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  • #27,661
  • Mar 13, 2015 3:46pm Mar 13, 2015 3:46pm
Quoting Vlad13685
{quote} Short at A is too late, should have placed pending order at 1.14400 on colour change
thanks Vlad

i mean
short 1 ok TP
if i want reenter
where is the better point ?
short 1 or short 2

in the pic we dont know if the short 2 go to SL

Attached Image (click to enlarge)
Click to Enlarge Name: VVVVVVV.png Size: 56 KB
  • #27,662
  • Mar 13, 2015 3:50pm Mar 13, 2015 3:50pm
Quoting dimdel
{quote} thanks Vlad i mean short 1 ok TP if i want reenter where is the better point ? short 1 or short 2 in the pic we dont know if the short 2 go to SL {image}
If you want to reenter then you must reenter at short 2.But this trade is risky after such a big down move, price is likely to try go back to short 1 area.
  • #27,663
  • Mar 13, 2015 3:54pm Mar 13, 2015 3:54pm
Quoting dimdel
{quote} thanks Vlad i mean short 1 ok TP if i want reenter where is the better point ? short 1 or short 2 in the pic we dont know if the short 2 go to SL {image}

You arejust starting to learn and already in a hurry = WRONG !!!!

Learn PDF & BCC

you are just starting so trade ONLY the color changes, it is the easiest way to start trading and more than enough !!

You start to look for more advanced entries.... leave it be (for the moment)

Udine
Sleep less, live fast, as it aint gonna last
  • #27,664
  • Mar 13, 2015 3:58pm Mar 13, 2015 3:58pm
Quoting Udine
{quote} You arejust starting to learn and already in a hurry = WRONG !!!! Learn PDF & BCC you are just starting so trade ONLY the color changes, it is the easiest way to start trading and more than enough !! You start to look for more advanced entries.... leave it be (for the moment) Udine

probably you have right

ok step by step
  • #27,665
  • Mar 13, 2015 4:13pm Mar 13, 2015 4:13pm
Quoting Udine
{quote} You arejust starting to learn and already in a hurry = WRONG !!!! Learn PDF & BCC you are just starting so trade ONLY the color changes, it is the easiest way to start trading and more than enough !! You start to look for more advanced entries.... leave it be (for the moment) Udine
I just go into the 1st opportunity.

Just enter the 1st color change ...

We never know where the price will stop and go back, so the most likely to win is always the 1st opportunity, when M30 in convergence with Absolute and M cadles indicators. View Images posts 27597 and 27454.

Note: Only one opinion ... better than reentering the pair, is to place a higher Tp in 1st opportunity.

Good weekend to everyone.
  • #27,666
  • Mar 13, 2015 4:37pm Mar 13, 2015 4:37pm
Quoting dimdel
{quote} thanks Vlad i mean short 1 ok TP if i want reenter where is the better point ? short 1 or short 2 in the pic we dont know if the short 2 go to SL {image}
Doesn't that frost you letting that candle zoom away for 90 pips? Taking 10? That's a 10 pip gain and an 80 pip bank for stop losses. 2 runs like that per week and you will never worry about 10 pip stop losses. You wouldn't be sweating stage 2 trades. LOL....If you want less stress and more pips for far less work trade the bigger time frames. And trade 1 pair till trading successful! Brokers love M15 traders. They should hand out Xmas presents to all.
  • #27,667
  • Mar 13, 2015 5:20pm Mar 13, 2015 5:20pm
Quoting dforant1
{quote} Doesn't that frost you letting that candle zoom away for 90 pips? Taking 10? That's a 10 pip gain and an 80 pip bank for stop losses. 2 runs like that per week and you will never worry about 10 pip stop losses. You wouldn't be sweating stage 2 trades. LOL....If you want less stress and more pips for far less work trade the bigger time frames. And trade 1 pair till trading successful! Brokers love M15 traders. They should hand out Xmas presents to all.

actually there is a big love with my broker
i give them a lot
  • #27,668
  • Edited 6:01pm Mar 13, 2015 5:41pm | Edited 6:01pm
Quoting dimdel
{quote} probably you have right ok step by step
Hi dimdel,

Udine is not probably right... he is absolutely right. Take color changes only for now.

