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As simple as possible: 00 level trading

  • #35,181
  • Jun 17, 2020 3:10am Jun 17, 2020 3:10am
Quoting JibalaPasan
{quote} Hi cogito, first of all congrats to your results. 2nd there is not much more to say because a winner is a winner and that's what counts. We can not compare our trades or entries since we are using different trading styles and timeframes. The only advice I can give is to continue with your setups. Time will teach you and hopefully, you will become more and more familiar with it. After some time you will know all the pairs and how they do react and what times they work the very best. Best of luck and stay green always! Jibala
Hi Jibala, thanks for your words. Yes, I do need time to build my confidence. Only when I double my account twice then maybe I'll consider to trade live. Below are my two trades today. I started to trade only after LO+45 min as there's a CHF red news at LO+30 min. But luckily both were closed TP within 15 min.

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Enjoy your trading and stay green!

Cogito
  • #35,182
  • Jun 17, 2020 11:44am Jun 17, 2020 11:44am
00 price levels refer to levels that are multiples of 100. This means the price of the.00 kind (1.3500, 1.6100, 0.9200) – the price with two zeros on the end in the case of 4-digit quotes, or.00 (138.00, 140.00) for the 2-digit quotes of the yen pairs, or in case of the 5-digit quotation – (*.**000) and 3-digit (***.000) in pairs with the yen.
Source: http://dewinforex.com/trading-strate...00-levels.html
  • #35,183
  • Jun 24, 2020 6:10am Jun 24, 2020 6:10am
Where are the operations?
Did they stop?

We have to speak the same language. The basis of operations has to be the same. There is no point in having different tools. So the topic does not follow, never continues. It is no use looking at a winning operator if I don't have the same tools. Why did Udine post this topic that had the most participants? Because Udine shared the same tools and everyone had the possibility to do the same. As soon as I have time, I will make my material available here.
  • #35,184
  • Jun 25, 2020 5:13am Jun 25, 2020 5:13am
Today I got 2 winners and 2 losers:

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  • #35,185
  • Jun 25, 2020 3:04pm Jun 25, 2020 3:04pm
Quoting cogito
Today I got 2 winners and 2 losers: {image} {image} {image} {image}
Your entries should have been accordingly to my pictures but since you do not use an M15 chart it looks different on your charts and therefore the entries are different.
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Best of luck and stay green always!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,186
  • Jun 26, 2020 4:10am Jun 26, 2020 4:10am
Quoting JibalaPasan
{quote} Your entries should have been accordingly to my pictures but since you do not use an M15 chart it looks different on your charts and therefore the entries are different. {image} {image} Best of luck and stay green always! Jibala
Hi Jibala, thanks for your comments! Reading your previous posts, I understand you filter the pairs with trending absolute strengths and looking for retrace opportunities to enter, please correct me if I'm wrong. Maybe I also need to verify the PA first rather than follow CSM only. Today I got two winners, but the GBPJPY almost hit the SL, luck for me, but which means it was still not the strong momentum I expect to catch.

btw, I'm reading your anther post Trading Gap with Excel. So many insights inside, hope I read it much earlier. I do learnt a lot from you and other members. Thanks for your kind sharing!

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Cogito
  • #35,187
  • Jun 26, 2020 10:45am Jun 26, 2020 10:45am
Quoting cogito
{quote} Hi Jibala, thanks for your comments! Reading your previous posts, I understand you filter the pairs with trending absolute strengths and looking for retrace opportunities to enter, please correct me if I'm wrong. Maybe I also need to verify the PA first rather than follow CSM only. Today I got two winners, but the GBPJPY almost hit the SL, luck for me, but which means it was still not the strong momentum I expect to catch. btw, I'm reading your anther post Trading Gap with Excel. So many insights inside, hope I read it much earlier. I do...
Hi cogito,

you are right I'm looking for strength also the correlation of the USD & JPY if positive or negative and what's their current position on the CSM. That makes it easier for me to decide and mostly I'm on the green side at the end. Today I had to fight the Kiwi but in the end, it has become a winner luckily.

