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Simple Trading Method with trader101

  • #2,021
  • Oct 6, 2008 6:27pm Oct 6, 2008 6:27pm
Quoting netwrkgod
Anybody else going long on the 14 right now?
Actually I just closed out going long on all 14 - made about 350 pips in the last hour or so.

I realize that we're in a huge downtrend. That doesn't mean that there won't be opportunities to go long - just follow the indicators. I'm no smarter than anyone else here, just take what the market gives you.
  • #2,022
  • Oct 6, 2008 6:29pm Oct 6, 2008 6:29pm
Quoting netwrkgod
Anybody else going long on the 14 right now?
Shorts are in control, orest is signalling strong short a is pricecal. Start of the Asian market....I'm going to watch for a bit
  • #2,023
  • Oct 6, 2008 6:34pm Oct 6, 2008 6:34pm
Quoting hansel
Actually I just closed out going long on all 14 - made about 350 pips in the last hour or so.

I realize that we're in a huge downtrend. That doesn't mean that there won't be opportunities to go long - just follow the indicators. I'm no smarter than anyone else here, just take what the market gives you.
That's a good point. If you got in soon after the 1HR chart changed to LONG you could've (and did) make a quick buck.

Nice observation hansel.
  • #2,024
  • Oct 6, 2008 6:40pm Oct 6, 2008 6:40pm
Quoting hansel
Actually I just closed out going long on all 14 - made about 350 pips in the last hour or so.

I realize that we're in a huge downtrend. That doesn't mean that there won't be opportunities to go long - just follow the indicators. I'm no smarter than anyone else here, just take what the market gives you.
Hansel did you enter long based on an orest signal? Or were you using anchor movement?

Thanks,
Sandy
  • #2,025
  • Oct 6, 2008 6:41pm Oct 6, 2008 6:41pm
Below is a daily equity chart for the 14 pair sell basket.
You can draw your own conclusions.

Keep your profit locked. Coder

http://i36.tinypic.com/2ynmreh.jpg
  • #2,026
  • Oct 6, 2008 6:52pm Oct 6, 2008 6:52pm
Quoting nubchai
Hansel did you enter long based on an orest signal? Or were you using anchor movement?

Thanks,
Sandy
Actually it was both. I noticed that the GBP/JPY had moved into the anchor spot ( I actually just opened the IA about five hours earlier) and the JPY crosses were all moving. Then once the Orest pairs started jumping toward longs, I entered the trades. At that time the Orest signal was still saying "Strong Short" , but it changed to "Strong Long" in a few minutes and really started to take off.
  • #2,027
  • Oct 6, 2008 7:03pm Oct 6, 2008 7:03pm
Quoting hansel
Actually it was both. I noticed that the GBP/JPY had moved into the anchor spot ( I actually just opened the IA about five hours earlier) and the JPY crosses were all moving. Then once the Orest pairs started jumping toward longs, I entered the trades. At that time the Orest signal was still saying "Strong Short" , but it changed to "Strong Long" in a few minutes and really started to take off.

Hansel good trade!

Sandy
  • #2,028
  • Oct 6, 2008 7:41pm Oct 6, 2008 7:41pm
I did that againts the rules, just was testing the strategy. Went 14 pairs long around 3pm Mountain Time. 4h was showing Long and opposite trades continued to go in opposite direction. Made 400 pips.


Quoting SteveHopwood
Not a chance.

The markets are in meltdown. I would need all of the This Week, Day. 4 hours and Last Hour to agree on a long before I would even consider going long.

Even then, I would probably wait a couple of days to make sure; these are exceptional times.

Anyone else here read Terry Pratchet's Discworld Novels?

To quote TP, we live in interesting times.

  • #2,029
  • Oct 6, 2008 7:47pm Oct 6, 2008 7:47pm
Folks,
let's not forget that you shouldn't trigger trades based on indicator signal (short,long). These are only current basket trend indications. The rules state the Anchor(s) is what you must pay attention to. I'm talking about "all 14" trades of course.

Quoting Orest
I did that againts the rules, just was testing the strategy. Went 14 pairs long around 3pm Mountain Time. 4h was showing Long and opposite trades continued to go in opposite direction. Made 400 pips.
  • #2,030
  • Oct 6, 2008 7:53pm Oct 6, 2008 7:53pm
Quoting Orest
Folks,
let's not forget that you shouldn't trigger trades based on indicator signal (short,long). These are only current basket trend indications. The rules state the Anchor(s) is what you must pay attention to. I'm talking about "all 14" trades of course.
did not understand what you are saying. Wich signal and don't do what?
  • #2,031
  • Oct 6, 2008 8:00pm Oct 6, 2008 8:00pm
If indicator says SHORT even on multiple TFs it doesn't mean you have to jump the gun. The system's rules still apply.

Quoting giraia_br
did not understand what you are saying. Wich signal and don't do what?
  • #2,032
  • Oct 6, 2008 8:01pm Oct 6, 2008 8:01pm
Quoting Ronald Raygun
I know a lot of you have been asking me to write an EA for this thread, and I will say I'm very interested in this one. But, unlike most of you, I'm still reading through the thread in its entirety.

