It sounds like you think I’m criticizing you, Im sorry if it sounded like that. I was just wondering if over the years there was something major you tweaked to increase profitibiltiy a ton! I didn’t mean to criticize at all. The E-Book and this forum is hugely appreciated by me and many others. Thanks for everything!
Maurizio77,
Maldives is nice place for vacation. Are you swinging by Singapore. You can shop for the latest in electronic eqpmnt and we can have some beer together.
First, thanks for the system, it works great! My question to you is on post #171 you have the setting for the the CCI @ 25 and the slow Stochs @ 18,3,3. The e-book says CCI 20 and SS @ 14,3,3
He has said many times to use the settings as in the e-book. He changes up his own settings as he knows the system so well. I am using the settings in the e-book and I am having more wins than losses. I expect my trades to get even better as I get in the zone…
Randomness is unstructured freedom without responsibility.
When we trade without well-defined plans and with an unlimited set of
variables, it’s very easy to take credit for the trades that turn out to our
liking (because there was “some” method present). At the same time,
it’s veiy easy to avoid taking responsibility for the trades that didn’t turn
out the way we wanted (because there’s always some variable we didn’t
know about and therefore couldn’t take into consideration beforehand).
If the markets behavior were truly random, then it would be
difficult if not impossible to create consistency. If it’s impossible to
be consistent, then we really don’t have to take responsibility. The
problem with this logic is that our direct experience of the markets
tells us something different. The same behavior patterns present
themselves over and over again. Even though the outcome of each
individual pattern is random, the outcome of a series of patterns is
consistent (statistically reliable). This is a paradox, but one that is
easily resolved with a disciplined, organized, and consistent
approach.
looks very promising, i’ve read the whole thread over the weekend. And went through ebook twice.
So far very bad results, but taking them on friday when the noise of unemployment us data was still influencing the market so i expected that it might go that way. Today is a us holiday so low liquidity and i got 1loss 1 b/e and 1 is still going, beeing at the moment on b/e.
One thing that occured to me today is how this system relys on simple trend, s&r and formations like channels and triangles.
I haven’t seen anyone write that before on this thread so maybe it is just my still newbie observation or due to low volatility there is no firepower for breakouts. Anyone observing this.
After reading Ebook and Thread today Sept 6 was my first chance to play with the system on a demo account.
I didn’t expect much with all the 1 min charts practically flatlining made 6 trades 3 wins 3 loses plus 12 pips. Expect better results when there is some action in the market…
what session are you trading? i trade london session and sometimes end of ny. Looks like we are on the same stage with the system, so what do you say about exchanging ideas. I tried to hang out on chat today, but literally no one there. If anyone care to join , could be a good session. I will try to stay on the chat tomorrow the whole london session.
I think i have a good background, but tendency to overtrade and lack of patience. Would love to get live with others who are watching market at the same time
Everytime i try to trade GBPJPY the trend turns on me ? I like the currency pair because it seems to quite liquid and if i ever got a trade correct it would be quite profitable.
Could this just be bad luck or am i not being patient enough
I’m trading on the 30 min charts and wondering if it would be better to use higher t/frames as the sudden trend changes seem to be less frequent.
I switched to oanda from MT4 and i turned out to make a big difference.
after watching many set-ups posted on forum and in ebook i was already familiar with the look of it. I got 150 pips yesterday, gave most of them back today though, but mainly because of overtrading (my biggest flaw).
As i have many problems with oanda java app working stable on my computer i want to switch back to mt4.
I spotted one difference stoch 14,3,3, in mt4 are more volatile and gives more fake-outs so mind that. on my mt4 oscillator goes to over regions more often then on oanda. I tried to twick it but with no luck.
If anyone have found a solution would be good to hear.
also do you find the oanda unreliable? I had few situations where i couldn’t open a position or close it because of some errors, and online version of tradestation does not load at all.
Oanda is NOT unreliable, NOT unstable!!! We use it in 3 different countries on 4 different machines with NO problem!!!
It`s just that MT4 has a wonderful userbase supplying lots of EAs. But for trading OandA (and InteractiveBrokers) are the best, safest and most trustworthy.
i believe you guys plus i can see that they have good spreads. thanks for advice. I think i fix it. looks like it didn’t want to work on my 64bit windows 7 properly. I install it in virtual machine xp mode and looks like it work fine. doesn’t like java in general though.
But as i did a little research i can report that the GFT software has slow stochastic. other main (i tried like 5) are hard to duplicate the exact settings and for a newbie like me it is good to have a reliable filter.
also on some, candles are looking different, have different o/c prices.
One question to Maurizio: do you look at fundamentials, do you trade breakouts or wait for the trend to develop. I am guessing that getting in the zone makes it easier to work those charts. Those are 2 questions actually:)
I am asking this as those are very uncertain times for yen my friends:)
Anyways, second day of testing (not counting playing around on labour day) and positive score. Lost some pips today counting on strenghtening of yen, and when finally admitting that the whole session will be a retracment couldn’t find an entry.
Did you guys spotted any entries on afternoon london session for /jpy pairs?
