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Trading made possible with EsikeA+++

  • #561
  • Quote
  • Edited 10:40am Feb 25, 2016 10:26am | Edited 10:40am
Quoting Moonie
EC disaster -60 pips. Trade taken at the green line. {image} Moonie.
Hi Moonie,

I'll give you my prespective on your trade. Besides following all the rules, you must also understand what the system tries to accomplish, it's philosophy. And this system trades corrections against the main trend. So you must look for a clear correction in the main trend, looking at the 15M chart. That's the situation where the best opportunities occur. If you look at your chart there is no clear correction.

When you don't have a correction against the main trend, price can still continue to go in the direction of the trend but, a reversal is much more likely, as was the case in your trade. You must put all the factors in your favor: strong trend + mild correction + probable resume of trend + no news + no support/resistence levels ahead + etc.

Jaime
  • #562
  • Quote
  • Feb 25, 2016 11:00am Feb 25, 2016 11:00am
Quoting jmmac
{quote} Hi Moonie, I'll give you my prespective on your trade. Besides following all the rules, you must also understand what the system tries to accomplish, it's philosophy. And this system trades corrections against the main trend. So you must look for a clear correction in the main trend, looking at the 15M chart. That's the situation where the best opportunities occur. If you look at your chart there is no clear correction. When you don't have a correction against the main trend, price can still continue to go in the direction of the trend but,...

Excellent advice Jaime, I'll add this to my checklist.

Many thanks

Moonie.
  • #563
  • Quote
  • Feb 25, 2016 2:36pm Feb 25, 2016 2:36pm
Quoting jmmac
{quote} You must put all the factors in your favor: strong trend + mild correction (pullback) + resume of trend + no news + no support/resistance levels ahead + etc. Jaime

Be Dumb and Follow Price
  • #564
  • Quote
  • Feb 26, 2016 3:36am Feb 26, 2016 3:36am
5 tips for achieving forex trading success.



1. learn to limit losses and your profit will grow.

2. Know your strategy, its advantages and weaknesses and only use techniques that fit your trading style.

3. Know your limits before you open any position.

4. Learn the art of patience because timing is the key to success.

5. Be diligent and after you develop a plan, stick with it.




Happy trading,
Yomi.
Be Dumb and Follow Price
  • #565
  • Quote
  • Feb 26, 2016 4:58am Feb 26, 2016 4:58am
Quoting fxrabbi
5 tips for achieving forex trading success. 1. learn to limit losses and your profit will grow. 2. Know your strategy, its advantages and weaknesses and only use techniques that fit your trading style. 3. Know your limits before you open any position. 4. Learn the art of patience because timing is the key to success. 5. Be diligent and after you develop a plan, stick with it. Happy trading, Yomi.
Good morning Yomi,

Good advices but hard to implement, I speak for myself too...

May I ask if you trade only this system? The EsikeM30Bomb system seemed to have good success, do you consider this system as an upgrade to the EsikeM30Bomb? Thanks.

Green pips!
Jaime
  • #566
  • Quote
  • Feb 26, 2016 5:35am Feb 26, 2016 5:35am
Quoting jmmac
{quote} Good morning Yomi, Good advices but hard to implement, I speak for myself too... May I ask if you trade only this system? The EsikeM30Bomb system seemed to have good success, do you consider this system as an upgrade to the EsikeM30Bomb? Thanks. Green pips! Jaime

Yes, I trade only this system. The 00 level trading system (EsikeM30Bomb) is a system that gives you the desired discipline required to survival this market. But, EsikeA+++ is the most simple and effective system that I can recommend to any serious traders.



Happy trading,
Yomi.
Be Dumb and Follow Price
  • #567
  • Quote
  • Feb 26, 2016 6:05am Feb 26, 2016 6:05am
EC -20 pips.



Attached Image (click to enlarge)
Click to Enlarge Name: EC_Moonie.PNG Size: 84 KB


Moonie
  • #568
  • Quote
  • Feb 26, 2016 6:19am Feb 26, 2016 6:19am
LOL Moonie. Maybe stop trading EC. Probably a reason Yomi only trades 2 pairs with this system.
  • #569
  • Quote
  • Feb 26, 2016 6:46am Feb 26, 2016 6:46am
Quoting neocount
LOL Moonie. Maybe stop trading EC. Probably a reason Yomi only trades 2 pairs with this system.
EC is setting up again now, waiting for me to jump in so it can extract some more cash from me.

  • #570
  • Quote
  • Feb 26, 2016 6:52am Feb 26, 2016 6:52am
Quoting Moonie
EC -20 pips. {image} Moonie

I don't trade this pair, but when I check the H1 of this pair, the DMI is not ok.

1. Basic:
ADX should be in between the DMI's.


2. Advance:

ADX should be above ADXr or cross ADXr from below.


Please, and please if your H1 - DMI is not ok and Price in relationship to the 2 MA's/DPP are not ok, Please don't trade that pair, and don't bother to post it to this thread, otherwise, I will put that trader on my ignore lists.

See the attached chart, you will discover that EURCAD H1 did not support your trade. Please follow the trading rules of this system if you want to continue to post to this thread.



