Comments on: 5. Perfect Entry http://www.freetradingsystems.org Design your own profitable trading system. Mon, 02 Jan 2012 11:45:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: David Jenyns http://www.freetradingsystems.org/5-perfect-entry/comment-page-1/#comment-11134 David Jenyns Sun, 23 Oct 2011 03:15:52 +0000 http://www.freetradingsystems.org/blog/?page_id=31#comment-11134 Hey Ken, To be clear... you must design your own trading system and "own it" - that's not to say that you can't model your system on someone else's - you just need to make enough changes that you can say its success or failure is your responsibility. @Fred - with all trading systems take their marketing with a grain of salt... I may not agree with the way they are marketed but that doesn't mean that the methodology isn't sound. My personal system is based on a variation of the Darvas method. Stick with it guys... you're on the right track and the rewards are worth it. Your Trading Coach, Dave Hey Ken,

To be clear… you must design your own trading system and “own it” – that’s not to say that you can’t model your system on someone else’s – you just need to make enough changes that you can say its success or failure is your responsibility.

@Fred – with all trading systems take their marketing with a grain of salt… I may not agree with the way they are marketed but that doesn’t mean that the methodology isn’t sound. My personal system is based on a variation of the Darvas method.

Stick with it guys… you’re on the right track and the rewards are worth it.

Your Trading Coach,
Dave

]]> By: Ken http://www.freetradingsystems.org/5-perfect-entry/comment-page-1/#comment-10978 Ken Wed, 19 Oct 2011 19:04:36 +0000 http://www.freetradingsystems.org/blog/?page_id=31#comment-10978 Hi, I'm a little confused. Earlier you say that good traders come up with their own systems to fit their personality so that they "own" it. This makes sense to me. But now you say to apply a redy made entry system. Which is it? Are you saying to borrow someone else's system that fits the style that I'm most confortable with? Thanks for this site. It is very interesting. Hi, I’m a little confused. Earlier you say that good traders come up with their own systems to fit their personality so that they “own” it. This makes sense to me. But now you say to apply a redy made entry system. Which is it? Are you saying to borrow someone else’s system that fits the style that I’m most confortable with?

Thanks for this site. It is very interesting.

]]> By: Fred http://www.freetradingsystems.org/5-perfect-entry/comment-page-1/#comment-7186 Fred Mon, 02 May 2011 04:47:33 +0000 http://www.freetradingsystems.org/blog/?page_id=31#comment-7186 I've enjoyed most of what I've read on this website. It is certainly true that entries must go with the trend....which is what the Darvas System did. However, I am disappointed to see you promoting someone's idea of getting rich off Darvas. If people want to know HOW Darvas made money, they can simply buy his book on Amazon. And if they look carefully at the trades, they will realize that he was operating his system in the right place at the right time. Have you checked in with him lately? Has Darvas himself been able to duplicate that degree of success since writing the book? I think not. The ad for the Darvas "Piggyback" book makes it sound as if there IS a Holy Grail and you said it yourself......there isn't. I’ve enjoyed most of what I’ve read on this website. It is certainly true that entries must go with the trend….which is what the Darvas System did. However, I am disappointed to see you promoting someone’s idea of getting rich off Darvas. If people want to know HOW Darvas made money, they can simply buy his book on Amazon. And if they look carefully at the trades, they will realize that he was operating his system in the right place at the right time. Have you checked in with him lately? Has Darvas himself been able to duplicate that degree of success since writing the book? I think not. The ad for the Darvas “Piggyback” book makes it sound as if there IS a Holy Grail and you said it yourself……there isn’t.

