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  • #541
  • Feb 24, 2016 10:31am Feb 24, 2016 10:31am
Quoting Go5
{quote} H1: trend down, DMI, ADX ok, Strength OK, Ichi OK, got in after break of DP.
I mean ADX should be between -DMI & +DMI on hourly
What about that?
  • #542
  • Feb 24, 2016 12:44pm Feb 24, 2016 12:44pm
New update pdf posted in post 1.


Happy trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: 3. quote-Charles-Evans-Hughes-i-believe-in-work-hard-work-and-221220.png Size: 105 KB
Time always comes before price
  • #543
  • Edited 1:17pm Feb 24, 2016 1:00pm | Edited 1:17pm
Quoting FistusFX
{quote} Hi Yomi Thank you for sharing this excellent method. I have attached a EU H1 chart. Can you please point out which is the entry candle. To determine the H1 direction the ADX should be between -DMI & +DMI on the close of H1 candle. I have attached the values of ADX etc. In your recent GU chart the ADX value is higher and do not fall between the -DMI & +DMI Is it complusory or can be avoided. Thank you & God bless {image}

There is no particular candle that determine my entry in H1 TF, All I look for in H1 TF is the followings:


1. Where is the price in relationship to:
i.) The 2 MA's.
ii.) DPP.

2. DMI - DMI's vs ADX & ADXr - must be in proper orientation to back up the trade.

3. TrendMirror - the 2 indicators must be in agreement up to minimum of 1 bar.


After I am satisfied with the above 3 factors, I now start to expect 5ema - the trigger in M5 or M15 TFs.....

Please check post 1, where I wrote the full details on checklist.



Happy trading,
Yomi.
Time always comes before price
  • #544
  • Feb 24, 2016 1:22pm Feb 24, 2016 1:22pm
Quoting lightnight4
{quote} I mean ADX should be between -DMI & +DMI on hourly What about that?
Yes, that ADX rule is a bit of a puzzle to me and I mentioned that earlier in the thread: if you have a strong trend, the ADX(r) can stay above both DMI's for hours, like 2 days ago when I posted a +21 on EU, it stayed there for 5 hours or so and you could have entered a couple of times down the hill. On the other hand, if the ADX goes over 50 or so a retrace might be close...
Maybe Jomi can say a little bit more on this.
  • #545
  • Edited 2:40pm Feb 24, 2016 1:56pm | Edited 2:40pm
Quoting Go5
{quote} Yes, that ADX rule is a bit of a puzzle to me and I mentioned that earlier in the thread: if you have a strong trend, the ADX(r) can stay above both DMI's for hours, like 2 days ago when I posted a +21 on EU, it stayed there for 5 hours or so and you could have entered a couple of times down the hill. On the other hand, if the ADX goes over 50 or so a retrace might be close... Maybe Jomi can say a little bit more on this.
Yes this is the second stage - advance stage of trading this system, but I am not yet ready to let it out until the majority of the followers of this system get used to the basic method, but for the fact that you are one of the good traders of this system I will only say few things here.

When ADX is above the two DMI ( DMI- & DMI+ ) and is above ADXr too or cross ADXr from below and stay above the ADXr you are good to go as well - take it to be ok, but when ADX cross ADXr from above and stay below ADXr, this is the time not to trade.

The crossing of ADX and ADXr is a trading signal on its own.



Happy trading,
Yomi.
Time always comes before price
  • #546
  • Feb 24, 2016 2:40pm Feb 24, 2016 2:40pm
Quoting fxrabbi
{quote} Yes this is the second stage - advance stage of trading this system, but I am not yet ready to let it out until the majority of the followers of this system get used to the basic method, but for the fact that you are one of the good traders of this system I will only say few things here. When ADX is above the two DMI ( DMI- & DMI+ ) and is above ADXr too or cross ADXr from below and stay above the ADXr you are good to go as well - take it to be ok, but when ADX cross ADXr from above and stay below ADXr, this is the time not to trade. Happy...
Thanks, makes sense! In the meantime, I'll try to only post standard trades.
  • #547
  • Feb 24, 2016 2:58pm Feb 24, 2016 2:58pm
Quoting Go5
{quote} Thanks, makes sense! In the meantime, I'll try to only post standard trades.
Time always comes before price
  • #548
  • Edited 8:55pm Feb 24, 2016 8:14pm | Edited 8:55pm
Quoting fxrabbi
{quote} There is no particular candle that determine my entry in H1 TF, All I look for in H1 TF is the followings: 1. Where is the price in relationship to: i.) The 2 MA's. ii.) DPP. 2. DMI - DMI's vs ADX & ADXr - must be in proper orientation to back up the trade. 3. TrendMirror - the 2 indicators must be in agreement up to minimum of 1 bar. After I am satisfied with the above 3 factors, I now start to expect 5ema - the trigger in M5 or M15 TFs..... Please check post 1, where I wrote the full details on checklist. Happy trading, Yomi.
For the third point, did you mean we must open at the second bar of TrendMirror?

I have 2 quetions, please help me:

1. I still don't understand how to use the ichimoku, sometimes it shows negative/positive numeral sometimes no. What it means?
2. Are we still be able to open postion if we late of the trend? if yes, what are the conditions based?
  • #549
  • Feb 24, 2016 8:45pm Feb 24, 2016 8:45pm
Quoting fxrabbi
{quote} There is no particular candle that determine my entry in H1 TF, All I look for in H1 TF is the followings: 1. Where is the price in relationship to: i.) The 2 MA's. ii.) DPP. 2. DMI - DMI's vs ADX & ADXr - must be in proper orientation to back up the trade. 3. TrendMirror - the 2 indicators must be in agreement up to minimum of 1 bar. After I am satisfied with the above 3 factors, I now start to expect 5ema - the trigger in M5 or M15 TFs..... Please check post 1, where I wrote the full details on checklist. Happy trading, Yomi.

