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Thnx for the question JS --- allows me to completely establish my veracity in this situation.
while it would be harder for me to put up the range chart i use to scalp, its the equivalent of a 15 second chart (or less) and what you see on a one minute is only 1/4 of the information i trade with.
but it wasnt too hard to show the info, so i used a 2 minute chart instead.
you REALLY have to learn that what you see on a one minute chart HAS LITTLE INFORMATION FOR THE SCALPER, as what i trade is HIDDEN inside of your one minute candles, where you can never see it !
thnx for asking though !
its just all about LEARNING and EXPERIENCE, and NOTHING beats it !
enjoy and trade well
mp
MP,
can you please explain what it is that is missing in this system so we can all see is this system really worth or not.
Would you please kindly tell us what it is that is missing and/or what/where you are teaching your system. You kept telling saying "its just all about LEARNING and EXPERIENCE, and NOTHING beats it !" and "LEARN somewhere along the line --- PLEASE !" yet after numerous requests, you still don't tell us the full story. How could one learn when one does not know what to learn.
Thanks for your civil response as this community is all about learning so thanks for pointing that out. Lets keep playing nice and we all can have fun together.
Quetsion:
You said this on a earlier thread #712
"For scalping, we take a minimum of 6 trades on each one minute chart and then go on to the 3 minute, 5 minute and start all over again, working our way up to the 15 minute."
"anyway, this is what the ORIGINATOR of this method (ME !) has made so far today, and we expect to hit 800 pips before we then switch to our "overnite" trades, good for a usual 120 pips while we sleep !"
"FURTHERMORE, while i have mixed feelings about the thread owner using this, i am REALLY UPSET to see that its not being used in its entirety but rather just a small part --- much of what happens in these trades (to avoid massive drawdowns) is "time of day" based, which is a very important part of the approach. Arbitrarily going forth on a trend that will reverse soon can bring DEATH to a small account, especially if its being overtraded"
You clearly say that you only use 1 minute then go to 3 minute then to 5 minute and work your way to the 15min.
Why now are you saying you use a 15 second chart? Why not mention that in the first place?
to be fair, i havent a clue as to what the range chart converts to in realtime, but i figure 15 seconds to be close enough anyway ---- i DO use the one minute chart and COULD do it without the lower timeframe because i know all the s+r points contained WITHIN the one minute, some of which are HIDDEN within the candle movement itself (lets say i take 2 trades a few seconds apart --- HIDDEN inside the one minute candle are those TWO trades, which you cannot see unless you have FULL details, which neither you or TRO has (although TRO is now stealing more of the indicators i use every day, trying for all the world to convince others that he understands how to trade, which he doesnt)
But returning to the question and dropping my anger for a moment, the ONE MINUTE candle CONTAINS more information than you are capable of showing, therefore you only get ONE chance at what is MULTIPLE chances to trade the timeframe ---- the range chart is simply an adjunct and while i did not mention it originally, it doesnt really give me any sort of "edge" over just using the one minute chart.
What you are saying is that in your 15 second scalping method that starts with 15 seconds, then goes to 1min,3min,5min to 15min that you are seeing trades that are happening that you happen to purchase a long and it went up to its target that does not show on a 1 minute chart. Do I have that correct?
not really, as explained above --- ALL of these trades are in the one minute but one has to SEE them, which you simply dont !
If that is the case then why use a 1 min, 3min, 5min chart? All of those time frames to show the next candle? Why work your self up to the 15 min chart? I would mean watching a candle form in ever time frame. There would be no reason to do this because it would defeat the 15 second trade.
oh me --- you need some lessons dontcha ? When trading short term (also long term, but thats a horse of a different color) ALL timeframes are important as in the 15 minute chart is composed of single candles representing 15 ONE MINUTE candles, which now presents a staggering number of trades (15 X 6 as a low number) that one can take if so wishing
Each timeframe is interdependent on the one below and the one above, all the way up to the DAILY, (or higher, if one wishes to wax philosophically about it !) --- the one minute DOES NOT exist independently of all the rest, which is the KEY to making pips in forex !
If you are using the charts as over layes then you are not looking for the price to move in the 1 min, 3min, 5min, 15min. You are looking for a pattern a picture while looking for a trade in the 15 second scalping chart you have.
I trade in the most simple manner there is --- if its going UP, then i go long. If the price is going DOWN, I am short. I KNOW where the price is going and usually know when it will get there which is dependent on the momentum contained in that sessions trading, but thats it and the "15 second chart" really hasnt much to do with it at all, so dont look to it as the "edge !"
