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Still Basketting

  • #2,081
  • Nov 30, 2012 2:26am Nov 30, 2012 2:26am
Quoting caseyjw
I also don't trust it, enabled the trailing stop. 500 pips locked.
Too close..why not just close the basket?
It is possible to make large sums trading, small losses, large wins
  • #2,082
  • Nov 30, 2012 2:28am Nov 30, 2012 2:28am
Quoting Kosomolate
.......and the offline chart itself is meaningless, trying to trade it is meaningless
the overall market sentiment is meaningless, the pips we make here are meaningless pips.

this has been discussed at the beginning of the thread. don't start arguments for the sake of arguments

kos
Support and resistance on a chart where the highs and lows are mathematically incorrect is a fallacy. There isn't an argument there, and excuse me for trying to help someone.

lol.
  • #2,083
  • Nov 30, 2012 2:46am Nov 30, 2012 2:46am
Quoting caseyjw
Support and resistance on a chart where the highs and lows are mathematically incorrect is a fallacy. There isn't an argument there, and excuse me for trying to help someone.

lol.
The offline charts are important. I treat it like an index. I like to know its highs/lows/resistance/support areas. Its a very good guide,esp when dealing with the yen pairs. So I also watch the UJ. Dnt down play the importance of the offline charts. It is this system's edge.
It is possible to make large sums trading, small losses, large wins
  • #2,084
  • Nov 30, 2012 2:50am Nov 30, 2012 2:50am
Quoting caseyjw
Support and resistance on a chart where the highs and lows are mathematically incorrect is a fallacy. There isn't an argument there, and excuse me for trying to help someone.
lol.
what am saying is that, no one is watching a particular price or a mathematical point for resistance or support, but don't forget that the offline chart is the sync of the pairs it contains. so to totally say the highs and lows are meaningless is not exactly correct

watch the daily charts of the 14 pairs when they are overbought the D1 offline chart too is overbought. in fact at some point before the offline chart came up, we were trading GJ the pack leader using its signals to place the 14 trades, cos it mirrors the offline very well and mind you this GJ is still in the bunch.

am not against your post but the blankness or over generalization of the statement.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,085
  • Nov 30, 2012 3:01am Nov 30, 2012 3:01am
You both missed my point entirely that's fine. I'm not going to beat a dead horse, let's just make some more pips?
  • #2,086
  • Nov 30, 2012 3:09am Nov 30, 2012 3:09am
Quoting caseyjw
You both missed my point entirely that's fine. I'm not going to beat a dead horse, let's just make some more pips?
cool

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,087
  • Nov 30, 2012 3:20am Nov 30, 2012 3:20am
Quoting caseyjw
FYI, support and resistance on the offline chart is a fantasy, the highs and lows are meaningless.......
I disagree with your statement.

You will find that most times one of the majors hits a Support or Resistance then the other correlated pairs do the same.

Therefore you will find that the Support and Resistance of the basket is remarkably accurate.
  • #2,088
  • Nov 30, 2012 3:47am Nov 30, 2012 3:47am
Some weird moves in the market. Lock your profits and book your tickets for the flight to south ****.

Seems the market has priced in a possible red EZ unemployment figure. Their figures have been red all day.
Safe trading today all.
  • #2,089
  • Nov 30, 2012 4:26am Nov 30, 2012 4:26am
m15 divergence...spotted it late....not convincing on H1 though....not quite sure about today's PA...
Attached Image (click to enlarge)
Click to Enlarge Name: div.JPG Size: 110 KB
It is possible to make large sums trading, small losses, large wins
  • #2,090
  • Nov 30, 2012 4:46am Nov 30, 2012 4:46am
Kos,

Thanks very much for the reply & confirmation.

Will follow this thread closely.

God bless!

