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Simple Trading Method with trader101

  • #2,621
  • Oct 26, 2009 12:02pm Oct 26, 2009 12:02pm
Quoting jack ong
thx for trader101 for the update~~
Malaysia boleh~~ haha

beside that, do anyone have the excel for the universal pairs excel ??

still at last.. thx for the trader 101 totally!! thx for your kindness and keep caring all of us.

sincerely
jack ong
Hi

What is this malaysia boleh thing that i see cropping up every now and then?
is it a joke or a greeting?
  • #2,622
  • Oct 27, 2009 3:21am Oct 27, 2009 3:21am
Quoting mac1956
I have been testing simply the anchor points - If it is a sell in the profit anchor point I trade it long when it hops down one position, if it was a buy then I short it.
If it is a sell pair in the lower (loss) anchor point then I short it, and if a buy in the loss anchor I trade it long. I do this at the first hop out. I have gained just over 300 pips in 9 trades (two losers). Now I know this does not compare with the profits you are reporting, but it is a start, and it appears so far to be consistent. I am going to start with cash trades on...
hi mac1956 .. when You closed yout TP and SL position? when those pairs switched back ? and how was big your SL

sorry about english i hope you understand my question
  • #2,623
  • Edited 3:19pm Oct 27, 2009 8:21am | Edited 3:19pm
Quoting InDjaLV
hi mac1956 .. when You closed yout TP and SL position? when those pairs switched back ? and how was big your SL

sorry about english i hope you understand my question

Hi,

I have a profit target of 150 pips and a trailing SL when in profit. No single trade has achieved the 150 pips and all have stopped out apart from one loser which I took out manually. Best single profit is + 87. The consistency even at this simple level is truly amazing considering how easy the set up is. I want to learn more about the behaviour of the pairs so I can better understand the more adventurous trading options.

I have created a second set of 8 currency pairs now which I have calculated the negative correlations for (minimum of -92% or above). I will run this side by side with the original pairing (separate accounts) to see what happens as I'm not sure how the original pairings are calculated. Might have it completely wrong - but for my own understanding and confidence that I am using the method correctly I need to splash about for a bit.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #2,624
  • Oct 27, 2009 1:42pm Oct 27, 2009 1:42pm
Quoting mac1956
Hi,

I have a profit target of 150 pips and a trailing SL when in profit. No single trade has achieved the 150 pips and all have stopped out apart from one loser which I took out manually. Best single profit is + 87.

I have changed the pairs now and started afresh with 8 currency pairs which I have calculated the negative correlations for. I think the pairs that Trader 101 has paired up no longer all negatively correlate so well.

So new experiment started.
You have come to this thread for just over a week and you have only done 6 posts to this thread so far and you have the tenacity to think that the pairs i have paired up no longer have the negatively correlation. I think you are a GENIUS. First no one knows what you are trying to say about negative correlation. Do you really know what you are saying?

As a fair advice study very well the system before opening your big mouth and make sure you have sufficient data to back up what you are saying. Sorry if i have to rant at your ignorance of the system. You are one of those that always find fault in the system but never see your own trading faults.

If you think what i am saying here is wrong you are always free to go somewhere. I thought i should never post in here again....


Julius
  • #2,625
  • Edited 2:39pm Oct 27, 2009 1:57pm | Edited 2:39pm
Quoting trader101
You have come to this thread for just over a week and you have only done 6 posts to this thread so far and you have the tenacity to think that the pairs i have paired up no longer have the negatively correlation. I think you are a GENIUS. First no one knows what you are trying to say about negative correlation. Do you really know what you are saying?

As a fair advice study very well the system before opening your big mouth and make sure you have sufficient data to back up what you are saying. Sorry if i have to rant at your ignorance of the system....

