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00 Level Trading: EsikeM30Bomb

  • #761
  • Aug 12, 2015 10:20am Aug 12, 2015 10:20am
Quoting fxrabbi
EURUSD to S TP +37.5pips. USDJPY to S TP +50pips. Trade Ideas: 1. The trigger is the 5ema(arrow) 2. on a strong Momentum. 3. Strength. 4. Sync in pair. Cheers, Yomi. {image} {image}
I am surprised you were not trailed stopped earlier on the EURUSD: the price went slightly above 1.11500 and then slightly below 1.11400. If you were trailing at 10 pips, then you should have been trailed out around 1.11400.

Or did you change the settings of the sleeptight EA?
  • #762
  • Aug 12, 2015 10:38am Aug 12, 2015 10:38am
Quoting 4xgmp
{quote} I am surprised you were not trailed stopped earlier on the EURUSD: the price went slightly above 1.11500 and then slightly below 1.11400. If you were trailing at 10 pips, then you should have been trailed out around 1.11400. Or did you change the settings of the sleeptight EA?

Brilliant, my internet connections was off at that time. I'm still ok with the settings of the EA, still performing wonder.


Yomi
Time always comes before price
  • #763
  • Aug 12, 2015 11:03am Aug 12, 2015 11:03am
Quoting fxrabbi
{quote} Brilliant, my internet connections was off at that time. I'm still ok with the settings of the EA, still performing wonder. Yomi
That was lucky!!!
  • #764
  • Aug 12, 2015 11:48am Aug 12, 2015 11:48am
Quoting fxrabbi
{quote} Brilliant, my internet connections was off at that time. I'm still ok with the settings of the EA, still performing wonder. Yomi
So the current sleeptight settings can be found on post 701 or have they changed?

Thank you!
  • #765
  • Aug 13, 2015 2:42am Aug 13, 2015 2:42am
Quoting Dobbsie
{quote} So the current sleeptight settings can be found on post 701 or have they changed? Thank you!

Post 701, they have not change.


Yomi.
Time always comes before price
  • #766
  • Aug 13, 2015 3:00am Aug 13, 2015 3:00am
Fxrabbi , i see some changes in your trading system. How do you use stoch's ribbon now? I am asking because on your last screenshots ribbon looks different at time of entry.
  • #767
  • Edited 5:26am Aug 13, 2015 5:06am | Edited 5:26am
Quoting iwan73
Fxrabbi , i see some changes in your trading system. How do you use stoch's ribbon now? I am asking because on your last screenshots ribbon looks different at time of entry.
I need to change the ways I takes my trades now. The trading system, the Stochs and the rest of them are still the same. I need to go lower in term of TF to M15 in order to get decent setups and to apply PA to my trading.

5ema - shift 2 is the trigger of my trades now, but it has to be within a very strong trend, because when you enter 5ema that means it enter a new stage. Like a turnaround...no matter short or long term, so you can do your thing while price is within that zone. It simple jumping on a wave of momentum and jumping off before it stalls or reverses.


Yomi.
Time always comes before price
  • #768
  • Aug 13, 2015 5:55am Aug 13, 2015 5:55am
Thanks Yomi for providing your alteration of the 00-Strategy.

In my humble opinion the 5 EMA gives reliable signals. I am using this as a trigger for my trading. Additionally I added an 10 SMA (thick red line) because then I am able to gauge the trend direction (NASAP provided an additional setup - "The piercing setup"). To be better prepared I do have the 5 EMA shift 2 on my chart (thin green line). Instead of pending oders (at 05 or 00 levels) I do use market orders and I am on the M15.

I am looking for the following conditions:

1.) 5 EMA signal (if the crossing of the 5 EMA and the 10 EMA occurs on the same bar the better)
2.) ASH diverging in the direction of the trade (Better if the crossover is fresh.)
3.) 10 SMA in direction of the intended trade.
4.) Strength (I do use the excel spreadsheet)

