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As simple as possible: 00 level trading

  • #29,061
  • Mar 31, 2015 4:46am Mar 31, 2015 4:46am
Quoting Asmodai
Its hard to be on the sidelines and watching this..... but i'm forcing myself only to take L1 entries. Asmodai
Yep mate I'm doing the same.

If a very clear L2 presents itself I may try, but otherwise L1 only.

Life is like a snickers, its full of nuts!
  • #29,062
  • Mar 31, 2015 6:52am Mar 31, 2015 6:52am
maybe a stupid question: if there is an important news about eur, is it allowed to trade a pair without eur? for example gbp/jpy? or is it better not trading at all?
  • #29,063
  • Mar 31, 2015 7:07am Mar 31, 2015 7:07am
Quoting firewight
{quote} I have read it, I understand it perfectly. I was commenting on your fly in fly out posts that dont adhere to this method, it seems like you're rubbing it in our face for no good reason...
You speak out my mind
Time always comes before price
  • #29,064
  • Mar 31, 2015 7:34am Mar 31, 2015 7:34am
Quoting Asmodai
Its hard to be on the sidelines and watching this..... but i'm forcing myself only to take L1 entries. Asmodai
If your L1 trades are on your live account, switch to demo to try something else. If it's all demo, switch to a different demo account to keep them separate. Then you can test anything you want and decide if it's right for you.
  • #29,065
  • Mar 31, 2015 7:54am Mar 31, 2015 7:54am
Quoting nasap
{quote} Enable "DDE Server" in your metatrader and restart. Then go to your metatrader folder and open the "DDE-Sample.xls". nasap
Thanks Miss..

Does your strength meter only calculate the relative strength between pairs or does it measure the individual momentum strength aswell?
  • #29,066
  • Mar 31, 2015 8:09am Mar 31, 2015 8:09am
Quoting nasap
{quote} Go back to my post #28236 and read it again until you understand the importance of "pairs need to be sync" and what you need to become successful! nasap
Hi nasap, I was reading your post 28236 now, and Im using forexprofitmetter already, but never tought on the "pairs sync", Im trying to find information about this on google but dont know how to find about it, can you give me a north?

If im trading EJ, the counter pair would be EU right? so if EU stuck on a resistance of any kind, till it break this resistance, chances are the EJ will also be stuck? by using forexprofitmetter, how to know When pairs are sync? and another very very important question, how to know what pairs are related to be sync? for example if trading JPY pairs, USD should be the one to "sync" with JPY right? but what if I'm trading EA or GA? how to know what are the related currencies?
Is the Excel strenght indi in the paperclip of this post?

Thanks so much!
  • #29,067
  • Mar 31, 2015 8:26am Mar 31, 2015 8:26am
Quoting mokuro89
{quote} Hi nasap, I was reading your post 28236 now, and Im using forexprofitmetter already, but never tought on the "pairs sync", Im trying to find information about this on google but dont know how to find about it, can you give me a north? If im trading EJ, the counter pair would be EU right? so if EU stuck on a resistance of any kind, till it break this resistance, chances are the EJ will also be stuck? by using forexprofitmetter, how to know When pairs are sync? and another very very important question, how to know what pairs are related to...
@Mokuro

Try this (take a minimum of -.8/+.8 as correlation reference values) and download the Psy levels dashboard from the attachments.
That should answer all your questions.

LuXing
Wisdom begins in wonder
  • #29,068
  • Mar 31, 2015 8:30am Mar 31, 2015 8:30am
Quoting flamantes
maybe a stupid question: if there is an important news about eur, is it allowed to trade a pair without eur? for example gbp/jpy? or is it better not trading at all?
Hi flamantes, I'm not yet through the whole thread so I can only give you the information up until page 230: avoid the pairs for which red news are about to come out. So if there are red news on the EUR avoid all EUR pairs 1 hour before and 1/2 hour after that. However, in one post Udine mentions that he also avoids trading when NFP (guess that's non-farm payroll for US) and new interest rates are announced. Hope that helps.
Thanks J16, Sam Seiden, Udine and Jacko
  • #29,069
  • Mar 31, 2015 8:57am Mar 31, 2015 8:57am
Quoting flamantes
maybe a stupid question: if there is an important news about eur, is it allowed to trade a pair without eur? for example gbp/jpy? or is it better not trading at all?
To add to HanSolo's answer to your question, the rules are that we stay away from any pair that is associated with the red news, which would make your example okay. However, there are some news events (like NFP) that have an effect on the broader market as well, due to the overall market impact of the USD. I generally stay away from everything if there is NFP report or US interest rate statement due.

