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As simple as possible: 00 level trading

  • #17,081
  • Aug 31, 2014 8:34pm Aug 31, 2014 8:34pm
Hi All,

It feels good to be back behind the FX computer screen again. Spent most of August tooling around SW France. :-)

Sept 1st is a holiday here in Canada and the USA. Do any other countries have the day off? I imagine trading will be pretty light still...
  • #17,082
  • Aug 31, 2014 10:50pm Aug 31, 2014 10:50pm
Quoting javaboy
{quote} Yes I can read and modify code, if you don't want to share here on forum you can pm me.Thanks
OK. PM sent.
My hope has been almost completely shattered, but not completely yet
  • #17,083
  • Sep 1, 2014 12:15am Sep 1, 2014 12:15am
Quoting chaveznqoos
{quote} Is this your Dashboard?: https://www.youtube.com/watch?v=xJma8polCVg#t=16
Lunch time, break time = great time!

I am not the owner of that trading tool but a chosen one who can use and benefit from it.

4 trades are done already, perfect start in the new week.

Good luck to all and many many green pips.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #17,084
  • Sep 1, 2014 1:22am Sep 1, 2014 1:22am
Quoting JibalaPasan
{quote} Lunch time, break time = great time! I am not the owner of that trading tool but a chosen one who can use and benefit from it. 4 trades are done already, perfect start in the new week. Good luck to all and many many green pips. Jibala
"n a s a p" is nailing it again
  • #17,085
  • Sep 1, 2014 1:31am Sep 1, 2014 1:31am
good morning all,

please remember today US holiday..

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #17,086
  • Sep 1, 2014 1:39am Sep 1, 2014 1:39am
hi udine:
thanks a lot for teaching me! as a newbie I want to know how to do pending orders because my broker take for 106 spread and pending orders by manual?
and I want to know who is your broker?
thank you!
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  • #17,087
  • Sep 1, 2014 1:42am Sep 1, 2014 1:42am
Quoting JibalaPasan
{quote} Lunch time, break time = great time! I am not the owner of that trading tool but a chosen one who can use and benefit from it. 4 trades are done already, perfect start in the new week. Good luck to all and many many green pips. Jibala

lucky you

Great piece of work !! looks like a great deal of thought went into it.

people I believe JP, has given enough hints to put coders in the right direction... unfortunately I am no coder, so I will continue trading my way..

but please dont start complaining if somebody is not willing to share their hard work, the hints can put others in the richt direction ..

cheers,

Udine
Sleep less, live fast, as it aint gonna last
  • #17,088
  • Sep 1, 2014 1:49am Sep 1, 2014 1:49am
Trade #1

EURAUD +5 TP

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Comment: One out of the middle of FF!

Masterrmind.........
Master your Mind then Master your Trades
  • #17,089
  • Sep 1, 2014 1:54am Sep 1, 2014 1:54am
Quoting Masterrmind
{quote} It's a level of support ! In any event no trade was possible from the 300 level since it is the 2nd 00 level in the 1 st hour of London session. Masterrmind..........
so we only trade the 3rd 00 level at london session ? e.g. lodon open at 1.2770 so no trade at between 1.2750 to 1.2790 ?
  • #17,090
  • Sep 1, 2014 1:59am Sep 1, 2014 1:59am
Quoting ejiexe
{quote} Thanks very enlightening. ..... Also the 173.32 level is reason for concern I agree with you but not every trader will see this so taking trade should not be violation of any rules. ..... no trade possible from 300 level anyway if you follow the rules. Please which rule is violated at this level? I know we should trade 40, 50, 60 during FF session while all levels during other session
Please go through the rules one by one and seriously familiarise yourself with them as they will generally keep you on the right side of the ledger (ie profit).

Check rule #2 trade only the 1st 00 level in the hour.

Masterrmind............
Master your Mind then Master your Trades
  • #17,091
  • Sep 1, 2014 2:13am Sep 1, 2014 2:13am
Goodmorning!
Welcome back Udine .

