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Still Basketting

  • #5,641
  • Sep 12, 2013 2:04pm Sep 12, 2013 2:04pm
hi sky, if you can post ur chart and ur timeframe ur trading we can suggest you .

Quoting skyline
Guess I start in wrong week to test this method, it's 2 days that is ranging on my face lol I closed my previous 14 long basket since H1 HAS turned red (-540 pips), so I went with the flow and shorted but it's floating in negative territory without any chance to go to BE.
Trend is your friend...
  • #5,642
  • Sep 12, 2013 2:18pm Sep 12, 2013 2:18pm
Quoting nisha4x
hi sky, if you can post ur chart and ur timeframe ur trading we can suggest you . {quote}

Hi Nisha, thanks for help , given that I'm a newbie and there's a lot of 'variation' on how to trade in this thread, I tried to mimic Kos trading style (at least in his earlier post), so here's my entries :

1) First entry was yesterday which was more a re-entry since trend long was already in place , so i waited for price to go back to M15 HAS to jump aboard but as you see it went badly against me with any way at least to BE. So I took my loss and moved toward short side....

2) Second yellow arrow is my short entry made today , again basket barely went positive then retraced back and is still with floating loss, I will keep until M15 will turn blue or sl is hit.

Attached Image (click to enlarge)
Click to Enlarge Name: kos_entry1.jpg Size: 83 KB


Was this week a good one for you ? Maybe I started too late in the week to be able to get some profit...

Cheers,
Skyline
  • #5,643
  • Sep 12, 2013 2:45pm Sep 12, 2013 2:45pm
Quoting skyline
{quote} Hi Nisha, thanks for help , given that I'm a newbie and there's a lot of 'variation' on how to trade in this thread, I tried to mimic Kos trading style (at least in his earlier post), so here's my entries : 1) First entry was yesterday which was more a re-entry since trend long was already in place , so i waited for price to go back to M15 HAS to jump aboard but as you see it went badly against me with any way at least to BE. So I took my loss and moved toward short side.... 2) Second yellow arrow is my short entry made today , again basket...

Most, if not all, of this weeks pips came from the Monday entry. If you missed that then you got whipsawed badly. Some weeks are like this.
  • #5,644
  • Sep 12, 2013 2:49pm Sep 12, 2013 2:49pm
sky, ur a member since 2006 and still consider as a newbie, i feel u being humble.

you were entering the trade when the trend was close to exhaustion, its been up since last week, so best would have been to wait till trend change, which is underway, still in its infancy thou. try to enter on retracements instead of just taking trade on change of HAS. i would recommend to use 1 hr and higher timeframe if ur new to basket trading. 15 min is too much noise and needs experience to get decent money out of it.

To be honest, i understood this concept 5 months back, took time to read the thread and analyse the strategy and methods used, tweaked to my requirement and started live on this 3 months back and touch wood, made more than 30,000 pips. so far so good


Quoting skyline
{quote} Hi Nisha, thanks for help , given that I'm a newbie and there's a lot of 'variation' on how to trade in this thread, I tried to mimic Kos trading style (at least in his earlier post), so here's my entries : 1) First entry was yesterday which was more a re-entry since trend long was already in place , so i waited for price to go back to M15 HAS to jump aboard but as you see it went badly against me with any way at least to BE. So I took my loss and moved toward short side.... 2) Second yellow arrow is my short entry made today , again basket...
Trend is your friend...
  • #5,645
  • Sep 12, 2013 3:01pm Sep 12, 2013 3:01pm
Thx for support guys & gals
Well i'm consider still a newbie even if I joined FF in 2006 because mostly I coded ea,indicator and stuff like that more than real trading
Btw yes my first entry was too late looking at the whole picture but the second short I think should be right since HAS M15 & H1 turned red.
Moreover using higher tf would imply to get much more drawdown and I'm planning to start with a very small account around 500€ so maybe it's ok to trade when M15 and H1 HAS both agree. I also see other members here like Tnavi are trading M15 with very good profit.

