Jump to content

muhhatta

Members
  • Posts

    66
  • Joined

  • Last visited

Reputation Activity

  1. Like
    muhhatta got a reaction from rpasupathy in [Req] Vl@dimir Rib@kov's Forex**LST**System   
    The Exe file is an installer file. I didn't instal it to my MT4 instead of a new folder, that installer installed 4 files into it. As mentioned in the pdf file, when I copy the files in to my MT4 then run MT4, it asked for a license.
  2. Like
    muhhatta got a reaction from ⭐ Ormazd in S.T.A.R (SuperTradeSystem) Trading System Trade setups   
    Big Move Caught by STAR,
     
    .......STAR Guys, I remembered to read somewhere that its prohibited to display the pips result from STAR, please any of you remind me and I would delete the second picture.....
     
    Despite the short term move (M0.25 - M30) that we took everyday, we were recently caught the Big Move of Chf pairs on Sept 6th, GCf made more than 1240 pips in 3 hours. It was a CSA though.
     
    The below result was my Demo account. GCf 0.5 lot (while CfJ tandem 0.1 lot). I took lesser for my live account. These have nearly doubled my demo account from 6.000 to 11.000 in just 3 hours (the text on 1st pic was a mistype).
     
    Harvesting my pips, I was thinking that I have to take a break for today and have an ample time to post here.
     
    The pic was snapped right after my target hit, check the price on 2nd pic if you like.
     
    http://img840.imageshack.us/img840/7956/gbpchf.gif
     
    There was a failed setup of CfJpy, but I trade both in tandem as I was aware that the cause of the move was Chf getting weaker at the same time I witnessed both Gbp and Jpy getting Stronger. Despite that the setup was found on GCf, as a matter of fact all the Chf pairs were moving alike. I only took them both as they were move the most especially GCf.
     
    http://img638.imageshack.us/img638/1281/gcfcfj.gif
     
    Although the move was occurred in 3 hour on Sept 6th, the setup was already triggered on Sept 2nd. I remembered that prior to the trigger I have warn the Chat that the next move would be on Chf pairs.
     
    I have to admit that I am currently adapting the new template where STCers could adjust the speed to the full precision. I realize that we have the GCf setup on the watch-list. I just can't follow how was D** and Freakgib adjust the speed on GCf yet on the Sept 2nd they both came to conclude that GCf triggered Long while CfJ missed 2 pips from triggered Short.
     
    I was lucky to read the chat history of them.
     
    I know that they both evaluate GCf on higher TF but since I was in a hurry hunt for the train I came up with H4 setup (This was probably mean by Tom: Lost in a setup)
     
    # On the 1st picture (GCf H4) You can see that the range between point of trigger to trend extreme was more than 1100 pips while the normal target 950 pips, nearly 1:1 RR. The normal stop should be a few pips under the trend extreme so that should not be a good RR though, but i don't want to miss this setup.
     
    It's said that from the point of trigger the price might still move toward trend extreme or move away in our direction. But it was a nice hammer you see? So I thought I was going to take the trade with extra precaution applying price action and trend follower.
     
    I put my Stop a few pip under retrace extreme (the trace is still there) and drew a trend line, and put my normal CSA target around the pullback extreme (as told) which coincidentally around my trend line. The price was reluctant to go long initially, and seemed like to breach my trend line but still far from my stop. I admit that a doubt was emerged (my only mistake trading STAR).
     
    I applied the same strategy on my short on CfJ but the target was little bit lower (close to trend line), the trace was still there.
     
    Though, It is advisably that for CSA exit strategy it would be wise strategy to split the target. 1st target should be around the pullback extreme while the second is trailed (move stop to BE on profit).
     
    And finally, the move was there
  3. Like
    muhhatta got a reaction from ForexMike in S.T.A.R (SuperTradeSystem) Trading System Trade setups   
    Big Move Caught by STAR,
     
    .......STAR Guys, I remembered to read somewhere that its prohibited to display the pips result from STAR, please any of you remind me and I would delete the second picture.....
     
    Despite the short term move (M0.25 - M30) that we took everyday, we were recently caught the Big Move of Chf pairs on Sept 6th, GCf made more than 1240 pips in 3 hours. It was a CSA though.
     
    The below result was my Demo account. GCf 0.5 lot (while CfJ tandem 0.1 lot). I took lesser for my live account. These have nearly doubled my demo account from 6.000 to 11.000 in just 3 hours (the text on 1st pic was a mistype).
     
    Harvesting my pips, I was thinking that I have to take a break for today and have an ample time to post here.
     
    The pic was snapped right after my target hit, check the price on 2nd pic if you like.
     
    http://img840.imageshack.us/img840/7956/gbpchf.gif
     
    There was a failed setup of CfJpy, but I trade both in tandem as I was aware that the cause of the move was Chf getting weaker at the same time I witnessed both Gbp and Jpy getting Stronger. Despite that the setup was found on GCf, as a matter of fact all the Chf pairs were moving alike. I only took them both as they were move the most especially GCf.
     
    http://img638.imageshack.us/img638/1281/gcfcfj.gif
     
    Although the move was occurred in 3 hour on Sept 6th, the setup was already triggered on Sept 2nd. I remembered that prior to the trigger I have warn the Chat that the next move would be on Chf pairs.
     
    I have to admit that I am currently adapting the new template where STCers could adjust the speed to the full precision. I realize that we have the GCf setup on the watch-list. I just can't follow how was D** and Freakgib adjust the speed on GCf yet on the Sept 2nd they both came to conclude that GCf triggered Long while CfJ missed 2 pips from triggered Short.
     
    I was lucky to read the chat history of them.
     
    I know that they both evaluate GCf on higher TF but since I was in a hurry hunt for the train I came up with H4 setup (This was probably mean by Tom: Lost in a setup)
     
    # On the 1st picture (GCf H4) You can see that the range between point of trigger to trend extreme was more than 1100 pips while the normal target 950 pips, nearly 1:1 RR. The normal stop should be a few pips under the trend extreme so that should not be a good RR though, but i don't want to miss this setup.
     
    It's said that from the point of trigger the price might still move toward trend extreme or move away in our direction. But it was a nice hammer you see? So I thought I was going to take the trade with extra precaution applying price action and trend follower.
     
    I put my Stop a few pip under retrace extreme (the trace is still there) and drew a trend line, and put my normal CSA target around the pullback extreme (as told) which coincidentally around my trend line. The price was reluctant to go long initially, and seemed like to breach my trend line but still far from my stop. I admit that a doubt was emerged (my only mistake trading STAR).
     
    I applied the same strategy on my short on CfJ but the target was little bit lower (close to trend line), the trace was still there.
     
    Though, It is advisably that for CSA exit strategy it would be wise strategy to split the target. 1st target should be around the pullback extreme while the second is trailed (move stop to BE on profit).
     
    And finally, the move was there
  4. Like
    muhhatta got a reaction from DJX00701 in S.T.A.R (SuperTradeSystem) Trading System Trade setups   
    Big Move Caught by STAR,
     
    .......STAR Guys, I remembered to read somewhere that its prohibited to display the pips result from STAR, please any of you remind me and I would delete the second picture.....
     
    Despite the short term move (M0.25 - M30) that we took everyday, we were recently caught the Big Move of Chf pairs on Sept 6th, GCf made more than 1240 pips in 3 hours. It was a CSA though.
     
