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00 Level Trading: EsikeM30Bomb

  • #701
  • Aug 7, 2015 2:40am Aug 7, 2015 2:40am
EURUSD: 5.6pips
EURJPY: 5.5pips

I have the clear impression sleeptight started trailing before the trades reached 10 pips. Maybe the spread briefly widened? I am using the same settings as our Rabbi
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  • #702
  • Aug 7, 2015 2:45am Aug 7, 2015 2:45am
EJ L TP 6 pips.

Entry at first 00 or 05 level.

In actual market conditions TP=20 pips is too big in my opinion. So i reduced dramaticly my TP expectetions
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  • #703
  • Aug 7, 2015 4:22am Aug 7, 2015 4:22am
Quoting 4xgmp
EURUSD: 5.6pips EURJPY: 5.5pips I have the clear impression sleeptight started trailing before the trades reached 10 pips. Maybe the spread briefly widened? I am using the same settings as our Rabbi {image} {image} {image}

Arise and repeat.


Yomi.
Time always comes before price
  • #704
  • Aug 7, 2015 4:27am Aug 7, 2015 4:27am
Quoting iwan73
EJ L TP 6 pips. Entry at first 00 or 05 level. In actual market conditions TP=20 pips is too big in my opinion. So i reduced dramaticly my TP expectetions {image}
If you are using sleeptight, maybe you need to lock-in between 5-10pips, because of the present condition of the market. In fact I may move over to lower TF (M15), so watchout for my M15 trading.


Yomi.
Time always comes before price
  • #705
  • Aug 7, 2015 8:13am Aug 7, 2015 8:13am
EURUSD to TP +30pips.
EURJPY to TP +30pips.

Trade Ideas:

1. Momentum.
2. Strength.
3. Stochs talking....


Yomi.
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Time always comes before price
  • #706
  • Aug 7, 2015 8:50am Aug 7, 2015 8:50am
Quoting fxrabbi
EURUSD to TP +30pips. EURJPY to TP +30pips. Trade Ideas: 1. Momentum. 2. Strength. 3. Stochs talking.... Yomi. {image} {image}

I am very impressed that you can make a total of 60 pips in such a crappy market. You are a genius.

1) You placed market orders instead of pending orders?

2) My stochs were not talking a language that I understand when you placed your order on EURUSD:
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  • #707
  • Aug 7, 2015 9:12am Aug 7, 2015 9:12am
HI 4Xgmg hope all is OK I understand what you say about the stoch but, may be the answer is not only there...the main strategy is the M30 level 1. in this case the TF was 15 min but you have a SIMILAR M30 level 1 on the 15 min WITH the green Arrow and if you add the indicator ( I think the is coral... like the MVA + the position of the market ( above the DO is buy..) and market is above your coral indicator... ) you have a lot of inidcations to show you the direction but this friday you have a big news this is why the market move slowly....

I thing Fxrabbi choosed the traget in function of the DR1...

Hope is help.

Liberty55
  • #708
  • Edited 11:41am Aug 7, 2015 9:19am | Edited 11:41am
Quoting 4xgmp
{quote} I am very impressed that you can make a total of 60 pips in such a crappy market. You are a genius. 1) You placed market orders instead of pending orders? 2) My stochs were not talking a language that I understand when you placed your order on EURUSD: {image}

That is the more reason why I have to go lower to M15 to get some decent trades - crappy market.

1. When I see that the Price is ready to move/ or already in motion I normally place market orders. I don't want a pre-determined price level in this situation.

2. The Stochs is still talking, the skyblue lines are climbing/rising at the back of pink lines, although not as we perfectly want it, but not in fishnet form.

NB:
The only time I will NOT take a trade even if is my best setup, is when the Stochs is in the FISHNET mode/form.



