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As simple as possible: 00 level trading

  • #29,201
  • Apr 3, 2015 11:08am Apr 3, 2015 11:08am
Too many signals from WSD not triggered today! Therfore some manual trades only.
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We are on holiday!

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Wish you all some peaceful days.


nasap

The little nut in your head is called brain. Use it!
  • #29,202
  • Apr 3, 2015 11:18am Apr 3, 2015 11:18am
I stopped trading a while before NFP. This is my week, at least not in loss
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  • #29,203
  • Apr 3, 2015 12:08pm Apr 3, 2015 12:08pm
Quoting Adam84
{quote} Check post 26,757. Good to see you here again. If I recall well, you were actively taking part in this thread in the beginning days and finally left due to r:r of 2:1. Hope your trading is going well, I enjoyed reading your posts when I started reading this thread a couple of months ago. The method in the meantime has changed a little. Entries are more precise (on the basis of signal of the absolute strenght histogram 2 (ASH) indicator). Combined with a general pa analysis, this system seems to be very solid. Just have to be patient and...
i only actively take part in threads that i feel have potential.

i saw potential in udines method, so took an interest. however was not too keen with the 2:1 r:r.

no matter how good a method is, i will not touch anything with such a bad r:r

so despite how popular this method seems to have become, i still have no interest in trading this way.

i currently only use a 1:3 risk : reward in my trades. doing very well

lets hope i dont lose focus (it can happen to the best of us).

good luck to you guys
  • #29,204
  • Apr 3, 2015 12:21pm Apr 3, 2015 12:21pm
Quoting Georgebaker
{quote} Congratulations on your two winners But you didn't follow the rules about waiting for momentum for that candle or did you? You just wait for the everything to be green right?
From what I gather and I maybe totally wrong of course....Nasaps trades are based off an initial strong vs weak currency using a strength meter of some sort , then finding a correlating pair which is in synch.....to find if the currency pair is in synch you look at the layered blocks going back about an hour , if they are identical to the initial pair on strength meter it shows that that the two basket pairs are in synch....this coupled with the initial strong/weak currency gives both pairs strong momentum going into a level on the next bar.......from here we should be able to pick up 5 pips. Note that for a long trade final blocks are all green , red for short....the previous blocks maybe layered with different colors but they must be exactly the same for both pairs.I'm not sure if the ASH change in color is used , as this entry is based off momentum from currency strength and correlating pairsFrom what I can tell this is very powerful as you can see in past trades as it correlates with Nasaps succesful auto robotThoughts ..anyone?...Nasap?Tom
  • #29,205
  • Apr 3, 2015 12:32pm Apr 3, 2015 12:32pm
Quoting mebarrac
{quote} From what I gather and I maybe totally wrong of course....Nasaps trades are based off an initial strong vs weak currency using a strength meter of some sort , then finding a correlating pair which is in synch.....to find if the currency pair is in synch you look at the layered blocks going back about an hour , if they are identical to the initial pair on strength meter it shows that that the two basket pairs are in synch....this coupled with the initial strong/weak currency gives both pairs strong momentum going into a level on the next...
Thank you mebarrac for that explanation.

Do you know what the indi is called that shows D1, H4, H1 & M15?
Blindly following others will make you blind!
  • #29,206
  • Apr 3, 2015 12:37pm Apr 3, 2015 12:37pm
Quoting Georgebaker
{quote} Thank you mebarrac for that explanation. Do you know what the indi is called that shows D1, H4, H1 & M15?
No problem..I'm by no means an expert here though, I'm just going off what I have read and picked up from posts about this filter.I don't know what that indicator is called...someone else may though!
  • #29,207
  • Apr 3, 2015 12:39pm Apr 3, 2015 12:39pm
Quoting Georgebaker
{quote} Thank you mebarrac for that explanation. Do you know what the indi is called that shows D1, H4, H1 & M15?
http://www.forexfactory.com/showthre...11#post8155011
  • #29,208
  • Apr 3, 2015 12:43pm Apr 3, 2015 12:43pm
Quoting chaveznqoos
{quote} http://www.forexfactory.com/showthre...11#post8155011
Thank you chaveznqoos!
Blindly following others will make you blind!
  • #29,209
  • Edited 12:02pm Apr 4, 2015 11:26am | Edited 12:02pm
Quoting nasap
Keep on mind that "pairs must be sync" is not the holy grail and it will not work always and not for all of you (for some reason) but it is a great help to mostly prevent you from entering on false signals! (just a reminder!). {image} {image} Happy holidays! nasap
Hi Nasap: can you let us know what your settings we should use for mcandles (window 2) , price to open and relative price to open (window 3) to check for synching in the 3 layered boxes in each window for basket pairs?. You already said in a previous post 1440 and 60 for price to open

reason I ask is the screen shots you put up in your last post appear to have used different values ...was this intentional or just to show a point?

i have applied the defaults ...mcandles 1440 (window 2), price to open :1440 (window3) and price to open 60 (window3)and I have totally different colored boxes compared to you which means I could not synch up colors for good entry filter...maybe im missing something important here.

