As simple as possible: 00 level trading | Page 1352 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

As simple as possible: RENKO M5 trading 75 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Simple Level Trading 1 reply

Trading: As simple as possible, but no simpler - by a real Cityboy 92 replies

Attachments: As simple as possible: 00 level trading
Exit Attachments

As simple as possible: 00 level trading

  • #27,021
  • Mar 3, 2015 7:50am Mar 3, 2015 7:50am
Assuming AUDUSD turns lime by the turn of the hour, then that's 4 correlated pairs with AUD showing slope strength. That means 2 shorts (which are below DO) and 2 longs ( which are bove DO).
Attached Image
  • #27,022
  • Mar 3, 2015 8:41am Mar 3, 2015 8:41am
hi yelena, I have a little problem... may be the indicaotr is not propely..... AUD show -0.06 and also I don't understand means 2 short and 2 long when you see the indi... the 2 long are audchf and audusd... short gbpaud and euraud???

thank
  • #27,023
  • Mar 3, 2015 8:54am Mar 3, 2015 8:54am
"also I don't understand means 2 short and 2 long when you see the indi... the 2 long are audchf and audusd... short gbpaud and euraud???" ---> YES (if AUDUSD would also turn lime - which is not the case (yet) in Yelena's picture above)
  • #27,024
  • Mar 3, 2015 8:58am Mar 3, 2015 8:58am
thank Adam, I just skip a part of the text


English is not my native language....
  • #27,025
  • Mar 3, 2015 9:04am Mar 3, 2015 9:04am
Quoting yelena
Assuming AUDUSD turns lime by the turn of the hour, then that's 4 correlated pairs with AUD showing slope strength. That means 2 shorts (which are below DO) and 2 longs ( which are bove DO). {image}
Very nice analysis Yelena.
Unfortunately, RmUp and RmDn for these pairs was in red by the time these were ready to short/long.

LuXing
Wisdom begins in wonder
  • #27,026
  • Mar 3, 2015 9:11am Mar 3, 2015 9:11am
Quoting yelena
bummer... there was nothing to tradeable during EU open.. still waiting patiently. Time to explain better (refer to pic): Long: all "lime" Short: all "red" I always tested how the slope performs 30 mins after the news. FF says the AUD red news was 5:30. I showed the chart indicating 5:30 but all of us knows that 5:30 is the start of the candle and not the beginning. What I see often in its performance is that when it does signal (4 pairs of the similar strength, all "red" or all "lime") is that the DD is very low. Technically, the SL is just there...
I just noticed that USDJPY is in the same list as the EUR, so you would short it too why is that? Am I missing something?
  • #27,027
  • Mar 3, 2015 10:08am Mar 3, 2015 10:08am
Now at 17:00 (GMT+1) looking at AUD 0.70 there should be AF long @ .200, AU long @ .400, GA short @ .200, EA short @ .800, but AF and EA are not going in the right direction... but maybe I haven't understood the method.

Edit: more for all the 4 pairs RmUp/ RmDn is over-
Attached Image
Porta itineris dicitur longissima esse
  • #27,028
  • Mar 3, 2015 10:32am Mar 3, 2015 10:32am
Quoting bubincka
Now at 17:00 (GMT+1) looking at AUD 0.70 there should be AF long @ .200, AU long @ .400, GA short @ .200, EA short @ .800, but AF and EA are not going in the right direction... but maybe I haven't understood the method. Edit: more for all the 4 pairs RmUp/ RmDn is over- {image}
Indeed. At least, the capital is in tact. I slept on the charts, geez. I'll try to do the AUD red news 9 hours from now (30mins after the news). Would prefer for 4 reds or 4 limes.

Someone asked earlier about RmUp/RmDn (sorry I do a poor speed reading). If it came like just after a huge movement, I disregard. But if the market is like this stalling retracements, RmUp/RmDn should be honored.

Simply because the first big move has lots of momentum. Does it make sense?

