Basket Knights - A Basket Trading Round Table | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/JPY, EUR/USD, CHF/JPY, EUR/GBP, EUR/JPY, GBP/CHF, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/CHF, AUD/USD

Similar Threads

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Trading 8 Forex Pairs - Fully Automatic - Basket Trading 7 replies

TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies

Hedge,Basket, Trading Calculation How to 15 replies

Currency Basket and Carry Trading 51 replies

Attachments: Basket Knights - A Basket Trading Round Table
Exit Attachments

Basket Knights - A Basket Trading Round Table

  • #41
  • Aug 30, 2019 12:40am Aug 30, 2019 12:40am
Quoting fmsfx
Just some quick pips with the short back to the long-time Monthly low as a Take Profit area. Dave {image} {image}
+111 pips banked - in and out. All the while in the background the Dorian scale is playing with a mean, heavy metallic crescendo!

I see you can't stay away from those lovely pips Dave... I don't blame you man.

Well done.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #42
  • Aug 30, 2019 12:46am Aug 30, 2019 12:46am
Quoting TyLamai
I was once asked if I was a fundamental or technical trader. After thinking about it I replied that I was a technical trader who likes to hear/see fundamental reasons to keep my technical trades going in my desired/chosen direction. I do NOT open trades based on forecasts/ rumours / premonitions / hunches / or even news releases showing red/green numbers. How does this tie to basketting? Remember my C5 H4 sell basket? Well, it's still in place (that right there is a FACT: Measurable. Tangible. Dependable). So HOW are the fundamentals helping this...
After posting the above, I went to catch those Zzzzzz.

Then I woke up to some more pips in my selective sell basket.

I'll post an image shortly.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #43
  • Aug 30, 2019 1:29am Aug 30, 2019 1:29am
Quoting TyLamai
{quote} After posting the above, I went to catch those Zzzzzz. Then I woke up to some more pips in my selective sell basket. I'll post an image shortly. Regards and Stay fluid, Ty
+1,088 pips banked...with +206 pips floating.

That's what the Sell basket has done so far this week.

*Also note how my re-entry sell is mostly a "Selective" basket? (Yeah - it didn't make sense to me selling pairs which hadn't given an obvious discount).

Regards and Stay fluid,

Ty
Attached Images
My job: I speculate and manage risk.
  • #44
  • Aug 30, 2019 1:35am Aug 30, 2019 1:35am
Quoting TyLamai
On the Fundamental front: "Risk flows reversed in early European trading after China came out with some encouraging rhetoric noting that it did not want to exacerbate the trade tensions and that it was preparing for bilateral meetings in September.... ...While markets hold out hope that the war of attrition between China and the US may have finally pushed both leaders to consider a more flexible negotiating posture, the more immediate catalyst for any further gains in USDJPY will be today's US GDP report. Granted that this will be a second revision...
That's HOW you plot a Basket re-entry! This image should be VERY clear by now.

Regards and Stay fluid,

Ty
Attached Image (click to enlarge)
Click to Enlarge Name: 009a. #TyC5#05M15.png Size: 56 KB
My job: I speculate and manage risk.
  • #45
  • Aug 30, 2019 1:45am Aug 30, 2019 1:45am
More Fundamentals to SUPPORT the Sell basket...

(Shrug) It works for me.

Regards and Stay fluid,

Ty
Attached Image (click to enlarge)
Click to Enlarge Name: 009d. AUD red news.png Size: 4 KB
My job: I speculate and manage risk.
  • #46
  • Aug 30, 2019 3:11am Aug 30, 2019 3:11am
Nice system you have there. When i try to add the "! Ty's_C5_with-TidaneTrendAlert_+_HeikenAshiAlert" template to the offline chart, it gives me this error:

Attached Image (click to enlarge)
Click to Enlarge Name: a7edebf7d6.png Size: 40 KB


I've double checked your rar file. It is missing for me.

Happy piping
  • #47
  • Aug 30, 2019 3:28am Aug 30, 2019 3:28am
Also may i ask which EA you get the trade summary from? Sorry for the offtopic questions, just moved from cTrader (which is kinda not good for basket trading) to mt4.
  • #48
  • Aug 30, 2019 4:42am Aug 30, 2019 4:42am
Quoting 2bnnp
Nice system you have there. When i try to add the "! Ty's_C5_with-TidaneTrendAlert_+_HeikenAshiAlert" template to the offline chart, it gives me this error: {image} I've double checked your rar file. It is missing for me. Happy piping
Thank you for the kind words 2bnnp.

Strange that you have this error - 59 downloads of the template and not one complain about a missing Heiken_Ashi_Smoothed...?

Stranger still is the FACT that I do not have the Heiken_Ashi_Smoothed indicator on the shared template...

Nevertheless I have included it into the attached rar on Post#1. Kindly re-download it and let me know how it goes.

Strange.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #49
  • Aug 30, 2019 4:46am Aug 30, 2019 4:46am
Quoting 2bnnp
Also may i ask which EA you get the trade summary from? Sorry for the offtopic questions, just moved from cTrader (which is kinda not good for basket trading) to mt4.
Hello again 2bnnp,

Please could you be more specific? Which EA and trade summary are you refering to?

Thank you.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #50
  • Aug 30, 2019 4:57am Aug 30, 2019 4:57am
Thanks for adding it to the archive, it is working fine now.

