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As simple as possible: 00 level trading

  • #34,741
  • Mar 28, 2017 9:01pm Mar 28, 2017 9:01pm
Quoting bubincka
{quote} Hi faatkumo, it's not that mechanical- If you only apply blindly the entry rules of course you will get many SL. This thread has evolved a lot since its beginning and some traders have found their way to trade it profitably. Take your time to read the thread, at least the last 700/800 pages better if you read it all- Sad but true, there's no other way. Best regards, Bubincka
Hi Bubincka....I've downloaded every indicator in the attachments section that I could find and still cannot get the lines values to appear on my chart. Would you mind posting the one you are using now and any other suggestions about how I might resolve it?

Thanks
  • #34,742
  • Edited Jun 28, 2017 11:32am Mar 29, 2017 6:33am | Edited Jun 28, 2017 11:32am
Quoting Hambone
{quote} Hi Bubincka....I've downloaded every indicator in the attachments section that I could find and still cannot get the lines values to appear on my chart. Would you mind posting the one you are using now and any other suggestions about how I might resolve it? Thanks
Hi Hambone,

I'm using this one.

Best regards,
Bubincka

{ copyrighted attachments deleted by staff }
Porta itineris dicitur longissima esse
  • #34,743
  • Mar 29, 2017 6:33am Mar 29, 2017 6:33am
Quoting Danielesse87
{quote} Thank you mate and sorry for my bad english! I made a beginners's error... I opened a "Micro Account" with a broker that has very hight spreads to that kind of account! The same broker has a "Zero account" with spreads low but you have to pay a commision fee of 5 USD per 100,000 USD traded. I think that every broker want this commission fee to allow you to trade with low spreads, Am I right? Best regards Daniele


Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #34,744
  • Mar 29, 2017 1:13pm Mar 29, 2017 1:13pm
2. Entry ONLY the FIRST 00 level



WHAT DOES THIS MEAN?
  • #34,745
  • Mar 29, 2017 1:17pm Mar 29, 2017 1:17pm
Also, i don't know how people handle this, but sometimes the H1 COLOR flickers RED or GREEN when right in the middle, what is the EXACT point or MOMENT you can determine its color?
  • #34,746
  • Mar 29, 2017 1:19pm Mar 29, 2017 1:19pm
OPEN orders should be pending ONLY at the "00"???? and NOT at the "50" do i have this correct?
  • #34,747
  • Mar 29, 2017 3:16pm Mar 29, 2017 3:16pm
Quoting faatkumo
OPEN orders should be pending ONLY at the "00"???? and NOT at the "50" do i have this correct?
There is explanation inside in LOndon you can enter in any level in francfurt 400.500.600 i thing i have read..
  • #34,748
  • Mar 29, 2017 3:17pm Mar 29, 2017 3:17pm
Quoting faatkumo
OPEN orders should be pending ONLY at the "00"???? and NOT at the "50" do i have this correct?
Guys i don't know dou you really pay attention in 1st post:
SUMMARY TRADING RULES:

1. D1 & 1H candle color MUST be both red or both green
2. Entry ONLY the FIRST 00 level
3. Frankfurt open only .400/.500/.600 levels
4. London open all levels
5. No short @ .100 level
6. No long @ .900 level
7. No trading 1 hour before RED NEWS on the pair
8. No trading less than 30 minutes after RED NEWS in the pair
9. After 4 losses stop trading for the day
10. Higher probability at market opens (new money into the market
11. Check ADR
12. Distance to BRN > 10 pips (see 5 & 6)
13. Stop trading after reaching daily target
14. Stop Loss 10 pips
15. Take profit 5 pips
16. Trailstop 3.5 pips & Stoploss to BE @ 3.5 pips
17. Only pending orders
18. Trade higher ADR pairs only
19. My pairs EJ and GJ
20. only 1 trade per hour per pair
21. a mistake is 10 burpees
  • #34,749
  • Mar 29, 2017 3:23pm Mar 29, 2017 3:23pm
Perfect entrys today on EA
Attached Image (click to enlarge)
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  • #34,750
  • Edited 12:08pm Mar 31, 2017 10:25am | Edited 12:08pm
Quoting bubincka
{quote} Hi Hambone, I'm using this one. Best regards, Bubincka {file} {file}

Thank you so much Bubincka. I'll give them a shot.