Happy trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1.png Size: 60 KB
Be Dumb and Follow Price
  • #571
  • Quote
  • Feb 26, 2016 7:14am Feb 26, 2016 7:14am
Quoting fxrabbi
{quote} I don't trade this pair, but when I check the H1 of this pair, the DMI is not ok. 1. Basic: ADX should be in between the DMI's. 2. Advance: ADX should be above ADXr or cross ADXr from below. Please, and please if your H1 - DMI is not ok and Price in relationship to the 2 MA's/DPP are not ok, Please don't trade that pair, and don't bother to post it to this thread, otherwise, I will put that trader on my ignore lists. See the attached chart, you will discover that EURCAD H1 did not support your trade. Please follow the trading rules of this...
Well in my opinion you should remove the statement where you say it will work on any pair, state clearly that this method is only to be traded on EUR/USD
and GBP/USD
  • #572
  • Quote
  • Edited 10:18am Feb 26, 2016 7:36am | Edited 10:18am
Quoting BugattiBoy
{quote} Well in my opinion you should remove the statement where you say it will work on any pair, state clearly that this method is only to be traded on EUR/USD and GBP/USD


But, if you read my post 570 very well, I never say you should not trade EURCAD. I only recommend that he should follow H1 DMI as guide for his trade, and that me, don't trade EURCAD, doesn't mean I said he shouldn't trade EURCAD.



Happy trading,
Yomi.
Be Dumb and Follow Price
  • #573
  • Quote
  • Feb 26, 2016 10:09am Feb 26, 2016 10:09am
Quoting fxrabbi
{quote} Yes, I trade only this system. The 00 level trading system (EsikeM30Bomb) is a system that gives you the desired discipline required to survival this market. But, EsikeA+++ is the most simple and effective system that I can recommend to any serious traders. Happy trading, Yomi.
Once your're in a trade, do you ever move your SL or TP - (the EA takes over..)?
  • #574
  • Quote
  • Feb 26, 2016 10:18am Feb 26, 2016 10:18am
Quoting Go5
{quote} Once your're in a trade, do you ever move your SL or TP - (the EA takes over..)?
The EA takes total control, unless I'm offline.



Happy trading,
Yomi
Be Dumb and Follow Price
  • #575
  • Quote
  • Feb 26, 2016 10:22am Feb 26, 2016 10:22am
Hi Yomi,

I'm making many mistakes so I reread all the rules, checklists and took another look at the charts. I'm also doing my personal checklist to help me improve.

I know it's a pain to keep explaining things but I'm going to ask some questions about some points that are not clear to me. When you have some free time please give me your feedback.

1) As I understood, in Level 1 entry, the PriceToOpen is already good and then ASH aligns. We must wait for the close of that bar where the ASH changes and enter in the open of the next bar. Correct?

2) As for Level 2 entry, both PriceToOpen and ASH are already aligned (it's a small pullback so they don't change color). Then there is a pullback bar (15M) which must close with a different color. In the next bar we would enter on the break of the low/high of the pullback bar?
Another doubt: if we have more than 1 pullback bars without ASH changing color, is the Level 2 entry still valid? and where should we enter?

3) In the H1 graph you say the TrendMirror indicators must agree up to 1 bar. Does that mean that they can't agree for more than 1 bar? Sometimes the pullback is weak and there is no color change in the H1 graph.

4) This system has 2 triggers, the EMA5 and the Entry levels 1&2 and sometimes they don't trigger in the same bar. How should we manage the two? Usually the EMA triggers first. For example, should we enter in the bar after the EMA signal if ASH changes in the middle of the bar (not closed)? And if ASH doesn't change in the following bar, do we keep waiting?

Sorry for all the questions. I'm sure the anwsers will help other too. Thanks.
Jaime
  • #576
  • Quote
  • Feb 26, 2016 11:26am Feb 26, 2016 11:26am
Quoting fxrabbi
{quote} The EA takes total control, unless I'm offline. Happy trading, Yomi
Thanks and wish you a nice weekend!
  • #577
  • Quote
  • Feb 26, 2016 11:51am Feb 26, 2016 11:51am
this is my trade for today

EURUSD (5)+ 20.9




HAPI TRADING
sandico68
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 48 KB
  • #578
  • Quote
  • Feb 26, 2016 5:52pm Feb 26, 2016 5:52pm
Quoting Go5
{quote} Thanks and wish you a nice weekend!


Wish you the same here.



Happy weekend,
Yomi.
Be Dumb and Follow Price
  • #579
  • Quote
  • Feb 26, 2016 6:43pm Feb 26, 2016 6:43pm
Quoting jmmac
Hi Yomi, I'm making many mistakes so I reread all the rules, checklists and took another look at the charts. I'm also doing my personal checklist to help me improve. I know it's a pain to keep explaining things but I'm going to ask some questions about some points that are not clear to me. When you have some free time please give me your feedback. 1) As I understood, in Level 1 entry, the PriceToOpen is already good and then ASH aligns. We must wait for the close of that bar where the ASH changes and enter in the open of the next bar. Correct? 2)...
These are nice questions that will help a lot of traders here, but I will attend to them by tomorrow, very tired now.


Good night, and happy weekend,
Yomi.
Be Dumb and Follow Price
  • #580
  • Quote
  • Feb 26, 2016 6:46pm Feb 26, 2016 6:46pm
Quoting sandico68
this is my trade for today EURUSD (5)+ 20.9 HAPI TRADING sandico68 {image}


Weldone, arise and repeat.
Be Dumb and Follow Price
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