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Basket Knights - A Basket Trading Round Table

  • #301
  • Sep 19, 2019 10:20am Sep 19, 2019 10:20am
Hi,
great great great
thanks for sharing
jf
  • #302
  • Sep 19, 2019 10:29am Sep 19, 2019 10:29am
Quoting le celte
Hi, great great great thanks for sharing jf
You are welcome le celte. Thank you for stopping by.


Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #303
  • Sep 19, 2019 1:45pm Sep 19, 2019 1:45pm
Quoting TyLamai
Do you need anyone telling you that the Basket is in disarray at the moment? {image} It should be obvious that risk/courage is not in alignment. There is no particular direction in play BUT... The H4 Buy basket signal is still valid until further notice. Regards and Stay fluid, Ty {image}

If I recall and I may be wrong about this but I remember J telling us the week of FOMC we should just observe and prepare for the following week of trading. As this week will give us signs into next week if the current "Trend" continues or a reversal will unfold. I tend to just focus on single pairs(Basket Pairs) during this week if I'm at the computer.

Dave
K.I.S.S.
  • #304
  • Sep 19, 2019 4:27pm Sep 19, 2019 4:27pm
Quoting fmsfx
{quote} If I recall and I may be wrong about this but I remember J telling us the week of FOMC we should just observe and prepare for the following week of trading. As this week will give us signs into next week if the current "Trend" continues or a reversal will unfold. I tend to just focus on single pairs(Basket Pairs) during this week if I'm at the computer. Dave
Usually you will find me selective basketting after every DC, so I guess that's a similar way - kinda like taking pot shots at the basket.

Like NJ and NU, a few pairs are not in re-alignment (yet) with the Buy basket so far this week and you won't find those on my list of open trades. So I guess we will see what next week brings.

Attached Image


Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #305
  • Sep 20, 2019 1:37am Sep 20, 2019 1:37am
Bonjour,
I try this Buy C5 on Démo

Santé
jf
Attached Image (click to enlarge)
Click to Enlarge Name: C5 try.JPG Size: 129 KB
  • #306
  • Sep 20, 2019 3:58am Sep 20, 2019 3:58am
Quoting le celte
Bonjour, I try this Buy C5 on Démo Santé jf {image}
Alright - let's see how that goes.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #307
  • Sep 20, 2019 4:18am Sep 20, 2019 4:18am
Quoting TyLamai
let's see how that goes
Ty : I would never have taken this trade in real. Just for fun in demo ...
Cordialement
jean-francois
  • #308
  • Sep 20, 2019 4:31am Sep 20, 2019 4:31am
Quoting le celte
{quote} Ty : I would never have taken this trade in real. Just for fun in demo ... Cordialement jean-francois
It's ok jean-francois, I didn't mean the above "let's see how that goes" to be negative or in jest or doubt. I was simply saying "I look forward to seeing what happens or how it plays out".

Like I always say on this thread: No right or wrong way.

I've seen you around - you are not a newbie. I have NO DOUBT that you know what you are doing.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #309
  • Sep 20, 2019 4:31am Sep 20, 2019 4:31am
Banked 1 position GU +111 pips. +451 pips floating. H4 Buy basket still valid.

Attached Image



Below are the pairs I'm trading in my Selective basket:

Attached Image


Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #310
  • Sep 20, 2019 4:40am Sep 20, 2019 4:40am
Fundies: Truths and Rumours.

"Dollar Wobbles in End of Week Trade
Cable hit fresh multi-month highs on continued optimism regarding Brexit negotiations but the news out of Brussels was that there were no new proposals from the UK. The general sense of the market is that PM Johnson is playing for time and no serious efforts may happen until after the party conferences next week.

Next week will also bring the UK Supreme court ruling on the constitutionality of the prorogation of Parliament and should Mr. Johnson lose that case the chance of a hard Brexit spin-out will like decline. Still, at this point, the whole Brexit deal has come down to the Northern Ireland border issue and as we noted yesterday the Brexiteers realize that if they want to exit they will need to scrap sovereignty claims one way or the other.

Cable continues to perform well but the 1.2500 -1.2600 zones are proving to be more stubborn resistance with lots of overhead supply from months past and we don't think the pair has much upside left if the political state of play remains unchanged.

Elsewhere the greenback was slightly weaker today as USDJPY dipped to a low of 107.75 in the aftermath of the BOJ decision to leave policy unchanged, As some analysts have noted, neutral is the new hawkish and the market which has been habituated to endless rounds of BOJ QE was clearly disappointed.

