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As simple as possible: 00 level trading

  • #31,901
  • Edited 12:33pm Jun 23, 2015 12:14pm | Edited 12:33pm
Quoting diallist
Assuming anyone is interested, attached is the spreadsheet that I use to keep a record of my End Of Day (EOD) trading results.
I've added a version to the original post (31899) which now has a chart showing the equity curve for values in column M.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #31,902
  • Jun 23, 2015 12:56pm Jun 23, 2015 12:56pm
Quoting diallist
{quote} I've added a version to the original post (31899) which now has a chart showing the equity curve for values in column M.

diallist... i see you joined in 2004...

are you doing it for 11 years? wow... i can imagine how much do you know...

  • #31,903
  • Jun 23, 2015 1:25pm Jun 23, 2015 1:25pm
Quoting NewToForex14
{quote} diallist... i see you joined in 2004... are you doing it for 11 years? wow... i can imagine how much do you know...
Thanks, but you must be very young. The older I get, the more I realize how very little I actually do know.
You'll understand what I mean as you get older.

I read this many years ago, and the older I get, the more sense it makes:

"If youth only knew; If age only could." ~ Anonymous

But thanks for the kudos. I hope my meager posts have helped you somewhat.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #31,904
  • Jun 23, 2015 2:17pm Jun 23, 2015 2:17pm
Quoting diallist
One observation about Currency Strength: It has a shelf life and spoils quickly. CSM indications that are fresh are best. They decay rapidly. CSM meters show what strength HAS BEEN. not what it is now. If price has moved up a very large amount in a very short time, the CSM's will show great strength, when in reality, the move is exhausted and price is flat and likely to reverse. That is why the ASH (wavy line version) is my favorite indicator, because it shows whether CSM strength is waxing or waning. If the lines are diverging (as they do after...
Its really a pity that FF don't have a
Attached Image
function. Sometimes I just want to acknowledge a great post or 2

Thanks dial
  • #31,905
  • Jun 23, 2015 3:47pm Jun 23, 2015 3:47pm
this thread has lasted for up to 1 year. that is great but who and who is trading it live can you share your result.
  • #31,906
  • Jun 23, 2015 4:48pm Jun 23, 2015 4:48pm
Quoting GreenCa
this thread has lasted for up to 1 year. that is great but who and who is trading it live can you share your result.
Yes, it is great. It will take you less than a year to read the entire thread. Then you'll have the answers to your questions. I'm not being sarcastic here. There are several folks in this thread who have done just that, myself included. It is not easy, but it is well worth it.

If you really can't do that, then at least read all of post #1 including following and reading all the links.
Then read the first 500 posts, and then start at post 27,750 and read forward from there.

I've been around FF for 11 years, and in that time there are only two threads that I can personally recommend, and this is one of them. The other is the James16 Chart Thread. (Note: I'm sure there are other great threads at FF; I'm just not personally aware of them.)

You want to trade to make money? You're in the right thread. After you've gone full time with the info in this thread, you can come back and "share" with everyone.

Oh, one last thing. If you are new to trading, as I suspect you might be, here is a key piece of wisdom that all experienced traders know:

"Other Traders Results Have No Effect On Your Results, Nor Yours On Theirs"

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #31,907
  • Jun 23, 2015 4:57pm Jun 23, 2015 4:57pm
Quoting mor707
{quote} Its really a pity that FF don't have a {image} function. Sometimes I just want to acknowledge a great post or 2 Thanks dial
Somebody likes me!

Hey, mor707, my pastor used to be the drummer in a band called 707 back in the early '80s.
What is the significance of your "707"?

Thanks for the "Like"!

