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As simple as possible: 00 level trading

  • #15,461
  • Aug 6, 2014 4:16pm Aug 6, 2014 4:16pm
Quoting ericjschroed
{quote} Oh, except for you. Not sure, check your settings. Did price move down your TS settings PLUS the spread? I mean it does look like it did.
Thanks for the reply...
My TP is 5 pips and the spread was .70 and the trade went up to 7 pips profit and it didnt close. by the time i manually closed it total profit was back to 6 pips.
I had commission set at .7 + 5 pips TP should have closed at 5.7 pips if i understand correctly. Im not complaining my friend im just not sure what im doing wrong.
  • #15,462
  • Aug 6, 2014 4:22pm Aug 6, 2014 4:22pm
Quoting toranjco
Udin Many thanks for your system I am new hear and read a lot of pages and I am almost familiar with this strategy, but some things are strange for me yet.would you please or any some body explain it for me. In the rules has been side that " Distance to RN > 10 pips (see 3 & 4)" I have some problem, what dose it mean? because when I want to make pending order for GJ I need 10 pip distance and it cause to lose some opportunists. but I can see some body make order and don't have any problem. Look at the Udin example at the beginning of second position...
Congratulations on the two profitable trades.

RN stands for Round Number and corresponds to the whole numbers such as 173.00 or 174.00 in the GBPJPY.

The rule states that we do not take a long position at the 90 level or take a short position at the 10 level which are each 10 pips from the RN.

Hopefully this helps. Keep studying and may all of your trades be profitable.

GREEN pips to all.
  • #15,463
  • Aug 6, 2014 4:53pm Aug 6, 2014 4:53pm
Quoting billko1977
{quote} Thanks for the reply... My TP is 5 pips and the spread was .70 and the trade went up to 7 pips profit and it didnt close. by the time i manually closed it total profit was back to 6 pips. I had commission set at .7 + 5 pips TP should have closed at 5.7 pips if i understand correctly. Im not complaining my friend im just not sure what im doing wrong.
Strange because it's working for everyone else. Are you using the Hidden settings and does it draw lines? Do you have it set to BE and does it do that? Does it do anything? That is more likely than only 1 thing not working. Do any EAs work? Do you have it checked to Allow Live Trading BOTH in the EA properties and the Tools, Options, Experts?
  • #15,464
  • Aug 6, 2014 5:58pm Aug 6, 2014 5:58pm
Quoting Pipotron
Anyone can share a currency strength meter?
http://www.livecharts.co.uk/currency-strength.php
  • #15,465
  • Aug 6, 2014 6:08pm Aug 6, 2014 6:08pm
Quoting Pipotron
Anyone can share a currency strength meter?
You can try here also: http://www.forexfactory.com/showthre...10#post5294810

GREEN pips to all.
  • #15,466
  • Aug 6, 2014 6:20pm Aug 6, 2014 6:20pm
Quoting JibalaPasan
{quote} Just one among many! Congrats Jibala
Interesting one, right?
Outcome is not important at all, but correct technique is what only matters
  • #15,467
  • Aug 6, 2014 6:44pm Aug 6, 2014 6:44pm
Quoting commander365
{quote} good set up please how do i get the strengt metter on the righ hand of your chat please i will appreciate thanks
I'm assuming you are talking about the PsyLevels Dashboard.

You will need to change the parameters to suit the pairs you trade (list them alphabetically not randomly) as well as the location on the chart.

Here you go !

Attached File(s)
File Type: ex4 PsyLevels_Dashboard_v1.ex4   16 KB | 1,151 downloads


Masterrmind...........
Master your Mind then Master your Trades
  • #15,468
  • Aug 6, 2014 6:58pm Aug 6, 2014 6:58pm
Quoting Masterrmind
{quote} I'm assuming you are talking about the PsyLevels Dashboard. You will need to change the parameters to suit the pairs you trade (list them alphabetically not randomly) as well as the location on the chart. Here you go ! {file} Masterrmind...........

Hi Mastermind,

Would you know where I can find a PsyLeveles indi for MT4?

Mick
  • #15,469
  • Aug 6, 2014 6:59pm Aug 6, 2014 6:59pm
Quoting MickW
{quote} Hi Mastermind, Would you know where I can find a PsyLeveles indi for MT4? Mick
I just uploaded it in the post above this one!

Masterrmind..........
Master your Mind then Master your Trades
  • #15,470
  • Aug 6, 2014 7:07pm Aug 6, 2014 7:07pm
Hi, can anyone half the height of the WUKAR news indi? Its taking quite a bit of landscape. Thanks in advance.
  • #15,471
  • Aug 6, 2014 7:46pm Aug 6, 2014 7:46pm
Quoting Masterrmind
{quote} I just uploaded it in the post above this one! Masterrmind..........
Thanks MM
  • #15,472
  • Aug 6, 2014 7:48pm Aug 6, 2014 7:48pm
NU Long @ 0.84800 to TP
Attached Image
  • #15,473
  • Aug 6, 2014 8:08pm Aug 6, 2014 8:08pm
Quoting MickW
NU Long @ 0.84800 to TP {image}
well done, but very close to DO!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,474
  • Aug 6, 2014 8:15pm Aug 6, 2014 8:15pm
Quoting toranjco
Udin Many thanks for your system I am new hear and read a lot of pages and I am almost familiar with this strategy, but some things are strange for me yet.would you please or any some body explain it for me. In the rules has been side that " Distance to RN > 10 pips (see 3 & 4)" I have some problem, what dose it mean? because when I want to make pending order for GJ I need 10 pip distance and it cause to lose some opportunists. but I can see some body make order and don't have any problem. Look at the Udin example at the beginning of second position...
I am facing the same problem as yours.

I believe it is gecause of the spread. Your broker probably has 10 pips for GJ. Mine has 7 pips.

This won't allow us to place pending orders at 00 levels. It will trigger the order 10 pips before the intended price. In addition, it won't let you set TP lesser than 10 pips and 7 pips for my case.

If anyone of you has a solution to this, I'd love to hear from you too.

The only solution now is to chanfe a broker with low spreads for those pairs.
  • #15,475
  • Aug 6, 2014 8:45pm Aug 6, 2014 8:45pm
GJ Long @ 172.200 to TP

Done till LO

Good luck all
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 7 KB
  • #15,476
  • Aug 6, 2014 9:28pm Aug 6, 2014 9:28pm
GBPJPY Tp, Tokyo open, Over 100 ADR
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY, H1.png Size: 56 KB
  • #15,477
  • Aug 6, 2014 10:30pm Aug 6, 2014 10:30pm
EA long on RED NEWS = 63,6 Pip. I am out here for the rest of the week bcoz of the many burpees I have to do.

Wish you guys best of luck and many green pips.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,478
  • Aug 6, 2014 11:21pm Aug 6, 2014 11:21pm
nice going guys/girls..

me enjoying holidays and you the green pips

PM's replied..

PDF & BCC

Udine
Sleep less, live fast, as it aint gonna last
  • #15,479
  • Aug 6, 2014 11:24pm Aug 6, 2014 11:24pm
Quoting Jysticim
Trade #7 Bought EUR/USD @1.33500. TP +5. Traded news but less volatility then expected. Up 35 for the day = 17.5%. Done for the day. I wish you all good luck. 19 trades = 100% winrate {image}
Please stick to the rules...

If you trade like this, dont show the trades please..otherwise start your own thread..

thx in advance

Udine
Sleep less, live fast, as it aint gonna last
  • #15,480
  • Aug 6, 2014 11:25pm Aug 6, 2014 11:25pm
ok out again.

stay green you all

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