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As simple as possible: 00 level trading

  • #33,881
  • Mar 23, 2016 7:09am Mar 23, 2016 7:09am
Quoting LuXing
{quote} USDJPY convincingly broke the Previous Day' s High, H4 turned green from the 400 level already (my H4 open was 112.445). When it had cleared PDH by 5-6 pips, and H4 was green, I put in a pending order. I don't look at M5 TF Multimillion, so I really do not know what you are referring to when you talk about the next M5 close. Your CADJPY was a bit risky IMHO, there are 3 reasons I did not take it. 1. look left what happened when PA repeatedly bounced off the .200 level. 2. previous M30 candle was bearish 3. current M30 was crossing the Daily...
Thanks again for your explanations
then I think your NZDCAD trade had the same logic behind?
Attached Image (click to enlarge)
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I where truly sure you switching down to M5 during first 5-10 min of an new session before place orders because of one your comment (Word of advice: DO NOT trade until the close of the first M5 candle.EDIT: until the close of the first M5 candle of Tokyo, FF, London, NY open). that is why I tried to analyse your trades in M5 when I so that it is not the first possible level after M30 close... But now I get the Idea from the another angle

Stay positive, Multimillion
"All will be correctly, in this world is built" - The Master and Margarita
  • #33,882
  • Mar 23, 2016 7:30am Mar 23, 2016 7:30am
NY Open:

GBPAUD (got slipped 2.1 pips) and AUDCHF to TP.

LuXing
Attached Image(s) (click to enlarge)
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Wisdom begins in wonder
  • #33,883
  • Mar 23, 2016 7:42am Mar 23, 2016 7:42am
Quoting Multimillion
{quote} Thanks again for your explanations then I think your NZDCAD trade had the same logic behind? {image} I where truly sure you switching down to M5 during first 5-10 min of an new session before place orders because of one your comment (Word of advice: DO NOT trade until the close of the first M5 candle.EDIT: until the close of the first M5 candle of Tokyo, FF, London, NY open). that is why I tried to analyse your trades in M5 when I so that it is not the first possible level after M30 close... But now I get the Idea from...
Just forget about dialling down to M5 TF, itīs really not necessary.
The first 5 minutes a market opens, I will simply observe and not take a trade.
No need at all to display a chart on a M5 timeframe for that.

First NZDCAD trade, indeed taken only after previous day low was broken, 1 hour into the London session.
Second NZDCAD trade, taken when daily support 1 was breached. I was too slow to get in at the 700 level (candle open was 705).

LuXing
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Wisdom begins in wonder
  • #33,884
  • Mar 23, 2016 8:55am Mar 23, 2016 8:55am
Another AUDCHF to TP.

Enough for today.

LuXing
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Wisdom begins in wonder
  • #33,885
  • Mar 23, 2016 9:53am Mar 23, 2016 9:53am
Quoting LuXing
Another AUDCHF to TP. Enough for today. LuXing {image}
Bravo! Still wonder how you can manage all charts..

Great job!

Multimillion
"All will be correctly, in this world is built" - The Master and Margarita
  • #33,886
  • Mar 23, 2016 11:51am Mar 23, 2016 11:51am
Quoting Multimillion
{quote} Bravo! Still wonder how you can manage all charts.. Great job! Multimillion
I don't manage all the charts Multimillion !!!!

I use the forexgrail spreadsheet and its therefore not necessary to have more than 4-5 charts open at any time (depending on the strength of each of the currencies).
No use in even looking at EURJPY / EURUSD in this example, right ?

