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Still Basketting

  • #5,401
  • Sep 4, 2013 5:37am Sep 4, 2013 5:37am
closed my 4920 basket...slate is now clean....+1450 pips since monday entry..tempting to short but will wait for confirmation on 4hr before taking entry.
Trend is your friend...
  • #5,402
  • Sep 4, 2013 5:37am Sep 4, 2013 5:37am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting MPP
{quote} Nope - why bother, everything else is long and it could still keep going. we're about 1000points of the high of the 12 week range we've been stuck in - SL could be hit with ease in the completion of the long run. the question is ? "whats driving this" if you know the answer to this then yes, trade the short or hold the long, but if not, trade only what the charts tell you, and that to me is LONG. do love your trading though, using the higher TF's etc to confirm direction.
So here we are again, top of the 12 week range, driving for another go to break it. so what now?

typically the baskets hold the trend from wednesday to the end of the week, so we look for it to close higher than it's current position and put us above the channel, if so can we aim for the high - thats approx 4000pips above us....keep an eye on your trades.
  • #5,403
  • Sep 4, 2013 5:43am Sep 4, 2013 5:43am
I agree, but seems run out of steam, would evaluate at lower levels to entry again if daily still shows up. Lower levels meaning at 1230 IXOAH .

Quoting MPP
{quote} So here we are again, top of the 12 week range, driving for another go to break it. so what now? typically the baskets hold the trend from wednesday to the end of the week, so we look for it to close higher than it's current position and put us above the channel, if so can we aim for the high - thats approx 4000pips above us....keep an eye on your trades.
Trend is your friend...
  • #5,404
  • Sep 4, 2013 6:01am Sep 4, 2013 6:01am
169 resistance with CCI showing divergence. I'm about ready to close my long.

http://i43.tinypic.com/21d4ept.png
  • #5,405
  • Sep 4, 2013 6:59am Sep 4, 2013 6:59am
Quoting omadivi
weak USD coming up...also a strong candle reversal pattern on the UJ...weak USD will push the EU, GU up....but a weak USD wld also drop the UJ, pushing the yen pairs down....sticking to the USD pairs for now.. {image}
Our winners for today are the GU and AU....the USD is still getting weak..lets see how the trade balance comes out..the EU has been rather slow..we might see an upward spike..or not..UCHF also relatively stagnant...the yen has also weaken a lil more, if the trade balance deviates alot from expectation, we cld see wide moves on the UJ and subsequently on the other yen pairs..i personally think they are over-bought..but i have learnt that there is no such thing..
Attached Image (click to enlarge)
Click to Enlarge Name: sell mode.PNG Size: 69 KB
It is possible to make large sums trading, small losses, large wins
  • #5,406
  • Sep 4, 2013 7:25am Sep 4, 2013 7:25am
Quoting Red1324
169 resistance with CCI showing divergence. I'm about ready to close my long. {image}


I closed @168.440

Thanks for showing this once again,,

Is this in M1 or M5? I only have those TF's ready in C5

Now I'm so curious about the development of what MPP opened up just before!!
and I need to be patient and to breath slowly slowly :-)
  • #5,407
  • Sep 4, 2013 8:01am Sep 4, 2013 8:01am
Quoting eisebatti
{quote} I closed @168.440 Thanks for showing this once again,, Is this in M1 or M5? I only have those TF's ready in C5
That is a 1 hour chart.
  • #5,408
  • Edited 10:29am Sep 4, 2013 9:58am | Edited 10:29am
Quoting Red1324
{quote} That is a 1 hour chart.
upps :-) could have watched better, wasn't expecting the read in the H1..

and now MACD CCI seem back to normal!? the tnavi trendline in M15 hasn't been crossed yet!
does that mean we're up already right now for THE run to the Higher Highs??
Or do I still have to breath slowly slowly and wait for other indis to confirm or may be learn to read them better?