I have to apologise to you sincerely - I meant no disrespect, and have to admit I phrased that really badly. Your method works even at the basic level I am using it already - I haven't found anything that compares in consistency with so much ease - so I am very grateful for it. I feel though that I have a Ferrari that I can only drive in first gear - and I am keen to improve...and the only way I can do that is to get my hands well and truly dirty. My second experiment is part of my research into understanding the deeper structure behind what you do. I think too that your own obviously long experience and expertise allow you to see subtleties in the relationships between the pairs that currently evade me - even when you explain them in the thread, I can't, despite reading the thread repeatedly, yet understand how you enter and exit the entire 14 pairs. Actually I do understand negative correlation, and it may be that it bears no relationship with how your method works and I am barking up the wrong tree - if so I will discover this as I go and my experiment will fail - and I will learn more deeply as a result. I also have a PhD mathematician who is also an experienced trader helping me review this method...so I am a humble part of a team looking at it.

I can see how my post reads as if I know better - I don't - I am on a mission of discovery. When I was a kid, I learned to build automobiles thorugh getting stuck in over my head and taking them apart, then rebuilding them. So I respect you and your method - your experience and wisdom. For me to gain my own experience and wisdom I have to get into the fabric of how it all works, get lost, try new things, experiment and find what works and what does not. So please forgive me for seeming arrogant. It was unintentional. You tell people to experiment - it is good advice - and that is exactly what I am doing. When I get it wrong I will always admit it. Oh, and I am deeply self-reflective as a trader, and I will be reading and re-reading this thread for months to come - it's full of gems and you are evidently a very clever man. I am sad that I upset you.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #2,626
  • Oct 28, 2009 8:56am Oct 28, 2009 8:56am
Hi.
In this new weak,i traded first time. Went short all on 14 pairs in the morning and within few hours grabbed +777 Pips on both of my accounts. Now,even if i don't make any more this weak,i would not be worried.

Have a nice trading.
  • #2,627
  • Edited 10:09am Oct 28, 2009 9:57am | Edited 10:09am
Quoting Forex_insane
Hi.
In this new weak,i traded first time. Went short all on 14 pairs in the morning and within few hours grabbed +777 Pips on both of my accounts. Now,even if i don't make any more this weak,i would not be worried.

Have a nice trading.

I again turn on extra IA and hedge all 14 pairs at midnight. In morning I saw sells at top , Profit calc - short.. so took all basket to short position and EA closed +600 ..
  • #2,628
  • Oct 28, 2009 12:40pm Oct 28, 2009 12:40pm
Quoting InDjaLV
I again turn on extra IA and hedge all 14 pairs at midnight. In morning I saw sells at top , Profit calc - short.. so took all basket to short position and EA closed +600 ..

That is phenomenal!
$urvive, Pre$erve & RESPECT THE TEACHER
  • #2,629
  • Oct 28, 2009 3:01pm Oct 28, 2009 3:01pm
Quoting InDjaLV
I again turn on extra IA and hedge all 14 pairs at midnight. In morning I saw sells at top , Profit calc - short.. so took all basket to short position and EA closed +600 ..
Its great buddy.
I have just closed more +672 Pips on my both the accounts. So total Pips have reached +1449.

Thanks again to the inventor of this fantastic system,our very own 'Trader101'.Because i know very well that most of the traders(even those who are selling 'forex signals' sevices) feel boastful of making 500-1000 Pips in a month.But by this great strategy,we are making it on weekly(and even sometimes 'daily') basis.
God Bless you,dear Julius.

Have a pip filled trading to all of you.
  • #2,630
  • Oct 28, 2009 3:49pm Oct 28, 2009 3:49pm
Hey experienced traders I have a question please...

Is there a relationship between the NZD / USD and NZD / JPY
similar to AUD / USD and AUD / JPY please...??

Thanks in advance...

I myself managed to grab 500 pips guys...

The more I trade with this method, the more I forget
about all the other strategies, hehe he....

Thank you Julius.........
  • #2,631
  • Edited 1:10am Oct 29, 2009 1:08am | Edited 1:10am
Quoting Gothamcity
Hey experienced traders I have a question please...

Is there a relationship between the NZD / USD and NZD / JPY
similar to AUD / USD and AUD / JPY please...??

Thanks in advance...

I myself managed to grab 500 pips guys...

The more I trade with this method, the more I forget
about all the other strategies, hehe he....

