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Basket Knights - A Basket Trading Round Table

  • #621
  • Oct 22, 2019 6:25am Oct 22, 2019 6:25am
Quoting candyman752
hi ty here my offline chart{image} please pm the group link
PM sent!

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #622
  • Oct 22, 2019 6:26am Oct 22, 2019 6:26am
Quoting TyLamai
What you see is an m15 DC. What I see is a Brexit Deal Vote slated for later in the British HoC.: Boris Johnson Finally Gets to Put His Brexit Deal to the Vote What I advice (especially if you have itchy fingers) is to look to the CAD or RB7 basket (if you must) and be patient with the C14 (for now). Regards and Stay fluid, Ty
Just continue to buy the dips and take small profits along the way until trend change.

Rinse and repeat.

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  • #623
  • Oct 22, 2019 6:36am Oct 22, 2019 6:36am
Fundies: Truths and Rumours.


"Pound Wobbles Ahead of Meaningful Vote
Its been a very quiet night of trade in FX today with most pairs stuck in very narrow ranges with little newsflow to move price either way. Cable, however, was weaker ahead PM Johnson's meaningful vote later today.

It appears that the Prime Minister may have the votes to get his deal approved, although the margin is slim and last-minute drama is always a possibility. However, even if the PM can get the vote through Parliament there is considerable opposition to the timetable of the deal as Mr. Johnson is eager to ram the Brexit deal through ahead of the October 31st deadline.

The MPs are very concerned that such a complex deal with many of the trade provisions with EU not yet negotiated, would be rushed through Parliament without much scrutiny. Mr. Johnson, on the other hand, is set on delivering a Brexit deal before the deadline and the next two weeks will be a battle of wills between him and Parliament.

The markets, of course, are eager for a resolution and any uncertainty will bring out profit-taking flows in cable. The pair fell sharply at the start of the London trade and is holding below 1.2950 figure, but could once again rally through 1.3000 if the meaningful vote passes later today.

Elsewhere, Justin Trudeau will remain Prime Minister for a second term in Canada albeit running a minority government. The loonie had very little reaction to the news as the generally expansive fiscal policies will continue under the new regime. Today the market will get a glimpse at CAD Retail Sales which are expected to be flat from the month prior, but if the number beats USDCAD could test the 1.3050 once again as the bottom end of the long term range will be probed by the shorts." - Boris Schlossberg, BK Asset Management

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #624
  • Oct 22, 2019 6:39am Oct 22, 2019 6:39am
Quoting bishopdotun
{quote} Just continue to buy the dips and take small profits along the way until trend change. Rinse and repeat. {image}
No argument from me!

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #625
  • Oct 22, 2019 7:36am Oct 22, 2019 7:36am
Quoting TyLamai
{quote} What I'm saying is: What if these come out bad for the CAD...or good but ignored (a.k.a. "factored in")...? {image} Regards and Stay fluid, Ty
Hmmmm...
2 down, 1 to go.
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*I know I'm being a tad melodramatic but hey...it suits the season doesn't it?


Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #626
  • Edited 9:19am Oct 22, 2019 8:45am | Edited 9:19am
Ty, got everything set up last week and entered trades even though trend has been going a while to monitor to re-educate myself on basket trading. Started off positive but been negative which brings to my question. I read a lot of people avoid basket trading due to large DD. Are there any simple rules you follow or recommend to best handle DD. I apologize in advance if you covered in another post.

Rando

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  • #627
  • Oct 22, 2019 9:45am Oct 22, 2019 9:45am
Quoting TyLamai
{quote} Hmmmm... 2 down, 1 to go. {image} *I know I'm being a tad melodramatic but hey...it suits the season doesn't it? Regards and Stay fluid, Ty
Business Outlook Survey--Autumn 2019

Results from the autumn Business Outlook Survey indicate that business sentiment improved slightly, but regional differences are more pronounced. Positive views in Central Canada contrast with widespread weakness in the Prairies. • Indicators of future sales suggest moderate sales growth ahead. Sales expectations are positive in most regions, notably in Quebec, but are soft in the Prairies. Foreign demand continues to support export sales prospects, though they are being weighed down by trade tensions. • Investment and hiring plans are healthy, mainly outside the energy-producing regions...More: https://www.forexfactory.com/news/95...ey-autumn-2019

