have we discarded the M-candleSW1 1440 indi as mentioned by Udine in post#27260 ?
As simple as possible: 00 level trading
- #27,702
- Mar 14, 2015 11:06am Mar 14, 2015 11:06am
{quote} Excellent work Roney! You are doing what everyone needs to do. You set a good example for all of us. I have two questions: 1) Does ts30 mean you are setting the WheelBarrel trailing stop to 30 instead of 35? 2) Are you not using ASH? In other words, are you using purely D1 and H1? Thanks again for the example you set. Dial P.S. Not bad for a "young" guy.
yes trailing stop was virtually at 30, i'm going to experiment more with him
and yes only 00,05 levels and D1,H1 price to open
- #27,704
- Mar 14, 2015 9:44pm Mar 14, 2015 9:44pm
- Joined Sep 2004 | Status: Trader | 1,464 Posts
Friends very happy with our expectations. My setup is as follows. Absolut strength M-Cadles Price to open 60 Prince to open in 1440 It is very easy operations. Choosing the entries only against weaker currency ... the weaker currency ... is very hard to miss. See the entries in the image (vertical and horizontal lines) I do the only entry in the 1st color change ... do not do input for example in 03, 4th convergence of indicators with candles. (Image not enter), Mesco to see that the price is going. The idea is the 1st opportunity stretch a little...
Your chart is absolutely beautiful! Your entries are very clear. You should be proud of your accomplishment!
But what I do not yet understand is how you pick which currency pairs to trade. Would you be willing to explain step by step how you choose which pairs to trade? I am curious to know if you are trading only the Udine Four Pairs, or are you also trading others. How do you use the currency meter to choose your pairs?
Further, you said:
Choosing the entries only against weaker currency ... the weaker currency ... is very hard to miss.
What does that mean? Could you explain in clearer terms so I can understand please?
Finally, in post 27359 you provided the file ForexMeter.ex4. Unfortunately, I cannot use that because my broker appends a suffix of "i" to all the pairs so that, for example, EURUSD becomes EURUSDi with my broker. In order for the Forex Meter to work for my, I have to edit the code to add an "i" to all the pairs.
Would you be willing to provide me with the ForexMeter.mq4 please?
Thank you for sharing your hard work. I appreciate it!
Dial
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- #27,705
- Edited 1:38am Mar 15, 2015 1:22am | Edited 1:38am
- Joined Jan 2015 | Status: Error 404: LuXing not found | 1,586 Posts
Friends very happy with our expectations. My setup is as follows. Absolut strength M-Cadles Price to open 60 Prince to open in 1440 It is very easy operations. Choosing the entries only against weaker currency ... the weaker currency ... is very hard to miss. See the entries in the image (vertical and horizontal lines) I do the only entry in the 1st color change ... do not do input for example in 03, 4th convergence of indicators with candles. (Image not enter), Mesco to see that the price is going. The idea is the 1st opportunity stretch a little...
very nice and illustrative Robinho.I have a couple of remarks, observations.
1. The first entry (3:30) is during the Asian session, are you sure you would want to trade this session (rather than London Open - London Close) ?
The first entry is at the 0.100 level, so a "no go" according to the system rules. On top of that, TP level is right on the DP. Reason for many traders not to take this trade. (Put a pivot indi on your chart and youŽll look at things a different way !!!)
2. By the time Price Action reaches the second entry you mark on your chart (7:30), only then the TP level of the first trade is reached !
At this time, one would have to ask himself/herself if its really a good idea to enter a short. FF and London not yet open, BRN and DP barrier, ...
3. I see you also take "advanced" entries, entries after only a candle color change instead of an ASH color change. For now, I will only take entries after the ASH
color has changed. This results in fewer entries (sometimes only one per day on a pair), the succes rate is very high though.
I have been playing around with various other indis, like always SwingManŽs Trix (values 2 and/or 3) and the Heikin Ashi.
This week, I just might take some entries after only the Heikin Ashi changed color. See my chart below how this would look. The top row is HA, the bottom row is the ASH M30 TF.
Keep up the outstanding work Robinho and all the best of luck !!!!
LuXing
EDIT: after another coffee, I see you could have taken the second entry, the first trade would by out by TS by then.
Wisdom begins in wonder
- #27,707
- Mar 15, 2015 2:07am Mar 15, 2015 2:07am
- Joined Jan 2015 | Status: Error 404: LuXing not found | 1,586 Posts
{quote} Hi Robinho, Your chart is absolutely beautiful! Your entries are very clear. You should be proud of your accomplishment!
My broker doesnŽt use a suffix, so I cannot test, but I have modded the original version and this should work for you.
LuXing
Wisdom begins in wonder
- #27,710
- Mar 15, 2015 4:39am Mar 15, 2015 4:39am
- Joined Aug 2010 | Status: EsikeTrader | 2,227 Posts
My current setup as per posts #27304, 27260, 27270, 27297, 27300, 27391. This has served me fine during last week. Any comments are welcome. Trades : Candle opening after close of color change candle. Watching out for ADR,ATR and News. Color change : All 4 indis at bottom red/green. Note: M-CandleSW1 1440 may not be of same color as Price to open 1440. {image}
Time always comes before price
- #27,711
- Mar 15, 2015 5:50am Mar 15, 2015 5:50am
- | Commercial User | Joined Apr 2013 | 1,178 Posts
{quote} Hi Robinho, Your chart is absolutely beautiful! Your entries are very clear. You should be proud of your accomplishment!
In the post 27364 explained why now be working with the 28 pairs Strength Indicator Supreme mess with 28 pairs (Post 26955) to use in a separate window and use the Forex mess with 04 pairs (Post 27349) in all pairs. Udine is a master in saying that we have to work with only 04 pairs to get 1% or 2%, but as I am with a low regard, and I want to get my 10K goal, I can not expect much, because I'm unemployed ... blah, blah, blah post 26955.
At the moment we have the 08 major currencies Global market, most days have a currency which is the weakest long ,,, Friday in London after 01:30 the open market was NZD ... I went with the 07 chances against the NZD and won in all. GBP at the time was the strongest currency, was the one that walked more ... won + 45 pips and other pairs closed with + 05 pips same.
In New York on Friday, after the news, we had EUR getting weaker for a long time, even after waiting 30 minutes ,,, news EURUSD fell + 60 pips.
When my whole setup is in accordance with the rules and UDINE can marry the indicator force, the entrance is much safer, and let my TP run ...
Tip 01: Make entries by choosing the strongest currency (1st in the table) against (8th in the table), you have a much greater chance of winning many pips.
Tip 02: Let's hope we will do the same who is succeeding. Why put other things in the setup? Udine is gaining with these setup, I'm making with this setup ... why put other things, it is only my opinion, because each one does what he wants.
- #27,712
- Mar 15, 2015 6:03am Mar 15, 2015 6:03am
- | Commercial User | Joined Apr 2013 | 1,178 Posts
{quote}
Observation and nothing personal: People in the group are confused with things very simple. The system is very easy, Udine managed to gather all the tools to facilitate our view. Opening line, strength, ADR, in all colors to facilitate our visual practice.
A fraternal embrace
