Jem's Uber Basket Trading Thread

[harry89]

1/2 day today for the US mkts, gonna be slow.

[harry89]

Just dropped the AudCad out of the basket - Crude is on a mission today.

[Jemook]

I've got a stop under the last low too. Nice work. basket is +130 pips now.. C'mon zoom up already so I can go to bed.

[moed-fx-lhox]

Hi Jem, you're right..
after in red since the morning ( I reside in Indonesia)
my basket getting green and green now...

[forex.rapheal]

hi again,
should we use variable lot size based on % of the capital rather than a fixed lot size? the fixed lot size implies the risk may be increased if we trade more in the basket in this case.

[Jemook]

hi again,
should we use variable lot size based on % of the capital rather than a fixed lot size? the fixed lot size implies the risk may be increased if we trade more in the basket in this case.

I haven't discussed too much on money management but I will be using a % risk of capital for each basket. It sounds like you already know how to do this, correct?

[harry89]

Yeah, Jamook, using a stop under that laggard makes a lot more sense. The basket is starting to perform now.

[Jemook]

Yup going to sleep now. Hoping to wake up to a bowl of demo gold by my feet.

[harry89]

We'll make it happen.

[spyderman]

For shits and giggles check this out. almost 100% correlation between the upward movement of NZDCHF and downward movement of EURNZD.

The first chart is the NZDCHF. The second chart is the EURNZD. The third is the EURNZD flipped horizontally and overlayed on top of the NZDCHF. Even the pivots are almost identical. This is because EURCHF is so flat. Pretty cool to see if your like correlation

2012-07-03-11.16.jpg

Which raises a question I've been wondering about but too lazy to research...
Why is the E/F so flat. I'm not to big on fundamentals.