Jem's Uber Basket Trading Thread

[jasonckb]

take AUDCHF short for 47 pips as only 25 pips to go to monthly average......leave some on the table....5 pairs maintain with approx 170 pips profit on hand

[jasonckb]

close also AUDCAD short for 17pips as weekly and monthly range over-achieved....4 pairs left

[jasonckb]

EURAUD long close for 56pips profit as monthly range nearly reach......Now total 120 pips profit banked; GBPAUD still 80 pips to go, GBPNZD 120 pips, EURNZD, 122pips, total 320 pips potential pips.....

[jasonckb]

Trailing stop hit for remaining 3 for total 57 pips....basket pofit for today is 177pips.

[tx413]

Trailing stop hit for remaining 3 for total 57 pips....basket pofit for today is 177pips.

Not bad Jason. I had 3 basket trades this week for 300 pips total with essentially the same pairs, but was too nervous to get back into it last night. I thought the move was largely over, and didn't want to be stuck holding a position over the weekend.

You pulled it off, though. I should have jumped in and pulled out another 100 pips at least.

[jasonckb]

Trailing stop hit for remaining 3 for total 57 pips....basket pofit for today is 177pips.

Not bad Jason. I had 3 basket trades this week for 300 pips total with essentially the same pairs, but was too nervous to get back into it last night. I thought the move was largely over, and didn't want to be stuck holding a position over the weekend.

You pulled it off, though. I should have jumped in and pulled out another 100 pips at least.

As I said in the previous post, average weekly/ monthly range can provide you a clearer clue whether you should re-enter or exit prematurely or not .....

[xrismak]

Another idea for other excellent coders to develope...

It can sort out all pairs with slope > 0.X or <-0.X (adjustable say 0.6 or 0.7....) with slope direction and wehter it is currently fulfilling the retracement rules or not. Also it shows how many pips it can go to meet the average weekly/ monthly range (say 20 or 50) so that we can see if it can go further or not....

Jason

Hi Baluda & Neotrader,

I am waiting to see what you Guys will come up with, this will kind of make Life trading the 10.2 System Extremely Simple for us all, hey Jasonckb nice Idea very thoughtful of you.com

Happy Trading

xrismak.

[The_Snowman]

Friday, 31 August 2012 11:24 PM

Bully Pepperstone has launched a new trading product entitled EDGE.

EDGE delivers
• Lower Spreads on both Razor and Standard Accounts
• Exclusive One Click Trading Plugin for Empty4
• Live Market Depth Display showing Forex Order Book Liquidity
• New Dark Pool Liquidity Sources
• PPI - Bully Pepperstone Price Improvement Technology/Advanced Trade Routing Algorithms
• 52 Currency Pairs - an additional 24 pairs including exotics such as SEKJPY and GBPDKK

52 pairs?

Now that's a BASKET

[antcj]

Jason what do you use for the averages?

[jasonckb]

Jason what do you use for the averages?

24 period average daily, weekly and monthly range