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As simple as possible: 00 level trading

  • #81
  • Jun 3, 2014 8:30am Jun 3, 2014 8:30am
Quoting Udine
{quote} the 1H candle color MUST be the same as the 1D candle color !! otherwise no trade !!
I can see that my statements above are incorrect. I'm trying to make sense of the comments about the previous hour's candle and when trades are taken within the current candle. From your last trade in GJ, it appears that as long as the current hour matches the daily (at the moment), it's a go when it crosses the line. Is that correct?
  • #82
  • Jun 3, 2014 8:30am Jun 3, 2014 8:30am
ok thanks i win 5 lon gbpjpy
  • #83
  • Jun 3, 2014 8:31am Jun 3, 2014 8:31am
20$/point.
Done for the day
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 62 KB
Trade Safe !
  • #84
  • Jun 3, 2014 8:32am Jun 3, 2014 8:32am
Quoting Udine
{quote} Y= yesterday ADR = Average Daily Range 5d = 5 days 10d = 10 days 20d = 20 days RmUp = room up RmDn = room down T = today
Thx Udine, What about RgL and RgH? ADR is based on how many days for calculation?
  • #85
  • Jun 3, 2014 8:32am Jun 3, 2014 8:32am
Quoting jeetvirk
Hi Udine very nice and simple system but i can see spread on charts is very low as compair to my broker. i think to be successful in ur system spread is also playing important part, which broker u trading with.. Thanks regards..

Small spread and a very small commission...
Sleep less, live fast, as it aint gonna last
  • #86
  • Jun 3, 2014 8:33am Jun 3, 2014 8:33am
thnaks ....... its simple

indicator

open day
max day
min day

data on the chart
Attached File(s)
File Type: ex4 Igrok.ex4   6 KB | 1,599 downloads
  • #87
  • Jun 3, 2014 8:40am Jun 3, 2014 8:40am
Quoting Brapp
{quote} I can see that my statements above are incorrect. I'm trying to make sense of the comments about the previous hour's candle and when trades are taken within the current candle. From your last trade in GJ, it appears that as long as the current hour matches the daily (at the moment), it's a go when it crosses the line. Is that correct?

YES !!
Sleep less, live fast, as it aint gonna last
  • #88
  • Jun 3, 2014 8:43am Jun 3, 2014 8:43am
Quoting Udine
{quote} Small spread and a very small commission...
On that topic, Udine, I can obtain spreads of around .6 / .7 on EJ and 1.0 on GJ, with a commission of .5 pip round trip. How does this compare to yours (I guess what I am asking, is, is this low enough to be able to make profit on this method given the R:R and hit rate?)

Thanks again.

H
  • #89
  • Jun 3, 2014 8:44am Jun 3, 2014 8:44am
Quoting lucariga
{quote} Thx Udine, What about RgL and RgH? ADR is based on how many days for calculation?

RgL = Range Low
RgH = Range High

Adr is calculated with period 5 and 25
Sleep less, live fast, as it aint gonna last
  • #90
  • Jun 3, 2014 8:44am Jun 3, 2014 8:44am
Quoting Udine
{quote} YES !!
Thank you! Very elegant.
  • #91
  • Jun 3, 2014 8:44am Jun 3, 2014 8:44am
Quoting HannesJoub
{quote} On that topic, Udine, I can obtain spreads of around .6 / .7 on EJ and 1.0 on GJ, with a commission of .5 pip round trip. How does this compare to yours (I guess what I am asking, is, is this low enough to be able to make profit on this method given the R:R and hit rate?) Thanks again. H
Yes
Sleep less, live fast, as it aint gonna last
  • #92
  • Jun 3, 2014 8:44am Jun 3, 2014 8:44am
Udine, forgive me if this was already answered, the thread is moving quickly -
When you say "re-entries only after a retrace" -> have you defined retrace as anything more specific? 1 15 minute candle the opposite direction? 2 15 minute candles? Or just an intrabar pullback?

Thanks -
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 52 KB
Small disciplines repeated with consistency lead to great achievements.
  • #93
  • Jun 3, 2014 8:45am Jun 3, 2014 8:45am
Enjoy friends !
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Capture2.PNG Size: 60 KB
Trade Safe !
  • #94
  • Jun 3, 2014 8:45am Jun 3, 2014 8:45am
Quoting Udine
{quote} RgL = Range Low RgH = Range High Adr is calculated with period 5 and 25
  • #95
  • Jun 3, 2014 8:46am Jun 3, 2014 8:46am
need more proof ???

another one..
Attached Image
Sleep less, live fast, as it aint gonna last
  • #96
  • Jun 3, 2014 8:47am Jun 3, 2014 8:47am
Quoting jmflukeiii
Udine, forgive me if this was already answered, the thread is moving quickly - When you say "re-entries only after a retrace" -> have you defined retrace as anything more specific? 1 15 minute candle the opposite direction? 2 15 minute candles? Or just an intrabar pullback? Thanks - {image}
for me no re-entry on the 15M during the same hour.
Sleep less, live fast, as it aint gonna last
  • #97
  • Jun 3, 2014 8:48am Jun 3, 2014 8:48am
Quoting Goodgame42
Enjoy friends ! {image} {image}
I did not trade the EJ, as the ADR had been reached !!
Sleep less, live fast, as it aint gonna last
  • #98
  • Jun 3, 2014 8:48am Jun 3, 2014 8:48am
Quoting Udine
{quote} Yes
Thank you squire...
  • #99
  • Jun 3, 2014 8:50am Jun 3, 2014 8:50am
Quoting Udine
{quote} I did not trade the EJ, as the ADR had been reached !!
I can understand but at work I don't have metatrader so I don't have the ADR values
Trade Safe !
  • #100
  • Jun 3, 2014 8:53am Jun 3, 2014 8:53am
Quoting Udine
{quote} for me no re-entry on the 15M during the same hour.
Thank you for the quick response -
Small disciplines repeated with consistency lead to great achievements.
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