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Signals for Simplicity

  • #821
  • Oct 27, 2008 8:29am Oct 27, 2008 8:29am
pls wats the setting of ur basket indicator is it 50/40
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #822
  • Oct 27, 2008 8:51am Oct 27, 2008 8:51am
Quoting lordgbengs
pls wats the setting of ur basket indicator is it 50/40
Hi !

Settings are 50/40 as mentioned by Julius (T101)

Greetings

Bernhard
  • #823
  • Edited 8:56am Oct 27, 2008 8:55am | Edited 8:56am
Julius /Trader101,


in your basket indicator I am curious what the per and per1 control?

is this a time period amount?

I would just like to know what the implications are by changing these values to something else... or to better understand what it is I am changing?

In other words, what does Per / Per1 control in respect to the indicator.

I've already played around with it a bit, but I want to understand what it is I am changing?

Thanks.

edit: I am not saying it is necessary or unnecessary to change the settings.
  • #824
  • Edited 10:00am Oct 27, 2008 9:45am | Edited 10:00am
Quoting behof
Hi Folks !

Attached you will find a similar chart of EUR/JPY as posted before.
I've changed the time frame of the basket indicator to 30min and 5min.
30 min still crossed and after 5min cross I went long.

Julius could you comment my entry ?

Happy Pippin

Bernhard
Dear Behof,

Why do u spend so much times on your new indy concepts
when u did not have any winning track records yet

I just want to say that if you can set your new indy on all charts and still get the same result then you can assume that you got it rite

but likely , it does not

cuz, i knew it

PLS ,PLS ,PLS Don't confused all New Comers

why don't u just use Julius' indy instead and focus on how to use it more effective

Even we have the best signal system but without practice and use it properly we 're still not success

if It's a child's play then everyone will be a millionaire


Regard

Kevin
  • #825
  • Oct 27, 2008 10:25am Oct 27, 2008 10:25am
Quoting LaTeCoMeR
Dear Behof,

Why do u spend so much times on your new indy concepts
when u did not have any winning track records yet

I just want to say that if you can set your new indy on all charts and still get the same result then you can assume that you got it rite

but likely , it does not

cuz, i knew it

PLS ,PLS ,PLS Don't confused all New Comers

why don't u just use Julius' indy instead and focus on how to use it more effective

Even we have the best signal system but without practice and use it properly we 're still not success

if It's a child's play then everyone will be a millionaire


Regard

Kevin
Hi Kevin !

Perhaps there is alittle misunderstanding
I don't want to mislead any people here.
I'm using the basket indicator and only want a confirmation
regarding the used time frames and settings.

The other chart is not necessary for the system.

I'm trading ny own system very successfully and only want to trade
Julius system in the long run.

Thats just my interest.

I've just quit my daily job because I was pissed off of whats going on
in the company.

I'm involved in this stuff many years before and know the basics...

So its just my 2 cents....

I will be quiet now and see whats going on here......

Greetings

Bernhard
  • #826
  • Oct 27, 2008 2:04pm Oct 27, 2008 2:04pm
With great sadness I must inform you that t101 give up totaly this time.
There will be no more postings from t101 ever.
http://www.forexfactory.com/showpost...&postcount=675
Too bad.........
Trader101, you will not be forgoten bro.
forexflash
  • #827
  • Oct 27, 2008 3:56pm Oct 27, 2008 3:56pm
It is very sad indeed that Trader101 is gone once again.

I wish that both people who are trying to learn and the person who is instructing would be more patient and respectful towards each other. Oh well nothing is perfect in this life. At least we got a great start of a truly innovative system.

Speaking of the system, I was wondering if any of you can indulge me and speculate as to the exact method Trader101 used to select the basket of CCYs. He promised to explain this in one of his earlier postings, but never got around to it.

I understand the general principal of all CCYs in the basket being balanced, but not actual mechanics of what we would need to do to make the selections.

Anyone has any ideas?

Thanks,

Alex
  • #828
  • Oct 27, 2008 6:38pm Oct 27, 2008 6:38pm
looks like no need to include the Aussie in your short moves.




By Reuters, Oct 27, 2008 7:23pm (13 min ago), Topic Market Insights Australia cenbank says intervenes to buy A$
SYDNEY, Oct 28 (Reuters) - Australia's central bank intervened in currency markets on Tuesday to support the Australian dollar as it slid towards fresh 5- year lows against the U.S. dollar, a spokesman said.

The spokesman said the central bank was providing liquidity in an illiquid market.

This is the third straight day that the central bank has entered to prop up the beleagured Australian dollar, which has lost more than 35 percent against the U.S. dollar since peaking in July.

(Reporting by Anirban Nag)
  • #829
  • Oct 28, 2008 12:01pm Oct 28, 2008 12:01pm
Short the Universal basket based on anchor switching on the weekly column on the Orest1.14 AND
the basket bars hitting a resistence at 146668
Mark
  • #830
  • Oct 28, 2008 12:25pm Oct 28, 2008 12:25pm
Thats interesting MarkbCool. Everything I am looking at says go LONG. AUD, GBP, EUR, and NZD are all stronger and on top of USD, CHF, and JPY - which is being creamed right now.

You must be looking at a special reversal indicator of some kind. If you are right and this market tanks, I want your indicator!!!!