    The below result was my Demo account. GCf 0.5 lot (while CfJ tandem 0.1 lot). I took lesser for my live account. These have nearly doubled my demo account from 6.000 to 11.000 in just 3 hours (the text on 1st pic was a mistype).
     
    Harvesting my pips, I was thinking that I have to take a break for today and have an ample time to post here.
     
    The pic was snapped right after my target hit, check the price on 2nd pic if you like.
     
    http://img840.imageshack.us/img840/7956/gbpchf.gif
     
    There was a failed setup of CfJpy, but I trade both in tandem as I was aware that the cause of the move was Chf getting weaker at the same time I witnessed both Gbp and Jpy getting Stronger. Despite that the setup was found on GCf, as a matter of fact all the Chf pairs were moving alike. I only took them both as they were move the most especially GCf.
     
    http://img638.imageshack.us/img638/1281/gcfcfj.gif
     
    Although the move was occurred in 3 hour on Sept 6th, the setup was already triggered on Sept 2nd. I remembered that prior to the trigger I have warn the Chat that the next move would be on Chf pairs.
     
    I have to admit that I am currently adapting the new template where STCers could adjust the speed to the full precision. I realize that we have the GCf setup on the watch-list. I just can't follow how was D** and Freakgib adjust the speed on GCf yet on the Sept 2nd they both came to conclude that GCf triggered Long while CfJ missed 2 pips from triggered Short.
     
    I was lucky to read the chat history of them.
     
    I know that they both evaluate GCf on higher TF but since I was in a hurry hunt for the train I came up with H4 setup (This was probably mean by Tom: Lost in a setup)
     
    # On the 1st picture (GCf H4) You can see that the range between point of trigger to trend extreme was more than 1100 pips while the normal target 950 pips, nearly 1:1 RR. The normal stop should be a few pips under the trend extreme so that should not be a good RR though, but i don't want to miss this setup.
     
    It's said that from the point of trigger the price might still move toward trend extreme or move away in our direction. But it was a nice hammer you see? So I thought I was going to take the trade with extra precaution applying price action and trend follower.
     
    I put my Stop a few pip under retrace extreme (the trace is still there) and drew a trend line, and put my normal CSA target around the pullback extreme (as told) which coincidentally around my trend line. The price was reluctant to go long initially, and seemed like to breach my trend line but still far from my stop. I admit that a doubt was emerged (my only mistake trading STAR).
     
    I applied the same strategy on my short on CfJ but the target was little bit lower (close to trend line), the trace was still there.
     
    Though, It is advisably that for CSA exit strategy it would be wise strategy to split the target. 1st target should be around the pullback extreme while the second is trailed (move stop to BE on profit).
     
    And finally, the move was there
  5. Like
    muhhatta got a reaction from f451 in S.T.A.R (SuperTradeSystem) Trading System   
    Period oriented
     

     
    Yes, but to make it easier, its better to just see the band of color since x1, x2 and x0,5 would have different value as in the book.
     
    Just see the order of colors from main pivot, then the order would all flip/reversed, and later flip/reversed back in to the second stage
  6. Like
    muhhatta got a reaction from freakgib in S.T.A.R (SuperTradeSystem) Trading System Trade setups   
    Big Move Caught by STAR,
     
    .......STAR Guys, I remembered to read somewhere that its prohibited to display the pips result from STAR, please any of you remind me and I would delete the second picture.....
     
    Despite the short term move (M0.25 - M30) that we took everyday, we were recently caught the Big Move of Chf pairs on Sept 6th, GCf made more than 1240 pips in 3 hours. It was a CSA though.
     
    The below result was my Demo account. GCf 0.5 lot (while CfJ tandem 0.1 lot). I took lesser for my live account. These have nearly doubled my demo account from 6.000 to 11.000 in just 3 hours (the text on 1st pic was a mistype).
     
    Harvesting my pips, I was thinking that I have to take a break for today and have an ample time to post here.
     
    The pic was snapped right after my target hit, check the price on 2nd pic if you like.
     
    http://img840.imageshack.us/img840/7956/gbpchf.gif
     
    There was a failed setup of CfJpy, but I trade both in tandem as I was aware that the cause of the move was Chf getting weaker at the same time I witnessed both Gbp and Jpy getting Stronger. Despite that the setup was found on GCf, as a matter of fact all the Chf pairs were moving alike. I only took them both as they were move the most especially GCf.
     
    http://img638.imageshack.us/img638/1281/gcfcfj.gif
     
    Although the move was occurred in 3 hour on Sept 6th, the setup was already triggered on Sept 2nd. I remembered that prior to the trigger I have warn the Chat that the next move would be on Chf pairs.
     
    I have to admit that I am currently adapting the new template where STCers could adjust the speed to the full precision. I realize that we have the GCf setup on the watch-list. I just can't follow how was D** and Freakgib adjust the speed on GCf yet on the Sept 2nd they both came to conclude that GCf triggered Long while CfJ missed 2 pips from triggered Short.
     
    I was lucky to read the chat history of them.
     
    I know that they both evaluate GCf on higher TF but since I was in a hurry hunt for the train I came up with H4 setup (This was probably mean by Tom: Lost in a setup)
     
    # On the 1st picture (GCf H4) You can see that the range between point of trigger to trend extreme was more than 1100 pips while the normal target 950 pips, nearly 1:1 RR. The normal stop should be a few pips under the trend extreme so that should not be a good RR though, but i don't want to miss this setup.
     
    It's said that from the point of trigger the price might still move toward trend extreme or move away in our direction. But it was a nice hammer you see? So I thought I was going to take the trade with extra precaution applying price action and trend follower.
     
    I put my Stop a few pip under retrace extreme (the trace is still there) and drew a trend line, and put my normal CSA target around the pullback extreme (as told) which coincidentally around my trend line. The price was reluctant to go long initially, and seemed like to breach my trend line but still far from my stop. I admit that a doubt was emerged (my only mistake trading STAR).
     
    I applied the same strategy on my short on CfJ but the target was little bit lower (close to trend line), the trace was still there.
     
    Though, It is advisably that for CSA exit strategy it would be wise strategy to split the target. 1st target should be around the pullback extreme while the second is trailed (move stop to BE on profit).
     
    And finally, the move was there
  7. Like
    muhhatta got a reaction from C0UNDE in S.T.A.R (SuperTradeSystem) Trading System Trade setups   
    Big Move Caught by STAR,
     
    .......STAR Guys, I remembered to read somewhere that its prohibited to display the pips result from STAR, please any of you remind me and I would delete the second picture.....
     
    Despite the short term move (M0.25 - M30) that we took everyday, we were recently caught the Big Move of Chf pairs on Sept 6th, GCf made more than 1240 pips in 3 hours. It was a CSA though.
     
    The below result was my Demo account. GCf 0.5 lot (while CfJ tandem 0.1 lot). I took lesser for my live account. These have nearly doubled my demo account from 6.000 to 11.000 in just 3 hours (the text on 1st pic was a mistype).
     
    Harvesting my pips, I was thinking that I have to take a break for today and have an ample time to post here.
     
    The pic was snapped right after my target hit, check the price on 2nd pic if you like.
     
    http://img840.imageshack.us/img840/7956/gbpchf.gif
     
    There was a failed setup of CfJpy, but I trade both in tandem as I was aware that the cause of the move was Chf getting weaker at the same time I witnessed both Gbp and Jpy getting Stronger. Despite that the setup was found on GCf, as a matter of fact all the Chf pairs were moving alike. I only took them both as they were move the most especially GCf.
     
    http://img638.imageshack.us/img638/1281/gcfcfj.gif
     
    Although the move was occurred in 3 hour on Sept 6th, the setup was already triggered on Sept 2nd. I remembered that prior to the trigger I have warn the Chat that the next move would be on Chf pairs.
     
