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As simple as possible: 00 level trading

  • #34,061
  • Apr 19, 2016 3:14am Apr 19, 2016 3:14am
[quote=LuXing;8877932]Sigh. Guys, you are focusing on the wrong things and entering the skiddie kid dungeon...

Just GREAT thanks for sharing your experience pal!
Your efforts and examples motivates a lot!!! So, this positive vibrations will pay you back 10 times for sure!

Thanks again, and stay positive, Multimillion
"All will be correctly, in this world is built" - The Master and Margarita
  • #34,062
  • Apr 19, 2016 4:07am Apr 19, 2016 4:07am
Quoting bubincka
My trades today, LO session- #1 AUDJPY to TP #2 EURCAD to TP Bubincka {image} {image}
Nice mate, that's looking good. Keep it up !!!

LuXing
Wisdom begins in wonder
  • #34,063
  • Apr 19, 2016 4:35am Apr 19, 2016 4:35am
Quoting Multimillion
#1 NZDJPY It was to early FO entrance almost caused SL... Any cents here? {image} {image} #2 NZDUSD it was risky because of ABR {image} Stay positive, MM
Bit of a drawdawn yeah.
NZDJPY was a good trade (I took the NJ at London Open at the 550 level), but with a couple of observations.
- Waiting a couple of minutes longer than 5 after market open would have avoided the drawdown.
Of course this is easy to say after it happened, but it's still Frankfurt and FF is well known for false breakouts.
- Taking AUDJPY would have been my preferred trade along with NZDJPY, but this would mean taking AUDJPY at the BRN and that's not a good idea during Frankfurt.
Doing so would actually have given you a stoploss...
- On the subject of Average Daily Range, yes NZDUSD was far into the range already but in the end it was your discretion. You took the trade and it worked out.
- ABR, I have currently set the multiplier to 1.7-ish when looking at M30 charts. I won't go into details, but there is a good (statistical) reason for this.

LuXing
Wisdom begins in wonder
  • #34,064
  • Apr 19, 2016 5:20am Apr 19, 2016 5:20am
#1 NZDUSD TP 6.0 pip

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-m30-international-capital-markets-2.png Size: 99 KB



#2 NZDJPY TP 8.0 pip

Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy-m30-international-capital-markets-2.png Size: 88 KB



#3 GBPJPY TP 14.0 pip

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m30-international-capital-markets-5.png Size: 98 KB
  • #34,065
  • Apr 19, 2016 6:18am Apr 19, 2016 6:18am
Quoting LuXing
- ABR, I have currently set the multiplier to 1.7-ish when looking at M30 charts. I won't go into details, but there is a good (statistical) reason for this. LuXing
Hi LuXing,

without going into details, what it refers to this multiplier, SL, TP ?

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #34,066
  • Apr 19, 2016 11:31am Apr 19, 2016 11:31am
Quoting bubincka
{quote} Hi LuXing, without going into details, what it refers to this multiplier, SL, TP ? Best regards, Bubincka
It refers to to "BarSizeEsceptionMultiplier" field of the AverageBarRangeRH indicator.

ABR(480): 14 -> average candle size measured over the last 480 periods is 14 pips
Last: 14 -> last closed candle size in pips
Current: 2 -> current candle size in pips

If you set the multiplier to 1.7 and the average candle size is 14, from 14 * 1.7 = 23.8 pips it would signal in red, which for last or current would be a no go for me.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
Wisdom begins in wonder
  • #34,067
  • Apr 20, 2016 2:41am Apr 20, 2016 2:41am
Quoting LuXing
{quote} It refers to to "BarSizeEsceptionMultiplier" field of the AverageBarRangeRH indicator. ABR(480): 14 -> average candle size measured over the last 480 periods is 14 pips Last: 14 -> last closed candle size in pips Current: 2 -> current candle size in pips If you set the multiplier to 1.7 and the average candle size is 14, from 14 * 1.7 = 23.8 pips it would signal in red, which for last or current would be a no go for me. LuXing {image}
Thank you LuXing. I've it set to 2.0 (default), but I operate on M15, so probably I have to do my observations on a meaningful sample to gain knowledge and set it accordingly.

Bubincka
Porta itineris dicitur longissima esse
  • #34,068
  • Apr 20, 2016 11:36am Apr 20, 2016 11:36am
Today's only trade: CADCHF to TP.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 74 KB
Wisdom begins in wonder
  • #34,069
  • Apr 20, 2016 11:56am Apr 20, 2016 11:56am
Style one
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADCHF.png Size: 63 KB
Click to Enlarge Name: CHFJPY.png Size: 66 KB
Click to Enlarge Name: EURJPY.png Size: 71 KB
Click to Enlarge Name: EURNZD.png Size: 76 KB
Click to Enlarge Name: GBPAUD.png Size: 75 KB
Click to Enlarge Name: NZDCAD.png Size: 75 KB
By failing to prepare, you are preparing to fail.
  • #34,070
  • Apr 20, 2016 11:57am Apr 20, 2016 11:57am
All roads lead to Rome ... or not , different style
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCHF.png Size: 70 KB
Click to Enlarge Name: AUDNZD.png Size: 69 KB
Click to Enlarge Name: EURJPY.png Size: 67 KB
Click to Enlarge Name: NZDJPY.png Size: 66 KB
Click to Enlarge Name: NZDUSD.png Size: 67 KB
By failing to prepare, you are preparing to fail.
  • #34,071
  • Apr 20, 2016 12:39pm Apr 20, 2016 12:39pm
seams that the day didn't end
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY.png Size: 63 KB
By failing to prepare, you are preparing to fail.
  • #34,072
  • Apr 20, 2016 1:26pm Apr 20, 2016 1:26pm
and just finish
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD.png Size: 82 KB
By failing to prepare, you are preparing to fail.
  • #34,073
  • Apr 21, 2016 3:25am Apr 21, 2016 3:25am
#1 AUDNZD
Too early again, almost SL before TP... 5 min retrace not enough today... It would be better to wait next breakout candle close and go in 1.1200 level
But it is always easy to be smart after..

