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As simple as possible: 00 level trading

  • #33,661
  • Feb 11, 2016 3:08pm Feb 11, 2016 3:08pm
Which indicator should be controlling those values?
  • #33,662
  • Feb 11, 2016 9:18pm Feb 11, 2016 9:18pm
Quoting fire680
Can someone be so kind as to tell me how to get the values in the square boxes of the sweet spot lines. I have the lines but not the values. Thanks
If the labels are not shown you must switch to true "Show_Labels" in the settings of the indicator.
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #33,663
  • Feb 12, 2016 7:08am Feb 12, 2016 7:08am
It is the sweetspot gold indicator.
Quoting fire680
Which indicator should be controlling those values?
  • #33,664
  • Feb 12, 2016 7:10am Feb 12, 2016 7:10am
Hello all,

Only 1 trade today, this morning after LO.

GBPJPY -> TP

Kind regards,
Gizmo96
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 20160212 0915.png Size: 26 KB
  • #33,665
  • Feb 12, 2016 7:41am Feb 12, 2016 7:41am
Thank you very much for the help - but this indicator does not have an input for "show labels" ?

It is sweetspotsGOLD_TRO_MODIFIED_VERSION
  • #33,666
  • Feb 12, 2016 10:00am Feb 12, 2016 10:00am
Quoting gizmo96
Hello all, Only 1 trade today, this morning after LO. GBPJPY -> TP Kind regards, Gizmo96 {image}
Please post the complete chart, where we can see symbol, price, date and hour, timeframe, etc.

In my book GBPJPY was a total no go. See M30 chart below, what does the monstrous upper wick tell you ?
Even on M15, below the M30 chart, the upper wick is quite clear.
Now, IF you entered on the first M15 candle at the BRN, this is not a low risk trade. M15 average candle size is 34 pips, your entry was at 41.7 pips above candle open....

LuXing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB
Click to Enlarge Name: Screenshot2.png Size: 81 KB
Wisdom begins in wonder
  • #33,667
  • Feb 12, 2016 1:36pm Feb 12, 2016 1:36pm
Hi LuXing,

First of all, thanks for the feedback on my trade.

Attached is a bigger screenshot of my trade.
I entered at the second 15 minute candle after LO.
The reasons for me to take the trade:
1. D1 = up, H4 = up, H1 = up and 15M = up;
2. The price passed the .900 level;
3. There was enough volatility.

I'll be more careful in the future

Kind regards,
Gizmo96


Quoting LuXing
{quote} Please post the complete chart, where we can see symbol, price, date and hour, timeframe, etc. In my book GBPJPY was a total no go. See M30 chart below, what does the monstrous upper wick tell you ? Even on M15, below the M30 chart, the upper wick is quite clear. Now, IF you entered on the first M15 candle at the BRN, this is not a low risk trade. M15 average candle size is 34 pips, your entry was at 41.7 pips above candle open.... LuXing {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Feb 12 20-26-38.png Size: 61 KB
  • #33,668
  • Feb 12, 2016 5:08pm Feb 12, 2016 5:08pm
Quoting Drewas
Great system. Thanks Udinefx. Still works. Why does it work? Check out attached study. A little out of date but principles still stand, do your own research. {image}
Excellent Study Brother. Thanks for sharing.
Forex; the game of movements not the game of candles.
  • #33,669
  • Feb 13, 2016 3:08am Feb 13, 2016 3:08am
Quoting fire680
Thank you very much for the help - but this indicator does not have an input for "show labels" ? It is sweetspotsGOLD_TRO_MODIFIED_VERSION
Can you show a screenshot?
Attached is a screenshot, I think that JibalaPasan is refering to that setting.

Kind regards,

Gizmo96
Attached Image (click to enlarge)
Click to Enlarge Name: Knipsel.JPG Size: 53 KB
  • #33,670
  • Feb 13, 2016 8:16am Feb 13, 2016 8:16am
Strange mine is different.
Attached Image
  • #33,671
  • Feb 13, 2016 11:42pm Feb 13, 2016 11:42pm
hello all,thanks Udine for sistem and God bless you and all traders!

