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Looking for Real Trading Method

  • #681
  • Jul 21, 2014 11:35pm Jul 21, 2014 11:35pm
Quoting Chicky
{quote} This other account is hanging between $139 and $140. This portfolio of 13 trades was balanced until this morning but this balance got disturbed and I had to add another trade to re-balance it. I am not supposed to touch these trades too often. {image}
Here is the snapshot of account that is trying to confirm if the author is right in saying risk can be brought to zero. If this account balance goes to 143.37, he will be right ..................at least this time. It did go to 143.37 a couple of days ago, but I was away from my computer and did not close the trades on my cellphone because I wanted to share that moment with you. Seems someday soon it is going to hit that level one more time. Kindly note that I have closed two trades in this portfolio ....................those trades matured and had to be closed as per the author's rules.
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The Thief of Wall Street
  • #682
  • Jul 22, 2014 12:02am Jul 22, 2014 12:02am
Quoting Chicky
{quote}........................... Below this is another account, testing the same method, but this second one with a Net Asset Value of $136 is very important account. I have left several trades open on this account. According to the author of this method, sooner or later all these trades should show profit while risk remains within bounds. Logically, it is not possible within a short period of time of one hundred to one thousand years, a million years would be a different story though. But let's see if all these trades turn to show profit as claimed...
I have been carrying this account, almost untouched from 136. So far, it is up $4 or $5 with very little draw down. Things went wrong with this account, I think, about a month ago when it was 132. In such a situation, author of this method that I am testing, advises to balance the portfolio and wait. He says it will sure come back. Logically it should, but I am more interested in the time it takes to turn around.
The Thief of Wall Street
  • #683
  • Jul 22, 2014 6:23am Jul 22, 2014 6:23am
Member since 2008

Still trolling in 2014


tsk tsk Chicky
  • #684
  • Jul 22, 2014 7:24am Jul 22, 2014 7:24am
Quoting Chicky
{quote} Here is the pic. The most important thing in a portfolio is to keep it Low Beta. Means, if market makes a rapid and big move, whether in favor or against you, your portfolio should not follow the market as quick. This can be achieved by keeping a balanced portfolio. Why? because we do not want spikes and crazy moves to eliminate us. {image}
It is now hanging around $2,355, up about $25 from $2,330. I had only one trade in this portfolio since yesterday, that was EURUSD short based on fundamentals, added one more trade to lock the profit / to reduce the risk, which I call Balancing.

One can make or lose money at these paces, take a pick. I use the last one.

1. Make it quick and lose it quick
2. Make it slowly and lose it quick.
3. Make it quickly and lose it slowly
4. Make it slowly and lose it slowly
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The Thief of Wall Street
  • #685
  • Jul 22, 2014 7:33am Jul 22, 2014 7:33am
Quoting Chicky
{quote} I have been carrying this account, almost untouched from 136. So far, it is up $4 or $5 with very little draw down. Things went wrong with this account, I think, about a month ago when it was 132. In such a situation, author of this method that I am testing, advises to balance the portfolio and wait. He says it will sure come back. Logically it should, but I am more interested in the time it takes to turn around.
This other account testing the claim of author that risk can be brought to zero is nearing its target of 143.37. Kindly note how well balanced it is as it remained Low Beta despite a decent move is the past few hours.
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The Thief of Wall Street
  • #686
  • Jul 22, 2014 7:41am Jul 22, 2014 7:41am
Quoting Chicky
{quote} It is now hanging around $2,355, up about $25 from $2,330. I had only one trade in this portfolio since yesterday, that was EURUSD short based on fundamentals, added one more trade to lock the profit / to reduce the risk, which I call Balancing. One can make or lose money at these paces, take a pick. I use the last one. 1. Make it quick and lose it quick 2. Make it slowly and lose it quick. 3. Make it quickly and lose it slowly 4. Make it slowly and lose it slowly {image}
ps. The draw down was about $4 or less, I am not sure, but it was not more than $4.
The Thief of Wall Street
  • #687
  • Jul 22, 2014 7:52am Jul 22, 2014 7:52am
Quoting Chicky
{quote} This other account testing the claim of author that risk can be brought to zero is nearing its target of 143.37. Kindly note how well balanced it is as it remained Low Beta despite a decent move is the past few hours. {image}
This other account managed to bring the risk to zero for the second time, supporting the author's theory that risk can be brought to zero.
After five years of hard work it proved right many claims of the author of this method. I now have to start working on something that has already been planned as a next research step. This new project is about exactly where to enter and where to exit on which pair.

