I went long but waited for a retrace to near the HAS. The HAS now had gone red so I am going to close the buy basket and look to open a sell basket if price gets near the HAS. The red horizontal line is where I entered and the white horizontal line ...

Still Basketting

Hello William, Thanks for your list of pairs, I did not realise that you traded so many. I dropped Gbp/Usd a while back as I was getting chopped in and out, maybe I was too hasty. And I ignored Usd/Chf because of it's close correlation to Eur/Usd, ...

Do I Really Want to Start This Journal II

Hello William, I would also like to thank you for introducing me to this style of trading. I am using the 5 WMA 5 SMA cross on Eur/Usd, Eur/Aud and Gbp/Aud. 1% per position, 100 S/L, move to B/E at 1 ATR and then trail it at 1.5 ATR. Adding ...

Do I Really Want to Start This Journal II

Thanks Pinhead, also be good to see what others are using for M5 and H1.

Still Basketting

I am trading off the M15 offline chart and have HAS set to 2 15 2 15 I look for adding on the M5 offline chart, should I use the same HAS settings? Just for interest how about he H1 setting?

Still Basketting

If M5 HAS turns red would this be a good point to add another sell basket?

Still Basketting

Thanks for the reply Amber and Kos. It's a bit of a mystery then as I just set it up on Activetrades with no problem.

Still Basketting

I have had this set up on a Thinkforex demo since the 23rd of October and all is working well. Still short from the 2nd November. Does anyone use Pepperstone as their broker? I ask because when trying to set up an offline chart with Pepperstone, ...

Still Basketting

Many thanks Dan, I appreciate the corrections. Regards Norman

Still Basketting

Thank-you Dan, That was the online chart I posted by mistake. (does it need to be set to 60m? The offline I have VQzz2 set to 60m. Do they look right?

Still Basketting

Hi Kos and other basket traders. I am new to this way of trading so trying it out on demo. There have been 6 red markers on the VQzz2, so does that mean we could be getting a change of HAS soon too? Regarding the ProfitprotectEA you mentioned on the ...

Still Basketting

That's good going. I for one would be interested to see you start a thread on your trading method. Regards

The7 Trading System

Lucariga, "Stop Loss is high/low from last candle." I split the trade into 2, T/P for first half is 30 pips like Chicargo Rob does, the other half I let run. Not a good R;R I know, just forward testing this on demo. What S/L and T/P do you use?

The7 Trading System

My broker candles close atr 10PM GMT so there are 2 set ups tonight on Eur/Aud and Gbp/Nzd

The7 Trading System

Yes I was referring to the last bar. Good point Risingsun, that would also invalidate the Nzd/Usd long although I know The7 has a thing for Pin bars.

The7 Trading System

Gbp/Nzd — Is this a valid short? The body of the candle is inside the channel. Similar to the Nzd/Usd long.

The7 Trading System

Yes me too It is a difficult decision whether to use a tighter S/L and have smaller but more frequent losses or to give a trade a chance run but risk a bigger loss.

The7 Trading System

So you start off with a 30 pip S/L on all your positions? The7 mentioned "Stop Loss is high/low from last candle." For EurGbp I have a 51 pip S/L and GbpChf it's 106.

The7 Trading System

Nice trades, looks like you made 20% on your account today. As a matter of interest how much % do you risk on each trade?

The7 Trading System

It definitely makes a difference. I use Pepperstone whose platform is +2 GMT and Thinkforex (demo) whose platfrom is -1 GMT. The daily candle closed well above the 10EMA on Thinkforex for EurNzd.

Quick and Dirty EOD