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As simple as possible: 00 level trading

  • #5,221
  • Jun 24, 2014 11:49pm Jun 24, 2014 11:49pm
EJ -10 SL

Took 3 1/2 hours but finally stopped out!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 38 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #5,222
  • Jun 24, 2014 11:54pm Jun 24, 2014 11:54pm
Lets see what Frankfurt has on offer................

Masterrmind............
Master your Mind then Master your Trades
  • #5,223
  • Jun 25, 2014 12:15am Jun 25, 2014 12:15am
possible EJ short later at FFT open 138.60
possible EA long 1.4540
  • #5,224
  • Edited 12:34am Jun 25, 2014 12:21am | Edited 12:34am
Good Morning,
Coffee for everyone

Edit: With a Beautiful Song
Inserted Video
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  • #5,225
  • Jun 25, 2014 12:22am Jun 25, 2014 12:22am
Quoting Masterrmind
EJ -10 SL Took 3 1/2 hours but finally stopped out! {image} Masterrmind..........
I took that too on demo, and it seems if the trade has not developed by the 3rd hour of Tokyo, close it.
  • #5,226
  • Jun 25, 2014 12:35am Jun 25, 2014 12:35am
Quoting ericjschroed
{quote} I took that too on demo, and it seems if the trade has not developed by the 3rd hour of Tokyo, close it.
Yes Eric that sounds like a good approach......

Maybe depending on how far away from break even price action is you could liquidate the position

Thanks......

EDIT: the trade was actually triggered about 4 hours into the Asian session so I will analyse similar conditions on other pairs!

Masterrmind...............
Master your Mind then Master your Trades
  • #5,227
  • Jun 25, 2014 12:49am Jun 25, 2014 12:49am
Quoting nitecop
{quote} i see those price levels you mentioned, does that mean i place a pending order on the next upcoming level in the direction of the system? based on the uploaded chart i'm guessing there is no 00 level and i can only enter either in frankfurt or london open correct? {image}

hi udine,

i just corrected my charts turns out they were all off due to my platform timezone, now it makes a whole lot of sense!. trades are only at market open specifically at frankfurt/london open. at frankfurt im allowed .40 .50 .60 and London all yellow levels .. could you please clarify for which zone does rule "2. Entry ONLY the FIRST 00 level apply?" are these to any other new hourly bars after open?
  • #5,228
  • Jun 25, 2014 12:52am Jun 25, 2014 12:52am
Good morning everybody !
  • #5,229
  • Jun 25, 2014 1:00am Jun 25, 2014 1:00am
EJ : pending short @ 138.600
GJ : no .600 .500 .400 lvl
GU : pending short @ 1.69600
EU : no .600 .500 .400 lvl
  • #5,230
  • Jun 25, 2014 1:07am Jun 25, 2014 1:07am
Quoting FerruFx
{quote} We have always something new to learn ... no matter the experience and skills. And that's not related only to trading.

that is true, if you stop learning you stop growing

Udine
Sleep less, live fast, as it aint gonna last
  • #5,231
  • Jun 25, 2014 1:09am Jun 25, 2014 1:09am
Quoting nitecop
{quote} hi udine, i just corrected my charts turns out they were all off due to my platform timezone, now it makes a whole lot of sense!. trades are only at market open specifically at frankfurt/london open. at frankfurt im allowed .40 .50 .60 and London all yellow levels .. could you please clarify for which zone does rule "2. Entry ONLY the FIRST 00 level apply?" are these to any other new hourly bars after open?

rule 2 is valid for all trades

Udine
Sleep less, live fast, as it aint gonna last
  • #5,232
  • Jun 25, 2014 1:10am Jun 25, 2014 1:10am
Quoting Ff-fx
EJ : pending short @ 138.600 GJ : no .600 .500 .400 lvl GU : pending short @ 1.69600 EU : no .600 .500 .400 lvl

correct Frankfurt analysis

Udine
Sleep less, live fast, as it aint gonna last
  • #5,233
  • Jun 25, 2014 1:14am Jun 25, 2014 1:14am
Quoting Udine
{quote} that is true, if you stop learning you stop growing Udine
Exactly ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,234
  • Jun 25, 2014 1:16am Jun 25, 2014 1:16am
Quoting Udine
{quote} correct Frankfurt analysis Udine
Thanks Udine.
  • #5,235
  • Jun 25, 2014 1:20am Jun 25, 2014 1:20am
EA TP
  • #5,236
  • Jun 25, 2014 1:24am Jun 25, 2014 1:24am
Quoting Patmontes
EA TP
Was that not invalid by rules?
  • #5,237
  • Edited 1:47am Jun 25, 2014 1:26am | Edited 1:47am
Quoting mdavem
{quote} Hi Go5: I noticed on your chart the indicator in the top right corner. It is one that I used to have but it got lost over time. Would you mind posting it or a link to it. Thanks, mdavem.
Good morning

This is a money management indicator I hacked a bit to show less "bible text" and set to 1% risk on 10 pips (for easy calculation): I only use it so have an idea of the lots we are about to put on the table (with the but/sell script).
Don't remember where I got it....

edit: I just realized (still sleeping..) you probably ment the i-profit tracker fixed indicator? It was posted in this thread.
Attached File(s)
File Type: ex4 Money Management.ex4   5 KB | 507 downloads
File Type: mq4 Money Management.mq4   3 KB | 612 downloads
File Type: mq4 i-Profit Tracker-Fixed.mq4   17 KB | 522 downloads
  • #5,238
  • Edited 1:43am Jun 25, 2014 1:27am | Edited 1:43am
Quoting Udine
{quote} that is true, if you stop learning you stop growing Udine
+1.
No matter how old you are...
Discovering, sharing and loving are wonderful too :-)
  • #5,239
  • Jun 25, 2014 1:29am Jun 25, 2014 1:29am
EJ Burpee entry .70 closed manually right away after 2 pips profit
  • #5,240
  • Jun 25, 2014 1:46am Jun 25, 2014 1:46am
Colombian coffee to all


good morning

Udine Colombian Coffee for you

Colombia is the champion
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