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As simple as possible: 00 level trading

  • #35,061
  • Jul 9, 2019 3:08am Jul 9, 2019 3:08am
Attached Image (click to enlarge)
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Todays Trade Sell GBP/JPY @80 level Hit Profit Target
  • #35,062
  • Jul 9, 2019 4:03am Jul 9, 2019 4:03am
Attached Image (click to enlarge)
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EUR/JPY Sell @90 Level Hit Stop Loss
  • #35,063
  • Jul 9, 2019 4:20am Jul 9, 2019 4:20am
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GPY/JPY Sell @80 Level Hit Profit Target
  • #35,064
  • Jul 9, 2019 5:43am Jul 9, 2019 5:43am
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GBP/JPY Sell @60 Level Hit Break Even
  • #35,065
  • Jul 9, 2019 6:10am Jul 9, 2019 6:10am
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GBP/JPY Sell @60 Level Hit Take Profit
  • #35,066
  • Sep 19, 2019 5:46am Sep 19, 2019 5:46am
Quoting iwan73
ECAD L TP EJ L SL what a pity, price went up so strong {image}
Hello IWAN please can you help with this template and indicators used on chart ?
  • #35,067
  • Mar 29, 2020 9:50am Mar 29, 2020 9:50am
Hello everyone,

Kindly advise me on where the latest advise can be found.

Is the day one advice still valid_?

Any updates?


Thanks
  • #35,068
  • Mar 31, 2020 8:01am Mar 31, 2020 8:01am
Hi all.
Just wondering if is up there any script /ea which put the stop trade with sl but when 5pip is reached then be is set at that level and trailing from that 5pips for example? Like you see these awesome movement days on forex so spikes for 10 20 or more pips you see every day.
  • #35,069
  • Apr 11, 2020 10:57pm Apr 11, 2020 10:57pm
Quoting doostwoudgro
{image} EUR/JPY Buy @80 Level Hit Trailing Stop
Am a novice. Can someone explain to me better
  • #35,070
  • Apr 13, 2020 10:22am Apr 13, 2020 10:22am
Quoting imanu01
Hello everyone, Kindly advise me on where the latest advise can be found. Is the day one advice still valid_? Any updates? Thanks
Yes, it's still valid although a lot of new rules have been implemented since the very first beginning of this thread. Just read the first 100 - 150 posts. There you'll find lots of information. And stick to the original rules always, then you'll be fine.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,071
  • Apr 13, 2020 10:50am Apr 13, 2020 10:50am
Quoting JibalaPasan
{quote}And stick to the original rules always, then you'll be fine. Jibala
Accordingly to the system but not strictly to the rules.

On EURUSD I should take the entry on the 2nd red candle @1.09400

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On AUDCHF I should have set the pending order on the 2nd green candle @0.61450

Attached Image (click to enlarge)
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The swissy was so weak that I had absolutely no doubts it will not work for me. I almost failed for some spare pips. Lucky me.


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,072
  • Apr 15, 2020 3:29am Apr 15, 2020 3:29am
The currencies have been in perfect order since early morning, so all I had to do was to wait for a suitable setup. This led to the pairings EURJPY and EURUSD.

Best trading opportunities when currencies are paired to AUD/NZD - CHF/CAD - EUR/GBP - JPY/USD and the leading pair JPY/USD is on top/bottom.

Attached Image


EURJPY

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EURUSD

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Done for today!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,073
  • Apr 15, 2020 10:12am Apr 15, 2020 10:12am
Quoting JibalaPasan
The currencies have been in perfect order since early morning, so all I had to do was to wait for a suitable setup. This led to the pairings EURJPY and EURUSD. Best trading opportunities when currencies are paired to AUD/NZD - CHF/CAD - EUR/GBP - JPY/USD and the leading pair JPY/USD is on top/bottom. {image} EURJPY {image} EURUSD {image} {image} Done for today! Jibala
Hi Jibala,

