex trading and focusing solely on this market since then trying to find a Holy Grail System (a system that has zero or almost zero risk with reasonable reward).
Five years ago, in 2009 a trader gave me a system that he claims had earned one Billion dollars for the inventor in about 10 years. Extensively researched on this method. Removed what I thought was not relevant because the inventor never gave the pure method to the trader he hired to execute his trades. I got this method from that trader of his as an inferred method. I subjected this method to many stress tests in different market conditions. The last of such test was on my USD/JPY short, a 1,000 pip trade. It first went in my favor for about 350 pips and then turned against me. This is what I was looking for, that is, what happens if a trade goes against me. The pair went about 500/600 pips against, giving me all the opportunity to test the method. My net gain on this "losing" trade is about 3.5%. Proving strength of this method.
I started this thread few months ago and don't exactly remember what I have posted in this thread from time to time. These were my thoughts at the time of writing. My posts after this date, that is, November 08, 2014 are the ones, that are most relevant. I don't say what I posted before that date are totally irrelevant. In fact, I have described the complete philosophy of this method in my posts here.
There are many who have contributed their best on Forex Factory. This is my best.
I am under an obligation never to disclose this method. Even if there was no such promise, I would still not have disclosed this method in a public forum. This is result of my work, my labor, my pain, my sleepless nights, my tears, and my money. I will disclose this method only if Coca-Cola discloses its Coke formula. You people should acknowledge my copy/trade or whatever rights I am entitled to this method. Yet, I am a sincere person and open to advise anyone who seeks help in trading. Will disclose only up to the extent that is not injurious to my interests. "
------------------------------------------------------------------------------------------------------------------------------------------------
The original post written at the time of thread start:
The objective of this thread has been achieved with your help. Here is the link to the post concluding this search but I expect posters to keep on expressing their views http://www.forexfactory.com/showthre...80#post7622480
I am NOT a professional trader but have deep interest in foreign currency trading. Have spent many years in this market and have developed and tested countless trading methods, also tested methods invented by others.
I don't know how much and what is true in whatever is posted or claimed here. When I say I don't know, I honestly mean I ha
I have no means to check accuracy or otherwise of these claims. Therefore, all who claim 3% a year to 3,000% a year are innocent until proven guilty. However, everytime I read a claim about a system that is consistently profitability or profitable out of proportion, I start doubting those claims if they do not mention downside of such systems.
I tested several Forex Trading myths or general believes. Without prejudice to anyone believing on these myths, my experience tells me that they may or may not work. When I say myths or believes, these include, but not limited to the following:
1. Fibs work
2. R:R should not be less than 1:1
3. Put a stoploss
4. Don't put a stoploss
5. Realize partial profits
6. Go for big swings
6. Trendline or Support / Resistance Break-Out Trading (Thanks to Jesse Livermore for this)
7. Range Trading
8. It is game of probability (Thanks to Mark Douglas for this one)
8. Trend is your friend (Everyone saw what happened to Wayne Jacko.)
9. Cut your losers and let your winners run .........(and let them as well turn into losers so that we could finally cut them), etc. etc.
I don't say these myths work or they do not work. I simply say I don't know if they work or not.
Thanks to FF Thread Moderator who modified a bit the title of this thread to make it more appropriate. It sounds better.
I will try my best to keep this thread as clean and useful as possible contributing only what is good and logical.
The Thief of Wall Street
