As simple as possible: 00 level trading | Page 168 | Forex Factory

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As simple as possible: 00 level trading

  • #3,341
  • Jun 18, 2014 2:20am Jun 18, 2014 2:20am
GJ+5.

Thatīs a grand total of 3. Unless I find an exceptional setup during NY Open, I will call it the day.

Happy teaching Udine and have a nice day !

flx69
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  • #3,342
  • Jun 18, 2014 2:20am Jun 18, 2014 2:20am
GJ TPed.

Cheer.
  • #3,343
  • Jun 18, 2014 2:23am Jun 18, 2014 2:23am
Quoting Juan007
gj tp
Si Seņor !

  • #3,344
  • Jun 18, 2014 2:25am Jun 18, 2014 2:25am
Quoting Udine
you see guys/girls, it aint difficult to make some pips in trading, just stick to the rules !! dont be greedy and have a life besides trading Udine
Udine...
on GBP JPY my open was 173.500, right on the line ... Daily green...then the price deeped to 173.47... could I just bought on the way up at 173.00 ?
  • #3,345
  • Jun 18, 2014 2:26am Jun 18, 2014 2:26am
Quoting KennyForex
WOW EURJPY +5 GBPJPY +5 Today and i just got here 40 minutes ago,, Happy trading all!
Exactly ...the winners are just flying in faster than I can type........
Master your Mind then Master your Trades
  • #3,346
  • Jun 18, 2014 2:26am Jun 18, 2014 2:26am
Hey Udine,

the adr for ej seems kinda low now. would you still trade this pair today?
  • #3,347
  • Jun 18, 2014 2:27am Jun 18, 2014 2:27am
Quoting Udine
you see guys/girls, it aint difficult to make some pips in trading, just stick to the rules !! dont be greedy and have a life besides trading Udine
hi udine and everyone.. just now finished reading all the posts..this is sure a strategy for success.. can anyone whom udine PM ed, PM me the broker udine is using..

thanks for sharing UDINE..
  • #3,348
  • Jun 18, 2014 2:27am Jun 18, 2014 2:27am
Quoting Udine
{quote} to see the trades just drag the trade from the account history on the chart Udine
That works like a charm.

Thanks a mil Udine.
  • #3,349
  • Jun 18, 2014 2:36am Jun 18, 2014 2:36am
Quoting mt4fxtrader
Hey Udine, the adr for ej seems kinda low now. would you still trade this pair today?

yes
Sleep less, live fast, as it aint gonna last
  • #3,350
  • Jun 18, 2014 2:37am Jun 18, 2014 2:37am
next hour is RED GBP NEWS !!!

be carefull

Udine
Sleep less, live fast, as it aint gonna last
  • #3,351
  • Jun 18, 2014 2:40am Jun 18, 2014 2:40am
It's good to find those things out on a demo, but I'm still pissed. My TP didn't trigger on GJ when it went 1.6 pips over. I thought I had a reputable broker...
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Those who know don't talk. Those who talk don't know.
  • #3,352
  • Jun 18, 2014 2:41am Jun 18, 2014 2:41am
Hi Udine,

If price moves in the opposite direction of the trend, not filling our pending order, and crossing the 00-levele below, will you adjust the pending order for the new level cross?

Or do you consider that trading setup as invalid, since that would mean two crosses of the same level? Or do you leave the pending at the initial 00-level, thus breaking the rule of only taking trades of the first 00-level cross?

Archie
  • #3,353
  • Jun 18, 2014 2:43am Jun 18, 2014 2:43am
Quoting Udine
next hour is RED GBP NEWS !!! be carefull Udine

i have a buystop on ej

we have news

what can i do cancel the pending trade?
  • #3,354
  • Jun 18, 2014 2:45am Jun 18, 2014 2:45am
There is a strong S/R for EJ at : 138.26 .....
i think the price will go there ....

edit:
SellStop order at 138.30 to get 4 pips for me enough ...
(if the price reach it more than 30 minutes after GBP news)

-pedma
Good friends are more valuable than gold ...
  • #3,355
  • Jun 18, 2014 2:47am Jun 18, 2014 2:47am
Undine can u please update ur files from the first page? All the stuff with the new rules please. Thank you! <3

P.D. How u can use 2 EA at the same time? The WheelBarrel Trailing v1.2 and WUKAR?
  • #3,356
  • Jun 18, 2014 2:48am Jun 18, 2014 2:48am
Udine had some spare time so I tidied up your rules from an English grammar perspective

TRADING RULES
1. D1 & H1 candle colour MUST be both red or both green
2. Entries at 00 levels ie 138.500, 127.30
3. Frankfurt open only .400/.500/.600 levels best to avoid Mondays
4. London open all 00 levels, highest probability time frame
5. Distance to Big Round Numbers > 10 pips (see 6)
6. No long @ .900 level. No short @ .100 level
7. No trading 1 hour before RED NEWS on the pair
8. No trading for 30 minutes after RED NEWS on the pair
9. After 4 losses stop trading for the day
10. Higher probability at market opens (new money into the market)
11. Check Average Daily Range
12. Stop trading after reaching daily target of 2% return on capital
13. Stop Loss 10 pips equals 2% of capital
14. Take profit 5 pips equals 1% return on capital
15. Trail stop 3.5 pips & Stoploss to BE @ 3.5 pips
16. Use pending orders to place trades
17. Trade higher ADR pairs only
18. Udine trades only EJ and GJ
19. Only 1 trade per hour per pair
20. Goal = Profit
21. Patience, Discipline, Focus
22. Belief, Consistency, Confidence
  • #3,357
  • Jun 18, 2014 2:49am Jun 18, 2014 2:49am
Quoting Udine
next hour is RED GBP NEWS !!! be carefull Udine
Udine...

on GBP JPY my open was 173.500, right on the line ... Daily was green...then the price deeped to 173.47... could I just bought on the way up at 173.00 or wait for the next level, because even at 173.500 I would have Yellow candle istead of green...

thank you.
  • #3,358
  • Jun 18, 2014 2:49am Jun 18, 2014 2:49am
Quoting Archie
Hi Udine, If price moves in the opposite direction of the trend, not filling our pending order, and crossing the 00-levele below, will you adjust the pending order for the new level cross? Or do you consider that trading setup as invalid, since that would mean two crosses of the same level? Or do you leave the pending at the initial 00-level, thus breaking the rule of only taking trades of the first 00-level cross? Archie

I leave the pending where it is, which is NOT breaking the RULES !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #3,359
  • Jun 18, 2014 2:55am Jun 18, 2014 2:55am
Quoting silversurfer
Udine had some spare time so I tidied up your rules from an English grammar perspective TRADING RULES 1. D1 & H1 candle colour MUST be both red or both green 2. Entries at 00 levels ie 138.500, 127.30 3. Frankfurt open only .400/.500/.600 levels best to avoid Mondays 4. London open all 00 levels, highest probability time frame 5. Distance to Big Round Numbers > 10 pips (see 6) 6. No long @ .900 level. No short @ .100 level 7. No trading 1 hour before RED NEWS on the pair 8. No trading for 30 minutes after RED NEWS on the pair 9. After 4 losses stop...

thx

I speak 5 languages, but english is NOT my first

Udine
Sleep less, live fast, as it aint gonna last
  • #3,360
  • Jun 18, 2014 2:57am Jun 18, 2014 2:57am
Better than me, I only speak one and that's a struggle at times!
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