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As simple as possible: 00 level trading

  • #8,901
  • Jul 9, 2014 7:32am Jul 9, 2014 7:32am
FWIW....this is how I filter trades quickly. One of my screens is this quick reference screen. I look at the 1 HR HA and the currency meter on 5,15, and 60 min TF.

Attached Image (click to enlarge)
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  • #8,902
  • Jul 9, 2014 7:32am Jul 9, 2014 7:32am
Quoting Udine
{quote} i can only speak for myself... between 76 - 83 % Udine
great results udine - and a nice little system here.

just wondering - do often hit full TP of +5 pips. do you personally use a trailing stop in your trading or do you prefer to give the trades some room to get to TP.
with all the EA and scripts, there appears to be many different ways to trade this - just wondering how you do it?

thanks.
  • #8,903
  • Jul 9, 2014 7:34am Jul 9, 2014 7:34am
Quoting Qed
depends purely on instrument xauusd o/nite set profit stop and leave running .. I dont leave spi or others without profit stop or closing .. dont use TS while watching ,,, volatility takes u out everytime JUST imo ... I love to set "profit stop " just ITM and leave to to the trend .
Dead right about volatility......especially true for xauusd.....

Masterrmind...........
Master your Mind then Master your Trades
  • #8,904
  • Jul 9, 2014 7:34am Jul 9, 2014 7:34am
Quoting panamamike
Ok....done for the day.... results 8 trades .... 6 winners....two TS.....0 SL
Sleep less, live fast, as it aint gonna last
  • #8,905
  • Jul 9, 2014 7:38am Jul 9, 2014 7:38am
Quoting panamamike
FWIW....this is how I filter trades quickly. One of my screens is this quick reference screen. I look at the 1 HR HA and the currency meter on 5,15, and 60 min TF. {image}
Can you write sth more? For example:
1. HA on H1 must be white to enter long?
2. E must be stronger than J on all 3 TF to enter L on EJ?
  • #8,906
  • Jul 9, 2014 7:38am Jul 9, 2014 7:38am
Quoting dan89
{quote} What was the mistake ?
I did not take the trade in first "00" level in Asia.

Hit the stop loss.
Intraday only.
  • #8,907
  • Jul 9, 2014 7:38am Jul 9, 2014 7:38am
Just before dinner I got this nice opportunity! This made my day and headache has flown away.

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #8,908
  • Jul 9, 2014 7:39am Jul 9, 2014 7:39am
Quoting panamamike
FWIW....this is how I filter trades quickly. One of my screens is this quick reference screen. I look at the 1 HR HA and the currency meter on 5,15, and 60 min TF. {image}
Nice touch, Bringing Relative strength into the system.
  • #8,909
  • Jul 9, 2014 7:42am Jul 9, 2014 7:42am
Quoting navk
Mt spread sheet reads like this . Monday, D1 : 2.95 % Tuesday, D2 : 6.03 % Wednesday, D3 : 3.35 %
missed your post...

doing great !!

Udine
Sleep less, live fast, as it aint gonna last
  • #8,910
  • Jul 9, 2014 7:46am Jul 9, 2014 7:46am
Quoting fx-sniper
{quote} great results udine - and a nice little system here. just wondering - do often hit full TP of +5 pips. do you personally use a trailing stop in your trading or do you prefer to give the trades some room to get to TP. with all the EA and scripts, there appears to be many different ways to trade this - just wondering how you do it? thanks.

from day 1: Always WUKAR and Wheelbarrel EA's active

Udine
Sleep less, live fast, as it aint gonna last
  • #8,911
  • Jul 9, 2014 7:47am Jul 9, 2014 7:47am
Quoting JibalaPasan
Just before dinner I got this nice opportunity! This made my day and headache has flown away. {image} Jibala

so green pips is a cure for headaches

Udine
Sleep less, live fast, as it aint gonna last
  • #8,912
  • Jul 9, 2014 7:47am Jul 9, 2014 7:47am
Just caught a SL on GJ on NY opening. Will appreciate a help on analyse. (Long @174.000)
I think of - too close to DO.
Also, I'll appreciate if you share the indi to check for sync on the main pairs (PSYLevels Dashboard or how it's called on Masterminds screen).
Attached Image
  • #8,913
  • Jul 9, 2014 7:48am Jul 9, 2014 7:48am
Quoting Udine
{quote} from day 1: Always WUKAR and Wheelbarrel EA's active Udine
thank you appreciate all effort u put into this thread.
  • #8,914
  • Jul 9, 2014 7:48am Jul 9, 2014 7:48am
Quoting Udine
{quote} missed your post... doing great !! Udine
I fully dedicate this success to you.
Intraday only.
  • #8,915
  • Jul 9, 2014 7:51am Jul 9, 2014 7:51am
Done for today, 1 win with half lot size, 1 TP and 1 TS.

Another day in profit, I've been profitable every day in the last 7 days. Nice!

+11pips, +2.82%

7th trading day of the month, +12%.

Lrt
"Every battle is won before it's fought."
  • #8,916
  • Jul 9, 2014 7:53am Jul 9, 2014 7:53am
GJ hit SL

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  • #8,917
  • Jul 9, 2014 8:01am Jul 9, 2014 8:01am
Quoting iwan73
{quote} Can you write sth more? For example: 1. HA on H1 must be white to enter long? 2. E must be stronger than J on all 3 TF to enter L on EJ?
I posted this because it may be of benefit to others.

I don't want to take up Udine's thread with this. So I will give a brief explanation, then PM me if you wish.

for the 1 HR charts.....I look for S/R strong moves....turning points form the TMAs. Very similar to Trading Made Simple....you can look up that thread. basically Looking at direction and turning points.

for the currency meter, the 5 and 15 must agree. Long currency above 0 , short currency Below 0....look at the angles; heading apart and acclelerating on 15 is best IMO. I have been using it for years in my trading. You need to spend time getting to know it, like any other indicator.


Cheers, and good trading
  • #8,918
  • Jul 9, 2014 8:03am Jul 9, 2014 8:03am
AUDUSD short Triggering at the 900 level !
Know your edge and trade within it
  • #8,919
  • Jul 9, 2014 8:04am Jul 9, 2014 8:04am
Quoting Lrt.Ita
Done for today, 1 win with half lot size, 1 TP and 1 TS. Another day in profit, I've been profitable every day in the last 7 days. Nice! +11pips, +2.82% 7th trading day of the month, +12%. Lrt
KILLER LRT !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #8,920
  • Jul 9, 2014 8:10am Jul 9, 2014 8:10am
Quoting fxtrader29ca
AUDUSD short Triggering at the 900 level !
I had a pending short from that level since London open .......... have now deleted it!

I hope it moves for you.

Good luck!

Masterrmind...........
Master your Mind then Master your Trades
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