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As simple as possible: 00 level trading

  • #101
  • Jun 3, 2014 6:54am Jun 3, 2014 6:54am
Quoting Goodgame42
20$/point. Done for the day {image}
Nice DAX trading dude, what platform is that and what spread do you get?
  • #102
  • Jun 3, 2014 7:00am Jun 3, 2014 7:00am
firts wing long

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy grafica 1.png Size: 55 KB
  • #103
  • Jun 3, 2014 7:30am Jun 3, 2014 7:30am
Thanks for sharing Udine! What is the winning rate of this method?
  • #104
  • Jun 3, 2014 7:32am Jun 3, 2014 7:32am
Quoting scardi
Thanks for sharing Udine! What is the winning rate of this method?

standing around 76 % so far..
Sleep less, live fast, as it aint gonna last
  • #105
  • Jun 3, 2014 7:45am Jun 3, 2014 7:45am
Thank you for sharing Udine.

If we have reached our target 5 pips, the price going back to our last open price. May we open the same order again ?
Example: GU at the moment .... (the last candle is a Doji)

Thanks
-smallcat
  • #106
  • Jun 3, 2014 7:54am Jun 3, 2014 7:54am
Quoting smallcat
Thank you for sharing Udine. If we have reached our target 5 pips, the price going back to our last open price. May we open the same order again ? Example: GU at the moment .... (the last candle is a Doji) Thanks -smallcat

I dont.

Dont trade GU either..
Sleep less, live fast, as it aint gonna last
  • #107
  • Jun 3, 2014 7:56am Jun 3, 2014 7:56am
Quoting Udine
{quote} I dont. Dont trade GU either..
Thanks a lot Udine.

-smallcat
  • #108
  • Jun 3, 2014 8:02am Jun 3, 2014 8:02am
Count me in on this one
Simple and straight Forward, plus it suits perfectly with my daily Job, because Iam able to trade the Frankfurt and London open.

Thank you very much Udine for coming across with this!!!

Can't wait to get home to put it on my charts
  • #109
  • Jun 3, 2014 8:19am Jun 3, 2014 8:19am
Quoting Udine
{quote} standing around 76 % so far..
Just a warning to those who are already planning vacations with all the money you will make with this system: With a 2:1 risk:reward ratio, you will have to win 2 out of every 3 trades (66%) just to break even with this method and 3 out of every 4 to make money. Essentially, one will have to master the method (like Udine) before any money will be made on a consistent basis. Make sure you practice on demo for quite a while to make sure you can achieve such a winning rate before going live.

TF
Prices are never too high to begin buying or too low to begin selling.
  • #110
  • Jun 3, 2014 8:25am Jun 3, 2014 8:25am
As Simple As Possible = ASAP trading... kinda go along with this style eh.
Everything you can imagine, is real - Pablo Picasso
  • #111
  • Jun 3, 2014 8:27am Jun 3, 2014 8:27am
Quoting turtlefan
{quote} Just a warning to those who are already planning vacations with all the money you will make with this system: With a 2:1 risk:reward ratio, you will have to win 2 out of every 3 trades (66%) just to break even with this method and 3 out of every 4 to make money. Essentially, one will have to master the method (like Udine) before any money will be made on a consistent basis. Make sure you practice on demo for quite a while to make sure you can achieve such a winning rate before going live. TF

Agreed,

just as I pointed out earlier
Sleep less, live fast, as it aint gonna last
  • #112
  • Jun 3, 2014 8:30am Jun 3, 2014 8:30am
last one..
Attached Image
Sleep less, live fast, as it aint gonna last
  • #113
  • Jun 3, 2014 8:56am Jun 3, 2014 8:56am
So you don't have to wait for the green to close before placing pending order?

I thought pending order would be placed at purple after the first green candle closes. Would be triggered at the second pin and take profit on the following one. Will have to study more.

Thanks for sharing.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #114
  • Jun 3, 2014 9:00am Jun 3, 2014 9:00am
Quoting Direwolf
So you don't have to wait for the green to close before placing pending order? I thought pending order would be placed at purple after the first green candle closes. Would be triggered at the second pin and take profit on the following one. Will have to study more. Thanks for sharing. {image}
nope the entry would be at 171.500 (which was near the close of the first green candle), just compare your picture with my chart) where you have the purple arrow is the TP level.

stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #115
  • Jun 3, 2014 9:10am Jun 3, 2014 9:10am
Out of here for today.

cheers. Stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #116
  • Jun 3, 2014 9:41am Jun 3, 2014 9:41am
Does anyone have, or know the name, of the daily candle indicator on the far right of Udine's chart? It's the large green candle to the right of price. It's not showing on my template from my download of his files.

Thanks!
  • #117
  • Jun 3, 2014 9:46am Jun 3, 2014 9:46am
Hi Udine, I can't load your template on the pair EUR/JPY and GBP/JPY.
my MT4 freeze when i try to load...
I dont have any problem with other currency pairs... just these 2 pairs wont load..
Im using MT4 Oanda.

Anyone facing the same problem?

Thanks.
  • #118
  • Jun 3, 2014 9:53am Jun 3, 2014 9:53am
Quoting Direwolf
So you don't have to wait for the green to close before placing pending order? I thought pending order would be placed at purple after the first green candle closes. Would be triggered at the second pin and take profit on the following one. Will have to study more. Thanks for sharing. {image}
I thought it too... Only Stop orders above/below candle close. No Limit orders allowed

Watching carefully at his chart, maybe his green candle closes under 171.500 so he places a Stop order @171.500.

Am I missing something Udine?
  • #119
  • Edited 10:09am Jun 3, 2014 9:54am | Edited 10:09am
Quoting bny
Hi Udine, I can't load your template on the pair EUR/JPY and GBP/JPY. my MT4 freeze when i try to load... I dont have any problem with other currency pairs... just these 2 pairs wont load.. Im using MT4 Oanda. Anyone facing the same problem? Thanks.
Yes. You need to make sure you have Daily data loaded (I believe the x_adr indicator is what is causing the crash). So first open a daily chart of both pairs, and zoom out. Then switch to H1 or M15 and load the template. Should work -

Attached Image
Small disciplines repeated with consistency lead to great achievements.
  • #120
  • Jun 3, 2014 11:03am Jun 3, 2014 11:03am
Quoting jmflukeiii
{quote} Yes. You need to make sure you have Daily data loaded (I believe the x_adr indicator is what is causing the crash). So first open a daily chart of both pairs, and zoom out. Then switch to H1 or M15 and load the template. Should work - {image}
thanks a million!!
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