    I have to admit that I am currently adapting the new template where STCers could adjust the speed to the full precision. I realize that we have the GCf setup on the watch-list. I just can't follow how was D** and Freakgib adjust the speed on GCf yet on the Sept 2nd they both came to conclude that GCf triggered Long while CfJ missed 2 pips from triggered Short.
     
    I was lucky to read the chat history of them.
     
    I know that they both evaluate GCf on higher TF but since I was in a hurry hunt for the train I came up with H4 setup (This was probably mean by Tom: Lost in a setup)
     
    # On the 1st picture (GCf H4) You can see that the range between point of trigger to trend extreme was more than 1100 pips while the normal target 950 pips, nearly 1:1 RR. The normal stop should be a few pips under the trend extreme so that should not be a good RR though, but i don't want to miss this setup.
     
    It's said that from the point of trigger the price might still move toward trend extreme or move away in our direction. But it was a nice hammer you see? So I thought I was going to take the trade with extra precaution applying price action and trend follower.
     
    I put my Stop a few pip under retrace extreme (the trace is still there) and drew a trend line, and put my normal CSA target around the pullback extreme (as told) which coincidentally around my trend line. The price was reluctant to go long initially, and seemed like to breach my trend line but still far from my stop. I admit that a doubt was emerged (my only mistake trading STAR).
     
    I applied the same strategy on my short on CfJ but the target was little bit lower (close to trend line), the trace was still there.
     
    Though, It is advisably that for CSA exit strategy it would be wise strategy to split the target. 1st target should be around the pullback extreme while the second is trailed (move stop to BE on profit).
     
    And finally, the move was there
  8. Like
    muhhatta got a reaction from fxnizar in S.T.A.R (SuperTradeSystem) Trading System Trade setups   
    Big Move Caught by STAR,
     
    .......STAR Guys, I remembered to read somewhere that its prohibited to display the pips result from STAR, please any of you remind me and I would delete the second picture.....
     
    Despite the short term move (M0.25 - M30) that we took everyday, we were recently caught the Big Move of Chf pairs on Sept 6th, GCf made more than 1240 pips in 3 hours. It was a CSA though.
     
    The below result was my Demo account. GCf 0.5 lot (while CfJ tandem 0.1 lot). I took lesser for my live account. These have nearly doubled my demo account from 6.000 to 11.000 in just 3 hours (the text on 1st pic was a mistype).
     
    Harvesting my pips, I was thinking that I have to take a break for today and have an ample time to post here.
     
    The pic was snapped right after my target hit, check the price on 2nd pic if you like.
     
    http://img840.imageshack.us/img840/7956/gbpchf.gif
     
    There was a failed setup of CfJpy, but I trade both in tandem as I was aware that the cause of the move was Chf getting weaker at the same time I witnessed both Gbp and Jpy getting Stronger. Despite that the setup was found on GCf, as a matter of fact all the Chf pairs were moving alike. I only took them both as they were move the most especially GCf.
     
    http://img638.imageshack.us/img638/1281/gcfcfj.gif
     
    Although the move was occurred in 3 hour on Sept 6th, the setup was already triggered on Sept 2nd. I remembered that prior to the trigger I have warn the Chat that the next move would be on Chf pairs.
     
    I have to admit that I am currently adapting the new template where STCers could adjust the speed to the full precision. I realize that we have the GCf setup on the watch-list. I just can't follow how was D** and Freakgib adjust the speed on GCf yet on the Sept 2nd they both came to conclude that GCf triggered Long while CfJ missed 2 pips from triggered Short.
     
    I was lucky to read the chat history of them.
     
    I know that they both evaluate GCf on higher TF but since I was in a hurry hunt for the train I came up with H4 setup (This was probably mean by Tom: Lost in a setup)
     
    # On the 1st picture (GCf H4) You can see that the range between point of trigger to trend extreme was more than 1100 pips while the normal target 950 pips, nearly 1:1 RR. The normal stop should be a few pips under the trend extreme so that should not be a good RR though, but i don't want to miss this setup.
     
    It's said that from the point of trigger the price might still move toward trend extreme or move away in our direction. But it was a nice hammer you see? So I thought I was going to take the trade with extra precaution applying price action and trend follower.
     
    I put my Stop a few pip under retrace extreme (the trace is still there) and drew a trend line, and put my normal CSA target around the pullback extreme (as told) which coincidentally around my trend line. The price was reluctant to go long initially, and seemed like to breach my trend line but still far from my stop. I admit that a doubt was emerged (my only mistake trading STAR).
     
    I applied the same strategy on my short on CfJ but the target was little bit lower (close to trend line), the trace was still there.
     
    Though, It is advisably that for CSA exit strategy it would be wise strategy to split the target. 1st target should be around the pullback extreme while the second is trailed (move stop to BE on profit).
     
    And finally, the move was there
  9. Like
    muhhatta got a reaction from alright in S.T.A.R (SuperTradeSystem) Trading System Trade setups   
    Big Move Caught by STAR,
     
    .......STAR Guys, I remembered to read somewhere that its prohibited to display the pips result from STAR, please any of you remind me and I would delete the second picture.....
     
    Despite the short term move (M0.25 - M30) that we took everyday, we were recently caught the Big Move of Chf pairs on Sept 6th, GCf made more than 1240 pips in 3 hours. It was a CSA though.
     
    The below result was my Demo account. GCf 0.5 lot (while CfJ tandem 0.1 lot). I took lesser for my live account. These have nearly doubled my demo account from 6.000 to 11.000 in just 3 hours (the text on 1st pic was a mistype).
     
    Harvesting my pips, I was thinking that I have to take a break for today and have an ample time to post here.
     
    The pic was snapped right after my target hit, check the price on 2nd pic if you like.
     
    http://img840.imageshack.us/img840/7956/gbpchf.gif
     
    There was a failed setup of CfJpy, but I trade both in tandem as I was aware that the cause of the move was Chf getting weaker at the same time I witnessed both Gbp and Jpy getting Stronger. Despite that the setup was found on GCf, as a matter of fact all the Chf pairs were moving alike. I only took them both as they were move the most especially GCf.
     
    http://img638.imageshack.us/img638/1281/gcfcfj.gif
     
    Although the move was occurred in 3 hour on Sept 6th, the setup was already triggered on Sept 2nd. I remembered that prior to the trigger I have warn the Chat that the next move would be on Chf pairs.
     
    I have to admit that I am currently adapting the new template where STCers could adjust the speed to the full precision. I realize that we have the GCf setup on the watch-list. I just can't follow how was D** and Freakgib adjust the speed on GCf yet on the Sept 2nd they both came to conclude that GCf triggered Long while CfJ missed 2 pips from triggered Short.
     
    I was lucky to read the chat history of them.
     
    I know that they both evaluate GCf on higher TF but since I was in a hurry hunt for the train I came up with H4 setup (This was probably mean by Tom: Lost in a setup)
     
    # On the 1st picture (GCf H4) You can see that the range between point of trigger to trend extreme was more than 1100 pips while the normal target 950 pips, nearly 1:1 RR. The normal stop should be a few pips under the trend extreme so that should not be a good RR though, but i don't want to miss this setup.
     
