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Simple Trading Method with trader101

  • #2,041
  • Oct 6, 2008 9:50pm Oct 6, 2008 9:50pm
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

This is the way to report your wins guys. Tells us how many pips and why you entered. This is great stuff, thank you Orest. Don't clog this thread with I'm going long because, tell us after the trade is done and how you got in and how you got out. This way we will all learn what works and what dosen't.
  • #2,042
  • Oct 6, 2008 10:08pm Oct 6, 2008 10:08pm
Quoting Qui-Gon
Spike,

Can you please describe in detail the setup that triggered your trade decision?

Thanks!
Just catching up...

The rules on page 1 are pretty straight-forward, but I bend the rules a bit because by the time I set up my IA and read, read, read some more I see the pairs are already setup and trending. Everybody interprets things differently. I can see market momentum just looking at the basket. The basket and Orest indi say Short. I entered after a retracement of price. I also saw a lot of false positives (reversals) during retracements so adhering to the rules is best I'm sure. This was actually the third trade I entered but was the 'big-gainer' so I print it out. I netted @ 900 pips down from @ 1200 due to my error with profit protect ea. 2 wins 1 loss. Thanks to T101.
  • #2,043
  • Oct 6, 2008 10:21pm Oct 6, 2008 10:21pm
Quoting theGuardian
Good! BTW it is 600+ dollars not pips, your basket is 1.4 lots. So it is approx 40+ pips
MisQuoted from BabyPips..
What the heck is a Pip?

The most common increment of currencies is the Pip. If the EUR/USD moves from 1.2250 to 1.2251, that is ONE PIP. A pip is the last decimal place of a quotation. The Pip is how you measure your profit or loss.

so
1 tick = 1 pip
and
lots = leverage
Thanks
  • #2,044
  • Oct 6, 2008 10:27pm Oct 6, 2008 10:27pm
Quoting SpikeFX
Just catching up...

The rules on page 1 are pretty straight-forward, but I bend the rules a bit because by the time I set up my IA and read, read, read some more I see the pairs are already setup and trending. Everybody interprets things differently. I can see market momentum just looking at the basket. The basket and Orest indi say Short. I entered after a retracement of price. I also saw a lot of false positives (reversals) during retracements so adhering to the rules is best I'm sure. This was actually the third trade I entered but was the 'big-gainer' so I print it out. I netted @ 900 pips down from @ 1200 due to my error with profit protect ea. 2 wins 1 loss. Thanks to T101.

Nice one SpikeFX, that's the way to report it. I learned something from that.
  • #2,045
  • Oct 6, 2008 10:32pm Oct 6, 2008 10:32pm
Quoting 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.
Timing is pretty important. Too late as in US market is going end for the day soon?

I think the best time to start this system is on the first day of the week. Around asian market. Do you think so?

If we setup the system in the middle of the week, it maybe too late.. correct me if i am wrong..
  • #2,046
  • Oct 6, 2008 10:41pm Oct 6, 2008 10:41pm
Can someone explain 'protectprofit' ea?

I am thinking of doing everything manually .. as in 'human' version of protectprofit .. hope someone can explain the logic behind on how to protect the profit.
  • #2,047
  • Oct 6, 2008 10:49pm Oct 6, 2008 10:49pm
To Master Jedi trader101, and all Jedi here.
I am just a very very young human being, not even a Jedi level would like to ask 1 question. Hoping that no one gets angry for this stupid question.

From the picture below:
http://img84.imageshack.us/img84/917/t101bmf8.gif

Should I take this action:
a) LONG AUDUSD & LONG EURCHF

or

b) SHORT EURCHF & SHORT AUDUSD?

I hope no one is offended. Sharing is Caring
  • #2,048
  • Oct 6, 2008 11:19pm Oct 6, 2008 11:19pm
even with 2 shorts in the half bottom, if USDCAD take the top anchor, it will be valid?

in the "this week" tab.
  • #2,049
  • Oct 6, 2008 11:22pm Oct 6, 2008 11:22pm
and i am long in EURCHF and EURGBP.

