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Still Basketting

  • #681
  • Nov 2, 2012 8:52am Nov 2, 2012 8:52am
We are back in the sell track
  • #682
  • Nov 2, 2012 8:56am Nov 2, 2012 8:56am
as you can see by the values,its in confliction with itself.

although starting to fall into line

im now shorting the basket
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  • #683
  • Nov 2, 2012 8:58am Nov 2, 2012 8:58am
Quoting diceman555


exactly,you need to see the yen pairs in total agreement with the other pairs,total harmony,the yen has halted the basket all morning.as you say once it falls off all the better for the sell basket.
the UJ has started retracing that upward spike.....i"ill wait to see how the market closes today....come sunday night, i am aiming to short the yen pairs...with proper confirmation of course..

but the day aint over aint yet...so best of luck to anyone holding their yen shorts...if its not green tonight, sunday/monday shld be rewarding...have a great weekend everyone...
It is possible to make large sums trading, small losses, large wins
  • #684
  • Nov 2, 2012 9:05am Nov 2, 2012 9:05am
Quoting omadivi
the UJ has started retracing that upward spike.....i"ill wait to see how the market closes today....come sunday night, i am aiming to short the yen pairs...with proper confirmation of course..

but the day aint over aint yet...so best of luck to anyone holding their yen shorts...if its not green tonight, sunday/monday shld be rewarding...have a great weekend everyone...
that makes perfect sense,i got a good entry,but will close at b/e,so much confliction in the pairs at present,

its also nearly time for the friday pub time !
  • #685
  • Nov 2, 2012 9:20am Nov 2, 2012 9:20am
Yeah lots of confusion today. I did not enter the short basket this morning primarily due to fear of the NFP. However, I did just enter long EU at 1.2844 (not basket related), as I think 1.2885-2900 may be in play before or just after London close. If I'm correct, that would most likely work against the short basket trade, so I'm a bit hesitant to open a basket today. We'll see how it plays out, but the HAS 15 min is pretty flat which doesn't make me feel all that good about any entry. On top of that, the VQzz2 is still positive, but on the fence.
  • #686
  • Nov 2, 2012 9:21am Nov 2, 2012 9:21am
Quoting diceman555
the usd/chf should be reversed,you should be buying this pair.afterall your selling the basket in favour of risk on,doller safty.

gbp/chf will normally conform,but the market at this moment is not in total harmoney,although its bias is short.when in synce all will conform
I seem to remember the original sell all / buy all scripts where written to open the swissy pairs in the opposite directions.
  • #687
  • Nov 2, 2012 9:27am Nov 2, 2012 9:27am
Quoting BashBrothers
I seem to remember the original sell all / buy all scripts where written to open the swissy pairs in the opposite directions.
theres allways some confusion here because of the pairs used,

originally the usd/chf and usd/cad were reversed,the pairs changed to universal pairs which are those listed in this thread,

i always reverse the usd/chf,gbp/chf,is traded in the direction of the basket.this is the way i trade them
  • #688
  • Nov 2, 2012 9:33am Nov 2, 2012 9:33am
Quoting MPP
This might help save a few questions later.

Attachment
Quoting 4xPIPAHOLIC
Yes you are right my friend.....
Thank you both for the EA and manual. Some reading to do over the weekend.
  • #689
  • Nov 2, 2012 9:41am Nov 2, 2012 9:41am
I have an easy solution. Just remove USDCHF and GBPCHF

reason:

USDCHF = reverse of EURUSD, because now CHF is same (almost) as EUR.

GBPCHF = reverse of EURGBP, same reason above

why unnecessarily have bigger risk and higher spread cost?

Quoting diceman555
theres allways some confusion here because of the pairs used,

originally the usd/chf and usd/cad were reversed,the pairs changed to universal pairs which are those listed in this thread,

i always reverse the usd/chf,gbp/chf,is traded in the direction of the basket.this is the way i trade them
  • #690
  • Nov 2, 2012 9:43am Nov 2, 2012 9:43am
Quoting charvo
I have an easy solution. Just remove USDCHF and GBPCHF

reason:

USDCHF = reverse of EURUSD, because now CHF is same (almost) as EUR.

