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As simple as possible: 00 level trading

  • #31,921
  • Jun 24, 2015 12:31pm Jun 24, 2015 12:31pm
Quoting fxrabbi
{quote} Thank you, Hope you did the same.
I was tempted, but I thought it was a bit late in the trading day however I will store your 2 trades in my "memory bank" for future reference
  • #31,922
  • Jun 24, 2015 12:33pm Jun 24, 2015 12:33pm
Quoting fxrabbi
{quote} I'm a full-time trader. Hope that answer your question.
  • #31,923
  • Jun 24, 2015 12:42pm Jun 24, 2015 12:42pm
Quoting fxrabbi
{quote} I'm a full-time trader. Hope that answer your question.

fxrabbi...

as i understood, you are watching 4 pairs.

can i ask you , what are you doing when the set up is not there yet and not going to be there for a while... are you reading/watching something on the internet or just watching the market?

thanks...
  • #31,924
  • Jun 24, 2015 12:42pm Jun 24, 2015 12:42pm
Quoting Kooza
{quote} I was tempted, but I thought it was a bit late in the trading day however I will store your 2 trades in my "memory bank" for future reference
Time always comes before price
  • #31,925
  • Jun 24, 2015 12:50pm Jun 24, 2015 12:50pm
Quoting NewToForex14
{quote} fxrabbi... as i understood, you are watching 4 pairs. can i ask you , what are you doing when the set up is not there yet and not going to be there for a while... are you reading/watching something on the internet or just watching the market? thanks...
Yes, I watch the 4 core pairs. watching the pairs, while I do some reading on the internet.

Thank you.
Time always comes before price
  • #31,926
  • Jun 24, 2015 9:47pm Jun 24, 2015 9:47pm
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}
Dear Fxabbi,
I would like to ask you why didn't you enter 2 candle earlier which meet all the criteria?
Appreciate your reply.
I'm still learning this system and you posts has help me a lot.
thanks
AllHappy
  • #31,927
  • Edited 2:44am Jun 25, 2015 2:23am | Edited 2:44am
Quoting allhappy
{quote} Dear Fxabbi, I would like to ask you why didn't you enter 2 candle earlier which meet all the criteria? Appreciate your reply. I'm still learning this system and you posts has help me a lot. thanks AllHappy

The 2 candle earlier is the correct M30 level 1 Entry, Yes (which I love most anyway). I was not comfortable for it being too close to the Daily Open Line, hence the late entry. Love to see a clear trend/direction.

Hope this answer your question.

Yomi
Time always comes before price
  • #31,928
  • Jun 25, 2015 2:28am Jun 25, 2015 2:28am
Good morning everyone.

A word of caution to those more distracted.... SNB chairman is speaking in about 30m..... its better to not have any trades open at that time in my opinion.

Asmodai
  • #31,929
  • Jun 25, 2015 2:34am Jun 25, 2015 2:34am
Quoting Asmodai
Good morning everyone. A word of caution to those more distracted.... SNB chairman is speaking in about 30m..... its better to not have any trades open at that time in my opinion. Asmodai
Time always comes before price
  • #31,930
  • Jun 25, 2015 4:25am Jun 25, 2015 4:25am
1st trade of the day:

M30 Level 1 Entry on EURJPY.

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: EURJPYM30.png Size: 59 KB
Time always comes before price
  • #31,931
  • Jun 25, 2015 4:32am Jun 25, 2015 4:32am
2nd trade of the day and last for today:

M30 Level 1 Entry on EURUSD.

TP = +20pips.

Trade Ideas:

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

Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 59 KB
Time always comes before price
  • #31,932
  • Jun 25, 2015 4:54am Jun 25, 2015 4:54am
Quoting fxrabbi
1st trade of the day: M30 Level 1 Entry on EURJPY. TP = +20pips Trade Ideas: 1. M30 Level 1 setup. 2. Sync in pairs. 3. Strength. 4. Momentum. 5. Volume. Cheers, Yomi {image}
You are doing a great job Yomi and I appreciate your patience in teaching us.

You were not worried by the DS1 line?

Generally speaking, you are not looking at the daily support and resistance lines, daily pivot, weekly pivot, monthly pivot? I noticed price often stalls around this lines...

