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Still Basketting

  • #6,141
  • Oct 18, 2013 7:25am Oct 18, 2013 7:25am
Mr Kos

We miss your Birthday by some days.

!! Happy Birthday !!

The gifts as usual came from you this year again

Thank you, again and again
  • #6,142
  • Oct 18, 2013 11:29am Oct 18, 2013 11:29am
Eisebatti!!!

For having me in mind. May God bless you Sir.
I really appreciate it.

it was on the 12th and I celebrated it with my family.

thank you very much.


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #6,143
  • Oct 18, 2013 2:05pm Oct 18, 2013 2:05pm
late but sure...

happy birhtday boss...

u are the MAN!

xDD
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #6,144
  • Oct 18, 2013 8:51pm Oct 18, 2013 8:51pm
sorry for my poor english. happy birthday KOS
  • #6,145
  • Oct 19, 2013 10:13am Oct 19, 2013 10:13am
Hi Everyone,

Quick question. Has anyone made the BUY-SELL.signal indicator into a TLE ?

If not, was there a particular reason or just comfortable using other stuff.

Would anyone consider making this indi into a TLE?


Thanks Guys!
Plan, Prepare, Execute, Repeat
  • #6,146
  • Oct 20, 2013 3:14am Oct 20, 2013 3:14am
late happy birthday Kos!
  • #6,147
  • Oct 20, 2013 3:26pm Oct 20, 2013 3:26pm
very late to this party.

long read. Anyone still using this method?
  • #6,148
  • Oct 20, 2013 8:04pm Oct 20, 2013 8:04pm
a lot of people is using this method xD
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #6,149
  • Edited 10:15pm Oct 20, 2013 9:10pm | Edited 10:15pm
My Dear friends,

Please do some study before follow this system and do with due diligence. There is nothing call basket system . It is a Pure myth.

I donno why trader 101 introduced this illusion to all newbies.Only god knows. First find what is the net exposure of the basket and you will see the basket will follow net exposed pair completely.

A good example i can tell you is about this indicator currency basket (first version of 14 pairs i donno now it has changed or not) with equal lot sizes will give you net exposure of chf/jpy (since you sell 7 and buy 7) then when you sell or buy all the pairs the net exposure is Eur/Jpy.

So now you know why basket follows the indicator basket. It is very common sense. Generally Chfjpy take the lead and eurjpy follows (If Eur/Chf is flat). Whenever these two currencies correlations( another myth which traveling around which i cant explain now ) broken (often does). Your basket gets broken also,

Lets say chf/jpy took the lead but Eur/jpy didn't follow, then your basket will be turned into trash can. Think about this specially newbies.

How about adjusting lot size to make the net exposure 0. Sound nice ryt?. But that will fall into pure arbitrage which you can't exploit .Never ever.

I didnt mean to offend thread starters or anyone. My intention is to keep new traders think about this and debate and discuss why it works and why its not.But i will leave the conclusion upto you.

Take care my friends.

Fxyogi
  • #6,150
  • Oct 20, 2013 10:13pm Oct 20, 2013 10:13pm
I've been scalping for a number of years.

This basket trading is a little tough to get head around. I played with the pitbull trading method last year but never was able to get the basket into positive pips.
Seems like your losers always cancel out the winners. Trying to see what is different here. Still reading.
  • #6,151
  • Oct 20, 2013 10:39pm Oct 20, 2013 10:39pm
Quoting tnavi
late but sure... happy birhtday boss... u are the MAN! xDD

tnavi, noMo, Red.

thank you tnavi, thank you noMo and thank you Red.

tnavi what is wrong? you have not been posting actively and your blog too is not updated with recent trades


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #6,152
  • Oct 20, 2013 10:54pm Oct 20, 2013 10:54pm
Anyone trading 10 pairs without CHF pairs and EURGBP?

Just wondering if it can improve the P&L if exclude the CHF pairs and EURGBP, compared to 14 pairs.

Last month tested conservative entry and exit just using IXOAH 3TF and exit using XO1. HAS as additional confirmation.

Doing only just one basket. Return was ~10-15% with 10k account.

Moving forward, i am looking to test using 4hr time frame with IXOAH 2TF and exit XO1. HAS as additional confirmation.

Perhaps i may start live with 4hr time frame to suit my work now. Definitely support if there is another 4hr thread.
  • #6,153
  • Oct 20, 2013 11:29pm Oct 20, 2013 11:29pm
A late Happy Birthday Kos.......

I hope you took some of your pips and treated the family......lol
  • #6,154
  • Oct 20, 2013 11:40pm Oct 20, 2013 11:40pm
Quoting tommbstone
very late to this party. long read. Anyone still using this method?
keep an eye on it, you will soon see.

