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Range Bar Basket System

  • #381
  • Dec 28, 2012 4:06am Dec 28, 2012 4:06am
Quoting Jaquemate
Now ba2 position is at +2350 pips.
At past this position reached +2500 pips and then go down untill 1600. Again MFE reached +2850 pips.
For me to close a trade at profit below 50% of MFE is a deficient management of trade.
I search reached at least 65% of MFE.
If i cant diversificate and price will continue down forming a new Down RB i will close this position around +2300 pips.
This amount is 80% of MFE (2850). For me is enought. This could be a good moment to close this trade if i cant diversificate.
Regards.
Excellent trade buddy Profit Locking is the best method... and with ur multiple baskets strategy its more simplified.
.
  • #382
  • Dec 28, 2012 4:15am Dec 28, 2012 4:15am
Quoting max pain
Excellent trade buddy Profit Locking is the best method... and with ur multiple baskets strategy its more simplified.
Hi Max. Nice to talk you today.
Thanks.
I attached two charts thats explain all.
At 4H chart you can see how last down bar break up trend line and close below. Usually when it happens price retrace and retest trend line. I hope that touch white line at confluence between trend line. Round number 114.000 and 50% fibonacci.
If you look at 1h chart you can see that 114.000 is entry price of actual trade. I hope close here at BE.
Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jaq.jpg Size: 118 KB
Click to Enlarge Name: jaq1.jpg Size: 124 KB
That which you give to others, life will return it in spades
  • #383
  • Dec 28, 2012 4:54am Dec 28, 2012 4:54am
Quoting Jaquemate
GM All:
Today i will looking for longs at new RBL. Target1: +380.
This morning i closed position bj1 at Target1: +700.
as002: You taked this trade finally?.
Still open positions:
ba2: +2750
bj2: +650
Regards.
Took it on the demo.

On the live acc I had a buy at 109.72 and it did no go that far.
  • #384
  • Dec 28, 2012 5:06am Dec 28, 2012 5:06am
Ok i closed bk1-2 position at BE with a minimum profit: +80 pips.
Still open 2 buy positions yet.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: jaq.jpg Size: 112 KB
That which you give to others, life will return it in spades
  • #385
  • Dec 28, 2012 5:12am Dec 28, 2012 5:12am
Quoting as002
Took it on the demo.

On the live acc I had a buy at 109.72 and it did no go that far.
Be cautious with live account please. Always there is risk in trading.
Can i ask you how do you management in demo this trade?.
Regards.
That which you give to others, life will return it in spades
  • #386
  • Dec 28, 2012 5:18am Dec 28, 2012 5:18am
market is checking the the 4h RB low level, which also is 1H 21 MA, and ichimoku and the 1M and 5M RSI (Yellow circles)

Waiting for a sell at 114.80 - 115.50

http://i.imgur.com/BiSSN.png
  • #387
  • Dec 28, 2012 5:35am Dec 28, 2012 5:35am
If current 1h bar close above Ichimoku but inside current RB and dont touch RBH.
What do you do?.....
What do you think?.
Regards.
That which you give to others, life will return it in spades
  • #388
  • Dec 28, 2012 5:38am Dec 28, 2012 5:38am
Quoting Jaquemate
Be cautious with live account please. Always there is risk in trading.
Can i ask you how do you management in demo this trade?.
Regards.
entered two long at 110.37. closed 1/2 at 115.5 and 1/2 still open and TP 115.5 and SL at BE.

if it was live I would have closed the second half at early morning dump at about 113.
  • #389
  • Dec 28, 2012 5:48am Dec 28, 2012 5:48am
Quoting Jaquemate
If current 1h bar close above Ichimoku but inside current RB and dont touch RBH.
What do you do?.....
What do you think?.
Regards.
Sellers are strong at 115-117 level and the D1 is already 35 days above 21MA which is about the average.
  • #390
  • Dec 28, 2012 7:35am Dec 28, 2012 7:35am
Attached Image (click to enlarge)
Click to Enlarge Name: bullishgartley.gif Size: 40 KB


