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Range Bar Basket System

  • #461
  • Jan 17, 2013 7:03am Jan 17, 2013 7:03am
I forgot say that when you have open 2 positions cause position 1 dont reached target1 yet.... and 4h HA change... you must close 1 position (normally at profit) and leave 2nd position free. Dont move SL at BE. You are increasing 50% your risk and you have a bit profit too. Leave free position and wait for happens.
If 2nd position close at loss you are increasing 50% your risk. If position come back to main trend you can capture largest profit.

I hope you understand me.
Regards.
That which you give to others, life will return it in spades
  • #462
  • Jan 17, 2013 8:51am Jan 17, 2013 8:51am
Quoting as002
New RB is forming.
looking only for shorts. It may go to 130 (D1- target1) but before that a rebound to 144.4-145.8 (1H-4H range) is possible.
Really nice setup for short if it comes true.

should morning 2nd basket had opened, would be BE.


Waiting.............
firts part of the setup came true.

unfortunately at 0230 CET.

http://i.imgur.com/2VvZO.png
  • #463
  • Edited 3:35am Jan 18, 2013 3:14am | Edited 3:35am
Hello Friends,
I am going in to take a Buy trade @ 151.50 looking to take 1st profit @ 450pips and let the other trade run.
find attached my observation.
Attached Image (click to enlarge)
Click to Enlarge Name: buy @ 151.50.gif Size: 35 KB
  • #464
  • Jan 18, 2013 3:35am Jan 18, 2013 3:35am
Quoting ejikz
Hello Friends,
I am going in to take a Buy trade @ 151.50 looking to take 1st profit @ 450pips and let the other trade run.
find attached my observation.
Hi all:
Good luck mate but at this trade price is looking for 4hRBL. I think that you could have a -250 DD before to stay at profit. Look 4h chart. For me is better to wait 4H RBL and buy around 149-149.50.
If you loss this trade and price retest entry level you can close 1 position to BE and leave 2nd position still open to see what happens increasing 50% risk. For me trend will continue UP.
Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jaq.jpg Size: 99 KB
Click to Enlarge Name: jaq1.jpg Size: 109 KB
That which you give to others, life will return it in spades
  • #465
  • Jan 18, 2013 3:43am Jan 18, 2013 3:43am
Thank you Jaq for the insight
  • #466
  • Jan 18, 2013 3:51am Jan 18, 2013 3:51am
Quoting ejikz
Thank you Jaq for the insight
From wednesday +2250 pips UP..... at 2 days..... So much. .
Today is friday. Friday = retracement day.
Or not.......
That which you give to others, life will return it in spades
  • #467
  • Jan 18, 2013 3:57am Jan 18, 2013 3:57am
@ Jaq
He Jaq, please answer this for me, in a situation where our 4hr chart is very far apart due to different broker's time, how do one know the best option of the broker time to use as a guide for the 4hr entries. thanks
Check out my own 4hr chart and compare it to yours, it shows my waiting entry should be @ 147.50 can you see the problem? any idea on way out of these situation?
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr chart.gif Size: 30 KB
  • #468
  • Jan 18, 2013 3:57am Jan 18, 2013 3:57am
Ok ejikz. You are in profit now. DD is finished?..... May be.
That which you give to others, life will return it in spades
  • #469
  • Jan 18, 2013 4:02am Jan 18, 2013 4:02am
Close position 1 at -15 pips. Leave 2nd free.
That which you give to others, life will return it in spades
  • #470
  • Jan 18, 2013 4:11am Jan 18, 2013 4:11am
Quoting ejikz
@ Jaq
He Jaq, please answer this for me, in a situation where our 4hr chart is very far apart due to different broker's time, how do one know the best option of the broker time to use as a guide for the 4hr entries. thanks
Check out my own 4hr chart and compare it to yours, it shows my waiting entry should be @ 147.50 can you see the problem? any idea on way out of these situation?
Good quest.
RBH/L really are not exact entry points. RBH/L are entry zones/areas.
Your chart and mine sure are not the same. But im sure that retracement zones are the same cause price is the same.
In your chart 4h bar is formed in other time frame and it do that you miss somes entries... But im sure too that i miss some entries in my 4h chart if i compare with your.
What do you do?. Possibly only thing you can do. To probe at 1h TF and risk. There is no reward without risk.
Regards
That which you give to others, life will return it in spades
  • #471
  • Edited 4:37am Jan 18, 2013 4:21am | Edited 4:37am
hallo everyone,

