As simple as possible: 00 level trading | Page 576 | 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

  • #11,501
  • Jul 18, 2014 12:07am Jul 18, 2014 12:07am
Quoting panamamike
{quote} Normally I would agree, especially with an evolving system. However, in this case nothing has changed since post 1. It is repetition that counts. I don't think you can garner any more from reading the first and last 50 pages. Just my .02 Edit: and read the rules before each session to refresh.
I guess we can agree to disagree.

Unless you read the whole thread in it's entirety from start to finish then you may have no idea as to what material and trader experiences you have missed.

That's why I believe it has to be read through start to finish at least once.

It's amazing what else you pick up and understand the more times you read something.

But that's all I want to say.

Masterrmind...........
Master your Mind then Master your Trades
  • #11,502
  • Jul 18, 2014 12:08am Jul 18, 2014 12:08am
still otherwise engaged so no trading cheers Q
Whats That? you're trading What?
  • #11,503
  • Jul 18, 2014 12:10am Jul 18, 2014 12:10am
Quoting Qed
still otherwise engaged so no trading cheers Q
Understand!

The best part is that the market will always be here waiting for your return and so will the rest of us here!

Masterrmind........
Master your Mind then Master your Trades
  • #11,504
  • Jul 18, 2014 12:11am Jul 18, 2014 12:11am
waiting for EJ's long at 100 level. anybody?
Stay Hungry Stay Foolish
  • #11,505
  • Jul 18, 2014 12:15am Jul 18, 2014 12:15am
Gee Ta .... probably 1 of the hardest lessons to learn is that the market is always there , dosent matter if you give it a miss for a time
Whats That? you're trading What?
  • #11,506
  • Jul 18, 2014 12:17am Jul 18, 2014 12:17am
Quoting Qed
Gee Ta .... probably 1 of the hardest lessons to learn is that the market is always there , dosent matter if you give it a miss for a time
I for one am so very thankful of this fact!

Masterrmind.........
Master your Mind then Master your Trades
  • #11,507
  • Edited 12:31am Jul 18, 2014 12:18am | Edited 12:31am
Quoting Masterrmind
{quote} I guess we can agree to disagree. Unless you read the whole thread in it's entirety from start to finish then you may have no idea as to what material and trader experiences you have missed. That's why I believe it has to be read through start to finish at least once. It's amazing what else you pick up and understand the more times you read something. But that's all I want to say. Masterrmind...........
agree MM..
We all have been asking some key or effective questions that none of are in the 1st post or doc.. along some live trading pearls from Udine and everyone else..

for eg. Udine looks at eu and gu ONLY or Mostly when there is nothing available
on ej and gj due to news or low atr or.. the point is the priority goes to ej and gj but when not there takes chances with those other two and plot the daily goals..

now try to find that in the 1st post or doc..

here is the deal new folk..

don't read.. just jump into it.. guess what most likely will happen.. confusion, lost, loss, agonies, misery, f-ed up..

read and don't even miss a letter.. guess what will happen.. clarity, awareness, confidence build up, lose better, win, kick ass maybe like jm and mm

think for yourself and do whatever you like..

but do us a favor though.. just don't ask dumb-ass questions, lol.. just bcz you choosed lazy over diligence.. we can read thattttttttt..
Passion, Persist, Patience, Protect
  • #11,508
  • Jul 18, 2014 12:32am Jul 18, 2014 12:32am
Quoting FXEmpire
{quote} agree MM.. We all have been asking some key or effective questions that none of are in the 1st post or doc.. along some live trading pearls from Udine and everyone else.. for eg. Udine looks at eu and gu ONLY or Mostly when there is nothing available on ej and gj due to news or low atr or.. the point is the priority goes to ej and gj but when not there takes chances with those other two and plot the daily goals.. now try to find that in the 1st post or doc.. here is the deal new folk.. don't read.. just jump into it.. guess what most likely...
Nicely put mate.