I have a few easy questions please?

2. Entry ONLY the FIRST 00 level - from 1H or after that marjet open? or ?

14. Stop Loss 10 pips
15. Take profit 5 pips

is not same with: 16. Trailstop 3.5 pips & Stoploss to BE @ 3.5 pips and if is not what is 16. please?

17. Only pending orders?

thanks all in advance!

My MT4 is 4.0 950 by fxpro(broker) I think is last vs? I hope to not have any problem with wukar sistem?
  • #33,672
  • Feb 15, 2016 1:48am Feb 15, 2016 1:48am
I think that there are 2 different version in this thread.
Attached is the version that I use, please have a look at those files and see if your problem is solved.

Kind regards,
Gizmo96
Quoting fire680
Strange mine is different. {image}
Attached File(s)
File Type: mq4 SweetSpotsGOLD_TRO_MODIFIED_VERSION.mq4   6 KB | 583 downloads
  • #33,673
  • Feb 15, 2016 1:50am Feb 15, 2016 1:50am
Thank You gizmo96
  • #33,674
  • Feb 15, 2016 1:53am Feb 15, 2016 1:53am
You're welcome

Quoting fire680
Thank You gizmo96
  • #33,675
  • Feb 15, 2016 4:36am Feb 15, 2016 4:36am
Hi all,

First, and for now last, trade for today.
EURUSD -> TP.

Kind regards,

Gizmo96
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 20160215 0915.png Size: 70 KB
  • #33,676
  • Feb 15, 2016 8:46am Feb 15, 2016 8:46am
Quoting gizmo96
Hi all, First, and for now last, trade for today. EURUSD -> TP. Kind regards, Gizmo96 {image}
Nice one.

Still canīt see the entry level on your chart though. Guessing it was the BRN though, right ?

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 98 KB
Wisdom begins in wonder
  • #33,677
  • Feb 15, 2016 8:56am Feb 15, 2016 8:56am
Hi LuXing,

I see what you mean after looking at the screenshot.
It was indeed at the BRN.
I missded the EURUSD one that you took, but you can't have them all

Kind regards,

Gizmo96
Quoting LuXing
{quote} Nice one. Still cant see the entry level on your chart though. Guessing it was the BRN though, right ? LuXing {image}
  • #33,678
  • Feb 15, 2016 12:07pm Feb 15, 2016 12:07pm
Hello fellow traders,

I was browsing through my toolbox and found a couple of indis that will come in handy for you.
All these indicators are courtesy of rhtrader.

1. RH_CCYMagic, the Giraia currency meter, with the "tuned" 5th order polynomial fit formula. This one will display the exact currency value to the 1/100th. Its customizable, moveable, etc... The nice thing is that it will rank and number the currencies for you from strong to weak.

2. RH_CorrelByPair. This one will display the Pearson correlation of the users choice of 2 currency pairs. It will auto change/adapt to Timeframes. Again customizable in terms of #periods, positioning, colours, etc. This indicator will not work correctly if the CCYMagic (Giraia) is not loaded on a(nother) chart.

Enjoy & happy trading.

LuXing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB
Click to Enlarge Name: Screenshot2.png Size: 103 KB
Attached File(s)
File Type: ex4 RH_CCYMagic_RF v0.12.ex4   19 KB | 839 downloads
File Type: ex4 RH_CorrelByPair v0.1.ex4   23 KB | 737 downloads
Wisdom begins in wonder
  • #33,679
  • Feb 16, 2016 6:51am Feb 16, 2016 6:51am
I donīt think thereīs a rule as such not to do it, but taking a trade when the current candle is crossing the daily open is sometimes not such a great idea.
Sometimes it works, sometimes it doesnīt. I think in future I will not take these anymore. Too risky...

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: highwire.png Size: 215 KB
Wisdom begins in wonder
  • #33,680
  • Feb 16, 2016 6:53am Feb 16, 2016 6:53am
CHFJPY to TP, TP level right on daily support 2.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 55 KB
Wisdom begins in wonder
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