Gekko78

OK thanks for answering.

I would reply to this but I have know clue what you are quoting me on?? did I post a response with all those funky smileys or something?

I accept losses all the time .....of course losses happen. In the context of THIS little story you put on here , it would be like trading and getting stopped out right away only to have your broker call you right after and say " you see that? You like how we just took you right out there ?? We own you"

Roger , Yes I agree time to move on , we all got sucked in. Not to change the subject here but I notice the "C" under your name and it stands for Coach.....just what exactly are you are coach of?

Sorry man this riddle only makes sense in your crazy A$$ head......

Are you F'ing joking??? That's the answer ?? He had a dog named yet?? Seriously? I feel so cheated.......... Then the wording of the riddle is wrong ..... is should read how did THEY do it........ This riddle sounds like something my 7 year old niece would make up....... Of course no one guessed it in over 30 years because there is no way to guess it. The entire riddle is written as a singular. I am guessing you heard this in grade school or something. You said we would be mad ....I am at myself ....at least all the other riddles made sense the lesson: do not let some person on a forum push your buttons Without a doubt the WORST riddle I have ever heard.

So if the number of traders knowing a certain trading method has no effect on its success.....then why are so many successful traders secretive of their trading methods?? Why are the proprietary trading firms that consistently making money year over year not telling everyone their strategy?? If you're theory is correct then they should have nothing to lose by sharing it with everyone as it will continue to make money know matter how many know it??

.....................................

Wow that whole post and you choose to just respond to that>> amazing. Well you are not posting anything else of significance here so you may as well explain your whole philosophy again .

Look at that .....an honest answer ...... .nicely done :applaud:

So maybe there are 6 uncles , perhaps 5 or even maybe 8. I have not seen any other person who posted a riddle in here make people give up so many times...... Give it a day or two when no one gets it ......post answer move on to next riddle. You keep bringing up trading in your answers.....well if this was a trade I would not have "held on" for this long.......this is like buying/selling and hoping it comes back .......taking a loss quickly is get in , not working out , get out wait for next set up.......done.... You said that we need to have stop losses ......we all had them we gave in to your little uncle thing.........So you want more people to "take a loss" before you produce the result. If you were really interested in "teaching" something you should have PM'd the answer to those that uncled you. Please help me understand what lesson you are teaching us here? ( other than most people on trading forums are mental) We all know you are enjoying this whole riddle thing.......but now you have really put a label on yourself ...... every time you post something people are going to remember you as the jerk with the bridge riddle. You have provided some value in OTHER postings on the forum that I have read so I thank you for that but your credibility , as far as I am concerned, just tanked like the market crash of '87 Nice job ........I actually keep forgetting about this thread but it keeps popping up on the home page.......

It is not impossible , impossible for 1 person? perhaps but I said that if you shared it , it would stop working slowly. Why would it be impossible if a trading method was discovered and eveyone started using it for it to stop working?? If the system said buy then everybody would try and buy , but who is going to sell if everyone is buying?

