As simple as possible: 00 level trading

Quoting LuXing

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{quote} May I make the following suggestions ? - Only take a trade if your SL would not be on the other side of the Daily Open. So lets say a safe distance of 10 pips from the Daily Open - ADR / RmUp / RmDn. Easiest thing to do is to use the Daily Range Extended indicator. If the "Today" part turns red, its pretty much done trading that pair. Advantage of this indicator is that its noticeably less of a resource hog than the xADR. - Forget Frankfurt Open, many nasty surprises. Try London Open plus 2-3 hrs max. and NY open +2-3 hrs max. This is more...

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Quoting numberman

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good day everyone. EU to SL Any advises? Numberman {image}

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Quoting jmmac

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{quote} Hi numberman, I'm still in the beginning of the learning curve but I can share what I see when I look at your chart: 1) Isn't the 5m time-frame too erratic? The smaller the time-frame the greater the noise. 2) I read Frankfurt open is harder to trade. 3) There was a previous long bull candle that closed near to where you're entering and can serve as resistence. 4) In my chart, the DO is around those levels. Jaime

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Quoting marcoFF

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1st trade of the day, any comment are welcome! {image} Edit: Maybe i'm the wizard of the turning poit.. I don't understand.. (only think i can say is there isn't sync with GU) {image}

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Quoting jmmac

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Hi. Yesterday I read a bit about Yelena's version of this system. I don't think trading without stops is wise with such a high leverage but... I believe there is value in letting profits run a bit longer since in most trades the candle where the PT is met, closes way beyond our exit point. So, I'll leave here an idea for a different closing rule for the 15m version of the system, for your consideration: 1) Opening is exactly the same. 2) 50% of the position is closed as usual: 5 pip PT; 10 pip SL; SL to BE after 3.5 pip profit; 3.5 pip TS after...

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Quoting bubincka

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EJ +23 TP EU +17 TP I don't know what happened, but the move up in both pairs was so quick that the EA didn't kick in, I close the trades manually when I saw that 5 pips target was plenty exceeded. I think this is connected to the fact that my broker freezes at hour change even fro ma couple of mins, anybody else experimented this behavior ? {image} {image}

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Quoting numberman

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good day everyone. EU to SL Any advises? Numberman {image}

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Quoting LuXing

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{quote} @Numberman Whats this magenta block thing indicator on your chart ? What does it do ? What and how is calculated / indicated ? Are you sure it signalled a short (and not a long) ? PA very close to the DO. No real direction yet, but then again, thats difficult to see on a M5 chart ;-) LuXing EDIT: why are you taking your chances and trading FF ? More than enough possibilities to get your green pips during the London session...

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Quoting LuXing

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{quote} @Numberman Whats this magenta block thing indicator on your chart ? What does it do ? What and how is calculated / indicated ? Are you sure it signalled a short (and not a long) ? PA very close to the DO. No real direction yet, but then again, thats difficult to see on a M5 chart ;-) LuXing EDIT: why are you taking your chances and trading FF ? More than enough possibilities to get your green pips during the London session...

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Quoting LuXing

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Buenos das, Trade #1 o/t day: EURUSD to TP LuXing {image}

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