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As simple as possible: 00 level trading

  • #16,661
  • Aug 25, 2014 8:51pm Aug 25, 2014 8:51pm
Quoting JibalaPasan
Trade #2 GJ TP. {image} Sorry guys, couldn't resist, thus it has become a triple TP. Jibala
I agree no reason to close if it has momentum.
  • #16,662
  • Aug 25, 2014 9:06pm Aug 25, 2014 9:06pm
Quoting ronwalt
{quote} Hi JibalaPasan, Is that currency meter available? Thank you for your interesting and helpful posts. Cheers!
No, I am sorry! This strength meter is part of a complete trading system which is provided to me by my mentor.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #16,663
  • Aug 26, 2014 12:53am Aug 26, 2014 12:53am
Quoting ronwalt
{quote} Hi JibalaPasan, Is that currency meter available? Thank you for your interesting and helpful posts. Cheers!
ronwalt,

I'm using this meter for trading . It serve my purpose except it isn't that colorful/fanciful.

Hope you will find it useful.
Attached File(s)
File Type: ex4 Currency Strength - Giraia.ex4   30 KB | 640 downloads
  • #16,664
  • Aug 26, 2014 1:17am Aug 26, 2014 1:17am
Quoting JibalaPasan
{quote} No, I am sorry! This strength meter is part of a complete trading system which is provided to me by my mentor. Jibala
If you do not want to share do not show it. You look like a boy showing a toy to give envy to others. You either you catch everything that others share. Too bad Jibalapasan.
Do not share it, but do not show it, you're already an adult!

KARMA
Donde hay Patron no manda Marinero
  • #16,665
  • Aug 26, 2014 1:26am Aug 26, 2014 1:26am
Quoting goldcourse
{quote} ronwalt, I'm using this meter for trading . It serve my purpose except it isn't that colorful/fanciful. Hope you will find it useful. {file}
thanks goldcourse

i like
Attached Image (click to enlarge)
Click to Enlarge Name: con streagth.png Size: 73 KB
  • #16,666
  • Aug 26, 2014 1:39am Aug 26, 2014 1:39am
Quoting Juan007
{quote} thanks goldcourse i like {image}
Juan007,

Most welcome! Glad you like it !
  • #16,667
  • Edited 2:04am Aug 26, 2014 1:40am | Edited 2:04am
Good Morning Everybody,
GJ SHORT @.300 +5 TP. Against rule 3!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB

Choice made per PA.
  • #16,668
  • Edited 2:05am Aug 26, 2014 1:49am | Edited 2:05am
NU LONG @.500 -10 SL.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB

Just ran up to DO then started declining -- not a wisely selected setup.
Looked at CSM showed NZD strong against USD jumped in quickly.
  • #16,669
  • Aug 26, 2014 2:15am Aug 26, 2014 2:15am
good morning!
back from my holidays, but starting slowly reading all postings from august.
will start trading in september again.
  • #16,670
  • Aug 26, 2014 2:15am Aug 26, 2014 2:15am
but what's the difference between fsm and this meter?
  • #16,671
  • Aug 26, 2014 2:25am Aug 26, 2014 2:25am
Quoting liuxiaobing
but what's the difference between fsm and this meter?
This meter does not slow down my pc speed that much compared to fsm. Anyway this is my personal opinion.
You have choice now.
  • #16,672
  • Edited 3:01am Aug 26, 2014 2:44am | Edited 3:01am
Goodmorning!
Another bad start today.
Hope you can help me in figuring out what happened here.
During FFO every pair with EUR involved was uptrending. In the last minutes of FFO hour the psy level dashboard was an ALL GREEN on EJ, EU, EA, EG, EN, EC and EC. The only red square was on EJ Daily but price was very near DO and strongly bullish.
The supreme meter was also telling me EUR >7.
I chosed to buy EUR and sell the two currencies that were weaker: USD and GBP.
Also, the entry levels available were perfect: .100 on EURUSD and .700 on EURGBP that are the first tradable ones strategy-wise in the day.
I put the two orders, EU got triggered in the very few last seconds of FFO hour and then reversed immediately.
EURGBP never got triggered.
Now EUR ran down on every cross, looks like I'm going to lose the EU trade and EG never got triggered.
No resistences against me, no news, nothing to tell me to avoid the trade.

