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As simple as possible: 00 level trading

  • #32,341
  • Jul 14, 2015 10:36am Jul 14, 2015 10:36am
Quoting LuXing
{quote} Mmm, both GU and GJ have been dancing around the MP for a while now. Ill call it the day, enough pips for me and tomorrow new opportunities. Best of luck to all those who continue to trade ! LuXing
Yes as I see it unless the setup is special best to leave those trades alone otherwise its no better than a 50/50 trade and we are not gamblers after all!

We seek high probability trading opportunities and then capitalize on it.

Good decision,

Masterrmind.........
Master your Mind then Master your Trades
  • #32,342
  • Jul 14, 2015 11:39am Jul 14, 2015 11:39am
Quoting profitfarmer
Hi decided to give the simple M30 Udine set up a try. only EurUsd trades, what I think is level 1 and level 2. #1 short TP #2 short SL #3 long TP #4 long TP #5 long TP Would appreciate any comments, or corrections, if there is. {image}
Well done. KISS, just omit those trades 1 and 2. Better to wait for market to find its rhythm and then join. :nerd:
  • #32,343
  • Jul 14, 2015 1:18pm Jul 14, 2015 1:18pm
dialist, Your contribution to these forums is always positive. I thank you for being an outstanding gentleman, student and scholar. I make no claim of being a coder but I believe this modification will grant your wish. I trust as you share your results this will help many.

All the Best,
dlouw

Quoting diallist
Attention any/all coders! Up for a challenge? As I've stated before, I make heavy use of the ASH (wavy), but unfortunately it isn't set up for Multiple Time Frames. Because color changes begin on M1 and work their way up toward higher time frames, I do a lot of flipping time frames on a pair in order to see the different ASH's on the various time frames. What I would love to have is a MTF ASH wavy that would look like the attached image on an M1 timeframe: Thanks Dial {image}
Attached File(s)
File Type: ex4 AbsoluteStrenghtHisto_Timeframe.ex4   20 KB | 359 downloads
File Type: mq4 AbsoluteStrenghtHisto_Timeframe.mq4   8 KB | 405 downloads
  • #32,344
  • Jul 14, 2015 2:17pm Jul 14, 2015 2:17pm
Quoting Asmodai
{quote} Very good trade. I see you removed pivots from your chart, any reason for that? Asmodai
Hi Asmodai,

I took the pivots off my charts because they were interfering with price movement. I noticed that price tended to stall, and sometimes reverse when it approached a pivot. I didn't like that so I removed them so price could flow unobstructed. Unfortunately having the pivots on there must have left behind some residual of themselves, because price continued to stall and sometimes reverse. I'm thinking if I reinstall a fresh copy of MetaTrader, it might get rid of the residual effect, but probably not because I'll bet the residual is stored on my brokers server now, and I can't access that to clean it up.

Seriously, I wanted to see if I could trade without the pivots. I will be adding them back to my charts.

Dial

19.3 pips
L3 entry with 20 pip target.
Attached Image (click to enlarge)
Click to Enlarge Name: 20150714_EURAUD2.JPG Size: 91 KB
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #32,345
  • Jul 14, 2015 2:22pm Jul 14, 2015 2:22pm
Quoting 4xgmp
{quote} Thanks for your explanation. I didn't know.
You are welcome friend, we all are here to learn from each other.

Good night and stay green.
  • #32,346
  • Jul 14, 2015 4:38pm Jul 14, 2015 4:38pm
Quoting diallist
{quote} Hi Asmodai, I took the pivots off my charts because they were interfering with price movement. I noticed that price tended to stall, and sometimes reverse when it approached a pivot. I didn't like that so I removed them so price could flow unobstructed. Unfortunately having the pivots on there must have left behind some residual of themselves, because price continued to stall and sometimes reverse. I'm thinking if I reinstall a fresh copy of MetaTrader, it might get rid of the residual effect, but probably not because I'll bet the residual...
Hehe . I have tried drawing winning trades with MSPaint, but my account didn't grow .

Asmodai
  • #32,347
  • Jul 14, 2015 4:44pm Jul 14, 2015 4:44pm
Quoting profitfarmer
Hi decided to give the simple M30 Udine set up a try. only EurUsd trades, what I think is level 1 and level 2. #1 short TP #2 short SL #3 long TP #4 long TP #5 long TP Would appreciate any comments, or corrections, if there is. {image}
Hi profitfarmer, Nice trades!

I have a doubt, you talk about the level 1 and 2 entry, for me the first 4 trades are according to those levels entry setup but I can't see it in the last one (5th trade).
Could you please explain us how you took this trade.

