As simple as possible: 00 level trading | Page 803 | 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

  • #16,041
  • Aug 13, 2014 7:48am Aug 13, 2014 7:48am
2nd trade AUDCAD @ 1.01600 , pending buy placed in previous hour, only validated in this hour. TS again +2.1 pips
Attached Image (click to enlarge)
Click to Enlarge Name: AC.jpg Size: 267 KB
  • #16,042
  • Aug 13, 2014 7:59am Aug 13, 2014 7:59am
Trade #4

[Bonus Trade #1]

AUDNZD +5 tp

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB


Trade #5

[Bonus Trade #2]

AUDCHF +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 56 KB


Comment: Done for the day!

Masterrmind.............
Master your Mind then Master your Trades
  • #16,043
  • Aug 13, 2014 8:05am Aug 13, 2014 8:05am
Quoting cigarguy
{quote} = Experience and screen time Cigarguy
Over the years it would be an incredible amount of time that I've spent analysing charts and continually learning.

I'm sure that you can relate to that situation.

It's a far cry from what I was like in the early days.

One thing that has never changed has been the pure love of trading.

Masterrmind.........
Master your Mind then Master your Trades
  • #16,044
  • Aug 13, 2014 8:06am Aug 13, 2014 8:06am
panel control
Attached Image (click to enlarge)
Click to Enlarge Name: panel pairs 3.png Size: 82 KB
  • #16,045
  • Aug 13, 2014 8:10am Aug 13, 2014 8:10am
Quoting Juan007
panel control {image}
please can you explain to me how to use this forex profit meter to take a trade ?thanks you explanation will go a along way to help me
  • #16,046
  • Aug 13, 2014 8:10am Aug 13, 2014 8:10am
Quoting Masterrmind
{quote} Over the years it would be an incredible amount of time that I've spent analysing charts and continually learning. I'm sure that you can relate to that situation. It's a far cry from what I was like in the early days. One thing that has never changed has been the pure love of trading. Masterrmind.........
Relate, Yes indeed the same here and continually learning and adjusting with non static market conditions

Regards,
Cigarguy
Keep It Simple
  • #16,047
  • Aug 13, 2014 8:13am Aug 13, 2014 8:13am
That's all from me.

I'm off to rest!

Good luck everyone!

Masterrmind........
Master your Mind then Master your Trades
  • #16,048
  • Aug 13, 2014 8:16am Aug 13, 2014 8:16am
Quoting Masterrmind
That's all from me. I'm off to rest! Good luck everyone! Masterrmind........
Good trading day. Enjoy the rest

Regards,
Cigarguy
Keep It Simple
  • #16,049
  • Aug 13, 2014 8:29am Aug 13, 2014 8:29am
Quoting commander365
{quote} please can you explain to me how to use this forex profit meter to take a trade ?thanks you explanation will go a along way to help me
JIBALA info about
Attached File(s)
File Type: docx explicacion forex metter.docx   1.5 MB | 536 downloads
  • #16,050
  • Aug 13, 2014 8:38am Aug 13, 2014 8:38am
Quoting Masterrmind
Trade #4 [Bonus Trade #1] AUDNZD +5 tp {image} Trade #5 [Bonus Trade #2] AUDCHF +5 TP {image} Comment: Done for the day! Masterrmind.............

Trade #4 is beyond my understanding...we see strong red candles prior to NY...no sign of an uptrend except the price on 15M get stuck on an hour before the trade...upcoming Red news...what makes you think its a good trade? Sorry for all those questionts but its most important and interesting part of trading...reading PA.
  • #16,051
  • Aug 13, 2014 9:04am Aug 13, 2014 9:04am
Quoting gopips
{quote} you have set your windows display settings from 100% to 125% as I have done in example below .............. {image}
Thanks guys to resolved the issue ! It was a really easy !!!!

Especially to GOPIPS and AXIOM.

You guys made me happy !
  • #16,052
  • Aug 13, 2014 9:11am Aug 13, 2014 9:11am
Quoting Juan007
{quote} JIBALA info about {file}
Thanks but the file has an error couldnt open after download
  • #16,053
  • Aug 13, 2014 9:36am Aug 13, 2014 9:36am
Thank you for sharing this excelent dashoboards..
pls.. let me be understand well..

Does a good entry point.. when you have the alarm in the PSY .. indicating all down.. M5 H1 D1 off course with the psylevel.. and the meter indicates... very week the currency.. example this.. GBPJPY.. in the picture? do we have to hear the alarm in PsY and watch situation in the currency meter? THANK YOU.. and blessings!
Attached Image (click to enlarge)
Click to Enlarge Name: UDINE.jpg Size: 233 KB
visit www.OlimpiaFX.com
  • #16,054
  • Aug 13, 2014 9:44am Aug 13, 2014 9:44am
Quoting olimpia
Thank you for sharing this excelent dashoboards.. pls.. let me be understand well.. Does a good entry point.. when you have the alarm in the PSY .. indicating all down.. M5 H1 D1 off course with the psylevel.. and the meter indicates... very week the currency.. example this.. GBPJPY.. in the picture? do we have to hear the alarm in PsY and watch situation in the currency meter? THANK YOU.. and blessings! {image}
IMO, you have the right idea but I personally do not use alarms. I would also add checking the ADR indicator for RM UP and RM down for a higher probability trade. Also, look at a higher t/f chart, not just follow the lower t/f's for trend strength and support and resistance.

Just my opinion but hope it helps Like playing tennis, when you serve have the wind at your back....it's difficult serving into the wind/resistance.

Cigarguy
Keep It Simple
  • #16,055
  • Aug 13, 2014 9:51am Aug 13, 2014 9:51am
Hello, I want to ask a question about one rule:
7. No trading 1 hour before RED NEWS on the pair
The question: are we avoiding trading all red news or only red news on trading pair(e.g trading GBPJPY, so avoiding only GBP and JPY red news)?
Thanks
  • #16,056
  • Aug 13, 2014 9:54am Aug 13, 2014 9:54am
Quoting IenDzi
Hello, I want to ask a question about one rule: 7. No trading 1 hour before RED NEWS on the pair The question: are we avoiding trading all red news or only red news on trading pair(e.g trading GBPJPY, so avoiding only GBP and JPY red news)? Thanks
For me it's any red news due to high volatility. I would wait until the pair (PA) settles down and a trend can be seen. Others may see it differently.

Cigarguy
Keep It Simple
  • #16,057
  • Aug 13, 2014 10:08am Aug 13, 2014 10:08am
So I think it's a winner here :
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 46 KB
  • #16,058
  • Aug 13, 2014 10:13am Aug 13, 2014 10:13am
Quoting IenDzi
So I think it's a winner here : {image}
Appears so. You waited for the pullback and entered correctly with green ADR/ATR for a higher probability trade with the trend

Cigarguy
Keep It Simple
  • #16,059
  • Aug 13, 2014 10:23am Aug 13, 2014 10:23am
PANEL CONTROL

and run all level00 rules
Attached Image (click to enlarge)
Click to Enlarge Name: panel pairs 4.png Size: 86 KB
  • #16,060
  • Aug 13, 2014 10:24am Aug 13, 2014 10:24am
Quoting IenDzi
Hello, I want to ask a question about one rule: 7. No trading 1 hour before RED NEWS on the pair The question: are we avoiding trading all red news or only red news on trading pair(e.g trading GBPJPY, so avoiding only GBP and JPY red news)? Thanks
In Udine's rules he means only don't trade in RED news for the pair, so only if the news was from GBP or JPY - for example in the case of this pair EU Red news would be ok to trade
21 traders viewing now