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As simple as possible: 00 level trading

  • #221
  • Jun 4, 2014 7:02am Jun 4, 2014 7:02am
Quoting mn786
{quote} Hi There I am unable to download the file, I Think it is corrupted can you please solve this problem?

just downloaded it. works fine for me..
Sleep less, live fast, as it aint gonna last
  • #222
  • Jun 4, 2014 7:07am Jun 4, 2014 7:07am
no trades this hour... too much RED NEWS !!
Sleep less, live fast, as it aint gonna last
  • #223
  • Jun 4, 2014 7:11am Jun 4, 2014 7:11am
Have you tested the system on futures Udine ? Does it perform good ?
  • #224
  • Jun 4, 2014 7:14am Jun 4, 2014 7:14am
Quoting msdogan
Have you tested the system on futures Udine ? Does it perform good ?

nope.

test it and let us know
Sleep less, live fast, as it aint gonna last
  • #225
  • Jun 4, 2014 7:34am Jun 4, 2014 7:34am
Quoting Udine
Why a possible long and short set up?? Due to the Daily open line. Price below the Daily open line means the Daily candle = red Price above the daily open line means the daily candle = green for me the moment the price is below the Daily open line, I simply put a pending short order @ 171.600. simply because if since the open of the new 1H candle the price continues to go down, the 1H candle will be RED !! in this case the price did not go down, but went up.. to above the Daily open line..means the Daily candle turned Green = only long trades so...


very well explained


i think the problem i see, after backtesting on three daily 'doji' candles, is that during these 'doji' days, the 00 levels act as resistance or support, and do not get breached, and therefore you will have likely number of stopouts.

for example, 23/5/2014, 26/5, and 29/5, on these days there were consequetive stop outs at 10 pips each. so if you had taken a trade by the rules , result 10 pips stopout. and if you had taken the next trade after the loss, another 10 pips stopout. so 20 pips loss in one day. and so in those 3 days = 60 pips loss. now, with just 5 pips profit on each trade, you need 12 days continuous profits , after these losses, to break even.

i gather once you have taken a loss of 10 pips, you stop for the day ?

r:r of 2:1 is no good for me, and will stop me from testing this method.



good luck.
  • #226
  • Jun 4, 2014 7:39am Jun 4, 2014 7:39am
Hi Udine,

Is there any restriction, which pair we may not trade ?
Or we can trade any pair, as long as: small spread, big ADR & we are not at the end of ADR level, not at Big news time (1 hour pause), only at London + NewYork time session (GMT 07.00 - 16.00) ?

Thanks
Similarity can change your life !
  • #227
  • Jun 4, 2014 7:40am Jun 4, 2014 7:40am
Quoting whatfx
{quote} very well explained i think the problem i see, after backtesting on three daily 'doji' candles, is that during these 'doji' days, the 00 levels act as resistance or support, and do not get breached, and therefore you will have likely number of stopouts. for example, 23/5/2014, 26/5, and 29/5, on these days there were consequetive stop outs at 10 pips each. so if you had taken a trade by the rules , result 10 pips stopout. and if you had taken the next trade after the loss, another 10 pips stopout. so 20 pips loss in one day. and...
which pair do you speak about ?
Trade Safe !
  • #228
  • Jun 4, 2014 7:44am Jun 4, 2014 7:44am
Quoting whatfx
{quote} very well explained i think the problem i see, after backtesting on three daily 'doji' candles, is that during these 'doji' days, the 00 levels act as resistance or support, and do not get breached, and therefore you will have likely number of stopouts. for example, 23/5/2014, 26/5, and 29/5, on these days there were consequetive stop outs at 10 pips each. so if you had taken a trade by the rules , result 10 pips stopout. and if you had taken the next trade after the loss, another 10 pips stopout. so 20 pips loss in one day. and...
Whatfx,

its your good right to trade another way

but here the charts of the GJ for those 3 days you mentioned.. I see plenty winners... and confirmed by my account..

23/05:
Attached Image (click to enlarge)
Click to Enlarge Name: 2305 gj.jpg Size: 251 KB


26/05:
Attached Image (click to enlarge)
Click to Enlarge Name: 2605 gj.jpg Size: 245 KB


29/05:
Attached Image (click to enlarge)
Click to Enlarge Name: 2905 gj.jpg Size: 216 KB


Stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #229
  • Jun 4, 2014 7:45am Jun 4, 2014 7:45am
i see there was a loss of 10 pips on the last EJ long trade @139,800 ? did anyone take that.
  • #230
  • Jun 4, 2014 7:46am Jun 4, 2014 7:46am
ok
  • #231
  • Jun 4, 2014 7:49am Jun 4, 2014 7:49am
Hi Udine,

Hope you can help me. Maybe I'm missing something. I have the xADR_0.2renko indy on my chart. I can see the RmUp etc in the corner. But I can't see the RgH and RgL lines. I did load your template. Are you on build 600?
  • #232
  • Jun 4, 2014 7:50am Jun 4, 2014 7:50am
here my trades of the 23rd of May

Attached Image (click to enlarge)
Click to Enlarge Name: 140523 done.jpg Size: 275 KB


EJ bonus

Attached Image


GJ bonus

Attached Image


Trades have been shown on twitter !!

Stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #233
  • Jun 4, 2014 7:50am Jun 4, 2014 7:50am
Quoting whatfx
i see there was a loss of 10 pips on the last EJ long trade @139,800 ? did anyone take that.
I don't trade EUR/JPY, too fake.
Avoid this pair.
Trade Safe !
  • #234
  • Jun 4, 2014 7:53am Jun 4, 2014 7:53am
Quoting whatfx
i see there was a loss of 10 pips on the last EJ long trade @139,800 ? did anyone take that.
Could be but when I get my daily target I normally stop. No need for me to trade all day (not greedy). besides I live of this, so try to limit the time my money is in the market to the minimum.

Sorry I misunderstood..... you were sppeaking about a possible set up this morning ??
Sleep less, live fast, as it aint gonna last
  • #235
  • Jun 4, 2014 7:55am Jun 4, 2014 7:55am
Quoting Udine
{quote} Could be but when I get my daily target I normally stop. No need for me to trade all day (not greedy). besides I live of this, so try to limit the time my money is in the market to the minimum.
My last trade that I told you
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 66 KB
Trade Safe !
  • #236
  • Jun 4, 2014 7:57am Jun 4, 2014 7:57am
If you were speaking of a possible loser this morning on the EJ @ 139.800, could you please point it out on my chart ??

thanks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: ej today.jpg Size: 255 KB
Sleep less, live fast, as it aint gonna last
  • #237
  • Jun 4, 2014 8:00am Jun 4, 2014 8:00am
Stop loss hit here
Attached Image (click to enlarge)
Click to Enlarge Name: keY78gv.png Size: 196 KB
  • #238
  • Jun 4, 2014 8:01am Jun 4, 2014 8:01am
NOPE
  • #239
  • Jun 4, 2014 8:02am Jun 4, 2014 8:02am
Quoting whatfx
i see there was a loss of 10 pips on the last EJ long trade @139,800 ? did anyone take that.
I took it, but it wasn't a loss for me. Plus 5 in my account. The GJ, however, was a loss. Minus 10. Under normal circumstances (no red news), I would not have traded, but I wanted to work on the mechanics of the trades.
  • #240
  • Jun 4, 2014 8:05am Jun 4, 2014 8:05am
Quoting Jhlewis10
Stop loss hit here {image}

your entry was too late. Your entry should have been @ 180.700 !!! Then you would have had a winner !!
Sleep less, live fast, as it aint gonna last
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