Why is your 2 minute chart so different then a 1minute chart? Price is Price its going up or going down. Look at every time frame and you can see this happening the same...Just don't see the possiibility of any other time frame not showing the same thing.
uh, maybe cause its TWICE as much as the one minute ? --- actually, probably because of the magnifications i use --- your chart seems to cover the last millenium, and therefore EACH candle is kinda sorta vague --- mine are simply strongly magnified, and therefore MUCH easier to see the REAL situation.
I was simply too lazy to search the one minute chart for the answer to your question, so started with a 15 minute and kept zooming in to the trade dates and times, then i simply switched over to the 2 minute because there were FEWER candles to have to display, making for a clearer chart, but the answer to your question, I am sad to say, is simply based on the fact that you have not studied what really happens on the charts --- when i teach people who CARE about learning, they spend a week doing nothing more than WATCHING the charts, the interrelationships between the longer and shorter timeframes, and they soak up all that information before even considering where the price is moving --- FEW if ANY forex instructors or "system" creators have the experience that comes out of the equities world, where we didnt have MT4, ROBOTS and all these wonderful "systems" that may or may not work --- in equities, one has to KNOW what is happening before the money hits the table !
Why is this trade similiar to any of my trades? None of my trades are like this set up or signals. Just curious.
Please indicate what TSU that I have put on this forum that is like your trade. Please see the first post for the Trade set Ups.
Please post that same picture you just shown with the date of 6/3 as i did. It shows authenticity. (Sorry for My error I see the 6/3 on the chart to the left. Thanks) Sorry for the detailed questions. I just know human beings and humans are deceptive. Not that I'm saying you are. I'm this way with everything I do.
Understand JS that i KNOW what im doing to the point that forex is rather boring, which is EXACTLY as it should be --- i have NO reason to falsify anything, although
also please understand that money no longer holds much mystery or desire for me as i simply produce more in a day than most ATM machines and one can only have so many trust funds to shelter it !
Thanks again for the friendly dialogue
JS
ENJOY AND TRADE WELL
mp
__________________ KNOWLEDGE and EXPERIENCE are the handmaidens of the riches of forex, and i buy them roses every day, with many a thank you !
I do no one any good by giving you the numbers and junk to plug into MT4, BECAUSE YOULL NOT UNDERSTAND THE MARKET.
you will have the pieces, but NO UNDERSTANDING OF HOW IT WORKS, leaving you a dumb robot following a carrot on a stick.
I TRADE for a living and to put dead animals on the dinner table, and I WORK HARD for those animals
now others want dead animals also, but they dont want to have to go out and get them, instead wishing for me to DELIVER the dead animals.
THAT AINT THE WAY LIFE WORKS ---- I DONT PROVIDE A FREE LUNCH !
IN MY WORLD YOU LEARN TO GET YOUR OWN DEAD ANIMALS !
Quote:
Originally Posted by smudge
MP,
Would you please kindly tell us what it is that is missing and/or what/where you are teaching your system. You kept telling saying "its just all about LEARNING and EXPERIENCE, and NOTHING beats it !" and "LEARN somewhere along the line --- PLEASE !" yet after numerous requests, you still don't tell us the full story. How could one learn when one does not know what to learn.
__________________ KNOWLEDGE and EXPERIENCE are the handmaidens of the riches of forex, and i buy them roses every day, with many a thank you !
It makes me wonder why you mentioned that you are teaching on another site and what kind of teach you are, if you are one at all. I guess one never know what the truth is.
I am glad you are not my driving instructor and sincerely hope you are not one; imagine a student being told to do anything he/she wishes and JUST LEARN.
u must understand, at this point in my life I am leaving a legacy and that is to TEACH others how to both UNDERSTAND and SUCCEED in the markets, be they forex or index trading.
There are TONS of you out there who simply wish to be HANDED the secrets on a silver platter, for you to USE so you can become RICH ---- I have no dislike of that conclusion BUT YOU NEED TO LEARN FIRST and then you can go on to trade forever, developing your own particular slant and methodologies.
I cant say that my life has been hard, rather its been marvelous with no failures ever but only upward moving and wonderous serendipity so while i can never say I HAD TO WORK FOR IT ALL MY LIFE, no one handed it to me --- i had to develop it over years and years and i I simply HAND it to you, of what good then, aside from giving you additional income for a while, would my hopes and desires for the future generations of retail traders have ?
So its simple --- if you WANT to trade and want the benefits of KNOWING how to trade, then you LEARN to trade, and thats the bottom line ---- LEARNING TO TRADE does NOT mean being handed some indicators, patted on the head and left to go off into the jungle with no other weapons !
IF YOU WISH TO LEARN, I CAN TEACH, BUT IM NOT A GIVEAWAY PROGRAM !
