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00 Level Trading: EsikeM30Bomb

  • #1,121
  • Oct 1, 2015 6:12am Oct 1, 2015 6:12am
Quoting Vlad13685
{quote} An EA won't work well with this system, it is far to discretionary.
Having said that, I'm doing ok: -
Attached Image
  • #1,122
  • Oct 1, 2015 6:18am Oct 1, 2015 6:18am
Quoting dreambig
{quote} I live in southern Louisiana, lots of humidity and mosquitoes. What area world you at. Main rodeo this area is Houston Livestock Show and Rodeo. Yes rodeos were fun. EJ trades this morning. Got in a EU too early but its acting like wants to roll on down. Red news 1.5 hours. {image}
I was born in France and now live in Mauritius which sits in GMT+4. Pretty much ideal for forex trading as you can easily trade the three sessions without compromising your sleep cycles! I have been twice in Texas: Houston in 1989 and Dallas in 2012. We drove through Southern Louisiana in 1970. I was 6 and remember being puzzled by the French name on a road sign: "Baton Rouge"

I missed that trade on EJ. I just entered on the kingpip arrow... Late entries are a bit risky but the stochs are good.
  • #1,123
  • Oct 1, 2015 6:21am Oct 1, 2015 6:21am
Quoting BigOldFella
{quote} Having said that, I'm doing ok: - {image}
You are doing OK indeed!!!

Over what period? Trading the Esike strategy?
  • #1,124
  • Oct 1, 2015 6:37am Oct 1, 2015 6:37am
EURJPY (M30) +28.8pips.


Trade Ideas:

1. Strength.
2. Momentum.


Cheers,
Yomi.
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Time always comes before price
  • #1,125
  • Oct 1, 2015 6:50am Oct 1, 2015 6:50am
NZDUSD: 18 pips
NZDJPY: -20 pips
USDCAD: -20 pips
EURJPY: 19 pips

Lesson of the day: don't overtrade and pick the best setups. PDF blabla is excellent piece of advice...
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  • #1,126
  • Oct 1, 2015 6:56am Oct 1, 2015 6:56am
I see you caught the EJ....i got out too early on EJ....trying step stop and 1pip trail stops with my trade EA....1 pip trail would have caught that move.
  • #1,127
  • Oct 1, 2015 7:51am Oct 1, 2015 7:51am
Quoting 4xgmp
{quote} You are doing OK indeed!!! Over what period? Trading the Esike strategy?
That's 19 days trading, it doesn't include the last 3 days which are -17, +17, +1 pips. In the 19 days included I only had one day which was negative in terms of pips gained.

The basic rules are here. It's a hybrid of Udine's original rules and TP/SL approach detailed in this thread.

I'd made a mistake in the way I was calculating the currency strength. So now I've got that right I don't ignore it any more. I only place buys if the base currency is stronger than the quote currency and vice versa for sells.

I'm a big believer in the saying "if it looks to good to be true then it probably is" - so I'm just waiting for the day when it all goes tits up.
  • #1,128
  • Oct 1, 2015 8:15am Oct 1, 2015 8:15am
Quoting BigOldFella
{quote} That's 19 days trading, it doesn't include the last 3 days which are -17, +17, +1 pips. In the 19 days included I only had one day which was negative in terms of pips gained. The basic rules are here. It's a hybrid of Udine's original rules and TP/SL approach detailed in this thread. I'd made a mistake in the way I was calculating the currency strength. So now I've got that right I don't ignore it any more. I only place buys if the base currency is stronger than the quote...
Thanks for sharing, this is fascinating!
  • #1,129
  • Oct 1, 2015 8:32am Oct 1, 2015 8:32am
Quoting BigOldFella
{quote} I'm a big believer in the saying "if it looks to good to be true then it probably is"
Going back and reading Udine's Invictus thread, it appears he started with about $200 and never looked back. It can be done, and is being done by some people. (actually, from the gulf coast myself, missing crawfish at the moment)
  • #1,130
  • Oct 1, 2015 8:38am Oct 1, 2015 8:38am
Quoting Vlad13685
{quote} An EA won't work well with this system, it is far to discretionary. Left and right eye will work better than an EA Vlad
It's just to evaluate the W/L ratio per pair from the beginning of the year...
  • #1,131
  • Oct 1, 2015 3:38pm Oct 1, 2015 3:38pm
4xgmp,

Baton Rouge means "Red Stick" in Native American. Good you where London trade is easier. When not working I'm getting up around 3:30 AM to 4:00 AM and seems there is pretty good secondary movement around this time.

