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As simple as possible: 00 level trading

  • #34,161
  • May 16, 2016 2:58am May 16, 2016 2:58am
Quoting yasirhawk
{quote} send me downloadable link or mq4/ ex4 file of that indicator. {image}
Hi yasirhawk, this is LuXing's personal stuff.
I guess it's a custom version of Excel files like jojo-strength_X.Y.xlsx, dtlase.xlsm that you can find around on "00 level trading" and other FF threads.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #34,162
  • May 16, 2016 4:50am May 16, 2016 4:50am
Quoting Masterrmind
AUDJPY [M5 Chart] {image} Nothing but net! ps. entered just before the start of the next hour to get in on the trade. pps. risk associated with a possible slowing down of momentum up to the pivot however, entry over-rode no-entry on this occasion. Masterrmind........
Hi MM!
Nice to see your trades and comments further!!!
Thanks.

my NZDJPY TP
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 170 KB


Stay positive Multimillion
"All will be correctly, in this world is built" - The Master and Margarita
  • #34,163
  • May 16, 2016 4:54am May 16, 2016 4:54am
Quoting bubincka
Hi LuXing regarding your CMS, can you please tell us how much time before you save strength values to calculate the up/down direction on the blue-circled arrows (i.e. 5mins, 15mins, 1 hour...) ? Thank you in advance, Bubincka {image}
+1 interested in. Thanks in advance LuXing
Stay positive
"All will be correctly, in this world is built" - The Master and Margarita
  • #34,164
  • May 16, 2016 6:51am May 16, 2016 6:51am
Quoting bubincka
{quote} Hi yasirhawk, this is LuXing's personal stuff. I guess it's a custom version of Excel files like jojo-strength_X.Y.xlsx, dtlase.xlsm that you can find around on "00 level trading" and other FF threads. Best regards, Bubincka
thanks ..but dear i want CSM indicator for multi time frame like in image , have you know about or similiar csm for multi timeframe in one window ?/
Attached Image
  • #34,165
  • May 16, 2016 8:21am May 16, 2016 8:21am
Quoting yasirhawk
{quote} thanks ..but dear i want CSM indicator for multi time frame like in image , have you know about or similiar csm for multi timeframe in one window ?/ {image}
As far as I know, you have to do it yourself, starting from the available files that should be enough. Then customize it to suit your own taste.
Porta itineris dicitur longissima esse
  • #34,166
  • May 16, 2016 8:34am May 16, 2016 8:34am
Quoting bubincka
Hi LuXing regarding your CMS, can you please tell us how much time before you save strength values to calculate the up/down direction on the blue-circled arrows (i.e. 5mins, 15mins, 1 hour...) ? Thank you in advance, Bubincka {image}
Mmmm, there is a distinction to be made;

1. History / lookback. I save the last 8 hours for reference.
2. Strengthening / weakening on (non daily open) other TFs. I replace the high/low in the forexgrail spreadsheet (used to calculate the bidratio and currency strength) by a "floating" high/low. Simply said, at any moment it looks back 240 resp. 60 resp. 15 minutes.

It´s not rocket science, but I find it rather useful (see for instance NZD). The Modoki heatmap does a good job at this at well.

LuXing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 35 KB
Click to Enlarge Name: Screenshot3.png Size: 30 KB
Wisdom begins in wonder
  • #34,167
  • May 16, 2016 8:40am May 16, 2016 8:40am
Quoting Masterrmind
AUDJPY [M5 Chart] {image} Nothing but net! ps. entered just before the start of the next hour to get in on the trade. pps. risk associated with a possible slowing down of momentum up to the pivot however, entry over-rode no-entry on this occasion. Masterrmind........


Nice one !
Couple of hours later, same entry level.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 70 KB
Wisdom begins in wonder
  • #34,168
  • May 16, 2016 8:41am May 16, 2016 8:41am
Quoting LuXing
{quote} Mmmm, there is a distinction to be made; 1. History / lookback. I save the last 8 hours for reference. 2. Strengthening / weakening on (non daily open) other TFs. I replace the high/low in the forexgrail spreadsheet (used to calculate the bidratio and currency strength) by a "floating" high/low. Simply said, at any moment it looks back 240 resp. 60 resp. 15 minutes. Its not rocket science, but I find it rather useful (see for instance NZD). The Modoki heatmap does a good job at this at well. LuXing {image} {image}
Modoki can be called an absolute strength, the one that you showed is relative strength. Both can use rolling period, but and relative it will always be faster

Best combination is to use both , get the most clear direction.
By failing to prepare, you are preparing to fail.
  • #34,169
  • May 16, 2016 8:43am May 16, 2016 8:43am
Weak JPY.

LuXing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 71 KB
Click to Enlarge Name: Screenshot2.png Size: 85 KB
Wisdom begins in wonder
  • #34,170
  • May 16, 2016 8:44am May 16, 2016 8:44am
My trades this morning at FFO, LO. Plenty of opportunities with JPY and CHF weak while AUD and NZD were strong. Most of these setups happened simultaneously making it hard to place orders for all. But we don't have to be greedy!