PJ
  • #29,070
  • Mar 31, 2015 9:05am Mar 31, 2015 9:05am
EJ TS
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_TS_20150331.JPG Size: 61 KB
The problem is not giving offence but taking offence!
  • #29,071
  • Mar 31, 2015 9:05am Mar 31, 2015 9:05am
Quoting LuXing
{quote} @Mokuro Try this (take a minimum of -.8/+.8 as correlation reference values) and download the Psy levels dashboard from the attachments. That should answer all your questions. LuXing
Hello LuXing! thanks for the reply
the link to correlations is now bookmarked !! thanks

About the indicator, this PSY is not exactly what im looking for (or I just dont know how to interpret those information, studing it right now), but im more looking for that Excel one or any other that gives a strenght number to the currency, not the pairs

Stay green!
  • #29,072
  • Mar 31, 2015 9:42am Mar 31, 2015 9:42am
Quoting LuXing
{quote} Fair enough. Adapt as you advance in the thread. The screenshot you posted was not EURJPY anyway. EURJPYs trading around 130.000, rather than .73xxx. Rather nasty slippage too, from what I can see (supposing you put your pending on 50/100 level). You might want to try put this ASH indicator with OOTB settings on your chart. Consider long if PA > DO and ASH changed from red into green on candle close. Put pending order on the next 00/50 level above. V.v. for short. Hope this helps. LuXing {file} {file}
is there a possibility for sound alert for histogram when ash changes color ?
  • #29,073
  • Mar 31, 2015 10:14am Mar 31, 2015 10:14am
M15 method

GJ and GU L TP
Attached Image (click to enlarge)
Click to Enlarge Name: GJ GU TP.png Size: 61 KB
  • #29,074
  • Mar 31, 2015 10:15am Mar 31, 2015 10:15am
Quoting snail69
{quote} is there a possibility for sound alert for histogram when ash changes color ?
ash mtf & alert nmc
  • #29,075
  • Mar 31, 2015 10:16am Mar 31, 2015 10:16am
Quoting swingdjpj
{quote} To add to HanSolo's answer to your question, the rules are that we stay away from any pair that is associated with the red news, which would make your example okay. However, there are some news events (like NFP) that have an effect on the broader market as well, due to the overall market impact of the USD. I generally stay away from everything if there is NFP report or US interest rate statement due. PJ
Thank you Swingdjj and Hansolo
  • #29,076
  • Mar 31, 2015 10:18am Mar 31, 2015 10:18am
Quoting moretti12
{quote} Thanks Miss.. Does your strength meter only calculate the relative strength between pairs or does it measure the individual momentum strength aswell?
Relative / absolute strength of single currency / pairs, market strength and momentum as well. Displays info whether to stay on bulls or bears side etc.

nasap
The little nut in your head is called brain. Use it!
  • #29,077
  • Mar 31, 2015 10:22am Mar 31, 2015 10:22am
Quoting snail69
{quote} is there a possibility for sound alert for histogram when ash changes color ?
Here, added an alert to this one...

Let me know if it works your side?

Vlad
Attached File(s)
File Type: mq4 AbsoluteStrenghtHisto2-Alert.mq4   10 KB | 417 downloads
  • #29,078
  • Mar 31, 2015 10:27am Mar 31, 2015 10:27am
Quoting Vlad13685
{quote} Here, added an alert to this one... Let me know if it works your side? Vlad {file}
Many thanks, very useful :-)
  • #29,079
  • Mar 31, 2015 10:31am Mar 31, 2015 10:31am
Quoting mokuro89
{quote} Hi nasap, I was reading your post 28236 now, and Im using forexprofitmetter already, but never tought on the "pairs sync", Im trying to find information about this on google but dont know how to find about it, can you give me a north? If im trading EJ, the counter pair would be EU right? so if EU stuck on a resistance of any kind, till it break this resistance, chances are the EJ will also be stuck? by using forexprofitmetter, how to know When pairs are sync? and another very very important question, how to know what pairs are related to...
Try to understand how the PsyLevel works (I have mentioned many times!), how you have to arrange the baskets so that you clearly see what happens.

Stick to the related pairs by Udine for the mean time. If you are familiar already you may use other pairs too!

nasap
The little nut in your head is called brain. Use it!
  • #29,080
  • Mar 31, 2015 10:54am Mar 31, 2015 10:54am
Quick question, will the WUKAR_WB_Trail_v1_3_3e manage trades in chart windows other than the one it is running in?
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