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Thread: Harmonic Grid Trading System - Volcano Setup

  1. #31
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    hahahaha... can't wait for people to realise that this wont work, just like most other grid trading systems. simply because sooner or later the market gives you a trade which just doesn't work and you end up losing big chunks of money and giving it back to the market

  2. #32
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    Well, my answer to that is that you don't seem to have a clue about proper money management, typically what we call in Holland: he has heard the church bell ring, but has no clue where the hammer is !!
    4EverMaAT and moneyadsblog like this.

  3. #33
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    Quote Originally Posted by FreddyFX View Post
    Well, my answer to that is that you don't seem to have a clue about proper money management, typically what we call in Holland: he has heard the church bell ring, but has no clue where the hammer is !!
    money management never helps you if your strategy is flawed.

    If trading was all about 'proper money management' then EA's would dominate the world.

  4. #34
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    Are you REALLY this ignorant that you DO NOT know that the Big Boys mostly trade with automation ??!!

    Some still believe the world is flat, lol !!

    I am NOT a Big Boy, but I trade automated, son, and doing VERY well with it ..

  5. #35
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    Quote Originally Posted by FreddyFX View Post
    Are you REALLY this ignorant that you DO NOT know that the Big Boys mostly trade with automation ??!!

    Some still believe the world is flat, lol !!

    I am NOT a Big Boy, but I trade automated, son, and doing VERY well with it ..
    'Big boys' do trade with automation. My point is that money management is nothing without a decent strategy.

    Anyway, Not interested in getting into flame wars with you FreddyFX. If your happy with the strategy then go nuts. Good luck on your trading!

  6. #36
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    Luck has NOTHING to do with trading.
    One knows what he is doing, or one becomes one of the millions of SHEEP that brokers prey on.

  7. #37
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    I think I want to agree with both of you:
    - Volcano concept is very interesting and powerful. Smart Money management strategies can do miracles.
    but...
    - it requires a bit more to use it safely, standalone Volcano may have entries situations that would very negatively impact account size.

    That is why ziemo presented the Volcano concept as combination together with harmonic trading. I find the Grid + HT is very good merge.

  8. #38
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    Quote Originally Posted by kor4x View Post
    I think I want to agree with both of you:
    .......
    That is why ziemo presented the Volcano concept as combination together with harmonic trading. I find the Grid + HT is very good merge.
    When you adapt your strategies to manage risk, instead of running from it, you will find profits are something that are not difficult to obtain.
    kor4x likes this.

  9. #39
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    Hi all,
    A basic concept troubles me with Volcano. It's the assumption that Harmonic patterns may fail or win in a similar proportion as the system intends to generate the same incomes regardless the direction. IMHO this is a wrong concept.
    We all trade H.P. because we believe that the RR >= 70% so why not just trust the patterns and make profit of it ?
    At first glance I will turn the model differently. Assume we are bullish, all pendings should be long (below and above) . If it goes against us after n steps we just close everything and start again. Even more than that, if it goes against, I will increase the lot. Honestly, I have no so many H.P. that really fail. Most of the time my problem is the PRZ precision hence this method.

  10. #40
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    where do i get this grid indicator please let me know!

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