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As simple as possible: 00 level trading

  • #21,801
  • Nov 18, 2014 2:21am Nov 18, 2014 2:21am
Buenos días familia,

Trade #1 o/t day: GJ out by TS.

flx69
Attached Image
  • #21,802
  • Nov 18, 2014 2:23am Nov 18, 2014 2:23am
Hi all,

Good to see so many finished for the day.

Clarification of Rule 2 please.

Attached Image


GJ and EJ both went south at the London open crossing the 145.700.

Confirming that I must now stay on the sidelines till the start of the next hour even though the market is now resuming its uptrend.

Thank you,
Rapid
  • #21,803
  • Nov 18, 2014 2:23am Nov 18, 2014 2:23am
GBPUSD SL-10
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  • #21,804
  • Nov 18, 2014 2:26am Nov 18, 2014 2:26am
GJ to SL.... Looks like a valid set up
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  • #21,805
  • Nov 18, 2014 2:28am Nov 18, 2014 2:28am
Good Morning Friends, I would leave my thick bars like the Heiken, configuration changes alone.



http://prntscr.com/57k3kc
  • #21,806
  • Nov 18, 2014 2:29am Nov 18, 2014 2:29am
Quoting arkan1976
GBPUSD SL-10
Arkan, if you are trading the 15M setup (wich looks like it considering you're entry @ 50 level) then you entered one bar late.
Persistence will get it. Consistency will keep it.
  • #21,807
  • Nov 18, 2014 2:30am Nov 18, 2014 2:30am
Quoting Udine
{quote} Udine
u know Udine, I am glad that this strategy requires more human involvement to make it work properly (experienced eyes) . If its pure mechanical just those few simple rules, there will be program tradings kicking in pretty soon, from both retail and institutional traders. Then the edge will be gone and no money left for little guys like us to make.
  • #21,808
  • Nov 18, 2014 2:33am Nov 18, 2014 2:33am
Quoting rapidedward
Hi all, Good to see so many finished for the day. Clarification of Rule 2 please. {image} GJ and EJ both went south at the London open crossing the 145.700. Confirming that I must now stay on the sidelines till the start of the next hour even though the market is now resuming its uptrend. Thank you, Rapid

previous candle closed above the 145.7, so the pending is set @ 145.800 (1H strategy)

patience grasshopper

Udine
Sleep less, live fast, as it aint gonna last
  • #21,809
  • Nov 18, 2014 2:34am Nov 18, 2014 2:34am
EJ, GJ to BE. Was too scared to hold them with EURUSD and GBPUSD near pivot points.

Udine, when you trade EJ and GJ, do you watch USDJPY and EURUSD/GBPUSD moves as well, looking at S/R points at these pairs and accounting them in your EJ and GJ trades?
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  • #21,810
  • Nov 18, 2014 2:37am Nov 18, 2014 2:37am
2nd trade london open 5 pips done for the day back to bed since is 430 in the morning, wake up at 230 am for ff open and london, have to love it
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY LONDON OPEN.png Size: 78 KB
FREEDOM IS NOT FREE
  • #21,811
  • Nov 18, 2014 2:38am Nov 18, 2014 2:38am
Quoting leorc
{quote} I wouldnt take this trade cuz the price just made a big retracement, and the potential entry lays right where last hour's high is. The entry is valid according to the rules, but its unfavorable to trained eyes.
But entry is not according the rules, look at indicator in the bottom of his screen, bars changed color two bars before entry, so entry should be one bar earlier.
Persistence will get it. Consistency will keep it.
  • #21,812
  • Nov 18, 2014 2:38am Nov 18, 2014 2:38am
Quoting tantor1973
Bubinka, could you post the trend indicator, on your charts at the top right corner i have the one for 1h 1d i am missing th4 4h
Hi Tantor,
it's the original from Udine's to which I added H4. Here it is, don't be fooled by its name.

Best, Bubincka.
Attached File(s)
File Type: mq4 UFX TREND multiMeter H4-H1.mq4   10 KB | 546 downloads
Porta itineris dicitur longissima esse
  • #21,813
  • Nov 18, 2014 2:39am Nov 18, 2014 2:39am
Quoting Chake
{quote} Arkan, if you are trading the 15M setup (wich looks like it considering you're entry @ 50 level) then you entered one bar late.
Thankyou very much for response.
sorry, why is not correct the entry ?
Must wait a retractment ?
  • #21,814
  • Nov 18, 2014 2:42am Nov 18, 2014 2:42am
Quoting Stingr
EJ, GJ to BE. Was too scared to hold them with EURUSD and GBPUSD near pivot points. Udine, when you trade EJ and GJ, do you watch USDJPY and EURUSD/GBPUSD moves as well, looking at S/R points at these pairs and accounting them in your EJ and GJ trades? {image}

nope I dont watch USDJPY..

I only have 4 charts on my laptop screen ..

here is how I have my screen set up... KISS !!!

that is how I decide when to trade or not.... nothing fancy..

no trendlines , just left eye and right eye

Udine
Attached Image (click to enlarge)
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Sleep less, live fast, as it aint gonna last
  • #21,815
  • Nov 18, 2014 2:42am Nov 18, 2014 2:42am
3 trades

AU +5
UJ +5
EJ missed 2x
CJ +5
Attached Images
  • #21,816
  • Nov 18, 2014 2:42am Nov 18, 2014 2:42am
Bubinka mi amigo gracias, you have a great day!!
FREEDOM IS NOT FREE
  • #21,817
  • Nov 18, 2014 2:45am Nov 18, 2014 2:45am
so far i have 3winners and 1 loser, by the looks of it, this system doesnt work well with ecn brokers because of the commision that you have to pay.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #21,818
  • Nov 18, 2014 2:46am Nov 18, 2014 2:46am
Quoting arkan1976
{quote} Thankyou very much for response. sorry, why is not correct the entry ? Must wait a retractment ?
Sorry Arkan, i should have mentioned that offcourse, 15M system trades on colour change off the indicators, in you're example the indicators changed to green two bars before you're entry.
So you should have entered one bar ealier. (and aply the other rules aswell offcourse)
Persistence will get it. Consistency will keep it.
  • #21,819
  • Nov 18, 2014 2:47am Nov 18, 2014 2:47am
Quoting Udine
{quote} nope I dont watch USDJPY.. I only have 4 charts on my laptop screen .. here is how I have my screen set up... KISS !!! that is how I decide when to trade or not.... nothing fancy.. no trendlines , just left eye and right eye Udine {image}

BTW, Flx69 and another trader are here with me and know that there is nothing else on my screens...

thats all I need...

Udine
Sleep less, live fast, as it aint gonna last
  • #21,820
  • Nov 18, 2014 2:49am Nov 18, 2014 2:49am
Quoting Soros
so far i have 3winners and 1 loser, by the looks of it, this system doesnt work well with ecn brokers because of the commision that you have to pay.

that is your opinion, not mine

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