I have a few notes for you as well. See the screenshot I've attached.

Have a good weekend dimdel.

Dial
Attached Image (click to enlarge)
Click to Enlarge Name: dimdel_1.png Size: 76 KB
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  • #27,669
  • Edited 6:25pm Mar 13, 2015 5:49pm | Edited 6:25pm
Quoting dforant1
{quote} Doesn't that frost you letting that candle zoom away for 90 pips? Taking 10? That's a 10 pip gain and an 80 pip bank for stop losses. 2 runs like that per week and you will never worry about 10 pip stop losses. You wouldn't be sweating stage 2 trades. LOL....If you want less stress and more pips for far less work trade the bigger time frames. And trade 1 pair till trading successful! Brokers love M15 traders. They should hand out Xmas presents to all.
Hi dforant1,

I'm divided between two opinions.

On the one hand, I've been reading your posts, and I like some of your ideas. Like you, I'd like to find a consistent way to catch runners within the 00 concept. If you were to start your own thread where you could expand on your ideas in detail, I would be a subscriber.

On the other hand, this is Udine's thread, and your ideas, even though they have merit, are off topic for this thread. They make sense to me, but to the newbies here it is only a confusing distraction that may be hampering their progress in duplicating Udine's success.

Thanks for understanding

Dial
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  • #27,670
  • Mar 13, 2015 6:34pm Mar 13, 2015 6:34pm
Quoting Forest-Sea
Udine -- While your system works well as you have pointed out more recently one can (probably) enhance the win percentage by entering following color changes. Your preference seems to be, pretty obviously, -- a cross of the D open -- which will lead to the ASH changing color -- and the H1 . . . all set! How about if price remains on one side of the DO but we get a retrace - ASH and H1 change color and now mismatch the DO -- then the return to trend matching the DO occurs. I presume this represents, to you, an outstanding entry point at the next...
Hi FS,

A very astute observation on your part FS!
Good to see Udine confirms your assessment.

I too had noticed how often Udine traded near the DO.
I just didn't take my analysis as far as you did.
Well done.

Dial
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  • #27,671
  • Mar 13, 2015 7:26pm Mar 13, 2015 7:26pm
Quoting diallist
{quote} Hi dforant1, I'm divided between two opinions. On the one hand, I've been reading your posts and I like some of your ideas. Like you, I'd like to find a consistent way to catch runners within the 00 concept. If you were to start your own thread where you could expand on your ideas in detail, I would be a subscriber. On the other hand, this is Udine's thread, and your ideas, even though they have merit, are off topic for this thread. They make sense to me, but to the newbies here it is only a confusing distraction that may be hampering their...
I do understand. Udine has and is doing an excellent job prescribing his method here. He has said himself this is not the first version of this type of trading. Some verbiage has changed along with indicators. Confusion confuses the confused even more. Many here have taken liberties with this thread. If I were owner half would not be here, but I'm a grumpy sort. Like I said in my first post a lot of baby sitting goes on in very good threads. Folks can't understand the language and or install an EA as opposed to an Indicator.

As far as opening my own thread. Forget about! Raised 3 kids. Those days are over. If one can't understand the deal with this trading system in the first 10-20 pages then God help us. Otherwise every dude new to the party has his own invention or tries to improve those available. I hate to see folks spinning their wheels so I say jump in here.

Your post reminds me I'm out of thread form therefore I will watch from time to time to see the success grow here. I assume you send all out of threaders the same form post I received. Thanks for the eyeopener.
  • #27,672
  • Mar 13, 2015 8:36pm Mar 13, 2015 8:36pm
Hey guys,

Well with the markets closed I find myself bored without my MT4 open, so I decided to clean my charts up a little.

The below pics show the exact same charts and indicators, however chart #3 combines all 3 colour change indicators into a single panel, and I find it much easier on the eye.

