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Relative Strength Basket Trading System

  • #1,021
  • Nov 27, 2008 12:52pm Nov 27, 2008 12:52pm
Guys, plz tell me, do i use all indicators or not ? (I use only JPY pairs)
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  • #1,022
  • Nov 27, 2008 1:05pm Nov 27, 2008 1:05pm
HI EJ

Some nice startegy is unfolding with this system for entry and exit but I started today with ranging market and I like to see how it is going to work
in trending market also. once I am confident about it by using the great indicator of KG, I will of course share with you all and discuss over it to see it is full proof and not a one of affair
  • #1,023
  • Nov 27, 2008 4:39pm Nov 27, 2008 4:39pm
Quoting fxairy
Dear Kang_Gun, I have really read 46 pages and have already got confused in versions of indicators. My dear!, PLZ update the your first post, with last versions of indicators. Please! It is very easy to get confused in versions. This happened with me. Thanks!
And so, I have understood with system and it excellent!

Thanks!
Dear fxairy,

I have wrote in the first page about it. Please RE-READ AGAIN the 1st Post. And we still under development to make the RULES.

Thanks

KG
  • #1,024
  • Nov 27, 2008 4:41pm Nov 27, 2008 4:41pm
Quoting fxairy
Guys, plz tell me, do i use all indicators or not ? (I use only JPY pairs)
IF YOU READ The FIRST POST I BELIEVE YOU KNOW WHICH INDICATORS THAT WE USE IN THIS PHASE.

We use KG RS GROUP and RS_GROUP_JPY only in the latest phase.

Hope it's help

KG
  • #1,025
  • Nov 27, 2008 5:52pm Nov 27, 2008 5:52pm
OK harigp,

waiting for it...

thanks a lot.
  • #1,026
  • Nov 27, 2008 6:49pm Nov 27, 2008 6:49pm
cb

Have you opened the chart gj with our fibo. now the chart shows j is stronger j +89 g - is weak . you also closely
monitor and let me know what could be our next move
  • #1,027
  • Nov 27, 2008 6:55pm Nov 27, 2008 6:55pm
Quoting harigp
cb

Have you opened the chart gj with our fibo. now the chart shows j is stronger j +89 g - is weak . you also closely
monitor and let me know what could be our next move
hi harigp,

i already opened SELL GBPJPY... now in $20 floating profit.
thanks
  • #1,028
  • Nov 27, 2008 7:01pm Nov 27, 2008 7:01pm
HI CB

Good but some reversal could be on the way so closely monitor the lines of j and g
  • #1,029
  • Nov 27, 2008 7:11pm Nov 27, 2008 7:11pm
yeah, i got a little bit reversal here...

the floating profit down to +$8

thanks
  • #1,030
  • Nov 27, 2008 7:15pm Nov 27, 2008 7:15pm
HiCB

I suggest you close it and go for buy as you can see the g is coming up and j is coming down and the target is 38.2 fibo
  • #1,031
  • Nov 27, 2008 7:17pm Nov 27, 2008 7:17pm
hi harigp,

how do you it will come a little reversal?

thanks
  • #1,032
  • Nov 27, 2008 10:09pm Nov 27, 2008 10:09pm
Gj Trade Target Reached
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  • #1,033
  • Nov 28, 2008 12:16am Nov 28, 2008 12:16am
hello Harigp
why our charts is diferent? maybe our setup is diferent.
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  • #1,034
  • Nov 28, 2008 12:40am Nov 28, 2008 12:40am
hi lt


I HAVE ATTACHED GJ LINES BY MISTAKE IN AJ CHART
  • #1,035
  • Nov 28, 2008 12:52am Nov 28, 2008 12:52am
Steve,

How is the indi?
Found something?

Thanks

KG
  • #1,036
  • Nov 28, 2008 1:15am Nov 28, 2008 1:15am
Quoting Kang_Gun
Steve,

How is the indi?
Found something?

Thanks

KG
Nothing new, KG, but some reinforcement of early thoughts.

I have a separate demo with charts open for just the 6 pairs available to me at IBFX. They all have a 54 MA - no particular reason for 54, so if anybody knows a better setting for this, please sing out.

Three of the charts are above the MA's, 3 are below and all the prices have been flat for a while. RS_GROUP_JPY has been wandering from strong to weak for fun. All this suggests to me that this is a good time to stay out of the market.

  • #1,037
  • Nov 28, 2008 1:26am Nov 28, 2008 1:26am
Quoting SteveHopwood
Nothing new, KG, but some reinforcement of early thoughts.

I have a separate demo with charts open for just the 6 pairs available to me at IBFX. They all have a 54 MA - no particular reason for 54, so if anybody knows a better setting for this, please sing out.

Three of the charts are above the MA's, 3 are below and all the prices have been flat for a while. RS_GROUP_JPY has been wandering from strong to weak for fun. All this suggests to me that this is a good time to stay out of the market.

OK.. let me show you something... hehehehehehe

You've already open 6 chart, now this what you have to do:

- Apply EMA 24 price High & low
- Apply EMA 120 price High & Low
- Apply EMA 480 price High & Low

So you will have 6 EMA on your chart. Just use different color to make you easy read them.

What is it for ?

EMA 24 H&L will tell you the border for 24 hours trend. (Daily Trend)
EMA 120 H&L will tell you the border for 120 hours trend. (Weekly trend)
EMA 480 H&L will tell you the border for 480 hours trend. (Monthly trend)

Just apply it first on your chart, and I believe you will see something there. hehehhehehehehe.... and tell me what is it?

Hope it's help

KG
  • #1,038
  • Nov 28, 2008 1:48am Nov 28, 2008 1:48am
Let's say RS_GROUP_JPY tell us WEAK, and then we should check KG_RS_GROUP how is JPY there... if JPY on KG_RS_GROUP is the weakest currency, i believe our BUY will be safe.

Hello KG
is there everything true? I understand if RS_GROUP_JPY reverse from STRONG to WEAK and KG_RS_GROUP show us JPY is strongest, line is closely 100, we must BUY - EUR/JPY, CAD/JPY, ... .
  • #1,039
  • Nov 28, 2008 1:54am Nov 28, 2008 1:54am
^ a clear S/R and trend direction.... LoL

Kang' you are the MAN
thank you for the setting http://i37.tinypic.com/2yx5c1g.gif
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  • #1,040
  • Nov 28, 2008 2:11am Nov 28, 2008 2:11am
Quoting LT man
Let's say RS_GROUP_JPY tell us WEAK, and then we should check KG_RS_GROUP how is JPY there... if JPY on KG_RS_GROUP is the weakest currency, i believe our BUY will be safe.

Hello KG
is there everything true? I understand if RS_GROUP_JPY reverse from STRONG to WEAK and KG_RS_GROUP show us JPY is strongest, line is closely 100, we must BUY - EUR/JPY, CAD/JPY, ... .
LT man,

KG_RS_GROUP show you the correlation between each currency. With this indicator, you could see the strongest and the weakest currency at the time.

And the crossing between currency is the moment where one currency become strong or weak each other.

And the position of each currency to each other tell us the trend of those pair. Let's say JPY line is stay upper USD line, it's tell us that the trend of USDJPY is down, because JPY strongest than USD. you could check this...

RS_GROUP_JPY show the strength of JPY currency. We will use it as a trigger in this system after we analyse overall conditions of JPY on KG_RS_GROUP.

The best way is waiting till JPY be the strongest or weakest on KG_RS_GROUP, when RS_GROUP_JPY already give us signal.. I try it a couple days.. and give a very good results but we have to limited our Profit base on the market conditions (Ranging or Trending).

Hope it's help

KG
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