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Classic price chart pattern trading with T101 14 pairs


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Re: T101 Busket Trading Strategy (T101 BTS)

 

Quick,

It also close all trades on the predefined target. Mostly the big cycle is around max 1100 pips and small cycle around 300 pips and mediam cycle like today is around 500 pips. During it way up, the small wave down normally is around 150 pips or 200 pips.

 

http://goodies4.mt4live.com/

The trail EA is just closed all trades in aroudn 504 pips profits, it does better job than me to watch the profits.

 

What the EA does is, like the EquityMoneytrail.mq4

extern double EquityTakeProfit_Dollars = 800;  //close all the trades when the profits reached 800 dollars.
extern double EquityStopLoss_Dollars = 100.0;    //stoploss, close all the trades when the profits reached -100 USD drawdown. 
extern double EquityTrigger_Dollars = 200.0; //trail start /triggered at when the profits reached 200 USD.
extern double EquityTrail_Dollars = 100; //trailstep is 100USD per step. 

 

My profits was 303 at the moment I put the EA on, now all the trades are closed when the equity reached 643 and backdown to 543 to the trailed stop, so I hade 543 pips profits for this operation. right now, no positions.

 

http://goodies4.mt4live.com is a real cents account at liteforex.org was started 2009-09-14, started from balance 1446 USDcents. (it was a badly damaged account by testing all kind of stuffs). I have total 4066 USDCents there now less than one month.

 

Before, the account http://goodies3.mt4live.com was a demo account had total 6 trades.

 

Well done finimej. Great job.

 

Patience and perseverance pay off.

 

 

By the way, I still thinking that you must open another thread and explain all detailed things on systematic way for newbies understanding, when you got time. Some of us just need to look at the chart posted, but others ... you know. You can make a great thread.

 

mvh

Don't study roots while others pick up the fruits.
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Re: T101 Busket Trading Strategy (T101 BTS)

 

I also had two long baskets, but closed too early... missed lots of pips... :((

This where start to train you as swing trader, to be able to see the major trend and hold thereafter.

 

As the index is doing a bottening process and turn the trend to upper. the index is in the initial phase of upptrend. so if you have buy position, one can just hold it until it turn profits. Me too, also need to train myself on better exit. normally, a small wave need 24 hours to develope.

 

by the way, if you use the equitymoney trail EA, and let it do the job for you, so you won't get out too early.

TP=1000 for big wave

TP=500 for small wave.

SL=1000, in order not to get stoploss out.

trigger= 100,

trailstep=100, if you are using the 0.1 lots. trailstep can also put to 300, if you want to have bigger profits for the entry.

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Re: T101 Busket Trading Strategy (T101 BTS)

 

The index is consolidating and now at this moment formed a triangle the point down, this actually is a bull triangle. But the blue line in the picture above also talk about the index "may" revisit the previous bottom, so this two scenariot canceled each other. when uncertainty, hold. no positions.

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Re: T101 Busket Trading Strategy (T101 BTS)

 

Thanks Quick for step in.

 

In thread number one, I added on 091005, equity trail in percentage, equity trail in aboslute dollar term, downlaod at

http://www.formulatrader.com/download/equity_trail.zip

 

This is an EA, that you put on any chart to trail your equity, when you are away from computer. Like my buy operation last night, was up o 500+ pips this morning, now it is down to 255 pips. So I made the Equity trail EA based on steinitz Equity trail robot. If I hade this Ea, I shall stopout on at least 400 pips profits.

finimej, thank you for re-introducing the concept to the forum. This EA certainly will help as these medium term trades take time to mature. I came on board late, so got into the long trade near the top, but still managed 200pips profit. If I had used this EA, it could have added another 100 pipsto the long. The pink line was when I went short, for a "quick" 14-hour 100pips profit.

http://stashbox.org/653462/T101.jpg

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Re: Classic price chart pattern trading with T101 14 pairs

 

I am in with BUYALL..."price" breakout trought triangle, pull back and bounced..so I entered. Will see... >:)

 

http://i37.tinypic.com/2v0y7op.jpg

 

Ok, update, It seems I did well...its now around +180pips

http://i35.tinypic.com/ety5qu.jpg

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Re: Classic price chart pattern trading with T101 14 pairs

 

All my friends, welcome onboard!

