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A Basket Trading Journey

  • #1
  • First Post: Edited Dec 13, 2013 6:38am Dec 12, 2013 8:33am | Edited Dec 13, 2013 6:38am
Hello all,

This thread is dedicated to all those who give so freely of their time, knowledge, and patience here on FF. I believe that one who truly gives from the Heart will always be rewarded 10 fold.

This thread is additionally dedicated to all traders, like me, who continue to have faith that this is a business they were meant to do, and want to become the best they can. NOT for the financial rewards, but for the sense of personal accomplishment.

My goal for this thread is for Basket Traders to share their accomplishments and failures, and with each others help and ideas, our trading business succeeds for years to come.

Typical thread rules apply. I believe most of you know them...in short...Play Respectively!! This thread is solely dedicated to Basket Trading ideas, systems and methodologies. Those who don't subscribe to the method, please move on.


I wish to acknowledge some threads and people who have been a part of this journey.

Where it started...Simple Trading Method with T101 thread HERE
Kosmolate's Still Basketting thread HERE
And most recently seller9's Basket Trading EA HERE


Following will be posts showing what I'm doing and how. Hopefully with some participation from others, we can all grow together.

Here is a zip file of the indis and template I'm using.
Attached File(s)
File Type: rar IndisTpl.rar   83 KB | 654 downloads
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  • #2
  • Dec 12, 2013 5:44pm Dec 12, 2013 5:44pm
Below is shortly after TO. My main pairings are the Core5. Currently M15, 30, H1 and H4 are in a new sup/dem zone, I'll wait to see if Tokyo offers a breakout to the south. Below are H1 and H4.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: #core5#05h1.png Size: 40 KB
Click to Enlarge Name: #core5#05h4.png Size: 37 KB
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  • #3
  • Dec 12, 2013 6:16pm Dec 12, 2013 6:16pm
Quoting SmokeyD
Below is shortly after TO. My main pairings are the Core5. Currently M15, 30, H1 and H4 are in a new sup/dem zone, I'll wait to see if Tokyo offers a breakout to the south. Below are H1 and H4. {image} {image}
thanks for your invitation, please make it more clear you are cooking bear or bull. and what is the reason behind it.
  • #4
  • Dec 12, 2013 6:39pm Dec 12, 2013 6:39pm
Quoting hukam
{quote} thanks for your invitation, please make it more clear you are cooking bear or bull. and what is the reason behind it.
Thank-you for joining and your question.
Currently M5 to H4 are respecting a new demand zone. I'm monitoring the smaller time frames for a bear push south.

SD
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  • #5
  • Dec 12, 2013 6:50pm Dec 12, 2013 6:50pm
Below is core5 m5. If it's supply zone gets breached, I will enter short.
Attached Image (click to enlarge)
Click to Enlarge Name: #core5#05m5.png Size: 50 KB
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  • #6
  • Dec 12, 2013 6:58pm Dec 12, 2013 6:58pm
Looks like a retest of demand zone...wait and see
Attached Image (click to enlarge)
Click to Enlarge Name: #core5#05m5.png Size: 49 KB
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  • #7
  • Dec 12, 2013 7:04pm Dec 12, 2013 7:04pm
H1 shows heavy resistance so a long is out of the question right now.
Attached Image (click to enlarge)
Click to Enlarge Name: #core5#05h1.png Size: 45 KB
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  • #8
  • Dec 12, 2013 7:30pm Dec 12, 2013 7:30pm
http://assets.forexfactory.net/images/attach/ex4.gif II_SupDem v2.ex4 please use this indicator.. some how its little different.
  • #9
  • Dec 12, 2013 7:33pm Dec 12, 2013 7:33pm
Quoting SmokeyD
H1 shows heavy resistance so a long is out of the question right now. {image}

please show me fresh demand/supply, and incase of basket we can trade only with fresh demand/supply through any two time frame same demand/supply zone.
  • #10
  • Dec 12, 2013 8:04pm Dec 12, 2013 8:04pm
Quoting hukam
{image} II_SupDem v2.ex4 please use this indicator.. some how its little different.
This indi certainly displays different than the one I was using, and a ton of options to go with it. On the displayed M5 there is no new demand zone as the previous indi showed, don't understand the difference. Anyway, below is the new indi. Thank-you.

