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As simple as possible: 00 level trading

  • #30,561
  • May 1, 2015 2:10am May 1, 2015 2:10am
Buenos días familia,

Bank holiday in Spain today, friends & family time and therefore I am "allowed" 30 minutes of trading only.

Trade #1 o/t day: EURUSD to TP
Trade #2 o/t day: EURJPY to TP
Trade #3 o/t day: AUDUSD to TP
Trade #4 o/t day: AUDJPY to TP

LuXing
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Wisdom begins in wonder
  • #30,562
  • May 1, 2015 2:26am May 1, 2015 2:26am
Quoting LuXing
Buenos das familia, Bank holiday in Spain today, friends & family time and therefore I am "allowed" 30 minutes of trading only. Trade #1 o/t day: EURUSD to TP Trade #2 o/t day: EURJPY to TP Trade #3 o/t day: AUDUSD to TP Trade #4 o/t day: AUDJPY to TP LuXing {image} {image} {image} {image}
Hey LuX,,,,,,,,Not bad at all for 30min of work!!!
"Amat Victoria Curam" Victory Loves Preparation
  • #30,563
  • May 1, 2015 2:31am May 1, 2015 2:31am
EU L TP
EJ L TP

Nice start of a day, even if it is a lot of BANK HOLIDAYS day.
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  • #30,564
  • May 1, 2015 3:06am May 1, 2015 3:06am
EU to TP with positive slippage. Nice buy that broke prior resistance.
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"Amat Victoria Curam" Victory Loves Preparation
  • #30,565
  • May 1, 2015 5:50am May 1, 2015 5:50am
GJ S SL
Level 2 trade
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  • #30,566
  • May 1, 2015 6:23am May 1, 2015 6:23am
Quote
GJ S SL
Level 2 trade

Hi Iwan73, i waited till the GBPUSD M30 candle closed below previous bullish candle. That gave me the confirmation of strength.
Both GBPUSD and GBPJPY where winners.

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  • #30,567
  • May 1, 2015 7:07am May 1, 2015 7:07am
Quoting tradista
{quote} Hey Eric thanks, I'm trading Udine's method only and trying to stick to his 4 pairs, adding eventually one or two pairs if strenght/weakness are really strong. I'm using 1.3.2e and these are the settings: {image} Does this mean "Trail 1 point every 35 points" ??
The Step is how often it moves the TS, in this case every single Point (0.1 pips), the fifth digit. The TS will always be 3.5 pips behind the highest/lowest price. For longer trades, some people like to jump every 5, 10, 15 pips but for this system, this is best if you use TS. I only use BE, not TS because of slightly higher spreads; get stopped out on minor pullbacks.
  • #30,568
  • May 1, 2015 7:13am May 1, 2015 7:13am
And another 2 winners

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  • #30,569
  • May 1, 2015 7:18am May 1, 2015 7:18am
Another GbpUsd winner. Too slow placing my pending order in the GbpJpy in perfect sync
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"Amat Victoria Curam" Victory Loves Preparation
  • #30,570
  • May 1, 2015 7:23am May 1, 2015 7:23am
Quoting daytrade5
Another GbpUsd winner. Too slow placing my pending order in the GbpJpy in perfect sync {image}
I had put the order in at 1 min before the whole hour. My demo IC Markets MT4 freezes for 2-3 mins on the whole hour, so i was a bit early. Normaly i wait for candle close.
  • #30,571
  • May 1, 2015 7:38am May 1, 2015 7:38am
Quoting Funk65
{quote} I had put the order in at 1 min before the whole hour. My demo IC Markets MT4 freezes for 2-3 mins on the whole hour, so i was a bit early. Normaly i wait for candle close.
I usually enter my orders just before the bar closes. I always seem to hesitate with the GbpJpy
"Amat Victoria Curam" Victory Loves Preparation
  • #30,572
  • May 1, 2015 8:02am May 1, 2015 8:02am
any one got SL on AU and AJ at NY open ?
  • #30,573
  • May 1, 2015 8:22am May 1, 2015 8:22am
Quoting LuXing
{quote} "My" NZDJPY is way above open. See screenshot. It is dependent on the broker one uses. Indicators I think the MTF H1 ASH was maybe not green. HA was. I have decided to take these off my chart all together. As far as I am concerned, these indicators are "optional". They can be of great help and provide guidance. Maybe that is why there is no mention whatsoever of ASH, HA, currency strength, etc. in post #1. You have done a really great job of making this method your own, adapting it to your trading style and get your daily green pip dose....
Hmm...