For a better understanding have a look at the following examples. Any remarks are welcome.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 59329564_EURUSD_M15_2015_07_30_09_21_Open.gif Size: 63 KB
Click to Enlarge Name: 59329564_EURUSD_M15_2015_07_30_09_25_Close.gif Size: 570 KB
Click to Enlarge Name: 59333130_GBPJPY_M15_2015_07_30_09_30_Open.gif Size: 68 KB
Click to Enlarge Name: 59333130_GBPJPY_M15_2015_07_30_09_31_Close.gif Size: 600 KB
  • #769
  • Aug 13, 2015 6:05am Aug 13, 2015 6:05am
Quoting Sniper1310
Thanks Yomi for providing your alteration of the 00-Strategy. In my humble opinion the 5 EMA gives reliable signals. I am using this as a trigger for my trading. Additionally I added an 10 SMA (thick red line) because then I am able to gauge the trend direction (NASAP provided an additional setup - "The piercing setup"). To be better prepared I do have the 5 EMA shift 2 on my chart (thin green line). Instead of pending oders (at 05 or 00 levels) I do use market orders and I am on the M15. I am looking for the following conditions: 1.) 5 EMA signal...
Hi;

Can put graphic annotations in English, please?

Thanks.
  • #770
  • Aug 13, 2015 6:08am Aug 13, 2015 6:08am
Yomi.

I have no time to trade lately. Busy with work.
Can u recommend what EA setting to use if i wan to trade on 4HR time frame?

Thanks.
Trade With PDF & Wisdom
  • #771
  • Edited 6:39am Aug 13, 2015 6:19am | Edited 6:39am
Quoting Sniper1310
Thanks Yomi for providing your alteration of the 00-Strategy. In my humble opinion the 5 EMA gives reliable signals. I am using this as a trigger for my trading. Additionally I added an 10 SMA (thick red line) because then I am able to gauge the trend direction (NASAP provided an additional setup - "The piercing setup"). To be better prepared I do have the 5 EMA shift 2 on my chart (thin green line). Instead of pending oders (at 05 or 00 levels) I do use market orders and I am on the M15. I am looking for the following conditions: 1.) 5 EMA signal...

Good job

1. Don't regard all crossing over 5ema as trade set-ups. Avoid consolidated areas and zone of small candle.

2. Always confirm set-up with Haiken Ashi_SWAlert - this is the main essence.

3. Do not enter trades when the shawdows of candle is bigger than candle body of that candle that crosses 5ema.

When you add this to all the one you have above, you are good to go.....


Yomi.
Time always comes before price
  • #772
  • Aug 13, 2015 6:30am Aug 13, 2015 6:30am
Quoting chaveznqoos
{quote} Hi; Can put graphic annotations in English, please? Thanks.
I just write my reasons for entry (and also the reasons for not to take the trade as a short summary as soon as the trade is finished).

Here you go:

5 EMA Signal - should be clear
MA Breakover - itīs the crossover of 5 and 10 MA
ASH divergierend = ASH diverging which is my signal that the trend has changed and one currency is getting stronger than the other one. I do also have a look at the absolute values generated by the indicator.
Trend dreht nach oben = Trend is turning upwards.
Stärke = Strength
Synch = Synch
Ergebnis = Result
  • #773
  • Aug 13, 2015 6:34am Aug 13, 2015 6:34am
Quoting fxrabbi
{quote} Good job 1. Don't regard all crossing over 5ema as trade set-ups. Avoid consolidated areas and zone of small candle. 2. Always confirm set-up with Haiken Ashi_SWAlert - this is the main essence. 3. Do not enter trades when the shawdows of candle is bigger than candle body of that candle that crosses 5ema. When you add this to all you have above, you are good to go..... Yomi.
Thank you.

I try to avoid areas of consolidation. If the 10 SMA is flat I do not consider the trade. In this situation you will see a lots of changing signals of 5 EMA and no strong ASH.
About the HA I am not so sure but I will have a look on it too as well as candle with larger wicks / shadows than body. Will pay attention.

Letīs keep up the good work, guys!
  • #774
  • Aug 13, 2015 6:54am Aug 13, 2015 6:54am
Quoting Sniper1310
{quote} Thank you. I try to avoid areas of consolidation. If the 10 SMA is flat I do not consider the trade. In this situation you will see a lots of changing signals of 5 EMA and no strong ASH. About the HA I am not so sure but I will have a look on it too as well as candle with larger wicks / shadows than body. Will pay attention. Lets keep up the good work, guys!


Color change in HA means A LOT. take it seriously, it clearly shows you turnaround in price action.

