As simple as possible: 00 level trading | Page 1572 | Forex Factory

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As simple as possible: 00 level trading

  • #31,421
  • May 29, 2015 2:45am May 29, 2015 2:45am
Quoting iwan73
NU S SL NJ S SL Both in sync. 2x USD, 3x JEN 8xNZD {image}
hello

You have to be careful at LO, many reverses there. As robinho said: Wait atleast 15M since LO and it save you some pips

masofras
  • #31,422
  • May 29, 2015 3:08am May 29, 2015 3:08am
EU +10 TP
Comment: don't know what happened, I have TP=50 but platform freezed for more than two minutes and then trade was closed largely in my favor.
In ICMarkets Demo goes this way at each hour change, luckily it seems this doesn't happen in real.
Attached Image (click to enlarge)
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Porta itineris dicitur longissima esse
  • #31,423
  • May 29, 2015 3:54am May 29, 2015 3:54am
Today I've began to look at new M5 Udine's system and I've just lost this good signal resulting in a quick TP while doing other things-
Attached Image (click to enlarge)
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Porta itineris dicitur longissima esse
  • #31,424
  • May 29, 2015 4:24am May 29, 2015 4:24am
Quoting iwan73
NU S SL NJ S SL Both in sync. 2x USD, 3x JEN 8xNZD {image}
Hi iwan73, I know that say it after it's easy, but I'm considering to remove NZDUSD & NZDJPY for several reasons including : I never took a trade on them, their ADR/ADR is usually low, I'm not trading during the asian session, I have no confidence at all in these pairs. They take up space and distract me, I think I'll substitute them with EU/GU Udine's M5 charts.
Porta itineris dicitur longissima esse
  • #31,425
  • May 29, 2015 4:36am May 29, 2015 4:36am
5M MBA took both of these last two LONG trades with eur/usd. both went beyond 5pips.
Attached Image (click to enlarge)
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  • #31,426
  • May 29, 2015 5:02am May 29, 2015 5:02am
EU to SL

I thought those long upper wick tell me the sellers are stronger.

Attached Image (click to enlarge)
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Numberman
  • #31,427
  • May 29, 2015 5:09am May 29, 2015 5:09am
GbpUsd to TP +5
Attached Image (click to enlarge)
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"Amat Victoria Curam" Victory Loves Preparation
  • #31,428
  • May 29, 2015 5:10am May 29, 2015 5:10am
Quoting numberman
EU to SL I thought those long upper wick tell me the sellers are stronger. {image} Numberman
candles cutting through the daily open inside your circle. direction uncertain. (IMHO)
  • #31,429
  • May 29, 2015 5:12am May 29, 2015 5:12am
Quoting bapakjason
{quote} candles cutting through the daily open inside your circle. direction uncertain. (IMHO)
that is what i think too.

Numberman
  • #31,430
  • May 29, 2015 6:42am May 29, 2015 6:42am
GbpUsd another trade to TP +5
Attached Image (click to enlarge)
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"Amat Victoria Curam" Victory Loves Preparation
  • #31,431
  • May 29, 2015 7:43am May 29, 2015 7:43am
Quoting daytrade5
GbpUsd another trade to TP +5 {image}
Hi daytrade5, nice trades

Can you explain the reason for both entries? I noticed they are not at the 00 level and also not Level 1/2 entries.

Thanks in advance
Do good and disappear...
  • #31,432
  • May 29, 2015 7:51am May 29, 2015 7:51am
Newbie corner: which script you use to put the pending order to the next 00/50 where i can insert TP/SL and add the spread plus the commission?!
Thanks!
  • #31,433
  • May 29, 2015 8:07am May 29, 2015 8:07am
no green square on this last eur/usd trade, but it went well. entered long after most recent aqua square.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD+M5.png Size: 118 KB
  • #31,434
  • May 29, 2015 8:20am May 29, 2015 8:20am
Quoting VinceHS
{quote} Hi daytrade5, nice trades Can you explain the reason for both entries? I noticed they are not at the 00 level and also not Level 1/2 entries. Thanks in advance
VinceHS,

I tend to trade the method as it was originally laid out on page 1 of the thread using 15min charts

SUMMARY TRADING RULES:

1. D1 & 1H candle color MUST be both red or both green
2. Entry ONLY the FIRST 00 level
3. Frankfurt open only .400/.500/.600 levels
4. London open all levels
5. No short @ .100 level
6. No long @ .900 level

