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Still Basketting

  • #3,001
  • Jan 21, 2013 1:58am Jan 21, 2013 1:58am
Quoting Kosomolate
I used swvps before but I stopped because when they reset their servers they will not mail us, you just get there and discover that you mt4 is not running and the EA that is supposed to BE would have missed the opportunity.

may be they have improved now, you can try them, I know what you are going thru bro with the power situation HERE


kos
Thanks boss, I'll give it a try .
  • #3,002
  • Jan 21, 2013 2:49am Jan 21, 2013 2:49am
Quoting PistolDave
Does anyone have any ideas about how to determine when to buy the basket of 14 and reverse the EG and EU - or when to buy and not reverse the two pairs?

The same question applies to selling. How can you tell when to sell the basket with the GC and UC reversed, and when to just sell and not reverse them?

It seems that sometimes one way does better than the other.

Dave
Kos says:

http://www.forexfactory.com/showthre...hf#post6158683
http://www.forexfactory.com/showthre...hf#post6158855

Generally, I always have the swissy pairs reversed.
It doesn't always work but you'll still have enough most of the time.
Psalms 82:6: Forex Must Bow!
  • #3,003
  • Jan 21, 2013 3:08am Jan 21, 2013 3:08am
Quoting omadivi
With regards to exits,If you take your trades off a H1 chart,you could watch the M15 or M30 for exits. In a ranging market,the best tactics would be to buy to resistance and tighten stops incase of an upward break-out (in the case of a buy basket),same approach when selling. I'm a macd fan,so when it gives an opposite signal,I stay clear..its a very healthy approach.
that works too, in fact, just put HAS 15min on H1 and exit as HAS 15min changes colour to the opposite off H1. but someone would say now that it gets you out prematurely.

In ranging time, the MTFStochastic is good to see when its hitting h4

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,004
  • Edited 3:39am Jan 21, 2013 3:25am | Edited 3:39am
Quoting PistolDave
Does anyone have any ideas about how to determine when to buy the basket of 14 and reverse the EG and EU - or when to buy and not reverse the two pairs?

The same question applies to selling. How can you tell when to sell the basket with the GC and UC reversed, and when to just sell and not reverse them?

It seems that sometimes one way does better than the other.

Dave
There is no set rules for this, I just reverse GC & UC always, and sometimes if I forgot then I just let it be. Look at the example posted:

look at the reversed GC & UC they are even spoiling the party while EURCHF that we all regard as useless in the basket is almost leading and I have noticed this from the beginning of this year, that EChf no longer get hooked at -4 even GJ is lagging in profit today.

The point is if I had not reversed today I would have had more profit, and sometimes reversing would pay very well so at any rate I just reverse. stephenoye is correct, you will always have enough.


kos
Attached Image (click to enlarge)
Click to Enlarge Name: fight&run.jpg Size: 118 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #3,005
  • Jan 21, 2013 3:31am Jan 21, 2013 3:31am
from the above posted picture, price got to the line and am not BE yet, so I bailed with $120, he who fights and run away they say...

And for those who say resistance does not work in offline chart should see how price got to that line and fold back up, even if it will break it later

I will wait for the next trick that price wants to play, more down I re-enter, bounce up H4 then up we go again

I hope this has enlightened someone


kos
Attached Image (click to enlarge)
Click to Enlarge Name: seewhatamsaying.jpg Size: 72 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #3,006
  • Jan 21, 2013 3:40am Jan 21, 2013 3:40am
Quoting oceanic
Thanks boss, I'll give it a try .
bros I no be your boss o.
we are all just learning from each other and trying to eke out a living.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,007
  • Jan 21, 2013 3:48am Jan 21, 2013 3:48am
Quoting stephenoye
To all newbies and oldies actually,

I was compiling a little setup/how to/faq guide for kos's approval to post.
However, thinking of it, I think it's actually a good exercise reading the lot - teaches PATIENCE. (abi kos?)
someone took up the task at the begining but what he did was not up to what I expected and he said I should tell him what to do, but I dont know what to tell him, so it never got posted.

If you have a good PDF of the summary of the important contributions to the thread, attach it to my email, and I will put it at the first post of the thread with other tools we use here and acknowledge it as your contribution with other contributors too acknowledged. But let me read it first if you dont mind.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,008
  • Jan 21, 2013 3:55am Jan 21, 2013 3:55am
Update My Demo Trade.

after one week, my demo add 8% to the account...

this actually after loosing 2 x 560pips, because I would like to know how far it move againts my position in demo acc..

