As simple as possible: 00 level trading | Page 892 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

As simple as possible: RENKO M5 trading 75 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Simple Level Trading 1 reply

Trading: As simple as possible, but no simpler - by a real Cityboy 92 replies

Attachments: As simple as possible: 00 level trading
Exit Attachments

As simple as possible: 00 level trading

  • #17,821
  • Sep 10, 2014 9:54am Sep 10, 2014 9:54am
3 trades today, 3 winner. Done now.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH1.png Size: 87 KB
  • #17,822
  • Sep 10, 2014 9:54am Sep 10, 2014 9:54am
Quoting bugyibuci
{quote}
Thanks!

Dear All,
That's all for me today, see you later! - Áron
  • #17,823
  • Sep 10, 2014 10:04am Sep 10, 2014 10:04am
Quoting dhghael
All in one level trading {image} {file} {image}

sorry you have lost me completely....

what does this have to do with how we trade here ????

Udine
Sleep less, live fast, as it aint gonna last
  • #17,824
  • Sep 10, 2014 10:35am Sep 10, 2014 10:35am
First SL Trade (Demo)

ignored RULE 2, other reasons?

Thanks

Greetz Michael
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 76 KB
  • #17,825
  • Sep 10, 2014 10:43am Sep 10, 2014 10:43am
Quoting mwsteiner
First SL Trade (Demo) ignored RULE 2, other reasons? Thanks Greetz Michael {image}
dont know the pair.. (no experience in trading it)

so cannot answer..

Udine
Sleep less, live fast, as it aint gonna last
  • #17,826
  • Sep 10, 2014 10:47am Sep 10, 2014 10:47am
Quoting Udine
{quote} dont know the pair.. (no experience in trading it) so cannot answer.. Udine

thanks anyway!

Greetz
  • #17,827
  • Sep 10, 2014 11:18am Sep 10, 2014 11:18am
@Udine: Many many many thx for this threat! After many months searching I think I found the method of trading that suits me the most!!!
But I still have some problem to understand your rule #2! Could you please explain it step-by-step for dummies!? Sorry but I think I am to stupid!
Thx!!!
  • #17,828
  • Sep 10, 2014 11:27am Sep 10, 2014 11:27am
Quoting ms119
@Udine: Many many many thx for this threat! After many months searching I think I found the method of trading that suits me the most!!! But I still have some problem to understand your rule #2! Could you please explain it step-by-step for dummies!? Sorry but I think I am to stupid! Thx!!!

the first 00 level of the new hour..

has been mentioned and explained plenty times in the beginning fo the thread

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #17,829
  • Sep 10, 2014 11:27am Sep 10, 2014 11:27am
ok I am out.

speak tomorrwo

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #17,830
  • Sep 10, 2014 11:27am Sep 10, 2014 11:27am
Quoting mwsteiner
First SL Trade (Demo) ignored RULE 2, other reasons? Thanks Greetz Michael {image}
I am not a big expert (yet), but I wouldnt trade that candle even at the correct level because of the previous H1 bar (with the long upper wick). If I am correct, it is called "shooting star" and it is a sign of weakening trend, and a few candles before that we also see doji candle which I guess also means the same. Could, however, consider trading long that level after the close of the candle were you entered, but 20D ADR max level is too close, and in addition - it is the 6th 00 level of the day - also not a promising sign

so, like they say here, I would stay sideways
  • #17,831
  • Sep 10, 2014 11:28am Sep 10, 2014 11:28am
Quoting ms119
@Udine: Many many many thx for this threat! After many months searching I think I found the method of trading that suits me the most!!! But I still have some problem to understand your rule #2! Could you please explain it step-by-step for dummies!? Sorry but I think I am to stupid! Thx!!!
Look at this picture.
Attached Image (click to enlarge)
Click to Enlarge Name: first 00.png Size: 78 KB
  • #17,832
  • Sep 10, 2014 11:33am Sep 10, 2014 11:33am
Quoting ms119
@Udine: Many many many thx for this threat! After many months searching I think I found the method of trading that suits me the most!!! But I still have some problem to understand your rule #2! Could you please explain it step-by-step for dummies!? Sorry but I think I am to stupid! Thx!!!