Hello everyone , No this is not a post about an indicator I know of that will make you rich. This is more of a collection of thoughts I just wanted to share ....feel free to comment or not just throwing it out there. I am no stranger to trading , while I might be considered a rookie by some definitions as I have been trading since 2006 , I also am no stranger to trading forums such as this one. One thing that they all have in common is that there are always people "searching" for the one thing that will make trading simple , easy and take only 5 minutes a day all for the low low price of $99.95!! I , and I am sure many of you have to , seen such advertisements through email and on the web of people claiming they have a system that produces monstrous results and only requires 5-10 minutes of screen time a night reminds me of an infomercial for stay at home moms who try and make money doing medical billing. Of course 99% of these fail to live up to any of the hype they claim . Ultimately they blow up accounts and cause traders to leave the market never to return because they think it is to hard ( which is where the 95% of traders fail comes from) Now for the few that actually stick around after they have lost everything and try again , they move on to the next "system" hoping this one will be different. Maybe they found the one that only a select few that signed up for an exclusive email knows about. They are so excited that the doors have be reopened for them for only 24hrs and that's it! They purchase said software only to see this one fail as well. So why do we keep buying them?? Well , we as humans , are greedy by nature .....it's ok there are different levels of greed but basically we are. We want all the rewards but want to do as little of the work as possible so we are sucked into the salesman's pitch...... Everyone is searching for the "set it and forget it" robot that will allow them to beat the market and beat the pros at their own game. The problem with these systems , other than the fact that they do not ever work , is that YOU did not create them . Even by some remote chance that one did work it is highly unlikely that it will work for you since it had to be programmed by someone and their level of risk tolerance , profit targets and judgment are more than likely different from yours so you will second guess the robot or not fully trust it because you do not know everything it looks for. My belief is that there is a trading robot out there that can beat ANY robot you can buy and the good news it that you already own it......It requires no purchasing , no money back guarantee and the doors never close unless you close them .....what is this robot?? It is your own mind......yes the piece of hardware/software, whatever you want to call it , is more powerful than any other robot on the market today .....it is the ultimate neural network ......all you have to do to use it successfully is actually use it. You need to develop your won method , created by you , back-tested by you , forward tested by you....only then will you have a system that you fully trust. Now again you could say , " ok well I will just look for a system that another trader uses the he created and so forth and I will use that no problem" When the problem is that again it falls under the "someone else's decisions other than you" category and you will second guess yourself. For example , the method I use produces pretty good results for me , again I say FOR ME , because I made it myself , I tested it with real money and I have seen its strengths and weaknesses I know what makes it work . If I just gave it away the chances of it working good for others it pretty low since you do not know what any of my criteria was when I made it, you would just see the results and that was all you would care about.Then you would start trading it and it would probably fail for you then you would call me a scammer or something like that even though it works for me. So let your search for the 100% trading method end here , stop looking for something you already have .......start learning what makes you comfortable in trading . Stop looking for the magic indicator that will tell you the future.....there is not one. All indicators lag as the need price to calculate them. Using lagging indicators in trading is like stepping outside in the rain and saying " I think it is going to rain today" I have 2 things on my chart at any given time and they came with my trading platform FREE.....they are also on every other platform I have ever seen including MT4 , tradestation , TOS even on the free websites like stockcharts.com I use them as a guide. Study PRICE first then indicators second ...... I am not trying to sound holier than thou or that I am perfect because I am not , I have losses to ........I am trying to save you the journey of 1000 miles that leads nowhere.... Attached you will see a picture of the chart I use to trade with . Nothing fancy , just 2 things and that's it........ Trading can be hard but it does not to be Thanks Gekko :missy:

Thanks ........an old friend of my dads told me a long time ago ... " Trading can is hard for everyone, but it does not have to be . People like to over complicate things when the think something appears to easy. Don not make that mistake. Simple is better" I ignored this advice when I first started trading. I was sucked into the "best indicator" or "best system" trap like so many others. It was only after I remembered hearing this that I thought about trying it out. I am here to tell you that it is sound advice. I took a step back , stripped my charts of everything and focused on what he taught me about the market when I was a teenager. Now I use 2 things on my chart in addition to price that's it. No fancy indicators , no heat maps or anything like that ......Everything I use comes standard with every charting package I have ever seen including MT4 and the free websites like stockcharts.com and the like. I follow 3 simple rules and ALL of them are not met , then I don't trade period. I wait for the next set up. Today , as an example , I have had a total of 15 set ups on the YM producing 15 wins an 0 losses for a total of 34 ticks. . Now this is NOT typical I usually have at least 1 or 2 losses.... but those are usually 3-4 ticks. I am very tight with MM in order to not blow up my account which I have done in the past. Yes I could have had more ticks than 34 but my method has a set number of ticks that it must reach and then I am out. When I start trading more contracts then I will have more ticks but , to me , $170 is not bad for 3 hrs work. My goals is usually about $50 a day. There is a "holy grail" It is the system you design for yourself and trust in ......it is not 100% correct on paper but it is 100% in your mind and you do not question it. I have found my own holy grail ......yours awaits also ....just take the time to develop it , learn it and TRUST it. You do not need 25 indicators telling you things .... Simpler is better.

I would be happy to answer this but I am afraid I do not quite understand what you are asking here. Thanks

All I can tell you is , like I stated on my other post, this is what has worked for me . As I build my account it also builds my confidence in said trading method which then also builds the emotional side as well. In my experience statistics are fine and dandy but I have seem many people be statistically right on paper but be dead wrong in reality. Like I said this is just me . If all the math and the calculations behind it help then by all means utilize it. But , for me I know it does not matter. I do look at odds and such but in reality a trade can only go 1 of 3 the ways.......Win , Loss or BE so 33% is fine for me ... really I think its more like 50/50 its either going to work out or its not....what other option is there? You mention poker .......if you look at the best players who have won the most money over time , they are also NOT the players that have won the most hands. In fact many of them will tell you that learning when to give up and only play when the opportunity presents itself which allows them to stay in the game longer is how you win. That is what I do when I trade , the way I trade I have certain rules that have to be met before I take a trade. If ALL those rules are not met ( there is only 3) then no trade for me. Sometimes it does not work but Most times it does and that's all the edge I need. I don't look for 90% accuracy ......I have losses that are small......5-10 ticks but my winners are much greater than that ........that is all it takes ............you know cut losses short and let winners run ...it works if you know how to use it. properly.

