Thread: As simple as possible: 00 level trading

Originally Posted by ;

2nd trade of this day. Daily target reached. Tomorrow another day. Remain green image

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As you scalping for 5pips only, why not trade 5min tf?

Very interesting - can give it a test run

Originally Posted by ;

quote, As you scalping for 5pips just, why not trade 5min tf?

No demand. 15M or perhaps 1H Is Sufficient time to set pending orders...

Stay green

Nice one, TRO horizontal lines trading, together with H1 and D1 candle color, great to see it working in action, I tried in the past but had mixed success, possibly just looking at one or two pair like you'd be better.

Originally Posted by ;

Nice one, TRO flat lines trading, with H1 and D1 candle colour, excellent to see it working in action, I tried previously but had mixed success, maybe just looking at a couple of pair as if you would be better.

Yup, dont get greedy and you'll do fine

Do you think your indis and system works also for Weekly/4H rather than Daily/1H?

That could be a far more confortable TF for my 9-5 job....

Thank you for sharing

Originally Posted by ;

2nd commerce of this day. Daily goal attained. Tomorrow another day. Remain green image

I may have missed a principle... But why did you entered your 2nd commerce so overdue while the price crossed multiple levels... after the 1st one was closed?

Originally Posted by ;

Can you think that your indis and system functions also for Weekly/4H rather than Daily/1H? That would be a much more confortable TF for my 9-5 job.... Thanks for sharing

No idea. try it and let us know

Originally Posted by ;

quote I might have missed a rule... But why would you entered your 2nd trade so overdue while the price crossed multiple levels... even after the 1st one was closed?

Following the 1st trade, the next hour was up as well, but during this hour was GBP RED NEWS (Building PMI), so not trading this hour. I waited to get the price to repay after the RED NEWS. The following hour was green also, so new opportunity to pick up 5 pips.

You can say that I assess each new hour to get a potential trade, until I attain my daily goal.

Occasionally I go to get a bonus (additional transaction (s)).

Stay green

Originally Posted by ;

Someone here said that 00/05 amounts are only lines in the sand to provide us orientation. Despite I still continue to favor pending stop orders for this egy, occasionally in the event that you find enough impulse/momentum and increasing strength of one currency vs the other you can consider to jump in at market. picture picture

Exactly. I've been having better results using momentum but occasionally my trade travels toward the DO rather than away so I haven't been posting any.