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Trading is this Simple? Finally Explained simple and clearly! 39 replies

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As simple as possible: 00 level trading

Quoting fakeylover
{quote} impossible 'cause of spread...
Then don't take the trade.

Show me the rule that says "if you can't get in at the first cross of the 00 because of spread then take the trade at the next 00 level".
Quoting fakeylover
{quote} No resistance... the top of the range is 180.90...
Stop arguing... I may not answer.

Support/resistance is always a zone. Draw a rectangle from .750 - .900 and look how price just rejected the zone..

Do you see how choppy the chart is? nobody can predict wether it's going up or down
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
JibalaPasan, this is very helpful, you have inspired me to set up something similar.
Have you posted a currency strength meter that you use, to put a number of the strength, if so I can find it by searching your posts.
Please guys stop arguing.

It's NFP day. The youngest ID is 2013. It means you had more than 12 instances of seeing crazy Fridays on NFP day. This is a very straight forward system. But NFP is totally out of the question.

Let's go enjoy our families. It's a 3-day weekend for us. It's a treat!
HI at all, I am new and I tried to install the Template but I can not to have the same set up than fakeylovers ...I can not or I missed sometime or maybe wrong indicator ( battom of the fakeylovers charts)

can you help me???

have a nice day
Hi all,

Although we had NFP day, I still managed to get some pips.
Here are my trades for today.
Trade #1 NZDUSD -> SL: This was before my coffee, I don't know why I took it.
Trade #2 EURCAD -> TP
Trade #3 GBPAUD -> SL
Trade #4 USDCAD -> TP
Trade #5 NZDJPY -> TP
Trade #6 EURAUD -> TP
Trade #7 AUDJPY -> TP
Trade #8 EURNZD -> TP
Trade #9 USDJPY -> TP
Trade #10 GBPNZD -> TP
Trade #11 GBPUSD -> TP
Trade #12 AUDCAD -> Closed Manually
Trade #13 AUDNZD -> TP
Trade #14 AUDUSD -> TP
Trade #15 NZDJPY -> TP

I started with a 10 pip TP/SL but changed it later today to 10 pip TP and 15 pip SL, and I removed the WUKAR script for TS and BE.
Next week I will see how that works out during a whole week of trading.
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Quoting gizmo96
Hi all, Although we had NFP day, I still managed to get some pips. Here are my trades for today. Trade #1 NZDUSD -> SL: This was before my coffee, I don't know why I took it. Trade #2 EURCAD -> TP Trade #3 GBPAUD -> SL Trade #4 USDCAD -> TP Trade #5 NZDJPY -> TP Trade #6 EURAUD -> TP Trade #7 AUDJPY -> TP Trade #8 EURNZD -> TP Trade #9 USDJPY -> TP Trade #10 GBPNZD -> TP Trade #11 GBPUSD -> TP Trade #12 AUDCAD -> Closed Manually Trade #13 AUDNZD -> TP Trade #14 AUDUSD -> TP Trade #15 NZDJPY -> TP I started with a 10 pip TP/SL but changed it later...
great result! I see that you wait the close of the H1 candle to set the orders... but sometimes you put the order to the first level sometimes to the second ( i dont' know how is a .50 level and how a 00 level 'cause i can't see all the charts )... other question... why you don't use the HA and the MTFHA and use only the absolute stenght histo?
thanks for the reply...
Quoting pgpb
{quote} JibalaPasan, this is very helpful, you have inspired me to set up something similar. Have you posted a currency strength meter that you use, to put a number of the strength, if so I can find it by searching your posts.
@pgpb

This should get you on your way.

http://www.forexfactory.com/showthread.php?t=209486

LuXing
Wisdom begins in wonder
Quoting gizmo96
Hi all, Although we had NFP day, I still managed to get some pips. Here are my trades for today. Trade #1 NZDUSD -> SL: This was before my coffee, I don't know why I took it. Trade #2 EURCAD -> TP Trade #3 GBPAUD -> SL Trade #4 USDCAD -> TP Trade #5 NZDJPY -> TP Trade #6 EURAUD -> TP Trade #7 AUDJPY -> TP Trade #8 EURNZD -> TP Trade #9 USDJPY -> TP Trade #10 GBPNZD -> TP Trade #11 GBPUSD -> TP Trade #12 AUDCAD -> Closed Manually Trade #13 AUDNZD -> TP Trade #14 AUDUSD -> TP Trade #15 NZDJPY -> TP I started with a 10 pip TP/SL but changed it later...
Brilliant
The week is over and an analysis to my trading and numbers is a must ! I know this is a particular week , the holidays have just finished and there were NFP ... but an analysis to what happened can only be good . I have a percentage of TS higher than that of SL but that of TP is below 50% , and this is definitely not good ... with 4 stop ( 3 in less than done , which is absolutely doable ) and TP 16 , I would have a % of TP slightly higher than 50% , and a return rate of nearly 7% , which is more than good to start ! I have to work on those stop avoidable , I prefer to wait until the closing of the hourly candle , observe whether the indicators are in agreement with the movement and assess any obstacles , for now I do not know whether it is better to wait for the formation and closure of a candle for 15 minutes before enter, or directly place the order in the market at the close of the candle hourly when there are possibilities ... I 'd like to come on this issue ... I did a quick count to see that with a stop of 10 pips and a TP of 10 pips , at current rates , I would have had a return of 9% right in line with my current target ... this will also be evaluated ...
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Quoting fakeylover
{quote} great result! I see that you wait the close of the H1 candle to set the orders... but sometimes you put the order to the first level sometimes to the second ( i dont' know how is a .50 level and how a 00 level 'cause i can't see all the charts )... other question... why you don't use the HA and the MTFHA and use only the absolute stenght histo? thanks for the reply...
Hi fakeylover,