Glad to see you back! You may not see my id before but years ago I did follow yours and Natalia's posts, learnt a lot and inspired for your concept to combine strength meter and Udine's method. Looking at your charts today and I can see your trading strategy is really approved in the long-term run. I know there are many dashboards here in the forum but I used that forexgrail excel as their formula is easy and straightforward. I've already coded it in mql4, using all 28 pairs. But it seems changing too fast, the moment I entered the trade and then the momentum has gone, especially for M15 TF. Could you give me any hint on how to set the criteria to catch the momentum and ensure it will continue? Eg, in your chart even if JPY>8 and NZD<1 but the two numbers can bounce back quickly in next few seconds and thus the trend is reversed... Thanks and take care!
  • #35,074
  • Apr 15, 2020 4:20pm Apr 15, 2020 4:20pm
Quoting cogito
{quote} Could you give me any hint on how to set the criteria to catch the momentum and ensure it will continue? Eg, in your chart even if JPY>8 and NZD<1 but the two numbers can bounce back quickly in next few seconds and thus the trend is reversed...
Hi cogito,

I guess you already know there's no 100% guarantee that a trade will work perfect.

You mention the strong JPY against the weak NZD and if you have a look on the chart of NZDJPY you maybe know why a trade was not taken. If you enter at a level of 8/1 you can almost bet that you will lose it, because your entry will be too late.

The only hint / advice I can give is to read about Marialuiza's "GAP" theory which you can find in the thread "MT4 Trading the GAP With Excel". This thread also might give you some useful information about how to find the right momentum to enter a trade.

In the forum are some more threads talking about the GAP. Just search for it. Good luck and stay green always.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,075
  • Apr 15, 2020 9:27pm Apr 15, 2020 9:27pm
Quoting JibalaPasan
{quote} Yes, it's still valid although a lot of new rules have been implemented since the very first beginning of this thread. Just read the first 100 - 150 posts. There you'll find lots of information. And stick to the original rules always, then you'll be fine. Jibala
Jibalapasan what a pleasure to see you here master
  • #35,076
  • Apr 17, 2020 12:17am Apr 17, 2020 12:17am
[quote = JibalaPasan; 12877313] Le valute sono state in perfetto ordine sin dalle prime ore del mattino, quindi tutto quello che dovevo fare era aspettare una configurazione adeguata. Ciò ha portato agli abbinamenti EURJPY ed EURUSD. Migliori opportunità di trading quando le valute sono accoppiate a AUD / NZD - CHF / CAD - EUR / GBP - JPY / USD e la coppia principale JPY / USD è in alto / in basso. {image} EURJPY {image} EURUSD {image} {image} Fatto per oggi! Jibala [/ quote]

Hi, does the histogram indicator at the bottom of the graphic exist for MT5?
  • #35,077
  • Apr 18, 2020 3:47am Apr 18, 2020 3:47am
Quoting Carneiro
{quote} Jibalapasan what a pleasure to see you here master
Hello Carneiro, nice to here from you again. Do you still use the 00 level trading system?

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,078
  • Apr 18, 2020 3:53am Apr 18, 2020 3:53am
Quoting Spank1969
Hi, does the histogram indicator at the bottom of the graphic exist for MT5?
Hello Spank1969,

I have no idea if there are any of these indicators are available for MT5. Still using the MT4 Platform. Kindly search for the indicators shown in the picture.

Attached Image


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,079
  • Apr 18, 2020 4:39am Apr 18, 2020 4:39am
Quote
ibalaPasan;12884780]{quote} Hello Spank1969, I have no idea if there are any of these indicators are available for MT5. Still using the MT4 Platform. Kindly search for the indicators shown in the picture. {image} Jibala
Thanks
  • #35,080
  • Apr 18, 2020 5:16am Apr 18, 2020 5:16am
Quoting cogito
Could you give me any hint on how to set the criteria to catch the momentum and ensure it will continue? Eg, in your chart even if JPY>8 and NZD<1 but the two numbers can bounce back quickly in next few seconds and thus the trend is reversed... Thanks and take care!
This is a very good example to show how fast it can happen. I lost that trade because I was violating against my own rules. I should not enter after a bar has crossed 4 levels!

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 109 KB


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
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