PIPHORE Posted January 10, 2011 Report Share Posted January 10, 2011 anybody has this? they claim The Most Incredible Trading System Ever! 99.83% Success Rate! Quote Link to comment Share on other sites More sharing options...
ForexExpert Posted January 10, 2011 Report Share Posted January 10, 2011 anyone got this ? Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted January 11, 2011 Report Share Posted January 11, 2011 Here's a link for the website: http://www.forexrenewal.com/index.php Anyone tried this? Quote Link to comment Share on other sites More sharing options...
hermanhess Posted January 11, 2011 Report Share Posted January 11, 2011 he says he was active on ff, anyone know what his ff user name was? Quote Link to comment Share on other sites More sharing options...
⭐ deadsoul Posted January 11, 2011 Report Share Posted January 11, 2011 (edited) well read this about the system .... Barry let me test his Forex Renewal System so I could do another product review. I admit that I am impressed – this strategy is the real deal. I will share the basics but not give any details because then I would be giving the strategy away and I can’t do that. This is a very simple support and resistance strategy that anyone can use. I tested it for two weeks and I was successful every day except for two days and on those days I had a break even trade and one loss for 10 pips. Here are the key benefits. * The strategy is profitable * Easy to use * Doesn’t take a lot of time There are not many negatives here but I will mention them to do a fair and objective review. Here are the negatives: * Limited profits, some of my trade gains were small (I know, how can I complain, they were still profits) * Limited time frame, you can only trade this strategy at a certain time Overall this is a great strategy and I recommend it for traders that are looking for a profitable trading strategy. If you use a trading plan with good money management this strategy will be a winner for you. Edited January 11, 2011 by deadsoul taipan and freddy 2 Quote Link to comment Share on other sites More sharing options...
⭐ deadsoul Posted January 11, 2011 Report Share Posted January 11, 2011 and this... Never enter a trade unless you are 100% sure of the outcome. There is an indicator that a lot of traders use called Stochastic. It means 'probability'. What is the probability that my trade will hit my profit target? On a roulette wheel your probability of winning or losing is 50/50. You pick either black or red, just like tossing a coin, how many times in a row can you pick heads or tails? With the currency market you can, by studing and learning, developing discipline and patience move the odds in your favor. But, would you place a trade if you were 90% certain that it will be in your favor? That means there is a 10% chance it will go against you. What about 95%? You have probably been absolutely certain that a currency pair was going to go exactly as you predicted only to watch it go in the opposite direction. Why did you place the trade? Did you want to lose your money? Of course not! There was some piece of the puzzle that you didn't have. If you had had that piece of information you would have stayed out of the trade or traded in the right direction. "You have got to know the rules." In the month of December 2010 I had 65 positive trades in a row without any losses. Even though I was 100% certain that each trade would produce at least 20 pips, I did not know how much time each trade would take. Most trades take less than 15 minutes, some trades take as long as 30 minutes, but there are a few trades that make you wait and wait. One such trade was a long entered on the GBP/USD. I was 100% certain that this was going to be a trade, based upon my system, that would produce 20 pips. I entered the trade and immediately set a stop. The stop was never hit but the trade was in the oven for ten days. Even though the system was correct, many other opportunities were lost on the GBP/USD during those ten days. Did I miss something or ignore one of my own rules? NO! It's just that every now and then a black swan swims by and reminds me that the market is complete control, all I can do is wait. But waiting for a trade I know is going to be positive is much better than watching a trade go against me and maybe never come back. Quote Link to comment Share on other sites More sharing options...
⭐ deadsoul Posted January 11, 2011 Report Share Posted January 11, 2011 and i search all barry nick names in forexfactory..if his nick name is barry.... Barry Cade Aug 2008 United Kingdom 321 Posts 2 Comments BarrySDCA Jul 2007 United States 141 Posts 2 Threads BarryPips Jan 2008 Canada 25 Posts 1 Threads Barry777 Nov 2009 Philippines 5 Posts barryc Jun 2004 1 Posts barry1089 Oct 2010 United Kingdom 1 Posts barrystuden Apr 2009 United States 11 Comments barrysent Jun 2009 Nigeria Barry Jul 2009 Australia barrytanpc Jul 2009 Singapore barrygee Oct 2009 United Kingdom barryb Dec 2009 Australia barrywise Jan 2010 Singapore BarrylWatson Apr 2010 United Kingdom FBarryF Apr 2010 New Zealand michaelbarry Apr 2010 United Kingdom Barry Smith May 2010 Australia pbarryde Aug 2010 Hong Kong Quote Link to comment Share on other sites More sharing options...
freddy Posted January 11, 2011 Report Share Posted January 11, 2011 and i search all barry nick names in forexfactory..if his nick name is barry.... http://www.forexfactory.com/showthread.php?t=272924&page=31[/Code] Read post#463 Quote Link to comment Share on other sites More sharing options...
