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Starting 2010 with the Basket Trading System by Trader101

January 17, 2010 at 6:10 pm · Filed under >> Basket Trading System

… 5 more hours and i’ll be on a 5-hour coach ride up to Kuala Lumpur to attend a seminar (with 18 other traders from Singapore) by Julius Figueroa - the creator of the Basket Trading System that was mentioned in the earlier post.

feeling excited about the trip, i’m looking forward to learn from the man who have made currency strength the backbone of his forex trading strategies.  the concept has been dicussed and documented in many places…so it’s nothing new.  Google “Tom Yeomans” and you will find some interesting read on the topic.

i first learned about it from Chris Lori way back when i attended my first LIVE forex trading seminar in Singapore.  then Clarence Chee (T3B) and CL Lim (Asia Charts) spoke about it at their course… although they only talked about it very briefly.

at a recent webinar, the chief trader of SolomonFX used a graphical currency strength meter that they have developed themselves to help them determine which currency is strong/weak so as to determine which currency pair to trade and in which direction. “The Forex HeatMap” by Mark Mc Donnell explains the concept  with excellent clarity.

and just a couple of months ago, i realised that a friend/mentor who has been trading professionally for over 25 years has also been using a currency strength indicator extensively.

reading about Trader101’s Basket Trading System was like a “eureka” moment for me.  where others have only used currency strength as a small part of their trading strategies, Julius (and Mark), on the other hand, had designed all his strategies around this very logical and sound concept.

to kick off my new year resolutions, my “Trading” resolution for 2010 will be to learn and trade the Basket Trading System profitably.  i’ll document my journey on this blog as i progress over the following weeks.  wish me luck! :O)

yours truly,

CK

PS : yeap… this post has nothing to do with expert advisors or automated forex trading.  however, i am sure the manual trading strategies from Julius will provide some inspiration for those who are interested in trade automation… me included of course :O)

buy ck a coffee :O)

  • i think that this posting belong to expert advisor.
    http://onlineforexdaytrading.com
  • Great Article
  • forex trader
    as you say in the very beginning, FX Trading is not easy, i am trading forex for about two years now but i still trade like a newbie
    http://www.bhforex.com
  • Slai10
    http://forexcom.zulutrade.com Forex Signals Trading Systems to Autotrade for FREE. Get the best trades in your account, auto-executed instantly.
  • Hi all, after 5 years studying almost every aspect of trading forex I decided the best way to trade is manually using price action and support and resistance.

    Seriously I have come full circle, naked charts to charts covered in crappy indicators then back to naked charts again. I have cracked it and am making great daily profits now. You can too and you can learn for free.

    I have logged my progress on my blog, everything you need can be found for free. Good luck.
  • Trader86
    Would i ask a question? I'm a fresh trader, and sometimes i'm getting some advertisemen about www.forexexpertonline.com , this softwares are really getting that profit?
  • Hi CK, i used to received you blog update long time ago. just want to contact you regarding what I have. please review my service www.pipsmax.com
    Thx
    Mondavie
  • Ben1128
    Hi Ck how is the basket trading going? have not heard anything since Jan 2010?
  • Forex Trader
    Hello. Thank you for this. I'm actually thinking of getting myself an EA from www.superfxrobot.com and the reason is to help me win the contest i plan to enter on www.mt4brokersreview.com. Cash prize is $11,500 and i'd love to get my hands on it plus i've heard that EA is awesome so it's a win-win situation for me.
  • ZeusFX
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    ZeusFX uses creative forex strategies and intelligent money management system. ZeusFX EAs have 6-year back test results. You can check back tests results at http://www.zeusfx.com/results.html As seen in back tests, ZeusFX is a low risk – high profit expert advisor which can works in any conditions of forex market and performs very accurate signals.
    Maximum drawdown in last 6 years was 34.84% (Maximal drawdown) on EURUSD and 37.22% (Maximal drawdown) on GBPUSD . Over 17956 percent Profit on EURUSD and over 55832 percent Profit on GBPUSD was made by ZeusFX in 2009.
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  • anne
    Thanks for the information, I will check the link that you provided here. However, there are lots of good resources out there to help us aside from this site. I would suggest finding a site that will train you in their strategies for free aside from what you are using right now. Makemoneycurrencytrading dot co dot uk is good as they run live portfolio so you can actually see if their strategies are making profit live. They send out a daily report each day with the trades. Good Luck!
  • I find this site very informative. Thanks for the info.
  • nice tips gan...i will try it
  • Thanx for the information
  • Sorry, can you explain system more detail
  • no easy money
    make 500K last year just by buying good companies. Forex is a zero sum game that even warren buffet give up on. Altogether I make 1 million dollar over the past 6 years.

  • dannbb
    This week is a good week for T101 BTS.. hope you had caught the nice trend
  • Great stuff, going to take a look around your blog some more. Just found this first post on google.
  • I really liked this post. Can I copy it to my site? Thank you in advance.
  • hi Robert,
    I am not affiliated with Forex Bling and do not endorse their products. I believe they have quoted my comments for Mr Gagahlin, the man behind the design and development of the strategies used by their EAs.

    hi CPang,
    i've seen Henry Liu's version too. it would be great if it can capture the historical values in a graphical format so you know what was happening in the past hours. nonetheless, the meter does serves it purpose in helping you to narrow down to the pair(s) to watch and trade.

    hi HY,

    1) "Forex Heat Map" is by Mark Mc Donnell :
    http://www.theforexheatmap.com

    2) "Basket Trading System" is by Julius Figueroa : http://baskettradingsytemt101.blogspot.com

    same concept, different application.

    regards,
    CK
  • H. Y.
    Are the forex heat map and basket trading 2 different things?
  • CPang
    Here's a FREE Currency Strength Meter by Henry Liu: http://www.currencystrengthmeter.com/
  • CPang
    I found a FREE Currency Strength Meter here: http://www.currencystrengthmeter.com/

    For MegaTrendFx Flowmeter, I think the buy/sell trigger is when the lines of the currency pairs cross.

    Thanks for the sharing CK.
  • I was reading over at Forex Bling and they post your indorsement. Do you have any recommendations with using any of their EAs?
    Im going through them and not for sure if i want to experiment. So can you yea or nay on that?
    http://www.automated-internet-traffic.com
  • hi wanzfx,
    thanks for the reassuring note...and happy that it has worked for you :O)

    hi CPang,
    he uses this one : http://megatrendfx.com/flowmeter.aspx
    he buys/sells based on price action.

    hi Jim,
    i've not seen the so-called endorsement. i did meet Gagahlin a few times in Singapore and can say that he is a talented man. anyway, live results are more important than any endorsement or testimonial IMO.
  • Jim
    Hi,CK,

    Forex Bling posts your indorsement. Do you recommend their EAs?

    Thanks.
  • CPang
    What is the name of the currency strength indicator that your friend/mentor is using?

    What indicator does he use to TRIGGER his buy or sell?
  • wanzfx
    Hello CK,

    I bump in with the Currencies strength trading since October last year. It was very interesting concept i might add. After polishing here and there I've choose one style and improve it to comply with my own concept and understanding. That is Tandem Trading with 15 pair buy or sell. I use script to execute the trade. So far I'm making money. I've stop using EA since that. Glad that you also found the same thing.

    Cheers and happy trading.
    wanzfx
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