Jem's Uber Basket Trading Thread

[Jemook]

Hi Jemook, Thank you for your clear explanations and how to trade efficiently 10.2
There's a little mistake in your Title. We should read here:

SHORT PAIRS (below - 0.8 on daily)

Thanks, fixed it.

Jemook, do you care how long / how far the market goes past the daily pivot or 5.1 MA? Does the H4 have to close past it, or do you just need one tick to poke past it, or...

With the daily pivot it's up to you. The 5.1 MA is good with just a touch.

When you say that the price must retrace to the daily pivot (both long and short trades), must it touch the pivot, or is there a threshold (say 10 pips away from the pivot) into which the price can venture? It's exactly these little details which will help when the (inevitable) new EA emerges.

It doesn't have to touch the pivot. We are looking for a retrace and then price stalling.

Your post 1 shows a genius for concise explanation. Only those of us who have started their own threads know how difficult this is to achieve - and I know I do not always succeed.

The way you have built upon Shelley's happy accidental find is breathtaking. Tomorrow, I shall be adding a link to this thread to my Welcome post and sending out a board-wide pm to ensure that everyone else is aware it is here. I have already made this a sticky.

Cheers for the support and kind words Steve

[Jemook]

On Friday I showed the Retracement Setup and the Trigger Setup and then I launched a basket and walked away from it. Here's how it's doing so far:

2012-06-24 11.55.47 am.png

That's 10/11 trades in the green. The point I want to make here is you could of traded each of these individually with the 10.2a rules but you'd have to micro manage the stop and limits for each one. Basket trading makes it so much easier to trade them all as one. Anyway it will be interesting to see what the Monday open does to it.

[Thunder123]

Nice Jem, I also took the same trade (after you posted it), but it got closed by the jumping stoploss at 75 pips, I think at one point it was at 180 pips. Still not bad

One possible idea for improvement: Maybe we can somehow remove highly correlated pairs from the basket (or even the slope indicator). This way we will have less pairs at a time, but perhaps we can increase our lot size in each. This way the movements may be more independent. Something to think about.

[fxozgirl]

TIJ, I was away from my computer when you started this thread on Thursday. Weds and Thurs entailed what is for me a lot of travel, so Friday went by in a blur of exhaustion. Today has been a concert day taken up with rehearsals and then the performance, so this is the first chance I have had to catch up.

Your post 1 shows a genius for concise explanation. Only those of us who have started their own threads know how difficult this is to achieve - and I know I do not always succeed.

The way you have built upon Shelley's happy accidental find is breathtaking. Tomorrow, I shall be adding a link to this thread to my Welcome post and sending out a board-wide pm to ensure that everyone else is aware it is here. I have already made this a sticky.

Thanks for everything you share with us here.

I agree...Jemook the amount of work & research you have put into this is fantastic
Thanks so much for your efforts!

[slowkey]

Great thread and well thought out ... I will set it up on my micro-account. Should be interesting to find out if I have the patience to trade like this. Nice one jemook

[JeffM]

Hi Jem and others, my first post and am finding your strategy very interesting and potentially very lucrative. I have been studying the NB 10.2 for a few days now and have seen reference to NB 10.2 a but I don't know where to find it. If someone can direct me to it that would be great. I am in Sydney, I see there are a few aussies here. Thanks.

[Jemook]

Hi Jem and others, my first post and am finding your strategy very interesting and potentially very lucrative. I have been studying the NB 10.2 for a few days now and have seen reference to NB 10.2 a but I don't know where to find it. If someone can direct me to it that would be great. I am in Sydney, I see there are a few aussies here. Thanks.

http://www.stevehopwoodforex.com/phpBB3 ... 769#p15769

I'll include it in the first post too.

[kelisa]

I also suggest that all who are following and who are also placing any trades, post them up too. The trend indicator may show 11 trades, but its up to the trader to decide what's to be inside the ShellyNow..

[nanningbob]

People wonder why I share my ideas instead of keeping them to myself. This is the reason why. Guys take ideas and add to them and suddenly I have to begin studying my own system to keep up them. Fantastic, now I will have to study to see if I can wrap my head around my own system and all the different ways it can be used. Excellent job and I appreciate all your contributions. I am going to have to get to some of these other threads. I just cant keep up with it all. Going to take a vacation in about 10 days and trying to get everything for my school open in the fall ready so I dont have it waiting for me when I get back.

[dentiok]

Jemook, I want to ask you how you handle news/fundamentals at the time to configure the basket to trade. tks.