    It's said that from the point of trigger the price might still move toward trend extreme or move away in our direction. But it was a nice hammer you see? So I thought I was going to take the trade with extra precaution applying price action and trend follower.
     
    I put my Stop a few pip under retrace extreme (the trace is still there) and drew a trend line, and put my normal CSA target around the pullback extreme (as told) which coincidentally around my trend line. The price was reluctant to go long initially, and seemed like to breach my trend line but still far from my stop. I admit that a doubt was emerged (my only mistake trading STAR).
     
    I applied the same strategy on my short on CfJ but the target was little bit lower (close to trend line), the trace was still there.
     
    Though, It is advisably that for CSA exit strategy it would be wise strategy to split the target. 1st target should be around the pullback extreme while the second is trailed (move stop to BE on profit).
     
    And finally, the move was there
  10. Like
    muhhatta got a reaction from ForexMike in S.T.A.R (SuperTradeSystem) Trading System   
    STAR in simple - First step (finding a full set of traits)
     
    Guys, please remind me if I've gone too far and I will delete this post and ask forgive to Tom.
     
    http://i1106.photobucket.com/albums/h372/infomanager/-trait-set-layout.gif
     
     
    The whole STAR traits hunting is finding the move that similar to the above example in order the pullback evaluation to be carry out (MP - Trend Extreme). Its just a move like a Zig Zag until Tr Ext.
     
    The whole traits lay in the band of Thick MA (68) and Thin MA (13).
     
    The above big move that is going to reverse is an uptrend, therefore we are going to evaluate it for a reversal (bullish to bearish). I assume a bullish traits setup for this post. You should be look for the move like the above example.
     
    You are not necessary to look for a full move (although we expect that the move will develop to be like the above example) to begin your STAR work. Find a move (any TF) that its pattern similar to the example at least until a flip then keep move (MP - Flip - second stage) as your potential STAR setup.
     
    Browse the Pairs using flip finder. When you get used with this flip searching, your eyes will no longer need flip finder. You only need to find a zig-zag like move.
     
    Start with the tree cross template; (13-68) x 1, (13-68) x 2 or (13-68) x 0,5 to find your best TF.
     
    You might start with (13-68) x 1 on 15M, whenever you didn't find a flip that seems like to continue up then switch to 7,5M (template (13-68) x 0,5), later switch to 5M, maybe 30M, 1H, 2H (13-68 x 2 on 2H), 4H, 8H and so on.
     
    Save the chart (keep it open) and observe it develop to full STAR traits. Watch it grow and check its traits validity until you get the correct traits until trend extreme with the lowest TF.
     
    When you get the full set of traits (MP - Tr Ext) then start to watch for pullback evaluation.
     
    As yous several STAR potential setup grow, check its traits validity and drop if fail;
     
    ..... PAY SPECIAL ATTENTION FOR THE COLOR OF BAND OF MAs ; 13 MAs - Thin and 68 MAs - Thick ....
     
     
    1. Main Pivot.
    The first of my confusion when start STAR is this MP. MP is the actual reversal (start of the move) of the traits you are observing (it has its special validity, but its to be told if you were understand the basic setup).
     
    MP is the lowest point of the price on the TF where you observe the traits.
     
    2. Big Move/first stage.
    From the MP, the band of 13 and 68 move up. See the order of the colors from low to up; thick (Gold - Plum) and thin (Gold - Plum)
     
    3. Flip.
    After the big move, there should be a flip where the price move bearish. Please note the highest point of the big move as the starting point of the flip move. It says that the band of color become period oriented. See that the order of the color reverse; from low to up; thick (Plum - Gold) and thin (Plum - Gold). The flip move should not exceeded the MP. Please notice that the thick gold should also made a turn (at least 1 pip)
     
    4. Second Stage.
    In the second stage There are 2 condition that confirm the second stage; The band of MA become period oriented like the first stage/the order of the color and the price exceeded the starting point of Flip (the price is higher). The Example shows that the color band have been period oriented but doesn't confirm the second stage until the price exceeded the flip starting point.
     
    ..... THE ABOVE POINTS ARE THE FIRST SET OF TRAITS YOU SHOULD BE HUNTING FOR POTENTIAL SETUP ...
     
    5. Cut.
    Cut is a price move down where the bar cut most or all or the Thick MAs. It is clearly stated in the Vid-1 that the valid Cut require that the Gold thin MA to cross/at least touch the Red thick MA. Additionally, the Cut could only be validate after the second stage begin. Therefore, any cut before the price exceeded the flip starting point should be considered not valid. This cut must also not create a flip. Zoom in all the way in to check the band of MA. If you find the flip then you are in too fast of a time frame.
     
    6.MAC
    Move After Cut. It says that the whole band of MA become more parallel and steepening. Additionally the band of MA should be period oriented before trend extreme. The example pic above is not a good sample of MAC
     
    7. Trend Extreme.
    Tr Ext is the last traits to be observed. Its the last upthrust move of the price. The word should self explain.
     
    In short; - Look at the picture, the full set of traits where pullback to be expected should be look like the example.
    - Browse through several potential setup (flip finding)
    - Check the traits validity against the criteria, watch it grows until tr ext
     
    Finding the whole traits set up then you could start pullback evaluation that maybe result in PTS, STS or CSA, CSAA, or CSAAA.
     
    God,,, I could not find any easier word to explain STAR. If any of you still saying "I didn't get it", forgive me you should have stop reading about STAR.
     
    Only if you could understand traits hunting then we could proceed to pullback evaluation. I consider it second step.
  11. Like
    muhhatta got a reaction from f451 in S.T.A.R (SuperTradeSystem) Trading System   
    STAR in simple - First step (finding a full set of traits)
     
    Guys, please remind me if I've gone too far and I will delete this post and ask forgive to Tom.
     
    http://i1106.photobucket.com/albums/h372/infomanager/-trait-set-layout.gif
     
     
    The whole STAR traits hunting is finding the move that similar to the above example in order the pullback evaluation to be carry out (MP - Trend Extreme). Its just a move like a Zig Zag until Tr Ext.
     
    The whole traits lay in the band of Thick MA (68) and Thin MA (13).
     
    The above big move that is going to reverse is an uptrend, therefore we are going to evaluate it for a reversal (bullish to bearish). I assume a bullish traits setup for this post. You should be look for the move like the above example.
     
    You are not necessary to look for a full move (although we expect that the move will develop to be like the above example) to begin your STAR work. Find a move (any TF) that its pattern similar to the example at least until a flip then keep move (MP - Flip - second stage) as your potential STAR setup.
     
    Browse the Pairs using flip finder. When you get used with this flip searching, your eyes will no longer need flip finder. You only need to find a zig-zag like move.
     
    Start with the tree cross template; (13-68) x 1, (13-68) x 2 or (13-68) x 0,5 to find your best TF.
     
    You might start with (13-68) x 1 on 15M, whenever you didn't find a flip that seems like to continue up then switch to 7,5M (template (13-68) x 0,5), later switch to 5M, maybe 30M, 1H, 2H (13-68 x 2 on 2H), 4H, 8H and so on.
     
    Save the chart (keep it open) and observe it develop to full STAR traits. Watch it grow and check its traits validity until you get the correct traits until trend extreme with the lowest TF.
     
    When you get the full set of traits (MP - Tr Ext) then start to watch for pullback evaluation.
     
    As yous several STAR potential setup grow, check its traits validity and drop if fail;
     
    ..... PAY SPECIAL ATTENTION FOR THE COLOR OF BAND OF MAs ; 13 MAs - Thin and 68 MAs - Thick ....
     
