Basket Knights - A Basket Trading Round Table

Trust me and read this thread...this issue has been handled.

Maybe your broker offers Pairs with suffixes and/or prefixes? E.g. EURUSDm, jEURGBP, etc.

As long as you get those script messages, then the script is working I believe.

Keep trying, don't give up.

Regards and Stay fluid,

Ty

Great, ignore the post above then.

Regards and Stay fluid,

Ty

I entered a 'Buy' on RB7 a couple hours ago and it just broke even.

I am a bit concerned that it will retrace as my indicators are showing overbought.

I sure hope the Tidane is telling me good things. lol

I entered long with C5 AND C14 H4

Robots4me

What do you suggest to manage trades for RB7, similar to the 'BasketTrader v7 for C15 and C14

Thank you

Hello
What is the best setting for Tidane ?
28:3 or original 20/ or other I've seen here ?
Thank you

Please stop asking questions like this. Read the thread and then decide for yourself. There is no "best setting" for anything.

No matter what settings you choose, you will arrive at the same place if your money management and market awareness is sub par.

I use TD 20,2 | TD 20,3 | TD 28,3 (depending on my take on the market at that point in time).

Bishop Dotun uses TD 28,3

R4M uses TD 12,3

Others use other settings.

YOU decide what YOU want.

By the way, the market is ranging at the moment (IMHO). Take note.

Regards and Stay fluid,

Ty

Hi LifeHunt3r, I am read your post number 890 about scalp in M15 and EAX, i will try in a demo account... Could you share your set for the EAX and the template for the #C8#H8 chart, and howto I obtain the chart #C8#H8, this is an offline chart..., because the indicator you share in the thread, BaskertChart2, is use in a normal chart not the offline, rigth...
Attach the chart I obtain running the BasketCart2 and the EAX running in M15.

Thanks a lot
Eduardo

Just start with whoever's setting and fine-tune it to make your own. There are no "Magic" settings. I personally stick with a setting for a couple of months until the market starts to range like now. For me, that's on the H4 time frame and once the market continues to resume a trend I will form fit the setting to my likings to current market conditions and not the past as we don't trade the past. Hope this helps. This is when patience comes into play as a trader especially on higher TF's.

Dave

C14 also turned.... another -2500

Note: Basket trading isn’t all fun. You learn to cut the losses short and let the winners run.

While -4,000 pips loss is NEVER fun, Basket veterans know that that's chump change where basketting is concerned.

Once we're done with all this Trade war and UK elections drama, we will get back to hauling in those megs pips.

For me, the prevailing range means that I'm only interested in taking DC trades. It keeps me out of whipsaws (and, yes, potential breakout runners) but that's the nature of the market as I see it at the moment.

As usual, I appreciate your immense contribution to this thread. Thank you.

Regards and Stay fluid,

Ty

I'm basically doing the same thing but opposite/in reverse (i.e. once C5 H4 TD 20,3 signals a Buy basket).

I'm mobile now. Will upload updated visuals as soon as I can.

Regards and Stay fluid,

Ty

Thanks a lot
I understand

Somehow we have to devise a means to detect this kind of occurrence. The Tidane, in this case, was too long, I wonder if we should be using three lengths, ie like 15 20 25 or similar to warn of problems about to occur. Or perhaps an oscillator combination.

I placed that NH98 Template on C5 4 hour to see what I can glean from that as days pass.

The Long Tidane is just not gonna do well in a range-bound market, we have to find a better tool.

C5 H4 (TD20,3) is now signaling a Buy basket.

As promised, here's an updated visual from my last C5 H4 Sell plotline showing my gameplan for this new Buy basket...

My previous Sell gameplan "saved" me from taking C5 Sell trades.

Regards and Stay fluid,

Ty

A screen capture of my CJ buy just before it banked...(+1,461 pips when it finally banked)

Regards and Stay fluid,

Ty

Trading Nuggets!:

Okay...another one of those...

Here's something ELSE I do (sometimes) when I get a Basket signal during a "rangy" period (I hope I'm not repeating myself...).

At the moment I have a Buy signal on the C14, so:
- I zoom into the "gutter" (i.e. going down and dirty into ALL the pairs which make up the C14 basket).
- I look to see those pairs which I think are SLOW starters (I refer to them as "Stragglers"). These would be pairs which are YET to begin to move in the desired direction of the Buy basket.
- Once I identify these pairs, I create a "Stragglers Basket" with them, with the plan to open trades on these in line with the C14 H4 basket direction once they begin to head in that same direction.

For example:
These are the C14 Stragglers at the moment (b=Buys, s=Sells):
AUDUSDb
EURGBPb
EURUSDb
USDCHFs
USDJPYs
*They all have terrible swaps on my broker though.

Anyway, as far as I'm concerned IF...if the current C14 Buy signal is authentic, THEN these pairs SHOULD follow eventually. But if, on the other hand, the C14 Buy signal turns out to be short-lived, and I already opened trades on these pairs, then these pairs are NOT far away from the next C14 Sell signal turning point (i.e. the potential "damage" which may occur from entering these trades at this point would be minimal compared to say...opening a GBPJPYb at the moment and holding THAT until the next C14 Sell signal).

