waterskiguy Posted October 15, 2011 Author Report Share Posted October 15, 2011 Both posts above - so correct ..... know they self and what you do once you are in the trade is what will make ya or break ya. Quote Link to comment Share on other sites More sharing options...
wang4871 Posted December 15, 2011 Report Share Posted December 15, 2011 waterskiguy, you said "...most people do not understand how time frames work within each other..." could you pls give us some guidelines, and better with examples to explain how time frames work within each other ? I found that is most important in trading. If you really understand how time frames work within each other you can trade any system successfully. Pls share your expertise in this respect. Thank you in advance Quote Link to comment Share on other sites More sharing options...
waterskiguy Posted December 18, 2011 Author Report Share Posted December 18, 2011 Yes contact me on skype waterskiguy and I will explain. Quote Link to comment Share on other sites More sharing options...
waterskiguy Posted December 18, 2011 Author Report Share Posted December 18, 2011 A lot of trade systems that have come out lately speak or mention somewhere in the sales "pitch" about "trading with the hedge funds, institutions, big boys, market makers" etc etc The pitch makes it seems like if you know "the secret" you will be set free and have the keys to the vault - "just follow the big boys and you are all set". There is some truth to that however it is not as glamorous or secretive as they make it out to be. Here is the big SECRET ...... There are 3 time frames that move the market or determine turns in the market. They are daily, weekly and monthly. Sure positions from the big banks, private large investment funds etc etc are taken on fast time frames like 30 min and 1hr etc etc BUT they are taken with the trend - they are taken within context of the market not against it. Pull up a blank chart - the weekly - draw in your s/r lines at all the turns/ swings - those are your key levels those are areas in the market that will act like magnets. Those swings/ turns were made BY HUGE amounts of accumulation or distribution - also known as buying or selling. The amount of buying or selling that went on at those turning points had to have been massive, much more then you or I could ever as a retail trader place on the line. So who was it that placed enough "orders" at those levels? You got it the "big boys, banks, private firms, countries ... etc etc The turning points/ swings/ support, resistance levels on the monthly or weekly charts are key in trading. Fine tune your entry on the daily or 4hr only in the direction of those charts, weekly for sure. The monthly not so important as taking a trade opposite to what the monthly is doing on a 4hr chart a lot of the time will be fine but alwyas make sure you use the weekly as your trend direction. ALWAYS use weekly. smurf43, konstantin, jmwaraujo and 13 others 16 Quote Link to comment Share on other sites More sharing options...
sgsgsg Posted December 20, 2011 Report Share Posted December 20, 2011 A lot of trade systems that have come out lately speak or mention somewhere in the sales "pitch" about "trading with the hedge funds, institutions, big boys, market makers" etc etc The pitch makes it seems like if you know "the secret" you will be set free and have the keys to the vault - "just follow the big boys and you are all set". There is some truth to that however it is not as glamorous or secretive as they make it out to be. Here is the big SECRET ...... There are 3 time frames that move the market or determine turns in the market. They are daily, weekly and monthly. Sure positions from the big banks, private large investment funds etc etc are taken on fast time frames like 30 min and 1hr etc etc BUT they are taken with the trend - they are taken within context of the market not against it. Pull up a blank chart - the weekly - draw in your s/r lines at all the turns/ swings - those are your key levels those are areas in the market that will act like magnets. Those swings/ turns were made BY HUGE amounts of accumulation or distribution - also known as buying or selling. The amount of buying or selling that went on at those turning points had to have been massive, much more then you or I could ever as a retail trader place on the line. So who was it that placed enough "orders" at those levels? You got it the "big boys, banks, private firms, countries ... etc etc The turning points/ swings/ support, resistance levels on the monthly or weekly charts are key in trading. Fine tune your entry on the daily or 4hr only in the direction of those charts, weekly for sure. The monthly not so important as taking a trade opposite to what the monthly is doing on a 4hr chart a lot of the time will be fine but alwyas make sure you use the weekly as your trend direction. ALWAYS use weekly. Well Spoken !!!! Each word written above waterskiguy is worth a milion Quote Link to comment Share on other sites More sharing options...
