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Still Basketting

  • #801
  • Nov 4, 2012 12:56pm Nov 4, 2012 12:56pm
Its really interesting to view the different sub-topics being discussed. The most important question to ask," is this setup profitable?"..if yes, ride on..if it doesn't suit your method of trading, I believe the indi can be used as a guide for a risk on/risk off analysis.

Great job kos..I believe the factors that can adversely affect the basket are:

1.The yen pairs not in sync with the usd-related pairs(BOJ intervention to steadily weaken the yen)
Personally,I like to see the UJ in sell mode before I pull the trigger on my yen pairs.
2.Some AUD or NZD fundamental strength preventing their drop when the basket is in "sell mode"

I think these are a few things to take note of imho..this is a very good learning thread.
It is possible to make large sums trading, small losses, large wins
  • #802
  • Nov 4, 2012 4:15pm Nov 4, 2012 4:15pm
Quoting MPP
my 2 pips worth - in general response to a few posts

1. Yes T101 and those of us that trade baskets, started out trading the full 14 pairs, personnaly i now only trade 12 because i'm too lazy to work out which way the Uchf and Egbp are going today and the pip count is negligable across the basket.

2. Either trade this system as is, or take the time to understand Basket trading and find your own way, by discussing all the variables the thread will simple fill up with all the same questions that the other basket threads are full of - this system...
thanks MPP!

i couldnt have explained it better.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #803
  • Nov 4, 2012 4:17pm Nov 4, 2012 4:17pm
Quoting jasonckb
Hi all,

I am not a coder and has no clue about coding. I have found that for a better/ ealier entry, MACD + Price Action Channel do much better than VQ, HAS or VQ+HAS, and most of the time the price level is much better.

The rule is when previous bar(s) MACD turn positive and price close over 8 periods EMA (high), then long signal issued then long next bar open. When macd of previous bar(s) turn negative and price close below 8 periods EMA (Low), sell signal issued then short next bar open.

I have attached 4 examples, the first line is the...
you don't know what you are doing. you did not try this system for 1 full week and you started tinkering with it. you use HAS settings of 15min on 1hr TF.
I know coders in FF whether talented or not are very busy people. Go and learn mql4 so you can code your rubbish.

stay off this thread, I beg you.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #804
  • Nov 4, 2012 4:18pm Nov 4, 2012 4:18pm
Quoting plig
Hi Kos and everyone.

I closed the basket too for the weekend.... I'm +235 pip. It can be enough for an hard day such friday NFP.

See you next week!

Thanks again
Hi plig!
bless you sir/ma

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #805
  • Nov 4, 2012 4:19pm Nov 4, 2012 4:19pm
Quoting prudente02
Thanks Kosomolate great system....

Regards
prudente02

bless you too and thanks for thanking me

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #806
  • Nov 4, 2012 4:20pm Nov 4, 2012 4:20pm
Quoting Gvc
Please Everybody!!!!!!!!!!!!

This is what killed all the last last Basket Threads.

Everyone coming up with their own bits & pieces.....

This is KOSMOLATES thread, so please .... some respect....

If everybody comes up with their own theory, then what is the point....(It will just become as fat & bloated as the other threads)
Keep it to yourself, unless you strongly feel that it will benefit this Thread...

I personally trade with Kos,s theory (for over a year) amongst my own and obviously it works.... otherwise there would not be as much interest.

So,...
Hi George!

you are very welcome, beginning to weary me out with the same discussions that killed other threads. I was looking for traders nor debaters.

koa
John 3:16 - From THIS love no power on earth can me sever.
  • #807
  • Nov 4, 2012 4:22pm Nov 4, 2012 4:22pm
Quoting stevewalker
in general what this system does;
with trading basket same direction you slowing the actual price movements with paying 14x cost.
when buying buy side & short side or vice verse it is just slowing the movement. this probably will cost extra swap also.

good luck
Dude, thanks for the theory but the thread creator has traded the system long enough to verify its a really really profitable strategy.
  • #808
  • Nov 4, 2012 4:23pm Nov 4, 2012 4:23pm
Quoting fmsfx
Agreed!! All these types of post(questions&changes) have already been answered years ago if you truely follow BTS or bothered to read the original thread(s) from the master himself T101.
Hi fmsfx!

and that is why I put the links to these other threads in the first post, so that they can understand how we arrived at this stage, and for them to know that here is not a system that is just coming up.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #809
  • Nov 4, 2012 4:24pm Nov 4, 2012 4:24pm
Quoting jasonckb
That means we can only share the method KOS use rather than sharing other variants of basket trade method? NO other entry methods or exit methods.....I've just got lost........

and don't come back here again...!!!!

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #810
  • Nov 4, 2012 4:26pm Nov 4, 2012 4:26pm
Quoting as002
Looking back at the 1100 15m candles (my mt4 freezes with more data) of the basketchart index of the original basket ant the reversed basket, it seems that the ORIGINAL is far more consistent with the market trend.

The reversed basket four times triggered wrong signal.

http://i.imgur.com/lw672.png

http://i.imgur.com/0D6Di.png
what is reversed basket and original, can you explain more?

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #811
  • Nov 4, 2012 4:27pm Nov 4, 2012 4:27pm
Quoting Tpack
Great system Kos, nice and simple, I feel it's one which may well overcome the "trading demons " which a lot of us suffer from.

