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Basket Trading EA

  • #6,421
  • Dec 1, 2014 12:54pm Dec 1, 2014 12:54pm
Quoting Smknyc
{quote} Thank you Seller9 Here is the EURUSD example. This screenshot will answer some of your ( PM ) entry questions. {image}
Thanks for the clarification Sam!

In the above example, would you mind to show me on the chart where exactly did you enter and exit the trade?

And I am also not sure about the conservative and agressive entry. Do you trade it in opposite direction, when the price touch support or the trend line?
Don't ever let somebody tell you... You can't do something.
  • #6,422
  • Dec 1, 2014 1:57pm Dec 1, 2014 1:57pm
Hey Paul, thanks for your valuable insights, this is priceless info from your side!
Yesterday I made the same core split has you did, I am happy!

I have a question for you, if we have for example 2 Core pairs with the same level of strength in that moment, and if there are red news coming for one of them should we always opt for the one with high impact news instead of the other? How does the news release reflect in basket trading? My concern is the whipsaw effect

Green fatty pips to all!
Live with no regrets
  • #6,423
  • Dec 1, 2014 6:24pm Dec 1, 2014 6:24pm
Quoting Smknyc
{quote} No worries ask as many as you like. Look at my previous post on Aggressive and Conservative entry. You done good. Cheers
Sam, thanks for your trading guidance...I'm looking forward more interesting basket trading strategics and updates from you in this forum.
All the best!!
  • #6,424
  • Dec 1, 2014 7:26pm Dec 1, 2014 7:26pm
Core split 2/4
gbpusd - eurusd
audusd - nzdusd - usdcad - usdjpy
Trading is Methodical - Markets are Emotional
  • #6,425
  • Dec 1, 2014 9:27pm Dec 1, 2014 9:27pm
Is anyone else having the issue with baskets swapping names or changing names to other baskets?
I'm not sure what to do to fix this problem.
  • #6,426
  • Dec 1, 2014 9:35pm Dec 1, 2014 9:35pm
Quoting Smknyc
Core split 2/4 gbpusd - eurusd audusd - nzdusd - usdcad - usdjpy
Hi Sam,

why GU, EU is in L1?
It seem like very significant up from chart, did I understand wrongly?
please advice.
  • #6,427
  • Edited Dec 2, 2014 12:21am Dec 1, 2014 10:27pm | Edited Dec 2, 2014 12:21am
Quoting rixon227
{quote} Hi Sam, why GU, EU is in L1? It seem like very significant up from chart, did I understand wrongly? please advice.
I will let SMK answer your why question. My trade results after SMK CORE SPLIT POST.

Paul
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Trading is Methodical - Markets are Emotional
  • #6,428
  • Dec 2, 2014 3:57am Dec 2, 2014 3:57am
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Quoting Smknyc
{quote} Personal preference and for very good reason Low liquidity USDCHF moved 72 pips since opening . For me its all about the R.O.I. You dont have to trade million pairs to meet your daily target. Cheers
Hi Sam . I have drawn the trend lines. Pls correct me
  • #6,429
  • Dec 2, 2014 4:10am Dec 2, 2014 4:10am
Quoting kasrafx
{image}{image}{quote} Hi Sam . I have drawn the trend lines. Pls correct me
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  • #6,430
  • Dec 2, 2014 4:40am Dec 2, 2014 4:40am
Hi all,

Anyone can help on this?
It only happen on USD pairs currency.

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  • #6,431
  • Dec 2, 2014 5:19am Dec 2, 2014 5:19am
Quoting Hlyong
Hi all, Anyone can help on this? It only happen on USD pairs currency. 1563101 {image}
Hi Hlyong,

Some times you get so much wicks like that when few of the pairs in the basket diverge and don't got together that much. Also, happens when there are too much indecision in your chosen pairs. Better to put fewer pairs in a basket.

Just a thought and all the best.
Born to rule my Economic World and Make a Difference!
  • #6,432
  • Edited 7:39am Dec 2, 2014 6:53am | Edited 7:39am
Quoting rixon227
{quote} Hi Sam, why GU, EU is in L1? It seem like very significant up from chart, did I understand wrongly? please advice.

  1. Here is the answer to your WHY..
  2. Pick and choose the pairs smart money is trading be selective and keep your basket GREEN.
  3. Stay away from low liquidity pairs.
  4. PLEASE GO BACK AND CHECK MY PREVIOUS POSTS FOR ANSWERS. THIS IS THE LAST TIME I'M GOING TO EXPLAIN/POST SCREENSHOT'S.