Please forgive me if my questions are noising some of you, but today is my learning day :-))

EDIT: I'm in and BE
I you do so by Logic turn around GBPCHF and USDCHF today seems good for this,
but watch out as I see now a CCI divergence in M15 maybe it was just a move of a newbee dummy!!
  • #5,409
  • Edited 2:10pm Sep 4, 2013 10:46am | Edited 2:10pm
Quoting eisebatti
{quote} upps :-) could have watched better, wasn't expecting the read in the H1.. and now MACD CCI seem back to normal!? the tnavi trendline in M15 hasn't been crossed yet! does that mean we're up already right now for THE run to the Higher Highs?? Or do I still have to breath slowly slowly and wait for other indis to confirm or may be learn to read them better? Please forgive me if my questions are noising some of you, but today is my learning day :-)) EDIT: I'm in and BE I you do so by Logic turn around GBPCHF and USDCHF today seems good for this,...

Keep calm and wait for a the systems to tell you what to do. I don't know which system you are running, but you will get a chance to re-enter on all of them sooner or later. It is impossible to pick tops and bottoms but I personally like to use resistance + divergence as an indicator to take profits.
  • #5,410
  • Sep 4, 2013 11:41am Sep 4, 2013 11:41am
I'm out with 1 more % back in my pocket. 3% in all today!

I envy those who entered any HAS 3 days ago and are silently happily watching the blue line.

I'm thankful to all of you here and Now I go out for a wonderful autumn sunset
  • #5,411
  • Sep 4, 2013 11:52am Sep 4, 2013 11:52am
Quoting eisebatti
I'm out with 1 more % back in my pocket. 3% in all today! I envy those who entered any HAS 3 days ago and are silently happily watching the blue line. I'm thankful to all of you here and Now I go out for a wonderful autumn sunset
3% compounded can be alot..

The UJ is playing with the 100 area...how it reacts when it hits 100 will reveal alot..if it plunges from there, so will the other yen pairs..The BOJ Monetary Policy Statement is tonight/tomorrow morning (depending on your time zone), considering their weak yen policy still in play, we could see 101.50, 103.70s...not all over-night of cos.....my weak USD paid off nicely...The EU finally joined the train...Happy green pips to all.
It is possible to make large sums trading, small losses, large wins
  • #5,412
  • Sep 4, 2013 12:45pm Sep 4, 2013 12:45pm
Which EAs do you guys use to manage your trades please? I have tried MPBM and KOS's 2ProtectAccount[4a]micro001, but not sure how they manage the trades and was looking to try others? Thanks
  • #5,413
  • Sep 4, 2013 1:05pm Sep 4, 2013 1:05pm
Quoting danjuma
Which EAs do you guys use to manage your trades please? I have tried MPBM and KOS's 2ProtectAccount[4a]micro001, but not sure how they manage the trades and was looking to try others? Thanks
T101 v2.3. It is in one of GVC's posts
  • #5,414
  • Sep 4, 2013 1:58pm Sep 4, 2013 1:58pm
+472 pips in 2 days on H4 with 5 pairs. Thanks to all contributers of this thread and this great T101 basket system.
Attached Image (click to enlarge)
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  • #5,415
  • Sep 4, 2013 2:10pm Sep 4, 2013 2:10pm
Does anyone know why custom indicators seem to disappear from my charts like in this pic?

http://i44.tinypic.com/2ajoymp.png
  • #5,416
  • Sep 4, 2013 2:28pm Sep 4, 2013 2:28pm
another week of surplus pips!!
am happy people are making real money, withdraw-able money!


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #5,417
  • Sep 4, 2013 2:29pm Sep 4, 2013 2:29pm
Quoting Red1324
Does anyone know why custom indicators seem to disappear from my charts like in this pic? {image}

refresh your chart, simple
it happens to me too, always

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #5,418
  • Sep 4, 2013 2:30pm Sep 4, 2013 2:30pm
Quoting nisha4x
closed my 4920 basket...slate is now clean....+1450 pips since monday entry..tempting to short but will wait for confirmation on 4hr before taking entry.
bravo!!, nisha


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #5,419
  • Sep 4, 2013 3:28pm Sep 4, 2013 3:28pm
Quoting Kosomolate
{quote} refresh your chart, simple it happens to me too, always kos
Does it still trigger alerts?
  • #5,420
  • Sep 5, 2013 1:58am Sep 5, 2013 1:58am
Quoting Red1324
Does anyone know why custom indicators seem to disappear from my charts like in this pic? {image}
Red1234,

The offline charts does this if you have more than 1 chart open with the same TF and name. (BSK14,H1)

I modified the basketv8 indicator so that the user can put in his own chart name.. e.g.(YEN07,H1)
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