Swing Trading with Heiken Ashi and Stochastics - updated

Here's a little something for you. Cadchf, nice trend, nice pullback, nice support. No guarantees but I'm watching this for a buy signal.

Well it's fair to say I am not blazing a trail with the trade explorer but on the bright side my maximum drawdown is still less than 5%. The current open jpy trades have some promise and I just need to keep trading and this dry spell will come to an end sooner or later.

I will be posting a weekly analysis in the free section of my forum at http://edwardmunroe.com Come and take a look. It's free to register and access most of the site.

Just posted the weekly analysis.

Just found this online...

“Do not watch the petals fall from the rose with sadness, know that, like life, things sometimes must fade, before they can bloom again.”

Has a certain meaning for me at the moment!

Hey Hugh,
I follow your thread out of morbid curiosity and have visited your wildly popular web-site. It was a bit much for me to take it all in. Your attack and mud slinging on Raghee Horner's thread got me interested in looking again at YOUR "method". After all if you can criticize a well-known trader such as Raghee Horner then surely I have missed something about your method. I'm fairly sure your method is nothing short of fantastically profitable or at least a little bit profitable but I would love to see some verifiable results proving this over the long-term. I've done some back-testing on your method but I just can't make it work. You've mentioned that you have clients. Wow you trade OPM with this method! Awesome!!! I know clients accounts are confidential. Perhaps you could compile an anonymous results profile of these accounts. You don't have to mention names or anything like that just results. No big deal. Sort of like a mutual fund publishing there ROI over the last month, 6 months, 1 year, 3 years, etc. etc.

I reviewed your Trade Explorer. So far profitable for the last uhhh, month or so. Good Job Hugh!

Hi Hugh,

The recent trades are going in your favour, finally. You just need few good trends to wipe out all your losses. And Thanks for the honest review in Raghee's thread.

To: Mr. Winston Reed
Atleast Hugh is putting his money on the line to prove his system works. If Ms. Raghee is "well-known" trader why cant she open a trade explorer to show her method works?

Keep on following Hugh's Trade explorer and see where it goes in a year. This is not a get rich quick system.

Again out of sheer morbid curiosity I have been following this thread for some time. I'm not going anywhere so I will continue to do so. Raghee Horner has already explained how one can verify her trading ability and profitability. A Trade Explorer is not the only way to do so. A TE while noteworthy proves nothing unless it has been active for several years. So far Hugh's TE I believe represents about one month. So far I have seen no long term verification that Hugh's method is profitable and I see no evidence that his method "works". Yet he craps on someone else's thread demanding performance verification when he can do no such thing with his own method. In her thread Raghee only intended to explain and clarify her method. She did not promise profits. Slinging mud in her thread is low, low, and lower. I will agree with you that this is not a "get rich quick system". It is more likely a slowly erode your account system. But we will see. I will eat me words if this system proves profitable over the long term. But long term is not 6 months to a year. More like 3 years. But even given this I will take notice if it is significantly profitable at 1 year. Like I said I'm not going anywhere.

Whatever mate. Firstly my trade explorer has only been running for less than 2 months and secondly if you think that a 5% drawdown in a trading system is unusual or even somehow an inherently bad thing then you've still got a long way to go.

I stopped trading opm ages ago and have never made any claims about the profitability or otherwise of that trading.

All I know is that I am at least putting my money where my mouth is.

I've seen your shit systems where you don't even know how an macd is calculated.

Now fuck off and take your pathetic comments somewhere else.

Point proven. Only running for 2 months yet you find it credible to challenge someone else who has been trading much longer than you. You cannot demonstrate any proof that your method is remotely profitable yet your trash someone else. No need to go further. You can dish it out but you can't take it. You threw the dirt first. I only threw it back at you. So you f---- off and keep your pathetic comments in your own thread. P-A-T-H-E-T-I-C is right.

I've always known your method was not profitable. Again, it's just morbid curiosity.

I'm not a commercial member. My threads have been posted merely to throw out ideas. Not to submit supposedly profitable methods, systems or strategies to unsuspecting newbie traders You however have posted in the COMMERCIAL section where the assumption by many is that you have a profitable system. Therefore the burden of proof of profit potential is much higher. So far you have submitted no proof of profit potential. This is because profit potential is ZERO. If you post in this section and admit that your method might not be profitable then you are really taking OPM for nothing except to read your BS on your website which amounts to nothing more than a blog. Also many get suckered into buying your ebook on Amazon.com. Admit it Hugh. You have a profitless method and are taking OPM. You may be profitable but not by trading. You are truly pathetic.

So you'd rather listen to someone who has no proof and is not even attempting to provide proof? At least I am attempting to provide proof and over time we will see how profitable my system is.

Mate, you have a lot of growing up to do.

Hugh,
Contrary to your assumption that Raghee has no proof she has some evidence of successful trading as stated in her thread. You on the other hand have none yet you challenge her as if you did. If you had proof of success then your challenge would be valid. As you have said you are ATTEMPTING to provide proof. Raghee barely has 3 pages where she is merely trying to present her method and you (an unprofitable trader with an unprofitable method and an ultra-short term TE) issue a challenge before she even has a chance to fully explain/clarify her method. Perhaps it has occurred before but this is the first time I've seen one commercial member challenge another as ridiculously as you have. It is all the more hilarious that the challenger (Hugh Briss) has no verifiable record on which to base such challenge. You say "no offence Raghee" but look at the following statement below. You obviously meant to offend. You submit a SINGLE review from an obviously disgruntled individual in an attempt to discredit Raghee. I have grown up plenty enough to know a full-blown hypocrite such as you Hugh.
Following is the post by Hugh Briss to Raghee Horner's thread: Read and make your own judgement.

