Simplicity is the Key | Page 49 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Simplicity is the ultimate form of sophistication ( Elite ) 866 replies

Why are we afraid of simplicity? 96 replies

Simplicity is the key to brilliance 36 replies

Signals for Simplicity 1,144 replies

The Journal of Simplicity Trade 12 replies

Attachments: Simplicity is the Key
Exit Attachments

Simplicity is the Key

  • #961
  • Mar 9, 2007 2:46pm Mar 9, 2007 2:46pm
Quoting brentmack
Trader101 -

Congratulations,sir.

I'm betting you're going to rack up 2,000 pips in the course of 4 weeks.

At that rate you might be in the 5% who actually make it!

Just remain cool and let that market keep coming to ya...

We're all very impressed.
Thanks for the kind words..Sir.. Honestly, i like the title you put under your name (Commissioner of Autotrading). I like also to put under my name "The small guy with a Big Dream" but i dont know how to do it.
Anyways, I am hoping too that this lucky streak of mine will continue at least to reach the 2000 pips, its a bit hard, but i will make that as my goal, 2000 in 4 weeks.
Regards..
  • #962
  • Mar 9, 2007 3:12pm Mar 9, 2007 3:12pm
Quoting trader101
thanks again, KEN..
I did not see you these past few days???
Anyways.. have a good one too...
I pop in here a few times a day to see what you're up to. I always feel better about my own trades if I see a confirmation with yours.

I've been practicing lately with Steinitz's Heiken Ashi method. It pulls some pips- maybe sometime I'll get 400 or so in a week...trying to catch up with you.
Is your SL my TP?
  • #963
  • Mar 9, 2007 3:32pm Mar 9, 2007 3:32pm
Quoting trader101
Ok, folks, this is it. I call it my week. A little less than expectation. My out put was less than 50% of the last week output. Hoping for a good week next week.


NET TOTAL FOR THIS WEEK --- +406
--------------------------------------
NET TOTAL FOR LAST WEEK----+976


Great job T101~ looking forward to see 2000 pips a week from you!
Don't doubt on that, I am sure you will make that possible very soon!

Cheers bro!

Regards,


Iki
"Quality means doing it right when no one is looking"
  • #964
  • Mar 9, 2007 6:21pm Mar 9, 2007 6:21pm
Quoting trader101
Normally...sir.. we have a 25+spread SL on a normal trading, but if i feel that the trade is going against me, i have to exit quickly to minimize the loses. I normally target trades that are capable of delivering 50 pips and above (nobody can predict that) based on its previous record. With all due respect, all those estimate about risk evaluation are bugos. How many times you said to your self i should have stayed with the trade, or i could have raise my SL because nobody knows where the market is going exactly. We can speculate as much as we can but the market has a mind of its own. Yes i do keep a record of percentage of winners versus losers, again that is not important to me. What is important is how much pips i generated when i am right?? and how much pips when i was wrong... Yes it is my goal to reduce the losers than winner to about 1:2.
Thanks and regards...

you are of course right but gaining 400 pips a week when you risk 400 pips per trade and gaining 400 pips when you risk 25 pips per trade is very different. This are really massive gains you have. Have you back tested this method? if so how far along?

Great job btw.
  • #965
  • Mar 9, 2007 7:24pm Mar 9, 2007 7:24pm
Great Job!! I have only watched this tread for about one week or so, and I am very impressed. I am looking forward in the continued success of your method and would love to see you reach your 2000 pips monthly. My goal is much less that this currently, but with knowledge of your current methods and theory's I would also shot for more pips. Thanks for Demonstrating your trading style. Keep up the good work!!
  • #966
  • Mar 10, 2007 5:49am Mar 10, 2007 5:49am
Quoting trader101
...I like the title you put under your name (Commissioner of Autotrading). I like also to put under my name "The small guy with a Big Dream" but i dont know how to do it.
Trader101 -

Thank you... and here's how to add your own title.

1. Click on "User CP" (control panel) above to your left.

2. Click on "Edit Profile" - also on your left

3. Scroll down to "Custom User Title""

There's a space limitation - why mine runs all together. You may need to trim your phrase (small guy / BIG DREAM). Anyway, play with it and see what will fit.

See you next week.
  • #967
  • Mar 10, 2007 9:00am Mar 10, 2007 9:00am
Quoting mmnoname
you are of course right but gaining 400 pips a week when you risk 400 pips per trade and gaining 400 pips when you risk 25 pips per trade is very different. This are really massive gains you have. Have you back tested this method? if so how far along?

Great job btw.
Again my thanks to you ...sir.
I always maintain a min of 1:2 risk-gain ratio and sometimes 1:3 but never lower and 1:2, otherwise i just scratch the trade. I back tested the method for the whole of 2006 and only 6 weeks of the total 52 weeks that it was a loser and the losses we less that 20 pips of those 6 weeks.
Thanks and regards.
  • #968
  • Mar 10, 2007 9:02am Mar 10, 2007 9:02am
Quoting Mrpipmaster
Great Job!! I have only watched this tread for about one week or so, and I am very impressed. I am looking forward in the continued success of your method and would love to see you reach your 2000 pips monthly. My goal is much less that this currently, but with knowledge of your current methods and theory's I would also shot for more pips. Thanks for Demonstrating your trading style. Keep up the good work!!
Kind words always keep me going... thank you so much ..sir.
With your encouragement, i might be able to even exceed the expectation.
Regards
  • #969
  • Mar 10, 2007 9:04am Mar 10, 2007 9:04am
Quoting brentmack
Trader101 -

Thank you... and here's how to add your own title.

