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As simple as possible: 00 level trading

  • #3,881
  • Jun 19, 2014 5:31am Jun 19, 2014 5:31am
Quoting FXEmpire
{quote} udine my brother... but it's important that you elaborate on how you are able to dodge that gj loss at 300 lv signal.. I think it's only fair to ask.. it don't mean that if you can do it so can I or we.. but some ideas into what you do consider or don't, etc.. appreciated..
no specific reason I missed EJ and GJ entry, simply because I was replying to a post here....

and when I checked the charts, the whole morning the GJ has difficulties to move above the .300 level, so I decided to wait until the NY open and simply wait it out..

When I started out I used 2 trade windows:
1. London open + 2 hours
2. New York open +2 hours

that was my limit of trading.. now I trade when I see fit, but in the beginning I was extremely strict..

Udine
Sleep less, live fast, as it aint gonna last
  • #3,882
  • Jun 19, 2014 5:32am Jun 19, 2014 5:32am
Quoting Qed
Hey MM I have the multimeter in my data folder but I dont seem to be able to get it into either indicators or custom indicators , any idea would be appreciated
Did you do the following:

1. click "file" then "open data folder" then open "MQL4" folder then open "Indicators" folder in your MT4 platform
2. minimise the screen to half size then have the ZIP folder open so you can drag and paste the indi from Zip to MT4 folder
3. Now "left click and hold" the indi file you want from the Zip folder and drag it into your open Indicator folder of your MT4
4. Close your MT4 platform and restart it
5. Now go to the same Indicator folder of your MT4 platform and check to see that the Indicator is present
6. Attach the Indicator to a chart of your desire
7. You should now have the Indicator attached to your chart and ready for use.

EDIT: Restart your MT4 platform if you have already put it in the data folder under sub folder "Indicators"

Hope that helps and my apologies if you were asking something different.

All the best,

Masterrmind..........
Master your Mind then Master your Trades
  • #3,883
  • Jun 19, 2014 5:32am Jun 19, 2014 5:32am
Another attempt with 173.300 on GBP/JPY...
  • #3,884
  • Jun 19, 2014 5:33am Jun 19, 2014 5:33am
guys/girls,

i have reached the limit of replying to PM's so please be patient, I will answer in due time...

otherwise ask here in the thread..

Udine
Sleep less, live fast, as it aint gonna last
  • #3,885
  • Jun 19, 2014 5:35am Jun 19, 2014 5:35am
Quoting FXEmpire
{quote} ya prior to that he was up +12%.. why not stop there to not take the ej winner.. we are still inside 2-3hrs of london based on rule still very much a valid setup.. his +10 for day is not reached regardless of being up whatever, got meet the daily goal based on what is presented here.. I am not being negative or trying to pick on Udine.. he'll understands i am sure

I understand

Udine
Sleep less, live fast, as it aint gonna last
  • #3,886
  • Jun 19, 2014 5:35am Jun 19, 2014 5:35am
Quoting Udine
{quote} no specific reason I missed EJ and GJ entry, simply because I was replying to a post here.... and when I checked the charts, the whole morning the GJ has difficulties to move above the .300 level, so I decided to wait until the NY open and simply wait it out.. When I started out I used 2 trade windows: 1. London open + 2 hours 2. New York open +2 hours that was my limit of trading.. now I trade when I see fit, but in the beginning I was extremely strict.. Udine
You told that you don't take the trade if the 1H candle closes less than 1 pip from the 00 Level whereas in the GJ trade the Daily open is at 173.192 and the 1h candle closed at 173.202 so the level for long is 173.30 not .20 ...
Trade Safe !
  • #3,887
  • Jun 19, 2014 5:35am Jun 19, 2014 5:35am
Thanx Heaps MM , exactly what I wanted ... can copy paste how to do it ,thanx again cheers Q
Whats That? you're trading What?
  • #3,888
  • Jun 19, 2014 5:37am Jun 19, 2014 5:37am
Udine,

Thankyou for the thread, excellant stuff, what you are showing to hopefully new and old traders is the need to keep it simple have a process and stick to it.

Fantastic
  • #3,889
  • Jun 19, 2014 5:40am Jun 19, 2014 5:40am
Quoting Qed
Thanx Heaps MM , exactly what I wanted ... can copy paste how to do it ,thanx again cheers Q
Happy to help you out my friend no trouble at all!

Masterrmind..........
Master your Mind then Master your Trades
  • #3,890
  • Jun 19, 2014 5:40am Jun 19, 2014 5:40am
Quoting Goodgame42
{quote} You told that you don't take the trade if the 1H candle closes less than 1 pip from the 00 Level whereas in the GJ trade the Daily open is at 173.192 and the 1h candle closed at 173.202 so the level for long is 173.30 not .20 ...
true, but as I was busy replying to the thread, and when I watched the chart I chose patience..

