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Simple Trading Method with trader101

  • #281
  • Edited 8:56pm Sep 23, 2008 8:35pm | Edited 8:56pm
Quoting ES Trader
HNDYMANN,
WHY DO YOU THINK IT IS TIME TO GO LONG. mY SCREEN LOOKS TOTALLY DIFFERENT FROM YOURS. oF COURSE i DO HAVE IBFX MNIN ACCOUNT. bUT STILL I DONT THINK IT SHOULD SHOW THAT MUCH OF DIFFERENCE.
KRIS
I'm in line with you es trader... I don't see a long, just yet... in fact it almost had a switch over to long, but currently we are in full short mode.

edit: I do take that back... we are still in short mode, but we are looking more biased for a long. Good catch.
  • #282
  • Sep 23, 2008 8:36pm Sep 23, 2008 8:36pm
Quoting ES Trader
HNDYMANN,
WHY DO YOU THINK IT IS TIME TO GO LONG. mY SCREEN LOOKS TOTALLY DIFFERENT FROM YOURS. oF COURSE i DO HAVE IBFX MNIN ACCOUNT. bUT STILL I DONT THINK IT SHOULD SHOW THAT MUCH OF DIFFERENCE.
KRIS

Kris,

Not saying this is going to answer your question, but you do need to get your profit column lined up so it's showing the most profitable trade at the top and the least profitable trade at the bottom. You can do this by double clicking the 'profit' column.

VBro
  • #283
  • Sep 23, 2008 8:59pm Sep 23, 2008 8:59pm
i DID DOUBLE CLICK ON PROFIT COLUMN.tHIS IS HOW IT LOOKS NOW. dOES IT MEAN SOME OF THE BUYS HAVE MOVED DOWN LIKE EU,NZDUSD,EJ.AJ AND EG. AM I SUPPOSED TO SELL THEM.I STILL HAVE DIFFICULTY IN UNDERSTAND WHEN 101 SAYS WHEN THE CURRENCYS JUMP ONE SHOULD TRADE. DOES IT MEAN ALL THE CURRENCYS ARE SUPPOSED TO BE IN THEIR RESPECTIVE SLOTS AND ONE TRADES WHEN THEY MOVE OUT FROM THEIR SLOT.BELIEVE ME, I READ THE ENTIRE THREAD FEW TIMES. BUT I AM STILL CONFUSED.
KRIS
Attached Image (click to enlarge)
Click to Enlarge Name: 106.gif Size: 49 KB
  • #284
  • Sep 23, 2008 9:08pm Sep 23, 2008 9:08pm
Quoting ES Trader
HNDYMANN,
WHY DO YOU THINK IT IS TIME TO GO LONG. mY SCREEN LOOKS TOTALLY DIFFERENT FROM YOURS. oF COURSE i DO HAVE IBFX MNIN ACCOUNT. bUT STILL I DONT THINK IT SHOULD SHOW THAT MUCH OF DIFFERENCE.
KRIS
Click on the profit heading twice so the trades in profit are on top and the ones in negative are on the bottom.

On my screenshot you can see that the buys are settling toward the bottom and the sells are settling toward the top... at this point you are waiting for an anchor pair to settle in, wait for the move and enter.
  • #285
  • Sep 23, 2008 9:25pm Sep 23, 2008 9:25pm
aNCHOR PAIRS AUDUSD AND AUD JPY SHOULD THEY BE BOTH POSITIVE PIPS TO GO LONG( ALL 14 CURRENCYS) AND VICE VERSA TO GO SHORT?
  • #286
  • Sep 23, 2008 10:09pm Sep 23, 2008 10:09pm
Quoting ES Trader
aNCHOR PAIRS AUDUSD AND AUD JPY SHOULD THEY BE BOTH POSITIVE PIPS TO GO LONG( ALL 14 CURRENCYS) AND VICE VERSA TO GO SHORT?
Anchor pairs will not always be AU and AJ, they just happened to be earlier today when my setup occurred. When Trader101 talks about pairs jumping, he is talking about the anchor movement from the top(most positive) down or from the bottom(most negative) up. Let me see if I can explain better.

example (the perfect setup)

Pair Profit
Sell GBPUSD 500
Sell EURGBP 450
Sell GBPCHF 400
Sell CHFJPY 350
Sell AUDJPY 300
Sell EURJPY 250
Sell USDCHF 200

Buy CADJPY -200
Buy AUDUSD -250
Buy USDJPY -300
Buy EURUSD -350
Buy EURCHF -400
Buy GBPJPY -450
Buy USDCAD -500

In this setup GU and UC are the anchor pairs.
1.When UC jumps up and switches places with GJ, this is an indication of trend reversal.
2.When GU jumps below EG this is another indication of trend reversal.

3.When both 1 and 2 jump its an even better indication of trend reversal.

4. Since the sells are on top and the buys are on bottom, the trend will be leaning toward the LONG direction when entereing all pairs.

I hope this is correct otherwise I might be causing confusion. Trader please let me know if this is wrong so i can either modify or delete this post.

Luke
  • #287
  • Sep 23, 2008 10:22pm Sep 23, 2008 10:22pm
Luke, thanks for that. Your clear explanation was like a light going 'click'! I get it now. If T101 confirms this is the method, then I'm finally on board.

