Jem's Uber Basket Trading Thread

[cmeade2]

Here is mine on Cowboy IBFX US. Exactly the same as Jem's.

Is that on the D1 timescale?

[forexripper]

any one looking to short GBPAUD, GBPNZD, EAUD, ENZD considering when it touches the MA 5.1 on H4. D1 slopes are still healthy for them. The only bad part of these pairs is that on D1 they are touching MA 5.1 which is range as per 10.2 definitions.

Please advise

[cmeade2]

Here is mine on Cowboy IBFX US. Exactly the same as Jem's.

Is that on the D1 timescale?

OK I have two Empty4 accounts on 2 different time zones (GMT +3 and US EST) and I can see where the differences come from. The biggest difference is the EURUSD which is -0.89 on EST and -0.74 on GMT +3.

[harry45]

Cowboy Go Markets(Europe, GMT+2)

[garyfritz]

Something is screwy here. This is a new Cowboy IBFX US demo. I just ran LoadHistory so it should have full and complete history on all symbols. Why so different from Armen's Cowboy IBFX US !?

[spyderman]

Something is screwy here. This is a new Cowboy IBFX US demo. I just ran LoadHistory so it should have full and complete history on all symbols. Why so different from Armen's Cowboy IBFX US !?

Gary,

Are you on the daily TF?

[harry89]

any one looking to short GBPAUD, GBPNZD, EAUD, ENZD considering when it touches the MA 5.1 on H4. D1 slopes are still healthy for them. The only bad part of these pairs is that on D1 they are touching MA 5.1 which is range as per 10.2 definitions.

Please advise

Would wait for the candle close and reassess then.

[forexripper]

any one looking to short GBPAUD, GBPNZD, EAUD, ENZD considering when it touches the MA 5.1 on H4. D1 slopes are still healthy for them. The only bad part of these pairs is that on D1 they are touching MA 5.1 which is range as per 10.2 definitions.

Please advise

Would wait for the candle close and reassess then.

But that is not how Jem recommends I guess. He waits for retrace and then touch of MA 5.1 he enters. Right Jem?

[Jemook]

GBPAUD,EURNZD,AUDCHF,NZDCHF,EURAUD (and maaaaybe GBPNZD if it goes below -.4) all look good for a re-entry into trend when they touch the 5.1 MA. I'm going to sleep now so no baskets for me. Good luck.

[harry89]

any one looking to short GBPAUD, GBPNZD, EAUD, ENZD considering when it touches the MA 5.1 on H4. D1 slopes are still healthy for them. The only bad part of these pairs is that on D1 they are touching MA 5.1 which is range as per 10.2 definitions.

Please advise

Would wait for the candle close and reassess then.

But that is not how Jem recommends I guess. He waits for retrace and then touch of MA 5.1 he enters. Right Jem?

Yeah, just in this situation, given the price action - euraud, for instance, could be reverse H&S forming, would be careful to confirm that it is not that before looking for another downside move even though the slope continues to favor the downside, just my two cents...but, Jem has more experience and sounds like he would take it on the touch, so maybe that's best.