Use the sweetspots gold indicator. Mainlines input set to 10 and sublines set to 5. Nothing else absolutely necessary. image

Simple & profitable: 00 horizontal line trading

The exits are discretionary. When profit presents itself, a decision must be made either take it or risk it. Just as often, traders wish they had taken profit when they had the chance. EURJPY moves 11 pips per H1 bar most of the time. Take away the ...

Simple & profitable: 00 horizontal line trading

Sure did. Same chart used daily. Though for purposes of clarity, the X0 lines are grey and the X5 are blue now making the entry and exit more visible.

As simple as possible: 00 level trading

Thank you for stopping by. I wish you well in your trading and your life.

Simple & profitable: 00 horizontal line trading

image Lot of movement.

Simple & profitable: 00 horizontal line trading

Price starts and stops moving. Enter a trade. Price moving in your direction, your trade P/L goes from red to green and price stops moving. You exit. When trade P/L is red and reaches your trade risk amount, you exit.

Simple & profitable: 00 horizontal line trading

Profit is to be taken swiftly once the pair stops moving

Simple & profitable: 00 horizontal line trading

Anyone is free to take a system and modify it to their liking. Some will be successful, most will fail.

Simple & profitable: 00 horizontal line trading

Those are very good questions. Not all threads condone that behavior and permit people to be treated that way.

As simple as possible: 00 level trading

Extremes skew averages. This does not occur with frequency distribution.

As simple as possible: 00 level trading

image Above each candle, top green number is pips (high - open) , bottom green number (close - open) and below each candle, bottom red number is pips (open - low), top red number (open - close). The pips are there for those with the guts to trade.

Simple & profitable: 00 horizontal line trading

image Deja vu!

As simple as possible: 00 level trading

Traders have the knack for taking simple systems and complicating them thus destroying them and their accounts. Currency pair price is in flux and should be handled accordingly. In the moment and at the time is trading. Every tick a decision is ...

Simple & profitable: 00 horizontal line trading

Those are not part of this system. Your ideas could be used in another system. Why what for the 00 lines? How often do you see a close at 00? Traders move price away from 00 lines.

Simple & profitable: 00 horizontal line trading

For the purposes of this thread and 000 trading the H1 frequency distribution shows the range of movement to be expected during the H1 bar. 10 pips or more almost 68% of the time. This knowledge is used for currency pair selection. image

Simple & profitable: 00 horizontal line trading

On the other 00 thread, an attempt to share and explain range frequency distribution (FD) was rebuked. Another reason to start a new thread. FD clearly shows what range values should be expected to occur vs a simple average. image

Simple & profitable: 00 horizontal line trading

ADR and ATR are bandied about on many threads and forums. Though few truly understand how to apply them properly. It only makes sense to look at a group of ADRs or ATRs and discover the minimum and maximum. When a currency pair exceeds the minimum ...

Simple & profitable: 00 horizontal line trading

139.000 or 137.000 take your pick. image

Simple & profitable: 00 horizontal line trading

The "original" method was posted on numerous forums during the last decade.

Simple & profitable: 00 horizontal line trading

There was a USDJPY 000 trade earlier. image

Simple & profitable: 00 horizontal line trading