Thank you for any help on this

edit: looking more closely at this ..Nasap last showed us two charts with what appear to be using different settings for the periods in mcandles , price to open etc...but the confirmation in the matching colored boxes for both pairs confirms entry on both charts . I tried this myself and although the colors are different from nasaps in the boxes , maybe due to broker or settings , my colored box matching also synch up like nasaps for a good entry filter because they are identical on the corresponding basket pair...this maybe a load of baloney but it makes some sense...kinda :-)
  • #29,210
  • Apr 4, 2015 11:34am Apr 4, 2015 11:34am
Quoting mebarrac
{quote} Hi Nasap: can you let us know what your settings we should use for mcandles (window 2) , price to open and relative price to open (window 3) to check for synching in the 3 layered boxes in each window for basket pairs?. You already said in a previous post 1140 and 60 for price to open reason I ask is the screen shots you put up in your last post appear to have used different values ...was this intentional or just to show a point? i have applied the defaults ...mcandles 1140 (window 2), price to open :1140 (window3) and price to open 60 (window3)and...
@mebarrac - Isn't it 1440 instead of 1140 as you wrote?
Blindly following others will make you blind!
  • #29,211
  • Apr 4, 2015 11:51am Apr 4, 2015 11:51am
Quoting Georgebaker
{quote} @mebarrac - Isn't it 1440 instead of 1140 as you wrote?
lol ...yeah can't do math this morning, it should be 1440, but I had that number in my charts! - thanks for pointing that out , I look like a right dumb ass lol!
  • #29,212
  • Apr 4, 2015 3:58pm Apr 4, 2015 3:58pm
Quoting mebarrac
{quote} Hi Nasap: can you let us know what your settings we should use for mcandles (window 2) , price to open and relative price to open (window 3) to check for synching in the 3 layered boxes in each window for basket pairs?. You already said in a previous post 1440 and 60 for price to open reason I ask is the screen shots you put up in your last post appear to have used different values ...was this intentional or just to show a point? i have applied the defaults ...mcandles 1440 (window 2), price to open :1440 (window3) and price to open 60 (window3)and...
@ mebarrac,

Many have tried to work out exactly what nasap has done and why the USD + JPY must trade in exactly the same way against the EUR to be able to take a trade. He has released bits and pieces of his strategy here and there; you have to go back to around Page 700 (40 posts per page settings) and read forward from there. Or better yet, click on his user name and look to his activity, he has 246 posts so not too difficult to read them all on a rainy Sunday. The most informative you will find here - POST # 28236

http://www.forexfactory.com/showthre...12#post8153212

Unless he shares an exact template with exact indicators and exact settings, you will find it hard to emulate his traffic lights go / no go method.

To me the Heiken Ashi is of dubious value other than to provide the necessary coloration for traffic light synchronization; it's certainly not in Udine original POST # 1

However, the best explanation of indicators used I have found is a chart shared by diallist in POST # 27734

http://www.forexfactory.com/showthre...28#post8138928

The indicators are separate, he individually details the use of each, the setting; it is very clear to read and understand. I have my doubts whether the ASH as a Histogram display on the bottom is really any use for screening a 5 pip trade given the usually tight time factor involved but hey, that's me. It takes a lot of room as well.

I don't think diallist got much, if any, recognition for that post, with detailed chart; unsure why not?

For a thread wanting to be "as simple as possible" many have attempted to make it as complicated as possible. There are many posts about not trading because of the pivots but there are no mention in Udine plan about them.

Top marks to Udine for sharing this method, and for his never ending kindness and patience with endless support, much appreciated.
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It takes a lot for me to IGNORE you, but you can try.
  • #29,213
  • Apr 4, 2015 4:21pm Apr 4, 2015 4:21pm
Thanks Erebus ,
Yes, I have tried to dissect as much out of Nasap's teachings as possible by reading all the posts , more than once! . It seems like Robinho from Brazil is using the currency strength and correlation with great success growing his account.
That is a very useful reference chart by Dialist that I had not come across yet. Hopefully Nasap can give us more clues in the future and keep posting charts on how they are trading the system manually vs their dashboard using what we have already have here.

