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As simple as possible: 00 level trading

  • #21,721
  • Nov 17, 2014 7:29am Nov 17, 2014 7:29am
Quoting Udine
{quote} Murksler, dont know what would be wrong with this trade... look carefully and check if all rules comply with the 1H strategy traded on the 15M... Udine
Trade is a LONG one while for EJ today only short according to H1 rules. I know that Snail uses daily pivot instead as a reference, but this makes a huge difference. Besides, (not in the last trade posted, but in the previous one) Snail enters @ 50 levels while using H1 strategy. You wrote to me in a very clear manner that this is not allowed. In end this is your thread and you can well decide that one can post any trade as long as it's a winner, but I agree that it's confusing.
Porta itineris dicitur longissima esse
  • #21,722
  • Nov 17, 2014 7:31am Nov 17, 2014 7:31am
tough day since all greather moves were already done in asia's sesssion.

I managed to get 2 wins:
Aud Usd: +5
Usd Chf: TS
Aud Usd: +5

done for today

D
  • #21,723
  • Nov 17, 2014 7:37am Nov 17, 2014 7:37am
Quoting piphunt3r
{quote} nothing is wrong with snail69 trade. He uses the H1 strategy. It is the first 00level of the hour. The only small adjusment by him is that he uses the daily pivot instead of the daily open line. The price was over daily pivot. Thats why it was a buy trade.

have you thought that he might not be using the pivot, but simply has another broker with a different Daily Open line ???

Udine
Sleep less, live fast, as it aint gonna last
  • #21,724
  • Nov 17, 2014 7:39am Nov 17, 2014 7:39am
Quoting sEit89
Guys, anything wrong here please? {image}
I did some statistical research and got that the best trade goes in the second or third same-color candle, not the fourth or fifth or first )))
  • #21,725
  • Nov 17, 2014 7:42am Nov 17, 2014 7:42am
Quoting Udine
{quote} have you thought that he might not be using the pivot, but simply has another broker with a different Daily Open line ??? Udine
He told me that he don't use the daily open line. Instead he prefers the daily pivot.
  • #21,726
  • Nov 17, 2014 7:42am Nov 17, 2014 7:42am
Quoting bubincka
{quote} Trade is a LONG one while for EJ today only short according to H1 rules. I know that Snail uses daily pivot instead as a reference, but this makes a huge difference. Besides, (not in the last trade posted, but in the previous one) Snail enters @ 50 levels while using H1 strategy. You wrote to me in a very clear manner that this is not allowed. In end this is your thread and you can well decide that one can post any trade as long as it's a winner, but I agree that it's confusing.

I have said since the beginning, that each must make it their own... to fit their personality...

Snail is succesful, but who is learning should start at the basics..

we are all at different levels of experience, so you cannot judge one or the other...
Snail is taking more trades than me and doing great, so who am to judge how Snail is trading...

He found his set up and he is profiting well... and I am the first to congratulate and respect him for that... the same goes for MM for that matter ..

but it might simply be a difference of brokers, so dont judge too fast..

Udine
Sleep less, live fast, as it aint gonna last
  • #21,727
  • Nov 17, 2014 7:43am Nov 17, 2014 7:43am
Quoting musicant
{quote} I did some statistical research and got that the best trade goes in the second or third same-color candle, not the fourth or fifth or first )))
Following the rules I waited for ASH turned into red...
  • #21,728
  • Nov 17, 2014 7:43am Nov 17, 2014 7:43am
Quoting piphunt3r
{quote} He told me that he don't use the daily open line. Instead he prefers the daily pivot.

could be, but even his pivot is different than mine, but it only shows that if you trade with what you have.. you will be able to make it anyway..

Udine
Sleep less, live fast, as it aint gonna last
  • #21,729
  • Nov 17, 2014 7:47am Nov 17, 2014 7:47am
Trade #3 o/t day: AUDUSD to TP.

flx69
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  • #21,730
  • Nov 17, 2014 7:49am Nov 17, 2014 7:49am
Quoting Udine
{quote} could be, but even his pivot is different than mine, but it only shows that if you trade with what you have.. you will be able to make it anyway.. Udine
Yes

The important thing is that we all take the banks money :-)
  • #21,731
  • Nov 17, 2014 7:51am Nov 17, 2014 7:51am
Quoting sEit89
Guys, anything wrong here please? {image}
@sEit89
I would suggest you take no trades if the DP is within 10 pips of your pending, until you get more experience.
That way probabilities of a winner are higher.

flx69
  • #21,732
  • Nov 17, 2014 7:52am Nov 17, 2014 7:52am
Udine what I made wrong?
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  • #21,733
  • Nov 17, 2014 7:53am Nov 17, 2014 7:53am
Trade #4 o/t day, a rather unfortunate one: GBPAUD to SL.

flx69
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  • #21,734
  • Nov 17, 2014 7:54am Nov 17, 2014 7:54am
Quoting Kubiasty
Udine what I made wrong? {image}

bottom left corner... RmDn is red... no more shorts !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #21,735
  • Nov 17, 2014 7:55am Nov 17, 2014 7:55am
Quoting Kubiasty
Udine what I made wrong? {image}
ADR fully maxed out and RmDn in Red.

flx69
  • #21,736
  • Nov 17, 2014 7:59am Nov 17, 2014 7:59am
Quoting Udine
{quote} bottom left corner... RmDn is red... no more shorts !!! Udine
Ahhhhh !!!

If RmDn is red so = no more sell ?

So when no longs ? no RmUp is red too ?
  • #21,737
  • Nov 17, 2014 8:01am Nov 17, 2014 8:01am
Udine, thanks for your kind words. You showed people here a way how to get quick and quite high probability trades.

One should however understand that all the rules laid here are for help to have a better orientation in that jungle out there.

All it boils down to simply, trade with momentum of a trend.

Entry at level according to price position to reference line with SL 10 and TP 5.

Hint: If long, it helps to enter above red candle (body) and if short below green..... :nerd:

Green pips to all !
  • #21,738
  • Nov 17, 2014 8:02am Nov 17, 2014 8:02am
Quoting flx69
{quote} ADR fully maxed out and RmDn in Red. flx69
When ADR is full ? when its 100 and above 100> +?
  • #21,739
  • Nov 17, 2014 8:03am Nov 17, 2014 8:03am
Quoting flx69
{quote} @sEit89 I would suggest you take no trades if the DP is within 10 pips of your pending, until you get more experience. That way probabilities of a winner are higher. flx69
Thank you flx69,

Do you mean, no pending orders 10 pips away from the current price? In this example, I should put the pending order when price reached 116.210 or above?
Attached Image
  • #21,740
  • Nov 17, 2014 8:04am Nov 17, 2014 8:04am
Quoting Kubiasty
{quote} Ahhhhh !!! If RmDn is red so = no more sell ? So when no longs ? no RmDn is green or red too ?

check the trhead... mentioned a few times already

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