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As simple as possible: 00 level trading

  • #34,461
  • Sep 12, 2016 1:35am Sep 12, 2016 1:35am
New week, off we go.

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flipfloptrader forum
  • #34,462
  • Edited 8:01am Sep 12, 2016 2:21am | Edited 8:01am
I am having trouble getting the strength meters to work. I tried "currency strength - Giraia suffix" but nothing comes up. "RH_CCYMagic" but again nothing happens. And "StrengthMeterSession" which opens a new window at the bottom but there is nothing in it.

Aha I found it. broker is using strange names with (£) as suffix to the pair names, like EURUSD(£) so some indi's can't find them. fixed now
  • #34,463
  • Sep 12, 2016 8:29pm Sep 12, 2016 8:29pm
Another trade from NY open. Picked the wrong pair as EURGBP just moves so slow but eventually got there.


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flipfloptrader forum
  • #34,464
  • Sep 13, 2016 1:32am Sep 13, 2016 1:32am
AUD very weak (again).

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flipfloptrader forum
  • #34,465
  • Sep 13, 2016 8:09am Sep 13, 2016 8:09am
Should have picked EURJPY but in the end, it was a positive result. Just kept in play.

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flipfloptrader forum
  • #34,466
  • Sep 14, 2016 1:24am Sep 14, 2016 1:24am
Weak Yen continues.

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flipfloptrader forum
  • #34,467
  • Sep 14, 2016 1:36am Sep 14, 2016 1:36am
GBPUSD, non correlated to NZDJPY. Moved stop to breakeven once it missed TP by 0.1pips but thankfully pushed up again.

Got a hunch on a different way of profiting from this strategy but need a lot more data first. Good week thus far.

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flipfloptrader forum
  • #34,468
  • Sep 14, 2016 3:46am Sep 14, 2016 3:46am
Managed to squeeze 18.5 pips from this one on a 12SL.

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flipfloptrader forum
  • #34,469
  • Sep 15, 2016 12:25am Sep 15, 2016 12:25am
Hi,

May i ask how do we use the RmUp and RmDn? And how does this number come about? Just want to understand the logic incase my setting is wrong. If current price is 102.416 and RmUp is 66, does it mean it still have 66 pips up-move before it reaches the resistance? And what is T=? Thanks.
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  • #34,470
  • Sep 15, 2016 1:35am Sep 15, 2016 1:35am
Off and running for the day. Weak NZD.

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flipfloptrader forum
  • #34,471
  • Sep 15, 2016 5:06am Sep 15, 2016 5:06am
Quoting LuXing
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...
Hi Luxing,

I downloaded the Currency strength meter and installed them as well. But nothing popped up in my MT4. Can you advice? Thanks!
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  • #34,472
  • Sep 15, 2016 7:17am Sep 15, 2016 7:17am
Strong CAD pre US news.

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flipfloptrader forum
  • #34,473
  • Sep 16, 2016 8:27am Sep 16, 2016 8:27am
Weak EURO.

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flipfloptrader forum
  • #34,474
  • Sep 18, 2016 6:41am Sep 18, 2016 6:41am
Quoting FlipFlopGC
GBPUSD, non correlated to NZDJPY. Moved stop to breakeven once it missed TP by 0.1pips but thankfully pushed up again. Got a hunch on a different way of profiting from this strategy but need a lot more data first. Good week thus far. {image}
This comment about your "hunch" has made me curious . . . ??
  • #34,475
  • Sep 19, 2016 5:11pm Sep 19, 2016 5:11pm
my 00 level trades from today TP 5 / 6 Pips

not bad for the first day trading with this system

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  • #34,476
  • Sep 20, 2016 2:09am Sep 20, 2016 2:09am
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  • #34,477
  • Sep 20, 2016 7:40pm Sep 20, 2016 7:40pm
Glad to see people are still following and posting. Hey, LuXing, how's it going, buddy? I FINALLY added S/R to my dashboard and waiting to see if that's the final key to profitability. @FlipFlop, DEFINITELY curious to see what your "hunch" is because you're doing really well (as you know)!
  • #34,478
  • Sep 20, 2016 8:08pm Sep 20, 2016 8:08pm
Quoting ericjschroed
Glad to see people are still following and posting. Hey, LuXing, how's it going, buddy? I FINALLY added S/R to my dashboard and waiting to see if that's the final key to profitability. @FlipFlop, DEFINITELY curious to see what your "hunch" is because you're doing really well (as you know)!
Haven't been able to trade this for a couple of days due to work but back to normal today.

Will expand on the hunch throughout the thread, need a lot more results to confirm whether it will work.
flipfloptrader forum
  • #34,479
  • Sep 21, 2016 2:32am Sep 21, 2016 2:32am
#1 AUDUSD to TP

A classic setup borrowed from masters like MasterrMind and LuXing.

I didn't posted anything here for some time since almost everything has already being explained. I dedicated my little free time to another thread on D1 that looks very promising and complements well the 00-level strategy.

Definitely agree with FlipFlopGC on best trading hours: FFO, LO and NYO at least for me.

Best regards,
Bubincka
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Porta itineris dicitur longissima esse
  • #34,480
  • Sep 21, 2016 3:17am Sep 21, 2016 3:17am
Quoting Waterlim
Hi, May i ask how do we use the RmUp and RmDn? And how does this number come about? Just want to understand the logic incase my setting is wrong. If current price is 102.416 and RmUp is 66, does it mean it still have 66 pips up-move before it reaches the resistance? And what is T=? Thanks. {image}
Hi Waterlim,

correct, RmUp and RmDn give us a measure of how much room up/down is expected to move the pair with respect to its ADR (Average Daily Range). If it's red, better not to trade. T stands for Today.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
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