Funny I just received this in my email a few hours ago ......since we were talking about marketers I thought I would share....... So this guy tries to make himself look good by telling you how NOT to get scammed ......he gives you instructions on how to avoid it and CLEARLY tells you that most systems that are sold fail EXCEPT for the one he is peddling...........Made me laugh Hey all systems suck except for this one!!!! It is always the same ........LIMITED SUPPLY !! , GET IT BEFORE WE SHUT THE DOORS!! Ok We will open the doors again ONE LAST TIME!! I took out all the websites as I do not want to appear like I am selling anything "Trader Loses His Account In January... And How You Can Prevent It Happening To You" I want to start with a bit of a serious warning today. I got an email from a subscriber to tell me that he had lost over $4,500 in January trading a system he recently bought. It's bad enough to get an email like that but I can promise you I get many just like it. I have long thought that one of the main reasons people lose at trading is because they get duped into buying the wrong thing to begin with. It's a sad but a true part of trading that the majority of systems DO NOT WORK. The marketing is good, the results look real, and the people look real... well, let me tell you, the majority are not. Please be extra careful when choosing the system you want to trade. Here are a few tips that can save you hours of frustration trying to make something work that never did to begin with: 5 Points That Could Save Your Skin 1. Buy from a reputable source. Check the company or person has been around for a bit. 2. Insist on proof that the system works. Although you can cherry pick trades, you at least want to see some live trades. Ask if there are any statements you can look at. This is all stuff your mother would call common sense. 3. Ask to see proof that someone else has successfully traded it. For all you know, no one else can trade the system but the guy who invented it. 4. Check you can get a refund if you are not happy. Make sure there's no condition to the refund like you have to make a gazillion trades first. 5. Make sure you can get support for what you just bought. Nothing bugs me more than when you have to wait days in between replies to emails, and when you do get a reply, it seems to make no sense. Like the person on the other side just couldn't be bothered to read your email properly. Don't lose because you don't want to ask the hard questions. As I write, I must have about 10 new Forex systems all being pitched in my inbox... I wouldn't touch any of them. All of them look convincing until you run them through the 5 points I just mentioned. The Only thing I Am Recommending Right Now There is only one Forex method on the market right now that meets all the 5 points above and more. That's the system right here: One of his students has made 75.01% since the beginning of January, in some of the most difficult conditions of recent times. If Thomas B. compounds that over 10 month he would turn $1,000 into $269,404.78. Month 1 - 1,000.00 X 75% = $1,750.10 Month 2 - 1,750.10 X 75% = $3,062.68 Month 3 - 3,062.68 X 75% = $5,359.68 Month 4 - 5,359.68 X 75% = $9,379.44 Month 5 - 9,379.44 X 75% = $16,414.02 Month 6 - 16,414.02 X 75% = $28,724.54 Month 7 - 28,724.54 X 75% = $50,267.95 Month 8 - 50,267.95 X 75% = $87,968.91 Month 9 - 87,968.91 X 75% = $153,945.59 Month 10-153,945.59 X 75% = $269,404.78 If you want to see what other people are making with the Rapid Results Methods, then you can see their results here: This is important so please listen carefully. Just over a month ago, the xxxxxxxxxxxx Method went on sale. It sold out in record time and then the doors were shut tight. xxxxxxxx then decided to hold a fun trading completion to demonstrate just how easy it was to build lasting wealth with his system. The competition was only for the people who were lucky enough to get a copy when it was released. The results floored everyone and you can see those results here: When you look at those results, remember that no one had seen the system before... and most were beginners? Now compare those results to your own. Even if you are doing well, you have to seriously look at this way of trading. - It's fast and easy to learn - You can trade while you still have a full-time job - It meets all the 5 point checklist above and then some. And here's the part I like the best, but isn't often spoken about. The supportxxxxxxand his team give are simply the best in the industry. He has had 24/7 online live chat support with himself and other professional traders instantly available to answer any question. He has basically gone over the top to make sure you get the very best service and the assurance that you are in safe hands. # He has traded his system live in front of hundreds of people # He has had over 1000 people grill him live on his way of trading in his capacity webinar # He helps over 8000 people on Facebook nearly every day # He has given some of his systems away to help those that are struggling and demonstrated how to profit from them # He was the first person to articulate and explain the three phases of trading. This has probably helped more traders understand how to be successful than anything else out there # He is one of the most respected names n Forex and also one of the best educators # He has shared some of the top secret content from his elite member's area # He stands by his product. He never walks away from anyone and lives by the motto "no one gets left behind". # More people have been successful using The Rapid Results Method than any other method out there Here's what I want you to do.... Go to his website and grab everything you can before it's taken down tomorrow. Really listen to what he has to say because tomorrow at 9 am EST, he will allow a few more lucky people to get their hands on the Method - probably for the last time. Do it now. P.S. If you made a comment on his website, you can check to see if you won one of the hardest to get trading methods in Forex here: P.P.S. Remember, this is the only proven method in Forex right now. Don't lose your account to fancy marketing, go and check the evidence here:

