As simple as possible: 00 level trading | Page 753 | 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

  • #15,041
  • Aug 4, 2014 4:29am Aug 4, 2014 4:29am
Quoting cigarguy
Udine, Is it the normal function for your Udinefx RN clear level indicator to require refreshing when changing chart t/f's or pairs? Thanks, Cigarguy

I noticed as well, before the MT4 600 it was never a problem , but now it seems necessary..

btw dont know how to solve that... its beyond my coding capabilities...

Udine
Sleep less, live fast, as it aint gonna last
  • #15,042
  • Aug 4, 2014 4:30am Aug 4, 2014 4:30am
Quoting tonyTD
Anyone else took EJ 137.800 long?
I have .800 as a resistance level on my chart since price bounces around at that level so I did not see it as a long
  • #15,043
  • Aug 4, 2014 4:31am Aug 4, 2014 4:31am
Quoting Masterrmind
{quote} Hmmmm.....very ambitious of you! Good Luck! Mastrerrmind............
EURUSD sellstop @ 1.34200
  • #15,044
  • Aug 4, 2014 4:31am Aug 4, 2014 4:31am
Quoting Udine
{quote} I noticed as well, before the MT4 600 it was never a problem , but now it seems necessary.. btw dont know how to solve that... its beyond my coding capabilities... Udine
Thanks, just curious! Maybe a coding brain here knows a fix, but no big thing if not.

Cigarguy
Keep It Simple
  • #15,045
  • Aug 4, 2014 4:31am Aug 4, 2014 4:31am
Hi guys,

How do we know we should stop placing pending orders?

For example, 2 hours after Frankfurt and London open as there will be lesser price movement in the pairs?

Clement
  • #15,046
  • Aug 4, 2014 4:39am Aug 4, 2014 4:39am
Quoting Masterrmind
{quote} Hmmmm.....very ambitious of you! Good Luck! Mastrerrmind............
It seems to me a normal trade, for the system.
  • #15,047
  • Aug 4, 2014 4:40am Aug 4, 2014 4:40am
Quoting nelvex
Hi. I cannot obtain good results and I don't know why? What is wrong? {image} {image}

What is wrong?

the market

Udine
Sleep less, live fast, as it aint gonna last
  • #15,048
  • Aug 4, 2014 4:43am Aug 4, 2014 4:43am
Quoting acertaste
{quote} It seems to me a normal trade, for the system.
acertaste,

Yes, but take a look at a larger t/f such as H4, strong background downtrend and current PA just a possible pullback above BRN 1.34000 with a further down move possible. IMO should be considered even if only going for a small 5 pip TP with momentum.

Cigarguy
Keep It Simple
  • #15,049
  • Aug 4, 2014 4:45am Aug 4, 2014 4:45am
Quoting Udine
{quote} What is wrong? the market Udine


I'm here since FFO, just watching.
No trend, nothing interesting and/or profitable.

Lrt
"Every battle is won before it's fought."
  • #15,050
  • Aug 4, 2014 4:48am Aug 4, 2014 4:48am
sixsit ,, BE VERY CAREFULL of market makers (bookies) been there ,been churned , despite their denials ...
Whats That? you're trading What?
  • #15,051
  • Aug 4, 2014 4:49am Aug 4, 2014 4:49am
Quoting Udine
{quote} I noticed as well, before the MT4 600 it was never a problem , but now it seems necessary.. btw dont know how to solve that... its beyond my coding capabilities... Udine
No problem here with Build 646 and below!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,052
  • Aug 4, 2014 4:51am Aug 4, 2014 4:51am
Quoting JibalaPasan
{quote} No problem here with Build 646 and below! Jibala
Mine is build 670

Cigarguy
Keep It Simple
  • #15,053
  • Aug 4, 2014 4:56am Aug 4, 2014 4:56am
Hi all, could you confirm that levels are calculated as follow?

Long Entry: Ask + 5 pips
Stop Long: Ask - 10 pips

So if I'm trading the EURUSD, my real profit will be around 3 pips, and my real loss will be 12 pips, is it correct?

Thank you!
  • #15,054
  • Aug 4, 2014 4:59am Aug 4, 2014 4:59am
Quoting cigarguy
{quote} acertaste, Yes, but take a look at a larger t/f such as H4, strong background downtrend and current PA just a possible pullback above BRN 1.34000 with a further down move possible. IMO should be considered even if only going for a small 5 pip TP with momentum. Cigarguy
I think it's possible a new high in EURUSD, by price action. Naturally, I can be wrong. If the order is executed, I have a trailing stop and stoploss.
  • #15,055
  • Aug 4, 2014 4:59am Aug 4, 2014 4:59am
Quoting Alberto_Jazz
Hi all, could you confirm that the target price is calculated as follow? Long Entry: Ask + 5 pips Stop Long: Ask - 10 pips So if I'm trading the EURUSD, my real profit will be around 3 pips, and my real loss will be 12 pips, is it correct? Thank you!

has been discussed in the beginning of the thread ...

one thing though.. if your spread on the EU is 2 pips.... change broker

Udine
Sleep less, live fast, as it aint gonna last
  • #15,056
  • Aug 4, 2014 5:10am Aug 4, 2014 5:10am
Quoting acertaste
{quote} It seems to me a normal trade, for the system.
Hmmm.

Depends what you perceive to be normal.

Remember that the market is a greater challenge now than previously and so it makes sense to be very diligent about what trades you place.

EURUSD would have been a very low probability trade for several reasons (please look at the charts, the rules, the ADR, the ATR etc etc)

As it turns out if the market had of taken you into that trade you would have gone straight to SL.

ps. You need to apply good judgement as well as the rules to increase your chance of success.

Good Trading

Masterrmind............
Master your Mind then Master your Trades
  • #15,057
  • Aug 4, 2014 5:11am Aug 4, 2014 5:11am
Quoting Udine
{quote} has been discussed in the beginning of the thread ... one thing though.. if your spread on the EU is 2 pips.... change broker Udine
which broker can you recommend?


Thanks and Greetz

Michael
  • #15,058
  • Aug 4, 2014 5:14am Aug 4, 2014 5:14am
EJ Long 80

From morning hours it was pullback to DO line, next long wick on H1 bar. Maybe time of trade is not excellent (between LO and NYO) but i decided to enter.
  • #15,059
  • Aug 4, 2014 5:16am Aug 4, 2014 5:16am
Quoting acertaste
{quote} I think it's possible a new high in EURUSD, by price action. Naturally, I can be wrong. If the order is executed, I have a trailing stop and stoploss.
acertastem

Well, the EU MM's been ranging PA between .34300 and .34200 if BO above DO 1st target could be .34400 last high only time we'll tell with this sleepy mkt! though sidelines for me right now. NYO will probably show the way.....

Cigarguy
Keep It Simple
  • #15,060
  • Aug 4, 2014 5:21am Aug 4, 2014 5:21am
Quoting Masterrmind
{quote} Hmmm. Depends what you perceive to be normal. Remember that the market is a greater challenge now than previously and so it makes sense to be very diligent about what trades you place. EURUSD would have been a very low probability trade for several reasons (please look at the charts, the rules, the ADR, the ATR etc etc) As it turns out if the market had of taken you into that trade you would have gone straight to SL. ps. You need to apply good judgement as well as the rules to increase your chance of success. Good Trading Masterrmind............
I appreciate your advice. My humble opinion tells me that if the EURUSD exceeds the level @ 300, has a good chance of success.
33 traders viewing now