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Jaquemate Nov 21, 2012 12:35pm | Post# 1

7 Attachment(s)
I go to show a simple system for Basket trading. I am using actually for Basket V.6. It works and could be profitable in short term. If you don’t know how install the indicator you can read the thread created by Kosmolate. I thank his efforts and contribution.
First all we must be determine the trend. We can use whatever you want for it, HA, EMA, Ichimoku, etc. I use 21 EMA and Ichimoku (5,10,20).
When a Bar close above Ichimoku trend is UP and we only put Buy orders.
When a Bar close below Ichimoku trend is DOWN and we only put Sell orders.
Now we go to look to a special 1h bar. I call it Range Bar. Its simple, look at a bar that engulf following bars inside its range.
Draw two lines at low and high of this bar.
In an UP trend: When price touch drawed line of Low Range Bar enter a Buy position.
In a DOWN trend: When price touch drawed line of High Range Bar enter a Sell position.
Close partial position at target 1 (other line of range). Close rest when a bar close below/above Ichimoku with strong or a fixed 1000, 1500…. pips. All depend of your MM.
And thats all. Simple.
See the chart attached please.
Apologize my English please.
All the best. Regards.
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Basketv6.mq4
READ ME FIRST.txt
Ichimoku.mq4
DoublecciWoody.mq4
Jaquebt2.tpl

FxSwordfish Nov 21, 2012 8:14pm | Post# 2

Jaquemate,

Could you clearly define "range bar"? In your 2nd pic, your so called "range bar" was just a large bar. It does not look like an engulfing candle, unless you meant engulfing of the following candle?

sepramfx Nov 21, 2012 10:29pm | Post# 3

I thought am the only one that's confused. Can u clearly re-explain what u mean by range bar? Tell us more on how to identify it please
Jaquemate,

Could you clearly define "range bar"? In your 2nd pic, your so called "range bar" was just a large bar. It does not look like an engulfing candle, unless you meant engulfing of the following candle?

atlantisadam Nov 21, 2012 11:52pm | Post# 4

i don't know what is Basket trading. can you explain it for me?

Jaquemate Nov 22, 2012 2:43am | Post# 5

Jaquemate,

Could you clearly define "range bar"? In your 2nd pic, your so called "range bar" was just a large bar. It does not look like an engulfing candle, unless you meant engulfing of the following candle?
Thanks for the question FxSwordfish.
My problem is my limited English level. I hope you apologize.
Ok, forget the word “engulf bar” please.
When I say “Range Bar” I am talking about a bar what breakout a previous range of price and close out the range. When the bar closed most time following bars are oscillating within it creating a new range of price. Spikes of the following bars go out the range but no bar closed out.
I hope you understand me.
All the best. Regards.

Jaquemate Nov 22, 2012 3:00am | Post# 6

1 Attachment(s)
Hi all:

This is the trade of today. Buy @ 77.25. enter 2 lots, mini, micro. First lot close at target 80.25 (+300).
No stop. Close position if a candle close below range support.

Regards
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Jaquemate Nov 22, 2012 4:07am | Post# 7

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Ok target 1 achieve. +300 pips. Second position still open and BE (+330 now).

You can see how new bar breakout the range. This bar can form a new range or not. If price reverse and touch support then enter a new 2 lots position at 78. Target 1 at 80.70 (+370).

But if a bar close below 78 and close below clouds with strong it could be a new Down Trend. Almost for me.

All the Best. Regards.
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Jaquemate Nov 22, 2012 9:21am | Post# 8

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Well here we go.
Price touch support at 78 and enter Buy 2 Lots.
Regards.
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futurespec Nov 22, 2012 10:11am | Post# 9

Hi Jaque,
Thanks for showing your simple system.
So simple I cannot understand it fully, sorry.

Could you explain when you move your ranges please.

I understand that when new close > prev range high (buying) you use that new bar for the new range (1)
BUT ...
If the very next after that bar also closes above that new range (1) do you move that range up again (2) or just wait for a pullback of the first new range (1).

What I mean is when do you disregard (1) and go on to look for (2) ??

M.

Jaquemate Nov 22, 2012 12:39pm | Post# 10

2 Attachment(s)
Hi Jaque,
Thanks for showing your simple system.
So simple I cannot understand it fully, sorry.

Could you explain when you move your ranges please.

I understand that when new close > prev range high (buying) you use that new bar for the new range (1)
BUT ...
If the very next after that bar also closes above that new range (1) do you move that range up again (2) or just wait for a pullback of the first new range (1).

What I mean is when do you disregard (1) and go on to look for (2) ??

M.
Thanks for question futurespec. you are wellcome.

See the chart attached please. I hope help you.

All the best. Regards.
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Saintsurfer Nov 22, 2012 1:00pm | Post# 11

Why you call it basket trading system? And what time frame you usually trade this method? Maybe there is something I don`t understand, thanks.

ckyon1 Nov 22, 2012 1:04pm | Post# 12

Why you call it basket trading system? Maybe there is something I don`t understand, thanks.
Refer to this thread here http://www.forexfactory.com/showthread.php?t=391229

Jaquemate is showing you his way of trading basket

Jaquemate Nov 22, 2012 1:08pm | Post# 13

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We are in loss now. See the chart please.
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Jaquemate Nov 22, 2012 1:09pm | Post# 14

Refer to this thread here http://www.forexfactory.com/showthread.php?t=391229

Jaquemate is showing you his way of trading basket

Thanks ckyon1: i forgot attached link.
Wellcome.
Regards.

Jaquemate Nov 22, 2012 1:26pm | Post# 15

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25 minutes of new bar and price dont break the cloud. Good signal. If this bar close below cloud i closed trade in loss.
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futurespec Nov 22, 2012 2:53pm | Post# 16

Thanks for response.
Sorry again but still noyt totally got it .........

Looking at your rely post #10......

Range is set at 9.
Assuming that buy point is NOT reached at 10. would you move the range up to the new bar that closes above 9. range at 5 bars later (and also again 1 bar later) or would you wait for a retrace to the buy point of 9. ??

Thanks,

M.

Jaquemate Nov 22, 2012 3:31pm | Post# 17

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Thanks for response.
Sorry again but still noyt totally got it .........

Looking at your rely post #10......

Range is set at 9.
Assuming that buy point is NOT reached at 10. would you move the range up to the new bar that closes above 9. range at 5 bars later (and also again 1 bar later) or would you wait for a retrace to the buy point of 9. ??

Thanks,

M.

Hi futurespec. thanks for question.

If Buy point is not reached at 10 there is no Buy order and you must wait untill a bar close above the range. When it happen this new bar is a new bar range until the range is broken. Every bar what close above/below previous range is ever a range bar… And it happens all time, again and again.

I don’t know if I explain it correctly. English limit my explanation capacity.

Regards
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futurespec Nov 23, 2012 1:37am | Post# 18

Thanks Jaque

Good explanation and your English is good enough.... it answers my question and I understand now.

What is it that you are trading on those charts?
What do you normally trade with this idea?

Thanks again

M.

Jaquemate Nov 23, 2012 2:35am | Post# 19

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Hi all:
I closed yesterday open position in minimal loss.
A bearish bar closed below previous RB and Ichimoku clouds forming a new RB. It could be the start of a bearish trend or only a pullback of bullish trend. Nobody knows. Only i can is follow the trend and enter position with small risk... and see what happens.
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Jaquemate Nov 23, 2012 2:43am | Post# 20

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56 minutes ago i enter a Sell order at 79.
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