Masterrmind...........
Master your Mind then Master your Trades
  • #11,509
  • Jul 18, 2014 12:38am Jul 18, 2014 12:38am
Quoting Masterrmind
{quote} I guess we can agree to disagree. Unless you read the whole thread in it's entirety from start to finish then you may have no idea as to what material and trader experiences you have missed. That's why I believe it has to be read through start to finish at least once. It's amazing what else you pick up and understand the more times you read something. But that's all I want to say. Masterrmind...........
I agree to an extent. But since everyone sees things differently, IMO the only way you know if a system fits your personality is to forward test it. Experience is the best teacher IMO, and you only get that from doing. Just my .02

On that note....lets get ready to take some more pips
  • #11,510
  • Jul 18, 2014 12:41am Jul 18, 2014 12:41am
Quoting panamamike
{quote} I agree to an extent. But since everyone sees things differently, IMO the only way you know if a system fits your personality is to forward test it. Experience is the best teacher IMO, and you only get that from doing. Just my .02 On that note....lets get ready to take some more pips
Yes Mike that's right!

Just a newby or new trader to this method needs to read the thread first .......... then apply it!

Masterrmind............
Master your Mind then Master your Trades
  • #11,511
  • Jul 18, 2014 12:52am Jul 18, 2014 12:52am
Currently short EURCAD from the 300 level ..... may close it out manually if it looks like reversing just prior to FF open.

Masterrmind.............
Master your Mind then Master your Trades
  • #11,512
  • Jul 18, 2014 1:06am Jul 18, 2014 1:06am
Bonus Trade

#2

EURCAD (BE-manual) +1

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB


Comment: As stated above if it looked like reversing near FF Open I would close the position out manually. Good choice!

Masterrmind..........
Master your Mind then Master your Trades
  • #11,513
  • Jul 18, 2014 1:11am Jul 18, 2014 1:11am
EJ and GJ - no trades presently for FF Open = nothing near 400, 500 or 600 levels.

Look at other pairs !

Edit: similar situation for EU and GU.

Masterrmind..........
Master your Mind then Master your Trades
  • #11,514
  • Jul 18, 2014 1:23am Jul 18, 2014 1:23am
Buenos días familia,

A very sad event yesterday, act of war against the Dutch with catastrophic consequences.

Following this event, EUR, GBP and many other currencies weakened, even the Dow took a hit. The Yen propelled up.
I am still wondering why the Yen was considered a safe haven by investors in this case...

Anyway, getting ready for LO now.
May the green pips be with us...

flx69
  • #11,515
  • Jul 18, 2014 1:24am Jul 18, 2014 1:24am
Hello everybody :-)

A thought for all those who died in the crash...
Sad world.
  • #11,516
  • Jul 18, 2014 1:34am Jul 18, 2014 1:34am
Hi everybody! I don't think i got all the rules down to the tee, but I got lucky on ej @ 137.00.
target hit..
  • #11,517
  • Jul 18, 2014 1:37am Jul 18, 2014 1:37am
did not take the GJ at 400....daily pivot. Long signal candle as well. Not a high probability for success IMO.
  • #11,518
  • Jul 18, 2014 1:41am Jul 18, 2014 1:41am
GA +5
Why i took this trade
This is my personal observation before taking trade not adding any rules.
1. It is within FF rules i.e. 600 level
2. Pair in in down trend.
3. It has allready retraced up to 50 % well before opening of FF and again start trending down.
4. It closes below 1.82650 level.
regards
jeet
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1 18.07.14_1.png Size: 57 KB
  • #11,519
  • Jul 18, 2014 1:42am Jul 18, 2014 1:42am
Quoting panamamike
did not take the GJ at 400....daily pivot. Long signal candle as well. Not a high probability for success IMO.
That would have been the second 00-level cross in my case, with H1 open of 173.297.
The only way is up...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB
  • #11,520
  • Jul 18, 2014 1:45am Jul 18, 2014 1:45am
Quoting flx69
{quote} That would have been the second 00-level cross in my case, with H1 open of 173.297. The only way is up... {image}
Correct!

Open candle for FF open was about 0.5 pip below the 300 level. Difficult to get an order into the market.

Masterrmind...........
Master your Mind then Master your Trades
3 traders viewing now