thread: Do you still believe in the perfect trading system?

90201what about trying to Figure what ccycle the market makers are in I Believe That's about as close as one can get to knowing what way the market is currently heading accumulation /distribution

90201

IMO it's 100 percent egy, 100 percent MM, and 100% emotional self-control. Because if any one of those factors is missing you'll lose.

If feelings were the major issue, then more EAs are long-term profitable. EAs commerce with with discipline that is perfect, and can stick to MM principles. Any failure has to be egy associated.

Automated trading progr fail since they do not Understand How to interrupt or remain abreast of breaking fundamental news. The market is far too HUMAN for almost any lines of codes to MASTER. A trading egy involves HUMAN INSTINCT in addition to logic, and instinct is tied into discipline.

90201

Yes

But had taken several hours to have arrived there.

The same thing for me:
But not only many hours, actually several months!!

90201Yes.
For me personally, Holy grail is about personal the greatest winning way in trade.
I thought, eventually evry traders will find it because every individuals has survival insting inside that may lead into the ideal path.
What do we need is simply learn and understand, practice and exercise.... You will be taught by your Self. All this require time... how long time will require, is parameter for the distinction of dumb and smart traders.

96544

Oh no excuseme, I don't mean holy grail as an indior or a egy which make you milionaire without work, infact holy-grail is maybe a wrong word to use, mm let us see how to specify what I mean. .

I mean, the holy grail, as a trading-style, of course it come with a major work and some long encounter, but what I really suggest with holy grail is a egy (surely an intense complex one) that let the trader utilize the market as an ATM machine.

Of course it need hard work and expertise, but that was evident

Yes and it's easier than you might imagine. Assume the market tails , heads up and is a coin toss. You, the trader, needs to guess heads/tails. On the long haul the market will often (trend) into 50/50. If you change your guess, you have a chance (though slight) of constantly guessing wrong. If you pick heads, the prospect of you guessing wrong is slight.

How to make this work for you? As you can guess from my name, I trade GBPUSD. The H1 range is over 30 pips. If I trade short and place my stop in 10 pips, I am in a place to create 30 or more pips when the GBPUSD goes on a run. That makes up for my losses.

H1 chart:



M5 chart with H1 history:



trading only once a hour prevents getting chopped to death. It's either a loss, no trade or a triumph. Knowing when to quit while ahead is what separates the winners and in gambling.

96544IMHO knowing when not to quit (i.e. let winning trades run) is what separates the winners from the losers.

96544

My Holy Grail....lol.. .at the moment anyway

Dude hope this is on a demo account?

Z

96544

IMHO knowing when not to quit (i.e. let winning trades run) is what separates the winners from the losers.

Still does not answer the main question: Can You Believe in the Holy Grail?

Z

96544

IMHO knowing when not to quit (i.e. let winning transactions run) is exactly what separates the winners from the losers.

Knowing when not to quit, implies knowing when to quit. Conversely, know when to quit implies knowing when not to quit.

The question, Is it time to quit? , is the query to be answered.

When the solution is, No, it is not time to quit. Allow the winning trade run., then implies at some stage in the future you may decide it is time to quit. That brings us back to my first statement.

Knowing implies having the skill to determine under what conditions it is ideal to allow a winning trade run and under which conditions to exit. You can never know the result of your choice beforehand.

96544

Still doesn't answer the main question: Can you think in the Holy Grail?

Z

I replied previously the only Holy Grail is at the Monty Python movie of the Identical name.

Trading properly, profitably, always is my target, not grail.