conglo Posted May 15, 2011 Report Share Posted May 15, 2011 http://www.megaupload.com/?d=6ANL3N7A I dubbed this the Heyma method as in, "Hey Ma! No indicators!" EURUSD H4 Buy limit at the low of the previous H4 bar IF: 1. The low of the previous H4 bar is above the low of the previous month 2. The open of the current H4 bar is above the high of the previous month Add to your position at each H4 low as per first two rules Exit all positions at the previous H4 high Opposite for sells No stops That's it. taipan, domonkos, alright and 1 other 4 Quote Link to comment Share on other sites More sharing options...
freddy Posted May 15, 2011 Report Share Posted May 15, 2011 Hi Conglo, Thanks for sharing, but could you explain a bit more. Unless I did not get it, you would be down around 750 pips if you had taken the buy signal (may 4th 04PM) see pic: http://img851.imageshack.us/img851/363/heyman.jpg Quote Link to comment Share on other sites More sharing options...
conglo Posted May 15, 2011 Author Report Share Posted May 15, 2011 You would have exited the trade two candles later Hi Conglo, Thanks for sharing, but could you explain a bit more. Unless I did not get it, you would be down around 750 pips if you had taken the buy signal (may 4th 04PM) see pic: http://img851.imageshack.us/img851/363/heyman.jpg freddy 1 Quote Link to comment Share on other sites More sharing options...
Hagar1713006266 Posted May 16, 2011 Report Share Posted May 16, 2011 You definitely need to have a pair of big ones to trade without stops, especially on a 4hr chart where you presumably will not be in front of the screen 24/5, I am not knocking your system, but personally I cannot trade without the security blanket of a hard stop. Thanks for sharing :) Quote Link to comment Share on other sites More sharing options...
conglo Posted May 16, 2011 Author Report Share Posted May 16, 2011 (edited) I'd say mine are about average. Stops are the main reason you lose. I seem to be the only one on this forum with that opinion. I've published other very simple and profitable methods on this forum, I don't think any of them have stops, nobody is interested. I'm trading them. I've been at this for a long time and come up with hundreds of methods. Anyone here remember MetaStock for DOS? The first thing that will ruin a good method is stops. I've said it before, I'll say it again, 95% of traders all believe the same things. 95% of traders lose. Everyone has their opinion, that's mine and I'm sticking to it. Edited May 16, 2011 by conglo Stonecold69 and jjames 2 Quote Link to comment Share on other sites More sharing options...
Freddie Posted May 16, 2011 Report Share Posted May 16, 2011 ... Stops are the main reason you lose....I've said it before, I'll say it again, 95% of traders all believe the same things. 95% of traders lose....Everyone has their opinion, that's mine and I'm sticking to it. Do you have any data for your opinions? I would imagine that people have many reasons for losing in forex but I do believe that there is no hard data. If it were simply stop losses, then the multitude of other Gurus would have discovered this by now. Generalisations based on 'urban myth' or ' what everybody knows' are without a scientific basis. Not knocking your thread but you do need to curtail your unfounded statements a little. I have seen some of your methods and passed over them for various reasons. Mostly they did not suit me but then it is each to his own. Quote Link to comment Share on other sites More sharing options...
conglo Posted May 16, 2011 Author Report Share Posted May 16, 2011 (edited) Looks like you only read part of my post, Freddie. Edited May 16, 2011 by conglo Quote Link to comment Share on other sites More sharing options...
demontaz Posted May 16, 2011 Report Share Posted May 16, 2011 Hi, I know you dont like indicators but do you think this could be made into one for visual eyecandy? Thanks Quote Link to comment Share on other sites More sharing options...
crodzilla Posted May 17, 2011 Report Share Posted May 17, 2011 Conglo, you have the same beautiful methodology as Brijon at FF. Trading Forex with stops is a true path to ruin. Forex is a business, every business runs in a drawdown. Managing the drawdown is where the money is made... Quote MarketCycle-360.com Link to comment Share on other sites More sharing options...
conglo Posted May 17, 2011 Author Report Share Posted May 17, 2011 I'm sure you can find an indi to print the monthly high and low, that's all you need. Hi, I know you dont like indicators but do you think this could be made into one for visual eyecandy? Thanks Quote Link to comment Share on other sites More sharing options...
conglo Posted May 17, 2011 Author Report Share Posted May 17, 2011 Thank you for your support. I think what's even more crucial is when to take the profit and how to stack trades. I disagree with the axiom "if you cut your losses the profits will take care of themselves"; I think it's just the opposite. It would be true if markets trended most of the time, but we all know they do not. I'm sure I'll get flak on that one, too. Conglo, you have the same beautiful methodology as Brijon at FF. Trading Forex with stops is a true path to ruin. Forex is a business, every business runs in a drawdown. Managing the drawdown is where the money is made... Quote Link to comment Share on other sites More sharing options...
indo37 Posted February 14, 2012 Report Share Posted February 14, 2012 I seem to be the only one on this forum with that opinion. I've published other very simple and profitable methods on this forum, I don't think any of them have stops, nobody is interested. I'm trading them. . Hi Conglo, I`m of same opinion. Where could I find your published methods? Thanks indo37 Quote Link to comment Share on other sites More sharing options...
hermes Posted February 14, 2012 Report Share Posted February 14, 2012 (edited) It is similar to my One Week Rule and 1WR works. Stopplosses are grave yards of trading. Why I get the ****** FBI-anti-piracy warning when I want to download it? Is the megaupload really seized? Hermes Edited February 14, 2012 by hermes Quote Link to comment Share on other sites More sharing options...
crodzilla Posted February 15, 2012 Report Share Posted February 15, 2012 Yes, toast. Feds got it. Quote MarketCycle-360.com Link to comment Share on other sites More sharing options...
hermes Posted February 16, 2012 Report Share Posted February 16, 2012 (edited) Bustards anyway! And why Wall Street and market makers doesn't get toasted? Edited February 16, 2012 by hermes Quote Link to comment Share on other sites More sharing options...
anton1713006147 Posted February 16, 2012 Report Share Posted February 16, 2012 re-up please... thank you bro and sis alansim 1 Quote Link to comment Share on other sites More sharing options...
vladv Posted February 18, 2012 Report Share Posted February 18, 2012 Please reupload it! Quote Link to comment Share on other sites More sharing options...
anton1713006147 Posted December 27, 2012 Report Share Posted December 27, 2012 Hi man, Please re-up. Thank you Quote Link to comment Share on other sites More sharing options...
osaze Posted December 27, 2012 Report Share Posted December 27, 2012 bumping this one!!!!!!.... Quote One obvious truth.FOREX IS ANYTHING BUT EASY Link to comment Share on other sites More sharing options...
hermes Posted December 27, 2012 Report Share Posted December 27, 2012 conglo is right about the stop losses. Brokers have developed software's which hunts all SL from fibs, round numbers, support & resistance, trend lines and God knows only what else! Even ECN is full of those software's. There are no honest brokers because they make money when you lose. It is a chess game between you and the broker. EAs and scripts for hiding stop losses are psychological help but software catches also those. Change your MAs like 50, 100, 200 to rare. I use fibs numbers instead. Go away from the crowd, and get individual and secretive as possible. What gets public gets trash! Hermes ⭐ Ormazd and ⭐ mr12323 2 Quote Link to comment Share on other sites More sharing options...
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