As simple as possible: 00 level trading

Quoting Udine

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{quote} nope, GBP pairs messy EU and EJ not in sync, so dont like the charts at all... i am watching and I feel that I cannot find low risk entries with high probability of making my green pips... the odds are not stacked in my favor, so not risking anything ... prefer to be safe than sorry cheers Udine

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Quoting rjsimp

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{quote} What about your trade that goes to BE? EJ also wasn't in sync with EU. GBP pairs reached ADR at that time. I try to understand where is good trades and where is not.

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Quoting Udine

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{quote} now post a chart with EU and EJ side by side please Edit: you will see EU D1 is red and EJ D1 is green... no sync... i want low risk entries with a high probability of a winning trade... not present at the moment, so for me no trade.. Udine

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Quoting orangutangas

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{quote} Udine, Are you watching sync of two different pairs only on D1 time frame? Well i took that trade because according to ForexProfitSupreme meter which showed at that time strong EUR and USD and also weak JPY.

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Quoting Udine

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{quote} I am not using the forexprofit meter ! Udine

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Quoting orangutangas

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{quote} Ok, so only D1 sync of 2 pairs?

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Quoting Udine

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{quote} its not that simple my friend... I wish it was so i could explain it in simple words, but I have for a reason all four pairs EU/EJ/GJ/GU side by side... Cheers Udine

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Quoting orangutangas

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{quote} I can understand and not simple words Is it possible at least approx to know how are you doing that sync? Without these meters, what i do is at first(if trying to put long trade on eur/jpy): 1.Checking ej that in ll time frames it will have green candles(no resistances at the nearest levels or other warning factors). 2. If EJ is ok then double checking with EU to see if EUR is moving into same direction(but was not doing sync on D1 to check if it is above/below DO). 3. If Eur is ok then checking GJ to see if JPY also has same direction...

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Quoting orangutangas

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{quote} Udine, Are you watching sync of two different pairs only on D1 time frame? Well i took that trade because according to ForexProfitSupreme meter which showed at that time strong EUR and USD and also weak JPY.

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Quoting Udine

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{quote} no meters, just my eyes.. have the charts side by side to check if they are moving in sync and both abvoe or below DO have not been looking at GBP pairs all day.., otherwise are part of the watching is well.. Udine

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Quoting flx69

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{quote} May I suggest something ? Please look at how many charts Udine posted, where he took a trade at the 3rd 00-level (or beyond) from the DO... I think only MM is able to pull off that sort of trades... You need to be really good at trading, with a lot of experience, to get trades from those levels to a good end... flx69 EDIT: no, this is not a rule. However, my back testing showed 41% less probabilities of winning from those levels...

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Quoting Masterrmind

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Trade #1 EURAUD +5 TP {image} Masterrmind.........

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Quoting flx69

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{quote} May I suggest something ? Please look at how many charts Udine posted, where he took a trade at the 3rd 00-level (or beyond) from the DO... I think only MM is able to pull off that sort of trades... You need to be really good at trading, with a lot of experience, to get trades from those levels to a good end... flx69 EDIT: no, this is not a rule. However, my back testing showed 41% less probabilities of winning from those levels...

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Quoting Carpathian

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{quote} b-e-a-u-t-i-ful One of those I am looking for recently. I was away... may also have been coward to take it EA having already gone a lot, though it was textbook example, H closing just a pip below 00 level and without a wick! Next H got the confirmation up, zoooom!

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