As simple as possible: 00 level trading | Page 1132 | Forex Factory

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As simple as possible: 00 level trading

  • #22,621
  • Nov 24, 2014 10:42am Nov 24, 2014 10:42am
Quoting snail69
EU +22 Maybe just close for today. {image} {image}
Hi Snail although Udine method is a quick 5 pips , its nice when you can move the stop to break even and go for a biggy
  • #22,622
  • Nov 24, 2014 10:46am Nov 24, 2014 10:46am
Udine,

Not as good as you guys but working on it. The light finally went on! Thanks for your hard work for making it so simple....


thanks
Lionsden
Attached Image
  • #22,623
  • Nov 24, 2014 10:51am Nov 24, 2014 10:51am
Quoting snail69
After some research over weekend I set SL according to situation to 15 pips. TP in that case : let it go, as far as it goes. (not for novices...) So far good. EJ, GJ, EU ( all Udine's pairs) GJ entry a bit earlier, only in case of harami. :nerd: {image} {image} {image} {image}
just out of idle curiosity. How do you define for yourself " let it go, as far as it goes"?
  • #22,624
  • Nov 24, 2014 10:57am Nov 24, 2014 10:57am
What went wrong here ????
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m15.png Size: 64 KB
  • #22,625
  • Nov 24, 2014 11:07am Nov 24, 2014 11:07am
Quoting Kubiasty
What went wrong here ???? {image}

If you add Pivots to your screen you will see why you got the bounce.

regards
Lionsden
  • #22,626
  • Nov 24, 2014 11:09am Nov 24, 2014 11:09am
Quoting piphunt3r
{quote} just out of idle curiosity. How do you define for yourself " let it go, as far as it goes"?
Pip , first part of your question - support and resistance, second part - PA, S/R, Harmonics.

Summa sumarrum - hours in front of screen. :nerd:
  • #22,627
  • Nov 24, 2014 11:11am Nov 24, 2014 11:11am
Can not help it.

AU +13

Short off S1, after 3 white soldiers, Exit at MS2.
Attached Image (click to enlarge)
Click to Enlarge Name: pAUDUSD+M15.png Size: 39 KB
  • #22,628
  • Nov 24, 2014 11:53am Nov 24, 2014 11:53am
Thanks mastermind,..just a couple questions:

1. for the entry, do you use the high or the low devired from the last 1hr ( I see the large candle on tf 15 min...large candle show us what the market dis last hr ans the tf 15 min show the detail for this 1 hr candle. I know...if up the daily open line is a buy or if is down... it is a sell or you waiting for the 00 level??

2. how the use the Rgh and Rgl line...
I saw also an indicator to show us the H1, H4, D1, is it better for the strategy??

3. How do you calculate the lot size if you wab to to reach 1% ? some peoples have different methods to calculate that...

4. do you a spécifique time for trading this methods ( open London market, Open Ny market???

5. On the 15min tf if i saw a red large candle and the market is up from the daily opel line...I supposed that is a retracement... do you the top of the 1hr candle to enter the market?? similar qusetion 1 or more explication for what I wan to know


thank you


Liberty55
  • #22,629
  • Nov 24, 2014 11:57am Nov 24, 2014 11:57am
Quoting Kubiasty
What went wrong here ???? {image}

Kubi, let me help you here. Give you hint, then you must help yourself.
Enclosed 2 kinds of charts to give you a different perspective on the same thing.
Google "2B", shown clearly by line chart.
Then candle chart shows a hammer right under Daily Pivot.
Then you may have a look at Evening Star, through google. :nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD 2B.png Size: 111 KB
Click to Enlarge Name: EURUSD 2Ba.png Size: 138 KB
  • #22,630
  • Nov 24, 2014 12:03pm Nov 24, 2014 12:03pm
Quoting snail69
{quote} Kubi, let me help you here. Give you hint, then you must help yourself. Enclosed 2 kinds of charts to give you a different perspective on the same thing. Google "2B", shown clearly by line chart. Then candle chart shows a hammer right under Daily Pivot. Then you may have a look at Evening Star, through google. :nerd: {image} {image}
Thanks mate, there were no talking about pivots in this strategy. I'll be careful for that from now.
  • #22,631
  • Nov 24, 2014 12:13pm Nov 24, 2014 12:13pm
Quoting Kubiasty
{quote} Thanks mate, there were no talking about pivots in this strategy. I'll be careful for that from now.
Attached Image (click to enlarge)
Click to Enlarge Name: rules.png Size: 51 KB
  • #22,632
  • Edited 11:48pm Nov 24, 2014 1:15pm | Edited 11:48pm
Let's see. CJ short.. Did not like PA , closed.

End of the day.

Edit: price eventually reached SD level later
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPY+M15.png Size: 100 KB
Click to Enlarge Name: CADJPY+sd.png Size: 163 KB
Attached Image
  • #22,633
  • Nov 24, 2014 1:54pm Nov 24, 2014 1:54pm
Mi Amigo Snail69, you are pip machine, when i grow up i want to be like you!! jajajaaj . Are you a full time trader?
FREEDOM IS NOT FREE
  • #22,634
  • Nov 24, 2014 2:24pm Nov 24, 2014 2:24pm
Snail69, GRACIAS MUCHAS GRACIAS, THANKS FOR THE BOOK!!!
FREEDOM IS NOT FREE
  • #22,635
  • Nov 24, 2014 2:35pm Nov 24, 2014 2:35pm
Quoting tantor1973
Snail69, GRACIAS MUCHAS GRACIAS, THANKS FOR THE BOOK!!!
You are welcome. Hope it helps.
  • #22,636
  • Nov 24, 2014 5:09pm Nov 24, 2014 5:09pm
Quoting bubincka
Hi wongsiio, I consider your entry correct as per M15 strategy. I also took this trade and it ended with a loss. One thing that could make this trade risky was that fact that price was already above DR1. However after SL was hit, it run more than 40 pips up! Sometimes it happens, maybe the right thing should have been not take this setup. {image}
I saw several examples of that situation and I decided to ignore the set up after a candle without a wick. Maybe it will be helpful to somebody.
  • #22,637
  • Nov 24, 2014 6:56pm Nov 24, 2014 6:56pm
Lots of movement on the yen pairs this morning ............

Good luck everyone

Masterrmind............
Master your Mind then Master your Trades
  • #22,638
  • Nov 24, 2014 7:27pm Nov 24, 2014 7:27pm
gov KURUDA SPEAK
FREEDOM IS NOT FREE
  • #22,639
  • Nov 24, 2014 8:31pm Nov 24, 2014 8:31pm
Trade #1

NZDJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB


Comment: 2 pips on shorting the EU ... cut it short!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 41 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #22,640
  • Nov 24, 2014 8:57pm Nov 24, 2014 8:57pm
Trade #2

GBPAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB


Comment: Great example of patience and waiting for price action to open the pending order!

Masterrmind...........
Master your Mind then Master your Trades
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