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As simple as possible: 00 level trading

  • #25,521
  • Jan 8, 2015 10:07pm Jan 8, 2015 10:07pm
Quoting Udine
{quote} no need to ask, as it wont be shared.. Udine
Hello Udine, no problem to share it. It's no other than the PsyLevels which was mentioned many times already. Prior to the integration in our program it was used as a standalone template but much more useful as an integrated indicator.

Attached Image (click to enlarge)
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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #25,522
  • Jan 8, 2015 10:32pm Jan 8, 2015 10:32pm
Quoting JibalaPasan
{quote} Hello Udine, no problem to share it. It's no other than the PsyLevels which was mentioned many times already. Prior to the integration in our program it was used as a standalone template but much more useful as an integrated indicator. {image} Jibala
Thank you!
  • #25,523
  • Jan 8, 2015 10:43pm Jan 8, 2015 10:43pm
Quoting fakeylover
{quote} Thank a lot for the reply... this worth... on the loss of GJ I think that the entry was valid... when i put the order at close of the H1 candle all the order were green in agreement with the green D1 per quanto riguarda UJ è stata colpa mia in quanto il livello per l'ingresso era 119 su EJ credo che l'ingresso fosse valido secondo la strategia per il 15m... l'unica cosa che mi lascia pensare è il fatto di essere sotto Rgl the only trade that agrees with the fact that they do not sell all the indicators are green GU although the strategy...

GJ: not the best of entries, inside bar on the left, but can enter... ended in loss.. shit happens
UJ: not a low risk entry.. as you have to look for reasons not to take a trade: HA and ASH red = no low risk = NO TRADE !!!
EJ: ADR had been reached already (price below RgL) = not a low risk entry =NO TRADE !!!
GU: not a low risk entry... HA, ASH and MTFASH are green, why the hell go short??? = NO TRADE !!!

It has been said many times: look for reasons not to trade... if you cannot find any... then you have found a low risk entry !!

The rules are guidelines, you still need to use your head, left eye and right eye

Udine
Sleep less, live fast, as it aint gonna last
  • #25,524
  • Jan 8, 2015 10:45pm Jan 8, 2015 10:45pm
Quoting WootWoot
Hi Udine, Quick question do you care if the .00 is the current day high/low? For example the day high was formed at 100.50 at 3pm. At 4pm the price revisits 100.50. do you place a buy stop at 100.50? Sorry if this has been asked before i only read the first 40 pages Thanks!
If the price has not been tested earlier in the day I might take it, if all lines up nicely, but if that level has been tested a few times I let it pass

Udine
Sleep less, live fast, as it aint gonna last
  • #25,525
  • Jan 8, 2015 10:56pm Jan 8, 2015 10:56pm
Quoting Udine
{quote}It has been said many times: look for reasons not to trade... if you cannot find any... then you have found a low risk entry !! The rules are guidelines, you still need to use your head, left eye and right eye Udine


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #25,526
  • Jan 9, 2015 12:25am Jan 9, 2015 12:25am
Quoting JibalaPasan
{quote} Hello Udine, no problem to share it. It's no other than the PsyLevels which was mentioned many times already. Prior to the integration in our program it was used as a standalone template but much more useful as an integrated indicator. {image} Jibala
Thanks Jibala for sharing, you only enter long trade when all TF is green + udine rules, am i right? any other modification of your own?
  • #25,527
  • Jan 9, 2015 1:23am Jan 9, 2015 1:23am
I took the EURJPY Short at Frankfurt open. I think my mistake was that I was only supposed to take .400 .500 or .600. I opened at .800.

10 Burpees
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  • #25,528
  • Edited 1:55am Jan 9, 2015 1:38am | Edited 1:55am
Good morning,

Could someone tell me if long nzdusd taken at the begining of this hour at 0.783 was a correct trade(H1 method)?
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  • #25,529
  • Jan 9, 2015 1:49am Jan 9, 2015 1:49am
Quoting gigicualex
Good morning, Could someone tell me if long nzdusd taken at the begining of this hour at 0.783 was a correct trade(H1 method)?

please post the chart

Udine
Sleep less, live fast, as it aint gonna last
  • #25,530
  • Jan 9, 2015 2:03am Jan 9, 2015 2:03am
Quoting gigicualex
Good morning, Could someone tell me if long nzdusd taken at the begining of this hour at 0.783 was a correct trade(H1 method)? {image}
You are missing your ASH, HA and MTF_ASH indicators.. 2 of which were red at the time.

Price is also trading around the daily open which is risky.

Vlad
  • #25,531
  • Jan 9, 2015 2:05am Jan 9, 2015 2:05am
Quoting gigicualex
Good morning, Could someone tell me if long nzdusd taken at the begining of this hour at 0.783 was a correct trade(H1 method)? {image}
Attached Image (click to enlarge)
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  • #25,532
  • Jan 9, 2015 2:09am Jan 9, 2015 2:09am
Quoting Vlad13685
I took the EURJPY Short at Frankfurt open. I think my mistake was that I was only supposed to take .400 .500 or .600. I opened at .800. 10 Burpees {image}
Take a look at 1hr TF and zoom out a bit... Now tell me if that was a A++ setup?
  • #25,533
  • Jan 9, 2015 2:13am Jan 9, 2015 2:13am
Quoting moretti12
{quote} Take a look at 1hr TF and zoom out a bit... Now tell me if that was a A++ setup?
Bumping a big support line! Didn't see that, thanks!

Realizing now how vital price action is to this system.

Vlad
  • #25,534
  • Jan 9, 2015 2:15am Jan 9, 2015 2:15am
Many trailing stop lately for me.

I think it is better for my style of 00 level trading to deactivate it.
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  • #25,535
  • Jan 9, 2015 2:47am Jan 9, 2015 2:47am
Quoting moretti12
{quote} {image}
Thanks moretti for explanation.
I don't have that indi as I couldn't find it in post 1 or 4, I thought is smth added by someone outside the scope of this strategy
  • #25,536
  • Jan 9, 2015 2:51am Jan 9, 2015 2:51am
Quoting gigicualex
{quote} Thanks moretti for explanation. I don't have that indi as I couldn't find it in post 1 or 4, I thought is smth added by someone outside the scope of this strategy

maybe you should read the thread???

Udine
Sleep less, live fast, as it aint gonna last
  • #25,537
  • Jan 9, 2015 2:56am Jan 9, 2015 2:56am
Quoting Udine
{quote} maybe you should read the thread??? Udine
Yes planning to do this, started this week, long way to go
  • #25,538
  • Jan 9, 2015 3:06am Jan 9, 2015 3:06am
market clearly waiting for the news... so great patience training

Udine
Sleep less, live fast, as it aint gonna last
  • #25,539
  • Jan 9, 2015 3:40am Jan 9, 2015 3:40am
Taking it very slow today and waiting for the dust to settle after the GU News.
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  • #25,540
  • Jan 9, 2015 3:58am Jan 9, 2015 3:58am
Quoting JibalaPasan
{quote} Hello Udine, no problem to share it. It's no other than the PsyLevels which was mentioned many times already. Prior to the integration in our program it was used as a standalone template but much more useful as an integrated indicator. {image} Jibala
Hi Jibala, I like this use of the PsyLevel, had a simular type of heatmap, based on the 200sma on the H1 charts, that worked well to determine strongest trading pairs to trade. Think I still compiled my screen with the MAtriggersystem indicator or Shark indicator. I however stopped trading the Higher Pairs.

Nice, actually all I wanted to say.
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