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As simple as possible: 00 level trading

  • #5,621
  • Jun 25, 2014 6:11pm Jun 25, 2014 6:11pm
Quoting Go5
{quote} You're welcome. Yes, certainly enjoying this - but still have to learn and get much better...
Hi Go5: Not an easy game and I hope you do well. I am not an Udine purist but have used many of the ideas here to improve my game. Thanks again. mdavem.
  • #5,622
  • Jun 25, 2014 6:19pm Jun 25, 2014 6:19pm
Quoting Udine
{quote} Churchill once said "If your going through hell.... KEEP GOING !!! {image} This my friends is NOT EASY TRADING.... Udine
I have made all my money this week on GA and EA - they currently have almost double the ADR of the other two. I'm not saying this for Udine's benefit, but I'm just saying it because it is working for me. Something that has a daily range of over 100 pips, I feel pretty confident I can find 5 pips in there and keep it! I still watch GJ and EJ, but if the opportunity looks similar in EJ versus EA, I take EA, similar with the G pairs.
Small disciplines repeated with consistency lead to great achievements.
  • #5,623
  • Jun 25, 2014 7:14pm Jun 25, 2014 7:14pm
Quoting jmflukeiii
{quote} I have made all my money this week on GA and EA - they currently have almost double the ADR of the other two. I'm not saying this for Udine's benefit, but I'm just saying it because it is working for me. Something that has a daily range of over 100 pips, I feel pretty confident I can find 5 pips in there and keep it! I still watch GJ and EJ, but if the opportunity looks similar in EJ versus EA, I take EA, similar with the G pairs.
When you say you have "made all you money" would you mind sharing your stats for both pairs, and when are you trading them? tokyo, london, NY?
I'd love love love to be able to get this done in tokyo... Concentrating and being PDF & BCC can be tough trading through 4pm to 8pm with young kids at home... but I will if I have to
  • #5,624
  • Jun 25, 2014 7:29pm Jun 25, 2014 7:29pm
Quoting jmflukeiii
{quote} I have made all my money this week on GA and EA - they currently have almost double the ADR of the other two. I'm not saying this for Udine's benefit, but I'm just saying it because it is working for me. Something that has a daily range of over 100 pips, I feel pretty confident I can find 5 pips in there and keep it! I still watch GJ and EJ, but if the opportunity looks similar in EJ versus EA, I take EA, similar with the G pairs.
Say the ADR (Average Daily Range) of a pair for the last 20 days is 100 pips.

Lets use the Daily open line as the center ... so the daily potential of the pair is going higher: daily open + 100 pips and going lower: daily open - / - 100 pips, although it almost never goes exactly like this .. .

If at London open my own NOTE pair moved the ADR, I know I can make money!

I understand that :
We are looking for high ADR,
high ADR for me 100 and above
now suitable for the process
GBPAUD and EURAUD
especially GBPAUD 20day = 110

I'm sorry for my bad english
I hope I understood you correctly

regards
  • #5,625
  • Jun 25, 2014 7:41pm Jun 25, 2014 7:41pm
Quoting jmflukeiii
{quote} I have made all my money this week on GA and EA - they currently have almost double the ADR of the other two. I'm not saying this for Udine's benefit, but I'm just saying it because it is working for me. Something that has a daily range of over 100 pips, I feel pretty confident I can find 5 pips in there and keep it! I still watch GJ and EJ, but if the opportunity looks similar in EJ versus EA, I take EA, similar with the G pairs.
Finding what works best for you is where traders should put all of their efforts.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,626
  • Jun 25, 2014 7:42pm Jun 25, 2014 7:42pm
Bending the rules. Deja vu.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,627
  • Jun 25, 2014 8:02pm Jun 25, 2014 8:02pm
Two trades Tokyo at the open. EJ and GJ. Done for today!
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  • #5,628
  • Jun 25, 2014 8:04pm Jun 25, 2014 8:04pm
One by the rules
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  • #5,629
  • Jun 25, 2014 8:18pm Jun 25, 2014 8:18pm
Quoting pgtips
{quote} seen a few posts on this pannet1 but didn't take it in, what does this EA do. I guess merge wheelbarrow and wukar into 1 ? thx
Pannet1 and I worked on this separately when we thought the other was not. He is adding some additional features like order entry, which will be nice when it's finished, but in the meantime, you can use my last post 1.3.2e which does combine them and allows hidden everything: BE, TS, SL and TP, and you can add commission to BE and TP if you want.
  • #5,630
  • Jun 25, 2014 8:23pm Jun 25, 2014 8:23pm
tokyo

