As simple as possible: 00 level trading

Hi, Yaz, I'm curious about how you are making your trading decisions, since there is not much on the chart to show why you took each trade. I have also written a very detailed and possibly complicated dashboard but want to simplify it. I would be glad to talk with you about this and trade help if you want. Hopefully I will be able to trade London soon and maybe start making some pips. I see you trade on M30 too, instead of M15. Thanks.
Eric

Good to see you again. I have been away for a while. Hope to get back to trading soon. I am curious how the indicator on top left helps you make decisions? And what else do you think about when making your decision to take a trade? Thanks.
Eric

Good to see you again too. I am hoping I will finally get the opportunity to trade while working and still get enough sleep (and pips!). Would like to chat again, but of course I can't PM here due to commercial restrictions, but you still have my email.

Nobody watching or posting here now? Bummer.

Hai.. Im quite bz nowadays.. and dont have time during LO session..
Now i just focus on asian session only.. entry opportunity appear faster compare to london... if there is opportunity than ill take it.. if no or im late.. than just forget it. we still got tomorrow..

My entry rule same as Luxing idea.. with additional of how many tradable pair with same base or quote..
I only trade if of the 7pair of the base or quote, has minimum 3 tradable pair..

for example..
1.I see JPY strongest with cs sync more than 6 or more..
2.If of the 7 pair with Quote JPY , have more or equal to 3 pair that can be trade than choose pair that has the highest gap in strength..

which pair that can be traded it depends on u..

i cant share template.. sory..

gud luck.. Selamat Maju Jaya..

Hi All,

I just finish reading all valuable sharing here. Thank you very much to Udine and all great contributor.

To yazdgreat, Good Luck and Selamat Maju Jaya too


clixkers

So here is a combined indicator I just knocked out based on LuXing's example. BUT, Before you download PLEASE READ this! I made some changes that make sense to me, but might confuse others. Why are some of the Pairs in White and others are Gray (/Grey)? Because the Gray ones are reversed. Why? I want to see the trend of a Currency, right? But I don't want to have to figure out which is up and which is down, so I made the Quote pairs with the currency I'm watching the opposite color. Let me explain. Look at the NZD column; all green, right? But 4 of them start with NZD and 3 end with NZD, so that means the bottom 3 are actually going DOWN but that means the NZD is getting stronger, so I wanted to see them in green, not red, so I know that all NZD is getting stronger without having to remember to switch colors in my head. So all EURxxx pairs are normal, all xxxJPY pairs are reversed and all the others are split.

Ok, while I was typing this I added an option to turn that off if you want. It's called InvertQuoteCurrColors. Set to True, it does what I just described, but if you want the colors "normal", then set it to False.

You can also rename the file if you want, and you can change the spacing and position, etc.

If you have not found anything to help with pending orders, I will see what I have. I use Horizontal lines on the chart and an EA that places the order (market) as soon as price breaks that level. This will solve your problem. Let me know if you are still looking.

So far my entry all acording to 1st time momentum established.. im really has problem with pending order.. Ill be appriciate if u share the Ea here.. tq..

Ok try these. Please test on demo first to make sure it is working. If you don't want to use Hidden SL, set False but set Emergency SL to actual SL. If you don't want Hidden TP set False also. My Commission is 7 micropips, which I add to my TP, but you can set it to 0 if you want. Use the script to place the pending line, then move it to where you want (or edit properties to be precise), or if you drag the script to a new location it will move the line there. In EA, DeletePendingAfterXBars will delete the pending line after the number of bars, so if you don't want it deleted, set it high, like 10 or more. Hopefully everything else makes sense. If not, ask. Oh, yes, BuyOnAsk will place the order when the Ask price breaks the pending line, just like a normal pending order. If False, it will not place the order until the Bid price breaks the line. This only affects Buy orders, not Sell.

(put in Experts)
(put in Scripts)

Then add to Favorites.

My first Asia trade in a while. Hopefully I can learn to trade in Asia since it is very difficult for me to trade London. I also missed a few AUD setups before TO. There was also NZD news. I waited for the next bar because the prior bar was too big compared to ABR. Hope I'm learning something. I will try to post all trades whether win or lose.



Here is another chart with the LuXing indie I posted earlier and my modification to a Strength Meter I posted in a different thread. This SM shows current momentum based on 10 minutes, 60 minutes and from start of Session.

