Looking for Real Trading Method | Page 36 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

bo7a method... method for GBP/JPY 205 replies

Looking for info on TASC "hysteresis" MA crossing of Bands method. 2 replies

Sure Method = Real Money 44 replies

Looking for Mouteki method EA 1 reply

Attachments: Looking for Real Trading Method
Exit Attachments

Looking for Real Trading Method

  • #701
  • Aug 1, 2014 1:35am Aug 1, 2014 1:35am
"Balancing the account" ,could you explain what that means? You're screwing with the original method or....
Never mind, I went back in this thread and read your explanations for this.
  • #702
  • Aug 1, 2014 6:43am Aug 1, 2014 6:43am
Quoting Magix
{quote} So, in addition to the charts, you'd suggest? Tea Leaves? A Crystal ball? Calling Ms.Cleo? Application of trading methodology through the use of technicals is viable in any market place and even more so in forex. Reason being...the books still have to balance and due to there being more than a single relevant session that aren't necessarily overlapping, can in itself show where the support and resistance levels are. Was TK buying or Selling? Was London buying or Selling? Was NY buying or selling? Where are the market gaps in these sessions?...
This means a lot to me and is the basis for my trading now. I think 99% of 'traders' can't see this very important point. The market is a market, not a chart.
  • #703
  • Edited 9:16pm Nov 8, 2014 9:00pm | Edited 9:16pm
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 Thief of Wall Street
  • #704
  • Nov 8, 2014 9:25pm Nov 8, 2014 9:25pm
Hey chicky with all the due respect, maybe you should forget about your billionaire friend.

Maybe the holy grail is not a system, the holy grail just maybe is about buy lower than you sell, and sell higher than you buy.
  • #705
  • Nov 8, 2014 9:31pm Nov 8, 2014 9:31pm
Quoting tunera
Hey chicky with all the due respect, maybe you should forget about your billionaire friend. Maybe the holy grail is not a system, the holy grail just maybe is about buy lower than you sell, and sell higher than you buy.
Here is a useful link for you

http://www.wikihow.com/Improve-Your-Reading-Skills
The Thief of Wall Street
  • #706
  • Nov 8, 2014 10:19pm Nov 8, 2014 10:19pm
The trading method in phantom of the pits is a good, low risk strategy.

http://www.webtrading.com/phantom/chapter5.htm - rule 1

http://www.webtrading.com/phantom/preface.htm
  • #707
  • Nov 8, 2014 11:09pm Nov 8, 2014 11:09pm
Quoting teddybomber
The trading method in phantom of the pits is a good, low risk strategy. http://www.webtrading.com/phantom/chapter5.htm - rule 1 http://www.webtrading.com/phantom/preface.htm
I don't know about others, but it is Kindergarten for me.

It is not about how YOU take a trade and YOU decide if you were right or wrong. It is all about understanding how MARKET works and let MARKET decide if you are right or wrong.
The Thief of Wall Street
  • #708
  • Nov 9, 2014 12:15am Nov 9, 2014 12:15am
Quoting Chicky
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...

isn't it management method?? and base on NO indi
don't predict direction, but dance with flow of water
  • #709
  • Nov 9, 2014 9:46am Nov 9, 2014 9:46am
Quoting Chicky
{quote} I don't know about others, but it is Kindergarten for me. It is not about how YOU take a trade and YOU decide if you were right or wrong. It is all about understanding how MARKET works and let MARKET decide if you are right or wrong.
Well, that is what it is about. If the market says you are wrong, then you exit the trade fast because the market went against what you chose. If the market says you are right, you hold and keep adding more to it, as long as it keeps going in your favor. You pretty much assume you are wrong until the market says you are correct.
  • #710
  • Nov 15, 2014 6:30pm Nov 15, 2014 6:30pm
Quoting priceaction1
{quote} isn't it management method?? and base on NO indi
The answer is Yes and No, if by management method you mean trade management. Most trades won't require individual trade management but collectively you will have to manage the complete portfolio.

Again the answer is Yes and No for using indicators. Indicators provide information it is up to the user to act or not based on this information. I use several tools to analyze what is going on but do not use any such tool in all situations or consistently. I put least importance to technical indicators. They just provide few more pieces of information and statistics which is difficult for me to get by watching naked charts and the quotation board.

I do sometimes gamble, but mainly look for these two things before taking or closing a trade. 1) Logic, why I want to go short or long on this particular pair. By logic I don't mean a logic based on technicals, but what is actually happening in the financial world. 2) Timing of the trades. There is no point in being right at wrong time. For example, I went short on USD/JPY for 1,000 pips when it was around 107.00, saw 350 positive pips but later got stopped out. My logic for this short bias is that this market cannot sustain that much price distortion in a short time. The time was not right. This pair is now at 116.00, will again short this pair for 1,000 pips but at the right time but have no idea when. However, before assuming a long term position will first trade session to session.
The Thief of Wall Street
  • #711
  • Nov 15, 2014 9:20pm Nov 15, 2014 9:20pm
Quoting Chicky
{quote} The answer is Yes and No, if by management method you mean trade management. Most trades won't require individual trade management but collectively you will have to manage the complete portfolio. Again the answer is Yes and No for using indicators. Indicators provide information it is up to the user to act or not based on this information. I use several tools to analyze what is going on but do not use any such tool in all situations or consistently. I put least importance to technical indicators. They just provide few more pieces of information...