Slade
  • #831
  • Oct 28, 2008 12:35pm Oct 28, 2008 12:35pm
slade, where are you looking for this information about currencies? ferrux indicator? if it is a basket, what of they are you looking?

thanks in advance.
  • #832
  • Oct 28, 2008 12:36pm Oct 28, 2008 12:36pm
I have just made 915 pips just with buy all signal.Still holding on to the trade.
  • #833
  • Oct 28, 2008 1:15pm Oct 28, 2008 1:15pm
I was looking at the ordering of the pairs on Orest 1.14. Its also my view that the basket resembles the EURJPY pair, so I just look for where the EUR is and where the JPY is and where the others fall in between. I also compare the charts of the currencies to one another. But right now, I am not so sure. Signals have changed. There was also a big move down in the S&P 500 futures, which I have noticed moves fairly in synch with the EURJPY. The market is definitely pausing right now and getting ready for its next move. MarkBCool, you may be right. Perhaps I was looking at the APEX (which Julius spoke of in the old days of his thread) when the move was exhausted.

I am still experimenting with this system and with Orest. Today I have been scaling into the basket trade trend direction by riding only the pairs that make it to anchor in the lowest time frame that I use (which is 30M), then I follow them up through the higher time frames, trading 2-4 pairs at a time.

The Orest indi has a different twist to it also because it is dynamically moving in time (as I understand it) so that if you enter a trade based upon the 30 minute interval (which may be showing LONG strong), if you are still in that trade 60 minutes later, you would have to look at the next interval up (60 minutes) to keep following the trade. At that point, the 30M could change to Strong SELL and you are still in profit...so you have to have some kind of rules as to when to get out. I may be off with my interpretation of the Orest indi, but at least this is how I see it so far.

Slade
  • #834
  • Oct 28, 2008 2:21pm Oct 28, 2008 2:21pm
I have attached a screen shot of the LONG trades that I have been holding onto for a few hours now (GBPJPY and EURJPY). I was also long NZDJPY, AUDJPY, and USDJPY earlier but cut them loose during a reversal (big mistake!!). But anyways, what I was talking about before....

My first observation is that the GBP is one of the strongest (Buy GBPJPY is in the top anchor slot and Sell GBPCHF is in the bottom anchor slot (ie. strong buy). JPY is the weakest because its losing to every other currency that its paired up with (in every time frame up to 12H). EUR, AUD and NZD are also stronger than USD and CHF, for the pretty much the same reason. Just look at where they appear on the indicator. The further away from the middle and the closer to the anchor, the greater the difference in strength. And USD and CHF are stronger than JPY because USDJPY and CHFJPY are negative in every time frame up to 12H.

You can use meters, indicators and squiggly lines and such, but the IA (viewed through Orests indi) pretty much tells you everything you need to know if you just look at it and think about it.

Of course, these types of moves and this kind of analysis seems obvious in hindsight and during these wild volatile times when you get a huge move uip or down. Wonder what this will be like when the market cools down.

Slade
Attached Image (click to enlarge)
Click to Enlarge Name: 10.28.08 buy.gif Size: 83 KB
  • #835
  • Oct 28, 2008 3:04pm Oct 28, 2008 3:04pm
thanks for all these observations slade.
  • #836
  • Edited 3:41pm Oct 28, 2008 3:37pm | Edited 3:41pm
Quoting slade
I was looking at the ordering of the pairs on Orest 1.14. Its also my view that the basket resembles the EURJPY pair, so I just look for where the EUR is and where the JPY is and where the others fall in between. I also compare the charts of the currencies to one another. But right now, I am not so sure. Signals have changed. There was also a big move down in the S&P 500 futures, which I have noticed moves fairly in synch with the EURJPY. The market is definitely pausing right now and getting ready for its next move. MarkBCool, you may be right. Perhaps I was looking at the APEX (which Julius spoke of in the old days of his thread) when the move was exhausted.


Slade

Slade, thanks for your comments because my mind has gone in the same direction. The Orest just about tells you everything. One extra thing I do is watch the money. I go ahead and do a fresh all-buy or all-sell demo when I see things lining up. The money will tell you which are in line with your move and which aren't. For instance, I wasn't sure about UC or UChf today in a long move, and it also confirmed the weakness of Jpy. The other thing I have to make sure of is that the market isn't ranging. So I think MarkBCool said to consider the 4 Hr matching the daily. Today, however, because it was changing from a short trend to a long, I waited for the big move until the weekly also changed to long--a safer approach. That is when I caught 2 bursts myself in between other commitments. Now, I know that other people can get a lot more pips out of trading pairs, which I am still learning about, but this is my basket strategy for the most part. Any comments about this from the experts would be appreciated.


PS Julius, I wish you would please come back. There are people who are striving to save their retirement funds, who have begun to see they can actually achieve positive results. Forget those who differ. They aren't the majority of people who appreciate you and your system so much. There's always people who try to rain on someone's party. But just let it bounce off.
  • #837
  • Oct 28, 2008 8:39pm Oct 28, 2008 8:39pm
Have we begun and upward trend? Try drawing fibs and trendlines on basketbars and basket_indicator... its kinda fun.
Attached Image (click to enlarge)
Click to Enlarge Name: 10-28-2008 9-38-20 PM.gif Size: 63 KB
  • #838
  • Oct 29, 2008 12:15am Oct 29, 2008 12:15am
the indicator seem to be LONG now. let see whether it is right.http://www.tickjob.com/T101/t101a.gif
  • #839
  • Oct 29, 2008 12:22am Oct 29, 2008 12:22am
oop...never never trust the shorter timeframe.http://www.tickjob.com/T101/t101b.gif
  • #840
  • Oct 29, 2008 12:36am Oct 29, 2008 12:36am
I am seconding Galarama. Please Julius for the love of GOD and HUMANITY come back. Those detractors are agents of the devil do not take notice of them.

PS Julius, I wish you would please come back. There are people who are striving to save their retirement funds, who have begun to see they can actually achieve positive results. Forget those who differ. They aren't the majority of people who appreciate you and your system so much. There's always people who try to rain on someone's party. But just let it bounce off.[/quote]
Sweetjoshan
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