As simple as possible: 00 level trading | Page 585 | 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

  • #11,681
  • Jul 18, 2014 6:48am Jul 18, 2014 6:48am
No, I did not do forward testing, but did back testing only.

For lower volatility pairs, M Candle setting 240 makes a difference.
Intraday only.
  • #11,682
  • Jul 18, 2014 6:49am Jul 18, 2014 6:49am
Quoting navk
{quote} Hi, Did you try changing M candle setting to 240 ? It is not Udine's advice, but I tried back testing it. Looks like 5 pips in every four hour is there...

no posting 4H charts please

thx in advance

Udine
Sleep less, live fast, as it aint gonna last
  • #11,683
  • Jul 18, 2014 6:51am Jul 18, 2014 6:51am
[quote=Udine;7615722]{quote} no posting 4H charts please thx in advance Udine[/quote

Noted.
Intraday only.
  • #11,684
  • Jul 18, 2014 6:52am Jul 18, 2014 6:52am
Bonus Trade

#7

EJ +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB


Comment: slow to the finish line but the TP feels great!

Masterrmind............
Master your Mind then Master your Trades
  • #11,685
  • Jul 18, 2014 6:54am Jul 18, 2014 6:54am
I am seeing lots of bonus trades here these days.

Looks like i need read thro some 20 pages in the last two days.
Intraday only.
  • #11,686
  • Jul 18, 2014 6:55am Jul 18, 2014 6:55am
Quoting Udine
{quote} no posting 4H charts please thx in advance Udine
I thought the same way as you at first Udine.

Then I erased some of my post because I wasn't sure if the trader was talking about a 240 setting on an M15 chart for some reason.

I'm still not sure.

ps. I can't see why you would want to change it from the M15 TF as this method was meant for it..........

Masterrmind...........
Master your Mind then Master your Trades
  • #11,687
  • Jul 18, 2014 6:56am Jul 18, 2014 6:56am
Quoting flx69
Bonus trades of the day: EJ and GJ to TP. Took a while for EJ to get there. I´m out guys, need to study for tonight´s exam. Have a good weekend and see you on Monday. flx69 http://www.youtube.com/watch?v=XgDrJ5Z2rKw {image}

good luck

Udine
Sleep less, live fast, as it aint gonna last
  • #11,688
  • Jul 18, 2014 6:56am Jul 18, 2014 6:56am
Quoting navk
I am seeing lots of bonus trades here these days. Looks like i need read thro some 20 pages in the last two days.
I could show you very quickly how bonus trades could have been taken from the market in 1 pair at a phenomenal rate.

But only at 1 per hour, of course this may not always produce the same......

Masterrmind..........
Master your Mind then Master your Trades
  • #11,689
  • Jul 18, 2014 6:59am Jul 18, 2014 6:59am
Quoting Masterrmind
{quote} I thought the same way as you at first Udine. Then I erased some of my post because I wasn't sure if the trader was talking about a 240 setting on an M15 chart for some reason. I'm still not sure. ps. I can't see why you would want to change it from the M15 TF as this method was meant for it.......... Masterrmind...........
You are right.

I talked of 240 setting for M candle only.

Of course I am not going to post any chart here which will confuse other traders as Udine advised.
Intraday only.
  • #11,690
  • Jul 18, 2014 6:59am Jul 18, 2014 6:59am
NY

Get ready!

Masterrmind..............
Master your Mind then Master your Trades
  • #11,691
  • Jul 18, 2014 7:00am Jul 18, 2014 7:00am
evening all , just back from inspecting new abode , decided to have alook .. dunno if this is ok with rule short ftse 6660.60
Attached Image (click to enlarge)
Click to Enlarge Name: ftse.jpg Size: 68 KB
Whats That? you're trading What?
  • #11,692
  • Jul 18, 2014 7:02am Jul 18, 2014 7:02am
OK, got it. Thanks for your replays guys!
Stay Hungry Stay Foolish
  • #11,693
  • Jul 18, 2014 7:03am Jul 18, 2014 7:03am
EJ +5

Attached Image
  • #11,694
  • Jul 18, 2014 7:05am Jul 18, 2014 7:05am
Quoting MrTD
EJ +5 {image}
Excellent MrTD

Masterrmind..........
Master your Mind then Master your Trades
  • #11,695
  • Jul 18, 2014 7:06am Jul 18, 2014 7:06am
Quoting Masterrmind
{quote} I could show you very quickly how bonus trades could have been taken from the market in 1 pair at a phenomenal rate. But only at 1 per hour, of course this may not always produce the same...... Masterrmind..........
Interesting, I am in other part of the world to your location.

My location is not suitable for FF and LONDON like yours for NY.

Still it is amazing to see you concentrate hard and take good trades.
Intraday only.
  • #11,696
  • Jul 18, 2014 7:10am Jul 18, 2014 7:10am
Quoting navk
{quote} Interesting, I am in other part of the world to your location. My location is not suitable for FF and LONDON like yours for NY. Still it is amazing to see you concentrate hard and take good trades.
I did this for 1 reason and 1 reason alone.

To immerse myself into this method because I see merit in its effective use.

That meant a heap of chart time on this method (about 15 hours a day every trading day-check the thread times)

It's a very good method but you need to apply it carefully with plenty of market common sense (that's my take on it)

Great system!

EDIT: This will be the last week @ 15 hours a day........... time to focus on shorter time spans.

Masterrmind.............
Master your Mind then Master your Trades
  • #11,697
  • Jul 18, 2014 7:11am Jul 18, 2014 7:11am
Quoting Masterrmind
{quote} Excellent MrTD Masterrmind..........
Thanks MM, getting the hang of it now

2 x 5 on JY earlier so am done for the day... Thanks Udine! The rules work!

All the best,
MrTD
  • #11,698
  • Jul 18, 2014 7:11am Jul 18, 2014 7:11am
2 by pending orders set.

Nothing triggered yet!

Masterrmind...........
Master your Mind then Master your Trades
  • #11,699
  • Jul 18, 2014 7:14am Jul 18, 2014 7:14am
Quoting MrTD
{quote} Thanks MM, getting the hang of it now 2 x 5 on JY earlier so am done for the day... Thanks Udine! The rules work! All the best, MrTD
Take your time, learn the ropes, feel the market and the interaction with the system so they flow together and you have a winner!

Good Luck!

Masterrmind..........
Master your Mind then Master your Trades
  • #11,700
  • Jul 18, 2014 7:16am Jul 18, 2014 7:16am
GU TP , total +25 today
Pivot Boss in the making~
14 traders viewing now