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Still Basketting

  • #6,161
  • Oct 21, 2013 4:23am Oct 21, 2013 4:23am
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...

go to hell....as far as am concern this system has put food on my table....
cut your losses short and let your profit run
  • #6,162
  • Oct 21, 2013 4:37am Oct 21, 2013 4:37am
As far as I am concerned, this is a distraction of what we are really here to do. And that is to make money and help others to understand the system that Kos, Nisha and many others have shared. I have read a lot of other basket threads and there is always someone that argues about the system or the logic behind it. Wel, if the pip counts and success stories does not impress anyone viewing this thread, then I don't know.

I/we don't need anyone come here distract everybody and take our focus off what really matters. Kos, I support you with this!

Regards to all

Brendon
  • #6,163
  • Oct 21, 2013 4:37am Oct 21, 2013 4:37am
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...
even the way indicators work on the two charts (normal / offline) is different. I have tried severally without success to apply this tools on single pairs, but the results are not very good, but am surprised the way they just work with offline charts, else I would have just stuck to trading GOLD alone.

put MACD on 15min EJ charts you will hardly make profit, but drop H1 MACD on 15min bts offliner and you will see how good it is ...


said more than enough. case closed. Good luck


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #6,164
  • Oct 21, 2013 4:42am Oct 21, 2013 4:42am
Hi, friends.
After several months i return back to this thread. I needed to rest from forex. I like this thread. I used TLE with HAS, Cloud, ICHI, IXOAH. Which of theese are most recent ? I had problem with IXOAH one month - i lost about 30% of my account before pause because of long term range market.....
Marek
  • #6,165
  • Oct 21, 2013 4:43am Oct 21, 2013 4:43am
Quoting Kosomolate
{quote} 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...

Trader,

Thanks very much for your polite reply. Of course i know both charts will not be same in terms of smoothness. The reason is you are looking at ask or bid price on EJ chart whereas your BTS offline will not. Another reason is this is not pure EJ synthetic it has some other currencies also(in smaller units). If it works for you then its good. My opinion is just another way of thinking. Remember i have tried this long time back then there are astute wise traders started to find why this fails and basket gets broken. Their findings is what i am telling you here. No "new discoveries".

One of the trader called "nopik" has done extensive research in this. If anyone can google can find.
  • #6,166
  • Oct 21, 2013 4:44am Oct 21, 2013 4:44am
Quoting bleeze
{quote} go to hell....as far as am concern this system has put food on my table....
no don't send him to h... please.

I know people like him.


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #6,167
  • Oct 21, 2013 4:47am Oct 21, 2013 4:47am
Quoting Roje
Hi, friends. After several months i return back to this thread. I needed to rest from forex. I like this thread. I used TLE with HAS, Cloud, ICHI, IXOAH. Which of theese are most recent ? I had problem with IXOAH one month - i lost about 30% of my account before pause because of long term range market..... Marek
Marek welcome back.

what month was that? what TF were you doing? and what was the boxsize of the ixoah? was it 14 or core5?
maybe I can help you


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #6,168
  • Oct 21, 2013 4:54am Oct 21, 2013 4:54am
Quoting Kosomolate
{quote} no don't send him to h... please. I know people like him. kos
Traders,
Don't think you are talking to some kind of new bie. I have tried every basket system presented in forex. Guess what, everybody (including so called pro traders with 10 + vouchers) failed to see what happens and why it happens. Think like this how this pendulum effect is created?. It for sure leaving some net exposure. Then the basket is responding to that exposure.

No need to disrespect each other. We are traders who should have open minded to reason everything and helping each other.My opinion is not the conclusion. It is open to everybody to argue and negate.

i have registered what i wanted say.Now the floor is yours.

Thanks brothers
  • #6,169
  • Edited 5:43am Oct 21, 2013 4:57am | Edited 5:43am
Quoting Kosomolate
{quote} Marek welcome back. what month was that? what TF were you doing? and what was the boxsize of the ixoah? was it 14 or core5? maybe I can help you kos
Hi kos, i think it was july. IXOAH 830 (and i tried i think 600) in 15min TF. Both of 14 and core5.
  • #6,170
  • Oct 21, 2013 5:48am Oct 21, 2013 5:48am
Quoting Fxyogi
{quote} Traders, Don't think you are talking to some kind of new bie. I have tried every basket system presented in forex. Guess what, everybody (including so called pro traders with 10 + vouchers) failed to see what happens and why it happens. Think like this how this pendulum effect is created?. It for sure leaving some net exposure. Then the basket is responding to that exposure. No need to disrespect each other. We are traders who should have open minded to reason everything and helping each other.My opinion is not the conclusion. It is open...

You've every right to state your opinion, but its a bit pointless telling people on a thread that something doesn't work when for so many people it clearly does!! Baskets DO work if you trade them as Kos and Nisha do, simple fact
  • #6,171
  • Oct 21, 2013 6:34am Oct 21, 2013 6:34am
Quoting lastingwell
{quote} You've every right to state your opinion, but its a bit pointless telling people on a thread that something doesn't work when for so many people it clearly does!! Baskets DO work if you trade them as Kos and Nisha do, simple fact
I agree. If your method works, keep doing it consistently.

Only question the method if it affects your P&L or it don't work anymore.