Put another way: We are already (should already be) at the Buy basket DC zones on these pairs. What better place to open those C14 Buys than here?

Hope this makes sense (if it doesn't, just ignore and move on).

Regards and Stay fluid,

Ty

Someone might be interested in this indie...

Now...it's waaaayyy past my bedtime. Holler at y'all later!

Regards and Stay fluid,

Ty

@Blaiserboy -- I have another take on this. I think the Index plays an important role. For example, while C14 was delayed, RB7 was several bars ahead (of C14). The make-up of the Index and how well the index pairs play with one another and their inter- or counter-dependencies probably affects how promptly it reacts to a change in wind direction. Also, since RB7 has fewer pairs then it makes sense that it would react quicker (and sooner) than C14. Of course, everything comes with a trade-off. The smaller the Index then the higher probability of false positives.

It also depends what's in your Group A and Group B baskets. The pairs that you actually trade -- i.e. the Group A and Group B baskets -- may be similar or different than the Index. And it could be that delay we see in the C14 Index might actually work in our favor -- e.g. Ty's C14 Stragglers.

The hardest part of basket trading for me is I get bored and keep fiddling -- and it's my fiddling that usually gets me into trouble. I'm forcing myself to just trust Tidane (28,3) and let it do it's thing, knowing that in the end things will work out in my favor...

Interesting twist forming on the US/China Trade-War front?

This should go down smoothly with your morning brew of choice...

Trump signs Hong Kong bills; Beijing vows retaliation: Now what?

https://www.forexfactory.com/news/96...ws-retaliation

https://www.forexfactory.com/news/96...er-trump-signs

https://www.forexfactory.com/news/96...ong-protesters


SHANGHAI (Reuters) - U.S. President Donald Trump signed into law here congressional bills that back protesters in Hong Kong and threaten China with possible sanctions on human rights, prompting China's Foreign Ministry on Thursday to warn of "firm counter measures".

Mass protests for more democracy and autonomy have rocked the former British colony and more than 5,800 people have been arrested since June, with the escalating violence raising fears that China will ratchet up its response to end the unrest.

The “Hong Kong Human Rights and Democracy Act,” which the Senate and House passed last week, puts the special treatment Hong Kong enjoys under U.S. law under tighter scrutiny linked to the extent of the territory’s autonomy from Beijing.

A second bill, which Trump also signed, bans the export to the Hong Kong police of crowd-control munitions, such as teargas, pepper spray, rubber bullets and stun guns.

Britain returned Hong Kong to China in 1997, and the territory was promised a “high degree of autonomy” for 50 years. Among the key drivers of the protests in Hong Kong is the widespread perception that Beijing has been steadily encroaching on that promised autonomy.

The “Hong Kong Human Rights and Democracy Act” that Trump signed requires the State Department to certify at least once a year that Hong Kong retains enough autonomy to justify the favorable U.S. trading terms that have helped it maintain its position as a world financial center.

Officials responsible for human rights violations in Hong Kong could also be subject to sanctions, including visa bans and asset freezes.

While many see the laws as symbolic, they have the potential to upend relations between the United States and Hong Kong.

China’s promise of “high degree of autonomy” for Hong Kong has formed the basis of the territory’s special status under U.S. law.

BEIJING ANGERED
China has denounced the legislation as gross interference and violation of international law, and on Thursday labeled the United States the “biggest black hand” behind the unrest in Hong Kong.

The legislation comes at a time when Beijing and Washington are inching toward a “phase one” agreement to begin to defuse a bruising trade war that Trump has made a top priority.

Beijing has signaled that it wants to keep the Hong Kong issue out of the trade war discussions, but the new laws will exacerbate tensions in the bilateral relationship.

Separately, some analysts say any move to end Hong Kong’s special treatment could prove self-defeating for the United States, which has benefited from the business-friendly conditions in the territory.

If Hong Kong becomes just another Chinese port, this could hurt not just the city and China, but U.S. businesses too, and companies that rely on the territory’s role as a middleman, or for trans-shipping, would likely take their business elsewhere.

HOW IMPORTANT IS HONG KONG’S SPECIAL STATUS?
From a business perspective, one of the most important elements of Hong Kong’s special status has been that it is considered a separate customs and trading zone from China.

That has meant, for instance, that trade-war tariffs don’t apply to exports from Hong Kong.

According to the State Department, 85,000 U.S. citizens lived in Hong Kong in 2018 and more than 1,300 U.S. companies operate there, including nearly every major U.S. financial firm.

The territory is a major destination for U.S. legal and accounting services and in 2018 the largest U.S. bilateral trade-in-goods surplus was with Hong Kong at $31.1 billion.

Trade between Hong Kong and the United States was estimated to be worth $67.3 billion in 2018, with the United States running a $33.8 billion surplus - its biggest with any country or territory, according to the Office of the U.S. Trade Representative.

The American Chamber of Commerce in Hong Kong has said that anything that changes the status of the territory “would have a chilling effect not only on U.S. trade and investment in Hong Kong but would send negative signals internationally about Hong Kong’s trusted position in the global economy.”

Reporting by John Ruwitch in Shanghai, and David Brunnstrom, Patricial Zengerle and Matt Spetalnick in Washington


Regards and Stay fluid,

Ty