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As simple as possible: 00 level trading

  • #17,321
  • Sep 3, 2014 6:08am Sep 3, 2014 6:08am
I didn't know what kind of arrow you wanted to have so I just put a simple arrow on the chart which shows the direction of the current bar (or did you want to have an arrow over the candle where it shows the change of the indicator?).

I have not yet tested the actual change in color but it should work correctly. If you want to have any adjustments made just tell me.

The settings are straight forward

displayArrow = true;
upArrow = clrLime;
downArrow = clrRed;
offsetX = 20; //Distance to the edge of the frame
offsetY = 20; //Distance to the edge of the frame
arrowSize = 20; //Size of the arrow
corner = 1; //0 Top left 1 Top right 2|3 bottom left and right

In the code you can change the name of the arrow arrowName and the symbols arrowCodeUp,arrowCodeDn which correspond do WingDings http://www.alanwood.net/demos/wingdings.html
Attached File(s)
File Type: mq4 AbsoluteStrenghtHisto.mq4   9 KB | 710 downloads
  • #17,322
  • Sep 3, 2014 6:15am Sep 3, 2014 6:15am
GU short @ 1.64600 +4.5pips. Closed it manually as it was reaching Monthly Support Level and I didn't want it to TS me out.
Attached Image
  • #17,323
  • Sep 3, 2014 6:16am Sep 3, 2014 6:16am
hehe Masterrmind , just keep on keeping on , no Bs indicators, just Udine RULES ... cheers Q
Whats That? you're trading What?
  • #17,324
  • Sep 3, 2014 6:23am Sep 3, 2014 6:23am
Quoting Kilian19
I didn't know what kind of arrow you wanted to have so I just put a simple arrow on the chart which shows the direction of the current bar (or did you want to have an arrow over the candle where it shows the change of the indicator?). I have not yet tested the actual change in color but it should work correctly. If you want to have any adjustments made just tell me. The settings are straight forward displayArrow = true; upArrow = clrLime; downArrow = clrRed; offsetX = 20; //Distance to the edge of the frame offsetY = 20; //Distance to the edge of...

thx Kilian,

I will check it out

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #17,325
  • Sep 3, 2014 6:35am Sep 3, 2014 6:35am
Quoting Qed
hehe Masterrmind , just keep on keeping on , no Bs indicators, just Udine RULES ... cheers Q
The less you have of them on your chart the better however you still need a few!

I still like what I'd call information indicators or indicators that alert me to certain things on the chart.

I also have strength indicators that I examine and relate to the current chart being analysed but they are not in number format, in other words they display a continuous feed of data.

I love charts...... they tell you the story!

Masterrmind..........
Master your Mind then Master your Trades
  • #17,326
  • Sep 3, 2014 6:36am Sep 3, 2014 6:36am
Everybody see that it was lucky trade. Anyway 5 pips in the pocket.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 46 KB
  • #17,327
  • Sep 3, 2014 6:38am Sep 3, 2014 6:38am
Quoting bugyibuci
GU short @ 1.64600 +4.5pips. Closed it manually as it was reaching Monthly Support Level and I didn't want it to TS me out. {image}
Turned out to be an excellent decision.

Great perception!

Masterrmind.........
Master your Mind then Master your Trades
  • #17,328
  • Sep 3, 2014 6:46am Sep 3, 2014 6:46am
Quoting Masterrmind
{quote} Turned out to be an excellent decision. Great perception! Masterrmind.........
Thank you. I am staring to interpret the charts better each day...that is on its own a success to me
  • #17,329
  • Sep 3, 2014 6:57am Sep 3, 2014 6:57am
Trade #2 short GBPJPY - TS
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 53 KB
  • #17,330
  • Sep 3, 2014 7:18am Sep 3, 2014 7:18am
Hi guys. What ADR should be to perfect trade?
  • #17,331
  • Sep 3, 2014 7:18am Sep 3, 2014 7:18am
Quoting bugyibuci
{quote} Thank you. I am staring to interpret the charts better each day...that is on its own a success to me
It's putting all the little things together that makes all the difference.