146.33(4h21MA, 4H RB low) - 148 (1H RB low,1H 50MA,1H RSI50)

might be a A+ setup for buy. would be A+++ if it was not friday.
  • #472
  • Jan 18, 2013 4:22am Jan 18, 2013 4:22am
In this trade i have a teorical (only teorical) advantage. My 4h chart say that 4h RBL is a support cause price touch this level. But i can loss. Sure. Accurate is not 100%.
In your chart price dont touch your 4h RBL but could be touch more late and then my entry finally at loss.
Im sure that in another trade you have a teorical advantage if you can see 4h RB how support/resistance.

The most important thing is that you can loss a single trade or an entry but possibly in the long term results are the same.
4h bar is a reference. But 1h chart is the same for all brokers. Here there is no conflict.
Its only a coment.
Regards.
That which you give to others, life will return it in spades
  • #473
  • Jan 18, 2013 6:08am Jan 18, 2013 6:08am
I took another entry @ 148 targeting 500 pips and the other entry which i took earlier @ 151.50 is still open which i' will close it at little profit when it get there.
Attached Image (click to enlarge)
Click to Enlarge Name: buy @ 148.gif Size: 35 KB
  • #474
  • Jan 18, 2013 7:13am Jan 18, 2013 7:13am
Quoting ejikz
I took another entry @ 148 targeting 500 pips and the other entry which i took earlier @ 151.50 is still open which i' will close it at little profit when it get there.
Hi ejikz:
Look my chart. At 148 is good entry.
My 4hHa closed down. I increase position size 50%. Enter only 1 position here. In this trade my target1 is not RBH.
Today is friday. When price reached RBH at +550 I move SL to BE and still open to next monday.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: jaq1.jpg Size: 118 KB
That which you give to others, life will return it in spades
  • #475
  • Jan 18, 2013 7:22am Jan 18, 2013 7:22am
Quoting ejikz
I took another entry @ 148 targeting 500 pips and the other entry which i took earlier @ 151.50 is still open which i' will close it at little profit when it get there.
I am little bit confused though i m trading basket, whose pricee is 148? is it average price of 14 pair or price of a single pair. Please clarify me.
  • #476
  • Jan 18, 2013 7:28am Jan 18, 2013 7:28am
Today is not a good day.... I dont taked these trades to these hours but if you are infront pc 24 h these are all trades for today.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: jaq1.jpg Size: 107 KB
That which you give to others, life will return it in spades
  • #477
  • Jan 18, 2013 7:32am Jan 18, 2013 7:32am
Quoting mpradeep
I am little bit confused though i m trading basket, whose pricee is 148? is it average price of 14 pair or price of a single pair. Please clarify me.
Hi mpradeep. Wellcome to thread.
The range of 1h bar in a basket chart is the add to range of every 1h bar in 14 pairs.
Regards.
That which you give to others, life will return it in spades
  • #478
  • Jan 18, 2013 7:42am Jan 18, 2013 7:42am
Quoting Jaquemate
Hi mpradeep. Wellcome to thread.
The range of 1h bar in a basket chart is the add to range of every 1h bar in 14 pairs.
Regards.
Thank you,

I am reading all your updates and doing basket trade. This week I earned more than 300 pips.Thank you again. God bless you.
  • #479
  • Jan 18, 2013 8:09am Jan 18, 2013 8:09am
Quoting mpradeep
Thank you,

I am reading all your updates and doing basket trade. This week I earned more than 300 pips.Thank you again. God bless you.
Thanks for compliments.
Could you post your trades?. I anime you to post please.
Regards.
That which you give to others, life will return it in spades
  • #480
  • Jan 18, 2013 11:06am Jan 18, 2013 11:06am
Update situation.
Closed Buy position at BE.
Look at 5m chart.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: jaq1.jpg Size: 85 KB
That which you give to others, life will return it in spades
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