As far as my part of discussion on a real method is concerned, it is complete and shared with all here. I got what I was looking for.
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The Thief of Wall Street
  • #688
  • Jul 22, 2014 8:47am Jul 22, 2014 8:47am
Chicky sorry to ask this question but who is the author of that method you are testing and what are the rules..some more info about it would be welcome You posting screens of trades after day, week ends doesn't reveal much information about anything other than you are winning/losing...
  • #689
  • Jul 23, 2014 1:47am Jul 23, 2014 1:47am
Quoting merquise
Chicky sorry to ask this question but who is the author of that method you are testing and what are the rules..some more info about it would be welcome You posting screens of trades after day, week ends doesn't reveal much information about anything other than you are winning/losing...
The author of this method is a person who claims to have made over one billion dollars (Yes, one Billion dollars) in forex market over a period of 10 years. There is no way I can verify this claim. He hired a person to execute his trades because he needed a life (unlike most of us here) and time to spend some money. The trader he hired not only executed his trades as directed but also tried to understand the method. After few years, the employee got the idea and basics of this method. He started trading this method for his own accounts. For some reason, he joined FF as a member and started posting in EURUSD thread. As usual, few senior members tried to push him aside to save their image of "we are the only experts here and no one else can ever reach our level". Those so called experts are long gone from EURUSD thread. He got annoyed and challenged everyone for a live competition. He closed all open positions in a live account to free it for the competition. The "experts" backed out. At this moment, I jumped in to support this new guy because he seemed good, honest and helping.

After few days, he contacted me through a PM and later over e-mail and offered this method for free. But before passing on this method, he ran several background checks on me to make sure I was not a broker or a person trading for others on a commission, etc. Once he was satisfied that I was not a professional trader, not only explained this method but showed me on a demo account how to apply this method. He gave me all necessary tools like excel sheets, formulas, etc. In other words he grabbed my arm and showed me how to walk. This training lasted for weeks if not months.

He asked only one thing in return. A promise that I will never share this method with anyone. He believed in something that called Trader's Effect. Means, if you share your trading secrets with many people, it loses its effectiveness.

Since I knew what he gave me does not come from the original inventor but from a person who inferred this method from instructions and trades placed by the inventor, I kept on trying to find logic for everything in it. I asked a lot of questions from that guy, many were answered and made sense, but few were not. I was told to do exactly what method says and never challenge anything in it. After all, this system had generated $1 billion.

It took me five years to find answers to all unanswered questions and find logic of each and everything this method does. I cannot and will not share his method with anyone because of that promise, however, gave all of you what was mine in this method.

He is this person: http://www.forexfactory.com/x.oden

Look at the chart below, I closed 12 out of 14 trades because they matured. At one point of time, these were all hopeless trades and would have given anyone a good loss. Even if I close these last two trades, I am still up by about 1%.
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The Thief of Wall Street
  • #690
  • Jul 23, 2014 11:57pm Jul 23, 2014 11:57pm
Quoting Chicky
{quote} The author of this method is a person.......
Hey Chicky,
Do you think systems/methods/indicators that used to work few years back are no longer effective due to change in overall global market dynamics. I'm very new to Forex but when I see historical data, liquidity in those days was way too higher than it is these days.
  • #691
  • Jul 24, 2014 2:40pm Jul 24, 2014 2:40pm
I haven't been on this board for about a month until last night and I got to wondering why. I realized it is all because of this thread. Self-examination is big to me and after reading this thread my mind went into what I call "go mode".

First thing I did was watch the movie "Limitless". Second thing I did was assess my brain...foggy...focus issues...no good - had to get that right.

Went to health food store and bought a supplement with yohimbe, eleuthero and ginko biloba...ran that for a week. Foggy brain gone. Ordered choline, noopept and coluracetam. Focus is intense again.

Last Saturday night, I focused of Forex. Wow. I seem to have complicated the living crap out of some things. Buy low, sell high. Let's see if I can stay focused on that simple process.
Everything easy was hard at first
  • #692
  • Jul 24, 2014 3:37pm Jul 24, 2014 3:37pm
Quoting AsadKiani
{quote} Hey Chicky, Do you think systems/methods/indicators that used to work few years back are no longer effective due to change in overall global market dynamics. I'm very new to Forex but when I see historical data, liquidity in those days was way too higher than it is these days.
Asad Bhai, a method like this is supposed to work in all market conditions, including times of high and low volatility. It all depends on the Balance. You have to balance everything in your portfolio as much as possible. This whole universe stays on balance. Surah Rahman, “wa wada'al meezan, al-laa tatghow fil meezan”.The fibs are also a ratio in which things grow their volume and weight. This ratio keeps them balanced. A pineapple or other fruits grows in the ratio of fib so that the tree maintains the balance. Any man-made construction following fib ratio also gives a feel of life. Similarly, if you slowly grow your portfolio trying to keep it as balanced as possible in all respects, you are covering your risk. Things may and will go against you, but not too much and not permanently. But the million dollar question is how long one will have to wait for things to go her/his favor? The logical answer is any length of time from one minute to one million years. This was my last concern about this method. But you can turn time in your favor by creating few more positions and again balancing them. That is one reason I mentioned in one of my earlier posts that this method has some element of Martingale.
The Thief of Wall Street
  • #693
  • Jul 27, 2014 2:00am Jul 27, 2014 2:00am
Quoting Chicky
{quote} Asad Bhai, a method like this is supposed to work .....
Chicky your every single sentence makes sense to me, until I read this whole post collectively. Now I have less doubt that you're in your 90s . I think I'll have to live another 28 years to understand what you said
Eid Mubarak bro.
  • #694
  • Jul 27, 2014 9:49pm Jul 27, 2014 9:49pm
Quoting AsadKiani
{quote} Chicky your every single sentence makes sense to me, until I read this whole post collectively. Now I have less doubt that you're in your 90s . I think I'll have to live another 28 years to understand what you said Eid Mubarak bro.
I don't know my exact birth date, it is inferred because my father told me I was born the day they ended Caliphate. But one thing is for sure, I am not young ................. don't ask how I know this.

