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00 Level Trading: EsikeM30Bomb

  • #21
  • Jun 26, 2015 10:32am Jun 26, 2015 10:32am
Quoting naveel
Hi! Can you please explain rules about Type 1 and type 2 entries? Thanks!
Setup Type 1:

The 5ema will cross (that is the red or lime arrow) at the color changed candle.


Setup Type 2:

The 5ema will cross (the red or lime arrow) at the candle before the color changed candle.

NB:
The Structure of this system is M30 Level 1: that is the Price to price (1440) color must be established first, and then the ASH changes to match it, ( indicators in window 2 must established first and indicators in window 1 then changes to match with indicators in window 2).

Hope its Clear.

Yomi
Time always comes before price
  • #22
  • Edited 1:34pm Jun 26, 2015 11:12am | Edited 1:34pm
The components of this trading system/thread are:

1. M30 level 1 entry - core/bedrock/structure.

2. 5ema - Momentum.

3. PsylevelsDashboard - To see Sync in pairs.

4. Currency Strength - Giraia - Strength.

5. Volume Suite - Volume.

6. MACD_ColorHis_Alert - Direction.

NB: Items 2 - 6 should line up with item 1 to make our entries/trades low risk and high probability trades.

Thank you,
Yomi
Time always comes before price
  • #23
  • Jun 26, 2015 11:13am Jun 26, 2015 11:13am
Quoting fxrabbi
{quote} Setup Type 1: The 5ema will cross (that is the red or lime arrow) at the color changed candle. Setup Type 2: The 5ema will cross (the red or lime arrow) at the candle before the color changed candle. NB: The Structure of this system is M30 Level 1: that is the Price to price (1440) color must be established first, and then the ASH changes to match it, ( indicators in window 2 must established first and indicators in window 1 then changes to match with indicators in window 2). Hope its Clear. Yomi
Thanks!

All clear now!
  • #24
  • Jun 26, 2015 11:21am Jun 26, 2015 11:21am
Quoting naveel
{quote} Thanks! All clear now!
Good, so let start making money like Udine, nasap, Masterrmind, jibalapasan, diallist, TAH, etc etc....
Time always comes before price
  • #25
  • Jun 26, 2015 1:34pm Jun 26, 2015 1:34pm
Hi Fxrabbi,

Thanks for opening a great thread. subscribed


Best Regard.
  • #26
  • Jun 26, 2015 2:12pm Jun 26, 2015 2:12pm
Quoting fxrabbi
Tradinig is part of my life and M30 level 1 entry is the main parts of my trading style. I appreciated lots of traders from As simple as possible: 00 level trding, espicially Udine. The purpose of this new thread is to help new traders and continue the improvement to old traders, which the wrongly pushed of As simple as possible: 00 level trading to commercial content has been affected, this has also prevented new traders from seeing this beautiful trading system on daily basis, which made some of us a better/good traders. Here, in this thread,...

Great start fxrabbi. I have been following the Udine thread for a while and while I haven't been successful, it isn't because of the system. It has been because I keep trying to tweak every method or system I try. My issue with the regular 00 level method is the upside-down RR ratio. I know there are successful traders using it but I can't seem to wrap my head around it. So, I have wandered off to many other methodologies and have floundered in my results. Something keeps bringing me back to to 00 level trading and now with your help, I hope I can make this work. I just have a couple questions:

1. When you say "Check ADR, DOL, ATR, DPP", DOL is referring to daily open line and DPP is referring to pivot?
2. Can you clarify "Wait for retrace of not more than four M30 candles and not too deep than H1 before re-entry"?


Looking forward to learning here. Thanks for sharing!