Good trade eric.

This is my trade this morning...
AU to TP..

Thanks, now I just need to figure out if I have the wrong Open time for Tokyo and Sydney. I found a lot of different opinions on various forex websites.

Eric, if you look at the main FF page at bottom right, it will show you the commonly accepted session times. Good to have FF set to your local time for reference.
Thanks for your inputs too.

when in doubt, i like to check the 'local time' here:
https://www.timeanddate.com/worldclock/

Hi Al, If been trading this system for more than 8 months and have grow a $10 account to $100.

Thanks Reic for the Indicator and updated info!

Also I have never considered Tokyo as a option! But it makes good cense! Maby even better than Frankfored open ( To close to Londen open for me! )!

Wapen

Thanks guys for the time info. I forgot about FF, Backspin, thanks. And I discovered that page, Farmer, while trying to resolve this since I want to make sure all my indicators, etc. that need to know about session starts are correct, and automatically adjust for broker GMT and DST changes. Just have to finish the code and check it.

Here is today's AJ trade, although there were several other JPYs that I could also have traded, but I'm learning, slow and steady. GJ ran quicker to TP than AJ, but there is AUD news in an hour. I entered a bit late, but I was late getting back, and the momentum still looked good. And the current bar had not exceeded the ABR. I definitely want to get comfortable/confident doing this.



Wow, AJ just kept going, like yesterday. I could have gotten 10 more pips, but I'll wait until I'm more confident first.

I just checked their main page and Tokyo is wrong. They don't use DST and it should be listed an hour earlier, assuming they open at 8:00 Tokyo time. I mean look at my last chart which I corrected to what should be the correct open for Sydney and Tokyo. See how the AUD(JPY) started moving in that hour, and then the JPY took off after TO. At least I think that's right. I hate DST.

Ok, 2 more trades today. I still got back 30 minutes after what I think is Tokyo open, and waited for SC strength and momentum. This time is was the AUD itself.

Ok, so I think that the Asia trading hours are like this (right now): New Zealand opens 1 hour before US closes and there's not a lot of NZD activity usually (too many sheep not trading). Then 2 hours later, Australia opens, some AUD activity. Then 1 hour later some Asian markets besides Tokyo open (Hong Kong, Singapore?) and possibly trade the JPY because there is significant activity. Then an hour later, the official start of Tokyo and more JPY activity. So that means technically, FF market hours is correct. In a few months, DST will change, stopping for US and Europe and starting for Australia (only Eastern where Syndey is) and New Zealand, but not for Asia (at least Tokyo, I'll have to check on the others). What a headache!

Anyway, another trade. Just one today. As I examine the CS and Momentum, and ABR, I kind of have an idea of what looks/feels right or good, and what doesn't, but definitely would have difficulty explaining in detail why I think so, so it would be impossible to code that into an EA or indicator until I can, and maybe then not possible. So far I'm 4/4 Wins, which is nice and surprising, because now when I trade, I don't expect anything, unlike before when I expected to win, and frequently lost. I'm just taking the trade(s) that seem to show Momentum and Strength, and so far it's worked out. I also don't do anything else while trading, whereas I used to mess around with coding and try to watch a movie or something at the same time, which probably also explains why I was unsuccessful.

Here is the trade I took. It wasn't quite as strong as the previous trades, but still looked good. GBP and JPY both had recent and longer term momentum, but the GBP only had 5 pairs weak on H4 and D1, and the other 2 were both strong on H4 and D1, so that was a caution. Notice how it just barely passed my TP before reversing. More info for the data banks. Glad I waited a little longer before posting to show what it did next. I would have been stopped for TS if I had a larger TP, and also TS if I had gotten in at the 00 level, but the slippage in my orders is more me than broker because I need to get quicker in making the decision to take the trade, but that will come. Or maybe not.



Here is one I didn't take even though the Momentum and Strength looked good too, but looking at the chart, I saw so much movement in the US session that I just didn't expect much more Up in the Asia/Aussie sessions. Looks like I was right. And the AU moves a lot less than the GJ does. UPDATE: Looks the the AU finally made it to the TP as well! UPDATE 2: Sorry, just noticed there is AU news in 3 minutes from now so would not be in that trade.