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Still Basketting

  • #6,781
  • Jan 20, 2014 6:39pm Jan 20, 2014 6:39pm
Quoting TyLamai
{quote} H4 basket was opened by the EA in my absence. Green ALL round. Waiting for BE on both the H1 & H4. Ty
Soliloquy in the house!

Slept in front of my laptop (yes wifey NOT around). Just woke up around 1:37 am my time to see that H1 has BE''ed - NICE!

Awaiting H4 hopefully.

Off to bed if not I'll pay by tomorrow when am found out! Good Night (early morning) guys!

Regards,

Ty
My job: I speculate and manage risk.
  • #6,782
  • Jan 20, 2014 8:12pm Jan 20, 2014 8:12pm
Ok I confess I couldn't sleep a wink! Too pumped up.

H4 has BE'ed.

Initial targets:

H1 = 231.393

H4 = 231.422


At these points, I may need to watch the trades "manually" so that I don't lose ALL the greens.

Kos please HOW would you look to exit such awesome trades?

Am thinking of leaving at the next resistances as stated above but I dunno .

I know Bob will target his 600s.

Regards,

Ty

NB: Combined pipage thus far = 1004+ pips
My job: I speculate and manage risk.
  • #6,783
  • Jan 20, 2014 9:06pm Jan 20, 2014 9:06pm
Quoting TyLamai
Ok I confess I couldn't sleep a wink! Too pumped up. H4 has BE'ed. Initial targets: H1 = 231.393 H4 = 231.422 At these points, I may need to watch the trades "manually" so that I don't lose ALL the greens. Kos please HOW would you look to exit such awesome trades? Am thinking of leaving at the next resistances as stated above but I dunno . I know Bob will target his 600s. Regards, Ty NB: Combined pipage thus far = 1004+ pips
Beautiful, Ty! BE was hit an hour ago, I think. Now it's rest at ease. Even if this trade comes back to Break Even, I'll still consider it a winner.
  • #6,784
  • Jan 21, 2014 12:05am Jan 21, 2014 12:05am
Quoting Bob_Loblaw
{quote} Beautiful, Ty! BE was hit an hour ago, I think. Now it's rest at ease. Even if this trade comes back to Break Even, I'll still consider it a winner.

I believe you truly read this thread, and you have found peace with your chart and with yourself.

that is exactly my take on it, and I said it many times, after BE the psycological battle is over. the rest is easy.


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #6,785
  • Jan 21, 2014 12:11am Jan 21, 2014 12:11am
Quoting TyLamai
Ok I confess I couldn't sleep a wink! Too pumped up. H4 has BE'ed.
Kos please HOW would you look to exit such awesome trades? Am thinking of leaving at the next resistances as stated above but I dunno
NB: Combined pipage thus far = 1004+ pips
Nevertheless, for you TY study the 2 pictures and you will decide where to jump out of the train.
one is H4 and the other is H1 look at the pattern may be they suggest anything to you.

H1 xo will give you early exit


kos
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: h1.png Size: 45 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #6,786
  • Jan 21, 2014 12:27am Jan 21, 2014 12:27am
from the above pictures, if nothing happens to push price accross the 5day ATR line then it may be another sell basket ahead,
but if the daily TF holds its up bounce from daily HAS then more up we go...

lets fold our hands and watch whichever way it goes xo would give us the hint



kos
Attached Image (click to enlarge)
Click to Enlarge Name: d1.png Size: 53 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #6,787
  • Jan 21, 2014 1:26am Jan 21, 2014 1:26am
Alright then. Thanks Kos.

Am comfortable with closing my trades at this point. 5.59% profit for 2 trades (H1 & H4) is MORE than enough...for now.

So I'll do what I learnt from you...

I've zoomed into the M15 and placed my binoculars thereupon. We'll soon see wag'wan man.

Notice the M15 XO signal reads 7/7 and the "decision point" where the M240 trend intersects with my initial targets is still up-coming.

Regards,

Ty
Attached Image (click to enlarge)
Click to Enlarge Name: bts-m15binoculars.png Size: 69 KB
My job: I speculate and manage risk.
  • #6,788
  • Jan 21, 2014 7:59am Jan 21, 2014 7:59am
Quoting Bob_Loblaw
{quote} Nope, I don't use a stop loss. In my backtesting and the forward testing I've been doing. The average loss was 490 pips and those were very rare. Actually here are the results of one of the back-tests I recently did. July 1st to Jan 13th - 1500 XO Entry, 300 pip BE & 600 pip TP 66 Trades Entered 34 Wins of 600 pips *Trades that hit the 600 pip TP mark and then sitting out until the next XO change. 12 Losses 20 BE Trades *Trades that hit 300 pip mark and then retraced to opening position. *I consider BE trades to be winners too. Total Pips...
Hi Bob, i would like to know how you get this result? is it come from backtesting?
Thanks
  • #6,789
  • Jan 21, 2014 8:47am Jan 21, 2014 8:47am
hello people,

