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View Poll Results: What Do You Think?
Good 631 87.76%
Bad 88 12.24%
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  #181 (permalink)  
Old 08-10-2007, 12:19 AM
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money for august

I took a screenshot of my +- for august
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  #182 (permalink)  
Old 08-10-2007, 12:48 AM
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Quote:
Originally Posted by Pip Meister View Post
Hi traders,

I know everyone and their mother knows this, but keep in mind most professional traders win only 30 to 50% of the time and make good money because of proper money management. With this system, sure you're gonna get some losers. In the trading industry that's what we call the "cost of doing business." On the other hand, as Bear and FX11 have proven over and over, with proper money management skills and PATIENCE (yes I'm YELLING...especially at ME! lol) you will see your wins far outweigh your losses and your account equity will grow. Sometimes all we can see is our current situation and are not able to grasp the MM concept so that we last in this business for the long haul. Trading is no different than other businesses out their.....95% of people fail at it within the first five years (even shorter with traders). The ones that succeed are the ones who employ good money management. And from what Bear and FX11 have demonstrated, for some time now I might add, is that this method works....one more thing and then I'll get off of my soap box.....KEEP IT SIMPLE SILLY!

Pip Meister
Hey Pip Meister,

Thank you so much for your kind words. We have been friends & colleagues for for a little while now & you know how I am. I like to help people but I have a quick fuse, so I thank you for your calming words. Forex11 & I have been at this for a while now & will continue even if we dont need it.

Good Luck my friend & I will see you around. Dont forget we should try to meet maybe in Florida so we can some ribs from that place Forex11 likes.

C YA,

Bear-
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  #183 (permalink)  
Old 08-10-2007, 12:55 AM
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Talking

Quote:
Originally Posted by jtre View Post
hi,

bigbear


My results are unbelievable

today alone I have already made +300 pips
nzd/usd o:.7679 c: 7579
eur/jpy/ o:165.08 c: 164.08
nzd/jpy o:91.81 c: 90.81

Yesterday I finished in a +119 pips profit. The day before +172 pips

Total +591 pips

This is only 3 days!
Hey jtre,

You are the man. You are taking to this very fast. Keep doing what your doing cuz its working.

Keep it up & maybe you can meet us for Ribs in Florida as well LOL LOL LOL,

GREAT JOB!!!!

Bear-
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  #184 (permalink)  
Old 08-10-2007, 01:06 AM
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Quote:
Originally Posted by Eureka View Post
Big Bear,

Do you only trade this system certain times or do you find the signals will work any time of day or night?

Thanks.

Eureka
Hey Eureka,

I trade this anytime. If I see it. I get in.

Thanks,

Bear-
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  #185 (permalink)  
Old 08-10-2007, 01:15 AM
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Quote:
Originally Posted by ryanklefas View Post
How does this system perform on less volatile pairs (like EURUSD). There are an awful lot of results for JPY-based pairs but little else. I must admit though, I have not read the entire thread...
Hey ryanklefas,

As I see it now a lot of the folks here who are trying it out before they judge it are doing well with a lot of pairs.

You should not expect 100 pip trade on a pair that has a daily range that does not host it.

Yen pairs move 100s a day. E/D on a 1 hour I would max out at 50 myself. But thats just me.

Forward test with your favorite pairs & get some numbers. Maybe we can place a chart here with good TPs for the pairs people like to trade.

Hope that helps,

Bear-

Last edited by bigbear3391; 08-10-2007 at 01:21 AM.
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  #186 (permalink)  
Old 08-10-2007, 01:19 AM
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_00 _ZZ_Window

I have been asked in several Private messages to post this indicator..Ok,Here you have it..this just the same as ZZ Pointer posted by bear,only advantage,if any,is that you can check the repaintings with the visual tester..

As I wrote before,bear`s method is invaluable..just take care to know its limits,with the right MM you will get ahead..
I traded a similar method on D1 ,with _00_ZZ_Window(different settings,probably bear settings are better,more conservative) AND a propietary trendfilter(very similar to Chandelier Stops) on W1..results 64% wins(between 54% and 82% depending on pair..jpy pairs the best)..PF around 2.4 (1.8 to 4.1 most of them, depending on pair..GBPJPY the best )...
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  #187 (permalink)  
Old 08-10-2007, 01:24 AM
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Quote:
Originally Posted by jgerousis View Post
Nice system. But how would you know that it won't rebounce? I tried to find a possible solution for rebouncing, but could not find out one. Any suggestions?? Maybe somekind of filter?

Regard Yanni
Welcome to My Fx Report - Live Forex Trading
Hey jgerousis,

I would like to ask if everyone would please read the whole thread before you ask so as i dont have to keep repeating myself.

Thank you,

It will repaint. You cant know. It is considered a loss.

Hope this helps,

Bear-
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  #188 (permalink)  
Old 08-10-2007, 01:37 AM
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Exclamation

Quote:
Originally Posted by hexadecimal View Post
To good to be true i ran some back tests both indicators repaint the past big times. Look at the attached pictures. And this scenario is happening 8 out of 10 trades.

Hey hexadecimal,

Are you saying this system does not work? Are you reading the same thread I am? Please forward test for a while before you say it does not work because no matter what you or other people think it does.

Im sorry to say it that way but frankly people have become so cynical about trading & systems that fail, that they look for any little reason to blow something off.

Let me break something down for you all.

There are a lot of reasons why 95% of traders give us their money.

Top reasons,

GREED

FEAR

NOT STICKING TO SOMETHING.

I understand that people get burned. I have wasted over 5 digits $$$$$$ in the search of the HOLY GRAIL.

There isn't one.

There will never be one.

Anyone who says they have one is full of crap.

You wanna know why there are so many people selling stuff out there.

THEY CANT TRADE!!!!

People make more money off selling stuff then trading it.

I trade this system for a living.

I was considering sharing it here for a while. I could have paid someone to research an EA or package this for Forex11 & I but instead I decided to give back. All I asked in return is that we as a group create an EA that works.

I have been where some of you are, its not only possible,

Its real.

So think before you speak. Do real research.

Dont like it? Dont use it.

What a simple concept.

Bear-

Last edited by bigbear3391; 08-10-2007 at 01:40 AM.
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  #189 (permalink)  
Old 08-10-2007, 01:41 AM
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Quote:
Originally Posted by Matthew View Post
Jtre, you havent mentioned in your statement which timeframe you are using...1h or 4h? or both?

Thanks Bigbear for sharing this strategy with us.
Hey Matthew,

Your very welcome.

Bear-
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  #190 (permalink)  
Old 08-10-2007, 01:48 AM
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Lightbulb

Quote:
Originally Posted by Fili View Post
i'm asking myself does this system give such extrordinary result only in this moment coz the market now is very very specific. backtesting is imposible so only the forward test will show the truth. but forwart test less than 1 year on h4 is useless...
but i like the idea and i'll be watching for further results.
i like simple ideas.
good luck
thanks for sharing
Hey Fili,

I have been using this system for a long time. It works. This is just a good few weeks. It will slowdown & trades will last longer. How can forward testing for a year be useless?

Anyway your entitled your opinion.

Good Luck,

Bear-
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