Still Basketting | Page 135 | 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

  • #2,681
  • Jan 10, 2013 9:48pm Jan 10, 2013 9:48pm
It has been a great run in the last two days. I'm still in and up about 1300 pips. But price being at the major resistance on the weekly is worth watching. I suspect a retrace will be coming, at least. Still, I'm staying in for a reversal signal on the 1h chart because you never know what might happen. I want to ride that trend right to the end.

Dave
Attached Image (click to enlarge)
Click to Enlarge Name: 0007 - Major weekly resistance level.png Size: 25 KB
  • #2,682
  • Jan 11, 2013 2:08am Jan 11, 2013 2:08am
Camping out at +1500... let's hope for another pop in the London session
  • #2,683
  • Jan 11, 2013 2:26am Jan 11, 2013 2:26am
Quoting MPP
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...
cool man....

Bravo..........
  • #2,684
  • Jan 11, 2013 2:39am Jan 11, 2013 2:39am
Not too bad for first week of trading in new year.

3 x BE+ (Short)

1 Long trade as per pic.
Attached Image (click to enlarge)
Click to Enlarge Name: bts.gif Size: 34 KB
  • #2,685
  • Jan 11, 2013 2:51am Jan 11, 2013 2:51am
@gvc use the 200 ema close and take only the trades where the ema is below the signal in case of buy or above the signal in case of a buy , it will be all winners
  • #2,686
  • Jan 11, 2013 3:51am Jan 11, 2013 3:51am
Quoting Kosomolate
I see you are having a nice time with BTS 16.2% on the first trading week,
but how come your indicator didn't pick the buy?
If it is an indicator that is still on testing stage and may generate issues like repainting or not,
open another thread on BTS for it and basket traders would come to test with you
but if it will enhance what we are doing here then fire on.
kos
The buy was picked, but I wasn't around to trade it. Of course the buy is obvious here, so I'm sad I wasn't around. Still, it's good I do not overtrade, because it's harmful for my stress and psychology.

My indicator is TDI, which is about 2 or 3 years old, it is popular here on FF, so no testing stage - I don't want to "test" anything, because I'm trading real money.

IMHO, basket (either Kos14 or Core05, doesn't matter) is going up because of:
1. ECB Press Conference;
2. USD Unemployment Claims;
(these two gave the impulse we all saw)
3. Japanese course on weakening the Yen (not so powerful, but still there in long time).


Quoting Dud45
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.
It is "Core5 Signal", look for this thread attachments, GVC uploaded it with Core5 .zip archive.
Thank you. I'm no teacher, I don't want to teach people. I just want to discuss baskets to be "in shape" and to feel market "mood" better. Indicators are not as important here as the whole idea of basket. In BTS, your indicator set is only for your convenience. The method in it's core is the same for all of us. The rest is details - some of us scalp, some take positional trading. Matter of taste and psychology, I think. I trade basket my own way only because of my habits. I think that HAS is very good stuff. I don't trade it only because I'm already used to TDI, and TDI is more scalp based, when HAS is for long runs. But in it's core they both are the same stuff almost. All we know from market is the price and volume, so you can't make many different stuff from that, it's all gonna be the same in it's core, the rest is details and experience. I am more of a scalping person, so I can't use HAS to it's full advantage.

I want to share and discuss my thoughts for long runs.

http://s018.radikal.ru/i502/1301/cb/370108d69997.gif
H4. As I heard, trend is strongest in it's end. Is it the case? At least channel is here. Please discuss our plans for the next week (weeks are divided by lines). I guess that friday and maybe monday will be ranging or down. Thoughts?

http://i082.radikal.ru/1301/f7/6cca6f15c231.gif
H1. Downtrend friday? Some profits has to be taken, but by how much? Thoughts?

Hoping to learn from you experience.
Thanks.
  • #2,687
  • Jan 11, 2013 4:11am Jan 11, 2013 4:11am
Quoting FXEZ
Didn't you see this?



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

Regards,
saw them but the rates were left as they were, no cut no add

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,688
  • Jan 11, 2013 4:14am Jan 11, 2013 4:14am
Quoting MPP
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...
you rock man, you have surpassed someone's annual target in the first 2 weeks and we still have 50 more weeks to go.
real basket case


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,689
  • Jan 11, 2013 4:17am Jan 11, 2013 4:17am
Quoting PistolDave
It has been a great run in the last two days. I'm still in and up about 1300 pips. But price being at the major resistance on the weekly is worth watching. I suspect a retrace will be coming, at least. Still, I'm staying in for a reversal signal on the 1h chart because you never know what might happen. I want to ride that trend right to the end.