-Dan
  • #288
  • Sep 23, 2008 10:56pm Sep 23, 2008 10:56pm
sorry re tech problems on the trading rooms TODAY it appears to be ok now
i hope soon members can use the live chart share facility to gain a greater insite in your program. skype me whenyou are ready again to go on again
this time i hope the tradingrooms tech problems are fixed for us

from BRIAN
  • #289
  • Sep 23, 2008 11:00pm Sep 23, 2008 11:00pm
Hello
Luke you have explain it well, although i just have a few addition:
The example that you show. The safe LONG trade is when UChf reaches the
bottom Achor OR teh CadJpy reached the top anchor. I attached a good colored example in xls. Start looking the left most columns that was 5 weeks ago and the currency pairs really lined up very ideal the the 31 aug. Notice that the red ( this are the sells) they are moving down, hence direction is of our trade is LONG. Go the the 7th Sept the red GU reaches the anchor postion. We have reached the safe LONG TRADing and as the weeks goes on the reds (SELLs) slowly invading the the lower half while the Greens(BUY) are leaving for the top spots. Until this week that move is still true LONG trade. That is until it reaches the same but opposite of 24 August placement. I think Luke explain it well than me.
T101
Attached Image (click to enlarge)
Click to Enlarge Name: o2.GIF Size: 105 KB
  • #290
  • Sep 24, 2008 12:28am Sep 24, 2008 12:28am
I put together two 7-line indicators, one for BUY and one for SELL.

Attach them to a 1-minute chart, and let it run for a few minutes. It is like the other indicator, that is, it can't remember the past, and goes blank if you switch pairs or timeframes.

If you want all 14 lines in one window, drop the BUY indicator onto the chart, then drop the sell indicator ON TOP of the buy indicator, NOT on the price bars.

Let me know if this is what you're after.

Ron (ForexMT4.com)
Attached File(s)
File Type: mq4 profitgraphBUY.mq4   2 KB | 1,825 downloads
File Type: mq4 profitgraphSELL.mq4   2 KB | 1,753 downloads
  • #291
  • Sep 24, 2008 12:51am Sep 24, 2008 12:51am
and where is the script?
  • #292
  • Sep 24, 2008 12:59am Sep 24, 2008 12:59am
Quoting hndymann
Anchor pairs will not always be AU and AJ, they just happened to be earlier today when my setup occurred. When Trader101 talks about pairs jumping, he is talking about the anchor movement from the top(most positive) down or from the bottom(most negative) up. Let me see if I can explain better.

example (the perfect setup)

Pair Profit
Sell GBPUSD 500
Sell EURGBP 450
Sell GBPCHF 400
Sell CHFJPY 350
Sell AUDJPY 300
Sell EURJPY 250
Sell USDCHF 200

Buy CADJPY -200
Buy AUDUSD -250
Buy USDJPY -300
Buy EURUSD -350
Buy EURCHF -400
Buy GBPJPY -450
Buy USDCAD -500

In this setup GU and UC are the anchor pairs.
1.When UC jumps up and switches places with GJ, this is an indication of trend reversal.
2.When GU jumps below EG this is another indication of trend reversal.

3.When both 1 and 2 jump its an even better indication of trend reversal.

4. Since the sells are on top and the buys are on bottom, the trend will be leaning toward the LONG direction when entereing all pairs.

I hope this is correct otherwise I might be causing confusion. Trader please let me know if this is wrong so i can either modify or delete this post.

Luke
nice explanation, this is the way i understand it as well...
  • #293
  • Sep 24, 2008 1:01am Sep 24, 2008 1:01am
Right now I have us struggling with a trend change from short to long. We will see if short will prevail and regain strength or if long will become the new victor!
  • #294
  • Sep 24, 2008 1:37am Sep 24, 2008 1:37am
hello guys
i need an advice
if my demo chart show like this .
what post do i have to enter ??
thank you
Attached Image (click to enlarge)
Click to Enlarge Name: Q.JPG Size: 92 KB
  • #295
  • Sep 24, 2008 1:44am Sep 24, 2008 1:44am
i placed a buy order lets see.. the buys were taking over
  • #296
  • Sep 24, 2008 1:47am Sep 24, 2008 1:47am
Quoting avatarx51
i placed a buy order lets see.. the buys were taking over

which pair bro ??
and how any pair ??

thank you
  • #297
  • Sep 24, 2008 2:02am Sep 24, 2008 2:02am
all pairs.. im up 130pips
  • #298
  • Sep 24, 2008 2:09am Sep 24, 2008 2:09am
Quoting avatarx51
all pairs.. im up 130pips
u mean .. because of 1 pair jump up .. and the pair is LONG pair , u BUY all the 14 pairs right ??

when do u have to close all 14 pairs bro ??

thank you
  • #299
  • Sep 24, 2008 2:13am Sep 24, 2008 2:13am
im at work and my AI is delayed compared to the one at home....but looks long now guys...
  • #300
  • Sep 24, 2008 2:16am Sep 24, 2008 2:16am
Quoting ShadowPrince
im at work and my AI is delayed compared to the one at home....but looks long now guys...
Yup, I have a long(strong) signal here
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