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Attachments: Still Basketting
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Still Basketting

  • #4,201
  • May 21, 2013 8:44pm May 21, 2013 8:44pm
Quoting Kosomolate
{quote} at +250 what are you waiting for just BE and the rest is easy. Breaking Even quickly will save you from heartache many times, I stated this from the beginning. BE is very crucial to this method of trading. Many of us count a trade that goes +500 and later end up in BE as loss but I see it as a winner or draw. I better BE and look for reentry than wait and be caught up in heavy DD hear this, it has saved me twice this week! kos
Yes Mr.Kos. I had BE earlier too. I also close the trades in profits on first instance. Just this order wnet -ve by the time I returned back after a shower. I am having problem with my mt4. None of the automated EAs working. Mr.GVC gave me the SL/TP ea. That also did not close my orders. So I just trade fully manual. I still believe in this tading system and also believe in myself. I will keep entering the market strictly as per BT rules. I hope things get better. I am aware that it's just that rare period the market is behaving unusually without trend. Thanks for your advise.

Fx...$
  • #4,202
  • May 21, 2013 11:14pm May 21, 2013 11:14pm
I 've put the ea combo XA onto the eurjyp chart , however the data doesn't seem to change ?

like the pips for eurgbp and the profit andalso the trend short and trend long


it only changes data if i change the time frame like from 15 minutes to 1 hour and the data changes ...

is this meant to be happening ?
Attached Image (click to enlarge)
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  • #4,203
  • May 22, 2013 12:37am May 22, 2013 12:37am
Basket traders are silently facing the music being played out. In this market condition better to keep away from entering and wait for clear direction. Taken enough losses. But, we can not stop entering because we really don't know which order is going to be a big move to cover the losses. It is a tricky situation out there. Let's wait for Kuroda's press conference at 6.30 GMT take the basket either up or down. Get ready with order scripts to go with japan.

Fx...$
  • #4,204
  • May 22, 2013 1:59am May 22, 2013 1:59am
Hi everybody,

I am new in trading forex with the basket system, just a bit more of 2 weeks trying it. The last weeks the big sharks are buying the USDJPY, that is why the basket is ranging so much lately. The USD pairs have been very week but the JPY pairs are a bit strong (not in the same way that the USD ones) and there is a continuous fight between them.

This is why I look only for 100-300 pips in each basket, checking at the same time the charts of the pairs that compound the basket, seeing what pairs move in the same direction of the basket and discarding the oders ones. For closing the basket I also check the charts and when I see an important change in the other direction, I close the basket.

Working in this way, I get less pips than usual, but in I safest way. When the USD and JPY pairs work in the same direction, I think we can leave the basket opened for longer time looking also for more pips.

I hope this can help, and sorry for my bad English.....
  • #4,205
  • May 22, 2013 3:44am May 22, 2013 3:44am
Hi friends!

Im very busy this week with my real job and i cant post my entries...but im playing!

Regards!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #4,206
  • May 22, 2013 4:03am May 22, 2013 4:03am
im following the classic rules of the cloud...

http://i39.tinypic.com/f3xl06.jpg
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #4,207
  • May 22, 2013 5:47am May 22, 2013 5:47am
Hello folks, I am following this thread about one month. Its inspired me to follow other threads such as TRADER101. Now I have a question about brokers. Which one of you are working on real account and what about spreads? Can you share your broker title?

Thank You in advance

By the way, THANK YOU for many informative posts.
  • #4,208
  • May 22, 2013 5:50am May 22, 2013 5:50am
this is a clean example of when we need to exit in a trade...

http://i40.tinypic.com/33f8hmr.jpg

now, we need pacience...
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #4,209
  • May 22, 2013 7:43am May 22, 2013 7:43am
patience watching your account will increase can be very hard!

LOOOOOL
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #4,210
  • May 22, 2013 7:56am May 22, 2013 7:56am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting GKarl
Hello folks, I am following this thread about one month. Its inspired me to follow other threads such as TRADER101. Now I have a question about brokers. Which one of you are working on real account and what about spreads? Can you share your broker title? Thank You in advance By the way, THANK YOU for many informative posts.
Brokers and spreads - thats a whole thread on it's own

so many options

I use FXCM, i like them, I trust them and have never had any issues with there service.

Spreads vary across brokers and are sometimes dependant on the account size or turnover, each will advertise great spread rates, but what you get is sometimes different for various market reason. many brokers such as FXCM offer accounts over USD$25k RAW feed which is about 0.5pips and then charge a commission,FXCM charge 0.7points over the RAW feed.

best to look at brokers in your country and make sure they are governed.
  • #4,211
  • May 22, 2013 8:50am May 22, 2013 8:50am
Floating +200 at this moment.

Secondly, im away from my pc and i cant upload an image but, if anybody want to see what is the trenline that i will use in this long, visit my twitter account.

