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Still Basketting

  • #2,741
  • Jan 14, 2013 4:12pm Jan 14, 2013 4:12pm
Damn, wish I would have gotten in on that long HAS bounce today. Would've had some sweet pips! Oh well, there'll be another chance later on.
  • #2,742
  • Jan 14, 2013 7:03pm Jan 14, 2013 7:03pm
Quoting Bob_Loblaw
Hey GVC, I was wondering about the logic used for the robot in regards to reentering on the current trend. Today, for example, I would have entered long on the bounce off of the HAS, but I wanted to see if the robot would make the entry, but it didn't. Maybe I don't have the settings right, but if you could shed some light on this that would be great. Thanks!!

Bob Loblaw
Visit my homepage, "The Bob Loblaw Law Blog"
Hi Bob, which script are you using? Post or send pm so I can see if there's something wrong with it. Also what broker are you on ?

TraderJoe
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,743
  • Jan 14, 2013 7:07pm Jan 14, 2013 7:07pm
Quoting TraderJoe
Hi Bob, which script are you using? Post or send pm so I can see if there's something wrong with it. Also what broker are you on ?

TraderJoe
Hey Joe, it's the T101 basket trader v2.2. I use IBFX.
  • #2,744
  • Jan 14, 2013 7:36pm Jan 14, 2013 7:36pm
Quoting Bob_Loblaw
Hey Joe, it's the T101 basket trader v2.2. I use IBFX.

hi bob can you send the T101 basket trader v2.2.script for me.... or post it here.

thanks
  • #2,745
  • Jan 14, 2013 7:40pm Jan 14, 2013 7:40pm
I'm still long since Jan 9th and I added a little more on that last pullback. I am trading it with the assumption that price will make it to the next major resistance near 160.00 on the chart. I think it will, since it has made a good strong break through the last major resistance around the 143.00 level. I'm still going to keep watching the 1h chart for a clear sign of a reversal before I get out. The 1D, 4h, and 1h HAS are all saying long, so I am staying long for now.
Dave
Attached Image (click to enlarge)
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  • #2,746
  • Jan 14, 2013 8:41pm Jan 14, 2013 8:41pm
EJ above 117 strong for must hit target 121. 90
  • #2,747
  • Jan 14, 2013 9:00pm Jan 14, 2013 9:00pm
Quoting PistolDave
I'm still long since Jan 9th and I added a little more on that last pullback. I am trading it with the assumption that price will make it to the next major resistance near 160.00 on the chart. I think it will, since it has made a good strong break through the last major resistance around the 143.00 level. I'm still going to keep watching the 1h chart for a clear sign of a reversal before I get out. The 1D, 4h, and 1h HAS are all saying long, so I am staying long for now.
Dave
HI PD...

thanks for pointing resistance level.....

  • #2,748
  • Jan 14, 2013 9:07pm Jan 14, 2013 9:07pm
Well, maybe I spoke too soon. The news, or whatever it was, just took me out at BE on the last position. I went ahead and closed out with about 1300 pip gain. I'm OK with that. I'll stand aside for awhile and see what happens.
Dave
  • #2,749
  • Jan 14, 2013 9:08pm Jan 14, 2013 9:08pm
Anyone knows what is happening now??

The chart move down more than 600 pip in one hour....

no major news either....


Ciao...
  • #2,750
  • Jan 14, 2013 9:14pm Jan 14, 2013 9:14pm
Quoting PistolDave
Well, maybe I spoke too soon. The news, or whatever it was, just took me out at BE on the last position. I went ahead and closed out with about 1300 pip gain. I'm OK with that. I'll stand aside for awhile and see what happens.
Dave
PD...

Iam still in since 8jan... and holding... I try to follow H1 HAS which has not turn red....

lock for 2000pip.... (too bad it is still demo - but I treat it as real acc anyway).

I also do paper trade for adding position based on retrace.
  • #2,751
  • Jan 14, 2013 9:56pm Jan 14, 2013 9:56pm
Quoting zent88
Anyone knows what is happening now??

