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As simple as possible: 00 level trading

  • #23,581
  • Dec 2, 2014 5:52am Dec 2, 2014 5:52am
Quoting hugecat
{quote} That's true! One more question - once the candle is outside of the box means no trade? (still talking about m-candle indi). Thanx! Huge.
Screen shot might help with this question.

I have no idea if you are attempting to go long or short at entry price.

Can you elaborate?

Masterrmind............
Master your Mind then Master your Trades
  • #23,582
  • Dec 2, 2014 5:55am Dec 2, 2014 5:55am
I'm having some issue with the H1/D1 CANsignal, and I have been unable
to track down which indicator it is a part of.

The D1 color is function correctly, but the H1 is not.

I've done a search through the thread and the indicators with no success.

If anyone could guide me to it I would greatly appreciate it.

  • #23,583
  • Dec 2, 2014 5:56am Dec 2, 2014 5:56am
Quoting hugecat
{quote} That's true! One more question - once the candle is outside of the box means no trade? (still talking about m-candle indi). Thanx! Huge.
Wildcat, there´s no such rule as to "no trade if candle outside of M-candle box".
Just stick to these from post #1 and you should be just fine !

In any other case it would be useful if you post charts, that makes things much easier.

flx69
Attached Image
  • #23,584
  • Dec 2, 2014 5:56am Dec 2, 2014 5:56am
Quoting Murksler
Looks like I'm done for the day. {image}
Hi Murksler,

What are the indicators that you have in the bottom, ASH and what else?
  • #23,585
  • Dec 2, 2014 5:57am Dec 2, 2014 5:57am
Quoting Masterrmind
{quote} Screen shot might help with this question. I have no idea if you are attempting to go long or short at entry price. Can you elaborate? Masterrmind............
Sure. For example would it be valid to go long on EJ @ 148.05 when the candle is outside of green zone?
P.S. it's just a visual example, I know that several rules would be broken if I went long there.
Attached Image (click to enlarge)
Click to Enlarge Name: ejej.png Size: 36 KB
Those who know don't talk. Those who talk don't know.
  • #23,586
  • Dec 2, 2014 5:57am Dec 2, 2014 5:57am
Quoting ArtfulDodger
I'm having some issue with the H1/D1 CANsignal, and I have been unable to track down which indicator it is a part of. The D1 color is function correctly, but the H1 is not. I've done a search through the thread and the indicators with no success. If anyone could guide me to it I would greatly appreciate it.
It´s the UFX trendmeter.

V1 is only H1 and D1
V2 displays H1, H4 and D1

Click on the paperclip top right of your screen. You´ll find it in the attachments.

flx69
  • #23,587
  • Dec 2, 2014 5:58am Dec 2, 2014 5:58am
A:
A pip is a very small measure of change in a currency pair in the forex market. It can be measured in terms of the quote or in terms of the underlying currency. A pip is a standardized unit and is the smallest amount by which a currency quote can change, which is usually $0.0001 for U.S.-dollar related currency pairs, which is more commonly referred to as 1/100th of 1%, or one basis point. This standardized size helps to protect investors from huge losses. For example, if a pip was 10 basis points, a one-pip change would cause more extreme volatility in currency values.

This is why understand the workings before were 10PTS (100 pips )and 7.5 PTS (75 pips) maybe Im missing something?
Whats That? you're trading What?
  • #23,588
  • Dec 2, 2014 6:00am Dec 2, 2014 6:00am
Quoting ArtfulDodger
I'm having some issue with the H1/D1 CANsignal, and I have been unable to track down which indicator it is a part of. The D1 color is function correctly, but the H1 is not. I've done a search through the thread and the indicators with no success. If anyone could guide me to it I would greatly appreciate it.
Hi ArtfulDodger,

I'ˇm using the one posted in http://www.forexfactory.com/showthre...56#post7746956 by Murksler and it works like a charm, it show the H1, H4 and Daily candle.

Cheers;
BilboFX
  • #23,589
  • Dec 2, 2014 6:01am Dec 2, 2014 6:01am
Quoting hugecat
{quote} Sure. For example would it be valid to go long on EJ @ 148.05 when the candle is outside of green zone? P.S. it's just a visual example, I know that several rules would be broken if I went long there. {image}
Wildcat

Yes, it would be valid.
Having said that, if you plan on trading the 00-level system you´d better load all the relevant indicators on your chart and change the settings of the ASH.

flx69
  • #23,590
  • Dec 2, 2014 6:02am Dec 2, 2014 6:02am
Quoting hugecat
{quote} Sure. For example would it be valid to go long on EJ @ 148.05 when the candle is outside of green zone? P.S. it's just a visual example, I know that several rules would be broken if I went long there. {image}
As long as H1 and D1 are both green and your trade doesn't break any of the other rules then it doesn't matter how far long you are.