Thx
Skyline
  • #5,646
  • Sep 12, 2013 3:49pm Sep 12, 2013 3:49pm
nisha, i want to understand good ur method.

if ur 1230 ixoah is green, and the others 2 ixoahs too are greens and the HAS is blue, then u enter long, nop?

and when price arrived to a resistance that u draw and the 350 ixoah came red, u exit?

but, in this long u increased the long when 350 ixoah comes green again??

@@

its a little confusing xD

explain me, please
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #5,647
  • Sep 12, 2013 4:22pm Sep 12, 2013 4:22pm
Quoting bcmaggs
Hi all, I am playing around with XOProfitSingle v3 Shiftbar. I understand all the parameters that can be changed except for 3 of which I am unsure. Please correct me if I am wrong: Shiftbar = ? (Don't know exactly what this setting is) Spread = X (This should be the dollar amount of the total basket or single pair?) Pipsfactor = 10.0 (If you have a 5 digit broker and 1.0 if you have a 4 digit broker?) Thanks for the help in advance. Regards Brendon
bcmaggs, I am in the same both as you. Not sure how to use the indi to look for the optimum settings. Would be glad if someone could explain please? Many thanks.
  • #5,648
  • Sep 12, 2013 5:04pm Sep 12, 2013 5:04pm
sorry nisham just now i have discovered ur FF thread in trading systems,

now i understand all

thanks and sorry
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #5,649
  • Sep 12, 2013 5:11pm Sep 12, 2013 5:11pm
thanks fx-optimus, nice results, please keep us posted

Quoting Fx-optimus
{quote} First I tested the TLE in a M5+M15+H1 combo on Monday. It picked up the Buy order when all the three XO were showing Green. The trades were closed with 1200+ pips profit on Tuesday evening when all the three XO were showing red. Again I tested it in M15+H1+H4 combo. I have attached this image, where you can see the TLE worked fine by picking up the order at the right candle. The trade is still in progress as of now. FxOptimu$ {image}
  • #5,650
  • Sep 12, 2013 8:08pm Sep 12, 2013 8:08pm
Market moved away up from the narrow range. I observe;

# Market still move up to the Blue lower channel line and fall back.
# Japan is considering another $50 Billion stimulus. This could make the JPY pairs to push up further resuming uptrend of the basket.

Any other could see what I could not see.

Fx...
Attached Image
  • #5,651
  • Sep 12, 2013 9:24pm Sep 12, 2013 9:24pm
I have just opened a demo account and am unable to get the buy and sell scripts to work.
I am getting a '0 trades opened' message.
My live accounts work fine but the demo account is not.
Can anyone give me a clue as to what could be the problem, please?
Faith with Action
  • #5,652
  • Sep 12, 2013 10:18pm Sep 12, 2013 10:18pm
Daily chart indicates;

# Doji on top,
# TDI Green about to cross Red.
# CCI is heading towards -200,
# XO 3280 yet to reverse.
# Application of Triangles (Something strange technique being tested for trend reversal) shows down ward move.

I could be proved wrong by the market. Don't follow me.

FxOptimu$
Attached Image (click to enlarge)
Click to Enlarge Name: basket.JPG Size: 39 KB
  • #5,653
  • Sep 12, 2013 10:26pm Sep 12, 2013 10:26pm
I entered sell baskets yesterday on 925 and 1230 but both closed negative due to that small uprun. Now my account is where it was at the beginning of the week.
Maybe I should widen my stops a little more!? I see that the 925 on my charts turned green while the 1230 and 3280 remains red. This might be that bounce off the H1 HAS that Nisha spoke off.

If the move continues down (with good momentum), I'll enter short again. I need to stop losing so many trades as the good trades, like earlier this week, are completely wiped out during the rest of the week..

Any help regrding the XOv3 indi?