Chart #1: AbsoluteStrengthHisto2 @ 30, PriceToOpen @ 60 & PriceToOpen @ 1440 - all indicators in their own window.

Chart #2: AbsoluteStrengthHisto2 @ 30 & PriceToOpen @ 60 in their own window, with PriceToOpen @ 1440 in a second window.

Chart #3: AbsoluteStrengthHisto2 @ 30, PriceToOpen @ 60 & PriceToOpen @ 1440 - all in the same window (some colour and bar width settings need to be changed, but easy enough to do)

Attached Image (click to enlarge)
Click to Enlarge Name: indis2.jpg Size: 335 KB
Life is like a snickers, its full of nuts!
  • #27,673
  • Mar 13, 2015 9:45pm Mar 13, 2015 9:45pm
Quoting dforant1
{quote} I do understand. Udine has and is doing an excellent job prescribing his method here. He has said himself this is not the first version of this type of trading. Some verbiage has changed along with indicators. Confusion confuses the confused even more. Many here have taken liberties with this thread. If I were owner half would not be here, but I'm a grumpy sort. Like I said in my first post a lot of baby sitting goes on in very good threads. Folks can't understand the language and or install an EA as opposed to an Indicator. As far as opening...
Hi dforant1,

Well said.

Having lived in three countries and visited five others, I've had the privilege of meeting many varied and interesting people. Quite a few of whom were of the "grumpy sort", and of those I found some of the best people (once I got past the gruff exterior). I think the same of you now, though I didn't a first.

What I like about this thread is that it does not babysit, nor does it spoon-feed. Sure, Udine and some of the regular posters here will offer initial help, as long as the new arrival exhibits some indication that they have at least read the first part of the thread. But after that, it is expected that each person pay his own dues and do his own work. Those who jump in and ask a question which was answered many times in the beginning are sent packing to page 1, post 1. And that is as it should be. A few posts back, I inquired about a particular indicator on Udine's charts. He replied with a description of the indicator, but did not attach it. I know what that means... I have to go look for it myself, which is better in the long run than having it handed to me.

Another thing I like is the stability of this thread. In over 27,000 posts, the initial concept has only been altered slightly twice. First with the alternate 15 minute version, and second with the recent focus on color change, which stems from the 15 minute version. That is an amazing degree of stability for a thread that has grown so large in a such a short time.

The final thing I like about the thread, is the thing I like most, and what keeps me coming back, and that is Udine's militant consistency. He has stuck by his guns as far as his core teaching of PDF & BCC. Those are the most important components and he well knows it, and strives always to convey them. I believe that if those elements are made foundational in the mind of the trader, the "method" will take care of itself.

I do hope you will continue posting, as I find your insights stimulating. I have no doubt that with your abilities, you can provide some very valuable support to the pure focus of this thread.

Dial

P.S. If you ever find a stable way to get extended runs from the 00 method, please be sure to let me know.
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  • #27,674
  • Mar 13, 2015 9:54pm Mar 13, 2015 9:54pm
Quoting firewight
Hey guys, Well with the markets closed I find myself bored without my MT4 open, so I decided to clean my charts up a little. The below pics show the exact same charts and indicators, however chart #3 combines all 3 colour change indicators into a single panel, and I find it much easier on the eye. Chart #1: AbsoluteStrengthHisto2 @ 30, PriceToOpen @ 60 & PriceToOpen @ 1440 - all indicators in their own window. Chart #2: AbsoluteStrengthHisto2 @ 30 & PriceToOpen @ 60 in their own window, with PriceToOpen @ 1440 in a second window. Chart #3: AbsoluteStrengthHisto2...
Nicely done firewight,

It is good that you were able to make the indicators personally user friendly.

It is nice that MetaTrader gives us that capability, as I find myself being the exact opposite of you. I find your arrangement very confusing, and prefer the setup in your first panel.

To each his own, and again well done and good onya!

