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As simple as possible: 00 level trading

  • #26,621
  • Feb 11, 2015 6:26pm Feb 11, 2015 6:26pm
Good morning.
EJ +6.3
I've avoided EJ for a while because of its wild volatility.
But my eyes were opened thanks to this thread.
Attached Image
  • #26,622
  • Feb 12, 2015 12:38am Feb 12, 2015 12:38am
Trade #1
USDJPY +5 TP


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB


Keep up the great trading and green pips to you all...........

Masterrmind...........
Master your Mind then Master your Trades
  • #26,623
  • Feb 12, 2015 12:55am Feb 12, 2015 12:55am
Quoting Masterrmind
Trade #1 USDJPY +5 TP {image} Keep up the great trading and green pips to you all........... Masterrmind...........
Hi MrM,

Is it double tops?

Numberman
  • #26,624
  • Feb 12, 2015 3:14am Feb 12, 2015 3:14am
[Demo] 7.5TP 10SL 5TS

#1 GU to TP +7.5

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 48 KB


Numberman
  • #26,625
  • Feb 12, 2015 4:11am Feb 12, 2015 4:11am
Quoting Asmodai
{quote} Hi Yelena, thank you for your words. I'm working alot on my trading and studying alot whenever i have time from my full time job. I try to improve every day. I'l take a look at the scripts. I have been using a combination of the 00 scripts and several presets of the wheelbarrel, depending on the situation and where i expect the price to go. The hidden SL is always at 10, the TP i move depending on the situation. Asmodai
Hi Asmodai, I too am trading with Yelena's exit. I'm using a 30 pip emergency
stop but otherwise exiting at the close of the M15 candle that touched either +5 or -10 pips.

You quoted Yelena's post which now appears to have been deleted. Could you tell me what she said about using the wheelbarrel? Also, did she post a script to try? If so, could you repost it please?

I'm glad to see you are doing so well!
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #26,626
  • Feb 12, 2015 4:40am Feb 12, 2015 4:40am
Quoting diallist
{quote} Hi Asmodai, I too am trading with Yelena's exit. I'm using a 30 pip emergency stop but otherwise exiting at the close of the M15 candle that touched either +5 or -10 pips. You quoted Yelena's post which now appears to have been deleted. Could you tell me what she said about using the wheelbarrel? Also, did she post a script to try? If so, could you repost it please? I'm glad to see you are doing so well!
Hi dialist.
I'm not trading today and i'm not at my computer, i'll post the scripts later.
Yes several posts from yelena were deleted, dont know why.
From what i still can see it looks like she recomends using a 10 pip TS.
I havent tried that and dont use any TS.

Would be great if you could share the results of using only the 30 pip emergency SL. During the weekend i'll go over my trades and other potencial trades and try to see how a bigger SL would do.

Right now i'm still fighting with myself for consistency and not getting into risky trades.
Results have been good and i'm getting closer to opening a live account.
I already treat my trading as a business. But when you go live it always changes.

Asmodai
  • #26,627
  • Edited 5:18am Feb 12, 2015 4:48am | Edited 5:18am
Hi Guys

Firstly I want to thank you Udine and all those contributing to the thread ..There has been a great deal of effort put in by many individuals. It has been quite a read and much to learn and I feel it is just the start.

I have been trading Yelena's method a couple of weeks, though I appreciate she has decided not to post trades anymore. Please find attached my trades yesterday, which was a good morning, though it started with a couple of losses they soon got made up. Please ignore the figures in red, the actual trades were in Yellow. I was lucky I missed the EU loss at LO. This morning was a lot trickier with the Yen announcement. I believe the trades are correct, and I use the ASH for confirmation for entry. If anyone has comments they are welcome.

Looking at Yelena's post I noticed she does not trade the big 00's but Udine does, so I was just wondering if Yelena had added that to her rules. I have also been looking at an emergency SL and TP I( have used at 30 this week), though have not come to any conclusions yet as it is still early days. First post so I made need to check the upload..hope you can see it.

Thank you Yelena for sharing your trades and method.

Attached Image (click to enlarge)
Click to Enlarge Name: 11 Feb 15.png Size: 104 KB
  • #26,628
  • Feb 12, 2015 6:30am Feb 12, 2015 6:30am
Hi Mr Udine,

The entry position is "Entry ONLY the FIRST 00 level" mean once candle bar break the 100,200,300 indicators ... and we need to place pending order for buy stop (H1 Green and 15m Green) for bullish and Stop Sell for (H1 red 15m red). Please provide some guideline on the entries sir.

TQ
  • #26,629
  • Feb 12, 2015 8:34am Feb 12, 2015 8:34am
Quoting Kivenclan
Hi Mr Udine, The entry position is "Entry ONLY the FIRST 00 level" mean once candle bar break the 100,200,300 indicators ... and we need to place pending order for buy stop (H1 Green and 15m Green) for bullish and Stop Sell for (H1 red 15m red). Please provide some guideline on the entries sir. TQ
Hi Kivenclan,

I see this is your first post at FF, so welcome to FF and to this thread.

Your question, along with others you will have, have been answered many times at the beginning of this thread.

I suggest you read at least the first 1000 posts of this thread, where you will find many questions already answered.

