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As simple as possible: 00 level trading

  • #5,641
  • Jun 25, 2014 9:56pm Jun 25, 2014 9:56pm
spi200 audnzd right pic this time
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Whats That? you're trading What?
  • #5,642
  • Jun 25, 2014 10:01pm Jun 25, 2014 10:01pm
[quote=Leigh;7562178]
Quoting ericjschroed
{quote} Pannet1 and I worked on this separately when we thought the other was not. Eric did you get my PM? Leigh.
Yes, thanks for that. I just didn't feel like trying to fix something that is currently working enough for me . Maybe if I get bored.
  • #5,643
  • Jun 25, 2014 10:03pm Jun 25, 2014 10:03pm
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Breaking the rules is not suggested.

Deja vu.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,644
  • Jun 25, 2014 10:05pm Jun 25, 2014 10:05pm
Quoting Qed
MrTD can u get aussie 200 (spi200) on ur platform ? you maybe able to take advantage of that in relation to AUDNZD (divergence )?
Never tried to trade anything other than forex and gold...
Just looked at 3 demo accounts I have running and 1 does have spi200...

Thanks for the hint mate... will check it out
  • #5,645
  • Jun 25, 2014 10:08pm Jun 25, 2014 10:08pm
PMSL here , just found out how to read PM's .... will reply sorry ....
Whats That? you're trading What?
  • #5,646
  • Jun 25, 2014 10:10pm Jun 25, 2014 10:10pm
Tokyo opening done
now waiting for London.
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  • #5,647
  • Jun 25, 2014 10:13pm Jun 25, 2014 10:13pm
Quoting Qed
any aussie people up and about ? another good morning on SPI200 thanx Udine
Aussie here... G'day.

While I don't trade Udine's methods as I have issues with the net R/R on this system, I do commend Udine for the selfless we he has presented it and the time and patience he continues to show.

I trade SPI also.... I would recommend a move to a Futures broker and away from CFD's to increase net return and increase positive expectancy for this method.

Cheers
  • #5,648
  • Jun 25, 2014 10:24pm Jun 25, 2014 10:24pm
Quoting jmflukeiii
{quote} I trade at the Tokyo open, right on that first hour, and then I'm done with Tokyo.
Yes I think that may be the solution because I have seen a lot of 2nd hour trades eventually become Loss. Market just dies.
  • #5,649
  • Jun 25, 2014 10:29pm Jun 25, 2014 10:29pm
Quoting ericjschroed
{quote} Yes I think that may be the solution because I have seen a lot of 2nd hour trades eventually become Loss. Market just dies.
Tonight EA and GA are exhibiting some attempts at a trend it appears -
Small disciplines repeated with consistency lead to great achievements.
  • #5,650
  • Jun 25, 2014 10:33pm Jun 25, 2014 10:33pm
HTB gidday , so far the results have been excelent on cfds using Udine method with tweeked settings for spi .. gold etc cheers Q
Whats That? you're trading What?
  • #5,651
  • Jun 25, 2014 10:34pm Jun 25, 2014 10:34pm
I'm seeing spreads around 20 before commission on GA at the moment - what are you seeing?
  • #5,652
  • Jun 25, 2014 10:36pm Jun 25, 2014 10:36pm
Quoting silversurfer
I'm seeing spreads around 20 before commission on GA at the moment - what are you seeing?
I'm typically at 1.4 or so. Basically the same as GJ. EA I see about 1.2 or so, same for EJ.
Small disciplines repeated with consistency lead to great achievements.
  • #5,653
  • Jun 25, 2014 10:38pm Jun 25, 2014 10:38pm
Udine has opened my eyes to the way price action works in relation to the daily open line.
Have any of you tried opening a trade at the start of the daily open line, then closing the trade at the start of the new days line?
PA can cross the daily open line a few times a day, so setting SL and new pending order would be needed!
GJ alone can move 18 to 80 pips per 24 hours.
Learn from your mistakes until you succeed. It's that simple.
  • #5,654
  • Jun 25, 2014 10:39pm Jun 25, 2014 10:39pm
Quoting ExcessFX
Udine has opened my eyes to the way price action works in relation to the daily open line. Have any of you tried opening a trade at the start of the daily open line, then closing the trade at the start of the new days line? PA can cross the daily open line a few times a day, so setting SL and new pending order would be needed! GJ alone can move 18 to 80 pips per 24 hours.
I've thought similar ideas. However, how do you choose which direction to trade?
Small disciplines repeated with consistency lead to great achievements.
  • #5,655
  • Jun 25, 2014 10:40pm Jun 25, 2014 10:40pm
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
Hi pgtips,

For now put it in the tester and delete the arrows to place stop order at nearest round number (in the direction of the Daily Candle). Phew.
  • #5,656
  • Jun 25, 2014 10:41pm Jun 25, 2014 10:41pm
Quoting jmflukeiii
{quote} I'm typically at 1.4 or so. Basically the same as GJ. EA I see about 1.2 or so, same for EJ.
That's pretty good, ea is around 13 and ej and gi sub 10 but ga still hanging around 20 - not to worry
  • #5,657
  • Jun 25, 2014 10:43pm Jun 25, 2014 10:43pm
Quoting Qed
HTB gidday , so far the results have been excelent on cfds using Udine method with tweeked settings for spi .. gold etc cheers Q
Well results are all that matter in this game so keep it up.
Consider the move to a futures broker in the future as the transaction savings will bolster your bottom line even further.
Cheers
  • #5,658
  • Jun 25, 2014 10:48pm Jun 25, 2014 10:48pm
Quoting jmflukeiii
{quote} I've thought similar ideas. However, how do you choose which direction to trade?
The daily open line starts at exactly where PA is, so just trade away from the line. Set a SL on the Daily line incase PA reverses, then new pending order the other way.
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Learn from your mistakes until you succeed. It's that simple.
  • #5,659
  • Jun 25, 2014 11:01pm Jun 25, 2014 11:01pm
Quoting ExcessFX
{quote} The daily open line starts at exactly where PA is, so just trade away from the line. Set a SL on the Daily line incase PA reverses, then new pending order the other way. {image}
How far away from the line? At the daily open, price = the line. So I presume you mean placing stop orders on one or the other side at X pips away?
Small disciplines repeated with consistency lead to great achievements.
  • #5,660
  • Jun 25, 2014 11:06pm Jun 25, 2014 11:06pm
Quoting jmflukeiii
{quote} How far away from the line? At the daily open, price = the line. So I presume you mean placing stop orders on one or the other side at X pips away?
Yes exactly, maybe pending order 5 or 10 pips either way of daily line, just to make sure PA is away in that direction. Then SL right on the daily line.
Some days will have quite a few 5 pips losses, other days will net 80 pips+.

The biggest trade i could see was 600 pips in 24 hours on GJ. Open line to next open line. on 4/4/13
There are lots of days yielding up to this amount of pips.
Learn from your mistakes until you succeed. It's that simple.
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