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Signals for Simplicity

  • #961
  • Nov 14, 2008 7:14am Nov 14, 2008 7:14am
Quoting Hal2611
Can anyone direct me to the thread that I can get profitgragh 101 which is illustrated in post 955. Much appreciated in advance.
I have searched the threads for profitgraph and was unable to find it. I use ProfitChart which is very similar.
Gary Success is a journey not a destination
  • #962
  • Nov 14, 2008 9:26am Nov 14, 2008 9:26am
Quoting trader101
I understand that brokers have a different opening and closing time. Because of this, discrepancies in their charting occurs especially at the market start on Sundays. Using one broker chart and trade on another broker is not a good practice during this time of the market start. Hence, i was requiring a settling-in period in the original IA mentioned in the old thread. I notice this charts of different brokers normally start to syncronize at about 8 to 12 hours from the start of the market. On Tuesday night when i start trading with Oanda, the chart...
I appreciated your time to anwser, Julius. As usual, your insights are very valuable to us. That's clear up the whole lot.
BTW, is ProfitGraph101 the same as ProfitChart?
Thank you and happy pippin'
  • #963
  • Nov 14, 2008 1:55pm Nov 14, 2008 1:55pm
Quoting trader101
To catch big fish must use a bigger hook. Thats the secret. Wait for the statement by Friday so youll know the basket size use to collect this pips.
LOL

I'm anxiously waiting for the statement. I hope it will include some more tips to gain some pips.

Ayo
  • #964
  • Edited 2:39pm Nov 14, 2008 2:21pm | Edited 2:39pm
Quoting ayoneeyee
I'm anxiously waiting for the statement. I hope it will include some more tips to gain some pips.

Ayo
It was done 4 hours ago in the other thread where i normally record my weekly results.

http://www.forexfactory.com/showpost...postcount=3299

Keep up, just i am keeping up with all the rest.
  • #965
  • Nov 14, 2008 2:36pm Nov 14, 2008 2:36pm
T101,

You have multiple threads going on at the same time. I guess I wasn't following up with that thread, I was busy mastering the system and It's hard keeping up with all the threads. Can you provide the link here, please?.

Thank you.
  • #966
  • Nov 14, 2008 4:41pm Nov 14, 2008 4:41pm

Hi Julius,
One question, you're already a millionaire ??????

Greeting

Aleks

  • #967
  • Nov 14, 2008 4:46pm Nov 14, 2008 4:46pm
The problem is not how many pips I deserve
but how many dollars I deserve (live)

Great

Aleks
  • #968
  • Nov 14, 2008 5:00pm Nov 14, 2008 5:00pm
Why should man 14 pairs of trade, 0.01 example if the same man or even more ,can reach with a pair of 0.1 and much less risk?

Great

Aleks
  • #969
  • Nov 14, 2008 5:36pm Nov 14, 2008 5:36pm
hey guys, here is a screen shot of my demo account with orders open from a month ago.....Longer term trading can have its advantages, just keep those stops in place. Keep in mind, I have not calculated the max drawdown suffered from the time I opened my orders so that could tell a different story but you can't beat the bottom line.

If a fixed 200 pip stop loss were set for each pair, a drawdown of $28000 could occur if each pair was stopped out. Without officially checking the max drawdown, that would be equal to a 1:4 risk to reward which is excellent!

Again, I didn't have my stops in place as I was just curious as to where the orders would end up over a longer time frame. Certainly has a lot of possibilities though.
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  • #970
  • Nov 14, 2008 5:53pm Nov 14, 2008 5:53pm
Quoting aleks760
Why should man 14 pairs of trade, 0.01 example if the same man or even more ,can reach with a pair of 0.1 and much less risk?

Great

Aleks
Then do the single pair trading, no one is forcing you to trade 14 pairs. You really should start reading all the post bcoz this question have been ask and answered several times already. It has been establsh already, why people are losing bcoz of that theory that putting all your eggs in one basket i always a bad thing.

The odds betting on the Lakers Team is much better than betting on Kobe Bryant.