Thank you
  • #550
  • Edited 11:39pm Feb 24, 2016 11:24pm | Edited 11:39pm
I have cleaned my chart as you can see in attachment, may I?
This is my first open position use this system on M15 TF, have I follow the rules well?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 72 KB
  • #551
  • Feb 25, 2016 2:28am Feb 25, 2016 2:28am
Quoting azizmuin
I have cleaned my chart as you can see in attachment, may I? This is my first open position use this system on M15 TF, have I follow the rules well? {image}

No, please read post 1 very well.
Time always comes before price
  • #552
  • Edited 3:47am Feb 25, 2016 3:35am | Edited 3:47am
Quoting fxrabbi
{quote} No, please read post 1 very well.
yes i will, please tell me where are wrong. I have filled all the check list for M15

1. CSM ok.
2.DMI ok.
3. Trend Meter ok.
4. Above DPP and 2 MA ok.
5. Ichimoku ok (maybe).
6. 5 ema ok.
7. 10 ema 15m to 1h ok.

But I know that i didn't trade in london times.
  • #553
  • Feb 25, 2016 4:35am Feb 25, 2016 4:35am
Quoting azizmuin
I have cleaned my chart as you can see in attachment, may I? This is my first open position use this system on M15 TF, have I follow the rules well? {image}

Like you, I'm still learning the system. However looking at your chart, I would have waited for ADXr (red dots) to move above the 20level.
Also, I can't see any Fibonacci Retracement on your chart (Yomi says on pg.1 - not to take the signals which are beyond 78.6)
See trading rules and checklist from Yomi on pg.1
  • #554
  • Feb 25, 2016 5:02am Feb 25, 2016 5:02am
Quoting azizmuin
{quote} yes i will, please tell me where are wrong. I have filled all the check list for M15 1. CSM ok. 2.DMI ok. 3. Trend Meter ok. 4. Above DPP and 2 MA ok. 5. Ichimoku ok (maybe). 6. 5 ema ok. 7. 10 ema 15m to 1h ok. But I know that i didn't trade in london times.
Hi azizmuin,

Check the DMI rules better
  • #555
  • Edited 6:04am Feb 25, 2016 5:40am | Edited 6:04am
Quoting jimitele
{quote} Like you, I'm still learning the system. However looking at your chart, I would have waited for ADXr (red dots) to move above the 20level. Also, I can't see any Fibonacci Retracement on your chart (Yomi says on pg.1 - not to take the signals which are beyond 78.6) See trading rules and checklist from Yomi on pg.1
thanks, ADXr is the yellow line, but i understand what you mean.. thanks
so, isn't there signal yet for EU today? which are pairs has signal today?
  • #556
  • Feb 25, 2016 6:01am Feb 25, 2016 6:01am
Quoting jmmac
{quote} Hi azizmuin, Check the DMI rules better
thanks jmmac,
I didn't ever use DMI, but I have searched and read about DMI after read your reply. Now I know what's wrong
can you give me your pict while you open position?
  • #557
  • Feb 25, 2016 6:44am Feb 25, 2016 6:44am
Hi Yomi;

I have a doubt;
When all the checklist is OK, your entry in M5 / M15 .... Do you wait at close the bar, a market order, or the next level of 05/10?

Cheers
  • #558
  • Feb 25, 2016 8:55am Feb 25, 2016 8:55am
Last trade of yesterday: GBPJPY to SL (15M) with half the risk (1%)

Errors made: probably the entry was too low relative to the last pivot high. The stop loss was too narrow... must find a way to adapt the SL and PT to the pair volatility, especially when trading other pairs. Also I had already 2 winning trades and should have stopped for the day. Still, very happy to have ended the first day with around 2.5% profit.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15_trade003.png Size: 50 KB



first trade of today: GBPCAD to PT (15M) : +33.8 pips
closed manually since the EA wasn't closing at PT. Probably my fault since I experimented changing parameters after the trade open.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15_trade004.png Size: 45 KB


Jaime
  • #559
  • Feb 25, 2016 9:07am Feb 25, 2016 9:07am
EC disaster -60 pips. Trade taken at the green line.



Attached Image (click to enlarge)
Click to Enlarge Name: EC_Moonie.PNG Size: 74 KB


Moonie.
  • #560
  • Feb 25, 2016 9:15am Feb 25, 2016 9:15am
Quoting azizmuin
{quote} thanks jmmac, I didn't ever use DMI, but I have searched and read about DMI after read your reply. Now I know what's wrong can you give me your pict while you open position?
I don't save a pic at oppening, only after the trade is closed... But you can see how the DMI window was at the oppening bar. Basicaly you want to see a strong trend measured by the ADX (red dotted) and ADXR (yellow) and you also want the DMI+ (red) and DMI-(green) crossed in the correct way.

All systems are discretionary to some degree, where you understand the logic of the system and choose only the best trade candidates. This system looks for strong trends in the higher time-frame (1H) and trades the corrections against that trend. It's necessary to gain experience and learn from the mistakes in order to be able to identify the best opportunities and let the not so good ones pass (something I'm trying to learn just now).

Jaime
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