WHY? because in the weekly tab EURCHF jumped to the 7 post while EURGBP jumped to the 8.
  • #2,050
  • Oct 6, 2008 11:22pm Oct 6, 2008 11:22pm
Quoting gundam98
To Master Jedi trader101, and all Jedi here.
I am just a very very young human being, not even a Jedi level would like to ask 1 question. Hoping that no one gets angry for this stupid question.

Should I take this action:
a) LONG AUDUSD & LONG EURCHF

or

b) SHORT EURCHF & SHORT AUDUSD?

I hope no one is offended. Sharing is Caring
I don't know if i'm right or not, but i think everyone still in Sell Condition for every 14 pairs.
  • #2,051
  • Oct 6, 2008 11:27pm Oct 6, 2008 11:27pm
Quoting Desginer
I don't know if i'm right or not, but i think everyone still in Sell Condition for every 14 pairs.
Sell 14 pairs? I am still learning the method in post #1. Maybe I should continue reading. By the way, what's determining SELL 14 pairs or LONG 14 pairs? Only 2 red in the bottom and 2 green in the top.
  • #2,052
  • Oct 6, 2008 11:28pm Oct 6, 2008 11:28pm
Quoting Desginer
I don't know if i'm right or not, but i think everyone still in Sell Condition for every 14 pairs.
i think u are wrong, in orest indicator, gbp jpy has moved from bottom to the top since hours ago, i entered 14 pair long 2 hours ago , and made around 1000 pips

correct me if i am wrong
  • #2,053
  • Oct 6, 2008 11:31pm Oct 6, 2008 11:31pm
Quoting rendiii
i think u are wrong, in orest indicator, gbp jpy has moved from bottom to the top since hours ago, i entered 14 pair long 2 hours ago , and made around 1000 pips

correct me if i am wrong

I was up about 800, then stopped out at +610 as I saw the anchor change as well.
  • #2,054
  • Oct 6, 2008 11:32pm Oct 6, 2008 11:32pm
but then you were using daily tab, correct?
  • #2,055
  • Oct 6, 2008 11:34pm Oct 6, 2008 11:34pm
Quoting netwrkgod
Anybody else going long on the 14 right now?

It's been many hours ago...now up over 2,000 pips... and this is just playing around so far....
Attached Image
  • #2,056
  • Oct 6, 2008 11:34pm Oct 6, 2008 11:34pm
Can I safely says that if the bottom says LONG, I should LONG 14 pairs? I got this latest screenshot.

http://img296.imageshack.us/img296/2158/t101czd3.gif
  • #2,057
  • Oct 6, 2008 11:37pm Oct 6, 2008 11:37pm
Quoting pip_seeker
It's been many hours ago...now up over 2,000 pips... and this is just playing around so far....
I can see that you are BUYING all 14 pairs one short. Are you referring to Orest's indicator.
  • #2,058
  • Oct 6, 2008 11:38pm Oct 6, 2008 11:38pm
Quoting pip_seeker
It's been many hours ago...now up over 2,000 pips... and this is just playing around so far....
and it was why? GJ coming from bottom to top on daily or another TF?
  • #2,059
  • Oct 6, 2008 11:47pm Oct 6, 2008 11:47pm
To master Jedi, and all Jedi(s),

I have just make LONG for 14 pairs. May I know what is the exit plan?
Sorry for asking so many questions. I hope I can become a Jedi too.


http://img147.imageshack.us/img147/2316/t101dqq1.gif
  • #2,060
  • Oct 6, 2008 11:48pm Oct 6, 2008 11:48pm
As thought about optimization, i noticed that usdcad and usdchf are two rebels of their respective team (Long Team and Short Team).
When we are going to go straight what about to invert this two pairs?

Thanks to T101 for this thread
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