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Basket Knights - A Basket Trading Round Table

  • #481
  • Oct 4, 2019 4:11pm Oct 4, 2019 4:11pm
Quoting le celte
{quote} Ty Tour thread is in Interacive Trading Folder It should be in Trading System Folder. Guys are here Ask for changing? Santé jf
Thanks jf. If I remember correctly, we began in the Trading discussion room before we were moved in here by day 2 or so.

I don't mind being here. Moreover traders will go ANYWHERE if they feel what they are after is important enough. I prefer Quality over Quantity ANY DAY.

I for one learnt basketting from the commercial room and it didn't bug me one bit.

Your input is appreciated jf. Thanks.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #482
  • Oct 4, 2019 4:37pm Oct 4, 2019 4:37pm
Fundies: Truths and Rumours.

"Dollar Heads Lower. Don't be Fooled by Jobs Report
Don't be fooled by the September jobs report. The unemployment rate may have dropped to its lowest level in 50 years but the labor market is weakening and not improving. While the data suggests that the economy is at full employment, hence the moderation in job growth, the slowdown in the services and manufacturing poses a major risk to hiring in the months ahead. Only 136K jobs were created last month but the big problem is wages. On a monthly basis, wage growth stagnated and year over year, average hourly earnings fell to a 12 month low. The expansion is slowing and as a result the US dollar is falling. The only reason why we didn't see a steeper decline is because it was a weak but not terrible report. The job market is still the strongest in decades, but there's no question that it is in the midst of a slowdown.

The odds of a rate cut fell according to Fed fund futures, which are now pricing in a 73% chance of easing this month and 90% chance by December. Yesterday, traders saw an 85% chance of an October rate cut. We felt these odds were aggressive given the Fed's outlook last month and we still feel the same way after the speech from Chairman Powell on Friday. He reiterated that the economy faces risks but also believes its in a good place overall. We don't believe US policymakers share the market's eagerness for easing and data over the next month will dictate whether the market or the Fed changes their views. The minutes from their last FOMC meeting will be released next week along with inflation numbers. The minutes should help the dollar but inflationary pressures remain low. Investors should keep an eye on trade headlines as well because on Friday President Trump said he sees "a very good chance of a trade deal with China." Technically, USD/JPY is headed for 106 but positive trade headlines could shift the pair's outlook easily.

Next week will also be an important one for sterling. October 11th is the deadline for the UK to deliver an acceptable proposal. Unfortunately it seems that UK Prime Minister Boris Johnson is moving further away from crafting an agreement with changes substantial enough for the EU to reopen negotiations. On Friday, Johnson sent over his final proposals, which included mild and not major concessions. Sterling traded in a tight range throughout the week against the US dollar and now hangs in the balance. Many believe the proposals will be rejected by the EU which could send the currency tumbling lower. Data last week was mixed with manufacturing PMI index rising but the services and construction index falling. However activity in all 3 sectors are contracting which underscores the weakness of the UK economy.

Euro traded higher against the US dollar four out of the last five trading days. A large part of the move had to do with weaker US data, the sell-off in the dollar and expectations for Fed easing. However the single currency had also become deeply oversold and a light EZ calendar meant that it was due for a recovery. With that said, the outlook for the region is dim especially after the US imposed fresh tariffs on the EU this week. Duties on Italian cheese, French wine, Spanish olives and British biscuits will increase to 25%. Retaliatory tariffs are expected and when they are announced will most likely drive the euro lower. Next week's economic reports include Germany's factory orders, industrial production and trade balance reports.

The Australian and New Zealand dollars also traded higher against the greenback this week but the Canadian dollar hit 1 month low. Although the Reserve Bank lowered interest rates for the third time this year, A$ benefitted from US dollar weakness, stronger manufacturing and services PMI and positive trade headlines. NZ$ followed A$ higher as there were no major New Zealand economic reports on the calendar." - Kathy Lien


Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #483
  • Oct 4, 2019 4:42pm Oct 4, 2019 4:42pm
Fundies: Truths and Rumours.

"NFP Quick Analysis: Four positive points that drive up the dollar and keep hawks happy
September's Non-Farm Payrolls report is a ray of sunshine after a week packed with doom and gloom. A quick look at the headline number in comparison to the consensus reveals a miss – 136,000 against 145,000 expected. But that is far from telling the full story.

