In the horse-racing world there is a myth that somewhere between the stable-door and the racecourse there is a great fount of inside knowledge. Once tapped, wealth is yours.All you have to do is tap it. Sorry guys and gals it just doesn't work like that. It's just the same with Forex. Trade what you see, not what someone hopes you'll see.
Scanjet, Great Guru!
You are all talk, and hot air! We never get any value from you. Lets have some specifics, not your vague assertions, allusions, sniping, and picking holes.
stevespray
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You Dork!
My account started at £10,000 and its now at exactly £13,023.10.....
That my friend is pretty much 30% on the nose. If you want to be exact then its 30.231%
Is that clear enough for you?
The Concept method works in two stages;
Stage One : Building the bank
Stage Two : Drawing of winnings
During stage one profits are compounded so, as the bank increases, the risk per trade is raised so that 5% is always risked. It is up to each person where they set the level of their capped bank. Concept choose £25,000 and risk 5% per trade. This means that once the level of £25,000 was reached their risk per trade was capped at £1,250. This means that all wins are measured against a 'capped bank' of £25,000.
I hope I'm not going too fast for you........
Since my bank is below the level which I have set out then I will be compounding profits. If I hadnt compounded profits then my gains would be higher than 30% (in line with Concept's offical figures on their website).
Steve.
this forum is about whether it works or not, and we have discovered it's not a scam. if there is a better system out there that you have designed go to a different forum and open a thread there.
stevespray
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I think what he was implying was that you need to 'prove you can walk as well as talk'.
Steve.
stevespray
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You Dork!
My account started at £10,000 and its now at exactly £13,023.10.....
That my friend is pretty much 30% on the nose. If you want to be exact then its 30.231%
Is that clear enough for you?
The Concept method works in two stages;
Stage One : Building the bank
Stage Two : Drawing of winnings
During stage one profits are compounded so, as the bank increases, the risk per trade is raised so that 5% is always risked. It is up to each person where they set the level of their capped bank. Concept choose £25,000 and risk 5% per trade. This means that once the level of £25,000 was reached their risk per trade was capped at £1,250. This means that all wins are measured against a 'capped bank' of £25,000.
I hope I'm not going too fast for you........
Since my bank is below the level which I have set out then I will be compounding profits. If I hadnt compounded profits then my gains would be higher than 30% (in line with Concept's offical figures on their website).
Steve.
Well, you're clearly an expert in all this. You're seemingly on here all day. Why don't you trade what you see and not what someone else hopes you'll see? Sorry. Not trying to upset people, merely curious.
stevespray
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It's fine, I have all the time in the world, thats the freedom that successful trading brings.
I like your cliches but you seem to have little grasp of what it really means.
I'm on here for two reasons;
1 ) To share what I already know.
2 ) To learn things about what I dont know.
Does that make me an expert? It's subjective and means very little. I'm not sure if you're upsetting people but you're making me and a few others laugh. What would you like from this thread?
Steve.
I like your cliches but you seem to have little grasp of what it really means.
I'm on here for two reasons;
1 ) To share what I already know.
2 ) To learn things about what I dont know.
Does that make me an expert? It's subjective and means very little. I'm not sure if you're upsetting people but you're making me and a few others laugh. What would you like from this thread?
Steve.
Scanjet
out of curiosity for your depth of knowledge in using all the terminology that is associated with forex.
What % growth have you made in the last 3 months purely from trading 'what you see' so we can compare the 30% made by the 'blind' Concept followers?
We will have to take your word for this but we're all friends here...
out of curiosity for your depth of knowledge in using all the terminology that is associated with forex.
What % growth have you made in the last 3 months purely from trading 'what you see' so we can compare the 30% made by the 'blind' Concept followers?
We will have to take your word for this but we're all friends here...
Scanjet, i think your question has been answered. There are people who are using it. Not only that but are making a profit from it, although not me yet but my results do match those posted on Concepts website. Now having answered that simple question for you - and by the way thank you for setting up this thread it has been most useful - have you another that might perhaps lead to a useful discussion?
Arek Okrasa
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Hello SandyW
Have you found a way how to avoid the bet pairs? I started looking at 1 hour chart which include Stochastic Oscylator...it halps me to avoid the losers but maybe you have better idea what to do to eliminate the wrong orders?
Regards,
Arek
Have you found a way how to avoid the bet pairs? I started looking at 1 hour chart which include Stochastic Oscylator...it halps me to avoid the losers but maybe you have better idea what to do to eliminate the wrong orders?
Regards,
Arek
anddy26
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Hi Gordon
I actually started one day later than Steve on here..and i kept accurate records to start with to proove that their results posted on the website were accurate after 9 trades 3 were loosers but the winners went on and on way above my expectations, then i started to use my account for my own trades some which lost and some which won. So i cannot say how much i am up but if its 30% as steve says then ive lost 40% on my own trading.lol.
As for the babble ive just read about it seems scanjet ur knocking us for paying so much for knowledge..instead of taking our 4k and blowing it ourselves..which i have done in the past....and yes u can knock me for saying im 40% down but i had 2 trades that were steep learning curves...i even predicted my own downfall many pages back saying...ive cracked it and watch me get over confident..i did!!! and instead of risking 5% of my bank i just plucked a figure of £6 or £8 /pip never really worked out my s/r levels then within and hr the markets turned and shot down 170 pips.
