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Simple Trading Method with trader101

  • #2,421
  • Aug 14, 2009 11:14am Aug 14, 2009 11:14am
max risk of 5%
  • #2,422
  • Aug 14, 2009 2:19pm Aug 14, 2009 2:19pm
there are so many files, so many zip's I am all confused.

I would really appreciate if somebody could just upload the needed files for this system.

is there a document to use for this.

Please please reply to my thread and thanks
  • #2,423
  • Aug 14, 2009 2:38pm Aug 14, 2009 2:38pm
Quoting TheFutureAce
there are so many files, so many zip's I am all confused.

I would really appreciate if somebody could just upload the needed files for this system.

is there a document to use for this.

Please please reply to my thread and thanks
Be ready for the wrath of Julius! Look for Trader101's latest posts and that will answer your question. http://www.forexfactory.com/search.php?searchid=7223535

Oh wait, you were the one who he warned hahaha... figures.

There is no easy way through it, read through it like the rest of us did.
  • #2,424
  • Aug 15, 2009 12:52am Aug 15, 2009 12:52am
Quoting TheFutureAce
there are so many files, so many zip's I am all confused.

I would really appreciate if somebody could just upload the needed files for this system.

is there a document to use for this.

Please please reply to my thread and thanks
This will now be your last post in this thread. Read everything in this thread then PM me that you have completed it and ready to make productive post then i will allow you again to post in this thread.
Julius
  • #2,425
  • Aug 15, 2009 4:22am Aug 15, 2009 4:22am
Here is an idea to help those who can't handle the drawdown, but want to run full blown 101. Get your self a micro account and your problem no longer exsists! I hope This helps someone because I really would like to give something back to the good people who have helped me.

Jim

Quoting Beshakey
Hi, guys
I tend to use stops around 250-300. I don't have the guts for 560 stops. I do this by using the simple "close basket when loss toomuch" E/A for initial stop loss. Then set miniprotect account for IBFX which is adjustable.
Remember, I tend to go for smaller shorter term trades, rather than going for the 'long ball' the way you guys are doing.
Using the orest inicator, I look at the smaller time frames (hourly and 4 hr) for volitility, watching for how the pairs bounce around. Use the 14 day and monthly for long term overall trend. Use...
  • #2,426
  • Aug 15, 2009 7:27am Aug 15, 2009 7:27am
Quoting trader101
This will now be your last post in this thread. Read everything in this thread then PM me that you have completed it and ready to make productive post then i will allow you again to post in this thread.
Julius
Alea iacta est
  • #2,427
  • Aug 16, 2009 2:19am Aug 16, 2009 2:19am
Quoting wjqblog
Hi Trader101

I am Chinese

Last week I read your thread.
Because My english very bad.So read and your thread very hard understand.
But I think I know your some means.
if you feel this thread is very hard to read one time.
you should read it more than ten times.
and i don't even think you ever try to read it all.
read it and filter it

patient and online dictionary are all you need
just like me
  • #2,428
  • Aug 16, 2009 5:26am Aug 16, 2009 5:26am
ight, Dice

It's almost like not only a leading indicator, but almost a peek into the future.
The thing is, the basket trends so long and eases into trends gradually, rather than being a V type reversal, the trends last a long time, and you have a lot of time to catch them. It's not so important to catch trend early, as with trading single currencies. At least this is my opinion.

thanks shakey,will try your suggestions,can you elaborate on the eur is a peak into the futer,really apreciate yours and anbodies tips ,ideas and vision of method,i will certainly report my findings being useful or misguided,thanks again
regards william
  • #2,429
  • Aug 16, 2009 6:47am Aug 16, 2009 6:47am
Quoting Adamthoery
if you feel this thread is very hard to read one time.
you should read it more than ten times.
and i don't even think you ever try to read it all.
read it and filter it

patient and online dictionary are all you need
just like me

thank your suggest.Sir

I means not the thread hard read..

Because My english read lever very low...

Sorry.

Thank you Sir.
  • #2,430
  • Aug 16, 2009 9:12am Aug 16, 2009 9:12am
Ready to attempt to use this system based on 4 Hr trends. I will open the IA Basket at market open and let it run for 4 to 8 hours. After that I will place all 14 trades in the above/below the line method. I am trying to put together a step by step procedure that will be easy to follow. I will post as I can to try to help T101 who is obviously very busy and needs some help. Since my Son is going thru Radiation treatment for Cancer I may not be able to post everyday, so be patient. My first test lasted only 1 day and my demo account jumped positive 1100 pips with this method, so patience is a virtue and we have all the time in the world.

Jim
  • #2,431
  • Aug 16, 2009 11:19am Aug 16, 2009 11:19am
Traditional trading with Moving Averages suffers from the LAG Syndrome. For Example: If you use crossing moving averages to enter and exit trades you lose a good deal of pips in the time it takes the MA's to cross. It is not very efficient. This is where my thinking comes in and I am sure Trader 101 has realised this long before me. This way of trading can buffer that time between the crosses and give us those pips in grand fashion.
  • #2,432
  • Aug 16, 2009 12:18pm Aug 16, 2009 12:18pm
Quoting diceman555
ight, Dice

It's almost like not only a leading indicator, but almost a peek into the future.
The thing is, the basket trends so long and eases into trends gradually, rather than being a V type reversal, the trends last a long time, and you have a lot of time to catch them. It's not so important to catch trend early, as with trading single currencies. At least this is my opinion.

thanks shakey,will try your suggestions,can you elaborate on the eur is a peak into the futer,really apreciate yours and anbodies tips ,ideas and vision of method,i...
Hey Dice

May be a typing error. Not EUR IS A PEEK IN THE FUTURE, but the system is almost like a peek into the future.

