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Signals for Simplicity

  • #781
  • Oct 24, 2008 6:20am Oct 24, 2008 6:20am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
Jason,
Wow, you beat me.
I think you didnt change the maximum SL of the program so its shuts down at $6,500 meaning he is tired of winning. When i was writing this EA i never thought that $6500 will be reached by a 0.1 lot so i just throw in the number. But have you chang ethe settin it could ahve gotten you more. Or perhaps you have not the lastest revision, you can download it at the old thread on the last page.
Julius
Wasn't aware that was in there ( i have all 3 versions), but i had made the mistake of not letting the program settle before turning the EA on, i had gone out for a couple of hours with the kids and shut the PC down (turned of the EA), when i turned it on it just closed out, i should have let it settle first before turning the ea on, better still if i was live i would have left the Ea running, but as it was a demo and i was confident of the markets flow south i let it run free (not something i would have done live) i have tried this for the last few days with great results, but it's also needs an understanding of the overall market position and i was trying to see how powerfull this IA was - WOW and WOW again.

what i was trying to see was if we went short and the following day was short again - how far could we push it, a kind of daily open range breakout theory

Most important is that now i need to get the rules down so i don't make this mistake again, could have easily been the other way round. will keep demoing for now.
  • #782
  • Oct 24, 2008 7:59am Oct 24, 2008 7:59am
Quoting gbemi76
hi prof julius t101 this is my first time of posting on FF have been following your thread from the begining sorry for my english the basket has been wonderful for trading this week for i only started on wednesday with just $500 in practice account and is now over 3000 in profit and still going up i just want to thank you for the great lecture and for giving most of us newbie the opportunity, I continue to be your student andy time sir
pls can you enable ur PM so that i can PM you? i want to ask you sth
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #783
  • Oct 24, 2008 8:27am Oct 24, 2008 8:27am
Quoting Ronald Raygun
I've been short the basket since Monday. I'm currently up ~12,000 pips. GBPJPY has moved over 3,000 pips for me.

This is an incredibly good market and I expect it to last maybe through November.

As for what convinced me to enter? I have been religiously opening baskets weekly for a month now, and the previous three were all perfectly aligned sells (sells on top, buys on bottom), and once the fourth basket was a perfectly aligned sell, I got in.

Floating DD probably went as high as 2,000 pips for me. I don't know if your accounts can take it.
Hey there Raygun, nice to hear ur success!
just wanted to know- wow- you held ur basket that long?!
was this done on demo? because holding ur spot over night is really hard to do, especially if its real money--

Looks like everyones having success, great to hear-

this seems like once in a life time opportunity to milk the currencies while the world is going through a serious crises, though unfortunate it's good news for us.
Very thankful for the method and constant improvements with the indicators, it's taken a great deal of stress out of trading --so thanks!
We can all live longer now lol
  • #784
  • Edited 12:17pm Oct 24, 2008 8:59am | Edited 12:17pm
lordgbengs i dont know how please but use yahoo messager {Email Removed} am new to how FF operates
  • #785
  • Oct 24, 2008 9:00am Oct 24, 2008 9:00am
Quoting SpamHam
Hey there Raygun, nice to hear ur success!
just wanted to know- wow- you held ur basket that long?!
was this done on demo? because holding ur spot over night is really hard to do, especially if its real money--

Looks like everyones having success, great to hear-

this seems like once in a life time opportunity to milk the currencies while the world is going through a serious crises, though unfortunate it's good news for us.
Very thankful for the method and constant improvements with the indicators, it's taken a great deal of stress out of trading --so thanks!
We can all live longer now lol
Nope, it's live, but a considerably small percentage of my account. I set it so I can sustain a 10,000 pip loss and still make it back through my other systems.

As for once in a lifetime, no. Look at November 2007. Similar volatility. Things like this happen once-twice a year.
  • #786
  • Oct 24, 2008 9:46am Oct 24, 2008 9:46am
Trader101, it took me a few days to realize the power
of your latest Basket indicator. I realize now....the profit
tells its own story. Thanks for everything!!!
forexflash
  • #787
  • Edited 10:07am Oct 24, 2008 10:06am | Edited 10:07am
yes Julius this indy from you looks like very great n powerfull|

what do u think about how it looks like in my picture? I dragged in the same window the indy with different settings (step 2) all being around ur base setting of 50/40

it seems to me that u can get a clearer picture if its possible...

Franco


PS

I took this idea from Spudyfire thread and im wondering if the study of patterns can help here too... I mean the ropes that it tends to form sometimes or the "well combed" patterns in other occasions
  • #788
  • Oct 24, 2008 10:09am Oct 24, 2008 10:09am
this is pic of above post
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  • #789
  • Oct 24, 2008 10:09am Oct 24, 2008 10:09am
Quoting Ronald Raygun
Nope, it's live, but a considerably small percentage of my account. I set it so I can sustain a 10,000 pip loss and still make it back through my other systems.

As for once in a lifetime, no. Look at November 2007. Similar volatility. Things like this happen once-twice a year.
I was referring to the currency crises that the world is facing, already many countries are in deep trouble, i'm just saying we could turn that to our advantage-

anyways- lets hope for a strong trend next week too!
  • #790
  • Oct 24, 2008 10:38am Oct 24, 2008 10:38am
101,
That shows you DID not read the LAST sentence.
Kris
  • #791
  • Oct 24, 2008 10:52am Oct 24, 2008 10:52am
The reason why i close the last thread is to preserve the purrity of the system if there is again an intent to do that here to inject to divert this system to another different from the original one. I am going to close this again to avoid such dilution. This is a free country and the free forum, you can always start one why do you have to do it here on someone elses journal. I dont know what is this going to led to..Another mentioned of that idea here and this is close as well before asking the FF mod to removed it. Why this has to happend on a Friday, the supposed good weekend is now ruined.
Julius
  • #792
  • Oct 24, 2008 10:58am Oct 24, 2008 10:58am
I have no problem if you want to remove .

