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As simple as possible: 00 level trading

  • #41
  • Jun 3, 2014 6:43am Jun 3, 2014 6:43am
Quoting HannesJoub
Hi Udine, sorry to bother you again, but I would like to ask you if I can attempt to make this method into an EA? Thanks H PS: Of course, I am struggling with loading the zip file contents into MT4...eish. Help?

Eish...wow havent heard that one in a long time..... howzit?
  • #42
  • Jun 3, 2014 6:53am Jun 3, 2014 6:53am
I'm short from 171.40 with TP at 171.33 and SL at 171.50
Daily candle was bearish like H1 candle.
Trade Safe !
  • #43
  • Jun 3, 2014 6:53am Jun 3, 2014 6:53am
Quoting Direwolf
Hi Undine. I'm curious how you pick your entry candle. For example, this chart, why not enter after those 3 candles which were also green? {image}
You have the answer few posts back ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #44
  • Jun 3, 2014 6:59am Jun 3, 2014 6:59am
Quoting Direwolf
Hi Undine. I'm curious how you pick your entry candle. For example, this chart, why not enter after those 3 candles which were also green? {image}
FerruFx already answered, but here the reason....
RED GBP NEWS..
Attached Image
Sleep less, live fast, as it aint gonna last
  • #45
  • Jun 3, 2014 7:00am Jun 3, 2014 7:00am
Quoting Goodgame42
I'm short from 171.40 with TP at 171.33 and SL at 171.50 Daily candle was bearish like H1 candle.
why not wait for NY to open ???

Trading is mostly a waiting game, so patience ... a lot of patience is needed..
Sleep less, live fast, as it aint gonna last
  • #46
  • Jun 3, 2014 7:02am Jun 3, 2014 7:02am
Quoting Udine
{quote} why not wait for NY to open ??? Trading is mostly a waiting game, so patience ... a lot of patience is needed..
Because it's not in the rules ^^
Trade Safe !
  • #47
  • Jun 3, 2014 7:04am Jun 3, 2014 7:04am
Quoting Goodgame42
{quote} Because it's not in the rules ^^

If something works, it does NOT mean it works ALWAYS... you have to pick your battles... enter the market when you have the highest probability for SUCCESS !!

you are trading forex for one reason and one reason only: BE PROFITABLE !!
Sleep less, live fast, as it aint gonna last
  • #48
  • Jun 3, 2014 7:06am Jun 3, 2014 7:06am
Quoting Udine
{quote} If something works, it does NOT mean it works ALWAYS... you have to pick your battles... enter the market when you have the highest probability for SUCCESS !! you are trading forex for one reason and one reason only: BE PROFITABLE !!
Right, London has just opened, we will find a good setup :-)
Trade Safe !
  • #49
  • Jun 3, 2014 7:07am Jun 3, 2014 7:07am
Quoting Goodgame42
I'm short from 171.40 with TP at 171.33 and SL at 171.50 Daily candle was bearish like H1 candle.
you risk 10 to make 7! Monsieur, c'est fou!
  • #50
  • Jun 3, 2014 7:07am Jun 3, 2014 7:07am
Quoting Udine
{quote}you are trading forex for one reason and one reason only: BE PROFITABLE !!
AMEN!
Everything you can imagine, is real - Pablo Picasso
  • #51
  • Jun 3, 2014 7:15am Jun 3, 2014 7:15am
Quoting jonnypants
{quote} you risk 10 to make 7! Monsieur, c'est fou!
Closed manually +5.2 pips !
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 55 KB
Trade Safe !
  • #52
  • Jun 3, 2014 7:15am Jun 3, 2014 7:15am
Quoting jonnypants
{quote} you risk 10 to make 7! Monsieur, c'est fou!

I risk 10 to make 5.. so what???

it works for me... The month of May I made over 80 %...

Each to his own. just thought to share freely. now it is up to you if you want to check it out or move on...

stay green

Udine

BTW: New York open: EJ long and GJ short.. both would have been winners, in just a couple of minutes !!! How is that for a days of work ???
Sleep less, live fast, as it aint gonna last
  • #53
  • Jun 3, 2014 7:16am Jun 3, 2014 7:16am
Quoting Goodgame42
{quote} Closed manually +5.2 pips ! {image}

rinse and repeat
Sleep less, live fast, as it aint gonna last
  • #54
  • Jun 3, 2014 7:20am Jun 3, 2014 7:20am
Quoting Goodgame42
{quote} Closed manually +5.2 pips ! {image}
Well done!
MT4/MT5 EAs/Indicators/Alerts coder
  • #55
  • Jun 3, 2014 7:22am Jun 3, 2014 7:22am
Quoting Udine
{quote} rinse and repeat
I have a question, do you re-enter on the same level if the opportunity is here ?
Trade Safe !
  • #56
  • Jun 3, 2014 7:25am Jun 3, 2014 7:25am
Quoting Goodgame42
{quote} I have a question, do you re-enter on the same level if the opportunity is here ?

nope, wait for the hour and check for a new set up.., unless it goes in the opposite direction....then its a new signal for me..
Sleep less, live fast, as it aint gonna last
  • #57
  • Jun 3, 2014 7:30am Jun 3, 2014 7:30am
Quoting Goodgame42
{quote} Closed manually +5.2 pips ! {image}
Isn't that opposite direction into the daily open instead of away? I don't understand. You entry was also before NY open?

Quoting Udine
{quote}BTW: New York open: EJ long and GJ short.. both would have been winners, in just a couple of minutes !!! How is that for a days of work ???
I can see EJ long but I don't understand where GJ short was. Can you explain please?
Vertical dotted lines are NY open. Horizon black lines are Daily open (according to FX Pro)
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-03_1929.png Size: 14 KB
Everything you can imagine, is real - Pablo Picasso
  • #58
  • Jun 3, 2014 7:32am Jun 3, 2014 7:32am
Quoting Goodgame42
{quote} Closed manually +5.2 pips ! {image}
lol fair play, ironically it did actually hit 33 so if you'd have stuck to your plan you'd have got more!
Anyway, as Brucey would say good game, good game, let's move on......
  • #59
  • Jun 3, 2014 7:33am Jun 3, 2014 7:33am
Quoting Direwolf
{quote} Isn't that opposite direction into the daily open instead of away? I don't understand. You entry was also before NY open? {quote} I can see EJ long but I don't understand where GJ short was. Can you explain please? Vertical dotted lines are NY open. Horizon black lines are Daily open (according to FX Pro) {image}
Yes I entered before NYO, the daily candle was bearish when I entered
Trade Safe !
  • #60
  • Jun 3, 2014 7:35am Jun 3, 2014 7:35am
Quoting jonnypants
{quote} lol fair play, ironically it did actually hit 33 so if you'd have stuck to your plan you'd have got more! Anyway, as Brucey would say good game, good game, let's move on......
Yeah but I had to close because I'm at work and I couldn't see my chart
Trade Safe !
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