TSHennessy

I came by to set a few things straight.
 
STAR is a manual system. It cannot be backtested. The Watchlist History is the record of entries because low drawdown early entries is what STAR does. It can be traded at any scale or term so naturally the way two different traders use it will vary. They may even have variance depending on the part of the world they live in and typical session traded.
 
Fact is when you can get these kind of entries the exits take care of themselves whatever your fancy as far as term goes. STAR is open ended as far as exits for this reason. This is an old argument and everybody thinks they are an expert as to what makes a good system. I care about only the entry, how about you. I have a signal that has been nearly perfect but in the scale that manifested after the meltdown you would have to be nuts to wait for true end to end - but you still may if you wish - just look at the years that have followed that huge move. Hope you are patient.
 
I put a new signal in in 2009 to work with what we have now - a massive consolidation that is about to turn 4 years old. The same criteria may be used with the same tools to look for the nearly perfect signal but the traits themselves just won't develop on your chart. I do not control that. What I do is take the market for what it is.
 
I learned that the market changes speeds with each move so you must match the speed first or else your analysis technique is getting stretched or squashed but is never the same - because of fast or slow market moves. STAR's adaptation to the consolidation did not change the way we match speed first. The signal that you may get this way is not nearly perfect. It cannot be and still work with consolidation formations, period. This is because although consolidations represent overall slower moves they have more frequent reversals.
 
So you must accept that to use it. That is still OK if it allows you to take low drawdown early entries. If you get stopped out it is close to the trend extreme. We consider them valid if they are 50:50 Risk/Reward so if the trigger is 38 pips from trend extreme you must have a pullback extreme at least 38 pips from that. This very conservative goal is met far and away more frequently than a stopout and that is the only target specified. You take 2 other partials at a time of your choosing depending on your term and what makes you happy. The suggestion is to take the 2nd partial at a strong move beyond 1st target and move the stop to 1st target on #3 and let it run. Let it run.
 
So if you want to wait for perfection go ahead. This is offered as an alternate but it will locate the same reversals as the nearly perfect signal, you just would not recognize it as such unless you used that tool and criteria.
 
My mistake...
 
After Hankt80's wild reporting of pips gained I did not look into this and that is because I am busy for months on programming tools. When he did it again I saw that this was not right and had to put in a policy. That stated that you were free to post your trades in a journal on the site but only those covered trades could be used in any aggregate total you discissed so they could be verified.
 
This is for the main reason that trading systems are not assessed like a trading account. If you made/lost 150 pips on 3 partials you can't call it 450 pips for/against the trading system but you would in your account. I realized from Hankt80's statements in chat that this lack of a policy was unfair to newbies whether it was good or bad results.
 
Another thing that is just not true is the reporting on the watchlist (w/l) history. Hankt80 said that I hide bad trades. Not so. I list bad trades and good trades and they are there still from the start of the w/l in Jan 2009. The Sandbox which is purged each month does not contain valid setups but invalid ones and ones which could not yield a signal. The Recent History contains triggered trades which can no longer develop because either the trend extreme or Main Pivot have been crossed (profit or not). The Active Triggered are those which are awaiting that condition and these will be moved to Recent History at some point. Everything is viewable.
 
Seanyd is not actually using the system correctly but I followed up on his EUR/USD setup using our new Speed Multiplier method.
 
http://www.supertradersclub.com/images/130116-eur-usd-m1-su.gif
 
 
http://www.supertradersclub.com/images/130116-eur-usd-m1-pbev.gif
 
 
http://www.supertradersclub.com/images/130116-eur-usd-m1-csa-signal-chart.gif
 
 
http://www.supertradersclub.com/images/130116-eur-usd-m1-csa-pivot-display.gif
 
 
That shows as max pips so far of 60 pips but it may not yet be known which way it goes. It is considered successful if it meets that 1st target of the pullback extreme (which it did and much more) but so far has not exceeded the trend extreme so at least we know that.
 
