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Still Basketting

  • #1,161
  • Nov 7, 2012 7:41am Nov 7, 2012 7:41am
Quoting vadlapatis
singal Gave - Sell , Any 1 in ?
I took my loss on the buy basket and now didnt enter sell because price is too far away from HAS
  • #1,162
  • Nov 7, 2012 7:42am Nov 7, 2012 7:42am
look at the present markets

bonds all up,

14 fx basket pairs all down except the 2 usd pairs which should be reversed

8 world indicies market all down

around 2 thousand pips of selling

total harmony and agreement
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  • #1,163
  • Nov 7, 2012 7:42am Nov 7, 2012 7:42am
Quoting dj083
....trade it as soon as you see a sell or buy signal but the thing is when that signal happens the price could be 150 or more pips away.... Why not just wait for it to retrace back....
This, or something similar ... wait for fall back from the first momentum that triggered the change in direction and get in as soon as momentum gears again.
  • #1,164
  • Nov 7, 2012 7:42am Nov 7, 2012 7:42am
Quoting Caillou
The only objective forwardtest in all the thread.........

You will always have a reason for not trading: US elections is today but yesterday too and nobody said to not trade yesterday......really interesting
Good point. Every trader bears the risk of any trade..I was open to the risks yesterday, but not today..lol..in all fairness,anyone who took the longs today, should have had an opportunity to secure profits..
It is possible to make large sums trading, small losses, large wins
  • #1,165
  • Nov 7, 2012 7:54am Nov 7, 2012 7:54am
Quoting diceman555
look at the present markets

bonds all up,

14 fx basket pairs all down except the 2 usd pairs which should be reversed

8 world indicies market all down

around 2 thousand pips of selling

total harmony and agreement
A very typical "bear" day. You still holding on to those longs?
It is possible to make large sums trading, small losses, large wins
  • #1,166
  • Nov 7, 2012 8:07am Nov 7, 2012 8:07am
Quoting diceman555
i agree with this,
stocks,bonds indicies ect,ect can behave independantly for reasons of there own,there are. as you state many reasons for this, such as interventions ect,

but having said that there is no better way of watching market sentiment and market harmony.the information one can use from these are unlimited.
especially in the basket pairs.

its about piecing the puzzle together,market harmony,fundementals trading times .i wouldnt buy or sell a basket if all these things were telling different stories.for me harmoney and total agreement...
Since we trade both long and short movements, just as the set-ups tell us, we don't know if all things are in sink until we have confirmation afterwards. Meaning, now we have a short, tomorrow a long followed by a small short and a massive long. MM must prevent us from large draw downs, but I still want all four trades, as I don't know the outcome. And I sure as hell don't want to miss the massive long, just cause not everything was in sink. That's why you need some MM. It will be nice to get confirmation from other input, but it ain't absolutely necessary.

Individual stocks can unexpectedly jump either way because of bad or good figures coming out, individual pairs can unexpectedly jump either way around because some fat ass Central Banker is sitting on his buy or sell button. And this banker is just paid to sit tight...no ceiling, no sympathy, just sit tight.

Anyway, thanks for your input, no disrespect at all, every one has it's own approach and that makes the thread as long as we don't get to much of topic.

  • #1,167
  • Nov 7, 2012 8:28am Nov 7, 2012 8:28am
Difficult day
A loss this morning
no signals in M15 but a pretty divergence in M5 far from the HAS: buy
goal: 1.5 % just reached
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  • #1,168
  • Nov 7, 2012 8:31am Nov 7, 2012 8:31am
Quoting omadivi
A very typical "bear" day. You still holding on to those longs?
hi omaldi

the nature of the beast,

comming out of the asian session i was 600 + pips up and everthing was looking good on the back of the election results,heading into london open price fell off ,after an exagerated up move,closed one and held the other,basically watched the whole market turn and had to swallow 560 pip hit.

then the german dicided to tell the world that europe is becomming a pain in the arse to there strong economy,that sent everthing into a full blown sell.