Quoting tommbstone
I've been scalping for a number of years. This basket trading is a little tough to get head around. I played with the pitbull trading method last year but never was able to get the basket into positive pips. Seems like your losers always cancel out the winners. Trying to see what is different here. Still reading.
What a long read you have to do? But be assured it's worth it.
#1 Then be ready to switch mode from scalping.
#2 Here one winner cancels out many losers, and leaves the basket green almost every week.
#3 Also here you will learn patience whether you like it or not, every impatient move is paid for very COSTLY
#4 You will also learn that we pull the trigger sparingly but purposefully here, the last time I placed an other was 10th of October and today is 21st of October and am +2000 pips up as I type this post. (see the last long basket on the posted chart)
#5 You will have the panoramic view of the market. I mean the overall sentiment of the market and trade accordingly
#6 Be ready to win and loose some

You will see the difference in the chart posted. it has moved away from IA time to offline chart.
this chart is for 12 weeks, though a short time but a good example. look at the losers in circles and pick which of the winners they can cancel out.

tomm, welcome to the thread!

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #6,155
  • Oct 20, 2013 11:46pm Oct 20, 2013 11:46pm
Quoting speedcash
Anyone trading 10 pairs without CHF pairs and EURGBP? Just wondering if it can improve the P&L if exclude the CHF pairs and EURGBP, compared to 14 pairs. Last month tested conservative entry and exit just using IXOAH 3TF and exit using XO1. HAS as additional confirmation. Doing only just one basket. Return was ~10-15% with 10k account. Moving forward, i am looking to test using 4hr time frame with IXOAH 2TF and exit XO1. HAS as additional confirmation. Perhaps i may start live with 4hr time frame to suit my work now. Definitely support if there...
Yes someone used to trade 10 pairs then, dont know if he will come forward and give you the performance rundown.
The H4 xo thread will come up when this thread is one year old by 24th Oct. So we can enjoy the H4 flow there.


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #6,156
  • Oct 20, 2013 11:49pm Oct 20, 2013 11:49pm
Quoting Gvc
A late Happy Birthday Kos....... I hope you took some of your pips and treated the family......lol
Thanks George.

Yes I did, big time and far away from Abuja.


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #6,157
  • Oct 21, 2013 12:09am Oct 21, 2013 12:09am
now to BTS.

any ideas? price may now start pushing up more, but it will only strengthen the divergence of CCI the more.

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #6,158
  • Oct 21, 2013 12:50am Oct 21, 2013 12:50am
Quoting Fxyogi
My Dear friends, Please do some study before follow this system and do with due diligence. There is nothing call basket system . It is a Pure myth. I donno why trader 101 introduced this illusion to all newbies.Only god knows. First find what is the net exposure of the basket and you will see the basket will follow net exposed pair completely. A good example i can tell you is about this indicator currency basket (first version of 14 pairs i donno now it has changed or not) with equal lot sizes will give you net exposure of chf/jpy (since you sell...
no 1. you don't have any friend here
no 2. I think you are one of those trouts Julius warned me about at the beginning of the thread. you only just re-registered as new member in FF today and your first post is to warn newbies
no 3. Check the guys in this thread, no newbies among us
no 4. If you want to trade and make money you are welcome, but if you are sponsored to come and stir up useless arguments. I'd advise you to leave.
no 5. if you have the nerve for arguments go to julius' thread or the indicator development thread and argue there very very well to your fill.

for your information, that phase of argument about exposure or no exposure has been done away with years ago and I still decided basket is the way for me, and many of those who put up the i-too-know (over sabi) attitude then later apologized for not believing me then and are now doing fine trading the same thing


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #6,159
  • Edited 1:28am Oct 21, 2013 1:14am | Edited 1:28am
Trader,

Take the argument as healthy. And debate my points if you have enough technical knowledge. These systems built on false premises.

I am not here to fight with anyone. No need to prove you who i am.

If anyone here see the truth from my post, that's all i need.Sir I am not a member of FF Just joined to convey the message.And new member does not necessarily mean newbie.

As i said i don't have any disrespect to you or anyone. I called "a spade is a spade".

I never told you this system will not work. But instead of basketting just watch chfjpy and buy or sell only eurjpy will do the work for you. Thats wht i said basket is a myth. Basket creates a illusion without seeing truth directly.Its like you are touching your nose by putting your hand head around without touching directly.result is more spreads, less control (good for brokers).


Thanks very much gentlemen
  • #6,160
  • Oct 21, 2013 2:22am Oct 21, 2013 2:22am
Quoting Fxyogi
Trader, Take the argument as healthy. And debate my points if you have enough technical knowledge. These systems built on false premises. I am not here to fight with anyone. No need to prove you who i am. If anyone here see the truth from my post, that's all i need.Sir I am not a member of FF Just joined to convey the message.And new member does not necessarily mean newbie. As i said i don't have any disrespect to you or anyone. I called "a spade is a spade". I never told you this system will not work. But instead of basketting just watch chfjpy...
am not saying your 'new discoveries' are not true, but what am saying is that though this may be new to you. it is stale to some of us and those of us you see doing it up till now are doing so as a matter of choice over watching CJ and trading EJ alone.

And above just cancelling out pairs to see what pairs remains there are other benefits to it than just cancelling out pairs and am not ready to be drawn back into such arguments again. Debates don't swell accounts trading does.

Pull up H4 charts of EJ and H4 bts offline charts check the smoothness may be you will have some useful ideas

Hope am clearer now


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