     
    1. Main Pivot.
    The first of my confusion when start STAR is this MP. MP is the actual reversal (start of the move) of the traits you are observing (it has its special validity, but its to be told if you were understand the basic setup).
     
    MP is the lowest point of the price on the TF where you observe the traits.
     
    2. Big Move/first stage.
    From the MP, the band of 13 and 68 move up. See the order of the colors from low to up; thick (Gold - Plum) and thin (Gold - Plum)
     
    3. Flip.
    After the big move, there should be a flip where the price move bearish. Please note the highest point of the big move as the starting point of the flip move. It says that the band of color become period oriented. See that the order of the color reverse; from low to up; thick (Plum - Gold) and thin (Plum - Gold). The flip move should not exceeded the MP. Please notice that the thick gold should also made a turn (at least 1 pip)
     
    4. Second Stage.
    In the second stage There are 2 condition that confirm the second stage; The band of MA become period oriented like the first stage/the order of the color and the price exceeded the starting point of Flip (the price is higher). The Example shows that the color band have been period oriented but doesn't confirm the second stage until the price exceeded the flip starting point.
     
    ..... THE ABOVE POINTS ARE THE FIRST SET OF TRAITS YOU SHOULD BE HUNTING FOR POTENTIAL SETUP ...
     
    5. Cut.
    Cut is a price move down where the bar cut most or all or the Thick MAs. It is clearly stated in the Vid-1 that the valid Cut require that the Gold thin MA to cross/at least touch the Red thick MA. Additionally, the Cut could only be validate after the second stage begin. Therefore, any cut before the price exceeded the flip starting point should be considered not valid. This cut must also not create a flip. Zoom in all the way in to check the band of MA. If you find the flip then you are in too fast of a time frame.
     
    6.MAC
    Move After Cut. It says that the whole band of MA become more parallel and steepening. Additionally the band of MA should be period oriented before trend extreme. The example pic above is not a good sample of MAC
     
    7. Trend Extreme.
    Tr Ext is the last traits to be observed. Its the last upthrust move of the price. The word should self explain.
     
    In short; - Look at the picture, the full set of traits where pullback to be expected should be look like the example.
    - Browse through several potential setup (flip finding)
    - Check the traits validity against the criteria, watch it grows until tr ext
     
    Finding the whole traits set up then you could start pullback evaluation that maybe result in PTS, STS or CSA, CSAA, or CSAAA.
     
    God,,, I could not find any easier word to explain STAR. If any of you still saying "I didn't get it", forgive me you should have stop reading about STAR.
     
    Only if you could understand traits hunting then we could proceed to pullback evaluation. I consider it second step.
  12. Like
    muhhatta got a reaction from C0UNDE in S.T.A.R (SuperTradeSystem) Trading System   
    STAR in simple - First step (finding a full set of traits)
     
    Guys, please remind me if I've gone too far and I will delete this post and ask forgive to Tom.
     
    http://i1106.photobucket.com/albums/h372/infomanager/-trait-set-layout.gif
     
     
    The whole STAR traits hunting is finding the move that similar to the above example in order the pullback evaluation to be carry out (MP - Trend Extreme). Its just a move like a Zig Zag until Tr Ext.
     
    The whole traits lay in the band of Thick MA (68) and Thin MA (13).
     
    The above big move that is going to reverse is an uptrend, therefore we are going to evaluate it for a reversal (bullish to bearish). I assume a bullish traits setup for this post. You should be look for the move like the above example.
     
    You are not necessary to look for a full move (although we expect that the move will develop to be like the above example) to begin your STAR work. Find a move (any TF) that its pattern similar to the example at least until a flip then keep move (MP - Flip - second stage) as your potential STAR setup.
     
    Browse the Pairs using flip finder. When you get used with this flip searching, your eyes will no longer need flip finder. You only need to find a zig-zag like move.
     
    Start with the tree cross template; (13-68) x 1, (13-68) x 2 or (13-68) x 0,5 to find your best TF.
     
    You might start with (13-68) x 1 on 15M, whenever you didn't find a flip that seems like to continue up then switch to 7,5M (template (13-68) x 0,5), later switch to 5M, maybe 30M, 1H, 2H (13-68 x 2 on 2H), 4H, 8H and so on.
     
    Save the chart (keep it open) and observe it develop to full STAR traits. Watch it grow and check its traits validity until you get the correct traits until trend extreme with the lowest TF.
     
    When you get the full set of traits (MP - Tr Ext) then start to watch for pullback evaluation.
     
    As yous several STAR potential setup grow, check its traits validity and drop if fail;
     
    ..... PAY SPECIAL ATTENTION FOR THE COLOR OF BAND OF MAs ; 13 MAs - Thin and 68 MAs - Thick ....
     
     
    1. Main Pivot.
    The first of my confusion when start STAR is this MP. MP is the actual reversal (start of the move) of the traits you are observing (it has its special validity, but its to be told if you were understand the basic setup).
     
    MP is the lowest point of the price on the TF where you observe the traits.
     
    2. Big Move/first stage.
    From the MP, the band of 13 and 68 move up. See the order of the colors from low to up; thick (Gold - Plum) and thin (Gold - Plum)
     
    3. Flip.
    After the big move, there should be a flip where the price move bearish. Please note the highest point of the big move as the starting point of the flip move. It says that the band of color become period oriented. See that the order of the color reverse; from low to up; thick (Plum - Gold) and thin (Plum - Gold). The flip move should not exceeded the MP. Please notice that the thick gold should also made a turn (at least 1 pip)
     
    4. Second Stage.
    In the second stage There are 2 condition that confirm the second stage; The band of MA become period oriented like the first stage/the order of the color and the price exceeded the starting point of Flip (the price is higher). The Example shows that the color band have been period oriented but doesn't confirm the second stage until the price exceeded the flip starting point.
     
    ..... THE ABOVE POINTS ARE THE FIRST SET OF TRAITS YOU SHOULD BE HUNTING FOR POTENTIAL SETUP ...
     
    5. Cut.
    Cut is a price move down where the bar cut most or all or the Thick MAs. It is clearly stated in the Vid-1 that the valid Cut require that the Gold thin MA to cross/at least touch the Red thick MA. Additionally, the Cut could only be validate after the second stage begin. Therefore, any cut before the price exceeded the flip starting point should be considered not valid. This cut must also not create a flip. Zoom in all the way in to check the band of MA. If you find the flip then you are in too fast of a time frame.
     
    6.MAC
    Move After Cut. It says that the whole band of MA become more parallel and steepening. Additionally the band of MA should be period oriented before trend extreme. The example pic above is not a good sample of MAC
     
    7. Trend Extreme.
    Tr Ext is the last traits to be observed. Its the last upthrust move of the price. The word should self explain.
     
    In short; - Look at the picture, the full set of traits where pullback to be expected should be look like the example.
    - Browse through several potential setup (flip finding)
    - Check the traits validity against the criteria, watch it grows until tr ext
     
    Finding the whole traits set up then you could start pullback evaluation that maybe result in PTS, STS or CSA, CSAA, or CSAAA.
     
    God,,, I could not find any easier word to explain STAR. If any of you still saying "I didn't get it", forgive me you should have stop reading about STAR.
     
    Only if you could understand traits hunting then we could proceed to pullback evaluation. I consider it second step.
  13. Like
    muhhatta reacted to Captain in S.T.A.R (SuperTradeSystem) Trading System   
    Muh, I understand your points completely. But IMO, for the majority of visitor here the setup picture would be more useful for their learning stage.
     