I try to get confidence with my trading. now I have learn abit to add BE to my stop, and try trailing at around 25%, just in case it just retrace and goes to its track....

few times since friday I get plus minus few pips because of stopped by BE and trailing. at less I didnot get stopped completely at -560pip....

Thanks Kos...
I wish I could give you voucher KOS....
I just able to say thank you....

it is such beautiful strategy of BTS you have here... in fact, we do not need to add other Indicators... we can have few strategy as we go...

I will update again when I get a chance to post.


Ciao

Mick
  • #3,009
  • Jan 21, 2013 4:31am Jan 21, 2013 4:31am
Quoting Kosomolate
that works too, in fact, just put HAS 15min on H1 and exit as HAS 15min changes colour to the opposite off H1. but someone would say now that it gets you out prematurely.

In ranging time, the MTFStochastic is good to see when its hitting h4

kos
How do you change HAS from 15 to H1 or H2?

What values should I change and with what numebrs?
  • #3,010
  • Jan 21, 2013 4:42am Jan 21, 2013 4:42am
Quoting MPP
So how and when do you exit?

with this system getting the trade into a profitable position is almost a forgone conclusion, but leaving that trade with profit is down to how you manage it, even coin flip systems can work if you manage the trade correctly - what most will suffer with is the need to exit when in profit, too early and you miss the bulk of the move, to late and you give too much back, or they second guess and predict the market, hold past the wrong point and give it all back. or worst still they hold a bad position because they know...
Hi MPP,
Sorry I been away. The point I was trying to make which seems was misunderstood by some is that as long as our entry is a good one ie, with the trend, on a push and has some follow through then the exits are easy because you can afford to give some pips back and still end up with good profit which is what we all are trying to accomplish isn't it?

What I see going on alot here is that people are trading what is a great system using a 5 and 15 minute timeframe and wondering why exits are so hard. Yes, trading 5m and 15m will get you in more trades (instant gratification mentality) but people... you can not trade the 5 and 15m tf's and have room for a decent exit. Yes it will work for you sometimes but more than not you will lose all you gained when in the chop.

So my basic simplistic kiss method is this which I already somewhat alluded to earlier in this thread. You trade at least the 1hr chart, for me it's always 4hr. You watch for a decent setup (any that will work on the 5 or 15 or any other timeframe will also work on the 4hr, D1 or any other timeframe, just use your normal setups and move to a higher timeframe.

Now what happens is this: You don't get to trade everyday or even every week sometimes but when you do you get a very nice move which gives you lot of pips and then you can use s/r levels, pivots and or fibs to plan your exit maximizing your profit very nicely. Again, you can't really do this well on the lower timeframes because there just is not enough projected upside to make it work. I hope this helps a little.

TraderJoe
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #3,011
  • Jan 21, 2013 4:50am Jan 21, 2013 4:50am
Quoting Kosomolate

I disagree on the point that its not so hard. It may be easy for you because you have acquired that experience with long time studying the charts. Where the difficulty comes in is that; The BULLS know when its over and to fold it up, The BEARS know where to draw the line but The PIGS want to pick the tops and bottom and in doing that they get SLAUGHTERED (greed)
True but what I meant is that if a trader has trouble with their exits then it means either their entries are not well thought out or the trader is just too inexperienced period. As I already explained more clearly above, if the entry is well though out and on a decent timeframe (ie 5m (and 15m for most) is not decent for this type of trading), exits are really easy... honest.

Am enjoying the thread kos,
TraderJoe
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #3,012
  • Jan 21, 2013 5:10am Jan 21, 2013 5:10am
Quoting Kosomolate
someone took up the task at the begining but what he did was not up to what I expected and he said I should tell him what to do, but I dont know what to tell him, so it never got posted.