Its nice to see the pips rolling. A lot of common sense in this place. Just a heads up the USD has been up, for a while...
UP USD = UP USDJPY = UP YEN pairs

The one hour offline chart is also giving a long signal, but the USD is showing some weakness...I suspect this USD weakness wnt let the USDJPY climb up much and hence slow down whatever bullish moves the yen pairs may try...I am doing USD-pairs only for the long basket...

most forecasts are expecting the UJ to drop to 103 by the first quarter...Never believe any forecasts.....trade the charts...Many more pips to you all
Attached Image(s) (click to enlarge)
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It is possible to make large sums trading, small losses, large wins
  • #6,790
  • Jan 21, 2014 8:53am Jan 21, 2014 8:53am
Quoting omadivi
hello people, Its nice to see the pips rolling. A lot of common sense in this place. Just a heads up the USD has been up, for a while... UP USD = UP USDJPY = UP YEN pairs The one hour offline chart is also giving a long signal, but the USD is showing some weakness...I suspect this USD weakness wnt let the USDJPY climb up much and hence slow down whatever bullish moves the yen pairs may try...I am doing USD-pairs only for the long basket... most forecasts are expecting the UJ to drop to 103 by the first quarter...Never believe any forecasts.....trade...
Too LOOoooooooooong brother Omadivi - I miss your analysis!

The basket on the C14 M15 and M5 offlines are in a tiny channel - HENCHLY undecided (which I guess agrees with your analysis).

But as usual sir I'll WAIT for the charts to tell me where next to sow.

Thank you sir.

Regards,

Ty
My job: I speculate and manage risk.
  • #6,791
  • Jan 21, 2014 9:03am Jan 21, 2014 9:03am
Quoting TyLamai
{quote} Too LOOoooooooooong brother Omadivi - I miss your analysis! The basket on the C14 M15 and M5 offlines are in a tiny channel - HENCHLY undecided (which I guess agrees with your analysis). But as usual sir I'll WAIT for the charts to tell me where next to sow. Thank you sir. Regards, Ty
Hello Ty,

How you been? i rarely look at the M15 charts for signals, only re-entries or exits..Too much activity..
It is possible to make large sums trading, small losses, large wins
  • #6,792
  • Jan 21, 2014 10:54am Jan 21, 2014 10:54am
Got out of the long about an hour ago for +280 pips. Only because I was watching price action and it seems as though we've hit some pretty strong support. 1060 XO is showing a sell signal at the moment. I'll wait for the 1500 to turn per my rules.
Attached Image (click to enlarge)
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  • #6,793
  • Jan 21, 2014 11:27am Jan 21, 2014 11:27am
Quoting Bob_Loblaw
Got out of the long about an hour ago for +280 pips. Only because I was watching price action and it seems as though we've hit some pretty strong support. 1060 XO is showing a sell signal at the moment. I'll wait for the 1500 to turn per my rules. {image}
Good result.
Thanks to Kos.
  • #6,794
  • Jan 21, 2014 11:30am Jan 21, 2014 11:30am
Am already selling, anyone in this market?
  • #6,795
  • Jan 21, 2014 11:31am Jan 21, 2014 11:31am
Quoting Greenland
Am already selling, anyone in this market?

I will be in about 20 minutes.
  • #6,796
  • Jan 21, 2014 12:01pm Jan 21, 2014 12:01pm
No Short Entry for me on this H4 bar. I'll wait until the next bar.
Attached Image (click to enlarge)
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  • #6,797
  • Jan 21, 2014 12:04pm Jan 21, 2014 12:04pm
Quoting omadivi
{quote} Hello Ty, How you been? i rarely look at the M15 charts for signals, only re-entries or exits..Too much activity..
Correct Omadivi - that's WHY I zoomed into them because it wasn't "clear" what the basket index wanted to do (to go down or continue up).

I don't trade based off of the M15 or M5 o - wia the time?

Regards,

Ty
My job: I speculate and manage risk.
  • #6,798
  • Jan 21, 2014 12:12pm Jan 21, 2014 12:12pm
Quoting Greenland
Am already selling, anyone in this market?
Yes I am - on the H1. T101 triggered a trade while I was on my way home from work.

Let's see how this pans out.

Ty
My job: I speculate and manage risk.
  • #6,799
  • Jan 21, 2014 12:13pm Jan 21, 2014 12:13pm
Quoting Bob_Loblaw
No Short Entry for me on this H4 bar. I'll wait until the next bar. {image}
Congrats on the 280 pips Bob. Let's hope the next trade brings a bountiful pip-wave.

Ty
My job: I speculate and manage risk.
  • #6,800
  • Jan 21, 2014 12:23pm Jan 21, 2014 12:23pm
Quoting omadivi
...UP USD = UP USDJPY = UP YEN...
Omadivi please could we have more of these formulas?

For example is the reverse also true:

DOWN USD = DOWN USDJPY = DOWN YEN PAIRS?

What formula would then represent a basket index that is going no where?...

Hope am making sense?

Thanks,

Ty
My job: I speculate and manage risk.
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