Banned Forever Posted January 5, 2012 Report Share Posted January 5, 2012 Well Spoken !!!! Each word written above waterskiguy is worth a milion Each word of waterskiguy is pretty much common knowledge, at least for an average trader. But just common knowledge won't make you a successful trader. Unfortunately, he has nothing else valuable to say for a year and 56 pages. Time to close the thread. tryitagainmf and alansim 2 Quote Link to comment Share on other sites More sharing options...
hankt80 Posted January 5, 2012 Report Share Posted January 5, 2012 Each word of waterskiguy is pretty much common knowledge, at least for an average trader. But just common knowledge won't make you a successful trader. Unfortunately, he has nothing else valuable to say for a year and 56 pages. Time to close the thread. If its so common why didnt you write it yourself?, if he didnt have anything to say the thread wouldnt have 56 pages dont you think? ddam3 and maddman 2 Quote Link to comment Share on other sites More sharing options...
Banned Forever Posted January 6, 2012 Report Share Posted January 6, 2012 If its so common why didnt you write it yourself?, if he didnt have anything to say the thread wouldnt have 56 pages dont you think? Actually I did... My original login was 'phreak', and I was banned for expressing my opinion about waterskiguy's lame hype without any explanations or reasons provided - check it out :) Quote Link to comment Share on other sites More sharing options...
CFD-master Posted January 8, 2012 Report Share Posted January 8, 2012 (edited) I have said this before and I will say it again. The amount of success you have with this system or any system comes down to your general knowledge of trading. Every system has losses. The "trick" in trading is not triggering into the trade, that is the easy part. The skill in trading is managing the trade once you are in the market and learning how to manage the losses that will come your way. I am giving you the entry method BUT how good you do will come down to your experience in general and how much screen time you have under your belt. Hi, Dear waterskiguy!!! I live in Uzbekistan. In forex I almost beginner, on this am necessary your help (I already in crisis - has enclosed on really 600 $ and has merged up to 300 $). I have read this thread almost completely. On this wanted with you to communicate, I since 7-8 months work and I study many strategy, but is useless. Is necessary profitable and safe strategy (or indicators). Once again I shall forgive, if probably help me, please! Mine mail: [email protected] Edited January 8, 2012 by CFD-master Quote Link to comment Share on other sites More sharing options...
waterskiguy Posted January 9, 2012 Author Report Share Posted January 9, 2012 Hi, Dear waterskiguy!!! I live in Uzbekistan. In forex I almost beginner, on this am necessary your help (I already in crisis - has enclosed on really 600 $ and has merged up to 300 $). I have read this thread almost completely. On this wanted with you to communicate, I since 7-8 months work and I study many strategy, but is useless. Is necessary profitable and safe strategy (or indicators). Once again I shall forgive, if probably help me, please! Mine mail: [email protected] Trading is not easy - took me 3 full years before I got it then 2 more until I was consistently making $$. It is not get rich quick that's for sure. Never give up and you will make it but if you are new to trading you have a lot of homework to do. If you are losing then go to demo account until you really understand the markets and how to trade. smurf43 and hellboy1713006415 2 Quote Link to comment Share on other sites More sharing options...
hermes Posted January 9, 2012 Report Share Posted January 9, 2012 Forex trading is easy, at least much easier than trading stocks if you have the right tools! I love Forex trading. Hermes gopala, smurf43 and GoodVibrationS 3 Quote Link to comment Share on other sites More sharing options...