Quote:
Originally Posted by smudge
MP,
It makes me wonder why you mentioned that you are teaching on another site and what kind of teach you are, if you are one at all. I guess one never know what the truth is.
I am glad you are not my driving instructor and sincerely hope you are not one; imagine a student being told to do anything he/she wishes and JUST LEARN.
__________________ KNOWLEDGE and EXPERIENCE are the handmaidens of the riches of forex, and i buy them roses every day, with many a thank you !
Second stop braging. You end everything with how awsome you are and how much money you make. Every exctremely wealthy person I know don't need to tell everyone there bank account or how awsome they are.
Third what you explained about about charts I get and understand. You must have miss understood me. That is not hard to get.
Four and final. I just don't believe you anymore. I'm tired of only you answering the questions that fit you and make your response look or shed the light on you. You act as if everyone is getting mislead by everyone else. You act like you care about everyone and there bank account but you are give no full answers and still leave everyones questions un answered.
You spout off like you are yoda but give none of your "quote Knowledge" to anyone in the form of teaching. You just ramble on and talk down to everyone.
I have asked what trade I did that made you even start your spouting off. You could not even produce it.
I have a 1 minute chart and you are telling me that I can't see. Well you only see because you seem to have a 15 second chart that shows price moving up and down and know one can see that. That does not make you a beter trader then everyone else. I just means you have something else that gives you an edge. Like Steriods to Barry Bonds.
I FINALLY LOOKED YOU UP ON GOOGLE. I SHOULD HAVE DONE THIS FIRST BEFORE I INGAGED IN ANY CONVERSATION FOR YOU. I'M GOING TO ASK YOU TO NEVER COME BACK TO THIS FORUM. YOU ARE A CHEAT, LIAR, AND APPARENTLY YOU DO THIS EVERYWHERE. YOU SAY WE ALL ARE THE ONES WHO DON'T KNOW ANYTHING. WE'LL MY FRIEND YOU SEEM TO NEVER LEARN SO HOW CAN ONE TAKE ANYTHING YOU SAY TO HEART. WHEN YOU SEEM TO NOT LEARN FROM YOUR OWN MISTAKES. PROFESSIONAL. BU_ _ S_ ITTER IS ALL YOU ARE.
FOUND THIS ON GOOGLE'S FRONT PAGE AFTER PUTTING YOUR NAME IN.
"Trading With MP6140"...worst thing I ever did - T2W Day Trading ...
His story's invoked me to make the biggest mistake of my life so far... I thought I was going to be one successful guy someday with them darn to-good-to-be-true story's.
Quote:
Originally Posted by mp6140
================================================== ==============
many years ago, in litigation and not settled to this day --- be kinda careful what you bring forth as its an ongoing situation.
mp
Saw this and I was shocked. It still hurts thinking about it. Anybody have advice for me? Ill be back in the states soon (been in Japan for 4 years).
------------------------
before reading this you may want background info... if you search the words "mp6140" on google you will see the link on the second returned result.
--sent me this when he tried to convince me his hedge system is worth more than the 9,300 some dollars he lost for me. That even with small amount of money (how much money can I have I am 22 yo E-4) to start with I should have my money back in no time. Funny how if hes making so much with his trading other peoples accounts and his own that he can't afford to even give me half of what he lost in less than a weeks time. One can't blame this on the market as he doesn't want to admit it and every time we bring up the issue he tells storys. This is just two of the emails.
"have you noticed it working yet ?
we presently are averaging 500 daily on the beta testing, and linking the trading to cell phones so no one needs to be at a computer at all.
the EA (NOT the way I trade) appears to be still in need of work (as i imagined it would be) and so I will not pass it on to you at this time.
trying to get into hospital next week, and when I return I will be going full time using only the system, as its passed all tests with flying colors.
looking forward, there is NO reason we cant be square (and you then going into profit) within two months of starting real trading, with you only having to make a few casual trades per day !
One thing I will request (as a form of commission, shall we call it), is for you to delete your references to me in the many sites you have posted on, once you make profit. I think that would be fair.
enjoy
mike parker"
------------
---and this when I asked for some kind of proof that he is going to pay. Its been hard to do anything and ask for any kind of support because of being in Japan. Our jag doesn't know how to handle these type of legal matters.
"chris
a letter of intent is not worth the paper its printed on, especially as I face an operation without yet knowing what the recuperative length shall be.
Ive promised to help restore, and certainly intend to, but cannot live with time constraints which may be completely out of my control due to health factors. (its been two years...)
