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Still Basketting

  • #6,941
  • Jan 30, 2014 2:15pm Jan 30, 2014 2:15pm
Quoting TyLamai
{quote} Ahhh...BE??? Howz that possible? The Buy basket hasn't gone anywhere yet...how many pips is your BE set at? What XO are you using? Am just surprised that your basket has BE'd. Ty NB:...Okay I see your settings on your chart: BE = 200 pips (i think)...interesting...I can't remember seeing this buy basket getting that high...oh well.
download protectaccount and put in expert folder.

here u can put ur SL,TP and BE

cheers
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #6,942
  • Jan 30, 2014 2:30pm Jan 30, 2014 2:30pm
Quoting TyLamai
{quote} Ahhh...BE??? Howz that possible? The Buy basket hasn't gone anywhere yet...how many pips is your BE set at? What XO are you using? Am just surprised that your basket has BE'd. Ty NB:...Okay I see your settings on your chart: BE = 200 pips (i think)...interesting...I can't remember seeing this buy basket getting that high...oh well.
Yeah Ty, I protect the trade at 200 pips, leaving 30 pips at least in green. My target is allways 450 pips (two wons this weak...), shorter than the usual round here. Basically I'm following Travis strategy with a shorter TP. I only enter when both XO_1500 and 1060 change the colour.

Anyway, this is just my test in demo account, at the moment results are ok. Let's see.


salut
Toni
  • #6,943
  • Jan 30, 2014 2:36pm Jan 30, 2014 2:36pm
Quoting tnavi
{quote} download protectaccount and put in expert folder. here u can put ur SL,TP and BE cheers
No tnavi am NOT talking about HOW to set BE - am referring to the possibility of PRICE having moved as MUCH as 200pips upwards in this particular buy. My BE is set for 300 so I won't be surprised but I just did NOT think that price even made it as far as 200 pips yet.


Quote
Yeah Ty, I protect the trade at 200 pips, leaving 30 pips at least in green. My target is allways 450 pips (two wons this weak...), shorter than the usual round here. Basically I'm following Travis strategy with a shorter TP. I only enter when both XO_1500 and 1060 change the colour.

Nice.


Ty
My job: I speculate and manage risk.
  • #6,944
  • Edited 4:03pm Jan 30, 2014 4:02pm | Edited 4:03pm
8 hours after Buy basket triggered and IXO1060 on the C14 is still holding on. There was a period when I thought this would have flipped to a sell. Still waiting to see where this one goes.

Will be back in 8 hours time to check.

Rest easy folks.

Ty
My job: I speculate and manage risk.
  • #6,945
  • Jan 30, 2014 4:24pm Jan 30, 2014 4:24pm
On my IBFX US account, the 1060 XO on 14 pair chart has stayed red all day. It switched from red to green and back to red before the close of the previous one, but has not closed green yet. Funny how different the broker feeds can be.

Ed
  • #6,946
  • Jan 30, 2014 8:26pm Jan 30, 2014 8:26pm
Quoting Bubba_1
On my IBFX US account, the 1060 XO on 14 pair chart has stayed red all day. It switched from red to green and back to red before the close of the previous one, but has not closed green yet. Funny how different the broker feeds can be. Ed
I also use IBFX US, Ed. That's my live account broker. My charting broker is FXPro. It's crazy how different the two are as far as signals go. I back-tested IBFX with the same parameters as my FXPro back-test, and the difference in the results were astounding. Basically, I can't trust IBFX for charting. FXPro is totally tubular.
  • #6,947
  • Jan 30, 2014 9:04pm Jan 30, 2014 9:04pm
Travis,
I have been watching the XO signals on IBFX. It looks like it will be profitable, but I will compare it to FXPro. I just got the T101 EA to take trades today. I am trying it on a IBFX live penny account. Will report how it goes.

Thanks for your input

Ed
  • #6,948
  • Jan 30, 2014 9:06pm Jan 30, 2014 9:06pm
Quoting Bob_Loblaw
{quote} I also use IBFX US, Ed. That's my live account broker. My charting broker is FXPro. It's crazy how different the two are as far as signals go. I back-tested IBFX with the same parameters as my FXPro back-test, and the difference in the results were astounding. Basically, I can't trust IBFX for charting. FXPro is totally tubular.
Bob, FXPro is better for chatting because it is New York Close

Why New York Close candles?
These New York Close (NYC) candles give 1 true 24-hour session’s worth of data. NYC candles open
when Sydney markets open at the beginning of the week, and close when New York Closes. So one
daily candle is a true representation of what happened during that entire session. This gives 5 daily
bars per week, with no weekend/Sunday candles. You can still trade through whatever broker you
like, the important thing is to make all of your trading decisions based on analysis of NYC candles. I
have a New York Close broker terminal open for charting, and then I switch over to my
main broker’s terminal for placing orders. Easy!
  • #6,949
  • Jan 30, 2014 9:42pm Jan 30, 2014 9:42pm
Quoting Bubba_1
Travis, I have been watching the XO signals on IBFX. It looks like it will be profitable, but I will compare it to FXPro. I just got the T101 EA to take trades today. I am trying it on a IBFX live penny account. Will report how it goes. Thanks for your input Ed
No, absolutely, Ed. I think you'd be fine with IBFX charting, but that 2 hour difference in H4 bars, I think, makes a big difference in how signals are painted.
-Travis
  • #6,950
  • Jan 30, 2014 9:42pm Jan 30, 2014 9:42pm
Quoting IgumzFx
{quote} Bob, FXPro is better for chatting because it is New York Close Why New York Close candles? These New York Close (NYC) candles give 1 true 24-hour session’s worth of data. NYC candles open when Sydney markets open at the beginning of the week, and close when New York Closes. So one daily candle is a true representation of what happened during that entire session. This gives 5 daily bars per week, with no weekend/Sunday candles. You can still trade through whatever broker you like, the important thing is to make all of your trading decisions...
Right on, Igu.
  • #6,951
  • Jan 31, 2014 1:58am Jan 31, 2014 1:58am
Quoting TyLamai
8 hours after Buy basket triggered and IXO1060 on the C14 is still holding on. There was a period when I thought this would have flipped to a sell. Still waiting to see where this one goes. Will be back in 8 hours time to check. Rest easy folks. Ty
C14 XO1060 Buy Basket took a hit. By the time I woke up this morning t101 had flipped into a Sell Basket.

