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As simple as possible: 00 level trading

  • #27,041
  • Mar 4, 2015 3:47am Mar 4, 2015 3:47am
Quoting gigicualex
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 {image}
Your settings are different, no red or green for me. I am using the settings Yelena posted with timeframe= M30 and usertimeframe = 60
  • #27,042
  • Mar 4, 2015 4:07am Mar 4, 2015 4:07am
GJ to SL.
Comment: stupid and bad trade palying on downward momentum for GJ, of course immediately reversed.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_SL.png Size: 68 KB
Porta itineris dicitur longissima esse
  • #27,043
  • Mar 4, 2015 4:17am Mar 4, 2015 4:17am
Quoting tantor1973
well my pending order for the eurjpy got filled 18pips
Nice catch, but why only 18 pips...
  • #27,044
  • Mar 4, 2015 4:31am Mar 4, 2015 4:31am
50 pip candle netted me 20 pips. 7 pip slippage. So 27 of 50 would have been good. Too easy!!! Took yesterday off but looked like a 30 pip winner. I know it because I never go past 4 candles in a run. And usually 3 and out. H1 so fun. One pair. No hair pulling! Get paid for sleeping. zzzzzzzzzzzzz

Good luck to all splitting the Atom...it doesn't have to be hard.....I like watching worker ants.....
Attached Image
  • #27,045
  • Mar 4, 2015 4:31am Mar 4, 2015 4:31am
Quoting gizmo96
{quote} Do you mean the currency slope? Kind regards, Gizmo {file} {file}
Thank you.
  • #27,046
  • Mar 4, 2015 4:42am Mar 4, 2015 4:42am
Quoting dforant1
50 pip candle netted me 20 pips. 7 pip slippage. So 27 of 50 would have been good. Too easy!!! Took yesterday off but looked like a 30 pip winner. I know it because I never go past 4 candles in a run. And usually 3 and out. H1 so fun. One pair. No hair pulling! Get paid for sleeping. zzzzzzzzzzzzz Good luck to all splitting the Atom...it doesn't have to be hard.....I like watching worker ants..... {image}
what is your reason to buy or sell?

thx
trading is like dancing, don't think and just listen to the music!
  • #27,047
  • Mar 4, 2015 4:47am Mar 4, 2015 4:47am
Quoting dforant1
50 pip candle netted me 20 pips. 7 pip slippage. So 27 of 50 would have been good. Too easy!!! Took yesterday off but looked like a 30 pip winner. I know it because I never go past 4 candles in a run. And usually 3 and out. H1 so fun. One pair. No hair pulling! Get paid for sleeping. zzzzzzzzzzzzz Good luck to all splitting the Atom...it doesn't have to be hard.....I like watching worker ants..... {image}
coul you briefly explain your method, I think I do not get it.

Waiting for higher lows and higher highs and buy on H1 Chart?
  • #27,048
  • Mar 4, 2015 5:14am Mar 4, 2015 5:14am
Trade #2 o/t day: GU out by TS: + 0.5 pip.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 39 KB
Wisdom begins in wonder
  • #27,049
  • Mar 4, 2015 5:14am Mar 4, 2015 5:14am
Quoting birdland
{quote} what is your reason to buy or sell? thx
break of previous low, i believe...
  • #27,050
  • Mar 4, 2015 5:18am Mar 4, 2015 5:18am
Hi Snail !

Hope all´s well (and green), good to see you back !!!

LuXing
Wisdom begins in wonder
  • #27,051
  • Mar 4, 2015 5:49am Mar 4, 2015 5:49am
Quoting snail69
{quote} break of previous low, i believe...
well, that is not a system

i am curious what he will tell us
trading is like dancing, don't think and just listen to the music!
  • #27,052
  • Edited 6:35am Mar 4, 2015 6:14am | Edited 6:35am
Hi Bubincka, if you are waiting a confirmation of that trade with the last indicator.... you entry was at 183.600 and if you look your chart... it was good for 20-30 pips min ( after you are in, just to move your stoploss to protect you win or/and add a second one and close all when the second have a 5 pip gain... 20 pips with 15 pips move, goal of the day 10 pips...what you are 20 pips.....

after some trying and testing this indicator on the chart is very accurate and with the DO, you have 2 goods indications....

Me I stopped to run after pairs, and i used the profitsupremeMeter ( conbine the 2 higher with th 2 lower = 4 pairs...) and i Watch these pairs....
Udine are right... pick 2-4 pair and work with that.