PJ
  • #27
  • Jun 26, 2015 4:10pm Jun 26, 2015 4:10pm
" Great start fxrabbi. I have been following the Udine thread for a while and while I haven't been successful, it isn't because of the system. It has been because I keep trying to tweak every method or system I try. My issue with the regular 00 level method is the upside-down RR ratio. I know there are successful traders using it but I can't seem to wrap my head around it. So, I have wandered off to many other methodologies and have floundered in my results. Something keeps bringing me back to to 00 level trading and now with your help, I hope I can make this work "

  • #28
  • Jun 26, 2015 5:10pm Jun 26, 2015 5:10pm
Quoting swingdjpj
{quote} Great start fxrabbi. I have been following the Udine thread for a while and while I haven't been successful, it isn't because of the system. It has been because I keep trying to tweak every method or system I try. My issue with the regular 00 level method is the upside-down RR ratio. I know there are successful traders using it but I can't seem to wrap my head around it. So, I have wandered off to many other methodologies and have floundered in my results. Something keeps bringing me back to to 00 level trading and now with your help, I...
1. For the benefit of new traders:


* ADR - Average Daily Range.

* DOL - Daily Open Line.

* ATR - Average True Range.

* DPP - Daily Pivot Pionts.


2. Rule No. 8 stated that you should wait for retrace of not more than four M30 candles and not too deep than H1 ( Price To Open - 60 ) before re-entry. My preferred setup is the M30 level 1 - which is a new/fresh trend or breakout trend and sometime we may want to take our trade from a retracement, that means the pullback must not be more than four(4) candles of M30 or/and the color change must not go beyond Price To Open - 60 of the 3 indicators in window 2.

Illustration:

Window 2:

1. Price To Open (1440 - down) - color change - NO.

2. Price To Open (240 - middle) - color change - NO.

3. Price To Open (60 - up) - color change - YES.

NB: the implication of this is that the trend is still very strong to follow it original direction.

Hope its clear, if not let me know.

Thank you,
Yomi
Time always comes before price
  • #29
  • Jun 26, 2015 5:28pm Jun 26, 2015 5:28pm
Quoting fxrabbi
{quote} 1. For the benefit of new traders: * ADR - Average Daily Range. * DOL - Daily Open Line. * ATR - Average True Range. * DPP - Daily Pivot Pionts. 2. Rule No. 8 stated that you should wait for retrace of not more than four M30 candles and not too deep than H1 ( Price To Open - 60 ) before re-entry. My preferred setup is the M30 level 1 - which is a new/fresh trend or breakout trend and sometime we may want to take our trade from a retracement, that means the pullback must not be more than four(4) candles of M30 or/and the color change must...
Thanks for the quick reply. That helps.
  • #30
  • Edited 6:52pm Jun 26, 2015 6:28pm | Edited 6:52pm
I don't know why a new thread was moved to commercial content - a thread of less than 24 hours. Well I have written Twee, let hope he's going to do the needful by returning our thread back to trading system for the benefit of new traders. The letter I wrote him is attached here:



00 level trading: EsikeM30Bomb

 

  1. Today at 12:20 AM

To

  1. [email protected]


The above captions refer:

I open the above thread under less than 24 hours and the said thread was moved to commercial content for no reason.

A similar thread was run by Udine which was move to commercial content, in which I felt was wrong and this will not afford new traders to see the beautiful thread on daily basis, hence I now open my own thread for the benefit of new traders which FF was know for. I'm a full-time trader without any plan in future to sell anything. Kindly use your good office to do the needful by returning my thread back to where it belong: trading system.

Thanking you in advance.

Yomi

Time always comes before price
  • #31
  • Jun 28, 2015 5:46am Jun 28, 2015 5:46am
Hi,fxrabbi

Is this system work for other pair also,like AUDUSD,USDJPY,USDCHF,USDCAD?


Thanks for sharing fxrabbi
  • #32
  • Jun 29, 2015 1:21am Jun 29, 2015 1:21am
Quoting Jascinta
Hi,fxrabbi Is this system work for other pair also,like AUDUSD,USDJPY,USDCHF,USDCAD? Thanks for sharing fxrabbi

Yes, but try to stay within those 4 core pairs.

