As simple as possible: 00 level trading | Page 173 | Forex Factory

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As simple as possible: 00 level trading

  • #3,441
  • Jun 18, 2014 5:06am Jun 18, 2014 5:06am
Quoting Ff-fx
GJ pending short @ 173.100 EJ long @ 138.600

WRONG !!!

check the RULES !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #3,442
  • Jun 18, 2014 5:07am Jun 18, 2014 5:07am
Quoting pana2nicusor
Hello! I tried to implement your system on Admiral Markets and XTB trading platforms . System hangs due to file xADR_0.2renko. What site could I copy?
switch to daily charts, before implementing indicator it will work.
  • #3,443
  • Jun 18, 2014 5:08am Jun 18, 2014 5:08am
Quoting Ff-fx
GJ pending short @ 173.100 EJ long @ 138.600
Short @ .100 ?
Maybe look at rule #5 ?
  • #3,444
  • Jun 18, 2014 5:08am Jun 18, 2014 5:08am
Quoting flx69
{quote} Short @ .100 ? Maybe look at rule #5 ?
Sleep less, live fast, as it aint gonna last
  • #3,445
  • Jun 18, 2014 5:09am Jun 18, 2014 5:09am
Quoting Udine
{quote} RN = ROUND NUMBER = 173.000 / 172.000 / 174.000 you have the Udinefx RN Clear Levels indicaotr to show you.. the "fat" yellow line is the round number and the red dotted lines the 10 pips distance for the ADR you have to do a search on ff.com Udine


Thank you Udine
I'm quite Understand clearly
  • #3,446
  • Jun 18, 2014 5:13am Jun 18, 2014 5:13am
Quoting flash4
for some reason the daily open line is not showing up on my charts i have made sure it is white and fat so i can see it but still no line!
can anyone please help with this?
  • #3,447
  • Jun 18, 2014 5:16am Jun 18, 2014 5:16am
Quoting flash4
{quote} can anyone please help with this?

sorry no idea..

Udine
Sleep less, live fast, as it aint gonna last
  • #3,448
  • Jun 18, 2014 5:17am Jun 18, 2014 5:17am
Got lucky, forgot the rule .100 - no trade!
Attached Image (click to enlarge)
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When all conditions are met - Enter trade - sit back and FRET !!!
  • #3,449
  • Jun 18, 2014 5:17am Jun 18, 2014 5:17am
Quoting Udine
{quote} I treat each pair as a separate entity Udine
Damn, this thread is flying along...many thanks Udine for taking the time to reply.

Well done to everyone with green pips. I am hoping to join the fray next week...

Cheers

H
  • #3,450
  • Jun 18, 2014 5:18am Jun 18, 2014 5:18am
Quoting Udine
{quote} not yet.. surprisingly.. Udine
hmnn, he is so unlucky.
  • #3,451
  • Jun 18, 2014 5:19am Jun 18, 2014 5:19am
Quoting pannet1
{quote} hmnn, he is so unlucky.
will be here around NY open..

Udine
Sleep less, live fast, as it aint gonna last
  • #3,452
  • Jun 18, 2014 5:21am Jun 18, 2014 5:21am
Quoting jsf
Got lucky, forgot the rule .100 - no trade! {image}
and perhaps no look at RmDn. For me its RED
  • #3,453
  • Jun 18, 2014 5:24am Jun 18, 2014 5:24am
Quoting HannesJoub
{quote} Damn, this thread is flying along...many thanks Udine for taking the time to reply. Well done to everyone with green pips. I am hoping to join the fray next week... Cheers H
Agreed.

Sincerely, thanks Udine, for taking the time to teach us, rather than working on your golf handicap !!!
  • #3,454
  • Jun 18, 2014 5:27am Jun 18, 2014 5:27am
@ Udine & others who are trading this method...

The rules state that we should trade for the two hours after a market open and that we should stop trading once our target is reached. This is done to keep circumstances in our favour...

Regarding the bonus trades, how would you decide that it is feasible to take bonus trades? Or is that just something that you learn as you go along?

I, for one, am planning to trade strictly according to the rules, otherwise, I feel that I would not be able to fairly assess the method. Also, if things go wrong, and I am not confident that I have followed the method strictly, I would not know where to go looking for mistakes...

Does this make sense?

Plus, opinions on the bonus trades are welcome please.

Cheers

H
  • #3,455
  • Jun 18, 2014 5:29am Jun 18, 2014 5:29am
Quoting hugecat
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... {image}
Which broker are you referring to in this post. Thx
  • #3,456
  • Jun 18, 2014 5:33am Jun 18, 2014 5:33am
done for today EJ +5

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  • #3,457
  • Jun 18, 2014 5:34am Jun 18, 2014 5:34am
Quoting HannesJoub
@ Udine & others who are trading this method... The rules state that we should trade for the two hours after a market open and that we should stop trading once our target is reached. This is done to keep circumstances in our favour... Regarding the bonus trades, how would you decide that it is feasible to take bonus trades? Or is that just something that you learn as you go along? I, for one, am planning to trade strictly according to the rules, otherwise, I feel that I would not be able to fairly assess the method. Also, if things go wrong, and...

Simple if you have your DT reached after London open, wait for NY open for bonus trades..

Udine
Sleep less, live fast, as it aint gonna last
  • #3,458
  • Jun 18, 2014 5:37am Jun 18, 2014 5:37am
Quoting Udine
{quote} Simple if you have your DT reached after London open, wait for NY open for bonus trades.. Udine
Humbly, thanks again for your reply & patience with me / us.

Keep it simple, I like it...(for me the less that I have to think about trading, the more success I will have )

Cheers

H
  • #3,459
  • Edited 7:10am Jun 18, 2014 5:38am | Edited 7:10am
Quoting Udine
{quote} it can also prevent from a winning trade turning into a loser.. accept it and simply wait for next set up Udine
Yes.
That's wise, Udine.

Do you add the commission to your 5 pips target or not?
I've added mine (2 x 0.4 pip) and it seems the price often turns between 5 and 5.8 pips...

The same for rule 16 :
Quote
16. Trailstop 3.5 pips & Stoploss to BE @ 3.5 pips
Is it BE and 3.5 pips or BE + comm and 3.5 pips + comm, please ?

Quote
Quoting Ff-fx
GJ pending short @ 173.100 EJ long @ 138.600

WRONG !!!

check the RULES !!!

Udine

Oups, you're right Udine :-(
Quote
21. a mistake is 10 burpees

Go on...

Edit :

Quoting flx69
{quote} Short @ .100 ? Maybe look at rule #5 ?
You're right too flx69 ;-)
Sorry, didn't see your post...
  • #3,460
  • Jun 18, 2014 5:39am Jun 18, 2014 5:39am
Quoting HannesJoub
{quote} Humbly, thanks again for your reply & patience with me / us. Keep it simple, I like it...(for me the less that I have to think about trading, the more success I will have ) Cheers H
same here , I am just a simple guy...

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