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As simple as possible: 00 level trading

  • #33,801
  • Mar 10, 2016 3:36am Mar 10, 2016 3:36am
Quoting LuXing
{quote} Nice and profitable. Keep it up Multimillion ! Am I wrong, but viewing the template it seems your trade seems to be based on Udines (now comercial system) ? LuXing
Yes, some elements from his perfect EURUSD classes, but there we talk about standard H1 entry regarding the CS, trend, first M5 candle like you have described in your advises..

Stay positive, Multimillion
"All will be correctly, in this world is built" - The Master and Margarita
  • #33,802
  • Mar 10, 2016 3:38am Mar 10, 2016 3:38am
NZDUSD and EURGBP to TP

LuXing
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Wisdom begins in wonder
  • #33,803
  • Mar 10, 2016 3:55am Mar 10, 2016 3:55am
Quoting LuXing
NZDUSD and EURGBP to TP LuXing {image} {image}
Perfect trades, as well as first 2.
Do yo have opened all charts or use some dash to quick open needed one according to CS for example?

Thanks & stay positive!
"All will be correctly, in this world is built" - The Master and Margarita
  • #33,804
  • Mar 10, 2016 4:27am Mar 10, 2016 4:27am
B for breakout.

GBPCAD to TP

LuXing
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  • #33,805
  • Mar 10, 2016 6:51am Mar 10, 2016 6:51am
To finish off the day:

AUDCHF and NZDCHF to TP

LuXing
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  • #33,806
  • Mar 10, 2016 6:57am Mar 10, 2016 6:57am
Quoting LuXing
To finish off the day: AUDCHF and NZDCHF to TP LuXing {image}
Great trading as usual LuXing. And thanks for posting your charts. Learning a lot watching you trade
Do good and disappear...
  • #33,807
  • Mar 10, 2016 8:36am Mar 10, 2016 8:36am
Quoting LuXing
B for breakout. GBPCAD to TP LuXing {image}

Hey LuXing,

Do you ALWAYS use CS as a filter? I obviously can't tell what the Forexgrail would have been showing at the time you made the trade but it seems to me that this pair wouldn't be that strong. Of course I could be wrong. Was it only based on the breakout?

Thank you!

Dobbsie
  • #33,808
  • Mar 10, 2016 8:52am Mar 10, 2016 8:52am
Quoting Dobbsie
{quote} Hey LuXing, Do you ALWAYS use CS as a filter? I obviously can't tell what the Forexgrail would have been showing at the time you made the trade but it seems to me that this pair wouldn't be that strong. Of course I could be wrong. Was it only based on the breakout? Thank you! Dobbsie
Yes, I do always use currency strength as a filter.

Artists like Masterrmind & Snail can trade patterns and price action which is the purest trading form but I am too stoopid for that
Forexgrail was showing GBP at 5.5-6 and CAD 1.75-2 approx.
GBP was not necessarily the strongest pair (NZD was), but CAD was definitely the weakest.
The breakout definitely helped a lot. I had those lines marked on the chart since FFO and it took 4 coffees before it happened.

LuXing
Wisdom begins in wonder
  • #33,809
  • Mar 10, 2016 1:18pm Mar 10, 2016 1:18pm
Quoting LuXing
{quote} Yes, I do always use currency strength as a filter. Artists like Masterrmind & Snail can trade patterns and price action which is the purest trading form but I am too stoopid for that Forexgrail was showing GBP at 5.5-6 and CAD 1.75-2 approx. GBP was not necessarily the strongest pair (NZD was), but CAD was definitely the weakest. The breakout definitely helped a lot. I had those lines marked on the chart since FFO and it took 4 coffees before it happened. LuXing
Thanks for the reply!

You've just told me your secret...coffee!!
  • #33,810
  • Mar 10, 2016 3:48pm Mar 10, 2016 3:48pm
Hello

please I'd need this indi modified with TimeFrame add-ons


UFX TREND MULTIMETER
I've downloaded all "UFX" indicators from this thread,but the best I found show D1-H4-H1

I'd like to have D1 H4 H1 M30 M15 M5 M1
OR
D1 H4 H1 M15 M5



THX
DO UT DES
  • #33,811
  • Mar 10, 2016 4:37pm Mar 10, 2016 4:37pm
Quoting the bourne
Hello please I'd need this indi modified with TimeFrame add-ons UFX TREND MULTIMETER I've downloaded all "UFX" indicators from this thread,but the best I found show D1-H4-H1 I'd like to have D1 H4 H1 M30 M15 M5 M1 OR D1 H4 H1 M15 M5 THX


Read the thread, use the "search" function !!!

As for the remainder of the desiderata, you will have to (learn to) program it yourself.