Eid Mubarak
The Thief of Wall Street
  • #695
  • Jul 27, 2014 10:36pm Jul 27, 2014 10:36pm
Quoting Chicky
{quote} It is now hanging around $2,355, up about $25 from $2,330. I had only one trade in this portfolio since yesterday, that was EURUSD short based on fundamentals, added one more trade to lock the profit / to reduce the risk, which I call Balancing. One can make or lose money at these paces, take a pick. I use the last one. 1. Make it quick and lose it quick 2. Make it slowly and lose it quick. 3. Make it quickly and lose it slowly 4. Make it slowly and lose it slowly {image}
$2,355 to $2,390. Very little draw down. Posting a running trade and an order for the first time.
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The Thief of Wall Street
  • #696
  • Jul 28, 2014 10:22pm Jul 28, 2014 10:22pm
Quoting Chicky
{quote} The author of this method is a person who claims to have made over one billion dollars (Yes, one Billion dollars) in forex market over a period of 10 years. There is no way I can verify this claim. He hired a person to execute his trades because he needed a life (unlike most of us here) and time to spend some money. The trader he hired not only executed his trades as directed but also tried to understand the method. After few years, the employee got the idea and basics of this method. He started trading this method for his own accounts....
hmm..is this method depends on leverage and MC policy ?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #697
  • Jul 29, 2014 6:27pm Jul 29, 2014 6:27pm
Quoting ud1nh0
{quote} hmm..is this method depends on leverage and MC policy ?
No. The core of this method is understanding how this market works. Once you get this, rest is just business as usual.
The Thief of Wall Street
  • #698
  • Jul 29, 2014 6:44pm Jul 29, 2014 6:44pm
Quoting Chicky
{quote} No. The core of this method is understanding how this market works. Once you get this, rest is just business as usual.
It is as simple as 2+2=4. The only requirement is patience. It requires a lot of patience and sitting on hands almost all the time. You don't attach any time reference to your trades, a trade could last from few minutes to several weeks, probably months. Money management is an integral part of whatever method you employ. There is no method without money management.
The Thief of Wall Street
  • #699
  • Jul 29, 2014 7:07pm Jul 29, 2014 7:07pm
Quoting Chicky
{quote} It is as simple as 2+2=4. The only requirement is patience. It requires a lot of patience and sitting on hands almost all the time. You don't attach any time reference to your trades, a trade could last from few minutes to several weeks, probably months. Money management is an integral part of whatever method you employ. There is no method without money management.
I am testing this method of X.oden on two accounts. This testing spreads over about five years now. The account with Net Asset Value of $144 has shown no draw down after passing $143 level which was the level for checking his claim that risk can be brought to zero. The other account with Net Asset Value of about $2,360 earlier showed a draw down of about $65, as it went down to $2,324. This account is still not balanced, once I balance this account, it should show a Net Asset Value of $2.390 or more to prove his claim right. I did not expect draw down of $65 on this account before taking trades. The maximum draw down I was expecting on this account was not more than $25 or $30. Anyway, if this account shows a Net Asset Value of $2,390 or above, it will again prove X.Oden's claim. The only requirements are 1) Balancing the account if it once again goes below $2,325, and 2) Patience ................ maybe a long wait.
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The Thief of Wall Street
  • #700
  • Jul 30, 2014 9:26am Jul 30, 2014 9:26am
Hi Chicky,

Reading your thread and distillating the information embedded I think I feel what you are talking about. Maybe not in the exact same execution style but the concept. One aspect is still vague .. knowing when the portfolio has achieved maturity .. Maybe you can give me a little push in the right direction without revealing the secret ? Anyhow I wish you all the best
Don’t ever let someone tell you that you can’t do something.
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