Then that trade had a reversal signal on it that has so far gained 45 pips.
Here is the setup callout:
EUR/USD M1 0.225 Hi 16-Jan-2013 13:22:00 e/v at M1 0.398 0.618 CSA LONG 1.32688 1/16 15:20
 
So both of these are valid trades in opposite directions. If you are trading M1 setups it would be likely that every signal would be used as a scalping method or just the preferred one as trend following.
 
One thing is true - when trades are being reviewed to set them in the proper history section I sometimes find setups that were missed and will enter them. As a mechanical system they happened as a historical fact because they met criteria. Those two EU M1 setups were entered into the watchlist as a historical record after the fact. It is a fair telling of what setups are found. I do not publish these as anything and in fact do not publish them at all as a complete list.
 
If I were to show you a screenshot of some account with some numbers in it and say that was a true record of STAR then perhaps you might believe that. But STAR may not truthfully be evaluated in that manner. I have said before and I will continue to say that the early entries into new trends that STAR setups produce will give a winning trading career. And I will show these entries from time to time. My listing of setups found and their results remains as the only list I will keep. That is our watchlist which many have seen.
 
Hankt80 is not some evil person and I respect his giving STAR a try. I do not owe any one of you anything but I will not have such erroneous statements made and remain silent. Of course ForexMike does not get a dime of commission. C'mon.
 
Good trades to all of you.
 
Tom Hennessy
STAR Publisher.

No he had a hard time because of trying to use the system his own way.
 
He showed his proof of this.
 
He did that the first go-around when he decided he knew more and
would ONLY take certain retracement levels and then got what he
got. You must know statistics before you go venturing off into the
fringes of your own thinking. If you want to control the market
you are chasing an illusion. You must MATCH the market.
 
I have designed a complete system around this with full money
management and a sound statistical approach to great entries.
 
I showed my proof that it is illogical and impossible to lose that
much in the months he claims while following the correct MM.
 
It seems that only 'scam scam scam' and any negative is proof
positive of the concept that I am a vendor of forex and so I am
evil. LMAO - then what are you all doing here?
 
I came here to do what I could for Stan (hankt80). I still want
him happy but he remains unhappy and now seems entrenched in his
false claims that someone could lose that many times while
allowing the MM to protect him as it should and get long runners,
a big part of what STAR does.
 
A thinking person can watch the video on youtube:
http://supertradersclub.com/info/ytube_iii.htm
 
and know what STAR does, including the Master Level
money management and trade handling which anyone can
and should use, and know STAN did it different.
 
In his own words he stated "I just took all the signals".
 
That means he jumped out on short term trades when he
should have kept the runners running.
 
I still invite him back but it will take a man due to his
"position" he has created for himself here.
 
Stan, where did you get the idea that there is guaranteed
pips? Nobody can give that assurance any more than that
the sun will continue to rise next week. This is the plan
of attack and the billing will be cancelled if it does not
get you 6000 pips in any rolling quarter UNTIL you DO get
the 6000 pips. Not a bad offer imho.
 
also...
 
The idea that someone should not offer something good to
others for a fair price is quite full of holes and that
is just the most polite way I can say that.
 
TS Hennessy

No he had a hard time because of trying to use the system his own way.
 
He showed his proof of this.
 
He did that the first go-around when he decided he knew more and
would ONLY take certain retracement levels and then got what he
got. You must know statistics before you go venturing off into the
fringes of your own thinking. If you want to control the market
you are chasing an illusion. You must MATCH the market.
 
I have designed a complete system around this with full money
management and a sound statistical approach to great entries.
 
I showed my proof that it is illogical and impossible to lose that
much in the months he claims while following the correct MM.
 
It seems that only 'scam scam scam' and any negative is proof
positive of the concept that I am a vendor of forex and so I am
evil. LMAO - then what are you all doing here?
 
I came here to do what I could for Stan (hankt80). I still want
him happy but he remains unhappy and now seems entrenched in his
false claims that someone could lose that many times while
allowing the MM to protect him as it should and get long runners,
a big part of what STAR does.
 