By the way, I am also from Africa (Mauritius Island)
  • #31,933
  • Jun 25, 2015 4:59am Jun 25, 2015 4:59am
Quoting fxrabbi
2nd trade of the day and last for today: M30 Level 1 Entry on EURUSD. TP = +20pips. Trade Ideas: 1. M30 Level 1 entry. 2. Sync in pairs. 3. Strength. 4. Momentum. 5. Volume. Cheers, Yomi {image}
Yomi,
2 classic trades you have got them all (pips) for the day -- you are correct you need nothing more

Regards
Kooza
  • #31,934
  • Jun 25, 2015 5:27am Jun 25, 2015 5:27am
Hello, Fxrabbi. Congrats for great trading.
May I ask you to share your settings for indies in the 1th window of basement (on the picture).
Like I understand from your previous posts there are
AbsoluteStrenghtHisto2-Alert.mq4
AbsoluteStrength mtfM30 & alerts + arrows histo nmc.mq4
Heiken Ashi_SWAlert.mq4
Can you share your settings for each indi?
Thanks
Attached Image
  • #31,935
  • Edited 8:12am Jun 25, 2015 5:32am | Edited 8:12am
Quoting 4xgmp
{quote} You are doing a great job Yomi and I appreciate your patience in teaching us. You were not worried by the DS1 line? Generally speaking, you are not looking at the daily support and resistance lines, daily pivot, weekly pivot, monthly pivot? I noticed price often stalls around this lines... By the way, I am also from Africa (Mauritius Island)
I do look at those daily support and resistance lines, daily pivot, weekly pivot, monthly pivot, daily open line, BRN, etc etc...but when my best setups and a backup with Strength and Momentum is at these lines, I close my eyes and takes them with reduce lots. You are right, price usually stalls around those lines. Greetings to you, my brother.

Cheers,
Yomi
Time always comes before price
  • #31,936
  • Jun 25, 2015 5:44am Jun 25, 2015 5:44am
Thanks for the clarifications brother Yomi. I tend to shy away when I see these lines. I will try to be more brave in the future.
  • #31,937
  • Edited 9:29am Jun 25, 2015 8:17am | Edited 9:29am
Quoting olvus
Hello, Fxrabbi. Congrats for great trading. May I ask you to share your settings for indies in the 1th window of basement (on the picture). Like I understand from your previous posts there are AbsoluteStrenghtHisto2-Alert.mq4 AbsoluteStrength mtfM30 & alerts + arrows histo nmc.mq4 Heiken...

My setting comes with these 3 indicators. Kindly look for the one I share on this thread, the setting comes with them, check the paper clip at the top right hand side.

Thank you.
Time always comes before price
  • #31,938
  • Jun 25, 2015 8:30am Jun 25, 2015 8:30am
Quoting fxrabbi
{quote} I do look at those daily support and resistance lines, daily pivot, weekly pivot, monthly pivot, daily open line, BRN, etc etc...but when my best setups and a backup with Strength and Momentum is at these lines, I close my eyes and takes them with reduce lots. You are right, price usually stalls around those lines. Greetings to you, my brother. Cheers, Yomi
fxrabbi...

you are picking your trades very carefully, do you have loosing trades?
  • #31,939
  • Jun 25, 2015 9:27am Jun 25, 2015 9:27am
Quoting NewToForex14
{quote} fxrabbi... you are picking your trades very carefully, do you have loosing trades?

Someone has asked me this question before, the fact of it is that I trade/watch only the 4 core pairs and takes 2-3 trades per day, between London open - London close, and I only takes my best setups which are easily recognise anyway, and I go by PDF & BCC, but that doesn't mean I don't have loosing trades, but they are few and it have been a while.

Hope this answer your question.

Thank you.
Time always comes before price
  • #31,940
  • Jun 25, 2015 9:33am Jun 25, 2015 9:33am
Quoting fxrabbi
{quote} Someone has asked me this question before, the fact of it is that I trade/watch only the 4 core pairs and takes 2-3 trades per day, between London open - London close, and I only takes my best setups which are easily recognise anyway, but that doesn't mean I don't have loosing trades, but they are few and it have been a while. Hope this answer your question. Thank you.
thanks...
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