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As simple as possible: 00 level trading

  • #34,481
  • Sep 21, 2016 7:46am Sep 21, 2016 7:46am
Quoting Waterlim
{quote} Hi Luxing, I downloaded the Currency strength meter and installed them as well. But nothing popped up in my MT4. Can you advice? Thanks! {image}
Hi Waterlim,

there are plenty of CSM scattered through FF threads. I started with Giraia's, then developed mine.

You can try one of these :

1. CM_Strength_V1.0 -- > Classic, based on D1 timeframe
2. CM_Strength_TF_V1.0 --> same calculations, but you can specify TF and Period too.

Last but not least .mq4 code is available therefore you can study it and customize to suit your preferences.

Best regards,
Bubincka
Attached File(s)
File Type: mq4 CM_Strength_V1.0.mq4   20 KB | 610 downloads
File Type: mq4 CM_Strength_TF_V1.0.mq4   20 KB | 782 downloads
Porta itineris dicitur longissima esse
  • #34,482
  • Sep 22, 2016 1:26am Sep 22, 2016 1:26am
Haven't been able to post for much of the week but back today.

Good trade to begin the day.

Strong Euro.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM30.png Size: 46 KB
flipfloptrader forum
  • #34,483
  • Sep 22, 2016 3:45am Sep 22, 2016 3:45am
And weak JPY.
I took almost the same trade a bit earlier because I'm on M15. I took it twice, since I use two different trade managers for same entries-

#1 EURJPY to TP (x2)

Best regards,
Bubincka
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ-TP1.jpg Size: 206 KB
Click to Enlarge Name: EJ-TP2.jpg Size: 192 KB
Porta itineris dicitur longissima esse
  • #34,484
  • Sep 22, 2016 7:31am Sep 22, 2016 7:31am
Strong CAD and weak USD pre news. Exited 60 seconds pre US data for +7 pips. Solid day.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-m30-international-capital-markets.png Size: 59 KB
flipfloptrader forum
  • #34,485
  • Sep 23, 2016 2:03am Sep 23, 2016 2:03am
Strong AUD, a recovering JPY and a relatively weak GBP at FFO.

#1 GBPJPY Short to TP
#2 GBPAUD Short to TP

Best regards,
Bubincka
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ-TP1.jpg Size: 360 KB
Click to Enlarge Name: GA-TP1.jpg Size: 332 KB
Porta itineris dicitur longissima esse
  • #34,486
  • Sep 23, 2016 2:10am Sep 23, 2016 2:10am
Quoting bubincka
Strong AUD, a recovering JPY and a relatively weak GBP at FFO. #1 GBPJPY Short to TP #2 GBPAUD Short to TP Best regards, Bubincka {image} {image}
Hi bubincka
Can You Share your strenght indicator?
Thx
  • #34,487
  • Sep 23, 2016 4:24am Sep 23, 2016 4:24am
Quoting ivanantonio
{quote} Hi bubincka Can You Share your strenght indicator? Thx
Hi ivanantonio,

it's on the paperclip, or here:

http://www.forexfactory.com/showthre...88#post8946888

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #34,488
  • Sep 23, 2016 6:05am Sep 23, 2016 6:05am
Thought I'd posted my EURNZD trade from London open but apparently not. @bubincka nice trade on GBPJPY at FF open, I missed it by 2 pips as I was too late. Made amends on London open though.

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd-m30-international-capital-markets.png Size: 62 KB
flipfloptrader forum
  • #34,489
  • Sep 26, 2016 2:52am Sep 26, 2016 2:52am
They don't all work. Got EURAUD wrong. EUR seemed weak and AUD strong but in hindsight it was right on support.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 41 KB


However, made it back and more on an extremely weak GBP and strong Yen:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 41 KB
flipfloptrader forum
  • #34,490
  • Sep 26, 2016 9:00am Sep 26, 2016 9:00am
Quoting FlipFlopGC
They don't all work. Got EURAUD wrong. EUR seemed weak and AUD strong but in hindsight it was right on support. {image} However, made it back and more on an extremely weak GBP and strong Yen: {image}
In itself it was a good setup, but it turned out to be the typical Frankfurt Fakey.
Give the market time to make up its mind and to see in what direction it really wants to take things.
When a new session opens (Tokyo, FF, London, NY), a waiting time of anywhere from 5 to 25 minutes should do.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: FFF.png Size: 89 KB
Wisdom begins in wonder
  • #34,491
  • Sep 26, 2016 5:13pm Sep 26, 2016 5:13pm
Quoting LuXing
{quote} In itself it was a good setup, but it turned out to be the typical Frankfurt Fakey. Give the market time to make up its mind and to see in what direction it really wants to take things. When a new session opens (Tokyo, FF, London, NY), a waiting time of anywhere from 5 to 25 minutes should do. LuXing {image}
I do the same, especially with London open. It can be hard as you might miss the move if it goes flying in one direction straight away and you'll then not want to take it if it has already shot 30 pips one way, but trying to take it too close to the start of the session, particularly london open just ends up getting me whipped to death most of the time as it flies one way and then the other. I wait out the first 5 minutes and see what I think, sometimes it is best to wait up to 15 mins and if I am not sure after 15 mins then I will leave it.