]]> By: David Jenyns http://www.freetradingsystems.org/5-perfect-entry/comment-page-1/#comment-5598 David Jenyns Sat, 12 Feb 2011 03:05:47 +0000 http://www.freetradingsystems.org/blog/?page_id=31#comment-5598 Hi James, Thanks for checking in :) Unfortunately there aren't any really "simple" back testing products/services I know of... all of them require a bit to fully and confidently test. We use TradeSim (which is a plugin for MetaStock) and I've also heard good things about WealthLab. Sorry not too sure if that's what you were hoping to hear. If I can help further let me know. Your Trading Coach, David Jenyns Hi James,

Thanks for checking in :)

Unfortunately there aren’t any really “simple” back testing products/services I know of… all of them require a bit to fully and confidently test. We use TradeSim (which is a plugin for MetaStock) and I’ve also heard good things about WealthLab.

Sorry not too sure if that’s what you were hoping to hear. If I can help further let me know.

Your Trading Coach,
David Jenyns

]]> By: James http://www.freetradingsystems.org/5-perfect-entry/comment-page-1/#comment-5430 James Thu, 03 Feb 2011 12:36:02 +0000 http://www.freetradingsystems.org/blog/?page_id=31#comment-5430 Hello David, I have been trading on the CMC marketmaker platform for over 10 years and have recently developed an exciting, yet extremely simple, system on the AUDUSD & GBPUSD 1 hour chart - over the past 3 months of data (thats as far back as it goes). The system seems almost too good to be true and I wanted to backtest further to cover a greater range of market conditions. I have done all testing and optimisation manually and it is VERY time consuming to say the least. Do you have any advice as to what products or services that may be available for me to backtest further back. I am not looking for anything complex, rather a more simpler way to backtest automatically my simple system on the AUDUSD & GBPUSD. Cheers & God Bless you! James Hello David,

I have been trading on the CMC marketmaker platform for over 10 years and have recently developed an exciting, yet extremely simple, system on the AUDUSD & GBPUSD 1 hour chart – over the past 3 months of data (thats as far back as it goes). The system seems almost too good to be true and I wanted to backtest further to cover a greater range of market conditions. I have done all testing and optimisation manually and it is VERY time consuming to say the least. Do you have any advice as to what products or services that may be available for me to backtest further back. I am not looking for anything complex, rather a more simpler way to backtest automatically my simple system on the AUDUSD & GBPUSD.

Cheers & God Bless you!

James

]]> By: David Jenyns http://www.freetradingsystems.org/5-perfect-entry/comment-page-1/#comment-4969 David Jenyns Wed, 22 Dec 2010 20:52:58 +0000 http://www.freetradingsystems.org/blog/?page_id=31#comment-4969 Hi Emerson, Thanks for your post. In answer to your questions, yes I do recommend other authors that can help you in your system development phase. That said, you replace those components with course material you might already have (if you've purchased some courses in the past). The key is to just have something in place for each area. As for my courses. The Ultimate Trading Systems (for $7) is just the same course you're reading online @ www.freetradingsystems.org... the only difference is you pay $7 so you have a downloadable/printable copy. And then there's Trading Secrets Revealed, that course is focused on the most important component in any trading system - Money Management. If you haven't yet got that sorted in your trading system it's definitely worth getting. Anyway hope that helps, sounds like you're on the right track, stick with it, the rewards are worth it. Your Trading Coach, David Jenyns Hi Emerson,

Thanks for your post. In answer to your questions, yes I do recommend other authors that can help you in your system development phase. That said, you replace those components with course material you might already have (if you’ve purchased some courses in the past). The key is to just have something in place for each area.

As for my courses. The Ultimate Trading Systems (for $7) is just the same course you’re reading online @ http://www.freetradingsystems.org... the only difference is you pay $7 so you have a downloadable/printable copy. And then there’s Trading Secrets Revealed, that course is focused on the most important component in any trading system – Money Management. If you haven’t yet got that sorted in your trading system it’s definitely worth getting.

Anyway hope that helps, sounds like you’re on the right track, stick with it, the rewards are worth it.

