HAMA PAD - A Simple Trading Approach - page 125
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As I have been saying before, Success in Trading is Beyond Systems and Indicators. The following article written by Malcolm Robinson may be of help to you ALL!
An email in response to my last article prompted me to consider the significance of taking responsibility in trading. There is a natural tendency for most people, in any area of life, to not take responsibility for results and behaviours that appear negative. We want to see ourselves in a good light and it is tempting to try to avoid responsibility for acts that we consider bad.
I have noticed for example, that liars (I mean here people who habitually lie) do not see themselves as liars. For every lie that they are conscious of, they have their justifications. In their mind the lie would have been to save someone else’s embarrassment or disappointment; something that allows the liar to feel that not only are they not acting deceitfully, but they are actually doing a good and kind act.
I remember once a teacher at my junior school crudely picking some bit of stuck food out of his teeth. After he had finished he justified himself by saying to us (8 year olds) that he only did it because he knew that we had no table manners. We weren’t judging him; he was judging himself and using us as his scapegoat.
We all lie to some degree and I don’t have a problem with that; what I do consider important is how we explain the lie to ourselves. When you lie are you honest with yourself about it, or do you make up a story to yourself so you don’t feel guilty? It is a difficult question to answer, but one that will say a lot about your trading.
The most important, the most difficult, and the first skill that a trader must learn is to cut their losses quickly. It is essential (as we all have read many, many times); we only lose significant money by holding onto losing positions. So why do so many (perhaps all) of us find it so difficult? What is it about cutting a loss that is so hard?
The answer, I believe, is in what we say to ourselves about what a loss means. It is the meaning we attach to a loss that determines whether we can accept it and let it go; or whether we refuse to accept it and in so doing hold on to it. What we resist persists.
If a loss means something bad about you; if it means you’re a loser, or a failure or just no good, or doomed to financial subsistence or whatever; then you won’t be willing to accept it. Take it to an extreme, if it was a life or death matter, if you were going to be beheaded if you have a losing trade; you would never, ever, accept the loss, you would hold on for ever and as soon as the position was 1 point in profit, you would grab it immediately! Isn’t that how many of us trade now? If so, ask yourself what does a losing trade mean about you?
If a loss means something negative about us we won’t want to accept it, this is human nature. We would rather hold on as long as we can and then, when we inevitably have to take the loss because it is now too big; too big to hide, too big to ignore, too big to refuse to accept; we look for our scapegoat. The ‘they’ of the market: the controllers, the insiders, the manipulators, or even the market itself; anything but to take the judgement that the loss implies.
The objective of our self-deceit is to avoid the judgement that the loss imposes. In the same way that the teacher condemned the school children in order to avoid the judgement about his manners, so do we look to shift the blame to some third party.
The problem here lies, not with our self-deceit, but with the meaning that we attach to having a loss. If a loss means something negative, of course we don’t want to accept it; but if a loss had no significance to us, accepting it would be easy.ENJOY!
fxcruiser
Hama 1
i been trying to get a hold of you but no luck. will PM you again requesting the Hama indicators and Templets ... Thanks
Here is the continuation of the trades posted here: https://www.mql5.com/en/forum/174941/page81
The AUD/JPY trade question: https://www.mql5.com/en/forum/174941/page82
A member response here: https://www.mql5.com/en/forum/174941/page82
fxcruiser's clarification response: https://www.mql5.com/en/forum/174941/page82
This chart tells you why and what happened next.
ENJOY!
fxcruiser
Like I said in the email and in my prior post, I will have a download link for you in a couple of days. We are automating the process for all the downloads without losing track of it. On the other hand, it is also telling me that you guys aren't reading the full thread or at least browsing through and stopping over to read the more important postings. This is a learning process and you will always be on test and many are failing it.
For the same reason, you will also understand what the HAMA PAD v1 (or call it H1 and it's official from me
) can and cannot do. H1 is more like a shell, an idea, a start up trend indicator. Unless, you are keen to systems, you may not want to spend too much time with it. Although, you can trade with it as stand alone, you really almost have to design your own method from it, much like what my adopted cousin, kuskus did in another thread, among others who broke away from this original thread. If you are not ready for H2, my suggestion is take a closer look at those other system threads.
If you have not fully comprehended H2, you will never be ready for the Z. So, let me recap what we have to offer you ALL.
1. H1, the HAMA PAD v1 original, is a FREE start up learning and a HAMA get acquainted trading approach. Give it a look for a couple weeks. Then, if you are not ready to jump into the H2 adventure, check out similar (copy or spin off) systems in the finest TSD forum. Test it, you may like it. Then, stay with it.
