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As simple as possible: 00 level trading

  • #30,481
  • Apr 29, 2015 10:26am Apr 29, 2015 10:26am
Quoting joe12345
For some strange reason I keep NU-NJ, AU-AJ, EU-EJ and so on...trend meter or whatever. If D1, H4, H1, M15 aligns together for NU-NJ for instance...take the trade. It works. Need to be patient though.
joe12345... and when everything is in order you jump on next 50/00 lvl...on next 30m/1H ?
  • #30,482
  • Apr 29, 2015 10:38am Apr 29, 2015 10:38am
Quoting bubincka
Being among champions with such astonishing results is beatiful, however I'm happy with my daily green pips portion, working hard on the last two "C" : Confidence + Consistency {image}
  • #30,483
  • Apr 29, 2015 11:58am Apr 29, 2015 11:58am
Quoting bluejack
{image}
Outstanding day. Congrats !!
  • #30,484
  • Apr 29, 2015 12:52pm Apr 29, 2015 12:52pm
Quoting LuXing
{quote} Mmm, lets see. First screenshot, clear enough. AUD is strong, right ? JPY is weak, right ? USD is also weak, right ? Now, lets forget about RmUp/RmDn, ADR, ... for a moment. Youll want to play the weak against the strong. In this case, long on AUDJPY and long on AUDUSD. AJ and AU have a positive correlation of 93 and something % on a M15 TF, see screenshot, right ? My avg trade duration (500+ trades is 12m32 secs) so Ive pulled up M15 correlation as a reference. By all means, take H1 or H4 as TF on the myfxbook website. Now, the red and...
good explanation, brother ... Yup ...
JPY, and USD. both currency is a the determining trend.---->> Core 5, or Core 14...
JPY > USD or
JPY < USD.
USD + JPY < other currency,
USD + JPY > other currency.

Thank,
Regard....
Regard, Ding Dong
  • #30,485
  • Apr 29, 2015 1:01pm Apr 29, 2015 1:01pm
Quoting tradista
{quote} Outstanding day. Congrats !!

Thank You!
  • #30,486
  • Apr 29, 2015 1:03pm Apr 29, 2015 1:03pm
Quoting NewToForex14
{quote} joe12345... and when everything is in order you jump on next 50/00 lvl...on next 30m/1H ?
Its kind of simple really. So lets say NJ gives you a buy because all conditions are met. On the turn of the 30 you are tempted to place your trade..right....Hold on...Look at NU is it going to give you a similar set up...Perhaps it already has...If yes..you dive into bother the trades. If NU isnt ready...dont take any trade...just pause for the next half hour to see if NU does give you that signal. If yes.....then take both...BOOM. These to me are 100% type trades. Patience is of utmost importance. Hope this helps.

On any given day at least 3-4 pairs change hands at being at the top or the bottom. That is 3X2% or 4X2% = 6% or 8% guaranteed. I am happy if I got 1%!
  • #30,487
  • Apr 29, 2015 1:08pm Apr 29, 2015 1:08pm
Quoting joe12345
{quote} Its kind of simple really. So lets say NJ gives you a buy because all conditions are met. On the turn of the 30 you are tempted to place your trade..right....Hold on...Look at NU is it going to give you a similar set up...Perhaps it already has...If yes..you dive into bother the trades. If NU isnt ready...dont take any trade...just pause for the next half hour to see if NU does give you that signal. If yes.....then take both...BOOM. These to me are 100% type trades. Patience is of utmost importance. Hope this helps. On any given day at least...
Thanks !!!
  • #30,488
  • Edited 2:43pm Apr 29, 2015 2:24pm | Edited 2:43pm
Quoting joe12345
{quote} Its kind of simple really. So lets say NJ gives you a buy because all conditions are met. On the turn of the 30 you are tempted to place your trade..right....Hold on...Look at NU is it going to give you a similar set up...Perhaps it already has...If yes..you dive into bother the trades. If NU isnt ready...dont take any trade...just pause for the next half hour to see if NU does give you that signal. If yes.....then take both...BOOM. These to me are 100% type trades. Patience is of utmost importance. Hope this helps. On any given day at least...
@Joe - What a great post! Thanks!

I was a little bit in doubt if i should wait for both pair to agree
Blindly following others will make you blind!
  • #30,489
  • Apr 29, 2015 4:38pm Apr 29, 2015 4:38pm
Quoting bubincka
Being among champions with such astonishing results is beatiful, however I'm happy with my daily green pips portion, working hard on the last two "C" : Confidence + Consistency {image}
Agree
  • #30,490
  • Edited 5:16pm Apr 29, 2015 4:57pm | Edited 5:16pm
Quoting bluejack
{quote} Tradista, Awesome.. Do you mind showing the trades?
Had a couple canceled POs (manually) and a few went to BE. I've been doing some "trials" on L3 and L4 entries too, first day running the trailing EA (had a mistake happen) and made a couple (successful) entries at Asian Open. Still demoing, the goal being to double the account while maintaining consistency in the way I take each setup, making the mistakes and testing things hands-on before going live.

Anyway, a few more trades from today:

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  • #30,491
  • Apr 29, 2015 7:13pm Apr 29, 2015 7:13pm
Starting the day 30/04

JPY strong ... some of the family.

GJ +5
CJ +5
EJ +5
AJ +5
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  • #30,492
  • Apr 29, 2015 10:24pm Apr 29, 2015 10:24pm
Quoting Robinho
Starting the day 30/04 JPY strong ... some of the family. GJ +5 CJ +5 EJ +5 AJ +5 {image}
Good work mate!

Life is like a snickers, its full of nuts!
  • #30,493
  • Apr 29, 2015 11:38pm Apr 29, 2015 11:38pm
EJ + 5 + 5 + 5
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  • #30,494
  • Apr 29, 2015 11:49pm Apr 29, 2015 11:49pm
Quoting tradista
Very clean L2 setup from M15 (~1h after the news at NO). 1:1 RR {image}
nice work. which script are you using to place a pending that allows a 10pips tp. I use Mr Trds script for pending and i cant somehow configure it to allow a 10pips tp. thanks for you help in advance.
  • #30,495
  • Apr 30, 2015 12:39am Apr 30, 2015 12:39am
1st trade: EJ to TP (Yen strength helped)
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  • #30,496
  • Apr 30, 2015 12:40am Apr 30, 2015 12:40am
EJ Bônus + 5
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  • #30,497
  • Apr 30, 2015 12:59am Apr 30, 2015 12:59am
EJ Bonus + Bônus = 5
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  • #30,498
  • Apr 30, 2015 1:04am Apr 30, 2015 1:04am
2nd trade: EU to TP (plus a lot of positive slippage)

Today: 2.78%

Done for today.
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  • #30,499
  • Apr 30, 2015 1:07am Apr 30, 2015 1:07am
Quoting Emmpoli
{quote} nice work. which script are you using to place a pending that allows a 10pips tp. I use Mr Trds script for pending and i cant somehow configure it to allow a 10pips tp. thanks for you help in advance.
I use Udine's scripts. You must first set global vars. These are my settings:

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  • #30,500
  • Apr 30, 2015 1:07am Apr 30, 2015 1:07am
Quoting dingdong99
{quote} Bid ratio, CSM and distribution currenccy.. you can get here, brother ...... Regard.... {image} {file}
Great stuff. Will have a look at it (and bother you with questions ).

Thanks.

PS: Keep up the good work!
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