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Trading system using relative strength

  • #1,741
  • Edited 7:07pm Jun 9, 2011 6:51pm | Edited 7:07pm
After waiting patiently for nearly 3 hours I was presented with a small basket. Since it's only 3 pairs, and since they are all going the same way, I will be watching it very carefully.

EDIT: In the 4 minutes it took me to post my message this basket has moved to plus $35.00.

EDIT: Now plus $55.00. No change in the basket itself; still just 3 pairs. The basket was never in any DD beyond the opening spreads, which equalled about $23.00. So this basket has already moved nearly $80.00 in just 10 minutes. Let's see where this thing goes...

FINAL EDIT: Indi gave reversal signals, and the basket started going the other way. Got out with +$35.00. Will now go back and see if I want to trade the reversals...
Attached Image (click to enlarge)
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To improve is to change. To perfect, is to change often.
  • #1,742
  • Jun 9, 2011 7:18pm Jun 9, 2011 7:18pm
I just wonder if anyone can help me please.

I am looking at the daily histogram of the CCFP Diff. 2 (no current and not bar)
and the Euro gives me 1 bar green, but if I look at the CCFP (the one with the lines) the euro has been up more than on day. Probably it means something else. Could anybody explain? Thank you.
  • #1,743
  • Jun 9, 2011 7:30pm Jun 9, 2011 7:30pm
Tonight's trades:
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  • #1,744
  • Jun 9, 2011 7:40pm Jun 9, 2011 7:40pm
Quoting forexhard
Something to think about...
How do you set MTFs, separated with a comma?
  • #1,745
  • Jun 9, 2011 7:41pm Jun 9, 2011 7:41pm
Quoting forexhard
After waiting patiently for nearly 3 hours I was presented with a small basket. Since it's only 3 pairs, and since they are all going the same way, I will be watching it very carefully.

EDIT: In the 4 minutes it took me to post my message this basket has moved to plus $35.00.

EDIT: Now plus $55.00. No change in the basket itself; still just 3 pairs. The basket was never in any DD beyond the opening spreads, which equalled about $23.00. So this basket has already moved nearly $80.00 in just 10 minutes. Let's see where this thing goes...

FINAL...
This template seem to show recommendations using Multi time frames. Good for people like me who are lazy to look into histogram.
But then it may be a good exercise in understanding the system
  • #1,746
  • Jun 9, 2011 7:58pm Jun 9, 2011 7:58pm
And this is my basket for today, on demo.
And if you want to make any comment you are welcome, good or bad, I can take it......

All the Best
Il Brigante
Attached Image (click to enlarge)
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  • #1,747
  • Jun 9, 2011 8:20pm Jun 9, 2011 8:20pm
My basket went all over the place from 100 down to up 40-50 to back negative, so I finally closed it out up +70 becasue I got tired of the roller coaster.

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Always a Student, Never a Master - Emulate What Works
  • #1,748
  • Jun 9, 2011 8:43pm Jun 9, 2011 8:43pm
Closed +70 pips
  • #1,749
  • Jun 9, 2011 9:45pm Jun 9, 2011 9:45pm
I made my first demo basket this morning around 10 AM EDT, no screen shot. Just the 4 major pairs, 2 buy and 2 sell.

It was up 30 pips within half an hour, then in the next 90 minutes it went down to a little negative, then back up 30 pips again. I had to go to work so let it run for about 9 hours, when checked it again it was only up around 6 pips, so closed it.

I will try another one tomorrow morning, but being Friday, it may not be that representative of how it would normally work.
  • #1,750
  • Jun 9, 2011 9:59pm Jun 9, 2011 9:59pm
Just closed a second 2-pair basket (both Sells) for another $45.00.
To improve is to change. To perfect, is to change often.
  • #1,751
  • Jun 9, 2011 10:01pm Jun 9, 2011 10:01pm
Quoting ES Trader
Closed +70 pips
Not bad for less than 90mins work! Almost a pip a minute!
To improve is to change. To perfect, is to change often.
  • #1,752
  • Jun 9, 2011 10:05pm Jun 9, 2011 10:05pm
Quoting ES Trader
This template seem to show recommendations using Multi time frames. Good for people like me who are lazy to look into histogram.
But then it may be a good exercise in understanding the system
Yes, I would recommend learning more about the histogram. Try to discipline yourself to make another 30 successful baskets before you start looking for different strategies. Nothing beats first-hand experience.
To improve is to change. To perfect, is to change often.
  • #1,753
  • Jun 9, 2011 10:06pm Jun 9, 2011 10:06pm
Quoting forexhard
Not bad for less than 90mins work! Almost a pip a minute!
yes.

my morning trades using crazy idea of trading non correlated pair also closed for 48 pips +

I am still hanging on to one more basket from this morning. It was up about $400/ was looking for my 1000. . I am sure I will get it by tomorrow if not by tonight.
  • #1,754
  • Jun 9, 2011 10:11pm Jun 9, 2011 10:11pm
Sells are strong tonight.

I just opened my 3rd basket tonight with the 6 pairs recommended by the indi. Let's see where this goes...
Attached Image (click to enlarge)
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To improve is to change. To perfect, is to change often.
  • #1,755
  • Jun 9, 2011 10:15pm Jun 9, 2011 10:15pm
Another and LAST trade of the day.No more I Promise !!
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  • #1,756
  • Jun 9, 2011 10:22pm Jun 9, 2011 10:22pm
HI FH,
Bunch more sells opened up on 4hr
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  • #1,757
  • Edited 11:40pm Jun 9, 2011 10:55pm | Edited 11:40pm
Basket has moved about $80.00 to +$15.00 in just 30 mins. Every one of the 6 pairs is in profit. Gonna let this run a while.

EDIT: Now +80.00.

EDIT: Now +110.00.

EDIT: Now +200.00
To improve is to change. To perfect, is to change often.
  • #1,758
  • Jun 9, 2011 11:50pm Jun 9, 2011 11:50pm
All the suggested Sells have turned to Buys.

Closed out the basket at +206. Saw it bounce as high as 230 or 240, then retreat a little. 3rd basket for the night. Acct is up 320 pips since yesterday. Time to call it a day a turn on the TV. I've earned it.

Note: This was the first multi-pair basket in a long time where there were no losers.
Attached Image (click to enlarge)
Click to Enlarge Name: diffmtf.gif Size: 55 KB
To improve is to change. To perfect, is to change often.
  • #1,759
  • Jun 10, 2011 12:33am Jun 10, 2011 12:33am
Is any one trading on a live account? Or all the trades are on demo?
  • #1,760
  • Jun 10, 2011 12:50am Jun 10, 2011 12:50am
Quoting il brigante
I just wonder if anyone can help me please.

I am looking at the daily histogram of the CCFP Diff. 2 (no current and not bar)
and the Euro gives me 1 bar green, but if I look at the CCFP (the one with the lines) the euro has been up more than on day. Probably it means something else. Could anybody explain? Thank you.
I worked it out.

My basket is even, I am going to let it run.
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