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00 Level Trading: EsikeM30Bomb

  • #801
  • Aug 17, 2015 12:43pm Aug 17, 2015 12:43pm
Hi Yomi, I am following your thread with big interest
I notice that the EMA5 cross is very powerful on M15. I have some questions about your indicators when you moved to M15 timeframe. Are you still keeping all your additional indicators as confirmation?

- Are your ASH timeframes still M15 and MTF M30?
- Are you using all three PriceToOpen indicators set at 1440, 240 and 60 minutes?
- Is the MACD alert indicator still important to have a "wide" colour in the EMA5 direction?
- Did you try a 5,2,2 setting of the Stochastic instead of the rope stochastic? Did you find the rope better?
- Do the Kingpips indicator add something of value?
- Did you get rid of the volume indicator?
- How do you like to see the TRO MultiMeter line up? All colours the same?

I hope to be posting some trades in the near future.

Attached Image (click to enlarge)
Click to Enlarge Name: fxx.PNG Size: 29 KB
  • #802
  • Aug 18, 2015 2:24am Aug 18, 2015 2:24am
My trades for today:
1.) Short GU + 7.8 pips
2.) Short GJ + 7.0 pips
3.) Short GJ (reentry) + 5.5 pips

Total: 20.3 pips
Done for today.

Rationales for trades are placed on the screenshots. Additional tool that I use is spreadsheet jojo_strength_1.2 which gives me a feeling about the pair to trade. Any comments are welcome. Sorry for the quality of the Close screenshots. Its due to Windows paint.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 17613541_GBPUSD_M15_2015_08_18_06_12_Open.gif Size: 74 KB
Click to Enlarge Name: 17613541_GBPUSD_M15_2015_08_18_06_38_Close.gif Size: 542 KB
Click to Enlarge Name: 17613543_GBPJPY_M15_2015_08_18_06_12_Open.gif Size: 76 KB
Click to Enlarge Name: 17613543_GBPJPY_M15_2015_08_18_06_22_Close.gif Size: 559 KB
Click to Enlarge Name: 17614479_GBPJPY_M15_2015_08_18_06_41_Open.gif Size: 70 KB
Click to Enlarge Name: 17614479_GBPJPY_M15_2015_08_18_09_04_Close.png Size: 102 KB
  • #803
  • Aug 18, 2015 3:30am Aug 18, 2015 3:30am
nyR$!!-- I still cannot get any signal or colours to appear on the cross pairs, (EURJPY and GBPJPY) All the majors are fine....
any suggestions would be appreciated.....
  • #804
  • Edited 10:42am Aug 18, 2015 6:05am | Edited 10:42am
Quoting LFN
Hi Yomi, I am following your thread with big interest I notice that the EMA5 cross is very powerful on M15. I have some questions about your indicators when you moved to M15 timeframe. Are you still keeping all your additional indicators as confirmation? - Are your ASH timeframes still M15 and MTF M30? - Are you using all three PriceToOpen indicators set at 1440, 240 and 60 minutes? - Is the MACD alert indicator still important to have a "wide" colour in the EMA5 direction? - Did you try a 5,2,2 setting of the Stochastic instead of the rope stochastic?...
Yes, the 5ema cross is very powerful on M15 tf, that is more reason why I change to M15.

1. I now use these on one single window:

*Price To Open (1440)
*ASH2
*HA

2. MACD is still relevant in my trading system- it's show direction and momentum. It let me know when the 5ema will respond well.

3. The Stochs - is like mtf of stochastics and this works like magic especially on H1 timeframe.

4. The kingpips - it add value to my trading system, it let me know when there is momentun in my signal candle.

5. PVA (Volume) - yes, I'm not using it presently.

6.. TRO MultiMeter - H1, H4 and D1 has to be same color on signal candle.

I hope the above has answer your questions, if not, please let me know.

Happy trading,
Yomi.
Time always comes before price
  • #805
  • Aug 18, 2015 6:45am Aug 18, 2015 6:45am
Quoting Sniper1310
My trades for today: 1.) Short GU + 7.8 pips 2.) Short GJ + 7.0 pips 3.) Short GJ (reentry) + 5.5 pips Total: 20.3 pips Done for today. Rationales for trades are placed on the screenshots. Additional tool that I use is spreadsheet jojo_strength_1.2 which gives me a feeling about the pair to trade. Any comments are welcome. Sorry for the quality of the Close screenshots. Its due to Windows paint. {image} {image} {image} {image} {image} {image}
Well done Sniper. Very interesting trades...you're taking them early before bar close and close to the day open.

