As simple as possible: 00 level trading | Page 183 | Forex Factory

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As simple as possible: 00 level trading

  • #3,641
  • Jun 18, 2014 11:00am Jun 18, 2014 11:00am
Quoting TooSlow
{image} Deja vu!
Did you use this chart to place and manage any trades today?
Small disciplines repeated with consistency lead to great achievements.
  • #3,642
  • Jun 18, 2014 11:10am Jun 18, 2014 11:10am
Quoting Zokynho
{quote} Ohhhh....did you read the thread? Cannot believe in this...Udine gave us something real real good,with great patiente answearing all questions and provide live trades!! What else is need,to trade instead of you!!??....This thread has 181 page and 100 of them are same questions and talk about EA's!! Guess what? everything is in 1st page,even indy with all rules and word document which explain logic behind this!! So simple and people trying to complicate this over and over again,and trying to put new rules,TP SL lvl's..... 1000$ and...
“Our youth now love luxury. They have bad manners, contempt for authority; they show disrespect for their elders and love chatter in place of exercise; they no longer rise when elders enter the room; they contradict their parents, chatter before company; gobble up their food and tyrannize their teachers.”
Socrates

...and they don´t bother to read the thread at least 2 times back and forth...
flx69
  • #3,643
  • Jun 18, 2014 11:19am Jun 18, 2014 11:19am
Quoting flx69
{quote} “Our youth now love luxury. They have bad manners, contempt for authority; they show disrespect for their elders and love chatter in place of exercise; they no longer rise when elders enter the room; they contradict their parents, chatter before company; gobble up their food and tyrannize their teachers.” Socrates ...and they don´t bother to read the thread at least 2 times back and forth... flx69
Not sure was this pointed to me flx69,but those sentences are true and wise!

Regards!
  • #3,644
  • Jun 18, 2014 11:23am Jun 18, 2014 11:23am
No, not pointed at you.
However your comments are in accordance with Socrates ;-)
  • #3,645
  • Jun 18, 2014 11:33am Jun 18, 2014 11:33am
Quoting flx69
No, not pointed at you. However your comments are in accordance with Socrates ;-)
Ahhhh...Those are big words,thank you for that!

I am not in that sector of youth,althought i'm only 27 !

Wish you victory against Chile tonight!

Regards!
  • #3,646
  • Jun 18, 2014 11:52am Jun 18, 2014 11:52am
Quoting Patron
{quote} That is explain here http://www.forexfactory.com/showthre...71#post7535371
Thanks very much, Patron, it's perfect...
Clear and precise.

Good evening to all of you and see you tomorrow ;-)
  • #3,647
  • Jun 18, 2014 11:55am Jun 18, 2014 11:55am
Quoting Ff-fx
{quote} Thanks very much, Patron, it's perfect... Clear and precise. Good evening to all of you and see you tomorrow ;-)
A command. I'm glad that you have served. But who is to thank elcurioso is my friend, who works hard their charts and explanations.
We go to football!
Donde hay Patron no manda Marinero
  • #3,648
  • Jun 18, 2014 11:57am Jun 18, 2014 11:57am
Quoting Tanstaafl7
{quote} Here is a possible solution with W7 (and probably 8) -> you will need administrator privileges and have to show hidden folders to find it. (if you don't know how to to do that -> google it) Look for the C: >Users > "USERNAME" > AppData > Roaming > MetaQuotes > "Long Alpha Numeric String" > MQL4 > Indicators > folder on your computer and copy your indicators in there- This is what I have to do
Thank you: I have MT4 on a flash drive and was looking thru the folders and saw the one for their indicators, not the custom ones. Gave it a shot and dropped the news one in there. Rebooted and there it was ready to use. Not sure if this was the right way but it is now working. A very nice and useful piece of eye candy. Completes my screen setup. Thanks again for your response.
  • #3,649
  • Jun 18, 2014 11:58am Jun 18, 2014 11:58am
Quoting jmflukeiii
{quote} Did you use this chart to place and manage any trades today?
Sure did. Same chart used daily. Though for purposes of clarity, the X0 lines are grey and the X5 are blue now making the entry and exit more visible.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,650
  • Jun 18, 2014 1:03pm Jun 18, 2014 1:03pm
Quoting flx69
{quote} “Our youth now love luxury. They have bad manners, contempt for authority; they show disrespect for their elders and love chatter in place of exercise; they no longer rise when elders enter the room; they contradict their parents, chatter before company; gobble up their food and tyrannize their teachers.” Socrates flx69

The more things change, the more they stay the same.
  • #3,651
  • Edited 3:31pm Jun 18, 2014 1:19pm | Edited 3:31pm
Interesting!
  • #3,652
  • Jun 18, 2014 1:48pm Jun 18, 2014 1:48pm
Quoting yag
new here, but not new to trading;-) the tread is already very long, so i ask straight: adjusting commission: i pay 0.8 pips commission, so does this mean my TP is 5.8 pips? same with TS (BE): is my TS (when +3.5 pips reached) +0.8 pips? thx.
That is your choice, that is why I added that to my version of the EA. The way it functions is to add the commission to BE and TP but not TS. Unless you have a high % of wins, that commission really eats at the profit.
  • #3,653
  • Jun 18, 2014 2:07pm Jun 18, 2014 2:07pm
I’ve got a general question that I hope isn’t out of place in this thread.

