As simple as possible: 00 level trading | Page 1209 | 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

  • #24,161
  • Dec 6, 2014 2:21pm Dec 6, 2014 2:21pm
Quoting fakeylover
Another +10... from an old screen shot... i think this... if price can arrive to +5 and bring us a profit why don't protect our trade and try to reach the target in just 1 trade? {image}
Several here do, but the movement of price is more likely to move 5 pips, than 10. Therefore a 5 pip TP is a higher probability trade. Many cannot see past the 2:1 RR, and fail to take into account probability of movement. I know of at least one who is using a 15 pip TP, 10 SL, ensuring some capital protection should losses occur. This system is all about making it your own. Finding what works for you. If you want a 1:1, go for it! Why not a TP of 20? Gear your trading to your risk tolerance, ability to be at the screen, and your goals.

Happy trading!
War. Is my profession.
  • #24,162
  • Dec 6, 2014 4:38pm Dec 6, 2014 4:38pm
Hello Udine and everybody here, I am in the process of reading the thread from the beginning but I had a question. I use FXCM trading station Marketscope 2.0 and I was wondering if anybody is using the WUKAR EA and Wheelbarrow EA on FXCM trading platform. I am aware that alot of people have mixed feelings about FXCM but I am not asking if any of you like them I am asking if any of you are using the EA's on FXCM trading platforms and if so could you tell me how to go about setting it up. Thanks for all the info and help you have given all of us Udine. I'm sorry if the question has already been asked and answered as I stated I am in the process of reading the thread from the beginning. Thanks again.
  • #24,163
  • Dec 6, 2014 4:41pm Dec 6, 2014 4:41pm
Quoting Checkz
Hello Udine and everybody here, I am in the process of reading the thread from the beginning but I had a question. I use FXCM trading station Marketscope 2.0 and I was wondering if anybody is using the WUKAR EA and Wheelbarrow EA on FXCM trading platform. I am aware that alot of people have mixed feelings about FXCM but I am not asking if any of you like them I am asking if any of you are using the EA's on FXCM trading platforms and if so could you tell me how to go about setting it up. Thanks for all the info and help you have given all of us Udine....
Checkz, I believe FXCM offers MT4 as a platform as well...
  • #24,164
  • Dec 6, 2014 5:34pm Dec 6, 2014 5:34pm
Excellent illustration Snail69
Whats That? you're trading What?
  • #24,165
  • Dec 7, 2014 7:59am Dec 7, 2014 7:59am
hello udin
i want to thank you for your sharing ,i have been using a system similar to yours(london break out strategy) and i have been fairly successful but i know i can be more successful with your indicators.
anyway i don't know how to appreciate for your help you dont know how much you helped me
, i hope where ever you are you'd be safe and sound
take care sir
  • #24,166
  • Dec 7, 2014 9:57am Dec 7, 2014 9:57am
Newbies, please read and think about it.

Acumen: " I do recommend one pair, (EU),... the longer you look at one pair the easier it is to pick up the nuances."

Udine: Just 4 pairs : EU, GU, EJ, GJ.

Personally have 4 pairs: EU, GU, UJ, AU and toying with idea to skip AU... (These 4 pairs account to almost 60% of forex volume)

Wish you a good start to the new week.
  • #24,167
  • Dec 7, 2014 11:08am Dec 7, 2014 11:08am
Quoting Checkz
I use FXCM trading station Marketscope 2.0 and I was wondering if anybody is using the WUKAR EA and Wheelbarrow EA on FXCM trading platform.
I have used Marketscope and FXCM's own MT4 - I understand that Marketscope is a propriety system (not MT4) and although they have many EA and indicators that they supply, I do not believe can install the likes of .ex4 or mq4 files. You could install them to their MT4 platform but I think the spreads on FXCM are too wide for this system.
  • #24,168
  • Dec 7, 2014 1:02pm Dec 7, 2014 1:02pm
Quoting TraderJak
{quote} I have used Marketscope and FXCM's own MT4 - I understand that Marketscope is a propriety system (not MT4) and although they have many EA and indicators that they supply, I do not believe can install the likes of .ex4 or mq4 files. You could install them to their MT4 platform but I think the spreads on FXCM are too wide for this system.
Thanks
  • #24,169
  • Dec 7, 2014 6:13pm Dec 7, 2014 6:13pm
Trade #1

