As simple as possible: 00 level trading | Page 1324 | Forex Factory

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As simple as possible: 00 level trading

  • #26,461
  • Feb 4, 2015 10:52am Feb 4, 2015 10:52am
Since i only trade eur jpy i look at the indices for confirmation
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR INDEX.png Size: 67 KB
Click to Enlarge Name: JPY INDEX.png Size: 69 KB
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  • #26,462
  • Feb 4, 2015 10:55am Feb 4, 2015 10:55am
Quoting tantor1973
{quote} That indi is kind of complicate for me, chart of individual indices you could plot indicator, look for support and resistance and due full technical analysis, you only have to look at the major thats 8 charts, look for strength in one pair and weakness in and other and match those 2, the one that are moving in opposite direction,
agreed. i registered with liteforex for demo. you say the indices respect support and resistance. I saw even for m1 scalp it may help?
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #26,463
  • Feb 4, 2015 12:05pm Feb 4, 2015 12:05pm
Quoting bubincka
GU to TP [H1] Comment: 5 pips instead of 40. But that's the strategy after all. {image}
Try 60 . Right off harami at your WR1 to the top. One of a beauty AB=CD.
  • #26,464
  • Feb 4, 2015 1:25pm Feb 4, 2015 1:25pm
Trade #1

USDJPY H1 TP +6pips

Could not trade NYO open today so this was first trade available to me. Little late in the day (2pm EST), but currency pair still had some steam. What i did like about trade was having SL at previous resistance level which got me yesterday. Thanks again to everyone who commented my losing trade yesterday.

Happy pips,
N

http://s8.postimg.org/5oebceyxx/Scre...2_18_31_PM.png
  • #26,465
  • Feb 4, 2015 3:11pm Feb 4, 2015 3:11pm
Hey guys, I'm new to this method & thread, so far I'm really liking it.

Here's a win from this morning. If anyone sees a problem with this trade please let me know, I'm still coming to grips with all the rules etc, but I think I'm getting the hang of it!

Attached Image (click to enlarge)
Click to Enlarge Name: 00 - 1.jpg Size: 210 KB
Life is like a snickers, its full of nuts!
  • #26,466
  • Feb 4, 2015 4:26pm Feb 4, 2015 4:26pm
Quoting firewight
Hey guys, I'm new to this method & thread, so far I'm really liking it. Here's a win from this morning. If anyone sees a problem with this trade please let me know, I'm still coming to grips with all the rules etc, but I think I'm getting the hang of it! {image}
Hi firewight,

Nice trade, but it should be the first 00 level (133.600) perhaps that wasn't possible due to spread.
Another thing that I noticed is that RmDn is red and that means that it isn't a low risk trade.

Kind regards,

Gizmo96
  • #26,467
  • Feb 4, 2015 5:35pm Feb 4, 2015 5:35pm
Same pair EURJPY ON EARLY START TOKIO OPEN
Attached Image (click to enlarge)
Click to Enlarge Name: wukar trade 04.png Size: 81 KB
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  • #26,468
  • Edited 6:19pm Feb 4, 2015 6:02pm | Edited 6:19pm
Quoting gizmo96
{quote} Hi firewight, Nice trade, but it should be the first 00 level (133.600) perhaps that wasn't possible due to spread. Another thing that I noticed is that RmDn is red and that means that it isn't a low risk trade. Kind regards, Gizmo96
Oh thank you for letting me know!

Do you mean the first 00 level of the new candle? Alas I was not quick enough placing the order to get the trade in at that level, it passed the .600 level quickly as the candle opened...

Can anyone shed a little more light on the RmDn & RmUp indicator & its usage? It's not on the front page. I have done some searches and it appears that if you want to trade short, and the RmDn is red, that means no trade. An the opposite for trading long need to check the RmUp? But what does it actually mean?

My apologies if it has been answered before, but this thread is 1324 pages long, and now very difficult to find all the information in one place...

Thanks!
Life is like a snickers, its full of nuts!
  • #26,469
  • Feb 4, 2015 7:14pm Feb 4, 2015 7:14pm
Good morning to all.
UJ +5.8
entered after breaking M5 angled support line.
Happy trading,
Attached Image
  • #26,470
  • Feb 4, 2015 9:39pm Feb 4, 2015 9:39pm
Asian session very quiet as I see it in the most part.

Will see how FF and London Open's start off.....sure to be pips then!

Masterrmind.......... :nerd:
Master your Mind then Master your Trades
  • #26,471
  • Feb 5, 2015 1:36am Feb 5, 2015 1:36am
just got in long eurjpy at 133.100
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  • #26,472
  • Feb 5, 2015 1:38am Feb 5, 2015 1:38am
locked in 5 pips let the rest run, lets see what happens
FREEDOM IS NOT FREE
  • #26,473
  • Feb 5, 2015 1:50am Feb 5, 2015 1:50am
moved stop loss locked in 12 pips EUR JPY
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  • #26,474
  • Feb 5, 2015 1:57am Feb 5, 2015 1:57am
Got stopped,+ 64 pip run, not bad, have a good day
Attached Image (click to enlarge)
Click to Enlarge Name: eurojpy 05 february 2015.png Size: 93 KB
FREEDOM IS NOT FREE
  • #26,475
  • Feb 5, 2015 1:58am Feb 5, 2015 1:58am
Quoting tantor1973
Got stopped,+ 64 pip run, not bad, have a good day {image}
Very well done!

Whats your criteria for moving your stop?

Vlad
  • #26,476
  • Feb 5, 2015 2:05am Feb 5, 2015 2:05am
I just lock in the goal of 5 pips and as price passes each 00 level y move it according to momentum in price action, this is the end of the trade it stopped at the daily pivot, remember i am only looking for 5 to 10 pips, but if the market want to be good, i will take it.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR JPY 05 FEB END.png Size: 86 KB
FREEDOM IS NOT FREE
  • #26,477
  • Feb 5, 2015 2:13am Feb 5, 2015 2:13am
Tantor do you have a link for thet trend tracker you use please? Q
Whats That? you're trading What?
  • #26,478
  • Feb 5, 2015 2:19am Feb 5, 2015 2:19am
Quoting qed
tantor do you have a link for thet trend tracker you use please? Q
its the same has the mtf_absstr, histogram and the absolute strength histogram, look in the paper clip in the top right corner,
FREEDOM IS NOT FREE
  • #26,479
  • Feb 5, 2015 2:20am Feb 5, 2015 2:20am
Trade #1 (from just before FF Open)

AUDJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #26,480
  • Feb 5, 2015 2:27am Feb 5, 2015 2:27am
thanx know where to look didnt know what it was called .. ..
Whats That? you're trading What?
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