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #628
  • Oct 22, 2019 10:05am Oct 22, 2019 10:05am
Hi finally read till last post. May i join your grup to discuss this strategy. Thanks
  • #629
  • Oct 22, 2019 2:31pm Oct 22, 2019 2:31pm
Quoting Randolermo
Ty, got everything set up last week and entered trades even though trend has been going a while to monitor to re-educate myself on basket trading. Started off positive but been negative which brings to my question. I read a lot of people avoid basket trading due to large DD. Are there any simple rules you follow or recommend to best handle DD. I apologize in advance if you covered in another post. Rando {image}
You are correct Randolermo, I've covered this extensively in other posts on this thread.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #630
  • Edited 11:54pm Oct 22, 2019 5:36pm | Edited 11:54pm
Hi
I d like to ask. do i need to reisntal the indicator everytime i close my laptop?
or maybe i need to reisntal once aweek?
Becouse today when i look at the chart then i reinstall it. It shows me different chart.\

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this chart after i reinstall the indi
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this chart from last night


Regards
  • #631
  • Oct 23, 2019 2:16am Oct 23, 2019 2:16am
Coming off the dip or heading for a trend change?

Longs still active

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  • #632
  • Oct 23, 2019 5:05am Oct 23, 2019 5:05am
Quoting awp
Hi I d like to ask. do i need to reisntal the indicator everytime i close my laptop? or maybe i need to reisntal once aweek? Becouse today when i look at the chart then i reinstall it. It shows me different chart.\ {image} this chart after i reinstall the indi {image} this chart from last night Regards
awp,

No need to reinstall it. When you open the MT4 after sometime, it looks like it is loading the data and could miss some bars. Just wait for a minute or so and close and re-open it again. It should fill those gaps and the charts should look fine.

Basically, these charts are being custom generated and just open and close the mt4 two times... That should fix it...
  • #633
  • Edited 6:26am Oct 23, 2019 5:50am | Edited 6:26am
Quoting aaven
{quote} awp, No need to reinstall it. When you open the MT4 after sometime, it looks like it is loading the data and could miss some bars. Just wait for a minute or so and close and re-open it again. It should fill those gaps and the charts should look fine. Basically, these charts are being custom generated and just open and close the mt4 two times... That should fix it...
thanks for your reply. Btw today the trend is still up? is it true?
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  • #634
  • Oct 23, 2019 9:32am Oct 23, 2019 9:32am
Hi TyLamai. I repeatedly try to download and unzip the rar file. I'm not doing it. Will you advise me, please? Thanks.
  • #635
  • Oct 23, 2019 2:47pm Oct 23, 2019 2:47pm
Quoting harmonie
Hi TyLamai. I repeatedly try to download and unzip the rar file. I'm not doing it. Will you advise me, please? Thanks.
You need a software called winrar...

https://www.rarlab.com/download.htm
  • #636
  • Oct 23, 2019 2:49pm Oct 23, 2019 2:49pm
Quoting awp
{quote} thanks for your reply. Btw today the trend is still up? is it true? {image}
Change of trend is identified by Tidane Indicator on 4 HR on candle closing...As you can see, there is no signal for change to downtrend...
  • #637
  • Oct 23, 2019 4:43pm Oct 23, 2019 4:43pm
Quoting awp
{quote} thanks for your reply. Btw today the trend is still up? is it true? {image}
The answer is obviously in front of you. PLUS: You said you've read all of this thread yes?

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #638
  • Oct 23, 2019 4:44pm Oct 23, 2019 4:44pm
Quoting harmonie
Hi TyLamai. I repeatedly try to download and unzip the rar file. I'm not doing it. Will you advise me, please? Thanks.
Again, THIS has been sorted out severally on this thread.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #639
  • Oct 23, 2019 4:46pm Oct 23, 2019 4:46pm
Quoting awp
Hi I d like to ask. do i need to reisntal the indicator everytime i close my laptop? or maybe i need to reisntal once aweek? Becouse today when i look at the chart then i reinstall it. It shows me different chart.\ {image} this chart after i reinstall the indi {image} this chart from last night Regards
Asked and answered on this thread.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #640
  • Oct 23, 2019 4:54pm Oct 23, 2019 4:54pm
Quoting TyLamai
{quote} All positions banked!...+3,038 pips banked so far with 0 pips floating. {image} I'll wait and see if another DC presents itself. Regards and Stay fluid, Ty
C12 H4 Buy basket is still valid...+3,038 pips banked so far with +268 pips floating.
Attached Image


Regards and Stay fluid,

Ty
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My job: I speculate and manage risk.
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