Though I may sound like I'm being rude or unfriendly, I'm really giving you valuable advice for your benefit.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #26,630
  • Feb 12, 2015 8:38am Feb 12, 2015 8:38am
Quoting Shimmy
Hi Guys Firstly I want to thank you Udine and all those contributing to the thread ..There has been a great deal of effort put in by many individuals. It has been quite a read and much to learn and I feel it is just the start. I have been trading Yelena's method a couple of weeks, though I appreciate she has decided not to post trades anymore. Please find attached my trades yesterday, which was a good morning, though it started with a couple of losses they soon got made up. Please ignore the figures in red, the actual trades were in Yellow. I was...
Great job Shimmy! You're doing great and your charts are encouraging to me!
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #26,631
  • Feb 12, 2015 8:49am Feb 12, 2015 8:49am
Quoting Asmodai
{quote} Hi dialist. I'm not trading today and i'm not at my computer, i'll post the scripts later. Yes several posts from yelena were deleted, dont know why. From what i still can see it looks like she recomends using a 10 pip TS. I havent tried that and dont use any TS. Would be great if you could share the results of using only the 30 pip emergency SL. During the weekend i'll go over my trades and other potencial trades and try to see how a bigger SL would do. Right now i'm still fighting with myself for consistency and not getting into risky...
Thanks Asmodai,

My 30 pip stop has only been hit twice in my last 50 trades and were easily recovered.

For me a 10 pip stop is too tight for Yelenas exit. I've seen several trades go 15 or more pips against me, only to recover and go a goodly number of pips into profit.

But I'm glad you are doing it that way as it may be better in the long run than my 30 pip stop. Only time and testing will tell!

I look forward to the scripts.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #26,632
  • Edited 10:56am Feb 12, 2015 9:08am | Edited 10:56am
hi diallist and asmodai, for me and is my own modification from the udine strategy, I adjust the stop loss from the DO because the DO is the switch bethween the buy market and the sell market, and I am waiting for the confirmation from the absolute histo, indicator for my position, also I adjust the lot size. IT IS NOT IMPORTANT FOR ME TO LOSE OR TO WIN WIN, THE MOST IMPORTANT POINT IS TO CONTROL HOW MUCH MONEY I AM READY TO RISK. But with this strategy, IF YOUR TARGET IS ONLY 5 PIPS 2X/DAY, YOU CAN RISK MORE BUT YOU HAVE TO HAVE TO BE CONFORTABLE WITH THAT. Finally, like ylena said: trade you plan. When, I am not sure to take a trade I remove all the 15 min and I analyse the 1hr M-candle and you can see the high and the low from the last Hour.....


Liberty55


have a nice day for all
  • #26,633
  • Feb 12, 2015 10:46am Feb 12, 2015 10:46am
Hi Guys

Please find trades this afternoon below using Yelena's exit/entry. None on GU as Rmup red. GJ proved to be a good one..probably some harmonics in there too.. EU got triggered on the 50 which was an error on my behalf and did not notice as platform froze for a few seconds when placing pending order. Burpees pain followed. If it was not triggered I would have taken the next trade that hour which would have been a + 5 marked as blue arrow, but I didn't take it. EJ was a nice trade. Stopped trading at that point.



Attached Image (click to enlarge)
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  • #26,634
  • Feb 12, 2015 10:58am Feb 12, 2015 10:58am
EUR JPY 3 trades 96 pips
Attached Image (click to enlarge)
Click to Enlarge Name: BUY SELL ARROW SCALPER 12 FEB 2ND.png Size: 87 KB
FREEDOM IS NOT FREE
  • #26,635
  • Feb 12, 2015 2:11pm Feb 12, 2015 2:11pm
[quote=yelena;8061147] Shakespeare 'Our doubts are traitors, and make us lose the good we often might win, by fearing to attempt.

Yelena -- A Shakespeare quote that really applies to forex. So nice. Thanks.

FS
  • #26,636
  • Feb 12, 2015 3:55pm Feb 12, 2015 3:55pm
Diallist, here are the scripts. I have not tested them yet, i post my feedback here when i do, and hope others will do the same.

Attached File(s)
File Type: ex4 BuySellGlobal.ex4   4 KB | 339 downloads

Attached File(s)
File Type: ex4 Buy00.ex4   5 KB | 292 downloads

Attached File(s)
File Type: ex4 Sell00.ex4   5 KB | 309 downloads


Liberty55 made a good point about the lot size, risk and SL.
Have to check if my script changes the lot size if i change the SL and keep the 2% risk.

Asmodai
  • #26,637
  • Feb 12, 2015 6:22pm Feb 12, 2015 6:22pm
Good morning.
UJ -5.0
Not the low risk entry considering M5 formation....
Attached Image
  • #26,638
  • Feb 13, 2015 2:13am Feb 13, 2015 2:13am
[Demo]

#1 EU to TP +7.5

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 43 KB


Numberman
  • #26,639
  • Feb 13, 2015 4:27am Feb 13, 2015 4:27am
Morning all.

Trades form this morning using Yelena's method. Charts all looked pretty nasty, messing around the DO, but no real breakouts so ended up a loss. Will trade NYO as well and see if we pull some back. Had another loss on the BRN on EJ. Several PO set and cnx. Any comments from those looking at Yelena's method welcome.

Thanks for the scripts Asmodai.


Attached Image (click to enlarge)
Click to Enlarge Name: 13 Jan LO.jpg Size: 340 KB
  • #26,640
  • Feb 13, 2015 7:51am Feb 13, 2015 7:51am
GJ to TS [H1]
Comment: almost impossible to trade this pair with TS active. But at the same time it's a good insurance against high vola of this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_TS.png Size: 58 KB
Porta itineris dicitur longissima esse
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