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As simple as possible: 00 level trading

  • #15,421
  • Aug 6, 2014 7:17am Aug 6, 2014 7:17am
Bonus Trade

#4

GA +5 TP

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Comment: Manual entry and RMDn approaching red.

Masterrmind...........
Master your Mind then Master your Trades
  • #15,422
  • Aug 6, 2014 7:18am Aug 6, 2014 7:18am
Quoting Pipotron
Anyone can share a currency strength meter?
If you search FF, you'll find a lot of currency strength meters, most of them the spaghetti type.

Here's one that calculates absolute values:

http://www.forexfactory.com/showthre...209486&page=17

I have used the one attached in the last post #340 which works fine. You can add a bar chart with the Total Strength values as the data series for easy visual reference.

In MT4, go to Tools\Options\Server. Click "Enable DDE Server". Close and restart MT4.
Open the excel spreadsheet and enable the security and dde options if prompted.

I dont know how good this is. Have just installed and am monitoring, although it has shown the JPY strength and EUR weakness quite nicely today. Use at your own risk.

Axiom
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  • #15,423
  • Aug 6, 2014 7:31am Aug 6, 2014 7:31am
Last trade for today because of reaching ADR and range of EJ, GJ and EA.
3 trades 2 into TP 1 into TS.

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  • #15,424
  • Edited 7:49am Aug 6, 2014 7:38am | Edited 7:49am
Trade #7

Bought EUR/USD @1.33500. TP +5. Traded news but less volatility then expected.

Up 35 for the day = 17.5%. Done for the day. I wish you all good luck.

19 trades = 100% winrate
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  • #15,425
  • Aug 6, 2014 7:43am Aug 6, 2014 7:43am
Quoting Axiom
{quote} If you search FF, you'll find a lot of currency strength meters, most of them the spaghetti type. Here's one that calculates absolute values: http://www.forexfactory.com/showthre...209486&page=17 I have used the one attached in the last post #340 which works fine. You can add a bar chart with the Total Strength values as the data series for easy visual reference. In MT4, go to Tools\Options\Server. Click "Enable DDE Server". Close and restart MT4. Open the excel spreadsheet and enable the security and dde options if prompted....
Just one among many! Congrats

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,426
  • Aug 6, 2014 7:45am Aug 6, 2014 7:45am
Quoting Jysticim
Trade #7 Bought EUR/USD @1.33500. TP +5. Traded news but less volatility then expected. Up 35 for the day = 17.5%. Done for the day. I wish you all good luck. {image}
Are you aware that you have just violated rule # 01?
SMT, IPDA, Market Structure
  • #15,427
  • Aug 6, 2014 7:46am Aug 6, 2014 7:46am
@isko

Yes
  • #15,428
  • Aug 6, 2014 7:48am Aug 6, 2014 7:48am
Quoting Jysticim
@isko Yes
Then, this should not be posted.
SMT, IPDA, Market Structure
  • #15,429
  • Aug 6, 2014 7:49am Aug 6, 2014 7:49am
Why not, I just give it another twist to only improve it.
  • #15,430
  • Aug 6, 2014 7:55am Aug 6, 2014 7:55am
Anybody has the code for those order placement scripts?
  • #15,431
  • Aug 6, 2014 7:55am Aug 6, 2014 7:55am
Quoting JibalaPasan
{quote} Just one among many! Congrats Jibala
Hi Jibala

Would you mind answering my question here?

http://www.forexfactory.com/showthre...87#post7654487

Axiom
  • #15,432
  • Aug 6, 2014 8:10am Aug 6, 2014 8:10am
Quoting Jysticim
Why not, I just give it another twist to only improve it.
The thread owner might not be around, but please respect his wishes not to post anything that is not within the rules.
If you want to make a new method, create your own thread.
This will only confuse people trying to strictly learn this method.
  • #15,433
  • Aug 6, 2014 8:11am Aug 6, 2014 8:11am
Quoting Axiom
{quote} Hi Jibala When selecting pairs to trade, you obviously match a strong with a weak currency. - Would you define a strong currency as one over say 7 and a weak currency as one under say 3? - Would you wait until a predefined level is reached (as hypothetically described above), or select a pair by say noticing quick rates of change in strength? Axiom
Sorry for late reply, but my internet has many probs today!

If you pick out a strong against a weak you're always on the safe side!

- No! A currency can be strong against another with strength of only 3/0 or opposite
- No! High momentum and absolute strength between the pair

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,434
  • Aug 6, 2014 8:16am Aug 6, 2014 8:16am
Quoting isko
{quote} Hi JibalaPasan, is your CSM made on excel? Seems similar to what I am using which is linked on my MT4 platform. Nice to see some traders using CSM for their analysis. Isko
Based on M$ Excel, written with lots of VBA, using raw tick data from mt4.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,435
  • Aug 6, 2014 8:24am Aug 6, 2014 8:24am
As i see you writing about strenght indicators I'll post the ones i'm using.
I'm monitoring charts with this setup since a week and after a lot of setting changes i came out with that one that is giving me nice confirmations.

The AbsoluteStrenght indi under EJ, GJ, GU & EU gives me confirmation about the trend (and sync).
The Currency Trenght Meter on the right gives me an overall look on the strenghts of the single currencies and their relation. It was made by a FF.com member ("Nihilist") and i found it on the forum.

Apart from the strenght indis, The PsyLevels Dashboard is the first thing i watch for confirmation (I'll remove the M15 square as it is pretty useless for me).

Just my little contribute.
Suggestions?

Lrt
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"Every battle is won before it's fought."
  • #15,436
  • Aug 6, 2014 8:34am Aug 6, 2014 8:34am
Quoting Lrt.Ita
As i see you writing about strenght indicators I'll post the ones i'm using. I'm monitoring charts with this setup since a week and after a lot of setting changes i came out with that one that is giving me nice confirmations. The AbsoluteStrenght indi under EJ, GJ, GU & EU gives me confirmation about the trend (and sync). The Currency Trenght Meter on the right gives me an overall look on the strenghts of the single currencies and their relation. It was made by a FF.com member ("Nihilist") and i found it on the forum. Apart from the strenght indis,...
  • #15,437
  • Aug 6, 2014 9:03am Aug 6, 2014 9:03am
Quoting whitetrading
{quote} The thread owner might not be around, but please respect his wishes not to post anything that is not within the rules. If you want to make a new method, create your own thread. This will only confuse people trying to strictly learn this method.
Yes I'd have to strongly agree with that comment.

Masterrmind............
Master your Mind then Master your Trades
  • #15,438
  • Aug 6, 2014 9:07am Aug 6, 2014 9:07am
Good luck to all remaining traders.

Hope the profits keep rolling for each of you.

Time for me to rest.

Masterrmind...........
Master your Mind then Master your Trades
  • #15,439
  • Aug 6, 2014 9:09am Aug 6, 2014 9:09am
Quoting JibalaPasan
{quote} Based on M$ Excel, written with lots of VBA, using raw tick data from mt4. Jibala

Thanks Jibala, just what I have thought. It's similar to what I am using based also on MT4 tick data.

Anyway, continue the pip collections.


Isko
SMT, IPDA, Market Structure
  • #15,440
  • Aug 6, 2014 9:21am Aug 6, 2014 9:21am
Quoting isko
{quote} Thanks Jibala, just what I have thought. It's similar to what I am using based also on MT4 tick data. Anyway, continue the pip collections. Isko
Hi there,

will you share your CSM with the rest of us?

Thanks in advance!
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