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As simple as possible: 00 level trading

  • #31,621
  • Jun 9, 2015 7:49am Jun 9, 2015 7:49am
Trading the TF 5Min -method for testing purposes (only GU and EU) since last week here are my results for today:

My parameters:
TP 5 pips
SL 15 pips
BE@ 3.5 pips

14 trades total (6 GU, 8 EU)
10 winners (5 GU, 5 EU)
1 loser (GU)
3 TS (3 EU)

Total pips: 36.5 pips

Could have stopped after the second trade (according to the rules provided by Udine) but this is just testing. Great method since the other days produced similar results.
  • #31,622
  • Jun 9, 2015 7:54am Jun 9, 2015 7:54am
M30 Level 2 Entry on EURUSD ( a bit late, I purposely wait for the candle to close, because I normally like to enter my trades after closed of a candle)

TP = 20pips

Trade Ideas:

1. Pairs in sync.
2. Momentum.
3. Strength.

Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmicroM30.png Size: 60 KB
Time always comes before price
  • #31,623
  • Jun 9, 2015 9:44am Jun 9, 2015 9:44am
Quoting numberman
Good day eveyone, EJ to SL Any advices? {image} Numberman
Donīt place a pending order where your SL (if the trade goes wrong) is on the other side of the Daily Open.
In other words: minimum distance between pending order and Daily Open 10 pips.
In this case, price had been ranging around the DO for quite some time. No trend whatsoever...

LuXing
Wisdom begins in wonder
  • #31,624
  • Jun 9, 2015 9:51am Jun 9, 2015 9:51am
Quoting Sniper1310
Trading the TF 5Min -method for testing purposes (only GU and EU) since last week here are my results for today: My parameters: TP 5 pips SL 15 pips BE@ 3.5 pips 14 trades total (6 GU, 8 EU) 10 winners (5 GU, 5 EU) 1 loser (GU) 3 TS (3 EU) Total pips: 36.5 pips Could have stopped after the second trade (according to the rules provided by Udine) but this is just testing. Great method since the other days produced similar results.
after some more testing, please let me know a bit how you are further filtering this TF. thanks in advance and thanks for sharing. -jason
  • #31,625
  • Jun 9, 2015 9:54am Jun 9, 2015 9:54am
Quoting jmmac
{quote} Hi LuXing, Can I ask you how do you measure momentum? What is your trigger? Thanks. Jaime
LE and RE (Left Eye and Right Eye).
Trigger when I "think" the moment is right (a bit discretionary).
I will almost alway "identify" my target (usually the strongest against the weakest), closely observe the change in ccy values (does the stronger get stronger, the weaker get weaker ?)
Then, after analysing where price has been (starting from D1 TF), I will dial down to M1 and watch both the Forexgrail and price action.
"Raw" PA in M1 can sometimes tell a lot, thatīs why.
Based on what happens, I might (or not) put in a pending order.

Hope this helps.

LuXing
Wisdom begins in wonder
  • #31,626
  • Jun 9, 2015 10:13am Jun 9, 2015 10:13am
Quoting LuXing
{quote} LE and RE (Left Eye and Right Eye). Trigger when I "think" the moment is right (a bit discretionary). I will almost alway "identify" my target (usually the strongest against the weakest), closely observe the change in ccy values (does the stronger get stronger, the weaker get weaker ?) Then, after analysing where price has been (starting from D1 TF), I will dial down to M1 and watch both the Forexgrail and price action. "Raw" PA in M1 can sometimes tell a lot, thats why. Based on what happens, I might (or not) put in a pending order. Hope...
Yes. it helps. thank you and good question jaime.
  • #31,627
  • Jun 9, 2015 10:19am Jun 9, 2015 10:19am
Hi All,

Can somebody be kind enough to post his or her scripts for pending [email protected] and 00 level, mine is giving me some concern, it jump about 20-30pips away from the next available level. these happen with 2 of my three brokers that I am using, while one is working fine.

Thanking you in advance.

Yomi
Time always comes before price
  • #31,628
  • Jun 9, 2015 10:25am Jun 9, 2015 10:25am
Quoting fxrabbi
Hi All, Can somebody be kind enough to post his or her scripts for pending [email protected] and 00 level, mine is giving me some concern, it jump about 20-30pips away from the next available level. these happen with 2 of my three brokers that I am using, while one is working fine. Thanking you in advance. Yomi
Here you go.
Attached File(s)
File Type: ex4 00levels15mBuy.ex4   5 KB | 428 downloads
File Type: ex4 00levels15mSell.ex4   5 KB | 445 downloads
  • #31,629
  • Jun 9, 2015 10:35am Jun 9, 2015 10:35am
Quoting Sniper1310
{quote} Here you go. {file} {file}
Cool, working perfectly, but how do I change the MM/lots.