Udine
Sleep less, live fast, as it aint gonna last
  • #3,891
  • Jun 19, 2014 5:43am Jun 19, 2014 5:43am
Quoting Udine
{quote} no specific reason I missed EJ and GJ entry, simply because I was replying to a post here.... and when I checked the charts, the whole morning the GJ has difficulties to move above the .300 level, so I decided to wait until the NY open and simply wait it out.. When I started out I used 2 trade windows: 1. London open + 2 hours 2. New York open +2 hours that was my limit of trading.. now I trade when I see fit, but in the beginning I was extremely strict.. Udine

Thanks Udine..

You see guys.. wealth of information when you ask.. (Udine:when I checked the charts, the whole morning the GJ has difficulties to move above the .300 level), or (now I trade when I see fit, but in the beginning I was extremely strict) or.. (when I watched the chart I chose patience..)

..can't exactly put all that on the rule book.. but when you trade for enough time your would know that it can not be all black and white and 100% rule based.. this kind of discretionary and smarts/skill is definitely needed...
so that is why it's ok to ask from the founder/creator or presenter for his expertise in the particular.
Passion, Persist, Patience, Protect
  • #3,892
  • Jun 19, 2014 5:45am Jun 19, 2014 5:45am
Quoting Udine
{quote} ...... taking time to reply here so people will understand there is more to trading than just a horizontal line.... and experience only comes with time.... Udine
Udine... can you give us some ideas what to look for, to which things we should pay attention...
  • #3,893
  • Jun 19, 2014 5:47am Jun 19, 2014 5:47am
Quoting NewToForex14
{quote} Udine... can you give us some ideas what to look for, to which things we should pay attention...

that my friend, would be enough for a book (what I wont write)

it is not that easy.. but that is why the thread is called AS SIMPLE AS POSSIBLE

Udine
Sleep less, live fast, as it aint gonna last
  • #3,894
  • Jun 19, 2014 5:55am Jun 19, 2014 5:55am
Quoting NewToForex14
{quote} Udine... can you give us some ideas what to look for, to which things we should pay attention...
If I may?

If you trade the system / method strictly according to the original rules as laid out, those things that you ask for will become apparent in a short time, and I do believe it is better to discover it that way because it will stick...

Experience is the one thing that cannot be taught...

H
  • #3,895
  • Jun 19, 2014 6:00am Jun 19, 2014 6:00am
GBP/JPY 173.000 LV entry +5 on the second attempt.
  • #3,896
  • Jun 19, 2014 6:00am Jun 19, 2014 6:00am
Today trade #03

gj th

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-19_GJ_03_TH.png Size: 46 KB
Healthy, Wealthy & Steady!!
  • #3,897
  • Jun 19, 2014 6:04am Jun 19, 2014 6:04am
Quoting Udine
{quote} that my friend, would be enough for a book (what I wont write) it is not that easy.. but that is why the thread is called AS SIMPLE AS POSSIBLE Udine
Mmmm.

Isabel Allende, writing from abroad
J.R.R. Tolkien (Lord of the Rings), writing from abroad
George Orwell, writing from abroad
UdineFX, ehm, just trading from abroad ?

The way I see it, writing a book would be much better, since many people donīt bother to read the thread !
  • #3,898
  • Jun 19, 2014 6:05am Jun 19, 2014 6:05am
New possible entry for the hour:

GBP/JPY 173.400 Buy Stop
EUR/JPY 138.800 Buy Stop (already triggered)
  • #3,899
  • Jun 19, 2014 6:06am Jun 19, 2014 6:06am
Quoting flx69
{quote} Mmmm. Isabel Allende, writing from abroad J.R.R. Tolkien (Lord of the Rings), writing from abroad George Orwell, writing from abroad UdineFX, ehm, just trading from abroad ? The way I see it, writing a book would be much better, since many people donīt bother to read the thread !

writing a book = work..

I have an allergy for work and there aint a cure for that...

Udine
Sleep less, live fast, as it aint gonna last
  • #3,900
  • Jun 19, 2014 6:07am Jun 19, 2014 6:07am
Quoting Paracelsus
New possible entries for the hours: GBP/JPY 173.400 Buy Stop EUR/JPY 138.800 Buy Stop (already triggered)
Not so sure about the EJ trade... price has been in that area for a while and there are numerous wicks. I hope that it does shoot up to allow either for BE or TP. Good luck.

H
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