Joined Oct 2006
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Status: Infinite Possibilities
|541 Posts
Excellent thread Trader101, I'll be following your trades and see how they fit into my trading style. Hopefully I can learn something from it to maker me a better trader :-)
Also wanted to mention to Mills, You can also click on Trader101, or whoever, and then click on "find all threads started by" and you'll see the thread you're looking for. Thats what I do anyways, when looking for, well, other threads, started by same person... helps give me insight on what they are saying on other threads as well.
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Joined Nov 2007
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Status: Student of the Markets
|413 Posts
well, i lost more than i should have last night and have had enough of my broker.. i am closing the account and trading these signals on demo until i get my new account set up. big spreads + slippage = disaster on what should not have been that bad of a night. i am still up overall on this broker, so i can take some heart in that.. i realized the other night that my gains were less than they should have been based on how trader had done and should have realized the impact that it would have on a down night...
anyway, keep up the good work, Trader. im hoping i will have my new account funded by monday the 3rd of December.
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Joined Nov 2007
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Status: Student of the Markets
|413 Posts
also... i hope that people will start respecting that the other thread is for signals so we can keep an efficient means of those of us who are trading along with trader101 to get our signals.
i PM'd the 2 people on there and asked they remove the posts.. the more people see other posts, the more likely they will join in..
I am still struggling to adjust my account to be able to have the signals be of benefit to me. I have found this week that the trades are stopped or reversed a lot when I'm not at my computer, and thus lose quite heavily.
As an alternative, I am trying to come up with a plan. I'll trade while I'm at the computer, and when I have to leave for more than 10 minutes, I'll either close all trades, and start them up again when I return, or put in a set stoploss - maybe between 15-25 pips depending on which pair I'm trading.
That way I hope to maximize my profits and keep losses as low as possible.
I am still struggling to adjust my account to be able to have the signals be of benefit to me. I have found this week that the trades are stopped or reversed a lot when I'm not at my computer, and thus lose quite heavily.
As an alternative, I am trying to come up with a plan. I'll trade while I'm at the computer, and when I have to leave for more than 10 minutes, I'll either close all trades, and start them up again when I return, or put in a set stoploss - maybe between 15-25 pips depending on which pair I'm trading.
That way I hope to maximize my profits and keep losses as low as possible.
I'll test that next week.
Ignored
Im sorry for you..Hansel.
Anyways PM me, i have to give you a program if you have an Metatrader Broker. This program you can adjust your TP without physically putting them on the server platform... say you want to close all trades if you reach $5,000 profits. you can set it according to your trading lots. Also it will close your trades if you reach a certain amount of losses, again it is control by this EA and not physically inputted in the server platform. This way Dealing Desk dont see you SL. Perhaps this will help you when you are away from your computer. By the way, in a normal day how long away are you from your computer? Perhaps i could adjust something for you. I want you all to succeed in this forex business.
Thanks
well, i lost more than i should have last night and have had enough of my broker.. i am closing the account and trading these signals on demo until i get my new account set up. big spreads + slippage = disaster on what should not have been that bad of a night. i am still up overall on this broker, so i can take some heart in that.. i realized the other night that my gains were less than they should have been based on how trader had done and should have realized the impact that it would have on a down night...
anyway, keep up the good work, Trader. im hoping i will have my new account funded by monday the 3rd of December.
Ignored
Thanks Nate,
For believing in this little system. Also thanks for PM to those two dudes that forget to look at the opening statement in the Signals for Simplicity thread.
I hope that you can really select the best broker that is fair and impartial to its trader. For recommendation--- Oanda, FXSol, InterbankFX, NorthFinance, Alpari. Recommedee not in the order of Good to Bad. the last 3 are Metatrader Broker where you can automate your trade using the Expert Advisor to do the trading for you. You can also create a custom indicator or used their already provided indicators which is a very useful tool in trading.
Thanks
Excellent thread Trader101, I'll be following your trades and see how they fit into my trading style. Hopefully I can learn something from it to maker me a better trader :-)
Also wanted to mention to Mills, You can also click on Trader101, or whoever, and then click on "find all threads started by" and you'll see the thread you're looking for. Thats what I do anyways, when looking for, well, other threads, started by same person... helps give me insight on what they are saying on other threads as well.
Success!
Ignored
No problem.. bro
It is an honor to have you following my trades.
T101
This week in summary:
We have set the target to be between 1000-2000 pips. We started the week with a loss of around -463 pips because of my little adventure of inserting a new indicator recommneded by a friend to work well in my system. Unfortunately it was a disaster. The next i scramble to removed the questionable indicator while trying to prepare for another trade. The next trade it was almost a disaster again because of CAD economic report which to my little knowledge maybe manipulated. Look at the results of CAD report for this week. Did you notice something??? A lot of negatives, infact all negatives. What is the point some people want the CAD$ to fall and beack to its original value. But we were able to turn it around and make a small profit and reducting the pip deficit. The 3rd trade was a smash hit. I was able to hit the record high 1126 pips but settled for 1026 pips in the close. Well after that trade we have been trading small lots and reluctant tading due to non-volatility of Thu and Fri. Made some, loss some. At the end of the week we settle for 1,185 pips for the week, which is 233% more that last week tally of 508 Pips. That was our week.
For next week, speculated to a nice week since entering the Holiday season plus all the excited to trade again after almost 3 days of little or no trading at all.. SO i would set our target to be 1,500 pips. Looking at the chart a bunch of already trending pairs whihc can deliver no less than 200 pips each. Also looking at the Economic calendar, we have some good reports coming starting at Sunday. Promising some great moves. I am crossing my finger that we may deliver the goal.
See You Sunday afternoon
Trader101
You are welcome..George..
Also i like to thank you and imbiber for your suggestions. If you both says that it will not be good then i will concur with you guys, you know more than me in that department. Our firm is not that big kind of firm that we tend to categorize every New York firm. We are an engineering firm of about 100 personnel including those in the field. Our IT department is the most unwatch and underrated dept. It is run by a third party-parttimer who most of the time control the computer by remote access. I dislike this fellow for being so rude and his disrespect of others. The upper management has no say on this matter. I think this IT manager runs a scanner every now and then and then remove those illegally installed software. I am the only one that has access to download and install software but no access to uninstall. I dont know why. Because being a proj manager, i also control the CAD department. I doubt that they are going to fire me for that, i have the most ongoing projects amounting to 360 million and it is not easy to find a senior guy to handle such project magnitude.
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Joined Nov 2007
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Status: Student of the Markets
|413 Posts
Looking forward to another great week of trading. Thanks for your continued help Trader. I now have a sound money management plan to use going forward. Should help me get better sleep at night (between trades).
Hello Folks,
This week we set our target to about 1,500 pips.
The first 7 trade signals is already out. Please bear in mind that this is what i called a scalping Sunday. The Cummulative total target for these trades is only 500 pips. When we reach it we will close all 7 trades. We could also close it anytime around 400 but if we notice that it is still climbing then we leave it till it reaches 500 then watch closely if it still going let it run at 600, when it reaches this point... your call you may close or continue.
Trader101
I just lost my connection to my broker.. Very annoying when this happend especially in the beginning of the trade becasuse you want to see it take off. And its like driving blind in a dark rainy night.