Can I ask a couple of questions please.

1. The count on the side of the chart, I presume it is the net pip count of the
basket, and to work out total pips in a trade just work from entry point to exit point on the side.
2. Has a working ea been developed for it. I recall various discussions around it , but I'm not sure if a working one has been finalised (that I can trace through the posts that is ).
3.To confirm...
Hi Richard!
1. yes
2. Not finished yet
3. HAS body color, the wicks are not considered

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #812
  • Nov 4, 2012 4:29pm Nov 4, 2012 4:29pm
Quoting omadivi
Its really interesting to view the different sub-topics being discussed. The most important question to ask," is this setup profitable?"..if yes, ride on..if it doesn't suit your method of trading, I believe the indi can be used as a guide for a risk on/risk off analysis.

Great job kos..I believe the factors that can adversely affect the basket are:

1.The yen pairs not in sync with the usd-related pairs(BOJ intervention to steadily weaken the yen)
Personally,I like to see the UJ in sell mode before I pull the trigger on my yen pairs.
2.Some...
Hi Omadivi!

again you are right on the points, In fact I like to keep at the back of my mind what is happening in GJ.

thank you too

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #813
  • Nov 4, 2012 4:31pm Nov 4, 2012 4:31pm
Hello BTS traders!

let me quickly appreciate the contributions of MPP, Pbb, GVC, Drycleaner, madscalp, max pain, fmsfx, omadivi... for refusing to be drawn into those old arguments, I truly appreciate the way you are struggling to steer away the thread from hitting the same rocks that other basket threads hit. Your contributions are very useful and as if taken from my very notes.

Omadivi, I cherish your analysis very well

MPP your understanding of the inner workings of BTS is vast and worth hearing and am learning from your contributions.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #814
  • Nov 4, 2012 4:31pm Nov 4, 2012 4:31pm
Special thanks to Kosomolate;

I thought the basket trading is over after no one posted in the last thread. However, now i know that you Kos is a resilient basket trader and i admire you for opening this thread.

I hope i will be accepted in this thread to share ideas i know from T-101 himself.

Again thanks Kos for making BTS alive again. Apologies for my doubts in you before.

Joven
  • #815
  • Nov 4, 2012 4:33pm Nov 4, 2012 4:33pm
Are u going short?
  • #816
  • Nov 4, 2012 4:36pm Nov 4, 2012 4:36pm
Quoting Kosomolate
Hi Richard!
1. yes
2. Not finished yet
3. HAS body color, the wicks are not considered

kos


Thanks Kos.
  • #817
  • Nov 4, 2012 4:39pm Nov 4, 2012 4:39pm
Quoting Kosomolate
the volatility was hot and it went almost -400 and HAS changed position to red then it retraced back to -110 chances were that it may continue short so I bailed manually.

You cant compare today's volatility to that of Tuesday, the highest it went today was -190 and HAS still maintained the short position so I hanged in there and it paid off.

No records of loosers

kos
Kos on this pic once u exited with -110 pips, did you re-enter on the sell side once it crossed back over? If not, what indication made you not take the sell trade?
Attached Image
  • #818
  • Nov 4, 2012 4:47pm Nov 4, 2012 4:47pm
Quoting Dkny
Special thanks to Kosomolate;

I thought the basket trading is over after no one posted in the last thread. However, now i know that you Kos is a resilient basket trader and i admire you for opening this thread.

I hope i will be accepted in this thread to share ideas i know from T-101 himself.

Again thanks Kos for making BTS alive again. Apologies for my doubts in you before.

Joven
Hi Joven!!

You are very welcome, T101 himself sent PM, and would have contributed if not for his commercial membership that restricted him from posting on trading section.

So, if your contributions would benefit us all and improve BTS fire your post that is why we are all on this forum, sharing!.

Thank God I left the old thread when arguments back and forth took it over, and for every day since then I never looked at other charts apart from basket charts, and I doubt if am going to look at any other way again, because this way of trading just gives me peace of mind and reward.

Once again please share with us any thing that will advance and enhance our profitability

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #819
  • Nov 4, 2012 4:47pm Nov 4, 2012 4:47pm
Quoting Kosomolate
you don't know what you are doing. you did not try this system for 1 full week and you started tinkering with it. you use HAS settings of 15min on 1hr TF.
I know coders in FF whether talented or not are very busy people. Go and learn mql4 so you can code your rubbish.

stay off this thread, I beg you.

kos
Dear Kos
Will you be so kind to tell me the HAS settings for 1H ?
For 15M I use 15,2,15,2
Thank you very much
Dan
  • #820
  • Nov 4, 2012 5:02pm Nov 4, 2012 5:02pm
Quoting dj083
Kos on this pic once u exited with -110 pips, did you re-enter on the sell side once it crossed back over? If not, what indication made you not take the sell trade?
dj083

sorry I got your question wrong. I did not enter sell because it was a BOJ intervention that upset the buy that was on.
Omadivi's analysis of BOJ really kept me out, because he said it will reverse and it did.

so I had to wait till the market settles again and by the time it was over, it went our way up.

kos
Attached Image (click to enlarge)
Click to Enlarge Name: re-entry.png Size: 32 KB
John 3:16 - From THIS love no power on earth can me sever.
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