losses are part of the game,as long as they remain less frequent than the gains,which up till this morning have been very good

things levelling at the moment,im on the sidelines untill after the final words on greece later today,

ill go back to my little corner and scalp cable,my favourite pass time.
untill the news is over

regards
  • #1,169
  • Nov 7, 2012 8:32am Nov 7, 2012 8:32am
Quoting dj083
Its a good system from what little experience I have with it so far. But you know what your problem is trader? You dont trade it smart. You set yourself up for huge drawdowns which is killing your pips you have already earned from it. You trade it as soon as you see a sell or buy signal but the thing is when that signal happens the price could be 150 or more pips away from the HAS. So if it retraces back and makes a trend change, you are eating all of that drawdown. Why not just wait for it to retrace back to the HAS to shorten up your stoploss...
You if it operates with a stop sign of-560 pips with a system tendencial cannot limit the earnings to 150-200 pips, since it would need to succeed very much to win. The systems tendenciales succeed 30-35 %, for what it is indispensable to stop to traverse the earnings and them not to border to 150 pips. If you limit the earnings and operates with a stop sign of-560 pips, you were not winning. I am experienced commercial, more than 15 years.

Regards,
  • #1,170
  • Nov 7, 2012 8:41am Nov 7, 2012 8:41am
Quoting madscalp
Difficult day
A loss this morning
no signals in M15 but a pretty divergence in M5 far from the HAS: buy
goal: 1.5 % just reached
All my baskets are closed in profit. If you are confident that you buy low and sell high why do you need stoploss?
Follow me to the Promised Land
  • #1,171
  • Nov 7, 2012 8:44am Nov 7, 2012 8:44am
Quoting Trading2012
You if it operates with a stop sign of-560 pips with a system tendencial cannot limit the earnings to 150-200 pips, since it would need to succeed very much to win. The systems tendenciales succeed 30-35 %, for what it is indispensable to stop to traverse the earnings and them not to border to 150 pips. If you limit the earnings and operates with a stop sign of-560 pips, you were not winning. I am experienced commercial, more than 15 years.

Regards,
Guess the 560 pip stop is a hard stop and in most conditions you're long out and in a reverse trade before this hard stop is hit. Professional or not, yesterday/today is something that's happening once every four years. I am experienced enough to know that the outcome of US elections can be a pain and can be easily avoided as everyone and it's grandma are talking about it for about a year now and know it was gonna happen this day in November 2012.
  • #1,172
  • Nov 7, 2012 8:44am Nov 7, 2012 8:44am
Quoting xlitang
All my baskets are closed in profit. If you are confident that you buy low and sell high why do you need stoploss?
Just short term trading
the trend is not clear
  • #1,173
  • Nov 7, 2012 8:48am Nov 7, 2012 8:48am
As with any system in Forex trading, you can not follow that system blindly.

There is always a certain amount of discretion to be used and you must have a strict money management which is the crux of any system.
I set my trade to break even+ as soon as i am 30 to 50 pips in the clear.
If the market reverses then i don't lose anything.

The problem in any system is when to exit, not when to enter.
I do not chase pips to the max or to the opposite signal, as that never works consistently.

If i win a basket trade i do not enter another immediately unless certain conditions are met.

Be content with a certain profit gain for the day and leave the trading and just analyze the days trades.
  • #1,174
  • Edited 10:12am Nov 7, 2012 9:56am | Edited 10:12am
today i was very lucky because i was out with the family, so i put in test mode autotrader provided by pat1.

I dont know what to say. just UNBELIEVABLE. the man who wrote it is very SUPER generous to share it for free.

I placed the autotrader EA to #kos#14H1, to open a long trade on the core5 basket just below the HAS line, it opened the trade at 1151gtm at closed it at 1410gmt with 400 pips loss (at the visual SL).

Had I opened the universal basket, the profit would be locked at +150, but the core5 basket bounced only for 40 pips.

But as I said I was on trial mode, so no damage.


just to say again simply fantastic.
  • #1,175
  • Nov 7, 2012 9:59am Nov 7, 2012 9:59am
Ok..enough said. No system is perfect. We have some good days and bad. The good ones shld always out-number the bad. Now, let's learn. Why haven't the AUD and NZD pairs dropped? World indices are down, but the AUD and NZD have held their own. What about shorting them now? An AUD-NZD short basket..the USD and YEN are still strong, the NZD is tending towards weakness. Any takers?
It is possible to make large sums trading, small losses, large wins
  • #1,176
  • Nov 7, 2012 10:03am Nov 7, 2012 10:03am
Quoting Gvc
As with any system in Forex trading, you can not follow that system blindly.

