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As simple as possible: 00 level trading

  • #24,281
  • Dec 9, 2014 2:11am Dec 9, 2014 2:11am
Quoting tantor1973
{quote} snail mi amigo, thanks, starting to see the things that you see in the charts reading a lot!!
How does it feel ?
  • #24,282
  • Dec 9, 2014 2:14am Dec 9, 2014 2:14am
Quoting snail69
{quote} how does it feel ?
it feels great!!! Thanks!!!
FREEDOM IS NOT FREE
  • #24,283
  • Dec 9, 2014 2:16am Dec 9, 2014 2:16am
Quoting snail69
{quote} Good Morning. Glad to see Udine is back. Aim, the same here... It was very quick today and day just started. GU +14 back into trend after pullback. {image}
Snail, I noticed correlation in GBPUSD, EURUSD and NZDUSD. These three will be winners with the first 00 entry.

Need to work on my multiple entry in the future..

Good entry on the USDJPY however it was risky for me due to price being close to Round Number and RgL. Glad it work out for you.
  • #24,284
  • Dec 9, 2014 2:18am Dec 9, 2014 2:18am
Good morning all, Udine good to see you're back on you're feet again.

first trade EU to TP.
Attached Image

Time for coffee!
Persistence will get it. Consistency will keep it.
  • #24,285
  • Dec 9, 2014 2:20am Dec 9, 2014 2:20am
Quoting snail69
UJ +15 hesitation right under RN and around S1 {image}
its too risky to trade near RnL and S1.
  • #24,286
  • Dec 9, 2014 2:20am Dec 9, 2014 2:20am
Good morning everyone.

Good to see your better Udine.

Got +5 TP on EU (cant post chart right now)


Asmodai
  • #24,287
  • Dec 9, 2014 2:39am Dec 9, 2014 2:39am
Quoting snail69
{quote} You painted AB =CD , then where acc to that went price ?
slowly but surely i get the confidence to adjust my TP when i see such golden opportunites day after day

Example from USD/CHF today
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_10.png Size: 35 KB
  • #24,288
  • Dec 9, 2014 3:29am Dec 9, 2014 3:29am
EU: I try to catch a 10 pips TP, out by ts at +2 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EU ts.PNG Size: 78 KB
  • #24,289
  • Dec 9, 2014 3:44am Dec 9, 2014 3:44am
Quoting Udine
great to see a lot of people are able to pick up green pips.. BTW a great thx to MM and Snail for "defending the fort" (answering all the questions) while I was down.. Cheers and stay green Udine
Very happy to hear you are back to trading Udine.

Have a great week!

Masterrmind............
Master your Mind then Master your Trades
  • #24,290
  • Dec 9, 2014 3:46am Dec 9, 2014 3:46am
Quoting piphunt3r
{quote} yes you are right. Udines pair EU,GU,EJ,GJ are my main pairs. When nothing is going on on these pairs, i look around on other pairs. I simply cant resist when i see opportunities like USD/CAD bounce back from DO this morning for example {image}
Good thinking.....

Watch those CAD pairs though..........

Good trading to you........

Masterrmind............
Master your Mind then Master your Trades
  • #24,291
  • Dec 9, 2014 4:09am Dec 9, 2014 4:09am
AU -10
Attached Image (click to enlarge)
Click to Enlarge Name: AUsl.PNG Size: 81 KB
  • #24,292
  • Dec 9, 2014 4:20am Dec 9, 2014 4:20am
Quoting fakeylover
AU -10 {image}
Selling ? Why ? All green.

Next destination is 0.8300
  • #24,293
  • Dec 9, 2014 4:23am Dec 9, 2014 4:23am
RmDN was red but GBP was very weak... i try to short GJ out by TS
Attached Image (click to enlarge)
Click to Enlarge Name: GJts.PNG Size: 89 KB
  • #24,294
  • Dec 9, 2014 4:27am Dec 9, 2014 4:27am
Quoting snail69
{quote} Selling ? Why ? All green. Next destination is 0.8300
My mistake!!!
  • #24,295
  • Dec 9, 2014 4:30am Dec 9, 2014 4:30am
Fakey, i think your picking very risky spots, try to get high probability trades.

Asmodai
  • #24,296
  • Dec 9, 2014 4:30am Dec 9, 2014 4:30am
Quoting fakeylover
RmDN was red but GBP was very weak... i try to short GJ out by TS {image}
better stick to the rules and trade only high probability trades.

I don't want to have a heartattack during trading. How about you?
  • #24,297
  • Dec 9, 2014 4:35am Dec 9, 2014 4:35am
Trade #2

EURCAD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB


Done for the day!

Masterrmind...........
Master your Mind then Master your Trades
  • #24,298
  • Dec 9, 2014 4:36am Dec 9, 2014 4:36am
Quoting pgpb
This daily range indicator (xADR_0.2renkdo) seems to slow down my charts/computer Anyone use an alternate? thanks! {file}

The renko indi is clearly not very optimized and upload 20 days of historical data which consumes a stupid amount of IOs (mem, CPU, bandwidth).
If you go through the thread, you will see a couple of alternatives, none of them is perfect.

So ... I have modified the original renko to fit my needs :
- uses 10 days of historical data (please note that ADR/10 can have a 5% difference compare to ADR/20)
- add Spread (Warning Color orange if spread is > 1.0 and red > 1.5)
- add currency pair and timeframe
- Corner 3 (bottom right) by default, but it can be changed --> DisplayC

it looks like that :
Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 18 KB


My PC (i5 + 6GB of mem) is not hanging anymore, and MT4 starts much faster
Attached File(s)
File Type: ex4 HT_ADR_v1.1.ex4   13 KB | 457 downloads

Attached File(s)
File Type: mq4 HT_ADR_v1.1.mq4   9 KB | 481 downloads


Please be aware that I am not a coder, so test it first.

Take care !
  • #24,299
  • Dec 9, 2014 5:21am Dec 9, 2014 5:21am
Yes guys and thanks for the advice... anyway the read was not to bad.. if don't use the ts i'm up to 20 pips.. but too risky the same...
Another TS on EJ
Attached Image (click to enlarge)
Click to Enlarge Name: Ejts.PNG Size: 95 KB
  • #24,300
  • Dec 9, 2014 5:24am Dec 9, 2014 5:24am
Trade #3 [Bonus trade #1]

CADJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB


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