LuXing
Wisdom begins in wonder
  • #33,812
  • Mar 10, 2016 9:50pm Mar 10, 2016 9:50pm
Quoting Dobbsie
{quote} Thanks for the reply! You've just told me your secret...coffee!!
Lol ! That must be it!! Udine drinks that a lot too to make price break out
Do good and disappear...
  • #33,813
  • Mar 11, 2016 4:34am Mar 11, 2016 4:34am
Today´s trades:

#1 GBPJPY to TP
#2 NZDCAD to TP
#3 AUDJPY to TP
#4 USDCAD would have gone to TP, if it were not for my intervention. +2 pips only.

Time to stop, good luck to those who continue to trade and have a good weekend.

LuXing
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Wisdom begins in wonder
  • #33,814
  • Mar 11, 2016 6:06pm Mar 11, 2016 6:06pm
Saw 2 more beautiful opportunities, so I decided to take the following:

GBPJPY and CADJPY to TP.

LuXing
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  • #33,815
  • Mar 11, 2016 6:43pm Mar 11, 2016 6:43pm
Quoting ender600ro
{quote} Very nice Luxing, you dancing on the charts )) Me today after 7.30 pm nothing but I avoided from the pair after NZD big event )) Keep always green!
Thanks Alin.

Very intelligent of you to avoid NZD trades after such a big nosedive.

One of the rules I have set is the following:
If at NY close a pair has moved more than 2 x its usual ADR, I will not trade it during the Asian session.

i.e. After Draghi fireworks, I think it was EURAUD that had moved up 600 (!!!) pips. Imagine taking a long EURAUD when Tokyo Opens one hour after ?
Not me, thanks but no thanks.

All the best and green pips to you.

LuXing
Wisdom begins in wonder
  • #33,816
  • Mar 12, 2016 5:59am Mar 12, 2016 5:59am
Quoting LuXing
{quote} Thanks Alin. Very intelligent of you to avoid NZD trades after such a big nosedive. One of the rules I have set is the following: If at NY close a pair has moved more than 2 x its usual ADR, I will not trade it during the Asian session. i.e. After Draghi fireworks, I think it was EURAUD that had moved up 600 (!!!) pips. Imagine taking a long EURAUD when Tokyo Opens one hour after ? Not me, thanks but no thanks. All the best and green pips to you. LuXing
Hello all! Thanks Luxing this is another tip, good to know! About NZD is that biiig candle ) in down what never seen before!Have a nice weekend and always green!
  • #33,817
  • Mar 14, 2016 4:47am Mar 14, 2016 4:47am
CADJPY to TP
AUDJPY to TP

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Stay positive, Multimillion
"All will be correctly, in this world is built" - The Master and Margarita
  • #33,818
  • Mar 14, 2016 2:57pm Mar 14, 2016 2:57pm
Total crap day for trading. Lack of direction in the market (NZD being the only exception), plenty of false breakouts, ...

#1 USDCAD to TP @ FFO
#2 CHFJPY to TP
#3 EURUSD to TP
#4 NZDJPY to TP
#5 AUDUSD to TP
#6 NZDUSD to TP
#7 NZDJPY twice more to TP

LuXing
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Wisdom begins in wonder
  • #33,819
  • Mar 14, 2016 3:09pm Mar 14, 2016 3:09pm
Great trading. One question why so 'late' entry on CHF/JPY? wouldn't 115.200 OR 115.150 be less riskier entries?
We're all just one trade away from humility.
  • #33,820
  • Edited 4:36pm Mar 14, 2016 4:08pm | Edited 4:36pm
Quoting Drewas
Great trading. One question why so 'late' entry on CHF/JPY? wouldn't 115.200 OR 115.150 be less riskier entries?
Good thinking, but yes and no.
Look at the M5 chart below.

1. I dont trade during the first M5 candle, but let the market decide direction first. At London Open, CHF was very weak and JPY very strong indeed. Candle Open was at 155.501 and the DP near at 115.413. After the first 5 minutes candle closed at 115.399
2. When the market opens, theres 2 things you can do in these cases, jump in straight away or wait.
Jumping in straight away is a gamble at best. So basically when gambling, one can have 2 outcomes, a sore ass (Stoploss) or TP in no time. What would have been the consequence of jumping in straight away ? In this case a TP.
3. If on the first M5 candle the pair I wanted to trade would have made a TP in the first "burst", I will walk away and not trade it until the next hour.
Pls bear in mind that this is what I do, its not saying its the right or the wrong thing, I dont care because I have made it my rule.
4. At London plus 1 hour, DP cleared, CHF weakness and JPY strength were still there so I took the trade at the next possible level (BRN) marked on the chart with a thumbs up.

Late ? Yes, but profitable, +6.7

Green pips to you.

LuXing
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