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Basket Knights - A Basket Trading Round Table

  • #1,261
  • Oct 17, 2021 1:04am Oct 17, 2021 1:04am
It's an international strategy
Not sexy but winning
:-D
Cheers
jf (France)
  • #1,262
  • Oct 19, 2021 3:15pm Oct 19, 2021 3:15pm
I am subscribed. You have got great stuff here. This is the very first thread I am subscribing to on FF. My C5 H4 Chart is attached.
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  • #1,263
  • Oct 20, 2021 4:57pm Oct 20, 2021 4:57pm
Good to see you are still basketing!
  • #1,264
  • Oct 21, 2021 4:31am Oct 21, 2021 4:31am
I am really finding value here. I am new to this trading method. So far, backtesting has been great. This has really simplified trading for me and has removed the need for too much analysis. I am currently applying what I have learned here on a demo account. Thank you TY Lamai for sharing.
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  • #1,265
  • Oct 25, 2021 5:00am Oct 25, 2021 5:00am
Quoting TyLamai
{quote} Oh yes! But in staggered fashion (a.k.a. Selective basketting). Like I mentioned on the flip side, what I'm seeing is a bloody range. Fundies are not in alignment and I sure won't be flying into trades anyhow. When the basket is thus, I usually trade DCs solely. This allows me take advantage of better R2Rs. Well done. Regards and Stay fluid, Ty
H4 Bias = Sell.
Selected pairs: GBPJPY and AUDJPY only.

...as I was saying about two years ago (quoted above for your convenience)...

Here's an example of the power of Staggered (Selective) basketting unleashed on a Prop firm's Challenge account...

Attached Image

*Guess the Equity in play here...?

Regards,
Ty
My job: I speculate and manage risk.
  • #1,266
  • Oct 25, 2021 5:59am Oct 25, 2021 5:59am
Quoting TyLamai
{quote} H4 Bias = Sell. Selected pairs: GBPJPY and AUDJPY only. ...as I was saying about two years ago (quoted above for your convenience)... Here's an example of the power of Staggered (Selective) basketting unleashed on a Prop firm's Challenge account... {image} *Guess the Equity in play here...? Regards, Ty
+6.96% Banked. Done for the day.

Attached Image

Regards,
Ty
My job: I speculate and manage risk.
  • #1,267
  • Oct 27, 2021 1:23pm Oct 27, 2021 1:23pm
Quoting TyLamai
{quote} +6.96% Banked. Done for the day. {image} Regards, Ty
Not all days are +6% plus days...but it all adds up.

H4 = Sell
Selected pair: GBPUSD

Attached Image

Only +0.45% left to hit the goal of 10%


Regards,
Ty
My job: I speculate and manage risk.
  • #1,268
  • Nov 11, 2021 12:13pm Nov 11, 2021 12:13pm
Quoting Blaiserboy
I use this to keep an eye on the different groupings {image}
By chance do you have the template file for this
  • #1,269
  • Nov 12, 2021 3:42am Nov 12, 2021 3:42am
Hi there, just started looking at this really interesting thread, got the chart up and running.. but this - has anyone seen such a thing..? When I scroll back, the chart is normal, but scrolling all the way to the right - gives me this weirdo.... ANY help much appreciated
Attached Image (click to enlarge)
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  • #1,270
  • Nov 14, 2021 10:24am Nov 14, 2021 10:24am
Quoting TyLamai
Hi guys, {image} If this gets enough interests (by way of Likes), then I might give an update on combining Basketting with Order Blocks... Regards, Ty
Dear Ty Master , yes please, would love to hear more about Order Blocks, TIA )
  • #1,271
  • Dec 12, 2021 10:16pm Dec 12, 2021 10:16pm
Quoting Yaya21
Hi there, just started looking at this really interesting thread, got the chart up and running.. but this - has anyone seen such a thing..? When I scroll back, the chart is normal, but scrolling all the way to the right - gives me this weirdo.... ANY help much appreciated {image}
Hi Yaya21,

Try and refresh your Basket Creator indicators by accessing their parameters and clicking on ok several times. You seem to have missing candles on your chart...I think.