Regards;
BilboFX
  • #32,348
  • Jul 14, 2015 4:56pm Jul 14, 2015 4:56pm
Quoting Asmodai
{quote} Hehe . I have tried drawing winning trades with MSPaint, but my account didn't grow . Asmodai
I tried MSPaint as well, but I found GIMP to be much better as it produces very beautiful charts, AND provides a 0.0% improvement in account growth over using just MSPaint.

www.gimp.org
Attached Image
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #32,349
  • Jul 14, 2015 5:01pm Jul 14, 2015 5:01pm
Quoting diallist
{quote} I tried MSPaint as well, but I found GIMP to be much better as it produces very beautiful charts, AND provides a 0.0% improvement in account growth over using just MSPaint. www.gimp.org {image}
  • #32,350
  • Jul 14, 2015 5:18pm Jul 14, 2015 5:18pm
Quoting dlouw
dialist, Your contribution to these forums is always positive. I thank you for being an outstanding gentleman, student and scholar. I make no claim of being a coder but I believe this modification will grant your wish. I trust as you share your results this will help many. All the Best, dlouw {quote} {file} {file}
dlouw!!!! This is PERFECT! Exactly what I wanted! It's Christmas in July!



I like how the indicator stays the same regardless of timeframe instead of rolling up, and I especially like that you've defaulted the indy to the settings used for this method.

You are too awesome for words, so here's a pic which shows your indy in action!

Thank you! You made my day!

Dial
Attached Image (click to enlarge)
Click to Enlarge Name: awesome.JPG Size: 153 KB
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #32,351
  • Jul 14, 2015 7:27pm Jul 14, 2015 7:27pm
Quoting LuXing
Buenos das, Trade #1 o/t day: USDCAD to TP Trade #2 o/t day: CADCHF to TP Trade #3 o/t day: EURCAD to TP Trade #4 o/t day: GBPCAD to TP I didnt change the TP level, but found out I accidently deactivated Autotrading... LuXing {image} {image} {image} {image}
Hi LuXing,can you tell where I can get the spread and trend direction indicators at the top left of your chart?

Thanks much.
With God all things are possible.
  • #32,352
  • Jul 14, 2015 7:50pm Jul 14, 2015 7:50pm
Tokyo session is better than London these days....
Attached Images
  • #32,353
  • Jul 14, 2015 9:02pm Jul 14, 2015 9:02pm
Quoting cycle
Tokyo session is better than London these days.... {image} {image} {image} {image}
Nice trades cycle. And I agree, Tokyo open seems a bit more reliable for me than London open.

GJ L1 entry with strength, sync, vol and Dialist's ASH widening.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 28 KB
Do good and disappear...
  • #32,354
  • Jul 14, 2015 9:59pm Jul 14, 2015 9:59pm
Quoting cycle
Tokyo session is better than London these days.... {image} {image} {image} {image}
Really nice trading cycle..........

It doesn't need to be London or NY opens it just needs to be the right kind of activity.

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #32,355
  • Jul 14, 2015 10:40pm Jul 14, 2015 10:40pm
GBPAUD [M5 chart] +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB


entry shown on M1 for better clarity

Attached Image


Masterrmind...........
Master your Mind then Master your Trades
  • #32,356
  • Jul 14, 2015 11:08pm Jul 14, 2015 11:08pm
Quoting BilboFX
{quote} Hi profitfarmer, Nice trades! I have a doubt, you talk about the level 1 and 2 entry, for me the first 4 trades are according to those levels entry setup but I can't see it in the last one (5th trade). Could you please explain us how you took this trade. Regards; BilboFX
mind you, it might just be my bad interpretation...
given, price to open+ ASH green, pullback 2 red candles...
then price turn back.
first possible entry point I was looking for was 1035, not reached, direction still ok, pending went to new point, 1030.
next candle a hair short to it, but situation unchanged, thus valid.

again, maybe I understand wrong, when I think lvl2 entry have no rule to must occur on the very next candle, but rather is a concept to continue toward the daily trend after a pullback.
but I am way out of my league here, should be some pro to explain this (to me too).
there is always, always another trade!!
  • #32,357
  • Jul 15, 2015 12:06am Jul 15, 2015 12:06am
Quoting Masterrmind
GBPAUD [M5 chart] +5 TP {image} entry shown on M1 for better clarity {image} Masterrmind...........
Nice trade but imho spread is 'huge' for 5 pip trade.
  • #32,358
  • Jul 15, 2015 12:22am Jul 15, 2015 12:22am
Quoting cycle
{quote} Nice trade but imho spread is 'huge' for 5 pip trade.
You are correct!

I was convinced the direction was right so I wore the spread but not something to do often that's for sure.

Good trading,

Masterrmind.........
Master your Mind then Master your Trades
  • #32,359
  • Jul 15, 2015 12:26am Jul 15, 2015 12:26am
EURUSD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB


Push away from the DO........

Nice spread too!

Masterrmind............
Master your Mind then Master your Trades
  • #32,360
  • Jul 15, 2015 1:58am Jul 15, 2015 1:58am
Quoting diallist
For all who are interested, or who just need a good laugh, here's the template I'm going to try for a while to see how it works out. Many thanks to you, if you see an item on my chart that you created or contributed. We progress in this thread because of the kind and generous contributions of its active members. A special and eternal thanks to Udine for starting it all, and,,, Ultimate thanks to God who gave us all we have, for apart from him we are and have nothing. Dial P.S. This template is specifically for GBPJPY. To use it for other currency...
Looks really good.

When i saw the latest modifications to MADdash i tought of something similar, but since my computer is a bit old , i was afraid that having something like that in every chart would make it explode. I currently have MADdash and all the CSMs on my laptop.

But i'll try your template and see how it goes.

Asmodai
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