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As simple as possible: 00 level trading

  • #31,961
  • Jun 26, 2015 1:15am Jun 26, 2015 1:15am
Quoting zohaib
{quote} Excellent results Dial, it motivates me too . Here are my 2 trades for day {image} {image}
one more weakest currency with volume supporting
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  • #31,962
  • Jun 26, 2015 1:29am Jun 26, 2015 1:29am
EUR/USD to TP.
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  • #31,963
  • Jun 26, 2015 1:52am Jun 26, 2015 1:52am
Quoting zohaib
{quote} one more weakest currency with volume supporting {image}
Weldone
Time always comes before price
  • #31,964
  • Jun 26, 2015 1:53am Jun 26, 2015 1:53am
Quoting bapakjason
{quote} Indeed. Thank each of you (you too fxrabbi) for being and encouragement and Udine for getting the thread going. It is a delight to see people's helpful discoveries in the market structure. -jason
Thank you.
Time always comes before price
  • #31,965
  • Jun 26, 2015 2:20am Jun 26, 2015 2:20am
Quoting fxrabbi
{quote} Weldone
Thanks. learning from your entries
  • #31,966
  • Jun 26, 2015 2:24am Jun 26, 2015 2:24am
Quoting zohaib
{quote} Thanks. learning from your entries
Green pips to all of us.


yomi
Time always comes before price
  • #31,967
  • Jun 26, 2015 2:43am Jun 26, 2015 2:43am
Quoting zohaib
{quote} one more weakest currency with volume supporting {image}
Aud was weakest , and some +ve slippage on this
Attached Image (click to enlarge)
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  • #31,968
  • Jun 26, 2015 6:56am Jun 26, 2015 6:56am
Quoting diallist
End of week 4. It was very hard emotionally as my leverage was too high for comfort. Starting next week I'm cutting the leverage in half. I still should come close to doubling each month. God willing of course. Dial {image}

AWESOME RESULTS!!

rinse and repeat I would say

Cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #31,969
  • Jun 26, 2015 7:56am Jun 26, 2015 7:56am
Quoting Chake
{quote} Astonishing trading Dial! congrats. How many trades do you take on average per day?
4.73
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  • #31,970
  • Jun 26, 2015 10:18am Jun 26, 2015 10:18am
Quoting Udine
{quote} AWESOME RESULTS!! rinse and repeat I would say Cheers Udine
Thank YOU Udine! You put me on the right road, Ice Man!!.
Others here were guideposts along the way, to whom I am also grateful.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #31,971
  • Edited 2:05pm Jun 26, 2015 10:20am | Edited 2:05pm
very good results diallist.....

suggestion at all with the permission from Udine ( goal : reduce the repetitives questions about indications, set up and....)

If Udine wan can you put your own setup ( I think about Diallist, fxrabbi, asmodai, luxing ....) incluing : 1 chart, all the indicators you use, Template, and a little description how do you use your set up.... If you do some modications just put the new one setup and the reason you change but don't remove your old setup just to help us to follow you and your evolution...

Thank at all

have a nice day

Liberty55
  • #31,972
  • Jun 26, 2015 8:06pm Jun 26, 2015 8:06pm
Quoting nasap
{quote} Nothing to complain about, there were many pips to collect. {image} But your observation is right if you stick to the 4 major pairs during LO only. Most of the profits not coming from them! About the TP is my observation also for a long time already. Therefore I use an algorithm to calculate TP depending on market conditions. Hence it can be anything between 3.5 and 12.5. In these days it's mostly something like 4.3. Here I'll show you guys another way how to recognize a good setup: Always follow the daily candle! Add a SMA 10 / Close...
Dear Nasap,
Thanks a lot.
I will use it.
I'm still learning Forex but still in the red zone.
best regards
AllHappy
  • #31,973
  • Jun 26, 2015 10:11pm Jun 26, 2015 10:11pm
Quoting dan55
{quote} Sir, could you please expand on this or refer me to the appropriate link/s? I'm aware of smjone's bidratio indi as well as that of dingdong xlsx. Which one do you use and how it helps in taking a trade?
Bid Ratio is simply an expression of where the bid price is in relation to

1. the high and low of the day
or
2. the open of the day and the high or low of the day
or
3. the high and low of a candle (any time frame)

A high price and a low price establish a range. One of these prices can be the open price of a time period, but doesn't have to be.
The location of the bid price between these high and low points is expressed as a percentage. If the current bid price is the high then the bid ratio is 100%.
If the current bid price is the same as the low, then the bid ratio is 0% (or -100% as calculated by some indicators).

