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Still Basketting

  • #3,141
  • Jan 25, 2013 10:06am Jan 25, 2013 10:06am
Quoting Pippopotamus
IMHO, most attractive feature of basket trading is not having to worry about pair specific ECO news ruining a position in just a few minutes. Tranquility factor is enormous!!!!! Anyway, will be closing up shop early today. Could be wrong, but not expecting much more movement to the upside. Had resolved to exit at 157.81, top Fib level, but held on... grasping is always wrong.
that is what kept me glued to BTS, single pairs news does not easily turn things sour, and you are only looking at one chart
which with time you become one with its flow.

I just closed shop too, whatever happens its reassuring to know that I can join the train on Monday

I see you took 788 pip or 85 USD from the LONG, as an old timer I assume that is collectable money, am I right?

Pippo have a nice weekend!


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,142
  • Jan 25, 2013 10:08am Jan 25, 2013 10:08am
Quoting Pippopotamus
Kos, thanks for bringing this great approach to my attention!!!!!! I scored about 850 pips this week with one Short(B/E), and one Long.
you just made my week

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,143
  • Jan 25, 2013 10:11am Jan 25, 2013 10:11am
Quoting stephenoye
Closed shop for the weekend.
Have a good weekend guys.
Lots of studying to do.

Many thanks to kos for a fab system!
thanks for thanking me bro

Enjoy your weekend

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,144
  • Edited Jan 26, 2013 7:58am Jan 25, 2013 10:14am | Edited Jan 26, 2013 7:58am
Quoting Kosomolate
that is what kept me glued to BTS, single pairs news does not easily turn things sour, and you are only looking at one chart
which with time you become one with its flow.

I just closed shop too, whatever happens its reassuring to know that I can join the train on Monday

I see you took 788 pip or 85 USD from the LONG, as an old timer I assume that is collectable money, am I right?

Pippo have a nice weekend!


kos
Kos, yes, about 800 pips(B/E Short was actually pos. 20-30 pips... Can't remember). Currently still on Demo, but will begin live in a week or two... I have eliminated Chf pairs, and E/G from my basket, but signals still based on 14 pair basket...
Vincit qui se vincit.
  • #3,145
  • Edited 11:03am Jan 25, 2013 10:17am | Edited 11:03am
Kos
I am totally aware of the 40 pips per pair for SL

You could tell me as you trade both 14 and the 5

On a HAS run on a 1HR chart do you get about the same number of pips or is it about 1/3
as 5/14 is 36%

For example There was a HAS sell from 1-21-2013 to 1-24-2013

How many pips did 14 give you, and how many pips did C5 give you?

If it is close - maybe a person should consider the SL for core 5 to be raise

Like I stated "just thinking out loud"
  • #3,146
  • Jan 25, 2013 10:31am Jan 25, 2013 10:31am
My score from the last long was 400 pips/ 45 $ (on 200 $ acc, which is extremely good)

Have a nice weekend to all of you guys.


P.
"The fear of loss is a path to the Dark Side." >> Yoda
  • #3,147
  • Edited 12:03pm Jan 25, 2013 11:45am | Edited 12:03pm
Quoting Kosomolate
You are doing something else, not basketting, the 14 pairs and c5 were carefully selected, anything else is something else

kos

To me basketting is not limited to just one basket inventory. Trading a yen basket is also basketing.
BTW that yen basket increased my account about 20% and was the most profitable real money basket I have taken so far.

To me it makes sense if one pair moving more than any other pair, why not basket that primary pair (which includes several other currencies) and leave the losing part of the basket aside. Maybe I'll call that basketting the winner basketting... lol I added the gbp part of the basket as a test to the yen. gbp basket almost stood still while the yen basket increased dramatically.

TJ

Give a man a fish, feed him today... teach a man to fish, feed him for a lifetime right?
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #3,148
  • Jan 25, 2013 12:19pm Jan 25, 2013 12:19pm
Hi, I've been reading this thread for about a month now and started demo trading this system this week. I must say that this system is very impressive. I'm using M15 timeframe 14 pairs in a sort of scalping way. Enter and exit trades when I can. Watching the chart and studying currency behaviors became quite easy since there is only 1 chart to look at. This week I gained 1458.20 pips total which I have never achieved since I started learning forex a year ago. Thank you for sharing this great system and I hope everyone reading this thread will gain more knowledge as I have.