Yomi.
Time always comes before price
  • #709
  • Aug 7, 2015 12:41pm Aug 7, 2015 12:41pm
Thanks for your clarifications FxRabbi. Very interesting!
  • #710
  • Aug 7, 2015 12:47pm Aug 7, 2015 12:47pm
Quoting fxrabbi
EURUSD to TP +30pips. EURJPY to TP +30pips. Trade Ideas: 1. Momentum. 2. Strength. 3. Stochs talking.... Yomi. {image} {image}
hi fxrabbi. what ur sleeptight setting on that chart? i thought u just TP at 20pips. or is this just a manual trade ?

thank you
regards
  • #711
  • Aug 7, 2015 2:49pm Aug 7, 2015 2:49pm
Quoting 4xgmp
{quote} I am very impressed that you can make a total of 60 pips in such a crappy market. You are a genius. 1) You placed market orders instead of pending orders? 2) My stochs were not talking a language that I understand when you placed your order on EURUSD: {image}
I think mr. Yomi shows us only profitable trades but do not shows losing ones
  • #712
  • Edited 3:36pm Aug 7, 2015 3:02pm | Edited 3:36pm
Quoting olvus
{quote} I think mr. Yomi shows us only profitable trades but do not shows losing ones

What makes you say/think so, What you do not know, you don't know and you will ask.

I have not seen a single chart of yours here......

1. I don't trade more than the 4 core pairs.

2. I'm very discipline to the core when it come to trading.

3. I do post my charts here every day for you to see.

4. I'm a professional/full-time trader.

5. I don't trade more than London Open to London Close.

6. I don't overtrade.

7. When I have two successfull trades and I will stop for the day.

8. Look very well, the day I have a losing trade I posted it here in the thread.

9. I'm a trader, I have a trading edge, I have show/share it here for everybody to see. I'm not a gambler like......

Please if you can't contribute positively to this thread, I know what to do.....


Yomi.
Time always comes before price
  • #713
  • Aug 7, 2015 3:09pm Aug 7, 2015 3:09pm
Quoting bivt
{quote} hi fxrabbi. what ur sleeptight setting on that chart? i thought u just TP at 20pips. or is this just a manual trade ? thank you regards


The settings on that charts are as follows:

1. SL 20pips.
2. TP 30pips.


No BE, ST and no lock-in.

But, the setting that I prefer, which I will be using now is in post 701, having tested it ok for my trading personality.


Yomi.
Time always comes before price
  • #714
  • Aug 7, 2015 9:49pm Aug 7, 2015 9:49pm
Quoting fxrabbi
{quote} The settings on that charts are as follows: 1. SL 20pips. 2. TP 30pips. No BE, ST and no lock-in. But, the setting that I prefer, which I will be using now is in post 701, having tested it ok for my trading personality. Yomi.

fxrabbi...

do you use compound cript or something similar that put each trade at 2% ?

if I am not mistaken, I saw it in this thread.

thanks.
  • #715
  • Aug 8, 2015 1:40am Aug 8, 2015 1:40am
Quoting fxrabbi
{quote} What makes you say/think so, What you do not know, you don't know and you will ask. I have not seen a single chart of yours here...... 1. I don't trade more than the 4 core pairs. 2. I'm very discipline to the core when it come to trading. 3. I do post my charts here every day for you to see. 4. I'm a professional/full-time trader. 5. I don't trade more than London Open to London Close. 6. I don't overtrade. 7. When I have two successfull trades and I will stop for the day. 8. Look very well, the day I have a losing trade I posted it here...
So here are the indicators and template shared by You June 26th (post7). When we load a shared template on metatrader we can see the history of orders
and we can see many losing trades. SL 20 BE10 TP20 on the pic - it is all about this system. I do not want to blame nobodyor do not want to bring negative here, but any system must be clear and understandable rules. Why you do not sell here - blue arrow - stohs do not talks? Daily pivots? But you enter with not ideal stochs and do not respect weekly pivot on EJ.
You can ban me here but what I want to say - yes, Im stupid newbie, yes I have a losing day, but I cant understand - why on your pics you always enter setups (not always correspond with system rules) that follow to green and avoid setups that follow to red? 100500 years of practice, 6th sence or something else?
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  • #716
  • Aug 8, 2015 3:13am Aug 8, 2015 3:13am
Quoting fxrabbi
{quote} 4. I'm a professional/full-time trader.
And a very good and charitable one

Trading is not a science, its an art....and Yomi is a very good artist at what he does.
As an engineer I have a very hard time trying to mold trading into strict scientific rule sets. It will work for a while and then completely breaks down when market condition changes. I'm still struggling with this aspect of the market but following Yomi's trades has helped a lot.

