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Basket Knights - A Basket Trading Round Table

  • #561
  • Oct 11, 2019 9:54am Oct 11, 2019 9:54am
Quoting aaven
{quote} Ty, Can you please help me understand the reason for you to be on the sidelines? Is my understanding right: The tidane trend is the overriding factor, and fundamentals are used to supplement the reasons/subjectivity, in this case, was your decision based on fundamentals? Thanks
No aaven.

I (i.e. Me) am on the sidelines simply based on hunch and my discomfort with the current Bullish move. I have banked a lot of pips and I'm unwilling to let them go. I like moves which are based on TANGIBLE reasons and like I've tried to explain above - I just don't see what this move is about. They mention the USA/China deal ALMOST going through, they mention the BREXIT negotiations finding a "pathway/tunnel" which both sides FEEL they can agree on. Meanwhile, NO ONE is saying anything concrete.

I will trade this Buy basket BUT I simply decided that I will WAIT for a DC (I mentioned this above). This (IMHO) will allow the market settle down and allow us TEST the veracity of this current Buy basket. As you can see this has cost me A LOT of potential pips (I could have made thousands of pips on this Buy basket already) but that's a "price" I'm willing to pay.

Remember that staying on the sidelines is ALSO a strategy in itself.

I hope you understand a little better now.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #562
  • Oct 11, 2019 10:42am Oct 11, 2019 10:42am
Quoting TyLamai
{quote} No aaven. I (i.e. Me) am on the sidelines simply based on hunch and my discomfort with the current Bullish move. I have banked a lot of pips and I'm unwilling to let them go. I like moves which are based on TANGIBLE reasons and like I've tried to explain above - I just don't see what this move is about. They mention the USA/China deal ALMOST going through, they mention the BREXIT negotiations finding a "pathway/tunnel" which both sides FEEL they can agree on. Meanwhile, NO ONE is saying anything concrete. I will trade this Buy basket BUT...
Thanks Ty... It makes sense...
  • #563
  • Oct 14, 2019 5:55am Oct 14, 2019 5:55am
Possible Discount happening on C5-H1-Potential Entry opportunity to align with C5-H4 Buy

Attached Image (click to enlarge)
Click to Enlarge Name: #TyC5#05H1.png Size: 52 KB
  • #564
  • Oct 14, 2019 7:12am Oct 14, 2019 7:12am
Quoting aaven
Possible Discount happening on C5-H1-Potential Entry opportunity to align with C5-H4 Buy {image}
Very correct aaven. Thanks for posting.

Quote
I will trade this Buy basket BUT I simply decided that I will WAIT for a DC (I mentioned this above). This (IMHO) will allow the market settle down and allow us TEST the veracity of this current Buy basket. As you can see this has cost me A LOT of potential pips (I could have made thousands of pips on this Buy basket already) but that's a "price" I'm willing to pay.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #565
  • Oct 14, 2019 9:04am Oct 14, 2019 9:04am
C12 H4 Buy basket is still valid...

Regards and Stay fluid,

Ty
Attached Image (click to enlarge)
Click to Enlarge Name: 00w9a1a_#TyC5#12H1.png Size: 44 KB
My job: I speculate and manage risk.
  • #566
  • Oct 14, 2019 10:30am Oct 14, 2019 10:30am
Quoting TyLamai
C12 H4 Buy basket is still valid... Regards and Stay fluid, Ty {image}
C12 H4 Buy basket is still valid...+241 pips banked so far with -45 pips floating.
Attached Image


I intend to do A LOT of fixed TP-ing (and TIGHT SL-ing) on this current Buy basket...still have no trust for it.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #567
  • Oct 14, 2019 4:30pm Oct 14, 2019 4:30pm
Quoting TyLamai
DC on m15 Regards and Stay fluid, Ty {image}
Ty,

In the above example- the H4 bias was long. For re-entry on the 15 minute; should one wait for brekout/break of previous swing high or enter buy when tidane on 15 min shows buy signal?

Attached Image (click to enlarge)
Click to Enlarge Name: w004c6. #TyC5#05M15.png Size: 35 KB


Thanks
  • #568
  • Oct 14, 2019 4:37pm Oct 14, 2019 4:37pm
Quoting aaven
{quote} Ty, In the above example- the H4 bias was long. For re-entry on the 15 minute; should one wait for brekout/break of previous swing high or enter buy when tidane on 15 min shows buy signal? {image} Thanks
aaven the choice is YOURS (based on what you are comfortable with)...I've answered this question extensively here (https://www.forexfactory.com/showthr...1#post12549271) already.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #569
  • Oct 14, 2019 4:41pm Oct 14, 2019 4:41pm
Quoting TyLamai
{quote} C12 H4 Buy basket is still valid...+241 pips banked so far with -45 pips floating. {image} I intend to do A LOT of fixed TP-ing (and TIGHT SL-ing) on this current Buy basket...still have no trust for it. Regards and Stay fluid, Ty
C12 H4 Buy basket is still valid...+299 pips banked so far with +76 pips floating.
Attached Image


Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #570
  • Oct 14, 2019 4:44pm Oct 14, 2019 4:44pm
Quoting TyLamai
{quote} aaven the choice is YOURS (based on what you are comfortable with)...I've answered this question extensively here (https://www.forexfactory.com/showthr...1#post12549271) already. Regards and Stay fluid, Ty
Appreciate it Ty...
  • #571
  • Oct 15, 2019 1:37am Oct 15, 2019 1:37am
Jumped in again...and progressing nicely

