As simple as possible: 00 level trading | Page 484 | 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

  • #9,661
  • Jul 11, 2014 2:56am Jul 11, 2014 2:56am
Quoting Udine
Guys/girls, you are all way to eager to start trading... ALL PAIRS are just f@#king around their DO lines... let the market decide first where it wants to go.. our chances will come... Udine

amen to that..

let that hand go overly numbed.. l
Passion, Persist, Patience, Protect
  • #9,662
  • Jul 11, 2014 2:57am Jul 11, 2014 2:57am
Quoting nitecop
what does BRN mean?
just help yourself with google: type in " BRN forex"
  • #9,663
  • Jul 11, 2014 2:57am Jul 11, 2014 2:57am
Quoting Udine
{quote} nope, its not valid.. if in the same hour it crosses 2 levels below the DO line and then you enter on the "first "level above the daily open line... it is entry on the 3rd 00 level... which is violation of rule 2 !! Udine
Hi Udine, thanks for explaining again. So the only possible pending order on EJ after LO was short @ .700 and anything else allowed until the next hour ?
Porta itineris dicitur longissima esse
  • #9,664
  • Jul 11, 2014 2:58am Jul 11, 2014 2:58am
Quoting Udine
{quote} Patiece Udine
Quoting Masterrmind
{quote} Friday can be a hard day that's true so pick your trades wisely. If there is no clear direction then guess what I'd do............. avoid the trade! What do you think you should do? Masterrmind..........
Yes...
Didn't see your replies before posting the previous message...


For those trading with ICM, the DO for GJ is at 173.6130
But it's different for other brokers

If the hour closes under 172.590, would you enter long at 173.600 ?
What about the resistance @ 173.620/30 ?
  • #9,665
  • Jul 11, 2014 2:58am Jul 11, 2014 2:58am
Quoting Udine
Guys/girls, you are all way to eager to start trading... ALL PAIRS are just f@#king around their DO lines... let the market decide first where it wants to go.. our chances will come... Udine
Thanks Udine, I got feeling everyone jockeying for position today more than normal. Lots of pending LO orders being put on while half an hour from London opening and reading comments too many in hurry to make money today. Is it coz it Friday?
  • #9,666
  • Jul 11, 2014 2:58am Jul 11, 2014 2:58am
OUT EURUSD -5 : It got up to that 100 level and give it all back.
Know your edge and trade within it
  • #9,667
  • Jul 11, 2014 2:59am Jul 11, 2014 2:59am
Dear Udine, may you please say, what orders are valid for now ?
  • #9,668
  • Jul 11, 2014 3:01am Jul 11, 2014 3:01am
NVM

My mistake, I was using someone's paraphrased version of the rules. The original Rule 2 in 1st post states "Entry ONLY the FIRST 00 level"
All clear now
  • #9,669
  • Jul 11, 2014 3:02am Jul 11, 2014 3:02am
Quoting nitecop
what does BRN mean?

it means.. Big Round Number..
Passion, Persist, Patience, Protect
  • #9,670
  • Jul 11, 2014 3:03am Jul 11, 2014 3:03am
AUDUSD pending LONG 000
Know your edge and trade within it
  • #9,671
  • Jul 11, 2014 3:04am Jul 11, 2014 3:04am
Quoting Beachie41
{quote} I'm having a hard time wrapping my head around the above. Rule 2 states "Entry 00 level" Forgive my addled mind, but I can't grasp how that rule is extrapolated to "if in the same hour it crosses 2 levels below the DO line and then you enter on the "first "level above the daily open line... it is entry on the 3rd 00 level"?? Have you the patience to clarify please?
its very easy to recognize, when you read the first 10 pages through the thread and watch the examples there...
  • #9,672
  • Jul 11, 2014 3:04am Jul 11, 2014 3:04am
GJ +4.9 pips

Patience pays off.
Attached Image (click to enlarge)
Click to Enlarge Name: 1407115384.png Size: 46 KB
My hope has been almost completely shattered, but not completely yet
  • #9,673
  • Jul 11, 2014 3:04am Jul 11, 2014 3:04am
+5 in da bag..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.im15.png Size: 51 KB
Passion, Persist, Patience, Protect
  • #9,674
  • Jul 11, 2014 3:05am Jul 11, 2014 3:05am
GJ to TP
  • #9,675
  • Jul 11, 2014 3:05am Jul 11, 2014 3:05am
GJ to target. +5
  • #9,676
  • Jul 11, 2014 3:05am Jul 11, 2014 3:05am
I did it today, then went to the forum and saw that my discovery of the day is not the same with others. It worked for me, but I'm confused. Udine please pm your broker if possible. Thanks and green pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.jpg Size: 244 KB
  • #9,677
  • Jul 11, 2014 3:05am Jul 11, 2014 3:05am
GJ +4, closed by wukar - dont get why I was robbed by 1 pip.??
  • #9,678
  • Jul 11, 2014 3:06am Jul 11, 2014 3:06am
My first GJ +5.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.png Size: 48 KB
  • #9,679
  • Jul 11, 2014 3:06am Jul 11, 2014 3:06am
now apart from the fact of BRN, EJ pending long @ 138.000 is valid i guess
Porta itineris dicitur longissima esse
  • #9,680
  • Jul 11, 2014 3:07am Jul 11, 2014 3:07am
and done.. gu to tp..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.im15.png Size: 47 KB
Passion, Persist, Patience, Protect
7 traders viewing now