    Good work
  14. Like
    muhhatta reacted to Captain in S.T.A.R (SuperTradeSystem) Trading System   
    I guess you are mosleem, happy fasting then
     
    You could PM me if something you don't understand about the new template
     
    Cheers
  15. Like
    muhhatta got a reaction from Captain in S.T.A.R (SuperTradeSystem) Trading System   
    Dear Juicy,
     
     
    Maybe u r right on that statement (I stated it in my previous post). I was experiencing the some problem with you. First time watching the video leave nothing in my mind. Then I learn STAR e-book (I admit not yet purchasing it), only after understand Primary Setup then several questions came to my mind. Then I watch the video again where I found the answer that was not mention in the book (ex; criteria of valid Cut and second stage are not mentioned in the book but the video are)
     
    Watching the video should only enhance your understanding of the book
     
    C U Guys
  16. Like
    muhhatta got a reaction from Captain in S.T.A.R (SuperTradeSystem) Trading System   
    New developement
     

     
    Long time no post being busy riding a more than 1.300 pips PTS move in 7 days and keep going (I wish I could tell the forum due to the legal time).
     
    More interestingly, I rode 2 of its more volatile cross correlative pairs. The first pair move 1.500 pips while the second 1.800. Some days I will recall this post for forumers studying (Insyaallah...). I don't know if any other STCers trade STAR like I do.
     
    So busy I was that I miss the chat on the last development of precision-template. Hopefully the new development would give a more precise measurement to STAR.
     
    Thank Tom and "T of Perth" for coding it.
     
    Again, I'd like to recall my word, the true power of STAR is the Chat and watchlist. Personally I think it is not a big deal if the STAR e-book is illegally move around the net to entice the forumers as a starting point of learning.
     
    Keep studying, we are here to help
  17. Like
    muhhatta got a reaction from Captain in S.T.A.R (SuperTradeSystem) Trading System   
    Yesterday's CSA Setup
     
    This AudJpy CSA Setup has paused my Riding on its Cross-Correlative PTS move , I would elaborate this setup as a lesson but not the main PTS move that its cross-correlative as its still on the move (related to my post #482)
     
    STC-guys, please remind me if this is an incursion of STC rule and I will delete it
     
    http://img191.imageshack.us/img191/64/audjpy5m9augs.gif
     
    I only post the setup evaluation and not the traits evaluation. The traits was formed on 5M but the setup was on 10M x 0.764, seek for your self (pls don't ask me to put the meal on your mouth, sorry....)
     
    The comment would come next
  18. Like
    muhhatta got a reaction from Captain in S.T.A.R (SuperTradeSystem) Trading System   
    http://img191.imageshack.us/img191/64/audjpy5m9augs.gif
     
    Comments number are related to the figure 1 - 10 on the above image:
     
    1. As I stated in post #483 I take profit on my PTS-long ride on post #482 (cross-correlative pairs of AudJpy and 2 more volatile correlative pairs) after an un-usual extreme move that penetrate their daily trend-line resistance which, coincidence, are aligned with AudJpy trend-extreme.
     
    2. I paused to wait for AJ to develop. Whether this s/u is PTS or CSA would dictate my PTS paused trade (#482) is a pause or an end move. since p/b e/v state that AJ was CSA then I could tell that the PTS is just paused and I could wait for a re-entry on the right time. Therefore I could trade this AJ.
     
    3. AJ did triggered just 15 pips dd from purple. I could expect the move of price to figure 5 or 6. As told, prepare your own exit strategy, it might help to draw a trend line.
     
    4. The price indeed moved to figure 4 then 4a.
     
    Honestly I was thinking that this is probably is going to failed but I was wrong (I forgot that I have faced this personal mistake several time, didn't trust the system)
     
    4a. I should have hold my initial intention to treat Trend Line as just to help and rely solely on STAR. As price penetrate my TL line I begun to doubt.
     
    4b. As the price re penetrate the TL and successfully test the "support became resistance" TL line I moved my Stop to 4a then going to bed (it was nearly midnight my time)
     
    7-8-9. I was woke up for fasting-breakfast and down-prayer when I open my Notebook and see this impossible 280 pips move (my stop was surely taken out).
     
    Now tell me, what "trend following system" or "what price action system" could tell that the STAR setup is not going to fail since point 4a-b. And what system could anticipate and tell that from figure 7 AJ should move more than 280 pips to fulfill its prophecy that has long before told by STAR (10 hours back at figure 3) while all other system telling to go short.
     
    10. The move probably end so I check my paused PTS-Long and its correlative. At the time of AJ cross TL, at the same time the paused PTS and its correlative pairs bounce on daily TL and support (H1 and M15 made a rel candle). Base on these, at 20.00 GMT I already long on our Weekly PTS. As the time of writing (asian open) the PTS has move long more than 80 pips, but its correlative pairs have more than 140 pips.
     
    I know I was a little bit gambling, maybe I should be patient for other confirmation to be align but I was prepare for a quick exit and tight SL (until confirmations aligned).
     
    This is my style to trade STAR.
     
    Maybe I was too tired to remember (at point 4) that I was occasionally made mistakes to doubt STAR when its not align with indicators and price action.
     
    STC-Guys, maybe you realize that I was recently lack of chat since I trade STAR like this. Whenever a MT or LT setup run, I trade it in tandem with 2 other more volatile pairs.
     
    I realize that in recent week the Fx pairs move double to triple of its usual daily ATR. Luckily that even our weekly PTS daily ATR was around 450 pips, their more volatile tandem could move 600 - 800 pips, even 1016 pips (yesterday). please notify that I mean pips, not micro-pips.
     
    This made me miss the chat about the new template (precision templates)
     
    Keep up the good trade guys,
     
    Cheers
  19. Like
    muhhatta got a reaction from C0UNDE in S.T.A.R (SuperTradeSystem) Trading System   
    New developement
     

     
    Long time no post being busy riding a more than 1.300 pips PTS move in 7 days and keep going (I wish I could tell the forum due to the legal time).
     
    More interestingly, I rode 2 of its more volatile cross correlative pairs. The first pair move 1.500 pips while the second 1.800. Some days I will recall this post for forumers studying (Insyaallah...). I don't know if any other STCers trade STAR like I do.
     
    So busy I was that I miss the chat on the last development of precision-template. Hopefully the new development would give a more precise measurement to STAR.
     
    Thank Tom and "T of Perth" for coding it.
     
    Again, I'd like to recall my word, the true power of STAR is the Chat and watchlist. Personally I think it is not a big deal if the STAR e-book is illegally move around the net to entice the forumers as a starting point of learning.
     
    Keep studying, we are here to help
  20. Like
    muhhatta got a reaction from retry99 in S.T.A.R (SuperTradeSystem) Trading System   
    New developement
     

     
    Long time no post being busy riding a more than 1.300 pips PTS move in 7 days and keep going (I wish I could tell the forum due to the legal time).
     
    More interestingly, I rode 2 of its more volatile cross correlative pairs. The first pair move 1.500 pips while the second 1.800. Some days I will recall this post for forumers studying (Insyaallah...). I don't know if any other STCers trade STAR like I do.
     
    So busy I was that I miss the chat on the last development of precision-template. Hopefully the new development would give a more precise measurement to STAR.
     
    Thank Tom and "T of Perth" for coding it.
     