That is what I thought,there is no fix set of rules, logic yes , indi for me no just charts, what is more interesting, with passage of time charts pattern change there behavior a bit. one that I playing with it, is changed his behavior I adjust my trade with it, so the other indi, with the time the indis also need some adjustment otherwise they will be loss there usefulness.
best regards.
don't predict direction, but dance with flow of water
  • #712
  • Nov 15, 2014 9:48pm Nov 15, 2014 9:48pm
Chicky post" If euro falls from 1.3900 and gets a 50-pip or bigger bounce from 1.3800, short this bounce anywhere from 1.3850 to 1.3900 with a profit target of 1.3700. Stop Loss (SL) few pips above 1.3900. Typically, for 0.25% risk, the reward would be 0.75% or more."


Using this scenario, the old pattern shows that price reversal start around 1.3850-75 area, but at present most of time price reach around 1.3900 area even above few pips. so trade base on old pattern become losing trade.
don't predict direction, but dance with flow of water
  • #713
  • Nov 16, 2014 8:40pm Nov 16, 2014 8:40pm
Hello Chicky ,
This thread has got me rather excited, as i find that this trading method that you are describing is rather similar to a method that i have devised some time ago. From my few years of trading forex, never have i stuck to a method so confidently for more than a month without failing, but for this method, it is my "holy grail". Let me share a little bit of it.

My method works on 3 basic rules:
1. All trades do not have SL ---- All open positions are either closed with a profit or are never closed.
2. Money management --- every trade takes up only a very small percentage of my total account balance
3. Trade a few currency pairs (up to 9 for me) with some correlation in different directions so as to mitigate the risk associated with not having stop loss.

Because of rule no 1, i could chalk up a net unrealised loss of up to 2000 times my realised profit at the beginning of applying this method, but my net realised profit will keep increasing over time.

Because of rule no 2 and 3, once I have built up a portfolio and an equilibrium is established, my net unrealised loss will always fluctuate within a range regardless of how the market moves, and it will never be large enough to result in a margin call. So while my net unrealised loss is fluctuating within a manageable range, my realised profit keeps creeping up such that ratio of realised profit to unrealised loss increases slowly from 1:2000 to 1:500 to 1:100 to 1:1(break even point) and from then onwards, it would go on to 2:1, 3:1, 4:1 and so on.

This method doesn't require me to look at charts or read the news, and it allows me to make a large margin of error in my trade. However, reading charts and interpreting news correctly would of course increase my rate of making profit. There is also some similarity between this method and the milipede strategy which i saw in another thread. Because of rule no 2, my returns per annum is only about 25% at the most, but still it is something that works for me and gives me the confident in my trading.
  • #714
  • Sep 27, 2016 4:27am Sep 27, 2016 4:27am
Hi guys,
I would like to invite you to my new thread where I post everyday new intraday trading levels. I use price action, market profile and orderflow to make them. You can all see if this method works for you.
Here is the thread:http://www.forexfactory.com/showthre...14#post9162014
You are all welcome there!

Happy trading
Dale
  • #715
  • Apr 6, 2017 6:38am Apr 6, 2017 6:38am
Hello Chicky Bhai

I do not know whether you will ever read this post of mine .I have been following you through out from Merlin's AMAMZING startegy !!! ( see i did it right , AMAZING all in capitals and those three exclamation marks ) .Read almost each post of yours several times trying to decode your sarcasm and whether the thread was a real joke or otherwise .

It is really good to know that you have seen the light that the others have been aspiring for .
With due respect to your obligation to your mentor of not revealing the EQUATION to anyone ,is there any possibility that you
could at least show some directions , suggest some reading materials for the fellow traders who are still in the dark but willing to work very hard ?
There are some very good but very few kind souls in FF here who from time to time try to enlighten the FF members through their analogies and to name a a few of them are Crucialpoint , Pipalicious ,Sisphyus ,Moneyzilla (of course they don't spoonfeed or share their findings with anyone ,which is very right )

Anyways , best of luck to you .Khsuh ar abaad rahen mere bhai .

PS: One last request " Kia waqai mai AMAZING strategy !!! aik mazaq hai ? Kioon ke main 2 hafte lagatar usko samazhne ki koshish kar raha hoon , almost 12 - 12 ghante roz , Please sirf itna bata den ke yeh strategy jo ke aik riddle hai mazaq hai ya haqeeat hai , agar haqeeat hai to mai dobara try shooroo kar doon ga "

YOU SEE CHICKY BHAI I AM NOT A QUITTER EITHER . : )
  • #716
  • Last Post: Apr 13, 2017 5:16am Apr 13, 2017 5:16am
No, there is nothing like Holy Grail in Forex business! Whatever, in my 1st year of trading I used more than 50 indicators based trading methods but no good result! Yes I used default as well as many custom indicators! I see, indicators show entry point very lately! This is way, now my trading chart is indicator free! I use only here by news trading knowledge and experience!
0 traders viewing now