Jem's Uber Basket Trading Thread

[Jemook]

Where did my post go? I'm up 600 pips on open trades now.. Hang on it just jumped to 700 pips.

700 pips in under 24 hours? No biggie..

2012-06-28 10.32.02 am.png

[spyderman]

Way to go Jemook,

I guess I'm somewhat of a closet basket trader...

I have many of the same trades (where the spread allows me) but I'm placing them manually. Makes me feel good knowing I'm reading similar to yours though.

[Jemook]

Fok your basket is incorrect if you are trading it as per my rules. Your trades should be triggered way earlier when they touched the bue MA or bounced off the pivots

[garyfritz]

Jem, you show setups/pivots on either the 5.1 or the daily pivot. How do you decide which?

Looking e.g. at AUDCAD, it pulled back and went below both 5.1 and pivot about a week ago. It touched the 5.1 at about 1.0334 on 22 June, but if you'd entered there you would have taken about a 57 pip DD before it finally turned. If you waited for it to cross the daily pivot, you'd have entered sometime on 26 June with very little DD.

If I read your posts right, you took the entry on 22 June, and that was your only recent losing basket. Then you kept hitting it each day and pulled out several winning baskets. Right? So how did you decide between 5.1 and pivot?

[Jemook]

Jem, you show setups/pivots on either the 5.1 or the daily pivot. How do you decide which?

Looking e.g. at AUDCAD, it pulled back and went below both 5.1 and pivot about a week ago. It touched the 5.1 at about 1.0334 on 22 June, but if you'd entered there you would have taken about a 57 pip DD before it finally turned. If you waited for it to cross the daily pivot, you'd have entered sometime on 26 June with very little DD.

If I read your posts right, you took the entry on 22 June, and that was your only recent losing basket. Then you kept hitting it each day and pulled out several winning baskets. Right? So how did you decide between 5.1 and pivot?

5.1 is the 10.2 way of re-entering trend.
Daily pivot cross/boounce is the 10.2a way of re-entering trend.

I have specified that both are ok as long as either/or is happening at the same time for most of the watch pairs.

For instance audcad might touch the 5.1 while audusd crosses above the daily pivot and audjpy bounces up from the pivot all at the same time. You'll see in my rules these are all acceptable forms of triggers but they have to happen across the board on most of the pairs. When you see any of the triggers happening at the same time then the market is moving in tandem and is telling you that shit is about to go down, so pop a basket on.

[NeoTrader]

hi jemook,

Where did my post go? I'm up 600 pips on open trades now.. Hang on it just jumped to 700 pips.
700 pips in under 24 hours? No biggie..

You greedy little punk...

Congratulations to another nicely executed Trade...

happy trading,

NeoTrader

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[Jemook]

Looks like no trades today using this system. Great week for the baskets! I hope anyone following along scored some nice pippage.

[hansnl]

Looks like no trades today using this system. Great week for the baskets! I hope anyone following along scored some nice pippage.

Yes Jemook I follow everything here a few times a day, but did trade your trading ideas manually with nice results..
Also busy with my own easy to look at template completely adopted the "NN10.2 Jemook turbo sys".
The more I implement your way of trading the more I like it, thanks for your detailed info..

So I dont understand that people would like to join any signalservice as the only way to go is to implement in your own trading model the outstanding tools you and Bob, Balouda and Steve deliver

Thanks again for sharing
enjoy your trading

Hans..

[garyfritz]

For instance audcad might touch the 5.1 while audusd crosses above the daily pivot and audjpy bounces up from the pivot all at the same time. You'll see in my rules these are all acceptable forms of triggers but they have to happen across the board on most of the pairs. When you see any of the triggers happening at the same time then the market is moving in tandem and is telling you that shit is about to go down, so pop a basket on.

Gotcha. Tnx for the clarification!

[forex.rapheal]

Jemook,
Excellent trading basket. Can we place limit order instead of market order as I want to trade with 10/20 pips when it retraces (same direction as you propose)? It may make a lot of difference if we are not right.
Regards,