Perfect example is him switching to M15 TF when he felt the market condition has changed. I would still be trying to force my rule sets on the M30 TF and losing while he pulled out two beautiful trades on M15.

Its an art and he's a full time trader where his trading comes FIRST and teaching is at his discretion. And as a full time trader he will flow with the market conditions so I don't expect him to follow the rules set on Page 1.

Learn from his winning trades/style and mold/modify it into your own trading personality.

I for one am very grateful to Yomi for sharing with us his art
Do good and disappear...
  • #717
  • Aug 8, 2015 4:02am Aug 8, 2015 4:02am
Quoting fxrabbi
EURUSD to TP +30pips. EURJPY to TP +30pips. Trade Ideas: 1. Momentum. 2. Strength. 3. Stochs talking.... Yomi. {image} {image}
Yomi, trying to understand your entries. Why did you enter. Stochs were not above 50 level and blue were well spread.

What is your comment on other entries marked with arrows.

Thanks.
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  • #718
  • Edited 5:25am Aug 8, 2015 4:46am | Edited 5:25am
Quoting NewToForex14
{quote} fxrabbi... do you use compound cript or something similar that put each trade at 2% ? if I am not mistaken, I saw it in this thread. thanks.
Presently all my trades are taken at 2% , yes I use script that does that.


Yomi
Time always comes before price
  • #719
  • Edited 5:23am Aug 8, 2015 4:52am | Edited 5:23am
Quoting snail69
{quote} Yomi, trying to understand your entries. Why did you enter. Stochs were not above 50 level and blue were well spread. What is your comment on other entries marked with arrows. Thanks. {image}

Basically there are two (2) ways that you can use the talking Stochs:

1. The Rope.

2. Where Pink lines will form a wall and skyblue will form some lines (spread) rising or falling behind the pink wall.


NB: It is better to stay out of the market when the stochs form fishnet. I prefer stochs break at above or below the 50 level/line.


I can see both on your illustration chart.


Yomi.
Time always comes before price
  • #720
  • Edited 5:48am Aug 8, 2015 5:18am | Edited 5:48am
Quoting olvus
{quote} So here are the indicators and template shared by You June 26th (post7). When we load a shared template on metatrader we can see the history of orders and we can see many losing trades. SL 20 BE10 TP20 on the pic - it is all about this system. I do not want to blame nobodyor do not want to bring negative here, but any system must be clear and understandable rules. Why you do not sell here - blue arrow - stohs do not talks? Daily pivots? But you enter with not ideal stochs and do not respect weekly pivot on EJ. You can ban me here but what...

No body is banning any one here, we are here to share and learn, I expected you to contribute to this thread positively where everybody will learn. That is why I said what you don't know you need to ask questions, in which case both parties will learn. sometimes I test a lots of indicators, trading systems, EA (like the sleeptight) and you need to do these in a separate charts and most times I post from this charts - that's why I said what you don't know, you do not know, a lots of things happens behind the scene - these are for the development of the trader, apart from having my own trading system with a well lay structure, I still look at what others are doing.

Sometimes you will see a good setups like the ones you pointed out in your post, I may not feel like taking them for several reasons: likely among them are: already met my daily targets, PA not stable, there is no enough momentum/strength, pairs not in sync, the news that just came out does support you taking that trades, etc etc......., so feel free to ask any questions, if I don't respond sometimes, we will see others that will respond, ok.

So, my friend feel free to ask any questions, don't just stay behind and be throwing stone, show your charts and let help ourself and others, that is the reason some of us come to the open to show what we are doing.


So let see your positive contributions.


Yomi
Time always comes before price
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