EJ - TP

GJ -SL
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  • #5,631
  • Jun 25, 2014 8:32pm Jun 25, 2014 8:32pm
Quoting flx69
{quote} Ongpchye; Market panel clock: double click right next to the H1, then press "delete". Do the same in the black area to the right of the 173.598 in your screenshot. That´s your maket panel sorted. You´re "missing" the anycandle indi, although this is not necessary. The template "as is" in post one works fine, also on build 646 (I am using the same build). All the essentials in your screenshot are there. If you want some things moved a bit to the left, to the right, change the alignment, etc. you´re best of to go to one of the subforums where...

Hey flx69 - thanks
  • #5,632
  • Jun 25, 2014 9:16pm Jun 25, 2014 9:16pm
[quote=ericjschroed;7562113]{quote} Pannet1 and I worked on this separately when we thought the other was not.

Eric did you get my PM?
Leigh.
Our IMAGINATION is the true holy grail!
  • #5,633
  • Jun 25, 2014 9:18pm Jun 25, 2014 9:18pm
any aussie people up and about ? another good morning on SPI200 thanx Udine
Whats That? you're trading What?
  • #5,634
  • Jun 25, 2014 9:27pm Jun 25, 2014 9:27pm
Quoting Qed
any aussie people up and about ? another good morning on SPI200 thanx Udine
Kiwi here

-10 short on GBPJPY
+5 long on EURAUD

Just practicing entry's, spread too great on this broker... will change soon
  • #5,635
  • Jun 25, 2014 9:29pm Jun 25, 2014 9:29pm
Baaaaaaaaaaaaaa (woops couldnt help myself ) Gidday m8 Good Forune ,uve come to the right place IMO
Whats That? you're trading What?
  • #5,636
  • Jun 25, 2014 9:35pm Jun 25, 2014 9:35pm
Breaking the rules. Do not try this at home kids.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,637
  • Edited 9:52pm Jun 25, 2014 9:39pm | Edited 9:52pm
Quoting Callum
{quote} When you say you have "made all you money" would you mind sharing your stats for both pairs, and when are you trading them? tokyo, london, NY? I'd love love love to be able to get this done in tokyo... Concentrating and being PDF & BCC can be tough trading through 4pm to 8pm with young kids at home... but I will if I have to
I trade at the Tokyo open, right on that first hour, and then I'm done with Tokyo. Then I trade the three hours at NY open. I typically don't use the trailing stop during Tokyo unless I have to step away. I don't levels that are too close to the open, I want to have see price moved a bit from the open during Sydney (I find that the open itself is often a S/R level that price bounces off of.

I am at 64 trades using this system and a little bit of my own common sense which isn't necessarily something I'm able to be written into a one-line rule - things like I wrote above, or avoiding EJ when its in a 30 pip box [sometimes, like tonight, the trade works anyway despite my guidelines]. I have a 93.75% win rate over that sample and an average of 2.22 net (of commissions) pips per trade (wins, losses, BEs).

EDIT: I want to add that I am NOT trading anything of significant size, only that which is required of me by my broker. I am trading with real dollars, but will be gathering at least a 250, if not 500 trade sample size before actually applying real $s to this method. So far, its been working great for me, but 64 trades over the last month or whatever is not a lot of data.
Small disciplines repeated with consistency lead to great achievements.
  • #5,638
  • Jun 25, 2014 9:49pm Jun 25, 2014 9:49pm
MrTD can u get aussie 200 (spi200) on ur platform ? you maybe able to take advantage of that in relation to AUDNZD (divergence )?
Whats That? you're trading What?
  • #5,639
  • Jun 25, 2014 9:54pm Jun 25, 2014 9:54pm
Hi Qed just pm'd u
  • #5,640
  • Jun 25, 2014 9:54pm Jun 25, 2014 9:54pm
just a thought ...woops sorry wrong pic
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Whats That? you're trading What?
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