There is always a certain amount of discretion to be used and you must have a strict money management which is the crux of any system.
I set my trade to break even+ as soon as i am 30 to 50 pips in the clear.
If the market reverses then i don't lose anything.

The problem in any system is when to exit, not when to enter.
I do not chase pips to the max or to the opposite signal, as that never works consistently.

If i win a basket trade i do not enter another immediately...
hi Gvc

thats the difficult part of this method of trading to get right.lots of 200 pip basket wins,the initial risk is 560 pips,which given the average range of 14 pairs within the basket is very realistic.cutting profits or taking stops up tight to price over time will not be healthy to the account the r/r is tampered with to such a degree over time it can only be a negative outcome.

this goes on to points being made regarding capturing these smaller swings,we need to capture the larger trend moves to benifit the r/r.

im more inclined to get caught with the occasional 560 loss but hold trades for greater gains ,trying to get the r/r to work in our favour.

if the stop is 560 pips and your trade is cut before the 560 pip loss ,then what is the initial risk ? not directed at you personaly.

descresion does indeed play apart in all my own trading but im trying to establish the foundation ,if risk initially is 560 pips and we go straight into drawdown .then 560 is what we need to work with .the mm and rr can be worked from that premise

others input would be welcome

regards
  • #1,177
  • Nov 7, 2012 10:07am Nov 7, 2012 10:07am
Quoting as002
today i was very lucky because i was out with the family, so i put in test mode autotrader provided by pat1.

I dont what to say. just UNBELIEVABLE. the man who wrote it is very SUPER generous to share it for free.

I placed the autotrader EA to #kos#14H1, to open a long trade on the core5 basket just below the HAS line, it opened the trade at 1151gtm at closed it at 1410gmt with 400 pips loss (at the visual SL).

Had I opened the universal basket, the profit would be locked at +150, but the core5 basket bounced only for 40 pips.

But as...
Which Autotrade EA you referred to?
Follow me to the Promised Land
  • #1,178
  • Nov 7, 2012 10:10am Nov 7, 2012 10:10am
post #1038


posted by GVC
  • #1,179
  • Nov 7, 2012 10:23am Nov 7, 2012 10:23am
560 is a problematic NO. too large seemingly,

on offline chart, 560 pip sometimes are more than a sufficient exit message.

but that's a minor issue compared to take profit side.

the TP should be at least 560, if SL is.

this is a swing/trendy system, so the TP vs SL need to be at least 1:1, just my own feeling...

Quoting diceman555
hi Gvc
descresion does indeed play apart in all my own trading but im trying to establish the foundation ,if risk initially is 560 pips and we go straight into drawdown .then 560 is what we need to work with .the mm and rr can be worked from that premise

regards
  • #1,180
  • Nov 7, 2012 10:36am Nov 7, 2012 10:36am
Quoting Trading2012
It jumps the stop sign with-560 pips. I am now out of the market.

From October 24.

1. +574 pips
2. -412 pips
3. +420 pips
4. +440 pips
5. -102 pips
6. -385 pips
7. -560 pips

TOTAL: -25 pips

The system original Kos does not work if there is no trend. It is necessary to do mas test but at the moment the system does not win.

A greeting.
Today is hellish really but then
I pity you, if you don't know that there is something they call trade management. and if you think you can ignore the fundamentals because you have an indicator that paints blue and red and so you are a winner and if for that matter you think you will win always.

that said; even if I use an EA to auto trade today I don't think the three trades of today are what you post here.

the 1st sell didn't have a chance to BE and so stopped at -310 pips HAS changed.
the 2nd buy had enough chance to BE but you refused to BE and so even at that did not hit the -560 pips but must be stopped out at around -360 pips. For me its a BE
the last sell which is on now is already +220 pips. For me its a BE at worst

the buy of yesterday went as far as +400 pips and you still closed it at -102 pips so what do you want.

kos
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