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Jem's Uber Basket Trading Thread
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=640		 Page 78 of 112
Author:  RockyJ [ Wed Jul 25, 2012 1:31 pm ]
Post subject:  Re: Jem's Uber Basket Trading Thread
News event, U.S. Home Sales in 25 minutes..

10 a.m. est
Author:  kelisa [ Wed Jul 25, 2012 1:47 pm ]
Post subject:  Re: Jem's Uber Basket Trading 10.2 Thread
kelisa wrote: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.... :?
Author:  Jemook [ Wed Jul 25, 2012 2:11 pm ]
Post subject:  Re: Jem's Uber Basket Trading 10.2 Thread
garyfritz wrote: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!
Author:  cmeade2 [ Wed Jul 25, 2012 2:13 pm ]
Post subject:  Re: Jem's Uber Basket Trading 10.2 Thread
kelisa wrote:
kelisa wrote: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.
Author:  nonlinear [ Wed Jul 25, 2012 2:20 pm ]
Post subject:  Re: Jem's Uber Basket Trading Thread
I reentered based on the latest bounce during the NY session, but will look to take profit rather than hold.
Author:  cmeade2 [ Wed Jul 25, 2012 2:25 pm ]
Post subject:  Re: Jem's Uber Basket Trading Thread
nonlinear wrote: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)?
Author:  kelisa [ Wed Jul 25, 2012 2:36 pm ]
Post subject:  Re: Jem's Uber Basket Trading Thread
DP, WP getting jumbled up. No no for me. Good luck nonlinear
Author:  cmeade2 [ Wed Jul 25, 2012 2:39 pm ]
Post subject:  Re: Jem's Uber Basket Trading Thread
kelisa wrote: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.
Author:  kelisa [ Wed Jul 25, 2012 2:43 pm ]
Post subject:  Re: Jem's Uber Basket Trading Thread
cmeade2 wrote:
kelisa wrote: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?
Author:  cmeade2 [ Wed Jul 25, 2012 2:46 pm ]
Post subject:  Re: Jem's Uber Basket Trading Thread
kelisa wrote:
cmeade2 wrote:
kelisa wrote: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.
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