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As simple as possible: 00 level trading

  • #31,321
  • May 27, 2015 8:19am May 27, 2015 8:19am
Quoting SuperPip
{quote} The 2-nd one was a mistake. Now I have next SL on EURUSD. Something is wrong.. {image}
SuperPip,

There is nothing wrong but you just need a short term trend filter coz when we see the blue squares it means the price is above the open of the day but it is making lower lows,
now would you buy if the trend is down and at the same time its making lower lows? (the opposit occurs when we see red squares)

Just my 2 cents
  • #31,322
  • May 27, 2015 8:21am May 27, 2015 8:21am
Another EurUsd to TP +5
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 111 KB
"Amat Victoria Curam" Victory Loves Preparation
  • #31,323
  • May 27, 2015 8:32am May 27, 2015 8:32am
Quoting daytrade5
Another EurUsd to TP +5 {image}
daytrade... hi.

on EURUSD trade did you use sync with some other pair?

i noticed that EURJPY at that time was above daily open.

thanks.
  • #31,324
  • May 27, 2015 8:34am May 27, 2015 8:34am
GbpUsd to TP +5
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"Amat Victoria Curam" Victory Loves Preparation
  • #31,325
  • May 27, 2015 8:40am May 27, 2015 8:40am
A good example of what i mean,

Would u have taken the short trade then it would have been a Sl,but my short term trend indicator told me the trend was allready up
so no trade (or just look at the DS1 another reason not to take a short trade here)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 46 KB
  • #31,326
  • May 27, 2015 8:43am May 27, 2015 8:43am
Quoting NewToForex14
{quote} daytrade... hi. on EURUSD trade did you use sync with some other pair? i noticed that EURJPY at that time was above daily open. thanks.
I took the same trade on the EURUSD, yes you are right, and that was why I took the trade late ( my entry was late), but I saw sync in GBPUSD, but its counter-part EURJPY were in sync up to H4, had it been they are not in agreement on H4 I will not take the trade.

Hope its help.

Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: 1. M15 Leve 1 entry only..png Size: 54 KB
Time always comes before price
  • #31,327
  • May 27, 2015 8:46am May 27, 2015 8:46am
Quoting fxrabbi
{quote} I took the same trade on the EURUSD, yes you are right, and that was why I took the trade late ( my entry was late), but I saw sync in GBPUSD and but its counter-part EURJPY were in sync up to H4, had it been they are not in agreement on H4 I will not take the trade. Hope its help. Cheers, Yomi {image}
Hi fxrabbi, can yuo show witch indicator do you have in the bottom windows please?
Thanks,
Marco.
  • #31,328
  • May 27, 2015 8:51am May 27, 2015 8:51am
Quoting marcoFF
{quote} Hi fxrabbi, can yuo show witch indicator do you have in the bottom windows please? Thanks, Marco.
Is MACD
Time always comes before price
  • #31,329
  • May 27, 2015 8:57am May 27, 2015 8:57am
Quoting masofras
hello traders I would like to share my CSM. I think it is very close to nasaps CSM. It is still in testing phase, so if you find any bug please report. Im total amateur in coding / excel / VBA but I hope it will help someone have a green day masofras {file} {image}
masofras! Most kind contribution! I thank you.

I have questions which may simply be due to my not understanding how to interpret your nice CSM.

1. On the bottom row, the conditional formatting never takes the bottom row to green.
Is there a reason for this?

2. On the top row, the conditional formatting goes green, yellow, lighter green, lighter yellow, dark orange, red.
Are the colors supposed to alternate like that? I would have thought the greens then the yellows then the reds, as you did for the middle row.

And here's the big question...

3. I understand what the top row is for, but not the middle and bottom rows. How is this CSM to be interpreted overall.
This is nothing against your code, as I've never understood how nasap's CSM works either.

Thanks for your excellent contribution to this thread!

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #31,330
  • May 27, 2015 8:58am May 27, 2015 8:58am
Quoting fxrabbi
{quote} Is MACD
Thanks fxrabbi for the feedback, but i mean wich indicator do you have in all the 4 windows!
  • #31,331
  • May 27, 2015 9:07am May 27, 2015 9:07am
Quoting marcoFF
{quote} Thanks fxrabbi for the feedback, but i mean wich indicator do you have in all the 4 windows!
Ok.