Thanks for sharing....something to study on
Do good and disappear...
  • #806
  • Edited 9:22am Aug 18, 2015 8:40am | Edited 9:22am
EURUSD to S TP +26.7pips


Trade Ideas:

1. 5ema the trigger...
2. PA - after the rejection from the Daily Open Line, then follow by 5ema ( momentum).


Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 50 KB
Time always comes before price
  • #807
  • Aug 18, 2015 10:39am Aug 18, 2015 10:39am
Quoting fxrabbi
{quote} Yes, the 5ema cross is very powerful on M15 tf, that is more reason why I change to M15. 1. I now use these on one single window: *Price To Open (1440) *ASH2 *HA 2. MACD is still relevant in my trading system- it's show direction and momentum. It let me know when the 5ema will respond well. 3. The Stochs - is like mtf of stochastics and this works like magic especially on H1 timeframe. 4. The kingpips - it add value to my trading system, it let me know when there is momentun in my signal candle. 5. TRO MultiMeter - H1, H4 and D1 has to be...
Thanks for the answers.
Would it be to much asking for your template? Then you know we are using the same indicators as you.

I understand that you removed one of the ASH indicators. Did you keep the mtf m30 or the m15?
You also removed pricetoopen 60 and 240?

When you get the ema5 arrow, are you always entering on the next candle? Or could you wait for all indicators lining up in agreement? How many candles after the ema5 cross could you wait before placing the trade?
  • #808
  • Aug 18, 2015 10:57am Aug 18, 2015 10:57am
Quoting LFN
{quote} Thanks for the answers. Would it be to much asking for your template? Then you know we are using the same indicators as you. I understand that you removed one of the ASH indicators. Did you keep the mtf m30 or the m15? You also removed pricetoopen 60 and 240? When you get the ema5 arrow, are you always entering on the next candle? Or could you wait for all indicators lining up in agreement? How many candles after the ema5 cross could you wait before placing the trade?

As I said I'm not using ASH mtf, and Price To Open (240 & 60) again. All you need to do is to delete them from your chart, I did not add any new thing, so what you need to do is delete what I'm not using, if you want your chart look like mine.

Ordinally, the rule is to enter on the next candle after you get the 5ema arrow, but I don't trade all the 5ema arrows, I only trade those that meet my filter which you already know, example of this is in post 806. Please study my chart on post 806.


Cheers,
Yomi.
Time always comes before price
  • #809
  • Aug 18, 2015 11:07am Aug 18, 2015 11:07am
EURUSD to S TP 43.3pips ( today trades)


Trade Ideas:

1. 5ema the trigger... ( 1st & 3rd trades).
2. PA - (2nd trade).


Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 50 KB
Time always comes before price
  • #810
  • Aug 18, 2015 11:13am Aug 18, 2015 11:13am
EURJPY to S TP 36.4pips ( today trades)


Trade Ideas:

1. 5ema the trigger... ( 2nd & 3rd trades).
2. PA - (1st trade).


Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 50 KB
Time always comes before price
  • #811
  • Aug 18, 2015 11:55am Aug 18, 2015 11:55am
Quoting fxrabbi
EURJPY to S TP 36.4pips ( today trades) Trade Ideas: 1. 5ema the trigger... ( 2nd & 3rd trades). 2. PA - (1st trade). Cheers, Yomi {image}
Yomi
Your M15 setup is spitting pips like an ATM machine congratulations !!!!
You mentioned that you have changed the sleeptight SL = 15. Please forward me your other current settings for sleeptight to be used on M15 charts
Cheers
Kooza
  • #812
  • Aug 19, 2015 1:55am Aug 19, 2015 1:55am
Quoting fxrabbi
{quote} yes, the 5ema cross is very powerful on m15 tf, that is more reason why i change to m15. 1. I now use these on one single window: *price to open (1440) *ash2 *ha 2. Macd is still relevant in my trading system- it's show direction and momentum. It let me know when the 5ema will respond well. 3. The stochs - is like mtf of stochastics and this works like magic especially on h1 timeframe. 4. The kingpips - it add value to my trading system, it let me know when there is momentun in my signal candle. 5. Pva (volume) - yes, i'm not using it presently....
morning mate. The 5ema you are using, could it be the same you once shared with me in udine's thread?
  • #813
  • Aug 19, 2015 2:47am Aug 19, 2015 2:47am
Quoting Emmpoli
{quote} morning mate. The 5ema you are using, could it be the same you once shared with me in udine's thread?