I believe that Udine introduced Absolute Strength and HeikenAshi SW 800 pages into the thread. I am just trying to keep things as simple as possible inline with the spirit of the original post. Also on both trades I noticed that the GbpJpy was selling off hard actually leading the GbpUsd.
"Amat Victoria Curam" Victory Loves Preparation
  • #31,435
  • May 29, 2015 8:42am May 29, 2015 8:42am
Quoting marcoFF
Newbie corner: which script you use to put the pending order to the next 00/50 where i can insert TP/SL and add the spread plus the commission?! Thanks!
Hi Marco,

The EA is the WUKAR_WB_trail_v1_3_2e, there you can add pips for the commission and set the trailingstop and BE.
http://www.forexfactory.com/showthre...73#post7629773

The script can be found here:
http://www.forexfactory.com/showthre...12#post7894912

Kind regards,

Gizmo
  • #31,436
  • May 29, 2015 1:52pm May 29, 2015 1:52pm
Hi All,
I changed the risk% to 5, from today onwards and added the Parabolic SAR, like hollandpippin.

Here are my trades for today.

GBPJPY Sell -> TS
GBPJPY Sell -> TP
GBPUSD Sell -> TS
GBPJPY Short -> SL, MBA was not in sync with PSAR.
EURUSD Long -> TS, PSAR changed after placing my order
EURJPY Long -> TP
EURUSD Long -> TP
EURJPY Long -> TP
EURUSD Long -> TP

Have a nice weekend,

Kind regards,

Gizmo
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  • #31,437
  • Edited May 30, 2015 12:25am May 29, 2015 5:03pm | Edited May 30, 2015 12:25am
Quoting iwan73
{quote} Unfortunely i cant use your meter {image}
@iwan73

Does your broker add a suffix to your currency symbols?
Mine does. For example EURUSD is changed by my broker to EURUSDi (the letter " i " is appended to the end.)

To get the CSM spreadsheet to work for me I had to edit cells C4 through AD7 by appending an " i " after each currency symbol.

Then the CSM worked.
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  • #31,438
  • May 30, 2015 5:25am May 30, 2015 5:25am
Hi,
This is my first post in this very interesting thread. Thanks to Udine for sharing his trading style which I'm still learning.

Meanwhile, many people are using currency strength indicators and I'll leave here some I found that may be useful (there many ways to measure currency strength). Several show a curve over time and not just the current reading, which may be more useful than the giraia one.

I also found this web page: http://finviz.com/futures_charts.ashx?t=CURRENCIES&p=h1

Kind Regards,
Jaime
Attached File(s)
File Type: mq4 CurrencySlopeStrength.mq4   32 KB | 470 downloads
File Type: ex4 strMeter.ex4   20 KB | 372 downloads
File Type: mq4 ForexCurrencyIndex.mq4   25 KB | 467 downloads
File Type: mq4 StrengthMeter_wSuffix-mod2.mq4   15 KB | 475 downloads
File Type: mq4 StrengthMeterSession_1Session.mq4   22 KB | 422 downloads
File Type: mq4 CCFp_v1.0.3cvert.mq4   25 KB | 425 downloads
  • #31,439
  • May 30, 2015 2:20pm May 30, 2015 2:20pm
Quoting jmmac
Hi, This is my first post in this very interesting thread. Thanks to Udine for sharing his trading style which I'm still learning. Meanwhile, many people are using currency strength indicators and I'll leave here some I found that may be useful (there many ways to measure currency strength). Several show a curve over time and not just the current reading, which may be more useful than the giraia one. I also found this web page: http://finviz.com/futures_charts.ashx?t=CURRENCIES&p=h1 Kind Regards, Jaime {file} {file} {file} {file} {file}...
Thanks for posting all of these. I've given them a try, and the one that looks most appealing to me is the "StrengthMeter wSuffix-mod2." I've been wanting a histogram of the calculations that Giraia shows...this one has a histogram, but the calculations seem different than Giraia.

Do you have any idea on how the calculations are being done? Also, why are there 3 different bar displays? Or do you know where this indi was originally posted? Perhaps the info would be there.
Attached Image (click to enlarge)
Click to Enlarge Name: strength meter suffix mod.PNG Size: 57 KB
  • #31,440
  • May 30, 2015 5:40pm May 30, 2015 5:40pm
Quoting diallist
{quote} @iwan73 Does your broker add a suffix to your currency symbols? Mine does. For example EURUSD is changed by my broker to EURUSDi (the letter " i " is appended to the end.) To get the CSM spreadsheet to work for me I had to edit cells C4 through AD7 by appending an " i " after each currency symbol. Then the CSM worked.
I will try it after market open. THX for help.
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