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Still Basketting

  • #4,961
  • Jul 31, 2013 9:26am Jul 31, 2013 9:26am
1000 points are = 20% of my real account.

I have a long time yet to retire
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #4,962
  • Jul 31, 2013 10:22am Jul 31, 2013 10:22am
Nice Trades Baba Kos.

On them as well. Got a total 1600, very good for me as i'm a chronic lowtime frame addict

+100 floating already on the long, BE and half off.

My broker don dey send me nice nice messages.
Let your plan trade for you, not your emotion!!!
  • #4,963
  • Jul 31, 2013 10:40am Jul 31, 2013 10:40am
a lot of traders from Nigeria here!



are u all friends??

xDD
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #4,964
  • Jul 31, 2013 11:11am Jul 31, 2013 11:11am
@Tnavi

Not met anyone before physically, the thread is the meeting point, making pips is the agenda.

Have you tired to look at your mm, i know you have to be comfortable with your risk level, but your risk/reward has to be significant in achieving your overall goal.

Me personally, i use 3% per trade. i have conditioned myself to accept that as my risk which wont hurt me or change my perception even if i have 5 loosing trades consecutively. Trading is easy, making money is the hard part. Even if im trading single pairs and my stop loss is 5pips, i still use 3%. A 50pips movement, gives me 30% of my account. And with this method, + 50pips daily is more than achievable. This is just my own take, might not be suitable for you.
Let your plan trade for you, not your emotion!!!
  • #4,965
  • Jul 31, 2013 11:26am Jul 31, 2013 11:26am
ur style is very,very agressive!!

after i study a few months this method, i understood that i could won around 1000 points in a simple week.

this was amazing!

I do not think that risks both because with the EA and following ur rules, this method is very effective.
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #4,966
  • Jul 31, 2013 11:57am Jul 31, 2013 11:57am
Aggressive, so true.

I Use this excel sheet for my money management, might help you or any other person.

Cant recall the creators, they are acknowledged .
Attached File(s)
File Type: xls DDSMM-v1.4 - Copy.xls   725 KB | 398 downloads
Let your plan trade for you, not your emotion!!!
  • #4,967
  • Jul 31, 2013 2:16pm Jul 31, 2013 2:16pm
Quoting xremmy
Nice Trades Baba Kos. On them as well. Got a total 1600, very good for me as i'm a chronic lowtime frame addict +100 floating already on the long, BE and half off. My broker don dey send me nice nice messages.
Ol boy, no mind you broker! they no happy for you at all o as you dey collect thier money small small. I salute you my Brother. We go show them!!
Born to rule my Economic World and Make a Difference!
  • #4,968
  • Jul 31, 2013 9:59pm Jul 31, 2013 9:59pm
Quoting xremmy
@Tnavi Not met anyone before physically, the thread is the meeting point, making pips is the agenda. Have you tired to look at your mm, i know you have to be comfortable with your risk level, but your risk/reward has to be significant in achieving your overall goal. Me personally, i use 3% per trade. i have conditioned myself to accept that as my risk which wont hurt me or change my perception even if i have 5 loosing trades consecutively. Trading is easy, making money is the hard part. Even if im trading single pairs and my stop loss is 5pips,...
Hi xremmy,

Just trying to understand your MM here. If you are looking to get a 50 pip movement to give you 30% return, how many pips are your stop loss?

and if you don't mind telling, what time frame you trade in this method and what is your stop loss and reward?

Thanks.
  • #4,969
  • Aug 1, 2013 3:38am Aug 1, 2013 3:38am
getting set to go long.

it is counter H4 trend, so watch it closely if eventually it happens


kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #4,970
  • Aug 1, 2013 4:53am Aug 1, 2013 4:53am
Quoting gyfu
{quote} Hi xremmy, Just trying to understand your MM here. If you are looking to get a 50 pip movement to give you 30% return, how many pips are your stop loss? and if you don't mind telling, what time frame you trade in this method and what is your stop loss and reward? Thanks.
Hi Gyfu,

The 50 pip movement was an example if trading a single pair and using a 5 pip stoploss, just to show the significance of your risk amount.

With Basketing, i'm on 1min time frame, sometimes, 5min.

My spread on core 5 is between 6-8 pips.( i use armada markets classic account).My stop is usually between 20 and 30 pips. So i get my 30 % with 200-300pips movement.

Sorry if there was a mixup there, 50 pips movement was an illustration for a single pair,

Trade Safe.
Let your plan trade for you, not your emotion!!!
  • #4,971
  • Aug 1, 2013 5:27am Aug 1, 2013 5:27am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Kosomolate
getting set to go long. it is counter H4 trend, so watch it closely if eventually it happens kos {image}
Good potential, about 800pips to the 4H HAS, bounce of the recent lows which can be seen in both the 4h and daily charts. could be the break long if you look at the daily charts, good short, bounce of the lows to a 50%fib, retest and fail of the lows again.

The trade (if your not already long) should easily make it to break even, give it space and watch the test of the 4h HAS, weekly charts are still stuck in the 8 week range - something has got to give soon.

