As simple as possible: 00 level trading

Only one trade at LO today (too hard to place multiple trades from my phone).

GBPUSD to TP

Going to make some adjustments to my template for tomorrow's trading.

Kefx

EURUSD [M5]

+5 TP



Masterrmind..........

EURJPY [M5]

+5 TP



Masterrmind........

EURUSD [M5]

+5 TP



straight out of NY Open

Masterrmind..........

EURJPY [M5]

+5 TP



NY Open

Masterrmind..........

I think I had the exact same EURUSD trade (see below). Cool, gives confidence if (at least occasionally) I pull the trigger on the same than the masters here. I Hope this becomes more like a habit .

The GBPUSD was a "strongest against weakest currency" play...

Trade #4: EURUSD to TP
Trade #5: GBPUSD to TP

NY Open trades...

#1 EURUSD to TP
#2 USDCHF to TP
#3 USDJPY to TP
#4 CADCHF to TP

LuXing

just using the main rules + supreme power meter to identify the possible entry levels for the selected pairs, (also level size is 05 instead of 100)
a simple mq4 code


I am still learning this method and practicing and practicing and practicing

hope you all lots of green pips

cheers

Great work!

If the entry leads to TP then you can't be doing much wrong......

Good trading,

Masterrmind...........

can you please post DASHBOARD V1
Thanks

Early bird trades..........

EURJPY [M5]

+2.6 pips



Closed out after trade failed to hit TP considering that once price fell down below the 134.000 BRN it struggled to break above it...
Sometimes you have to make a choice because not all trades run as perfectly as we would like!

....... and then of course 2 by M5 candles later price drives up hard through my initial TP......

Nothing you can do but move onto the next trade setup...........

Masterrmind............

...... then price did this on the EJ pair..........



Some may argue that I should have been more patient but would they have said the same thing if price had of reversed and hit my SL.... I think not!

Masterrmind..........

Hi goldfinger,

Either search for it using the paperclip icon to the top right side of the page or go here.........

http://www.forexfactory.com/showthre...86#post7608686

Good trading,

Masterrmind...........

please be kind enough to share more light on pair 1x8 or 2x8 or 2x8 or 2x7.The way i understand it is trading the highest currency against the weakest.Please explain in details what you look at on the currency meter

I don't see too many trade opportunities (EU, EJ, GU or GJ) heading out of Tokyo so far ...... but the day is still young...

EJ and GJ potential breakouts to the top side ........... no thanks .......... pass
EU ...... no valid trade can't short from the 100 level
GU ..... if you got in early it was a clean winner however not without risk due to having to trade directly through the monthly pivot = no thanks

.... and not much on offer from the array of other pairs I've looked at either!

Masterrmind.......... :nerd:

HI
At least you made a profit which is good.

I used two indicators to help me to prevent this particular trade.
See attached image.
3_LL_ZZ_Semafor and S&R

The first #1 of the 3_LL_ZZ_Semafor shows a turn or retrace is eminent. I then wait till it retraced and then put the BUY as long as all the other indicators still show a positive for a buy. Then you could have made 10 pips.

I will post some more screenshots explaining this later today.

I learned quit a bit from this thread and now my turn to contribute for what it is worth.
Not to change UDINE's excellent strategy with the excellent additions by others.

A short History: I used the 3_LL_ZZ_Semafor (attached) indicator as my main indicator and trigger with some other indicators like the Stoch, MACD, etc. as filters.
It worked great (I actually made some money on a life account) till the small flash crash in August and the volatile markets in the subsequent 2 months.
That is when I decided to search for a new strategy which will work in all markets. Tested various systems and found this one which I am now using. Struggled a bit in the beginning to get the total picture, but I think I have it mastered now.

However, one thing concerned me and that is the ratio of 5 pips win against 15 pips loss.
I needed to find a way to reduce hitting Stoplosses.

So I added the Support&Resistance before entering a trade and later the 3_LL_ZZ_Semafor as well.

So I use the UDINE strategy with the adaptions to it as discussed exactly as per this thread EXCEPT I also used the S&R and 3_LL_ZZ_Semafor as a last filter to prevent me from taking a trade at the wrong moment before it retraces.

As we all know, we always have some degree of retracing on the way UP or DOWN.
(Lets just focus on BUY/LONG. Obviously SELL/SHORT will be the opposite)

So what I do is if I get all the BUY signals (All Udine’s rules, Strong currency, ASH, Sync, the whole works), I just check to see if a turn or retrace is eminent.
This can be done with the S&R if you are close to Resistance line (red line on chart) or the #1, #2, or #3 of the 3_LL_ZZ_Semafor.
#1 or #2 is merely indication of a retrace coming up and a #3 of a longer trend change.
There is some repainting/recalculation and sometimes the #number dots will move, but that is fine. It shows you to wait, let the retrace happen and at the bottom of the retrace you enter the trade.

In the first image below you can see the #2 getting replaced by a #1. So if you placed the trade ignoring the #2, you would have seen a small retrace and then a move up again with no negative effect like hitting the stoploss.
However, now with the #1 at the top and then the second #1 forming at the bottom. If you placed a trade just at the wrong moment at the top #1, you could have found yourself hitting the stoploss at around the bottom #1.
Similar with the #3. The #3 moved with each candle till it eventually changed direction. If you placed a trade, you would have been fine in all likelihood.

As can be seen in these charts, ALL the signals were there to enter a BUY.
I did not due to the possible Retracement signals.

So the action is:
All the signals as discussed in this thread is a GO: ASH, Sync, etc, etc.
If I see a #1 or a #2, I will wait for the retrace to complete or put in a pending order to wait for the price to go down and then up and on its way up enter the trade.
If I see a #3, I ignore this pair and look for another trade.
You could lose potential trades as going for 5 pips at a time is not a lot and you may find the strong currency pair will just blast through anyway and move the # dots up, but at least you are more aware of a potential change and keep your eye on it and maybe increase your stoploss even more (Personally I don’t increase the SL, I rather wait for the retrace and then enter)

I use this strategy now on a live/real account after testing on a demo and it is working for me. Still small lot sizes as Live is never the same as a demo.
(The Images show DEMO at the top as I use the DEMO account for all my indicators and tests and when I see a GO for a trade, I switch to my LIVE account and place the trade there)
I don't want my indicators to slow down the live account.

Today s only trade so far.

USDCHF out at Break Even.
Very nasty slippage of 2.7 pips on entry.

LuXing

Now in slow motion, copied over from live to a demo account, where liquidity is abundant....

LuXing

EURJPY (M15) +48pips.
EURUSD (M15) +24.3pips.


Trade Ideas:

1. Sync in pairs.
2. Strength.
3. Momentum.
4. The Talking Stochs - Rope.


Cheers,
Yomi.