At one point i was simply waiting for the first 5 minutes and then if it went down in during those 5 minutes, I would place a buy order above it because it always seemed like the first 5 minutes was mostly a fakeout to sucker people in and most of the time the correct direction was the opposite way. But this kinda stopped working and I haven't bothered with that again since
  • #34,492
  • Sep 27, 2016 2:32am Sep 27, 2016 2:32am
Wait 5 mins after market open is vital.

I'm still trying to find a proper trade manager to exploit big moves and at the same time lock in some profits as an evolution of the original Udine's idea to use TS & BE. Here's the same trade managed by to different trade managers, first has TP = 0.5 * ATR(480) on M15 tf, second has TP = ATR(480) on M15 tf and trailing that kicks in at ATR/2.

#1 NZDUSD to TP
#2 NZDUSD to TP

Best regards,
Bubincka
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NU-TP1.jpg Size: 307 KB
Click to Enlarge Name: NU-TP2.jpg Size: 293 KB
Porta itineris dicitur longissima esse
  • #34,493
  • Sep 27, 2016 7:17am Sep 27, 2016 7:17am
Missed both FF and London open.

Nice CADJPY trade here for +10 pips on a 12 SL.

Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy-m30-international-capital-markets.png Size: 61 KB
flipfloptrader forum
  • #34,494
  • Sep 27, 2016 1:24pm Sep 27, 2016 1:24pm
Quoting bubincka
I'm still trying to find a proper trade manager to exploit big moves and at the same time lock in some profits as an evolution of the original Udine's idea to use TS & BE. Here's the same trade managed by to different trade managers, first has TP = 0.5 * ATR(480) on M15 tf, second has TP = ATR(480) on M15 tf and trailing that kicks in at ATR/2. #1 NZDUSD to TP #2 NZDUSD to TP Best regards, Bubincka {image} {image}


Thank you and Luxing and the other active guys for keeping this thread alive. I had difficulties with it so I went on . But after looking at it again the las few days I gave a try today and make 15 trades without loss during NY session , I am really happy about that even if I had som TS .

One question Bubincka: wich ATR indi do you use to decide your TP ? When will you use it instead of usual Udine TP , I guess you are waiting for stronger signal ? I remenber Elena i the beginning of 2015 , she made huge result G/Y and E/Y just closing at the end of the 15min candle whatever the result. I was never able to do the same later , probably because a lack of skill with this method.
I think most of us are interested in those new results too, so please keep posting

Best regards
  • #34,495
  • Sep 27, 2016 3:15pm Sep 27, 2016 3:15pm
Quoting bubincka
{quote} Hi ivanantonio, it's on the paperclip, or here: http://www.forexfactory.com/showthre...88#post8946888 Best regards, Bubincka
Thx
  • #34,496
  • Sep 28, 2016 2:17am Sep 28, 2016 2:17am
Quoting pipsit
{quote} Thank you and Luxing and the other active guys for keeping this thread alive. I had difficulties with it so I went on . But after looking at it again the las few days I gave a try today and make 15 trades without loss during NY session , I am really happy about that even if I had som TS . One question Bubincka: wich ATR indi do you use to decide your TP ? When will you use it instead of usual Udine TP , I guess you are waiting for stronger signal ? I remenber Elena i the beginning of 2015 , she made huge result G/Y and E/Y just closing...
Hi pipsit,

simply the built-in ATR function iATR(...)

Inserted Code
ATR = iATR(OrderSymbol(), PERIOD_M15, 480, 0);

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #34,497
  • Sep 28, 2016 2:47am Sep 28, 2016 2:47am
Weak JPY across the board, original entry was from FF but avoided the initial trigger and got a better entry and used this for a smarter R:R. +10 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM300.png Size: 42 KB
flipfloptrader forum
  • #34,498
  • Sep 28, 2016 7:23am Sep 28, 2016 7:23am
Nice trade here, EURNZD had come off it's big rally and heading into US session, EUR looked strong.

Gained a slightly better entry and aimed for +16 pips with a 15 SL. A good day's trading. I'd moved my stop to breakeven after +10 incase of a reversal.

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd-m30-international-capital-markets1.png Size: 64 KB
flipfloptrader forum
  • #34,499
  • Oct 3, 2016 6:30am Oct 3, 2016 6:30am
Still going with this, looking forward to a good NY open.

GBP got a thrashing on London open.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m15-international-capital-markets.png Size: 58 KB
flipfloptrader forum
  • #34,500
  • Oct 3, 2016 7:45am Oct 3, 2016 7:45am
I took the same trade twice since as said in a previous post I use same entry and two different trade managers. Both went to TP.

#1 & #2 GBPJPY to TP

Best regards,
Bubincka
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ-TP1.jpg Size: 115 KB
Click to Enlarge Name: GJ-TP2.jpg Size: 107 KB
Porta itineris dicitur longissima esse
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