Daily Forex Net Trap Trades and discussion

This is a discussion on Daily Forex Net Trap Trades and discussion within the Forex Net Trap forums, part of the Specialists' Corner category; Evening All, I assume this is the private forum now so only for members? Will check security from the wifes ...

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Old Jul 20, 2010, 9:35pm   #1
 
mark120169's Avatar
Joined Apr 2010
Daily Forex Net Trap Trades and discussion

Evening All, I assume this is the private forum now so only for members? Will check security from the wifes laptop.

Anyway put a sensible title for the first thread but it can be changed if we want a vote on it.

SA trader and me are Admin.

Happy trapping nutters

M
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Old Jul 20, 2010, 10:12pm   #2
Joined Feb 2009
Re: Daily Forex Net Trap Trades and discussion

It's finally here
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Old Jul 20, 2010, 10:22pm   #3
 
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Re: Daily Forex Net Trap Trades and discussion

mark120169 started this thread
Quote:
Originally Posted by mdc670 View Post
It's finally here
And relax........MA is 40...........40 i say ha ha ha ha ha................40!!!!!!

Try and get NT to work on the MA50 or MA60 ..........it don't work. Yeah no more sending PM's every week to folks who keep posting the MA on the old forum asking them to edit their post for the good of the team.



Thanks. Got that off me chest. i'm relaxed now.

M
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Old Jul 20, 2010, 10:56pm   #4
 
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Re: Daily Forex Net Trap Trades and discussion

Evening All. 6 and 1/2 hours till I can blow some more money, Can't wait.

Hello mdc60, have you been lurking on the other thread then?
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Old Jul 20, 2010, 11:02pm   #5
Joined May 2010
Re: Daily Forex Net Trap Trades and discussion

Glad this forum is finally here and thanks to Graeme for setting it up .
Hoping to provoke some discussion of certain 'weaknesses' in the Net Trap system
and to discuss ideas folks might have to overcome them.
Paul (Trader 333) raised an issue a day or two ago ,its been bothering me for a while,
and that is that NT takes no account of volatility ,and as many of us have found in recent weeks,at the time of day NT trades volatility can rise like a tsunami from a mill pond and often to our cost.
I believe Paul to be a member of this forum and would like to ask ,as possibly the most experienced amongst us ,if you were to re-write the manual would you alter the system somehow to try an take account of volatility ?
Must admit I find it difficult to think how this might be achieved ,maybe some modification of the entry and or SL
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Old Jul 20, 2010, 11:32pm   #6
 
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Re: Daily Forex Net Trap Trades and discussion

Quote:
Originally Posted by Claviceps View Post
Glad this forum is finally here and thanks to Graeme for setting it up .
Hoping to provoke some discussion of certain 'weaknesses' in the Net Trap system
and to discuss ideas folks might have to overcome them.
Paul (Trader 333) raised an issue a day or two ago ,its been bothering me for a while,
and that is that NT takes no account of volatility ,and as many of us have found in recent weeks,at the time of day NT trades volatility can rise like a tsunami from a mill pond and often to our cost.
I believe Paul to be a member of this forum and would like to ask ,as possibly the most experienced amongst us ,if you were to re-write the manual would you alter the system somehow to try an take account of volatility ?
Must admit I find it difficult to think how this might be achieved ,maybe some modification of the entry and or SL
I suspect RH knew all this when designing the system - the touble is it's marketed as a very simple system, so explaining modified entries, SL's etc would add complexity. There's loads of indicators weve been discussing recently, stochastics, Psars, Fibbs, in addition to the variants. None of which is in the manual.
If a system can still make money without the complexity, it's eminently more maretable than one that is complex.
All the variants ave come about due to the drop in perceived profit levels from how the system performed at it's start. My worry is that NT becomes obsolete, or ineffective, as time goes on, how long do we follow it before giving it up as a bad do?
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Old Jul 21, 2010, 6:22am   #7
Joined Apr 2008
Re: Daily Forex Net Trap Trades and discussion

Hello.
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Old Jul 21, 2010, 6:26am   #8
Joined Feb 2009
Re: Daily Forex Net Trap Trades and discussion

Hi Peter
Yes I have been lurking for pages and pages. Been on VNT for for 11 weeks - with small +ve result. I would like to think the system is good but frustating to say the least.
The quantity of variants that you guys have come up with is really impressive. I think there is a truffle here some where - it just needs unearthing.
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