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As simple as possible: 00 level trading

  • #33,621
  • Jan 25, 2016 1:33am Jan 25, 2016 1:33am
Quoting Juan007
eu-15 ej+17 gu-15 au+17 gj=0 {image}
Hey, Juan007, you can share your templates and target? Thank you
  • #33,622
  • Jan 25, 2016 4:20am Jan 25, 2016 4:20am
Quoting Soros
This strategy belongs in the trash.
You still don't get it
It's about PDF & BCC
Is the same principle of Kostas success
How long is going to take you to understand?
  • #33,623
  • Edited 5:08am Jan 25, 2016 4:52am | Edited 5:08am
Quoting Soros
This strategy belongs in the trash.
No wonder there is so many people failing in trading,everybody wants to be spoon fed !!!
Study,learn,practice,commit and pay the price (in hours) like everybody else.
GW
IMPROVISE ADAPT OVERCOME
  • #33,624
  • Jan 25, 2016 7:49am Jan 25, 2016 7:49am
Hi all,

Today only 1 trade, but because I had some connectivity issues my TP wasn't triggered.
It all ended well with a 39 pip profit.

Kind regards,

Gizmo96
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 20160125 0901.png Size: 25 KB
  • #33,625
  • Jan 25, 2016 1:35pm Jan 25, 2016 1:35pm
Quoting Juan007
ej -15 to late to enter i was on win at 128.000 so i dont take the profit and i finish in lost please check the 000 level {image}
juan can you please post me your template and probably your indicators
  • #33,626
  • Jan 26, 2016 10:09am Jan 26, 2016 10:09am
Hi all,

Today 2 trades both GBPJPY both to TP.

Kind regards,

Gizmo96
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY 20160126 1425.png Size: 23 KB
Click to Enlarge Name: GBPJPY 20160126 0912.png Size: 18 KB
  • #33,627
  • Jan 26, 2016 10:58pm Jan 26, 2016 10:58pm
[quote = Robinho; 8618007] Ho bisogno di parlare di pių? 04 minuti di funzionamento Tutte le altre domande che le coppie funzionano? {image} {image} [/ quote]

Hello Robinho. Please can move the force to the upper left. I had too, but I can not find it. Thanks and regards.
  • #33,628
  • Jan 27, 2016 2:02am Jan 27, 2016 2:02am
Quoting Matrix8756
[quote = Robinho; 8618007] Ho bisogno di parlare di pi? 04 minuti di funzionamento Tutte le altre domande che le coppie funzionano? {image} {image} [/ quote] Hello Robinho. Please can move the force to the upper left. I had too, but I can not find it. Thanks and regards.
Good morning !!

Which panel you are in need?
Buon giorno !!

Quale quadro si č nel bisogno?
  • #33,629
  • Jan 27, 2016 3:26am Jan 27, 2016 3:26am
Hi

My wukar ea is not working!

Can someone help me?
  • #33,630
  • Jan 27, 2016 5:39am Jan 27, 2016 5:39am
[quote = Robinhocruz; 8714445] {quote} Buon giorno !! Quale quadro si nel bisogno? Buon giorno !! Quale quadro si nel bisogno? [/ Citazione]

Hai ragione, mi dispiace. L'Indicatore di Sinistra.
Grazie [attach] 1840613 [/ attach]
Attached Image (click to enlarge)
Click to Enlarge Name: JPY 04 12.png Size: 62 KB
  • #33,631
  • Jan 27, 2016 1:36pm Jan 27, 2016 1:36pm
mmm

I was studying this system
saving some snapshots on H1 TF for later review

my question is for Udine or some experienced system user

snapshot 1 --> this is a clear setup,first Hour London candle just closed
as you can see,both Daily and H1 are green,so we have a buy signal there

snapshot 2 --> you can see the new candle has just started froming (it is the a small red line on the chart)
and my question is about the EXACT point of entry:

should I enter long at the first dotted line,at price level 1.09650 or at the first price level ending with double 00 1.09700 ?
this is very important for me
this system could be good
thx
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-01-20 10_48_03 12i____1.gif Size: 83 KB
Click to Enlarge Name: 2016-01-20 11_00_00 12_____2.gif Size: 66 KB
DO UT DES
  • #33,632
  • Jan 29, 2016 9:48am Jan 29, 2016 9:48am
Quoting bapakjason
{quote} LuXing, Are you using an indicator to see a certain % of daily range to be reached? Or watching for the break out of a predetermined range? Thanks for your time- Jason
I am using the ADR extended indicator (bottom left of my chart), which you can find in the attachments.
When daily range reaches 50%, you often see hesitatation in the market. Up or down ?
Yes I also watch break out signals, the psy level dash indi can be of great help to monitor various pairs.

LuXing
Wisdom begins in wonder
  • #33,633
  • Jan 29, 2016 9:52am Jan 29, 2016 9:52am
Quoting cigarguy
AU M1 scalp +26.5 (5 lots +5.3) entered on retrace from quarter level with notable volume and MM momentum with a 5 +/- pips take profit. I did not take the first trade of the new hour candle due to no volume/momentum confirmation. {image}
Same old same old. Throw in 12 lots long, get 3 pips and you get 36 pips...
Weīve had this discussion before
Here, stick this on your chart and tell me how many pips you really got.

