Updated: November 08, 2014
Good News to all
Do Holy Grail methods exist? Yes, they do. This is the great news.
To find the entire context of this post, please check my profile. It provides the background of my battle in book-making and trading business. This battle started in 1978.
I'm a finance professional, a Chartered Accountant, worked together with topmost accounting companies for years. My work for a Business Advisor took me over 40 nations helping one of the leading US companies in egic planning and risk management of their international operations.
Got drawn to trading when I carried out a stock market assignment for Mark Mobius providing market information and analysis into Templeton Galbraith and Hansberger in 1992/93. Afterwards, around 1995 unintentionally came across FX trading and focusing entirely on this market since then trying to find a Holy Grail System (a system that has zero or nearly zero risk using reasonable benefit ).
Five decades before, in 2009 a trader gave me a system he claims had earned one Billion dollars for its inventor in about 10 years. Extensively researched about this method. Removed what I thought was not applicable because the inventor gave the pure method into the trader he hired to execute his own transactions. I got this method from that trader of the as an inferred method. I subjected this method to many stress tests in different market conditions. The last of these test was in my USD/JPY brief, a 1,000 pip trade. It went in my favor for about 350 pips and then turned against me. This is precisely what I was looking for, that is, what happens when a trade goes against me. The pair went about 500/600 pips against, giving me all the opportunity to test the method. My net gain with this shedding trade is about 3.5%. Proving strength of this method.
I started this thread few months ago and don't just remember what I have posted in this thread from time to time. These were my thoughts at the time of composing. My articles after this date, that is, November 08, 2014 would be the ones, that are relevant. I really don't say what I submitted before that date are entirely irrelevant. In fact, I've described the comprehensive philosophy of this method within my articles here.
There are lots of people who have contributed their best on forum. This is my best.
I'm under an obligation to not disclose this particular method. Even though there was no such promise, I'd still not have disclosed this method at a public forum. That is result of my work, my labor, my pain, my sleepless nights, my tears, and my money. I will disclose this method only if Coca-Cola admits its Coke formula. You folks should admit my copy/trade or whatever rights I'm entitled to this method. However, I'm a genuine person and receptive to notify anybody who seeks aid in gambling. Will disclose just up to the level that is not injurious to my pursuits.
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The initial post written in the time of thread start:
The aim of this thread was achieved with your help. Here is the link to the post finishing this search but I hope posters to keep on expressing their views https://www.forexsoutheast.asia/fore...36-trades.html
I'm NOT a professional trader but have deep interest in foreign currency trading. Have spent several years in this market and have grown and tested innumerable trading methods, also tested methods invented by other people.
I don't understand how much and what is true in whatever is submitted or claimed here. When I say I don't understand, I honestly mean that I ha
that I don't have any means to test accuracy or otherwise of those claims. Thus, all who claim 3% annually to 3,000% annually are innocent until proven guilty. But, everytime I read a claim about a system that's consistently profitability or profitable out of proportion, I start imagining those claims when they do not mention downside of such systems.
I tested several Forex Trading myths or overall believes. Without prejudice to anybody believing on those myths, my experience tells me they may or may not work. When I say believes or myths, these include, but not limited to the following:
1. Fibs work
2. Rshould not be less than 1:1
3. Put a stoploss
4. Do not put a stoploss
5. Realize partial profits
6. Go for big swings
6. Trendline or Support / Resistance Break-Out Trading (Thanks to Jesse Livermore for this)
7. Range Trading
8. It's game of probability (Thanks to Mark Douglas with this one)
8. Trend is your friend (Everyone saw what happened to Wayne Jacko.)
9. Cut your losers and let your winners run...(and let them well turn into losers so we can eventually cut them), etc. ).
I don't say these myths work or they do not work. I just say I don't know whether they work or not.
Thanks to FF Thread Moderator who modified a little the title of this thread to make it even more appropriate. It sounds better.
I will try my very best to keep this thread as clean and useful as possible contributing just what is good and logical.