Still Basketting | Page 132 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone still trading Mouteki? 45 replies

The EUR/USD Rally-Still Dead? 23 replies

The Euro Rally Is Still Dead-coreCPI/TIC Update 3 replies

USD in Toilet but still buys Chinese Goods!!! 11 replies

Immediate market reaction on news are still the same ? 18 replies

Attachments: Still Basketting
Exit Attachments

Still Basketting

  • #2,621
  • Jan 10, 2013 1:28am Jan 10, 2013 1:28am
Quoting Dud45
Do you mean you hit your stop loss at -40 pips? If so that's an extremely low SL for this system on the H1 chart. Generally the higher the time frame the larger the SL needed to allow the market to "breath" (whipsaws, temporary retracements). If you want to run run a small stop try moving down to the M5 or M15 time frames. I'm sure someone will correct me if I'm wrong but I'm pretty sure KOS runs a stop of $560 on a 10K account on the M15 Chart. This equates to over a 500 pip SL (although HAS normally triggers a trade reversal long...
Hi Dud, Thanks for the pointer. When I meant 40 pips, I meant 40 pips per pair, which makes 560 SL for all 14 pairs. However, perhaps you are right on the SL for H1 Timeframe. I think in Kos description, it is 40 pips per pair for a 15 TF.

I wonder what is the SL for H1. hmm.. gotta recheck, cos I thought I saw it as 40 pips as well? Anyone care to rectify?
  • #2,622
  • Jan 10, 2013 2:00am Jan 10, 2013 2:00am
Quoting gyfu
Hi Dud, Thanks for the pointer. When I meant 40 pips, I meant 40 pips per pair, which makes 560 SL for all 14 pairs. However, perhaps you are right on the SL for H1 Timeframe. I think in Kos description, it is 40 pips per pair for a 15 TF.

I wonder what is the SL for H1. hmm.. gotta recheck, cos I thought I saw it as 40 pips as well? Anyone care to rectify?
i think it is 40 pip as well...
on M15 chart you are actually trading H1 as well. it is caused of VQzz indi.

HAS is 15 minutes based.

when you want to open a BTS position, you have to confirm minimal 4 bar waiting for the VQzz to be the same color as HAS. then make a move...

I guess it is right.... if not hope anyone mind to explain....

Hope above brief explanation will help

NOTE: please read through from beginning! again and again... it is all there.

Ciao

Mick
  • #2,623
  • Jan 10, 2013 2:21am Jan 10, 2013 2:21am
Quoting gyfu
Hi Dud, Thanks for the pointer. When I meant 40 pips, I meant 40 pips per pair, which makes 560 SL for all 14 pairs. However, perhaps you are right on the SL for H1 Timeframe. I think in Kos description, it is 40 pips per pair for a 15 TF.

I wonder what is the SL for H1. hmm.. gotta recheck, cos I thought I saw it as 40 pips as well? Anyone care to rectify?
Ah ok, 40 per pair makes sense when you put it that way. I try not to think of it as 14 separate trades though. I try to think of it as a single trade on the offline chart with a single 500 pip stop loss. Meaning there would be no hard 40 stop on any one pair. For instance one pair could be negative 80 and one could be positive 80 and it would still be showing break even. I'd be happy for one pair to be negative 1000 pips as long as the sum of the remaining pairs is larger than 1000 pips

As far as stops go I'm going to trial placing stops at the previous high/low. Depending on how far away that stop works out to be will determine how big a lot size I will trade per pair.

Cheers,

Dud
Everyone's got a plan until they get punched in the face
  • #2,624
  • Jan 10, 2013 4:16am Jan 10, 2013 4:16am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting zent88
I would like to thank Kos, and other contributors to BTS. Kos, you have make BTS such an easy way of trading.

I would like to compare your chart H4 posted (post 2602). I would like to know why yours is abit different from mine. is it because of different broker? or you have different setting than originally posted?

KOS chart
Attachment


Mine
Attachment

Ciao...

Mick
Hi Mick
At first glance your chart looks to be missing data, i'd check you have all pairs available in mt4 and then open each pair in seperate chart and scroll back through each timeframe (only a couple of pages is needed) - this takes a little while, but will ensure your candle history is correct and upto date, normally the gaps like this are seen in new MT4 platforms because data is missing.

hope this helps

MPP
  • #2,625
  • Jan 10, 2013 4:31am Jan 10, 2013 4:31am
Quoting MPP
Hi Mick
At first glance your chart looks to be missing data, i'd check you have all pairs available in mt4 and then open each pair in seperate chart and scroll back through each timeframe (only a couple of pages is needed) - this takes a little while, but will ensure your candle history is correct and upto date, normally the gaps like this are seen in new MT4 platforms because data is missing.

hope this helps

MPP
Thanks MPP for the help. yes there 2 different things...
1. some missing data (may be)
2. when Kos chart show that the candle (with arrow sign) just touch the HAS (did not penetrate) and bounce back up, my chart show the candle penetrate HAS and bounce up. I thought i would be different HAS setting.???

wow.... open separate 14 charts?

How about using kos tool to force chart to download ???


thanks

Mick
  • #2,626
  • Jan 10, 2013 4:46am Jan 10, 2013 4:46am
Quoting gyfu
Hi Dud, Thanks for the pointer. When I meant 40 pips, I meant 40 pips per pair, which makes 560 SL for all 14 pairs. However, perhaps you are right on the SL for H1 Timeframe. I think in Kos description, it is 40 pips per pair for a 15 TF.