A thinking person can watch the video on youtube:
http://supertradersclub.com/info/ytube_iii.htm
 
and know what STAR does, including the Master Level
money management and trade handling which anyone can
and should use, and know STAN did it different.
 
In his own words he stated "I just took all the signals".
 
That means he jumped out on short term trades when he
should have kept the runners running.
 
I still invite him back but it will take a man due to his
"position" he has created for himself here.
 
Stan, where did you get the idea that there is guaranteed
pips? Nobody can give that assurance any more than that
the sun will continue to rise next week. This is the plan
of attack and the billing will be cancelled if it does not
get you 6000 pips in any rolling quarter UNTIL you DO get
the 6000 pips. Not a bad offer imho.
 
also...
 
The idea that someone should not offer something good to
others for a fair price is quite full of holes and that
is just the most polite way I can say that.
 
TS Hennessy

No he had a hard time because of trying to use the system his own way.
 
He showed his proof of this.
 
He did that the first go-around when he decided he knew more and
would ONLY take certain retracement levels and then got what he
got. You must know statistics before you go venturing off into the
fringes of your own thinking. If you want to control the market
you are chasing an illusion. You must MATCH the market.
 
I have designed a complete system around this with full money
management and a sound statistical approach to great entries.
 
I showed my proof that it is illogical and impossible to lose that
much in the months he claims while following the correct MM.
 
It seems that only 'scam scam scam' and any negative is proof
positive of the concept that I am a vendor of forex and so I am
evil. LMAO - then what are you all doing here?
 
I came here to do what I could for Stan (hankt80). I still want
him happy but he remains unhappy and now seems entrenched in his
false claims that someone could lose that many times while
allowing the MM to protect him as it should and get long runners,
a big part of what STAR does.
 
A thinking person can watch the video on youtube:
http://supertradersclub.com/info/ytube_iii.htm
 
and know what STAR does, including the Master Level
money management and trade handling which anyone can
and should use, and know STAN did it different.
 
In his own words he stated "I just took all the signals".
 
That means he jumped out on short term trades when he
should have kept the runners running.
 
I still invite him back but it will take a man due to his
"position" he has created for himself here.
 
Stan, where did you get the idea that there is guaranteed
pips? Nobody can give that assurance any more than that
the sun will continue to rise next week. This is the plan
of attack and the billing will be cancelled if it does not
get you 6000 pips in any rolling quarter UNTIL you DO get
the 6000 pips. Not a bad offer imho.
 
also...
 
The idea that someone should not offer something good to
others for a fair price is quite full of holes and that
is just the most polite way I can say that.
 
TS Hennessy

No he had a hard time because of trying to use the system his own way.
 
He showed his proof of this.
 
He did that the first go-around when he decided he knew more and
would ONLY take certain retracement levels and then got what he
got. You must know statistics before you go venturing off into the
fringes of your own thinking. If you want to control the market
you are chasing an illusion. You must MATCH the market.
 
I have designed a complete system around this with full money
management and a sound statistical approach to great entries.
 
I showed my proof that it is illogical and impossible to lose that
much in the months he claims while following the correct MM.
 
It seems that only 'scam scam scam' and any negative is proof
positive of the concept that I am a vendor of forex and so I am
evil. LMAO - then what are you all doing here?
 
I came here to do what I could for Stan (hankt80). I still want
him happy but he remains unhappy and now seems entrenched in his
false claims that someone could lose that many times while
allowing the MM to protect him as it should and get long runners,
a big part of what STAR does.
 
A thinking person can watch the video on youtube:
http://supertradersclub.com/info/ytube_iii.htm
 
and know what STAR does, including the Master Level
money management and trade handling which anyone can
and should use, and know STAN did it different.
 
In his own words he stated "I just took all the signals".
 
That means he jumped out on short term trades when he
should have kept the runners running.
 
I still invite him back but it will take a man due to his
"position" he has created for himself here.
 