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-10-15 at 08.33.22.png Size: 922 KB
  • #572
  • Oct 15, 2019 3:25am Oct 15, 2019 3:25am
Quoting TyLamai
{quote} C12 H4 Buy basket is still valid...+299 pips banked so far with +76 pips floating. {image} Regards and Stay fluid, Ty
Hi TyLamai.
Sorry for bad English, I use google translator. Please, is there an EA that shows traded points by days?
Thank you.
  • #573
  • Oct 15, 2019 5:18am Oct 15, 2019 5:18am
Quoting harmonie
{quote} Hi TyLamai. Sorry for bad English, I use google translator. Please, is there an EA that shows traded points by days? Thank you.
Hi harmonie,

Are you referring to the indicator that produces these reports/statistics/numbers?
Attached Image


If yes, then search for i-Profittracker (it's available on forexfactory).

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #574
  • Oct 15, 2019 5:23am Oct 15, 2019 5:23am
Quoting TyLamai
{quote} C12 H4 Buy basket is still valid...+299 pips banked so far with +76 pips floating. {image} Regards and Stay fluid, Ty
C12 H4 Buy basket is still valid...+645 pips banked so far with -338 pips floating.
Attached Image


Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #575
  • Oct 15, 2019 9:42am Oct 15, 2019 9:42am
Fundies: Truths and Rumours.

"Deal or No Deal - Pound Holds Bid
It's been another night of Brexit drama in FX markets with rumors, headlines and statements dominating trade in cable as the unit swing back and forth on the latest state of negotiations.

After rallying hard at the start of London open the pair topped out ahead of the 1.2700 figure and then drifted towards 1.2600 as Michelle Barnier poured cold water on hopes of a deal just yet. Mr. Barnier said to have told EU27 members that the latest proposals were not enough for a deal.

Cable tumbled on the news but held bid ahead of the 1.2600 figure as the default assumption of the market remains that no deal will result in a delay extension rather than the last-minute crash out of UK from EU.

As we've noted many times before if Mr. Johnson is serious about delivering Brexit then he will have to sacrifice the DUP and their insistence on a hard Northern Ireland customs border and try to sell the deal in Parliament to moderate Tories and Brexit leaning Laborites. Whether he will ultimately succeed remains to be seen, but the market has essentially assumed that regardless of what happens the UK will remain in EU until a deal is done.

Still, the pair remains vulnerable to disappointment if not deal in principle is agreed to at today's EU 27 summit. Talks can go until October 31st, but an agreement today would be a coup for Mr. Johnson who would enjoy a massive PR boost as he tries to convince Parliament to approve the deal.

While cable remains the center of focus and the primary volatility trade in FX, elsewhere the action is very quiet, with the rest of the major contained to narrow ranges as markets await more progress on US-China talks. With no major events on the eco calendar, the rangebound trading could continue for the rest of the day." - Boris Schlossberg, BK Asset Management


Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #576
  • Oct 15, 2019 9:47am Oct 15, 2019 9:47am
Quoting TyLamai
{quote} C12 H4 Buy basket is still valid...+645 pips banked so far with -338 pips floating. {image} Regards and Stay fluid, Ty
C12 H4 Buy basket is still valid...+1,025 pips banked so far with -115 pips floating.
Attached Image


*The GBP has been excessively good to me during this Buy basket [EG, GF, GJ, & GU].

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #577
  • Oct 15, 2019 9:56am Oct 15, 2019 9:56am
New Basket Alert

This is for lovers of basket trading who would like to try something new. No GBP, No CHF. Heavy on commodity pairs.

RB7 Basket Pairs: CADJPY,AUDJPY,NZDJPY,EURJPY,AUDUSD,USDJPY,NZDUSD

Trading as:
Main direction: CADJPY,AUDJPY,NZDJPY,EURJPY,AUDUSD,USDJPY,NZDUSD,EURUSD,AUDCAD,NZDCAD
Opposite direction: AUDNZD,EURNZD,EURAUD,EURCAD,USDCAD

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-10-15 at 16.53.31.png Size: 931 KB
  • #578
  • Oct 15, 2019 10:01am Oct 15, 2019 10:01am
Quoting TyLamai
{quote} C12 H4 Buy basket is still valid...+1,025 pips banked so far with -115 pips floating. {image} *The GBP has been excessively good to me during this Buy basket [EG, GF, GJ, & GU]. Regards and Stay fluid, Ty
So good. I banked +1200 pips None floating on C14 basket.

I will now sit on the sidelines until a retrace and another opportunity for re-entry presents itself.
  • #579
  • Oct 15, 2019 10:02am Oct 15, 2019 10:02am
Quoting bishopdotun
Jumped in again...and progressing nicely {image}
Banked.
  • #580
  • Oct 15, 2019 10:08am Oct 15, 2019 10:08am
Quoting bishopdotun
New Basket Alert This is for lovers of basket trading who would like to try something new. No GBP, No CHF. Heavy on commodity pairs. RB7 Basket Pairs: CADJPY,AUDJPY,NZDJPY,EURJPY,AUDUSD,USDJPY,NZDUSD Trading as: Main direction: CADJPY,AUDJPY,NZDJPY,EURJPY,AUDUSD,USDJPY,NZDUSD,EURUSD,AUDCAD,NZDCAD Opposite direction: AUDNZD,EURNZD,EURAUD,EURCAD,USDCAD {image}
Thanks Bishop-Once i have a handle on the basics/core groups- i will definitely will be expanding to the commodity group...
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