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Relative Strength Basket Trading System

  • #621
  • Nov 24, 2008 6:44am Nov 24, 2008 6:44am
Quoting eddiemiller
Right, big swing in values there.

It helps I imagine that there are lots of trades running - magnify the profit/loss.

Opened again on what I am told is the right way round and......
But why did u short? The indicator says ''WEAK''. Should not you have gone long with all JPY pairs?

Regards,
Peter
  • #622
  • Nov 24, 2008 6:47am Nov 24, 2008 6:47am
Quoting eddiemiller
Boom, crash and burn this one................
Eddie, could you tell me why you open SELL in this trade?

KG
  • #623
  • Nov 24, 2008 6:50am Nov 24, 2008 6:50am
Hey KG, so you using the H1 GBPJPY chart with the indicator to determine whether all other JPY pairs should be traded based on the one chart? If not, what chart pair determines the correct basket signal?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #624
  • Nov 24, 2008 6:54am Nov 24, 2008 6:54am
Quoting matrixebiz
Hey KG, so you using the H1 GBPJPY chart with the indicator to determine whether all other JPY pairs should be traded based on the one chart? If not, what chart pair determines the correct basket signal?
You can place indicator anywhere, as long as TF is H1.

Thanks

KG
  • #625
  • Nov 24, 2008 7:07am Nov 24, 2008 7:07am
Quoting Kang_Gun
You can place indicator anywhere, as long as TF is H1.

Thanks

KG
Ok, thanks

What do you do in rocky cross situations like this?
Attached Image
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #626
  • Nov 24, 2008 7:18am Nov 24, 2008 7:18am
Quoting matrixebiz
Ok, thanks

What do you do in rocky cross situations like this?
I open the trade when it's cross, And close the trade when it's cross again. but sometime i just set the total profit target only, and wait the cross to open the next trade.

KG
  • #627
  • Nov 24, 2008 7:24am Nov 24, 2008 7:24am
Quoting Jack2000
Look at post #611
Thanks he must have edited it while I was looking for it
once again thanks Jack
  • #628
  • Nov 24, 2008 7:33am Nov 24, 2008 7:33am
Quoting Kang_Gun
Eddie, could you tell me why you open SELL in this trade?

KG
Sorry can we be clear here - I have asked a few times and have become confused because xxx/JYP is always the second quoted pair.

KG

When WEAK Buy (short)
When STRONG Sell (long)

?????????????????????????????????????????
  • #629
  • Nov 24, 2008 7:39am Nov 24, 2008 7:39am
Hi all !!

are you all on this JPY up-trend ?it's been going since this afternoon. KG's indi detected this trend earlier this afternoon and my demo account has collected +1500 pips already. But, be careful, the RS indi is almost at the bottom.
  • #630
  • Nov 24, 2008 7:39am Nov 24, 2008 7:39am
Quoting eddiemiller
Sorry can we be clear here - I have asked a few times and have become confused because xxx/JYP is always the second quoted pair.

KG

When WEAK Buy (short)
When STRONG Sell (long)

?????????????????????????????????????????
What do you mean with short und long in brackets? If the JPY is weak->buy. When JPY is strong->sell.
  • #631
  • Nov 24, 2008 7:40am Nov 24, 2008 7:40am
Quoting eddiemiller
Sorry can we be clear here - I have asked a few times and have become confused because xxx/JYP is always the second quoted pair.

KG

When WEAK Buy (short)
When STRONG Sell (long)

?????????????????????????????????????????
Base on RS_GROUP_JPY V1.0:

When WEAK --> you have to BUY: GBPJPY, USDJPY, CADJPY, CHFJPY, AUDJPY. NZDJPY & EURJPY

When STRONG --> you have to SELL: GBPJPY, USDJPY, CADJPY, CHFJPY, AUDJPY, NZDJPY & EURJPY.

Hope it's clear now,

KG
  • #632
  • Nov 24, 2008 7:45am Nov 24, 2008 7:45am
Quoting kenshandjaya
Hi all !!

are you all on this JPY up-trend ?it's been going since this afternoon. KG's indi detected this trend earlier this afternoon and my demo account has collected +1500 pips already. But, be careful, the RS indi is almost at the bottom.
yup be carefull, just watch the indi....

KG
  • #633
  • Nov 24, 2008 7:55am Nov 24, 2008 7:55am
@ Kang Gun

Is it possible instead of only showing the numbers of the currencylevels (changes every refresh) to additional show the differences in value between the periods of refresh?
  • #634
  • Nov 24, 2008 9:13am Nov 24, 2008 9:13am
JPY is nearly zero. We can expect a chance for a short basket soon?
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  • #635
  • Nov 24, 2008 9:18am Nov 24, 2008 9:18am
hallo kang.,
is it possible to put some alarm to RS_GROUP_JPY V1.0: when it changes from weak to strong/strong to weak?

thx
  • #636
  • Edited 10:08am Nov 24, 2008 9:28am | Edited 10:08am
statment

At the time of posting this my secnd contract closed with 50% profit
Third Running profit

But now I am going to wait till it make a proper U turn
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  • #637
  • Nov 24, 2008 9:35am Nov 24, 2008 9:35am
Here is a fabulous basket, arranged in profitability order.

I took the sells when the JPY was strong. That basket went briefly into profit, then hurtled into loss when JPY weakened.

At about -400, I took out two baskets of buys - the result you can see for yourself. I am just about to close down the losers to see what happens, rather than just wait for the price to retrace to my locked in +310.

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  • #638
  • Nov 24, 2008 9:39am Nov 24, 2008 9:39am
Losers closed. Great big hole in the balance, but +1,400 locked in.

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  • #639
  • Nov 24, 2008 9:41am Nov 24, 2008 9:41am
I'm just sitting on the sides right now.
The red and the white are just running flat on top of each other. Any other thoughts for this set up. I've been getting killed but mostly my fault on the timing
  • #640
  • Nov 24, 2008 9:45am Nov 24, 2008 9:45am
Steve.....

I am having an issue with my settings.

I have set the Breakeven and jumping settings but hey only seem to be working on the USD/JPY trades (which is the only chart I have open.

Any reason for this?
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