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Basket Knights - A Basket Trading Round Table

  • #141
  • Sep 6, 2019 8:12am Sep 6, 2019 8:12am
Still long...

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  • #142
  • Sep 6, 2019 9:35am Sep 6, 2019 9:35am
Quoting volumeprice
{quote} I am waiting for the green arrow in M15 before entering at GJ 15M
Seems you've gotten your wish...

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #143
  • Sep 6, 2019 9:48am Sep 6, 2019 9:48am
Quoting bishopdotun
Still long... {image}
Yes, with some more discounts on EJ and GJ. Will be adding onto these two once PA agrees.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #144
  • Sep 6, 2019 9:53am Sep 6, 2019 9:53am
Quoting TyLamai
{quote} Tried to send you a PM but couldn't. Maybe your settings? Regards and Stay fluid, Ty
I sent to you a message.
  • #145
  • Sep 6, 2019 9:58am Sep 6, 2019 9:58am
Quoting volumeprice
{quote} I sent to you a message.
I replied.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #146
  • Sep 6, 2019 11:28am Sep 6, 2019 11:28am
Looks like the market is waiting for Powell.

We will see after the speech.

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  • #147
  • Sep 6, 2019 11:53am Sep 6, 2019 11:53am
Powell Updates...

Fed Chair Powell:

- US economy continuing to perform well with favorable outlook

- Inflation moving back up to 2% goal$DXY
— DailyFX Team Live (@DailyFXTeam)

More here: https://www.forexfactory.com/news/94...form-well-with


Good discounts so far on some pairs (like EJ, GF, GJ, GU). We'll see if his "story" about the US Economy is bought by the markets.

Regards and Stay fluid,

Ty
Attached Image
My job: I speculate and manage risk.
  • #148
  • Sep 6, 2019 11:58am Sep 6, 2019 11:58am
Finally a sell signal to hedge my positions.

Going for a full hedge on the turn of the hour if the signal holds. still flashing

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  • #149
  • Sep 6, 2019 11:59am Sep 6, 2019 11:59am
Quoting bishopdotun
Finally a sell signal to hedge my positions. Going for a full hedge on the turn of the hour. {image}
Yes - if the signal stays.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #150
  • Sep 6, 2019 12:22pm Sep 6, 2019 12:22pm
Quoting TyLamai
{quote} Yes - if the signal stays. Regards and Stay fluid, Ty
Yes full hedge on

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  • #151
  • Sep 6, 2019 11:56pm Sep 6, 2019 11:56pm
Some positive news on US vs China tradewar, US economy and Brexit. The market turned bullish. Don't know how long that will last. I simply trade what I see.

I am long across C14 pairs (minus UsdChf)

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In the short term, there seems to be some pullback/retrace in motion.

So, I hedged my positions with short trades off the signal on M15 chart.

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The retrace could soon become active on H1 chart as well.

If that happens, I will also double up my sell positions on H1.

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I trade signals on H4, H1 and M15 independently. That's a lot of work though.
  • #152
  • Sep 7, 2019 12:08am Sep 7, 2019 12:08am
Quoting bishopdotun
Some positive news on US vs China tradewar, US economy and Brexit. The market turned bullish. Don't know how long that will last. I simply trade what I see. I am long across C14 pairs (minus UsdChf) {image} In the short term, there seems to be some pullback/retrace in motion. So, I hedged my positions with short trades off the signal on M15 chart. {image} The retrace could soon become active on H1 chart as well. If that happens, I will also double up my sell positions on H1. {image} I trade signals on H4, H1 and M15 independently. That's a lot of...
It certainly is a lot of work.

So what do you do with the H4 Buys if the H1 & m15 Sells keep going? Will you keep them running indefinitely?

It will be interesting to see how you play this.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #153
  • Sep 7, 2019 12:20am Sep 7, 2019 12:20am
Quoting TyLamai
{quote} It certainly is a lot of work. So what do you do with the H4 Buys if the H1 & m15 Sells keep going? Will you keep them running indefinitely? It will be interesting to see how you play this. Regards and Stay fluid, Ty
Over a long period of time, I have seen that holding H4 signals works pretty well and can smooth out noise. So I will definitely hold it. I may even get opportunities for re-entry. The last H4 signal lasted for 2 months with 4 re-entry opportunities (red arrows from CC indicator). That was a massive harvest.

