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Still Basketting

  • #5,041
  • Aug 7, 2013 2:21am Aug 7, 2013 2:21am
Quoting Kosomolate
{quote} bravo optimus I thought your HAS setting gives the same signal as I_XO_A_H on H4 my buy on H4 with XO closed at BE. after going 300 as it touched the HAS above kos
I stopped using HAS 2 9 2 12, which is lagging. As I said before the HAS 2 1 3 1 matches with XO. In fact HAS 2 1 3 1 is much better than XO as the zigzag signals of XO are eliminated by the HAS 2 1 3 1. I am using the TMS's "Synergy_APB"(which is similar to HAS 2 1 3 1) indicator along with "TDI green red". I find them very good in entry confirmation and removes the volatility candles. The candles you see in my chart is nothing but the average candles generated by Synergy_APB. I have been testing many alternate methods to trade the basket. I found this TMS is too good for entry confirmation with clean charts and tension free trading in H4. All my entries in individual pairs are also turned out to be successful. You can find these indies in TMS. If any one is interested I will attach them here.

My sell entry in H4 is floating +250 pips.

FxOptimu$
Attached Image (click to enlarge)
Click to Enlarge Name: basket6.JPG Size: 48 KB
  • #5,042
  • Aug 7, 2013 2:25am Aug 7, 2013 2:25am
Quoting eisebatti
Right now I got some pips back from yesterday with a trigger set up on IXOAH=350 with C5 M15 then took Profit at S/R as indicated yesterday by Red1324, Now I'm in for a reverse to HAS H1 as CCI(14)H1 went under -200 So for the reverse I'm still unsure as CCI is driving slowly south but Price doesn't show momentum for now ...Is it again Impatience? or a clear retracement? or? I don't need to tell you that I'm still a beginner,, please let the bell ring on me If i'messing up things here!!
The best way to use CCI signal line cross is as a final confirmation indicator. The best way to use CCI as a whole is divergence analysis. When you took the reverse to HAS on 1H price was already 2 candles BELOW 145.00 resistance. Price did reverse for a bit but the resistance at 145.00 held. This was way to risky since the only thing you were going with was a CCI -200 signal line cross which isn't that strong of an indication anyway (divergence is better).

Basically it was this: 1h HAS, 4h IXO, VQ7, MTF stochs and resistance at 145.00 wanted the price to go down. VS CCI wanted price to go up. Down has more supporting factors than up.
  • #5,043
  • Aug 7, 2013 2:30am Aug 7, 2013 2:30am
Quoting Kosomolate
{quote} you're so correct its like we sit at the same table. the H4 XO long I am long too but I wont waste time to close my rear, in view of the H4 HAS ahead. If its going to bounce back from there it maybe very forceful. kos

Thanks kos. Good to hear my analysis matches yours, it means that I am learning the system quite well. I did a little add position on the 145.00 S/R break down, which is now at BE too. Floating some nice pips
  • #5,044
  • Aug 7, 2013 2:41am Aug 7, 2013 2:41am
One more post lol.

If we continue going down after the major S/R break of 145, the next potential trouble area seems to be 129. This areas has been S/R 3 times in the past, however these all happened in Dec 2012-Feb 2013. This is a long ways away, which means that we have much room to go down and the strength of this area is questionable.

http://i39.tinypic.com/nlvllz.png


For the scalpers there is BEAUTIFUL market sentiment to the downside: Currencies down, Indices down and bonds up. Harmony.

http://i42.tinypic.com/2w1rs6p.png
  • #5,045
  • Aug 7, 2013 3:00am Aug 7, 2013 3:00am
today, we have a pretty morning.

floating +750 points at the moment.

http://i44.tinypic.com/2rpu04p.jpg
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #5,046
  • Aug 7, 2013 5:41am Aug 7, 2013 5:41am
Closed my add position and 15M scalp manually when price broke trendline. Such a shame. I thought this move would have been way bigger. Maybe it will on the 4H... At least my original position is at BE which is about to be hit There is still a chance that we bounce back down from 145 resistance.

15M chart:

http://i40.tinypic.com/nfs5q9.png
  • #5,047
  • Aug 7, 2013 5:55am Aug 7, 2013 5:55am
GBP played the spoil sport. Single handedly GBP pulled up the basket to hit my BE after having touched +400 pips. Better luck next time. Let me keep moving and look for the next entry opportunity.

FxOptimu$
Attached Image
  • #5,048
  • Aug 7, 2013 6:07am Aug 7, 2013 6:07am
hi optimus, how is ur new template setup??
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #5,049
  • Aug 7, 2013 6:10am Aug 7, 2013 6:10am
Oh silly me, there was a support area right under us at 140. I wonder how I missed that on the daily chart.
  • #5,050
  • Aug 7, 2013 6:22am Aug 7, 2013 6:22am
Quoting Fx-optimus
GBP played the spoil sport. Single handedly GBP pulled up the basket to hit my BE after having touched +400 pips. Better luck next time. Let me keep moving and look for the next entry opportunity. FxOptimu$ {image}

that is the spirit


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #5,051
  • Edited 6:56am Aug 7, 2013 6:45am | Edited 6:56am
Quoting tnavi
hi optimus, how is ur new template setup??
Hi tnavi

You are simply ripping the market with your Ichi and pipping all the way. I appreciate that. My template is very simple without clutter. I picked up these from TMS thread. I spent a month in search of an appropriate entry exit method for the basket in various forums in FF. Finally I find this one which is stress free with more accuracy. Earlier I was entering using HAS. Very often I suffered losses. In the process I was missing the winning entries when the market was trending. Now with this method I have no hesitation in entering and also I have the advantage of H4. Even I suffer few consecutive losses, I will cover it up in subsequent very long trend. Even my last trade was unfortunate to end with BE. However, I missed the weekly pivot where the market just touched and went up.