Despite the correction, USDJPY remains in an uptrend and only a break of 107.00 would materially change the bias lower. With no data on the docket except for CAD Retail Sales, the FX markets are likely to take their cue from equities and equities, in turn, will be watching any news on the US-China trade front. Absent and fresh geopolitical headlines the quiet tone of trade may continue into the close." - Boris Schlossberg

*Underlines mine.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #311
  • Sep 20, 2019 10:11am Sep 20, 2019 10:11am
Hello to all traders! I am new to this, but I am glad that I found you and would like to learn from you how to trade baskets. Thank you in advance.
  • #312
  • Sep 20, 2019 10:21am Sep 20, 2019 10:21am
Heads up.

I thought I should make this point in time (within the current Buy basket) a milestone.

At the moment on my C5 H4 offline chart, Tidane is "FLASHING" Red...This means that it is (at the moment) preparing to give a Sell basket signal. If everything stays the same, in 2 hours I might get a H4 signal to open a Sell basket. This DOESN'T mean that a Sell basket will happen - we've seen MANY flashing Reds from the C5 H4 Tidane during the course of this present Buy basket (which is still valid by the way).

Many times H4 Tidane will flash a signal and by the end of the H4 candle it may continue in its current direction. WAIT for a signal which REMAINS in place AFTER a candle has CLOSED before pulling any trigger!

Meanwhile...for a lot of folks who believe that when a Basket flips from Sell to Buy or vice versa I incur a LOT of DD...please see the image below. *Remember also that this present Buy basket has been immensely profitable since it began - a huge pip-haul has been harvested by a couple of guys here.

Regards and Stay fluid,

Ty
Attached Image
My job: I speculate and manage risk.
  • #313
  • Sep 20, 2019 10:49am Sep 20, 2019 10:49am
Quoting tradescorz
Hello to all traders! I am new to this, but I am glad that I found you and would like to learn from you how to trade baskets. Thank you in advance.
That's not a problem tradescorz - you are welcome. We were ALL new to this at one time.

Please read the first post THOROUGHLY and follow the examples posted by other more experienced basket knights here.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #314
  • Sep 20, 2019 11:26am Sep 20, 2019 11:26am
Short.....

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  • #315
  • Sep 20, 2019 11:54am Sep 20, 2019 11:54am
C5 H4 Short too
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  • #316
  • Sep 20, 2019 12:08pm Sep 20, 2019 12:08pm
Quoting TyLamai
Heads up. I thought I should make this point in time (within the current Buy basket) a milestone. At the moment on my C5 H4 offline chart, Tidane is "FLASHING" Red...This means that it is (at the moment) preparing to give a Sell basket signal. If everything stays the same, in 2 hours I might get a H4 signal to open a Sell basket. This DOESN'T mean that a Sell basket will happen - we've seen MANY flashing Reds from the C5 H4 Tidane during the course of this present Buy basket (which is still valid by the way). Many times H4 Tidane will flash a signal...
As mentioned above...Sell Basket = Valid.

Regards and Stay fluid,

Ty
Attached Image (click to enlarge)
Click to Enlarge Name: w005e4a #TyC5#05H4.png Size: 38 KB
My job: I speculate and manage risk.
  • #317
  • Sep 20, 2019 12:10pm Sep 20, 2019 12:10pm
Quoting bishopdotun
Short..... {image}
Good catch BD.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #318
  • Sep 20, 2019 12:11pm Sep 20, 2019 12:11pm
Quoting le celte
C5 H4 Short too {image}
Now you see!

Good entry there.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #319
  • Sep 20, 2019 12:23pm Sep 20, 2019 12:23pm
Quoting TyLamai
Meanwhile...for a lot of folks who believe that when a Basket flips from Sell to Buy or vice versa I incur a LOT of DD...please see the image below. *Remember also that this present Buy basket has been immensely profitable since it began - a huge pip-haul has been harvested by a couple of guys here. Regards and Stay fluid, Ty {image}
Before I closed the previous Buy basket:
Attached Image


After I closed all trades and flipped into the CURRENT Sell basket:
Attached Image


Total Pip-Haul for PREVIOUS Buy basket = +1,053 pips (with very negligible DD while the basket remained valid).

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #320
  • Sep 21, 2019 2:57am Sep 21, 2019 2:57am
All shorts: H1 & H4

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Have a great weekend.
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