Thank you Julius.........
Hi.
These both pairs can move in the same directions.But many times even not. When they move together then the reason is the weakness or strength of common currency NZD in both the pairs.BUT if you want to get a more correct and clear situation then pay an attention to USD/JPY also and watch all 3 pairs. When NZD/USD will go up,it means USD is getting weaker and if at the same time USD/JPY is also going up then it shows that JPY is weaker than even USD(which is already weaker than NZD),so in MOST(still not 'all') cases, NZD/JPY will also be going up since NZD has become strongest among all 3 currencies and JPY the weakest one.I hope,it would help you.

By the way,i closed trades with +363 Pips just now. So total pips for this week has reached +1812.

Have a nice day with excellent trading.
  • #2,632
  • Oct 29, 2009 1:27am Oct 29, 2009 1:27am
By the way,i closed trades with +363 Pips just now. So total pips for this week has reached +1812.

Have a nice day with excellent trading.[/quote]


great profit what ir your decision to re-nter the whole basket?
  • #2,633
  • Oct 29, 2009 10:08am Oct 29, 2009 10:08am
You have got Long basket today or not ?

Regards.
Ludo.
  • #2,634
  • Edited 2:40pm Oct 30, 2009 11:30am | Edited 2:40pm
Quoting InDjaLV
I again turn on extra IA and hedge all 14 pairs at midnight. In morning I saw sells at top , Profit calc - short.. so took all basket to short position and EA closed +600 ..

So InDjaLV, you start a new IA with 14 pairs (Standard or IBFX?) at midnight(GMT?), and then 8-9 hours later check to see if the 14 pairs are neatly segregated into Sells and Buys, then if yes and ProfitC alc agrees you open a BuyAll or SellAll trade on the 14 pairs?

I've read Trader 101's explanation, and others over the past year, but a question that's unclear for me is, realistically; a.) do you have to watch the IA 24 hours a day till that one last pair moves into place, then shifts out, to present the perfect signal, or, can one successfully use a daily routine of checking several times a day (e.g.; midnight GMT, and 8am GMT) and make a trade based on conditions at that time?

If there's anyone that thinks they've nailed down the essential IA movements for ideal trade entry timing, and can make a short Camtasia or Snagit video of it, it would be appreciated.

Good luck, thanks to T101, and congratulations to all who are trading this profitably.
  • #2,635
  • Oct 30, 2009 3:16pm Oct 30, 2009 3:16pm
Hi Buddies!
Just closed more about +250 Pips,so the total of this whole week has become +2063. Now,'Good bye' till next week.

Have a nice weekend to all of the traders here.
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  • #2,636
  • Oct 30, 2009 11:45pm Oct 30, 2009 11:45pm
This week get 1210pips

Max profit near 2000pips

locked 1210pips

thank you trader101~!
thank your work~!

king regards

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  • #2,637
  • Oct 31, 2009 5:08am Oct 31, 2009 5:08am
for this week I made over +1000 pip... need more practice to start live...
  • #2,638
  • Oct 31, 2009 6:47am Oct 31, 2009 6:47am
I wasnt here for a long time......lol....I see some of you are making
killings on your demo accounts!

Firstly I want to thanks trader101 for bringin this method on FF!
As some of you know, I was with t101 from the first day,
and Im trading this more than 6 months now....majority on demo accounts,
but I gain a huge insights on market from totaly different perspective.
There is so much things behind this method.....market microstructure
is one of them, but I want go there....

There was some talk and reasarch involved in the past about what currency is leading the pack. The leader can be only USD based currency!
You need to know that market makers trade currencyes like GBPJPY through
usd based legs.....GBPJPY is traded through GBPUSD & USDJPY.
So, forget about any non usd based crosses as a leader!!!
The most responsive pair is EURUSD cos it is most liquidpair out there,
and it is closest to world universal currency!

Im trading this without using IA account, and any of old indicators.
I know Julius is gona get mad, like some of you, but I developed this method to suit me and to fit into my market perspective,
so dont jump on my back for this!!!

This mehod is definetely not suited for newbies, and if you want to trade a real baskets, you will ned a preety big account for it!
The amount of funds needed to trade this lead my way of developing something more precise and faster.....I scalp baskets simply becouse I
cant withstand the drawdowns baskets will do sometimes!