LuXing
Attached Images
Wisdom begins in wonder
  • #33,887
  • Mar 23, 2016 4:21pm Mar 23, 2016 4:21pm
A few trades from FFO (Note that spreads are not accurate for FFO as the screenshots were taken later)

USDCHF TP (M5)
Attached Image


GBPUSD SL (M5) - Only just hit 9 pip SL - Against the Rules (shouldn't trade 700 level at FFO) Burpees Done
Attached Image


EURJPY TP (M5)
Attached Image
  • #33,888
  • Mar 23, 2016 5:46pm Mar 23, 2016 5:46pm
Quoting LuXing
{quote} I don't manage all the charts Multimillion !!!! I use the forexgrail spreadsheet and its therefore not necessary to have more than 4-5 charts open at any time (depending on the strength of each of the currencies). No use in even looking at EURJPY / EURUSD in this example, right ? LuXing {image} {image}
LuXing,

one question: Is the forexgrail csm better than other ones? Could I also use for example the giara csm or the nihilist csm v2 indicator? Or is the forexgrail indi in excel much better? If yes, why?

Thanks mate.

Kind Regards

Ben
  • #33,889
  • Mar 24, 2016 8:15am Mar 24, 2016 8:15am
Quoting LuXing
{quote} I don't manage all the charts Multimillion !!!! I use the forexgrail spreadsheet and its therefore not necessary to have more than 4-5 charts open at any time (depending on the strength of each of the currencies). No use in even looking at EURJPY / EURUSD in this example, right ? LuXing {image} {image}
Hi LuXing, sorry for brother you I have downloaded the spreadsheet but i havent understand how to set it.
Thanks,
Marco.
  • #33,890
  • Mar 24, 2016 3:39pm Mar 24, 2016 3:39pm
Quoting LuXing
{quote} I don't manage all the charts Multimillion !!!! I use the forexgrail spreadsheet and its therefore not necessary to have more than 4-5 charts open at any time (depending on the strength of each of the currencies). No use in even looking at EURJPY / EURUSD in this example, right ? LuXing {image} {image}
Very nice, thanks again Luxing more info read I learn more I know! Have a wonderful Easter to you and to the rest of the thread!


Alin
  • #33,891
  • Mar 24, 2016 5:51pm Mar 24, 2016 5:51pm
sorry to jump in, don't want to come up as rude or anything. I have read 70 pages of this thread so far and thought everything was clear after the page 20-ish but kept reading just in case not to miss anything important. Now i see the page almost 1700 and all different names that in the beginning...

i am not even sure what to ask - probably reading and studying the rest of 1600 will take me half of the year.

are you still trading the original way suggested by Udine? What is being discussed for fifteen hundred pages then?

not that I am lazy or anything just confused with hundreds and hundreds of pages ahead...

maybe one of the locals could answer me in a couple of sentences?

cheers.
  • #33,892
  • Mar 24, 2016 6:00pm Mar 24, 2016 6:00pm
Quoting aa1
sorry to jump in, don't want to come up as rude or anything. I have read 70 pages of this thread so far and thought everything was clear after the page 20-ish but kept reading just in case not to miss anything important. Now i see the page almost 1700 and all different names that in the beginning... i am not even sure what to ask - probably reading and studying the rest of 1600 will take me half of the year. are you still trading the original way suggested by Udine? What is being discussed for fifteen hundred pages then? not that I am lazy or anything...
Very natural feeling. This thread has evolved for sure. One of the reasons Udine also had very little to input is because I guess he did not know what else to say. From 4 pairs it became 28 pairs, algos, EAs currency strength etc etc etc. Do yourself a favor. Follow the rules with the 4 pairs recommended and stick with it. You will get your answers. EU, EJ in concert OR EU/GU in concert OR GU, GJ in concert. Everything else that has been added is an evolution and we have to respect that. But the essence remains the same. There are 1000 ways to skin a cat. You just need one. Take one or two trades in a day. Switch your computer off and then spend the rest of the time with your family and friends. Dont trade every session, every move every signal. Take as Udine replied and watch the account grow. It takes discipline. A LOT! Dont get distracted. Good luck.
  • #33,893
  • Edited 9:40pm Mar 24, 2016 9:10pm | Edited 9:40pm
thank you joe for your great answer. you've saved me a lot of time. again, not that i don't want to invest time in my trading education but as everyone who's been around i've seen so many good ideas watered down by the endless repetitions, creating endless versions of never working eas and 'improvements' so i would just feel bad if the same happened here. it is all very clear after the very first few dozens of pages.... i will go demo and if i like the result i will go ahead with it then. thank you again for your kind answer.