CADJPY +5 TP

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


Masterrmind.........
Master your Mind then Master your Trades
  • #24,170
  • Dec 7, 2014 6:23pm Dec 7, 2014 6:23pm
Trade #2

EURAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB


Done for the day!

Bonus trades on the way ...market willing!

Masterrmind..........
Master your Mind then Master your Trades
  • #24,171
  • Dec 7, 2014 11:11pm Dec 7, 2014 11:11pm
I'm halfway through on page 636. Time for a break.
  • #24,172
  • Dec 8, 2014 12:24am Dec 8, 2014 12:24am
Trade #3 [Bonus trade #1]

EURCAD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB


Trade #4 [Bonus trade #2]

USDJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 46 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #24,173
  • Dec 8, 2014 12:28am Dec 8, 2014 12:28am
Quoting Masterrmind
Trade #3 [Bonus trade #1] EURCAD +5 TP {image} Trade #4 [Bonus trade #2] USDJPY +5 TP {image} Masterrmind...........
hi mr mastermind

on your trade #4 on UJ, i think there was not clear trend, why did you take that trade?
  • #24,174
  • Dec 8, 2014 12:30am Dec 8, 2014 12:30am
my first trade in eurjpy +5
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 58 KB
  • #24,175
  • Dec 8, 2014 12:41am Dec 8, 2014 12:41am
Quoting numberman
{quote} hi mr mastermind on your trade #4 on UJ, i think there was not clear trend, why did you take that trade?
PA analysis pattern from about 5 hours before entry (now almost complete....its a special PA formation...I'll leave that up to you to determine)

DO previous rejection

Mini breaks of the 500 level (although nothing too convincing)

SL tucked away nicely above recent PA

SL tucked away above mR level

EDIT: PA formation has now been completed!

Masterrmind............
Master your Mind then Master your Trades
  • #24,176
  • Dec 8, 2014 12:49am Dec 8, 2014 12:49am
Quoting numberman
{quote} hi mr mastermind on your trade #4 on UJ, i think there was not clear trend, why did you take that trade?
Number, it is finished now. You may look into harmonics.
Attached Image (click to enlarge)
Click to Enlarge Name: ppUSDJPY+M15.png Size: 113 KB
  • #24,177
  • Dec 8, 2014 12:51am Dec 8, 2014 12:51am
Quoting snail69
{quote} Number, it is finished now. You may look into harmonics. {image}
Very good snail........... I had a feeling you would be right onto that one!

Masterrmind...........
Master your Mind then Master your Trades
  • #24,178
  • Dec 8, 2014 12:51am Dec 8, 2014 12:51am
trade 2 in audjpy
trase 3 in cadjpy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpy.PNG Size: 67 KB
Click to Enlarge Name: cadjpy.PNG Size: 75 KB
  • #24,179
  • Dec 8, 2014 1:00am Dec 8, 2014 1:00am
Quoting Masterrmind
{quote} Very good snail........... I had a feeling you would be right onto that one! Masterrmind...........
Did not take it, as above DP. Will ride final leg up. :nerd: If it decides to go there...
  • #24,180
  • Dec 8, 2014 1:06am Dec 8, 2014 1:06am
Quoting snail69
{quote} Did not take it, as above DP. Will ride final leg up. :nerd: If it decides to go there...
I meant you would be right onto providing the answer not necessarily trading it.

Be patient with your intended direction and entry point.

Good trading,

Masterrmind............
Master your Mind then Master your Trades
17 traders viewing now