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  • #201
  • Jun 1, 2010 6:12pm Jun 1, 2010 6:12pm
Hi Bleek,

I only recently found this thread and spent the last weekend trying to recreate your trades, an interesting exercise.

I think I have found some of your rules but I have a looong way to go. A pdf of your rules would make life much easier and would be appreciated.

The fact that work is required to recognise the trades means that it won't be popular with the indicator followers but price/volume people will get a lot of benefit so look forward to your PDF

Thanks
Money grows on the tree of persistence
  • #202
  • Jun 2, 2010 10:44am Jun 2, 2010 10:44am
I've cracked your system, its the same one Larry Rhinehart uses in search for the dice man isn't it?

but seriously, I'm looking forward to your pdf, you seem to have cracked it.
  • #203
  • Jun 5, 2010 6:23pm Jun 5, 2010 6:23pm
hows are things coming?
  • #204
  • Jun 9, 2010 6:47am Jun 9, 2010 6:47am
KISS

My 'method' is currently keeping me at two trades a day against Cable. My risk is half my reward, so if the odds go for or against me how does that stack up?

Using just 1 full size lot, this is how:

Accuracy (win ratio) 35%
month = $300
Year = $3600

Accuracy 50%
month = $3,000
year = $36,000

Accuracy 70%
month = $6750
year = $81,000

So the reality is I can be just a third 'right' and still come out in profit.

I trade much more than just 1 lot too.

This is just an example: If you really wanted to keep things simple you could trade the high and low of the previous day or session using this method, 2:1 risk to reward, don't get greedy and by being just 50% right you're up. You don't even need to think, the market gives you the numbers to work from you merely click a button or so and forget.

Why do people try and make these things overly complex when simplicity is staring you right in the face?
"I made all my money by selling too soon"
  • #205
  • Jun 9, 2010 11:26am Jun 9, 2010 11:26am
Quoting Bleek
KISS

My 'method' is currently keeping me at two trades a day against Cable. My risk is half my reward, so if the odds go for or against me how does that stack up?

....
This sounds solid..
Are you suggesting to trade the break of previous day/session high/low, not he bounce, aren't you?


Thanks, Clode
  • #206
  • Jun 9, 2010 12:30pm Jun 9, 2010 12:30pm
Quoting Clode
This sounds solid..
Are you suggesting to trade the break of previous day/session high/low, not he bounce, aren't you?


Thanks, Clode
I don't think the example was actually a suggestion of how to trade.
  • #207
  • Jun 10, 2010 2:32am Jun 10, 2010 2:32am
It wasn't a concrete example, I've never tried it, but you never know...

But you could apply my tight technique of odds in favour to strong support/resistance levels, pivots points, fibs, MA crossovers etc. The longer you're in, the bigger your risk, that's why I like momentum and trade busy periods - get out and remain ahead.

I'm just trying to get people to see that things can be kept simple and still make profit, just don't stray from your method otherwise things begin to go wrong.

In fact I see a lot of systems and ideas on this forum that I know will work in the long run but so many people get bored of them or suffer a losing streak so scrap the idea and move on the to next, it's ridiculous not allowing a 'system' to mature.
"I made all my money by selling too soon"
  • #208
  • Jun 11, 2010 9:52am Jun 11, 2010 9:52am
Quoting Bleek
It wasn't a concrete example, I've never tried it, but you never know...

But you could apply my tight technique of odds in favour to strong support/resistance levels, pivots points, fibs, MA crossovers etc. The longer you're in, the bigger your risk, that's why I like momentum and trade busy periods - get out and remain ahead.

I'm just trying to get people to see that things can be kept simple and still make profit, just don't stray from your method otherwise things begin to go wrong.

In fact I see a lot of systems and ideas on...
Thanks!

How's the PDF coming along? Any news?

Kind regards,
  • #209
  • Jun 14, 2010 11:49am Jun 14, 2010 11:49am
Quoting 4Xfactor
Thanks!

How's the PDF coming along? Any news?

Kind regards,
Hi,

I've been stalking you! BOO Only joking of course ...

I see in another thread that you mention GFT and access to their order flow information .... does this form part of your system?

Regards,
  • #210
  • Jun 14, 2010 3:03pm Jun 14, 2010 3:03pm
Quoting Bleek
It wasn't a concrete example, I've never tried it, but you never know...

