As simple as possible: 00 level trading | Page 1653 | Forex Factory

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As simple as possible: 00 level trading

  • #33,041
  • Oct 20, 2015 2:31am Oct 20, 2015 2:31am
My trades from this morning, all right at LO open...

Trade #1: GBPUSD to TP (+5)
Trade #2: GBPJPY to TP (+5)
Trade #3: EURJPY to TP (+5)

So far +15 pips, great start into the day. Maybe for training purposes I take further trades later, all demo for now anyway to practice...


Attached Image (click to enlarge)
Click to Enlarge Name: 20151020_LT_EA_M15_GBPUSD(1).PNG Size: 38 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 20151020_LT_EA_M15_GBPJPY(1).PNG Size: 39 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 20151020_LT_EA_M15_EURJPY(1).PNG Size: 38 KB
  • #33,042
  • Oct 20, 2015 3:40am Oct 20, 2015 3:40am
Quoting fx-guy
My trades from this morning, all right at LO open... Trade #1: GBPUSD to TP (+5) Trade #2: GBPJPY to TP (+5) Trade #3: EURJPY to TP (+5) So far +15 pips, great start into the day. Maybe for training purposes I take further trades later, all demo for now anyway to practice... {image} {image} {image}
Nice work. Just to clarify, the 'entry at first 00 level' rule basically means that you should only enter at the first 00 level for that bar (i.e. your EURJPY trade was entered at the 3rd 00 level). So going by the rules on page 1, this entry was too late. Although, as you've probably seen, there are quite a few variations in the thread which have entries at levels other than the first level. Hope that clears it up.
  • #33,043
  • Oct 20, 2015 3:45am Oct 20, 2015 3:45am
EURUSD TP

- Used a bigger TP.

Attached Image
  • #33,044
  • Oct 20, 2015 5:23am Oct 20, 2015 5:23am
Quoting finfresh
{quote} Nice work. Just to clarify, the 'entry at first 00 level' rule basically means that you should only enter at the first 00 level for that bar (i.e. your EURJPY trade was entered at the 3rd 00 level). So going by the rules on page 1, this entry was too late. Although, as you've probably seen, there are quite a few variations in the thread which have entries at levels other than the first level. Hope that clears it up.
Thanks for the feedback, appreciated.
Rationale was that I considered .400 was too close to DO. Close to .500 was the DPV, that's why I skipped it as well and finally took .600 as I still saw momentum. But you are right, very late on this move. The .500 would probably have been a better choice.
  • #33,045
  • Oct 20, 2015 5:32am Oct 20, 2015 5:32am
EURJPY (M15) +14.6pips


Trade ideas:

1. 5ema.
2. Sync in pair.
3. Strength.
4. Momentum.


Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 55 KB
Time always comes before price
  • #33,046
  • Oct 20, 2015 6:33am Oct 20, 2015 6:33am
Hi all, I try to use this system on fxopen and exness but I can't. My platforms are freezed. Can you help me ? Thanks..
https://tracking.avapartner.com/_RwAAA
  • #33,047
  • Oct 20, 2015 7:11am Oct 20, 2015 7:11am
Quoting akkus45
Hi all, I try to use this system on fxopen and exness but I can't. My platforms are freezed. Can you help me ? Thanks..
Load the template in Daily timeframe after that, you can then step down to your desire timeframe.

Try it and see how it goes.


Yomi.
Time always comes before price
  • #33,048
  • Oct 20, 2015 7:27am Oct 20, 2015 7:27am
Thank you very much dear Fxrabbi , it is working now
https://tracking.avapartner.com/_RwAAA
  • #33,049
  • Oct 20, 2015 7:36am Oct 20, 2015 7:36am
Quoting akkus45
Thank you very much dear Fxrabbi , it is working now
Time always comes before price
  • #33,050
  • Oct 20, 2015 10:32am Oct 20, 2015 10:32am
Hi guys, congrats for being able to hit the right trades consistently!
As I am working full time and have no access to my computer, I am not able to use most of the indicators loaded during my work hours.
Do you guys have any suggestions for me who is using mobile phone or tablet most of the time?
Appreciate your feedbacks.
P.S. My results have been quite bad using the mobile platforms... 😓😓
  • #33,051
  • Oct 20, 2015 11:17am Oct 20, 2015 11:17am
Hi

New to the thread. Tried today with EJ. Last 2 hours twice tried to break the 136.100 mark but failed both times.