I can see clearly that you are ontop of your game

Happy trading.
Yomi
Time always comes before price
  • #775
  • Aug 13, 2015 6:57am Aug 13, 2015 6:57am
EURUSD to S TP +4.2pips

Trade Ideas:

1. 5ema - the trigger.
2. Sync in pair.
3. Strength.
4. Momentum.


Cheers,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 52 KB
Time always comes before price
  • #776
  • Aug 13, 2015 7:15am Aug 13, 2015 7:15am
Quoting Sniper1310
4.) Strength (I do use the excel spreadsheet) For a better understanding have a look at the following examples. Any remarks are welcome. {image} {image} {image} {image}
Thanks Sniper...very similar to my chart that I'm testing except I use MA 20 since nasap's MA 10 is on her M30 charts.

Question on your spreadsheet...why and how do you use it versus using Currency Strength Giraia ?

Thank you
Do good and disappear...
  • #777
  • Edited 7:58am Aug 13, 2015 7:16am | Edited 7:58am
Indicator Update - window 2:

These are what I have in the indicator - window 2 now:

1. Price To Open (1440)
2. ASH 2
3. Heiken Ashi_SWAlert

NB: Why I bring back HA is because they work hand in hand with 5ema. HA is a good filter/confirmation for 5ema signal.


Please everything is the thread, look for them.


Yomi.
Time always comes before price
  • #778
  • Aug 13, 2015 8:42am Aug 13, 2015 8:42am
Quoting fxrabbi
Indicator Update - window 2: These are what I have in the indicator - window 2 now: 1. Price To Open (1440) 2. ASH 2 3. Heiken Ashi_SWAlert NB: Why I bring back HA is because they work hand in hand with 5ema. HA is a good filter/confirmation for 5ema signal. Please everything is the thread, look for them. Yomi.
Yes I like the ASH and Heiken Ashi combo.

How important is the MACD to your entry now that you're using the 5ema as trigger?

Thanks Yomi
Do good and disappear...
  • #779
  • Aug 13, 2015 8:59am Aug 13, 2015 8:59am
Quoting VinceHS
{quote} Thanks Sniper...very similar to my chart that I'm testing except I use MA 20 since nasap's MA 10 is on her M30 charts. Question on your spreadsheet...why and how do you use it versus using Currency Strength Giraia ? Thank you
Hi Vince,

good to hear. Would you mind to explain your reasons why you use an 20 SMA instead of a 10 SMA?

Regarding the CS Giraia and the use of the xls-spreadsheet: Imho the spreadsheet contains more information. I.e. you will get an overview how the currency considered for a trade behaves relative to the others. Have a look at the attached screenshot. According to Giraia it seems that JPY (7.5) is much stronger than the EUR (2.5) so you would consider selling the EURJPY.

According to the spreadsheet the JPY is only a little bit stronger than the EUR (6.0 vs. 5.0) The gap between the two is just 1.0. So thatīs a really different picture. Furthermore you can see that the JPY is only stronger against 3 other currencies.

The differences between Giraia and the spreadsheet is due to different calculations. The spreadsheet uses 28 pairs while the modified Giraia uses less. This is no problem at all but since we are moving in a market I will base my decisions on the whole picture.

For me entering a trade there must be a bigger gap in the pair (Have a look at Jibalas comments in the Dashboard thread) and it should be strong against most other currencies.

Hope this is comprehensive since I am no native speaker and getting my thinking process explained is not easy (even in my mother tongue). Feel free to ask or comment should there any holes in my thinking.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 346 KB
  • #780
  • Aug 13, 2015 9:05am Aug 13, 2015 9:05am
Quoting fxrabbi
{quote} Color change in HA means A LOT. take it seriously, it clearly shows you turnaround in price action. I can see clearly that you are ontop of your game Happy trading. Yomi
Not at all. Just keep handling my psychological issues (fear of losses, impatience etc.).

On demo I am up more than 80% within 2 weeks but thatīs not the real deal. Since the end of last month I started on my live account with very small lot size (0.02). Since then there have been a lot of trading errors I need to overcome to become a better trader.

I know that the system is doing great and that I will succeed once all the issues between my ears have been solved. Currently I my focus is on getting my daily target of 20 pips and then shut the system down. If you are able to repeat this every day you will be fine.
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