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00 Level Trading: EsikeM30Bomb

  • #821
  • Aug 19, 2015 10:39am Aug 19, 2015 10:39am
Quoting Sniper1310
- Piercing setup in both pairs one candle before the signal candle (Setup provided by NASAP).
Nice trades Sniper.

Can you point me to nasap's post on the piercing setup? (I tried looking for it but can't find it).

Thank you.
Do good and disappear...
  • #822
  • Aug 19, 2015 12:53pm Aug 19, 2015 12:53pm
Quoting VinceHS
{quote} Nice trades Sniper. Can you point me to nasap's post on the piercing setup? (I tried looking for it but can't find it). Thank you.
Hi Vince,

http://www.forexfactory.com/showthre...95#post8347395 and http://www.forexfactory.com/showthre...37#post8374537

Great addition to the system but you need to train your eyes on this.
  • #823
  • Aug 19, 2015 1:23pm Aug 19, 2015 1:23pm
Quoting Sniper1310
{quote} Hi Vince, http://www.forexfactory.com/showthre...95#post8347395 and http://www.forexfactory.com/showthre...37#post8374537 Great addition to the system but you need to train your eyes on this.
Hi Sniper;

Your 5/10 MA are with Shift 2 ?

Thanks
  • #824
  • Aug 19, 2015 2:00pm Aug 19, 2015 2:00pm
Quoting chaveznqoos
{quote} Hi Sniper; Your 5/10 MA are with Shift 2 ? Thanks
The 5 EMA is shifted by 2. The red thick line is a 10 SMA without shift. I also tried the Coral indicator but until now I did not test different parameters and I did not have the time to look into the code to get an understanding how it works.
  • #825
  • Aug 20, 2015 1:14am Aug 20, 2015 1:14am
Quoting Sniper1310
{quote} Hi Vince, http://www.forexfactory.com/showthre...95#post8347395 and http://www.forexfactory.com/showthre...37#post8374537 Great addition to the system but you need to train your eyes on this.
Thank you Sir
Do good and disappear...
  • #826
  • Aug 20, 2015 8:14am Aug 20, 2015 8:14am
Quoting Sniper1310
{quote} The 5 EMA is shifted by 2. The red thick line is a 10 SMA without shift. I also tried the Coral indicator but until now I did not test different parameters and I did not have the time to look into the code to get an understanding how it works.
Hi Sniper

how can i have Price MA indicator 5 and 10 arrows show seperate like your chart?Because when i put both it overlap.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: sniper.png Size: 117 KB
  • #827
  • Aug 20, 2015 8:48am Aug 20, 2015 8:48am
Quoting Biggboss
{quote} Hi Sniper how can i have Price MA indicator 5 and 10 arrows show seperate like your chart?Because when i put both it overlap. Thanks {image}
Sorry mate but have a look at the left side of the chart. Seems that the arrows sometimes overlap sometimes they dont.

Maybe its due to resolution or some other technical issue. Just had a quick glance at the mq4 file but since I am no coder I dont see anything that defines the position of the arrow. Maybe FXRabbi may help?
Attached Image
  • #828
  • Aug 20, 2015 8:50am Aug 20, 2015 8:50am
Quoting Sniper1310
{quote} Sorry mate but have a look at the left side of the chart. Seems that the arrows sometimes overlap sometimes they dont. Maybe its due to resolution or some other technical issue. Just had a quick glance at the mq4 file but since I am no coder I dont see anything that defines the position of the arrow. Maybe FXRabbi may help? {image}
thanks for the quick reply
  • #829
  • Aug 20, 2015 9:18am Aug 20, 2015 9:18am
Quoting Sniper1310
{quote} Sorry mate but have a look at the left side of the chart. Seems that the arrows sometimes overlap sometimes they dont. Maybe its due to resolution or some other technical issue. Just had a quick glance at the mq4 file but since I am no coder I dont see anything that defines the position of the arrow. Maybe FXRabbi may help? {image}

Yes, they do overlap sometimes, and sometimes they do not, but when they do, that means double impact effect.


Yomi.
Time always comes before price
  • #830
  • Aug 20, 2015 9:52am Aug 20, 2015 9:52am
Quoting fxrabbi
{quote} Yes, they do overlap sometimes, and sometimes they do not, but when they do, that means double impact effect. Yomi.
yes but when they overlap i can see only the 10MA not the 5 MA so i do not know if they are both arrows like the chart bellow in the circle
Attached Image (click to enlarge)
Click to Enlarge Name: sniper2.png Size: 90 KB
  • #831
  • Aug 20, 2015 10:04am Aug 20, 2015 10:04am
Quoting Biggboss
{quote} yes but when they overlap i can see only the 10MA not the 5 MA so i do not know if they are both arrows like the chart bellow in the circle {image}


See the chart below for proper identification.


Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: sniper2.png Size: 85 KB
Time always comes before price
  • #832
  • Aug 20, 2015 4:27pm Aug 20, 2015 4:27pm
Quoting fxrabbi
{quote} See the chart below for proper identification. Yomi. {image}
the first chart is only the 5ema
the second are both 5 and 10 ema
so if i have both i can't see were i have a signal from the 5 and 10 EMA at the same time that is the problem

Good Night
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sniper3.png Size: 88 KB
Click to Enlarge Name: sniper4.png Size: 83 KB
  • #833
  • Aug 21, 2015 4:29am Aug 21, 2015 4:29am
Hi. I am using the template from this thread. But I see some things with the MA Cross indicator.
First yellow marking shows an up arrow but the candles (closed price) has never been below the EMA5 (shift 2) the yellow line on the chart.