You will learn more by reading than shooting questions, i learn that from my grandfather.
  • #971
  • Nov 14, 2008 9:46pm Nov 14, 2008 9:46pm
I'm sorry, but what the hell is going on here. I've jumped from 3 different threads already. None of this is making any sense. This mess of 3 or 4 differect threads for one topic is ridiculous! Is anyone making lots of pips from this system. because I don't want to waste my time trying to figure out this tangled web of threads and posts on this topic if not.
  • #972
  • Nov 14, 2008 9:55pm Nov 14, 2008 9:55pm
hello to all of you especially T101. you have helped me in my forex journey.i came across this website a few weeks ago.i decided to read all the posts and threads before asking any questions.i must say that if one does diligently reads the threads, a lot of questions wouldn't be necessary.some things were trial and error but i remember sitting down and trying to grasp the entire concept.there were also several aha moments.i saw what happened on the other thread "simple trading method" and was sad about it but am really glad that T101 restarted it elsewhere in signals for simplicity.i have had quite a few successes with the basket method and the tandem pairs.just working on my impatience so as not to jump the gun and lose pips along the way.once more from a newbie who has studied ur material and is still studying and learnin, i say a heartfelt and grateful thank you.thank you thank you.may the force always be with you master yoda and to all who helped along the way.
  • #973
  • Edited 7:18am Nov 15, 2008 5:42am | Edited 7:18am
Hi T101,
this is an idea for pip calculation for your basket trading,
Lets suppose we trade in BUY direction 14 pairs every 0.1 lots @ 14 NOV 08 then margins that is used in ( 1:100LVG 20000$ account ) will be as follow:

0.1 lots of "EURJPY" = 100EUR = 127 USD
0.1 lots of "GBPUSD" = 100GBP = 147 USD
0.1 lots of "EURGBP" = 100EUR = 127 USD
0.1 lots of "GBPCHF" = 100EUR = 147 USD
0.1 lots of "USDCHF" = 100USD = 100 USD
0.1 lots of "AUDJPY" = 100AUD = 65 USD
0.1 lots of "USDJPY" = 100USD = 100 USD
0.1 lots of "EURUSD" = 100EUR = 127 USD
0.1 lots of "EURCHF" = 100EUR = 127 USD
0.1 lots of "GBPJPY" = 100GBP = 147 USD
0.1 lots of "USDCAD" = 100USD = 100 USD
0.1 lots of "CADJPY" = 100EUR = 127 USD
0.1 lots of "AUDUSD" = 100EUR = 127 USD
0.1 lots of "CHFJPY" = 100CHF = 120 USD

total margin = $1688 = %8.5 of account or = 1.33 lots of EURUSD ( a sample CPAIR )
if we make profit in total of summation pips eg: 3000 PIPS that is nearly equal to $3000 (in your statements),

in the other hands if we trade 1.33 Lots of EURUSD then each pip of profit will be 13.3EUR or 16.9USD then $3000 will be 3000/16.9 PIPs = 177 PIPs

then we will be in profit for 177 pips of usd currency as a standard LOT
or 1770 pips as minilots,
but because of total trade volume (1.33 LOTs of EURUSD) and %margin(%8.5) used for trade , 177 pips will be major profit value,

is it correct or wrong ?
what is your opinion Mr T101?
thx.
  • #974
  • Nov 15, 2008 5:48am Nov 15, 2008 5:48am
This system works very well but it requires a little bit more homework than complaining and whining on FF to be successful.....
No pain no gain ;-)

Many thanks to t101
the market is not random but anything can happen.
  • #975
  • Nov 15, 2008 6:13am Nov 15, 2008 6:13am
LOL, yes your highness clayboy, some of us will work really hard and present you a profit loss sumamry so that your majesty can save a lot of time.

Quoting clayboy
I'm sorry, but what the hell is going on here. I've jumped from 3 different threads already. None of this is making any sense. This mess of 3 or 4 differect threads for one topic is ridiculous! Is anyone making lots of pips from this system. because I don't want to waste my time trying to figure out this tangled web of threads and posts on this topic if not.
  • #976
  • Nov 15, 2008 7:16am Nov 15, 2008 7:16am
Quoting OnTheRoad
Hi T101,
this is an idea for pip calculation for your basket trading,
Lets suppose we trade in BUY direction 14 pairs every 0.1 lots @ 14 NOV 08 then margins that is used in ( 1:100LVG 20000$ account ) will be as follow:

