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As simple as possible: 00 level trading

  • #17,101
  • Sep 1, 2014 2:53am Sep 1, 2014 2:53am
Quoting Udine
{quote} 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
The good news though Udine is that you don't need a dashboard like that or any other to trade this strategy successfully.

You only need to know which trade to take and which trade to leave alone and apply the rules of your method.

Masterrmind...........
Master your Mind then Master your Trades
  • #17,102
  • Sep 1, 2014 2:58am Sep 1, 2014 2:58am
Quoting Juan007
ea +5 {image}

Good morning all,

Good morning Juan. Interesting chart but it is a month old and a different pair !!!
  • #17,103
  • Sep 1, 2014 3:00am Sep 1, 2014 3:00am
Quoting sj9bp20
{quote} Good morning all, Good morning Juan. Interesting chart but it is a month old and a different pair !!!
Wow!

Masterrmind........
Master your Mind then Master your Trades
  • #17,104
  • Sep 1, 2014 3:11am Sep 1, 2014 3:11am
GBPCAD, GBPJPY, GBPAUD tp

I know there are upcoming news. But there is little volatility, almost worth it, take the low volatility that gives the proximity of the news. I have adapted the system yet, so until they can not control the news.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcad tp udine.PNG Size: 73 KB
Click to Enlarge Name: gbpjpy tp udine.PNG Size: 70 KB
Click to Enlarge Name: gbpaud tp udine.PNG Size: 93 KB
Donde hay Patron no manda Marinero
  • #17,105
  • Sep 1, 2014 3:11am Sep 1, 2014 3:11am
GJ TP = +5
GU TP = +5
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH120140901.png Size: 66 KB
Click to Enlarge Name: GBPUSDH120140901.png Size: 66 KB
Look for reasons not to take a trade.
  • #17,106
  • Sep 1, 2014 3:13am Sep 1, 2014 3:13am
Quoting Masterrmind
{quote} The good news though Udine is that you don't need a dashboard like that or any other to trade this strategy successfully. You only need to know which trade to take and which trade to leave alone and apply the rules of your method. Masterrmind...........

I know, have been doing fine without

was just to prevent people to start complaining about stuff posted but not shared...

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #17,107
  • Sep 1, 2014 3:16am Sep 1, 2014 3:16am
Quoting Patron
GBPCAD, GBPJPY, GBPAUD tp {image} {image} {image}

Rule 7 ??
  • #17,108
  • Edited 3:30am Sep 1, 2014 3:17am | Edited 3:30am
Buenos días familia,

Trade #1 o/t day: NJ out by TS. +1 pip.

flx69

EDIT: high was 87.349, almost went to TP...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB
  • #17,109
  • Sep 1, 2014 3:19am Sep 1, 2014 3:19am
Quoting Udine
{quote} I know, have been doing fine without was just to prevent people to start complaining about stuff posted but not shared... cheers Udine
Yes they did have a bit of a go at her awhile back for not wanting to share but that all appears to have settled down now.

As I've always said .... the bells and whistles (only serve as alerts) are never going to win it for you in the long term but rather the correct application of a sound strategy and an understanding of how the market moves (or how it is likely to move).

Masterrmind...........
Master your Mind then Master your Trades
  • #17,110
  • Sep 1, 2014 3:20am Sep 1, 2014 3:20am
Quoting sj9bp20
{quote} Rule 7 ??
Yes, I know, but I adapt to the market. There is little volatility. There is often movement before the news and I wanted to use it. When market conditions change, if I can not run around the news, then I will not. I think we have to adapt to market conditions and that every rule has an exception. I take the opportunity to do 30 burpees.
You can play chess? The Grandmasters Chess skip sometimes known general and strategic rules skip to win. And do not do burpees.
Donde hay Patron no manda Marinero
  • #17,111
  • Sep 1, 2014 4:08am Sep 1, 2014 4:08am
Quoting Carpathian
{quote} GJ LONG @.500 +5 TP {image} A better timing! RmUp was green upon entry.
Happy Monday Everyone,
As several of you commented this trade from last Friday I feel encouraged to share some additional thoughts that started forming in my mind not long ago regarding PA.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 34 KB

