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As simple as possible: 00 level trading

  • #741
  • Jun 6, 2014 9:18am Jun 6, 2014 9:18am
Quoting BLACKFEET
{quote} Hi, Zokynho You're very kind trying to help me... but I didn't ask Why . I asked for the "maths" ! For instance at the moment for EJ, I see : RgH = 140.016 & RgL = 139.284 How is this computed ? I see RmUp =49 RmDn = 64 T = 58 How is this computed ? I see Y (yesterday) = 131 I presume ADR(25) ? I know as Udine's #89 states that : "Adr is calculated with period 5 & 25" ... so I'm waiting for TWO values but I get 4 values ???) I see ADR = 86 5d= 76 10d = 66 20d = 70 One more (& last but not least) time : How is this calculated? How are linked...
RgH & RgL come from the Market Panel Display Controller

the others come from xADR

Y = yesterday

5d = ADR over the last 5 days
10d = ADR over the last 10 days
etc

check the codes

Udine
Sleep less, live fast, as it aint gonna last
  • #742
  • Jun 6, 2014 9:20am Jun 6, 2014 9:20am
Quoting justin7
{quote} why so defensive? that's only because your broker gives you very low spreads. it's impossible for anyone else with a normal broker with normal 1 pip spreads to realistically make this work with a 75% winning percentage and a 2:1 risk to reward

not being defensive.. no need for that..

test it on demo, then see if it works for you...

thats all

I wont go into calculating battles.. not going to waste my time over that..

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #743
  • Jun 6, 2014 9:23am Jun 6, 2014 9:23am
Quoting njodogg
Interesting thread, just an observation from me http://screencast.com/t/CtD49pwIrug
nice observation
Sleep less, live fast, as it aint gonna last
  • #744
  • Jun 6, 2014 9:26am Jun 6, 2014 9:26am
Quoting justin7
{quote} in order to fit into 100% it would be 5 x 75 and into a 75% winning percentage. you're adding on an extra 25 winning trades. and you're making the stop loss 5 pips instead of 10 as is said here to use
So if the system has 75% win than he has to be winning 87.5% of the trades

Yeah if the 75% win is on the trades taken instead of the balance thanthat isn't that good imo
  • #745
  • Jun 6, 2014 9:27am Jun 6, 2014 9:27am
Quoting Traffex
{quote} Hier ist noch einer. Ich wünsche allen schöne Pfingsten und konstante Gewinne.
Ist ja gut und schöne Pfingsten an allen von mir auch

Happy Trades
Focus only on what truly matters!
  • #746
  • Jun 6, 2014 9:32am Jun 6, 2014 9:32am
Quoting Udine
{quote} nice observation
Thanks Heres an up coming example http://screencast.com/t/ORwjxLeP6
  • #747
  • Jun 6, 2014 9:32am Jun 6, 2014 9:32am
Quoting njodogg
Interesting thread, just an observation from me http://screencast.com/t/CtD49pwIrug
Do you have the weekly open indicator? Would like to maybe test the concept on days I can't be at computer. Thx
  • #748
  • Jun 6, 2014 9:33am Jun 6, 2014 9:33am
Quoting mm2mm
{quote} So if the system has 75% win than he has to be winning 87.5% of the trades Yeah if the 75% win is on the trades taken instead of the balance thanthat isn't that good imo

who knows...

this was my tweet of the 22nd of may

Attached Image


I ended up over + 80 % so I am not complaining..

You dont have to believe me (as healthy doubt is good on internet), just test it and see if it works for you..

