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As simple as possible: 00 level trading

  • #31,741
  • Edited 4:02am Jun 15, 2015 3:51am | Edited 4:02am
Quoting Emmpoli
{quote} nice results. the blue and the magenta line, i'm assuming the represent strenght. can you share the indi with your settings. thanks and more green pips to you
The attached ASH gives the wavy lines.
Use the same settings as for the ASH2 (which gives the bars) so the color changes will be in sync between ASH2 and ASH.
Settings are 0,5,4,3,0,1,3

If adding via Insert > Indicators > Custom gives you bars instead of wavy lines, try dragging the indicator from the Navigator Pane onto your chart.
Attached File(s)
File Type: mq4 AbsoluteStrenghtHisto.mq4   8 KB | 674 downloads
File Type: ex4 AbsoluteStrenghtHisto.ex4   17 KB | 600 downloads
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  • #31,742
  • Jun 15, 2015 3:56am Jun 15, 2015 3:56am
Quoting Asmodai
{quote} Hi diallist.... great results. You only trading Udine's 4 pairs, right? Asmodai
Hi Asmodai! and thanks.

I trade whichever pair is 1x8 at the time of an L4 or L3 entry, provided the spread isn't too high. If it is, I'll take a look at the 1x7 and 2x8 pairs.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #31,743
  • Jun 15, 2015 3:58am Jun 15, 2015 3:58am
chicken out with 2 pips because i didn't like what i saw and it turned out to be the right decision. done for today, lets see if this can continue consistently. green pips to all. my second pending order arrow indicating whether my has hit tp or sl is not showing, i need suggestion on how to rectify this. I use MT TRD script to set pending order and I manage the trade with ERIC'S wukar 2.1.1e. thanks
Attached Image (click to enlarge)
Click to Enlarge Name: trade 2.png Size: 89 KB
  • #31,744
  • Jun 15, 2015 3:59am Jun 15, 2015 3:59am
Quoting mwsteiner
{quote} Hi diallist, do you know how to set the ASH? mine always shows bars. Greetz Michael
Use the one in post 31743. If you're getting bars you're probably using ASH2 instead of plain ol' ASH.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #31,745
  • Jun 15, 2015 4:01am Jun 15, 2015 4:01am
Quoting fxrabbi
{quote} Hope you are on point too
yes bro, done for the day with plus 12. need to do other stuff. good luck to you. will drop a message for you later.
  • #31,746
  • Jun 15, 2015 4:03am Jun 15, 2015 4:03am
Quoting diallist
{quote} The attached ASH gives the wavy lines. Use the same settings as for the ASH2 (which gives the bars) so the color changes will be in sync between ASH2 and ASH. Settings are 0,5,4,3,0,1,3 If adding via Insert > Indicators > Custom gives you bars instead of wavy lines, try dragging the indicator from the Navigator Pane onto your chart. {file} {file}
thank you. let me set it up
  • #31,747
  • Jun 15, 2015 4:08am Jun 15, 2015 4:08am
Quoting Emmpoli
{quote} yes bro, done for the day with plus 12. need to do other stuff. good luck to you. will drop a message for you later.
ok
Time always comes before price
  • #31,748
  • Jun 15, 2015 4:28am Jun 15, 2015 4:28am
Quoting diallist
{quote} Use the one in post 31743. If you're getting bars you're probably using ASH2 instead of plain ol' ASH.
TY!

greetzk
  • #31,749
  • Jun 15, 2015 5:23am Jun 15, 2015 5:23am
Quoting fxrabbi
BE = +10pips on EURUSD Trade Ideas: 1. Sync in pairs. 2. Strength. 3. Volume. Cheers, Yomi {image}

please share how are you determining sync.

Thanks
  • #31,750
  • Jun 15, 2015 5:37am Jun 15, 2015 5:37am
not one of my most favourite setup but it did the Job. really done for today with plus 22.
Attached Image (click to enlarge)
Click to Enlarge Name: trade3.png Size: 91 KB
  • #31,751
  • Jun 15, 2015 5:45am Jun 15, 2015 5:45am
Quoting dagoods
{quote} please share how are you determining sync. Thanks
There are so many ways to determine sync status of pairs, but one of them is with the Psylevels Dashboard and very reliable. You can see the attached chart with the yellow circle. EURUSD and it counter-part EURJPY.

Hope this helps.

Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 72 KB
Time always comes before price
  • #31,752
  • Jun 15, 2015 6:02am Jun 15, 2015 6:02am
Quoting fxrabbi
{quote} There are so many ways to determine sync status of pairs, but one of them is with the Psylevels Dashboard and very reliable. You can see the attached chart with the yellow circle. EURUSD and it counter-part EURJPY. Hope this helps. Yomi {image}

Thanks Yomi. I'm interested to learn the logic behind that. What exactly does the indicator do? What exactly are the sync criteria we should look for in order to confirm our trade is more likely to be profitable? As you know this stuff cant be back tested so any help is truly appreciated.

found this >>

http://newdigital-world.com/trading-...al-levels.html makes no sense to me at all
  • #31,753
  • Jun 15, 2015 6:24am Jun 15, 2015 6:24am
Quoting dagoods
{quote} Thanks Yomi. I'm interested to learn the logic behind that. What exactly does the indicator do? What exactly are the sync criteria we should look for in order to confirm our trade is more likely to be profitable? As you know this stuff cant be back tested so any help is truly appreciated.
First of all, I trade only Udine recommended pairs which are:

1. EURUSD
2. EURJPY
3. GBPUSD
4. GBPJPY

These are the pairing:

1. EURUSD counter-part EURJPY
2. GBPUSD counter-part GBPJPY

NB: if you trade other pairs apart from the above, you need to find their correlated/couter-part pairs, and input the currencies into the psylevels Dashboard.