Regards

Brendon
  • #5,654
  • Sep 12, 2013 11:14pm Sep 12, 2013 11:14pm
the pullbacks till HAS and continuation of the trend, happens 90% of time, thats why need to have appropriate stop loss at the correct place and just not close trade as higher trend still down, a loss of 300 to 400 pips for a 1000 pip gain is worthy of having that risk. you should never trade if you are afraid of loosing.
Attached Image (click to enlarge)
Click to Enlarge Name: #kos#14h1.png Size: 29 KB
Trend is your friend...
  • #5,655
  • Sep 13, 2013 12:35am Sep 13, 2013 12:35am
It looks to me as if the uptrend wants to continue. That we only experienced a pullback. We are moving in a nice uptrend channel.

Any views?
Attached Image (click to enlarge)
Click to Enlarge Name: 13 Sep.PNG Size: 156 KB
  • #5,656
  • Sep 13, 2013 12:58am Sep 13, 2013 12:58am
Quoting Kosomolate
if I am in this short I will be looking at how to close it now for small profit check the channel and the CCI. but if it goes thru then short is in place trade well all. kos {image}
Remember what the master said

Attached Image (click to enlarge)
Click to Enlarge Name: sf.png Size: 54 KB
  • #5,657
  • Sep 13, 2013 2:52am Sep 13, 2013 2:52am
Quoting tnavi
@omadivi, the trencci (174) is the same that HAS (2,23,2,23) i tell u for help u cleaning the screen. if u remove this indi u have more space. the simplicity is the key to the fortune!
hi tnavi,
thanks for the observation. I prefer visual signals..i use HAS(default settings)..never bothered to check its settings, just interested in knowing whether the trend is bullish or bearish...you can see below that the HAS and cci are not the same...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cci n has.PNG Size: 63 KB
Click to Enlarge Name: overview.PNG Size: 57 KB
It is possible to make large sums trading, small losses, large wins
  • #5,658
  • Sep 13, 2013 2:57am Sep 13, 2013 2:57am
Quoting nisha4x
the pullbacks till HAS and continuation of the trend, happens 90% of time, thats why need to have appropriate stop loss at the correct place and just not close trade as higher trend still down, a loss of 300 to 400 pips for a 1000 pip gain is worthy of having that risk. you should never trade if you are afraid of loosing. {image}

Hi Nisha, there's something quite different in your chart from mine (I'm using Oanda demo), infact I see you have a clear short signal at 2013.09.12 18:00 , where all XO are red, I have instead D1 XO (setting is 4920, i guess like your) positive since past 2 Sept and never went red, this could lead to very different entry/exit, so there's a very strong broker dependancy trading in this way and result among traders could be very very different, for example following your trading system I wouldn't enter any short on 12 sept since my D1 XO is still green.

Attached Image (click to enlarge)
Click to Enlarge Name: nisha_broker.jpg Size: 153 KB


Maybe to avoid this issue, a solution could be to use all of us basket trader here a common broker (like alpari or someone else) just for charting then is up to single trader place orders in his own broker.
  • #5,659
  • Sep 13, 2013 3:02am Sep 13, 2013 3:02am
Quoting skyline
{quote} Hi Nisha, there's something quite different in your chart from mine (I'm using Oanda demo), infact I see you have a clear short signal at 2013.09.12 18:00 , where all XO are red, I have instead D1 XO (setting is 4920, i guess like your) positive since past 2 Sept and never went red, this could lead to very different entry/exit, so there's a very strong broker dependancy trading in this way and result among traders could be very very different, for example following your trading system I wouldn't enter any short on 12 sept since my D1 XO...
she is using a different settings for the D1 XO not 4920. she posted the new setting in one of her posts....
cut your losses short and let your profit run
  • #5,660
  • Sep 13, 2013 3:04am Sep 13, 2013 3:04am
Quoting skyline
{quote} Hi Nisha, there's something quite different in your chart from mine (I'm using Oanda demo), infact I see you have a clear short signal at 2013.09.12 18:00 , where all XO are red, I have instead D1 XO (setting is 4920, i guess like your) positive since past 2 Sept and never went red, this could lead to very different entry/exit, so there's a very strong broker dependancy trading in this way and result among traders could be very very different, for example following your trading system I wouldn't enter any short on 12 sept since my D1 XO...
pssst: change your D1 settings to 3280. It may make your chart look similar to Nisha's.
Faith with Action
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