This is my guess for the coming days as well. The major trend is upper trend. But I expect a retracement at the previous low resistant level which is also the fib-level. See text in chart.

 

http://www.formulatrader.com/download/bild/t101chart19.gif

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Re: Classic price chart pattern trading with T101 14 pairs

 

Thank you finimej for starting this thread and bringing this system to my attention. This is the type of trading style I've been looking for. I will try it. I appreciate the analysis and predictions too, which have made this system even more interesting to me. \m/

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Re: Classic price chart pattern trading with T101 14 pairs

 

And thank you, Don, for the T101_buyallpairs indicator.

 

Here's a link to a wave count .ex4 from IBFX that you can download. I've placed it on a EURJPY chart to give me a clue to a possible wave count on the indicator.

 

http://www.ibfx.com/tools/waves/default.aspx

 

It doesn't replace counting the waves yourself if you know what you're doing (which I don't). There's simply no program out there that can give you THE correct wave count (not even the expensive systems like Elliottician and AdvancedGet from what I've read). But it might be a good learning tool for someone as it is for me.

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Re: Classic price chart pattern trading with T101 14 pairs

 

I am in with BUYALL..."price" breakout trought triangle, pull back and bounced..so I entered. Will see... >:)

 

http://i37.tinypic.com/2v0y7op.jpg

 

Ok, update, It seems I did well...its now around +180pips

http://i35.tinypic.com/ety5qu.jpg

 

thesecret,

please keep posting :-bd

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Re: Classic price chart pattern trading with T101 14 pairs

 

All my friends, welcome onboard!

This is my guess for the coming days as well. The major trend is upper trend. But I expect a retracement at the previous low resistant level which is also the fib-level. See text in chart.

 

http://www.formulatrader.com/download/bild/t101chart19.gif

 

Nice guess finimej :-bd

Elliot and Fibo hand in hand :shand:

 

Keep posting friend..

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Re: Classic price chart pattern trading with T101 14 pairs

 

Here's a link to a wave count .ex4 from IBFX that you can download. I've placed it on a EURJPY chart to give me a clue to a possible wave count on the indicator.

 

http://www.ibfx.com/tools/waves/default.aspx

 

It doesn't replace counting the waves yourself if you know what you're doing (which I don't). There's simply no program out there that can give you THE correct wave count (not even the expensive systems like Elliottician and AdvancedGet from what I've read). But it might be a good learning tool for someone as it is for me.

This is the 'educated' version of the wave indi, that will not issue annoying messages "only for IBFX clients".

 

http://stashbox.org/655573/IBFX - Waves.mq4

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Re: Classic price chart pattern trading with T101 14 pairs

 

thanks for the wave indicator. I think that one is best just grab the basic of the wave counting and count by yourself.

I have checked the wave indicator, it does not count the wave in the way I agree. I wont use the wave indi at all. Thanks anyway.

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Re: Classic price chart pattern trading with T101 14 pairs

 

Here is my wild guess for the coming week. All my reasoning text is in the picture. The SP500, Dow Jones is near it resistant level, and CompQ is at it resistant level. VIX was upp to 29 and down to 23 again in friday. so I think we will have a period for congestion, or consolidation area. There is no sharp turn, but a shift of sentimental is in processing. So my not so bullish mind affect my guessing for the comming weeks.

 

There is no direct connection between the forex 14 pairs index here and the major stockindex. However, the major stockindex such as SP500 does affect the sentimental, and sentimental affect the forex 14 pairs index.

 

This just my TA chart analysis. You are welcome to contra with your chart.

 

Monday, USA market is closed for holiday, The market is going no where. this even more support my congesting scenariot.

http://www.formulatrader.com/download/bild/t101chart21.gif

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Re: Classic price chart pattern trading with T101 14 pairs

 

Hi Finimej...I have donwloaded the T101_Buy All indicator from the thread, but does not function will attached to the chart, can you help me on this, any proper setting to make it work? By the way i am using ibfx demo and live for my trading.....

 

regards

 

massa

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Re: Classic price chart pattern trading with T101 14 pairs

 

Late last week, I did a buyall (blue vertical line) when the indi bounced up from the confluence of Red Support Line and 50% pullback. Currently 400 pips profit, locked in 280pips, but will close all when the indi hits 61.8% mark

 

http://stashbox.org/658065/t101.jpg

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