As simple as possible: 00 level trading | Page 702 | 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

  • #14,021
  • Jul 28, 2014 7:48pm Jul 28, 2014 7:48pm
Quoting ChrisGC
{quote} Maybe, if we ask nicely, your mentor might be willing to share with us the tools?
All strength meters will give pretty much the same thing. Search FF and add one and see if it helps your trading.
  • #14,022
  • Jul 28, 2014 7:56pm Jul 28, 2014 7:56pm
Should go out, EA +2 pips close.

I have a lesson to emphasize a rule from this trade:

- Not be hurry to catch up a trade

If pending trade as what i set originally, this should be a goal-reach trade.
Outcome is not important at all, but correct technique is what only matters
  • #14,023
  • Jul 28, 2014 8:27pm Jul 28, 2014 8:27pm
Morning All,

Another very slow Asian session by the looks.

Don't be in a hurry to trade.

Look for only the best opportunities if in fact they present themselves today.

Good Luck

Masterrmind...........
Master your Mind then Master your Trades
  • #14,024
  • Jul 28, 2014 8:39pm Jul 28, 2014 8:39pm
Quoting Masterrmind
Morning All, Another very slow Asian session by the looks. Don't be in a hurry to trade. Look for only the best opportunities if in fact they present themselves today. Good Luck Masterrmind...........
worse than paint drying
  • #14,025
  • Jul 28, 2014 8:41pm Jul 28, 2014 8:41pm
Possible trades this morning:

GJ long @173.000
NJ long @100
NU long @500

I missed them all while having breakfast. Now waiting on LO.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,026
  • Jul 28, 2014 9:01pm Jul 28, 2014 9:01pm
Quoting JibalaPasan
Possible trades this morning: GJ long @173.000 NJ long @100 NU long @500 I missed them all while having breakfast. Now waiting on LO. Jibala
Breakfast? You living at GMT +8 zone?
  • #14,027
  • Jul 28, 2014 9:32pm Jul 28, 2014 9:32pm
Quoting Alpe
{quote} Breakfast? You living at GMT +8 zone?
Yes. He's living in Philippines
  • #14,028
  • Jul 28, 2014 10:18pm Jul 28, 2014 10:18pm
Hi all,

Pardon my silly question, I'm very new to this system and I'm trying to read as many pages as possible. The rules refer to levels 0.100...0.900. Are these levels based on the pair's price (170.100...170.900) or the opening 00 level (opening = 00, followed by +/- 0.100...0.900)?

Thank you.
  • #14,029
  • Jul 28, 2014 10:40pm Jul 28, 2014 10:40pm
Quoting Masterrmind
{quote} Just keep in mind that the psylevels dashboard has nothing to do with the trading success of this system (good or bad) so you certainly do not need it. I use it as an alert to other pairs since I trade from a larger pool of possible entries. ps. Will PM you soon about what I did to fix it! Masterrmind............
I was going t PM you but your settings prevented me from PM'ing you.
Would you mind, at some stage, to PM me the fix for the PsyLevels Dashboard?