  • #1,132
  • Oct 1, 2015 5:24pm Oct 1, 2015 5:24pm
Quoting bapakjason
{quote} Going back and reading Udine's Invictus thread, it appears he started with about $200 and never looked back. It can be done, and is being done by some people. (actually, from the gulf coast myself, missing crawfish at the moment)
Oh yeah!!! Love the Mudbugs!
  • #1,133
  • Oct 2, 2015 3:04am Oct 2, 2015 3:04am
Quoting dreambig
4xgmp, Baton Rouge means "Red Stick" in Native American.
"Baton rouge" means "Red stick" in French!
  • #1,134
  • Oct 2, 2015 3:23am Oct 2, 2015 3:23am
I start to re-read the thread from the beggin.
I see 4 different arrow that indicate the 5ema cross, can someone please explain me what's the difference btw that arrow?
And can explain me which is the difference in the "type one" and the "type 2 entry with the delay ema5 cross" (or just point me to the explanation)?
Thanks a lot,
Marco.
  • #1,135
  • Oct 2, 2015 3:26am Oct 2, 2015 3:26am
Quoting marcoFF
I start to re-read the thread from the beggin. I see 4 different arrow that indicate the 5ema cross, can someone please explain me what's the difference btw that arrow? Thanks, Marco.

Show your chart, please......
Time always comes before price
  • #1,136
  • Oct 2, 2015 3:49am Oct 2, 2015 3:49am
Quoting fxrabbi
{quote} Show your chart, please......
Hi fxrabbi, thanks for this place.
I haven't my chart, i'm only studying your style.
In first post i see 4 different type of arrow, 2 green (one empty and one full inside) and 2 red (same things).
For the type of entry i don't understand the sequence:
Type 1 is, 1440 open price estabilished first and ASH for second + cross ema5: entry is the next candle?
Type 2, same thing but cross ema5 is delayed?
  • #1,137
  • Oct 2, 2015 4:19am Oct 2, 2015 4:19am
Quoting marcoFF
{quote} Hi fxrabbi, thanks for this place. I haven't my chart, i'm only studying your style. In first post i see 4 different type of arrow, 2 green (one empty and one full inside) and 2 red (same things). For the type of entry i don't understand the sequence: Type 1 is, 1440 open price estabilished first and ASH for second + cross ema5: entry is the next candle? Type 2, same thing but cross ema5 is delayed?
There was never a time we have 4 differnt type of arrows, at the beginning we have 3 arrows, and along the line we dropped 1. All we have now are 2 type of arrows:

1. 5ema arrow: This is our trigger apart from M30 level 1.

2. Kingpips arrow: Just work like CCI indicator.

PS: So much have be said/wrote about the 2 arrows in the thread, kindly read about them.


Yomi.
Time always comes before price
  • #1,138
  • Oct 2, 2015 4:31am Oct 2, 2015 4:31am
Thanks, for clarification. Now i'm trying to setup chart, after i post it to compare with yours.
Thanks again for your time fxrabbi.
  • #1,139
  • Oct 2, 2015 4:35am Oct 2, 2015 4:35am
Quoting marcoFF
Thanks, for clarification. Now i'm trying to setup chart, after i post it to compare with yours. Thanks again for your time fxrabbi.

No problem.
Time always comes before price
  • #1,140
  • Edited 5:01am Oct 2, 2015 4:48am | Edited 5:01am
This will be our new way of trading 00Level Trading now.

I will release the template soon.

The new rule will be:



1. Your post will be accordance with the new template.


2. Only trade/post the 4 core pairs: EURUSD, EURJPY, GBPUSD & GBPJPY.
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Time always comes before price
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