As I stated before, I only recently heard the term "bid ratio". But I've been long aware that a candle with a flat top or bottom (no wick) has a higher probability of continuing in the same direction, either within itself, or on the next candle. A tiny wick portends the same thing, but not as strongly.
I know smjones. He's a great guy and a great trader. But, I'm not familiar with his bidratio indi. Can you tell me where to download it?


I use the ForexProfitSupreme Meter for my bid ratio. If I see sync and strength, the bid ratio being greater than 90% or less than 10% are to me an additional indication of a higher probability entry. Of course, none of those count for diddly squat if the currency strength indication is old. The fresher the better.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #31,974
  • Jun 26, 2015 10:19pm Jun 26, 2015 10:19pm
Quoting liberty55
very good results diallist..... suggestion at all with the permission from Udine ( goal : reduce the repetitives questions about indications, set up and....) If Udine wan can you put your own setup ( I think about Diallist, fxrabbi, asmodai, luxing ....) incluing : 1 chart, all the indicators you use, Template, and a little description how do you use your set up.... If you do some modications just put the new one setup and the reason you change but don't remove your old setup just to help us to follow you and your evolution... Thank at all have...
No, thank you. I see no need to repeat what I've already posted here.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #31,975
  • Jun 27, 2015 1:48am Jun 27, 2015 1:48am
Hello everybody,

Last trade from yesterday EUR/JPY to SL, Udine's H1 system 17:00hCET and 1 hour after red news... What do you think? Any comments will be much appreciated.

Thank you in advance,
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  • #31,976
  • Jun 27, 2015 2:52am Jun 27, 2015 2:52am
Quoting sEit89
Hello everybody, Last trade from yesterday EUR/JPY to SL, Udine's H1 system 17:00hCET and 1 hour after red news... What do you think? Any comments will be much appreciated. Thank you in advance, {image}
it was a long candle before your entry.

Numberman
  • #31,977
  • Jun 27, 2015 5:38am Jun 27, 2015 5:38am
Quoting numberman
{quote} it was a long candle before your entry. Numberman
Hello Numberman,

Thank you for your answer. Could explain more about not enter after a big candle? What are the reasons?

Thank you in advance
  • #31,978
  • Jun 27, 2015 6:01am Jun 27, 2015 6:01am
Quoting sEit89
{quote} Hello Numberman, Thank you for your answer. Could explain more about not enter after a big candle? What are the reasons? Thank you in advance
11hrs worth of candles on your chart had basically moved bullish, the candle previous to your trade also moved bullish above the DO line before then moving bearish. Then you took a bearish trade. If I look at your chart, in my opinion, price had been moving bullish for a long time. Then, your big candle down (which was your first red ASH signal after NO) didn't create a lower low(LL). It only created a higher low (HL) in the sequence. So, even though you are below the daily open and have a red ASH and a red HA, price is trending bullish. This is just the way I see your posted chart. Hope it helps. -Jason
  • #31,979
  • Jun 27, 2015 6:32am Jun 27, 2015 6:32am
Quoting sEit89
{quote} Hello Numberman, Thank you for your answer. Could explain more about not enter after a big candle? What are the reasons? Thank you in advance
Usually, when you enter after a big candle, they will almost reversal every times.

To avoid that, you should not enter immediately, see how the price go if you see a strong momentum you can enter that 00lv or the next 00lv.

To be safe than sorry, you should have ATR indi in Pips, like mine below, if the candle > ATR you should expect a reversal. And stay away from it.

Attached Image


Hope it help.

Numberman
  • #31,980
  • Jun 27, 2015 7:23am Jun 27, 2015 7:23am
Quoting diallist
{quote}.... Can you tell me where to download it? I use the ForexProfitSupreme Meter for my bid ratio. If I see sync and strength, the bid ratio being greater than 90% or less than 10% are to me an additional indication of a higher probability entry. Of course, none of those count for diddly squat if the currency strength indication is old. The fresher the better. Dial
Thanks for your time and effort in posting the reply.

Here is link to smjones indicator:

http://www.forexfactory.com/showthre...12#post2746912

Its worthwhile to note that Cynthia Macy's meter only shows D1 BidRatio while smjones's also includes other time frames as well (except M30), and could be more useful - in the same way as psylevels dash can be.
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