@LuXing and @Robinho - so who is correct? I mean it's kind of important is we take the trade or not, right?
Blindly following others will make you blind!
  • #30,574
  • May 1, 2015 8:51am May 1, 2015 8:51am
Quoting LuXing
Buenos das familia, Bank holiday in Spain today, friends & family time and therefore I am "allowed" 30 minutes of trading only. Trade #1 o/t day: EURUSD to TP Trade #2 o/t day: EURJPY to TP Trade #3 o/t day: AUDUSD to TP Trade #4 o/t day: AUDJPY to TP LuXing {image} {image} {image} {image}
Excellent !!
Let me know how you manage to trade with peers around you, I had no way to stay focused with the kids running around the house !! no trading today, just messing around with the trailing EA and see how I can make it work... testing a couple of others EAs too...
  • #30,575
  • May 1, 2015 9:00am May 1, 2015 9:00am
Quoting NewToForex14
any one got SL on AU and AJ at NY open ?
No, entered sells on both markets on the 30min bar following the open. I like to wait and watch the opening bar in order to see the market reaction. Also to me, the bar at the open on both markets were going into support. sold Au at 0.76500 and AJ at 94.200 clearring short term support in both markets.

I will not trade into support or resistance or into bars with large bullish or bearish shadows.
"Amat Victoria Curam" Victory Loves Preparation
  • #30,576
  • May 1, 2015 3:06pm May 1, 2015 3:06pm
Not exactly the best hour to trade but since on demo:
EURJPY 5pip TP
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veni vidi vici
  • #30,577
  • May 2, 2015 3:58am May 2, 2015 3:58am
Quoting mansan
Not exactly the best hour to trade but since on demo: EURJPY 5pip TP {image}

Looking at your indicators at the bottom, and the candle at which you entered, how sure were you that they were both going to close green matching the candle? Your TP level should have been your entry point. Bad that you came out with a TP. A -ve would pass across a good lesson for future trades.
Happy day everyone.
L.L.L.T
  • #30,578
  • May 2, 2015 6:26am May 2, 2015 6:26am
Quoting LuXing
{quote} "My" NZDJPY is way above open. See screenshot. It is dependent on the broker one uses. Indicators I think the MTF H1 ASH was maybe not green. HA was. I have decided to take these off my chart all together. As far as I am concerned, these indicators are "optional". They can be of great help and provide guidance. Maybe that is why there is no mention whatsoever of ASH, HA, currency strength, etc. in post #1. You have done a really great job of making this method your own, adapting it to your trading style and get your daily green pip dose....

Please correct me if i am wrong, but ASH seeks to accomplish what CSM has already told us. Isn't the formula of CSM based on absolute strength? Aren't they are both seeking to measure strength? ..... it seems only natural to ask then, does one really want or need both?
  • #30,579
  • May 2, 2015 7:42am May 2, 2015 7:42am
Quoting dagoods
{quote} Please correct me if i am wrong, but ASH seeks to accomplish what CSM has already told us. Isn't the formula of CSM based on absolute strength? Aren't they are both seeking to measure strength? ..... it seems only natural to ask then, does one really want or need both?
If you are trading traditional level 1 trades (colour change on ash) you will notice that the csm almost never show a very strong against a very weak currency at the colour change.
  • #30,580
  • May 2, 2015 8:20am May 2, 2015 8:20am
Good morning friends.

Just an observation that I have followed.

The WEAKEST CURRENCY, STAY LONG IN 8th UNDER FORCE.

The 1st OFTEN CHANGE CURRENCY, A LITTLE.

You know why I say this:

The performance of the stronger currency (1st) it is very good only against the 8th and 7th because when we enter against the rest, these other currencies may be gaining momentum and our operation can not be good.

But when we sell the weakest currency (8th) against all other up against the 7th desemprenho this is always very good ... The CURRENCY WEAKEST ,,, IT IS EVEN MORE LOW ... AND ENTERING THE WEAK BUT NOT MATTER WHAT WILL HAPPEN TO THE OTHER.

Another observation ,,, look at the news calendar and observe the strong news. Look strength frame always 15 minutes after the news and see where is this strength of currency. She will be in 1st or 8th ... watch ... just one more tip.

SOON I WILL BE OPENING A TOPIC ON WHAT AM I DOING BECAUSE I SEE THAT HERE ... THE SYSTEM HAS BEEN VERY UDINE MODIFIED, AND THAT IS NOT LEGAL.

A PEACE VERY WEEKEND
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