GoodVibrationS Posted January 9, 2012 Report Share Posted January 9, 2012 Hi hermes, I believe in you but the problem is... what are the right tools ;) Quote Link to comment Share on other sites More sharing options...
ddam3 Posted January 9, 2012 Report Share Posted January 9, 2012 Forex trading is easy, at least much easier than trading stocks if you have the right tools! I love Forex trading. Hermes OK I'll bite, what tools are currently working for you? Quote Link to comment Share on other sites More sharing options...
kaze Posted March 6, 2012 Report Share Posted March 6, 2012 hello guys I have a problem since I copy all the files in the right MT4 Folders but no arrows appears on my charts!!??? What's wrong?? Please Who is using this method reply me thank you very very much!! Quote Link to comment Share on other sites More sharing options...
joe_trader Posted April 29, 2012 Report Share Posted April 29, 2012 I've installed the system but don't seem to have arrows on the alpha trader method template. The yellow one with commentary has arrows and alerts but the other does not...did I make a mistake on the install? Quote Link to comment Share on other sites More sharing options...
joe_trader Posted April 29, 2012 Report Share Posted April 29, 2012 Regarding the arrows not showing up (in my previous post), the yellow magenta template is the same as the alphatrader strategy except with more bell and whistles so it's all good. Quote Link to comment Share on other sites More sharing options...
hellboy1713006415 Posted April 30, 2012 Report Share Posted April 30, 2012 Trading is not easy - took me 3 full years before I got it then 2 more until I was consistently making $$. It is not get rich quick that's for sure. Never give up and you will make it but if you are new to trading you have a lot of homework to do. If you are losing then go to demo account until you really understand the markets and how to trade. @waterskiguy, nicely put.Trading is Simple but not easy.Entry is only a part of the whole.Its the trade management which brings the laurels for the trader, but the trade management like position size, scaling in/out/ stops, exits are often overlooked by many.Instead of searching for the holy indicators, its best to understand the mkt structure and auctioning process.Price action is the direct radar.Well to reach the level of an expert in any field it takes a minimum of ten years.And that too lot of hard work, sweat and blood.Increasing ones screen time wisely is the way.Once one gets to know what would work for him, then he can code his strategy.Even then mkt is dynamic and every system has its redundancy period, so evolution is must. Quote Link to comment Share on other sites More sharing options...
hermes Posted April 30, 2012 Report Share Posted April 30, 2012 Everybody needs different tools like everybody has a different face. They have to match your character. My work excellent for me but nothing comes for free, I spent many, many hours with testing the best for me. Hermes Quote Link to comment Share on other sites More sharing options...
smurf43 Posted April 30, 2012 Report Share Posted April 30, 2012 Everybody needs different tools like everybody has a different face. They have to match your character. My work excellent for me but nothing comes for free, I spent many, many hours with testing the best for me. Hermes Very well said, hermes!! I am begining to understand this fact! It has been an amazing (also mostly stressful and furtstrating) journey. I hope I would reach that final destination point. Quote Link to comment Share on other sites More sharing options...
wah_castle Posted May 9, 2012 Report Share Posted May 9, 2012 HI, can I ask what is the criteria for the arrow? When the arrow will appear up or down? Thanks a lot. Quote Link to comment Share on other sites More sharing options...
wah_castle Posted May 14, 2012 Report Share Posted May 14, 2012 I have scrolled the chart last weekend. This system is really amazing. And it is the most close to holy grail system which I have ever tested. Anybody is using it now? Quote Link to comment Share on other sites More sharing options...
kaylan Posted May 14, 2012 Report Share Posted May 14, 2012 I have just started demo trading. so far looks very promising. Quote Link to comment Share on other sites More sharing options...
aggieman01 Posted May 16, 2012 Report Share Posted May 16, 2012 The system is awesome. If you following the rules you will make money. Quote Link to comment Share on other sites More sharing options...
apple1937 Posted May 16, 2012 Report Share Posted May 16, 2012 The system is awesome. If you following the rules you will make money. You meant the original version created by waterskiguy? :) Quote Link to comment Share on other sites More sharing options...
hankt80 Posted May 16, 2012 Report Share Posted May 16, 2012 I just started testing this system but I agree with above comment ''looks very promising'' Always trade with weekly,daily trend and aim for 1:2 RvR, dont even try trading it on TF lower than 4H and you will be fine. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.