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trader101 method based trades

  • Post #1
  • Quote
  • First Post: Oct 1, 2008 1:05pm Oct 1, 2008 1:05pm
  •  Kaligula
  • | Joined Oct 2007 | Status: short time trades | 322 Posts
I find trader101 method very nice, here I'll give it a go.
Every trade with one lot, no too much talking. mostly trading.
Starting balance 10 000 [USD or EUR - not sure ]

Please remember:#
1. I didn't mastered method yet, and maybe never will.
2. I don't follow exact trader101's instruction, but I use them as a base

-set of pairs the same
-different times of opening 0.1 lot trades


Feel free to ask and coment
First entry:
LONG
CADJPY @ 99.93
USDCHF @ 1.1224
  • Post #2
  • Quote
  • Oct 1, 2008 8:13pm Oct 1, 2008 8:13pm
  •  Kaligula
  • | Joined Oct 2007 | Status: short time trades | 322 Posts
My positions are doing well so far, however I've opened another 0.1 trades around 10pm GMT. Tohose trades are in begining phase of coming into buy zone [top poition is sell yet] keep two buers that may become kind of leaders of all herd of pairs

HOWEVER I have old SHORT position on different account
AU, UJ, GCh, ChJ, GU
They all do very well over $2300 when I write it. Now I have set technical TP for all of them as I expect some turn back.
My conclusion is - this method is incredible [thanks againn T101], yet it needs a lot of care from trader, as it's far from mechanical system. This gives to it nice prognosis, that more users of method will not make it work worse and worse, as everyone need to trade it in his/her own way.
That's it!
 
 
  • Post #3
  • Quote
  • Oct 1, 2008 9:35pm Oct 1, 2008 9:35pm
  •  Kaligula
  • | Joined Oct 2007 | Status: short time trades | 322 Posts
It looks like full line for buyers, so I'm in with exeption of EU.
I DID NOT ENTER EU THAT ACTUALLY TRADE @ 1.3957
It looks to bearish to me BUT there is a chance for double bottom on daily. I need to wait. 30M chart have just break next lower low and doesn't seem to trade up.

EU - 1.3957

http://i34.tinypic.com/1givsh.jpg


On my secret account I have still open short GU, GCh, ChJ, EJ and UJ, however I have set TP for all of them. On that secret account I'm planing to trade only pairs that apart of T101 suggestions looks technically atractive to me, so I don't keep track of that trades officially.
 
 
  • Post #4
  • Quote
  • Oct 1, 2008 10:44pm Oct 1, 2008 10:44pm
  •  Kaligula
  • | Joined Oct 2007 | Status: short time trades | 322 Posts
That was stupid. It wasn't long waiting til deep plunge from around -400 of spreads to -3300 of loses. I was too fast and too happy to go full long. Sells are again on top and I need to wait. EU didnt mooved at all. My secret trades are well. I'll wake up at 600am to have a quick look. It's just a demo, and as I expected. Its perfect method for general idea of what's going on, but after first impression, everyone for yourself!

But I need to admit that first time ever I feel I am a trader.
Thanks again Master Yoda.
 
 
  • Post #5
  • Quote
  • Oct 2, 2008 5:37am Oct 2, 2008 5:37am
  •  Kaligula
  • | Joined Oct 2007 | Status: short time trades | 322 Posts
Whoa!
That was quick!
around 6am GMT Iwoke up, opened charts and saw -2200. Maybe it will go higher in spite of seriously settled sells on top, buys on bottom. I've never blew up account that quickly!
I must admit that I had plan to close all at 6...
But I steel feel trader's blood in my veins, and it wasn't from donor...

My secret trades does pretty well, I've opened nearly full short (after visual examination of all pairs. in general I'm selling euro, buying USD and JPY). from old handfull there are still ChY and EJ left for $2400.

As my test account went uot I'll think, what to do. Open new one, or keep only the secret one.
 
 
  • Post #6
  • Quote
  • Oct 2, 2008 9:59am Oct 2, 2008 9:59am
  •  Kaligula
  • | Joined Oct 2007 | Status: short time trades | 322 Posts
thats a killing!
$5900 on my secret account!
10 shorts only one in minus!
From those I didn't pick; only EG gone down (I never trust EG).
Now i wish it was real...
 
 
  • Post #7
  • Quote
  • Oct 2, 2008 12:14pm Oct 2, 2008 12:14pm
  •  Kaligula
  • | Joined Oct 2007 | Status: short time trades | 322 Posts
I've closed all trades with 6000 profit, what makes 18000 on my demo account.



nt
 
 
  • Post #8
  • Quote
  • Oct 2, 2008 8:24pm Oct 2, 2008 8:24pm
  •  Kaligula
  • | Joined Oct 2007 | Status: short time trades | 322 Posts
situation almost totally bearish. All trades closed, and now I decided to open those three trades that I've kept closed all the time. When I was shorting they were three lonely longs and now I feel it's time for them to go short.
This happen on my secret account.
short
GCh
UCa
UCh
Will come back morning.
 
 
  • Post #9
  • Quote
  • Oct 3, 2008 12:01pm Oct 3, 2008 12:01pm
  •  Kaligula
  • | Joined Oct 2007 | Status: short time trades | 322 Posts
My secret account goes well,
Ivwe closed three trades around midday GMT with less than 500 profit, what increased my net worth to $18 500 on my secret account
Any users read it or maybe even saw T101 method?

See you monday!
 
 
  • Post #10
  • Quote
  • Oct 6, 2008 5:27pm Oct 6, 2008 5:27pm
  •  Kaligula
  • | Joined Oct 2007 | Status: short time trades | 322 Posts
g trade had it's apogeum at over $10 000 profit [nine trades opened only one below zero] now It was around 6000 I've closed nearly half of each trade rest has it's SL set on BE some with TP as well.
Demo account balance is 21 361, and current opened trades [with those indicating] 3600.

Like this method
 
 
  • Post #11
  • Quote
  • Nov 8, 2008 3:47am Nov 8, 2008 3:47am
  •  RedPadisha
  • | Joined Oct 2008 | Status: Quant | 108 Posts
Hey man, what happend since your last post
 
 
  • Post #12
  • Quote
  • Nov 9, 2008 3:00am Nov 9, 2008 3:00am
  •  navin44
  • | Commercial Member | Joined Aug 2007 | 58 Posts
Quoting Kaligula
Disliked
g trade had it's apogeum at over $10 000 profit [nine trades opened only one below zero] now It was around 6000 I've closed nearly half of each trade rest has it's SL set on BE some with TP as well.
Demo account balance is 21 361, and current opened trades [with those indicating] 3600.

Like this method
Ignored
What is different from your style to what trader101 uses?
 
 
  • Post #13
  • Quote
  • Last Post: Mar 11, 2010 1:04am Mar 11, 2010 1:04am
  •  Tri Nt
  • | Joined Dec 2007 | Status: Member | 8 Posts
Quoting Kaligula
Disliked
My secret account goes well,
Ivwe closed three trades around midday GMT with less than 500 profit, what increased my net worth to $18 500 on my secret account
Any users read it or maybe even saw T101 method?

See you monday!
Ignored
can u share your investor password.
so we can your trading style.
thanks
 
 
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