Simple Trading Method with trader101

Gains of 1000 - 2000 pips are way too conservative for this system and are peanuts. There is only one word to describe this system : Awesome.
My estimated nominal gains from this system is around 2000 - 3000 pips per week which is what I am averaging now. However, if you are aggressive i.e. scalping on retracements, etc. you might be looking at 4000 and above per week but that will be bordering on overtrading.

Monday morning : 9/28/09

It appears that the few of the buys are trying to position themselves on top this morning....

any recommendations?

wait to finish a London session and you will have a better view.

One other question. Is it required to leave your computer on 24/6 for this to work, or dies it reset when you re-boot?

Murph.

R u using the spread as an indication?
Have you found out the limit?? a range indication would be good..

To answer your first question, yes I use the spreads between buys and sells as an indication.

Your second question... One really should do their own homework! However, I look for a percentage increase of about 10% after the spread has contracted for a fair amount of time and 10% decreases after the spread has expanded for a fair amount of time.

Obviously you need to monitor the spread for a significant period to understand what is happening.

Hi everybody -- First post on this thread.Would like to thank trader101 for giving us this system and everyone that contributed so far.

I Am about a third of the way through the thread but coulden't resist dipping my toe in the water so to speak.

Both anchors moved 1 position down / up and both indicate a sell ( gj is a buy that moved down 1 position and gchf is a sell that jumped up 1 position. Gj has since moved back up to top position in the screen shot. ) So double confirmation and also spread has widened from 60 + to 80 +,another good sell sign I believe.

I.A. account only been running a couple of days.Position is 130 points negative at the moment.Is this normal drawdown and am I grasping it ok so far ?

Any answers gratefully accepted.

Hey guys, lurking this topic/strategy for a while now and I find the strategy very refreshing to say the least. I would like to sign up for the tutoring class, but as always I would like to know somebody his experiences with the class.

I hope you guys keep getting the pips with this nice method! (and please do not let this topic fade away as it did for awhile!..)

regards
jeroen

a good week for basket to be opened LONG. Anyone confirm that?

10/20/09 morning,

went in short all pairs...

60+pips so far...

I mean 10 / 2 / 09...

sorry, not 10 / 20 / 09...

I have read thru this whole thread of about 170 pages, and still can't understand the concept.

Tried setting up demo account and testing.

But, just can't figure out the entry point!

More testing next week.

The problem is that this concept has not been fully explained anywhere. Everybody is trying to explain in his/her own way. Moreover,the trader who started this thread has stopped posting any update and replies at all. I don't know,how to get this system in the correct way. And i think,the trader who starts a thread,should be responsible for the posts and questions of other traders who are visiting his thread. And FF should also make a rule regarding this for all the members.

Mate, the system is explained in the first page. just read. Th problem of all the people is to understand the system and this is the real problem.
So, read the first post again and again and again, and after that open a demo account for IA and the second demo for opening the basket/pairs at your choice.
after couple of months of trading and trading and trading please write here all you will discover by practicing th system.

Hii.. The Basic is the consept ... very basic that most people will skip this simple words... no need extra rules anywhere.. Actually J`s want us to learn the BASIC. never give the fishing rods but just give the picture of it. so we have to decide which is suitable for us use to catch fish... 1000pips/week is logic 3000pips/week also logic if we do the practical... Try it and belive your eyes for it.. Peace.

Dude, for start and making money, only the first few pages are enough, T101 has explained it properly, rest all is debate and no useful content for the beginners. ohh my god you dont need to read all the junk in all the pages, many people just wrote some stuff which is not related to the system.

Let me know what difficulty you are facing, i may be able to help you.

you just have to trade two pairs not all 14, and make money. go slow

What problem are you facing, its really really very simple, let me know where you are stuck i may be able to help you.

I want to address few members here regarding their posts.Neither i am a friend of trader101 nor i have some personal link with him.So please don't think like i am writing this because of such reason.But i am writing this all just to make you all know that this system is really great.But you have not understood it,it doesn't mean that the system doesn't work.
what problem you guys are facing? I would suggest you not to read the whole bunch of pages,just select the posts of trader101 and read them atleast 3 times(per post).I am sure that you will be enthralled by this.
I am trading this system myself.And very happy with the results.But it doesn't mean that i learned it in my dreams.No,it can't be true. But i gone though all the posts of trader101 on FF.Moreover,i tried to read his posts on www.Fxfisherman.com also.And maybe most of you don't know that his system is available on www.forex-tsd.com also.There he writes as 'Pipscorer'. I can give guarantee to all of you that if you go through all of his posts on all the above sites,then no reason would be there not to understand the method.

I never involved in the debate of questions as you people are doing because i understood very well after reading few initial posts of trader101 that his style of explanation is quite enough to make me reach my goal of understanding this.

Here are few tips for you new comers-
1- Only read the posts of trader101.
2- Do start from the very 1st page(1st post).
3- Use the indicators which he has attached in his posts.Don't pay attention to anyone else's.If you use other people's EAs,indi then YOU WILL BE RESPONSIBLE YOURSELF FOR ANY LOSS.
4- Open 2 demo accounts and start practising the method.It will make you more confident to use it.Also it will let you know the risks involved.
5- If face any problem,then contact any memeber for the clarification-BUT AT FIRST TRY TO SOLVE IT YOURSELF BY READONG trader101's POSTS.

I am sure,my post will help many of you.I am in trading for last many years.I was using many systems before.And i got success too.My trading pool is full of systems,softwares and e-books.Few were scams but many were good also.BUT i was always following the concept of increasing lots and make 50-100 pips per day(like most of the forex traders want to do).In addition,i always had to use Support and resistance,Pivot points,trend lines,MAs, Double tops and so many other technical things.BUT when i started using Trader101's method,my trading got changed completely.I can understand the difference between his system and other hundreds of systems because i have spent countless nights before my computer to learn the old charts,check the candlestick formations etc. Only a trader who has learned technical characterstics of forex,can understand the difference between trader101's system and all the other systems of this world.When i use his system,i am always feeling fresh because i don't have to take much tension of technical analysis which i was doing before.

Anyways,my post is already long.Hope,it will help other members.If you have anything to ask then you can.But i have my own trading to do,so no non-veg questions please.
PS:No need to ask questions about the 2nd and 3rd phase of this method(i know many of you,would like to make 15000 Pips per week,without reading even the first phase of system) because i don't know them.The only person who knows is trader101.So contact him directly.When i will learn them,then will use for my trading because to get successful in trading,one should concentrate on trading.Moreover,i have lots of patience,so i will learn those advanced phases after getting mastery in 1st phase,which will happen soon(i hope). I praise trader101 that he was managing to share this system with us all and replying hundreds of stupid(as well as intelligent) questions.

Have a pip filled trading.

Newbies,
Forex_insane has said it all, just follow his advice and it will be well with you all. I was once a newbie by this time last year but now that T101 has led me to the cave of treasure (mother lode), I have been busy collecting pips. That is why you hardly see real traders coming here to rant senselessly as if T101 is owing them any other thing.
Read, read and read again and you will find the aha moment.
May the pips be with us.

love it, any dutch traders trade this method here?