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Simplicity is the Key

The statement -- I am about to double my original balance . What a lucky day.
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Quoting trader101
The statement -- I am about to double my original balance . What a lucky day.
Great job Trader101!!!
Quoting pipruler
Great job Trader101!!!
Just getting lucky ..especially my Daily. I am going live with this on the next reverse trend. On the other hand.. the normal trading I have made 21 trades and netted a total of 1,027 Pips and we still have 2 days to go.
I just double my original account with these trades:
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Youve got to look at this. All trades are positive triple digits pips. This is my daily trading that also doubles my original account in just 2 days.
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Those are very impressive results, Trader. I'm only on mini-lots myself,until I can make more money. With calls like yours, even if I only get a few of them, I'll be doing OK.

By the way, are you trading with the same system you did last year? I think there were some bad weeks in November and December.
Trader 101

I have just gone thru your entire thread and I must say your are definitely in tune with your system. Are you still giving out daily calls...I would like to follow along to possibly the entry or is it the exit that is the key?

Either way outstanding job you are well on your way to trading for a living.
Quoting hansel
Those are very impressive results, Trader. I'm only on mini-lots myself,until I can make more money. With calls like yours, even if I only get a few of them, I'll be doing OK.

By the way, are you trading with the same system you did last year? I think there were some bad weeks in November and December.
Thanks, Bro...
Same system with modification and very aggresive. Yes i have some bad weeks really .. you are right. But we learned from it and avoid those pitfalls.
Quoting earret
Trader 101

I have just gone thru your entire thread and I must say your are definitely in tune with your system. Are you still giving out daily calls...I would like to follow along to possibly the entry or is it the exit that is the key?

Either way outstanding job you are well on your way to trading for a living.
Hello .. Wow. reading the whole thread, you are impressive.. Appreciate you for spending your time to it. I am hoping you learn something about it and may use in your trading journey. I am still on the daily trade, Look at below for my Current Daily Trades. It has generated profit of more than the original account balance.
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Below is my summary of trading for this week. The last 4 trades that i made was a disaster. It was stoploss of 100 that kills me. I have to leave for some errand that i have to implement the the SL of 100. That is one reason that I am not really a firm believer of StopLosses. Look at the currencies after hitting the stop losses a few hours later back on track (trend) up to this writing it is still trending to that direction. Well.. cant cry over spilt milk. I am NOT too sure about next week if Im here but if im here we are going to trade again. Have a nice week end yall.

SUMMARY FOR THE WEEK
Week 3-9-08
1) Sell EurJpy @ 157.26--Gained ----- +95
2) Sell AudJpy @ 95.05---Gained ----- +151
3) Sell EurChf @1.5707---Gained ----- +71
4) Sell NZDUSD @0.7944--Gained ----- +43
5) Sell AusUsd @ 0.9642--Gained ----- +62
6) Buy UsdCad @0.9939--Gained ------+34
7) Sell GbpUsd @2.0090---Loss ------ -28
8) Buy UsdChf @ 1.0212---Gained ---- +52
9) Buy GbpJpy @ 206.88 --Gained----- +74
10) Buy EurJpy @ 158.05--Gained----- +62
11) Buy AudJpy @95.36 ---Gained----- +86
12) Buy UsdJpy @103.17---Gained---- +21
13) Buy NzdUsd @0.8022-- Gained---- +22
14)Buy EurChf @1.5804 --- Gained---- +63
15) Sell UsdChf @ 1.0212 ---Gained--- +50
16) Sell UsdJpy @ 102.35 ---Gained--- +48
17) Sell UsdCad @0.9884 ---Loss ----- -16
18) Buy GbpUsd @2.0188---Gained---- +58
19) Buy EurUsd @1.5484----Gained--- +47
20) Buy AudUsd @0.9339----Gained--- +10
21) Buy NzdUsd @0.8072----Gained--- +22
22) Sell GbpJpy @ 203.92---- Loss ---- -90
23) Sell EurJpy @ 156.16---- Stop Loss -100
24) Sell EurChf @ 1.5731---- Loss ------ -35
25) Sell AudJpy @ 93.66 ----Stop Loss-- -100

Net Total for the Week========== +702 pips
UPDATES FOR Daily Trades (Long Term Trading-Started on 3/12/08)
=================================================
1)Sell EurChf @ 1.5846 --- +146
2)Sell UsdJpy @ 103.35 --- +333
3)Sell UsdChf @ 1.0327 --- +286
4)Sell AudJpy @ 96.02 --- +169
5)Sell GbpJpy @ 207.38--- +377
6)Sell UsdCad @ 0.9919--- -35
7)Buy GbpUsd @ 2.0069---- +284
8)Buy EurUsd @ 1.5344---- +294
9)Sell EurJpy @ 157.74----+129
10)Buy AudUsd @0.9451 --- -33
==========================
Unrealize P/L ===== +1,950 pips
==========================
I will keep this open until i get tired of trading..LOL..
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I feel the same about stop losses as you, but sometimes they are necessary just in case the price goes against you too much. I'd rather keep my losses as small as possible.