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Trading is Methodical - Markets are Emotional
  • #6,433
  • Edited 9:43am Dec 2, 2014 8:00am | Edited 9:43am
PM Replies:

 

  1. No I am not interested in providing signals
  2. No indicators - trend lines - channels etc drawn manually. Make some effort to learn you will thank yourself one day that you did.
  3. SL/TP = Depends on traders RISK/REWARD tolerance and target.
  4. Can you teach me how to make core selection ( look at my previous core selection learn from that open charts spend sometime it will come to you)
  5. How do you pick which pairs to trade - Just as I pick my core ( if you don't understand the core you are wasting your time and energy )
  6. When do you trade - Look at my previous post / screenshot's
  7. Do you let EA open close manage trades - NO
  8. Whats your XO and HAS settings - I don't use them. You can follow other fellow traders on this thread and there charts / indicator settings.
  9. Can you recommend a broker - NO
  10. Paul is my intern and a full time college student. he fills in the blanks when I'm away, he's been trading live for the past 3 months.
    He has daily, weekly, monthly goals. Which he achieves with discipline day after day week after week.

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Trading is Methodical - Markets are Emotional
  • #6,434
  • Dec 2, 2014 8:33am Dec 2, 2014 8:33am
EURUSDH4
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Trading is Methodical - Markets are Emotional
  • #6,435
  • Dec 2, 2014 8:53am Dec 2, 2014 8:53am
nyc session 12-2-2014

reason to trade SAM/Paul analysis
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  • #6,436
  • Dec 2, 2014 9:05am Dec 2, 2014 9:05am
Quoting hukam
nyc session 12-2-2014 reason to trade SAM/Paul analysis {image}
Keep up the good work brother, this is all you mate we can't take credit for your hard work and dedication.
One successful trader at a time.

More green pips to you.
Cheers
Trading is Methodical - Markets are Emotional
  • #6,437
  • Dec 2, 2014 9:11am Dec 2, 2014 9:11am
Time to cash in some chips. Don't you just love when the plan comes together?
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Trading is Methodical - Markets are Emotional
  • #6,438
  • Dec 2, 2014 9:47am Dec 2, 2014 9:47am
Quoting Smknyc
PM Replies: No I am not interested in providing signals No indicators - trend lines - channels etc drawn manually. Make some effort to learn you will thank yourself one day that you did. SL/TP = Depends on traders RISK/REWARD tolerance and target. Can you teach me how to make core selection ( look at my previous core selection learn from that open charts spend sometime it will come to you) How do you pick which pairs to trade - Just as I pick my core ( if you don't understand the core you are wasting your time and energy ) When do you trade - Look...
Do use any automated tool to manage trades?
  • #6,439
  • Dec 2, 2014 9:50am Dec 2, 2014 9:50am
Quoting Smknyc
{quote} Here is the answer to your WHY.. Pick and choose the pairs smart money is trading be selective and keep your basket GREEN. Stay away from low liquidity pairs. PLEASE GO BACK AND CHECK MY PREVIOUS POSTS FOR ANSWERS. THIS IS THE LAST TIME I'M GOING TO EXPLAIN/POST SCREENSHOT'S. {image} {image} {image} {image}
Hello Smknyc, sorry to disturb you for a moment and big thanks in advance for your response:

CORE SELECTION or PAIRS SELECTION, which one is between 21:00 - 22:00 GMT. I mean what activity do you take in this time period. I am confused the sequence of your routine in the picture. After being confirmed this I surely will understand for the rest (activities with their time period in your pic).

Please not angry with me for this question. I need to clear it. Thanks Smknyc again.
  • #6,440
  • Dec 2, 2014 10:05am Dec 2, 2014 10:05am
Quoting Exciter135
{quote} Hello Smknyc, sorry to disturb you for a moment and big thanks in advance for your response: CORE SELECTION or PAIRS SELECTION, which one is between 21:00 - 22:00 GMT. I mean what activity do you take in this time period. I am confused the sequence of your routine in the picture. After being confirmed this I surely will understand for the rest (activities with their time period in your pic). Please not angry with me for this question. I need to clear it. Thanks Smknyc again.
CORE SELECTION
PA
TECHNICAL'S
FUNDAMENTALS
EVERY NOW THEN I ALSO SHAKE MY 8 BALL SMART DEVICE TO TRADE ( kidding )


I've taken over the entire previous page, don't want to get banned from posting on this thread. I will pause now until next time.

Cheers
Trading is Methodical - Markets are Emotional
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