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Simple Trading Method with trader101

  • #2,061
  • Oct 6, 2008 11:56pm Oct 6, 2008 11:56pm
Quoting wolfan71
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
If you were to invert UsdCad and usdchf...the USD count would be the same, but then you'd need to find a corresponding cad and a corresponding chf to switch.

Do you have that?
  • #2,062
  • Oct 6, 2008 11:57pm Oct 6, 2008 11:57pm
Quoting gundam98
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
Gundam, Good luck with your trade. You are as per my understanding way late for the party. If you see Orest indicator, most 6 buy pairs are already in the top half.

Khan
  • #2,063
  • Oct 6, 2008 11:58pm Oct 6, 2008 11:58pm
Quoting gundam98
I can see that you are BUYING all 14 pairs one short. Are you referring to Orest's indicator.
no I'm using an IA account.


Quote
and it was why? GJ coming from bottom to top on daily or another TF?

no I started the IA around 2pm because the daily move looked exhausted. I checked again at 2:30 and all buys where on top and sells were on bottom... so I entered LONG all 14.

It's fallen a little back now but I suspect tomorrow will be range for alot of these. I'm just gonna leave them and see what happens. [demo]
  • #2,064
  • Oct 7, 2008 12:25am Oct 7, 2008 12:25am
Quoting Ronald Raygun
If you were to invert UsdCad and usdchf...the USD count would be the same, but then you'd need to find a corresponding cad and a corresponding chf to switch.

Do you have that?
I intend this:
instead of 14 Short -> 12 Short and UCad UChf Long
or instead of 14 Long -> 12 Long and UCad UChf Short
  • #2,065
  • Oct 7, 2008 1:13am Oct 7, 2008 1:13am
hello trader,

i think i did it completely wrong. i startet at sunday the IA. waited till tonight sydney session. all pairs are in the lots. the sells at the top and the buys at the bottom. i looked at the profitcal at the is a strong short and the daily orest indi the same signal. then i opened 14 sells. and what happened?
right -1560 pips lost.

correct me if i'm wrong.

i have to wait till the pairs formed in there lot. then i have two posibilities. i could trade the jumping pairs or wait until the ancor pairs move in the other direction and have to buy 14 pairs in this example, right?

under normal circumstances an achor move will happen only once a week? right? so usually i could only trade the whole basket once a week. but jumping pairs every time after pair forming, right? (max 4 pairs at the same time)

thanks in advance

PriNova
  • #2,066
  • Oct 7, 2008 1:17am Oct 7, 2008 1:17am
I had read the entire thread (up to page 59 or so), then took a break and now we're at like almost 130 pages...

On a scale of 1-10, how rude would it be for me to ask someone to sum up the major developments which occurred over the last 50 pages? I'm already familiar with the method and last I checked, there were even indicators in the works that would pretty much automate the basket, meaning you don't actually need to open all 14 in a demo. Is that still true? Or have we migrated to using that simulator program that craudzilla invented?

Anyway, I don't expect anyone will take this post too seriously, and I'll probably get around to reading the rest of the thread anyway but I just thought I'd ask.
Do you think the karate kid knows kung-fu?
  • #2,067
  • Oct 7, 2008 1:27am Oct 7, 2008 1:27am
Quoting Qui-Gon
Hey steve,

Your previous post about gaining many pips...(not sure, couple pages back?): Did all of the TF's line up in agreement there for you when you traded the basket?

Hope my question is clear.....

ps. T101 rules
Yes, they did.

For those of us living in the UK, the markets open up on Sunday night - IBFX goes to work at 11.00 pm. We can sleep through the first 8-10 hours of the week's trading, so the markets have time to gain some momentum by the time we start to think about trading.

By the time I took my first basket, Londong had been open for about two hours; the second basket I traded about mid-afternoon; by then the markets had gone mad.