The chart move down more than 600 pip in one hour....

no major news either....


Ciao...
This is the first thing I saw posted on FF news that might affect the market that way:
http://www.forexfactory.com/news.php?do=news&id=405075
It really shook out a lot of traders, but if the trend is changing we will just follow it the other way and still do just fine.
  • #2,752
  • Jan 14, 2013 10:02pm Jan 14, 2013 10:02pm
Quoting zent88
Anyone knows what is happening now??

The chart move down more than 600 pip in one hour....

no major news either....


Ciao...
Supply
  • #2,753
  • Jan 14, 2013 10:27pm Jan 14, 2013 10:27pm
Quoting PistolDave
This is the first thing I saw posted on FF news that might affect the market that way:
http://www.forexfactory.com/news.php?do=news&id=405075
It really shook out a lot of traders, but if the trend is changing we will just follow it the other way and still do just fine.
Great...

yea... this will shock may traders... as an unexpected even....

this is what we are as trader afraid of... hiihihihihi

this event seems to be dumping currency on the market (too much supply then demand).

like Bob_Loblaw posted : supply

thanks PD>..

Mick
  • #2,754
  • Jan 14, 2013 10:35pm Jan 14, 2013 10:35pm
Quoting Bob_Loblaw
Supply
Thanks bob for the info
  • #2,755
  • Jan 14, 2013 10:50pm Jan 14, 2013 10:50pm
Quoting wadezig
hi bob can you send the T101 basket trader v2.2.script for me.... or post it here.

thanks
For sure! Here ya go
Attached File(s)
File Type: mq4 T101 Basket Trader v2.2.mq4   90 KB | 537 downloads
  • #2,756
  • Jan 14, 2013 10:50pm Jan 14, 2013 10:50pm
Quoting zent88
Thanks bob for the info
Yep Yep!!
  • #2,757
  • Jan 15, 2013 12:23am Jan 15, 2013 12:23am
Quoting PistolDave
This is the first thing I saw posted on FF news that might affect the market that way:
http://www.forexfactory.com/news.php?do=news&id=405075
It really shook out a lot of traders, but if the trend is changing we will just follow it the other way and still do just fine.
Hi people,its been awhile. Nice to see that the thread has not lost momentum. The UJ has started losing steam, the best sign of a reversal would be an EOD bearish candle,once the UJ starts to drop all the other yen pairs will follow suit. There's a lot of manipulation going on yen-wise.
Fyi: I saw a forecast for the UJ to hit 90. Either way, follow the trend.
It is possible to make large sums trading, small losses, large wins
  • #2,758
  • Jan 15, 2013 1:24am Jan 15, 2013 1:24am
Put 983 pips in the bank when half of my open positions (1/3 of the basket) turned and went short, and I am back up to positive 947.6 currently. Either my half short will be and turn long, or the other half will take profit and join the ride down

Happy pipping
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  • #2,759
  • Jan 15, 2013 1:33am Jan 15, 2013 1:33am
well, 250+ pips, locked 20 pips

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  • #2,760
  • Jan 15, 2013 1:41am Jan 15, 2013 1:41am
Trade Update

Is this the end of the trend or just a correction. I wish i had a crystal ball to tell.
a) Note the red horizontal line.
b) Price bounced off the line yesterday but broke through it with force today.
c) JPY crosses are seriously tanking. HAS is set to change colour
d) Lots of High impact news for GBP and USD today.

Market sentiment is slowly changing and i suspect big traders are taking profits from the last long move. There are 3 possibilities.
1. We retrace a little before resuming the uptrend
2. The market changes completely to bearish and the sell continues
3. This might just be a bear trap.

Whichever way you look at it, we simply follow the HAS signals. No interference with the strategy but clearly, there is high probability that the bears will win today.

I am still waiting for the pip counting tool. Anyone wants to help with that?

Have a great day friends.
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