Btw, I will not be posting charts and stuff since I have modified the HAS periods to suit my needs and added a few indicators that I feel more comfortable having.
  • #3,149
  • Jan 25, 2013 12:30pm Jan 25, 2013 12:30pm
Core 5 is half of the optimized basket (12-2). If you want an equal output of 12-2 Basket then you have to trade the Core 5 double in lot size. Normally when i trade the 12-2 basket i almost double the recommended SL to 1000 consequently if i am Core 5 double lot then my SL is 1000.



Quoting dryclean
Kos
I am totally aware of the 40 pips per pair for SL

You could tell me as you trade both 14 and the 5

On a HAS run on a 1HR chart do you get about the same number of pips or is it about 1/3
as 5/14 is 36%

For example There was a HAS sell from 1-21-2013 to 1-24-2013

How many pips did 14 give you, and how many pips did C5 give you?

If it is close - maybe a person should consider the SL for core 5 to be raise

Like I stated "just thinking out loud"
  • #3,150
  • Jan 25, 2013 12:40pm Jan 25, 2013 12:40pm
Yes, you are right TJ! T101 introduces not only the traditional basket but also the Yen basket, the USD basket and even the combination of the two baskets. This was fully explain by T101 in his seminar in Kuala Lumpur a few years ago. He even explained how to treat the Yen and the USD when they are opposing each other and how to take advantage of such.

The selection of the 14 pairs was for the purpose of knowing where the trend goes. After knowing the trend then the rest if up to the basketter what is his preferential basket to trade.

Hell, you can even trade only the GJ or EJ 14 times if you prefer. However there is risk of not making it even if your GJ or EJ trade is on the trend because there is no equalizing factor in other pairs.



Quoting TraderJoe
To me basketting is not limited to just one basket inventory. Trading a yen basket is also basketing.
BTW that yen basket increased my account about 20% and was the most profitable real money basket I have taken so far.

To me it makes sense if one pair moving more than any other pair, why not basket that primary pair (which includes several other currencies) and leave the losing part of the basket aside. Maybe I'll call that basketting the winner basketting... lol I added the gbp part of the basket as a test to the yen. gbp basket almost...
  • #3,151
  • Edited 2:53pm Jan 25, 2013 1:07pm | Edited 2:53pm
Quoting TraderJoe
To me basketting is not limited to just one basket inventory. Trading a yen basket is also basketing.
BTW that yen basket increased my account about 20% and was the most profitable real money basket I have taken so far.

To me it makes sense if one pair moving more than any other pair, why not basket that primary pair (which includes several other currencies) and leave the losing part of the basket aside. Maybe I'll call that basketting the winner basketting... lol I added the gbp part of the basket as a test to the yen. gbp basket almost stood...
That's using a different meaning of basket (as used perhaps in the Nanningbob system).

The whole point of the original Trader101 14 pairs was the balance i.e. the hedge. If you examine the 7 buy and 7 sell pairs you'll find that each of the currencies involved appeared an equal number of times on the buy as they did on the sell side. There is an elegance to that combination that serves a useful purpose.

While you may have had success with the Yen "basket" in this particular instance it was a higher risk trade because of the lack of any hedging.
  • #3,152
  • Jan 25, 2013 6:59pm Jan 25, 2013 6:59pm
Quoting WideEyed
That's using a different meaning of basket (as used perhaps in the Nanningbob system).

The whole point of the original Trader101 14 pairs was the balance i.e. the hedge. If you examine the 7 buy and 7 sell pairs you'll find that each of the currencies involved appeared an equal number of times on the buy as they did on the sell side. There is an elegance to that combination that serves a useful purpose.

While you may have had success with the Yen "basket" in this particular instance it was a higher risk trade because of the lack of any hedging....
Hi WideEyed, I completely understand the T101 system but thanks for that explaination anyway.
Though I must beg to differ with you regarding your assessment in that the Yen basket is just as hedged as a full basket. For instance if you were to be wrong on the full basket even if it is the Kos basket you will loose your tushie as bad or worse than if you take a yen basket and was wrong. Besides a yen basket is only 6 pairs while the full is 14 so it even makes sense from a spread/comission point of view.

The whole point of taking any basket is to be right, correct? What if one of the currencies is moving and all the others are standing still? Do you have to stand aside just because you want to trade a full basket? I say not. This is why Julius the originator of this system (all cudos to him) further explained a little by Dkny above (thank you Dkny) introduced the Yen and USD baskets + tandem trading and even pair trading.

All this can all be incorporated using KOS's fine offline system if one wishes. It's simply taking Kos's system and optimizing the basket (or trade) according to the current market, and if you have the understanding to do it I see no problem trading it this way.

On the other hand if you're a newbie or still have a lack in market savy then stick with the basic Kos system and you'll win some... lose some... but in the end you should come out ahead if you stick with it. Either way works for me.