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Best of luck and stay green always!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,188
  • Jul 13, 2020 4:21pm Jul 13, 2020 4:21pm
Quoting cogito
{quote} Hi Jibala, thanks for your comments! Reading your previous posts, I understand you filter the pairs with trending absolute strengths and looking for retrace opportunities to enter, please correct me if I'm wrong. Maybe I also need to verify the PA first rather than follow CSM only. Today I got two winners, but the GBPJPY almost hit the SL, luck for me, but which means it was still not the strong momentum I expect to catch. btw, I'm reading your anther post Trading Gap with Excel. So many insights inside, hope I read it much earlier. I do...
Would you mind sharing your candle direction indicator?. Thanks
  • #35,189
  • Jul 13, 2020 11:00pm Jul 13, 2020 11:00pm
Quoting JibalaPasan
{quote} Hi cogito, you are right I'm looking for strength also the correlation of the USD & JPY if positive or negative and what's their current position on the CSM. That makes it easier for me to decide and mostly I'm on the green side at the end. Today I had to fight the Kiwi but in the end, it has become a winner luckily. {image} {image} {image} Best of luck and stay green always! Jibala
Hi, where can u find your indi and how is your entry rule? thanks
  • #35,190
  • Jul 14, 2020 7:22am Jul 14, 2020 7:22am
Quoting avo
{quote} Hi, where can u find your indi and how is your entry rule? thanks
Just read the thread, make use of the filter and search function and you'll find everything.

Best of luck and stay green always!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,191
  • Jul 21, 2020 2:26am Jul 21, 2020 2:26am
Rule #
5. No short @ .100 level
6. No long @ .900 level

It says no long at 900 & short at .100, so can we do inverse of this?

Short @ 900 & Long & .100?
  • #35,192
  • Jul 21, 2020 11:51am Jul 21, 2020 11:51am
Quoting garid101
Short @ 900 & Long & .100?
Yes!

Best of luck and stay green always!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,193
  • Jul 23, 2020 9:36am Jul 23, 2020 9:36am
Hi Jibala,

I am interested to know which ea are you using currently?

Tried Dashboard Currency Meter v3 for a few days but realise that it cant have sell entries.

Do you have a better version of such currency strength based ea?

Hope to hear from you soon.

Luke
  • #35,194
  • Jul 24, 2020 2:44pm Jul 24, 2020 2:44pm
Quoting kowknihcial
Hi Jibala, I am interested to know which ea are you using currently? Tried Dashboard Currency Meter v3 for a few days but realise that it cant have sell entries. Do you have a better version of such currency strength based ea? Hope to hear from you soon. Luke
Please start reading from Page #1754

Best of luck and stay green always!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,195
  • Jul 27, 2020 1:43am Jul 27, 2020 1:43am
Hi JibalaPasan, can you share the strength meter? Or a link where I can download it?

Thank you.
  • #35,196
  • Edited 9:55am Aug 1, 2020 9:28am | Edited 9:55am
Quoting Booghie
Hi JibalaPasan, can you share the strength meter? Or a link where I can download it? Thank you.
Yes, JibalaPasan even I was about to tell.
The one I found on forexgrail indicator and when I compare it to forexgrail excel there is difference in both of them
If excel is proper then how to integrate that forumula in indicator.
  • #35,197
  • Aug 2, 2020 4:19am Aug 2, 2020 4:19am
Quoting garid101
{quote} Yes, JibalaPasan even I was about to tell. The one I found on forexgrail indicator and when I compare it to forexgrail excel there is difference in both of them If excel is proper then how to integrate that forumula in indicator.
Please share a picture to make it more clear what you are talking about.

Best of luck and stay green always!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,198
  • Aug 2, 2020 8:11am Aug 2, 2020 8:11am
Quoting JibalaPasan
{quote} Please share a picture to make it more clear what you are talking about. Best of luck and stay green always! Jibala

CSM Indicator i found n FF & Excel of Forexgrail shows different values.
Attached Image (click to enlarge)
Click to Enlarge Name: CSM.JPG Size: 46 KB
  • #35,199
  • Aug 2, 2020 10:16am Aug 2, 2020 10:16am
Quoting garid101
{quote} CSM Indicator i found n FF & Excel of Forexgrail shows different values. {image}
Because the algorithm of Forex Grail is very rough. You have to fine-tune it.
Attached Image


Best of luck and stay green always!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #35,200
  • Edited 9:57am Aug 3, 2020 2:51am | Edited 9:57am
Quoting JibalaPasan
{quote} Because the algorithm of Forex Grail is very rough. You have to fine-tune it. {image} Best of luck and stay green always! Jibala
But how to tune it?
Any help.

I also have 2 quries for rules.

Rule # 2. Entry ONLY the FIRST 00 level.
If every H1 candle crosses yellow dotted line then I can surf the wave if H1D1 are in same color and if fulfiled other rules? M I right?


Rule # 12. Distance to BRN > 10 pips
What does BRN mean?
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