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Still Basketting

  • #3,821
  • Apr 24, 2013 6:07am Apr 24, 2013 6:07am
Hi Petrakis

That happened in basket14 also and I was watching that candle falling and going back.

FxOptimu$
  • #3,822
  • Apr 24, 2013 6:12am Apr 24, 2013 6:12am
Thank you Fx


Quoting Fx-optimus
Hi Petrakis That happened in basket14 also and I was watching that candle falling and going back. FxOptimu$
"The fear of loss is a path to the Dark Side." >> Yoda
  • #3,823
  • Apr 24, 2013 9:39am Apr 24, 2013 9:39am
Stupid situation in15 min chart
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #3,824
  • Apr 24, 2013 2:00pm Apr 24, 2013 2:00pm
Guys, enter long again! xD
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #3,825
  • Apr 24, 2013 8:32pm Apr 24, 2013 8:32pm
Quoting tnavi
Guys, enter long again! xD
Thanks TNAVI

Regards

Larfa
  • #3,826
  • Apr 24, 2013 10:13pm Apr 24, 2013 10:13pm
yesterday, i was with a client in my job (im lawyer) when this stupid two candles appeared.

was a time of chaos xD

but get control of the situation

now we are floating +300 points...

how many people is with me?? xDD

http://i33.tinypic.com/mjv7di.jpg

u´re welcome, larfa....
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #3,827
  • Apr 24, 2013 11:50pm Apr 24, 2013 11:50pm
Hi All basketers,

Very important observation. I made buy entry on Monday at candle shown by vertical line around 187.0. As you all know the market moved down hitting my full stop loss. However, in one of the accounts I removed the stop loss to see what happens if the market returns to move up again. When the market moved down from 187.0 to 177.50 the total pips loss was -1500 pips. Later when the market moved up from 177.5 to 187.0 the total pips loss was showing -900 pips. At the moment the market crossed 187.0 and moved further up to 193.0. The total pips loss now is around -600 pips. Even though the market retraced back to the original level the losses not covered back unlike any individual pairs. The losses may not get covered even if the market moves over and above the entry level.

Rule : When ever basket orders hitting stop loss at -560 pips we should not hold on to the trades with heavy draw down hopping that the losses can be recovered once the market retraces back. We could lose the account in the process.

Fx...$
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  • #3,828
  • Apr 25, 2013 1:02am Apr 25, 2013 1:02am
Quoting Fx-optimus
Hi All basketers, Very important observation. I made buy entry on Monday at candle shown by vertical line around 187.0. As you all know the market moved down hitting my full stop loss. However, in one of the accounts I removed the stop loss to see what happens if the market returns to move up again. When the market moved down from 187.0 to 177.50 the total pips loss was -1500 pips. Later when the market moved up from 177.5 to 187.0 the total pips loss was showing -900 pips. At the moment the market crossed 187.0 and moved further up to 193.0. The...
Hi optimus!

that's a very good observation. in fact, I commend your effort,

I have waited for this question since the beginning of the thread
and now that you raise it. This is a good opportunity to clear it.

1. I have faced that situation twice during BOJ intervention so I am very sure of what I am saying.

2. if the indi you trust changes position, pls change your position without thinking twice.
Don't be tempted to even hedge the position because that is a bigger crime.
keep your analysis aside and flow with the trend.

3. that is the reason why I use the bot. I have fallen into that temptation of holding to bad trades,
and the account suffered for long time. bots don't have emotions, they obey instructions to the last letter.

4. to know why losses wont get covered, you have to go back to the IA experience,
many pairs would continue the direction or may not turn when others are turning back

trade well


kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #3,829
  • Apr 25, 2013 1:05am Apr 25, 2013 1:05am
Quoting tnavi
yesterday, i was with a client in my job (im lawyer) when this stupid two candles appeared. was a time of chaos xD but get control of the situation now we are floating +300 points... how many people is with me?? xDD {image} u´re welcome, larfa....
yes those two bars just went down stopped me out and return back up
for a new entry which am still keeping now. those are the shocks that are built into the charts
and we need to prepare for them

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,830
  • Apr 25, 2013 1:23am Apr 25, 2013 1:23am
Thanks Ko in all humility,

I observed this phenomina couple of times before and never took it seriously. But this time around I allowed the trades to go on to find this out. With this I think the basket can best be traded in M15 chart. Can you tell me why not M30 chart? If so what should be the HAS settings.

Fx...$
  • #3,831
  • Apr 25, 2013 2:27am Apr 25, 2013 2:27am
This is what I think,
I may be very wrong and am not biased to short
but if it comes I take it confidently.
and I will only watch my long basket like a hawk

That is 4HR TF a very powerful TF I like it being with
my trades whether 15 or 60 min TFs


kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #3,832
  • Apr 25, 2013 2:41am Apr 25, 2013 2:41am
This is the H1 version.
If you cross check with 15min you will notice that
all the shorts on its way to the up trend line failed.

its dropping fast as I type this post, its like its been rejected from up

I will wait for my indicator to say yes its going down


kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #3,833
  • Apr 25, 2013 2:48am Apr 25, 2013 2:48am
Im out and preparing my possible short
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #3,834
  • Apr 25, 2013 3:36am Apr 25, 2013 3:36am
Long again jajaja
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #3,835
  • Apr 25, 2013 7:17am Apr 25, 2013 7:17am
Latest long trade got taken out at my trailing stop (1%) while I was asleep! It then proceeded to run straight up. I need to train myself to quit sleeping so I can get back in on those bastards!!
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  • #3,836
  • Apr 25, 2013 9:51am Apr 25, 2013 9:51am
Quoting Kosomolate
{quote} Hi optimus! that's a very good observation. in fact, I commend your effort, I have waited for this question since the beginning of the thread and now that you raise it. This is a good opportunity to clear it. 1. I have faced that situation twice during BOJ intervention so I am very sure of what I am saying. 2. if the indi you trust changes position, pls change your position without thinking twice. Don't be tempted to even hedge the position because that is a bigger crime. keep your analysis aside and flow with the trend. 3. that is the reason...
Hey Kos, are you back to using M15 entries with a HAS change or are you still using H1? I like the m15 myself, especially with H1 and H4 in agreement.
  • #3,837
  • Apr 25, 2013 10:00am Apr 25, 2013 10:00am
fantastic result for this month.

look the image, please.

http://i35.tinypic.com/65ra0y.jpg

i hope not mistaken!

i love do "some scalping" with 15 min chart..but with 1h, we have better results.... and without stress!

xDD
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #3,838
  • Apr 25, 2013 11:12am Apr 25, 2013 11:12am
Hi tnavi

That was an awesome performance. I appreciate that.

Fx...$
  • #3,839
  • Apr 25, 2013 11:29am Apr 25, 2013 11:29am
Tnavi,

Do you exit when PA touches the closer side of the cloud or do you exit when it closes the other side of it?

Just asking, because you have a variety of exits on your chart.

Regards,
Peter
  • #3,840
  • Apr 25, 2013 11:53am Apr 25, 2013 11:53am
Peter, to exit i wait to candle close touching the cloud.

I enter long when candle close above the cloud and vice versa.

Its very important to wait that the candle close!!!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
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