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As simple as possible: 00 level trading

  • #29,701
  • Apr 15, 2015 6:39am Apr 15, 2015 6:39am
got another one entering a bit late (0.7 pips), EU to TP,
Today I'm trading while doing many other things, so I'm inattentive and this is no good
Attached Image (click to enlarge)
Click to Enlarge Name: EU_TP.png Size: 62 KB
Porta itineris dicitur longissima esse
  • #29,702
  • Apr 15, 2015 6:44am Apr 15, 2015 6:44am
Quoting Robinho
{quote} I have told my story here, I'm unemployed, and that happened several things in my life .... we have to talk about good things and move on to life.The secret is to have Faith ... all will pass. Note 01: Here there is no reason to hide anything, if I had a real account I would post the results in the same way. Note 02: Do not be wanting to find hair in eggs. The Giraia indicator, and the profit Forex Supreme scoring the individual frame of coins follow the same, just change a bit the positions of intermediaries, but that does not matter. see...
Those CM are very helpful however I just can not make neither of those work on my Vantage RAW account....
  • #29,703
  • Apr 15, 2015 6:54am Apr 15, 2015 6:54am
Quoting snail69
{quote} Those CM are very helpful however I just can not make neither of those work on my Vantage RAW account....
You could use the forexgrail and adjust the excel in such a way that you can see it right on top. The mt4 comes below. A pretty decent cost effective solution
  • #29,704
  • Apr 15, 2015 8:06am Apr 15, 2015 8:06am
EURUSD +5 TP

Attached Image (click to enlarge)
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Masterrmind..........
Master your Mind then Master your Trades
  • #29,705
  • Apr 15, 2015 8:08am Apr 15, 2015 8:08am
Only 27 seconds

EURCAD +5

had left and returned now
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Click to Enlarge Name: EURCAD,,,,,,,.png Size: 299 KB
  • #29,706
  • Apr 15, 2015 8:12am Apr 15, 2015 8:12am
First loss trade today.
GJ S SL
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Click to Enlarge Name: GJ SL.png Size: 32 KB
  • #29,707
  • Apr 15, 2015 8:16am Apr 15, 2015 8:16am
A few minutes ago a great L1 setup to short EJ @ .550, it went to TP in couple of mins. Not taken because in the meter ccys were ranked 3° x 8°.
In situations like these, when there is enough momentum and the CMS is "almost exact" one could decide to take the risk to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_SETUP.png Size: 64 KB
Porta itineris dicitur longissima esse
  • #29,708
  • Apr 15, 2015 8:17am Apr 15, 2015 8:17am
Quoting iwan73
First loss trade today. GJ S SL {image}
CSM clearly said no for GY and yes for EY...
Attached Image
  • #29,709
  • Apr 15, 2015 8:22am Apr 15, 2015 8:22am
Quoting cycle
{quote} CSM clearly said no for GY and yes for EY... {image}
see your indicator that beautiful thing ...

Green and CAD
EUR red

what to do?

Just a suggestion
  • #29,710
  • Apr 15, 2015 8:26am Apr 15, 2015 8:26am
Sell EURCAD when Udine signal happens.
For more fine tuning you need currency correlation table.
  • #29,711
  • Apr 15, 2015 8:32am Apr 15, 2015 8:32am
Quoting cycle
Sell EURCAD when Udine signal happens. For more fine tuning you need currency correlation table.
Perfect. Robinho and you have really given some meaning to this CSM for me. Thanks.
  • #29,712
  • Apr 15, 2015 8:33am Apr 15, 2015 8:33am
Quoting cycle
Sell EURCAD when Udine signal happens. For more fine tuning you need currency correlation table.
EURUSD only after my entrance I gained 05 pips (post 29707) fell 40 pips ... EURCAD was already in the rules ... is to enjoy the stampede ...
we need correlation when we do input the 2nd option ... as CAD 1st in force ... and EURO 8º,,, the first option is that ... we do not need correlation. if we were to do the 2nd option would have to see which pair best positioned EURCAD and not vice versa.
  • #29,713
  • Apr 15, 2015 8:35am Apr 15, 2015 8:35am
Quoting joe12345
{quote} You could use the forexgrail and adjust the excel in such a way that you can see it right on top. The mt4 comes below. A pretty decent cost effective solution
Still not good. Pairs are in form EURUSD+ and Excel is confused.... and does not fill proper data. Looks like will need to open standard demo account and try that way....
  • #29,714
  • Apr 15, 2015 8:46am Apr 15, 2015 8:46am
Last trade of the day: EJ to TP

LuXing
Attached Image (click to enlarge)
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Wisdom begins in wonder
  • #29,715
  • Apr 15, 2015 9:03am Apr 15, 2015 9:03am
for today is good
just 05 pips EURCAD because the force remained the same. It took a little longer than the other 04 minutes ...
Attached Image (click to enlarge)
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  • #29,716
  • Apr 15, 2015 9:12am Apr 15, 2015 9:12am
Quoting gigicualex
{quote} Hi Luxing, May i ask you what's the reasoning behind those trades. I'd guess u use a strength meter but what I don't understand is why u enter before candle forming. Did those trades were taken via pending orders set up few minutes before london open#?
@gigicualex

Yes, I use a strength meter (the Forexgrail spreadsheet).
I will typically set a pending order when one of the currencies <2.5 and the other >6. If possible and even better, one of the two currencies shows in lime or red.
Rules are there to be bent (just a bit, not too much).
So, I am "bending" the rules and will also put a pending order before a candle closes, when above values are reached and things are in sync (H4 candle).
Of course, I will respect all of the other rules (no long @900, ...).
As for trading hours, I will only trade live between London Open and London close (Close of Business vertical line on my chart).

Hope that answers your questions.

LuXing
Wisdom begins in wonder
  • #29,717
  • Apr 15, 2015 9:38am Apr 15, 2015 9:38am
Quoting Robinho
{quote} EURUSD only after my entrance I gained 05 pips (post 29707) fell 40 pips ... EURCAD was already in the rules ... is to enjoy the stampede ... we need correlation when we do input the 2nd option ... as CAD 1st in force ... and EURO 8,,, the first option is that ... we do not need correlation. if we were to do the 2nd option would have to see which pair best positioned EURCAD and not vice versa.
Actually CSM gives lot of info useful for Udine system:

1. Confirms a setup, especially during non-London sessions.
2. When only one currency out of a pair is green/red and other is around 5, a trade is possible when Udine signal occurs.
3. Very useful for Level 2 trades.
4. When one currency in a pair is red and other green, target can be easily extended by monitoring the ticking CSM. In this situation more pairs/trades
can be entered into if one can correctly read correlation table.

Now i can't take a trade without looking at CSM when Udine signal happens.

I'm in process of testing and fine tuning the CSM and will surely post here as soon as its done.
  • #29,718
  • Apr 15, 2015 10:28am Apr 15, 2015 10:28am
I know it's not the best time
I know that ADR is already saturated
I know,,, know,,, know

Only not to lose the habit

USDCAD +5

only 03 minutes
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  • #29,719
  • Apr 15, 2015 10:38am Apr 15, 2015 10:38am
Quoting Robinho
...........only 03 minutes {image}
Only 30 seconds, in-spite of previous huge candle..... aided by CSM
Attached Image
  • #29,720
  • Apr 15, 2015 10:39am Apr 15, 2015 10:39am
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This is the standard losing trade with the CSM for me. i am getting into the market when the top symbol is getting weaker and the bottom symbol is getting stronger -.-
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