Stan, where did you get the idea that there is guaranteed
pips? Nobody can give that assurance any more than that
the sun will continue to rise next week. This is the plan
of attack and the billing will be cancelled if it does not
get you 6000 pips in any rolling quarter UNTIL you DO get
the 6000 pips. Not a bad offer imho.
 
also...
 
The idea that someone should not offer something good to
others for a fair price is quite full of holes and that
is just the most polite way I can say that.
 
TS Hennessy

No he had a hard time because of trying to use the system his own way.
 
He showed his proof of this.
 
He did that the first go-around when he decided he knew more and
would ONLY take certain retracement levels and then got what he
got. You must know statistics before you go venturing off into the
fringes of your own thinking. If you want to control the market
you are chasing an illusion. You must MATCH the market.
 
I have designed a complete system around this with full money
management and a sound statistical approach to great entries.
 
I showed my proof that it is illogical and impossible to lose that
much in the months he claims while following the correct MM.
 
It seems that only 'scam scam scam' and any negative is proof
positive of the concept that I am a vendor of forex and so I am
evil. LMAO - then what are you all doing here?
 
I came here to do what I could for Stan (hankt80). I still want
him happy but he remains unhappy and now seems entrenched in his
false claims that someone could lose that many times while
allowing the MM to protect him as it should and get long runners,
a big part of what STAR does.
 
A thinking person can watch the video on youtube:
http://supertradersclub.com/info/ytube_iii.htm
 
and know what STAR does, including the Master Level
money management and trade handling which anyone can
and should use, and know STAN did it different.
 
In his own words he stated "I just took all the signals".
 
That means he jumped out on short term trades when he
should have kept the runners running.
 
I still invite him back but it will take a man due to his
"position" he has created for himself here.
 
Stan, where did you get the idea that there is guaranteed
pips? Nobody can give that assurance any more than that
the sun will continue to rise next week. This is the plan
of attack and the billing will be cancelled if it does not
get you 6000 pips in any rolling quarter UNTIL you DO get
the 6000 pips. Not a bad offer imho.
 
also...
 
The idea that someone should not offer something good to
others for a fair price is quite full of holes and that
is just the most polite way I can say that.
 
TS Hennessy

I came by again to reply as requested.
 
The thing I first want to do is make sure Hank knows I am not against him in any way.
 
I am convinced through my experience with you, Hank that you are an honest and forthright person. In fact I wanted to come here with your interest in mind.
 
I know that you evidently lost money. I have done that too and of course it can make us angry. Even honest people will say things that are not completely true, especially if angry. That to me does not make you a dishonest person. Just a human like all of us.
 
I am here to refute some things but I consider you my colleague so I hope you look at what is said as just setting the facts straight that you have made somewhat crooked by your understandable anger. I want you to benefit from this and we'll be friends once more, I have no doubt.
 
This can be set out in a direct manner. There is your statement that you lost money from using STAR. I do not ever play the blame game as you have said. Ever. If you think my refuting things is blaming you then you must realize I am here to state that yes, let's agree to tell the truth about it and if you did step 1 and 2 etc, then you did those steps, nothing to do with blame.
 
The fact is that you lost money trading STAR and not talking about a stop here and there you lost what seems like an account draining, right? Now I was never asked about help or anything along the way. You just came out with this all at once.
 
Here is the problem, you accuse my system of causing this and state that I blame others which niether is the case. You had stated on this thread something to the effect that if you are stopping out too much it does not matter what the MM is and another comment defending your good MM usage.
 
I don't have a problem with you believing these things but if there is another fact of the matter let's hear it now. The MM you are informed to use is definitely good MM. Start with 3 partials taking the early conservative partial then a 2nd after that on a strong move and the 3rd let it run.
 
This design is sound. The only problem is that you must not have followed it. You began but it just is only possible to end up where you did by not following the 3rd one.
 
You never let your trades run. I remember how active you were but did not know this was what you were doing. It is the simple fact that this is the ONLY explanation that is possible because of the way STAR works and some basic facts about MM and equity.
 