At all, don't forget, when you have an NFC on this week, very often, the day before the market is slow an erratic....

Look the chart eurnzd..very clear for what you can do...no doubt... look the currency slopestrengh... image 2 trades and you move you stoploss...may be your goal of the week is now OK... and look the nzdcad, nzdchf,nzdjpy. I think we have enoug stuff to dream....



Have a nice day


Liberty55
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurnzd_4mars.PNG Size: 246 KB
Click to Enlarge Name: nzdcad_4mars.PNG Size: 199 KB
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  • #27,053
  • Mar 4, 2015 6:50am Mar 4, 2015 6:50am
Hi libert55, thank you for your insight.
Which value do you use fro input parameter "userTimeFrame" in the SlopeStrength indi ?

Best,
Bubincka
Porta itineris dicitur longissima esse
  • #27,054
  • Edited 7:12am Mar 4, 2015 6:51am | Edited 7:12am
Quoting gigicualex
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 {image}
1 hr London open? I deleted that post. But no regard on news nor RgH/ RgL if its a breakout (meaning no candle close above previous candle's high for bears). But strict on price vs DO. See picture

When there's a drop/run like that you can see 70s and 80s
EJ +5
EG-10
ECHF +5
ECAD +5
EN +5 +5 +5 +5
EU+5
EA+5
nett 33

I placed all 7 just to push it to the test. I continued placing shorts on EURNZD every hour on the hour because the slope never went back to even 0.98/0.95, meaning no bar closed above the high of the previous short.

Would I short it again, if current M30 candle doesn't close above the previous, yes. And probably add EU, EJ, EA. Bonus trades since I didn't have any action yesterday.
  • #27,055
  • Mar 4, 2015 6:52am Mar 4, 2015 6:52am
UJ to TP [H1]
Comment : some ground recovered, still half way to BE.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ_TP.png Size: 67 KB
Porta itineris dicitur longissima esse
  • #27,056
  • Mar 4, 2015 6:55am Mar 4, 2015 6:55am
Trade #3 o/t day: AUDCAD out by TS.

At the time of entry, RmUp was still green(ish).

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: ac.png Size: 42 KB
Wisdom begins in wonder
  • #27,057
  • Mar 4, 2015 6:59am Mar 4, 2015 6:59am
Quoting bubincka
Hi libert55, thank you for your insight. Which value do you use fro input parameter "userTimeFrame" in the SlopeStrength indi ? Best, Bubincka
He's using 30

It doesn't matter what you actually put there. As long as you equate the price to the measure of the move.

How do I say this.... like sweetness. What maybe sweet to me is blant to you. Discretion? Yeah that's what I do not like about it.

To provide better meaning: eyeball it! For bearish market, if no candle closed above the previous then it's a good strength. If the current candle engulfs the previous, even better!
  • #27,058
  • Mar 4, 2015 7:03am Mar 4, 2015 7:03am
Hi bubincka, a picture = 1000 words.... but the currencySlopeStregth is good also and if you work with a 15min TF you can adjust also for...

I concentrate only some break out ( last fractal) and it is easy to obtain 2X 5pips at this moment with a smal analysis.... Don't forget what is the signification K.I.S.S.

and how progress your account is only what you are confortable with it, but don't forget Udine for the target and How....

this week I am hjust to analyse how the meter's work with the open market ( London and NY ) what relation with the last fractal ( ranging???) to find a point for entry. Everay time , when the last fractal, you know approximativly how much pips the market will be move ( difference bethween the high and the low) you add the DO line with the confirmation from the currency slopeStregth inidcator and you have all the odds with you but the market have the last answer.... he is always correct....

good reflexion at all


Liberty55
Attached Image (click to enlarge)
Click to Enlarge Name: slopeStength_indicator.PNG Size: 82 KB
  • #27,059
  • Edited 7:25am Mar 4, 2015 7:09am | Edited 7:25am
This is the last trade for me for today. $ on the one that never changed.

Take care and enjoy!
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.png Size: 25 KB
  • #27,060
  • Mar 4, 2015 7:13am Mar 4, 2015 7:13am
Got this strength at NY open
4 pairs to trade, EJ EZ EA EU. Didn't touch EJ as the price was close to RN 133,00. Neither EU as USD news coming in 15m.
Took only short EZ and EA both losers. -20p for today
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