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The sacred edge 2.0

  • #21
  • Jul 13, 2015 5:34am Jul 13, 2015 5:34am
Quoting Robertk
{quote} What happened? You had your levels right. "CSM" ? Whats that?
yes Rob, i had my levels right. CSM is currency strength meter. A concept introduced to me by my freind vlad as a filter. But the csm i use is different from vlads. i wasnt using csm in the past when i got good enteries. So im scraping my csm filter. Will take the regular sacred edge entry technice. My entries witout csm are GU 1.5550, EJ 137.70 AND CADJPY entry should be 132 but i mistakenly entered early. So stop at BE now to exit that trade or if im lucky it can go down and give an exit signal to exit.
  • #22
  • Jul 13, 2015 5:53am Jul 13, 2015 5:53am
Quoting ephisi
{quote}yes Rob, i had my levels right. CSM is currency strength meter. A concept introduced to me by my freind vlad as a filter. But the csm i use is different from vlads. i wasnt using csm in the past when i got good enteries. So im scraping my csm filter. Will take the regular sacred edge entry technice. My entries witout csm are GU 1.5550, EJ 137.70 AND CADJPY entry should be 132 but i mistakenly entered early. So stop at BE now to exit that trade or if im lucky it can go down and give an exit signal to exit.
I see where the problem lies. These 3 trades are counter trend rejection setups. They are best taken when one pair is very strong and the other weak. The larger the relative strength the sweeter the rejection. Csm should only apply to trend trades. I have not had any trend setups yet. That solves the riddle. Will use csm only for trend setups. I intend to long ej and gu later in line with recent daily trend . Thats when csm applies
  • #23
  • Jul 13, 2015 6:27am Jul 13, 2015 6:27am
Quoting ephisi
{quote} Thats when csm applies
Caution bro...don't use CSMs for entries. Setups? Yes.
  • #24
  • Jul 13, 2015 6:38am Jul 13, 2015 6:38am
Quoting LITEchild
{quote} Caution bro...don't use CSMs for entries. Setups? Yes.
Thanks LC. I guess im a newb to csm. Thanks for advice. I use a csm that reads intraday strenghts. So that can apply. I got another for longterm strends that I use for setups. I was refering to the intraday csm. Its call forex supreme profit meter. Check it out in the search bar.
  • #25
  • Jul 13, 2015 6:40am Jul 13, 2015 6:40am
Quoting LITEchild
{quote} Caution bro...don't use CSMs for entries. Setups? Yes.
Will post a screeen shot of how it can be applied in trends during retracement. Thats to catch the end of correction and start of continuation
  • #26
  • Jul 13, 2015 7:12am Jul 13, 2015 7:12am
Quoting LITEchild
{quote} Caution bro...don't use CSMs for entries. Setups? Yes.
Hey LE remember I told you I once used something similar to liteholes/lines,? But I stopped because I couldn't figure out when to use them. They are very powerful. The are now a major part of my method. I figured out when to apply them. Hope you're pipping
  • #27
  • Jul 13, 2015 10:08am Jul 13, 2015 10:08am
Quoting ephisi
Eurjpy any spike to 137.50/138 levels in london i will short on CSM confirmation
Just as I expected. A strong rally followed by rejection. I got in 100 pips late but still a good trade. Better entries next time. Still expecting gap us to follow suit. But will be looking for a long signal if and when we swing low.
  • #28
  • Edited 2:49pm Jul 13, 2015 1:49pm | Edited 2:49pm
Less trades, less stress, less screen time, more pips easy does it. I would have love to let the Trades run but because I got bad/late entries there's not much room to handle pullbacks before continuation. Both Gu and ej can move 100 to 200 pips more. looking for long ej tomorrow or next. Other setups also in queue.
Impressed with the first day on the sacred edge 2.0. hope to get better entries tomorrow. The csm filter for entries thingy really wasn't right. My mistake.
160 pips today. I'm out
  • #29
  • Jul 13, 2015 9:32pm Jul 13, 2015 9:32pm
Logged in some setups for Asia.
audcad long 0.9436 stop 0.9336. Take profit open
Audnzd short 1.1203 100 pip stop, take profit open
AUDJPY short 91.69 100 pips stop take profit as usual.