But you could apply my tight technique of odds in favour to strong support/resistance levels, pivots points, fibs, MA crossovers etc. The longer you're in, the bigger your risk, that's why I like momentum and trade busy periods - get out and remain ahead.

I'm just trying to get people to see that things can be kept simple and still make profit, just don't stray from your method otherwise things begin to go wrong.

In fact I see a lot of systems and ideas on...
Inserted Video
  • #211
  • Jun 19, 2010 1:29pm Jun 19, 2010 1:29pm
bump for pdf?
  • #212
  • Jun 20, 2010 10:07am Jun 20, 2010 10:07am
I think everyone should maybe back off about the PDF, I'm sure that Bleek isn't going to say "oh thats right! i forgot about this pdf, i'll post it asap!" because of a post you make reminding him of it.

He will post it when he posts it, if he ever posts it. He has already stated that his method of trading is by his discretion of what his mind makes of the markets, which probably means the pdf will not contain any hard or fast rules, which is probably what most of you are looking for, so chances are you are probably going to be disappointed by the PDF if he ever does release one.

I apologize if I am speaking out of turn here Bleek, I just felt like i should say something as I feel it is on the borderline of being disrespectful.

I hope I haven't offended anyone, I am simply trying to prevent the Author of this thread from becoming offended.
  • #213
  • Jun 20, 2010 4:40pm Jun 20, 2010 4:40pm
heh maybe your right, sorry if i was pushing it. admittedly im always interested in reading great traders works and as i have followed this thread bleek has certainly so far shined the great trader light. i dont want to see a system, most of the stuff i like to read seems to go the opposite direction of the mechanical system idea.

bleek you do good work, pdf or not "kodos"
  • #214
  • Jun 20, 2010 5:00pm Jun 20, 2010 5:00pm
Bleek are you making some pittbulls here who fight to have your strategy


  • #215
  • Jun 20, 2010 10:12pm Jun 20, 2010 10:12pm
>_< i am no ones pawn thank you.
  • #216
  • Jun 22, 2010 4:08pm Jun 22, 2010 4:08pm
Quoting 4Xfactor
Hi,

I've been stalking you! BOO Only joking of course ...

I see in another thread that you mention GFT and access to their order flow information .... does this form part of your system?

Regards,
Inserted Video
  • #217
  • Jun 25, 2010 4:28am Jun 25, 2010 4:28am
Hi All,

I have been following this journal for quite a while now and I have to say it appears Bleek know his stuff and has appeared very successful within his trading. I have picked up a few very useful snippets of information from Bleek over the Journal and have began implementing them into my own strategies so thankyou very much for the tips.

Following Bleek posting he is looking to release a PDF explaining his theories on how the market works many members like myself and have been interested in reading it. I for one am not expected a set of hard rules as I know that is not how the markets works and it is very difficult to trade successfully for any given period of time.

However having been in the property business a fair few years now here in the UK, I have always found communication a vital part in being successful and creating good working relationship. I feel if Bleek was to post some sort of update there would be less need for members to continually post regarding the release of the PDF, if at all.....

Just my two pence worth....
  • #218
  • Jun 27, 2010 7:51am Jun 27, 2010 7:51am
i stunbled across your thread and have enjoyed your style,the uncanny thing for me was apart from the diceman thing is that a couple of years ago i traded the 5 minute chart and traded from the price .i would watch the bid ask price and find patterns of price and trade the patterns,i also had extremly high win ratio .my account was growing by the day for the 8 weeks orso that i traded that way.then i made a large trade on an interest announcment and blew my whole account in under an hour.and it has raised a good piont to me ,why havnt i traded that style since,

regards william
  • #219
  • Jul 20, 2010 6:50am Jul 20, 2010 6:50am
Hello bleek ,
I have seen over all things that you have written in this topic , I'm very impressed with it . I have spent a bit time to think very clearly about that , then now I found how should I trade , I known how to look market and trade with a very simple way that I have used before but lose because of breaking rules , greedy , bad emotions , and didn't trust in my chart .....ect , and maybe now it will generate more good trade because of hard experience . Maybe noone look chart like me too ...
Very thank you to you for opening good things for my mind.
Regards
Good Trading
Tuan
  • #220
  • Jul 22, 2010 10:28pm Jul 22, 2010 10:28pm
WHere da Diceman? Holidaying?
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