The secret forex trading system

[fxwiz]

Originally posted by el cid
http://www.websmart-marketing.com/roulette.html

FXWIS QUOTE Ok but in order to actually make a PROFIT you have to ultimate let go your short or your long, otherwise you are not doing anything except paying you broker 2 spreads.

2 lots of spreads is not expensive.........if you make a profit.

A spread or 2 lots of spreads are expensive only if you lose money.


Spreads expensive etc is often where a load of traders lose out on this system.Most traders try to get too clever for their own good.

If you paid your broker 50% spread....and u are 99% certain of making money ....say 50%(after cost of spread) then that 50% is not expensive.

If u lose money and only paid 0.0001 % spread to your broker......than that brokerage spread is expensive!

If a trader came to me and said he would guarantee me 20 % profit all the time .........but his fees were 80% ....to me it is cheap at 80%....So I can give him a million $$$$$$$$$$$$$$


I trade spreads ...all the time ...so I always close the long and the short at the same time...........except intraday....in a non trending market I close one leg of the spread for about an hour for a few extra pips.


U got too much information by now! So think I do not go to the roulette wheel to guess which number will come up

el cid just as I thought your are another clueless charlatan. I don't give an f about the spread. That wasn't the point of my post at all. Your "wonderful" system of being long and short at the same time is retarded unless you ultimately pull a trigger on one side of the trade and expose yourself to directional risk. So many newbie FX traders fail to understand that its importnat to point this out over and over again.

As the guy who started this thread wisely noted - THERE IS NO SECRET METHOD. You have to discover the winning ways for yourself.

[el cid]

FXWIS QUOTE
Your "wonderful" system of being long and short at the same time is retarded unless you ultimately pull a trigger on one side of the trade and expose yourself to directional risk. el cid just as I thought your are

FXWIS
I stated in one of my previous posts...........80 % hedged all the time .........................it should be obvious to you that the other 20% exposes myself to directional risk .

None of your statements prove another clueless charlatan except a little dense understanding.


20 % risk exposure is enough risk for any directional bets.....I don't decide between red or black...............I let the market do it ........and then the rest of the system and trades comes into force.

Secondly the longs and the shorts are not on the same instrument!The spreads use different amounts/sums on money for every trade as part of the system.Increases /decreases by upto 0.005 % make it a paraboliic next trade but the orignal 1st trade is also 70%/80% hedged.My mistake ..apologies

If a system was as easy as you think ....it wouldn't work.


Just to confirm NO STOP LOSSES ARE USED ,CHARTS ,INDICATORS,MUMBO JUMBO ,CRYSTAL BALLS and it works

Here is a site with examples of spreads
http://www.hedge-hog.com/sub/commoditiesportfolio.html

http://www.hedge-hog.com


According to Vince Atanzione a succcessful trader 90 % of technical indicators don't work.
VINCE STANZIONE QUOTE
The real facts about technical trading and reading charts correctly. 90% of all technical trading formations and indicators do not work, it has been proved in numerous studies yet many still teach and follow these loser's strategies. I'll show you the 10% that work and how to follow them in an easy and straight forward format.



http://www.vincestanzione.com/

[fxwiz]

Originally posted by el cid
FXWIS QUOTE
Your "wonderful" system of being long and short at the same time is retarded unless you ultimately pull a trigger on one side of the trade and expose yourself to directional risk. el cid just as I thought your are

FXWIS
I stated in one of my previous posts...........80 % hedged all the time .........................it should be obvious to you that the other 20% exposes myself to directional risk .

None of your statements prove another clueless charlatan except a little dense understanding.


20 % risk exposure is enough risk for any directional bets.....I don't decide between red or black...............I let the market do it ........and then the rest of the system and trades comes into force.

Secondly the longs and the shorts are not on the same instrument!The spreads use different amounts/sums on money for every trade as part of the system.Increases /decreases by upto 0.005 % make it a paraboliic next trade but the orignal 1st trade is also 70%/80% hedged.My mistake ..apologies

If a system was as easy as you think ....it wouldn't work.


