As simple as possible: 00 level trading | Page 336 | 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

  • #6,701
  • Jul 1, 2014 1:08am Jul 1, 2014 1:08am
Quoting Patmontes
{quote} here man {image}
I was wondering which of the 3 M15 candles you entered on since the Red news for the AUD was still floating around and the Rm Dw was not far off turning red.

Nicely slotted TP

Well done!

Masterrmind............
Master your Mind then Master your Trades
  • #6,702
  • Jul 1, 2014 1:09am Jul 1, 2014 1:09am
Quoting FerruFx
{quote}
I think success should be celebrated

Who would dare to disagree.........

Masterrmind.......
Master your Mind then Master your Trades
  • #6,703
  • Jul 1, 2014 1:12am Jul 1, 2014 1:12am
Hi Udine. Very nice system. But I cannot earn much from this system due to my broker's high spread(GJ around 20-30 pips) and I cannot place the pending order(because of its spread).

Could you suggest me some low spread broker?

Sorry for my bad English skill.
  • #6,704
  • Jul 1, 2014 1:13am Jul 1, 2014 1:13am
Goodmorning to everyone!

Just a pending order by now, GJ buy @.600.
Yesterday I took 1 SL, 1 TP and THREE TS.
I analyzed those TS and saw that every one of them prevented me to go TP.
Without TS yesterday I would have made +10 pips instead of -4.
Wondering if in the long run TS is really useful or not.

Have a nice day,
Lrt
"Every battle is won before it's fought."
  • #6,705
  • Jul 1, 2014 1:16am Jul 1, 2014 1:16am
Opened Pending Buy on GJ
173.60
  • #6,706
  • Jul 1, 2014 1:19am Jul 1, 2014 1:19am
The same for me :
GJ : pending long @ 173.600

Hello Udine ;-)
  • #6,707
  • Jul 1, 2014 1:22am Jul 1, 2014 1:22am
Morning you all..

Green pips.
Passion, Persist, Patience, Protect
  • #6,708
  • Jul 1, 2014 1:23am Jul 1, 2014 1:23am
Quoting Masterrmind
{quote} I think success should be celebrated Who would dare to disagree......... Masterrmind.......

You must celebrate!!

by setting & reaching milestones and celebrating them, it becomes easier to maintain the discipline

Udine
Sleep less, live fast, as it aint gonna last
  • #6,709
  • Jul 1, 2014 1:24am Jul 1, 2014 1:24am
Hello FXEmpire ;-)
  • #6,710
  • Jul 1, 2014 1:24am Jul 1, 2014 1:24am
i will take only trades after london opening, too bad experience with frankfurt.
  • #6,711
  • Jul 1, 2014 1:24am Jul 1, 2014 1:24am
Quoting Udine
{quote} You must celebrate!! by setting & reaching milestones and celebrating them, it becomes easier to maintain the discipline Udine
Absolutely...........

Masterrmind.........
Master your Mind then Master your Trades
  • #6,712
  • Jul 1, 2014 1:37am Jul 1, 2014 1:37am
Quoting N0talent
Hi Udine, Been Following this Thread a bit. The Question that comes to my mine is: Why the "00". In ur first Post u wrote that ur not inventing anything new. Whats behind the "00" Idea. Are These Lvls so heavily watched buy all Traders? do bigger players enter at those lvls which gives us more Edge to Ride new Momentum? I Know the value of Big Round numbers and that the function as S/R, but don't quite grasp ur train of though. in Addition i wanted to Ask if u also look at Different lvls like S/R on higher TF or PP, Fibs, etc to skip Trades? Or...
this Thread is moving so fast. Udine u mind giving me ur opion? TY
  • #6,713
  • Jul 1, 2014 1:52am Jul 1, 2014 1:52am
Quoting ericjschroed
{quote} I felt like throwing in my 2 cents... It probably is not critical where it is, but I feel since Udine is basing his trades on his DO, I want to match that while I am learning so I can see if I'm taking the same trades as he is. If you have the daily open line indicator on the chart you can change the start time. For my GMT 0 broker, I set it to 21 because that's when their day starts. Then just look at price compared to the line instead of looking at the D1 to see if it's green or red. After any significant movement it will be the same...
Yes, that is true. But if you put the DO at london open and take your first trade right at london, then you won't have any significant movement away from that DO line.
  • #6,714
  • Jul 1, 2014 2:03am Jul 1, 2014 2:03am
Quoting szpowerx
{quote} I believe this should still be a big challenge to make consistent profit, even with this SIMPLE-WELL-DEFINED system. No matter new trader or old trader.
Wise observation!
  • #6,715
  • Jul 1, 2014 2:07am Jul 1, 2014 2:07am
Buenos días familia,

Trade #1 o/t day; GJ to TP (placed the pending 2 min. before London Open when PA dipped slightly below .500)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 95 KB
  • #6,716
  • Jul 1, 2014 2:08am Jul 1, 2014 2:08am
Quoting FxMasterGuru
{quote} Wise observation!

you dont get it...

that goes for every system/method/strategy...

forex trading is NOT simply green = buy and red = sell...

if it would be that simple everybody would succeed in forex trading...

Udine
Sleep less, live fast, as it aint gonna last
  • #6,717
  • Jul 1, 2014 2:09am Jul 1, 2014 2:09am
Quoting flx69
Buenos días familia, Trade #1 o/t day; GJ to TP (placed the pending 2 min. before London Open when PA dipped slightly below .500) {image}
nice start of the day..

Udine
Sleep less, live fast, as it aint gonna last
  • #6,718
  • Jul 1, 2014 2:09am Jul 1, 2014 2:09am
GJ : pending long @ 173.600
  • #6,719
  • Jul 1, 2014 2:16am Jul 1, 2014 2:16am
http://i61.tinypic.com/1emo1s.jpg
  • #6,720
  • Jul 1, 2014 2:16am Jul 1, 2014 2:16am
Hmm how come there is no movement
Never say no to PIPS
37 traders viewing now