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Simple & profitable: 00 horizontal line trading

  • #41
  • Jun 18, 2014 8:23pm Jun 18, 2014 8:23pm
Quoting jmflukeiii
{quote} Sounds a lot like Linuxtroll, a complete hack of a trader, but great marketer. You've yet to show anything useful in this thread so I will discontinue my engagement in it. You have been nothing but vague and leave plenty of reasonable doubt as to whether you actually trade like this, which leaves your entire motive for entertaining this thread rather suspect.
I agree.

2 pages and no live trades? Another thread that was hijacked from someone else who had the courage to start a thread. Now, you saw him getting some hits and posts and decided to open up another thread just like it? Sorry but couldn't help myself. This is your first thread that you started and you're only on page 2.... When and if you get to lets say....2000 pages and people are still asking the same questions that they asked on page one, im sure you will get a little ticked off too. You haven't gotten there yet and unfortunately this style of trading doesn't last long enough for you to.
trading on demo is not trading
  • #42
  • Jun 18, 2014 8:28pm Jun 18, 2014 8:28pm
Not bashing on you or the other 00 thread, and maybe this has been brought up before, but I think there are a few issues with your method.

  1. The trade is never entered in opposition to the candle colors of H1 and D1 - I use two different brokers, Daily candle for one looks completely different from the other.
  2. The trade is entered in the direction the currency pair is moving at the 00 line. - Price does not move in one direction for too long, better to buy/sell on pullback of break of 00.
  3. Profit is to be taken swiftly once the pair stops moving. - Know your trade before you trade it. Entry, SL, TP should all be known in advance. Plan the trade, trade the plan.
  4. Position size is risk/stop loss. - Human nature will get the better of you and you'll be saying "I know it'll turn around here, just one or two more pips and then I'll close it". Been there, done that.


The math does not compute when you have TP = 5 and SL = 10. - Agree 110%.

The one thing that sticks out the most is this idea that a daily candle will somehow give you the direction for the day as if price could not possibly turn around. With an hourly candle at least you get a similar looking bar on pretty much every screen from here to there. Like I said, I use two live accounts. One daily candle opens at 7 and the other one at 11. So lets say the Asia session makes EURJPY go up 50 pips, my daily candle is up right? Now my other account opens and EURJPY goes down after 11 by 25 pips. That candle is down, but my 7 o'clock candle is still up right? See what I'm getting at? If a longer term candle is needed, maybe use a weekly candle, at least they all look pretty much the same, well closer than daily candles anyway.

Don't mean to sound like I'm preaching but I think there is more to it than daily candles and 00 levels. Maybe hundred levels supported by support and resistance areas would work better for you. I've said what I've had to say and sorry if I disrupted the thread. I have much to say about the other 00 thread, but think there are too many blinders on in that thread so they'll just have to learn the hard way. Best of luck to you.

  • #43
  • Jun 18, 2014 9:33pm Jun 18, 2014 9:33pm
Quoting enzo2325
{quote} I agree. 2 pages and no live trades? Another thread that was hijacked from someone else who had the courage to start a thread. Now, you saw him getting some hits and posts and decided to open up another thread just like it? Sorry but couldn't help myself. This is your first thread that you started and you're only on page 2.... When and if you get to lets say....2000 pages and people are still asking the same questions that they asked on page one, im sure you will get a little ticked off too. You haven't gotten there yet and unfortunately...
Enzo.. point well made.
  • #44
  • Jun 18, 2014 11:01pm Jun 18, 2014 11:01pm
Quoting TheDirtySerb
Not bashing on you or the other 00 thread, and maybe this has been brought up before, but I think there are a few issues with your method. The trade is never entered in opposition to the candle colors of H1 and D1 - I use two different brokers, Daily candle for one looks completely different from the other. The trade is entered in the direction the currency pair is moving at the 00 line. - Price does not move in one direction for too long, better to buy/sell on pullback of break of 00. Profit is to be taken swiftly once the pair stops moving. -...
Your points are not a disruption and your tone is not rude. Welcome.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #45
  • Jun 18, 2014 11:03pm Jun 18, 2014 11:03pm
Quoting enzo2325
{quote} I agree. 2 pages and no live trades? Another thread that was hijacked from someone else who had the courage to start a thread. Now, you saw him getting some hits and posts and decided to open up another thread just like it? Sorry but couldn't help myself. This is your first thread that you started and you're only on page 2.... When and if you get to lets say....2000 pages and people are still asking the same questions that they asked on page one, im sure you will get a little ticked off too. You haven't gotten there yet and unfortunately...
Everyone has an opinion. Thank you for sharing yours.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #46
  • Jun 18, 2014 11:11pm Jun 18, 2014 11:11pm
Quoting TooSlow
{quote} Everyone has an opinion. Thank you for sharing yours.
I have no opinion. Did you mean opinion or opening?
The Thief of Wall Street
  • #47
  • Jun 19, 2014 8:17am Jun 19, 2014 8:17am
Quoting Chicky
{quote} I have no opinion. Did you mean opinion or opening?
Opinion.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #48
  • Jun 19, 2014 8:20am Jun 19, 2014 8:20am
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 58 KB


Entering when H1 and D1 agree is paying off again.

