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As simple as possible: 00 level trading

  • #26,521
  • Feb 6, 2015 3:04am Feb 6, 2015 3:04am
Quoting tantor1973
I have read that professional trader don't trade on fridays, its looks that friday the market just goes side ways, at least that the case of eurjpy, crazy today
It is not as straightforward for sure but EJ is trending down, may be to 134.00 again as fibs suggest. :nerd:
  • #26,522
  • Feb 6, 2015 3:08am Feb 6, 2015 3:08am
Quoting Adam84
{quote} I do not trade today because of NFP. In general, results have not been brilliant for me this month, but this may change... We'll see! {quote} Hi Asmodai, I understand why you do that, but in the previous post you described your method as "end of bar exit".. If you indeed had exited at the end of the candle than you would not have had -10
I know i say "end of bar exit" in my method, but in one of my previous posts i also say thar a 10 pip SL and an adjustable 30 pip TP is used.

Asmodai
  • #26,523
  • Feb 6, 2015 3:08am Feb 6, 2015 3:08am
Quoting bubincka
{quote} Hi Meta1, me too use some kind of Meter to measure the strenght of currencies and myself too consider a diff = 4 as the minimum to proceed before placing an order. But I've seen that more than this there's another element to consider even more important: the evolution of these strength values. How do you measure strenght values increase/decrease, i.e. if one ccy strength is going up or down beyond its absolute value ? Best, Bubincka


Hello,

this is a commercial dashboard from MT4 digital ( Eric ). I hope this is not a banned sales promotion !!!!!!!
He told me he use a normal RCS

You find some RCS with google: strMeter, PsyLevels_Dashboard_v1 and so on...
  • #26,524
  • Feb 6, 2015 3:49am Feb 6, 2015 3:49am
My results for today trading 15m candle close strategy(Yelena) during FF and first 2h of London
Two trades during FF, EU and GJ both from .600 level and the rest after LO. Didn't trade GU as it was ranging between DO and RN. Also GJ continues to disappoint beside the big spread I'm continuously slipped by ICMarkets both when opening and closing...considering not to trade this pair anymore
Total of - 20p for today and I'm done this month. Considering taking a break till beginning of March
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 121 KB
  • #26,525
  • Feb 6, 2015 4:30am Feb 6, 2015 4:30am
Quoting snail69
{quote} It is not as straightforward for sure but EJ is trending down, may be to 134.00 again as fibs suggest. :nerd:
snail thanks buddy
FREEDOM IS NOT FREE
  • #26,526
  • Feb 6, 2015 5:11am Feb 6, 2015 5:11am
Quoting tantor1973
{quote} snail thanks buddy
You are welcome. Another book to your library: Fibonacci Trading: How to Master the Time and Price Advantage
By Carolyn Boroden

Note: I unloaded at 127.2% @ 134.118:nerd:, entry right after Udine's signal bar @ 134.40
161.8 is @ 133.946 time will tell, but for me is enough.
  • #26,527
  • Feb 6, 2015 7:57am Feb 6, 2015 7:57am
Quoting snail69
{quote} You are welcome. Another book to your library: Fibonacci Trading: How to Master the Time and Price Advantage By Carolyn Boroden Note: I unloaded at 127.2% @ 134.118:nerd:, entry right after Udine's signal bar @ 134.40 161.8 is @ 133.946 time will tell, but for me is enough.
That's a very useful book snail....read it a few times!

Masterrmind...........
Master your Mind then Master your Trades
  • #26,528
  • Feb 6, 2015 8:00am Feb 6, 2015 8:00am
Hi at all, I have a little problem with the MTF_ash indicator, I put on my chart and he is ALWAYS RED I used a demo fron IC market???

do you have some suggestion to fix that??

Have a nice day


liberty55
  • #26,529
  • Feb 6, 2015 9:30am Feb 6, 2015 9:30am
Quoting liberty55
Hi at all, I have a little problem with the MTF_ash indicator, I put on my chart and he is ALWAYS RED I used a demo fron IC market??? do you have some suggestion to fix that?? Have a nice day liberty55
Hello liberty55,

try this: http://www.forexfactory.com/showthre...48#post7919948
  • #26,530
  • Feb 6, 2015 12:28pm Feb 6, 2015 12:28pm
thsnk you r4maaak, now it is working. I never know why it is not working before, I doanloaded from the menu insert... with the same indicator...

but if i use the Navigator to put the indicator on the chart...it is working...

thank a lot...

Liberty55
  • #26,531
  • Feb 6, 2015 12:36pm Feb 6, 2015 12:36pm
Hi Guy's, I have a question: do you use only the absolutestrenghhisto for the udine strategy (for confirmation...) or you also the heiken ashi_swalert and the MTF_ash_v1.1?? what is the best setup 1 indicator, 2 or 3 and what is the best???
  • #26,532
  • Edited 6:23pm Feb 8, 2015 5:31pm | Edited 6:23pm
First trade of the week!

