As simple as possible: 00 level trading | Page 1578 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

As simple as possible: RENKO M5 trading 75 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Simple Level Trading 1 reply

Trading: As simple as possible, but no simpler - by a real Cityboy 92 replies

Attachments: As simple as possible: 00 level trading
Exit Attachments

As simple as possible: 00 level trading

  • #31,541
  • Edited 4:59am Jun 4, 2015 4:48am | Edited 4:59am
Hi guys, I need your help.
I need a very precise cecklist to graduate any single trade.
Tell me if miss something, what do you thing about the point alredady write and the order of importance:

  1. Ceck only EU EJ GU GJ
  2. Only 1st 00/05 after ASH turn of same color #Priceopen (1440)
  3. Only long above DO - short belowe DO (I have set it @TO)
  4. Take trade only if are the price are XXX far from DO
  5. No trade 1hr before and 30min after RED news
  6. Don't take trade if there are DP\R\S between open and TP
  7. SL 10 TP 5 BE 3,5 TS 3,5 (1 Trail step)
  8. Ceck ADR don't take a trade if ADR% is ..??
  9. Ceck ABR don't take a trade if ABR% is..??
  10. No long @900 No short @100
  11. From FFO/LO to..? (NY..??)
  12. Only pending orders
  13. A mistake 10 burpees

I want to use that as a real paper ceck list until i dont write a routine in my mind.

  • #31,542
  • Jun 4, 2015 4:49am Jun 4, 2015 4:49am
Quoting ericjschroed
{quote} If the 2 MT4s are different GMT offset, that will change the values, because it uses the D1 open, which is wrong for a 6 day broker.
Many thanks for your answer.
  • #31,543
  • Jun 4, 2015 4:50am Jun 4, 2015 4:50am
Quoting rmndschmidt
{quote} Hello, Your picture shows the strenght of 4 Pairs. Can you tell me which is the indicator?
http://www.forexfactory.com/showthre...12#post8286912
  • #31,544
  • Jun 4, 2015 5:16am Jun 4, 2015 5:16am
Quoting rmndschmidt
{quote} Hello, Your picture shows the strenght of 4 Pairs. Can you tell me which is the indicator?
I hope you are talking of this:
Attached File(s)
File Type: mq4 TRO_Multi_Meter_CandleColor_LuXingMOD.mq4   16 KB | 479 downloads
Time always comes before price
  • #31,545
  • Jun 4, 2015 5:24am Jun 4, 2015 5:24am
Quoting fxrabbi
{quote} I hope you are talking of this: {file}
I think he refer to indi at the right of the chart where are show the strenght of EU,USD..
  • #31,546
  • Jun 4, 2015 5:35am Jun 4, 2015 5:35am
Quoting marcoFF
{quote} I think he refer to indi at the right of the chart where are show the strenght of EU,USD..

Let him confirm it, the one I attached is upper right corner.

Cheers.
Time always comes before price
  • #31,547
  • Jun 4, 2015 6:49am Jun 4, 2015 6:49am
Quoting marcoFF
{quote} I think he refer to indi at the right of the chart where are show the strenght of EU,USD..
No, I mean what you can see here in the yellow circle.
Attached Image
  • #31,548
  • Jun 4, 2015 7:04am Jun 4, 2015 7:04am
Quoting rmndschmidt
{quote} No, I mean what you can see here in the yellow circle. {image}
ok, here is it, I set it to only 4 pairs, namely:EURUSD,EURJPY,GBPUSD,GBPJPY
I think that is why is only showing 4 currencies which I only trade.

Cheers,
Yomi
Attached File(s)
File Type: ex4 Currency Strength - Giraia.ex4   13 KB | 383 downloads
Time always comes before price
  • #31,549
  • Jun 4, 2015 7:15am Jun 4, 2015 7:15am
Quoting fxrabbi
{quote} ok, here is it, I set it to only 4 pairs, namely:EURUSD,EURJPY,GBPUSD,GBPJPY I think that is why is only showing 4 currencies which I only trade. Cheers, Yomi {file}
OK all right; thank you very much!
  • #31,550
  • Jun 4, 2015 7:17am Jun 4, 2015 7:17am
Quoting rmndschmidt
{quote} OK all right; thank you very much!
Welldone
Time always comes before price
  • #31,551
  • Jun 4, 2015 7:19am Jun 4, 2015 7:19am
Todayīs trades:

#1 NZDJPY out by TS, missed TP by 0.1 pip due to high spread
#2, #3 and #4: EURUSD 2 x TP and 1 x TS
#5 EURJPY TP
#6 GBPUSD, manual close at +2 pips. Would have gone straight to TP 1 minute later

LuXing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
Click to Enlarge Name: Screenshot2.png Size: 42 KB
Click to Enlarge Name: Screenshot3.png Size: 38 KB
Click to Enlarge Name: Screenshot4.png Size: 43 KB
Wisdom begins in wonder
  • #31,552
  • Jun 4, 2015 7:33am Jun 4, 2015 7:33am
Quoting marcoFF
Hi guys, I need your help. I need a very precise cecklist to graduate any single trade. Tell me if miss something, what do you thing about the point alredady write and the order of importance: Ceck only EU EJ GU GJ Only 1st 00/05 after ASH turn of same color #Priceopen (1440) Only long above DO - short belowe DO (I have set it @TO) Take trade only if are the price are XXX far from DO No trade 1hr before and 30min after RED news Don't take trade if there are DP\R\S between open and TP SL 10 TP 5 BE 3,5 TS 3,5 (1 Trail step) Ceck ADR don't...
May I make the following suggestions ?

