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As simple as possible: 00 level trading

  • #2,161
  • Jun 13, 2014 12:37am Jun 13, 2014 12:37am
Two trades today, one loss and one profit.
Thanks Udine........
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  • #2,162
  • Edited 1:35am Jun 13, 2014 12:54am | Edited 1:35am
Quoting umpats
Two trades today, one loss and one profit. Thanks Udine........ {image} {image}
With a -5 pips SL and a 5 pips PT these two trades would have been at BE...
  • #2,163
  • Jun 13, 2014 1:00am Jun 13, 2014 1:00am
Hi Udine,

For the GJ this morning, do you think the correct entry should be 172.500 or 172.600?

Cheers

PH
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  • #2,164
  • Jun 13, 2014 1:10am Jun 13, 2014 1:10am
nice one during Frankfurt open....
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  • #2,165
  • Jun 13, 2014 1:11am Jun 13, 2014 1:11am
Buenos dias

ej 5

i dont understand i run the ea
wulkar wb trial 1.2e

and the ea take 7.2 pips?
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  • #2,166
  • Jun 13, 2014 1:18am Jun 13, 2014 1:18am
tokyo session UJ (closed manually at -4 pips), GJ SL -10 ( it went right up 20 pips after my stoploss hit!!)

frankfurt open EU +5, EJ +5
  • #2,167
  • Jun 13, 2014 1:20am Jun 13, 2014 1:20am
JPY news -> everyone is trading -> everyone is in profit -> one more proof that rules make you less profitable
  • #2,168
  • Jun 13, 2014 1:21am Jun 13, 2014 1:21am
My third on Frankfurt open.


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Going to stay out JPY for the moment.
  • #2,169
  • Jun 13, 2014 1:23am Jun 13, 2014 1:23am
Quoting PureHeart
Hi Udine, For the GJ this morning, do you think the correct entry should be 172.500 or 172.600? Cheers PH {image} {image}

entry was correct

Udine
Sleep less, live fast, as it aint gonna last
  • #2,170
  • Jun 13, 2014 1:24am Jun 13, 2014 1:24am
Quoting Juan007
Buenos dias ej 5 i dont understand i run the ea wulkar wb trial 1.2e and the ea take 7.2 pips? {image}

check the settings

Udine
Sleep less, live fast, as it aint gonna last
  • #2,171
  • Jun 13, 2014 1:26am Jun 13, 2014 1:26am
Quoting messiahua
JPY news -> everyone is trading -> everyone is in profit -> one more proof that rules make you less profitable

trading yen pairs just before RED NEWS... means that people who traded it, did not check the news before starting trading...

Shows a lack of a daily routine !!!

Their trades could have all gone the other way... this is casino stuff..

Udine
Sleep less, live fast, as it aint gonna last
  • #2,172
  • Jun 13, 2014 1:27am Jun 13, 2014 1:27am
i took a risk abaout tokyo news
1 hour firts
  • #2,173
  • Jun 13, 2014 1:33am Jun 13, 2014 1:33am
Hi Udine good morning, i want to know today both the pairs reach their RmUp limits even before london session how we will trade these pairs now during london session.. i hope u understand my point.

thanks
kind regards
jeet
  • #2,174
  • Jun 13, 2014 1:37am Jun 13, 2014 1:37am
Quoting jeetvirk
Hi Udine good morning, i want to know today both the pairs reach their RmUp limits even before london session how we will trade these pairs now during london session.. i hope u understand my point. thanks kind regards jeet
yep agree no more room now , unless the price drops
  • #2,175
  • Jun 13, 2014 1:40am Jun 13, 2014 1:40am
Udine,

Thank you for sharing this great strategy, simple and effective, if applied according to the rules and with a sense of PA. I’ve been trading forex on and off for the past 8 years, short and long term, simple systems and very advanced (not so simple) systems. Your strategy (your way of using it) is as simple as it gets (and as it should be).

I have a question, that I hope you have time to answer. You explained that trades are not taken if price crosses multiple 00 levels during the same hour. This morning on E/J price lurked below the 138.300 level. Since the .300 level is not traded during Frankfurt, the other valid level would be the .400, if all other rules apply. This would have been a profitable trade today. However, I am wondering if this was actually valid since it crossed multiple levels? The opening was 1-2 pips from the .300 level, being that close, are two crosses in this case valid?

Thanks. /Archie
  • #2,176
  • Jun 13, 2014 1:40am Jun 13, 2014 1:40am
missed the GU setup
  • #2,177
  • Jun 13, 2014 1:41am Jun 13, 2014 1:41am
a option its trade in euraud

adr 103
  • #2,178
  • Jun 13, 2014 1:44am Jun 13, 2014 1:44am
I'm testing with SL 10 and TP 25 with TS 3,5 and it works out so far.

Not at home now, so can not show charts. Just see yourself. My explorer show an idea of what happens.
I think, this changes the r/r over the long term. We'll see.
  • #2,179
  • Jun 13, 2014 1:46am Jun 13, 2014 1:46am
Quoting jeetvirk
Hi Udine good morning, i want to know today both the pairs reach their RmUp limits even before london session how we will trade these pairs now during london session.. i hope u understand my point. thanks kind regards jeet

price has to come down enough, so there is again room on the upside for a long trade, otherwise look at other pairs...

no other options..

otherwise .. early weekend

Udine
Sleep less, live fast, as it aint gonna last
  • #2,180
  • Jun 13, 2014 1:48am Jun 13, 2014 1:48am
Quoting Udine
{quote} I am happy for you. Open a thread, show to the world and start sharing Udine
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