2. H2, the second generation HAMA based full blown system gives you a high probability setup and has built in NTZ protection, trend staying power, and close to dynamic support and resistance level, among others. This alone is very good pips generator, a profit making machine, with trades executed with care. H2 is only available for exclusive use of the H2 Level members in the HAMA Traders Lounge, a quarterly subscription fee based membership and a private association of like minded traders.
3. Z3, is our ultimate trading machine, my finale, and available only to invited members who have caught the vision, the few who survive the test of time. Z3 addresses and overcome many, if not all the issues, concerns, and the ultimate demise (failure) of many trading systems. I have been trading this concept for a while and it has evolved to what will be its final form. Precision, Consistency, Profitability! The couple of guys who work with me closely on this can attest to the power of the Z. I will post more on this at a later time.
The indicators used are ordinary and widely available. Why, then, is there a need for a fee based membership to use it? It's the "creative ideas from nothingnes", the tweaks, the twist, and the turns, that make it extra ordinary. Trading is a business and has its accompanying costs, whether in money or time, or both. Generally speaking, things of little or no value are taken lightly and abandoned, dispensed with quickly. I put value to my time, effort and ideas. Some of the concepts integrated into H2 and especially in Z3, in its new form, are high priced trading systems (and not as powerful as the Z3). It is not easy to trade successfully on a "shoestring", though not impossible.
Unfortunately, and as I have posted elsewhere in this forum on another thread, forex traders and TSD members are spoiled by Metatraders - MT4 - with its free charting and data feed. In addition, there are so many available trading indicators, systems, and EAs for FREE, proven and unproven, to forever test, with more popping out everyday. Regardless, the subscription fees are earmarked for my private educational and charitable projects in Costa Rica and the Philippines and the funds, less expenses, are deposited in a growth portfolio managed account which I personally managed. I do expect our H2 and Z3 traders, in early 2008, to give more to these projects and do so some on their own.
I hope this post clarifies at lot to you ALL
ENJOY!
fxcruiser
Previous lunch money, daytrading on H1 was posted here. On my all daytrading, I employ what I called "Pips/Profit Averaging", where what matters is the bottomline money. It does not take into consideration particular trades, winning or losing....just the bottomline profitabiility as a whole. Target profit and allowable risk tolerance stop loss are preset initially and adjusted accordingly. To some extent this may seems like an scalp-n-trend technique that Alex and I started back in the early H2 days. The difference is, here all trades are closed when set profit or loss is hit or retrace to the trailing stop, or carried through the end of the day, whichever comes first
The beauty of this is, I can leave these trades unattended and take my usual nap an hour after the start of the London session, if not earlier.
. I wake up in the morning to check and collect pips... KACHINGA! Here is a sample of what happened today (although I didn't get much sleep) with this technique. With Z3 or H2 setup, this technique hasn't had a losing day.
For now, it's PLAY TIME. Listen to this adrenalin pumping musical beat by Yanni.
ENJOY!
fxcruiser
I like KACHINGA
EJ
I still use H2 scalp-n-trend technique,I like KACHINGA! every day
, Waiting the Z3 setup 
Alex
Previous lunch money, daytrading on H1 was posted here. On my all daytrading, I employ what I called "Pips/Profit Averaging", where what matters is the bottomline money. It does not take into consideration particular trades, winning or losing....just the bottomline profitabiility as a whole. Target profit and allowable risk tolerance stop loss are preset initially and adjusted accordingly. To some extent this may seems like an scalp-n-trend technique that Alex and I started back in the early H2 days. The difference is, here all trades are closed when set profit or loss is hit or retrace to the trailing stop, or carried through the end of the day, whichever comes first
The beauty of this is, I can leave these trades unattended and take my usual nap an hour after the start of the London session, if not earlier.
. I wake up in the morning to check and collect pips... KACHINGA! Here is a sample of what happened today (although I didn't get much sleep) with this technique. With Z3 or H2 setup, this technique hasn't had a losing day.
For now, it's PLAY TIME. Listen to this adrenalin pumping musical beat by Yanni.
ENJOY!
fxcruiserAnd folks this is just on a MINI-account. Seeing these trades on standard account might cause some unwanted side effects like drooling, gawking, imagining and uncontrollable grinning.
For those of you that are willing to accept the side effects, move the decimal one place to the right and you have what a standard account.
Peace,
F.F.L.
HI everybody
does any one can help me ,how can i get the hama2 ???????
does any one can help me ,how can i get the hama2 ???????
Easy as 1-2-3: read the entire thread and you will get the answer.
Respect for its author who posted few hours ago the 'abc' for who wants understand this trading approach.
FerruFx
does any one can help me ,how can i get the hama2 ???????
Just a little part of the answer:
Before accessing the H2 trading approach, you will have to answer some questions related to this thread, like a quizz. The results based on mark (A,A+,A-,B,B+....etc). Access only for A and A+.
FerruFx
PS: not sure it's just kidding ......