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As simple as possible: 00 level trading

  • #361
  • Jun 5, 2014 2:35am Jun 5, 2014 2:35am
Quoting Udine
Stop Loss hit
Yeah mine too...First trade and looser ...lets wait for another trade

Regards!
  • #362
  • Jun 5, 2014 2:36am Jun 5, 2014 2:36am
Quoting Udine
Stop Loss hit


So, we wait now until the next H1 candle open, we check if all our criteria are meet again and we may have new stop orders?... (I suppose... YES )
  • #363
  • Jun 5, 2014 2:37am Jun 5, 2014 2:37am
Quoting camvcvoo
{quote} SL hit!
part of doing business.. now it is simply waiting for next set up
Sleep less, live fast, as it aint gonna last
  • #364
  • Jun 5, 2014 2:37am Jun 5, 2014 2:37am
i have a gbpjpy lost -10

sell 171.700
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15 1.png Size: 60 KB
  • #365
  • Jun 5, 2014 2:38am Jun 5, 2014 2:38am
Quoting Zokynho
{quote} Yeah mine too...First trade and looser ...lets wait for another trade Regards!
So it can only get better
Sleep less, live fast, as it aint gonna last
  • #366
  • Jun 5, 2014 2:42am Jun 5, 2014 2:42am
Quoting Udine
{quote} So it can only get better

Well if other trade would be loser than your statement not true,it could get worse in that case ,but hope it won't!

Regards!
  • #367
  • Jun 5, 2014 2:45am Jun 5, 2014 2:45am
Udine, I really like the low exposure time to the market of this system! Since these are both Yen pairs is there any reason you don't trade the Tokyo open, aside from it being late at night for you? I did this morning, and took a quick 5 pips on both. Lucky for me Tokyo open is 8am.
  • #368
  • Jun 5, 2014 2:48am Jun 5, 2014 2:48am
Quoting Udine
{quote} So it can only get better
Hi Udine,

I made the changes as mention by you to trade the 00 level

Setting pending order is risky for EA as in time of news spike, it could trigger the order together.

I prefer to get the price now and then open.

E.g for NZD/USD

0.84380, if price is 0.84405 or 0.84403 + daily bull and hour bull, it will trigger the trade.

The last digit for price I ignore it, whats important is the 0 level at the last 2nd digit.

Is it okay in this case? Getting the perfect 00 is difficult unless by order, but when trigger it won't be the exact 00 also due to latency

Attached Image (click to enlarge)
Click to Enlarge Name: 00level3.png Size: 39 KB
Learn to Trade is Important. Keep your bias & ego aside.
  • #369
  • Jun 5, 2014 2:52am Jun 5, 2014 2:52am
Quoting skoda2008
Udine, I really like the low exposure time to the market of this system! Since these are both Yen pairs is there any reason you don't trade the Tokyo open, aside from it being late at night for you? I did this morning, and took a quick 5 pips on both. Lucky for me Tokyo open is 8am.

I live in Italy, and most active markets are London and New York, so I stick to my regular sleeping schedule
Sleep less, live fast, as it aint gonna last
  • #370
  • Jun 5, 2014 2:53am Jun 5, 2014 2:53am
i milked 5 pips in GU
  • #371
  • Jun 5, 2014 2:53am Jun 5, 2014 2:53am
Quoting chaosbun
{quote} Hi Udine, I made the changes as mention by you to trade the 00 level Setting pending order is risky for EA as in time of news spike, it could trigger the order together. I prefer to get the price now and then open. E.g for NZD/USD 0.84380, if price is 0.84405 or 0.84403 + daily bull and hour bull, it will trigger the trade. The last digit for price I ignore it, whats important is the 0 level at the last 2nd digit. Is it okay in this case? Getting the perfect 00 is difficult unless by order, but when trigger it won't be the exact 00 also...
could be worth to try it out..
Sleep less, live fast, as it aint gonna last
  • #372
  • Jun 5, 2014 2:58am Jun 5, 2014 2:58am
Quoting Juan007
i have a gbpjpy lost -10 sell 171.700 {image}
No system works 100%, but what I see from your chart is that even with this system it is still important to watch if there is a resistance or support zone in front of you before you jump in. In your case it was the support zone that neglegted your short entry.

So my advice is: Relying to your system doesn't mean we act blindly. Forex is a serious business and you must make use of the most basic rules and your experience.

Stay Green and Happy Trades
Focus only on what truly matters!
  • #373
  • Jun 5, 2014 3:02am Jun 5, 2014 3:02am
New Sell Stop orders...

EJ... 139.500
GB... 171.800

I'm I right??
  • #374
  • Jun 5, 2014 3:04am Jun 5, 2014 3:04am
ok continius

Udine

on 3 hours we will have a news for gbp

what you think about your system on news ?
  • #375
  • Jun 5, 2014 3:06am Jun 5, 2014 3:06am
Quoting panosmgr
New Sell Stop orders... EJ... 139.500 GB... 171.800 I'm I right??
yes
Sleep less, live fast, as it aint gonna last
  • #376
  • Jun 5, 2014 3:07am Jun 5, 2014 3:07am
Quoting Juan007
ok continius Udine on 3 hours we will have a news for gbp what you think about your system on news ?
already mentioned in the thread.. no trading 1 hour before news
Sleep less, live fast, as it aint gonna last
  • #377
  • Jun 5, 2014 3:07am Jun 5, 2014 3:07am
Quoting Ata-Turkoglu
{quote} No system works 100%, but what I see from your chart is that even with this system it is still important to watch if there is a resistance or support zone in front of you before you jump in. In your case it was the support zone that neglegted your short entry. So my advice is: Relying to your system doesn't mean we act blindly. Forex is a serious business and you must make use of the most basic rules and your experience. Stay Green and Happy Trades

I agree with you about serious bussiness part with you,but disagree with part of watching support and resistance zones,they aren't part of this system and as Udine says 'keep it even simpler'.... when trade occur get in,simple as that.

After losing trade we could always find reason why not to enter in trade but we looking for only 5 pips with really simple and straigfoward method which provide Udine 76% accurate and 80% return on his account so no need to watch those in my opinion and they arent so strong when you looking for small target

Just my 2 cents...

Regards!
  • #378
  • Jun 5, 2014 3:20am Jun 5, 2014 3:20am
Hi,Udine,

Can you tell me how put "WUKAR TRADING FIFO"this?

put this document into profiles or put chart01.chr-chart06.chr to profiles->default?
  • #379
  • Jun 5, 2014 3:21am Jun 5, 2014 3:21am
Quoting Zokynho
{quote} I agree with you about serious bussiness part with you,but disagree with part of watching support and resistance zones,they aren't part of this system and as Udine says 'keep it even simpler'.... when trade occur get in,simple as that. After losing trade we could always find reason why not to enter in trade but we looking for only 5 pips with really simple and straigfoward method which provide Udine 76% accurate and 80% return on his account so no need to watch those in my opinion and they arent so strong when you looking for small target...
I agree, you are absolutely right speaking in terms to "trading only the system"

Thanks for your positive critic.. stay green and happy trades..
Focus only on what truly matters!
  • #380
  • Jun 5, 2014 3:23am Jun 5, 2014 3:23am
you folks should be in on ej short at 50, and gj short at 80, right now.
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