My philosophy has become to keep close stop losses, but if I'm sure it's a good trade and the price later starts going my way, to re-enter the trade at about the spot where I entered it the first time.
Quoting hansel
I feel the same about stop losses as you, but sometimes they are necessary just in case the price goes against you too much. I'd rather keep my losses as small as possible.

My philosophy has become to keep close stop losses, but if I'm sure it's a good trade and the price later starts going my way, to re-enter the trade at about the spot where I entered it the first time.
Thanks for that bit of advice, Hansel.
I know i have come across that system from one of the thread i read here. I think i would start implimenting that system. My philosophy is always that as long as you did not close you are still in the trade and always have the chance to come back, but if you close that means you are defeated already. This has always work for me but i know that i have to have a lot of drawdown sometimes like 2x the ADR.
End of the Week --UPDATE
(Long Term Trading-Started on 3/12/08)
===============================
1)Sell EurChf @ 1.5846 --- +195
2)Sell UsdJpy @ 103.35 --- +427
3)Sell UsdChf @ 1.0327 --- +340
4)Sell AudJpy @ 96.02 --- +284
5)Sell GbpJpy @ 207.38--- +733
6)Sell UsdCad @ 0.9919--- -45
7)Buy GbpUsd @ 2.0069---- +184
8)Buy EurUsd @ 1.5344---- +326
9)Sell EurJpy @ 157.74----+248
10)Buy AudUsd @0.9451 --- -71
==========================
Unrealize P/L ===== +2,621 pips
==========================
This is a very profittable trading system. I think from now on, i will start also trading the Daily Candles. I have made 187% increase in my account, trading for 3 days only and using my trending system that i use in my 4H TF trading.
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Very impressive, are you ready to share your strategy yet?
Yes I don't understand...why not share?
Quoting earret
Yes I don't understand...why not share?
I hope you will understand this: This system i am using now was the product of 3 years of hard work, a lot of financial losses a constant fight with my wife that almost end up in divorce. Now that it is profittable and you just come around expect me to share with you. When i started this thread , you are already a member of this forum and i never read any post from you during those times when i am struggling..Please remember that good system are never shared, what are shared are just OK systems.. thats what are free. My suggestions to you is to develop your system and not rely on someone else system, if you want to suceed. Giving a signal here for free is not enough for you??? Easily i could create a website and can charge between $300 to 400 a week for this signals but i choose to give it here for free. And now you want the whole thing..Wow..try again....
UPDATE
(Long Term Trading-Started on 3/12/08)
===============================
1)Sell EurChf @ 1.5846 --- +598
2)Sell UsdJpy @ 103.35 --- +705
3)Sell UsdChf @ 1.0327 --- +598
4)Sell AudJpy @ 96.02 --- +691
5)Sell GbpJpy @ 207.38--- +1,373
6)Sell UsdCad @ 0.9919--- -91
7)Buy GbpUsd @ 2.0069---- +47
8)Buy EurUsd @ 1.5344---- +529
9)Sell EurJpy @ 157.74----+493
10)Buy AudUsd @0.9451 --- -211
11)Buy NzdUsd @ 0.8160 ---- -95
12) Sell ChfJpy @ 99.22 ---- +8
==========================
Unrealize P/L ===== +4,645 pips
==========================
Increase in equity is 338%.. If I am putting this update. it is in no way to show-off to reader but rather a recording that i will need in the future.
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i admire your hard work, man.
keep it up!!

Quoting trader101
UPDATE
(Long Term Trading-Started on 3/12/08)
===============================
1)Sell EurChf @ 1.5846 --- +598
2)Sell UsdJpy @ 103.35 --- +705
3)Sell UsdChf @ 1.0327 --- +598
4)Sell AudJpy @ 96.02 --- +691
5)Sell GbpJpy @ 207.38--- +1,373
6)Sell UsdCad @ 0.9919--- -91
7)Buy GbpUsd @ 2.0069---- +47
8)Buy EurUsd @ 1.5344---- +529
9)Sell EurJpy @ 157.74----+493
10)Buy AudUsd @0.9451 --- -211
11)Buy NzdUsd @ 0.8160 ---- -95
12) Sell ChfJpy @ 99.22 ---- +8
==========================
Unrealize P/L ===== +4,645 pips
==========================
Increase in equity is 338%.. If I am putting this update. it is in no way to show-off to reader but rather a recording that i will need in the future.
Quoting earret
Yes I don't understand...why not share?
The primary reason for not sharing a profitable system is that once too many people start using it, the system loses its edge and stops being profitable. If you ever develop a winning system, never ever share it with anyone.
Domo Arigato, Mr. Roboto!
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