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Attachments: As simple as possible: 00 level trading
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As simple as possible: 00 level trading

Quoting iwan73
NU S SL NJ S SL Both in sync. 2x USD, 3x JEN 8xNZD {image}
hello

You have to be careful at LO, many reverses there. As robinho said: Wait atleast 15M since LO and it save you some pips

masofras
EU +10 TP
Comment: don't know what happened, I have TP=50 but platform freezed for more than two minutes and then trade was closed largely in my favor.
In ICMarkets Demo goes this way at each hour change, luckily it seems this doesn't happen in real.
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Porta itineris dicitur longissima esse
Today I've began to look at new M5 Udine's system and I've just lost this good signal resulting in a quick TP while doing other things-
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Porta itineris dicitur longissima esse
Quoting iwan73
NU S SL NJ S SL Both in sync. 2x USD, 3x JEN 8xNZD {image}
Hi iwan73, I know that say it after it's easy, but I'm considering to remove NZDUSD & NZDJPY for several reasons including : I never took a trade on them, their ADR/ADR is usually low, I'm not trading during the asian session, I have no confidence at all in these pairs. They take up space and distract me, I think I'll substitute them with EU/GU Udine's M5 charts.
Porta itineris dicitur longissima esse
5M MBA took both of these last two LONG trades with eur/usd. both went beyond 5pips.
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EU to SL

I thought those long upper wick tell me the sellers are stronger.

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Numberman
GbpUsd to TP +5
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"Amat Victoria Curam" Victory Loves Preparation
Quoting numberman
EU to SL I thought those long upper wick tell me the sellers are stronger. {image} Numberman
candles cutting through the daily open inside your circle. direction uncertain. (IMHO)
Quoting bapakjason
{quote} candles cutting through the daily open inside your circle. direction uncertain. (IMHO)
that is what i think too.

Numberman
GbpUsd another trade to TP +5
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"Amat Victoria Curam" Victory Loves Preparation
Quoting daytrade5
GbpUsd another trade to TP +5 {image}
Hi daytrade5, nice trades

Can you explain the reason for both entries? I noticed they are not at the 00 level and also not Level 1/2 entries.

Thanks in advance
Do good and disappear...
Newbie corner: which script you use to put the pending order to the next 00/50 where i can insert TP/SL and add the spread plus the commission?!
Thanks!
no green square on this last eur/usd trade, but it went well. entered long after most recent aqua square.

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Quoting VinceHS
{quote} Hi daytrade5, nice trades Can you explain the reason for both entries? I noticed they are not at the 00 level and also not Level 1/2 entries. Thanks in advance
VinceHS,

I tend to trade the method as it was originally laid out on page 1 of the thread using 15min charts

SUMMARY TRADING RULES:

1. D1 & 1H candle color MUST be both red or both green
2. Entry ONLY the FIRST 00 level
3. Frankfurt open only .400/.500/.600 levels
4. London open all levels
5. No short @ .100 level
6. No long @ .900 level

I believe that Udine introduced Absolute Strength and HeikenAshi SW 800 pages into the thread. I am just trying to keep things as simple as possible inline with the spirit of the original post. Also on both trades I noticed that the GbpJpy was selling off hard actually leading the GbpUsd.
"Amat Victoria Curam" Victory Loves Preparation
Quoting marcoFF
Newbie corner: which script you use to put the pending order to the next 00/50 where i can insert TP/SL and add the spread plus the commission?! Thanks!
Hi Marco,

The EA is the WUKAR_WB_trail_v1_3_2e, there you can add pips for the commission and set the trailingstop and BE.
http://www.forexfactory.com/showthre...73#post7629773

The script can be found here:
http://www.forexfactory.com/showthre...12#post7894912

Kind regards,

Gizmo
Hi All,
I changed the risk% to 5, from today onwards and added the Parabolic SAR, like hollandpippin.

Here are my trades for today.

GBPJPY Sell -> TS
GBPJPY Sell -> TP
GBPUSD Sell -> TS
GBPJPY Short -> SL, MBA was not in sync with PSAR.
EURUSD Long -> TS, PSAR changed after placing my order
EURJPY Long -> TP
EURUSD Long -> TP
EURJPY Long -> TP
EURUSD Long -> TP

Have a nice weekend,

Kind regards,

Gizmo
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  • Post #31,437
  • Quote
  • Edited May 30, 2015 1:25am May 29, 2015 6:03pm | Edited May 30, 2015 1:25am
Quoting iwan73
{quote} Unfortunely i cant use your meter {image}
@iwan73

Does your broker add a suffix to your currency symbols?
Mine does. For example EURUSD is changed by my broker to EURUSDi (the letter " i " is appended to the end.)

To get the CSM spreadsheet to work for me I had to edit cells C4 through AD7 by appending an " i " after each currency symbol.

Then the CSM worked.
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Hi,
This is my first post in this very interesting thread. Thanks to Udine for sharing his trading style which I'm still learning.

Meanwhile, many people are using currency strength indicators and I'll leave here some I found that may be useful (there many ways to measure currency strength). Several show a curve over time and not just the current reading, which may be more useful than the giraia one.

I also found this web page: http://finviz.com/futures_charts.ashx?t=CURRENCIES&p=h1

Kind Regards,
Jaime
Attached File(s)
File Type: mq4 CurrencySlopeStrength.mq4   32 KB | 392 downloads
File Type: ex4 strMeter.ex4   20 KB | 311 downloads
File Type: mq4 ForexCurrencyIndex.mq4   25 KB | 390 downloads
File Type: mq4 StrengthMeter_wSuffix-mod2.mq4   15 KB | 373 downloads
File Type: mq4 StrengthMeterSession_1Session.mq4   22 KB | 358 downloads
File Type: mq4 CCFp_v1.0.3cvert.mq4   25 KB | 337 downloads
Quoting jmmac
Hi, This is my first post in this very interesting thread. Thanks to Udine for sharing his trading style which I'm still learning. Meanwhile, many people are using currency strength indicators and I'll leave here some I found that may be useful (there many ways to measure currency strength). Several show a curve over time and not just the current reading, which may be more useful than the giraia one. I also found this web page: http://finviz.com/futures_charts.ashx?t=CURRENCIES&p=h1 Kind Regards, Jaime {file} {file} {file} {file} {file}...
Thanks for posting all of these. I've given them a try, and the one that looks most appealing to me is the "StrengthMeter wSuffix-mod2." I've been wanting a histogram of the calculations that Giraia shows...this one has a histogram, but the calculations seem different than Giraia.

Do you have any idea on how the calculations are being done? Also, why are there 3 different bar displays? Or do you know where this indi was originally posted? Perhaps the info would be there.
Attached Image (click to enlarge)
Click to Enlarge Name: strength meter suffix mod.PNG Size: 57 KB
Quoting diallist
{quote} @iwan73 Does your broker add a suffix to your currency symbols? Mine does. For example EURUSD is changed by my broker to EURUSDi (the letter " i " is appended to the end.) To get the CSM spreadsheet to work for me I had to edit cells C4 through AD7 by appending an " i " after each currency symbol. Then the CSM worked.
I will try it after market open. THX for help.
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