Four positive factors
1) Above the whisper number: An increase of 136K beats 125K which was Bloomberg's whisper number. The lower expectations came after multi-year lows in ISM's Purchasing Managers' Indexes.

2) Upward revisions: After several months of jobs reports that included downward revisions to previous figures, the September report includes upward revisions worth 45,000. Some will add this figure to September's gain and will see an increase of 181K.

3) Census hiring: Back in August, the job gains included significant hiring for the 2020 national census – hiring that is temporary by nature. Some had feared that September's publication would be bloated by additional hiring toward the once-in-a-decade event. These fears faded when the report showed only 1,000 positions gained for the project.

4) "Real unemployment" drops: The U-6 underemployment level, which takes into account people who work part-time and seek a full-time report, has surprised with a drop to 6.9% against 7.2% expected. The figure is a broader representation of the amount of slack in the job market – and is watched closely by the Fed.

Fed hawks, the dollar, and wages
These four figures may make please hawks at the Federal Reserve. Some voted against cutting rates and may oppose another reduction later in October. The odds of a rate cut are dropping and the dollar may extend its gains.

It is essential to note that there was a significant disappointment in the jobs report. Average Hourly Earnings remained flat in September, well below 0.3% expected. Moreover, annual wage growth slipped to 2.9% – not only below expectations but also beneath the round 3% mark.

Nevertheless, the Fed may see it as a one-off event and not necessarily as a change of trend. Also, recent inflation numbers have been upbeat, so this stagnation in wages may be insufficient to push inflation lower.

Background
According to the economic calendar, US Non-Farm Payrolls carried expectations for an increase of 145,000 jobs in September, up from 130,000 in August but below long-running averages.

However, after a series of disappointing data points, real expectations were probably lower. Bloomberg's "whisper number" stood at 125,000. An increase of 100,000 or more jobs is considered sufficient to keep the unemployment rate from rising.

Average Hourly Earnings were projected to rise by 0.3% monthly and 3.2% yearly." - Yohay Elam, FXStreet


Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #484
  • Oct 4, 2019 4:48pm Oct 4, 2019 4:48pm
Quote
- Kathy Lien, BK Asset Management

And

Quote
- Yohay Elam, FXStreet

Differing opinions it would seem right?

Well - YOU, have to decide for yourself what YOU think will happen.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #485
  • Oct 4, 2019 4:49pm Oct 4, 2019 4:49pm
Quoting TyLamai
Where is everybody!? Come on guys NFP couldn't have been THAT bad could it? Anyway, just in case you were wondering, H4 Sell basket is still valid. Regards and Stay fluid, Ty

I'm still here. Slow week for me and I had two losing baskets last week for 150 pips each. I started the recovery this week and going forward. H4 tested the previous Low from awhile back again so let us see what happens. Nothing goes down forever.

PS Ty no more Skype?..don't see you around anymore?
Attached Image (click to enlarge)
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K.I.S.S.
  • #486
  • Oct 4, 2019 7:01pm Oct 4, 2019 7:01pm
Quoting fmsfx
{quote} I'm still here. Slow week for me and I had two losing baskets last week for 150 pips each. I started the recovery this week and going forward. H4 tested the previous Low from awhile back again so let us see what happens. Nothing goes down forever. PS Ty no more Skype?..don't see you around anymore? {image} {image}
Hello Dave,

Sorry about the "Skyplessness" but I mentioned above that I am making use of (trading from) an OLD laptop I unearthed while my workstation is being fixed. I really can't put too much pressure on it else it might just crack! Please be patient and I'll return in a bit. I hope you understand.

In the meantime, I can be reached via PM etc.

Great hearing from you and sorry about the losing baskets BUT knowing basket trading you will recover those SHORTLY (and quickly too)...as you can see already.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #487
  • Oct 4, 2019 7:45pm Oct 4, 2019 7:45pm
Quoting TyLamai
{quote} +401 pips Banked...(-272 pips floating). H4 Sell basket still valid. {image} At one point today (after the bleak USD: ISM Non-Manufacturing PMI numbers came out) my DD was up to -551 pips. {image} I stayed in the trade because: #1. The C12 H4 basket was still signaling a Sell basket (very important!). #2. My SL zone was not nearly even reached. #3. I've made enough profit from this current Sell basket to AFFORD to give it room to run (also very important). *Note: Always TRY to remember that TIME is also a factor in trading. Heads up for...
+592 pips Banked...(-527 pips floating). H4 Sell basket still valid.
Attached Image

AGAIN, I stayed in the trade because:
#1. The C12 H4 basket was still signaling a Sell basket (very important!).
#2. My SL zone was not nearly even reached.
#3. I've made enough profit from this current Sell basket to AFFORD to give it room to run (also very important).