    Again, I'd like to recall my word, the true power of STAR is the Chat and watchlist. Personally I think it is not a big deal if the STAR e-book is illegally move around the net to entice the forumers as a starting point of learning.
     
    Keep studying, we are here to help
  21. Like
    muhhatta got a reaction from retry99 in S.T.A.R (SuperTradeSystem) Trading System   
    Dear Juicy,
     
     
    Maybe u r right on that statement (I stated it in my previous post). I was experiencing the some problem with you. First time watching the video leave nothing in my mind. Then I learn STAR e-book (I admit not yet purchasing it), only after understand Primary Setup then several questions came to my mind. Then I watch the video again where I found the answer that was not mention in the book (ex; criteria of valid Cut and second stage are not mentioned in the book but the video are)
     
    Watching the video should only enhance your understanding of the book
     
    C U Guys
  22. Like
    muhhatta reacted to retry99 in S.T.A.R (SuperTradeSystem) Trading System   
    I gave some other reasons in the PM reply to you but mainly I do not think I am up to this task. The system seems logical to me. If it were like all the other systems that basically leave everybody still searching due to being ineffective (or just junk) then maybe I could see someone thinking there is no justification for them spending what time it takes.
     
    Think about this. Nothing in Forex is going to be easy. This is because the market is not easy to predict and you have violent moves in both directions that will stop you out and brokers sometimes ripping you off and it is open 24 hours.
     
    So then comes systems and we seem to compare them on their "ease" of understanding. I don't think this is the proper area for good comparison but let's just say that is how we will do it.
     
    Now is it of any real importance that a lesser system which you've already rejected (assuming that you have moved beyond it to look at STAR) was easy to understand?
     
    I never did think of it as hard anyway - just work, just study and learn. I have read course materials in many cases which did not hit my mind the first pass. I didn't have a choice but to keep looking at what my eyes were seeing.
     
    If you come to a similar situation here what is the difference, the fact that you have a choice? You do but is it a good choice? Do you not lose the prize if you do not do the study?
     
    What if on the website you saw a 4 week course instead of how it is offered. The promise of accurate early entry in new trends with low drawdowns was the same. The website still does not say anything about being easy just the same as it is currently. Would you assume it is hard because it is a 4 week course?
     
    What if everything else were the same but instead of the purchase getting you a trading system you can trade with forever it offered you a degree or certificate which you could get a job earning US$36000 a year? Would that be more valuable?
     
    I do not think it would be enticing to me at all. The value is low and fixed and the job aspect is not thrilling me. The fact that there is work involved is not a concern.
     
    I think we need to realize what is being done here. There is no other system on the planet like this. Listen to what David says in his posts. The system can be used by anyone and attain to great professional trader status with a bit of time and effort.
     
    I put this on par with the opportunity and status of a brain surgeon. But you know what? I think (just imo) it is higher and better than that. So a bit of "what did that mean? - let me go back a step and get this straight" would not be too unusual. I bet the brain surgeon has a MUCH tougher time getting to where he is headed (pun intended).
  23. Like
    muhhatta reacted to wadesworld in S.T.A.R (SuperTradeSystem) Trading System   
    Step 4 - Conscious Competence
     
    You are making trades whenever your system tells you to.
     
    You take losses just as easily as you take wins
     
    You now let your winners run to their conclusion fully accepting the risk and knowing that your system makes more money than it looses and when you're on a loser you close it swiftly with little pain to your account
     
    You are now at a point where you break even most of the time - day in day out, you will have weeks where you make 100 pips and weeks where you lose 100 pips - generally you are breaking even and not losing money.
     
    You are now conscious of the fact that you are making calls that are generally good and you are getting respect from other traders as you chat the day away.
     
    You still have to work at it and think about your trades but as this continues you begin to make more money than you lose consistently.
     
    You'll start the day on a 20 pip win, take a 35 pip loss and have no feelings that you've given those pips back because you know that it will come back again.
     
    You will now begin to make consistent pips week in and week out 25 pips one week, 50 the next and so on.
     
    This lasts about 6 months
     
    Step Five - Unconscious Competence
     
    Now we’re cooking - just like driving a car, every day you get in your seat and trade
    - you do everything now on an unconscious level.
     
    You are running on autopilot.
     
    You start to pick the really big trades and getting 200 pips in a day doesnt make you any more excited that getting 1 pips.
     
    You see the newbies in the forum shouting 'go dollar go' as if they are urging on a horse to win in the grand national and you see yourself - but many years ago now.
     
    This is trading utopia - you have mastered your emotions and you are now a trader with a rapidly growing account.
     
    You're a star in the trading chat room and people listen to what you say.
     
    You recognise yourself in their questions from about two years ago.
     
    You pass on your advice but you know most of it is futile because they're teenagers - some of them will get to where you are - some will do it fast and others will be slower - literally dozens and dozens will never get past stage two, but a few will.
     
    Trading is no longer exciting - in fact it's probably boring you to bits - like everything in life when you get good at it or do it for your job - it gets boring - you're doing your job and that's that.
     
    Finally you grow out of the chat rooms and find a few choice people who you
    converse with about the markets without being influenced at all.
     
    All the time you are honing your methods to extract the maximum profit from the market without increasing risk.
     
    Your method of trading doesn’t change - it just gets better - you now have what women call 'intuition'
     
    You can now say with your head held high "I'm a currency trader" but to be honest you don’t even bother telling anyone - it's a job like any other.
     
    I hope you’ve enjoyed reading this journey into a traders mind and that hopefully you’ve identified with some points in here.
     
    Remember that only 5% will actually make it - but the reason for that isn’t ability, its staying power and the ability to change your perceptions and paradigms as new information comes available.
     
    The losers are those who wanted to 'get rich quick' but approached the market and within 6 months put on a pair of blinkers so they couldn’t see the obvious - a kind of "this is the way i see it and thats that" scenario - refusing to assimilate new information that changes that perception.
     
    I’m happy to tell you that the reason i started trading was because of the 'get rich quick' mindset.
    Just that now i see it as 'get rich slow'
     
    If you’re thinking about giving up i have one piece of advice for you ....
    Ask yourself the question "how many years would you go to college if you knew for a fact that there was a million dollars a year job at the end of it?
     
    Take care and good trading to you all.
     
    Don't know the author but this is timeless trading wisdom.
  24. Like
    muhhatta reacted to wadesworld in S.T.A.R (SuperTradeSystem) Trading System   
    The 5 Steps to becoming a trader
     
    Step One: Unconscious Incompetence.
     
    This is the first step you take when starting to look into trading.
     
    You know that its a good way of making money because you've heard so many things about it and heard of so many millionaires.
     
    Unfortunately, just like when you first desire to drive a car
    you think it will be easy - after all, how hard can it be?
     
    Price either moves up or down - what's the big secret to that then – let’s get cracking!
     
    Unfortunately, just as when you first take your place in front of a steering wheel you find very quickly that you haven't got the first clue about what you're trying to do.
     
    You take lots of trades and lots of risks. When you enter a trade it turns against you so you reverse and it turns again and again, and again.
     
    You may have initial success, and thats even worse - cos it tells your brain that this really is simple and you start to risk more money.
     
    You try to turn around your losses by doubling up every time you trade.
     
    Sometimes you'll get away with it but more often than not you will come away scathed and bruised
     
    You are totally oblivious to your incompetence at trading.
     
    This step can last for a week or two of trading but the market is usually swift and you move on the next stage.
     
    Step Two - Conscious Incompetence
     
    Step two is where you realize that there is more work involved in trading and that you might actually have to work a few things out.
     