We may be up for that scenario again particularly if UK & EU resolves Brexit gridlock and US & China calls truce on the trade fiasco. We can't predict that so we trade what we see.
  • #154
  • Sep 7, 2019 12:48am Sep 7, 2019 12:48am
Quoting bishopdotun
{quote} Over a long period of time, I have seen that holding H4 signals works pretty well and can smooth out noise. So I will definitely hold it. I may even get opportunities for re-entry. The last H4 signal lasted for 2 months with 4 re-entry opportunities (red arrows from CC indicator). That was a massive harvest. We may be up for that scenario again particularly if UK & EU resolves Brexit gridlock and US & China calls truce on the trade fiasco. We can't predict that so we trade what we see.
Makes sense. I will delve deeper into this paradigm.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #155
  • Sep 8, 2019 4:20pm Sep 8, 2019 4:20pm
The market is open and we get a gap down on most pairs.

The M15 signal has some gas behind it. I have now added to the position. I will take out half of the positions if we manage to get to the redlines.

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...and I am now watching the H1 chart closely. Waiting to confirm the sell signal before I shoot.

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  • #156
  • Sep 8, 2019 4:42pm Sep 8, 2019 4:42pm
I'm old school so will wait for the dirt to settle to the bottom of the glass. That should be enough time to see if the H4 long holds or turns out to be Ty's discount to the short side. Patience is key or at least that's what works for me. Just to be clear I'm waiting for the Long as my H4 is now Long and entry off the M15.

Dave
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K.I.S.S.
  • #157
  • Sep 8, 2019 5:15pm Sep 8, 2019 5:15pm
Quoting bishopdotun
The market is open and we get a gap down on most pairs. The M15 signal has some gas behind it. I have now added to the position. I will take out half of the positions if we manage to get to the redlines. {image} ...and I am now watching the H1 chart closely. Waiting to confirm the sell signal before I shoot. {image}
You should have your H1 sell signal now. I'm thinking that this week will make or break the H4 Buy basket - sort of like a confirmation. We'll see.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #158
  • Sep 8, 2019 5:26pm Sep 8, 2019 5:26pm
Quoting fmsfx
I'm old school so will wait for the dirt to settle to the bottom of the glass. That should be enough time to see if the H4 long holds or turns out to be Ty's discount to the short side. Patience is key or at least that's what works for me. Just to be clear I'm waiting for the Long as my H4 is now Long and entry off the M15. Dave {image}
Yes Dave for now I'll be treating this gap down as a Discount-Continuation (DC) because my H4 is still signalling a Buy basket. So if the m15 (which is currently signaling a sell) turns around and signals a buy AND H4 still remains a Buy, then the re-alignment will be a confirmation of the DC and I'll add more trades to my very few remaining Buy basket trades.

The opposite scenario will be if the current m15 + H1 sell signals continue heading south and moves onto the H4 chart (thereby signalling a Sell basket). If this happens, I'll close my remaining Buy basket trades in a loss and open a new Sell basket in line with H4. [*I suspect that your H4 Buy basket would still be valid at this point based on your settings].

EITHERhow, we remain in control.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #159
  • Sep 8, 2019 5:40pm Sep 8, 2019 5:40pm
+758 pips banked so far with the Buy basket still valid on my main driving chart: The C5 H4.

Hope you guys had a great weekend. Just a quick snapshot showing my m15 offline chart as we prepare towards another trading week ahead. Price is currently being Discounted (until further notice). I will ASSUME a Discount-Continuation (DC) scenario until otherwise signaled by H4 (*See image below).

Regards and Stay fluid,

Ty
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My job: I speculate and manage risk.
  • #160
  • Sep 8, 2019 7:48pm Sep 8, 2019 7:48pm
Quoting TyLamai
{quote} Yes Dave for now I'll be treating this gap down as a Discount-Continuation (DC) because my H4 is still signalling a Buy basket. So if the m15 (which is currently signaling a sell) turns around and signals a buy AND H4 still remains a Buy, then the re-alignment will be a confirmation of the DC and I'll add more trades to my very few remaining Buy basket trades. The opposite scenario will be if the current m15 + H1 sell signals continue heading south and moves onto the H4 chart (thereby signalling a Sell basket). If this happens, I'll close...
Refreshing to see like-minded Basket Trader

Dave
K.I.S.S.
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