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As simple as possible: 00 level trading

  • #30,321
  • Apr 24, 2015 5:30am Apr 24, 2015 5:30am
Quoting nasap
{quote} This was a real bad choice! Although we have a sync status there are reasons not to take the trade. 1st we have to wait on AUDJPY to become sync (above DO). 2nd we can not trade because AUDUSD has now reached 900 level. 3rd AUD was never strong enough against JPY & USD. {image} Conclusion: Wait for the good setups, they will come for sure! nasap
Thanks Nasap for taking the time to reply. Learnt something new today.
  • #30,322
  • Apr 24, 2015 5:35am Apr 24, 2015 5:35am
So Nasap a Q if I may , why did you stop making big pips on "renko"? Ive tried to get them like you had them but couldnt exactly Q. I like them as I already use HA a lot
Whats That? you're trading What?
  • #30,323
  • Apr 24, 2015 5:52am Apr 24, 2015 5:52am
Not very convicing, NZDUSD out by TS.

LuXing
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Wisdom begins in wonder
  • #30,324
  • Edited 6:12am Apr 24, 2015 5:58am | Edited 6:12am
@Qed

Q2/3 2013 onwards until Q4 2014 has been horrendous in terms of ADRs. Lowest on the majors since 2006.
Not a good time at all for Renko trading.
Try i.e. Median Renko Brick Size 6 shift 50 (Renko scalping on steroids), throw HA, ASH and/or Trix2 into the mix and look back...

Youll see that almost every trader would have had a real hard time to make decent pips.

That was just my experience though ;-)

LuXing
Wisdom begins in wonder
  • #30,325
  • Apr 24, 2015 6:10am Apr 24, 2015 6:10am
Thanx LuX smothed HA gives same sort of pic
Whats That? you're trading What?
  • #30,326
  • Apr 24, 2015 6:15am Apr 24, 2015 6:15am
Thanking, going back to work. Kindness generates kindness.

I have seen that the number of friends of victories increased significantly, by force with the Udine method. Congratulations to all !!!
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  • #30,327
  • Apr 24, 2015 6:15am Apr 24, 2015 6:15am
Quoting Qed
So Nasap a Q if I may , why did you stop making big pips on "renko"? Ive tried to get them like you had them but couldnt exactly Q. I like them as I already use HA a lot
The answer is very simple, it did not work anymore after the new MT4 Build 600. Only problems with all the indicators. Hence I decided to try something new and found the 00-level system (suggested by a member of a german forum). I realized very fast that this system has a very big potential but not with its original setup. Therfore I did what I always do, modifying until it works the best. Now we are at the point, we have nothing to change anymore. If we are patient and disciplined enough, we can gain on every day!

nasap
The little nut in your head is called brain. Use it!
  • #30,328
  • Apr 24, 2015 6:17am Apr 24, 2015 6:17am
Thanx Naasap...
Whats That? you're trading What?
  • #30,329
  • Apr 24, 2015 7:19am Apr 24, 2015 7:19am
Quoting Sniper1310
{quote} Using these indicators gives me something like this. Any idea why this happens? First I drag the ASH the the PriceToOpen. The parameters arent changed. MT4 Build 765. No errors or warnings while compiling.
Easy solution is to use the template given in the next post and then make changes to your liking. Or you can do it manually by changing the fixed max and min values in the common tab of the indicators after adding them (but doing it this way does not show the labels next to the respective indy). You will have to get the values from using the template first.
In other news: A ranger was trapped between a bull and a bear
  • #30,330
  • Apr 24, 2015 7:24am Apr 24, 2015 7:24am
Quoting Milfortra
AU SL -10PIPs. Entry was 3 seconds before the formation of the red candle, although it looked like EP was on the green candle. AUD strength was no 2/3 while USD was no. 8(weakest) at the time of entry. Nearest news was GBP news about 15mins away. Comments are welcome, please...... {image}

just doesn't look like Udines graphs on the first 100 pages to me. what is circled is what i think Udine would have traded. 2 cents i could be wrong. just trying to be helpful fwiw.
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  • #30,331
  • Edited 7:55am Apr 24, 2015 7:37am | Edited 7:55am
Quoting daytrade5
{quote} Milfortra, Just curious why you didn't enter a the first level @ 0.78100? For me that level was breaking the body of the prior 1Hr bar and was insync with the AudJpy. Easy 5pips from there. Others may have different thoughts......

great minds lol i was thinking the 15 min bar for au and 30 min on cross pairs is good idea to be more selective.. not sure if 1 hour body is a rule though. my rule is just look at it and remember.. down move before a long up is best up move before a short down is best scenario

@udine Please comment on this if you can TYIA
  • #30,332
  • Apr 24, 2015 7:54am Apr 24, 2015 7:54am
Quoting honestknave
Version 1.02 Fixes: Pair coloring now uses the same thresholds as alerts. Enhancements: Spread now an additional requirement for triggering alerts {file}
I really like this EA. Very helpful tool.

Some suggestions about the CSM:

Would it be possible to have more color gradations like the Currency strength Giraia indi? (Screenshot below)

Another idea would be to implement an arrow beside each currency strength value. For better visualisation if the currency strength is in- or decreasing.
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  • #30,333
  • Apr 24, 2015 8:42am Apr 24, 2015 8:42am
2 LOSS
1 WIN
  • #30,334
  • Apr 24, 2015 8:42am Apr 24, 2015 8:42am
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  • #30,335
  • Apr 24, 2015 9:18am Apr 24, 2015 9:18am
There were two nice L1 setups also in alignment with the CMS on CADJPY and USDCAD both went to TP, but during RED NEWS, so don't trade!
Edit: more than this, CJ entry was @ .100
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Porta itineris dicitur longissima esse
  • #30,336
  • Apr 24, 2015 10:12am Apr 24, 2015 10:12am
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  • #30,337
  • Apr 24, 2015 11:01am Apr 24, 2015 11:01am
Quoting firewight
{quote} Check out Cycles post back at Post 29,348

why is there an up template and a down template?
what is the difference?

thanks in advance

PGPB
  • #30,338
  • Apr 24, 2015 1:51pm Apr 24, 2015 1:51pm
Quoting cycle
fun and easy... {image} {image}
Good afternoon, asking not offend.

Friend cycle you could provide the power indicator, the most complete post 30061?
  • #30,339
  • Apr 24, 2015 5:15pm Apr 24, 2015 5:15pm
Quoting pgpb
{quote} why is there an up template and a down template? what is the difference? thanks in advance PGPB
I didnt make them but I'm guessing the up moves some of the indicators to an "UP" or higher position on the screen, & the reverse for down.

At least thats what I can see...
Life is like a snickers, its full of nuts!
  • #30,340
  • Apr 24, 2015 5:36pm Apr 24, 2015 5:36pm
Quoting pgpb
{quote} why is there an up template and a down template? what is the difference? thanks in advance PGPB
Really?

Constantly amazes me the lack of reading comprehension and understanding of some people, well, most people I see asking these basic questions

Or maybe they just can't even be bothered to read the post? In which case, don't bother to help them as they won't read it anyway!

http://www.forexfactory.com/showthre...07#post8194007

This is in the very same post the templates are in that he asked about in case you are wondering why I am amazed, OK shoot me down now!

QUOTE: These are modified as per my charts. All are MQ4 files, hence you can have your own modified versions. DN template takes all indis to top of chart when price is downwards and UP template vice versa. For this we need two versions of xADR indicators. I will be happy to clarify further, if required. Enjoy!

It takes a lot for me to IGNORE you, but you can try.
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