Dave
whenever me am not comfortable with how price is sitting I TP and when its clear from that point I seek reentry
cos when it wants to reverse from those strong points it used to be very forceful.


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,690
  • Jan 11, 2013 4:19am Jan 11, 2013 4:19am
Just made +1.85% on quick sell scalp. That's it, I'm done for the week.
Good luck to everybody who is still in the market.
  • #2,691
  • Jan 11, 2013 4:20am Jan 11, 2013 4:20am
Quoting caseyjw
Camping out at +1500... let's hope for another pop in the London session
everybody picking his teeth from yesterday's sumptuous kill

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,692
  • Jan 11, 2013 4:21am Jan 11, 2013 4:21am
Quoting Gvc
Not too bad for first week of trading in new year.

3 x BE+ (Short)

1 Long trade as per pic.
not bad at all, I think its a good start

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,693
  • Jan 11, 2013 4:24am Jan 11, 2013 4:24am
Quoting unimak
@gvc use the 200 ema close and take only the trades where the ema is below the signal in case of buy or above the signal in case of a buy , it will be all winners
very good filter, reduced loosers but some good runs missed filter out too
put 200ema on you chart and look backward you will see what I mean.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,694
  • Jan 11, 2013 4:28am Jan 11, 2013 4:28am
Quoting Croissant
The buy was picked, but I wasn't around to trade it. Of course the buy is obvious here, so I'm sad I wasn't around. Still, it's good I do not overtrade, because it's harmful for my stress and psychology.

My indicator is TDI, which is about 2 or 3 years old, it is popular here on FF, so no testing stage - I don't want to "test" anything, because I'm trading real money.

IMHO, basket (either Kos14 or Core05, doesn't matter) is going up because of:
1. ECB Press Conference;
2. USD Unemployment Claims;
(these two gave the impulse we all saw)
3....
should be right about the cause of the big move.
its good you know yourself and you're comfortable with your indicator


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,695
  • Jan 11, 2013 11:55am Jan 11, 2013 11:55am
Have closed shop for the weekend. As always, near 1 pm EST... At Monday's London open, if H4 uptrend trend still intact, will begin to look to reenter on H1 TF, a la mode de Kos... Bonne chance a tous!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: kosh4.gif Size: 46 KB
Vincit qui se vincit.
  • #2,696
  • Jan 11, 2013 12:31pm Jan 11, 2013 12:31pm
Quoting Pippopotamus
Have closed shop for the weekend. As always, near 1 pm EST... At Monday's London open, if H4 uptrend trend still intact, will begin to look to reenter on H1 TF, a la mode de Kos... Bonne chance a tous!!!!!!
I see a happy man closing his shop for the weekend
cos I see a week that closed in green.

I closed too happily

Bon chance a tu aussi, notre ami

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,697
  • Jan 11, 2013 12:34pm Jan 11, 2013 12:34pm
the trend is ending soon if you look at it closely. its better to wait for another 4H retracement then get in. since the market is way overbought now, it may require a daily retracement to continue the uptrend. my 2 cents. Great weekend.

LP
  • #2,698
  • Jan 11, 2013 1:11pm Jan 11, 2013 1:11pm
Quoting Low Profile
the trend is ending soon if you look at it closely. its better to wait for another 4H retracement then get in. since the market is way overbought now, it may require a daily retracement to continue the uptrend. my 2 cents. Great weekend.

LP
That's what I'll be looking for too, but I'll let the charts tell me which way to go!!
  • #2,699
  • Jan 11, 2013 1:29pm Jan 11, 2013 1:29pm
Quoting Low Profile
the trend is ending soon if you look at it closely. its better to wait for another 4H retracement then get in. since the market is way overbought now, it may require a daily retracement to continue the uptrend. my 2 cents. Great weekend.

LP
you are right, but we have been predicting this down move since November
if you look at some pages back you will see it im my posts, DC, Omadivi e.t.c.

However, there is one thing the charts keep teaching me day after day and which I keep finding
hard to assimilate and that is "am unpredictable, just trade me as I come"

there are times I will say my bias is short and for days the market would blast hundreds
of pips long under my very eyes and I would be on the sidelines simply
because I thought price has lost steam and cannot cross some 'important' points.

The long that went 2000 pips yesterday, I would not have taken it if I was trading manually
and if I didn't keep an open mind concerning the market.

The conclusion of the whole matter, keep an open mind and expect anything from the market.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,700
  • Jan 11, 2013 1:30pm Jan 11, 2013 1:30pm
Quoting Bob_Loblaw
That's what I'll be looking for too, but I'll let the charts tell me which way to go!!
you are correct, that is the winner's mindset and the winning attitude

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