The final Holy Grail!

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Re: no holy grail - lol!!

medbs said:
GBP/USD & AUD/USD trades are not supposed to be taken because of their very high level of risk.

It seems that you misunderstand the point of this thread, which is to show that 100% winning strategy does exist, even when the markets are in crisis.
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Are you retrospectively cancelling trades that lost money?

Have you learned anything from this thread medbs? Can you not see that the only 100% around here is the percentage of people who think that you're a lying idiot?
 
2 quotes i thought applicable to this thread:

"Don’t argue with idiots. They drag you down to their level and beat you with experience". Greg King.

"Never argue with a fool; onlookers may not be able to tell the difference." Mark Twain.
 
JRP2891 said:
2 quotes i thought applicable to this thread:

"Don’t argue with idiots. They drag you down to their level and beat you with experience". Greg King.

"Never argue with a fool; onlookers may not be able to tell the difference." Mark Twain.
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Brilliant ! :clap:
 
Re: no holy grail - lol!!

medbs said:
But it is the case.
What about the first 13 trades, the profit was taken on the same day we entered the trade.
Why don't you talk about them?
And, I'm serious about what I said, they were highly risky trades with the three others (USD/CHF, USD/CAD & EUR/USD), and I posted them just to show you that even when the markets are in crisis, this strategy can give 100% winning rate.
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He had some good trades , even if they were lucky. I think he has a good understanding of trading currency......
 
Let's say you started with a $10mio account, and traded FX in $10 a point. Enter in the direction of the trend, and take profit after 1 ATR move, but no stop loss. I was going to code this up to see what it looked like but I can't be bothered. However, you'd be unlikely to go bust anytime soon is my guess, and your win rate would be 100 pct for all closed trades.
 
Ah medbs, you're back. Any recent thoughts on your strategy, the sole aim of which is to avoid losing money on a single trade, despite the attendant risk that you blow up your entire account?

Read Van Tharp's "Trade your way to financial freedom", in particular the chapter on expectancy.
 
Re: no holy grail - lol!!

JahDave said:
He had some good trades , even if they were lucky. I think he has a good understanding of trading currency......
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You think losing 97% of your account on 3 trades shows a good understanding of trading?
 
Re: no holy grail - lol!!

medbs said:
(y)


Wise men have become increasingly rare!
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Currency trading is different than any other trading. I have a Euro thread here and I hope it helps a lot of people. JahDave
 
Re: no holy grail - lol!!

pboyles said:
You think losing 97% of your account on 3 trades shows a good understanding of trading?
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He has to learn sometime. I have lost my entire account more than once, but I have screamed back unbelievably fast after that.
I'm not saying that is the correct way to learn, but some of us just have to do it. I can say that after crash and burning several times, then I have been making 10% plus weekly for 25 weeks now.
 
meanreversion said:
Ah medbs, you're back. Any recent thoughts on your strategy, the sole aim of which is to avoid losing money on a single trade, despite the attendant risk that you blow up your entire account?

Read Van Tharp's "Trade your way to financial freedom", in particular the chapter on expectancy.
Click to expand...
I already read it since 2005 and many times also, it's one of my two favourite books (with M.Douglas Book "Trading in the zone")
 
Re: no holy grail - lol!!

JahDave said:
He has to learn sometime. I have lost my entire account more than once, but I have screamed back unbelievably fast after that.
I'm not saying that is the correct way to learn, but some of us just have to do it. I can say that after crash and burning several times, then I have been making 10% plus weekly for 25 weeks now.
Click to expand...
Did I say that I lost my account??? :-0
 
Re: no holy grail - lol!!

JahDave said:
He has to learn sometime. I have lost my entire account more than once, but I have screamed back unbelievably fast after that.
I'm not saying that is the correct way to learn, but some of us just have to do it. I can say that after crash and burning several times, then I have been making 10% plus weekly for 25 weeks now.
Click to expand...

Forex is the only medium that you can do this in...
 
Re: no holy grail - lol!!

medbs said:
Did I say that I lost my account??? :-0
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I did not say anything about your account. I only said things about my account, because I don't know about your account...
 
medbs said:
I already read it since 2005 and many times also, it's one of my two favourite books (with M.Douglas Book "Trading in the zone")
Click to expand...

Ok, so why are you obsessed with a system with 100 pct winners? Don't you see it's missing the entire point of trading, which is positive expectancy?

It's like saying "I can hit the golf ball 350 yards". It doesn't mean a thing if it takes you 8 shots to get out of a bunker, or you take 5 putts on every green..?!??
 
Re: no holy grail - lol!!

JahDave said:
He had some good trades , even if they were lucky. I think he has a good understanding of trading currency......
Click to expand...


I went to the casino about 2 years ago and managed to turn 50 pounds into about 950 pounds. I think I had 14 straight wins. I believed that I had a very good understanding of the roulette table (Idiot that I was)
he has a good understanding of trading
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lol
If the buffon had a good understanding of common sense, let alone trading, he would listen to the advice that BBMAC has been trying to give him. BBMAC does not say a lot but when he talks,it is well worth listening to, and he has devoted quite an unsual amount of time to this thread.
 
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