What I mean is that the basket seems to be ALMOST PREDICTIVE. This is just speculation on my part, and nothing that I know for fact.

I think that since the world currencies are dependent such large economic factors (where governments, large banks, and large companies) are spending thier money, that the trends don't change quickly, and when the currencies fall into place on the IA, you can almost count on the trends lasting long enough to make a couple of bucks. The strong currencies tend to stay strong for a long time.

Pure idle speclulation.

Shakey
  • #2,433
  • Aug 16, 2009 12:21pm Aug 16, 2009 12:21pm
wjqblog

Sorry cant quite cross the language barrier, and can't help much.

But it sure sounds like you are doing the work. Keep it up, you will get it.

Shakey
  • #2,434
  • Aug 16, 2009 6:51pm Aug 16, 2009 6:51pm
Quoting Nene
Ready to attempt to use this system based on 4 Hr trends. I will open the IA Basket at market open and let it run for 4 to 8 hours. After that I will place all 14 trades in the above/below the line method. I am trying to put together a step by step procedure that will be easy to follow. I will post as I can to try to help T101 who is obviously very busy and needs some help. Since my Son is going thru Radiation treatment for Cancer I may not be able to post everyday, so be patient. My first test lasted only 1 day and my demo account jumped positive...
Hello Jim, I am terribly sorry for your son and hoping he get better soon. My prayers are with you.

Jim thanks for planning of putting a step by step procedure, however i would really appreciate it very much if you run it through me first before posting. I am not saying that you do not know the BTS yet, just a precaution for any confusion that may cause should a mistake be found. I will appreciate it very much. Also my congratulations in your success in this system. Patience indeed is a virtue.

Julius
  • #2,435
  • Aug 16, 2009 6:55pm Aug 16, 2009 6:55pm
Quoting Nene
Traditional trading with Moving Averages suffers from the LAG Syndrome. For Example: If you use crossing moving averages to enter and exit trades you lose a good deal of pips in the time it takes the MA's to cross. It is not very efficient. This is where my thinking comes in and I am sure Trader 101 has realised this long before me. This way of trading can buffer that time between the crosses and give us those pips in grand fashion.
This system is a true Price Action Method the rest are records of historical data. Conventional indicators are brokers approved, do you think i will give you tools to hurt me? Think about it.

Julius
  • #2,436
  • Aug 17, 2009 6:39am Aug 17, 2009 6:39am
How would you like me to do this. Should I PM you? I entered the basket on a break of the G/J break of long term support last night approximately 6 hours after initiating the IA. I then placed the trades in a demo account. The chart below is currently where the account stands. However, we are just above a Daily Up trend line And I will pull it soon. Be nice to have a close all type E.A.

Jim

Quoting trader101
This system is a true Price Action Method the rest are records of historical data. Conventional indicators are brokers approved, do you think i will give you tools to hurt me? Think about it.

Julius
Attached Image (click to enlarge)
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  • #2,437
  • Aug 17, 2009 3:05pm Aug 17, 2009 3:05pm
Hey, guys,

A lot of traders were looking for safe havens. Is this what turned the basket short? What do you guys think.

Would like your thoughts about using Orest for predicting the basket.

The Orest has almost totally reversed from last week.
All the timeframes from the 21 day down to 4 hr have swung short.

The this week and this day are currently showing a tradeable entry.

The THIS HOUR and 4 HR are showing possible retracement.

Could enter short here when the HOUR and 4 settle down to SHORT stable (low volitility) signal.

I think the swing to a Long term SHORT TREND will be confirmed when the Anchors on the 21 day column fall steadily into the right colors.

I am betting on this happening at my favorite entry time, Pre-EU open around 0400 to 0500 GMT.

Does this make sense? or am I overlooking something?
Just speculating, and Would like your thoughts.

Shakey
Attached Image (click to enlarge)
Click to Enlarge Name: swing short.gif Size: 44 KB
  • #2,438
  • Aug 17, 2009 4:26pm Aug 17, 2009 4:26pm
hi shakey,
i think you are hopfully right as ive been in a short since 12 am gmt,after i entered i thought to myself im late on this one,dont do hangover trades,it has retraced and retested the lows and hasnt gone to far against me,i certainly think the second part of the asian session shouuld get me out of trouble and hopfully continue its journey south.my only concern or i should say my feeling is telling me that north is were its going
regards william
  • #2,439
  • Aug 17, 2009 7:33pm Aug 17, 2009 7:33pm
Quoting diceman555
hi shakey,
i think you are hopfully right as ive been in a short since 12 am gmt,after i entered i thought to myself im late on this one,dont do hangover trades,it has retraced and retested the lows and hasnt gone to far against me,i certainly think the second part of the asian session shouuld get me out of trouble and hopfully continue its journey south.my only concern or i should say my feeling is telling me that north is were its going
regards william
Just got in and took a peek, Dice. It may be reversing right now, or in a pretty deep retrace. We'll see what happens, but i got the feeling you may be right.

Want to know my next prediction? Here it is!

Eventually, it will go either UP or DOWN.
I bet I am right this time.

Yours, Shakey
  • #2,440
  • Aug 17, 2009 7:48pm Aug 17, 2009 7:48pm
Price has moved to between my markers and I just pulled my longs off again. My strategy is working like a well oiled machine right now. I just resetted my IA and will enter when good signal occours. I do believe we could see more of a pullback as it hasn't hit the 38 % Fib level yet which on the G/J is the 156.00 area. But since I just put my new IA on, I should see the turn in it.

Jim

Quoting Beshakey
Just got in and took a peek, Dice. It may be reversing right now, or in a pretty deep retrace. We'll see what happens, but i got the feeling you may be right.

Want to know my next prediction? Here it is!

Eventually, it will go either UP or DOWN.
I bet I am right this time.

Yours, Shakey
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