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As simple as possible: 00 level trading

  • #5,921
  • Jun 26, 2014 10:34pm Jun 26, 2014 10:34pm
Quoting TforTXMarto
{quote} Sooooo well said. I'm still relatively new to fx but I have noticed the same thing. Personally, I'm going to stick to Udine's rules, no changes, and I'm going to do it manually. If I screw up, hopefully I will learn and adapt. I refuse to try and change his method, or try and find a shortcut. I'm still on demo, but so far Udine's way is working for me and I'm sticking with it. Thanks Udine! Marto
Yeah this is a great idea - even if after a couple months you find that you are net negative, the experience of sticking with a method, and teaching [forcing] yourself the discipline to just do it as prescribed, day in and day out will be far more valuable than trading this system for a week, changing some rules, reading about somebody else's idea, combining the two, making up some of your own tweaks, etc.... I think most of us have been down that path - I know I did - and it ultimately just delays profitability, if you can ever get there after beating yourself up so much through all the mental turmoil. Just sticking with something, especially when you have the opportunity to be taught by someone that is doing this as a living, is far more valuable than anything else you could do right now, in my opinion.
Small disciplines repeated with consistency lead to great achievements.
  • #5,922
  • Jun 26, 2014 10:35pm Jun 26, 2014 10:35pm
good one, thanks Udine.


EU & EJ -- TP
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  • #5,923
  • Jun 26, 2014 10:38pm Jun 26, 2014 10:38pm
EU TP, 2 for the day, going into Franky opens...
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  • #5,924
  • Jun 26, 2014 10:40pm Jun 26, 2014 10:40pm
GU --> tp
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  • #5,925
  • Jun 26, 2014 10:58pm Jun 26, 2014 10:58pm
Quoting artem_t
{quote} Udine, could you please answer me when you have time. Thank you!Artem

nope too close..

DO was 172.999 and levle 173.000

BTW the thread goes so fast it happens I miss a post sometimes

Udine
Sleep less, live fast, as it aint gonna last
  • #5,926
  • Jun 26, 2014 10:59pm Jun 26, 2014 10:59pm
Quoting TooSlow
Rules 5 and 6. Where is the rationale for these rules explained? I went to post 1 reread it. Reread the download document. Waiting for price to achieve the 000 level means price passed through the 090 level.
has been explained in the thread..

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #5,927
  • Jun 26, 2014 11:02pm Jun 26, 2014 11:02pm
Quoting ShanghaiMoon
Any one ever trade this during the Asian session? Also do you trade till the close of the ny session or are you done after the London close?

If you have the thread you would know the answer..

some trade asia
close when you reach your daily target

Udine
Sleep less, live fast, as it aint gonna last
  • #5,928
  • Jun 26, 2014 11:12pm Jun 26, 2014 11:12pm
Question about this Euro news that this site is saying goes all day? is it correct? all day to release peliminary CPI figures? i doubt it... I looked at other news feeds and don't see it mentioned?
Any thoughts?
  • #5,929
  • Jun 26, 2014 11:15pm Jun 26, 2014 11:15pm
Quoting Udine
{quote} If you have the thread you would know the answer.. some trade asia close when you reach your daily target Udine
I ran some numbers from my ongoing live test. I trade NY and Tokyo only as that is what I am capable of with my time zone and schedule.

  1. 56.2% of my trades have been during NY, but 58.4% of my profit has been from NY
  2. That leaves 43.8% of my trades during Tokyo, and 41.6% of profit during Tokyo.

What does that tell me? Not much, yet. This is my personal 73 trade sample. It does tell me two things: making profit during Tokyo is possible, but, it appears profit is more likely during the major sessions (duh).

Small disciplines repeated with consistency lead to great achievements.
  • #5,930
  • Jun 26, 2014 11:20pm Jun 26, 2014 11:20pm
Quoting rhonamary
Did a search on the thread but couldn't find RgH and RgL. What does Rg stand for, which highs and lows are these lines on the chart?

it has been mentioned several times in the thread..

