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Still Basketting

  • #2,661
  • Jan 10, 2013 3:41pm Jan 10, 2013 3:41pm
Quoting Kosomolate
good talk pippopotamus. and its like this is one of the reasonably structured model, reasonably structured?

1. we maximise pip gain to the extent that HAS shows us to follow or change the trend. and with the powerful ADD-ON or reentry trades
2. we BE as soon as the opportunity shows up and this has been helping in choppy times.
and if not HAS would get us out before SL and if the worst happens we take the SL and move on to the next trade
the thing is we are always there because we don't know when the 5000+ pips would happen.

if...
Very reasonable!!!! Indeed!!!!!! I am on H4... Seems to me that adding on may be done effectively simply by waiting for price channel (I have 6, 12, and 18 pd. on my chart) to go flat for 5-6 bars, and then add when price breaks channel in direction of trend... What do you think??? ...#3, Because of margin factor, my return on G/J win of 100 pips can be larger than same with basket. I can take larger positions.
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Vincit qui se vincit.
  • #2,662
  • Jan 10, 2013 3:43pm Jan 10, 2013 3:43pm
see 5 min TF pushing the top of the screen

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #2,663
  • Jan 10, 2013 3:53pm Jan 10, 2013 3:53pm
Quoting Pippopotamus
Very reasonable!!!! Indeed!!!!!! I am on H4... Seems to me that adding on may be done effectively simply by waiting for price channel (I have 6, 12, and 18 pd. on my chart) to go flat for 5-6 bars, and then add when price breaks channel in direction of trend... What do you think??? ...#3, Because of margin factor, my return on G/J win of 100 pips can be larger than same with basket. I can take larger positions.
that is a very good add-on plan, once it would not get you in too late or too early
that's why I prefer stepping down to lower TF and wait till when the trend has truly flowed back to the bigger trend

If you know how to handle GJ very well that is double return and less risk

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,664
  • Jan 10, 2013 3:55pm Jan 10, 2013 3:55pm
Quoting Croissant
http://s019.radikal.ru/i616/1301/85/9bd83aabb427.gif

Today I made +3.7% on quick sell (starting move on London open). Missed that buy you all been talking about. Sad but true. I won't trade tomorrow, so will wait till monday.
Still, +16.2% on my real account this week. Nice results, my best of all time for one week result. All thanks to Core5 basket trading and Kosomolate, who introduced me to BTS via this topic. This is my third week of BTS (two first weeks were +7% and +8% on real account, in december).

From newbie to newbies -...
Croissant, I your trades are great. Good job and way to think out of the box; also great adivse to newbies.
If it's working, we want to hear about it (don't we?) at least for sure do. Please keep posting your trades.

TraderJoe
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,665
  • Jan 10, 2013 3:57pm Jan 10, 2013 3:57pm
Quoting Kosomolate
Helloo!

what hapin? whats pushing the charts like this?

kos

Well... BTS of course
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,666
  • Jan 10, 2013 4:04pm Jan 10, 2013 4:04pm
Quoting TraderJoe
Well... BTS of course
I mean I looked at the calendar and there is no serious event that could start from
yesterday and still pushing things this moment.

Hope I have not missed some events. BTS can not push anything on its own

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,667
  • Jan 10, 2013 4:35pm Jan 10, 2013 4:35pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Kosomolate
I mean I looked at the calendar and there is no serious event that could start from
yesterday and still pushing things this moment.

Hope I have not missed some events. BTS can not push anything on its own

kos

I'm not great with fundimantals, but i think the round of positive data from various non-USA countries, a little Yen intervention coupled with some confidence in the global markets

people feel safe to trade back into better exchange rates and more positive returns - first week back, some sound (we'll see) decisions from Obama, Yen taking advantage of the quiet times at the start of the year etc
  • #2,668
  • Jan 10, 2013 4:38pm Jan 10, 2013 4:38pm
Trade update

Who's pushing this basket?
KOS do you have an idea?
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  • #2,669
  • Jan 10, 2013 4:46pm Jan 10, 2013 4:46pm
Quoting MPP
I'm not great with fundimantals, but i think the round of positive data from various non-USA countries, a little Yen intervention coupled with some confidence in the global markets

people feel safe to trade back into better exchange rates and more positive returns - first week back, some sound (we'll see) decisions from Obama, Yen taking advantage of the quiet times at the start of the year etc
ok! I see.

well whatever is moving it, thank God we are there to follow it through


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,670
  • Jan 10, 2013 4:48pm Jan 10, 2013 4:48pm
Quoting bishopdotun
Trade update

Who's pushing this basket?
KOS do you have an idea?
no bro, but MPP just gave the combinations of could be responsible for this massive move
just checked before I post and its +1700 pips

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,671
  • Jan 10, 2013 4:54pm Jan 10, 2013 4:54pm
Quoting Croissant
http://s019.radikal.ru/i616/1301/85/9bd83aabb427.gif

Note: I got another set of indicators on my Core5 chart. I don't use HAS and VQzz. Please tell me if it's distracting to the topic, and if so, where can I discuss Core5 trading, if my method is not welcome here. Thanks.