Entry analysis: .500 did prove to be a resistance however when setup turned so that by reaching/passing lvl .500 couple pips price ALSO passed/broke previous trend of last retrace it was a confirmation of buildup of (some) upward momo again. If you check carefully, following the high of the LO+2 hour, price only formed candles with lower highs all the way down meanwhile it penetrated .500 several times however the slow and weak downtrend of the retrace itself was not broken! It was only at this hour, NYO+2 that two conditions were met at the same time: the break of last retrace upwards AND penetration of the nearest 00 level. That is why I noted that this was a better timing than the previous hour as you can see the SL on the chart as well...

Trading is all about probabilities as many rightfully emphasize that. We may say it has 100% probability that price will be moving in waves/swings. It has about 85-90% probability that if price passes one extreme (HI or LO) of the previous hour candle it will not pass the other extreme in the same hour. In other words the probability of a fullengulf candle in the very next hour is only 10-15%. Not to mention many of these full engulfs are formed during news release (eg. see GU 10 hr CET today). This is a significant number that may help finding higher probability entries to catch the 5 pips.
(The basis for the latter probability number is a statistics on candle formations I made in excel a year ago.)

Mastermind seems to be one of those doing a very good job in finding those points where the market's actual wave harmony (H1 or M15) coincides well with the rules of 00 level trading system -- I am picking him 'cos he keeps showing up trades from across the board and market times and they're mostly based on PA.

green pips to all -- Áron

ps. thx for the claps!
  • #17,112
  • Sep 1, 2014 4:08am Sep 1, 2014 4:08am
EU to TS +1
  • #17,113
  • Sep 1, 2014 4:14am Sep 1, 2014 4:14am
trying to get into the flow of the market..

demo trading though...

EU out by TS

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #17,114
  • Sep 1, 2014 4:19am Sep 1, 2014 4:19am
Quoting sj9bp20
EU to TS +1
Excuse me, rule 6 was for EJ.
Donde hay Patron no manda Marinero
  • #17,115
  • Sep 1, 2014 4:25am Sep 1, 2014 4:25am
USDCHF SHORT @0.9180 manual -2 SL.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB

I did not want to risk more when not seeing confirmation of continuation of downtrend.
  • #17,116
  • Edited 5:17am Sep 1, 2014 4:25am | Edited 5:17am
Should be interesting. Got a trade going with CHFJPY at 113.500, exit at 113.600
Everything easy was hard at first
  • #17,117
  • Sep 1, 2014 4:28am Sep 1, 2014 4:28am
Quoting Udine
trying to get into the flow of the market.. demo trading though... EU out by TS Udine {image}
Hi Udine,

Same for me as well.
  • #17,118
  • Sep 1, 2014 4:28am Sep 1, 2014 4:28am
Quoting ocd
Should be interesting. Got a trade going with CHFJPY at 173.500, exit at 173.600
Looks like a winner, should be in BE by now.

Better change your signature ;-)


flx69
  • #17,119
  • Sep 1, 2014 4:30am Sep 1, 2014 4:30am
Quoting Carpathian
{quote} Happy Monday Everyone, As several of you commented this trade from last Friday I feel encouraged to share some additional thoughts that started forming in my mind not long ago regarding PA. {image} Entry analysis: .500 did prove to be a resistance however when setup turned so that by reaching/passing lvl .500 couple pips price ALSO passed/broke previous trend of last retrace it was a confirmation of buildup of (some) upward momo again. If you check carefully, following the high of the LO+2 hour, price only formed candles with lower highs...
Hi Aron,

Thanks for the explanation. I always welcome detailed explanations of why people took their trades. I always learn something new.
BB.
  • #17,120
  • Sep 1, 2014 4:37am Sep 1, 2014 4:37am
Quoting flx69
{quote} Looks like a winner, should be in BE by now. Better change your signature ;-) flx69
Yeah I saw that signature, funny.

The "interesting" part of the trade is that I think its overbought so we'll see.
Everything easy was hard at first
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