Total tally for this present Sell basket = + 1,051 pips (from the last totaling) +592 pips = 1,643 pips banked (with -527 pips floating).

I'm not too happy with my current DD but there isn't much I can do about that at the moment. If the H4 Sell signal holds, then I should have no problem banking in some profit BUT if it doesn't and gives a Buy signal instead, then I'll close all in a loss and flip accordingly.

Nevertheless, based on ALL chaos currently present in the marketplace, I'm NOT really looking forward to a Buy basket (I mentioned the same when we had the previous Buy basket - which turned out to be profitable, but still unnerving). I'm not saying I won't trade a Buy basket if one is signaled, I'm saying I don't favour one due to it's potential prospects based solely on the prevailing market sentiment which is currently Risk Off IMHO.

I will ALSO be CAUTIOUS with GBP trades as much as I can...
Attached Image (click to enlarge)
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image courtesy: member@swing77

Regards and Stay fluid,

Ty

NB:
I have no idea what Brexit is about and below is my most favoured explanation yet (image courtesy: member@ylppa2003):
Attached Image
My job: I speculate and manage risk.
  • #488
  • Oct 4, 2019 8:03pm Oct 4, 2019 8:03pm
My Sell basket: The story so far...

Regards and Stay fluid,

Ty
Attached Image(s) (click to enlarge)
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My job: I speculate and manage risk.
  • #489
  • Oct 4, 2019 8:06pm Oct 4, 2019 8:06pm
By the way, I'd like to acknowledge the various encouraging PMs I've been receiving.

Thanks guys - I see you!

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #490
  • Oct 4, 2019 8:24pm Oct 4, 2019 8:24pm
Hey guys please does ANYONE know of someone who could ADD a function to the Tidane Trend indicator so that it can send Push Notifications to a Mobile device/phone?

This will be extremely functional for me - especially when I can't be in front of my screen.

Please help!

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #491
  • Oct 5, 2019 9:26am Oct 5, 2019 9:26am
Quoting TyLamai
Hey guys please does ANYONE know of someone who could ADD a function to the Tidane Trend indicator so that it can send Push Notifications to a Mobile device/phone? This will be extremely functional for me - especially when I can't be in front of my screen. Please help! Regards and Stay fluid, Ty

You can try this version. I think its the same indy with a few more options. Untested.

Dave
Attached File(s)
File Type: mq4 BBands_Stop_v3.2 600+.mq4   39 KB | 312 downloads
K.I.S.S.
  • #492
  • Oct 5, 2019 10:12am Oct 5, 2019 10:12am
Quoting fmsfx
{quote} You can try this version. I think its the same indy with a few more options. Untested. Dave {file}
Thanks Dave, I'll take it out on a spin.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #493
  • Oct 5, 2019 12:54pm Oct 5, 2019 12:54pm
Quoting TyLamai
Hey guys please does ANYONE know of someone who could ADD a function to the Tidane Trend indicator so that it can send Push Notifications to a Mobile device/phone? This will be extremely functional for me - especially when I can't be in front of my screen. Please help! Regards and Stay fluid, Ty

Yes, will upload it before market open.

Asw
  • #494
  • Oct 5, 2019 1:47pm Oct 5, 2019 1:47pm
Quoting Asw
{quote} Yes, will upload it before market open. Asw
Thanks Asw, looking forward to it.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #495
  • Oct 5, 2019 1:53pm Oct 5, 2019 1:53pm
Quoting TyLamai
{quote} Thanks Asw, looking forward to it. Regards and Stay fluid, Ty
Not tested, but should work.

Thanks for sharing your system.

Asw
Attached File(s)
File Type: mq4 Tidane trend_with_Alerts.mq4   12 KB | 398 downloads
  • #496
  • Oct 5, 2019 2:06pm Oct 5, 2019 2:06pm
Quoting Asw
{quote} Not tested, but should work. Thanks for sharing your system. Asw {file}
Thanks Asw, I'll hook it up to the Matrix and see how it fares.

