Simple Trading Method with trader101 | Page 106 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

trader101 method based trades 12 replies

Trader101 Method Back Testing Tool Q+A 16 replies

Setting up the Basics for Trader101 style trading. 28 replies

Attachments: Simple Trading Method with trader101
Exit Attachments

Simple Trading Method with trader101

  • #2,101
  • Jun 12, 2009 11:44pm Jun 12, 2009 11:44pm
Quoting Saifulsyn
Thanks to Julius & Family.


I am quite puzzle here, how could you get this system?
It really amazing technique!

It surprised lot of my freinds.
Presently we build one team to trade exactly as your system.



MALAYSIA MEMANG BOLEH!
saifulsyn (skype,YM,gmail & yahoo mail)
Your first post is short but i dont know why i cant prevent myself from responding to it. Can i be included in the team that have created?

Saiful if you need some clarification on the system i am always available. You have my Skype name and you are free to contact me.

I also want to tell you that more and more traders are using this system everyday. I am receiving substantial amount of E-mails pertaining to this system. I know that it has been a long while since the last time i made a posting in here. Perhaps with more questions and clarifications i might be stopping by here more often.

Boleh,

Julius
  • #2,102
  • Jun 12, 2009 11:48pm Jun 12, 2009 11:48pm
Quoting supremeChaos
Julius/trader101,
i've visited this thread a couple of times. to be honest, i had my eyes on this thread as i know it has its merits. but i did not know a fellow Filipino is behind it.

Happy Independence Day!
Certainly, u have made the Philippines proud, with your generosity here in FF!


God bless & do visit & post from time to time.
It is always a pleasure to read from someone from a place that has a place in your heart and always there despite not being there. Mabuhay!!!

Julius
  • #2,103
  • Jun 12, 2009 11:57pm Jun 12, 2009 11:57pm
Your broker always widen the spread at the start of the market on Sundays. IBFX for example has about 200+ pips for the whole basket from a normal of 68. Very frustrating isnt it?

We always consider this widening at the start as a deterrent for us to start trading at the beginning of the market. Hence we waited for like an hour till the spread normalize and then open our basket trade.

What about if i told you that we can use this widening to our favor? The more they widen the better for us. With the use of basket trades on long term this can be attained. Try to think outside of the box...Yes it is true!!! I will leave you with this challenge....

Julius
  • #2,104
  • Jun 13, 2009 1:43am Jun 13, 2009 1:43am
Quoting trader101
Perhaps with more questions and clarifications i might be stopping by here more often.
Boleh,

Julius
Glad to see your posts and that things are moving again here.

I want to know your opinion about Brijon's circular trading mentioned in the trading journal section.
There, you have mentioned also the optimized lot sizes. Are you using these lot sizes now?
With optimized lot sizes, will Brijon's method work? I thought it to be safer to trade that way because we are always sort of hedged.
"Put all your efforts in becoming effortless"
  • #2,105
  • Jun 13, 2009 12:41pm Jun 13, 2009 12:41pm
Thanks again Julius..

FOR SURE & My pleasure if you want to joint our team!
Normally we use YM to chat/discuss to each other.
I will add you, later on.

FYI, once a week we meet up, to share and do correction on trading
technique. (Basket Trading)


We just started using your method last 2 week, so i believed that,
so many thing that we still not cover up.

FYI, next week on 19th June 09, we will gather again,
and there are 3 items that we need to discuss & clearify:

(Group Discussion)
1) Last week Result & achievement. (Manual Trade)
2) EA Result. Since we already send 3 account to VPS.
( for 1 Month Test Run_with 3 different Parameter setting)
3) Price Action Pattern Discussion
4) MM discussion



Cheers!
Memang Boleh....
  • #2,106
  • Jun 13, 2009 8:34pm Jun 13, 2009 8:34pm
GREAT to see you back, im sure all traders can learn so much from you, lets hope this time this great thread continues on without interference.
we can all learn so much from you
wonderfull to have you back
from Brian
  • #2,107
  • Edited Jun 14, 2009 7:38pm Jun 13, 2009 9:01pm | Edited Jun 14, 2009 7:38pm
Everytime you think of coming back to give technical clarification. Here they come again. With those kind of people....no way... If you want to learn real trading you know my skype....

Julius
  • #2,108
  • Jun 14, 2009 12:56am Jun 14, 2009 12:56am
Quoting trader101
Everytime you think of coming back to give technical clarification. Here they come again. This could probably be the last post you hear from me. With those kind of people....no way... If you want to learn real trading you know my skype....

