chrisbenjy

Hey everyone,

I'm going to be cycling to Berlin in March 2012 to raise money and awareness for the Multiple Sclerosis society. It's 550 miles in total and I'll be cycling about 60 or 70 miles a day. It's a well worthy charity and close to my family. The money raised will go towards research for treatments, support for those with MS and campaigning. I would appreciate it if you could sponsor me. Any amount will help, it all adds up. Here is my justgiving link:

https://www.justgiving.com/chrisbiketoberlin

Thanks a lot,

Chris

I'm contemplating buying the system and joining the forum, but can someone please post an account statement from this system, since I've heard lot's of good reviews and people saying it's very accurate, but I've never seen a statement from someone who trades it, and at the end of the day performance is what it comes down to.

Thanks :)

I'm sure Buffett would condone using a free website being a cost cutter and all :D. Chris, how do you know that it's not Buffett's strategy because it is on a free website?

Ok, fair enough, but I'm sure he wouldn't go that far. Anyway... Prove that it is his strategy.

Robots are not good for all forex environments and work just some time.

Manual systems are better

http://indo-investasi.com/showthread.php/13697-Profitable-Trading-Systems-from-Malaysian-Forums

That can be said about any mechanical trading system, being automated has nothing to do with it. By the sound of it, you are just following and repeating what other people say. Being a sheep will get you nowhere in trading or in life. You should learn to think for yourself. It would be interesting to see whether you are still trading the Malaysian forum trading systems (green pips?) in a couple of months time.

If you don't like EA's then why are you in the EA section? Please stay off this part of the forum if you have nothing useful, interesting or productive to say.

Thanks.

forex peace army does. But I would say the results are controversial and possibly false, but I have no proof. They are certainly questionable anyway.

1. because the results are contradictory to other results, from other sources such as forums, including this one, and even the reviews section of the forex peace army website.

2. If I'm not mistaken, some of the tests are run by the actual vendors, so they may fix them or incorrectly report the results.

3. They are a website, whose aim is to make money, whether it is to profit or just to cover server costs. Therefore they need advertising revenue. They may get more advertising revenue by doing deals with vendors to make their products look better than they are. (although this could be said about all the sites)

Can't help you with that pg's 14-18 thing. The real ebook isn't numbered like that. Perhaps use illustration figure numbers.

Sorry. Figure 29 to 33.

Hi people,

I was just wondering why in the secondary setups ebook, tom doesn't look for secondary setup's on the first couple of pullback's of his trade walkthrough. Is it because the green hull didn't come in by enough pips, or did I overlook another criteria.

Edit: I've been playing a game of spot the difference between the pictures of valid secondary setups (ss for short?) and invalid ones and the only thing I can notice is that the green hull is below the purple hull on the non local tf, but I thought this was only a requirement on the backup support chart.

Switching Longs to shorts and shorts to longs will most likely fail, because the problem is probably that the sl and tp /money management are inappropriate for the strategy and the strategy itself is poor whichever direction the trades are.

I.e, a whipsaw will burn you whichever direction you trade. Also, opening a position in a ranging market with a tight sl and large tp will probably lose whichever direction you trade.

That's exactly what I also thought, but I read the whole book and could not find any clear text which will state that the move within the flip must not exceed the PIVOTs HIGH/LOW

Me too. However, I just assumed that it follows the same rules as Elliot wave in that wave 2 (i.e. the flip causing move) cannot exceed the start of wave 1 (main pivot).

http://www.multiupload.com/V2P1NYZD93

 

All these shared files are worthless.

 

Without being a paid member with access to the newest modifications , strategies, explanations and tools you will only waste your time because

the system cannot be understood without the other stuff.

 

Even those who paid and have access to everything don´t understand the system.

Only a few do and some of them are posting here, but they are about 5 % of all buyers, the rest doesn´t understand the system and quits.

 

There are other systems which can be understood by everybody and they are profitable, so there is no point in wasting your time with those shared files.

 

My 2 Cent.

I'm finding the PDF's fine. Obviously it doesn't include the modifications that have been made over time in the forum or any of the other forum features. It is the version that was originally released (before the forum came along), therefore it must be worth something without the forum or else the system wouldn't have been released (unless the seller is a scammer, but he isn't).