All the obstacles you see on your chart are really just like a series of "give way" signs to Price Action.

Just like the monthly support you mentioned.

It doesn't mean that price is going to stop dead in its tracks at this monthly support level but it gives you a good enough reason to take your profit off the table (just in case PA reverses)

Masterrmind............
Master your Mind then Master your Trades
  • #17,332
  • Sep 3, 2014 7:37am Sep 3, 2014 7:37am
Quoting Masterrmind
{quote} It's putting all the little things together that makes all the difference. All the obstacles you see on your chart are really just like a series of "give way" signs to Price Action. Just like the monthly support you mentioned. It doesn't mean that price is going to stop dead in its tracks at this monthly support level but it gives you a good enough reason to take your profit off the table (just in case PA reverses) Masterrmind............
  • #17,333
  • Sep 3, 2014 7:41am Sep 3, 2014 7:41am
Quoting Masterrmind
{quote} It's putting all the little things together that makes all the difference. All the obstacles you see on your chart are really just like a series of "give way" signs to Price Action. Just like the monthly support you mentioned. It doesn't mean that price is going to stop dead in its tracks at this monthly support level but it gives you a good enough reason to take your profit off the table (just in case PA reverses) Masterrmind............
You're right. Also, what is a monthly pivot? Is it a barrier set at a price, and that price can not happen? No. A monthly pivot is an imaginary representation of an area, which can cover 10 to 30 pips. A pivot is not a real barrier, and is not a line, it is an area and is imaginary.
Donde hay Patron no manda Marinero
  • #17,334
  • Sep 3, 2014 8:37am Sep 3, 2014 8:37am
Quoting Dave.Z
EURUSD - TS {image}
Hello to All Today!

Dave,
I am not sure where I should see the trade on your chart(s).
Am I missing something?

thanks: Áron
  • #17,335
  • Sep 3, 2014 8:38am Sep 3, 2014 8:38am
Quoting Masterrmind
...It doesn't mean that price is going to stop dead in its tracks at this monthly support level but it gives you a good enough reason to take your profit off the table (just in case PA reverses) Masterrmind............
Well said!
  • #17,336
  • Sep 3, 2014 8:54am Sep 3, 2014 8:54am
Trade #4 and Trade #5

[Bonus Trade #1 and #2]

GBPJPY +5 to TP

GBPJPY +5 to TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB


Comment: The 1st trade should have been taken from the BRN but I wanted PA to clear out below mini support on the left hence I shorted from 900!

Masterrmind...........
Master your Mind then Master your Trades
  • #17,337
  • Sep 3, 2014 9:00am Sep 3, 2014 9:00am
Quoting Masterrmind
Trade #4 and Trade #5 [Bonus Trade #1 and #2] GBPJPY +5 to TP GBPJPY +5 to TP {image} Comment: The 1st trade should have been taken from the BRN but I wanted PA to clear out below mini support on the left hence I shorted from 900! Masterrmind...........


Impressive MM !

I only took the EJ short at 137.800 during LO, which unfortunately ended in a SL.

flx69
  • #17,338
  • Sep 3, 2014 9:04am Sep 3, 2014 9:04am
GBPJPY TP
Attached Image
The problem is not giving offence but taking offence!
  • #17,339
  • Sep 3, 2014 9:11am Sep 3, 2014 9:11am
EJ SHORT @138.00 +5 TP.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 34 KB

Yesterday's climb went into ranging in the 138.00 region, and today the level was cleared down and up several times, then clear downswing formed from .200, by the time PA reached 138.00 previous hour's bear candle was confirmed downwards prompting for some pips in the direction.
A risky one though..
  • #17,340
  • Sep 3, 2014 9:11am Sep 3, 2014 9:11am
Quoting flx69
{quote} Impressive MM ! I only took the EJ short at 137.800 during LO, which unfortunately ended in a SL. flx69
Thanks flx69.....

But to be honest it has not been easy trading over the last few days as really good setups have been harder to find.

Hopefully this will change soon.

I hope things turn around for you very soon.

Masterrmind............
Master your Mind then Master your Trades
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