Quoting Raghee Horner
{quote}I'm a huge fan of transparency and live it however and - not to harp on it - but my TFF subscribers see my trades, wins/losses, capital...all of it...straight from my MT4 Terminal.
Then put your money where your mouth is... let's see a trade explorer on forex factory.
People... Don't trust anyone who wants to take $147 a month from you before you have seen full verifiable results. There are too many of these people who rely on reputation alone to take your money.
No offence Raghee but I have looked around and far from there being proof that you can do what you claim there appears to be plenty of evidence to the contrary.
This is a good one from forex peace army...
Rajeev Kulkarni, Connecticut
Rating:
Date of Post:2010-03-12
Review:I was a student at Raghee's bootcamp for forex traders.
You know the sad fact is that she does have a lot of valuable information to improve your approach and preparation to trade the forex market.Her methodology permits you to have a very focused, reassuring viewpoint with which to tackle the markets everyday.
Unfortunately, the complexity involved in her" multiple evaluations strategy " used to examine all possible gateways available for considering an entry/exit etc is so time consuming that it leads you to overthink rather than simplify your rationale for a trade.
This must be the reason her managed forex fund failed .....i was informed by her inner staff not to join as it was performing miserably.
With the volatility of the forex markets......thinking and rethinking.......costs! Time demands a premium be paid at crucial points !One needs a simple "click-whirr" kind of ability/tool to make an instantaneous decision in forex at minimal emotional cost.Raghee's teachings dont provide this solution.You will therefore keep stumbling in the long run.
Now if i had to talk about her ( and stepping away from her courses), as a person...... she lacks integrity totally.She made a lot of promises that she ran away from.Responsibility for her spoken word and the promise it's expected to deliver ..... was a sham and i can prove it as per my personal experience with her at her bootcamp courses.
So my bottom line rating would be.......excellent and valuable source of forex information but proceed with caution monetarily.Dont sign a one way contract.Be absolutely sure that your contract with her stipulates that the money paid her will be 100% refunded if she fails to deliver her promise of personal one on one coaching , directly with her, via phone calls and email , as promised by her in her email ad's and orally at the initial introductory class.
SHE DID NOT KEEP THIS PROMISE TO ME AND CONSEQUENTLY I CERTAINLY FEEL SCAMMED OUT OF $5000/ FOR HER COURSE.
IT'S LIKE GETTING DELIVERED THE ENTIRE JOKE ......BUT WITH THE PUNCHLINE MISSING.YOU FEEL JUSTIFIABLY CHEATED. So buyers beware.
Anyways, i did learn ....though the "adieu" was bitter.
What did happen to the managed fund?
You're playing a different game these days, you won't get away with fobbing people off with BS.
I'll be the first to apologise if you can come up with a genuine account on a trade explorer showing balance, trades, etc or better still a verified myfxbook account but I doubt you will.

By the way $147/month is really nothing. Assigning a value to the price of information is relative. You thing $147 is expensive. To me this is nothing. Paying several thousand dollars or more to Sam Seiden at Online Trader's Academy seems expensive to me. Not $147/month. Value is probably dependent on how each individual values the information and how they are able to assimilate that information into their trading. By assigning your value to Raghee's information suggests that what you charge for your bogus ebook or membership to your website is more valuable. Your hypocrisy is huge Hugh.

I'll make a couple of suggestions for you:
1. Close your BS website
2. Ask admin to remove this thread from the commercial sectoin and place it more appropriatley. The "Rookie Section" comes to mind.
3. Apologize to Raghee.
4. Stop acting like you have a profitable system and defrauding unsuspecting newbie traders of their hard earned cash.

Look, I'll tell you what I'll do for you. Go and trade with Raghee and when you've lost all your money come and see me and I will give you a free Skype session to get you up to speed with my system. You can't say fairer than that.

Funny shit here.. Thanks for the laughs guys.
I agree with some of your points Winston but I would bet that if he posted anything in any other section, FF Mods would kick him over to here as he has his books for sale. Regardless if they are good bad etc.

Hugh, I'm not a believer but let the proof be in the pudding.

jt

Hello jt, Winston said it right, systems can't be proved profitable in months, it needs to be over years so I'll just keep trading and we'll see what happens. In 3 years time I will either be showing a profit in which case Winston will look silly or I won't be in which case I will look silly.

On the wider point, do you not agree that people selling systems, books, ea's, etc should have to prove that what they are doing has merit by showing verifiable results?

In a perfect world yes however I know that not to be the case. I have seen plenty of rubbish being sold on Amazon etc but the thing about trading is as you know, personal accounts will not get shown because they are invasive and personal AND trading is very much psychological so you know how it goes... show 100 people a system that works and 1 will make it work.

Hugh, what is the negative to your specific system in your eyes? Lets see if we can tweak something!

Well this is one of my personal accounts and I'm showing it. I am well aware that no matter how good a system not everyone will be able to trade it straight out of the box which is the purpose of my website, to provide ongoing support.

Winston has just gone into negative overdrive. He started saying albeit in sarcastic tones that the system is probably profitable and he ended just saying it's definitely not profitable. Never mind the fact that I have been trading this or some variation of it for a number of years and that I have had countless emails from people telling me how much money they have made trading this way he has convinced himself it's not profitable so let him get on with it. I'm guessing a guy like him will lose no matter what he does (especially if he's happy to blindly follow system sellers with no proof at all that their methods have benefit!).

Maybe if we get the right filters we could make an ea?