I becomed preety good at scalping them, but mostly becouse I do a
technical analysis on basket chart, along with other confimations of my
system....Im obsesed to make a pinpoint entries for baskets,
cos I dont want those bad drawdowns....if I fail, Im closin the basket
in matter of minutes! The funniest thing is my basket chart, it is based on all pairs to create a sintetick basket pair, and Im amazed how it is possible
to make TA based on something that doesnt realy exists, but it works!

This is a lot different from basic t101 method,
but like I said, my lack of money lead me to changing the method
to something different....so, dont give up guys, trader101 gived us
a method that can be milked in many different ways.......
stick to it, and develop something that will fit you,
that is the hardest part!

Regards, and thank you Julius.
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forexflash
  • #2,639
  • Oct 31, 2009 9:53pm Oct 31, 2009 9:53pm
Quoting mac1956
I have to apologise to you sincerely - I meant no disrespect, and have to admit I phrased that really badly. Your method works even at the basic level I am using it already - I haven't found anything that compares in consistency with so much ease - so I am very grateful for it. I feel though that I have a Ferrari that I can only drive in first gear - and I am keen to improve...and the only way I can do that is to get my hands well and truly dirty. My second experiment is part of my research into understanding the deeper structure behind what you...
Apology accepted…Consider everything’s cool and in future lets just avoid some abrasive words rather words of encouragement would be appropriate.

Anyways I would like to make a post about hedging and correlation. Two trading terminologies that confuse a lot of traders. The relationship of these terminologies to our system.

Correlation and Hedging

Correlation is a determined relationship between two or more pairs which could either be negative or positive. Negative correlation is the relationship between two pairs wherein one goes the opposite direction of the other pair. Example of these is the EURUSD and USDCHF. The measured difference of negative moves between the two is the percentage of negative correlation. Positive correlation is the opposite. Example of these is the GBPUSD and EURUSD. This is a relationship between two pairs that both will be moving in the same direction. The difference of the rate of moves is called the percentage of positive correlation.

Hedging a trading strategy where you buy one pair and sell another pair if they are positively correlated or buying one pair and also buying another pair that are negatively correlated. Opps sounds complicated. Ok here is an example; since we now established that EU and UC are negatively correlated, then buying EU and buying UC will have a semblance of hedging. Or the selling of GU and the buying of EU will also have a semblance of hedging.

However if you want a perfect hedge, then you sell EU and buy EU, this will never get you anywhere except losing for the spread and swap fee. This practice however is now disallowed by NFA. It falls under the category of no hedging. Well here is another hedging that will not fall under the disallowed strategy: Buy EU, Buy UJ and Sell EJ or Sell EU, Sell UJ and Buy EJ. If you calculate properly the traded lot then you will have a perfect hedge that will not get you anywhere as well.

Hedging and the Basket Trading System (BTS)

The 14 pairs that we are trading in the basket and the direction they are being traded are in hedge strategically. We could calculate the proper trading lot for each pair if we need it to fall under the category of perfect hedge. But what is the point? The lot size was intentionally left as 1 unit in order to create an imbalance. With this imbalance we allowed the pairs to swing either in the positive or negative portion thus creating a synthetic trend that will guide us in our trading.

With this explanation I hope that clears some misunderstanding of what we are doing with the BTS.


Julius
  • #2,640
  • Edited 5:47am Nov 1, 2009 4:54am | Edited 5:47am
Quoting trader101
Apology accepted…Consider everything’s cool and in future lets just avoid some abrasive words rather words of encouragement would be appropriate.

Hedging and the Basket Trading System (BTS)

[font=Verdana]The 14 pairs that we are trading in the basket and the direction they are being traded are in hedge strategically. We could calculate the proper trading lot for each pair if we need it to fall under the category of perfect hedge. But what is the point? The lot size was intentionally...

This is a great post - on many levels - both personally (you have my deep respect) and also in terms of insight into how the pairs are dynamically related. This is quite brilliant - and it sheds useful light on understanding how it drives the system - we have work to do to fully grasp the ingenuity of this. When we do, we'll make a point of contributing to the thread in a way that pays back the time and sweat investment of others - especially you T101.
$urvive, Pre$erve & RESPECT THE TEACHER
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