Jem's Uber Basket Trading Thread

[RockyJ]

News event, U.S. Home Sales in 25 minutes..

10 a.m. est

[kelisa]

Some pairs look like done retracing, but I am taking no chance. Expecting further retrace over next day too..imo

Gosh! Retrace further on wednesday even further. On the side for a while now....

[Jemook]

So how do you know it's going to pull back after +300 instead of just continuing? If you bank pips at +250, then you'll miss the rest of the move if it keeps going to +600 without a pullback. Or do you assume it will always/usually have a false start after a pullback?

You don't I'm just making a case for banking profits when you see them rather than employing breakeven tactics. You shouldn't be scared to be stopped out here and there if your baskets are hitting TP more often than not. Especially if you are risking a low % per basket and especially if you work out how to bump up the R:R.

PS thanks for your help with the stock imports. Thanks to you I worked out how to massage the results into the Empty4 format but I still couldn't get it uploaded to the darn thing and working. Oh well, was just for fun!

[cmeade2]

Some pairs look like done retracing, but I am taking no chance. Expecting further retrace over next day too..imo

Gosh! Retrace further on wednesday even further. On the side for a while now....

Most of the action was around the London open. Not clear how much further it will go.

[nonlinear]

I reentered based on the latest bounce during the NY session, but will look to take profit rather than hold.

[cmeade2]

I reentered based on the latest bounce during the NY session, but will look to take profit rather than hold.

"reentered" as in going in the direction of the basket based on the D1 TMA slopes (e.g, short Eu/Usd)?

[kelisa]

DP, WP getting jumbled up. No no for me. Good luck nonlinear

[cmeade2]

DP, WP getting jumbled up. No no for me. Good luck nonlinear

Also if you look at Neo's TMA CSS-SP for the Eu/USD you see it recently crossed below 0 on the M15 while the H1 is above +0.8 Very confusing.

[kelisa]

DP, WP getting jumbled up. No no for me. Good luck nonlinear

Also if you look at Neo's TMA CSS-SP for the Eu/USD you see it recently crossed below 0 on the M15 while the H1 is above +0.8 Very confusing.

Yup cmeade, once they are not align, I 'll just go watch a movie. btw, hows batman?

[cmeade2]

DP, WP getting jumbled up. No no for me. Good luck nonlinear

Also if you look at Neo's TMA CSS-SP for the Eu/USD you see it recently crossed below 0 on the M15 while the H1 is above +0.8 Very confusing.

Yup cmeade, once they are not align, I 'll just go watch a movie. btw, hows batman?

haven't seen it.