I have taken a month and thoroughly examined an entire month of trades because several months ago there was an expansion to allow more trades in and I felt that the filter added to help restrain that extra trade opportunity so it was not too loose was still not quite there. You recall a filter was added recently, a zigzag, but that had not a good determining ability.
 
So I do happen to have the bottom line result from the month of January - all the trades from the watchlist, both recent and still running. This shows trade results as they were done and it shows the trades with new filters and 2 new indicators to apply them. These filters show a remarkable improvement.
 
We will be implementing this in the member forum as well as premium but just began already in premium. The thing about this is that it shows typical results on the ORIGINAL side that gives the way STAR works. Without the filters just as they were taken there is just no room for what you experienced - EXCEPT - if you do not let them run as is the part of the MM.
 
Now before I show this I will state the obvious. This is not a backtestable system. If I or anyone shows a result that is actual from ANY manual trading system it is the representation of ONLY that person's implementation.
 
I have heard for 5 years ( STAR turns 5 this week ) all the arguments and they only show a misunderstanding of the real - I mean the real real, thing that MUST truly apply to a manual system's
results. The fact is that there is no purely true actual representation which is true to the system because the system is just rules on a page. If it is an EA, yes it can be backtested and a theory shows up but not a manual one. A manual system requires you and me.
 
Not just you and not just me if we are to get the nearest picture of what it is doing. The truth is that only a group of users will be able to get closest to the theoretical potential of a manual system. If you do not see that then you may re-read it but do not bother arguing against it. Besides there is no valid argument against it. Just the facts and I didn't make it this way, its reality.
 
If the trade is not allowed to follow the full MM through to completion is that a true result? Of course it is a true result on an account but not on the account of the system's rules. That's the difference. That is not blame, again it is only the way it has to be viewed to do it honestly.
 
Now if these are not my trades I'm talking about how can I be sure of this? Because of basic facts. I wanted to find out how many trades it takes to kill an account and so I used my equity growth sheet and plugged in a MINUS 3% instead of a plus 3%. Know how many consecutive trades to kill a $1000 account? 200. Know how many to kill a $10,000 account? 200.
 
Here is a pic and also if you want you may go and download the sheet here: http://supertradersclub.com/equity (it is locked so you need to d/l to use).
 
http://www.supertradersclub.com/images/how-many-to-drain-funds.jpg
 
 
So it really takes an effort to do that. Can it be done with STAR using the great MM? No it cannot. We have 4 years of group use. This pic of January results will give you an idea. The idea you will get will be twofold.
 
First you will realize that yeah it must be worthwhile to use STAR with the full MM and letting trades ride. That simply means that if you are in a long runner you don't take every taxi ride going in the other direction. You let it ride. at some point when you are well in profit you may take a signal going the other way. If you take the next signal you did not follow the MM. You did not let it ride.
 
Second you will notice.... wait a minute here. I have to state the obvious again here... These numbers are not intended to mean all these pips come home to you. The only way that this can be stated when you have the discretion to let it ride - is that there was room to let it ride and that means no stop on the original trend extreme. Ok now, Second you will notice that if we have this many pips caught on tape meeting trade criteria, you should be able to snag a few. ;)
 
http://www.supertradersclub.com/images/130228-January%20Trades%20Filters%20Results.jpg
 
 
Now what the filters are doing is giving a trend reversal or rejoin criteria to how the trades will be triggered or filtered out. Also the original filter I mentioned has been modified. It worked and we also have some of the strength of a secondary signal but it is done with a new histogram indicator to make it easier. The largest stop before was 142 pips and new filters made that 42. These do not really show the full impact that will come as trades will be able to run. But it shows that there is no way you can kill an account with STAR, just while not using it the way it should be used.
 
That is a fact. I will be putting the results sheet of these January trades together and you may see the actual trade date triggers but first I have to remove all my filter testing junk.
 
Come back Hank, your membership is still good. We do miss you and you will benefit. 3rd time's a charm, bud.
 
Tom Hennessy