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Simple Trading Method with trader101

  • #2,861
  • Feb 17, 2010 12:16am Feb 17, 2010 12:16am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting trader101
Hello guys,... I have notice that most of the postings are now bordering showing-off rather then helping others.I would really appreciate if you hold your posts if you feel that it has NO educational relevance to it. This thread is getting longer unnecessarily and it becomes annoying reading all those nonsensical reporting of what you profited.
Totally agree with Julius. We should try and post what is of educational relevance instead of making this thread like a personal journal for some traders.
I have seen the enemy, and it is me.
  • #2,862
  • Feb 17, 2010 12:18am Feb 17, 2010 12:18am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting trader101
This is a thread for a system not some journal of some traders. Please respect the reason why we are here. If you think you need to tell the world that you are making good in this system and that you can record it for posterity, may I suggest you open a Trading Journal in another section of this forum.
I might put you in my ignore list thus suspending your privilege to post in this thread.In summary, be considerate for other that may come behind you and read this thread.
I dont think many of us are interested in how good or bad some are doing. Instead posting trade analysis or showing others how the strategy works will be of infinitely more value. And Julius will be less annoyed for sure.
I have seen the enemy, and it is me.
  • #2,863
  • Feb 17, 2010 11:12am Feb 17, 2010 11:12am
Quoting Jey
I dont think many of us are interested in how good or bad some are doing. Instead posting trade analysis or showing others how the strategy works will be of infinitely more value. And Julius will be less annoyed for sure.

I just saw the ideal position on my IA, I am using fxpro on a live account. Now waiting for the switch to take place.

To all of my fellow traders, check your IA and act according to the teachings of this superb system.

Kind regards.
  • #2,864
  • Feb 20, 2010 6:23am Feb 20, 2010 6:23am
Quoting mkashifk
I just saw the ideal position on my IA, I am using fxpro on a live account. Now waiting for the switch to take place.

To all of my fellow traders, check your IA and act according to the teachings of this superb system.

Kind regards.
Can you post the IA?
Which starting date your are referring?
  • #2,865
  • Feb 25, 2010 8:03pm Feb 25, 2010 8:03pm
HELLO FOREX COMMUNITY;

I would like to share some of what has worked for me and what has not,
it may be helpful to some people who are trying to learn this strategy.

Most of the baskets that I opened up on Sunday night through Tuesday
have generally not made money, and hit the stop loss. I use only IA
to determine my entrance points and nothing else. I have been using this
strategy for almost 8 months now.

Even when all buys or the sells settled at the top or at the bottom and I open up my basket, I often lost money.

But when a reversal is taking place, that is all the buys are switching positions with the sells, then I open my position, I had >85%
success. It's just like the first 10-20 pages that has been provided to us
by Julius. When the buys and the sells are fighting to reach the top,
this is the best opportunity I believe.

I am glad if this post can help anyone to make money...
Be patient, don't trade Sunday nights, and you will
make money...

Take care guys
Thank you Julius...
  • #2,866
  • Feb 25, 2010 9:41pm Feb 25, 2010 9:41pm
Hello Gothamcity,

Thank you for the great feedback regarding your success with the BST. I could use your help with your method of taking BST trades when you see the 7 BUY and 7 SELL pairs begin to shift top and bottom positions. How do I make sure the beginning of the pairs shifting places isn't simply a temporary retracement of the over all trend? I really don't want to get caught in a retracement and not be able to overcome the initial negative balance the pair's spreads cause.

Thank you Gothamcity,

=)
  • #2,867
  • Feb 26, 2010 3:00am Feb 26, 2010 3:00am
Quoting Gothamcity
HELLO FOREX COMMUNITY;

I would like to share some of what has worked for me and what has not,
it may be helpful to some people who are trying to learn this strategy.

Most of the baskets that I opened up on Sunday night through Tuesday
have generally not made money, and hit the stop loss. I use only IA
to determine my entrance points and nothing else. I have been using this
strategy for almost 8 months now.

Even when all buys or the sells settled at the top or at the bottom and I open up my basket, I often lost money.

But when a reversal...
My rule of thumb is open when the range is +/-100 pips for the anchor pairs. Definitely will not occurs on one first day (I always ignore the first 8 hours). Pretty interesting this week when basket bias a direction but no entry from me. Reason is because the rule of thumb above. Will post on my site when the week ends.

My connection went down on the third day so there will be missing data.
  • #2,868
  • Feb 27, 2010 10:44am Feb 27, 2010 10:44am
As we continue to improve our trading methods and learning mistake from others and also the past experience help us to become more reliable and confident trader. Here we are, another victory trading experience we gained.

Here again thanks to Julius for his sincerity to share this wonderful method as he quoted before, this method it like a cave full of treasure. It depend how we going to mine this unlimited treasure.

For more information can check trough my blog
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  • #2,869
  • Feb 27, 2010 11:09am Feb 27, 2010 11:09am
your floating DD essentially eliminates your close profit

and your blog tries to get people to pay to copy your trades?
  • #2,870
  • Edited 10:23pm Feb 28, 2010 9:31pm | Edited 10:23pm
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Excellent observations Sim.