GBPCHF = reverse of EURGBP, same reason above

why unnecessarily have bigger risk and higher spread cost?
Makes sense have you tried it?
  • #691
  • Nov 2, 2012 10:03am Nov 2, 2012 10:03am
Quoting 4xPIPAHOLIC
No there is not...that is the problem with this EA......
But here ...you can use this.....
I was playing this EA setting and they just close my baskets: so Now i can go for early weekend. It look so complicated ....any shortcut setting
  • #692
  • Nov 2, 2012 10:06am Nov 2, 2012 10:06am
Can this system be used to H1 or H4?
"When the answer is simple, God is speaking" (Albert Einstein)
  • #693
  • Nov 2, 2012 10:09am Nov 2, 2012 10:09am
Quoting charvo
I have an easy solution. Just remove USDCHF and GBPCHF

reason:

USDCHF = reverse of EURUSD, because now CHF is same (almost) as EUR.

GBPCHF = reverse of EURGBP, same reason above

why unnecessarily have bigger risk and higher spread cost?
i can see were your comming from
,in the original thread this was a interesting part of topic,infact i think it almost related to trading 1 chf cross,ill see if i can dig those old posts out,i believe the reason for trading all the 14 pairs was averaging a positive pip count on the overall basket.
ive often thought about taking out the e/g,others have suggested others pairs,some one suggested the yen,we could well end up not trading a basket but in fact an egg cup

none the less interesting point and maybe some one more in depth mentally than me can dig deeper !
  • #694
  • Nov 2, 2012 10:12am Nov 2, 2012 10:12am
Same basket post #666
USDCHF and GBPCHF increase loss
Attached Image (click to enlarge)
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  • #695
  • Nov 2, 2012 10:16am Nov 2, 2012 10:16am
Quoting madscalp
Same basket post #666
USDCHF and GBPCHF increase loss
Try inverse the 2 trades :I do that in my script.
  • #696
  • Nov 2, 2012 10:21am Nov 2, 2012 10:21am
Quoting AmberX5
Try inverse the 2 trades :I do that in my script.
Yes I'm going to try that
  • #697
  • Nov 2, 2012 10:24am Nov 2, 2012 10:24am
Quoting madscalp
Same basket post #666
USDCHF and GBPCHF increase loss
but thats because your trading both short,if you had reversed usd/chf you would show a profit between those two pairs,

charvo,

just calculated aprox,the u/chf gbp /ch and e/gbp, on a sell basket from rollover gmt.if the u/ch was traded reversed,ie long basket short,overall your basket would show a profit of 50 pips more than if you eliminated all 3 ,if you iliminated u/ch and gb/c keeping the e/g in, the profit would be 22 pips,not sure how that all works with cancelling pairs out ect.
as i said my mind goes into scrambled mode when i try to anaylise to much
  • #698
  • Edited 4:29pm Nov 2, 2012 10:41am | Edited 4:29pm
Quoting OneLegend
Can this system be used to H1 or H4?
Yes

Start here and read what KOS says

The indies have changed but the concepts nearly the same

http://www.forexfactory.com/showthre...12522&page=250
  • #699
  • Nov 2, 2012 10:57am Nov 2, 2012 10:57am
Quoting madscalp
Basket sell and profit.
However it seems effectively GBPCHF and USDCHF are working against the basket....
we'll soon see ...
Hi madscalp,
There are some tools suggested in FF Platform Tech thread , in order to cut as soon as possible bad trades.

Look here in this section
http://www.forexfactory.com/showthread.php?t=193727.

So for example, you have a small EAs you could attach to your chart to cut all profitable / losing trades
Attached File(s)
File Type: mq4 Close OPEN Orders - In PROFIT EA.mq4   2 KB | 470 downloads
File Type: mq4 Close OPEN Orders - In LOSS EA.mq4   2 KB | 465 downloads
  • #700
  • Nov 2, 2012 11:11am Nov 2, 2012 11:11am
Quoting effluvium
Hi madscalp,
There are some tools suggested in FF Platform Tech thread , in order to cut as soon as possible bad trades.

Look here in this section
http://www.forexfactory.com/showthread.php?t=193727.

So for example, you have a small EAs you could attach to your chart to cut all profitable / losing trades
Interesting thx
However after cut , it's a different strategy....
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