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Basket Knights - A Basket Trading Round Table

  • #181
  • Sep 9, 2019 11:25pm Sep 9, 2019 11:25pm
Quoting yadaForex
{quote} Learning a lot from you sir. This will stick what you said position yourself to take advantage of price action. Thanks for sharing
You are welcome yadaForex. Happy to be of service.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #182
  • Sep 10, 2019 12:04am Sep 10, 2019 12:04am
The following individual pairs are approaching their DCZs (if you've been paying attention, you'll know what I mean by this):
AUDUSD & CHFJPY

Once there, I will add-on or re-enter more Buy trades if Price Action agrees (*see sample image below).

Please note that this is just how I (i.e. ME!) trade. You do not have to trade this way.

Regards and Stay fluid,

Ty
Attached Image(s) (click to enlarge)
Click to Enlarge Name: w004b1. AUDUSDM15.png Size: 35 KB
Click to Enlarge Name: w004b2. CHFJPYM15.png Size: 40 KB
My job: I speculate and manage risk.
  • #183
  • Sep 10, 2019 12:12am Sep 10, 2019 12:12am
+241 pips and counting...the H4 Buy basket is still valid.

Regards and Stay fluid,

Ty
Attached Image
My job: I speculate and manage risk.
  • #184
  • Sep 10, 2019 12:47am Sep 10, 2019 12:47am
I feel like selling C5,wht do u think? I saw on 4H ,they all are bearish at the moment,i have attached close all at X profit,set and forget.

I have a request,whoever is in skype group,plz be active there if you wish to in regards of this strategy,so we don't have to check here more often,keep connected traders,Green pips!
  • #185
  • Sep 10, 2019 1:40am Sep 10, 2019 1:40am
Quoting T4Trade
I feel like selling C5,wht do u think? I saw on 4H ,they all are bearish at the moment,i have attached close all at X profit,set and forget. I have a request,whoever is in skype group,plz be active there if you wish to in regards of this strategy,so we don't have to check here more often,keep connected traders,Green pips!
Why "feel"?

Do you see ANY indication on YOUR own C5 to launch a Sell basket? If yes, then sell. If no, then don't. No "feeling".

For example, at the moment what I see on MY Buy basket is a discounting of Price...This discounting could change into a Sell basket on H4 if it continues too deeply - but until it does, I will continue to trade in the direction of MY H4 Tidane signal which says: Buy. Again, no feeling.

TRY not to trade based on feelings - formulate a system which tells you WHEN, WHAT and HOW. You can go ahead and FEEL good or bad about your profits and loss I guess - but NOT about when to get in or out. Do you get what I'm trying to say? I may not be using the right expressions but please FEEL (lol) what I'm trying to communicate to you yeah?

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #186
  • Sep 10, 2019 1:45am Sep 10, 2019 1:45am
Quoting T4Trade
I feel like selling C5,wht do u think? I saw on 4H ,they all are bearish at the moment,i have attached close all at X profit,set and forget. I have a request,whoever is in skype group,plz be active there if you wish to in regards of this strategy,so we don't have to check here more often,keep connected traders,Green pips!
Also RE: The Private Skype Group, we have traders at the moment who trade from almost every corner of the globe...Then we have traders who also work and trade part time. So I'm guessing those are the reasons you wouldn't see everyone present at the same time. I try to be present as often as I can but this morning (my time) I can only sign in and out at intervals (as I've done severally already) due to a prior offline commitment.

Hope you understand.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #187
  • Sep 10, 2019 2:37am Sep 10, 2019 2:37am
Out of my long trade on M15. I am holding the longs taken off H4 signal.

Attached Image (click to enlarge)
Click to Enlarge Name: BFF93E66-9902-4A15-9A0B-183319FB35FA.jpeg Size: 674 KB


Attached Image (click to enlarge)
Click to Enlarge Name: E97E27B4-9A41-4412-B4B4-57C2306DFB67.jpeg Size: 533 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 7C68E52A-0AC0-4FA8-B1DF-0ABA16C7D493.jpeg Size: 691 KB


trade safe.
  • #188
  • Sep 10, 2019 3:12am Sep 10, 2019 3:12am
Quoting TyLamai
The following individual pairs are approaching their DCZs (if you've been paying attention, you'll know what I mean by this): AUDUSD & CHFJPY Once there, I will add-on or re-enter more Buy trades if Price Action agrees (*see sample image below). Please note that this is just how I (i.e. ME!) trade. You do not have to trade this way. Regards and Stay fluid, Ty {image} {image}
Can you see where CHFJPY is now?
My job: I speculate and manage risk.
  • #189
  • Sep 10, 2019 3:12am Sep 10, 2019 3:12am
CHFJPY Before and After...