As I write this, at 7.20 am, the Day, 4Hours and Last hour cols are all showing the buys firmly in control. The This Week col still has a strong short and Profit Calc says the same. Maybe the rise in the markets is merely a retrace and sellers will overcome buyers in the coming hours. Maybe it is the start of a reverse. I have no idea, so I am staying out until the picture clears.

Out of curiosity, I took out a sell basket on demo before going to bed last night. At that point only the Last Hour col was showing the buys in control. At the mo, it is over -2000, so I shall watch that with interest. Likewise Carl's simulator. I have just taken a basket buy, just to see what happens.

All in all, today looks like a good day to practise taking jumper trades.

  • #2,068
  • Oct 7, 2008 2:48am Oct 7, 2008 2:48am
Quoting ddblue
I had read the entire thread (up to page 59 or so), then took a break and now we're at like almost 130 pages...

On a scale of 1-10, how rude would it be for me to ask someone to sum up the major developments which occurred over the last 50 pages? I'm already familiar with the method and last I checked, there were even indicators in the works that would pretty much automate the basket, meaning you don't actually need to open all 14 in a demo. Is that still true? Or have we migrated to using that simulator program that craudzilla invented?

Anyway, I don't expect anyone will take this post too seriously, and I'll probably get around to reading the rest of the thread anyway but I just thought I'd ask.
Hi... newbie like me will totally confuse to read the first and the last post, so "Read All Post, I shall".
  • #2,069
  • Oct 7, 2008 3:02am Oct 7, 2008 3:02am
One thing to think about is setting up a trading room so that those who are interested can trade together. I've been in a few and sometimes they work, sometimes they don't. Just food for thought.
  • #2,070
  • Oct 7, 2008 3:40am Oct 7, 2008 3:40am
In my humble opinion, Slade put his finger on something. The basket of currency seems to be following the EUR/JPY pair.
Now, should we get the same result if we were traiding this pair but entering with 1.4 Lot ??? (14*0.1)
the market is not random but anything can happen.
  • #2,071
  • Oct 7, 2008 3:55am Oct 7, 2008 3:55am
Interesting. That long demo basket that was at -2000 just stopped out at +1850.

I just want that Day col to go short, then I will be back in live.

In the meantime, timidity means I am missing out on shed-loads of pips. Hey ho.


Edit: the col just went short, so I am in. My own monitoring ea is set to start locking in profits at +500.

  • #2,072
  • Oct 7, 2008 3:57am Oct 7, 2008 3:57am
Quoting SteveHopwood
Interesting. That long demo basket that was at -2000 just stopped out at +1850.

I just want that Day col to go short, then I will be back in live.

In the meantime, timidity means I am missing out on shed-loads of pips. Hey ho.

Looks harder to trade today ... the daily signal is changing a lot.
  • #2,073
  • Oct 7, 2008 3:58am Oct 7, 2008 3:58am
Quoting gundam98
Hi... newbie like me will totally confuse to read the first and the last post, so "Read All Post, I shall".

Gundam,

Read the entire thread. You will learn a lot. The key rules are on page 1 but you get examples and discussion in the other posts.

Also read T101 rules made easy v3.pdf . Icicle, a member here, put together this document and it helped me a lot.

Good luck in your trading!

Sandy
  • #2,074
  • Oct 7, 2008 5:02am Oct 7, 2008 5:02am
Is this what is classed as an anchor change - EURJPY has just entered the top slot giving a long signal.

Does any one here use the crodzilla monitor coz it gave this signal about an hour ago.

Your opinions would be interesting

Attached Image (click to enlarge)
Click to Enlarge Name: Anchor change.GIF Size: 20 KB
  • #2,075
  • Oct 7, 2008 5:13am Oct 7, 2008 5:13am
you spoke about the anchor change in the daily coloumn. i thought it have to change in the weekly coloumn cause we take the data until sunday open. i'm confused too. now what does the other take as signal? is it better to watch after sunday the daily slot changes for intraday or is it better to watch slot jumping and anchor change in the weekly coloumn?

i understand the rules that i have to take the weekly coloumn.

