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As simple as possible: 00 level trading

  • #15,401
  • Aug 6, 2014 5:30am Aug 6, 2014 5:30am
Quoting Jysticim
Trade #3 Sold EUR/JPY @136.800. TP +5. Sold it because strong downtrend. Up 15 for the day. {image}
Same here
  • #15,402
  • Aug 6, 2014 5:33am Aug 6, 2014 5:33am
Trade #5

Sold EUR/AUD @1.43400. TP +5. Risky trade, traded the breakout south. Up 25 for the day.
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  • #15,403
  • Aug 6, 2014 5:34am Aug 6, 2014 5:34am
Quoting JibalaPasan
Trade #5 EA TP. {image} Jibala
jibalaPasan,

Your correct, the H1 & H4 candles do help with less noise. Just will take some getting use to the higher t/f's as a small t/f scalper.

Thanks,
Cigarguy
Keep It Simple
  • #15,404
  • Aug 6, 2014 5:41am Aug 6, 2014 5:41am
Trade #6

Sold USD/JPY @ 102.400. TP +5. Down trend going on.

Up 30 for the day = +15%. Maybe Ill come back in NY session first heading out for lunch.

Green pips to everyone
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  • #15,405
  • Aug 6, 2014 5:48am Aug 6, 2014 5:48am
Trade #6 NJ TP.

Attached Image (click to enlarge)
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I give up na, this internet connection drives me crazy! cu guys

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,406
  • Aug 6, 2014 5:56am Aug 6, 2014 5:56am
Nice in sync

Cigarguy
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Keep It Simple
  • #15,407
  • Aug 6, 2014 6:02am Aug 6, 2014 6:02am
Have a look on that strength meter and you know how I pic my trades eg. the last one on NZDJPY Using a strength meter may help in your decision! For me it works pretty good.

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,408
  • Aug 6, 2014 6:05am Aug 6, 2014 6:05am
Quoting JibalaPasan
Have a look on that strength meter and you know how I pic my trades eg. the last one on NZDJPY Using a strength meter may help in your decision! For me it works pretty good. {image} Jibala
u have not replied my question yet
  • #15,409
  • Aug 6, 2014 6:05am Aug 6, 2014 6:05am
first trade in anger with MT4 - still getting used to it... and so i thought the trailing stop and tp were in the EA and didnt put anyhing in the trade..
ah well.. GBP/USD in at 1.68300 and out at 1.68276 +24 pips..!.... took me that long to find th button or else i would have stopped it out on +12 pips


got to keep on learning
  • #15,410
  • Aug 6, 2014 6:19am Aug 6, 2014 6:19am
Quoting Emmpoli
{quote} u have not replied my question yet
It's answered already http://www.forexfactory.com/showthre...88#post7654088

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,411
  • Aug 6, 2014 6:25am Aug 6, 2014 6:25am
Quoting JibalaPasan
Have a look on that strength meter and you know how I pic my trades eg. the last one on NZDJPY Using a strength meter may help in your decision! For me it works pretty good. {image} Jibala
Hi Jibala

When selecting pairs to trade, you obviously match a strong with a weak currency.

- Would you define a strong currency as one over say 7 and a weak currency as one under say 3?
- Would you wait until a predefined level is reached (as hypothetically described above), or select a pair by say noticing quick rates of change in strength?

Axiom
  • #15,412
  • Edited 6:51am Aug 6, 2014 6:27am | Edited 6:51am
just came back from shopping to find
GU to TS +0.8pips
EDIT: I broke RULE #7. I should have checked at 4:30pm JST (one hour before GBP Manufacturing Production m/m)
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My hope has been almost completely shattered, but not completely yet
  • #15,413
  • Aug 6, 2014 6:41am Aug 6, 2014 6:41am
Quoting JibalaPasan
{quote} It's answered already http://www.forexfactory.com/showthre...88#post7654088 Jibala
Hi Jibala, we are all happy for you that owns this tool, but in the end if it's private and you can't share it it's no use, don't you ?
Porta itineris dicitur longissima esse
  • #15,414
  • Aug 6, 2014 6:46am Aug 6, 2014 6:46am
Anyone can share a currency strength meter?
  • #15,415
  • Aug 6, 2014 6:52am Aug 6, 2014 6:52am
Quoting JibalaPasan
{quote} It's answered already http://www.forexfactory.com/showthre...88#post7654088 Jibala
ok. Didn't take notice of the word ''proprietary''. Thought its something you wanted sharing to help others like other have done on this great thread
  • #15,416
  • Aug 6, 2014 6:57am Aug 6, 2014 6:57am
Please opinion about USDCAD, BS at 1.0980 and SS at 1.0960.
  • #15,417
  • Aug 6, 2014 6:59am Aug 6, 2014 6:59am
Quoting JibalaPasan
Have a look on that strength meter and you know how I pic my trades eg. the last one on NZDJPY Using a strength meter may help in your decision! For me it works pretty good. {image} Jibala

Hi JibalaPasan, is your CSM made on excel? Seems similar to what I am using which is linked on my MT4 platform. Nice to see some traders using CSM for their analysis.

Isko
SMT, IPDA, Market Structure
  • #15,418
  • Aug 6, 2014 7:02am Aug 6, 2014 7:02am
Additional Currency Strength Meters:

Currency Strenth Meter:
http://www.currencynewstrading.com/3...ter-explained/

Currency Heat Map:
http://www.actionforex.com/markets/d...2009031181561/
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,419
  • Aug 6, 2014 7:06am Aug 6, 2014 7:06am
well... still havent got the hang of the charting software.. having to stop out everythin manually..

Sell eurjpy136.6000 out 136.591... Nice +9 pips
  • #15,420
  • Aug 6, 2014 7:16am Aug 6, 2014 7:16am
Going to try trading news.
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