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Relative Strength Basket Trading System

  • #1,741
  • Dec 12, 2008 4:57am Dec 12, 2008 4:57am
The red line marks my entry at just over 25. Tp of $2 (roughly 200 pips) was hit within about half an hour.

Lovely.

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  • #1,742
  • Dec 12, 2008 5:07am Dec 12, 2008 5:07am
Trade just spun round in a few minutes.

Was +£3.50 (not worth taking), then -£10!

Still only a quarter of the way up so sit tight, no hedge... wait it out..... (gulp it's Friday isn't it......!)

Eddie
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  • #1,743
  • Dec 12, 2008 5:16am Dec 12, 2008 5:16am
Quoting deadsoul
thank you KG you have inspired me to trade japans pairs on the system we are developing in another thread here and you are doing a great job here so i thought why don't we mix a little and you should do it guys coz the things you are missing here is the price action wich can be optined by COG system...
thank you again....
Salam DeadSoul,

Glad if it's inspire you. Price action is one of importants thing when we analyze the chart before we make a decission. Anyway, thanks you have been here visiting us.

Regards,

KG
  • #1,744
  • Dec 12, 2008 5:17am Dec 12, 2008 5:17am
Quoting SteveHopwood
The red line marks my entry at just over 25. Tp of $2 (roughly 200 pips) was hit within about half an hour.

Lovely.

Wow... cool
Still use your previous rules?

Regards,

KG
  • #1,745
  • Dec 12, 2008 5:18am Dec 12, 2008 5:18am
Quoting Kang_Gun
Salam DeadSoul,

Glad if it's inspire you. Price action is one of importants thing when we analyze the chart before we make a decission. Anyway, thanks you have been here visiting us.

Regards,

KG
Is there a multi TF price action indid for the JPY pairs that we don't know about..... that's a nice idea!

Did you have any luck with that STRONG/WEAK (#) all JPY pair ind' I was on about?

(hope your feeling better)

Eddie
  • #1,746
  • Dec 12, 2008 5:20am Dec 12, 2008 5:20am
I have to go out soon, so it looks as though my trading is done for the week.

Statement attached, with some details deleted as this is a live account - tiny, but still my actual money.

All I have done this week is: go strong at or below 25, tp $2; go weak at or above 75, tp $1. I simply waited for the strength movement to stall and turn around slightly before taking out a position.

In round figures, the $11.48 profit represents 11% of the balance for minimal risk.

Happy week.

Next week, I shall write an ea to do the trading for me - won't take long.

Have a pleasant weekend folks.



Edit: I had trouble uploading the statement, so it is attached as a zip file.
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File Type: zip DetailedStatement.zip   4 KB | 301 downloads
  • #1,747
  • Dec 12, 2008 5:37am Dec 12, 2008 5:37am
Quoting Kang_Gun
Wow... cool
Still use your previous rules?

Regards,

KG
Yep. These are:

  1. Go weak when the KG RS GROUP JPY strength turns around from the 75 or above level. Tp $2, or roughly 200 pips.
  2. Go strong when the indi turns around from the 25 or below level. Tp $1.

The reason for the different tp's is the mediumlong term strength of JPY as shown by your moving averages. It seems logical to me that an increase in JPY relative strength will have further to run than a decrease.

I emailed you this morning. KG. Let me know if it does not arrive.

  • #1,748
  • Dec 12, 2008 5:45am Dec 12, 2008 5:45am
Quoting deadsoul
thank you KG you have inspired me to trade japans pairs on the system we are developing in another thread here and you are doing a great job here so i thought why don't we mix a little and you should do it guys coz the things you are missing here is the price action wich can be optined by COG system...
thank you again....
How many hours ago did you enter this trades?
  • #1,749
  • Edited 12:53pm Dec 12, 2008 7:30am | Edited 12:53pm
One basket today. Missed the stonking move at 6am in the morning, but later on made just under 2% with only 1% Draw-Down. Perfectly acceptable.

I like this system. So far i've taken about 80 trades with hardly any losers. I'd say the win rate was about 90%. Very attractive.

Entries:
GROUP-JPY peaks at >80 or <20.
Pricing coming off Support/resistance or Bollinger Bands.

Exits:
Group-JPY reaches other extreme (ideal situation)
or crosses "the other way"
Individual currency pairs reach major S/R

At the suggestion of availdollars in another FF Basket Thread (http://www.forexfactory.com/showpost...&postcount=101) I'm looking at the JPY index for entry S/R. Works out well.

