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JohnW replied Apr 30, 2008This says it all.... — During the month of April I lost over 1000 pips, but my account grew 20%. So who wants my system? image
What's wrong with us forex traders?
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JohnW replied Mar 16, 2008Hey DollaBill - You hit the nail on the head! The underlying purpose of my posting this thread was to get traders to realize that to succeed in this market, you have to think. There are tons of vendors selling magic indicators, and crossover ...
The Holy Grail - Found
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JohnW replied Feb 23, 2008Hello traders; For those looking for a complete document, I won't be preparing one. I have devulged everything that I would have put into a document inside this thread. I have received many PM's from traders wanting me to tutor them, and after April ...
The Holy Grail - Found
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JohnW replied Feb 8, 2008Chevelle - What money management formula/spreadsheet do you have that would dictate your trading 0.25 lots on the first trade and 1.5 lots on the second?
Money Management
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JohnW replied Feb 4, 2008Seeking Light- Thanks again for your posting to this thread. Part of my goal in posting this thread was to do what you and several other prominent FF members have done frequently - try to get traders having difficulty to "simplify" their charts and ...
The Holy Grail - Found
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JohnW replied Feb 3, 2008Excellent link. Thanks very much, FXNorm. This is a "must read" for all.
The Holy Grail - Found
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JohnW replied Feb 2, 2008Hey SeekingLight Thanks very much for your contribution to this thread. I am pleased when prominent members at FF post here. I hope you learned something from the posts I have made, and I appreciate your positive comments. As a former student of the ...
The Holy Grail - Found
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JohnW replied Jan 29, 2008aihua5- The EUR/JPY is my personal favorite pair. Because of its positive carry and my familiarity with it, I give it lots more room in a trade. The 30-pip SL is a guide. Since I use S/R for trade entry, it makes sense to use it as an SL. If I find ...
The Holy Grail - Found
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JohnW replied Jan 27, 2008For those needing advice, I attach a setup I took in December. This was on the Cable, and at the time that pair showed an uptrend on the daily chart. As I do with all pairs that I trade, I draw a horizontal line where I see the strong S/R level. In ...
The Holy Grail - Found
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JohnW replied Jan 27, 2008Hey JFX81 - Thank you for your continued interest in this thread and your valuable advice. I am sure that followers of this thread appreciate your contributions. I have been PM'd by several traders wanting me to help them learn to trade after I have ...
The Holy Grail - Found
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JohnW replied Jan 22, 2008I had no interruptions in MT4 on Interbank during all of yesterday.
The Holy Grail - Found
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JohnW replied Jan 21, 2008I am located on the west coast USA. That's part of the reason I developed this method - I needed something that allowed me to take advantage of the moves that occurred during London without haveing to be awake during London. I am currently using ...
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JohnW replied Jan 9, 2008Hey folks, it's good to be back. I just took off most of December and just started trading this week. FXNorm and tex123, it looks like you have it. And I agree with TwoBlink. The first step is "figuring out" what works and why. For me, that was ...
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JohnW replied Dec 23, 2007FXNorm - The things I look at are: The daily trend (draw trendlines) 30M trend (draw trendlines) Am I trading against the carry or with it Where is the next S/R level if I am filled Will I break a minor (30M) trend and an S/R level when filled Will ...
The Holy Grail - Found
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JohnW replied Dec 22, 2007FXNorm - Just a note. I am done with this thread because I really have nothing more to add. The key points are that if you spend a month or 2 watching what happens when price breaks a trendline (formed on the 30M over the course of 2 or 3 days) and ...
The Holy Grail - Found
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JohnW replied Dec 17, 2007Not necessarily. Many people will use bias as a trend indicator, but nothing beats looking at a chart from a distance of about 5 feet. If you can't see a trend there, pick another pair.
The Holy Grail - Found
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JohnW replied Dec 16, 2007Here it is — OK folks! I have received tons of requests for this, so rather than reply to each and every one, I have decided to post it here for all to read. I DO have indicators on my chart, but I don't use them for entry or exit. They are ...
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JohnW replied Dec 15, 2007Yes — Yes, I use diagonal & horizontal S/R lines. When I see S/R from horizontal lines in close proximity to S/R from trend lines (diagonal lines), I know I have a stronger S/R level. If price breaks both S/R, I am confident that I have a good ...
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JohnW replied Dec 15, 2007Training — So far I am getting them past the fact that losses do occur, even with my method. Now I am involved in teaching them money management while they demo trade. Things are progressing nicely. Thanks
The Holy Grail - Found