If you have a good PDF of the summary of the important contributions to the thread, attach it to my email, and I will put it at the first post of the thread with other tools we use here and acknowledge it as your contribution with other contributors too acknowledged. But let me read it first if you dont mind.

kos
It's all a rough log at the moment but as you think it might benefit I'll complete it and mail it to you.
Psalms 82:6: Forex Must Bow!
  • #3,013
  • Jan 21, 2013 5:41am Jan 21, 2013 5:41am
Anyone else see what I see?
Attached Image (click to enlarge)
Click to Enlarge Name: core5_long.gif Size: 14 KB
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #3,014
  • Jan 21, 2013 6:07am Jan 21, 2013 6:07am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting TraderJoe
Hi MPP,
Sorry I been away. The point I was trying to make which seems was misunderstood by some is that as long as our entry is a good one ie, with the trend, on a push and has some follow through then the exits are easy because you can afford to give some pips back and still end up with good profit which is what we all are trying to accomplish isn't it?

What I see going on alot here is that people are trading what is a great system using a 5 and 15 minute timeframe and wondering why exits are so hard. Yes, trading 5m and 15m will get you in...
Hi TraderJoe
I think we can agree on all of the above, I trade 1h, 4h and D1 - 4h being my favorite.

It's not always easy to pick the correct entry that will have the push and momentum to yield the pips we hunt, which is why I feel that knowing when to get out is so important, using the same process to max the profit is also the same way to reduce the loses. we seem to do the same thing only view it from different sides.

I think if people trade anything less than 1h (exception to the rule is the re-entry method of KOS) as the main trade setup, they should seek to exit at targets and treat it like a scalping system - in my view stick to the 1h rules and drop anything lower, take the pips and enjoy the free time.

MPP
  • #3,015
  • Jan 21, 2013 6:31am Jan 21, 2013 6:31am
Quoting MPP
Hi TraderJoe
I think we can agree on all of the above, I trade 1h, 4h and D1 - 4h being my favorite.

It's not always easy to pick the correct entry that will have the push and momentum to yield the pips we hunt, which is why I feel that knowing when to get out is so important, using the same process to max the profit is also the same way to reduce the loses. we seem to do the same thing only view it from different sides.

I think if people trade anything less than 1h (exception to the rule is the re-entry method of KOS) as the main trade setup,...
Hi MPP,
hehehe.... you've hit on something important here. "its not always easy to pick the correct entry that will have the push and momentum to yield ... "

But I say, Yes it is! What is not easy is to be diciplined enough to wait for the those "good ones".
haha If I had all the pips I lost because I simply didn't have the patience to to wait and stay out of the market until a decent setup came along. But hey... that's just me I suppose. I'm sure no one else has those similar issues, waiting for the right setups, right? lol

I stand by my statement, "Nothing's more important than a good entry, nothing." Without a good entry the rest really doesn't matter. Possibly highspeed scalping aside, in any normal style of trading you will simply lose in the long run without a decent entry and good upside potential.

TraderJoe
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #3,016
  • Jan 21, 2013 8:31am Jan 21, 2013 8:31am
core 5 is in sell mode below 97 and a hit to 83 looks likely . ej open and high same today does not bode well for the week.
  • #3,017
  • Jan 21, 2013 11:38am Jan 21, 2013 11:38am
Quoting unimak
core 5 is in sell mode below 97 and a hit to 83 looks likely . ej open and high same today does not bode well for the week.
my c-5 of H1 is sell but it is too close to H4 HAS, that doesn't mean you can take it, you can scalp it from 15min
I have taken 120 from that today.

See the posted picture, am waiting for H4 HAS to turn red and I will short it with all my muscles


kos
Attached Image (click to enlarge)
Click to Enlarge Name: c5 h1.jpg Size: 71 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #3,018
  • Jan 21, 2013 1:21pm Jan 21, 2013 1:21pm
Quoting Kosomolate
my c-5 of H1 is sell but it is too close to H4 HAS, that doesn't mean you can take it, you can scalp it from 15min
I have taken 120 from that today.

See the posted picture, am waiting for H4 HAS to turn red and I will short it with all my muscles


kos
Mind sharing how you put the 4H HAS onto the 1H timeframe?

Thanks in advance.

LP
  • #3,019
  • Jan 21, 2013 1:24pm Jan 21, 2013 1:24pm
the config is 2,55,2,55
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #3,020
  • Jan 21, 2013 1:31pm Jan 21, 2013 1:31pm
Quoting tnavi
the config is 2,55,2,55
Thanks so much, by any chance you know the setting for daily and weekly ?

Thanks a bunch.

LP
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