Whats the deal with 7? Why not 4 ? 6 or 12?? What is so special about 7? Obviously many of us want the answer ......how about you just post it and forget about the "rules" you created for yourself? Unless you are the kind of person who stacks all his canned goods in his cabinets perfectly with all labels facing out at a particular degree and your towels have to be hung exactly at the same height to the millimeter ....I do not see what 7 has to do with anything... Don't be that guy.......

Quote: Originally Posted by bobcollett » OK Patuca I guess two can play your game of suspence Please hold the answer till Sunday night. That will give us all another chance. And I know you are dying to tell us ....... kind regards bobc Patuca: sunday night will be fine ...i don't suspect anyone will guess it by then but if they do they will be first to ever guess it. i could give the answer anytime but i need to see more "uncle" cries. i realize it is hard for traders to take a stop loss but it is all part of trading...(according to conventional wisdom.. if you use Stop loses unlike ZDO and myself who are the only two crazy people on board) ..well sometimes i use them if i "feel" like it. That was posted January the 17th ,......which means the answer should have been posted on the 20th .... since you asked. PAGE 14

I agree that most people would not share....I have heard various answers to this question every time I ask it. As far as a method that is not consistently profitable over time I would have to disagree...Now "certain" methods would perhaps need to evolve but others are constant....look at support and resistance trading....that has been around since TA has been around and it continues to work to this day . No it is not 100% but someone with good MM could arguably just trade that and earn a profit over time. Yes marketers do quite well with their systems since the prey on the very "greed" I mentioned in the question. People want everything but do not want to do anything to get it......they want a "robot" that can do it for them. The thing that makes me laugh the most is how everyone wants a robot to trade for them yet they already posses one that is far superior than any algo known to man as of today.....The human brain.....if they took as much time to train their own mind as they did searching for a magic algo ....they would probably be winning.

So I wanted to pose a question to the forum and get some feedback. Now to start off we all no there is no such thing as the "Holy Grail" in trading unless you posses a Delorean and your flux capacitor is fluxing. Nothing is 100% , but let us suppose for a second that you discovered a trading method that proved to be 90% accurate over the past say 2-3 years. You have back tested , forward tested , traded it on a live account and have done quite well for yourself. The method does not require HUGE risk taking.....a simple S/L strategy of no more than 10 ticks. It does require manual action , not a trading robot. ( I am sure one could be created but for the purposes of this question there is not one) If you possessed such a strategy , would you share it with others? Now the catch is if you decide to share it with even 1 person , it will start to die ver quickly and no longer . Seeing as how people say if everyone finds out about a winning system and starts to use it , it will no longer work. Would you share it with anyone seeing as how it will eventually cease to work? Or would you keep it to yourself ? Now many I have asked would say "well I would make money until I had what I needed then share it" If that is your answer then How much is enough? Would you pick and arbitrary number and once you hit ...stop? Most people have a number but once they reach it the number increases and so on and so on. The 2 reasons why the "get what I need then stop" may not work: 1) humans are greedy by nature , when we have what we want , we tend to want more.Not all but most. 2) the number you you need now will more than likely change over time..( remember when you were a teenager and $35,000 a year was awesome and you would be independently wealthy if you made that much)

Greed is good......Greed is right......Greed works.

Nkune, Sorry my friend I am afraid I will not be much help here as I do not use that ,or any other kind of stuff like it. I trade "almost" naked. I only have 1 MA on there and price......I find all the other stuff gets in the way of the only true leading indicator..........price. Hopefully someone else may be able to answer for you.

So I have to thank you for suggesting this....I was up last night and today back testing my trading strategy on the NQ. Not only does it apply well to it , it looks like it actually works much better on NQ. The only thing that I am going to have to adjust is the speed of the NQ is much faster than that of the YM. I use tick charts and the setting that I use on the charts creates a new candle about once a minute , sometimes just seconds, so I will need to adjust to that and get used to the speed.

In this business it's either kill or be killed, one minute you're up a half a million in soybeans, and the next .....boom you're kids don't go to college and they've repossessed your Bentley are you with me?