TraderJoe
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #3,153
  • Jan 25, 2013 7:03pm Jan 25, 2013 7:03pm
Quoting TraderJoe
To me basketting is not limited to just one basket inventory. Trading a yen basket is also basketing.
BTW that yen basket increased my account about 20% and was the most profitable real money basket I have taken so far.

To me it makes sense if one pair moving more than any other pair, why not basket that primary pair (which includes several other currencies) and leave the losing part of the basket aside. Maybe I'll call that basketting the winner basketting... lol I added the gbp part of the basket as a test to the yen. gbp basket almost stood...
I think the point kos was trying to make was that your trade did not follow what is being taught here and as such is off topic.
Indeed, Julius traded different baskets but putting that all in here will just pad out an already cluttered thread.
Psalms 82:6: Forex Must Bow!
  • #3,154
  • Edited Jan 27, 2013 9:32am Jan 26, 2013 9:46am | Edited Jan 27, 2013 9:32am
What I am thinking about the current price level of basket, a level not seen since April of 2010...Not recommending anything, just how I will be playing it. 1) If price makes a new High before signal to reverse is given, will enter Long at 1/3 standard position size and will add to position as trade develops/allows. 2) If a signal to Sell is given before price makes new High, upon reversal of Short, position sizes back to Long will be based on extent of retracement from 0.0 Fib level. So, in the case of a Short that reverses back to Long between 23.6, and 38.2 Fib levels, Long position size will be 2/3 standard position size, not yet full position. Hope some will find this food for thought...
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Vincit qui se vincit.
  • #3,155
  • Jan 26, 2013 12:39pm Jan 26, 2013 12:39pm
Traderjoe,
Your style and approach is quite nice too. I mean the yen and pound basket. Start a new thread and we'll pop in to share your thoughts with you. This way, we keep creating different winning options for traders.
Cheers.

Quoting TraderJoe
Hi WideEyed, I completely understand the T101 system but thanks for that explaination anyway.
Though I must beg to differ with you regarding your assessment in that the Yen basket is just as hedged as a full basket. For instance if you were to be wrong on the full basket even if it is the Kos basket you will loose your tushie as bad or worse than if you take a yen basket and was wrong. Besides a yen basket is only 6 pairs while the full is 14 so it even makes sense from a spread/comission point of view.

The whole point of taking any basket...
  • #3,156
  • Jan 26, 2013 1:43pm Jan 26, 2013 1:43pm
Quoting TraderJoe
Hi WideEyed, I completely understand the T101 system but thanks for that explaination anyway.
Though I must beg to differ with you regarding your assessment in that the Yen basket is just as hedged as a full basket. For instance if you were to be wrong on the full basket even if it is the Kos basket you will loose your tushie as bad or worse than if you take a yen basket and was wrong. Besides a yen basket is only 6 pairs while the full is 14 so it even makes sense from a spread/comission point of view.

The whole point of taking any basket...
Hello,

What made you sell GBP and Yen rather than to buy?

Thanks!
  • #3,157
  • Jan 26, 2013 10:20pm Jan 26, 2013 10:20pm
Quoting stephenoye
I think the point kos was trying to make was that your trade did not follow what is being taught here and as such is off topic.
Indeed, Julius traded different baskets but putting that all in here will just pad out an already cluttered thread.

So explain the core 5 then. It was not part of this system either until someone suggested that Julius was teaching it. Well he's also teaching the yen and usd baskets.

Sorry I mentioned it! I'll not mention anything else I discover that makes money here ok.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #3,158
  • Edited 10:43pm Jan 26, 2013 10:22pm | Edited 10:43pm
Quoting bishopdotun
Traderjoe,
Your style and approach is quite nice too. I mean the yen and pound basket. Start a new thread and we'll pop in to share your thoughts with you. This way, we keep creating different winning options for traders.
Cheers.
1st, it's not my style and approach, it belongs to Julius the real inventor of the basket systems. He knows more than anyone about how to make money and he has not even shared half of what he knows because of the same kind of disrespectful bologna in all these threads. People can't just be nice and learn something without getting the ego all bruised...

I appreciate the offer but no thanks, I don't need hassle and neither does my ego... I was willing to share here because I thought I was invited to but I guess things changed... again...


You know, I simply take people litterally for their word expecially when they invite me to share things that I have learned through the years. I just don't understand the turn-around when I start to comply, it's like they're afraid they might learn something in public from someone.

Case in point post# 2,538 by Kos:
"its great you love it. I must confess that you are the oldest member of FF I have seen, member since 2004?
we would like you to share your trading experience here especially on basket trading

But don't worry I will now take a back seat to all you younger whipper-snappers that are making money hand-and-fist and find another place to join up with.

