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As simple as possible: 00 level trading

  • #7,681
  • Jul 4, 2014 5:41am Jul 4, 2014 5:41am
Quoting easygoing
GJ short 174.900 at 5pm JST turned out to be a SL while I was away... If I had traded at 6pm JST I would have won GU and GJ (GJ might have been a BE), but I was not in front of my PC. Today's Total: -10pips (GJ -10, BE, -10. EJ +5, +5. CJ BE). This week's Total: -25 pips (4%) I'm wondering whether I continue trading today

you tell me with US bank holiday

Udine
Sleep less, live fast, as it aint gonna last
  • #7,682
  • Edited 5:52am Jul 4, 2014 5:42am | Edited 5:52am
GJ -10 SL

The 174.900 level is a support that is as solid as a rock!

Masterrmind............
Master your Mind then Master your Trades
  • #7,683
  • Jul 4, 2014 5:48am Jul 4, 2014 5:48am
Quoting Udine
{quote} you tell me with US bank holiday Udine
Thanks, Udine. I stop today.

Hope next week will bring me a lot of green pips!

BTW, I'm grateful for your sharing this method.
This method has been changing my trading style.
Your influence on me is great.

I hope some day I go to Italy and say thanks to you.

But before that, I wanna make green pips steadily, contantly like you
My hope has been almost completely shattered, but not completely yet
  • #7,684
  • Jul 4, 2014 5:48am Jul 4, 2014 5:48am
does everyone here give priority to ej/gj and then gu/eu? i was practicising today and while i got some hit i also took some losses with a/j wondering where i went wrong.. seems like everyone else is done
  • #7,685
  • Jul 4, 2014 5:51am Jul 4, 2014 5:51am
Quoting Masterrmind
GJ -10 SL The 179.400 level is a support that is as solid as a rock! Masterrmind............
Maybe you meant 174.900 on GJ?

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #7,686
  • Jul 4, 2014 5:53am Jul 4, 2014 5:53am
Quoting JibalaPasan
{quote} Maybe you meant 174.900 on GJ? Jibala
Thanks Jibala you are correct!

Correction has now been made.

Masterrmind.....
Master your Mind then Master your Trades
  • #7,687
  • Jul 4, 2014 6:04am Jul 4, 2014 6:04am
GU to TP.
+5 for today.

Edit, slippage cost me 3.2 pips :-(
Attached Image (click to enlarge)
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  • #7,688
  • Jul 4, 2014 6:11am Jul 4, 2014 6:11am
GJ to TP.

Target more or less reached.
I´m out, green pips and a good weekend to all of you.
flx69
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  • #7,689
  • Jul 4, 2014 6:12am Jul 4, 2014 6:12am
I've lost short entry @ 174.900 on GJ. It was not so solid
Porta itineris dicitur longissima esse
  • #7,690
  • Jul 4, 2014 6:33am Jul 4, 2014 6:33am
Quoting owner2005
Udine, maybe we should refresh base rules and add some more? I think it's good idea to add 2 more rules. First rule - filter gbpjpy / eurjpy and eurusd / gbpusd respectively by Pearson correlation on M15. Positive correlation must be more than 0.7. And the second rule - no trades if one of the correlated pairs is overbought / oversold ( RmUp / RmDn < 10). For example we look at GJ, system shows potential short trade, but EJ RmDn is less than 10, therefore we wait for the next signal. For those who just start to learn this system, it will be useful.....
I'm intrigued as to how this indicator could improve the frequency of winning trades.

A screen shot is provided on the GJ pair with indicator attached.

I'd like to know why the zones that I have marked with an "X" are not worth trading?

Please take this as a friendly question.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 66 KB


Feel free to PM me if you do not wish to post here.

Masterrmind..........
Master your Mind then Master your Trades
  • #7,691
  • Jul 4, 2014 6:43am Jul 4, 2014 6:43am
Quoting Juan007
{quote} gracias amigo nos seguimos comunicando por aqui ok
!!!! VAMOS COLOMBIA.......................!!!!!
Attached Image
  • #7,692
  • Jul 4, 2014 6:45am Jul 4, 2014 6:45am
FYI..

I just checked ... this week is the worst week of the last 10 weeks... +10 % account growth..

Udine
Sleep less, live fast, as it aint gonna last
  • #7,693
  • Jul 4, 2014 6:47am Jul 4, 2014 6:47am
I think its complicating things just IMO but if it helps someone without intruding on Udines system/method its up to the individual .cheeersQ
Whats That? you're trading What?
  • #7,694
  • Jul 4, 2014 6:48am Jul 4, 2014 6:48am
you prob spending too much time replying to questions LOL
Whats That? you're trading What?
  • #7,695
  • Jul 4, 2014 6:54am Jul 4, 2014 6:54am
Quoting Qed
you prob spending too much time replying to questions LOL
nahh, it was just to show that it can be done..

has nothing to do with answering questions...

Udine
Sleep less, live fast, as it aint gonna last
  • #7,696
  • Jul 4, 2014 6:55am Jul 4, 2014 6:55am
Quoting well72
Not bad for a first week, I think And without any stress. The following week increases the risk of up to 2%. Done today, koz holiday in US and end of week. Good weekend for everybody! Sorry for my English - I try to write without translator. Thanks, Udine, for your system! {image}
Good trading well72

This indicator showing results, do you mind posting it, thanks.
When all conditions are met - Enter trade - sit back and FRET !!!
  • #7,697
  • Jul 4, 2014 6:56am Jul 4, 2014 6:56am
Quoting chaveznqoos
{quote} !!!! VAMOS COLOMBIA.......................!!!!! {image}

FOCUS COLOMBIA ¡¡¡¡¡
  • #7,698
  • Jul 4, 2014 6:56am Jul 4, 2014 6:56am
Quoting bubincka
I've lost short entry @ 174.900 on GJ. It was not so solid
Solid in terms of price hitting the 900 level and bouncing back up, several times meaning that shorting from this level proved to be risky.

Even when price dropped slightly below this level it immediately went long again (above the level)

That's what I was meaning ...... BLUE support level = price tends to bounce back off it!

Attached Image (click to enlarge)
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Masterrmind............
Master your Mind then Master your Trades
  • #7,699
  • Jul 4, 2014 7:01am Jul 4, 2014 7:01am
Quoting Udine
FYI.. I just checked ... this week is the worst week of the last 10 weeks... +10 % account growth.. Udine
That's not so bad Udine is it??

Very good I would say and if that's the worst imagine how much better it can be.

Awesome work and thanks for sharing...........

Masterrmind............
Master your Mind then Master your Trades
  • #7,700
  • Jul 4, 2014 7:03am Jul 4, 2014 7:03am
Dear Collegues
Pls could you help me:
How to tune system that when profit reach 3.5 pips deal transfer to B.E??

I 've got 4 deal today with a profit 0.5 pips - less than comission.

Such setting will seriously increase Income and possibility rate

i don't understand what to do with trailing or smth else...
my trailing settings(wheelbarrel trailing):


Thank you in advance
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