    You consciously realize that you are an incompetent trader - you don't have the skills or the insight to turn a regular profit.
     
    You now set about buying systems and e-books galore, read websites based everywhere from USA to the Ukraine and begin your search for the holy grail.
     
    During this time you will be a system nomad - you will flick from method to method day by day and week by week never sticking with one long enough to actually see if it does
    work.
     
    Every time you come upon a new indicator you'll be ecstatic that this is the
    one that will make all the difference.
     
    You will test out automated systems on Metatrader, you'll play with moving
    averages, Fibonacci lines, support & resistance, Pivots, Fractals, Divergence, DMI, ADX, and a hundred other things all in the vein hope that your 'magic system' starts today.
     
    You'll be a top and bottom picker, trying to find the exact point of reversal
    with your indicators and you'll find yourself chasing losing trades and even adding to them because you are so sure you are right.
     
    You'll go into the live chat room and see other traders making pips and you want to know why it's not you - you'll ask a million questions, some of which are so dumb that looking back you feel a bit silly.
     
    You'll then reach the point where you think all the ones who are calling pips after pips are liars - they can’t be making that amount because you've studied and you don't make that, you know as much as they do and
    they must be lying.
     
    But they're in there day after day and their account just grows whilst yours falls.
     
    You will be like a teenager - the traders that make money will freely give you advice but you're stubborn and think that you know best - you take no notice and overtrade your account even though everyone says you are mad to - but you know better.
     
    You'll consider following the calls that others make but even then it wont work so you try paying for signals from someone else - they don't work for you either.
     
    You might even approach a 'guru' like Rob Booker or someone on a chat board who promises to make you into a trader (usually for a fee of course).
     
    Whether the guru is good or not you won’t win because there is no replacement for screen time and you still think you know best.
     
    This step can last ages and ages - in fact in reality talking with other traders as well as personal experience confirms that it can easily last well over a year and more nearer 3 years.
     
    This is also the step when you are most likely to give up through
    sheer frustration.
     
    Around 60% of new traders die out in the first 3 months - they give up and this is good - think about it - if trading was easy we would all be millionaires. another 20% keep going for a year and then in desperation take risks guaranteed to blow their account which of course it does.
     
    What may suprise you is that of the remaining 20% all of them will last around 3 years - and they will think they are safe in the water - but even at 3 years only a further 5-10% will continue and go on to actually make money consistently.
     
    By the way - they are real figures, not just some I’ve picked out of my head - so when you get to 3 years in the game don’t think its plain sailing from there.
     
    I’ve had many people argue with me about these timescales - funny enough none of them have been trading for more that 3 years - if you think you know better then ask on a board for someone who's been trading 5 years and ask them how long it takes to become fully 100% proficient.
     
    Sure i guess there will be exceptions to the rule - but i havent met any yet.
     
    Eventually you do begin to come out of this phase.
     
    You've probably committed more time and money than you ever thought you would, lost 2 or 3 loaded accounts and all but given up maybe 3 or 4 times but now its in your blood
     
    One day – In a split second moment you will enter stage 3.
     
    Step 3 - The Eureka Moment
     
    Towards the end of stage two you begin to realize that it's not the system that is making the difference.
     
    You realize that its actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right
     
    You start to read books on the psychology of trading and identify with the characters portrayed in those books and finally comes the eureka moment.
     
    This eureka moment causes a new connection to be made in your brain.
     
    You suddenly realise that neither you, nor anyone else can accurately predict what the market will do in the next ten seconds, never mind the next 20 mins.
     
    Because of this revelation you stop taking any notice of what anyone thinks - what this news item will do, and what that event will do to the markets.
     
    You become an individual with your own method of trading
     
    You start to work just one system that you mould to your own way of trading, you're starting to get happy and you define your risk threshold.
     
    You start to take every trade that your 'edge' shows has a good probability of
    winning with.
     
    When the trade turns bad you don't get angry or even because you
    know in your head that as you couldn't possibly predict it it isn't your fault - as soon as you realise that the trade is bad you close it .
     
    The next trade or the one after it or the one after that will have higher odds of success because you know your system works.
     
    You stop looking at trading results from a trade-to-trade perspective and start to look at weekly figures knowing that one bad trade does not a poor system make.
     
    You have realised in an instant that the trading game is about one thing -
    consistency of your 'edge' and your discipline to take all the trades no matter what as you know the probabilities stack in your favour.
     
    You learn about proper money management and leverage - risk of account etc etc - and this time it actually soaks in and you think back to those who advised the same thing a year ago with a smile.
     
    You weren't ready then, but you are now.
     
    The eureka moment came the moment that you truly accepted that you cannot predict the market.
  25. Like
    muhhatta reacted to retry99 in S.T.A.R (SuperTradeSystem) Trading System   
    Actually I realize I did not answer properly because I did not do it directly. By simply saying,

     
    and then elaborating on those points I did not include the direct answer that the ebook shared on the net is NOT the current system. There is not an updated version available on the STC forum either. Perhaps I can do a better job.
     
    As pgpb is new to this it might be that some things have not been put in the right 'bins' yet. The reason I want to be clear is about the wasted time and lost trades and stoplosses a trader is very likely to experience with just the ebook. There certainly is a ton of stuff at STC that makes it easier but it is not all in that category and this makes a big difference imo.
     
    The things NOT in the ebook either as updated criteria (replacing descriptions) or corrections & omissions:
    1) number of bars for 2X
    2) new 13-68 templates
    3) how to use the missing fib line
    4) correct data to use
    5) where the cut can start
    6) criteria for cut
    7) criteria for pullback
    8) what to do for purple swingout
    9) what to do for lime swingout
    10) what to do for purple wrap
    11) what to do for green wrap
    12) loosened criteria for STS
    13) what to do for extra digits
    14) criteria for main pivot
    15) how to determine a valid move after cut
    16) criteria for pullback going past gold
     
     
    The precision of this system (yeah I like 1 pip drawdown triggers) makes every one of those things CRITICAL and of these only the updates to criteria would I personally put in the category of making the system easier.
     
    Except of course that running true and smooth is easier than bashing your head against the computer.
     
    The things NOT mentioned in the ebook at all (completely new):
     
    1) aggressive trade signal generating more triggers and more pips than those in the ebook in certain market conditions
     
    2) new setup and the tool to go with it to find many more of those new aggressive signals
     
    3) what to do for stage ratio
     
    $$$
     
    I hope I have made it clear enough that the original ebook has been updated but it just hasn't been done in ebook form.
     
    Just a comment after those items in the lists; these are just things you add one by one by reading forum entries. Nothing too tough and the best thing to do is follow the track laid out in the Getting Started post because it gives you the proper path. You can plug these into your Cheatsheet which is one of the things on the forum meant to make it easier.
     
    So when I say "Can't get it free? OH WELL! Just get it any way you can." I am not talking about Dead Links. I am not talking about the ebook. I am talking about the complete current system. It is that important free or not. When deciding how to conduct your business of trading you must not be shortsighted and you must not place your assets at unnecessary risk nor fail to leverage them properly through a complete system. Heard all this before? That's because it is the basis of a sound trading business.
     
    Think being in business is easy? Of course you don't. Why do we think a simple and effective trading system translates to easy? If anything that makes money is easy I would like to know what it is. I just think this is easier than all the other systems out there even though I had to spend a bit more time on it. All I did before STAR is waste a bunch of time and I did not make any real progress.
×
×
  • Create New...