Quoting TyLamai
{quote} Hello again 2bnnp, Please could you be more specific? Which EA and trade summary are you refering to? Thank you. Regards and Stay fluid, Ty
Referring to these 2:

Attached Image
Attached Image


Thanks in advance.
  • #51
  • Aug 30, 2019 5:01am Aug 30, 2019 5:01am
Quoting TyLamai
{quote} That's HOW you plot a Basket re-entry! This image should be VERY clear by now. Regards and Stay fluid, Ty {image}
Potential TP zone I marked on the above chart was hit!

Regards and Stay fluid,

Ty
Attached Image (click to enlarge)
Click to Enlarge Name: 009e. #TyC5#05M15_TP.png Size: 41 KB
My job: I speculate and manage risk.
  • #52
  • Edited 5:47am Aug 30, 2019 5:27am | Edited 5:47am
More good news for the Sell basket?

"...In New Zealand the kiwi hit four-year lows breaking below the .6300 levels on news of weaker building approvals data. Business sentiment remains very depressed given the ongoing global trade tensions and markets are preparing themselves for further cuts from the RBNZ after a surprise 50bp cut this month.

However, the most interesting price movement of the night may have been in EURUSD which is once again flirting with the 1.1000 figure as data continues to point to a possible recession in the region while policymakers refuse to consider any immediate stimulative action. Today's German Retail sales printed at -2.2% versus -1.2% eyed indicating that the manufacturing recession in Europe's most important economy is starting to spread into consumption. Yet European monetary officials and German politicians continue to state that no policy action will be taken until the economy actually tumbles into a recession.... " - Boris Schlossberg

Can anyone here (resident in Europe) confirm if this is the situation on the ground at the moment? It would be good to know if what is being reported is also what's obtainable on ground.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #53
  • Aug 30, 2019 8:04am Aug 30, 2019 8:04am
Quoting 2bnnp
Thanks for adding it to the archive, it is working fine now. {quote} Referring to these 2: {image}{image} Thanks in advance.
Hi 2bnnp,

Somehow I missed this post.

The "EAs" you refer to above are actually 1 EA (can't put a link to it here as it will lead to a commercial thread) and 1 Indicator (named i-profit Tracker. Search for it). These are irrelevant, in the grand scheme of things, to how we trade here as they are simply used by me for REPORTING.

I trade the basket manually. Eventually (as this thread grows) there may arise a NEED to share basket trading Experts. When that need arises, I will consider sharing those. But for now, what I shared on post#1 above is ALL that is required to profit from basket trading as a beginner / intermediate basket knight.

I notice you are a new signup to FF...this does not usually translate to being a newbie trader. But par adventure you are a newbie trader, then I'll advice you to hang around and contribute - you'll be shocked the things you'll pick up (learn) just by being present and involved.

Hope you understand.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #54
  • Aug 30, 2019 8:10am Aug 30, 2019 8:10am
+1,339 pips banked from the Sell basket for the week! TP reached and surpassed.

Total haul from trading this week:
-439 pips (Buy basket)
+1339 pips (Sell basket)
---------------
= +900 pips (Not too shabby yeah?)
---------------

And as you can see from the visuals below, Discount #3 panned out just right.

I rest. If there is an opportunity to re-enter the Sell basket next week, I'll re-evaluate and reload.

Thanks for staying tuned in.

Regards and Stay fluid,

Ty
Attached Image (click to enlarge)
Click to Enlarge Name: 009f. #TyC5#05M15.png Size: 45 KB
Attached Image
My job: I speculate and manage risk.
  • #55
  • Edited 10:00am Aug 30, 2019 9:50am | Edited 10:00am
Done with trading for the week with my last 100 pip scalp yesterday. Now time to prepare for the hurricane and see how things unfold over the weekend and Monday/Tuesday. Hopefully, the power stays on.
Attached Image
K.I.S.S.
  • #56
  • Aug 30, 2019 10:06am Aug 30, 2019 10:06am
Quoting fmsfx
Done with trading for the week with my last 100 pip scalp yesterday. Now time to prepare for the hurricane and see how things unfold over the weekend and Monday/Tuesday. Hopefully, the power stays on. {image}
Fingers crossed man. My thoughts and prayers are with you and your family.

Be safe.

Regards,

Ty
My job: I speculate and manage risk.
  • #57
  • Aug 30, 2019 3:56pm Aug 30, 2019 3:56pm
Amazing system, good job Ty...I followed Kos in the Still basketting thread in the past.
  • #58
  • Aug 30, 2019 9:18pm Aug 30, 2019 9:18pm
Quoting Rippings
Amazing system, good job Ty...I followed Kos in the Still basketting thread in the past.
Thank you Rippings. It would be wonderful if you can join us here and share your experience with us from time to time.

The table is set!

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #59
  • Aug 31, 2019 3:22am Aug 31, 2019 3:22am
Hi TyLamai,

You file: BasketKnights - A Basket Trading Round Table.rar , is giving me an error while extracting the files.
Could you upload a new file, please.

Asw
  • #60
  • Aug 31, 2019 4:26am Aug 31, 2019 4:26am
Quoting Asw
Hi TyLamai, You file: BasketKnights - A Basket Trading Round Table.rar , is giving me an error while extracting the files. Could you upload a new file, please. Asw
Hi Asw,

I just downloaded the file from the same link you just posted and everything is fine...plus the SAME exact file has been downloaded by 77 people and counting.

Is it possible the issue might be from your end?

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
0 traders viewing now