Do you believe in a holy grail?

Yes, but I don't use them to day-trade the Forex, because my price action pattern appears only when the market is trending.



Sure, but I am talking about finding your own winning price action pattern, not using patterns that have already been discovered by another trader. Keep in mind that if a trader finds a highly profitable price action pattern, he won't sell it to the public for twenty bucks on Amazon books, he will use it quietly and make millions. And yes I read a lot, more than 300 trading books so far and still counting.


You sound like you know what you're talking about. Why not throw out a few before the fact live calls, just to show everyone that you can really trade and make a profit?
 
Well, do you?

Yes.

Ihave always followed a finite mathematics sytem for the operation of the markets. My goal is to take the full offer of the market. Historically, I began with stocks. At some point more instruments became available so I took advantage of the additional trading power by changing to faster fractals as the PC came into being and the printer was invented.

There are many ways to make money in markets. CW type of people generally become limited by their belief systems. To fast track to any Holy Grail (HG) lifestyle is simple;to wit:

1. Begin to learn by doing drills.

2. Trade a leveraged instrument.

3. When your mind is built, then use a few lookup tables as you monitor your trading fractal and one faster fractal and one slower fractal. (A contextual vantage point)

4. Building from 1 contract to a HG lifestyle number of contracts (5 to 8, for 500k/yr) to support yourself.

5. On Fridays sweep excess capital and bank it

6. Compound contrcts all week.

7. Periodically review your lifestyle requirements and adjust upwards.

8. As weekly surpluses mount, give away capital to skilled problem solvers.

As the OP asking the question, your question suffices to tell us of your limitations.

They are as follows.

1. You do not have the ability or resources to do drills.

2. You will be in a state of anxiety, fear and anger that precludes doing anything that is leveraged.

3. Your mind has stuff in it that precludes you mind being able to organie your limited knowledge and skills into a reasoned spectrum that is systemmitally oriented. J(ust look at the attached log for doing bar-by-bar montiroing, analyiss, decison making and taking timely action. Lookup tables are used to fill in the columns.)

4. You should not consider setting up a trading account, since if you try to trade you will lose money and exhaust the account.

5. There is no way you can use trading income to support any lifestyle no matter how meager.

6. Losers cannot compound capital.

7. As a potential trader, you have a money orientation rather than a skill/knowledge orientation. If you have a job, follow the conventional path to retirement.

8. If you organize your time properly, you may be able to help others in your community.
 
You sound like you know what you're talking about. Why not throw out a few before the fact live calls, just to show everyone that you can really trade and make a profit?

Here is my call for the open on Monday.

Do you want all the calls for the rest of the day?
 
You sound like you know what you're talking about. Why not throw out a few before the fact live calls, just to show everyone that you can really trade and make a profit?

I already made successful live calls right here on ET, using nothing but classical chart patterns (yes I do place non-mechanical trades once in a while), you can see them here:
http://elitetrader.com/vb/showthread.php?t=280748
http://elitetrader.com/vb/showthread.php?t=280600
http://elitetrader.com/vb/showthread.php?t=280553
http://elitetrader.com/vb/showthread.php?t=279973

Currently I have a (still unconfirmed) buy signal on the CHF/JPY.
 
Currently I have a (still unconfirmed) buy signal on the CHF/JPY.

Buy signal on the CHF/JPY is now invalid, no trade was placed.

This is why waiting for confirmation is so important in trading, it allows the trader to eliminate most losing trades right from the start.
 
What I mean is not a 100% system.

What I mean as the holy grail is a strict setup that you can consistently trade over and over again and produce a profit.

Is it real? Does it exist?

Yep, I trade it each day, three separate methods blended into one timeframe, one/two/five minute bars timeframes depending on Futures' instrument. Very low losing percentages, average down on all signals. If you don't lose often, you should average down. Concentration should always been Money Management, a mixture of what to do BEFORE/AFTER you have gotten in. Took long time to understand that I should have spent 99% of my time on MM than how to enter.
 
Buy signal on the CHF/JPY is now invalid, no trade was placed.

This is why waiting for confirmation is so important in trading, it allows the trader to eliminate most losing trades right from the start.

correct or being on the right side of order flow and the ability to recognise it
 
... the HG is different for each trader.
Not really. The holy grail of trading is like the original Holy Grail: unobtainable. Anybody who thinks he has found the HG needs a reality check because he is just fooling himself. The holy grail is like the horizon: you can walk towards it but you'll never reach it.
 
Back
Top