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As simple as possible: 00 level trading

  • #32,041
  • Jun 30, 2015 2:15pm Jun 30, 2015 2:15pm
Quoting nasap
{quote} With no word I said that's not the truth! Kindly try to understand what is written and do not interpret something wrong! What I meant was to show losing trades also, thus others will not make same mistakes. Ok na? nasap
nasap my dear lady,

Do not worry. You said nothing to offend me. I understood what you meant in your post about sharing mistakes with others so they could learn to avoid them.
But in my reply, I tried to be humorous and facetious. But it appears that my attempt did not make it across the cultural and language barrier between us.

Such are the trials of using text for international communications. Much is lost or misinterpreted.

My apologies if I happened to offend you.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #32,042
  • Jun 30, 2015 4:55pm Jun 30, 2015 4:55pm
Nasap,

I think your missing some sense of humour. It was pretty obvious diallist was making a joke.

Relax...
Luck is where preparation meets opportunity.......
  • #32,043
  • Jun 30, 2015 11:21pm Jun 30, 2015 11:21pm
Quoting dan55
{quote} I find bid ratio also very useful for quick 5 pips.
Dear Dan55,
Can you explain how you use this Bid Ratio?
Thanks a lot.
best regards,
AllHappy
  • #32,044
  • Jul 1, 2015 12:08am Jul 1, 2015 12:08am
Quoting bapakjason
{quote} you inspired me to take one too, but on the 15min: only squeeked out 3.5 {image}
Jason,

I am somewhat responsible for this as I did not make my use of ASH clear enough. I see that now. Hopefully the image below will prove helpful.

I realize that to conform to Udine's rules, you could not take a long trade until price moved above the DO. But by time that happened, the move indicated by the ASH was nearly exhausted.

Remember how I said that the choice of currency pair via any of the CSM's has a shelf life? The older it is, the less reliable it is.
The same is true of the ASH indications for the chosen pair. It too has a shelf life, and loses potency over time.

Think of the CSM as rough tuning for choosing the pair, and the ASH is fine tuning for making a trade within the chosen pair.

Dial
Attached Image (click to enlarge)
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sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #32,045
  • Jul 1, 2015 12:17am Jul 1, 2015 12:17am
Quoting allhappy
{quote}.... Can you explain how you use this Bid Ratio?...
Yes, i will be happy to explain.

Its kinda useful like MADdash is (if you are following that thread).

I find BidRatio to be ultra fast indicator.

For example, if i have a Udine setup long (with psylevels +, CSM +, Dial's indi diverging )
i need either of two things:

a) all TFs in Bid ratio between 90-100 or
b) M15 in red and going up towards 50%. This is sure shot 5 pips trade(minimum)

When its a fakeout (even when Udine system is all go), M15 will keep decreasing and so will Dial indi's slope.

I know its hard to explain in words. I'll save few charts and post them later.

Meanwhile i suggest that you closely watch the BidRatio next to price when a setup happens. I learned same way.

Thanks.
  • #32,046
  • Jul 1, 2015 12:52am Jul 1, 2015 12:52am
Quoting dan55
{quote} .... I'll save few charts and post them later. Meanwhile i suggest that you closely watch the BidRatio next to price when a setup happens....
Here is a recent setup.
Attached Image(s) (click to enlarge)
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Attached Image
  • #32,047
  • Jul 1, 2015 1:45am Jul 1, 2015 1:45am
Quoting dan55
{quote} Yes, i will be happy to explain. Its kinda useful like MADdash is (if you are following that thread). I find BidRatio to be ultra fast indicator. For example, if i have a Udine setup long (with psylevels +, CSM +, Dial's indi diverging ) i need either of two things: a) all TFs in Bid ratio between 90-100 or b) M15 in red and going up towards 50%. This is sure shot 5 pips trade(minimum) When its a fakeout (even when Udine system is all go), M15 will keep decreasing and so will Dial indi's slope. I know its hard to explain in words. I'll save...
Dear Dan55,
Thanks a lot.
Let me study.
AllHappy
  • #32,048
  • Jul 1, 2015 1:50am Jul 1, 2015 1:50am
Quoting dan55
{quote} Here is a recent setup. {image} {image} {image} {image}
Thank you very much for this sequence of screen shots. This is extremely clear and insightful. -Jason
  • #32,049
  • Jul 1, 2015 1:52am Jul 1, 2015 1:52am
Quoting diallist
{quote} Jason, I am somewhat responsible for this as I did not make my use of ASH clear enough. I see that now. Hopefully the image below will prove helpful. I realize that to conform to Udine's rules, you could not take a long trade until price moved above the DO. But by time that happened, the move indicated by the ASH was nearly exhausted. Remember how I said that the choice of currency pair via any of the CSM's has a shelf life? The older it is, the less reliable it is. The same is true of the ASH indications for the chosen pair. It too has...
Dial, thank you for your time investment and clear explanation. Both of them are appreciated! -Jason
  • #32,050
  • Jul 1, 2015 1:56am Jul 1, 2015 1:56am
Quoting dan55
{quote} Here is a recent setup. {image} {image} {image} {image}
Good post dan, very clear and also good example of the diverging ASH lines.
Persistence will get it. Consistency will keep it.
  • #32,051
  • Jul 1, 2015 1:59am Jul 1, 2015 1:59am
Diallist, thanks for informative good post too.
Persistence will get it. Consistency will keep it.
  • #32,052
  • Jul 1, 2015 2:06am Jul 1, 2015 2:06am
Good morning everybody,

