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00 Level Trading: EsikeM30Bomb

  • #141
  • Jul 7, 2015 8:25am Jul 7, 2015 8:25am
Quoting BilboFX
{quote} Dear Yomi, I'm missing something or the rules has changed? I can't see in your chart the M30 level 1 setup conditions, neither the 5EMA cross as you teach us in post 1, 2 and 3. could you please explain this entry decision and the one in post 137 also. Cheers; BilboFX
That is my new way of trading now: Pure PA around breakout and pullback.

Cheers,
Yomi
Time always comes before price
  • #142
  • Jul 7, 2015 8:25am Jul 7, 2015 8:25am
I believe Yomi trades full-time for a living, so in a way he "needs" to take his trades everyday and perhaps sometimes with some extra risk...
but as he knows his system inside out so well, he is able to factor in many other details besides going into a simple "checklist" of both hard and soft rules of the system, meaning, sometimes some parameters will look like they are bending the rules (which they are) but are the natural result of training, intuition and many hours of screen time that allow him to skip a variable or two from the rules and still end up in the green. This should be done only by advanced traders of this method, all the others must stick to the hard rules, follow them and will undoubtebly be profitable.
Remember that trading is more of an art than a science.
my 2 cents
  • #143
  • Jul 7, 2015 8:37am Jul 7, 2015 8:37am
Quoting tradista
I believe Yomi trades full-time for a living, so in a way he "needs" to take his trades everyday and perhaps sometimes with some extra risk... but as he knows his system inside out so well, he is able to factor in many other details besides going into a simple "checklist" of both hard and soft rules of the system, meaning, sometimes some parameters will look like they are bending the rules (which they are) but are the natural result of training, intuition and many hours of screen time that allow him to skip a variable or two from the rules and still...
Well said. Having said that, the set ups given by Yomi at the start of the thread are extremely high probability trade set ups.
  • #144
  • Jul 7, 2015 8:51am Jul 7, 2015 8:51am
Quoting tradista
I believe Yomi trades full-time for a living, so in a way he "needs" to take his trades everyday and perhaps sometimes with some extra risk... but as he knows his system inside out so well, he is able to factor in many other details besides going into a simple "checklist" of both hard and soft rules of the system, meaning, sometimes some parameters will look like they are bending the rules (which they are) but are the natural result of training, intuition and many hours of screen time that allow him to skip a variable or two from the rules and still...

My Brother you are rigth
Time always comes before price
  • #145
  • Jul 7, 2015 8:53am Jul 7, 2015 8:53am
Quoting bapakjason
{quote} Well said. Having said that, the set ups given by Yomi at the start of the thread are extremely high probability trade set ups.

Time always comes before price
  • #146
  • Jul 7, 2015 12:21pm Jul 7, 2015 12:21pm
I use mean value analysis (theory of probability) to help determine a lot of things on a price chart which you might not have taught was possible:

1. Trend Direction.
2. Trend Strength & Momentum.
3. Signs of Trend Climax/Exhaustion.
4. Ideal Buying and Selling Hot Spots.
5. Over Extension in price/Mean Reversion Trade Opportunities.

That has made me to change the following:

1. Timeframe: M30 to M15.
2. SL : 20pips to 10pips.
3. TP : 20pips.
4. BE : 10pips.


Cheers,
Yomi.
Time always comes before price
  • #147
  • Jul 8, 2015 1:57am Jul 8, 2015 1:57am
GBPJPY = +7pips Manually exit.

Trade Ideas:

1. L1 setup.
2. Sync in pairs.
3. Strength.

Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 57 KB
Time always comes before price
  • #148
  • Jul 8, 2015 2:05am Jul 8, 2015 2:05am
Hi All.

I believe this trade the entry was meet all the entry requirement.
Fxrabbi, why my TP always stop at 10pips, the trade should be TP at 20pips.
May i know what is the setting of the expert advisors?