[Update] - they worked well Bubincka. Again - many thanks.
  • #34,751
  • Apr 8, 2017 3:20pm Apr 8, 2017 3:20pm
Quoting bubincka
More trades. #5 EURJPY to TP (x2) #6 AUDUSD to TP (x2) #7 AUDJPY to TP (x2) #8 USDCHF toTP Bubincka {image} {image} {image} {image}

how do you read the strengthlines exactly to enter the trade?
im seeing conflicting examples.

Do you make sure the line is above/below a certain level?
Do you make the line is above the other currency line to determine it as the stronger currency?
  • #34,752
  • Apr 10, 2017 8:28am Apr 10, 2017 8:28am
Quoting faatkumo
{quote} how do you read the strengthlines exactly to enter the trade? im seeing conflicting examples. Do you make sure the line is above/below a certain level? Do you make the line is above the other currency line to determine it as the stronger currency?
Hi faatkumo,

I don't use these strengthlines any more, they were to raw and probably repainted.
Now I'm using this smoother version posted here by master LuXing:

https://www.forexfactory.com/showthr...27#post9239727

I mostly look at direction of lines and cross, not a particular strength level .

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #34,753
  • Apr 10, 2017 10:45am Apr 10, 2017 10:45am
Quoting bubincka
{quote} Hi faatkumo, I don't use these strengthlines any more, they were to raw and probably repainted. Now I'm using this smoother version posted here by master LuXing: https://www.forexfactory.com/showthr...27#post9239727 I mostly look at direction of lines and cross, not a particular strength level . Best regards, Bubincka

Hey thanks bubincka!
very informative.
I think to revive the thread i will send updates of my thoughts on trades.
Feel free to critique.
Thanks!

USDJPY pair looked attractive especially with USD in the 2.29 weak strength area.
Attached Image (click to enlarge)
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  • #34,754
  • Apr 10, 2017 11:12am Apr 10, 2017 11:12am
Quoting LuXing
Smooth sailing today. CADCHF to TP. LuXing {image}
Hey LuXing,
Any idea where i can find the Fib Pivot point indicator? i can't seem to find this anywhere?
Thanks in advance!
  • #34,755
  • Apr 10, 2017 7:28pm Apr 10, 2017 7:28pm
Quoting faatkumo
{quote} Hey LuXing, Any idea where i can find the Fib Pivot point indicator? i can't seem to find this anywhere? Thanks in advance!
Here

LuXing
Wisdom begins in wonder
  • #34,756
  • Apr 10, 2017 8:37pm Apr 10, 2017 8:37pm
Quoting LuXing
{quote} Here LuXing

Thanks so much LuXing!
  • #34,757
  • Apr 11, 2017 10:57am Apr 11, 2017 10:57am
Quoting LuXing
{quote} Here LuXing
Hey LuXing,
I have literally several S/R, Pivot indicators.
Auto Pivot Points
Auto Pivot Fibo
Support and Resistance # TLB OC v02
fiboretracementlevels v2 mod

Am i going overboard here? Which ones should i get rid of? Or which should i keep?

They're really hindering my ability to enter a trade.
Thanks so much
  • #34,758
  • Apr 12, 2017 9:01pm Apr 12, 2017 9:01pm
Haven't had much opportunities these days.
Anyone differ?
  • #34,759
  • Apr 13, 2017 2:43am Apr 13, 2017 2:43am
Quoting faatkumo
Haven't had much opportunities these days. Anyone differ?
I don't envy you. Too many indicators are now holding you hostage! Talk of your own security hindering you from escaping your house fire!
Delete all.

Joke aside, I found a free and a very effective free indicator that takes care of your problem for me. Its free from a commercial website. Once you request for any of the free stuff, you will be emailed about 10 free indicators you can download. You will be able to use it twice with a setting of the default of 30, and invert the colors and size ti 120 so you will see the normal S/R (30) and a major S/R (120). And you will see it very early too. The only problem is that its very annoying except you can block it from automatically opening to their website every time you close a chart its attached to.
Just not sure if I can put the link here before I will be accused of advertising. So you must google it. Here........... FQ Custom Levels
  • #34,760
  • Apr 14, 2017 1:22am Apr 14, 2017 1:22am
Quoting faatkumo
Haven't had much opportunities these days. Anyone differ?
Good Friday, bank holiday in many countries... dead market at the moment (08:16 - GMT + 1).

Happy Easter to everybody and always greep pips!!!!

Bubincka
Attached Image (click to enlarge)
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Porta itineris dicitur longissima esse
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