Range High
Range Low

Udine
Sleep less, live fast, as it aint gonna last
  • #5,931
  • Jun 26, 2014 11:26pm Jun 26, 2014 11:26pm
Quoting traderathome
{quote} rhonamary, The starter of this thread is using a very old version of the Sonic R. System Market Panel and Clock indicators, which he has modified by removing code and User Notes from the compiles of the indicators. These are very old, and cut back versions. If you want the latest and greatest, visit the Sonic R. System thread. Everything there is free, improved for the latest MT4/5 builds, and open coded: http://www.forexfactory.com/showthread.php?t=114792 -tah

complete nonsense,

I modified nothing, just found them like this here on ff.com... but at least you were able to promote "your" thread..

have a green day

Udine
Sleep less, live fast, as it aint gonna last
  • #5,932
  • Jun 26, 2014 11:58pm Jun 26, 2014 11:58pm
Quoting ericjschroed
{quote} 1. EA does not consider if ADR is reached. 2. You have to manually eliminate trades that happened during news; that cannot be backtest coded. 3. If you have 1 win on EJ and 1 on GJ, you stop trading. I think the EA is supposed to do that in realtime but you can't backtest 2 pairs at the same time so it will take more trades than needed. {quote} Don't let Udine hear you say that! Last time he said something, he was up 80% for the month!
%80 wow wow wow
  • #5,933
  • Jun 27, 2014 12:06am Jun 27, 2014 12:06am
Quoting albyibrahim
im using udine system with the help of XUX99 EA but i will wait for the next version of it and hoping that all UDINE rules might done with the XUX99 EA. thanks UDINE and XUX99

I commend XUX99 for his work, but I dont need an EA for two 5 pip trades per day

Udine
Sleep less, live fast, as it aint gonna last
  • #5,934
  • Jun 27, 2014 12:10am Jun 27, 2014 12:10am
Hello everybody :-)
  • #5,935
  • Jun 27, 2014 12:14am Jun 27, 2014 12:14am
Was testing 2 brokers' demo account simultaneously this morning. One got filled and one didn't. the filled lowest candle is 172.699 while the other was 172.703. Is it normal ? because of lag or spreads
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  • #5,936
  • Jun 27, 2014 12:15am Jun 27, 2014 12:15am
Quoting msdogan
{quote} %80 wow wow wow
only analisys was checking if there was any news...

simply check the thread I am up at least 10 % per week...

flx69 was trading with me yesterday and made an easy 4 %....

no secrets, its all here..

although he thought I might do more analysis before the start of the trading day... how surprised he was that my only analisys was checking if there was any news... , besides checking if all rules applied...

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #5,937
  • Jun 27, 2014 12:18am Jun 27, 2014 12:18am
Quoting Udine
{quote} only analisys was checking if there was any news... simply check the thread I am up at least 10 % per week... flx69 was trading with me yesterday and made an easy 4 %.... no secrets, its all here.. although he thought I might do more analysis before the start of the trading day... how surprised he was that my only analisys was checking if there was any news... , besides checking if all rules applied... cheers Udine
I don't think enough traders realise how special that is!

Masterrmind..........
Master your Mind then Master your Trades
  • #5,938
  • Jun 27, 2014 12:53am Jun 27, 2014 12:53am
Quoting Udine
{quote} complete nonsense, I modified nothing, just found them like this here on ff.com... but at least you were able to promote "your" thread.. have a green day Udine

btw this does NOT mean I dont respect the Sonic thread or Traderathome as person

Udine
Sleep less, live fast, as it aint gonna last
  • #5,939
  • Jun 27, 2014 12:56am Jun 27, 2014 12:56am
Is German CPI in 30 min ?
  • #5,940
  • Jun 27, 2014 12:59am Jun 27, 2014 12:59am
Frankfurt open :
EJ : no .600 .500 .400 lvl
GJ : no .600 .500 .400 lvl
GU : pending long @ 1.70400
EU : no .600 .500 .400 lvl
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