Saturday, 26 May 2012
The market was trending LONG earlier this week but T101 TM rule does not suggest LONG entry this week. The basket exited end of this week with only 57 pips gain with 14 SELL pairs. It is a ranging week with max gain in the week is about 400+ pips. The downward pressure has been negated this week but I am still following the rule.
Wednesday, 23 May 2012
Tuesday, 22 May 2012
The market is trending LONG week but I don't think I will enter this week. Only will enter if the market reverses to SHORT trend. Furthermore, my rule states no enter if market moved more than 480pips. It is now +422pips so most probably it will hit more than 480pips if this continues but it is too risk to get in now.
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Friday, 18 May 2012
I am a quite conservative when making entries based on basket system. The basket of 14 pairs can be quite deadly if the direction is against us. My entry of 14 SELL pairs was made on 13:22 server time, which is about 37 hours from start of the week (HouR 84 as indicated in the dashboard above).
Nevertheless, based on T101 system, the market "settled down" after 5 hours from start of the week (HouR 114 in dashboard). The movement of sell pair starts after HouR 111 and sell pair AUDUSD reaches top anchor and NZDUSD reaches bottom anchor on HouR 108. Based on original T101 basket trading system, we shall make entries of 14 SELL here.
For my case, TallMaN (TM) variant, only determines the directional of the market after 24-36 hours which is the second day onwards. TM variant indicates only NZDUSD qualifies as the "indicating anchor" on 13:22. I have some other rules for this. Market trend is -161 at this point of time (refer to dashboard). The reason I adopt TM variant is because it is not as "subjective" as original T101 so I can have an EA. I am quite confident the market is in my direction after 10-12 hours unless there is some major news that potentially reverses the market.
I posted my trades on the third day of the week. Eventually I closed all 14 pairs 2 hours before end of the week at profit of 1822 pips. Hope this post helps some whoever wants to understand about T101. Some rules based on TM variant is not from original T101.
Wednesday, 16 May 2012
Entered 14 short position at 13:22 based on NZD/USD anchor breakout. The purpose of this week post is to review the sign of entry based on TA for high profit pair EUR/USD and GBP/USD at the point of T101 entry. So far, both pairs are moving downwards starting this week. Notably the downwards momentum starts to grow strong upon entry.
** Correction on the screenshot: The vertical red line should mark 13hr instead of 15hr because the entry is on 13:22hr.