Philip
  • #2,091
  • Nov 30, 2012 5:25am Nov 30, 2012 5:25am
if the other jpy crosses are cooperating today the basket would have been filled to the brim
EJ and GJ are 130 & 123 respectively but the others UJ, NJ, etc are not doing same.
at any rate its Friday and the week is still not a bad one.

kos
Attached Image
John 3:16 - From THIS love no power on earth can me sever.
  • #2,092
  • Nov 30, 2012 6:23am Nov 30, 2012 6:23am
subscribed!!!!
  • #2,093
  • Nov 30, 2012 8:41am Nov 30, 2012 8:41am
Quoting hinnavaru
Found an indicator in another thread here in FF. There can only be ten pairs in it. If anyone finds any use for it... Maybe if we can find a MA crossover that can mimic the HAS, then we can have a visual of at-least the most important 10 pairs of the basket.
Hi Hinnavaru, Could you tell me if you could find the mql4 version of this indicator (not compiled). Thanks
  • #2,094
  • Nov 30, 2012 9:07am Nov 30, 2012 9:07am
Quoting effluvium
Hi Hinnavaru, Could you tell me if you could find the mql4 version of this indicator (not compiled). Thanks
No sir no.
Faith with Action
  • #2,095
  • Nov 30, 2012 10:02am Nov 30, 2012 10:02am
Quoting Gvc
I disagree with your statement.

You will find that most times one of the majors hits a Support or Resistance then the other correlated pairs do the same.

Therefore you will find that the Support and Resistance of the basket is remarkably accurate.
ulated

spot on gvc,

other methods i trade are based on this fact,and i can assure everybody its fact,not sure how this reflects on the offline basket charts in respect to levels,but my entries are based on these facts only i trade the breaks using other tools

  • #2,096
  • Nov 30, 2012 12:23pm Nov 30, 2012 12:23pm
its been an interesting week...my thoughts for the coming week...a double top on the H4 chart...divergence on the UJ...all signs pointing down...have a great weekend all....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: double top.JPG Size: 71 KB
Click to Enlarge Name: uj.JPG Size: 191 KB
It is possible to make large sums trading, small losses, large wins
  • #2,097
  • Nov 30, 2012 12:48pm Nov 30, 2012 12:48pm
Quoting omadivi
its been an interesting week...my thoughts for the coming week...a double top on the H4 chart...divergence on the UJ...all signs pointing down...have a great weekend all....
divergence on the EU, GJ, EJ.... even on the D1 offline chart
exactly! south-south

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,098
  • Nov 30, 2012 3:45pm Nov 30, 2012 3:45pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Gvc
For those of you that are interested in accuracy in the offline charts......

Search zznbrm on this forum.

He has done some amazing coding work on the basket offline charts.

Hopefully he will see this post and give you guys a few pointers.

remember this ssytem is set up on the charts in the system -- not sure changing the basket offline would be of help or only confuse things.

for my basket chart, i shifted the decimal point before calculating the chart value, this gives me a value that allows me to see a true 1pip move in the market, if you just add all the pair values together you get false readings as the decimal point is not relivenat to the position of the Pip compare Gj and Eu
  • #2,099
  • Nov 30, 2012 5:26pm Nov 30, 2012 5:26pm
Quoting MPP
remember this ssytem is set up on the charts in the system -- not sure changing the basket offline would be of help or only confuse things.

for my basket chart, i shifted the decimal point before calculating the chart value, this gives me a value that allows me to see a true 1pip move in the market, if you just add all the pair values together you get false readings as the decimal point is not relivenat to the position of the Pip compare Gj and Eu
Yeah, your right MPP.

I deleted my post so as not to confuse anybody.

It is now 01:10 in my neck of the woods.
My dogs just woke me up and i almost caught a thieve busy with his Christmas shopping.LOL
I can be lucky he only got away with the wifes laptop.(No Facebook for her for awhile)
  • #2,100
  • Nov 30, 2012 8:12pm Nov 30, 2012 8:12pm
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+530 pips for this week

thank you Kos

details about my 3 trades are published on my Blog,
but I can say here for the sake of this thread that 2 of the trades were basket trades based on my trading Basket experience,T101 Excel file, Heiken Ashi and RORO(aka fundamentals) .

Kos has the merit of making Basket trade easy to spot on a Metatrader platform
and Trader101 is the genius that invented this system , please give some merits to Julius !!

other good traders from this thread please show your results

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