Comment by Recuva Ball on May 28, 2011 at 4:06pm

Lisa:   Briliant  post ! Congrats!

Comment by Nasimul Chowdhury on May 28, 2011 at 7:14pm

Racuva

I think Doctor's forecast works more times than it doesnt.  ONCE the trend is set, Doctor's forecast is fairly good.  I think Doctor's model is not able to forecast the turnaround points. 30 min rule or 2 hour rule works 70-80% of the time.  Also Doctor is fairly stubborn in his outlook, once his mind is set, that is how it is, but it has improved recently.  This is my conclusion of watching this blog for last 2+ years.

Comment by ATF on May 28, 2011 at 8:53pm

Dear Doc

Kindly suggest some lower levels in GBP.

As u said tht it will come down for weekend but it hasn't.

U also said that it will come down as a week beginning false move.

Kindly shed some light on it.

Best Regards

ATF.

Comment by raj patel on May 28, 2011 at 10:19pm

Recuva, From your posting it is clear that you are very bitter inyour words about a very big loss you made following doc forecast and in you own words you confirm that stop loss is for wimps and it should be part of a trading stratergy if in fact your expectation is for some super human to give you a trade on a plate so you can profit from it without any effort. Well I have news for you your are doom to distruction to think that you can profit with a reward without any cover from trading risk every system in the market i have come across first mention how much one can afford to loose before taking the risk that is part and parcel of Risk/Reward  what would know of this when clearly  you state that  hedging and stoploss should not be used and you don't belive in it, As you live in cocoo land you need to growup to reality and face real world of trading

good luck

Comment by jefe on May 29, 2011 at 12:50am

Dr,

 

FWIW-- I know from time to time you review your algorithm  -- I "think" it's only the time that is off-- several times over the past year-- I have noticed that your "x factor' has already predicited the moves-- I believe we are in that scenerio now--  as your predicated shakeout has already occurred--- those holding short EU/GU need to hold on- for another shake out ... UCAD is about to TANK-- the DISTRIBUTION is KILLER...  as well as USDSGD and USDSEK...

 

Commodities lead the rallies and lag the drops-- NZD and AU are leading  UCAD is LAGGING...

Funny think --- IIRC when AU was 80-- who would have predicated 1.100... Now look at it...

PA on NZDUSD is similar...

 

CHINESE are going to bury the USD across every mkt-- US IS the new third world for cheap labor....

Comment by Deshi on May 29, 2011 at 3:36am

 

There is a function called stop loss in every platform. Don't knwo why people are not using that (even me).

AS per my understanding, Doc's method is okay if you follow hard core rule. His prediction some time goes wrong, well truly speaking it getting delayed. But if you use that stop loss method, you won’t loss more. And going trade is your own call with your own money. There is no point to blame anybody for giving any prediction on this market. I think nobody can give you such thing. If anybody can do that then he/she will be world richest person. Am i wrong???

Comment by Santosh Tiwari on May 29, 2011 at 4:09am

... and here we go again...
Deja vu ....this can of discussion seems to be a regular thing here. Just come back after few months to take a look and everything seems to be a replay of the old discussion.

It is the same points getting discussed

some points -
1.it is forecast , it can go wrong. Does not matter whatever I say about the market, it is you who is taking the trade so if you loose , it is your problem. However if you win , I am more than happy to accept all the thanks and appreciations because it was my prediction not your decision to follow my prediction which got you profit. Lets be honest guys - it does sound a bit unbalanced.

2. Raj , Mate what happened? I have seen you responding on these forums before and we may disagree on few things but I have never see you using the language which you are using this time ? I respect you a lot mate because you have always maintained the decorum in heated discussions as well.

3. Raj , everything else might be a candidates for defence but you have to agree there is no way to defend the arrogance which was evident in some of the doc's post. Lets be clear , there are different nationalities and cultural background people here. What might sound normal to one can sound very arrogant to another. Doc has been a professor all his life but please realize the fact that a blog is not a lecture class and you have to be very sensitive before you say something or make a comment like weak minded people who are getting fooled . Blogging is a discussion between peers not necessarily a traditional relationship between teacher and student in a Indian environment. Apologising in advance for any angry reactions here but the fact is blogs have global reach and being culturally sensitive is part of a good communication .ignore it and keep in mind, if nobody controls what u say , you also don't control what people comment.

4.The final point , if this can said that - if you dont like this blog , go away, it can be equally said , if you dont like the comment - ignore it. a commenter is as free to comment as a blogger is free to blog. so, the principle applies both ways.

I have purposefully kept my comments out of trading systems and approaches and on blogging practices and ethics. trading systems and approaches have been discussed here ad-nauseam and jury will always be out on whether doc's system works or not.

hope this provides a closure or should I prepare for some flames coming my way :-)

Comment by raj patel on May 29, 2011 at 6:59am

Santosh,

I take your comment in my stride and accept the opinion that the forum of discussion should be balanced. At all times I respect criticism as long as it is founded on facts.The comment from a blogger who has a bone to pick should do it when he has implement all the elements of recommendation and has fail.My trading system that doc has kindly constructed  clearly states that stop loss and trade protection is part of his trading system. It clear the blogger has chosen to ignore this very important element and run his trades without any protection. Blam what has gone wrong but to knock the whole system as trash gets up my goat why because I use the system and profit from it.Fair doo's that bloggers should be give space to express them selfs but should also not loose the site of the facts Period!!!!!!!!!

Comment by Santosh Tiwari on May 29, 2011 at 7:43am

well , if you have said period so many exclamation than really there is not much to discuss , right ?

just one thing , being friends with a person and respecting him is fine but that does not mean that he should be defended no matter what. Doc has his own issues in communicating and that is a fact.

system is one thing , the way is expressed , explained and communicated is another. I have seen your system and to be fair to people your system is much extended from what doc explained.

 

If you read the comments carefully , they are as much directed at system as much as doc's way of expressing and communicating.

I need to stop before I end up starting another war altogether . My recommendation to everybody, lets leave it here . All the participants in the discussion including doc have already expressed their confidence in their ways and a reluctance to change so there is no further use but agree to disagree

Comment by Recuva Ball on May 29, 2011 at 11:01am

Dear Doc's lovers,  it is not immportant am I lose some trade or just dont have a planed win. Only thing that is immportant here is that Docs  forecasting DO NOT WORK! Every single day(two weeks in row), he talk about  BIG drop, every single day there was BIG RISE. Of course soner or later ther will be drop but that drop have nothing with his views and predictions. Like if someone everyday talk that it will be rain..of  course  one day it will be rain..but there is no predistion of that..just coincidence.  Raj, I can never lose as much as You loseing by paying all this  stop lose distancies when You follow Doc's  hocus pocus "system". As we can see from last friday only thing what is immportant on FX market is news about fundamentals and right timing to put them into our win trade. "net changes" are just RESULT of news. He adviceing people wrong, and all his appoligies can not wash out that fact! On the end. I think You are with FXCM! Thats talk a lot about Your knowlageless about industry. Period ;)

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