Also its really not a big deal to show off my own trading results here, but we need to respect Julius's wishes so I restraint myself from doing it. There is nothing educational about posting my results week after week here other than being an exhibitionist. But the point is this... it doesn't really matter how much you have gained when your DD punches a big gaping hole in your account. Amateurs look at how much they can gain, pros look at how much they can avoid losing. Big difference.
I have seen the enemy, and it is me.
  • #2,871
  • Mar 1, 2010 2:29am Mar 1, 2010 2:29am
Quoting Jey
Excellent observations Sim.

Also its really not a big deal to show off my own trading results here, but we need to respect Julius's wishes so I restraint myself from doing it. There is nothing educational about posting my results week after week here other than being an exhibitionist. But the point is this... it doesn't really matter how much you have gained when your DD punches a big gaping hole in your account. Amateurs look at how much they can gain, pros look at how much they can avoid losing. Big difference.
I agree with you Jey, btw what could be useful for traders that are still struggling learning bts is to show how and why a basket was opened , so that we can discuss toghether new bts approach to refine entry/exit as Tallman is doing

Cheers,
Skyline
  • #2,872
  • Mar 1, 2010 6:16am Mar 1, 2010 6:16am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting skyline
...to show how and why a basket was opened , so that we can discuss toghether new bts approach to refine entry/exit as Tallman is doing
Exactly sky, and this is what makes the discussion more value added ....
I have seen the enemy, and it is me.
  • #2,873
  • Mar 7, 2010 3:08am Mar 7, 2010 3:08am
Again with the proper risk and money management, we can using this bts method in any types of market condition. For further trades detail, you can check it in my blog at the mti4.com section

Last month Feb 2010 performance.

1st March 2010 as below
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  • #2,874
  • Mar 13, 2010 5:15am Mar 13, 2010 5:15am
After some discussion with trade101, found that there are a lot of complaints about my post on this thread that had demotivated them. So, after taken the suggestion from trade101 I will posted my trading experience with the thread called "Basket Trading System with ivanyongforex".

Feb 2010 performance.

1st March 2010 Performance

8th March 2010 Performance

Hope will not create any problem with others with this journal thread.

Goodluck to all Basket Trading System Lovers.

Remember to put credit to our founder of this system trader101!!!
  • #2,875
  • Mar 17, 2010 3:00am Mar 17, 2010 3:00am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
De-motivated is probably not the right word, maybe disgusted is a lot closer.
I think most of them were so disgusted, no one discusses in this thread anymore since the start of this fiasco.
I have seen the enemy, and it is me.
  • #2,876
  • Mar 20, 2010 4:48pm Mar 20, 2010 4:48pm
The eur/chf acted like an extreme pair after Wed. this week...
I've never seen this happen...

can we learn anything from this? any comments?
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  • #2,877
  • Mar 20, 2010 5:03pm Mar 20, 2010 5:03pm
Hello jicssbr ;
In my opinion and experience, there is no firm method to determine if a movement is a reversal
or just a retracement. If you re-read the thread, many people
have different approaches to determine this.
Tallman has responded with a good answer in my opinion.
I recommend that GU and GJ be monitored closely.
It is a big deal to kick out GU or GJ out of an anchor position.
For those of us living in eastern US, if you are serious about
this method, I suggest to make an attempt to get up early to catch to London session, at least for a while.

(I got a question...
I got this software to automatically take pictures of the monitor display BUT my monitor goes black when
I am not using the computer.
How do I stop my monitor to automatically go black after a while???)

I hope that helps;
Thanx everyone;
Good luck to everybody...

The GU and GJ importance can be found on page 142, post#2128:



Quoting trader101
Pairs that travel the most distance in my observation are the GJ and GU on one side and the EG and GC on the opposite side. I call these pairs the Extremes and watch them closely in and equal interval. The movement of these 4 pairs also hints us the overall market direction. Over the week these pairs will runs to its spot and sometimes settles on that spot for the whole week, thus giving is the indication that the market trend is steady and strong. Many more observations and patterns are developing if you really put yourself into it.
  • #2,878
  • Mar 26, 2010 7:45am Mar 26, 2010 7:45am
Hello GothamCity,

Thank you for the reply. I really appreciate the information. Regarding your black screen, it sounds like your computer is going into hibernation or sleep mode due to inactivity. If this is the case, you should have an operating system setting that will allow you to keep the computer from going into this mode. Hope this helps.

=)
  • #2,879
  • Mar 26, 2010 7:57am Mar 26, 2010 7:57am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Gothamcity
(I got a question...
I got this software to automatically take pictures of the monitor display BUT my monitor goes black when
I am not using the computer.
How do I stop my monitor to automatically go black after a while???)
:
Control Panel
power settings (here you will find the power save option to turn of the screen after XXX time)
also you need to turn of the screen saver

only issue with this is potential to burn the screen pixels/cells - not sure how this effects the newer LCD's but i know it's happened on older screend and also on plasma's
  • #2,880
  • Mar 26, 2010 9:37pm Mar 26, 2010 9:37pm
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Gothamcity - what software do you use for the auto picture taking of your monitor? That is one good way to monitor the movement.
I have seen the enemy, and it is me.
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