It's my pleasure man. Thanks for your contribution.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #497
  • Oct 5, 2019 7:35pm Oct 5, 2019 7:35pm
Hi Ty,
Thank you for sharing your basket trading strategy and tools.
From everyone's results looks like this is very profitable approach.

I've been reading the thread for several days and subscribed today.
Downloaded and installed all files and created C5 H4 & H1 offline charts.
Seems I have missed a key set up piece.
I have two questions:
1. The Basket_Create template applied to GBPJPY H1 chart only creates C5 H1 & H4 charts. No other time frames or Core baskets.
How do I create C12 basket, or other baskets?
2. How do I create other off line charts with different time frames, i.e. M15?
Thanks for your help.
Edit: The other line on my charts is mladen's Hull_MA, Period=55, Divisor=2, Price=Typical.
It is a great early warning and confirmation.
Attached Image (click to enlarge)
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Attached Image
Perfidious Pips
  • #498
  • Oct 6, 2019 5:04am Oct 6, 2019 5:04am
Quoting northwind
Hi Ty, Thank you for sharing your basket trading strategy and tools. From everyone's results looks like this is very profitable approach. I've been reading the thread for several days and subscribed today. Downloaded and installed all files and created C5 H4 & H1 offline charts. Seems I have missed a key set up piece. I have two questions: 1. The Basket_Create template applied to GBPJPY H1 chart only creates C5 H1 & H4 charts. No other time frames or Core baskets. How do I create C12 basket, or other baskets? 2. How do I create other off line charts...
Northwind,

One possible check you could perform is: Make sure you have the relevant symbols in the watch-list- C14-means 14 pairs-so those pairs have to be there...++ Load the "ForceHistoricalData" for filling up of historical data...

As for the other question to create other offline charts- It looks the indicator"basket create....._670et", checks for a file under "MQL4>File"

So, create a note pad with the names of symbols you want- drag the "basket create indi' on a blank chart- under the inputs- "import_pair_list_name" you give the name of just created text file.. Under inputs only, there is option to set time frame of the offline chart- this should generate the offline chart of your desired configuration...

I am also still catching up-take my inputs with some caution...

Thanks

Thanks
  • #499
  • Oct 6, 2019 7:24am Oct 6, 2019 7:24am
Quoting northwind
Hi Ty, Thank you for sharing your basket trading strategy and tools. From everyone's results looks like this is very profitable approach. I've been reading the thread for several days and subscribed today. Downloaded and installed all files and created C5 H4 & H1 offline charts. Seems I have missed a key set up piece. I have two questions: 1. The Basket_Create template applied to GBPJPY H1 chart only creates C5 H1 & H4 charts. No other time frames or Core baskets. How do I create C12 basket, or other baskets? 2. How do I create other off line charts...
Hi northwind,

Thanks for joining in.

Quote
Seems I have missed a key set up piece. I have two questions: 1. The Basket_Create template applied to GBPJPY H1 chart only creates C5 H1 & H4 charts. No other time frames or Core baskets. How do I create C12 basket, or other baskets?

I think, just like you said, you probably missed a key set up piece. The reason I say so is:
Quote
#5. Apply the ! Ty's_BasketCreator_Phase2_(H4+H1+m15 of Core5, Core14 and Core12) template over the GBPJPY H1 chart. This will create H4, H1, and m15 offline basket charts EACH for Core5, Core12, and Core14 baskets.
If memory serves me right, I actually created the template to automatically create C5, C12, and C14 files in H4, H1, and m15 Time frames by default. So check again and see if MAYBE something is up on your end?

Quote
2. How do I create other off line charts with different time frames, i.e. M15?
When you've sorted out issue #1 above, simply TRY what aaven mentioned in the post above: https://www.forexfactory.com/showthr...4#post12543164

I hope this helps.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #500
  • Oct 6, 2019 7:25am Oct 6, 2019 7:25am
Quoting aaven
{quote} Northwind, One possible check you could perform is: Make sure you have the relevant symbols in the watch-list- C14-means 14 pairs-so those pairs have to be there...++ Load the "ForceHistoricalData" for filling up of historical data... As for the other question to create other offline charts- It looks the indicator"basket create....._670et", checks for a file under "MQL4>File" So, create a note pad with the names of symbols you want- drag the "basket create indi' on a blank chart- under the inputs- "import_pair_list_name" you give the name...
Thanks for your input aaven. You are correct.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
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