look few posts higher.... mwsteiner entered the third 00 level, which is 97.300. The correct (the first) would be 97.100, however, as I described in previous post- I wouldnt take that trade at all.
  • #17,833
  • Sep 10, 2014 11:49am Sep 10, 2014 11:49am
Quoting JibalaPasan
{quote} Hello Udine, a lot of posts to read. But what I can read, most of you guys doing well and also trading profitable. It seems your newly added indicators are a good help. Our office is doing great as well, we are almost done for the month, 87.5% at current. Almost every day starting at 3pm, less than 2 hours of work and then leisure again. Wow, that's really amazing. Best of luck to everybody! Continue with your good work guys. Jibala
Nice results. Please help me understand your statement better.

87.5% for September 1-10, 1 person, risking 1% each time ?

Thanks.
  • #17,834
  • Sep 10, 2014 12:23pm Sep 10, 2014 12:23pm
Attached Image
  • #17,835
  • Sep 10, 2014 12:24pm Sep 10, 2014 12:24pm
I'm curious, how do you guys not get any slippage when entering please?
  • #17,836
  • Sep 10, 2014 1:05pm Sep 10, 2014 1:05pm
Quoting JibalaPasan
{quote} There are no changes in the rules, just some more filters to get the good trades only! Jibala
Can you explain the filters? Thank you.
  • #17,837
  • Edited 2:43pm Sep 10, 2014 2:33pm | Edited 2:43pm
Quoting eruiluvatar
I'm curious, how do you guys not get any slippage when entering please?
Hello Euril,
I am still on demo however I do get (some) slippage maybe 50% the time. Check this one for example:
http://www.forexfactory.com/showthre...20#post7729720

Usually I check the position after it was opened what is the level it was filled at and may adjust TP accordingly. Nevertheless the more slippage you get the worse your chances get reaching TP logically. On the other hand if you don't adjust TP to a slipped position your profit will be less so the expectancy of the system gets tweaked around.
When scalping (only for 5 pips) slippage (eg. 0.5-1 pip) is a problem you have to address because it has big effect on the trading system's performance.
- Look for another broker.
- Try limit order entry techniques (there are some in the thread who seem to have some experience at this, or are experimenting with this).

Regards - Áron
  • #17,838
  • Sep 10, 2014 2:37pm Sep 10, 2014 2:37pm
Quoting mwsteiner
First SL Trade (Demo) ignored RULE 2, other reasons? Thanks Greetz Michael {image}
Well Michael,
I don't understand why you are looking for other reasons when you have ignored/violated just one of the rules. It is enough start looking for reasons when you get a loss on a trade that first of all complied all the rules.
  • #17,839
  • Sep 10, 2014 3:05pm Sep 10, 2014 3:05pm
Quoting Carpathian
{quote} Hello Euril, I am still on demo however I do get (some) slippage maybe 50% the time. Check this one for example: http://www.forexfactory.com/showthre...20#post7729720 Usually I check the position after it was opened what is the level it was filled at and may adjust TP accordingly. Nevertheless the more slippage you get the worse your chances get reaching TP logically. On the other hand if you don't adjust TP to a slipped position your profit will be less so the expectancy of the system gets tweaked around. When scalping...
Thanks Aron, much appreciated - I have been setting pending limit orders, but I am still experiencing slippage - I am doing very well with this system, just can't always seem to avoid the slippage especially when entering a trade....
  • #17,840
  • Sep 10, 2014 4:09pm Sep 10, 2014 4:09pm
Slippage happens, sometimes negative and sometimes positive for my account. I never calculated it but i guess it pretty much evens out in the long run.
I don't worry about it, just like commision it is the cost off doing this bussiness.
Persistence will get it. Consistency will keep it.
4 traders viewing now