PriNova
  • #2,076
  • Oct 7, 2008 5:16am Oct 7, 2008 5:16am
Quoting lesaurus
Is this what is classed as an anchor change - EURJPY has just entered the top slot giving a long signal.

Does any one here use the crodzilla monitor coz it gave this signal about an hour ago.

Your opinions would be interesting

Attachment
yes but there are a lot of false signals today, we are in a range.
  • #2,077
  • Oct 7, 2008 5:17am Oct 7, 2008 5:17am
Quoting PriNova
you spoke about the anchor change in the daily coloumn. i thought it have to change in the weekly coloumn cause we take the data until sunday open. i'm confused too. now what does the other take as signal? is it better to watch after sunday the daily slot changes for intraday or is it better to watch slot jumping and anchor change in the weekly coloumn?

i understand the rules that i have to take the weekly coloumn.

PriNova
For what it is worth, I take far more notice of the weekly than any other - it represents the IA trades I started at the beginning of the week. I just like it if it an the lower tf cols are all saying the same thing.

  • #2,078
  • Oct 7, 2008 5:24am Oct 7, 2008 5:24am
Quoting SteveHopwood
Interesting. That long demo basket that was at -2000 just stopped out at +1850.

I just want that Day col to go short, then I will be back in live.

In the meantime, timidity means I am missing out on shed-loads of pips. Hey ho.


Edit: the col just went short, so I am in. My own monitoring ea is set to start locking in profits at +500.


Steve, when you don't lock in profits until +500, what do you do (if anything) for S/L for good money management?
  • #2,079
  • Oct 7, 2008 5:30am Oct 7, 2008 5:30am
Prinova,

I think various things have been said about this - one of which was that the IA or indicator had to be running at least 4hrs before the open of the market.

We are in the london session at the mo so our indy should have started at 4.00am GMT. As far as i am aware the daily column will be referenced from last night (midnight?) so it should qualify.

You are right in saying about using the one from sunday as that is what trader 101 originally said. Many things have been said since then, it would be nice to know if anyone else took this signal.

I think the longer or older the data is the stronger the signal.

If you look at the bias on the month it is something like -1325 and gradually decreases as you get to the hour. it just shows that the changes on the hour are much quicker requireing only a small number of pips to change the order. For the closest BUY(USDCHF) on the month to dislodge the top anchor (AUDUSD) the gap would have to close by 954 pips

I see it as trading on different timeframes - just the same as you would adjust your parameters for a pin bar trade on the 1hr chart compared to one on the weekly.

A signal is still a signal though isnt it? i mean if the rules state to only take a signal from an IA started on sunday night at 22.00 how would you feel taking one from an IA started at 22.30?... 23.45?....3.00am monday morning?....

You probably would take these signals as the exact start time is very subjective. you would just add less weight to them as they become more recent.

Thats just the way i see it

Regards Paul
  • #2,080
  • Oct 7, 2008 5:30am Oct 7, 2008 5:30am
Quoting Cdavid
With all due respect to your talents and enthusiasim Ronald... at this moment in time .... would you prefer to

a) attempt to hijack this thread and run the risk of never hearing from Julius or his ideas again.

or

b) Politely and with a certain amount of maturity respect his wishes and start your own thread based on the ideas created here by a talented contributer.


nobody is talking about being spoonfed except you Ronald.
Julius sent me a PM.

Quote
I know that it was not your fault that are just trying to be nice to these people. I read in the thread that you are asking my opinion about proceeding on the EA development. Before i respond let me just tell you first that this method is a three tier system and so far i have not even completed the first part. In fact there was already a preliminary EA done by TrendChaser but i put it on hold until the completion of all the phasings. The same thing i will ask of you to please hold off the production of EA, and i will guarantee you that after all this mess and when the dust settle i will continue the one ive started to impart. Perhaps not in that thread but maybe in my journal, but definitely will invite you after the completion of such. Thank you so much, Ronald for your understanding
Regards
Julius

Turns out there is a phase three involved, and I'll also hold off any public EA development.
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