0.1 lots of "EURJPY" = 100EUR = 127 USD
0.1 lots of "GBPUSD" = 100GBP = 147 USD
0.1 lots of "EURGBP" = 100EUR = 127 USD
0.1 lots of "GBPCHF" = 100EUR = 147 USD
0.1 lots of "USDCHF" = 100USD = 100 USD
0.1 lots of "AUDJPY" = 100AUD = 65 USD
0.1 lots of "USDJPY" = 100USD = 100 USD
0.1 lots of "EURUSD" = 100EUR = 127...
I am lost honestly...LOL

If we follow the theoretical definition of a pip:

On Buying: Pip = (Close Price – Open Price) x Digits
On Selling: Pip = (Open Price - Close Price) x Digits

Where: Digits = 10000 for Non Yen pairs
= 100 for Yen pairs

In other words it is the move of the currency price irregardless of the volume traded

On the other hand the Profit will be defined as the:

Profit = Pips x Volume

I know most traders including myself make a common mistake of equating the profits and pips.

Perhaps to avoid the computational hassle.
Julius
  • #977
  • Nov 15, 2008 9:07am Nov 15, 2008 9:07am
Ok, sorry about my earlier rant yesterday. I was tired and cranky. I will read through all of the threads, promise. I the mean time, can some of you who are using this system tell me about your success with it? How many pips are you averaging, etc..

Thanks,

Clayboy
  • #978
  • Nov 15, 2008 10:22am Nov 15, 2008 10:22am
Quoting clayboy
Ok, sorry about my earlier rant yesterday. I was tired and cranky. I will read through all of the threads, promise. I the mean time, can some of you who are using this system tell me about your success with it? How many pips are you averaging, etc..
The problem is defining "this system" :

- There are several threads on this forum about this method (or similar methods)
- There are many different indicators, each with different versions. Most people are using their own combination of these indicators.
- Some of the method is objective. However, there still seems to be subjective parts that are different for each trader.
- Most are trading in demo still. Some are trading live. At this point, hearing about other's LIVE experiences is probably the most informative.

Trader101 originated all of this. Following his methods is probably the best. However, he only has shared a portion of the method publicly. This method has never been 100% complete. It is still being tweaked to find the best combinations.

With all of the above being said, my unsolicited advice to you is to read through the various threads about this method. Once you have done so, determine if this method sounds like something you want to explore. Then, spend a few hundred hours trying to find what works best for you. Find a way to backtest your theories. Forward test as much as possible. IMO, there will never be a publicly defined set of rules and indicators for this method that has been proven to work in live trading. Different traders will continue to use different variations and see different results.

I am not part of Trader101's "inner circle". That is fine. I have already determined the basket trading method is not for me. However, there have been a few different ideas that I have incorporated in my methods. This method continues to be a good information source.

Hopefully you will get some responses from those trading live. Maybe there is some thread on some forum where traders share their live trading experiences using this method. I don't know, maybe someone-in-the-know can point you in the right direction. Trader101 has been posting his results, although I am not sure if his posted results are from demo, live, or game trading.

As with many other forex trading methods, this is a very easy method trading in demo mode. Though I have no direct experience, I'm guessing live trading of this method is a completely different animal!
  • #979
  • Nov 15, 2008 10:27am Nov 15, 2008 10:27am
Quoting clayboy
Ok, sorry about my earlier rant yesterday. I was tired and cranky. I will read through all of the threads, promise. I the mean time, can some of you who are using this system tell me about your success with it? How many pips are you averaging, etc..

Thanks,

Clayboy

It IS a lot to read through, and it will take at least twice as long actually doing it to get a level of clear understanding and even more important what you find from it that works for you. There are different takes and observations of this system already in its short time being presented, and even T-101 himself said that these observations will reveal themselves, of course, we all see things differently. I know there are probably many, who do not even post, that have found success with this "observation" of the market, if not with the whole process in its entirety. But, be encouraged sir, this is the real deal. Just look at T-101 statements. I will ensure you that those results are not uncommon for those who have put in the time.

  • #980
  • Nov 15, 2008 11:48am Nov 15, 2008 11:48am
The attached speak for itself

It takes diligence and times to master the system and fully understand how the valid signals worked
This is not happen overnight
each person found his own way to work for him
myself, I found that this is the one of a lifetime opportunity to make money in trading business
Less stress, and avoid a lots of bad trades
Thanks T101
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