Indicators development for T101's not very simple method

the hell with it. went short a minute ago. lets see how far it goes.

EDIT: OUT WITH +188 pips waiting for next entry

This is the week of the shorts. made +310 pips this morning. yesterday +110

also this week shows how the Pound is not the ruling currency for the moment.

euro goes up, pound goes down

normally with this movement we would have made like +2000 pips. if compare it to last week.

now barely the +800 pips in total.

cant wait until 11 news. to see what euro will do further. i believe it will go up even further.

hi trade for fun,yes in one way i totally agree with you regarding your point on gb not the contrling factor in the basket movement the last days,

but looking at it in another way,the pound has been fighting 155 resistance for days and days now,most of the basket is not in rhythm,but it was the pounds break today along with eur and ausie against us which took the basket move to its resistence on the hour chart,also 4 hour in its congestion zone,

on the old style ia, you would have seen this as anchor change . so in real terms it was the controlling currency.this brings the conversation of a few days ago were don talks about finding or recognizing the currency pair that will give us a much earlier indication for entry.which normally apears to be gj but not quite the case.

anybody concidering a short basket scalp ?dangerous but exiting.

regards
william

yeah i would not consider a short now.

FSTE 100 and DAX30 euro indexes closed up
DJI and S&P 500 were down now up

NEKKEI did cloes down but Hanseng was up.

sideways but most likely to go up not down.

yes i do agree with u hazel ,i was just playing devils advocate with myself,

as i said a few posts back,when only 2 or three pairs break there relevant resistances its normally a good indication the basket will get back in sync and follow ,but should 7,8 or nine pairs on there 1 hour charts hit there relevant resistences to gether all in harmony and the basket was also at 1 hour resistence ,i would defiantly short whilst ranging.

i am looking at this method from many different prospective s,im still looking at 14 charts,but also the basket charts,im trying to feel its heart beat.any clues to to find some regular patterns of behavior, individual pairs behavior,its ther somwhere,its still a 0 sum game.

it may sound old fashioned with all the tecs available,but im one of those people who understands what i see

regards
william

well just remember what all these crosses are:

JPY
USD
GBP

that's why i look at the corresponding world indexes to get a feel for where this market may head. i gave up on trying to gauge what an individual pair might do vs the whole basket. that's why i stick with basket charts. that's the whole picture.

yes,totally agree with u on all the above,

i am really interested in these ranges,and im looking for ways to take advantage of them,or avoid entries at bad points within the range,and im looking for any clues that may give indication,

regards
william

Is the opening on the begining of the week really so importand and why?
Or we can start this metod at any given time and wait that the pairs do their work.

@diceman555

When I see a range then I would trade only on the peaks or bottoms of the range with a smal SL and chek RRR.I would never open a trade in the midle of the range.

Yes it is very important. Since there are 14 pairs involve in this system you need a good slide of the profit value to actually determine where is the swing of the market.

A shorter monitoring time will not give you the real move thus analysis would be flawed.

Yes you may start anytime you want but those analysis that follows will not as precise as doing the complete weekly move. Also the profit potential would not be as great as taking it all the way. Remember this method was not created for scalping of 100-200 or 300 pips. Your SL is -560 that makes your RR ratio very unattractive.

I have studied this method with J's guidance with due patience you will be there in no time.

Correlating the Basket Trading System with the Stock Market is really a good criteria. Caution to some of you who are planning to include Stock Market movements to BTS.

As we know Stock Market heavily follows the fundamentals. Fundamentals are economic news, speeches of VIP and the like. Schedules of economic news are given in your FF Calendar and some other sites. FF also has a decent eco news data reporting.

With this facilities available to you for free, you can watch and learn how Basket of Currencies react to every specific news item. Caution again that NO two ECO results are the same. Even the same news item.