And the other yellow mark shows that the price crossed and closed below EMA5 and it should have been a red arrow down, correct?

I have seen quite a few arrows missing when price crosses and closes on the opposite of the EMA5 line. Anyone else noticed this?
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 80 KB
  • #834
  • Aug 21, 2015 4:53am Aug 21, 2015 4:53am
Quoting LFN
Hi. I am using the template from this thread. But I see some things with the MA Cross indicator. First yellow marking shows an up arrow but the candles (closed price) has never been below the EMA5 (shift 2) the yellow line on the chart. And the other yellow mark shows that the price crossed and closed below EMA5 and it should have been a red arrow down, correct? I have seen quite a few arrows missing when price crosses and closes on the opposite of the EMA5 line. Anyone else noticed this? {image}
The signal you are referring to is generated by the Price MA Breakout indicator and appears every time when the price closes above / below the shifted 5 EMA.

The MA Cross indicator generates arrows in sky blue and pink colours (default settings by FXRabbi).

In the first situation you can clearly see that price opened below the 5 EMA and closed above it. Up arrow is correct.

The second situation is also absolutely correct since the price opened below the 5 EMA and also closed below it. No crossing at all so no red arrow.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
  • #835
  • Aug 21, 2015 5:07am Aug 21, 2015 5:07am
Quoting Sniper1310
{quote} The signal you are referring to is generated by the Price MA Breakout indicator and appears every time when the price closes above / below the shifted 5 EMA. The MA Cross indicator generates arrows in sky blue and pink colours (default settings by FXRabbi). In the first situation you can clearly see that price opened below the 5 EMA and closed above it. Up arrow is correct. The second situation is also absolutely correct since the price opened below the 5 EMA and also closed below it. No crossing at all so no red arrow. {image}
Okay, so the cross does not compare the last candle close with the next candle close. That was what I thought. Thats why I thought that it should not be an arrow at all in the first mark, because price never closed below EMA5.
And the other mark was missing the arrow down since I thought that it closed below EMA5 and the candle before closed above EMA5. (sorry for my english)

So it is using the candle open.
  • #836
  • Aug 21, 2015 5:18am Aug 21, 2015 5:18am
Quoting LFN
{quote} Okay, so the cross does not compare the last candle close with the next candle close. That was what I thought. Thats why I thought that it should not be an arrow at all in the first mark, because price never closed below EMA5. And the other mark was missing the arrow down since I thought that it closed below EMA5 and the candle before closed above EMA5. (sorry for my english) So it is using the candle open.
Correct.
  • #837
  • Aug 21, 2015 5:22am Aug 21, 2015 5:22am
Quoting Sniper1310
{quote} Correct.
Thanks :-)
  • #838
  • Aug 21, 2015 5:36am Aug 21, 2015 5:36am
Quoting LFN
{quote} Okay, so the cross does not compare the last candle close with the next candle close. That was what I thought. Thats why I thought that it should not be an arrow at all in the first mark, because price never closed below EMA5. And the other mark was missing the arrow down since I thought that it closed below EMA5 and the candle before closed above EMA5. (sorry for my english) So it is using the candle open.
I think that we must realize what the meaning of this indicator is:

Since the candle opens above the 5 EMA and then price is dropping below it, it means that the trend / momentum (measured and defined by the last 5 candles) is changing in the other direction. The edge is that you catch the start of the trend and make you pips and be out of the market asap.

This is why we are using HA and ASH. To get a better confirmation I am using a 10 SMA (others are using the coral indicator which by my understanding is a smoothed MA). As already mentioned if I get a signal by the 5 EMA and the 10 SMA is flat (which mostly means that you will get a lot of signals from the 5 EMA) then itīs better to stay out of the trade and wait for a better opportunity.

You may see in my screenshot that the 10 SMA is getting flat and there are a lot of signals from the 5 EMA. Have a look at the ASH which also shows no clear momentum. When you look at the price you will see that it is moving in a relative tight range of about 15 - 20 pips.

So there are better opportunities for trading.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 144 KB
  • #839
  • Aug 24, 2015 1:07am Aug 24, 2015 1:07am
First trade today: short GU to TP (and some more) + 10.6 pips

Reasons for the trade:

- 5 EMA signal
- late entry (below DO)
- strength
- synch
- ASH diverging
- trend is turning down (parameters for coral indicator = 10)
- HA changed (with signal candle)
- RSI (2) turned below 25 (Jibala described this confirmation in the dashboard thread yesterday)

Screenshots:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 17805836_GBPUSD_M15_2015_08_24_05_43_Open.gif Size: 76 KB
Click to Enlarge Name: 17805836_GBPUSD_M15_2015_08_24_05_45_Close.gif Size: 602 KB
  • #840
  • Aug 24, 2015 1:59am Aug 24, 2015 1:59am
gu +16.6
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 86 KB
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