MPP
  • #4,972
  • Aug 1, 2013 5:40am Aug 1, 2013 5:40am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting tnavi
1000 points are = 20% of my real account. I have a long time yet to retire
As you become confident with your system you can start to compound the trades. you've set you risk per trade and trade the same lot size, slow way to make money - by compounding you can rapidly increase your profit, the safer way to do this is to use the profit of trades earlier in the week or the previous week to increase the lot size at the end of the week or the next week.

normal trade is say 0.01lots with a 560pip stop loss
Last week you earned 800pips
Next trade you enter is 0.02lots, twice the size of the trade, double the potential profit, if you lose, you have only lost the 560pips from the normal trade and part of last weeks profit.
so basically you're rsisking your standard trade + 1 weeks profit. So if your 1 weeks profit is 1500pips, you could trade 0.03 lots on the next trade - still only 1 trade risk + 1 weeks profit

then when your account reaches your next level for increasing the lot size (this is your decision) your standard lot size becomes 0.02 lots and the process continues

no other rules change and this only for when you are 100% confident in the system and truely understand the risk, understand sometimes you will lose - try it on demo along side your normal trading platform.

Best of pips

MPP
  • #4,973
  • Aug 1, 2013 6:17am Aug 1, 2013 6:17am
mpp, thanks for ur words.

i work in similar form with my money...but when i arrive to 100% of my account.

an example:

if i start with 1k euros and if i work with 0.01 lots for pair, when i arrived to 2k euros, i modify the EA to start with 0.02 lots per trade.

i prefer to do when i arrive to 100% of the account.

since i started with my humble blog, +140% of my beginning account.



regards!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #4,974
  • Aug 1, 2013 6:39am Aug 1, 2013 6:39am
Quoting MPP
{quote} Good potential, about 800pips to the 4H HAS, bounce of the recent lows which can be seen in both the 4h and daily charts. could be the break long if you look at the daily charts, good short, bounce of the lows to a 50%fib, retest and fail of the lows again. The trade (if your not already long) should easily make it to break even, give it space and watch the test of the 4h HAS, weekly charts are still stuck in the 8 week range - something has got to give soon. MPP
long time MPP, how are you doing??


this is my projection for the long, its exactly as you saw it.


kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #4,975
  • Aug 1, 2013 6:41am Aug 1, 2013 6:41am
Quoting tnavi
a lot of traders from Nigeria here! are u all friends?? xDD
we just happened to be attracted to ourselves, here on the thread, I have never met any of them before.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #4,976
  • Aug 1, 2013 7:32am Aug 1, 2013 7:32am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Kosomolate
{quote} long time MPP, how are you doing?? {image}
Hi Kos
Doing fine now - had a crazy run recently though. started with the MT4 update to build 500, then 507 and then 509 - shut most of my indicators down. I'm not much of a coder, but the glitches in build 500 and 507 didn't like what i did so shut me down.

Got that fixed, then spent a month working with a programer, he knows nothing about trading and everything about coding and writing software, he's managed to find a way to backtest basket systems (so long as they are fully automated). he managed to find a solid 10years worth of data, which took me (as part of deal) almost 2 weeks to download and he's just finalising the process - will cost me $200.00AUD at the end of the day for his services.

this will allow me to review many of the options i thought of but don't have time to look back at - before moving forward with them.

So i've been very busy, now i'm back as it's all on his end now.

Thats what i love about trading - open and close for busines what ever time of day i feel like it.

regards

MPP
  • #4,977
  • Aug 1, 2013 9:25pm Aug 1, 2013 9:25pm
Quoting xremmy
{quote} Hi Gyfu, The 50 pip movement was an example if trading a single pair and using a 5 pip stoploss, just to show the significance of your risk amount. With Basketing, i'm on 1min time frame, sometimes, 5min. My spread on core 5 is between 6-8 pips.( i use armada markets classic account).My stop is usually between 20 and 30 pips. So i get my 30 % with 200-300pips movement. Sorry if there was a mixup there, 50 pips movement was an illustration for a single pair, Trade Safe.
Thanks xremmy for the explanation.

It does make sense, however, you must be really confident of your entry with a very tight stop loss. That is exactly what I thought you would do to get a 30% gain. I have tried that in the past with a tight stop loss, but the retracement usually get me. With this method now, I am more of following kos's advise.
  • #4,978
  • Edited 3:23am Aug 2, 2013 2:31am | Edited 3:23am
Hi everyone.

I'm still reading this wonderful thread and demo testing at the same time but I think there is some trouble ahead for our recent buy. 1H has resistance up ahead at 154.38, which has acted as support and resistance in the past 4 times. Then the 4H is very close to the HAS.

CCI14 on 1H also crossed below it's 200 signal line. (Not in pic, sorry)


http://i41.tinypic.com/30vc907.png

http://i41.tinypic.com/2hgtuvn.png
  • #4,979
  • Aug 2, 2013 4:01am Aug 2, 2013 4:01am
Quoting Red1324
Hi everyone. I'm still reading this wonderful thread and demo testing at the same time but I think there is some trouble ahead for our recent buy. 1H has resistance up ahead at 154.38, which has acted as support and resistance in the past 4 times. Then the 4H is very close to the HAS. CCI14 on 1H also crossed below it's 200 signal line. (Not in pic, sorry) {image} {image}
welcome Red!

I like your charts so clean and simple and your analysis direct to the point.

my long is around +450 now and am thinking of wrapping it up and staying out of the way for NFP today
dont need to show charts your charts are exactly what I have here.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #4,980
  • Aug 2, 2013 5:09am Aug 2, 2013 5:09am
Quoting Larfa
{quote} Thanks for the heads up KOS. If I mess this one up, I should be certified!! If I can get some successful trades under my belt I should get under way. Regards Larfa

Hello Larfa!

did you take a piece of the LONG?

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