Perfect entry as002 as confirmed by Bullish Gartley on 1H.... And yea Sellers are strong above 115 for now... Hold on to the other half might fetch more for ya
.
  • #391
  • Dec 31, 2012 9:13am Dec 31, 2012 9:13am
Hi All:
I only post today to wish all you a VERY HAPPY NEW YEAR.
Kindest Regards.
All the best.
That which you give to others, life will return it in spades
  • #392
  • Dec 31, 2012 10:11am Dec 31, 2012 10:11am
Quoting Jaquemate
Hi All:
I only post today to wish all you a VERY HAPPY NEW YEAR.
Kindest Regards.
All the best.
Thank you and to you too!

Fingers crossed and let's hope that its a good one with lots of pip's .............................and I do think that you are on the right lines
  • #393
  • Jan 1, 2013 5:51am Jan 1, 2013 5:51am
Happy New Year 2013 to all the Basket traders, wonderful +ve pip is all that i wish you all this year...My special thanks goes to Jaq for this unique RB L/H manner of trading the basket.
  • #394
  • Jan 3, 2013 4:58am Jan 3, 2013 4:58am
are we waiting till the 7 jan to trade
  • #395
  • Jan 3, 2013 5:34am Jan 3, 2013 5:34am
I think I might have a mental blockage
I have read the thread twice and have just loaded basket v6 indicator
I then went to the off line files and opened the kos indicator ie 1 hour
The chart came up no problem with a range bar of 550
My question is This chart is off line so there is no movement so how do we know when the top of the range bar is met so we can sell ie my sell would be approx 127.75
  • #396
  • Jan 3, 2013 6:04am Jan 3, 2013 6:04am
Quoting raylin
I think I might have a mental blockage
I have read the thread twice and have just loaded basket v6 indicator
I then went to the off line files and opened the kos indicator ie 1 hour
The chart came up no problem with a range bar of 550
My question is This chart is off line so there is no movement so how do we know when the top of the range bar is met so we can sell ie my sell would be approx 127.75
The offline chart receives ticks from live chart where you loaded Basket6 indie... u need to have that chart open all the time for the offline chart to function.
.
  • #397
  • Jan 3, 2013 6:45am Jan 3, 2013 6:45am
Thanks Max Pain
I have resolved the problem I had an indicator Balance line db which I think was hogging the updates .Removed this indicator and now is working 100%
  • #398
  • Jan 3, 2013 8:12am Jan 3, 2013 8:12am
Hello all, Please be informed that there is a sell opportunity i am going for @ 124.32
what do you think Jaq?
Attached Image (click to enlarge)
Click to Enlarge Name: sell @ 124.32.gif Size: 33 KB
  • #399
  • Jan 3, 2013 9:42am Jan 3, 2013 9:42am
Hi all:
Apologize but i cant post last days cause im in holidays untill next tuesday.
However sometimes i was monitoring my opening positions.
Regards.
That which you give to others, life will return it in spades
  • #400
  • Jan 3, 2013 9:56am Jan 3, 2013 9:56am
Quoting ejikz
Hello all, Please be informed that there is a sell opportunity i am going for @ 124.32
what do you think Jaq?
Hi ejikz. Wellcome to thread. All questions are wellcome.
Im on holidays now but i reply to you by courtesy.
i attached a 1h chart and it dosnt looks like your.
As clarification i must say that in my chart im apply 10 pips how setting to consider a new RB. I think you are appling 14 that i said several post early.
Daily and 4h chart trend for me is UP but i will be cautious the next days. All big trend always start with a small move at lower time frames.
At my chart, and apply strictly rules you must sell around 128 level.
But this move could be only a retrace inside big UP trend and price are only completing gap. Nobody knows.
But if you are short at 124.32 it could be a good entry too. If you take target1 then move open positions to BE for segurity. If price go down this days it could be great. Sure.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: jaq1.gif Size: 27 KB
That which you give to others, life will return it in spades
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