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00 Level Trading: EsikeM30Bomb

  • #101
  • Jul 2, 2015 8:58am Jul 2, 2015 8:58am
You might also find this indicator useful: pricetoopen with adjustable open time
Attached File(s)
File Type: mq4 #PriceToOpen 4xgump.mq4   7 KB | 324 downloads
  • #102
  • Jul 3, 2015 1:59am Jul 3, 2015 1:59am
Quoting 4xgmp
{quote} There you are {file}
Thanks 4xgmp - I appreciate it.
  • #103
  • Jul 3, 2015 2:27am Jul 3, 2015 2:27am
EURJPY came close to a quick 10 pips
  • #104
  • Jul 3, 2015 2:42am Jul 3, 2015 2:42am
EURJPY came good. I remember reading Udines thread when I first joined ForexFactory and was interested, but was focused on something else at the time, but now I have a bit more time, I want to learn this properly. I'm probably making mistakes as I'm new to this sort of trading.
Attached Image (click to enlarge)
Click to Enlarge Name: divergence.jpg Size: 196 KB
  • #105
  • Jul 3, 2015 2:55am Jul 3, 2015 2:55am
Quoting BubaYaga
{quote} Thanks 4xgmp - I appreciate it.
My pleasure
  • #106
  • Jul 3, 2015 2:56am Jul 3, 2015 2:56am
Quoting BubaYaga
EURJPY came good. I remember reading Udines thread when I first joined ForexFactory and was interested, but was focused on something else at the time, but now I have a bit more time, I want to learn this properly. I'm probably making mistakes as I'm new to this sort of trading. {image}
It doesn't really conforms with the rules set out by fxrabbi or did I miss out something?
  • #107
  • Jul 3, 2015 3:08am Jul 3, 2015 3:08am
I'm using his chart and template which I think is fantastic and I think I followed his rules - apart from the 20pip tp & sl.
But, I probably am not conforming to other rules correctly. If anyone cares to correct me please show me my ignorance so I may amend it -I won't be offended and i certainly don't intend to offend anyone else.
  • #108
  • Jul 3, 2015 3:54am Jul 3, 2015 3:54am
Don't worry: nobody is offended. Most important thing is that your trade was successful.

Yomi correct me if I am wrong but I think your system is about level 1 entries and BubaYaga's trade was level 2? Or do you trade also level 2, 3 and 4?

Yes I agree Yomi's template is great. I also noticed that my MT4 platform doesn't hang anymore since I am using his indicators
  • #109
  • Jul 3, 2015 6:21am Jul 3, 2015 6:21am
Can you guys tell me what was wrong in this buy entry??

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD buy why wrong.png Size: 65 KB
  • #110
  • Jul 3, 2015 6:59am Jul 3, 2015 6:59am
Quoting Mariodrugs
Can you guys tell me what was wrong in this buy entry??
May there was selling at that level previously Switch to H4 chart and see.
"Put all your efforts in becoming effortless"
  • #111
  • Jul 3, 2015 7:05am Jul 3, 2015 7:05am
Is that correct entry?

Attached Image (click to enlarge)
Click to Enlarge Name: is that correct entries.png Size: 93 KB
  • #112
  • Jul 3, 2015 7:08am Jul 3, 2015 7:08am
Quoting Mariodrugs
Can you guys tell me what was wrong in this buy entry?? {image}
I am not an expert but I see a few potential issues: 1) red PVA, 2) Weekly Pivot 3) upcoming news on the GBP that might indirectly affect the EUR 4) at any time, somebody could say something stupid about Greece (ie better be careful with the EUR for the time being)
  • #113
  • Jul 3, 2015 7:12am Jul 3, 2015 7:12am
Quoting 4xgmp
{quote} I am not an expert but I see a few potential issues: 1) red PVA, 2) Weekly Pivot 3) upcoming news on the GBP that might indirectly affect the EUR 4) at any time, somebody could say something stupid about Greece (ie better be careful with the EUR for the time being)
Thank you !

How about second trade on USDJPY ?
  • #114
  • Jul 3, 2015 7:36am Jul 3, 2015 7:36am
Is that correct entries ?

Attached Image (click to enlarge)
Click to Enlarge Name: Is that a correct entry gbpjpy.png Size: 92 KB


Attached Image (click to enlarge)
Click to Enlarge Name: is that correct entries.png Size: 93 KB
  • #115
  • Jul 3, 2015 7:58am Jul 3, 2015 7:58am
Quoting Mariodrugs
Is that correct entries ? {image} {image}
All the two entries (eurusd & usdjpy) are good setups, you shouldn't have taken the eurusd, presently eur is not a go area for now till monday, tuesday. But your usdjpy should have given you your BE of 10pips by now.

Yomi
Time always comes before price
  • #116
  • Jul 3, 2015 7:58am Jul 3, 2015 7:58am
Quoting 4xgmp
{quote} I am not an expert but I see a few potential issues: 1) red PVA, 2) Weekly Pivot 3) upcoming news on the GBP that might indirectly affect the EUR 4) at any time, somebody could say something stupid about Greece (ie better be careful with the EUR for the time being)
Time always comes before price
  • #117
  • Jul 3, 2015 8:11am Jul 3, 2015 8:11am
Quoting BubaYaga
EURJPY came good. I remember reading Udines thread when I first joined ForexFactory and was interested, but was focused on something else at the time, but now I have a bit more time, I want to learn this properly. I'm probably making mistakes as I'm new to this sort of trading. {image}
I don't expect you to trade eur today, even if you want to take that trade, you should have wait for the close of that candle which have your entry.

yomi.
Time always comes before price
  • #118
  • Jul 3, 2015 3:49pm Jul 3, 2015 3:49pm
Quoting Mariodrugs
Can you guys tell me what was wrong in this buy entry?? {image}
I think the reason that trade hit stop loss is just for this simple fact. Usd was not weak at the time you entered. eur, gbp and usd were all strong. gbp was the first, usd was in second place, euro was in third place. aud was the weak/ dead currency. And mind you, i am not using any csm. Just my two cent. nice thread fxrabbi, wish you green pips.
  • #119
  • Jul 4, 2015 5:35am Jul 4, 2015 5:35am
Nice thread fxrabbi!!!

I like Udine's thread "As simple as possible: 00 level trading" and I believe that this adaptation will be successful and get a lot of success.

Good luck and thanks for this new learning thread.

Stay green ;-)
BilboFX
  • #120
  • Jul 4, 2015 9:13am Jul 4, 2015 9:13am
Quoting BilboFX
Nice thread fxrabbi!!! I like Udine's thread "As simple as possible: 00 level trading" and I believe that this adaptation will be successful and get a lot of success. Good luck and thanks for this new learning thread. Stay green ;-) BilboFX
Thank you.

Yomi
Time always comes before price
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