Since it is your thread you might be able to remove the post.


Thanks
  • #793
  • Oct 24, 2008 11:05am Oct 24, 2008 11:05am
Quoting ES Trader
I have no problem if you want to remove .

Since it is your thread you might be able to remove the post.


Thanks

hi ES Trader please why not start your own thread and let people who wants to try your system follow and leave this thread for learner who still want to study t101 system and benefit from it
  • #794
  • Oct 24, 2008 11:06am Oct 24, 2008 11:06am
Quoting ES Trader
I have no problem if you want to remove .

Since it is your thread you might be able to remove the post.


Thanks
Even if i could i will not do that, only the posters should do that.
  • #795
  • Oct 24, 2008 11:11am Oct 24, 2008 11:11am
101,
I went to the top of the thread and looked at the option. I had them at my thread.Looks like the thread organiser are the only one who has the control.
  • #796
  • Oct 24, 2008 11:18am Oct 24, 2008 11:18am
OK, MY friend. The POST IS DELETED.

LEARN TO CALM DOWN..You dont want to have your blood pressure shoot up. Do YOU?. Then you will have to come to my office even if you dont like me. LOL

I promise I will not put any Ideas of mine in your forum.

Kris
  • #797
  • Oct 24, 2008 11:26am Oct 24, 2008 11:26am
Ok lets move on. Sorry for the outburst. If y0u have any other ideas that you think runs contradictory to the one i have, you can start a new thread if you want to run it with me(i will be honored) pm me and ill discuss it with you in an intellectual manner. Just dont run it on the post. And dont to do it on a Friday ... LOL ... I want my trip to Costco for my groceries will be a pleasant one.. Lets just move on...
Julius
  • #798
  • Oct 24, 2008 11:31am Oct 24, 2008 11:31am
101,
Make sure you remove post#794. You have quoted my idea in your post.
Thanks
  • #799
  • Oct 24, 2008 11:45am Oct 24, 2008 11:45am
FOCUS on this MAGIC by this MAGICIAN (Trader101) only!!!

I not scolding or criticizing, but many people forget the fundamental why this thread here:

You learn it, and you contribute to it NOT by your guess, but by what you LEARNED. I think that even Trader101 himself is trying to dig deeper instead of trying some other new holes.

(I've been followed Trader101 with true appreciation from 1st page of his previous thread, till now)
*********************************************************
I think that people need to be patient on this system. Ask yourself, how many pips that you won these few weeks are from sell baskets? and how many are from buy baskets? My implication is that during these few weeks, everything (eur, gbp, aud) collapse against USD. It is a normal thing to win big now that we have this ideal 14 pairs IA.

But do many know how to handle a 2 month ranging market? like early this year? how will Orest Indicator perform during those times? Are many sure about that? we need to wait and think. someday, Trader101 will be tired, will ultimately leave this thread. let's understand his MAGIC before that, and hopefully make it better with its own merits.

Many dead threads of FF starts with a lot of newbies earning quick pips in some crazy days, then market changes, newbies cry, different ideas conflict ......... you are not coming this thread for earning pips right now, (although that's ur fundamental goal). Learn and feedback, think together on this core idea.

My basic understanding, is that Trader101's method is fast to detect trends start, reliable to identify on-going strong trends (using weekly IA), but how to trade safely when the strong trend is over and range starts? that remains to be learned.

I guess that this system is for long-term trading, a few days at least ~~ a few weeks holding positions. Otherwise, it is hard to get over whipsaws when current trend is over, unless we have same skill as Trader101 to grab entry timing. (also why we need to learn to look into pairs-jumping)

Questions like:
Do anyone really use Orest Indicator's 1 hour column for entry?
What does blue/red merge and diverge mean in basket indicator?
......
may be more worthy to think about.

*******************************************************
my sincere appreciation to Trader101, and I'd like to delete my post anytime (awkardly long, i just found), if it is againt your thoughts. Thanks again.
  • #800
  • Oct 24, 2008 12:16pm Oct 24, 2008 12:16pm
Charvo,
I think you have hit the nail in the head. At this time of our trading, you guys are in the stage of testing it out before moving to the big day of putting in your hard earned money. I have outlined this program for you, and even hold up parts of the system in order not to complicate the matter. It is at this stage that you are feeling the system. Let it be, test every aspect of the system and if you find it suited use it. Presenting you another idea even by myself, different than what you have now, maybe absorbed by others but not by the whole lot. Rather than moving forward we are moving backwards. If every time we misstep we change the walker guide is not a good idea. I would rather make perfect on the step. So far we have not even misstep, so we must focus on perfecting our step than changing the walker guide. I think the best analogy right now is putting a cart on a wild horse, a daunting task, but at this moment we tamed it already and we are trying now to put a cart, suggesting to change the horse at this moment is counter productive, now that the horse is all tamed. Just let everyone help to put the cart on the horse and I think we can all ride on the cart. That is my analogy. Have a nice weekend every one and I see you all Sunday. Saturday, I'm at Costco’s. LOL
Julius
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