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As simple as possible: 00 level trading

  • #16,961
  • Aug 29, 2014 2:20am Aug 29, 2014 2:20am
thx guys

yes I am relaxed...

i know the questions never change...

Cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #16,962
  • Edited 3:58am Aug 29, 2014 2:23am | Edited 3:58am
hi jibalapasan:
how do you think about this indi? fq_cutomer_levels
thank you!
  • #16,963
  • Aug 29, 2014 2:26am Aug 29, 2014 2:26am
GJ +5

I'm off to work, have a great trading day everyone!
Persistence will get it. Consistency will keep it.
  • #16,964
  • Aug 29, 2014 2:28am Aug 29, 2014 2:28am
For those that are having problems with this method.

http://www.forexfactory.com/showthread.php?t=188248

Udine has very clearly marked the stations for you.

Pick the train that is going in the direction of the other trains.
If you are good at something, never do it for free--Joker
  • #16,965
  • Aug 29, 2014 2:32am Aug 29, 2014 2:32am
Quoting liuxiaobing
hi jibalapasan: how do you think about this indi? fq_cutomer_levels thank you! {image}

i will reply..

dont know what that indi is on your chart (which tells you to wait)..
but remove it..

btw your entry on the NZDJPY was late AGAIN !!!

correct entry would have been 86.800 and you would have had plenty time to set a pending order... and have a winning trade..

so having a losing trade there is a big NO NO !!!

get scripts ( here in the thread) or set the pending orders manually !!

Adding stuff to the charts wont solve anything if the basics are WRONG !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #16,966
  • Aug 29, 2014 2:38am Aug 29, 2014 2:38am
Muy buenos días familia,

Hope that all those who traded have had a green August and those holidaying like myself have recharged their batteries !
I´ve spent 1 month reading forex related books and studying EJ and GJ price action on charts.
Still a lot of posts to read during the weekend.

Today and Monday I will be trading live, but with microlots to get back in the flow.

Here´s the first trade o/t day: GJ to TP.

flx69
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  • #16,967
  • Aug 29, 2014 2:39am Aug 29, 2014 2:39am
GBPJPY TP
Attached Image
The problem is not giving offence but taking offence!
  • #16,968
  • Aug 29, 2014 2:41am Aug 29, 2014 2:41am
GBPUSD TP
Attached Image

Done for the day.
The problem is not giving offence but taking offence!
  • #16,969
  • Aug 29, 2014 2:42am Aug 29, 2014 2:42am
Hi
On arrival, Udine
What can you say about Mithen expert (http://www.forexfactory.com/showthread.php?t=494769) ?
Do I have to manually open the deal?
What to do at night?
For some four pairs of Job, Udine ?
I am the programmer MQL4.
What can I do?
  • #16,970
  • Aug 29, 2014 2:43am Aug 29, 2014 2:43am
Quoting ChrisGC
GBPUSD TP {image} Done for the day.
Trade profitable, but not exactly according to the rules.

The first 00-level cross in the hour was .900...
  • #16,971
  • Aug 29, 2014 2:46am Aug 29, 2014 2:46am
Quoting flx69
{quote} Trade profitable, but not exactly according to the rules. The first 00-level cross in the hour was .900...

hi flx welcome back..

had a great time ??

you are 110 % correct

Udine
Sleep less, live fast, as it aint gonna last
  • #16,972
  • Aug 29, 2014 2:47am Aug 29, 2014 2:47am
Quoting flx69
{quote} Trade profitable, but not exactly according to the rules. The first 00-level cross in the hour was .900...
Too close to the DO.
Familiarize yourself with the rules.
Rule 6.
The problem is not giving offence but taking offence!
  • #16,973
  • Aug 29, 2014 2:49am Aug 29, 2014 2:49am
hi masterrmind:
may be it is support level?600level
thank you!
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  • #16,974
  • Aug 29, 2014 2:52am Aug 29, 2014 2:52am
Quoting ChrisGC
{quote} Too close to the DO. Familiarize yourself with the rules. Rule 6.

exactly, so no trade

Udine
Sleep less, live fast, as it aint gonna last
  • #16,975
  • Aug 29, 2014 2:53am Aug 29, 2014 2:53am
Quoting liuxiaobing
hi masterrmind: may be it is support level?600level thank you! {image}
Monthly pivot........try to avoid trading into it especially from the 600 level which would have been slightly below it.

As Udine said the 700 level would have yielded the fruit!

It's great to see that you are thinking...........this business is about 99% thinking and 1% action.

Masterrmind..........
Master your Mind then Master your Trades
  • #16,976
  • Aug 29, 2014 2:54am Aug 29, 2014 2:54am
Quoting liuxiaobing
hi masterrmind: may be it is support level?600level thank you! {image}

MM already replied..

monthly pivot..

remove the stuff from the chart and get scripts..

your focussing on the wrong stuff !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #16,977
  • Aug 29, 2014 2:59am Aug 29, 2014 2:59am
Quoting Udine
{quote} MM already replied.. monthly pivot.. remove the stuff from the chart and get scripts.. your focussing on the wrong stuff !!! Udine
If only traders knew that the less indicators you have on your chart the better the trader you are likely to become because you won't be so easily confused.

Just find the happy medium between not enough indicators and too many and then you'll be ok.

Far too often I see traders thinking that if they just put 1 more indicator on their chart they'll improve....... No Chance!

Masterrmind..........
Master your Mind then Master your Trades
  • #16,978
  • Aug 29, 2014 3:12am Aug 29, 2014 3:12am
Quoting Masterrmind
{quote} If only traders knew that the less indicators you have on your chart the better the trader you are likely to become because you won't be so easily confused. Just find the happy medium between not enough indicators and too many and then you'll be ok. Far too often I see traders thinking that if they just put 1 more indicator on their chart they'll improve....... No Chance! Masterrmind..........

agreed, but to be honest we all have been there..

Udine
Sleep less, live fast, as it aint gonna last
  • #16,979
  • Aug 29, 2014 3:13am Aug 29, 2014 3:13am
what is wrong stuff?
thank you!
  • #16,980
  • Aug 29, 2014 3:15am Aug 29, 2014 3:15am
Quoting liuxiaobing
what is wrong stuff? thank you!

wrong stuff: indicators !!!

right stuff: scripts for the pending orders

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