LuXing
Attached File(s)
File Type: mq4 i-Profit Tracker-Fixed No Money.mq4   17 KB | 601 downloads
Wisdom begins in wonder
  • #33,634
  • Jan 29, 2016 9:57am Jan 29, 2016 9:57am
Quoting hovedguy
First win using this original system.....I know I'm late in finding this nice strategy, is there anybody still trading with this? {image}
Yes.

Quoting hovedguy
Here's the result of 1st hour London Open - 1. GBPJPY - SL 2. EURUSD - BE 3. GBPUSD - SL 4. EURJPY - TP Any comments on what's wrong with my trades? Thanks in advance !! {image} {image} {image} {image}
Unless I am mistaken, you traded the GBPJPY against the H4 candle.
I would advise strongly against that.

Try to see it like this. The forex marketīs open 24 hours and the three main sessions are the Asian, European, North American.
To simplify things, letīs say each session is 8 hours and consists of 2 x 4 hour candles.
Why go long if half of the session (H4 candle) is negative / red ?

Ergo: Trade with the trend, not against it.

LuXing
Wisdom begins in wonder
  • #33,635
  • Jan 29, 2016 10:33am Jan 29, 2016 10:33am
Quoting JibalaPasan
{quote} The reason seems to be people are busier in trading rather than writing. For the strategy itself all has been said / written already. It still works pretty well if you simply follow the rules or modify it to your own gusto. The system has been developed to run in a 15 min. chart. Hence, if you run it on a 5 min. chart wait on candle close of the first candle after open. Especially LO (overlapping with Frankfurt) comes up with many false breakouts during the first minutes of market open.
Yes, new year, new good resolutions !!! Unfortunately less trading, NPO projects eating up time.
Please relay my apologies to nasap for my uncalled for remark, ironically enough due to trading time constraints I needed to automate this system myself .

Almost all has been said.
The only thing I can possibly think of right now is the subject of correlation strength, gracefully illustrated below.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Correl Nasap ForexFabrik.png Size: 1.3 MB
Wisdom begins in wonder
  • #33,636
  • Jan 29, 2016 10:42am Jan 29, 2016 10:42am
Quoting Udine
{quote} Hovedguy, that it slowed down does not mean it it does not work.. fact is that after over 1600 pages all has been said ... but I can assure you it works !! cheers Udine
"It" - or for that matter any system or strategy with a zillion tweaks - works for 5% of retail traders, the other 95% is losing money.
Zero sum game, simple as that, more than enough stats about it.

LuXing
Wisdom begins in wonder
  • #33,637
  • Jan 29, 2016 10:49am Jan 29, 2016 10:49am
Quoting the bourne
mmm I was studying this system saving some snapshots on H1 TF for later review my question is for Udine or some experienced system user snapshot 1 --> this is a clear setup,first Hour London candle just closed as you can see,both Daily and H1 are green,so we have a buy signal there snapshot 2 --> you can see the new candle has just started froming (it is the a small red line on the chart) and my question is about the EXACT point of entry: should I enter long at the first dotted line,at price level 1.09650 or at the first price level ending with...
Take time and read the first 500 or so pages of the thread, first 1000 pages even better.
You should not worry too much about entering at the 50 or 00 levels.
These psycological price levels are merely a line in the sand and trading only based on these is a coin flip at best, which means that you will lose money.
It needs to be combined with other trading techniques you master (or must still learn), such as price action, currency strength, ...

LuXing
Wisdom begins in wonder
  • #33,638
  • Jan 29, 2016 11:24am Jan 29, 2016 11:24am
Quoting Xman43
I tried to put the EA of post 8367 (WUKAR with trailing stop) in the MT4 tester (with the 0,0 commission set file), on M15 EURUSD, all ticks, ... No trades were taken, no error messages either. Any suggestions? Anyone tested the EA?
Strange, really strange.
Mine is firing trades like hell but they all finish in stoploss.
Maybe you are running it with a broken frontend ?

Quoting admir
Hi My wukar ea is not working! Can someone help me?


LuXing
Wisdom begins in wonder
  • #33,639
  • Jan 29, 2016 7:06pm Jan 29, 2016 7:06pm
Quoting LuXing
{quote} I am using the ADR extended indicator (bottom left of my chart), which you can find in the attachments. When daily range reaches 50%, you often see hesitatation in the market. Up or down ? Yes I also watch break out signals, the psy level dash indi can be of great help to monitor various pairs. LuXing
Went on a posting spree did we?
As always, thank you for your time. Hope your year is filled with wins, and more importantly, with joy.
Jason
  • #33,640
  • Jan 30, 2016 3:55am Jan 30, 2016 3:55am
Quoting LuXing
{quote} Take time and read the first 500 or so pages of the thread, first 1000 pages even better. You should not worry too much about entering at the 50 or 00 levels. These psycological price levels are merely a line in the sand and trading only based on these is a coin flip at best, which means that you will lose money. It needs to be combined with other trading techniques you master (or must still learn), such as price action, currency strength, ... LuXing
Thank you for reply LuXing
I was askin for some experienced trader to clarify that point,and you are one of those for sure
I've just read half of the thread and I've been watching hundreds of my saved screenshots about Udine system

my findings are= stick to the 00 level

and I'm involved with Forex since 2008

my suggestion about Price Action for newbies are(= be aware of before entering a trade):

ADR
DayBefore High and low
Pivots
BigRoundNumber
DailyOpen
WeeklyOpen
Higher TimeFrame TradeLines
200 and 100 Daily Moving Average(very powerful)
Candlestick patterns

DO UT DES
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