Wednesday, October 29, 2008

The Simple Basket Trading Method

First you have to open a demo account (called this the Indicator Account IA) and make sure that the broker you choose have the ff. pairs (must have) in their platform:

1. GBPUSD
2. EURGBP
3. GBPCHF
4. CHFJPY
5. AUDJPY
6. EURJPY
7. USDCHF
8. CADJPY
9. AUDUSD
10. USDJPY
11. EURUSD
12. EURCHF
13. GBPJPY
14 USDCAD

The top seven pairs is set 1 and the bottom is set 2. These pairs will hedge each other. Fresh start this method at the very beginning of the week, this will give a good look at the pairs as week goes on.

Set 1 trade them SHORT and set 2 trade them LONG. No SL and no TP. As much as possible run a script (will be attached later) to maintain correct timing in opening them. Click twice the profit column of your terminal to make the positive profit pairs stay at the top and the negatives stay at the bottom or vice versa. Initially the order of this pairs is a mess, let it run for a day or two and you will notice the pairs will start to make a proper descending order.

All the buys will stay at the bottom and all the sells will occupy the top or vice versa. It like putting to rest the dirty bottled water and it will start to settle down after a certain period ot time. All dirts to the bottom and the clear water at the top. About a day or two, all the buys (if negatives) will occupy the bottom and the sells (if positives) will be at the top.

Ideally the bottom 7 slots should be occupied by the negatives. The first pair in the negative that crosses the boundary of positive (slot 8) is the pair we are concern. If one of the negative jump up to slot 7, consequently there should also a corresponding positive that will jump down to slot 8. This is the signal. We will trade those two pairs that jumps out of boundary. This is the first method in this system called the jumping pairs.

Trade the pairs according to this rule:

1) if Sell pair jumps up -------- trade Short that pair
2) if Buy pair jumps down -----trade Short that pair
3) if the Sell pair jumps down--trade Long that pair
4) if the Buy pair jumps up-----trade Long that pair

You can continue reading this method at ForexFactory at this link

http://www.forexfactory.com/showthread.php?t=107119


I am Julius Figueroa known as Trader101 in three(3) forums where I have been maintaining threads, pertaining to the success of any trader. I have this threads helping traders for more than 2 years now. One of the thread "Simplicity is the Key" on Forex Factory was used for generating signals and distributed freely. I was having good results as evidence by most of the comments that readers post in the threads.

I was fascinated by trading not only a pair but a bunch of pairs which eventually I called the Basket Trading and this method now is widely used all over the world. This new method will be the new trend now on Currency Trading that doesnt use any conventional indicator. The probability of hit on this method is about 80%, that makes it the most sought after method. With familiarity of this system, a 1000+ pips profit per week is the norm.

I am offering a mentoring services for the above system and many more possibilities of a profittable trading from my years of experience in Forex Trading;

The Mentoring services will include the following:


1) The complete guide to Basket Trading Strategy. Mentoring/ teaching of the system.
a) News Trading using the BTS.
b) Tandem trading (jumping pairs) using the BTS.
c) Group Trading (JPY, USD etc)c) Regular Basket Trading(14 pairs).
d) Long Term Trading.

2) Weekly Volatility Analysis of the currency market or as necessary.

3) 24/5 Assistance service via msn messenger and/or E-mail. Email will be responded within 24 hours.

4) Immediate notification for any trading opportunity via E-mail, sms and other means necessary.

5) A one on one and/or conference instruction should further clarification on the Basket Theory.

6) Secrets of success to trade this awesome system, including free use of all related indicators while being a member of the group.

7) Entry to the Trading Room created solely for the mentoring group members.

Membership to this service is limited and only on a first come first serve basis. Mentoring group will be limited to 10 persons maximum.The cost for this service is $99.00 a month. This non-refundable fee is paid at the beginning of the enrollment. Payment is only accepted via Paypal to: trader101@optonline.net

Please do not send any payment unless you are accepted in the program via E-mail confirmation.To stop your enrollment you have to send an E-mail to the above to discontinue your study and we will promptly stop collecting your fees.Unlock the potential of this strategy by enrolling now!!!

If you are interested in pursuing your trading skills, you may send me an E-mail at

trader101@optonline.net


Listed below are other threads that I initiated. All for the benefits of the trader.

1) http://www.forexfactory.com/showthread.php?t=14595

2) http://www.forexfactory.com/showthread.php?t=57375

3) http://www.forex-tsd.com/suggestions-trading-systems/16466-basket-trading-system-t101-system.html

4) http://www.fxfisherman.com/forums/forex-metatrader/trading-systems/4069-simple-trading-method.html







===============================================





December 11, 2008

Because of the difficulty of using conventional indicators provided in the MT4 platform for this trading method, I had developed several useful indicators that can be use in this Basket Trading System (BTS).

1) Basket Candles 101 -- This indicator is similar to the candle chart, however it plots the composite value of the 14 currency pairs being traded by the BTS. The screen shot below was plotted in the EURJPY chart where the regular EJ candles are rendered invisible so the Basket Candles can hijack the chart. It can be used in any currency chart. A scale factor is provided for visual adjustment.



2) Basket Indicator 102 - This is a line indicator. The calculation of which includes values from all 14 currency pairs similar to moving average. The regular EMA calculation for single pair was modified to accomodate using of 14 pairs profit value and some color changing to display the market modes. The magenta line indicates the SELL mode, the blue signifies the BUY mode and the yellow is Transitional mode. The chart below used a 25 period which very similar to EMA 25 for presentation purposes. The period selection is user discretion.










There are others indicators develop specifically for this system. All indicators develop for this system has a common criteria to use only the profit value in order to maintain the usage of price action all the time. All indicators are available to all current members of the mentoring group and it is not distributed publicly.





I will post in here other indicators developed as I become familiar with this blogging technology.





Julius





===============================================

Dec. 16, 2008

TANDEM TRADING INDICATORS: (Shown in this illustrations are for EURUSD and USDCHF)

Two more indicators use in the tandem trades of EU and UC utilizing a full lot.



1) Tandem_Indicator - is a line indicator use in the chart of the tandem pairs. It will give color indication of either Blue or Magenta for Buy or Sell.



2) Tandem [EU+UC+EC] - is a composite histogram for the Tandem pairs being traded. In this case the EU, UC and the EC.









I have traded these two pairs the EU and UC since Sunday (12-7-2008). The histogram changes to blue bars indicating the LONG trend is taking over. So I trade EU long and UC short.

The results of these trades is now over $ 11,000 in profit at the time of this writing. And I intend to keep these trades until the line indicator changes color to magenta. It may last for weeks or months as it usually is, but it will be an enormous amount of profit to be generated.