-20 pips. Any mistake I made?...thanks

1H was green before touching 136.100
Attached Image (click to enlarge)
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  • #33,052
  • Oct 20, 2015 11:34am Oct 20, 2015 11:34am
Quoting vwknight
Hi New to the thread. Tried today with EJ. Last 2 hours twice tried to break the 136.100 mark but failed both times. -20 pips. Any mistake I made?...thanks 1H was green before touching 136.100 {image}
If you stick to trading rules from page 1, then one of the key suggestions throughout the thread is to trade only the first 2 hours of LO and NY sessions. At least what I noted down and sticking to. But I am also just starting here more or less yet...

You may also notice that some people like Yomi trade variance of this method - very successfully! There seem to be quite some options... you need to find what works for you...

Good luck!
  • #33,053
  • Oct 20, 2015 11:45am Oct 20, 2015 11:45am
Quoting fx-guy
{quote} If you stick to trading rules from page 1, then one of the key suggestions throughout the thread is to trade only the first 2 hours of LO and NY sessions. At least what I noted down and sticking to. But I am also just starting here more or less yet... You may also notice that some people like Yomi trade variance of this method - very successfully! There seem to be quite some options... you need to find what works for you... Good luck!
Thanks for the advice friend. Really appreciate it.
  • #33,054
  • Oct 20, 2015 11:45am Oct 20, 2015 11:45am
Udine la cittą?
It's not over, until I win.
  • #33,055
  • Oct 20, 2015 11:46am Oct 20, 2015 11:46am
My trades from this afternoon, not so lucky as this morning.

Trade #1: GBPUSD to SL (with a better spread probably woudln't been triggered)
Trade #2: USDCAD to SL
Trade #3: BGPJPY to TP (+5)

Attached Image (click to enlarge)
Click to Enlarge Name: 20151020_LT_EA_M15_GBPUSD(2).PNG Size: 37 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 20151020_LT_EA_M15_USDCAD(1).PNG Size: 35 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 20151020_LT_EA_M15_GBPJPY(2).PNG Size: 38 KB


Any obvious mistakes on the negative trades? Did I miss anything?
(as said, currently I want to practice, thus did not stop after the good trades this morning)
  • #33,056
  • Oct 20, 2015 12:27pm Oct 20, 2015 12:27pm
Quoting fx-guy
My trades from this afternoon, not so lucky as this morning. Trade #1: GBPUSD to SL (with a better spread probably woudln't been triggered) Trade #2: USDCAD to SL Trade #3: BGPJPY to TP (+5) {image} {image} {image} Any obvious mistakes on the negative trades? Did I miss anything? (as said, currently I want to practice, thus did not stop after the good trades this morning)
The way I see it (others might see it differently)
GBPUSD - Hadn't really been in much of a trend before NYO, therefore not a low risk entry.
USDCAD - A bit early with the entry. It would have been better to enter after a clear move to the downside, as the previous bar had been bullish. A better entry in hindsight would obviously have been the 4th bar of the hour at the 1.2990 level (not strictly by the rules, but a great looking setup) and the first bar of the next hour (although you had that resistance line, which as you know could have made taking such a trade risky).
  • #33,057
  • Oct 20, 2015 11:57pm Oct 20, 2015 11:57pm
Quoting fxrabbi
EURJPY (M15) +14.6pips Trade ideas: 1. 5ema. 2. Sync in pair. 3. Strength. 4. Momentum. Cheers, Yomi {image}

Hi Fxrabbi/Uddin- can you please share your template with me - might be i have some indicator missing- from 1 post i got this-

Regard's
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  • #33,058
  • Oct 21, 2015 1:39am Oct 21, 2015 1:39am
Quoting ppuruswani
{quote} Hi Fxrabbi/Uddin- can you please share your template with me - might be i have some indicator missing- from 1 post i got this- Regard's {image}
Are you comparing with Fxrabbi's template? If yes the it is in another thread. It is a different method trading using similar principles:

Quote
http://www.forexfactory.com/showthread.php?t=546692
  • #33,059
  • Oct 21, 2015 2:49am Oct 21, 2015 2:49am
Audjpy tp (+8.6)

Attached Image
  • #33,060
  • Oct 21, 2015 3:23am Oct 21, 2015 3:23am
First time trading London open - Normally NY open. 3 trades - 3 wins
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