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Stay positive, MM
"All will be correctly, in this world is built" - The Master and Margarita
  • #34,074
  • Edited 9:36am Apr 21, 2016 9:09am | Edited 9:36am
Mixed results for me today. Apart plenty of red news, I think this is mainly due to the effects produced by the reading of the book "Trading in the zone" that is changing my way of trading. I haven't finished the book yet and I have to understand and digest its full meaning and message.

#1 AUDUSD to TP
#2 CADJPY to SL
#3 EURUSD to TP
#4 AUDJPY to TP
#5 USDCAD to TP

Bubincka
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU-TP.jpg Size: 84 KB
Click to Enlarge Name: CJ-SL.jpg Size: 81 KB
Click to Enlarge Name: EU-TP.jpg Size: 68 KB
Click to Enlarge Name: AJ-TP.jpg Size: 94 KB
Click to Enlarge Name: UCAD-TP.jpg Size: 111 KB
Porta itineris dicitur longissima esse
  • #34,075
  • Apr 22, 2016 1:17am Apr 22, 2016 1:17am
Two quick picks before FFO. After BOJ announcement there was only spoiled for choice.
I was also tempted to open some long positions on ej, gj, uj, aj and let them go without any preset TP, but this isn't this system.

#1 AUDJPY to TP
#2 NZDJPY to TP

Bubincka
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AJ-TP.jpg Size: 119 KB
Click to Enlarge Name: NJ-TP.jpg Size: 124 KB
Porta itineris dicitur longissima esse
  • #34,076
  • Apr 26, 2016 11:54am Apr 26, 2016 11:54am
Today's trades, mainly on JPY.

CHFJPY, GBPJPY, CADJPY, EURJPY.

LuXing
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot5.png Size: 108 KB
Wisdom begins in wonder
  • #34,077
  • Apr 26, 2016 6:03pm Apr 26, 2016 6:03pm
Quoting bubincka
Mixed results for me today. Apart plenty of red news, I think this is mainly due to the effects produced by the reading of the book "Trading in the zone" that is changing my way of trading. I haven't finished the book yet and I have to understand and digest its full meaning and message. #1 AUDUSD to TP #2 CADJPY to SL #3 EURUSD to TP #4 AUDJPY to TP #5 USDCAD to TP Bubincka {image} {image} {image} {image} {image}


Déjà vu.
Finish the book.
Re-read it every year.

If you keep up the good work and trades you have been taking, trust me: you will be consistently profitable.

LuXing
Wisdom begins in wonder
  • #34,078
  • Apr 27, 2016 6:32am Apr 27, 2016 6:32am
Quoting LuXing
{quote} Dj vu. Finish the book. Re-read it every year. If you keep up the good work and trades you have been taking, trust me: you will be consistently profitable. LuXing
Thank you LuXing.
I was thinking to reread it just finished.
Today's trades-

#1 USDCAD to SL
#2 CADJPY to TP
#3 EURCAD to TP
#4 USDJPY to TP
#5 NZDCAD to TP

Bubincka
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UCAD-SL.jpg Size: 234 KB
Click to Enlarge Name: UCAD-TP.jpg Size: 266 KB
Click to Enlarge Name: EC-TP.jpg Size: 265 KB
Click to Enlarge Name: UJ-TP.jpg Size: 247 KB
Click to Enlarge Name: NU-TP.jpg Size: 358 KB
Porta itineris dicitur longissima esse
  • #34,079
  • Apr 27, 2016 11:20am Apr 27, 2016 11:20am
Quoting bubincka
{quote} Thank you LuXing. I was thinking to reread it just finished. Today's trades- #1 USDCAD to SL #2 CADJPY to TP #3 EURCAD to TP #4 USDJPY to TP #5 NZDCAD to TP Bubincka {image} {image} {image} {image} {image}
bubinca,

re. your usdcad long trade:

just wondering...
why you didn't buy the previous level i.e. at 1.2610 (in stead of 1.2615).
your exit would then have been at 1.2615 (where you entered).

that would have been a win.
  • #34,080
  • Apr 27, 2016 6:56pm Apr 27, 2016 6:56pm
Quoting VinceHS
Hi everyone, For those like myself who has a hard time looking at numbers on the CSM, I came across this graphical CSM indicator that has helped me tremendously. I've attached a screenshot of how I use it. I'm currently using the M15 on the StrengthMeterSession indicator to see changes in CS. The best way to understand how it works and to understand LuXing's trades is to use a program to take snapshots every minute and review the CSM (Giraia and HeatMapModokiV1) numbers compared to the graphical one. I'm getting better at picking the same pairs...
I thought that indi looked familiar... I modified it from the original to allow for a static start time, such as Session. You do not have to reset it for new sessions, that is an option in the Inputs. Just set your Start Hour for Asia, London, NY. If you use the exact start hour on your chart, you can leave GMToffset at 0. HOWEVER, the CSMs that are used here are all based on Daily Open, not London or NY open, so consider that too.
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