As simple as possible: 00 level trading | Page 110 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

As simple as possible: RENKO M5 trading 75 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Simple Level Trading 1 reply

Trading: As simple as possible, but no simpler - by a real Cityboy 92 replies

Attachments: As simple as possible: 00 level trading
Exit Attachments

As simple as possible: 00 level trading

  • #2,181
  • Jun 13, 2014 1:49am Jun 13, 2014 1:49am
Quoting Archie
Udine, Thank you for sharing this great strategy, simple and effective, if applied according to the rules and with a sense of PA. I’ve been trading forex on and off for the past 8 years, short and long term, simple systems and very advanced (not so simple) systems. Your strategy (your way of using it) is as simple as it gets (and as it should be). I have a question, that I hope you have time to answer. You explained that trades are not taken if price crosses multiple 00 levels during the same hour. This morning on E/J price lurked below the 138.300...

Hi Archie,

the 300 level would be the only possible entry (was enough distance), but there was no trade as there was RED JPY NEWS Coming out, so no trading..

I want at least 1 pips distance to the 00 level, as I need the time to put in the pending order. Which was the case..

Udine
Sleep less, live fast, as it aint gonna last
  • #2,182
  • Jun 13, 2014 1:53am Jun 13, 2014 1:53am
Quoting mpillmann
I'm testing with SL 10 and TP 25 with TS 3,5 and it works out so far. Not at home now, so can not show charts. Just see yourself. My explorer show an idea of what happens. I think, this changes the r/r over the long term. We'll see.

As long as it works for you

Udine
Sleep less, live fast, as it aint gonna last
  • #2,183
  • Jun 13, 2014 1:53am Jun 13, 2014 1:53am
thanks Udine
the other pair its
gbpusd
adr 92
  • #2,184
  • Jun 13, 2014 2:10am Jun 13, 2014 2:10am
Another trade on London open.


Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY2.jpg Size: 397 KB



Wish the same for all.
  • #2,185
  • Jun 13, 2014 2:17am Jun 13, 2014 2:17am
Quoting luigifunk
Another trade on London open. {image} Wish the same for all.
Sleep less, live fast, as it aint gonna last
  • #2,186
  • Jun 13, 2014 2:19am Jun 13, 2014 2:19am
Quoting Udine
{quote} price has to come down enough, so there is again room on the upside for a long trade, otherwise look at other pairs... no other options.. otherwise .. early weekend Udine
Today seems its early weekend
  • #2,187
  • Jun 13, 2014 2:23am Jun 13, 2014 2:23am
Quoting jeetvirk
{quote} Today seems its early weekend

I love short workweeks

Udine
Sleep less, live fast, as it aint gonna last
  • #2,188
  • Jun 13, 2014 2:24am Jun 13, 2014 2:24am
Quoting Juan007
a option its trade in euraud adr 103
EURAUD.- For me, the better option today. We will see.
Adaptarse es la clave
  • #2,189
  • Jun 13, 2014 2:25am Jun 13, 2014 2:25am
Quoting Goodgame42
I take a long at 171.85 ==> TP = 172 No scalping, long term trading, GBPJPY goes to hit the RN 172
We hit 173 level !!!
+14.3 pips :-)
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 2 KB
Trade Safe !
  • #2,190
  • Jun 13, 2014 2:26am Jun 13, 2014 2:26am
Entry too late so I buy 5 pips below.
+6.8pips !
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 2 KB
Trade Safe !
  • #2,191
  • Jun 13, 2014 2:31am Jun 13, 2014 2:31am
Quoting Goodgame42
{quote} We hit 173 level !!! +14.3 pips :-) {image}

looks like your enjoying yourself..

But has the GJ not reached its ADR on your charts ??

Udine
Sleep less, live fast, as it aint gonna last
  • #2,192
  • Jun 13, 2014 2:44am Jun 13, 2014 2:44am
even the EU is sweet... TP reached

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #2,193
  • Jun 13, 2014 2:44am Jun 13, 2014 2:44am
Hello Udine.

Can you please check my posts #2159, 2160 and 2170 and tell me what do you think about?

Greetings.-
  • #2,194
  • Jun 13, 2014 2:46am Jun 13, 2014 2:46am
for some reason my GU buy @ 1.69800 worked
  • #2,195
  • Jun 13, 2014 2:48am Jun 13, 2014 2:48am
GU as well..

Done for the day and week..

time to sit back and relax..

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #2,196
  • Jun 13, 2014 2:51am Jun 13, 2014 2:51am
Hello Udine,

in the post 1,482 you have mentioned "trade only the first 00 level cross" . What did you mean by this rule?

Greetings.
  • #2,197
  • Jun 13, 2014 2:52am Jun 13, 2014 2:52am
Quoting luigifunk
Hello Udine. Can you please check my posts #2159, 2160 and 2170 and tell me what do you think about? Greetings.-

all perfectly executed..

rinse and rpeat

Udine
Sleep less, live fast, as it aint gonna last
  • #2,198
  • Jun 13, 2014 2:53am Jun 13, 2014 2:53am
Quoting messiahua
for some reason my GU buy @ 1.69800 worked

you almost sound dissapointed

Udine
Sleep less, live fast, as it aint gonna last
  • #2,199
  • Jun 13, 2014 3:01am Jun 13, 2014 3:01am
Quoting Udine
{quote} looks like your enjoying yourself.. But has the GJ not reached its ADR on your charts ?? Udine
I don't pay attention to it at London Open for the first trade.
Trade Safe !
  • #2,200
  • Jun 13, 2014 3:01am Jun 13, 2014 3:01am
EA + 5pips.
Started trading on Wed this method + 6% to my account. Not bad.
Those who know don't talk. Those who talk don't know.
6 traders viewing now