SD
Attached Image (click to enlarge)
Click to Enlarge Name: #core5#05m5.png Size: 51 KB
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  • #11
  • Dec 12, 2013 8:48pm Dec 12, 2013 8:48pm
Quoting SmokeyD
{quote} This indi certainly displays different than the one I was using, and a ton of options to go with it. On the displayed M5 there is no new demand zone as the previous indi showed, don't understand the difference. Anyway, below is the new indi. Thank-you. SD {image}

its necessary to understand fresh demand zones, please use default setting of indicator. i don't have access to my server and then post chart again. i will also try to post my one lateron with only supply demand, because it will be our secondary confirmation indicator.
  • #12
  • Dec 12, 2013 9:08pm Dec 12, 2013 9:08pm
Quoting hukam
{quote} its necessary to understand fresh demand zones, please use default setting of indicator. i don't have access to my server and then post chart again....
Here it is with default settings other than the HUD and Alarm are off.
Attached Image (click to enlarge)
Click to Enlarge Name: #core5#05m5.png Size: 50 KB
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  • #13
  • Dec 12, 2013 9:34pm Dec 12, 2013 9:34pm
its clear now, its 5min chart. we cannot make decision on it.
i already check. you should have to check it too.
60min and 240min chart have demand and 5min demand too.
its not a strong signal..
we need to have 5-15min, or 15-30min or 30-60min demand same demand zones.
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trade it on demo for your confidence.
price will back to 5min demand then buy.. range by very tight (BT 300pips) parcel may be following weekly chart, its not easy to catch (at the movement)
you may target 170 to 190 pips buy it when parcel back to demand zone.
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Another signal on 60min and 240min range is 400pips you may target 200pips
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its time to demo.
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if you find lateon another supply on 15-30min that will be the better signal to buy then also target would be the same 200pips range is very narrow.
  • #14
  • Dec 12, 2013 9:46pm Dec 12, 2013 9:46pm
above is secondary signal... first check BT CS V6,, once again its attached.
check basis on 1H & 4H & 1D
and cook the bigger group.
and important note: Friday specially peoples like to eat bull, so we will try to cook bull only
Attached File(s)
File Type: ex4 BT_CS_v6.ex4   30 KB | 434 downloads
  • #15
  • Dec 12, 2013 9:59pm Dec 12, 2013 9:59pm
It was very clear with @hukam Sup/Dem indi that earlier M5, 15, and 30 all showed a new supply zone. It would have been a no brainer...will catch the next one.
Attached Image (click to enlarge)
Click to Enlarge Name: #core5#05m15.png Size: 46 KB
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  • #16
  • Dec 12, 2013 10:04pm Dec 12, 2013 10:04pm
Quoting hukam
above is secondary signal... first check BT CS V6,, once again its attached. check basis on 1H & 4H & 1D and cook the bigger group. and important note: Friday specially peoples like to eat bull, so we will try to cook bull only {file}
Yes...a great indi that @seller9 has come up with. I have it open all day and monitor it regularly.
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  • #17
  • Dec 12, 2013 10:06pm Dec 12, 2013 10:06pm
Quoting SmokeyD
It was very clear with @hukam Sup/Dem indi that earlier M5, 15, and 30 all showed a new supply zone. It would have been a no brainer...will catch the next one. {image}
http://assets.forexfactory.net/images/attach/ex4.gif II_SupDem v2.ex4 please only use this indicator..(keep default setting so i can identify the changes)
i don't trade personally 5pairs. so i totally rely on your posting charts.
and check your pm
best of luck
regards
hukam
  • #18
  • Dec 13, 2013 1:50am Dec 13, 2013 1:50am
Below is M15 with fresh demand zone on both M15 and 30. Also PA is below my HAS which has been pretty reliable and my MACD Fast is just crossing zero. Will wait for LO for decision.
Attached Image (click to enlarge)
Click to Enlarge Name: #core5#05m15.png Size: 54 KB
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  • #19
  • Dec 13, 2013 2:04am Dec 13, 2013 2:04am
Short entered.
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  • #20
  • Dec 13, 2013 2:22am Dec 13, 2013 2:22am
Here is Short trade on M5.
Attached Image (click to enlarge)
Click to Enlarge Name: #core5#05m5.png Size: 50 KB
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