Area of concentration is to look at what each of the pairings are doing at H1, H4 and D1. And if they are doing the same thing, then you are good to hit the button. This Psylevels Dashboard are use for many other things, but this is what I use it for. Some use the Daily Open to determine sync status.

Hope this helps,

Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 72 KB
Time always comes before price
  • #31,754
  • Jun 15, 2015 6:35am Jun 15, 2015 6:35am
Quoting fxrabbi
{quote} First of all, I trade only Udine recommended pairs which are: 1. EURUSD 2. EURJPY 3. GBPUSD 4. GBPJPY These are the pairing: 1. EURUSD counter-part EURJPY 2. GBPUSD counter-part GBPJPY NB: if you trade other pairs apart from the above, you need to find their correlated/couter-part pairs, and input the currencies into the psylevels Dashboard. Area of concentration is to look at what each of the pairings are doing at H1, H4 and D1. And if they are doing the same thing, then you are good to hit the button. This Psylevels Dashboard are use for...

thank you Yomi. yes that is a very good explanation. I guess the confusion stems form the fact that the psy levels dash appears to me to simply be based on candle color and therefore is not truly sync, i.e. correlation necessarily, according to my understanding of the definition of sync based on the posts of nasap and others in the thread. I understood sync to be a measure of correlation which is a very specific calculation: to measure togetherness. But i am appreciative of the fact that when pairs are moving together they are moving together regardless of how you determine it. I'm one of those people that is always for the best way. Thanks again for the help!
  • #31,755
  • Edited 7:06am Jun 15, 2015 6:42am | Edited 7:06am
Quoting dagoods
{quote} thank you Yomi. yes that is a very good explanation. I guess the confusion stems form the fact that the psy levels dash appears to me to simply be based on candle color and therefore is not truly sync, i.e. correlation necessarily, according to my understanding of the definition of sync based on the posts of nasap and others in the thread. I understood sync to be a measure of correlation which is a very specific calculation: to measure togetherness. But i am appreciative of the fact that when pairs are moving together they are moving together...
Furthermore, If you have a good sell setup on EURUSD. While EURJPY is doing buy, is good to leave the 2 pairs alone, thats is the logic. This has save me, a lot of time.
Time always comes before price
  • #31,756
  • Jun 15, 2015 6:57am Jun 15, 2015 6:57am
Quoting diallist
{quote} 1. I use primarily L4 & L3 entries on the M30 chart. In other words, The L4, which is the original entry used at the beginning of the 00 thread is at the beginning of the hour. The L3 is at the beginning of the half hour. Right before either of these I... 2. Use the CSM's to choose a currency. I try to pick the 1x8, but if the spread is too high I may choose the 2x8 or the 1x7 if thier spread is lower. 3. I monitor what the pair does during the first 5 to 15 minutes of the entry, per Robinho to see if the direction of movement is in agreement...
thank you for your time and detailed explanation. Very generous of you to share. If it's not too much to ask, and if you feel it would be beneficial/appropriate, could you post one or two screen shots of your 5m entries?
thank you for considering this- Jason
  • #31,757
  • Jun 15, 2015 7:34am Jun 15, 2015 7:34am
Quoting bapakjason
{quote} thank you for your time and detailed explanation. Very generous of you to share. If it's not too much to ask, and if you feel it would be beneficial/appropriate, could you post one or two screen shots of your 5m entries? thank you for considering this- Jason
Robinho asked that we not discuss his M5 setup in this forum. I only mentioned it for the sake of completeness in answering how I'm currently trading.
Refer back to my post 31742 for details. It's not difficult, really it's not. Just a matter of practice and observing what the chart is doing.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #31,758
  • Jun 15, 2015 7:56am Jun 15, 2015 7:56am
Hi

Is there any indicator to show 20 pairs Room to up / Room to down on one chart.... Like we see ADR /ATR of 20 pairs as list on one chart.

Thanks
  • #31,759
  • Jun 15, 2015 8:03am Jun 15, 2015 8:03am
Quoting fxrabbi
{quote} First of all, I trade only Udine recommended pairs which are: 1. EURUSD 2. EURJPY 3. GBPUSD 4. GBPJPY These are the pairing: 1. EURUSD counter-part EURJPY 2. GBPUSD counter-part GBPJPY NB: if you trade other pairs apart from the above, you need to find their correlated/couter-part pairs, and input the currencies into the psylevels Dashboard. Area of concentration is to look at what each of the pairings are doing at H1, H4 and D1. And if they are doing the same thing, then you are good to hit the button. This Psylevels Dashboard are use for...
Happy to see you are doing a great job!

nasap
The little nut in your head is called brain. Use it!
  • #31,760
  • Jun 15, 2015 8:20am Jun 15, 2015 8:20am
Quoting diallist
{quote} Robinho asked that we not discuss his M5 setup in this forum. I only mentioned it for the sake of completeness in answering how I'm currently trading. Refer back to my post 31742 for details. It's not difficult, really it's not. Just a matter of practice and observing what the chart is doing.
Fair enough. Thanks for your detailed description. I genuinely appreciate the step by step thought process. -Jason
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