AUDUSD +5 TP (M1 chart shown)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 38 KB


Comment: note that the trade was opened outside the 1 hour red news no trade zone and was closed 6 minutes inside the 1 hour red news rule so all good!

Masterrmind...........
Master your Mind then Master your Trades
  • #26,533
  • Feb 8, 2015 5:35pm Feb 8, 2015 5:35pm
Trade #1 EURUSD TP +5pips (H1 Method)

Happy pipping

Nik

http://s30.postimg.org/i1cgbcuhd/Scr...6_31_23_PM.png
  • #26,534
  • Feb 8, 2015 5:43pm Feb 8, 2015 5:43pm
Quoting Nik-Nyc
Trade #1 EURUSD TP +5pips (H1 Method) Happy pipping Nik {image}
Nicely done to TP!

The early birds catch the worm ?

Have a great trading day Nik-Nyc........

Masterrmind.........
Master your Mind then Master your Trades
  • #26,535
  • Feb 8, 2015 5:49pm Feb 8, 2015 5:49pm
Quoting Nik-Nyc
Trade #1 EURUSD TP +5pips (H1 Method) Happy pipping Nik {image}
You might like to check your Tokyo Open line as it is +1 hour advanced from where it should be.

So all you need to do is add +1 to your parameter for Tokyo (maybe check the others too to make sure they all line up).

You can click on the 'Market' tab at the top of the FF page to check the session times if you wish.

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #26,536
  • Feb 8, 2015 6:06pm Feb 8, 2015 6:06pm
Trade #2 EURJPY Manual TS/BE +0.4pips

After placing pending order (@134.70), and a quick trigger i noticed that price was beginning to stall. I also noticed that the USDJPY (i usually like strong correlation between EURJPY and USDJPY) was starting to produce red candles in M5 chart and so i decided to manually close trade at a small profit. I think Monday morning anxiety to "get into the market" played a role. More PDF needed. In the end it was a smart choice as SL would have been triggered before TS or TP had i let trade run.

@Mastermind, indeed, early bird that watches charts from AUD open, places S/R levels, and looks for price action signals has a much better chance of getting the worm. Not to mention applying the Wukar system and rules correctly. I am actively trying to reduce the number of burpees this week. Thanks again for your great charts and guidance.

:-)
N

http://s1.postimg.org/s2pt6z3rz/Scre...6_43_56_PM.png
  • #26,537
  • Feb 8, 2015 6:11pm Feb 8, 2015 6:11pm
Quoting Masterrmind
{quote} You might like to check your Tokyo Open line as it is +1 hour advanced from where it should be. So all you need to do is add +1 to your parameter for Tokyo (maybe check the others too to make sure they all line up). You can click on the 'Market' tab at the top of the FF page to check the session times if you wish. Good trading, Masterrmind...........
Good eye sir . . . i was tinkering with many of the settings of various indicators this weekend to familiarize myself and i think i messed-up a few market open lines. You definitely saved me a few pips, but my burpee tally just rose .

Thanks again
N
  • #26,538
  • Feb 8, 2015 6:14pm Feb 8, 2015 6:14pm
Quoting Nik-Nyc
{quote} Good eye sir . . . i was tinkering with many of the settings of various indicators this weekend to familiarize myself and i think i messed-up a few market open lines. You definitely saved me a few pips, but my burpee tally just rose . Thanks again N
We've both got 1 trade in the bag already so all is good in the land of the trader!

Masterrmind...........
Master your Mind then Master your Trades
  • #26,539
  • Edited 7:10pm Feb 8, 2015 6:47pm | Edited 7:10pm
Trade #2

EURUSD (closed out at BE......didn't like its progress!)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB


Comment: I have no problem closing out a trade at BE if some element of doubt has entered the trade!

EDIT: This is what happened next on the EU trade I exited

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 11 KB


Price on my chart hit exactly @ 1.13100 so close enough (spread small) to say trade would probably have been stopped out.

Exiting the trade was the right decision.

Masterrmind...........
Master your Mind then Master your Trades
  • #26,540
  • Feb 8, 2015 7:21pm Feb 8, 2015 7:21pm
Quoting Masterrmind
Price on my chart hit exactly @ 1.13100 so close enough (spread small) to say trade would probably have been stopped out. Exiting the trade was the right decision. Masterrmind...........
Yep, i was following this trade closely in realtime and closing it out at BE was certainly wise. My first TP today was an hour before TO (same pair) at the same buy level 1.13200 and i was fortunate it was a straight shot to TP.

I did notice after my trade that looking left many green candle, 4 or 5, had trouble approaching our TP of 1.13250, not sure if its a strong resistance "zone" but i felt it was relevant and is in my journal.

Very good judgement call . . . we both have one in the bag, one manually to BE, but most importantly avoided a SL which i feel hurts a little more on a Monday.

Happy pips,
N.
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