I was a prop trader in the past and all professional traders focus only on growing their own accounts and sizing up.

To all the successful traders, making money is more important than finding problems.
  • #6,172
  • Oct 21, 2013 7:38am Oct 21, 2013 7:38am
my first 4hr trade, price is not able to go above resistance and USD seems to be coming back. Going on this Counter Trade with target of 500 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: #kos#14h4.png Size: 44 KB
Trend is your friend...
  • #6,173
  • Oct 21, 2013 7:46am Oct 21, 2013 7:46am
Belive me, i too was very skeptical about BTS, but when i saw how it responded to support and resistanc, i worked on demo for few months before going live and have not looked back since then, making small changes to suit my trading style.

I have mentioned here many time, its the person inside us which makes the trades go bad or good. All systems work well if tuned to ones personality.

So each to his own, i dont need to show proof of what i am making but one thing is sure, am making decent amount . I will only recheck this system if i fail to make 2 consecutive profitable months.
Trend is your friend...
  • #6,174
  • Oct 21, 2013 9:04am Oct 21, 2013 9:04am
Dont feed the yogi bear he gets enough from stealing picnic baskets

- remember the cartoon

- but watch out for boo boo or the ranger they will be joining as newbie soon it seems

basket trading is not for everyone

however the principles applied here can work on smaller or larger baskets or single pairs with 14x the size of position

i compare the kos 14 h4 and audjpy -- - audjpy seems to respect the MAs 50 100 ema better - but using either entry makes some big pips long term

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-kos.jpg Size: 751 KB
  • #6,175
  • Oct 21, 2013 9:28am Oct 21, 2013 9:28am
Quoting manuel_fx
Dont feed the yogi bear he gets enough from stealing picnic baskets - remember the cartoon - but watch out for boo boo or the ranger they will be joining as newbie soon it seems basket trading is not for everyone however the principles applied here can work on smaller or larger baskets or single pairs with 14x the size of position i compare the kos 14 h4 and audjpy -- - audjpy seems to respect the MAs 50 100 ema better - but using either entry makes some big pips long term {image}
Nice comparison.If you are trading with indicators , i am sorry i have nothing to add more. Brokers love those indicators. In fact they are conducting free seminars on these color bands.
If a system works for anyone , just follow it as nisha4x said. There may be a time where you will be helpless with indicators(or may not). Then may be the time to think about price action trading . Time has not come yet.
  • #6,176
  • Oct 21, 2013 11:23am Oct 21, 2013 11:23am
there is nothing wrong in what you say, but no one can just trade with price action alone. the long term success comes from trading higher timeframes of 1hr and higher.

if out of 12 months, if we are successful even for 8 months and lose 4 monthn, its ok, we cant win them all. myself have gone hru this phase before, but since past 18 months, i have yet to see a loosing month. earlier i used to trade only gbpjpy with just support and resistance and using 200 ema on 1hr tf.



Quoting Fxyogi
{quote} Nice comparison.If you are trading with indicators , i am sorry i have nothing to add more. Brokers love those indicators. In fact they are conducting free seminars on these color bands. If a system works for anyone , just follow it as nisha4x said. There may be a time where you will be helpless with indicators(or may not). Then may be the time to think about price action trading . Time has not come yet.
Trend is your friend...
  • #6,177
  • Oct 21, 2013 11:31am Oct 21, 2013 11:31am
Hi guys/gals, I am trying to use the manual functions of the tle EA to manage trades, but i cannot seem to get the stoploss and take profit visual lines to show on the charts, i have it enabled in the settings, and i have tried everything to no avail, i can make trades ok, but the lines will not show....is there something i am doing wrong here?


hres
Attached Image (click to enlarge)
Click to Enlarge Name: visual lines help....png Size: 49 KB
  • #6,178
  • Oct 21, 2013 11:47am Oct 21, 2013 11:47am
Quoting tommbstone
... 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...
Hi tommbstone, I have just finished reading the pitbull thread as well, and I am not claiming to be an expert on the subject, but just a tip, the aim/object of the method is not to get the basket into positive pips. You are using the basket to control your draw down, instead of using stop losses. Your draw down being in negative does not matter as long as is within you acceptable max DD, in the mean time you keep opening and closing trades in profit and increasing your equity. If your max DD is hit, you stop trading and wait for it to go under before you continue. It's a clever way of trading with out using stop losses.
  • #6,179
  • Oct 21, 2013 11:52am Oct 21, 2013 11:52am
Quoting Hodgires
Hi guys/gals, I am trying to use the manual functions of the tle EA to manage trades, but i cannot seem to get the stoploss and take profit visual lines to show on the charts, i have it enabled in the settings, and i have tried everything to no avail, i can make trades ok, but the lines will not show....is there something i am doing wrong here? hres {image}
May be a silly question, but you haven't got 'Tools > Options > Objects > Show Trade Levels' on MT4 unchecked by any chance?


Just out of curiosity, are those bosun lines you are using? Thanks
  • #6,180
  • Oct 21, 2013 12:29pm Oct 21, 2013 12:29pm
Danjuma, no i have i have show trade levels checked...and yes those are bosun lines...the basket seems to respect the lines pretty well...also note the basket trend for the week is often in relation to the center grey line..

hres
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