Dial
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  • #27,675
  • Mar 13, 2015 10:21pm Mar 13, 2015 10:21pm
Quoting firewight
Hey guys, Well with the markets closed I find myself bored without my MT4 open, so I decided to clean my charts up a little. The below pics show the exact same charts and indicators, however chart #3 combines all 3 colour change indicators into a single panel, and I find it much easier on the eye. Chart #1: AbsoluteStrengthHisto2 @ 30, PriceToOpen @ 60 & PriceToOpen @ 1440 - all indicators in their own window. Chart #2: AbsoluteStrengthHisto2 @ 30 & PriceToOpen @ 60 in their own window, with PriceToOpen @ 1440 in a second window. Chart #3: AbsoluteStrengthHisto2...
I liked the idea, thanks for sharing this!!
  • #27,676
  • Mar 13, 2015 10:23pm Mar 13, 2015 10:23pm
Quoting diallist
{quote} Hi dimdel, Udine is not probably right... he is absolutely right. Take color changes only for now. I have a few notes for you as well. See the screenshot I've attached. Have a good weekend dimdel. Dial {image}
Thank you Dial for your detailed explanation.

Just some questions please. We just set a pending orden in that position you wrote 'enter', right? Because this point is the first 00 point in short position?
And just when this dotted yellow vertical line (the changed candle color by ASH and PriceToOpen) is about 10 seconds to close? In M30 timeframe chart?
  • #27,677
  • Mar 13, 2015 10:44pm Mar 13, 2015 10:44pm
Quoting wernerfukuma
{quote} Thank you Dial for your detailed explanation. Just some questions please. We just set a pending orden in that position you wrote 'enter', right? Because this point is the first 00 point in short position? And just when this dotted yellow vertical line (the changed candle color by ASH and PriceToOpen) is about 10 seconds to close? In M30 timeframe chart?
Yes. You understand correctly.
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  • #27,678
  • Mar 13, 2015 10:53pm Mar 13, 2015 10:53pm
Quoting skyline
{quote} Hi Udine, well there are multiple reason to use an EA if rules are clear and not subject to discretionality, in my case mostly because my work hours starts when london opens so I'm not able to follow markets with right focus (i'm not a full time trader , i'm a coder ), other reason is that ea (if coded correctly) is much more precise and less prone to errors than I could be manually so it should be more easy to get PDF & BCC Yesterday, just to say, was a winning day using EA (2 losses, 8 win) , just today it didn't worked, it's part...
Please contact me about EAs by email; I would like to work with you on this. I cannot use PMs.
  • #27,679
  • Mar 13, 2015 11:21pm Mar 13, 2015 11:21pm
Quoting firewight
Hey guys, Well with the markets closed I find myself bored without my MT4 open, so I decided to clean my charts up a little. The below pics show the exact same charts and indicators, however chart #3 combines all 3 colour change indicators into a single panel, and I find it much easier on the eye. Chart #1: AbsoluteStrengthHisto2 @ 30, PriceToOpen @ 60 & PriceToOpen @ 1440 - all indicators in their own window. Chart #2: AbsoluteStrengthHisto2 @ 30 & PriceToOpen @ 60 in their own window, with PriceToOpen @ 1440 in a second window. Chart #3: AbsoluteStrengthHisto2...
Dear Firewight,
Well done, Can you teach me how to combine (super impose) these charts.
I try to drag and put on the same window but it didn't work.

Thanks
Be Happy
  • #27,680
  • Edited 11:56pm Mar 13, 2015 11:21pm | Edited 11:56pm
@Udine

Udine, in the attached image, would the blue box represent a color change or no?
If so, then the green line would be the pending order.

I'm not sure if the M30 candle itself is something that is to be watched for a color change.

Are the components to be watched for a color change in List A or List B?

List A
ASH (30)
PriceToOpen(60)
PriceToOpen(1440)

or

List B
M30 Candle
ASH (30)
PriceToOpen(60)
PriceToOpen(1440)

Thanks

Dial
Attached Image (click to enlarge)
Click to Enlarge Name: barColorChange.PNG Size: 14 KB
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