Suggestions about that?

I'm posting the chart with the 5 principle crosses involved with EUR.

Now EG order removed due to upcoming GBP news.

Lrt
Attached Image (click to enlarge)
Click to Enlarge Name: Great fun at LO(ss). 26 08.jpg Size: 643 KB
"Every battle is won before it's fought."
  • #16,673
  • Aug 26, 2014 2:56am Aug 26, 2014 2:56am
That is a classic example of the Frankfurt Fakey. The move in FF is often reversed on London Open. It is one of the reasons that I don't trade FF. Much higher probability to reverse the move than extend it upon LO. If there was a medium news driver at FF, it may extend, but personally I don't trade FF. I realize that is against the rules, but I would rather wait for a clean setup another time than start off negative after a fakey.
  • #16,674
  • Aug 26, 2014 3:03am Aug 26, 2014 3:03am
Quoting Lrt.Ita
......... .100 on EURUSD .......... EU got triggered in the very few last seconds of FFO hour and then reversed immediately. .......
At my broker the EU high of FFO is .146 so you should have the TS kicked in.
  • #16,675
  • Edited 4:09am Aug 26, 2014 3:05am | Edited 4:09am
Quoting panamamike
That is a classic example of the Frankfurt Fakey. The move in FF is often reversed on London Open. It is one of the reasons that I don't trade FF. Much higher probability to reverse the move than extend it upon LO. If there was a medium news driver at FF, it may extend, but personally I don't trade FF. I realize that is against the rules, but I would rather wait for a clean setup another time than start off negative after a fakey.
Now that you tell me, I remember that this was a thing that i understood/read the first days when I was learning the strategy.
(I never traded in the first hours of the day before.)
As FFO here is at 8 in the morning, i think that this FF tendency to fake turns in a nice opportunity to do something else or sleep an hour more .

Thanks,
Lrt
"Every battle is won before it's fought."
  • #16,676
  • Aug 26, 2014 3:09am Aug 26, 2014 3:09am
Quoting Carpathian
{quote} At my broker the EU high of FFO is .146 so you should have the TS kicked in.
Nope, order was triggered a few second before LO, at 08h:59m:25s.
Look at it as if it was during LO hour.. It's a matter of just 0,1 pip as LO highest was 1.32098 and the spread is 0,1/0,2.

Lrt
"Every battle is won before it's fought."
  • #16,677
  • Aug 26, 2014 3:20am Aug 26, 2014 3:20am
Quoting panamamike
That is a classic example of the Frankfurt Fakey. The move in FF is often reversed on London Open. It is one of the reasons that I don't trade FF. Much higher probability to reverse the move than extend it upon LO. If there was a medium news driver at FF, it may extend, but personally I don't trade FF. I realize that is against the rules, but I would rather wait for a clean setup another time than start off negative after a fakey.


Just today there have been so many false signals the hour prior to LO and still after LO!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #16,678
  • Aug 26, 2014 3:23am Aug 26, 2014 3:23am
Quoting Lrt.Ita
{quote} Nope, order was triggered a few second before LO, at 08h:59m:25s. Look at it as if it was during LO hour.. I't a matter of just 0,1 pip as LO highest was 1.32098 and the spread is 0,1/0,2. Lrt
OK, I see.
PA-wise it is again a little bit of a shooting star (long wick at end of the swing) story. Check out the two long wick candles marked yellow.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB

When the wicks are long compared to the body and outside (and at the extreme of) the swing that is a hint for a possible reversal.
  • #16,679
  • Aug 26, 2014 3:24am Aug 26, 2014 3:24am
Quoting Patron
{quote} If you do not want to share do not show it. You look like a boy showing a toy to give envy to others. You either you catch everything that others share. Too bad Jibalapasan. Do not share it, but do not show it, you're already an adult! KARMA
  • #16,680
  • Aug 26, 2014 3:25am Aug 26, 2014 3:25am
BGPCAD SHORT @.900 BE TS.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB

Choice for pair per CSM also PA. This time the TS was against me as it would be a TP now.
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