Sorry but i cant do more
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #4,212
  • May 22, 2013 9:17am May 22, 2013 9:17am
Floating +450 points...this can be the big movement of the week
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #4,213
  • May 22, 2013 9:18am May 22, 2013 9:18am
The IA EA core5 basket is barely in profit after the spike
  • #4,214
  • May 22, 2013 10:10am May 22, 2013 10:10am
Quoting tnavi
Floating +450 points...this can be the big movement of the week
How is going now? Seems dropped down...
  • #4,215
  • May 22, 2013 11:32am May 22, 2013 11:32am
Looks like there was going to be a big movement, and suddenly it was just a spike.... Market seems to be ranging since the beginning of the month..
  • #4,216
  • May 22, 2013 1:56pm May 22, 2013 1:56pm
Seeing lots of complains from people i think the biggest problem lies on the trader itself trading requires patience and discipline wait for things to devolop jumping in and out cost you more. nr1 the spreads everytime nr2 lots of frustration.

But wtf do i know
  • #4,217
  • May 22, 2013 2:22pm May 22, 2013 2:22pm
Fire works. Japan monitory Policy statement and subsequent press conference made not much of movement in the basket. As soon as the Fed Chairman started his testimony the USD became weak and the basket moved up. After few minutes USD became strong and the basket moved down very fast. The six USD pairs made the basket move up and down. Later when the FOMC minutes released there was no change in USD. However JPY became strong (reason not known). The six JPY pairs pulled down the basket. Fundamentally the basket can not be traded. The basket is perfectly balanced between strong economies USD & JPY. Any strong move in any one of these currencies make the basket move. With as many pairs it is very difficult to trade the basket in such fire works. Any mistake would hit the stop loss in few minutes. We don't know which direction the basket is going to go. HAS indicator has limitations. HAS 2 3 2 4 setting with T101 EA is the best solution to trade such high volatility events. As decided I kept away from trading and watched the fire works intently through out. It is a good experience. Fundamentally the basket can not be traded. Technically HAS is the best to follow.

Fx...$
  • #4,218
  • May 22, 2013 2:37pm May 22, 2013 2:37pm
Why JPY is becoming strong? Fundamentally JPY is weak with their economic problems. In my opinion the Gold got sold due to USD becoming strong. Commodity currencies AUD & NZD are already weak. The next best option is to traditional safe heaven currency JPY. This may help to trade the basket better next few weeks.

Fx...$
  • #4,219
  • May 22, 2013 2:53pm May 22, 2013 2:53pm
Quoting Fx-optimus
... However JPY became strong (reason not known). The six JPY pairs pulled down the basket. Fundamentally the basket can not be traded. ...HAS 2 3 2 4 setting with T101 EA is the best solution to trade such high volatility events...Fundamentally the basket can not be traded. Technically HAS is the best to follow. Fx...$
Hi Fx? Allow me to congratulate you on the FANTASTIC work you've been doing here - Amazing really. Thx!

I just wanted to state here that I agree with you concerning the Forex "Techies" (Technical Analysis traders) having an edge here over the fundies. If you are both you will obviously have an advantage but for this current basket, it is my opinion that the HAS alone handled itself splendidly.

I mentioned above that "all that firework" may not break the HAS on the H4 (I hav the 2,9,2,12 HAS on my H4 CORE5 offline chart). On my H4 price was steady and has been for a while - in spite of all this whipsawing & whipsawing in recent times. This allowed me concentrate on the M15 without too much fear.

As I type, CORE5 is still headed down uninhibited. Most people shlould have BE'ed like KOS the Boss taught us. So whatever the market decides to do now is really NOT much of a concern to a smart trader because it basically ALL cream from here on out.

What I like to do is ALSO seek out CTTs (counter trend trades) which look to take price BACK to my H4 HAS. I do this UNTIL H4 HAS changes color or something DRASTIC happens to destabilize the market.

Just my 2pips. Thx again Fx, KOS the Boss, Tnavi, GVC, and a HOST of other too numerous to mention. You guys have made me an avid fx trader. Av been SOAKING up all that knowledge from the sidelines SINCE the onset of this thread.

Hope this helps som1.
My job: I speculate and manage risk.
  • #4,220
  • May 22, 2013 2:54pm May 22, 2013 2:54pm
Quoting Fx-optimus
Fire works. Japan monitory Policy statement and subsequent press conference made not much of movement in the basket. As soon as the Fed Chairman started his testimony the USD became weak and the basket moved up. After few minutes USD became strong and the basket moved down very fast. The six USD pairs made the basket move up and down. Later when the FOMC minutes released there was no change in USD. However JPY became strong (reason not known). The six JPY pairs pulled down the basket. Fundamentally the basket can not be traded. The basket is perfectly...
Hi FX-optimus I use Heiken_ASH_SmoothedLHm_mtf as it is, is the best , It goes same as VQzz2- Try it ,
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