Good luck
FxOptimu$
Attached Image (click to enlarge)
Click to Enlarge Name: basket8.JPG Size: 111 KB
  • #5,052
  • Aug 7, 2013 8:34am Aug 7, 2013 8:34am
I skip this buy entry. This is created by GBP volatality and I doubt this may not sustain. I will wait for the next entry.

FxOptimu$
Attached Image
  • #5,053
  • Aug 7, 2013 8:35am Aug 7, 2013 8:35am
Quoting Red1324
{quote} The best way to use CCI signal line cross is as a final confirmation indicator. The best way to use CCI as a whole is divergence analysis. When you took the reverse to HAS on 1H price was already 2 candles BELOW 145.00 resistance. Price did reverse for a bit but the resistance at 145.00 held. This was way to risky since the only thing you were going with was a CCI -200 signal line cross which isn't that strong of an indication anyway (divergence is better). Basically it was this: 1h HAS, 4h IXO, VQ7, MTF stochs and resistance at 145.00 wanted...
Makes it much clearer now. Thats a wonderful explanation I learn from so much! Thank's a lot for your engagement and time! lots of appreciation
  • #5,054
  • Aug 7, 2013 8:49am Aug 7, 2013 8:49am
Quoting Fx-optimus
I skip this buy entry. This is created by GBP volatality and I doubt this may not sustain. I will wait for the next entry. FxOptimu$ {image}
i was a bit surprised by the general jpy weakness, was not expecting anything till the BOJ Monetary policy statement. The UJ is definitely over-sold considering its economic relevance, a reversal should see us at 100 and possibly above, and with the BOJ stance still unchanged... this time tomorrow i suspect we should be seeing a long basket with heaps of pips...

thats just me speculating..:nerd:
It is possible to make large sums trading, small losses, large wins
  • #5,055
  • Aug 7, 2013 11:34am Aug 7, 2013 11:34am
Quoting Fx-optimus
{quote} Hi tnavi You are simply ripping the market with your Ichi and pipping all the way. I appreciate that. My template is very simple without clutter. I picked up these from TMS thread. I spent a month in search of an appropriate entry exit method for the basket in various forums in FF. Finally I find this one which is stress free with more accuracy. Earlier I was entering using HAS. Very often I suffered losses. In the process I was missing the winning entries when the market was trending. Now with this method I have no hesitation in entering...
Hi FX-optimus,

TMS is a great system for single pairs as that was the system I traded before coming over to this method. So, yes, the candles and the TDI is very stress free indeed. Just a question, do you guys baby sit your trades or leave them to play out!! I know it is not that easy to leave an open trade with this method as there is a lot of pips to make and also to loose. Just want to know what people really do when in live trades. I know Tnavi baby sits his trades remotely via team viewer but what do others do. This issue has made me not trade as strongly as I should as I work full time in the day and not as easy to trade in the office. Lest hear or read what you guy are doing with live trades in the markets.

Thanks all.
Born to rule my Economic World and Make a Difference!
  • #5,056
  • Aug 7, 2013 1:42pm Aug 7, 2013 1:42pm
Hi all,

I have been a lurker here on FF for a long time and thank goodness I've found this super thread!! To all the real contributers here, thank you so much for sharing your knowledge and MT4 files and settings. I have really learned a lot from the post here. I am still in the demoing phase but hopefully I will move onto live trading the baskets. To the guys that post their charts and analysis thereof, keep doing so, please! The new guys, like me, learn a lot from them and the thinking behind it.

To all of you: A BIG thumbs up!!

May the pips keep marching into our accounts!

Regards
  • #5,057
  • Aug 7, 2013 8:07pm Aug 7, 2013 8:07pm
Quoting sharemaster2
{quote} Hi FX-optimus, TMS is a great system for single pairs as that was the system I traded before coming over to this method. So, yes, the candles and the TDI is very stress free indeed. Just a question, do you guys baby sit your trades or leave the....
Not necessary if you are trading in H1 or H4. However, on important news releases you got to watching if trades are on. The EA provided by GVC takes care of entries and exit.

Just entered Long.

FxOptimu$
Attached Image
  • #5,058
  • Aug 8, 2013 3:21am Aug 8, 2013 3:21am
Despite BOJ press meet nothing seems to have moved the market. Where will it go from here after jpy got over sold? It is anybody's guess. Keeping my fingers crossed and hoping for my buy orders turn positive from -200 pips or reverse signal to trigger short.

FxOptimu$
Attached Image
  • #5,059
  • Aug 8, 2013 4:57am Aug 8, 2013 4:57am
USD is over sold in all USD pairs. Similarly JPY is over sold in all JPY pairs. Both USD and JPY are weak at present preventing the basket to move in a direction. Expected impact of Japan policy statement has not happened. How long this stalemate is going to continue? What is going to stimulate the basket?

FxOptimu$
  • #5,060
  • Aug 8, 2013 6:16am Aug 8, 2013 6:16am
Current buy is up about 70 pips and there is almost triple divergence on 15M. Not sure what to do in this type of a situation. On one hand I want to play the 1H on the 1H chart only. But on the other hand we have the 4H has above us and now with the triple divergence...

What would you do kos?
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