As simple as possible: 00 level trading
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Thread: As simple as possible: 00 level trading

  1. #1
    Hi all,

    FOR ALL THE PEOPLE CHECKING IN..

    WELCOME AND REALIZE THAT ALTHOUGH WE ARE IN THE COMMERCIAL CONTENT SECTION OF FF.COM, HERE IS ALL FOR FREE. .

    The Sole EXPENSES You'll EVER HAVE, IS THAT WHEN WE EVER MEET, YOU PAY FOR A COFFEE

    CHEERS

    UDINE

    I've not Existed for Some Time, and some folks asked me how I trade today, so I thought to give you my own #8220;trading egy #8221;.
    BTW: this #8220;so called trading egy #8221; is not anything first, and I invented nothing new here!!!

    I post it in a Word doc., as I cannot stain my eyes too much, nevertheless having eye difficulties...

    cheers and stay green!!



    Edited: word doc

    Twelve significant posts:

    post 711: https://www.nigeriaforextrading.com/...d-trading.html (the best way to plan living off forex earnings)

    post 879: https://www.nigeriaforextrading.com/...dior-help.html (why folks dont succeed in forex)

    post 3215: https://www.nigeriaforextrading.com/...g-journal.html (system analysis)

    post 8386: https://www.nigeriaforextrading.com/...weblogger.html (trademanager)

    post 11470: https://www.nigeriaforextrading.com/...-deletion.html (no trade news indior)

    post 17292: https://www.nigeriaforextrading.com/...5-eur-jpy.html ( piece of mind indior)

    post 21460: https://www.nigeriaforextrading.com/...-database.html (how stable is the table???)

    Article 23322: https://www.nigeriaforextrading.com/...g-systems.html (dashboard)

    post 27751: https://www.nigeriaforextrading.com/...e-pattern.html (PDF BCC ( Discipline Focus Belief Confidence Consistency)

    post 28362: https://www.nigeriaforextrading.com/...ange-help.html (the 4 entrance amounts on the 30M chart)

    post 28750: https://www.nigeriaforextrading.com/...dio-alert.html (the 30M template)

    post 29138: https://www.nigeriaforextrading.com/...g-journal.html (professional attitude/business believing by LuXing)

    from a mathematical point of view:

    say 8 hours of trading 8 potential trading opportunities per pair * two pairs = 16 opportunities (4 pairs = 32 opportunities)

    I ought to be able to make 2 * 5 pips from those dont I??

    That is why I dont believe any rush to start trading, I understand the opportunities are out there...

    SUMMARY TRADING RULES:

    1. D1 1H candle colour MUST be both red or both green
    2. Entry ONLY the initial 00 level
    3. Frankfurt open just .400/.500/.600 degrees
    4. London open all degrees
    5. No short @ .100 level
    6. No long @ .900 level
    7. No trading 1 hour prior to RED NEWS about the pair
    8. No trading less than 30 minutes after RED NEWS at the pair
    9. After 4 losses stop trading for the day
    10. Higher chance at market opens (new money into the market
    11. Check ADR
    12. Distance to BRN gt; 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. Just pending orders
    18. Trade higher ADR pairs only
    19. My pairs EJ and GJ
    20. Just 1 trade per hour each pair
    21. A error is 10 burpees

    Indiors zipfile (mq4) in Post 4
    https://www.nigeriaforextrading.com/...1844927616.doc
    https://www.nigeriaforextrading.com/...2064086312.doc
    https://www.nigeriaforextrading.com/...1661655054.ex4
    https://www.nigeriaforextrading.com/...0273843672.zip
    https://www.nigeriaforextrading.com/...2000545038.zip

  2. #2
    Quote Originally Posted by ;
    Thank you for sharing. I can not find a rule about SL... The way you exit your trade once you realised that you were wrong (price reverses before the TP)?
    ,

    sorry forgot to mention... My fixed SL = 10 pips.

    Stay green

  3. #3
    Here the zipfile using indiors, the template along with the experts.

    WUKAR EA = concealed SL TP it's called WUKAR, because it reminds me of what I want to do (Wake Up Kick Ass Repeat)
    Wheelbarrel EA = trailstop EA, just put on one chart and it will work with open charts.

    Recall to trade only the pairs with bigger ADR and dont be greedy. .
    https://www.nigeriaforextrading.com/...1671085441.zip

  4. #4
    My first trade of the morning... GBPJPY (apart from the EURJPY, the sole pairs I exchange )...

    Now awaiting the upcoming RED NEWS to settle. .

  5. #5

  6. #6
    Quote Originally Posted by ;
    quote , sorry forgot to mention... My fixed SL = 10 pips. Stay green
    Thank you!

  7. #7
    Thanks for the system

    Just a but confused about trading at the Course of the daily candle?

    On you GBP/JPY commerce, the daily candle should have been red throughout the hour prior to your trade and then turned green, so do we trade the colour just before Frankfurt open?

    thanks

    Martin

  8. #8
    Quote Originally Posted by ;
    Thanks to This Machine Merely a but confused about trading in the direction of the daily candle? On you GBP/JPY commerce, the daily candle must have been red upto the hour prior to your trade and then turned green, so might we exchange the color before Frankfurt open? Thank you Martin
    Nope,

    the white line is the daily open line. Price = over the daily open line =gt; daily candle = green = ONLY LONG!! . .
    If during the day the price goes beneath the daily open line the daily candle red... signifies ONLY SHORT. .

    Easy. .

  9. #9

  10. #10
    2nd commerce of this day. Daily target reached. Tomorrow another day.

    Stay green



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