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Simple Trading Method with trader101

  • #1,481
  • Oct 2, 2008 7:47am Oct 2, 2008 7:47am
T101,

I do not know everyone here, so I do not know who the people you are referring to as thieves and such, but I was wondering if you could take time to look at Orest's indicator. It seems to do many of the things the spreadsheet was doing but all inside of mt4 to keep it simple.

If orest is on the good side (no offense orest as I don't know you) I believe his indy could really help out if his parameters are right???

If his parameters are wrong could you work with him to get them right?

In my opinion there is a lot of promise on this one.

but what do I know right?
  • #1,482
  • Oct 2, 2008 7:49am Oct 2, 2008 7:49am
My real live account is now rising to the amount of groceries and gas for my suv. Hello, I keep saying this for what, for you tp trade now.. Man do i have to spell it out...Look at the moves somebody slap me, we detect it again early. But i could be wrong....so i could not be sue
  • #1,483
  • Oct 2, 2008 8:00am Oct 2, 2008 8:00am
Ok let me spell it. Using the Jumping slot method since after the big short trend, if you are watching the excel spreasheet or the Orest indicator. the top 2 spots is occupied by EJ and GU now its EJ yesterday it wa GU. These two are competing each other but never lease the 2 spots meaning strengthening, othersise GU have left the building already for the basement but no. Look the Repelled pair of Gu the GJ it never leave it there and he has beat the Eu by 1 slot. the symmethy is being maintain. The UCAD and the UChf are in that position since after the bid wave of Monday. It is strengthening. THe currencies are in a state of trend equilibrium meaning it Short will short if long will LOng. I dont know if i confuse you more. had i wish we hade conferencing room in FF and i could have accumudate you all yesterday. then this should have been easy to understand.
  • #1,484
  • Oct 2, 2008 8:04am Oct 2, 2008 8:04am
Wow, piling into the USD like there is no tomorrow. Up over 1300 pips.

Carl
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  • #1,485
  • Oct 2, 2008 8:08am Oct 2, 2008 8:08am
First off all, helo to trader101.......
Im watching the thread from the beggining.....
Now Im running 6 accounts now with the lattest eas, indis, and program from crodzilla! All I can say that the original IA account is different from
everything else here, I played with all of them, and original IA account
is deffinately the best, and most accurate among them!!!
That doesnt mean that Im not greatfull for all the things various programmers did here, but Im sticking with original rules.

Trader101 welcome back....Im all ears!
forexflash
  • #1,486
  • Oct 2, 2008 8:10am Oct 2, 2008 8:10am
Dear All

I would like to check with IBFX users or valuable trader who can assists:-
Set1
GBP/USD
EUR/GBP
GBP/JPY
USD/CHF
NZD/USD
AUD/JPY
EUR/JPY
Set 2
EUR/USD
USD/JPY
AUD/JPY
NZD/JPY
GBP/CHF
CHF/JPY
EUR/CHF

Set 1 is for buy and set 2 is for sell as per post#51 worked out by 101. Does it work out vice versa, meaning set1 for sell and set2 for buy?

Can the indicator starts anytime? or does it have to start on Monday only? As i am eager to start the indicator.

Regards
Jimmypippy
  • #1,487
  • Oct 2, 2008 8:11am Oct 2, 2008 8:11am
Quoting crodzilla
Wow, piling into the USD like there is no tomorrow. Up over 1300 pips.

Carl
It's becoz 1230 GMT there is "EUR ECB President Trichet Holds Press Conference" after the ECB Interest Rate Decision . you don't get this everyday.

Tomorrow is another big day. 1230 GMT NFP. Remember to close ur position before that if you don't like risking your pips
  • #1,488
  • Oct 2, 2008 8:17am Oct 2, 2008 8:17am
OK graphics for jumpslots. see attached chart. 5 currencies.
fist analysis EU and UC. thsi two pairs are like husband and wife. where husband go wife follows. If wife is near husband runs away. If you check you excell they are separated 1 slot EU down UC up move will then be UC to go down, Eu to go up becaseu nowhere to to go, becaseu the occupant of the 14 slot is very strong. So the trade was SELL EU and buy UC. was good. 2nd analysis. UCAD like the UC it gravitates to GU it was then just jump a slot towards gu when i trade it.. results very good. Next analysis CHFJpy, since ucad will continue to get closer to Gu chfjpy will be bump out so Sell CHf JPY
same explanation to CAD j Results all postive. I just leave it to five only, but we could further proceed and analyze the others and perhaps made 80 % right direction. THIS ANALYSIS IS NOT TRUE TO IBFX USER.
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  • #1,489
  • Oct 2, 2008 8:18am Oct 2, 2008 8:18am
To anyone still confused about this method, I have posted 2 screen shots below showing a great BUY BUY trade that set up this morning with the USDCHF and GBPCHF pairs. Note that I opened up my 14 pair hedge at yesterdays (10/1/08) close - 6pm EST, so my order may not match yours.