2 other pairs of my watchlist
  • #30
  • Jul 14, 2015 1:31am Jul 14, 2015 1:31am
Quoting ephisi
Logged in some setups for Asia. audcad long 0.9436 stop 0.9336. Take profit open Audnzd short 1.1203 100 pip stop, take profit open AUDJPY short 91.69 100 pips stop take profit as usual. 2 other pairs of my watchlist
Asia trades turning out well. impressed. Audnzd should head down soon anywhere from here up to 1.1150
  • #31
  • Jul 14, 2015 2:45am Jul 14, 2015 2:45am
Quoting ephisi
{quote} Asia trades turning out well. impressed. Audnzd should head down soon anywhere from here up to 1.1150
interestingly I see a hedging and basketing effect on my trades. 2 pairs can be used to forcast a cross pair. And if a trade were to go against me it's hedges by another pair. Eventually they all head in my desired direction with profit.
  • #32
  • Jul 14, 2015 4:00am Jul 14, 2015 4:00am
Quoting ephisi
{quote}interestingly I see a hedging and basketing effect on my trades. 2 pairs can be used to forcast a cross pair. And if a trade were to go against me it's hedges by another pair. Eventually they all head in my desired direction with profit.
following your thread with interest . can you direct me to any of your post or any thread i can you got your threading idea or style from. Green pips bro, no dulling
  • #33
  • Jul 14, 2015 4:37am Jul 14, 2015 4:37am
Quoting ephisi
{quote}interestingly I see a hedging and basketing effect on my trades. 2 pairs can be used to forcast a cross pair. And if a trade were to go against me it's hedges by another pair. Eventually they all head in my desired direction with profit.
I'm liking that.
A pip is only worth it if you know how much you risked to earn it
  • #34
  • Jul 14, 2015 4:43am Jul 14, 2015 4:43am
Quoting vlady1974
{quote} I'm liking that.
Thanks mate. EU, GU, EJ setting up for longs any time from market close today. Hopefully London does a sharp dip for us to buy. GU Is undecided.
  • #35
  • Jul 14, 2015 4:48am Jul 14, 2015 4:48am
Quoting Emmpoli
{quote} following your thread with interest . can you direct me to any of your post or any thread i can you got your threading idea or style from. Green pips bro, no dulling
You can subscribe to my profile, and check where I and my buddies have been. similarity thread and it's offshoot threads, plus 8 years of studying forex factory threads and watching charts
  • #36
  • Jul 14, 2015 5:00am Jul 14, 2015 5:00am
Quoting ephisi
{quote} Thanks mate. EU, GU, EJ setting up for longs any time from market close today. Hopefully London does a sharp dip for us to buy. GU Is undecided.
I knew about the GU news this morning. I basically got spooked by the massive dip and exited -75 on my martingale but had I more fortitude, that could have been a +600 pipper... but the GBPYJPY was a shit trade all round, so am just thankful to get any pips on it.

I don't think the EU will go higher. My magic number on EURUSD is 58. I will short anywhere +/- 19.5 pips, don't care really.
A pip is only worth it if you know how much you risked to earn it
  • #37
  • Jul 14, 2015 5:28am Jul 14, 2015 5:28am
Quoting vlady1974
{quote} I knew about the GU news this morning. I basically got spooked by the massive dip and exited -75 on my martingale but had I more fortitude, that could have been a +600 pipper... but the GBPYJPY was a shit trade all round, so am just thankful to get any pips on it. I don't think the EU will go higher. My magic number on EURUSD is 58. I will short anywhere +/- 19.5 pips, don't care really.
yeah just looked at my gbp pairs. There should be pullbacks for me to join the party. I'm sure you will get some profit on GJ. Can't say much about EU today. But tomorrow I'm long biased Eu. Same 4 GU. on martingale. I used it to do damage Control on my sacred edge trading but quit it when starting sacred edge 2.0 there's just that one naughty trade that makes you panic. I rather use stop and take the loss now.
  • #38
  • Jul 14, 2015 6:57am Jul 14, 2015 6:57am
Closed audcad for some 64pips. Ac looks like it wants some retracement. Audcad still has some 500pips north to go. Will wait for next signal. Rbc interest rates may make thzt faster
  • #39
  • Jul 14, 2015 6:58am Jul 14, 2015 6:58am
Quoting ephisi
{quote} Asia trades turning out well. impressed. Audnzd should head down soon anywhere from here up to 1.1150
The up move on AUDNZD should be over now I guess. Expect the bears to take over for some hours
  • #40
  • Jul 15, 2015 2:48am Jul 15, 2015 2:48am
Got too many setups last nite that resulted in me placed 6 trades out of over 15 setup. Some counter trend some in line with the trend. Considering the 100pips stoploss I use. I decided to take hencefort only setups with swing potential. Trades I can ride for few days. Hence I closed gbpnzd and eurchf with some loss. Will see hkw it goes
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