Very kind and generous from your end, thank you.

Yomi
Time always comes before price
  • #31,630
  • Jun 9, 2015 1:01pm Jun 9, 2015 1:01pm
GBPJPY to TP

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB
Wisdom begins in wonder
  • #31,631
  • Jun 9, 2015 5:38pm Jun 9, 2015 5:38pm
USDCAD out by TS: +3 pips

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
Wisdom begins in wonder
  • #31,632
  • Jun 9, 2015 6:38pm Jun 9, 2015 6:38pm
Quoting LuXing
{quote} LE and RE (Left Eye and Right Eye). Trigger when I "think" the moment is right (a bit discretionary). I will almost alway "identify" my target (usually the strongest against the weakest), closely observe the change in ccy values (does the stronger get stronger, the weaker get weaker ?) Then, after analysing where price has been (starting from D1 TF), I will dial down to M1 and watch both the Forexgrail and price action. "Raw" PA in M1 can sometimes tell a lot, thats why. Based on what happens, I might (or not) put in a pending order. Hope...
Thanks for your explanation.
I must take a look at that Forexgrail...

Jaime
  • #31,633
  • Jun 9, 2015 8:31pm Jun 9, 2015 8:31pm
Quoting daytrade5
First trade of the day EurUsd to TP +5 EurJpy was an identical entry in sync but I was too slow placing my order. {image}
Hi DayTrade.

Can u pm me your template?
I like your template, it show very neat.
Trade With PDF & Wisdom
  • #31,634
  • Jun 9, 2015 10:59pm Jun 9, 2015 10:59pm
hi can someone help me on this. Can we place an order with the one click button with this EA WUKAR_WB_trail_v1_3_2e is active on the chart. Thanks in advance , great company to be with you Guys/Gals ,cheers
  • #31,635
  • Jun 10, 2015 2:13am Jun 10, 2015 2:13am
Buenos días

Trade #1 o/t day: EURUSD to TP

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 59 KB
Wisdom begins in wonder
  • #31,636
  • Jun 10, 2015 3:17am Jun 10, 2015 3:17am
EURUSD = +33pips

Trade Ideas:

1. Strength.
2. Momentum.
3. Volume.

Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 61 KB
Time always comes before price
  • #31,637
  • Jun 10, 2015 5:19am Jun 10, 2015 5:19am
Trade #2 o/t day: GBPUSD to TP

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
Wisdom begins in wonder
  • #31,638
  • Jun 10, 2015 6:07am Jun 10, 2015 6:07am
Can't get them all.
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2015.06.10_18h41m19s_012_.png Size: 44 KB

Total 62 pip.

nasap
The little nut in your head is called brain. Use it!
  • #31,639
  • Jun 10, 2015 8:38am Jun 10, 2015 8:38am
Quoting nasap
Can't get them all. {image} Total 62 pip. nasap

Is this your time or server time if server , which broker

Thanks
  • #31,640
  • Jun 10, 2015 11:43am Jun 10, 2015 11:43am
Quoting LuXing
{quote} LE and RE (Left Eye and Right Eye). Trigger when I "think" the moment is right (a bit discretionary). I will almost alway "identify" my target (usually the strongest against the weakest), closely observe the change in ccy values (does the stronger get stronger, the weaker get weaker ?) Then, after analysing where price has been (starting from D1 TF), I will dial down to M1 and watch both the Forexgrail and price action. "Raw" PA in M1 can sometimes tell a lot, thats why. Based on what happens, I might (or not) put in a pending order. Hope...

Hi Luxing, do you (or any one) ever place a limit entry order "A limit entry is an order placed to either buy below the market or sell above the market at a certain price"

I have been experimenting with these types of orders. For example the strong and weak currencies are "strong enough" and "weak enough" and then price starts to pull back a bit, so if I want to buy at a cheap price (or sell at a higher price) I will place an order a bit below price (if I want to go long) and often I get filled and am out with 5 pip profit in a few seconds or maybe a minute or two. One needs to develop a feel for this. It is sort of the opposite of buying strength (or selling weakness)
(I also dial down to M1 to do this)

it takes a bit of "courage" but once one gets the feel for it, it can be profitable

Pgpb

Ps. currently traveling so I can not post chart examples
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