Julius
Sad that something has upset you.
If it is my question, then I am sorry. I just wanted to learn from you.
I have always been a follower of your system and I will not interrupt in anyway.
"Put all your efforts in becoming effortless"
  • #2,109
  • Jun 14, 2009 2:54am Jun 14, 2009 2:54am
Quoting IamTHAT
Sad that something has upset you.
If it is my question, then I am sorry. I just wanted to learn from you.
I have always been a follower of your system and I will not interrupt in anyway.
It wasnt you. It was those 6 successive posts before my posts. Fortunately you have not seen it as some other readers, the poster decided to removed them anyways. As for you my friend, it will unethical for me to comment on brijons circle method. Good or bad i will surely hold my comments. We know Brijon always comes up with new aces from his sleeves. The best judge i think is time. As they say time will tell. Follows Brijons way of trading and you will be profitable. I will prepare a bit longer answer to your questions on modified hedge lot usage...give it a while..

Julius
  • #2,110
  • Jun 14, 2009 3:09am Jun 14, 2009 3:09am
Quoting trader101
It wasnt you. It was those 6 successive posts before my posts. Fortunately you have not seen it as some other readers, the poster decided to removed them anyways. As for you my friend, it will unethical for me to comment on brijons circle method. Good or bad i will surely hold my comments. We know Brijon always comes up with new aces from his sleeves. The best judge i think is time. As they say time will tell. Follows Brijons way of trading and you will be profitable. I will prepare a bit longer answer to your questions on modified hedge lot usage...give...
Thanks for the clarification.
Why I was interested in Brijon's method was, since there is always hedge at play, drawdowns could be minimal. But if we are caught in a trend it may take a while to close all positions.
Meanwhile I wait for further inputs on lot-sizes. Unfortunately these lot sizes cannot be tried on IBFX micro with nano-lots.
"Put all your efforts in becoming effortless"
  • #2,111
  • Jun 14, 2009 7:55pm Jun 14, 2009 7:55pm
Quoting IamTHAT
Glad to see your posts and that things are moving again here.

I want to know your opinion about Brijon's circular trading mentioned in the trading journal section.
There, you have mentioned also the optimized lot sizes. Are you using these lot sizes now?
With optimized lot sizes, will Brijon's method work? I thought it to be safer to trade that way because we are always sort of hedged.
I really dont see any reason why someone would trade the optimized lot sizes. Assumming that the swap rate is zero, your trade using the optimized lot size wil go no-where. Much more that the swap rate of almost all brokers would never be in favor to the trader, reinforces the futility of this trading strategy.

I am using this theoritical value of optimized lot size trade at the the start of trading to see how much swing the opposite set of pairs impose on the other sets. Knowing the impose swing on one side, i can fairly predict that an almost the same impact will be impose on the other side on the return trip and so on.

Right now i am trying to do a certain calculation of swing from one side to another. Based on this results as applied to the present condition we may find some pattern to the randomness of the prices. Its a long shot but who knows perhaps we can find something in there. Of course you are welcome to join me in this study.

I hope i explain it well.

Julius
  • #2,112
  • Jun 14, 2009 8:03pm Jun 14, 2009 8:03pm
Quoting trader101
Your broker always widen the spread at the start of the market on Sundays. IBFX for example has about 200+ pips for the whole basket from a normal of 68. Very frustrating isnt it?

We always consider this widening at the start as a deterrent for us to start trading at the beginning of the market. Hence we waited for like an hour till the spread normalize and then open our basket trade.

What about if i told you that we can use this widening to our favor? The more they widen the better for us. With the use of basket trades on long term this can...
I am surprise this week that almost all brokers did not widen the spread...What is the reason? Have they figure out that widening will eventually favor the traders?....LOL

I hope they will be back to their usual self of widening the spread at the start of the market. I would even like them to make it about 200 pips total for the basket.

To Brian---are you back from vacation already???