What concept has done for me as a trader which i couldnt get any where else was live calls from a system....if it said buy at 1.9780 and stop at 1.9650 i would bring up the chart and look at how it came to that figure...and low and behold i saw what they were trying to do............they were picking a level where this trade was going to come down the the next support level of 1.9780 then reverese and shoot up to a level say of 1.9990 ..........all of a sudden the books and the jargon kicked in..i may have grasped a little of it and now tried it on my own and actually it did work but then the next key thing is money management!!...there is one guy on here who sounds like he has grasped that..the rest of us are learning..and there is only one way to learn!! the expensive way.
this can be used as a hobby or a living( or making money if you follow concept)...to me its a hobby because i wont ever have the time to commit to learning the years of knowledge it takes to become a trader..but if i can make some sense of those peaks and troughs on the charts then its a hobby thats will keep my interest up for many years to come.
Compounding
Sean,
It seems I am not the only one who has built a spreadsheet to show that I will make a million in 5 years! However, it is simply not practical to compound the bank to anywhere near that level. Your trade sizes would become gigantic and, I don't know but I think, the spreadbet co would limit you. For example would you want to be risking say £10K on every trade?
Furthermore, would you really want to leave the money to buy your island in the tender care of the spreadbet co? It seems to me that to get your bank up to £50K may be practical, but £20K - £25Km is normally reckoned to be a sensible level. Personally (if/when I get there, be it 25K or 50K!!) I will draw money out regularly, as I cannot see the point of just leaving it with the SB co till the year end!
Sean,
It seems I am not the only one who has built a spreadsheet to show that I will make a million in 5 years! However, it is simply not practical to compound the bank to anywhere near that level. Your trade sizes would become gigantic and, I don't know but I think, the spreadbet co would limit you. For example would you want to be risking say £10K on every trade?
Furthermore, would you really want to leave the money to buy your island in the tender care of the spreadbet co? It seems to me that to get your bank up to £50K may be practical, but £20K - £25Km is normally reckoned to be a sensible level. Personally (if/when I get there, be it 25K or 50K!!) I will draw money out regularly, as I cannot see the point of just leaving it with the SB co till the year end!
I havent gone that far yet but after my first trades with Concpet I'm down a bit. Though this is partially due to my re-entering a trade instead of keeping the modest profit I'd already taken.
I agree 100% with making regular withdrawals, perhaps quarterly. If I get my bank to say 25K and concept keeps on returning in the region of 50-75K pa then I'll not be leaving that in the SB account, why would you? Even the paltry amount of £50 (tax free!) would be enough to get by on. I have heard that there ARE people who manage on less, but i can't imagine it myself.
(I don't need to put a smiley in here do I?)
I have a modest imcome from a property in London that I'm compounding in a low interest account with a view to investing in another property, despite the downturn in the market, property is always nice to have
even if it's not a get rich quick hit anymore.I don't need an island but a number of income streams that allow me a degree of freedom from the 9-5 grind.
An island needs a lot of upkeep and what with the way the climate is going and the rising sea levels and all it could prove to be a "vanishing" investment.
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Hi SandyW,
how you getting on with autotrader?
also where's your post
***************
That was another very bad call on sterling. Didn't even have the chance to watch it, manage it or even have a first cuppa! Concept just doesn't get it. The pound is going DOWN, NOT UP. No good anyone saying it's just bad luck. Sniper gets it, Bogie gets it, and everyone else gets it. Even Darling gets it. How can you develop confidence in a system that misses the big moves? It's such moves that should make up for all the losses, not compound them.
***************
I agree with you, have you contacted Concept about this? Tell them to FIX UP!
how you getting on with autotrader?
also where's your post
***************
That was another very bad call on sterling. Didn't even have the chance to watch it, manage it or even have a first cuppa! Concept just doesn't get it. The pound is going DOWN, NOT UP. No good anyone saying it's just bad luck. Sniper gets it, Bogie gets it, and everyone else gets it. Even Darling gets it. How can you develop confidence in a system that misses the big moves? It's such moves that should make up for all the losses, not compound them.
***************
I agree with you, have you contacted Concept about this? Tell them to FIX UP!
The Bogie EA produced 900 yes 900 pips in 9 days. Sadly papertrades only.
I pulled my post because no-one needs someone like me on here cackling about the obvious. I wrote impulsely while in a state of shock! And now with the second trade gone bust in quick time, I have even less worth saying..........
Sandy i know I've asked you this before and i'm really chancing it by asking you again,
but could you please (pretty please with strawberries and whipped cream) prvide the link for the autotrader website?
also are you still using Sniper?
Thanks
but could you please (pretty please with strawberries and whipped cream) prvide the link for the autotrader website?
also are you still using Sniper?
Thanks
Asif,
Bogie Enterprises • International Foreign Currencies with Automated Trading Systems
Yes, using Sniper, but unlike some, not having much success. My fault, not Sniper.