Thanks again
  • #29,214
  • Apr 5, 2015 7:15am Apr 5, 2015 7:15am
I know some of you were banging on about trade slippage, delays etc.. recently and I just found an old blog post that I'd read. I used to have the 4xtrader tools when I was 'investigating' my trades with a broker a couple of years ago. Great tools but now cannot run on build 600+.

http://4xtrader.net/forex-market-man...ow-to-spot-it/

http://4xtrader.net/4xsentinel/

RH
  • #29,215
  • Apr 5, 2015 9:43am Apr 5, 2015 9:43am
Quoting Erebus
{quote}Unless he shares an exact template with exact indicators and exact settings, you will find it hard to emulate his traffic lights go / no go method. To me the Heiken Ashi is of dubious value other than to provide the necessary coloration for traffic light synchronization; it's certainly not in Udine original POST # 1 However, the best explanation of indicators used I have found is a chart shared by diallist in POST # 27734
1.
Quoting nasap
You don't need a Dashboard or any other "special" indicators which you can not find inside the thread! It took me some of my very little leisure time to compare the signals of the indicators to my own signals. You need the indicators shown in the pic and install them together like what I did. {image} The indicators are provided by Udine (if I am not wrong) and the idea to install in one window comes from @diallist....
2.
Quoting nasap
{quote} Nothing to change, all parameters default. The HA indi comes with an alert (like its name states) but don't switch it on. You will end up in the mad house!
If I am not totally mistaken she gave all the neccessary information.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #29,216
  • Apr 5, 2015 11:26am Apr 5, 2015 11:26am
Quoting JibalaPasan
{quote} 1. {quote} 2. {quote} If I am not totally mistaken she gave all the neccessary information. Jibala

Thanks Jibala , for me the confusing part is the entry which is most important in the system when shooting for small pips. Are we looking for 1 close bar (30 minutes) of matching 3 layered colors on the two pairs selected?or more previous bars of matching colors(strength), I guess the more bars the stronger.

I think I understand the basics of what you and Nasap are trying to teach here!

Thanks again for sharing
  • #29,217
  • Apr 5, 2015 5:34pm Apr 5, 2015 5:34pm
Quoting Udine
{quote} exactly details: 1. added one indicator.. which you should already have noticed on my last few charts.... (flx69 (attention for details) already mentioned it in a post ) 2. timeframe 15M 3. adjusted the sweet spot and entries to 50 / 00 level... nothing else... its all in the details... To be honest I was surprised that during this time (1038 pages) nobody ever mentioned it in the thread... It is almost impossible to believe that nobody thought about it... or they simply never mentioned it and are trading it successfully... Udine
Quoting JibalaPasan
{quote} 1. {quote} 2. {quote} If I am not totally mistaken she gave all the necessary information. Jibala
@ JibalaPasan, yes, you're absolutely correct

but warning to anyone new to this thread, it is a treasure hunt, and a confusing treasure hunt, until OP Udine decide to make the trading changes and additional indicators available in Post #1
It takes a lot for me to IGNORE you, but you can try.
  • #29,218
  • Apr 5, 2015 11:18pm Apr 5, 2015 11:18pm
Quoting Erebus
{quote} {quote} @ JibalaPasan, yes, you're absolutely correct but warning to anyone new to this thread, it is a treasure hunt, and a confusing treasure hunt, until OP Udine decide to make the trading changes and additional indicators available in Post #1
Hello @Erebus, why Udine should do this? Nothing, absolutely nothing has changed in the basic rules! It's an additional info / guideline to pick the right pairs in time and you are free to follow or not. The indicators easily can be found, just click the paperclip on the top.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #29,219
  • Apr 6, 2015 12:21am Apr 6, 2015 12:21am
Quoting JibalaPasan
{quote} Hello @Erebus, why Udine should do this? Nothing, absolutely nothing has changed in the basic rules! It's an additional info / guideline to pick the right pairs in time and you are free to follow or not. The indicators easily can be found, just click the paperclip on the top. Jibala
Really? Nothing changed? Did you even read that post?


There are 3 important items and the HA indicator is only 1, and if it is not mentioned in Post # 1 how is new trader to know to even look for it?

I think the time frame AND changing the entry is something that anyone starting to read the thread should know about the method, but you say nothing changed?

The point of an OP updating items in Post # 1 is to avoid posts exactly as you and I are doing, we'll probably get banned by Udine now.

2. timeframe 15M

3. adjusted the sweetspot and entries to 50 / 00 level...
It takes a lot for me to IGNORE you, but you can try.
  • #29,220
  • Apr 6, 2015 2:23am Apr 6, 2015 2:23am
1st trade of the day & new week, still in Thailand lol!

GU to TP

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Life is like a snickers, its full of nuts!
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