I wonder what is the SL for H1. hmm.. gotta recheck, cos I thought I saw it as 40 pips as well? Anyone care to rectify?

It's a good question. Originally this system was intended to be basically stoplossless with only disaster stops in place but then it began to change with the profitprotect and at that time it was 560$, not pips. Julius did not use stops but rather he used visual stops meaning he watched is charts and as long as the trend was in tact he would not get out on bounces - even strong ones. The only time he would use a profitprotect is when he had to leave for awhile and could not monitor the trades. Stops are tricky with a system like this. It's better to use a smaller lotsize with a large disaster type stop and don't trade until you know you have a good signal.

TraderJoe

P.S. yea looks like you're missing usd/cad there.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,627
  • Jan 10, 2013 4:52am Jan 10, 2013 4:52am
Most of my Core5 trade closed in profit so I added a 2nd Long run to the 2 remaining.

TraderJoe
Attached Image (click to enlarge)
Click to Enlarge Name: Core5+1.JPG Size: 403 KB
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,628
  • Jan 10, 2013 4:59am Jan 10, 2013 4:59am
Nice System.
  • #2,629
  • Jan 10, 2013 6:14am Jan 10, 2013 6:14am
Thanks mate for your reply @TraderJoe. Just wondering if anyone trading 5M chart. What should be SL for 5M?? I am thinking for scalping based on 0.1 lot.

SL : $50 (10 pips * 5 pair)
BE: $30
TP: $75
R:R = 1:1.5

Any opinion would be appreciated.

Thanks
Success = Practice + Patience + Persistence
  • #2,630
  • Jan 10, 2013 6:21am Jan 10, 2013 6:21am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting zent88
Thanks MPP for the help. yes there 2 different things...
wow.... open separate 14 charts?

How about using kos tool to force chart to download ???


thanks

Mick
the charts don't remain open and you can do one at a time, then close them out.
  • #2,631
  • Jan 10, 2013 7:00am Jan 10, 2013 7:00am
Quoting MPP
the charts don't remain open and you can do one at a time, then close them out.
Hi MPP,

thanks for the help.

I did it one by one... the work of magic...

it help to get more data for my chart

wish you all the best. happy pip collection

Ciao
  • #2,632
  • Jan 10, 2013 8:32am Jan 10, 2013 8:32am
Hi Friends. I hope we are all smiling now.
Attached Image (click to enlarge)
Click to Enlarge Name: chart004.gif Size: 27 KB
  • #2,633
  • Jan 10, 2013 9:53am Jan 10, 2013 9:53am
a ton of thanks Kosomolate for this method.

u can change my life xDD
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #2,634
  • Jan 10, 2013 10:17am Jan 10, 2013 10:17am
Quoting bishopdotun
Hi Friends. I hope we are all smiling now.
Its been okay
Attached Image (click to enlarge)
Click to Enlarge Name: xbas.JPG Size: 85 KB
  • #2,635
  • Edited 11:09am Jan 10, 2013 10:53am | Edited 11:09am
Quoting Kosomolate
Now I will be waiting for 15min TF HAS to change back to RED for me to reenter SHORT
or the 1HR TF HAS go BLUE for me to go LONG. Whichever comes first.

5min TF is just giving the pips nicely since Jan 3rd, anyone doing 5min?

kos
1HR HAS turned blue and it went long and am sitting on +1000 pips now
If I was manually trading I would not have taken this LONG,
I never thought the basket could still push above the recent high but I was wrong look at the 4HR TF
I said it could bounce off the 4HR cos its a very powerful TF and someone said he did not see that happening

voila! the beautiful and powerful bounce, if you didn't catch it don't worry another one would come.

Thank God there are people enjoying themselves like me here

kos
Attached Image (click to enlarge)
Click to Enlarge Name: sb.jpg Size: 67 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #2,636
  • Jan 10, 2013 11:02am Jan 10, 2013 11:02am
Hi MPP!
thank you for the 8th vouch, I deeply appreciate it.
God bless you.

thanks

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,637
  • Jan 10, 2013 11:08am Jan 10, 2013 11:08am
Quoting Kosomolate
1HR HAS turned blue and it went long and am sitting on +580 pips now
If I was manually trading I would not have taken this LONG,
I never thought the basket could still push above the recent high but I was wrong look at the 4HR TF
I said it could bounce off the 4HR cos its a very powerful TF and someone said he did not see that happening

voila! the beautiful and powerful bounce, if you didn't catch it don't worry another one would come.

Thank God there are people enjoying themselves like me here

kos
Hey Kos, when you see a bounce like that off of the H4 HAS, would you enter immediately on the first up bar off of the HAS, or would you go down to H1 and watch price action to get an entry?
  • #2,638
  • Jan 10, 2013 11:31am Jan 10, 2013 11:31am
My system is long currently up 967 pips
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 185 KB
  • #2,639
  • Jan 10, 2013 11:50am Jan 10, 2013 11:50am
Iam +1000pip right now...

I wish it was my real account. It is my first try on BTS trade....

Thanks again to Kos and others who contribute to this BTS...

Soon, I will put on try on real account.

Ciao...
  • #2,640
  • Jan 10, 2013 12:20pm Jan 10, 2013 12:20pm
Quoting bishopdotun
Hi Friends. I hope we are all smiling now.
yes we are

kos
John 3:16 - From THIS love no power on earth can me sever.
3 traders viewing now