Julius
  • #2,113
  • Jun 14, 2009 9:40pm Jun 14, 2009 9:40pm
nice to see u post (again) this week, Julius...

whatever u post, it's ok by me. better than lurking.
  • #2,114
  • Jun 15, 2009 3:12am Jun 15, 2009 3:12am
great to be back and see your back on top, we spent 7 weeks in POLAND. , we bought a couple of properties there for investment, so to come back and find your thread opened again was great,

mate your 101s curerency trading is the best. i think all of us owe you so much for your great concept and your magnificent hedge currencys

im planning on retiring 6 mnths in EUROPE AND 6 MNTHS HERE IN AUSTRALIA,

so we can trade the forex anywhere in the world , i cant help recomending any trader to follow in your breakthrough of hedge currencys movements, your generousity of sharing has given me personaly the ultimate system

thank you so much

from BRIAN
  • #2,115
  • Jun 15, 2009 10:35pm Jun 15, 2009 10:35pm
Quote
...we spent 7 weeks in POLAND. , we bought a couple of properties there for investment...

brijon/Brian,
all these courtesy of Forex profits?
Congratulations!
  • #2,116
  • Jun 16, 2009 10:51am Jun 16, 2009 10:51am
Hi all.
Thankyou Trader 101....
I've been reading & studying T101's method since about the start of this thread. I've not spoken up because I'm learning & don't have anything useful to contribute, until now & it is in the form of a question.

My study of this method has really opened my eyes and mind as to forex.
I've read all of both threads, several times. I'm copy/paste all items of interest for discussion about this method & try to corrall all ideas into one place. Not necessarialy trying to memorize the content as much as I'm trying to get everything to click & make perfect sense to me, to gleen an understanding of what's taking place here.

My question: Yesterday about 12:00 GMT (8:00 AM EST)I entered all 14 pair for a short. By 11:00 PM EST, I was up by + $1700.00.
All pairs lined up perfectly, sells on top, buys on bottom (except for USD-CHF) & all indication that the market wasn't looking back. No reason to dump the position, though common sense said "get out!". T101 did say that when all pairs have aligned in the "Ideal Pos", it's time to think about getting out. I don't yet understand WHY that is so, so I did nothing. But I see that it IS indeed so, but I still don't know why.

So, by 7:00 AM today, I'm down to +600 or so, & closed an hour later at +324.00. So my question is: What should I have been looking for to get out earlier. My only thought is to turn-down the greed & stick with a ATR based TP or something. But surely some indication would prompt me. Does it lie with the total profit figure? That went up over -600...I thought previously that +/- 300 - 350 or so was outer limits for that. Or should I just set TPs at various levels & just take what I can get?

This exit subject seems to be the secret of successful trading. Anyone can get in. But what is the best time to get out. Any discussion here?

I'm on demo & trying to learn to read the IA set-up better, as I'm convinced, thanks to T101's patience & guidance, that there's a story buried in those pairs set-up.

The way that this method is set-up by T101 shows total market trend as well as currency relationship & changes of same. Really well thought-out idea. Great job T101 & thank you again. Shows the futility of trading any individual pair without first getting a read on the WHOLE market & what it's doing at the moment.

I trade this twice a day. I won't sit here for hours & stare at the screen. Maybe this method needs constant monitoring. Any help or suggestion you folks may care to give would be deeply appreciated.

Thanks,

Peter O
  • #2,117
  • Jun 16, 2009 11:13am Jun 16, 2009 11:13am
Quoting petero
Hi all.
Any help or suggestion you folks may care to give would be deeply appreciated.

Thanks,

Peter O
There are a few Profit Protect EAs available in this thread which locks in and trails profit and you can pick one that is suitable for you.
There were couple of indicators very useful in identifying trend change probably Basket Indicator.
"Put all your efforts in becoming effortless"
  • #2,118
  • Jun 16, 2009 1:52pm Jun 16, 2009 1:52pm
Ok, so if a pair in the top 7 (sell group) goes up in price and ends up with a negative balance moving it into the bottom 7 group, I should buy it because it's gone against my original sell trade entry for this pair, right? If a pair in the bottom 7 (buy group) goes up in price and ends up with a positive balance moving it into the top 7, then I should buy it as well because it's now moved in favor of my original buy trade entry for this pair, right?

Thanks all.
  • #2,119
  • Jun 17, 2009 8:54am Jun 17, 2009 8:54am
Quoting IamTHAT
There are a few Profit Protect EAs available in this thread which locks in and trails profit and you can pick one that is suitable for you.
There were couple of indicators very useful in identifying trend change probably Basket Indicator.
The latest versions of AccountProtect EAs are on page 1.
  • #2,120
  • Jun 18, 2009 1:57pm Jun 18, 2009 1:57pm
Quoting trader101
The latest versions of AccountProtect EAs are on page 1.
Dear Julius,

May i know the latest accountprotect locking value scheme?

Ivan Yong
7 traders viewing now