DislikedDear Phillip,
I've listened your mp3 and I fully agree with what you said. This is your thread and your system, you set the rules and I fully respect your decision. I have the impression that your system has somehow become a closed model of development, where the development is possible exclusively within your philosophy of fixed rules dictated by your ideas and your experience (absolutely nothing wrong with this approach). My philosophy adopts an open source model of development, where my ideas and experience (I've traded stocks and future contracts for a good number of years) may be one of the initial factors of development but not the dominant factor. I'm interested in full public collaboration, a horizontal multidirectional approach to development in contrast to your vertical unidirectional approach. You and some other traders have done a great job with this system, especially in the early stages but I have the impression that your fixed rules will not allow you further significant development of this system. I may be wrong, it's just my opinion. I have to move on in the meantime with what I have learned from you and from many other traders since I've started trading back in 2000. I don't have time to manage a thread, but I'm considering a journal based on an open source model of development.
I wish you all the best for the 5 min and 4 hour system.
Yours sincerelyIgnored
If the traders on the thread wants the countertrend system then it means that the 5min trade with the trend as explained up to now has been matured and that the traders want an addition to be made and then you will have to take it further with explanation and rules(a system must have strict rules) and take care of it explaining and incorporating the additional system so that the two can become weapons to trade with.
I trade exactly the same method of the 5min and 4Hour on my stocks as well averaging 30% per year for the past 11years. As the decisionmaking of people under certain condition have not changed in 11years of trading I can still use the same strategy as 11years ago.
I really hope that people will learn from the 5min system and then move on to something bigger as the 5min was made available as a learning school to teach discipline and patience for the bigger field out there. If you cannot master this 5min system and become profitable with it you will not survive out there. This system is the primary school preparing you for the high school and hopefully lay the foundation for the univarsity of forex trading. I dont want people start teaching high school stuff here as this strategy is ment to be the start of an career. You will see later on what this 5min has really ment for you. If you have given it a chance to teached you.
Moving on means you have found something bigger(and I hope it was born out of the 5min system) and I wish you good trading pips in your pocket.