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As simple as possible: 00 level trading

  • #25,441
  • Jan 7, 2015 8:48pm Jan 7, 2015 8:48pm
Quoting liberty55
hi jilaba, how many pair do you Watch??? do you have a panel board to show you witch pair is good to trade???
Read the thread and you'll find the answer!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #25,442
  • Jan 7, 2015 8:54pm Jan 7, 2015 8:54pm
Quoting moretti12
{quote} so you dont move ur stop to break even before your tp either?
If I don't use any TS why I should move it manually then?

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #25,443
  • Jan 7, 2015 9:54pm Jan 7, 2015 9:54pm
Quoting JibalaPasan
{quote} Read the thread and you'll find the answer! Jibala

@liberty55 Post 23.572 from Dec 02 2014 gives you the answer:
Quoting JibalaPasan
{quote} The automated trading is not based on any time frames. It is based on raw tick data coming from metatrader and it uses price action and strength (asm & rsm). SL 10 with TP 7.5 If I trade manually I use m30 chart and both entries 50 + 00(0) with TP of 7.5 pip. The crv is changing amazingly! 2 winner + 1 loser = still + 5 pip Jibala


since then Nasap changed the take profit from the program. Post 25.254 from Jan 2 2015

Quoting JibalaPasan
{quote} We are not experimenting with a new set of TP it is a very simple formula if you analyze some hundreds of trades. We've analyze that in most of the trades the 1st move is good for 10 pip or a bit more even. Thus the formula for TP is 10 - (spread + comm.) = ~8.2 to 9.3. SL is still the same, therefore our RR has become much better. All depends on price action & strength! Jibala
  • #25,444
  • Jan 7, 2015 11:16pm Jan 7, 2015 11:16pm
Trade #5 CADJPY (manual)

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2015.01.08_13h03m16s_052_.png Size: 23 KB


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #25,445
  • Jan 8, 2015 12:14am Jan 8, 2015 12:14am
Arvo JibalaPasan. pm dosent seem to be working ... can I ask "are you only using 30 min charts for entry now?"
Whats That? you're trading What?
  • #25,446
  • Jan 8, 2015 12:31am Jan 8, 2015 12:31am
Trade #6 CADJPY (manual)

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2015.01.08_14h24m54s_054_.png Size: 24 KB


Done prior to LO, FFFO & NYO even!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #25,447
  • Jan 8, 2015 12:37am Jan 8, 2015 12:37am
Quoting Qed
Arvo JibalaPasan. pm dosent seem to be working ... can I ask "are you only using 30 min charts for entry now?"
If trading manually then only on 30m chart because it's also used as controlling for the automated trading.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #25,448
  • Jan 8, 2015 1:43am Jan 8, 2015 1:43am
Good morning all,

new day new opportunities..

PDF & BCC

Udine
Sleep less, live fast, as it aint gonna last
  • #25,449
  • Jan 8, 2015 2:08am Jan 8, 2015 2:08am
Quoting JibalaPasan
Again a very successful start. Trade #1 USDJPY #2 AUDJPY #3 GBPJPY #4 EURJPY {image} {image} {image} {image} Wish you all a green day! Jibala
Why was that e​ntry on AJ?

​​Numberman
  • #25,450
  • Jan 8, 2015 2:14am Jan 8, 2015 2:14am
Morning Guys, also having a good start to the day, 2x TP on the GU this morning.

Hope you all have a good and green day!
  • #25,451
  • Jan 8, 2015 2:27am Jan 8, 2015 2:27am
Quoting Masterrmind
{quote} Just wondering how you might handle an M15 candle that closes aggressively away from you with no thought of a SL in place....
To me its very clear and set on stone. TP and SL at close of M15 candle knowing in mind that 7/10 it will go according to plan. Just wait.

Once I saw a -12 and -4 together with EY and GY happened in NY open. But that day made more than 40+

The worst end of day close (2 hours after NY open) was with 4 succeeding losses but it ended at +23


Quoting diallist
{quote} . Are you exiting the trade at the close of the M15 candle that triggered the entry, or the candle that hit the +5 target?
candle that hit the +5 target

I'm on it too, GU +19. It's market open hour anyway, just let it ride. 28 more days of observation.

Stay focused and more black pips yo everyone.
Attached Image (click to enlarge)
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  • #25,452
  • Jan 8, 2015 2:31am Jan 8, 2015 2:31am
Quoting bluexpec
Morning Guys, also having a good start to the day, 2x TP on the GU this morning. Hope you all have a good and green day!


Udine
Sleep less, live fast, as it aint gonna last
  • #25,453
  • Edited 2:50am Jan 8, 2015 2:37am | Edited 2:50am
Quoting yelena
{quote} To me its very clear and set on stone. TP and SL at close of M15 candle knowing in mind that 7/10 it will go according to plan. Just wait. Once I saw a -12 and -4 together with EY and GY happened in NY open. But that day made more than 40+ The worst end of day close (2 hours after NY open) was with 4 succeeding losses but it ended at +23 {quote}candle that hit the +5 target I'm on it too, GU +19. It's market open hour anyway, just let it ride. 28 more days of observation. Stay focused and more black pips yo everyone. {image}
Hi yelena

Do you do away with your Hard Stop at 100 as well? Do you have some sort of emergency stop level?
  • #25,454
  • Jan 8, 2015 2:46am Jan 8, 2015 2:46am
Thanx Jibala.
Whats That? you're trading What?
  • #25,455
  • Jan 8, 2015 3:03am Jan 8, 2015 3:03am
Decided to let the EU Short run a bit after having a nice breakout level. +15pips on that one for me.

Puts me on +4.64% for the day so far.
Attached Image (click to enlarge)
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  • #25,456
  • Jan 8, 2015 3:10am Jan 8, 2015 3:10am
Good morning all,

My first trade of today (M15 system): USDCHF to TP.

LuXing
Attached Image (click to enlarge)
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Wisdom begins in wonder
  • #25,457
  • Jan 8, 2015 3:10am Jan 8, 2015 3:10am
Quoting bluexpec
Decided to let the EU Short run a bit after having a nice breakout level. +15pips on that one for me. Puts me on +4.64% for the day so far. {image}

great now stop for the day and come back tomorrow

Udine
Sleep less, live fast, as it aint gonna last
  • #25,458
  • Jan 8, 2015 3:15am Jan 8, 2015 3:15am
Quoting Vlad13685
{quote} Hi yelena Do you do away with your Hard Stop at 100 as well? Do you have some sort of emergency stop level?

This system trades away from red news. So PA is relatively stable and consistent. Therefore, stops are counter-intuitive IMHO. No hard stop no trailing stop. Just close of M15 candle that bears the should-have-been-5-pips.

Instead of looking at charts I look only at the time. Patience means

Still on testing phase. 28 more days.
  • #25,459
  • Jan 8, 2015 3:21am Jan 8, 2015 3:21am
+5 pips from the EJ long, took a H1 entry on this one
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.PNG Size: 21 KB
  • #25,460
  • Jan 8, 2015 3:21am Jan 8, 2015 3:21am
Quoting bluexpec
Morning Guys, also having a good start to the day, 2x TP on the GU this morning. Hope you all have a good and green day!
sorry, wrong quote!
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
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