Bare in mind however that the trade would only be valid for the next level up so you would be limited as to the actual number of pips you could correctly enter the "hypothetical" trade

Other trading techniques might come into play of course but this has nothing to do with your intended entry.

Sounds fine to me.

Masterrmind...........
Master your Mind then Master your Trades
  • #23,591
  • Dec 2, 2014 6:02am Dec 2, 2014 6:02am
Quoting BilboFX
{quote} Hi ArtfulDodger, I'ˇm using the one posted in http://www.forexfactory.com/showthre...56#post7746956 by Murksler and it works like a charm, it show the H1, H4 and Daily candle. Cheers; BilboFX
Thanks for the prompt reply BilboFX.

I will take a look at that one.

  • #23,592
  • Dec 2, 2014 6:03am Dec 2, 2014 6:03am
Quoting flx69
{quote} Wildcat, there´s no such rule as to "no trade if candle outside of M-candle box". Just stick to these from post #1 and you should be just fine ! In any other case it would be useful if you post charts, that makes things much easier. flx69 {image}
Flx69, I know that you right. Nevertheless, I missed couple of weeks on forum and now there is a 15M method and it has some slight differences from the original. So I'm trying to make it up and gather info before making trades and loosing money. Thanx for you help anyway!
Those who know don't talk. Those who talk don't know.
  • #23,593
  • Dec 2, 2014 6:03am Dec 2, 2014 6:03am
Quoting flx69
{quote} Not late in my book bubincka. Bar opened at the BRN, which is impossible to get in ! Nice trade flx69
Thank you flx69. I'm tremendously concentrated on two winning trades per day and consistently. This is my weak point that with a huge effort i'm overcoming. A mix of greed and gambling. I'm still far from being able to say that I've made, but this time I feel I am on the right track.
Porta itineris dicitur longissima esse
  • #23,594
  • Dec 2, 2014 6:04am Dec 2, 2014 6:04am
Quoting BilboFX
{quote} Hi Murksler, What are the indicators that you have in the bottom, ASH and what else?
These are just the indicators suggested by Udine.
It's the MTF_ASH_v1.1_1, the Heiken Ashi_SWAlert and the AbsoluteStrengthHisto.
  • #23,595
  • Dec 2, 2014 6:05am Dec 2, 2014 6:05am
Quoting Masterrmind
{quote} As long as H1 and D1 are both green and your trade doesn't break any of the other rules then it doesn't matter how far long you are. Bare in mind however that the trade would only be valid for the next level up so you would be limited as to the actual number of pips you could correctly enter the "hypothetical" trade Other trading techniques might come into play of course but this has nothing to do with your intended entry. Sounds fine to me. Masterrmind...........
Thanx, MM! Your help is very appreciated.
Huge.
Those who know don't talk. Those who talk don't know.
  • #23,596
  • Dec 2, 2014 6:09am Dec 2, 2014 6:09am
Quoting bubincka
EJ to TP, entered a bit late... but arrived... {image}
Bubnicka, first of - happy for your win. But then again - there were couple of 00 level crosses before your EJ trade in the same hour. Correct me if I'm wrong?
Those who know don't talk. Those who talk don't know.
  • #23,597
  • Dec 2, 2014 6:11am Dec 2, 2014 6:11am
Quoting hugecat
{quote} Thanx, MM! Your help is very appreciated. Huge.
No problem at all.

Masterrmind...........
Master your Mind then Master your Trades
  • #23,598
  • Dec 2, 2014 6:24am Dec 2, 2014 6:24am
Quoting hugecat
{quote} Bubnicka, first of - happy for your win. But then again - there were couple of 00 level crosses before your EJ trade in the same hour. Correct me if I'm wrong?
Hi hugecat, no problem. There are two strategies, the original one whose rules are on page 1 and it's based on H1 TF. According to the H1 strategy you're absolutely right: I'd have entered @147.800. Instead according to the second strategy, namely M15, my entry @ 148.050 is correct- Don't remember the post #number but M15 rules are posted some pages ago and periodically linked by Udine to answer question like yours.
Porta itineris dicitur longissima esse
  • #23,599
  • Dec 2, 2014 6:25am Dec 2, 2014 6:25am
Quoting flx69
{quote} Wildcat Yes, it would be valid. Having said that, if you plan on trading the 00-level system you´d better load all the relevant indicators on your chart and change the settings of the ASH. flx69
Flx69,
What would be the settings for the ASH. I might be using outdated version...
Huge.
Those who know don't talk. Those who talk don't know.
  • #23,600
  • Dec 2, 2014 6:31am Dec 2, 2014 6:31am
Quoting hugecat
{quote} Flx69, What would be the settings for the ASH. I might be using outdated version... Huge.
I found them. No worries. Thanx!
Those who know don't talk. Those who talk don't know.
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