Cheers,
Yomi.
Time always comes before price
  • #33
  • Jun 29, 2015 2:04am Jun 29, 2015 2:04am
Yomi
Could you expand a little on Rule 2. Check ADR (Average Daily Range), DOL (Daily Open Line), ATR (Average True Range), DPP (Daily Pivot Points) ?
How do you read these and take your decision for entry based on each ?
Thank you.
  • #34
  • Edited 4:50am Jun 29, 2015 3:28am | Edited 4:50am
Quoting tradista
Yomi Could you expand a little on Rule 2. Check ADR (Average Daily Range), DOL (Daily Open Line), ATR (Average True Range), DPP (Daily Pivot Points) ? How do you read these and take your decision for entry based on each ? Thank you.

ADR:

In this trading system, you need the pairs that move very well, and for you to determine pairs that move very well, ADR is one of the tools that reveal this. It always good to go for bigger ADR numbers.

DOL:

This reveal the trend/direction of the pairs you are trading. When price is above the daily open that means uptrend and when price below the daily open that means downtrend, and if price is pissing/lurking around the daily open that means no clear direction.

ATR:

For the purpose of this trading system, I use ATR to determine the velocity (speed) in a particular candlestick. It gives me the confidence to take a trade knowing that within 3 candlesticks I may get my required TP. And also if the size of the last candle is more than double the ATR of that pairs for that day, I will avoid that trade/setup.

This is the formular to get the ATR for M30:

60 / 30 = 2 * 24 = 48

:. 48 * 10 days = 480.


DPP:

This works like the Daily Open Line, and is universal/widely recognize by most traders. I don't normally like it to come in between my Take profit. I do respect the aspect of it S1+R1 very much.

Hope this helps.

Cheers,
Yomi
Time always comes before price
  • #35
  • Jun 29, 2015 5:42am Jun 29, 2015 5:42am
Interesting thread fxrabbi. Thanks.
I like your contributions : it's a very good synthesis...
I sincerely hope you will be as successful as Udine and that you will collaborate together !
Cheers.
  • #36
  • Jun 29, 2015 5:56am Jun 29, 2015 5:56am
Hi Yomi,

I am happy to see your new thread here!

I've been following your progress in Udine's thread with great interest, and I expect this thread will be a great help to many people. Udine said you've just reduced your spare time. I'd say you're a glutton for punishment! Seriously though, helping others can be very rewarding and I wish you many rewards from your hosting of this new thread of yours.

Congrats, and keep up the good work!

Dial
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  • #37
  • Jun 29, 2015 6:39am Jun 29, 2015 6:39am
Hi, I'm adjusting and testing this method. I can think, that by using the script for purchase / sale, get a fixed lotage 1.28. I can not change it, anyone can help? Thank You.
  • #38
  • Jun 29, 2015 6:54am Jun 29, 2015 6:54am
Quoting fxrabbi
{quote} Yes, but try to stay within those 4 core pairs. Cheers, Yomi.

Ok,Thanks fxrabbi


Can i know how you set the sleeptight trade manager??


Very appreciated your great thread
  • #39
  • Edited 7:50am Jun 29, 2015 7:36am | Edited 7:50am
Quoting diallist
Hi Yomi, I am happy to see your new thread here! I've been following your progress in Udine's thread with great interest, and I expect this thread will be a great help to many people. Udine said you've just reduced your spare time. I'd say you're a glutton for punishment! Seriously though, helping others can be very rewarding and I wish you many rewards from your hosting of this new thread of yours. Congrats, and keep up the good work! Dial
Thank you, the great diallist, I'm happy to see you here too. You are a great inspiration to some of us, over 11 yrs in FF and still going stronger, weldone.

Thank you,
Yomi
Time always comes before price
  • #40
  • Jun 29, 2015 7:38am Jun 29, 2015 7:38am
Quoting Jascinta
{quote} Ok,Thanks fxrabbi Can i know how you set the sleeptight trade manager?? Very appreciated your great thread

My setting come with the templates.
Time always comes before price
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