where i left there still talk about 2 pairs - gj and ej, so it looks like the 'default' changed to 4 pairs later?
  • #33,894
  • Mar 24, 2016 9:54pm Mar 24, 2016 9:54pm
Quoting aa1
thank you joe for your great answer. you've saved me a lot of time. again, not that i don't want to invest time in my trading education but as everyone who's been around i've seen so many good ideas watered down by the endless repetitions, creating endless versions of never working eas and 'improvements' so i would just feel bad if the same happened here. it is all very clear after the very first few dozens of pages.... i will go demo and if i like the result i will go ahead with it then. thank you again for your kind answer. where i left there...
Please take time to understand how Udine has his screen setup. Read the manual. You will NOT win all the time. Its a game of odds. Read the PDF, BCC that he talks of. Stop searching or jumping from system to system. There are 85,000 systems out there and may be I missed a few. You need one...it does not matter which one. Stick to it...learn. I am sorry as there's no easy way...you will have to read the documents. No other way out. Else I or someone else will be feeding you with answers to every question that you could have easily avoided by stepping up. Thats the reason why this thread got this long my friend. No offense.
  • #33,895
  • Mar 25, 2016 3:00pm Mar 25, 2016 3:00pm
[quote=aa1;8835314]


Call it hELL or HEAVEN, there's not a clear easier shortcut. Death must be part of the plan! Slowly but steadily, you will find all your questions answered in the thread. Just go on reading and practicing what you read. I am doing the same...just so you know.
___
Kay Street
L.L.L.T
  • #33,896
  • Mar 25, 2016 4:00pm Mar 25, 2016 4:00pm
Quoting LuXing
AUDUSD to TP Against the rules (no short at 100 levels), but I will do the burpees. LuXing {image}
Hi Luxing, sorry to break in...what do you mean? I see your entry is at .76100? or did I miss something?
  • #33,897
  • Mar 27, 2016 2:51pm Mar 27, 2016 2:51pm
Quoting kleybenny
{quote} LuXing, one question: Is the forexgrail csm better than other ones? Could I also use for example the giara csm or the nihilist csm v2 indicator? Or is the forexgrail indi in excel much better? If yes, why? Thanks mate. Kind Regards Ben
I don' t know the nihilist csm indicator. Run them all side by side and you tell me ???
The only thing I can tell you is that forexgrail and Giraia are on a par.

Luxing
Wisdom begins in wonder
  • #33,898
  • Mar 27, 2016 2:53pm Mar 27, 2016 2:53pm
Quoting BataviaTrade
{quote} Hi Luxing, sorry to break in...what do you mean? I see your entry is at .76100? or did I miss something?
If you read post #1, there is a summary of the trading rules. Look at rule #5 and that is what I was referring to.

LuXing
Wisdom begins in wonder
  • #33,899
  • Mar 27, 2016 2:56pm Mar 27, 2016 2:56pm
Quoting aa1
sorry to jump in, don't want to come up as rude or anything. I have read 70 pages of this thread so far and thought everything was clear after the page 20-ish but kept reading just in case not to miss anything important. Now i see the page almost 1700 and all different names that in the beginning... i am not even sure what to ask - probably reading and studying the rest of 1600 will take me half of the year. are you still trading the original way suggested by Udine? What is being discussed for fifteen hundred pages then? not that I am lazy or anything...
It has been answered, in the last 50 or so pages.
Bottom line, the "system" rules are a framework, a line in the sand.
Take the best elements and ignore/skip the rest.
Combine, mix, match with any other trading techniques you master.

LuXing
Wisdom begins in wonder
  • #33,900
  • Mar 27, 2016 9:58pm Mar 27, 2016 9:58pm
Thak you luxing, i was also confusing at the beginning.
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