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 61 KB
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  • #149
  • Jul 8, 2015 2:10am Jul 8, 2015 2:10am
Quoting MosesNMY
Hi All. I believe this trade the entry was meet all the entry requirement. Fxrabbi, why my TP always stop at 10pips, the trade should be TP at 20pips. May i know what is the setting of the expert advisors? Thanks. {image}
Perfectly ok, check setting at expert advisors on your chart, the setting should be there.

cheers,
Yomi
Time always comes before price
  • #150
  • Jul 8, 2015 2:13am Jul 8, 2015 2:13am
EURJPY to BE = +10pips.


Trade Ideas:

1. L1 setup.
2. Sync in pairs.
3. Strength.

Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 56 KB
Time always comes before price
  • #151
  • Jul 8, 2015 2:13am Jul 8, 2015 2:13am
Quoting fxrabbi
{quote} Perfectly ok, check setting at expert advisors on your chart, the setting should be there. cheers, Yomi
Hi.

Fxrabbi, can help me check my setting?
Is my setting same as yours?

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 97 KB
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  • #152
  • Jul 8, 2015 2:22am Jul 8, 2015 2:22am
Quoting MosesNMY
{quote} Hi. Fxrabbi, can help me check my setting? {image}
That is my setting for M30.

But if you want to trade M15:

1. TP = 20pips.
2. BE = 10pips.
3. SL = 10pips.

NB: To trade M15 you have to be more experience and add more of PA.

Cheers,
Yomi
Time always comes before price
  • #153
  • Jul 8, 2015 2:22am Jul 8, 2015 2:22am
Yomi,

I'm applying the ema 5 break out indi to the L1 Udine set ups. Its a great trade for sure.

Thanks for sharing.

Jason

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD july8.png Size: 103 KB
  • #154
  • Jul 8, 2015 2:35am Jul 8, 2015 2:35am
Quoting fxrabbi
{quote} That is my setting for M30. But if you want to trade M15: 1. TP = 20pips. 2. BE = 10pips. 3. SL = 10pips. NB: To trade M15 you have to be more experience and add more of PA. Cheers, Yomi
Hi.

Currently i only will trade M30 coz i'm still in learning process.
Will trade M15 when gain more experience.

Thanks.
Trade With PDF & Wisdom
  • #155
  • Jul 8, 2015 2:39am Jul 8, 2015 2:39am
Quoting bapakjason
Yomi, I'm applying the ema 5 break out indi to the L1 Udine set ups. Its a great trade for sure. Thanks for sharing. Jason {image}
I'm glad it works for you.

Yomi
Time always comes before price
  • #156
  • Jul 8, 2015 2:40am Jul 8, 2015 2:40am
Quoting MosesNMY
{quote} Hi. Currently i only will trade M30 coz i'm still in learning process. Will trade M15 when gain more experience. Thanks.
Better.
Time always comes before price
  • #157
  • Jul 8, 2015 2:46am Jul 8, 2015 2:46am
Quoting fxrabbi
{quote} Better.
Hi.

Sometimes i have no time to see the monitor because busy work.
Only when i free can see the monitor and watch any potential trade.
Because i wan to be like u all as full time trader, no need to pressurize by the work anymore.
Hope my dream can come true one day.

Thanks.
Trade With PDF & Wisdom
  • #158
  • Jul 8, 2015 3:04am Jul 8, 2015 3:04am
Quoting MosesNMY
{quote} Hi. Sometimes i have no time to see the monitor because busy work. Only when i free can see the monitor and watch any potential trade. Because i wan to be like u all as full time trader, no need to pressurize by the work anymore. Hope my dream can come true one day. Thanks.
Amen.
Time always comes before price
  • #159
  • Jul 8, 2015 3:13am Jul 8, 2015 3:13am
Quoting MosesNMY
Hi All. I believe this trade the entry was meet all the entry requirement. Fxrabbi, why my TP always stop at 10pips, the trade should be TP at 20pips. May i know what is the setting of the expert advisors? Thanks. {image}

Please, exploit reoccurring price patterns that continue to repeat themselves in the same fashion, and takes this as your edge. The master will always says "arise and repeat".

Always takes your best setups ( low risk, high probability setups - AAA / A+).

Cheers,
Yomi.
Time always comes before price
  • #160
  • Jul 8, 2015 3:37am Jul 8, 2015 3:37am
L2 entry +10
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30L2.png Size: 54 KB
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