Pizzazz79 Posted January 11, 2011 Report Share Posted January 11, 2011 Deadsoul, sound interesting, what timeframes does it works on? Quote Link to comment Share on other sites More sharing options...
⭐ deadsoul Posted January 11, 2011 Report Share Posted January 11, 2011 Deadsoul, sound interesting, what timeframes does it works on? @pizzazz79...we are trying to figure it out..it will be shared sooner or later ...its just support and resistant system as you can read above... Pizzazz79 1 Quote Link to comment Share on other sites More sharing options...
freddy Posted January 11, 2011 Report Share Posted January 11, 2011 Reading from Deadsoul post: "This is a very simple support and resistance strategy that anyone can use. I tested it for two weeks and I was successful every day except for two days and on those days I had a break even trade and one loss for 10 pips. Here are the key benefits. * The strategy is profitable * Easy to use * Doesn’t take a lot of time" and from forexrenewal's website: CHOOSE ONE TIME PURCHASE OPTION #1 FOREX RENEWAL New York Session OR London Session with 3 Days follow up e-mail Pick one New York Session $49.95 London Session $49.95 CHOOSE ONE TIME PURCHASE OPTION #2 FOREX RENEWAL London & New York Sessions & 3 Days follow up email - $69.95 CHOOSE ONE TIME PURCHASE OPTION #3 FOREX RENEWAL - New York, London, Asian, & European Sessions & 3 Days followup email- $99.95 ============== I suppose it is a breakout strategy of the last consolidation before a new session opens (like London Open strat) Quote Link to comment Share on other sites More sharing options...
happy12 Posted January 11, 2011 Report Share Posted January 11, 2011 A friend mentioned it to me a while back. Something like draw a line from 2am eastern time to 7am eastern time. If market above the line buy. Nothing to waste any money on. Quote Link to comment Share on other sites More sharing options...
robjojr Posted January 11, 2011 Report Share Posted January 11, 2011 I asked the author of the system a question concerning what was meant by trading at a "certain time" He gave a quite detailed answer covering other aspects of his system. Below you will find my question followed by his answer. May be helpful in understanding a bit more about his system. My question: I saw the following review of your system in a forum: Here are the key benefits. * The strategy is profitable * Easy to use * Doesnâ?Tt take a lot of time There are not many negatives here but I will mention them to do a fair and objective review. Here are the negatives: * Limited profits, some of my trade gains were small (I know, how can I complain, they were still profits) * Limited time frame, you can only trade this strategy at a certain time My question revolves around the "certain time" mentioned in the review. I take that to mean this is traded at a certain time or narrow window of time for each market session? Can you disclose how far into each session this time would be? I ask because that could be a determining factor in which market or markets I would purchase. I'm on the west coast of the U.S. so for me Asia starts at 16:00, Europe 23:00, London 00:00, and N.Y. 5:00. I would prefer to plan ahead so I would choose one that wouldn't conflict too much with sleeping or working. His answer: I sell a trading strategy (system) for each trading session, New York, London, European, Asian, that has proven to be very consistent and profitable. It is based upon price action and taking opportunity of signal candles given throughout a 24 hour day. Although I do use a few indicators they are only for confirmation. When a trader makes a one time purchase of the Forex Renewal System I send the system via email and then send screen shots of each days trades with explanation of the signal, TP, and Stop. I don't offer signals but I do teach traders how to recognize a signal on their own so that they can continue trading in the same way. All my trades are on a live account. The trading record is very long, about 35 pages for the 530 winners in a row. But anyone is welcome to see my trading record if they care to come to Canton, Ohio. All trades are taken on a 15 minute TF. I use the GBP/USD, EUR/USD, USD/JPY, USD/CAD, USD/CHF, AUD/USD. But to start out I recommend the G/U and E/U. Decembers trading record was 65 positive trades and 0 losses. I think November's was 45 and 0. I first came up with this system in April of 09 and have been trading it ever since. Nearly all my trades are for 20 pips, but that comes with experience and patience, and I have a 20 pip SL. This system can be traded through out a session, but I can only be 100% of what will happen about 30 to 45 minutes after a session opens. After that it's anybodys guess. But there are special indicators that offer good signals to trade off of. Should you decide to come on board I would recommend the London session, that way if you saw a signal at 03:15 EST you would be out with 20 pips by 04:00 at the latest. And if you didn't see a signal you wouldn't have to trade. Hope that helps, Barry Lounge, freddy and SamW 3 Quote Link to comment Share on other sites More sharing options...
