As simple as possible: 00 level trading | Page 1237 | Forex Factory

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As simple as possible: 00 level trading

  • #24,721
  • Dec 15, 2014 8:35am Dec 15, 2014 8:35am
Quoting Udine
{quote} same goes for your trade.. if you want to trade based on the basic guidelines of page 1, fine, but then remove the MTF ASH and the ASH, to prevent confusion for other people.. Udine
yes is right... but i'm trying to improve with indi's too...
  • #24,722
  • Dec 15, 2014 8:41am Dec 15, 2014 8:41am
Quoting fakeylover
{quote} yes is right... but i'm trying to improve with indi's too...
you need to focus, otherwise sooner or later you will start to mix things up and make mistakes and mistakes cost money..

Udine
Sleep less, live fast, as it aint gonna last
  • #24,723
  • Dec 15, 2014 8:42am Dec 15, 2014 8:42am
Quoting fakeylover
{quote} by the rules ( indi) i dont' understand this entry... the indi's at the time of your entry are not both red..
Hi fakeylover, no mistery here, simply the first 00 level (.700) after 1H open. Trade perfectly respects all the rules of H1 method.

Best, Bubincka
Porta itineris dicitur longissima esse
  • #24,724
  • Dec 15, 2014 8:47am Dec 15, 2014 8:47am
Quoting fakeylover
{quote} Price below DO, Red HA, bearish momentum after the price broke up the PP...
OK, it's your own strategy & rules-
My view is that we should only post here screenshots according to M15/H1 methods, otherwise it's misleading, above all to the newcomers, because the thread should not be the showcase for the achievements of someone. If it serves to teach something that is fine otherwise what is the reason to post here ?
Porta itineris dicitur longissima esse
  • #24,725
  • Dec 15, 2014 9:01am Dec 15, 2014 9:01am
AJ +5 , M15 strategy
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  • #24,726
  • Dec 15, 2014 9:03am Dec 15, 2014 9:03am
As usual today TS on GJ and a second after straight plus 10... doesn't matter...( i hate the beast )
EJ +5
Attached Image(s) (click to enlarge)
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  • #24,727
  • Dec 15, 2014 9:07am Dec 15, 2014 9:07am
Quoting bubincka
{quote} OK, it's your own strategy & rules- My view is that we should only post here screenshots according to M15/H1 methods, otherwise it's misleading, above all to the newcomers, because the thread should not be the showcase for the achievements of someone. If it serves to teach something that is fine otherwise what is the reason to post here ?
  • #24,728
  • Dec 15, 2014 9:08am Dec 15, 2014 9:08am
Quoting fakeylover
As usual today TS on GJ and a second after straight plus 10... doesn't matter...( i hate the beast ) EJ +5 {image} {image}

based on 15M strategy EJ was your entry too early.. color change not confirmed by all indies..
and the GJ trade your entry was too late

Udine
Sleep less, live fast, as it aint gonna last
  • #24,729
  • Dec 15, 2014 9:08am Dec 15, 2014 9:08am
Trade at 147.500 following H1 method + trade at 147.450 following M15 method (after the signal).
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  • #24,730
  • Dec 15, 2014 9:18am Dec 15, 2014 9:18am
guys, girls,

got to run..
speak tomorrow

Udine
Sleep less, live fast, as it aint gonna last
  • #24,731
  • Dec 15, 2014 9:18am Dec 15, 2014 9:18am
Quoting Udine
{quote} based on 15M strategy EJ was your entry too early.. color change not confirmed by all indies.. and the GJ trade your entry was too late Udine
On GJ when all the indiies give me the signal the price close below 185.85 and the next entry have the Daily S near to my tp so i prefer to wait the price under the DS and place my order
  • #24,732
  • Dec 15, 2014 9:24am Dec 15, 2014 9:24am
Finally a TP on GJ +5
Attached Image (click to enlarge)
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  • #24,733
  • Dec 15, 2014 9:43am Dec 15, 2014 9:43am
Hi everyone,
Complete newcomer here to the system. Was hoping someone could advise!

I've read the first post many times, installed the indicators on post 4, and also read the guide several times, but now the system appears to have deleveoped, and 1237 pages later things are looking quite a bit different (coloured bars indicator along the bottom of peoples charts?)

I was hoping someone could point me in the right direction as to where to start, or if someone could explain how to trade the system again in simpler terms.. I don't quite fully understand it all on post 1!

Really appreciate it if possible,
Much thanks in advance
  • #24,734
  • Dec 15, 2014 10:06am Dec 15, 2014 10:06am
Last trade.. EU +5

Not bad for today...

great system Udine! Still improving..
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Attached Image
  • #24,735
  • Edited 10:53am Dec 15, 2014 10:40am | Edited 10:53am
Hi

I'm hoping the traders with experience (Udine / MM / Snail69 etc) will answer some queries of mine.

Attached is a chart showing GU in a downtrend and pulling back before resuming the downtrend.

My questions relates to the entry levels:

The pullback after NY open was from a LL at 1.56450.

1. Generally, is it better to enter at a level above the last LL (in this case 1.56550 or 1.56500) and with the TP price above the last LL?

2. Or, is it better to wait for the price to go past the last LL and enter below the last LL level? (Assume the ADR Low of 1.56405 did not exist and that there was room down to the ADR Low).

3. Or, is it safer to take only the first entry at 1.56550 (irrespective of whether above last LL of 1.56450), and then wait for another pullback to enter on a continuation down?

Axiom

Edit:
Also assume there are no Support/Resistance levels or RN's in LL area.
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  • #24,736
  • Dec 15, 2014 10:42am Dec 15, 2014 10:42am
Quoting Axiom
Hi I'm hoping the traders with experience (Udine / MM / Snail69 etc) will answer some queries of mine. Attached is a chart showing GU in a downtrend and pulling back before resuming the downtrend. My questions relates to the entry levels: The pullback after NY open was from a LL at 1.56450. 1. Generally, is it better to enter at a level above the last LL (in this case 1.56550 or 1.56500) and with the TP price above the last LL? 2. Or, is it better to wait for the price to go past the last LL and enter below the last LL level? (Assume the ADR Low...
Intersting question...
  • #24,737
  • Dec 15, 2014 10:53am Dec 15, 2014 10:53am
Quoting BilboFX
{quote} Hi numberman, Congratulation for the TP, but as I can see you aren't respecting the general rules: the RmDn was RED, or I'm mistaken this rule isn't applicable in the 15m strategy? A clarification form the GURUs of the issue is welcomed. Stay Green; BilboFX
I think it will bound from PV, so there was enough strengh to push lower.
  • #24,738
  • Edited 5:55pm Dec 15, 2014 5:29pm | Edited 5:55pm
Is anyone aware of a UK broker that works for this system, currently using Alpari but the spread on GJ is 6 pips!
Any sort of PM for advice would be very appreciated
  • #24,739
  • Dec 15, 2014 5:30pm Dec 15, 2014 5:30pm
Nice setup but SL -10 UJ
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  • #24,740
  • Dec 15, 2014 5:58pm Dec 15, 2014 5:58pm
Quoting fakeylover
Nice setup but SL -10 UJ {image}
please where did you get the mtf absolute strength histogram?
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