Yes Sir.
Time always comes before price
  • #814
  • Edited 3:30am Aug 19, 2015 2:51am | Edited 3:30am
Quoting Kooza
{quote} Yomi Your M15 setup is spitting pips like an ATM machine congratulations !!!! You mentioned that you have changed the sleeptight SL = 15. Please forward me your other current settings for sleeptight to be used on M15 charts Cheers Kooza

Check post 701.

The only change there is the SL, which I change to SL 15pips.


Yomi.
Time always comes before price
  • #815
  • Aug 19, 2015 2:59am Aug 19, 2015 2:59am
My first trade today: Long GU to TP + 6.9 Pips (negative slippage of 0.1 pips).

Rationales for this trade:
- 5 EMA signal (Entry was to late because I wasn´t at the computer at the occurence of the signal)
- Strength
- Synch ok
- ASH diverging
- Trend 10 SMA is turning upwards
- HA changed colors in trade direction
- PA confirms direction away from DO
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 17643113_GBPUSD_M15_2015_08_19_06_29_Open.gif Size: 73 KB
Click to Enlarge Name: 17643113_GBPUSD_M15_2015_08_19_06_50_Close.gif Size: 613 KB
  • #816
  • Aug 19, 2015 3:29am Aug 19, 2015 3:29am
Quoting fxrabbi
{quote} Check post 701. The only change their is the SL, which I change to SL 15pips. Yomi.
Thanks
  • #817
  • Aug 19, 2015 3:29am Aug 19, 2015 3:29am
Quoting Sniper1310
My first trade today: Long GU to TP + 6.9 Pips (negative slippage of 0.1 pips). Rationales for this trade: - 5 EMA signal (Entry was to late because I wasnt at the computer at the occurence of the signal) - Strength - Synch ok - ASH diverging - Trend 10 SMA is turning upwards - HA changed colors in trade direction - PA confirms direction away from DO {image} {image}

Weldone
Time always comes before price
  • #818
  • Aug 19, 2015 4:00am Aug 19, 2015 4:00am
2 more trades

1.) Short EJ: + 7.4 Pips (SL manually)
2.) Short EU: + 8.4 Pips (SL manually)

Rationales for the trades:
- 5 EMA Signal (EJ + MA Crossover Signal)
- Piercing setup in both pairs one candle before the signal candle (Setup provided by NASAP).
- ASH diverging
- Trend is turning down
- PA

Rationales for not taking the trade:
- Strength & Synch weren´t optimal
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 17646083_EURJPY_M15_2015_08_19_08_30_Open.gif Size: 69 KB
Click to Enlarge Name: 17646083_EURJPY_M15_2015_08_19_08_41_Close.png Size: 100 KB
Click to Enlarge Name: 17646116_EURUSD_M15_2015_08_19_08_32_Open.gif Size: 66 KB
Click to Enlarge Name: 17646116_EURUSD_M15_2015_08_19_08_41_Close.gif Size: 601 KB
  • #819
  • Aug 19, 2015 4:21am Aug 19, 2015 4:21am
Quoting Sniper1310
2 more trades 1.) Short EJ: + 7.4 Pips (SL manually) 2.) Short EU: + 8.4 Pips (SL manually) Rationales for the trades: - 5 EMA Signal (EJ + MA Crossover Signal) - Piercing setup in both pairs one candle before the signal candle (Setup provided by NASAP). - ASH diverging - Trend is turning down - PA Rationales for not taking the trade: - Strength & Synch werent optimal {image} {image} {image} {image}

Weldone for spinning them up....but I hope you are aware that you are taking short trades ontop of Daily Open Line........


Happy trading....

Yomi.
Time always comes before price
  • #820
  • Aug 19, 2015 4:30am Aug 19, 2015 4:30am
Quoting fxrabbi
{quote} Weldone for spinning them up....but I hope you are aware that you are taking short trades ontop of Daily Open Line........ Happy trading.... Yomi.
Yes, I am aware of this but decided to take the trade.

Since the DO varies among brokers and only acts as a line on the sand (similar if you will use pending orders at 05 or 00 levels) I do pay attention to it but it won´t prevent me from taking a trade if the other parameters fit.

Just my 2 cents but each trader needs to find the system (and the rules) that fit him individually.
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