Good luck to all BTS traders, respect and profits.
Hi Croiss. Nice work! Just to echo a few of the other replies your indicators and variant of the system are definitely interesting. I especially like the text based multi timeframe strength indicator. You should start a new thread with "Basketting" in the title discussing you method and indis. That way people can test out the strengths of your variant alongside Kos's proven one.

Cheers,

Dud
Everyone's got a plan until they get punched in the face
  • #2,672
  • Jan 10, 2013 5:10pm Jan 10, 2013 5:10pm
Quoting Kosomolate
I mean I looked at the calendar and there is no serious event that could start from
yesterday and still pushing things this moment.

Hope I have not missed some events. BTS can not push anything on its own

kos
Didn't you see this?

Quote
7:00amGBPOfficial Bank Rate 0.50%0.50%0.50%
7:45amEURMinimum Bid Rate 0.75%0.75%0.75%

Rate decisions are big news that can affect the markets short and long term.

Regards,
  • #2,673
  • Jan 10, 2013 5:17pm Jan 10, 2013 5:17pm
Posted by MPP
Don't rush to lose money, the markets will always be there, but your real money may not.
Take the time to see this beast in both the positive and the negative times - you need to understand how to manage both good and bad trades first, otherwise the bad trades will eat you up.

whats a couple of months against the big picture of a life of easy trading.
Quoting Kosomolate
@Zent88
if I were you I will run with MPP's advice. it would save you from heartache later

kos
Hi Kos n MPP

thank you for a good advise... I really needed
This time, I get lucky. when I enter my first trade on demo. trend momentum kick in.

I will try this Basketting for at least 2 weeks or more, in order to get the feel of good and bad trade.
I am using 10,000 demo money. and 0.1 lot each pair.
I will keep a close eye on open positions.

I have not closed open position yet. it become +2000pip right now... I do not know how much more pip it will get,
anyway I have locked 1000pip, if it move againts my position.
  • #2,674
  • Jan 10, 2013 6:01pm Jan 10, 2013 6:01pm
Quoting caseyjw
+1100 now
+1710 now, thanks Pip how high will it go?
  • #2,675
  • Jan 10, 2013 6:11pm Jan 10, 2013 6:11pm
On core 5 Major Resistance at 103.27 last time at this level Dec 2009
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  • #2,676
  • Jan 10, 2013 6:15pm Jan 10, 2013 6:15pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
caution as we ride into the last day of trading for the week, after a run like this i'd be expecting a large amount of profit taking as we head into the weekend, watch for a stall in the charts.

unfortunately there is no easy way to pick a good point for a stop and no way of knowing the likely high of this run.

Good luck and may the pips be with you.

MPP
  • #2,677
  • Jan 10, 2013 6:21pm Jan 10, 2013 6:21pm
Quoting MPP
caution as we ride into the last day of trading for the week, after a run like this i'd be expecting a large amount of profit taking as we head into the weekend, watch for a stall in the charts.

unfortunately there is no easy way to pick a good point for a stop and no way of knowing the likely high of this run.

Good luck and may the pips be with you.

MPP
890 PIPS in last 24 hrs I'm locked at 694 I'll take it TS for now Core5
  • #2,678
  • Jan 10, 2013 6:32pm Jan 10, 2013 6:32pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting dryclean
On core 5 Major Resistance at 103.27 last time at this level Dec 2009
Since the big drop of 2008 which pushed the market through this point with ease, the markets have annually tried to push back through it. 2009 spent the year bouncing around it, then 2010 and 2011 tested it.

It was also an area of support back in 1993, so based on this, it looks to be an historical flip zone - is it time for the longs to have a go again? the length or time spent below this area has extended with each round - so based on the cycle of the beast we could be in for some fun for a couple of months and then a long run north. next point of interest on the weekly charts is 20,000pips north

So what this time??? I really don't trade funnymentals or try to predict the markets, but it is nice to see the bigger picture and be prepared for what may come.

regards

MPP
  • #2,679
  • Jan 10, 2013 6:52pm Jan 10, 2013 6:52pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting dryclean
890 PIPS in last 24 hrs I'm locked at 694 I'll take it TS for now Core5

I trade slightly differently to most - i treat each timeframe as it's own trade, although i do reference them across - so sometimes i'm long on the daily chart and short on the 1h.

I was unfortunate enough to close my daily trade yesterday morning as the charts seemed to be stalling and looked to be turning, i miss managed my 1h chart and that only leaves me with a 4h trade in play, otherwise i'd probably be taking the rest of the year off (I wish).

so this year to date, i've closed a daily trade for 5549pips (opened 21st nov), a few 1h trades for a little over 3000pips, 1 4h trade from the 26 dec 1500pips and i'm left with a 4hr trade currently sitting at 1300pips

so based on the fact that everything is 2000pips higher than yesterday morning, i'm down 6000pips - -- -- - - so pe'd off (just kidding)

I am a real basket case.

MPP
  • #2,680
  • Jan 10, 2013 8:09pm Jan 10, 2013 8:09pm
By the looks of the techs I believe we have a way to go yet here after a little breather takes place, time will tell.

TraderJoe
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
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