In terms of being hard to understand. I am really not finding that. The ebook is clearly set out in chapters and tells you exactly how to use the system. Like I said before the new additions and the other trade types e.g. CSA setups are not included, but imo the system is fine without them (although I am going to purchase forum memebership eventually).

I am using this EA on the four major supported pairs successfully on a live account with Go markets. I'm averaging around 79% profitable trades with a draw down of only 0.45% and profit factor of 2.5. Slow & steady is the way to go ! I have set Auto MM = 1.8% on all the four pairs.At least i can walk away from the computer without worrying about how much my balance will change a few hours later : )

do you have a myfxbook link?

And for those lazy readers asking the same thing like (what these levels are. how you trade them.how you know that they work.where you find these things) I have just one thing to say READ THE THREAD AGAIN AND AGAIN. We've answered these questions and many others. Thanks

That aimed at me? All I was asking was for a brief overview, to see if it is worth reading through the thread, I didn't ask anyone to fully explain them and tell me exactly what to do. You should be efficient with your time. The more time you spend looking through forums, the less chance you get to earn trading experience. If I read every thread from start to finish that I'm interested in but have no idea whether it is worth it then I would have no time to trade, all my time would be spent in forums, and the majority of threads turn out to be a waste of time. Does that make me lazy? No it doesn't, it makes me efficient. I am far from lazy. Thanks

Thanks retry.

Just a quick question for anyone the ebook states that to close a trade you look for reversal and open opposite trade, so would the trend extreme become the main pivot for the reversal traits? + Do you have to stick to the same TF?

thanks

Hey guys,

Could anyone give me a quick overview of what these levels are and how you trade them? Also, do you calculate them yourselves or are they given as signals by someone else?

thanks :)

Now this looks amazing

http://www.myfxbook.com/members/forexfanatic/forexfanatic/93436

Don't know who's it is, but it's proven since middle 2010, track record verified. This guy is currently holding onto a couple of losers too since May. They are losers if based on pips, but if swap is included then they are profitable, so I think they may be long term carry trades.

Sorry but i´m not a beginner... i know how to trade and make profits pray it´s for believers i know the distinction of a bad trade and trade without any sense and until now i´m happy with the methodology any stop was moved until now i only saw some adjusts on 2 orders in TP´s.

 

Regards

alright, im only saying what I see.

The spreads on GoMarkets are very low compared to other brokers.

But since GoMarkets is not a market maker ( they don´t quote you their own prices but

only real market prices ), their spreads are variable.

 

There are situations when the spread in the market widens to 100 Pips or more.

It is not the broker, it is the buyers and sellers.

 

Why is a broker "bad" or a "no go" if he is not quoting fantasy prices which help him to win against the clients

but is quoting what is really happening in the market ?

 

For me GoMarkets is one of the best not only because of the lowest spreads but security of funds, very fast execution and other reasons.

 

Every ECN-broker and every true STP-broker with variable spreads quotes the real market prices

and it is a fact that there are gaps in the market between ask and bid which can be up to 100 Pips and above.

I agree with this. They are my live broker, I know how they mean by having extreme spreads sometimes (never during major trading sessions, I get it occasionally around about rollover time), but as you said, that is just because of liquidity and not because they are hunting stops.

Moreover, compared to other ECN feeds spreads are quite similar.

I think I have got to grips with the initial part of STAR (based on original ebook, and messages in this thread). Would anyone be able to take a look at my analysis below and advise me whether this is correct (for the initial part i.e. identifying traits).

http://img88.imageshack.us/img88/4817/example1p.gif

At first thought I thought it showed valid traits, but I am now thinking that it may not be a valid MAC, because the groups of MA's are not parallel. Any feedback would be appreciated.

I know I have probably missed the pullback evaluation, but I have not started to learn that bit yet.

and i really doubt that that acc is real...

The initial deposit was $1000.07 and with all MT4 terminals I have used you cannot create a demo account with fractional digits (cents, etc), it just rounds it off. Maybe, it is real, maybe some brokers allow demo accounts with fractional deposits, maybe it is a manipulated trade feed (it says unverified).

No, i have 6 floating orders it´s true they hold but i have profit in my initial balance even with 6 orders floating.

 

So i don´t think it´s so bad at all, because hold the trades it´s management and this is their work they are Account Managers!?

 

Regards

Depends whether they are holding onto them by hoping and praying that price goes their way or that they have analysed the situation and think their trade is still valid.