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Old 10-03-2008, 05:51 PM
stratocaster59 stratocaster59 is offline
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Join Date: Sep 2008
Location: Southern California, USA
Posts: 81
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Hey Rockie and Bill,

Thanks for the feedback. Ireland eh, Bill, now you have to HAVE the luck of the Irish! I'm originally from North West Yorkshire in England.

Have been trading stocks, futures, commodities on and off since 1992. I have spent $thousands on books, courses, seminars, systems, methods etc, you name it and I've probably seen it and done it. Have searched many and various Forums and followed their so called profitable systems and methods only to find they were optimised and therefore not consistent.Have even developed my own systems and indicators which again were not consistent. Finally came across The London Open and then The School of Pimpology.

Wow, to think I paid $thousands to sharks for worthless information, methods and systems when there is Zak who is sharing, what to me, is the most consistently profitable simple method ever and doing it for free! I also have a couple of pro Forex traders as mentors but they trade on their guts and seat of the pants stuff - no real method or system, just experience - buy when it's going up and sell when it's going down - they make it so easy. I have traded on their coat tails and made a couple of quid/euros/bucks (and lost) but there is no satisfaction in that.

Bill, it seems you and I suffer from the same psychological stuff, especially the paralysis by analysis. I can see a trade set up but can't pull the trigger because I can find a thousand reasons why it won't work. I have been told over and over many times to Nike It (Just do it). I envy the new kids coming in who haven't got this psycho baggage and just take this method on face value and make it work.

Another of my problems, is that I think I can do better and then proceed to take a successful system/method, refine it, tweak it and eventually screw it up. I do this even though I know the guy is making $millions with it while I'm losing! What I have done though, is take the information from Zak's templates and set my own charts up for two reasons. One is that the template is MTF for all time frames and therefore has all the indicators and MAs in it for each time frame which are all performing calculations whether they are visible or not and therefore are eating up CPU and slowing things down (even though I have the latest GHz, GB etc, etc). When you add that template to D1, H4, H1, M15 & M5 to eight or ten currency pairs, things run so slow that even George W Bush can keep up! The second reason is that I use a black background which studies have shown is restful on the eyes whereas a white screen causes severe eyestrain.

No changing the method this time though. No more of that. I recognise this as a very profitable and consistent method backed up by the most patient and benevolent guy since St Benedict himself AND his new Chat Room.

I fully understand the CCIs, MAs, time frames and most of their applications and have even done 2 profitable trades in succession which is a first for me! Also, these were in my time frame, PDT, where the volume is low so I'm pretty chuffed.

I now need to trade where the big volume is i.e., London times, especially the overlap with NY. That will mean turning my day upside down and trading from midnight on. This will be even more difficult as I am doing this "on the side", without my wife's knowledge. I promised her, after losing over $200K trading Futures and Commodities in the 90s, that I wouldn't trade again. Since I travel worldwide a lot with my business, I plan to trade the London/NY hours when the time zone allows it. Then, after successfully increasing my account, I will come clean with her and all will be out in the open and we will live happily ever after.

Sorry for the rant - markets are dead today.

Once again, Zak, thank you for sharing and caring - you are truly an exceptional human being.

Cheers,
Robert