Lrt
"Every battle is won before it's fought."
  • #17,092
  • Sep 1, 2014 2:13am Sep 1, 2014 2:13am
Quoting jasonhaw
{quote} so we only trade the 3rd 00 level at london session ? e.g. lodon open at 1.2770 so no trade at between 1.2750 to 1.2790 ?
Nope!

Please check the rules.

The 1 st 00 level is what you trade provided all the other rules are adhered too!

The example I showed is a different situation showing why I chose not to take the 1st 00 level and why I took the 300...that's all!

Masterrmind........
Master your Mind then Master your Trades
  • #17,093
  • Sep 1, 2014 2:15am Sep 1, 2014 2:15am
Hello everybody !

The august break is over...
I hope that you all had good holidays :-)
It's really a big pleasure to be back to this thread... you've missed me :-)

I'm also very pleased to see you're back too, Udine !
Your presence and your advices are so important.
You're the soul of this thread...

Congratulations to Jibala and Mastermind for their more than excellent results and their input !

Let's continue to move forward together :-)
Good luck to all and stay green !
  • #17,094
  • Sep 1, 2014 2:28am Sep 1, 2014 2:28am
Quoting Masterrmind
{quote} Please go through the rules one by one and seriously familiarise yourself with them as they will generally keep you on the right side of the ledger (ie profit). Check rule #2 trade only the 1st 00 level in the hour. Masterrmind............

Good to ask so much question to reveal hidden knowledge.

Check rule #2 trade only the 1st 00 level in the hour

1. so 172.20 is the first level in the hour but PA does not favour going long at that point.
2. 172.30 is not the first level in the hour of London plus 172.32 support level.
3. 172.40 is the first level of the second hour of London as per the rule.

Thanks
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #17,095
  • Sep 1, 2014 2:31am Sep 1, 2014 2:31am
Quoting Lrt.Ita
Goodmorning! Welcome back Udine . Lrt

Grazie

PDF & BCC

Udine
Sleep less, live fast, as it aint gonna last
  • #17,096
  • Sep 1, 2014 2:35am Sep 1, 2014 2:35am
Quoting ejiexe
{quote} Good to ask so much question to reveal hidden knowledge. Check rule #2 trade only the 1st 00 level in the hour 1. so 172.20 is the first level in the hour but PA does not favour going long at that point. 2. 172.30 is not the first level in the hour of London plus 172.32 support level. 3. 172.40 is the first level of the second hour of London as per the rule. Thanks
Spot on!

ps. Just remember that every chart presents differently and so you need to analyse it on its own merits and trade accordingly.

Masterrmind...........
Master your Mind then Master your Trades
  • #17,097
  • Sep 1, 2014 2:42am Sep 1, 2014 2:42am
ea +5
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  • #17,098
  • Sep 1, 2014 2:48am Sep 1, 2014 2:48am
Hi guys! Hi Udine! Welcome back! Hope you had a very good time with your family.
I guess summer time is over. Lets see what September will bring to us.
Green pips to all.
Alec
Look for reasons not to take a trade.
  • #17,099
  • Sep 1, 2014 2:51am Sep 1, 2014 2:51am
September seems to be opening with another FF fakey.
I took my time last week to study the markets from a different perspective, the Market Makers one..
I'm now beginning to understand a lot of things, like the reason behind FF fakey and "false breakouts", traps in which I fell a lot of times.
I think this will help me avoiding the mistakes caused by the common analysis errors i made.
Study here is never ending .

Lrt
"Every battle is won before it's fought."
  • #17,100
  • Sep 1, 2014 2:53am Sep 1, 2014 2:53am
Quoting Lrt.Ita
September seems to be opening with another FF fakey. I took my time last week to study the markets from a different perspective, the Market Makers one.. I'm now beginning to understand a lot of things, like the reason behind FF fakey and "false breakouts", traps in which I fell a lot of times. I think this will help me avoiding the mistakes caused by the common analysis errors i made. Study here is never ending . Lrt

It has been mentioned several times since the beginning of the thread, if you want less risk, start trading @ London open and not before..

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