As simple as possible: 00 level trading

Blank it, that is all.

Calm down. No need to post that offensive. Its public here. Learn to behave.

My stupid idea is exactly what Udine keeps hammering away at: treat this like a business. You are treating Forex like a get rich scheme.

Good luck in whatever it is you're hoping to accomplish. You will certainly need it.

Here is my rules, as asked, i post it here. Sorry not mean to disturb Udine's thread
1 With Trend, D1 & 1H color agree
a)Pull back at R&S line
b)Cross 00 line
2 No trading < 1hour before Red news
3No trading < 30min after Red news
4After 40 pips loss stop trading for the day
5Stop trading after daily target reaches
6STOP LOSS 10 pips, SL 10 pips
7Take profit 10 pips
8Only pending orders
9Only 1 trade per hour per pair
10A mistake == 10 burpees
11 Long not on Resistance
Short not on support
12Only one trade open at hand
13 BE at 5 pips
14 Week, Day, 4H, 1H, 15min S&R line

As for my adapting rules, this is it.

Somebody emphasize forex is "slow and stready"

Somebody emphasize forex could be rich fast.

No matter what it should be, just select one way whichever you would have capability to handle it. That is all.

Speaking of work... I will put up 3 very simple data that anyone who happens to have the slightest interest in this method should have already checked into and come up with.. I bet at least 90% have not even bother or even worst did not even cross their minds..

anyways, instead of plotting the thread with nonsense.. go to work on these three data's for the weekend.. till next task..

here it is..

check last 6 mo of data on ej and gj to see:
1) how many trending days..
2) how many ranging days..
4) how many days of trend change in a single day..

to press that buy/sell button confidently one needs to be backed up and supported with enough doze of information..

go to work and stop fucking around..

if you wake up Udine in the middle of the night and ask these three and most other important data's he would tell you by heart.. lol.. or whoever that is really into to this and treating it like a buissss.

The key ............ minimum ratio of 1:1 .

regards

Udine,
Slippage at entry 1 PIP and now at exit 5 PIP besides commission makes it even more difficult for me to trade this system. One wiseman said start with Higher Timeframe (D1) and after you are successful, then lower Timeframes. I learned many things here. Will be back soon when I am a better trader. Good bye till then.
PS: I will continue to fix the EA until I am satisfied.

Please help me!!!

do you mean load up 2 different charts of the same pair, d1 and m15 or first load up the d1 then hit the little m15 button, then go back to d1 and try loading template? I'm trying to just remove everything from meta and start over but i cant seem to delete WUKAR from meta.. grr this is annoying

could some one help me? i cant use the indictor.



thank you

You are missing several indicators.

Go back to the beginning of this thread and read ALL of the first post.

Install ALL of the indicators and the template files that are supplied in the "indicators.zip" file.

Read Udine's Word files. READ EVERYTHING!

Restart your MT4 platform, load the right pairs, load the template and start reading ALL post. You can then compare your chart to Udines's and others that have this working.

Part of conquering this method is to figure things out yourself from the post and then determine how it can work for you. But you must read all post up to this point in order to understand it.

88 you need to remove all your mas to start with

Hi there..:-)...test drive in progress...:-) my outcomes has improved significantly....Thank you Udine!..:-)

Personally I believe this system (among great entry signals) is truly driving home the message of one other aussie trader I have been following for couple of years now (Niall Fuller - Price action). And the message is simple - be a "sniper" not a "gunner"....which means careful, slow selection of your entries....timing has to be perfect and chosen trade (pair, contract size) must be done with great care...

Love my sniping now ..:-)...it was so hard not to be a gunner.....trading can very quickly become addictive slot machine if you are not careful!

Tried to upload my snap shots of my template - still trying...lol

ps...I do not use trailing stops....I set take profit or close manually.....it works for me..:-)

cheers!

Good Fortune Pixie01 ......Patience is the key ...Q

In 300 plus pages I can probably count on one hand the number of times people have actually brought up/discussed some basic trading fundamentals. Udine himself has thrown a few carrots out there to see if anyone takes notice but it generally seems to fall on deaf ears.

Main focus seems to be all traders sitting in front of their computer at LO making sure they can green tick all "the rules" and then put their pending order in. Lot's of charts showing what they've done and nothing about whether it makes sense, but rather whether or not it followed the rules. This is then compounded with so many posts afterwards showing GJ at TP 5pips, yay finished for day and then all and sundry figuring it's easy. Until losses happen.

Remember Udine has been doing this a long time. Consciously/Subconsciously he will analyse what's going on in about 10 secs and then decide whether to trade. It's called using his two eyes. This "grey area" of knowing when to trade and when not to trade is something that all system/strategy threads have and is the difference between profit and loss. Unfortunately it is a "grey area" and can't always be quantified or explained.

This thread has been going for not even a month. If you're a novice trader then you should still be on demo or at most, a small live account. Follow what happens in different trading conditions. Did you understand what happened if you won/lost? Was a currency trading down for the last week but you took a long trade coz "the rules" said so? Has it been ranging and you took a short trade at the bottom of a range? Where are S/R's and pivots?

This is scalping for 5 pips so I don't want to see the thread become complicated and convoluted with a lot of ideas for filtering indicators or over-analysis of what's happening in order to take a trade (remember KISS). But with this RR do some quick calc's around the difference in having a 75% success rate and a 90% success rate.

So in order to aim for a 90% success rate you need to get the entry right (exit is done for you). If you're struggling with this system, stick with it coz it is very straightforward. Do some (A LOT) of reading on price action (critical in scalping) and then pick a currency and spend an hour or two before trading figuring out what's been happening today, yesterday, last week/month. Is there HH, HL, reversal, breakout, where's S/R?. What happening on M5, H1, H4, Daily? Most of the time you're not going to need this info, but when you do, then you REALLY DO.

If you're questioning what's going wrong and where the problem is then look in the mirror and ask what can you do to change it. Have you even bothered to read what Udine has posted and followed the links on first page?

BIG thanks to Udine for putting some great rules around a simple system and for the patience shown. Hope you stick around a while because the thread will mature and hopefully everyone can make some money and have some fun.

Question : anyone know how to move the labels of the 'modified sweet spots" away from tha action towards the rhs a few spaces ? thanx in advance

Eric modified the sweet spots awhile back to do just that - look through the attachments under his name -

btw, thanks Eric

wonder if he would post it again when he comes in ...