Same as my C5 XO555 Buy Basket.

Let's see how this week would end.

Regards,

Ty
My job: I speculate and manage risk.
  • #6,952
  • Edited 2:19am Jan 31, 2014 2:03am | Edited 2:19am
Quoting TyLamai
{quote} C14 XO1060 Buy Basket took a hit. By the time I woke up this morning t101 had flipped into a Sell Basket. Same as my C5 XO555 Buy Basket. Let's see how this week would end. Regards, Ty
One must still understand Price Action to analyze the offline chart using Support/Resistance, Trendline and channel for possible rejection, reversal and continuation patterns.

Am new to basket trading
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  • #6,953
  • Jan 31, 2014 3:01am Jan 31, 2014 3:01am
Quoting TyLamai
{quote} No tnavi am NOT talking about HOW to set BE - am referring to the possibility of PRICE having moved as MUCH as 200pips upwards in this particular buy. My BE is set for 300 so I won't be surprised but I just did NOT think that price even made it as far as 200 pips yet. {quote} Nice. Ty
I'm sorry Ty! Now I see that you were right. I forgot to mention that I entered 40 minutes before the H4 candle closed, when price were 120 pips down. So, I broke my rules in this case just because I saw there was a reaction and the colour change should be for sure. This allowed me to close BE.


Still this strategy is a work in progress, but I want to have a few and non subjective rules and follow it. That's all.


Toni
  • #6,954
  • Jan 31, 2014 5:20am Jan 31, 2014 5:20am
Quoting TyLamai
{quote} C14 XO1060 Buy Basket took a hit. By the time I woke up this morning t101 had flipped into a Sell Basket. Same as my C5 XO555 Buy Basket. Let's see how this week would end. Regards, Ty
for 1500 you should be RED now due to very late entries
while 1060 may end the week BE or slightly GREEN


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #6,955
  • Edited 5:45am Jan 31, 2014 5:32am | Edited 5:45am
Friends, observe the xo now,
you will see that as price came to the same level, xo is not showing the same corresponding depth or step.
xo has diverged from price and its saying something to the trader, "slow down please am no longer in sync with price, he has lost momentum!"
"price is going too far away from HAS it needs to go take support from HAS again"

they say indicators only tell the past, half truth! if you look well there are those that lead the way.

time again will tell


kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #6,956
  • Jan 31, 2014 5:38am Jan 31, 2014 5:38am
short in BE, traling 30%...

http://charts.mql5.com/3/748/kos-14-...ri-limited.png
  • #6,957
  • Jan 31, 2014 5:52am Jan 31, 2014 5:52am
the loss from the long is almost settled now, any attempt by price to mess up now, I will snatch the profit and walk away.
he who fights and runs away they say, lives to fight another day.

and end the week +2k green pips

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #6,958
  • Jan 31, 2014 6:01am Jan 31, 2014 6:01am
Quoting IgumzFx
{quote} One must still understand Price Action to analyze the offline chart using Support/Resistance, Trendline and channel for possible rejection, reversal and continuation patterns. Am new to basket trading {image} {image} {image}
very correct, those are basic things a trader is expected to know

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #6,959
  • Jan 31, 2014 7:16am Jan 31, 2014 7:16am
Quoting Kosomolate
{quote} for 1500 you should be RED now due to very late entries while 1060 may end the week BE or slightly GREEN kos
Kos I didn't use 1500 again after the last time. I employed 1060 which as you now know has hit my C14 600pips TP & (AND!) my C5 300pips x 2 TP.

So all in all I have banked 600 + 300x2 pips = 1200pips! Not bad for 1days "work" (in quotes because I was even AWAY from my laptop when ALL this occured - deftly handled by my favourite assistant: t101).

If I subtract the loses of the immediate last buy basket, I still come out on top!

Thank you sir.

Ty
My job: I speculate and manage risk.
  • #6,960
  • Jan 31, 2014 7:19am Jan 31, 2014 7:19am
Quoting TyLamai
{quote} Kos I didn't use 1500 again after the last time. I employed 1060 which as you now know has hit my C14 600pips TP & (AND!) my C5 300pips x 2 TP. So all in all I have banked 600 + 300x2 pips = 1200pips! Not bad for 1days "work" (in quotes because I was even AWAY from my laptop when ALL this occured - deftly handled by my favourite assistant: t101). If I subtract the loses of the immediate last buy basket, I still come out on top! Thank you sir. Ty
waiting to hit tp..ixo 1500

http://charts.mql5.com/3/749/kos-14-...-limited-3.png
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