Your Trading Coach,
David Jenyns

]]> By: Emerson http://www.freetradingsystems.org/5-perfect-entry/comment-page-1/#comment-4949 Emerson Mon, 20 Dec 2010 22:47:27 +0000 http://www.freetradingsystems.org/blog/?page_id=31#comment-4949 Hi David. I\'ve been looking at your videos and website and got really excited about it. Also looked at the links and it seems they divert me to other authors. Is it correct? Also I looked at your trading secrets revealed for $97 and your ultimate trading systems for $7. Are they two different things or purchasing one pretty much I would have the same concepts of the other and why the difference in price? Which one you recommend the best? I\'d like to trade forex. For some reason I just prefer it rather than stocks or other instrument. Regards, Emerson Hi David.
I\’ve been looking at your videos and website and got really excited about it. Also looked at the links and it seems they divert me to other authors. Is it correct? Also I looked at your trading secrets revealed for $97 and your ultimate trading systems for $7. Are they two different things or purchasing one pretty much I would have the same concepts of the other and why the difference in price? Which one you recommend the best? I\’d like to trade forex. For some reason I just prefer it rather than stocks or other instrument.

Regards,
Emerson

]]> By: David Jenyns http://www.freetradingsystems.org/5-perfect-entry/comment-page-1/#comment-4850 David Jenyns Fri, 03 Dec 2010 22:11:49 +0000 http://www.freetradingsystems.org/blog/?page_id=31#comment-4850 Hi Dumile, Thanks for your email and great to hear you're geting started - that's the biggest hurdle to overcome! As a general rule I think it's best to complete each action step before moving on. It's all too easy to say "yeah yeah... I'll come back to it" and never do! (I know I'm guilty of this sometimes). Take action now and reap the rewards. Your Trading Coach, David Jenyns Hi Dumile,

Thanks for your email and great to hear you’re geting started – that’s the biggest hurdle to overcome! As a general rule I think it’s best to complete each action step before moving on. It’s all too easy to say “yeah yeah… I’ll come back to it” and never do! (I know I’m guilty of this sometimes).

Take action now and reap the rewards.

Your Trading Coach,
David Jenyns

]]> By: Dumile Ndlovu http://www.freetradingsystems.org/5-perfect-entry/comment-page-1/#comment-4794 Dumile Ndlovu Tue, 30 Nov 2010 12:07:45 +0000 http://www.freetradingsystems.org/blog/?page_id=31#comment-4794 Hi David So iv been going through this course and gotta say its really exciting. Im a green novice wanna-be-trader. So now that iv reached this chapter iv decided to go and purchase a ready-made entry system for stocks. Do i stop your course on this chapter and go through all the training material that we get from Jim first before i continue with your next chapter? Many thanks Dumi Hi David

So iv been going through this course and gotta say its really exciting. Im a green novice wanna-be-trader. So now that iv reached this chapter iv decided to go and purchase a ready-made entry system for stocks.

Do i stop your course on this chapter and go through all the training material that we get from Jim first before i continue with your next chapter?

Many thanks
Dumi

]]> By: David Jenyns http://www.freetradingsystems.org/5-perfect-entry/comment-page-1/#comment-4618 David Jenyns Thu, 18 Nov 2010 01:44:22 +0000 http://www.freetradingsystems.org/blog/?page_id=31#comment-4618 Ni Nhlanhla, Thanks for your message and kind words. With regards to binary options... there's really are hundreds of ways to be profitable in the market. I know we don't really address them on this site, that doesn't mean they're not a viable option. Simply it's important to focus and as such we couldn't list ever possible market in our guide. As for my opinion, I personally haven't traded them so I'm not really in a position to comment. I'll find out more and report back. Thanks again. Your Trading Coach, David Jenyns Ni Nhlanhla,

Thanks for your message and kind words.

With regards to binary options… there’s really are hundreds of ways to be profitable in the market. I know we don’t really address them on this site, that doesn’t mean they’re not a viable option. Simply it’s important to focus and as such we couldn’t list ever possible market in our guide.

As for my opinion, I personally haven’t traded them so I’m not really in a position to comment. I’ll find out more and report back. Thanks again.

Your Trading Coach,

David Jenyns

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