#1 AUDUSD to TP
#2 NZDUSD to TP
#3 EURUSD to TP
#4 NZDCHF to TP

Bubincka
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU-TP.jpg Size: 202 KB
Click to Enlarge Name: NU-TP.jpg Size: 273 KB
Click to Enlarge Name: EU-TP.jpg Size: 213 KB
Click to Enlarge Name: NCHF-TP.jpg Size: 239 KB
Porta itineris dicitur longissima esse
  • #34,171
  • May 16, 2016 8:47am May 16, 2016 8:47am
Quoting Multimillion
{quote} Hi MM! Nice to see your trades and comments further!!! Thanks. my NZDJPY TP {image} Stay positive Multimillion
Cheers Multimillion...........

Just dropping by to see how everyone is doing.

There sure are some long term traders in this thread .... smashing out the trades too 1 after the other!

Wonder how Udine is doing ..... what a top guy he is for bringing us all this FIFO method........

Take care,

Masterrmind...........
Master your Mind then Master your Trades
  • #34,172
  • May 16, 2016 8:48am May 16, 2016 8:48am
Quoting bubincka
My trades this morning at FFO, LO. Plenty of opportunities with JPY and CHF weak while AUD and NZD were strong. Most of these setups happened simultaneously making it hard to place orders for all. But we don't have to be greedy! #1 AUDUSD to TP #2 NZDUSD to TP #3 EURUSD to TP #4 NZDCHF to TP Bubincka {image} {image} {image} {image}


Very fancy Bubincka !

On Mondays, don't forget to change the settings in the autopivot indicator.
Set the "use Sunday data" to true for the pivots to reflect correctly on the chart.

Happy trading,
LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
Wisdom begins in wonder
  • #34,173
  • May 16, 2016 8:51am May 16, 2016 8:51am
Quoting LuXing
Weak JPY. LuXing {image} {image}
Love those 2 AJ longs ...

Looks like you are using about a 17 pip stop on the trades ..... however, under the DP is the best place to have your stop parked.

Nice trades!

Masterrmind............
Master your Mind then Master your Trades
  • #34,174
  • May 16, 2016 8:54am May 16, 2016 8:54am
Lets see if I can find a few entries for the turn of the next hour.

Always so many opportunities .... but only need the best ones.

Masterrmind...........
Master your Mind then Master your Trades
  • #34,175
  • May 16, 2016 9:12am May 16, 2016 9:12am
AU +5ish

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB


TP set to 10 but closed out prior.

Masterrmind............
Master your Mind then Master your Trades
  • #34,176
  • May 16, 2016 9:13am May 16, 2016 9:13am
Quoting LuXing
{quote} Mmmm, there is a distinction to be made; 1. History / lookback. I save the last 8 hours for reference. 2. Strengthening / weakening on (non daily open) other TFs. I replace the high/low in the forexgrail spreadsheet (used to calculate the bidratio and currency strength) by a "floating" high/low. Simply said, at any moment it looks back 240 resp. 60 resp. 15 minutes. Its not rocket science, but I find it rather useful (see for instance NZD). The Modoki heatmap does a good job at this at well. LuXing {image} {image}
Hi LuXing,

thanks for your explanation.

In my view, you are the one who has been able to customize the CSM stuff to get the most out of this strategy. Every time I see screenshots of your excel tools, they synthesizes all the relevant info letting you immediately understand what needs to be done. Of course all this arsenal wasn't built in a day and now show us how powerful is your trading layout.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #34,177
  • May 16, 2016 9:16am May 16, 2016 9:16am
Quoting Masterrmind
Lets see if I can find a few entries for the turn of the next hour. Always so many opportunities .... but only need the best ones. Masterrmind...........
How about this one ?

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 81 KB
Wisdom begins in wonder
  • #34,178
  • May 16, 2016 9:18am May 16, 2016 9:18am
Quoting LuXing
{quote} Very fancy Bubincka ! On Mondays, don't forget to change the settings in the autopivot indicator. Set the "use Sunday data" to true for the pivots to reflect correctly on the chart. Happy trading, LuXing {image}
Oooops! Another useful adjustement. Thank you!
Porta itineris dicitur longissima esse
  • #34,179
  • May 16, 2016 9:21am May 16, 2016 9:21am
NJ +5 ish

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB


Notes: TP set to 10 pips for this trade too and while I was posting the AU trade above price moved above the 5 pip mark and then down again before I closed it manually.

Masterrmind..........
Master your Mind then Master your Trades
  • #34,180
  • May 16, 2016 9:22am May 16, 2016 9:22am
Quoting LuXing
{quote} How about this one ? LuXing {image}
I had my eye on that one too but decided to go for the AU and NJ pairs.

2 trades 2 winners

Masterrmind............
Master your Mind then Master your Trades
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