I exited way early on my buys but there are moving like i said. and guess what? the indexes are up too. see how that works. money flow into the NEKKEI and Hanseng indexes because they are buying with their JPY. so then it leaves the currency market. making thye JPY weak.

result: basket is going long strong like i said before, trading baskets is like trading the world currencies like an index. it's a basket and so are indexes...a basket of the best stocks. same thing almost

man, Im kinda disappointed i got out early now. someone please tell me they got at least 500 pips when the market shot up now i see what these big dudes are trying to do for the most part

dont worry hazel.

i am so far on a 1900+ pips. today. ( will close it when supertrend line crosses red ) also this week i am playing on a real account. no more demo for me.

i made a buy around 12 nighttime. then at 3 am i was woken up by alarm signal and i saw everything go up so fast. unbelievble.

jumping through the roof and screaming, i hope the neighbours did not mind to much

so far this week without closing this big wopper, made +440 pips .

Hi trade4fun

we are on the same plane, just closed the good buy. This week is made already. plenty USD

kos

ok i chickened out and closed the trade anyway.

this week +2000 pips.

that is all my trading for this week on my real account.

will try some other stuff on demo account.

Havent you guys read fundamental and eco news. The shot up was due to BOJ currency intervention.

This happened before around 2004 when BOJ also intervened in the currency market. This latest one was reported that BOJ bought about 220 billion yen worth of US dollar.

The price of Yen pairs just shot up. This will make the Japanese govt happy who has been clamoring about the high value of Yen. Higher currency value doesnt necessarily good for the country. Few countries will buy your exports because your money is so expensive. Tourist will not visit your country because of high prices and will find alternative destination.

So the smart thing a country could do is to make sure that their currency is within par to the rest of the world. Thats what Japan is doing right now and it may last for months until they are confident they have the correct level of their currency.

i knew that. stocks were bought and NEKKEI is up. JPY weakened because they toook money of of currency market to buy into big asian companies. told you that's how it works:

http://finance.yahoo.com/news/Yen-dr....html?x=0&.v=4

Thanks for your answer DKNY

So lets call the begining of the week price X. So then X is our point that when the price is below this point X is a sell basket and above a buy basket ?

When I haven't seen the basket charts I wouldn't ask this question but i see the charts...
I don't now how to check this but I would really want to see the working from begining of the week,midle of a trend,at resistance level and support level to see difrerences in the working of this metod.

Reagards

Gollum

what you're basically talking about is don's buysvssells indicator. it shows what you're talking about. me and him could not get anything to work (yet0 with just that and breakouts. there are breakout TSU's for single pairs that i am looking into since that's what this type of trading is. breakouts

Gollum,

You know what your chart looks like to me?

It looks like how at the beginning of the week price starts at one area on my BuysVsSells indicator (0 line every week) when showing all 5 lines: Buys,Sells,Total,Buyall,Sellall

Then as the week goes on, we have a definitive trend. In your picture we see this as basket going down. In BuysVsSells, we see this as Sells and SellAll lines going up into profit while Buys and BuyAll lines going into loss - Sell/SellAll and Buy/BuyAll all going away from 0. The top in my indicator would be the bottom on your basket chart.

Then yours comes back towards resistance. That's when all Sells and SellAll lines comes back down toward 0, and Buys and BuyAll lines go back up toward 0. Then you have resistance on the chart, which if truly from beginning of week would correlate to what I see when SellAll comes back to 0 and either bounces off and starts going back up (which your basket chart would bounce off and go back down), or BuyAll goes above 0 (which your basket chart would not bounce off but would keep going up breaking resistance).
Same info, just different way of looking at it. Could look at just BuyAll line and basically see basket chart as a line, or look at SellAll and BuyAll lines only, or look at Sells,Buys,SellAll,and BuyAll lines. Or also look at Total line if it would help you for some reason (although I think it gets in late on trades, but maybe I'm wrong).

The only thing that could be improved in my EA is entry (instead of waiting to break the 2 level of 1-2-3, if we could get in sooner after 3 in 1-2-3), exit (can use lastBuyAlllLow which is last natural low swing, which hasn't worked that great, or try lastBuyAllexit, which is the BuyAll line's value at exit of last BuyAll trade), or separate StopLoss used for MM for Lots vs actual StopLoss (big SL used for MM for Lots so lower Lots, while small SL used for actual SL so that we're not risking even as much as risk percent in user inputs). But the main coders, who I've given the EA to, aren't interested, and I'm still sick and just starting to get over my sickness, so who knows if these things that would probably improve the EA will be tried.

Regards,

Don