Quoting FXpiphunter
{quote} I just noticed that USDJPY is in the same list as the EUR, so you would short it too why is that? Am I missing something?
Just noticed it too. I tend to look at in columns because if only 1 lights up, then the slope is only there. Even without looking at the charts, it probably didn't fill your original pending order, correct? Does it make sense?
  • #27,029
  • Mar 3, 2015 10:47am Mar 3, 2015 10:47am
can someone please tell me if the settings are correct
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (63).png Size: 130 KB
  • #27,030
  • Mar 3, 2015 12:05pm Mar 3, 2015 12:05pm
Quoting yelena
{quote} Indeed. At least, the capital is in tact. I slept on the charts, geez. I'll try to do the AUD red news 9 hours from now (30mins after the news). Would prefer for 4 reds or 4 limes. Someone asked earlier about RmUp/RmDn (sorry I do a poor speed reading). If it came like just after a huge movement, I disregard. But if the market is like this stalling retracements, RmUp/RmDn should be honored. Simply because the first big move has lots of momentum. Does it make sense? {quote} Just noticed it too. I tend to look at in columns because if only...
Ok I understand now thanks


Quoting pgpb
can someone please tell me if the settings are correct {image}
Yes its correct.
  • #27,031
  • Mar 3, 2015 5:55pm Mar 3, 2015 5:55pm
Can someone repost Yelenas indy not sure what happened but it's not in the thread or in the paperclip.
  • #27,032
  • Mar 4, 2015 12:38am Mar 4, 2015 12:38am
Quoting turboguru
Can someone repost Yelenas indy not sure what happened but it's not in the thread or in the paperclip.
Do you mean the currency slope?

Kind regards,

Gizmo
Attached File(s)
File Type: ex4 BalSlopeStrengthUserTF.ex4   36 KB | 374 downloads
File Type: mq4 BalSlopeStrengthUserTF.mq4   23 KB | 464 downloads
  • #27,033
  • Mar 4, 2015 1:27am Mar 4, 2015 1:27am
#1 GU to SL

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 44 KB


Comment: Wait for retracement

Numberman
  • #27,034
  • Mar 4, 2015 1:40am Mar 4, 2015 1:40am
Quoting numberman
#1 GU to SL {image} Comment: Wait for retracement Numberman
Good morning.

The way i see it, the "wait for retracement" thing is not the issue there.

You had a good sell signal from the previous candle but there are some problems.

The currency range from the DO is small and your trade would have to go to new lows for the day at the FF open, and FF is always tricky.

Just my thoughts.

Asmodai
  • #27,035
  • Mar 4, 2015 2:07am Mar 4, 2015 2:07am
nothing is moving, no trades for me Monday, Tuesday and it looks that today its the same
FREEDOM IS NOT FREE
  • #27,036
  • Mar 4, 2015 2:29am Mar 4, 2015 2:29am
Quoting tantor1973
nothing is moving, no trades for me Monday, Tuesday and it looks that today its the same
You only trade EJ, right?

I just had a small win on EJ bouncing off the DO, but things are not moving much.

Asmodai
  • #27,037
  • Mar 4, 2015 2:55am Mar 4, 2015 2:55am
well my pending order for the eurjpy got filled 18pips
FREEDOM IS NOT FREE
  • #27,038
  • Mar 4, 2015 2:56am Mar 4, 2015 2:56am
Quoting Asmodai
{quote} You only trade EJ, right? I just had a small win on EJ bouncing off the DO, but things are not moving much. Asmodai
YES ONLY EUR JPY
FREEDOM IS NOT FREE
  • #27,039
  • Mar 4, 2015 3:12am Mar 4, 2015 3:12am
Buenos días,

Trade #1 o/t day: CADJPY to TP.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: cj.png Size: 34 KB
Wisdom begins in wonder
  • #27,040
  • Mar 4, 2015 3:30am Mar 4, 2015 3:30am
30 min after German PMI news release we've got EUR slope 0.7 and 3 pairs in red color. EG cannot be touched as we've got GBP news in 15m EZ is around RN. The only one qualifying is EU short from .200 level.
Please correct me Yelena if I'm wrong
Attached Image
27 traders viewing now