Just to confirm NO STOP LOSSES ARE USED ,CHARTS ,INDICATORS,MUMBO JUMBO ,CRYSTAL BALLS and it works

Here is a site with examples of spreads
http://www.hedge-hog.com/sub/commoditiesportfolio.html

http://www.hedge-hog.com


According to Vince Atanzione a succcessful trader 90 % of technical indicators don't work.
VINCE STANZIONE QUOTE
The real facts about technical trading and reading charts correctly. 90% of all technical trading formations and indicators do not work, it has been proved in numerous studies yet many still teach and follow these loser's strategies. I'll show you the 10% that work and how to follow them in an easy and straight forward format.



http://www.vincestanzione.com/

ok el cid - you win I am sure your 20% directional risk trade long eur/usd short gbp/usd or whatever combo you choose is ULITMATE TRADING SECRET. wait are you just long eur/gbp then? No... you are way too sophisticated not to understand that...

PS I love the links .. They seems so reputable honest and credible
RFLOL.

For anyone who wants to be serious about this business read the orognal post in the thread -- that's the truth,

[el cid]

fxwiz quote No... you are way too sophisticated not to understand that

FXWIZ

You are right about that!

I take your point one could consider it as purely a cross could be euro/chf.It is not the same as a cross because almost 20% to 27% is betting against a third major......so u got a third element for profit.So u are constantly betting 3 ways.

One COULD include a 4 th major and put in several usd $ commodites
but it would become too complicated to trade.

There are other advantages to do with trading styles .Once a position goes against u on a cross ,it often seems to be written off as a s/l loss, put it in a trading system and sooner or later the double edged sword comes into profit ,2000 pips away.

The double edged sword is often useful in a non trending/sideways market where several of the positions on one leg can be intermittently and temporarily released for extra profit(intraday).and reopened at maybe 20 pips lower(to restore to orignal positions within the system).

One couldn't trade a straddle(option terms) at the same price on the same cross.I guess this double edged sword makes it easier to do so.


A system is what each individual trader is comfortable with, what he knows is tradeable and profitable.If it is profitable and better than going to the currency roulette and trying to predict which number ...then there is nothing wrong with it.

This method within a system is BETTER THE DEVIL YOU KNOW rather than leaving positions at the exposure of the market not knowing what the devil the market will do to you and panicking and the market keeps telling you ....you are wrong you bet long ....it should be short...suffer u little idiot.
Always be neutral and the market is right and you are never wrong

[Truville]

Originally posted by el cid

http://www.hedge-hog.com

AND

According to Vince Atanzione a succcessful trader 90 % of technical indicators don't work.

El cid, why would you post two sites that posted such contradictory information? Mr. Atanzione says “90% of all TA doesn’t work”, and yet the good people of hedge-hog are talking about Elliot waves, Fibo levels, RSI, and 1-2-3 formations.

They can’t both be right. Which one is telling the truth?

[el cid]

Truville

If I was a betting man I would put my money on Vince ................................I would love to put all the writers of books on............Prediction tests based on charts on markets they do not know .... and you would see a load of dumb people who are trying to make a living....by writing based on the past charts.

None of them would volunteer...because they know why.Jack somebody went on T V to show live trading and it was a complete Flop.

I would make money betting against these people who know the only real holy grail!

Even I could write books and show you past charts and tell you where was the best time to enter trades and exit and I am THICK.But which looney can tell u the future by looking at charts?

[elmagd2000]

Originally posted by jtb790
Hani, I could NOT agree with you more!

Most people have no idea what to do with money. Sure, many of them can EARN it, but about the best they can do after is put it in the bank.

Forex trading is advanced money control taking extreme understanding and knowledge of money management techniques to trade currencies successfully.

Many don't have the ability.

If they want to dabble in currencies they should let those who know how to trade money handle their money or go back to the bank.

Sam

Sam, Sorry for late reply.
Man, this is typically what I say. Either to get an edge(technically and psychologically) or to leave this job to another experienced one.
where do you don't agree with me.

Regards,Hani

[el cid]

HANI QUOTE Either to get an edge(technically and psychologically)

Hani

A very famous market wizard said " I hang the chart on the wall 10 feet away ....and if it shows a trend I am in".One needs to get as technical as this market wizard and it the least required skill of the three.

Order of Priority
1) money management

2)psycholically prepared to trade

3) technical

Great technical traders can lose it all without money management.


I agree with all you say..........but in different priority

El Cid