Hang in for a while -- we shall get it all under control.
mike"
----------------------
Again if hes so successful where he has the right to give advice and talk about all the peoples money he manages and how much he averages ... why is it so hard to give me some money to cover up the mistake he made? Its because of this I still to this day am scared to invest any of the little money I have at all, how silly it sounds. Took me almost two years of constant boredom/penny pinching to save up that... . Where are his morals.
firewalker99
Legendary Member of this forum says this about you.
Quote:
Originally Posted by mp6140
--- its easy to sling mud, but one needs something behind --- something called "facts"
mp
You want facts? I'll give you facts.
Your name is Mike Parker,
you believe you can predict the market,
you claim to make 302 winning trades (no proof as of yet),
you use no stops,
you average down,
you stated the market would go to 12690 on Monday, if not definitely on Tuesday. The DOW came within 10 points of 13000 yesterday.
you see reversals in completely uptrending days (see here),
you'd close winning trades for 3 points profit (see here),
you've posted on a site Stockhideout which led to other people losing money using your "methods",
you've been expelled from ET after your true nature has been exposed,
you've left your wife and kids without money,
you've opened accounts on at least a dozen trading websites (try googling for 'mp6140'),
you've falsely accused me of plagiarism,
you've yet to show one live trade,
you claim to be interested in nothing more "but expressing your ideas", yet you accuse anyone that does the same of copying your methods, you try very hard in convincing your method is the most profitable one and you fail to admit you're wrong in the face of adversity (see here),
you've derailed more threads than anyone else in the short time you've been here,
you've been banned before.
In short, there's only one rational conclusion. You're a complete and utter nut.
Even new_trader (read here) and temptrader (read this), which I had many arguments with, back me up on this. If there is any single person still left on this site who thinks otherwise?!
You want more 'facts'?
I wish I would have never went against what I asked everyone to do and thats was ignore you. I figure everyone gets a second chance. By your responses to my questions and the way you respond made me look you up. Sure enouph you do this everywhere. You just don't make friends well.
If you don't get of this thread I will make sure I get a compain to get you banned from this forum like every other forum you have been banned from. The forum that I got these statements from even banned you.
Your a waste to ever trader and you are a very sick person. Really you are. Get Help. Start with your Ego. I suggested you watch the video. If you did and did not see a resemblence I'm afraid someone will have to lock you up because you are to far gone.
im glad you raised a topic that happened many years ago and is presently being resolved --- but if you notice, I NEVER shed my mp6140 because i have nothing to hide from. A mistake was made --- neither I, the OP or the broker could offer any form of explanation as TWO people held trading rights on that account.
be that as it may, it hasnt happened since and was one of the more important learning experiences in my life, which AS I STATED, is now being resolved with the original person and thats the sum total of what i have to say about that.
that YOU cant understand the information contained within a one minute candle because YOU are working with incomplete information is not something I CAN EXPLAIN --- YOU SIMPLY LACK THE TOOLS TO SEE THE TRADES, what else can i say.
the PROOF you asked for was presented --- anyone can see the trades are legit, even using the 2 minute chart, so kindly stop discussing my other charts, which are simply not worth discussing.
what got me to start posting is the simple fact that i see a VERY familiar situation, using something very familiar to me, and YOU PRESENT ONLY HALF THE INFORMATION NEEDED FOR A NEWB TO SURVIVE, because the MACD can kill you graveyard dead in milliseconds without confirming information.
I have enough peeps following what i do, including sites opening "trading mp style" to establish my veracity (i have NOTHING to do with those other sites, btw)
What you confuse in your own mind is "bragging" vs "being completely sure of oneself" which is normal for those whose experience does not match equally.
I dont talk "down" to anyone, but have a very honorable agenda --- IF YOU WANT TO LEARN TO TRADE FOREX, THEN I CAN TEACH YOU HOW TO TRADE FOREX !
Since i get NOTHING as far as renumeration for this work, I CALL THE SHOTS AS TO HOW I TEACH THE SUBJECT, and i call the shots because I desire peeps to LEARN, and not walk off with a bunch of indicators and not a clue as to when to use them, when NOT to use them, how to trade market reversals, how to SEE the way the market is going, etc - - - -
IN OTHER WORDS, IF YOU REALLY WANT TO LEARN FOREX, AND NOT BE HANDED A "SYSTEM", THEN I CAN HELP, BUT I WONT HELP THOSE JUST LOOKING FOR A HANDOUT !
while not being insulting, allow that you appear NOT able to understand what Im stating, and if you dont understand, then you may well just be another with hands out, tongues salivating and waiting for me to drop the secrets into your hand with NO WORK on your part !
AINT GONNA HAPPEN !
__________________ KNOWLEDGE and EXPERIENCE are the handmaidens of the riches of forex, and i buy them roses every day, with many a thank you !
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