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #749
  • Jun 6, 2014 9:36am Jun 6, 2014 9:36am
Quoting Udine
{quote} who knows... this was my tweet of the 22nd of may {image} I ended up over + 80 % so I am not complaining.. You dont have to believe me (as healthy doubt is good on internet), just test it and see if it works for you.. cheers Udine
80%/month profit???
So you don't mind overtrading and make more than 2% per day?
Those who know don't talk. Those who talk don't know.
  • #750
  • Jun 6, 2014 9:37am Jun 6, 2014 9:37am
Quoting MKFXTrader
{quote} Do you have the weekly open indicator? Would like to maybe test the concept on days I can't be at computer. Thx
No Need for one when your trading a larger time frame like the 4hr off the weekly open just drop a horizontal line sunday night and your set for the week.
  • #751
  • Jun 6, 2014 9:37am Jun 6, 2014 9:37am
Quoting hugecat
{quote} 80%/month profit??? So you don't mind overtrading and make more than 2% per day?
I guess you didn't notice those bonus trades Udine is posting?
  • #752
  • Jun 6, 2014 9:38am Jun 6, 2014 9:38am
Quoting njodogg
{quote} No Need for one when your trading a larger time frame like the 4hr off the weekly open just drop a horizontal line sunday night and your set for the week.
I take it you have the supertrend indi on there on the higher TF.
  • #753
  • Jun 6, 2014 9:39am Jun 6, 2014 9:39am
Quoting Udine
{quote} who knows... this was my tweet of the 22nd of may {image} I ended up over + 80 % so I am not complaining.. You dont have to believe me (as healthy doubt is good on internet), just test it and see if it works for you.. cheers Udine
hi Mr udine,
i was wondering is this consider a vaild move in your books?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 38 KB
  • #754
  • Jun 6, 2014 9:41am Jun 6, 2014 9:41am
Quoting MKFXTrader
{quote} I guess you didn't notice those bonus trades Udine is posting?
I guess I have to go through all 38 pages.
Those who know don't talk. Those who talk don't know.
  • #755
  • Jun 6, 2014 9:42am Jun 6, 2014 9:42am
Quoting Udine
{quote} who knows... this was my tweet of the 22nd of may {image} I ended up over + 80 % so I am not complaining.. You dont have to believe me (as healthy doubt is good on internet), just test it and see if it works for you.. cheers Udine
Yea I am trying it because I like the simplicity and low tf. Thank you Udine
  • #756
  • Jun 6, 2014 9:42am Jun 6, 2014 9:42am
ok folks. it was nice conversing with you all.

wish you all happy pips in the future. i will pop in whenever i can, and put forward any signals as i see them.

wanna go to madrid on sunday if not then tuesday, for a few days.


all my positions are floating in massive profits . very happy to sit back and relax. no need to day trade or do anything. just watch my positions and see the profits rise !

even so, i managed to day trade a bit today.just to waste time, got out with +45 pips. without a sweat.

and as i said before, the biggest obstacle for you folks is the 2:1 Risk reward ratio. so be very careful. all you need is a few 10 pip losses in a row and your account will zero in no time. you need to be aware of the risks , just thought i mention it.


see ya !
  • #757
  • Jun 6, 2014 9:42am Jun 6, 2014 9:42am
Quoting Udine
{quote} who knows... this was my tweet of the 22nd of may {image} I ended up over + 80 % so I am not complaining.. You dont have to believe me (as healthy doubt is good on internet), just test it and see if it works for you.. cheers Udine
what are your spreads + commissions on each trade?
  • #758
  • Jun 6, 2014 9:42am Jun 6, 2014 9:42am
Quoting MKFXTrader
{quote} I take it you have the supertrend indi on there on the higher TF.
No its an indi I bought from point zero but anything you use to help indentify the trend should work hell a simple 10/20 ema would do the trick. Themn more I dive into the larger time frames I think over all currency strength plays a bigger factor then scalping, PM me for more inof, I dont wanna take up udine's thread.
  • #759
  • Jun 6, 2014 9:44am Jun 6, 2014 9:44am
Quoting whatfx
ok folks. it was nice conversing with you all. wish you all happy pips in the future. i will pop in whenever i can, and put forward any signals as i see them. wanna go to madrid on sunday if not then tuesday, for a few days. all my positions are floating in massive profits . very happy to sit back and relax. no need to day trade or do anything. just watch my positions and see the profits rise ! even so, i managed to day trade a bit today.just to waste time, got out with +45 pips. without a sweat. and as i said before, the biggest obstacle for you...
lol the 2:1 risk:reward is a big deal! You may as well be trading binary options if you like having more risk than reward on each individual trade.
  • #760
  • Jun 6, 2014 9:45am Jun 6, 2014 9:45am
Quoting hugecat
{quote} 80%/month profit??? So you don't mind overtrading and make more than 2% per day?
depends on what your plan is..

You are the CEO of ME inc. and your in the business of forex trading

did you write your business plan ??

Udine
Sleep less, live fast, as it aint gonna last
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