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What are the TF for the 10ema dashboard And I just want to make sure... they all have to be pointing in the direction of the trade, right?
Check post 1 for updated pdf.




Happy weekend,
Yomi.
Be Dumb and Follow Price
THanks. It says "iii.) 10ema dashboard - minimum of M15 - H1." The first arrow is m1 and the second is m5 or the first is m5 and the secon is m15?
Quoting floydd
{quote} ok, so riddle me this? are you trading off the 5 min chart and using no higher time frames? that's the only way i can see deciding to take the trade. from what i can tell, once you go up the TFs even to 15m, DMI is not at all in proper orientation to back up the trade. what am i missing here?
The idea Floyyd is to use H1 first for an alert from the MA breakout indi then make sure the MA's are in correct alignment, that DMI is showing a good trend and that trendmirror is correct. Then you go to either m5 or m15 to find entry based upon rules.
Quoting Ygr
What are the TF for the 10ema dashboard And I just want to make sure... they all have to be pointing in the direction of the trade, right?
M15 to H1 and yes. You want them pointing the direction of the trade.
What I meant was what are the values for the five arrows and do we need each of the five arrows pionting up or just m15 and h1? Thanks neo.
Quoting Ygr
What I meant was what are the values for the five arrows and do we need each of the five arrows pionting up or just m15 and h1? Thanks neo.
I think m15, m30, and h1 must be all pointing in the direction of the trade.
Quoting neocount
{quote} The idea Floyyd is to use H1 first for an alert from the MA breakout indi then make sure the MA's are in correct alignment, that DMI is showing a good trend and that trendmirror is correct. Then you go to either m5 or m15 to find entry based upon rules.
maybe that's what he did and certainly price was below the two on-screen MAs and trendmirror was correct on the H1, but the ADX part of the DMI was well below the 20 line, never mind also being below *both* DMIs, so I think I can say DMI was *not* showing a good trend (eventhough ADXr was in a good place).

i dunno but i sure would like someone to post a trade in real time, so we can see just how one example unfolds in real time. i mean, i can always find some kind of logic for a trade in hindsight but at the moment, in the moment -- well, i for one would like to see it.
Quoting floydd
{quote} maybe that's what he did and certainly price was below the two on-screen MAs and trendmirror was correct on the H1, but the ADX part of the DMI was well below the 20 line, never mind also being below *both* DMIs, so I think I can say DMI was *not* showing a good trend (eventhough ADXr was in a good place). i dunno but i sure would like someone to post a trade in real time, so we can see just how one example unfolds in real time. i mean, i can always find some kind of logic for a trade in hindsight but at the moment, in the moment -- well,...
Floydd ,
Yomi takes trades based upon advanced ADX strategies that he hasn't shown you yet. You should be focusing on following the checklist for trades until it is second nature. The system is very easy to follow and the rules really make it so you cant make a mistake if you follow them.
Quoting fxenthusiast
{quote} I think m15, m30, and h1 must be all pointing in the direction of the trade.
Yes, you are right
Be Dumb and Follow Price
  • Post #451
  • Quote
  • Edited 12:37pm Feb 21, 2016 12:26pm | Edited 12:37pm
Quoting neocount
{quote} Floydd , Yomi takes trades based upon advanced ADX strategies that he hasn't shown you yet. You should be focusing on following the checklist for trades until it is second nature. The system is very easy to follow and the rules really make it so you cant make a mistake if you follow them. Maybe what we should do is setup a skype group to call out trades we see and learn from each other.


Be Dumb and Follow Price
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Be Dumb and Follow Price
Quoting neocount
{quote} The idea Floyyd is to use H1 first for an alert from the MA breakout indi then make sure the MA's are in correct alignment, that DMI is showing a good trend and that trendmirror is correct. Then you go to either m5 or m15 to find entry based upon rules.

For your H1 to be ok, means:


Sell:

1. DMI- should be above 20level.
2. DMI+ should be below 20level.
3. ADX should be in-between one of the DMI's.
4. ADXr should be above 20level.
5. Price should be below the 2 MA's/DPP.
6. TrendMirror: ok - minimum of 1 bar should be in agreement.



Buy:

1. DMI+ should be above 20level.
2. DMI- should be below 20level.
3. ADX should be in-between one of the DMI's.
4. ADXr should be above 20level.
5. Price should be above the 2 MA's/DPP.
6. TrendMirror: ok - minimum of 1 bar should be in agreement.



Then after you can start looking for trades on M5 TF & M15 TF.

Please, make the checklist your second nature if you are to be successful with this simple and effective trading system.



Happy trading,
Yomi.
Be Dumb and Follow Price
agreed, of course, but it would be *very* helpful is when folks post charts, they also post whether it's an advanced trade or a basic one -- either an A trade or a B trade. without that, how is one to know? if charts are posted to help others learn from, how can we learn if we don't know whether the trade follows the checklist, as stated, or some other checklist as yet unstated? certainly, the trade i originally referred to does not follow the rules above.
Quoting Moonie
{quote} Thanks Yomi, Your checklist has guided me to the land of green pips. I also clicked on 'sell' on the EA and hey presto, the little entry and exit points appeared. Cool! Moonie


Hey Yomi and Moonie

I see you guys clicked "Sell" on the EA to take the trade.

What happens if you guys had clicked "Sell .50/.100" on the EA instead ?

Thank you for your anticipated answer.
Quoting jimitele
{quote} Hey Yomi and Moonie I see you guys clicked "Sell" on the EA to take the trade. What happens if you guys had clicked "Sell .50/.100" on the EA instead ? Thank you for your anticipated answer.
That mean you are entry the market via a pending order - sell stop. This will place your trades at .50/.100 level, e.g 1.42150 and 1.42200.



Happy trading,
Yomi.
Be Dumb and Follow Price
Quoting fxrabbi
{quote} For your H1 to be ok, means: Sell: 1. DMI- should be above 20level. 2. DMI+ should be below 20level. 3. ADX should be in-between one of the DMI's. 4. ADXr should be above 20level. 5. Price should be below the 2 MA's/DPP. 6. TrendMirror: ok - minimum of 1 bar should be in agreement. Buy: 1. DMI+ should be above 20level. 2. DMI- should be below 20level. 3. ADX should be in-between one of the DMI's. 4. ADXr should be above 20level. 5. Price should be above the 2 MA's/DPP. 6. TrendMirror: ok - minimum of 1 bar should be in agreement. Then after...
I have seen few trade examples of your and found even though all criterias not met & still you took trade. If you can explain please.
1st trade today
H1 DMI is ok, M5 triggers + trend line break, arjun, HA and ichimoku in support as I can see.
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Quoting since80808
1st trade today H1 DMI is ok, M5 triggers + trend line break, arjun, HA and ichimoku in support as I can see. {image}

Good start for the week, Arise and repeat




Happy trading,
Yomi.
Be Dumb and Follow Price
Morning folks.
First trade, GU +15
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