There is a lot of talk of waiting for the Asian / Frankfurt / London / NY market to open to begin trading. What exactly opens at these markets? I’ve always understood that ForEx is a decentralized digital exchange with no central trading floor like you would find in the New York Stock Exchange. When I read “Market Opens”, I’m imagining a trading floor with a ringing bell and traders marching out.

Is it perhaps just the opening of the business day of the financial district of that city?

Just curious,

Paul.
  • #3,654
  • Jun 18, 2014 2:14pm Jun 18, 2014 2:14pm
Quoting Ff-fx
{quote} Thanks HannesJoub, FerruFx and Udine. I'm sorry my friends, I didn't want to bo bother you before the match ! I've tried to read the thread as carefully as I could ;-) {quote} But what confuses me is that RmUp + RmDn isn't equal to the ADR on the graphs, and that I can't find the relationship between RgH, RgL, close and them on the graphs. {image} I'm certainly missing something very obvious, and that's why I asked you that question... It seems these notions are important as they would have avoided me some mistakes this afternoon ;-) But...
Hi: http://www.forexfactory.com/showthread.php?p=3408275 This is a link to an ADR indicator, look for the one with peter in the name. I found it helped me get a better handle on the distance thing. I also looked for an ATR that placed lines on the chart. By searching around I found what I needed. I have found that the ATR is only a minor part of what has been presented here and it does not factor much into what I am doing. Udine has given a beautiful way to approach the market. Thank you Udine. I am just building my house on the great foundation Udine has provided. Hope this helps. mdavem.
  • #3,655
  • Jun 18, 2014 2:33pm Jun 18, 2014 2:33pm
Quoting pquin
I’ve got a general question that I hope isn’t out of place in this thread. There is a lot of talk of waiting for the Asian / Frankfurt / London / NY market to open to begin trading. What exactly opens at these markets? I’ve always understood that ForEx is a decentralized digital exchange with no central trading floor like you would find in the New York Stock Exchange. When I read “Market Opens”, I’m imagining a trading floor with a ringing bell and traders marching out. Is it perhaps just the opening of the business day of the financial district...
Paul,
Your question is not out of order, quite the contrary.
To find the answer, open your MT4 platform, go to tools, history center and export the H1 data of for ex. the EJ pair to Excel.
Have a look at the volumes traded, the OHLC (Open High Low Close) data.
Then, you will quickly understand why - especially - London and NY open times are so interesting to trade this system.
In case of doubt, don´t hesitate to ask !
All the best of luck with your analysis.
  • #3,656
  • Jun 18, 2014 2:39pm Jun 18, 2014 2:39pm
Quoting flx69
{quote} Paul, Your question is not out of order, quite the contrary. To find the answer, open your MT4 platform, go to tools, history center and export the H1 data of for ex. the EJ pair to Excel. Have a look at the volumes traded, the OHLC (Open High Low Close) data. Then, you will quickly understand why - especially - London and NY open times are so interesting to trade this system. In case of doubt, don´t hesitate to ask ! All the best of luck with your analysis.

I understand why they are interesting, my questino was more academic. I'm guessing my supposition was right? It is just the opening of the business day in London? Nothing more specific?


Paul.
  • #3,657
  • Jun 18, 2014 2:46pm Jun 18, 2014 2:46pm
Paul,

Academic
London open & NY open is a significant % (don´t pin me on this, but >80%) of the volume of the pairs Udine trades.
The reason is simple, major markets open, liquidity pours in, prices move because there are many buyers and sellers.

Non academic
I never eat Sushi in a restaurant that´s empty... Would you ???
I never buy JPY in a market with no volume... Would you ???
  • #3,658
  • Edited 3:16pm Jun 18, 2014 3:01pm | Edited 3:16pm
Quoting Zokynho
{quote} Ahhhh...Those are big words,thank you for that! I am not in that sector of youth,althought i'm only 27 ! Wish you victory against Chile tonight! Regards!
@Zokynho
No victory for the Spanish, but I support the Dutch team.
Had dinner in restaurant Laterna na Dolcu tonight.
Fabulous and I must admit your city´s beautiful (first time visit for me).
  • #3,659
  • Jun 18, 2014 3:31pm Jun 18, 2014 3:31pm
Quoting flx69
Paul, Academic London open & NY open is a significant % (don´t pin me on this, but >80%) of the volume of the pairs Udine trades. The reason is simple, major markets open, liquidity pours in, prices move because there are many buyers and sellers. Non academic I never eat Sushi in a restaurant that´s empty... Would you ??? I never buy JPY in a market with no volu\me... Would you ???

Thanks Flx69! :-)

I don't think you're understanding the gist of my question though.

I understand the need to trade with lots of volume around. I'm just wondering why that volume appears at exactly midnight my time (8AM London). What is it that's bringing on all that volume at exactly the same time? I don't think that every bank / investment / hedge company in London opens for business at exactly the same time.

Maybe the "London Open really starts at around 7:30 and builds till about 9AM when the last bank opens for business?

Paul.
  • #3,660
  • Jun 18, 2014 3:33pm Jun 18, 2014 3:33pm
I am convinced that the World Cup is also from Colombia, "said Daniela Mejía Ocoró the German media minutes after being elected queen sporting event between representatives of the 32 countries ranked the World Cup Brazil 2014

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