1. Click on "User CP" (control panel) above to your left.

2. Click on "Edit Profile" - also on your left

3. Scroll down to "Custom User Title""

There's a space limitation - why mine runs all together. You may need to trim your phrase (small guy / BIG DREAM). Anyway, play with it and see what will fit.

See you next week.
Thank you.. sir..
I will definitely play around with it.
Regards
  • #970
  • Mar 10, 2007 9:08am Mar 10, 2007 9:08am
Been away for a bit.....have you decided to share your system with us yet?
Same Whore .... Different Dress
  • #971
  • Mar 10, 2007 9:10am Mar 10, 2007 9:10am
Quoting ikimashu
Great job T101~ looking forward to see 2000 pips a week from you!
Don't doubt on that, I am sure you will make that possible very soon!

Cheers bro!

Regards,


Iki
Thanks.. Iki..
for your confidence..Another thing, Did i ever thank you for voting my thread to be a 5 star???? Anyway..thanks for that...I hope others will vote also, makes me a little prouder (is that a word) and of course, continue to strive to give good signals...
Regards
  • #972
  • Mar 10, 2007 9:12am Mar 10, 2007 9:12am
A most excellent week, Trader101...Looking forward to your calls next week...Enjoy the weekend!
  • #973
  • Mar 10, 2007 9:14am Mar 10, 2007 9:14am
Quoting johnedoe
Been away for a bit.....have you decided to share your system with us yet?
You are a very patient person.. sir .. and i admire you for that.
As i have said before, i will definitely complete the 3 months testing period, stubborn or what, that was the plan initially and it is still the plan today. Again thanks for you interest in this little method of mine and your patience, off course.
Regards
  • #974
  • Mar 10, 2007 9:15am Mar 10, 2007 9:15am
Quoting Scott111552
A most excellent week, Trader101...Looking forward to your calls next week...Enjoy the weekend!
Thanks..Scott
  • #975
  • Mar 10, 2007 9:18am Mar 10, 2007 9:18am
thanks for your work and perserverance, more people would be successfull if they exercised the same diligence you are......keep up the good work
Same Whore .... Different Dress
  • #976
  • Mar 10, 2007 9:20am Mar 10, 2007 9:20am
Quoting johnedoe
thanks for your work and perserverance, more people would be successfull if they exercised the same diligence you are......keep up the good work
Thanks again..
  • #977
  • Mar 10, 2007 9:26am Mar 10, 2007 9:26am
This Thread is getting longer and i get complain from some viewers that it is becoming harder to get information in between post..I was thinking that perhaps, Anybody who can recommend a chat room or forum or whatever that we can go there and you can shoot any questions you want to ask or clarification, confirmation..anything regarding our trading would be appreciated. Of course, it should be free..or i dont know if FF have this facility. PLease write me..
Regards
  • #978
  • Mar 10, 2007 10:35am Mar 10, 2007 10:35am
Hi trader 101,

May be you can start a mailing list in yahoogroups.com? It will make it all easier. And people will get real time post from you, if they want to join you testing your system.

Cheers,

Bangun
Be young. But don't be foolish. Study history! - Curtis Faith
  • #979
  • Mar 11, 2007 7:18am Mar 11, 2007 7:18am
Quoting Bangun
Hi trader 101,

May be you can start a mailing list in yahoogroups.com? It will make it all easier. And people will get real time post from you, if they want to join you testing your system.

Cheers,

Bangun
Thanks..sir.. but that is not what in my mind. Sending mail to yahoogroup mailing list is an added work for me. I am more inclined to looking for a place for viewers to sent their questions to that spot rather than this thread, not for me to send and additional mail to the group. The signals are to be here in this thread not anywhere else.
Regards
  • #980
  • Mar 11, 2007 8:28am Mar 11, 2007 8:28am
Hello, Folks..
This week, i will be more selective in my trade selection, the selection will be based on the pips delivery of 50 and more pips but this will not prevent me from closing trade that deliver less than 50 if it will trend against me. Also this week the target goal that i set for myself will 1000 pips, a bit higher but it is always better to aim high. Loses will be minimized as much as possible, normally SL will be set to 25+spread but may vary lower from time to time and especially when the trade will go against us or during news time. I will be trading all seven major pairs and 5 JPY cross pairs. So lets keep our fingers crossed...

NET TOTAL FOR WE (3-09-07)---- +406
NET TOTAL FOR WE (3-02-07)---- +976
NET TOTAL FOR WE (2-23-07)---- -219
NET TOTAL FOR WE (2-16-07)---- + 56
NET TOTAL FOR WE (2-09-07)---- +187
NET TOTAL FOR WE (2-02-07)---- +108
------------------------------------------
SIX WEEKS NET TOTAL ---- +1514
0 traders viewing now