Freddie Posted January 12, 2011 Report Share Posted January 12, 2011 http://www.forexfactory.com/showthread.php?t=272924&page=31[/Code] Read post#463 I have been following that! Interesting, lots of good reports but no details, on the system. Cynics suggesting that he is Barry!!! Usual FF rubbish. Nice it only happens infrequently here. Quote Link to comment Share on other sites More sharing options...
fxshare Posted January 14, 2011 Report Share Posted January 14, 2011 looks interesting.. if any one have got it, please share . thanks Quote Link to comment Share on other sites More sharing options...
chetachukwu Posted January 14, 2011 Report Share Posted January 14, 2011 Barry's support and resistance indicator is one piece of rubbish that i know. Quote .....SELFISHNESS IS A DISEASE..... Link to comment Share on other sites More sharing options...
SamW Posted January 14, 2011 Report Share Posted January 14, 2011 Barry's support and resistance indicator is one piece of rubbish that i know. Please chetachukwu can you share or explain the system? Quote Link to comment Share on other sites More sharing options...
alankw88 Posted January 15, 2011 Report Share Posted January 15, 2011 Barry's support and resistance indicator is one piece of rubbish that i know. Looking forward to your further explaination on this. Thanks Quote Link to comment Share on other sites More sharing options...
debabs Posted January 15, 2011 Report Share Posted January 15, 2011 can someone share this? Quote Link to comment Share on other sites More sharing options...
hermanhess Posted January 18, 2011 Report Share Posted January 18, 2011 seems the system has a 1:1 ratio 20 pip tp as well as 20 pip sl, so a win to loss ratio of over 99% would make it outstanding ..... exceptional .... if true of course Quote Link to comment Share on other sites More sharing options...
kraven Posted January 18, 2011 Report Share Posted January 18, 2011 seems the system has a 1:1 ratio 20 pip tp as well as 20 pip sl, so a win to loss ratio of over 99% would make it outstanding ..... exceptional .... if true of course it would be the 'holly grail' hermanhess.. As for you guy's asking about chetachukwu's 'Barry's support and resistance indicator is one piece of rubbish that i know' comment. it's just what he say's, no system or strategy, just a S/R indicator.....download here: hxxp://codebase.mql4.com/627 Quote Link to comment Share on other sites More sharing options...
kraven Posted January 19, 2011 Report Share Posted January 19, 2011 okay lads and lasses, after reading this thread i did a bit of digging (the things i do for you's lot)... THERE ARE ONLY 7 RULES TO FOREX RENEWAL #1 Draw a horizontal line on the open and close of the control candle. #2 Draw an Eagle line for your session for confirmation. #3 Wait for a signal candle - one that opens and closes above or below (with nothing touching) the Horizontal line. #4 On the next candle, enter in the direction of the signal candle after 2 or 3 pips, set TP at 20, SL at 20 pips below the horizontal line. #5 Don't trade between the 21ema and 60sma unless you see 20 pips available #6 Don't enter a trade on the 60sma, wait for the price to break above or below #7 Look at higher TF to see where you’re going. TERMINOLOGY 1) control candle (the one with the high / low lines marked) 2) signal candle (the one that opens and closes without touching) 3) entry candle (the candle that passes high or low of signal candle by 2-3 pips, we enter the trade) how do i know this....well i got into the FX Renew@l forum hxxp://finance.groups.yahoo.c0m/group/RenewalSystem/message/319 319 messages (u can flick through them all) here's some pics........ hxxp://www.screencast.c0m/users/GiveMeFatPips/folders/Forex%20Renewal%20Trades/media/f8400ba5-589a-4fdd-85c7-18a8b46ebb82 ......:-bd freddy, crodzilla, hermanhess and 5 others 8 Quote Link to comment Share on other sites More sharing options...
jamestan1978 Posted January 19, 2011 Report Share Posted January 19, 2011 It says this system requires alot of discretion.. and guess what does that mean? it means you cannot fault them and ask for refund... as they will have 101 reasons why your trades doesnt work even if you follow their rules.. there are no real result posted. Quote Link to comment Share on other sites More sharing options...
hermanhess Posted January 19, 2011 Report Share Posted January 19, 2011 thks kraven ..... :) look what i found in the yahoo group I am sorry folks, but I will no longer be posting into this forum as there is a site out there that has managed to get a read access to this private forum. I am concerned that anything I say would be giving away Barry's system and I do not want to do that. It looks like the files are safe as I went through the link they have after I signed off and it indeed does allow me to read all 319 posts, but does not allow access to the Files section. So for now I will leave my files there unless Barry asks me to remove them. Sorry, and Kind Regards, Scott He posted this msg as soon as kraven made his post about the yahoo group so clearly this guy is in here everyday using all the resources our forum has and then takes the high moral ground and pretends to look like a saint and speaks ill of us. Quote Link to comment Share on other sites More sharing options...
hermanhess Posted January 19, 2011 Report Share Posted January 19, 2011 another suggestion from the creator of the system - One of Barry's suggestions is to avoid trading after any candle over 30 pips from high to low. Quote Link to comment Share on other sites More sharing options...
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