Thanks, I hope I can have the same results next week.
I try to combine the 2 systems, therefor I use the ASH 2.0 but I enter on the .50 or 00.
The reason for me to wait for the previous H1 to close is because I only look at the charts once per hour, I still have my day job :-)
Sometimes I take the second candle, this has 2 reasons:
I’m simply too late to get the first candle;
Or I wait for a resistance, a Pivot to be broken or a cross after 900 or 100 level.
If you want I can make screenshots of the complete screen, so that you can see it more easily.
But, if it is visible, the grey lines are from the Grid2.0 indicator (.50) and the yellow lines are from the SweetspotGold indicator.
I hope this answers your questions.
Below is a screenshot of my screen at the start of the morning.
After a trade is closed I will close the chart of that currency pair, to make sure that I only take 1 trade per pair. No matter what the outcome is (TP or SL).

Edit: Except for NZDJPY, I forgot to close the chart and I accidently took 2 trades.
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Quoting moretti12
{quote} Brilliant
Thanks, let's see if I can keep this up.
Quoting gizmo96
{quote} Hi fakeylover, Thanks, I hope I can have the same results next week. I try to combine the 2 systems, therefor I use the ASH 2.0 but I enter on the .50 or 00. The reason for me to wait for the previous H1 to close is because I only look at the charts once per hour, I still have my day job :-) Sometimes I take the second candle, this has 2 reasons: I’m simply too late to get the first candle; Or I wait for a resistance, a Pivot to be broken or a cross after 900 or 100 level. If you want I can make screenshots of the complete screen, so that...
Great approach!
You do what i will start to do... trade only at the beginning of the hour and wait for a sort of confirmation... let's see and thank for the time...
Someone like the idea of creating a group on Skype where confront during the trading day ?

I already have my own trading system with which I work in the longer term .... I'd like to use this to increase to enter on a daily basis , and for me to create this group could be a good basis to improve more and more the system of Udine !

This is the result of the trading week using my system , I chose to start with the system of Udine right now on a live account and I want to learn it better , if I could add to the result that I do on average with the other system , an other 6-8 % with this system would be great !!!
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Quoting gizmo96
{quote} Hi fakeylover, Thanks, I hope I can have the same results next week. I try to combine the 2 systems, therefor I use the ASH 2.0 but I enter on the .50 or 00. The reason for me to wait for the previous H1 to close is because I only look at the charts once per hour, I still have my day job :-) Sometimes I take the second candle, this has 2 reasons: I’m simply too late to get the first candle; Or I wait for a resistance, a Pivot to be broken or a cross after 900 or 100 level. If you want I can make screenshots of the complete screen, so that...
since you do not see the graph .. how do you choose the pair on which to operate at the end of the hour ? Choose those with H1 H4 and D1 all green or red ?
Quoting fakeylover
{quote} Great approach! You do what i will start to do... trade only at the beginning of the hour and wait for a sort of confirmation... let's see and thank for the time...
You're welcome.
Quoting fakeylover
{quote} since you do not see the graph .. how do you choose the pair on which to operate at the end of the hour ? Choose those with H1 H4 and D1 all green or red ?
Here is my approach, as from today
First of all I set my alarm on my phone 2 minutes before every hour!! Very important for the reminders.
Check the news calendar.

I start with all the small screens, as shown on the screenshot.
For example:
If the trend (D1 H4 H1) is Green I check the RmUp and the ASH
The RmUp and the ASH must be green.
If that is the case I maximize the window and look for resistance, pivots, round numbers and other "obstacles".
When everything is fine I will place my order at the line that comes first .50 or 00.

The next hour I look at the pending orders, if there are any, if the signal is still valid I leave them untouched, otherwise I will update or cancel them.
For the trades that have been closed I will close the chart so that I won't trade them again until the next day.

That's it.

If you have any other question, just let me know.

PS. I'm still in the process of demoing and making the system my own, so I'm not sure if this is a good approach.
Quoting gizmo96
{quote} Here is my approach, as from today First of all I set my alarm on my phone 2 minutes before every hour!! Very important for the reminders. Check the news calendar. I start with all the small screens, as shown on the screenshot. For example: If the trend (D1 H4 H1) is Green I check the RmUp and the ASH The RmUp and the ASH must be green. If that is the case I maximize the window and look for resistance, pivots, round numbers and other "obstacles". When everything is fine I will place my order at the line that comes first .50 or 00. The...
perfect , in line with ASAP ... just a couple of questions ... why close the chart after an operation , rather than wait for the next hour for another opportunity ?
I do not know if you've ever used ... but have you noticed that the MTFHA do repaint ... ? Why you consider the ASH more important than the HA or MTFHA ?
Quoting fakeylover
{quote} perfect , in line with ASAP ... just a couple of questions ... why close the chart after an operation , rather than wait for the next hour for another opportunity ? I do not know if you've ever used ... but have you noticed that the MTFHA do repaint ... ? Why you consider the ASH more important than the HA or MTFHA ?
1. I close the chart because I'm happy with the 10 pips that I won, I also close the chart if the RmUp or RmDn are no longer green.
If you look at some charts you will see that, for example, an uptrend is never a straight line, it will always retrace. So let's say that you see 3 green bars, above the daily open, there is a chance that there will be a retrace sooner or later and I don't want to be in a long trade if there is a chance for a retrace.

2. I didn't use the MTFHA much, but in the trades that I used it I never saw it repaint, at least not after the candle closed.

3. I don't consider ASH as more important, it is just that I'm more used to ASH. Maybe in the future, when I have more time read about the other indicators I will change. But not yet.

Kind regards,

Gizmo96
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