Best of luck to all of you,
TraderJoe

P.S. Anyone know where the adult lounge is around here?
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #3,159
  • Jan 27, 2013 8:09am Jan 27, 2013 8:09am
Quoting TraderJoe
So explain the core 5 then. It was not part of this system either until someone suggested that Julius was teaching it. Well he's also teaching the yen and usd baskets.

Sorry I mentioned it! I'll not mention anything else I discover that makes money here ok.
kos: in case you have forgotten DKNY already gave us the cream and core of BTS, so what you are saying is not novel as follows:

Thanks Kos for the privileged. Let me start by sharing with the evolution of this system as some earlier posters are trying to shift this thread to again a never ending indicator development. Here it is:

The Evolution of Basket Trading System by Trader 101

I prepared this history of BTS in order for those new in basket trading to have an idea how this trading system come into and also to avoid those that seems to be bringing this system backward for lack of history knowledge.

I am also optimistic that after reading this, traders with indicator adrenaline will channel it to move forward to perfection of this system rather than dwelling and questioning the past. This basket entries are arranged according to their appearance in FF forum.

1)Jumping pairs – this is the very first strategy that T-101 introduced in FF since this strat only deals on a couple of pairs. We know that a regular trader at that time deals only on this kind of trading. This strat trade those two pairs that jump over the boundary of the IA.

2)14 Pair Basket - this strat trade all 14 pairs in the IA in one direction. It started with a Original Basket Pairs (with UCad) then eventually replaced by the Universal pairs since not all brokers have the complete 14 pairs for the Original Pairs but most brokers have the Universal pairs. All indicators and and EA were mostly developed on this basis of pairs.

3)Optimized basket – this strat trades the 14 pairs however the two (2) pairs UC and EG are reversed. This was implemented after a year of collected data shows an additional of 30% more profit compare to the Universal or Original pairs. T101 traders call this the 12-2 basket.

4)11 pair basket – this strat was being used BTS traders also. This is the trading of 6 pairs Yen pairs and 5 Dollar pairs. This strat is usually used by them when they notice that the Yen and Dollar are heavily synchronized.

5)Dollar basket – this is also being used by BTs traders. This the trading of the 5 Dollar (excluding UJ) pairs in one direction.

6)Yen basket – this is the trading of 6 Yen pairs.

7)Core 5 basket – after further simplification of the 12-2 basket, T101 notice that he can trade the 12-2 basket by just trading 5 pairs. He called this the essence of the Basket trading. This is compose of 3 Yen pairs and 2 Dollar pairs. (NU, GU, EJ, AJ & GJ). Not only it’s easy to handle since it is only 5 pairs compare to 12 also it greatly reduces the spread requirement while having the same profit as the 12-2 basket.

As I understand T-101 is still using the Core 5 to date. However this Core 5 has different variations as I heard of late but I am not privy to such new information.

On the indicators, T-101 has some customized indicators that are personally made by him and they are all price action indicators.

EA, T-101 is not big on EA, the most EA he has is the entry EA, the close EA and the Protection EA.

On mentoring, I think he stopped already this mentoring as he mentioned “takes a lot of his time off trading”. The man like to trade than mentoring. However, there are a few I know that he mentors for free. If interested try your luck and e-mail him. If he replies, then you have chance. If not, don’t get sad, he does that all the time.

Next post I will research those videos that he develops himself for his trading block. Of course I always ask permission from the man before posting here. In fact, I have this post run by him before posting it here.

I am one of the greatest fan of Basket Trading System.

Joven
John 3:16 - From THIS love no power on earth can me sever.
  • #3,160
  • Jan 27, 2013 8:11am Jan 27, 2013 8:11am
Quoting TraderJoe
1st, it's not my style and approach, it belongs to Julius the real inventor of the basket systems. He knows more than anyone about how to make money and he has not even shared half of what he knows because of the same kind of disrespectful bologna in all these threads. People can't just be nice and learn something without getting the ego all bruised...

I appreciate the offer but no thanks, I don't need hassle and neither does my ego... I was willing to share here because I thought I was invited to but I guess things changed... again... ...
no one says you shouldn't share, its only that we should make things light for those coming.

jacquemate got an idea from here he opened his thread and he is doing well there

seller9 felt MTF is the way to go he opened a thread and doing an EA that will even encompass STF & MTF

GVC has another thread and yet he is an active participant here

its just a way of arranging things properly and making things easy for those coming tomorrow

nothing is wrong if we have separate thread for each of the basket variants


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