 You can see that the SELLS are in control because they are all in profit and the BUYS are in the negative. The screen shot below was taken about 30 minutes after I saw USDCHF (Buy) moving up into SELL territory at 1.1327, and at the same time GBPCHF (a Sell) switched places with it and moved into BUY territory at 1.9956. This means that they are both moving up because the only reason Buy USDCHF would go into profit would be if it went up and the only reason Sell GBPCHF would go into negative would be if it was going up as well. So you would enter BUY orders for both pairs at those prices.

The second screen shot shows where the prices settled about an hour later. USDCHF is at 1.1398 (+71 pips) and GBPCHF is at 2.0053 (+97 pips). Pretty amazing? And the move may not even be over...although if I had put on these trades in my live account, I think I would just bank the money right now and not stick around to see what happens.

If I got it wrong, please somebody let me know. These green pips are almost to good to be true.

Slade
Attached Image(s) (click to enlarge)
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  • #1,490
  • Oct 2, 2008 8:24am Oct 2, 2008 8:24am
Quoting FOREXflash
Yes, you can buy or sell any currency, and start IA with any of them at different times, Im sure you will make big money with this!!!
I guess that stupid questions wont stop!
Hi

Sorry to ask those non stop stupid question. Appreciate your answer

Thank you very much for answering those stupid question.

Regards
jimmypippy
  • #1,491
  • Oct 2, 2008 8:24am Oct 2, 2008 8:24am
BANK IN THE GROCERY MONEY ALREADY. My suv now have gas for 1 week and i will at Costco this Saturday and Sunday. I will reenter again after the retrace.
  • #1,492
  • Oct 2, 2008 8:26am Oct 2, 2008 8:26am
Somebody put up the Rules and regulation before it starts again. guys they feel you owe them something.
  • #1,493
  • Oct 2, 2008 8:28am Oct 2, 2008 8:28am
Quoting slade
To anyone still confused about this method, I have posted 2 screen shots below showing a great BUY BUY trade that set up this morning with the USDCHF and GBPCHF pairs. Note that I opened up my 14 pair hedge at yesterdays (10/1/08) close - 6pm EST, so my order may not match yours.

You can see that the SELLS are in control because they are all in profit and the BUYS are in the negative. The screen shot below was taken about 30 minutes after I saw USDCHF (Buy) moving up into SELL territory at 1.1327, and at the same time GBPCHF (a Sell) switched places with it and moved into BUY territory at 1.9956. This means that they are both moving up because the only reason Buy USDCHF would go into profit would be if it went up and the only reason Sell GBPCHF would go into negative would be if it was going up as well. So you would enter BUY orders for both pairs at those prices.

The second screen shot shows where the prices settled about an hour later. USDCHF is at 1.1398 (+71 pips) and GBPCHF is at 2.0053 (+97 pips). Pretty amazing? And the move may not even be over...although if I had put on these trades in my live account, I think I would just bank the money right now and not stick around to see what happens.

If I got it wrong, please somebody let me know. These green pips are almost to good to be true.

Slade
You make money means you are right. Nobody can contest that.
  • #1,494
  • Oct 2, 2008 8:30am Oct 2, 2008 8:30am
Hi Fellow Traders,

please have a look at the following demo account on ActivTrades: Login : 31295
Investor (read only password): fp1fatn

