As simple as possible: 00 level trading | Page 709 | Forex Factory

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As simple as possible: 00 level trading

  • #14,161
  • Jul 29, 2014 5:14am Jul 29, 2014 5:14am
I realize that it is not a 00 level trading indicator, but I would like to use that PsyLevels Dashboard v1, but can't get that darn thing to update. Installed and re-installed many times, but to no avail. If a current user has any suggestions I sure would appreciate their input

Thank You,
Cigarguy
Keep It Simple
  • #14,162
  • Jul 29, 2014 5:15am Jul 29, 2014 5:15am
GU to TP
  • #14,163
  • Jul 29, 2014 5:16am Jul 29, 2014 5:16am
Quoting Carpathian
I am GU SHORT @1.6970
GU SHORT +5 TP
  • #14,164
  • Edited 5:27am Jul 29, 2014 5:16am | Edited 5:27am
Quoting cigarguy
I realize that it is not a 00 level trading indicator, but I would like to use that PsyLevels Dashboard v1, but can't get that darn thing to update. Installed and re-installed many times, but to no avail. If a current user has any suggestions I sure would appreciate their input Thank You, Cigarguy
Try compiling the one you have for errors in Meta Editor!

Then check for errors.

Currently have mine running perfectly on Build 670.

Make sure bounce mode and breakout mode are set = 1 (active state)

Masterrmind...........
Master your Mind then Master your Trades
  • #14,165
  • Jul 29, 2014 5:16am Jul 29, 2014 5:16am
Quoting ravitelang
{quote} So I must have pass this trade and wait for next hour Udine
there you go..

GU to TP.. entry just before close of the previous hour

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #14,166
  • Jul 29, 2014 5:16am Jul 29, 2014 5:16am
Entry wrong but lucky to get profit..Udine I want your reply on this please..
I think I am still struggling to get the whole procedure correctly..Correct me if I am wrong in the following procedure
1. Strictly go for hourly pending orders even if I am watching for 15M chart
2. Check H1 & D1 candles at the start of that hour and follow the trend
3. If no setup available as per rules wait for next hour
4. Even if the entry is close to DO, enter only first 00 level
Attached Image
  • #14,167
  • Jul 29, 2014 5:19am Jul 29, 2014 5:19am
I am GJ SHORT @172.90
  • #14,168
  • Jul 29, 2014 5:19am Jul 29, 2014 5:19am
Quoting ravitelang
Entry wrong but lucky to get profit..Udine I want your reply on this please.. I think I am still struggling to get the whole procedure correctly..Correct me if I am wrong in the following procedure 1. Strictly go for hourly pending orders even if I am watching for 15M chart 2. Check H1 & D1 candles at the start of that hour and follow the trend 3. If no setup available as per rules wait for next hour 4. Even if the entry is close to DO, enter only first 00 level {image}

1. i look only at the 1H chart
2. yes
3. yes
4. yes or dont trade

Udine
Sleep less, live fast, as it aint gonna last
  • #14,169
  • Jul 29, 2014 5:21am Jul 29, 2014 5:21am
Quoting Udine
{quote} 1. i look only at the 1H chart 2. yes 3. yes 4. yes or dont trade Udine
So now just placed GJ short @172.900. It has already passed 20 minutes before this hour start..Is it the correct entry Udine your opinion please.
  • #14,170
  • Jul 29, 2014 5:22am Jul 29, 2014 5:22am
Quoting laud
Three win trades = $82 But one lost trade cost me about $80. Do someone have it in better ratio? Kindly ask you to PM me. {image}
This is the main problem of this strategy.
3 wins and 1 lose ==> Break even.
Maybe in correctly selecting your setup you will have more than 80% to earn money ;-)
Trade Safe !
  • #14,171
  • Jul 29, 2014 5:23am Jul 29, 2014 5:23am
Quoting ravitelang
{quote} So now just placed GJ short @172.900. It has already passed 20 minutes before this hour start..Is it the correct entry Udine your opinion please.
It is a correct entry. The last hour finished below 173.000 and above 172.900.
The only trades possible at the next 00 levels are 173.000 and 172.900.
Trend is down so cannot trade 173.000
  • #14,172
  • Jul 29, 2014 5:32am Jul 29, 2014 5:32am
Just came back from lunch, took a look on the charts and.. OMG i can't believe it, GU, is that a real trend this that I'm seeing?? Missed that soo much, lol.
Hope it keeps going, moving everything a little..

Lrt
"Every battle is won before it's fought."
  • #14,173
  • Jul 29, 2014 5:32am Jul 29, 2014 5:32am
Quoting Goodgame42
{quote} This is the main problem of this strategy. 3 wins and 1 lose ==> Break even. Maybe in correctly selecting your setup you will have more than 80% to earn money ;-)

the idea is to stop after 2 winners..

Udine
Sleep less, live fast, as it aint gonna last
  • #14,174
  • Jul 29, 2014 5:33am Jul 29, 2014 5:33am
Quoting Udine
done for the day.. Udine {image}
Verrrry nice indeed !

I just remembered that the markets will be here tomorrow as well.
Therefore decided watching from the sidelines today (well, better said, from a hammock)

flx69
  • #14,175
  • Jul 29, 2014 5:40am Jul 29, 2014 5:40am
Quoting Udine
ej out by TS Udine {image}
Hi Udine, i've been asking before, that my chart have a different value with almost all of you here, it's almost 5pips different, it got me several SL, how can i tricked it so i not hit my SL, or i just start from .05 level ?
thanks.. (sorry if my english is bad)
Attached Image (click to enlarge)
Click to Enlarge Name: mine.jpg Size: 228 KB
  • #14,176
  • Jul 29, 2014 5:40am Jul 29, 2014 5:40am
I am waiting for your reply Udine

Quoting Udine
{quote} 1. i look only at the 1H chart 2. yes 3. yes 4. yes or dont trade Udine
So now just placed GJ short @172.900. It has already passed 20 minutes before this hour start..Is it the correct entry Udine your opinion please.
  • #14,177
  • Jul 29, 2014 5:44am Jul 29, 2014 5:44am
Quoting Udine
{quote} the idea is to stop after 2 winners.. Udine
If you think and you apply it correctly then 2 winners is very easy!

Masterrmind.............
Master your Mind then Master your Trades
  • #14,178
  • Jul 29, 2014 5:46am Jul 29, 2014 5:46am
What does close to DO mean?
  • #14,179
  • Jul 29, 2014 5:48am Jul 29, 2014 5:48am
Quoting Pipotron
What does close to DO mean?
close to "Daily Open" (DO)
  • #14,180
  • Jul 29, 2014 5:50am Jul 29, 2014 5:50am
Quoting g4rud4
{quote} Hi Udine, i've been asking before, that my chart have a different value with almost all of you here, it's almost 5pips different, it got me several SL, how can i tricked it so i not hit my SL, or i just start from .05 level ? thanks.. (sorry if my english is bad) {image}

change broker.. your spread is way too high !!

Udine
Sleep less, live fast, as it aint gonna last
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