Now I just need a decent broker that uses meta trader. Bit of an oxymoron. (or I'll have to write some scripts)
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  • #1,750
  • Dec 12, 2008 8:12am Dec 12, 2008 8:12am
I think I may have lost the plot!

Eddie
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  • #1,751
  • Dec 12, 2008 10:00am Dec 12, 2008 10:00am
This is getting messy!

... and its Friday......

Was looking at it recovering in line with the trend..... that certainly isn't happening.



Eddie
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  • #1,752
  • Dec 12, 2008 11:15am Dec 12, 2008 11:15am
going no where...

Eddie
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  • #1,753
  • Dec 12, 2008 11:47am Dec 12, 2008 11:47am
Quoting Kang_Gun
Salam DeadSoul,

Glad if it's inspire you. Price action is one of importants thing when we analyze the chart before we make a decission. Anyway, thanks you have been here visiting us.

Regards,

KG
Salam KG..
the honer is mine..
your indicators are so great ..
but what i meant is for example to use something like Bollinger Bands at least it will show you where things are going referring to the price action..
and one of its secrets that some people don't know is that when ever the price reflect of one of its lines its A MUST TO REACH THE OTHER LINE THE CENTER OR IT WILL GO DOWN TO THE BOTTOM...
i hope this can help..
  • #1,754
  • Dec 12, 2008 12:34pm Dec 12, 2008 12:34pm
I have just the EUR and USD indicators displayed on a 5 minute chart. I've been checking the last 3-4 five minute bars and following both the EUR and USD values on the close of the bar. The values change when we're 2-3 minutes into the new 5 minute bar. Has anyone else noticed this? Many systems rely on the values at the close of a particular bar. So how can this be relied on for trading?
  • #1,755
  • Dec 12, 2008 12:59pm Dec 12, 2008 12:59pm
Quoting maxreturn
I have just the EUR and USD indicators displayed on a 5 minute chart. I've been checking the last 3-4 five minute bars and following both the EUR and USD values on the close of the bar. The values change when we're 2-3 minutes into the new 5 minute bar. Has anyone else noticed this? Many systems rely on the values at the close of a particular bar. So how can this be relied on for trading?
I believe it's caused by the indicator should calculate 28 pairs. Just try to use good connections..

Thanks

KG
  • #1,756
  • Dec 12, 2008 1:05pm Dec 12, 2008 1:05pm
Quoting deadsoul
Salam KG..
the honer is mine..
your indicators are so great ..
but what i meant is for example to use something like Bollinger Bands at least it will show you where things are going referring to the price action..
and one of its secrets that some people don't know is that when ever the price reflect of one of its lines its A MUST TO REACH THE OTHER LINE THE CENTER OR IT WILL GO DOWN TO THE BOTTOM...
i hope this can help..
Salam brother,

Yes, we use S/R in analysis. Some people here use classic S/R, BB etc. And i use BB 120 SD +1, SD +2, SD +3 on H1 time frame. And if you read at beginning you will found that i suggest to use dynamic S/R using EMA 480 high & Low for monthly trend, EMA 120 high & low for weekly trend and EMA 24 high & low for daily trend on H1 TF as our base TF.

regards,

KG
  • #1,757
  • Dec 12, 2008 1:19pm Dec 12, 2008 1:19pm
Quoting Kang_Gun
Salam brother,

Yes, we use S/R in analysis. Some people here use classic S/R, BB etc. And i use BB 120 SD +1, SD +2, SD +3 on H1 time frame. And if you read at beginning you will found that i suggest to use dynamic S/R using EMA 480 high & Low for monthly trend, EMA 120 high & low for weekly trend and EMA 24 high & low for daily trend on H1 TF as our base TF.

regards,

KG
thank you for your great job...keep it up
  • #1,758
  • Dec 12, 2008 1:25pm Dec 12, 2008 1:25pm
Quoting Kang_Gun
I believe it's caused by the indicator should calculate 28 pairs. Just try to use good connections..

Thanks

KG
Hello Kang. Thanks for the response. I have a dell inspiron laptop which connects wirelessly to my home network which is connected to comcast.net. I'm not a tech guru so perhaps you or some others can give me some pointers on how I can get a better connection.

Best regards
Max
  • #1,759
  • Dec 12, 2008 1:27pm Dec 12, 2008 1:27pm
Using a cable, connect your laptop directly to your router. see if that makes a difference.
  • #1,760
  • Dec 12, 2008 3:39pm Dec 12, 2008 3:39pm
Quoting mt41969
Using a cable, connect your laptop directly to your router. see if that makes a difference.
Thanks. I'll give that a try.
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