Account almost tripled since yesterday (ma Close order scripts do not want to run on this account, otherwise it could have been much more)!!!
  • #1,495
  • Oct 2, 2008 8:32am Oct 2, 2008 8:32am
Quoting trader101
OK Good, i will assume that the post of 3 is the voice of most of the silent reader (i like them they are quiet).
First thing we watn to make some money. Since yesterday I have been trading shorts for the 14 straight and i have also 5 currencies on trade using the tandem method (jumping slots) the 14 stright is now 1200 pis up and the tandem is about 600 pisp up. I guess some of those wit me last night on MSN are making the same pips on jumping slots method because this trade was traded while we are having a discussion. The discussion notes, i am requesting Luke (hndman) to do some editing and then post it here. If no response tell night, I will post i there unedited it will be long becasue of my stupid mistakes of not knowing to do the invite but we manage. Why I am saying this trades that i have because movements on the currency paors have been notice since last night the changing of changingof EJ form GJ the breakaway of UCad those are siign of possible shorting and my fundamental mind say we will have the 700B thingy they all jive isnt it. So i go short and to date i am right and hope this will continue to be right so we can increase that 4000 pips take for the week. Overall my monthly take was 5% less than last month, i keep blaming becasue of the 2 weeks i spent in this thread, or perhaps my stupid analysis too. But that is trading rihgt. Just miss to talk
Julius
Thanks for coming back, Julius. I read, reread and ask every day WWJD? I am making those good decisions more and more in my practice & live mini-mini account. All the computer stuff is beyond me and I keep watching handyman's video's and wondering what I am doing wrong, but this can be done manually as you said....your comments are making sense and I firmly believe you are blessed greatly by giving this away. There must be a lot of us in the background, very appreciative that you have given us a door into this new and exciting world! Thanks again!!
  • #1,496
  • Oct 2, 2008 8:42am Oct 2, 2008 8:42am
Thank you trader101 for ur good heart,i appreciate it,am a faithful and silent reader of this thread,though i have lost alittle wth your system but the profits are more,the main thin as i understand it is stay wth the trend(very important),the time u will lose is wen u counter trade trend,it is only dis system for now thaat i know u will be tired of making pips if you follow the very basic tenets of the system,

Most importantly,you have to integrate this system to your trading personality, how? by meditating on this method day and night then you shall have good success wth it and not by asking silly questions.trader101 pls go on i am wth you.thanks

It will shock you to know that i only have 4 charts opened instead of 14,but i just follow trader101 rules and make pips followng the dollar but later i will incorporate the charts to see support and resistance.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #1,497
  • Oct 2, 2008 8:47am Oct 2, 2008 8:47am
Quoting Hermes69
Hi Fellow Traders,

please have a look at the following demo account on ActivTrades: Login : 31295
Investor (read only password): fp1fatn

Account almost tripled since yesterday (ma Close order scripts do not want to run on this account, otherwise it could have been much more)!!!

Any account that has tripled in a few days only tells me that it will only take half that time to blow up!

good luck with that!
use smaller lots and you will be happier down the road.
This trader101 method looks promising but remember.....Money Managment is key!

good luck to all learning this method, as I said it looks very promising if you follow the rules and are smart about your trading.
M4X............ Hedging My Way To Profits!
  • #1,498
  • Oct 2, 2008 8:50am Oct 2, 2008 8:50am
Quoting trader101
You make money means you are right. Nobody can contest that.

Trader101 et al,

Kill me but i still don't understand one thing. Why such enormous complexity with spreadsheet, indicators, other visual tools if the method itself is so dead simple, if not banal. The way i understand the first part of Trader101 method is the following:

Pick any pair from the list, ANY. Skip trading on Monday. From Tuesday onwards, compare the current price with the week open price (Tokyo open) at every tick. If profit changes signs, trade in the direction of the trend. Basically the trigger is the current price crossing the weekly opening price! That's it. It's 1hour to put it into an Expert Advisor. And you can do this comparison for as many pairs as your heart desires. Put SL at 50pips and impose trailing stop after, say, 30pips.

Trader101, as for your first part, tell me if there's substantially more that i'm missing here.

Thanks alot
Groovy
  • #1,499
  • Oct 2, 2008 8:54am Oct 2, 2008 8:54am
ey welcome back, t101! really glad to see yoda back.

just ignore posts that are worth ignoring. also, there are a lot of traders who know enough already to be able to answer them. so don't feel obliged to respond to them. although you can't stop new readers coming in, i'm sure after several more pages from here, they wouldn't know about the frustration issues (unless maybe the rules are posted on every page--impractical of course).

smjones doc looks like a good start. if the e-book comes out, that would be best. you two could probably collaborate on a trading novel (bill williams anyone?)
  • #1,500
  • Oct 2, 2008 8:54am Oct 2, 2008 8:54am
pls trader101 how do u add comments to the buy and sell order .thanks
D labour of a fool wearieth him cos he doesn't know how to enta d city
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