Deja Vu
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #49
  • Jun 19, 2014 8:29am Jun 19, 2014 8:29am
Quoting TooSlow
{image} Entering when H1 and D1 agree is paying off again. Deja Vu
Deja vu is right. I thought I just saw this tradeless post on the other thread!

EDIT: I'm sorry, I couldn't help myself. I just don't understand what you are doing? You are just posting charts and saying Deja Vu. You are not teaching anything, you are not journaling your entries.
Small disciplines repeated with consistency lead to great achievements.
  • #50
  • Jun 19, 2014 9:48am Jun 19, 2014 9:48am
Quoting jmflukeiii
{quote} Deja vu is right. I thought I just saw this tradeless post on the other thread! EDIT: I'm sorry, I couldn't help myself. I just don't understand what you are doing? You are just posting charts and saying Deja Vu. You are not teaching anything, you are not journaling your entries.
It looks obvious to me. Rule states where to enter trade. Trades taken at the line when H1 is same as D1. Where did price go from the line?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #51
  • Edited 10:23am Jun 19, 2014 10:02am | Edited 10:23am
You are not posting any live trades. You are not showing your take profit and stop loss levels. You don't have a trade explorer for this system. All you're doing is wasting space on here and talking as if you know what you are doing. Everyone can post charts and say look here and there. Trading live is completely different.
trading on demo is not trading
  • #52
  • Jun 19, 2014 12:14pm Jun 19, 2014 12:14pm
Ok, you want me to post live trades. Will that be called bragging and boasting?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #53
  • Jun 19, 2014 6:11pm Jun 19, 2014 6:11pm
Quoting TooSlow
{quote} It looks obvious to me. Rule states where to enter trade. Trades taken at the line when H1 is same as D1. Where did price go from the line?
If that is all there is to the system, then you do realise the previous three candles would have also met that criteria throughout the hour and two of them then turned around and went the wrong way - don't you?
  • #54
  • Jun 20, 2014 12:52am Jun 20, 2014 12:52am
Quoting TooSlow
Observe how the currency pairs move across the 00 price level prices. . 000 is more precise with the 5 digit prices. Price moves from 000 to the next 000 but not in a straight line. That is the challenge for the trader.
another 000 level thread ...most warm welcome.i am classy from Bangladesh.ya this 00 or big smal quarter round number all are important,interesting,mysterious for all kinds of trader specially for all money sucker/stop-loss hunter.looking forward for some thing special.good luck to all FFF
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  • #55
  • Jun 20, 2014 1:23am Jun 20, 2014 1:23am
MY 5 PIP I KNOW IT IS Against rule (d1 h1 green)still grid 1/2 00 level works...i hope it is not illegal .too slow ,please tell me which indicator show day and 1 h up/down arrow and candle pip value in your white temp.if it is possible share your white template.thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 5 PIP 00 LEVEL.PNG Size: 92 KB
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  • #56
  • Jun 20, 2014 1:38am Jun 20, 2014 1:38am
eu sd again 5 pip i used cci 10 +- 100 level for scalp..it is my own tune i dont want to intro any indi and bother main system
Attached Image (click to enlarge)
Click to Enlarge Name: eu sd 5 pip.PNG Size: 95 KB
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  • #57
  • Jun 20, 2014 7:35am Jun 20, 2014 7:35am
Quoting classy
MY 5 PIP I KNOW IT IS Against rule (d1 h1 green)still grid 1/2 00 level works...i hope it is not illegal .too slow ,please tell me which indicator show day and 1 h up/down arrow and candle pip value in your white temp.if it is possible share your white template.thanks {image}
Welcome classy. Traders trade according to their own rules. Not illegal. Part of the indicator name is "bias_ez". I am not allowed to share what is not mine to share. The main indicator is the modified sweetspots gold.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #58
  • Jun 20, 2014 7:37am Jun 20, 2014 7:37am
Quoting classy
eu sd again 5 pip i used cci 10 +- 100 level for scalp..it is my own tune i dont want to intro any indi and bother main system {image}
No one here will dictate what indicators can be shown with the exception of Forex Factory Admins.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #59
  • Jun 23, 2014 8:43am Jun 23, 2014 8:43am
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5.png Size: 56 KB


There were those who doubted. They wanted to see a real trade. A real trade has been posted. There will always be those who doubt. Deja Vu.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #60
  • Jun 23, 2014 9:13am Jun 23, 2014 9:13am
Quoting TooSlow
{image} Entering when H1 and D1 agree is paying off again. Deja Vu

TooSlow Hi...

what kind of indicator is it ? (red and green numbers on the top and on the bottom of the candles)
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