Dial

P.S. If you turn 707 upside down, it is LOL
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #31,908
  • Jun 23, 2015 8:33pm Jun 23, 2015 8:33pm
Quoting profitfarmer
{quote} if I may suggest, you can try trading time filtering. easy and seem to work based on my backtesting. also, I found that EURUSD had been the most stable performance for me. the best was probably London, opening hour, EurUsd pair.
Thank you for your time and comments. Great to get feedback. -Jason
  • #31,909
  • Jun 23, 2015 8:34pm Jun 23, 2015 8:34pm
Quoting snail69
{quote} Jason, do not want to be rude, but your charts look like a contemporary art.... Would suggest to change colors and get rid of some indicators. This way, as it is, you might not be able to train your eyes, as there is too much disturbance... :nerd:
Thank you for your time and comments. Great to get feedback. -Jason
  • #31,910
  • Jun 23, 2015 8:35pm Jun 23, 2015 8:35pm
Quoting diallist
{quote} Jason, I agree with snail. Too much clutter inhibits one's ability to see price flow. That said, I think your charts are visually beautiful. I might have one made into a poster for my trading room wall! Dial
Thanks. And thank you for your other contributions here. -Jason
  • #31,911
  • Jun 23, 2015 8:41pm Jun 23, 2015 8:41pm
Quoting diallist
One observation about Currency Strength: It has a shelf life and spoils quickly. CSM indications that are fresh are best. They decay rapidly. CSM meters show what strength HAS BEEN. not what it is now. If price has moved up a very large amount in a very short time, the CSM's will show great strength, when in reality, the move is exhausted and price is flat and likely to reverse. That is why the ASH (wavy line version) is my favorite indicator, because it shows whether CSM strength is waxing or waning. If the lines are diverging (as they do after...
Great observation Dial and thanks for the spreadsheets. Great work!
Do good and disappear...
  • #31,912
  • Jun 24, 2015 12:07am Jun 24, 2015 12:07am
Quoting diallist
{quote} Somebody likes me! Hey, mor707, my pastor used to be the drummer in a band called 707 back in the early '80s. What is the significance of your "707"? Thanks for the "Like"! Dial P.S. If you turn 707 upside down, it is LOL
Hi Dial,

Nothing as glamorous as being in a band or being a pastor. Just the street number of my residence. Had to pick something and at my age I had to pick something that I could remember.

Cheers
  • #31,913
  • Jun 24, 2015 12:45am Jun 24, 2015 12:45am
Quoting mor707
{quote} Hi Dial, Nothing as glamorous as being in a band or being a pastor. Just the street number of my residence. Had to pick something and at my age I had to pick something that I could remember. Cheers
LOL! Or should I say... 707!

You're doing better than me then. I kid you not... the other day someone asked for my address, and I had to pull my drivers license out to check!

Methinks trading is robbing me of sleep and brain cells.

green pips!

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #31,914
  • Jun 24, 2015 1:29am Jun 24, 2015 1:29am
Quoting diallist
Assuming anyone is interested, attached is the spreadsheet that I use to keep a record of my End Of Day (EOD) trading results. I've entered some sample data which lets you see how the spreadsheet looks in progress. Simply clear the numbers from the Balance column to enter your own balances. It is REALLY easy to use, despite the apparent complexity of the description below. Setting it up takes less than a minute, and updating it daily takes only a few seconds. It is fun to watch your account grow. For those so inclined, a chart of Column M (Balance)...
a great work and great help! thx!
trading is like dancing, don't think and just listen to the music!
  • #31,915
  • Jun 24, 2015 11:12am Jun 24, 2015 11:12am
1st trade of the day: just manage to get this trade.

GBPUSD to TP +20pips.

Trade Ideas:

1. Sync in pairs.
2. Strength.


Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 60 KB
Time always comes before price
  • #31,916
  • Jun 24, 2015 11:41am Jun 24, 2015 11:41am
Quoting fxrabbi
1st trade of the day: just manage to get this trade. GBPUSD to TP +20pips. Trade Ideas: 1. Sync in pairs. 2. Strength. Cheers, Yomi {image}

fxrabbi...

did you watch the pairs the whole day or just here and there ?
  • #31,917
  • Jun 24, 2015 11:46am Jun 24, 2015 11:46am
M30 Level 1 on GBPJPY

TP = +20pips.

Trade Ideas:

1. M30 Level 1 setup.
2. Sync in pairs.
3. Strength.
4. Momentum.
5. Volume.

Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 64 KB
Time always comes before price
  • #31,918
  • Jun 24, 2015 11:50am Jun 24, 2015 11:50am
Quoting NewToForex14
{quote} fxrabbi... did you watch the pairs the whole day or just here and there ?
I'm a full-time trader.


Hope that answer your question.
Time always comes before price
  • #31,919
  • Jun 24, 2015 11:55am Jun 24, 2015 11:55am
Quoting fxrabbi
1st trade of the day: just manage to get this trade. GBPUSD to TP +20pips. Trade Ideas: 1. Sync in pairs. 2. Strength. Cheers, Yomi {image}
Congratulations Yomi excellent trade-- you have executed the ultimate discipline and patience
  • #31,920
  • Jun 24, 2015 12:00pm Jun 24, 2015 12:00pm
Quoting Kooza
{quote} Congratulations Yomi excellent trade-- you have executed the ultimate discipline and patience
Thank you, Hope you did the same.
Time always comes before price
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