GBP/JPY +3.6, FKT open, H1 system, closed manually due tue I didn't see enough momentum. Be careful, today is full of red news. Good luck & stay green.
Attached Image(s) (click to enlarge)
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  • #32,053
  • Jul 1, 2015 2:10am Jul 1, 2015 2:10am
Quoting diallist
{quote} Jason, I am somewhat responsible for this as I did not make my use of ASH clear enough. I see that now. Hopefully the image below will prove helpful. I realize that to conform to Udine's rules, you could not take a long trade until price moved above the DO. But by time that happened, the move indicated by the ASH was nearly exhausted. Remember how I said that the choice of currency pair via any of the CSM's has a shelf life? The older it is, the less reliable it is. The same is true of the ASH indications for the chosen pair. It too has...
Dial,
I'm not trying to "monkey around" too much with the ASH indicator, but I've added levels to just get a feel for strength. Have you (or anyone else) noticed any significance in regards to how high the indi goes? Or mostly just noticing slope/convergence/divergence? -Jason
below is a screen shot of recent 15min chart gbp/aud with levels added: (0.0005, 0.001)

Attached Image (click to enlarge)
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  • #32,054
  • Jul 1, 2015 2:12am Jul 1, 2015 2:12am
Thank you Jason and Chake for your time.
  • #32,055
  • Jul 1, 2015 2:18am Jul 1, 2015 2:18am
Quoting bubincka
{quote} Hi diallist, I found it myself going on to read the thread where the indi is posted, anyway thank you for supporting. Best, Bubincka P.S. You are very kind and clear in your exposure: it's a pity that you post few charts. One thing that helped me a lot is your explanation on ASH & divergences to catch momentum.
I'm glad you found value in some of my posts. The reason I don't post more trade screenshots are three:

1. My trades are not strictly by Udine's rules and that makes them off topic for this thread.

2. Because my trades are not strictly Udine compliant, I think it would cause confusion.

3. I simply don't have time. I'm already spending too much of my time in this forum as it is. I really need to step away for a while.

I wish you many green pips for years to come
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #32,056
  • Jul 1, 2015 2:21am Jul 1, 2015 2:21am
Quoting bapakjason
{quote} Dial, I'm not trying to "monkey around" too much with the ASH indicator, but I've added levels to just get a feel for strength. Have you (or anyone else) noticed any significance in regards to how high the indi goes? Or mostly just noticing slope/convergence/divergence? -Jason below is a screen shot of recent 15min chart gbp/aud with levels added: (0.0005, 0.001) {image}
Nope. I don't look at levels, or how high it goes. There may be value in that, but I'm not using anything other that what I described earlier.

Take care

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #32,057
  • Jul 1, 2015 2:41am Jul 1, 2015 2:41am
Quoting diallist
{quote} Nope. I don't look at levels, or how high it goes. There may be value in that, but I'm not using anything other that what I described earlier. Take care Dial
Weldone, great service to all.

Cheers,
Yomi
Time always comes before price
  • #32,058
  • Jul 1, 2015 2:46am Jul 1, 2015 2:46am
EURJPY to BE +10pips.

Trade Ideas:

1. M30 Level 1 Entry.
2. Sync in pairs.
3. Strength.
4. Momentum.
5. Volume.

Cheers,
Yomi
Attached Image (click to enlarge)
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Time always comes before price
  • #32,059
  • Jul 1, 2015 3:24am Jul 1, 2015 3:24am
Quoting diallist
{quote} I'm glad you found value in some of my posts. The reason I don't post more trade screenshots are three: 1. My trades are not strictly by Udine's rules and that makes them off topic for this thread. 2. Because my trades are not strictly Udine compliant, I think it would cause confusion. 3. I simply don't have time. I'm already spending too much of my time in this forum as it is. I really need to step away for a while. I wish you many green pips for years to come
sorry but bad excuse.

i am a professional trader and always have a trade journal with charts.
when i save my charts i have additional 10-20seconds left to post here charts like others...

but no offense

birdland
trading is like dancing, don't think and just listen to the music!
  • #32,060
  • Jul 1, 2015 3:43am Jul 1, 2015 3:43am
Quoting fxrabbi
EURJPY to BE +10pips. Trade Ideas: 1. M30 Level 1 Entry. 2. Sync in pairs. 3. Strength. 4. Momentum. 5. Volume. Cheers, Yomi {image}
Well done Yomi! I love reading your posts!

I didn't place that trade because one of the Absolute Strength indicators was still green. It didn't bother you?
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