Kas Ultimate Trading System

[tymen1]

but if all systems fail then how do you trade and make consistent profits?

To help answer your question I will bring in an expert. Have a look at the following hyperlink :

The Trading Game

[caireono]

Sorry guys, I took all the critics and negativity - and I will continue posting here what I think is best for all the forex community -

see attachments - I got losing trades already (but somehow because I tried to modify the original rules, I will get back to use my old rules - be patient, there will come a time where I will share the technique to everyone when I AM 100% CONFIDENT) -

To those guys who LOOK at the at the attachment but DONT SEE, it is a regret not to see how I enter the market. Think and Analyze, together with me, post some comment - positive one.

[caireono]

Originally Posted by tymen1

To help answer your question I will bring in an expert. Have a look at the following hyperlink :

The Trading Game

Dear tymen1,

I am aware of that article - I wont blame anyone, as I know the true responsibility of trading is with you, your knowledge and experience and NEVER BLAME OTHERS - OR ANYTHING. We have to let the market to take control. As I told u before, I have had lost of nearly USD 20,000 and it makes me stop for about 5 years - that is because I lost all my savings. Someone trigger me back into this business (not a game or a gambling) and I start to spend almost 10 hrs a day - analyzing, going into forums - etc and I can appreciate some of the things that have been posted here especially from James IB technique, from the wisdom of Tony, etc - they are genuine. All I can say for now is that, I dont want to spend my life infront of the computer waiting for the perfect signal(/s) to come - because I have life - (that I lost for 2 months now) - I need to get back to my life and that's why I need to find a system that I have to enter at one or two specific time, SET AND FORGET, and when I open say 6-8 hrs later, it turns into profit. I have studied, many, many method including the CORRELATION hedge strategy, etc and those are quite good also. From all these experiences that I come up with my own rules, according to what I want - and it happened to me on 3rd October 2007, it looks positive (somehow all of the trades), which surprise me.

I TELL YOU, and I think all of you have to agree, that this Forex Trading Business, while it can give you motivation, it also can push you down or feel humiliated when it goes against you. This is what I feel and I believe others feel the same. We keep searching for A METHOD that is simple to use and suits our lifestyle.

Cool.

[triphop]

"Analyze, together with me..."
So you want us to guess your system? How pointless is that?! Why wait to reach 100% certainty? just post and people will feed back. You never know, they might even improve it.
Cheerio

[caireono]

latest update - modified the rule a bit, take less Target Profit, but multiple lots.

[8toenails]

Originally Posted by caireono

latest update - modified the rule a bit, take less Target Profit, but multiple lots.

Caireono,

I want to ask you something offline. Can you shoot me an email via the boards here please? I tried to send you one but for some reason it isn't going through.

Thanks,
8

[caireono]

testing - thinking to continue this controversial thread.

[caireono]

Alright, from my last post of 15 October 2007, because there are so much criticism on this seems secret, I have decided to silent out - and here are the story - no more secret, and I have shared few of my trading system which actually made of combination of other trading systems that depends on multiple indicators.

Hope this time to get 'good' feedback.

[caireono]

After 2 weeks running in demo account, with still 80% confidence level, I decided to run 'live'. Believe me from singular lot in 2 days, constantly making profit, after that I have decided to play 5 lots, and in less than one week, my account has doubled (this is true).

Then, the next week, one day, I got margin called - eating almost half of my account, making the whole week's gain become about 100 pip only. I stopped.

Then, I continue with other combination of trading system by other true masters like James IB, Dr Bob 5034, BoxingisLife 3 stoch, etc and consistently making profit (see my KAS Live trading thread).

Time goes by, spent about still 8 hrs a day, I am still thinking about this Set and Forget system.

Here is the TRADING SYSTEM, THAT I USED, I hope everyone reading will give input on how can we 'work around' the problem that I faced -

[caireono]

Look at the attached chart.

The 'still not truely profitable Set and Forget' Trading System.

First, notice the blue line where it is plotted at around the consolidation area and it the blue line is about at the center of the consolidation, and also the area where most of the price go up and down. This will be our 'pivot' line.

Then, at every multiple 20 pip above the 'pivot' line, normally i use up to 4 levels top and bottom of the pivot line, I draw the lines at +20, +40, +60 and +80 from the pivot line and also to the bottom, -20, -40, -60 and -80.

Then, put your SELL limit order for all above the pivot line and put your BUY limit order for all the below the pivot line with a TP of only 5 pips.

I only use GBPUSD with 15min timeframe. I used to SET 3 times a day, if it go above the pivot, another setting time, I will removed all the LIMIT ORDERS that is not taken and place new limit orders based on the new 'pivot' lines.

Here is the RISK. NO STOP LOSS AT ALL.

When I got margin called that day, that was because the 'available margin' is not enough because at that time, 2 lines order has hit the TP but the other 2 lines order has gone well above 40-100 pips loss with 10 multiple lots (so all together around 700 pips losses)- and that's why I got margin called - and somehow, at the back of my mind, that is the way that I imagine eventually it will happened (even though I dont want it to happen), and it did. I still did not blew my account, in fact still gaining 100 pip since started using this technique, but seeing all that one week profits being eaten up in just one day - make me want to vomit**.