Oh yeah...deep retracement going on. As usual, must be careful with mondays.
More bad news on Spain, so expect eur to further drop during NY. Also watch out for some open gaps!
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| Jem's Uber Basket Trading Thread https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=640 |
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| Author: | kelisa [ Mon Jul 23, 2012 9:50 am ] |
| Post subject: | Re: Jem's Uber Basket Trading 10.2 Thread |
Oh yeah...deep retracement going on. As usual, must be careful with mondays. More bad news on Spain, so expect eur to further drop during NY. Also watch out for some open gaps! |
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| Author: | xrismak [ Mon Jul 23, 2012 10:29 am ] |
| Post subject: | Re: Jem's Uber Basket Trading 10.2 Thread |
Kelisa  ,Thanks, I am flicking between the H1, H4 and Daily TF's for constant updates as to where some of these instuments are heading Eur/Usd is currently playing it's usual games but thanks to this System and the Booklets and of course all you guys in here I am singing with the Pips on the Cautious side, closed all my Positions for a modest Profit which is all so cool.com and I'm waiting for the retracements to kick in first before I Jump in again, Jemook you are the Star and I have to be like you when I Grow up :!: Happy Trading Y'all. xrismak. 
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| Author: | alex_forex [ Mon Jul 23, 2012 12:59 pm ] |
| Post subject: | Re: Jem's Uber Basket Trading 10.2 Thread |
Nice to see those green pips 
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| Author: | kelisa [ Mon Jul 23, 2012 2:08 pm ] |
| Post subject: | Re: Jem's Uber Basket Trading 10.2 Thread |
Some pairs look like done retracing, but I am taking no chance. Expecting further retrace over next day too..imo  |
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| Author: | nonlinear [ Mon Jul 23, 2012 2:52 pm ] |
| Post subject: | Re: Jem's Uber Basket Trading 10.2 Thread |
Re those CHF basket pairs, almost all of CCS crossed on the H1 and are now converging on the 4H and D1. I am reading this as a warning to get out (if you got in). Anyone agree? |
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| Author: | Jemook [ Mon Jul 23, 2012 3:21 pm ] |
| Post subject: | Re: Jem's Uber Basket Trading 10.2 Thread |
Depends how much you've risked. Right now I don't see anything that tells us that this trend is over. If you haven't bet the bank then wait it out, she should go right soon. If you see the pairs start dropping off into rangebound territory then it's time to cut it. If you did get in wait for a retracement next time.. Like today's What a beautiful Monday setup we have on our hands. |
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| Author: | garyfritz [ Mon Jul 23, 2012 3:44 pm ] |
| Post subject: | Re: Jem's Uber Basket Trading 10.2 Thread |
Last night I took my first demo trade with this stuff, dipping my toe in with AUDCHF and EURAUD (which is basically a double-size position but it's an experiment). They retraced slightly and I set some "waiting to buy/sell" EAs on them. Did it too soon, when the market was still too close to the pivot, and it wiggled enough to hit my entry before pulling back now. Right now I'm getting close to my SL. In retrospect the D1-to-H1 gap was contracting when I set the EAs. Should have waited for H1 to pull away and possibly bottom out. But no worries. I'm learning, which is why I'm doing it. GBPCHF, NZDCHF, EURGBP, EURNZD are getting close to the point where I'd put the "waiting" EAs on them, or possibly enter at market when the H1 slope turns. |
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| Author: | nonlinear [ Mon Jul 23, 2012 4:02 pm ] |
| Post subject: | Re: Jem's Uber Basket Trading 10.2 Thread |
I did not enter on those CHF pairs today, but I could see where I would have days earlier (trying to figure out exits). My current thought is that I would have likely closed those positions when the H1 CCS all crossed, but who knows. Its tough to hold winners until the D1 slope starts to range. As for the current retraces, I am watching the H1 CCS and price action around the weekly pivot for confirmation of a resumption of the trend. All demo. |
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| Author: | antcj [ Mon Jul 23, 2012 8:05 pm ] |
| Post subject: | Re: Jem's Uber Basket Trading 10.2 Thread |
Guys a helping hand please. I used shelleynow last week Fri, trades kicked in no problems . But this week nothing . Am i missing something here.? This is not the first time ive seen this, and assumed Ive done something wrong.? |
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| Author: | fxozgirl [ Mon Jul 23, 2012 9:00 pm ] |
| Post subject: | Re: Jem's Uber Basket Trading 10.2 Thread |
ShelleyNow only trades once, when your trades close (if your using SN trade management) you need to remove the EA and re-attach it for the new basket |
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