Attached is a quick indicator I tried to throw together.

It shows the profit/loss in pips for each pair you choose. (You'll need to add multiple indicators to the same window)
Oh man that is really beautiful! Thanks.
  • #2,033
  • Oct 6, 2008 8:10pm Oct 6, 2008 8:10pm
Quoting trader101
Any more good results??Please inspire us....
Thanks T101. This method is awesome. Here is one of my first trades. 600+ pips in @ 1.5 hrs. Great!!
Attached Image (click to enlarge)
Click to Enlarge Name: t101hedge-trades-20081006-3.gif Size: 81 KB
  • #2,034
  • Oct 6, 2008 8:21pm Oct 6, 2008 8:21pm
T101 has shown us a way to observe the flow of the market/money not just on a particular currency. I only came across this Thread last Saturday and had my problems to follow what has been written. Only reading, appyling and re-reading just the first few posts of T101's and the doc files I started to see what the IA is telling and because of its simplicity people have problems to understand. It's like with Brian's simple Kantor concept.

If there is a change of thrend long term or short , a strengthening/weakening of a currency, or a flat market the IA should will tell you without delay.
We don't Know what THEY know but we know what they are doing. It's almost like haveing instant access to the COT data.

'Many ways lead to Rome' we had our Tour Guide now we are left with the road map.
There been very constructive questions and answers and then we had/have those type of Question over and over again sounding like Kids in the back seat asking "are we there yet" and that's not a pleasant ride for anyone.
Yes I am in the back seat too but I am playing with the tools at hand but I also think new tools/indicators/ EA should be listed and discussed in a separate thread.

Many Pips to all
  • #2,035
  • Oct 6, 2008 8:26pm Oct 6, 2008 8:26pm
Quoting SpikeFX
Thanks T101. This method is awesome. Here is one of my first trades. 600+ pips in @ 1.5 hrs. Great!!
Good! BTW it is 600+ dollars not pips, your basket is 1.4 lots. So it is approx 40+ pips
  • #2,036
  • Oct 6, 2008 8:28pm Oct 6, 2008 8:28pm
@ Coder;

I am familiar with your program BasketTester and would appreciate if you could show the exposure of all 14 pairs. Please input the IBFx pairs like the AI with buys and sells so that we can get and idea of what currencies are more or less exposed to the market.

Thanks in advance,

TimeFreedom

Quoting Coder
Below is a daily equity chart for the 14 pair sell basket.
You can draw your own conclusions.

Keep your profit locked. Coder

http://i36.tinypic.com/2ynmreh.jpg
  • #2,037
  • Oct 6, 2008 8:52pm Oct 6, 2008 8:52pm
Quoting Qui-Gon
Mr. Orest,

If I may, do you only do full basket trades? If so, do you only wait until an anchor is dislodged? Just one anchor? How far must it move?



Thanks
You really need to read this thread.....
  • #2,038
  • Oct 6, 2008 8:53pm Oct 6, 2008 8:53pm
Mr. Qui-Gon,
I'm not going answer quistions like this, this is last time. All we need is to follow the rules, the rules are stated and clear.

See, how I got 200 points just 15 min ago strictly following the rules.
4h column of the indicator was showing Short (strong). All Sells were on the top and Buys on the bottom (again 4h column). Now, I was looking how CHFJPY (sell) was getting lower and lower (it was on top, remember?). When it eventually became an Anchor (lowest low) I fired 14 BUYS. 200 pips in 15 min. I'm not saying it's always will be like this, but it seems working.

Orest

P.S.
Now all 3 columns (Day, 4h, 1h ) show Long (Strong) trend, BUT it could be too late to enter right now.
Anchor rule gives an opportunity to enter in earlier trend formation, also Weekly (2weeks as well) trend still shows Short, so I suppose Long won't last very long.





Quoting Qui-Gon
Mr. Orest,

If I may, do you only do full basket trades? If so, do you only wait until an anchor is dislodged? Just one anchor? How far must it move?



Thanks
  • #2,039
  • Oct 6, 2008 9:38pm Oct 6, 2008 9:38pm
Quoting Qui-Gon
Mr. Orest,

If I may, do you only do full basket trades? If so, do you only wait until an anchor is dislodged? Just one anchor? How far must it move?



Thanks
If I remember correctly, there is a pdf file somewhere around page 110 to 120. You may want to go through that.

Although I read the thread and the pdf file a number of times, I still have a lot of queries. However, I tried in demo to see the effect. After a number of tries if I still could not get it, then perhaps I may raise a query. You may want to demo a number of times to see the results before your query.
  • #2,040
  • Oct 6, 2008 9:38pm Oct 6, 2008 9:38pm
is that possible if your indicator said long strong, and i click tradehedgeBUYALL instead i buy usdchf i go short in that expert advisor? how to do that

thank
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