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Basket Trading the European Open

  • #121
  • Oct 9, 2017 10:10am Oct 9, 2017 10:10am
Well today the GBP went up.
  • #122
  • Oct 9, 2017 10:12am Oct 9, 2017 10:12am
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  • #123
  • Oct 9, 2017 11:00am Oct 9, 2017 11:00am
Hi Guys. I am in transit driving across Europe back to the UK, so I am out of the picture until next week. Take care all.
Tellboy
  • #124
  • Oct 12, 2017 2:34am Oct 12, 2017 2:34am
Today I entered GBP pairs short but exited with simple 15 pips overall, And also decided to take Long entries in AUD pairs but missed b'cos of my poor Internet connection..... Any how I am happy with Excellent Strategy .......Happy Pips....
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  • #125
  • Oct 12, 2017 3:53am Oct 12, 2017 3:53am
Today I decided batch trading, 1 traded each.
nzdusd buy 7
eurnzd sell 24
audusd buy 11
nzdcad buy 5 pips
ttl 47 pips
1 trade nzdcad buy still on.
This is not generally how I trade. I intend to go to the top of the leader board. Ten years of experience, I guess it is only fair.
My way would have been 300 trades on only Nzdcad buy, and by now 1500 pips. Thanks and
Regards
  • #126
  • Oct 12, 2017 3:55am Oct 12, 2017 3:55am
Why would you have taken 300 trades on nzdusd only? Do you take for every single pip one trade ?
  • #127
  • Oct 12, 2017 3:58am Oct 12, 2017 3:58am
Improvement is the only constant. Thanks and
Regards
  • #128
  • Oct 12, 2017 4:10am Oct 12, 2017 4:10am
Quoting stevedua
Why would you have taken 300 trades on nzdusd only? Do you take for every single pip one trade ?
No, I keep all my trades open from 7 am London to 30 min from UK news time, and get as many pips I can, as the European open strategy. You can check the main tellboy strategy. Then if there is a pull back re-enter afterwards. Thanks and
Regards
  • #129
  • Oct 18, 2017 2:54am Oct 18, 2017 2:54am
Wednesday 18th October presents us with an excellent example of this basket trading strategy at its very best. Let's see how the strategic rules were met with this currency this morning:

 

  1. All NZD pairs were grouped together at the bottom of the currency pairs strength table.
  2. All pairs had the same pattern and direction.
  3. All 7 am candles pointed in the same direction as the trend

Placing a sell stop order just below the close of the 7 am candle would have caught that 8:30 down spike on all pairs.

The lesson here is to place the stop and wait. It takes patience, but it is worth the wait. If price moves to the upside then your stop won't be touched.

Follow the rules and score. Happy basket trading to all.

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Tellboy
  • #130
  • Oct 24, 2017 2:16am Oct 24, 2017 2:16am
Tuesday 24th October. If you have your currency pairs set up and prepared in advance, it is easy to glance through them at 6:30 to check out the trend patterns. Choose the currency pairs with the best synchronicity. This morning was the turn of AUD to provide a perfect basket of trades to the downside. See the charts below:


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Tellboy
  • #131
  • Oct 24, 2017 2:32am Oct 24, 2017 2:32am
Thank you tellboy I will analyze why I chose eurnzd, eurchf buy. Primarily I am a 10 to 12 hrs day trader. But your selection is better. Thanks and
Regards
  • #132
  • Oct 24, 2017 3:21am Oct 24, 2017 3:21am
Tellboy why the long absence. Keep helping. Thanks and
Regards
  • #133
  • Oct 24, 2017 4:42am Oct 24, 2017 4:42am
Quoting goodways100
Tellboy why the long absence. Keep helping. Thanks and Regards
Sorry for the absence, but I have been traveling from Crete to UK via Germany. I also have other things to do, but getting back into the routine again now. Best to all.
Tellboy
  • #134
  • Oct 25, 2017 2:27am Oct 25, 2017 2:27am
any pairs for today ?
Work Hard In Silence, Let Your Success Be Your Noise.
  • #135
  • Oct 25, 2017 6:12am Oct 25, 2017 6:12am
Quoting keep4x
any pairs for today ?
The short answer is 'No". If you like I could indicate which pairs meet the strategic criteria each morning, or announce where there are none. Is anyone interested in that kind of 'heads up'?
Tellboy
  • #136
  • Oct 25, 2017 6:24am Oct 25, 2017 6:24am
Quoting tellboy
{quote} The short answer is 'No". If you like I could indicate which pairs meet the strategic criteria each morning, or announce where there are none. Is anyone interested in that kind of 'heads up'?
it would be great if you do like that every morning ...
im interested ...
Work Hard In Silence, Let Your Success Be Your Noise.
  • #137
  • Oct 25, 2017 6:26am Oct 25, 2017 6:26am
Me too this way we learn fater
  • #138
  • Oct 25, 2017 6:31am Oct 25, 2017 6:31am
Quoting tellboy
{quote} The short answer is 'No". If you like I could indicate which pairs meet the strategic criteria each morning, or announce where there are none. Is anyone interested in that kind of 'heads up'?
Yes please, that will be very helpful. I'm interested
  • #139
  • Oct 25, 2017 8:45am Oct 25, 2017 8:45am
Yes, that would be super. It's so funny. Sometimes I compare my choices with yours and then I say, "why didn't I see that"?

I will say that my "currency meter" does seem to be slightly different.

I would be eternally grateful, Tellboy.
  • #140
  • Oct 25, 2017 7:38pm Oct 25, 2017 7:38pm
Cool strategy hellboy. 7Gmt candle huh. Maybe i can code an EA according to the rules and see hoe it goes. Waking up at 2am my time is a no go :-/. Keep us posted and thanks for the share.
insanity: Doing the same thing over... and expecting different results -AE
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