Regards and Stay fluid,

Ty
Attached Image(s) (click to enlarge)
Click to Enlarge Name: w004b2. CHFJPYM15_B4.png Size: 40 KB
Click to Enlarge Name: w004b4. CHFJPYM15.png Size: 33 KB
My job: I speculate and manage risk.
  • #190
  • Sep 10, 2019 3:17am Sep 10, 2019 3:17am
Right now NZDUSD is also being discounted. It's anybody's guess where it will go to but...the H4 C5 basket is still signaling a Buy so the probability is still on the side of a bullish move for me. If not, I will reappraise and adapt.

*Some might also see a Double Top. It's ALL good and fine - no right or wrong way.

Regards and Stay fluid,

Ty
Attached Image (click to enlarge)
Click to Enlarge Name: w004b5. NZDUSDH1.png Size: 30 KB
My job: I speculate and manage risk.
  • #191
  • Sep 10, 2019 3:20am Sep 10, 2019 3:20am
Please note that all the above charts showing INDIVIDUAL pairs are simply my way of showing you guys how I look for re-entries of add-on trades. It is waaaayyy simpler to just open a Buy/Sell basket and ride it until the end. No harm no foul.

I like to bank profits at key areas and look for re-entries in line with the H4.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #192
  • Sep 10, 2019 3:23am Sep 10, 2019 3:23am
Quoting TyLamai
Please note that all the above charts showing INDIVIDUAL pairs are simply my way of showing you guys how I look for re-entries of add-on trades. It is waaaayyy simpler to just open a Buy/Sell basket and ride it until the end. No harm no foul. I like to bank profits at key areas and look for re-entries in line with the H4. Regards and Stay fluid, Ty
Ty. Than you as always. I really like the news subscription you shared.

Addtl question, how do you identify your TP areas? Do you use Davit’s pivot zones or PASR?
  • #193
  • Sep 10, 2019 3:29am Sep 10, 2019 3:29am
Quoting volumeprice
{quote} Ty. Than you as always. I really like the news subscription you shared. Addtl question, how do you identify your TP areas? Do you use Davit’s pivot zones or PASR?
Hey VP,

Posted the answer to that on the BK-PSG.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #194
  • Sep 10, 2019 4:03am Sep 10, 2019 4:03am
Hi Guys,
Good to be back to this forum...
@TyLamai Thanks for creating Basket Knights...this got me excited again just like the good old days.
@markster @fmsfx : happy to see you guys again in the forum as always.
  • #195
  • Sep 10, 2019 6:08am Sep 10, 2019 6:08am
Quoting SimexG
Hi Guys, Good to be back to this forum... @TyLamai Thanks for creating Basket Knights...this got me excited again just like the good old days. @markster @fmsfx : happy to see you guys again in the forum as always.
You are welcome SimexG.

Happy to be of service.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #196
  • Sep 10, 2019 11:23am Sep 10, 2019 11:23am
This Buy basket's like pulling teeth! And someone thought patience wasn't a requirement for basket trading?

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #197
  • Sep 10, 2019 1:58pm Sep 10, 2019 1:58pm
Let's review the Buy basket and ask ourselves the following questions:

Why should I expect the present Buy basket to change into a Sell basket? Are there any fundamental reasons to support this potential change?

Take the High Impact News releases which have come out so far this week: WHERE is the "excuse" to move price into a Sell basket? What should cause a Risk Off sentiment to reappear? Apart from the CNY Trade Balance release which went against the Buy basket (i.e. against AUD and NZD), all the other news releases so far have been PRO-Buy basket (*see attached image).

Now: Position yourself and your trades accordingly - instead of wishing that price should behave in a certain way, why not trade probabilities?

If you had the opportunity to LOAD the forex DICE, towards which direction would you lean?

Barring any SUDDEN news release or fundamental event, WHAT'S on the Calendar that could cause this current Buy basket to turn into a Sell?

That's how I look at the market.

Regards and Stay fluid,

Ty
Attached Image (click to enlarge)
Click to Enlarge Name: w004b6. FFCal.png Size: 27 KB
My job: I speculate and manage risk.
  • #198
  • Sep 10, 2019 3:03pm Sep 10, 2019 3:03pm
Hi
thank you for sharing
what are the c14 pairs
  • #199
  • Sep 10, 2019 3:30pm Sep 10, 2019 3:30pm
+264 pips and counting...the H4 Buy basket is still valid (if only I didn't have the dastardly USDCHF running! Lol)

Regards and Stay fluid,

Ty
Attached Images
My job: I speculate and manage risk.
  • #200
  • Sep 10, 2019 3:33pm Sep 10, 2019 3:33pm
Quoting hatemfek
Hi thank you for sharing what are the c14 pairs
Hi hatemfek,

Welcome to the Basket Knights round table. Thank you for stopping by.

C14 Basket = The C12 pairs listed on post#1 + EURCHF and USDJPY

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
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