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Jem's Uber Basket Trading Thread
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=640		 Page 12 of 112
Author:  Jemook [ Wed Jun 27, 2012 1:50 pm ]
Post subject:  Re: Jem's Uber Basket Trading 10.2 Thread
The_Snowman wrote:Some good moves happening, I think you left party too early, and some USD news in 15 mins.
I 'pretend closed' there to lock in profit which is what i would do usually. I'm still leaving baskets open to test what max profit and max loss per basket is.
effluvium wrote:
Jemook wrote:Here we go! Who's in with me?
Jemook, All I notice for AUDCHF, AUDJPY and AUDCAD that the condition (their Slopestrength = 0.8 or more) is not yet filled, so do you make some exceptions sometimes to this rule ? Could you explain this aspect ? Thanks
All those pairs are in an uptrend and above .04 there's still room up especially back to the weekly pivots in AUDCAd and AUDJPY. AUDCHF has M/W/D pivots in order so especially that one is in my basket when it bounced off the daily pivot.
Author:  spyderman [ Wed Jun 27, 2012 1:51 pm ]
Post subject:  Re: Jem's Uber Basket Trading 10.2 Thread
Jemook wrote:Here we go! Who's in with me?

Jemook,

Wanted to make sure I'm getting your strategy here. It appears on your orders that you are not requiring daily pivot to be above weekly on longs and vice-versa. Is that correct? Are you concentrating on the bounce of the daily/5ma and not really watching on the pivot order? Can't argue with your results. :)

Thanks,
Author:  Jemook [ Wed Jun 27, 2012 2:05 pm ]
Post subject:  Re: Jem's Uber Basket Trading 10.2 Thread
spyderman wrote:
Jemook wrote:Here we go! Who's in with me?

Jemook,

Wanted to make sure I'm getting your strategy here. It appears on your orders that you are not requiring daily pivot to be above weekly on longs and vice-versa. Is that correct? Are you concentrating on the bounce of the daily/5ma and not really watching on the pivot order? Can't argue with your results. :)

Thanks,
I wrote on my first post under extra notes that pivot order is good but not essential. Here is some gold for you about pivots:

In a buy the best trades are when (from bottom to top) monthly, weekly, daily.
In a buy you can still get good trades when it is (bottom to top) monthly, daily, weekly. trade the daily cross/bounce back to the weekly pivot. if it crosses the pivot hold your trades. if it bounces back down get out.
2012-06-28 12.08.43 am.png
That screenshot tells an awesome story. Here it is:

AUDJPY crossed above daily and still has to get to the weekly pivot. hold it.
AUDCAD crossed above daily and is crossing above weekly pivot. hold that shit. if it bounces get out.
AUDUSD/NZDUSD hovering under the pivot hasn't really moved. i closed them just now before the news.
NZDCHF has crossed WR1 is heading to MR2. Trending strongly on TMA so hold it it's going up.
AUDCHF crossed WR1. Pivots in order. Aim for WR2.
NZDJPY is going back to the weekly pivot. Nice TMA will probably hold that too.
EURNZD will hold for MS2
GBPNZD will hold for WS1
EURAUD aim for WS2

I'm also noticing that the H1 CSS bands indicator at the bottom of some of the pairs are converging. Now might be a good place to get out. Let's see if the profits dip from here.

That's how you trade 10.2. The basket is just getting us all in at once at the perfect time to capture these moves.
Author:  spyderman [ Wed Jun 27, 2012 2:20 pm ]
Post subject:  Re: Jem's Uber Basket Trading 10.2 Thread
Jemook wrote:
I wrote on my first post under extra notes that pivot order is good but not essential. Here is some gold for you about pivots:

In a buy the best trades are when (from bottom to top) monthly, weekly, daily.
In a buy you can still get good trades when it is (bottom to top) monthly, daily, weekly. trade the daily cross/bounce back to the weekly pivot. if it crosses the pivot hold your trades. if it bounces back down get out.

Thanks for the insight Jemook. That will help a lot. I've posted some trades along these lines on the 10.2 trades thread as I've not tackled the basket yet. :?
Author:  Jemook [ Wed Jun 27, 2012 2:33 pm ]
Post subject:  Re: Jem's Uber Basket Trading 10.2 Thread
spyderman wrote:Thanks for the insight Jemook. That will help a lot. I've posted some trades along these lines on the 10.2 trades thread as I've not tackled the basket yet. :?
You seem to be doing well. My advice to you is keep doing what you are doing and learn 10.2 then try this or another technique out. Knowing 10.2a and 10.2 back to front is the best investment you will ever make in trading. This is just my way of trading it.
Author:  effluvium [ Wed Jun 27, 2012 3:02 pm ]
Post subject:  Re: Jem's Uber Basket Trading 10.2 Thread
Jemook wrote:
effluvium wrote:
Jemook wrote:I'll reply when I get home but just letting you know I closed my basket for +200 pips.
If for whatever reason you'd decide to found a signal services, let me know and I will be your first subscriber for whatever price you'll ask.
Lol cheers mate but there will be no need. Just follow along and you can learn to do it yourself.
Yes, we could fully benefit if we could follow you at the right time. Just notice : Your trades were triggered at 5:40 AM, and they were posted later, so prices have already made their move.
It would be great if (it is possible 4 you) you could post the trades as earlier as you were taken them.
Author:  Jemook [ Wed Jun 27, 2012 3:44 pm ]
Post subject:  Re: Jem's Uber Basket Trading 10.2 Thread
Currently up 500 pips for tonights open trades. Not bad for one session. Anyway guys, pips don't mean anything. It all comes down to your money management. This is the next code I'm going to crack and then I'm done and going live.
Author:  kelisa [ Wed Jun 27, 2012 3:54 pm ]
Post subject:  Re: Jem's Uber Basket Trading 10.2 Thread
Jem - Are u one more strike b4 you do your dance? :lol:
Author:  kelisa [ Wed Jun 27, 2012 3:55 pm ]
Post subject:  Re: Jem's Uber Basket Trading 10.2 Thread
Did u get a 200pip DD on this basket? :shock:
Author:  feucht [ Wed Jun 27, 2012 4:01 pm ]
Post subject:  Re: Jem's Uber Basket Trading 10.2 Thread
Remember this was across 11 pairs I think, so AdaptivePipsSL would not have been hit even at a lowly setting of 20.
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