Here they are:

Window 1:
1. ASH 2
2. ASH mtf(M15)
3. HA

Window 2:
1. Price To Open - 1440
2. Price To Open - 240
3. Price To Open - 60

Window 3:
1. MACD

Window 4:
1. WUKAR_News

Cheers,
Yomi
Time always comes before price
  • #31,332
  • May 27, 2015 9:07am May 27, 2015 9:07am
Quoting NewToForex14
{quote} daytrade... hi. on EURUSD trade did you use sync with some other pair? i noticed that EURJPY at that time was above daily open. thanks.
I noticed that it was above the daily open. The eurjpy was selling off hard in sync from that standpoint with the eurusd. also if you notice, there was no support in sight to stop the EJ so this was good enough for me. Had it been going into the open or the BRN or into some support, I would have stood aside.
"Amat Victoria Curam" Victory Loves Preparation
  • #31,333
  • May 27, 2015 9:08am May 27, 2015 9:08am
Quoting diallist
{quote} masofras! Most kind contribution! I thank you. I have questions which may simply be due to my not understanding how to interpret your nice CSM. 1. On the bottom row, the conditional formatting never takes the bottom row to green. Is there a reason for this? 2. On the top row, the conditional formatting goes green, yellow, lighter green, lighter yellow, dark orange, red. Are the colors supposed to alternate like that? I would have thought the greens then the yellows then the reds, as you did for the middle row. And here's the big question......
Hi masofras, I was doing the same exact question : what are the 2nd and 3rd row in the main meter ?
Thank you very much for your answer!

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #31,334
  • May 27, 2015 9:14am May 27, 2015 9:14am
Quoting fxrabbi
{quote} Ok. Here they are: Window 1: 1. ASH 2 2. ASH mtf(M15) 3. HA Window 2: 1. Price To Open - 1440 2. Price To Open - 240 3. Price To Open - 60 Window 3: 1. MACD Window 4: 1. WUKAR_News Cheers, Yomi
Thank you Bro
  • #31,335
  • May 27, 2015 9:20am May 27, 2015 9:20am
eu
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15 31.png Size: 96 KB
  • #31,336
  • May 27, 2015 9:39am May 27, 2015 9:39am
Quoting fxrabbi
{quote} I took the same trade on the EURUSD, yes you are right, and that was why I took the trade late ( my entry was late), but I saw sync in GBPUSD, but its counter-part EURJPY were in sync up to H4, had it been they are not in agreement on H4 I will not take the trade. Hope its help. Cheers, Yomi {image}
fxrabbi and daytrade... thanks.
  • #31,337
  • May 27, 2015 9:54am May 27, 2015 9:54am
Quoting masofras
hello traders I would like to share my CSM. I think it is very close to nasaps CSM. It is still in testing phase, so if you find any bug please report. Im total amateur in coding / excel / VBA but I hope it will help someone have a green day masofras {file} {image}
Thank you!
  • #31,338
  • May 27, 2015 10:00am May 27, 2015 10:00am
Quoting NewToForex14
{quote} fxrabbi and daytrade... thanks.

Time always comes before price
  • #31,339
  • May 27, 2015 10:18am May 27, 2015 10:18am
Quoting diallist
{quote} masofras! Most kind contribution! I thank you. I have questions which may simply be due to my not understanding how to interpret your nice CSM. 1. On the bottom row, the conditional formatting never takes the bottom row to green. Is there a reason for this? 2. On the top row, the conditional formatting goes green, yellow, lighter green, lighter yellow, dark orange, red. Are the colors supposed to alternate like that? I would have thought the greens then the yellows then the reds, as you did for the middle row. And here's the big question......
hello

thank you for kinds words I will try to answer your questions:

1. conditional formatting is used for one reason: read most of information in blink of eye so if you see in bottom row two digits (10.0+) (you recognize it fast) there is potential strength ( i tried to do it as simple as possible)

2. yes there are little differences but idea is : red= low strength and if strength is raising then is just added brightness etc. I think you will find your way how to work with... it is just question of time

3. both rows are calculated by relative strength. 2nd row is calculating quantity (how many pairs are "positive" or "negative") it is quite difficult to explain due to language It would be better if you simple click on cell in excel and it will show you way how it is calculated.
3rd row is average relative strength between pairs, main usage is sensitivity, i try to explain it(we are calculating EUR now): EUR has value 5 and USD has value 7... 5-7= -2 ....... EUR has value 6 and NZD has value 2 then 6-2=4 and result is (-2+4) / 2 (this is example is just shorted version how it is calculated)


I´m sorry for my english I tried to explain it as simple as possible but It is difficult for me. It just better if you click on cell in Excel and it will show you everything

masofras
  • #31,340
  • May 27, 2015 10:34am May 27, 2015 10:34am
Quoting hollandpippin
A good example of what i mean, Would u have taken the short trade then it would have been a Sl,but my short term trend indicator told me the trend was allready up so no trade (or just look at the DS1 another reason not to take a short trade here) {image}
Thanks hollandpippin. Yes saw the DS1 and didn't short it. But having a confirming short term trend ind is a great idea. If you don't mind sharing, what are you using as a short term trend ind ? Much appreciated.
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