Regards,
Ty
My job: I speculate and manage risk.
  • #1,272
  • Jan 20, 2022 4:04pm Jan 20, 2022 4:04pm
Quoting TyLamai
{quote} Hi Yaya21, Try and refresh your Basket Creator indicators by accessing their parameters and clicking on ok several times. You seem to have missing candles on your chart...I think. Regards, Ty
Thanks so much, Ty! I got it all to work, sometimes I guess MT4 takes it's time to get it's s*** together..
Anyway, I've been reading and reading this wonderful thread - thank you for such clear and interesting posts !
I was wondering if there's a telegram group or similar ?
Thanks so much again!
  • #1,273
  • Mar 5, 2022 9:23am Mar 5, 2022 9:23am
Hi TyLamai,

Would like to know how you are trading using this strategy through this testing time. Has it changed anything concerning how you trade?!!
"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #1,274
  • Mar 6, 2022 4:47am Mar 6, 2022 4:47am
Hi TyLamai,

I have noticed something while creating the C5 basket, the H4 chart has a really huge gap....I don't know if that is normal or its an anomaly. Would anyone be kind enough to verify for me please?
Attached Image (click to enlarge)
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"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #1,275
  • Mar 20, 2022 8:37am Mar 20, 2022 8:37am
@TyLamai
Thank you for this brilliant thread. Can you create a basket for Indices? Nasdaq, Dow, S&P500, Dax30, Nikkei225, Nifty50, Russel2000, Euro50...?
  • #1,276
  • Mar 22, 2022 7:21am Mar 22, 2022 7:21am
Anyone long baskets?
Attached Image
Pip Student
  • #1,277
  • Edited 10:53am Mar 22, 2022 10:41am | Edited 10:53am
Quoting Yaya21
{quote} Thanks so much, Ty! I got it all to work, sometimes I guess MT4 takes it's time to get it's s*** together.. Anyway, I've been reading and reading this wonderful thread - thank you for such clear and interesting posts ! I was wondering if there's a telegram group or similar ? Thanks so much again!
Glad that you got it to work Yaya21.

Unfortunately I don't manage a Telegram group at the moment for Basket trading. Since this trading strategy is considered by most traders not to be as sexy as other methods (its huge profitability be damned!) running a Telegram group is actually not on the cards at this time.

Regards,

Ty
My job: I speculate and manage risk.
  • #1,278
  • Mar 22, 2022 10:47am Mar 22, 2022 10:47am
Quoting Nonip
Hi TyLamai, Would like to know how you are trading using this strategy through this testing time. Has it changed anything concerning how you trade?!!
Hi Nonip,

Still trading it as usual:
- Signal
- Discount
- Continuation

Nothing's changed. Same system posted all over this thread. The discounting allows you to enter a trade at the most optimal point possible (in my opinion) win or lose.

Thanks for stopping by.

Regards,

Ty
My job: I speculate and manage risk.
  • #1,279
  • Mar 22, 2022 10:56am Mar 22, 2022 10:56am
Quoting Nonip
Hi TyLamai, I have noticed something while creating the C5 basket, the H4 chart has a really huge gap....I don't know if that is normal or its an anomaly. Would anyone be kind enough to verify for me please? {image}
Hi Nonip,

Kindly see this post on how to solve that gap issue: https://www.forexfactory.com/thread/...2#post13821522

Regards,

Ty
My job: I speculate and manage risk.
  • #1,280
  • Mar 22, 2022 11:01am Mar 22, 2022 11:01am
Quoting Simms
@TyLamai Thank you for this brilliant thread. Can you create a basket for Indices? Nasdaq, Dow, S&P500, Dax30, Nikkei225, Nifty50, Russel2000, Euro50...?
@Simms, I'm certain that some mad coder somewhere can create a basket for indices but certainly not me! Lol (Wish I could though)


Regards,

Ty
My job: I speculate and manage risk.
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