I was thinking to set PsyLevels Dashboard to display D1;H1;M15;M5

Set chart on M5
Set M-Candles indi - TFBar on 15

Then all bases are covered. All the information right there on display?
The problem is not giving offence but taking offence!
  • #14,030
  • Jul 28, 2014 10:40pm Jul 28, 2014 10:40pm
Quoting ChrisGC
{quote} Maybe, if we ask nicely, your mentor might be willing to share with us the tools?
For the strength meter, you might look at one I modified.
http://www.forexfactory.com/showthre...07#post7611307
The original compares any time with a set time distance, either 1 hour before or 10 minutes each bar. My modification compares price with a specific point such as exactly 10 minutes before now, not 10 minutes before each bar. You can see the difference in the pics.
  • #14,031
  • Jul 28, 2014 10:51pm Jul 28, 2014 10:51pm
Quoting Pipotron
Hi all, Pardon my silly question, I'm very new to this system and I'm trying to read as many pages as possible. The rules refer to levels 0.100...0.900. Are these levels based on the pair's price (170.100...170.900) or the opening 00 level (opening = 00, followed by +/- 0.100...0.900)? Thank you.
Levels are based on the pairs price...not opening level
  • #14,032
  • Jul 28, 2014 10:54pm Jul 28, 2014 10:54pm
Quoting ericjschroed
{quote} For the strength meter, you might look at one I modified. http://www.forexfactory.com/showthre...07#post7611307 The original compares any time with a set time distance, either 1 hour before or 10 minutes each bar. My modification compares price with a specific point such as exactly 10 minutes before now, not 10 minutes before each bar. You can see the difference in the pics.
Thank you. Looking into it now.
The problem is not giving offence but taking offence!
  • #14,033
  • Jul 28, 2014 11:15pm Jul 28, 2014 11:15pm
Quoting Callum
{quote} Basically the northern hemisphere goes on summer holidays, leaving a quieter market... that's the theory
and perhaps this time round, the loss of 30+ institutional traders is also affecting liquidity, as pointed out in this Bloomberg article
  • #14,034
  • Jul 28, 2014 11:22pm Jul 28, 2014 11:22pm
First Trade of the day
#1 GJ Long 173.1


I still have the EU Long @1.344 from last night >.<
It's moving to the SL soon
  • #14,035
  • Jul 28, 2014 11:23pm Jul 28, 2014 11:23pm
Quoting ChrisGC
{quote} I was going t PM you but your settings prevented me from PM'ing you. Would you mind, at some stage, to PM me the fix for the PsyLevels Dashboard? I was thinking to set PsyLevels Dashboard to display D1;H1;M15;M5 Set chart on M5 Set M-Candles indi - TFBar on 15 Then all bases are covered. All the information right there on display?
My settings would not prevent you or other traders from PM'g me as many have and continue to do so.

You can set it on any chart you like just apply it to your chosen TF.

Adjust the parameter settings in the psylevels dashboard such as entering the TF's you wish to show separated by a semi colon (; ).

Adjust the values for the parameters offset_X and offset_Y to your preferred location (check and repeat until you have it located to your liking)

Choose value for the parameter "corner" = 1 to place the dashboard to the right side.

Hope that helps. It's not too difficult you just need to keep changing the values to your own preference.

Masterrmind............
Master your Mind then Master your Trades
  • #14,036
  • Jul 28, 2014 11:37pm Jul 28, 2014 11:37pm
Hi all,

I'm a bit confused of the entry. If D and H1 are both green, do we just initiate a buy immediately on Frankfurt open irregardless of the M15 candle color? Or do we have to wait for the first M15 candle to CLOSE green and initiate a buy at the start of the second M15 green candle?

Is there any where besides the first post that has an updated set of entry rules?

Thank you for all advice.
  • #14,037
  • Jul 28, 2014 11:44pm Jul 28, 2014 11:44pm
Trade #1 NU TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.07.29_12h42m46s_010_.png Size: 72 KB


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,038
  • Jul 28, 2014 11:56pm Jul 28, 2014 11:56pm
Quoting JibalaPasan
Trade #1 NU TP. {image} Jibala
  • #14,039
  • Jul 29, 2014 12:05am Jul 29, 2014 12:05am
Quoting Masterrmind
{quote} My settings would not prevent you or other traders from PM'g me as many have and continue to do so. ... Masterrmind............
Attached Image
The problem is not giving offence but taking offence!
  • #14,040
  • Jul 29, 2014 12:10am Jul 29, 2014 12:10am
Quoting Patmontes
{quote}
Short on NJ was a good trade too but the udine script did not set the pending at all. Dont know why!? But no problem, there will be other opportunities today, tomorrow and the coming days.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
27 traders viewing now