- Only take a trade if your SL would not be on the other side of the Daily Open. So letīs say a safe distance of 10 pips from the Daily Open
- ADR / RmUp / RmDn. Easiest thing to do is to use the Daily Range Extended indicator. If the "Today" part turns red, itīs pretty much done trading that pair. Advantage of this indicator is that itīs noticeably less of a resource hog than the xADR.
- Forget Frankfurt Open, many nasty surprises. Try London Open plus 2-3 hrs max. and NY open +2-3 hrs max. This is more than enough to make your 10 daily pips, even if thereīs red news splattered throughout the day.
- Keep your administration with screenshots, very useful to be able to look back and learn from your own mistakes

Good luck and green pips !

LuXing
Wisdom begins in wonder
  • #31,553
  • Jun 4, 2015 7:35am Jun 4, 2015 7:35am
Quoting marcoFF
Double Loss.. please tell me what's wrong... {image}
You might as well take the ABR indicator off your chart, if you donīt look at it...
Trades taken just after huuuuuuge candles !!!

LuXing
Wisdom begins in wonder
  • #31,554
  • Jun 4, 2015 7:42am Jun 4, 2015 7:42am
Quoting tebis
{quote} Hi nasap, 10 Days ago you offered: "You can book my service and I'll show you the secrets of trading and how to become profitable!" I asked you same day: "Hi Nasap, I agree with both "a good service will cost" and "reduce losses as much as possible!". You allways show very good statistics. Would you p.m. me, what kind of service and conditions you are offering ? regards Tebis " You dont give any details how to contact you; so you are not reachable and you dont answer my question. I think you should get in touch with a potential client, who...
@Tebis

What you really "need" is to become consistently profitable in your trading and not depend on anybody !
This thread has all the information necessary to learn to trade (one of) the 00-level system(s).
The rest is all hard work: reading all the posts back and forth, saving charts and studying them, practise a lot, ...
A lot of blood sweat and tears, but if thereīs a will, thereīs a way !

Good luck in your endeavours.

LuXing
Wisdom begins in wonder
  • #31,555
  • Jun 4, 2015 7:52am Jun 4, 2015 7:52am
Quoting LuXing
{quote} @Tebis What you really "need" is to become consistently profitable in your trading and not depend on anybody ! This thread has all the information necessary to learn to trade (one of) the 00-level system(s). The rest is all hard work: reading all the posts back and forth, saving charts and studying them, practise a lot, ... A lot of blood sweat and tears, but if theres a will, theres a way ! Good luck in your endeavours. LuXing

wonderful words
Time always comes before price
  • #31,556
  • Jun 4, 2015 8:54am Jun 4, 2015 8:54am
Quoting LuXing
{quote} May I make the following suggestions ? - Only take a trade if your SL would not be on the other side of the Daily Open. So lets say a safe distance of 10 pips from the Daily Open - ADR / RmUp / RmDn. Easiest thing to do is to use the Daily Range Extended indicator. If the "Today" part turns red, its pretty much done trading that pair. Advantage of this indicator is that its noticeably less of a resource hog than the xADR. - Forget Frankfurt Open, many nasty surprises. Try London Open plus 2-3 hrs max. and NY open +2-3 hrs max. This is more...
I have noticed for +/- the last month that it seems to me that you do not use the ASH and #Price to Open indicators on your charts anymore. Are they still play any part re your decision when to pull the trigger to execute a trade.?
Or are you currently rely more on your Excel data currency strength files to indicate when to enter the market?
  • #31,557
  • Jun 4, 2015 9:02am Jun 4, 2015 9:02am
Quoting LuXing
{quote} May I make the following suggestions ? - Only take a trade if your SL would not be on the other side of the Daily Open. So lets say a safe distance of 10 pips from the Daily Open - ADR / RmUp / RmDn. Easiest thing to do is to use the Daily Range Extended indicator. If the "Today" part turns red, its pretty much done trading that pair. Advantage of this indicator is that its noticeably less of a resource hog than the xADR. - Forget Frankfurt Open, many nasty surprises. Try London Open plus 2-3 hrs max. and NY open +2-3 hrs max. This is more...
thanks mate
  • #31,558
  • Jun 4, 2015 9:18am Jun 4, 2015 9:18am
Quoting Kooza
{quote} I have noticed for +/- the last month that it seems to me that you do not use the ASH and #Price to Open indicators on your charts anymore. Are they still play any part re your decision when to pull the trigger to execute a trade.? Or are you currently rely more on your Excel data currency strength files to indicate when to enter the market?
@Kooza
I donīt need the Price to Open, in the top left corner of my chart I see the M15, H1, H4 and D1.
The ASH is merely derived from a Moving Average, so I consider I do not need it anymore.
Just watching my Forexgrail spreadsheet on a monitor is enough to decide if I enter !

LuXing
Wisdom begins in wonder
  • #31,559
  • Jun 4, 2015 10:16am Jun 4, 2015 10:16am
Quoting LuXing
{quote} @Kooza I dont need the Price to Open, in the top left corner of my chart I see the M15, H1, H4 and D1. The ASH is merely derived from a Moving Average, so I consider I do not need it anymore. Just watching my Forexgrail spreadsheet on a monitor is enough to decide if I enter ! LuXing
  • #31,560
  • Jun 4, 2015 10:35am Jun 4, 2015 10:35am
Probably my last trade of the day: GBPJPY out by TS, netted 1 pip.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB
Wisdom begins in wonder
7 traders viewing now