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As simple as possible: 00 level trading

Quoting buntmn
{quote} I got caught early in LO with 900, watched it for a while and got nervous with the support it was getting. Hardly an exact science coz support gets broken all the time and with Udines system I've watched support get broken and people bank green pips. Just gut feel and nervousness for me I spose.
The important thing to know about S&R is that these levels do get crossed and broken all the time that's for sure.

The big point here is to watch how PA behaves around these levels and make intelligent trading decisions.

It's a game of probability and what you want is the maximum possible chance of winning every trade you take and to be consistently profitable!

What better way than to take this journey together!

Masterrmind...........
Master your Mind then Master your Trades
Quoting jen101
{quote} The worst bullies are the ones who do it on the sly; jobs worths, civil servants and those who feel they have been hard done by. They get a little bit of power and milk it to death. You'd find they were probably inadequate at school and have big chips.
Cannot agree more. Most arrogant people have probably a deep sense of being inadequate and by putting people down they can prove to themselves that they are actually "adequate".

Once they have made their fame and fortune, retired, got the house with the pool and the chef kitchen, the yacht, the Ferrari, the Phillipe Patek watch, the "trophy wife, well, then what else left...? Making other people feel inadequate by bullying them, being rude to the "less fortunate" and at best paternalizing them.
It is their curse as the nagging deep feeling of inadequacy will always stay with them and they cannot run back to Mummy by their Ferrari for some reassurance.

Of course, these are general observations... Any resemblance to real persons, living or dead, is purely coincidental.
Hi everybody.

Well, yesterday ended my first week spent testing that strategy.
I use an ECN demo account, commissions move Reward/Risk from 1/2 to 1/3: if I take profit I gain the value of 4 pips, and if i take a loss i get -11.
When I get TS, sometimes I'm little in frofit, sometimes in little loss.
My pips balance is positive, +13.4, but € closed neutral, only a 0.60%.
Considering that as my first complete week test, and considering that this was a really hard week even for Udine (the worst of the last 10), I'm quite satisfied.

I had:
- 3 SL (1 mistake, .800 long before London)
- 8 TP (all according to the rules)
- 4 TS (3 of them would have been closing in TP few minutes later, just misfortune)

I decided to risk 4% instead of 2%, as risk/reward is the same and it doesn't change the dynamics of trading at all..

Have a nice weekend!

Lrt
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"Every battle is won before it's fought."
Quoting FXEmpire
{quote} What i am saying there should be some commonsense involved in traders part.. can't put everything into rules.. (btw.. this post is for everyone or anyone who keeps up a open mind, not particularly directed to d18 he probably won't care much.. I quoted off his post to make it clear for who would follow the discussion trend.) look.. valid short signal at 000Lv was poped at about trigger time of 30min post London open as the last valid signal prior to the 900lv under discussion.. your tp on that trade is probably hit about 10-15 min later.....
Interesting post. Going through all of my week´s trades, this one was the only loss.
Reading your post side by side with the screenshot of the chart, now I know why.
Analysis is obviously a subjective thing, but most traders will have to admit this one´s ascertained.
Learned something new, done for the day
Never mind
Quoting FxMasterGuru
{quote} Cannot agree more. Most arrogant people have probably a deep sense of being inadequate and by putting people down they can prove to themselves that they are actually "adequate". Once they have made their fame and fortune, retired, got the house with the pool and the chef kitchen, the yacht, the Ferrari, the Phillipe Patek watch, the "trophy wife, well, then what else left...? Making other people feel inadequate by bullying them, being rude to the "less fortunate" and at best paternalizing them. It is their curse as the nagging deep feeling...
Entrepreneurs have a lot of self worth. If they were lacking in confidence and insecure, they would never make it. I'm talking about the ones in dead end jobs, who have not the ability or confidence to strike it out on their own, to give it a go, the "can't do's." They're resentful of the ones who leave them behind. It's a bit like you trying to overtake someone and they speed up or pull out trying to prevent you.
Udine

i think this info could help ... Psychological Levels

http://www.forexfactory.com/showthre...&reply=1#reply



indicators and templates
http://newdigital-world.com/trading-...al-levels.html
  • Post #7,828
  • Quote
  • Edited Jul 6, 2014 8:38am Jul 5, 2014 11:09pm | Edited Jul 6, 2014 8:38am
The system posted by Udine is very good enough to asses the trend for the particular day.

There are lots of positives in this system like the following :

1) Never trade at RN level.

2) Never trade when Daily candle and Hourly candle colour is opposite.

3) Never trade at 900 and 100 levels.

4) Never trade near open price line.

5) Never trade more than 2 plus 1 bonus trade

6 ) Trade at 00 levels.

7) Most importantly, he advises to look for 5 pips profit in a trade.

This system is good enough to catch 5 pips per trade. This controls the emotions.

A person who follows the system rules and follows discipline, common sense will definitely have success
Intraday only.
I made it to the end
to whom it may concern..

please chill guys as this is not going anywhere... respect for all..

Udine
Sleep less, live fast, as it aint gonna last
Quoting Qed
gidday Udine , question If i may , I cant find the indicator to load london etc opening times hint please

Market panel display controller indi

it gives the vertical lines at the start of the markets..

Udine
Sleep less, live fast, as it aint gonna last
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Quoting Udine
to whom it may concern.. please chill guys as this is not going anywhere... respect for all.. Udine
I was hoping that you were going to intervene.

There is a fine line between constructive criticism and negative insinuations.

Let's be professional girls and guys because we all strive to be successful so please offer help in a positive manner.

Masterrmind.........
Master your Mind then Master your Trades
[Quote = Masterrmind; 7584746] {quote} Yo esperaba que usted iba a intervenir. Hay una delgada línea entre la crítica constructiva y las insinuaciones negativas. Seamos chicas profesionales y chicos, porque todos nos esforzamos para tener éxito por lo que por favor, ofrecer su ayuda de una manera positiva. Masterrmind ......... [/ quote]

Quoting Juan007
Udine i think this info could help ... Psychological Levels http://www.forexfactory.com/showthre...&reply=1#reply indicators and templates http://newdigital-world.com/trading-...al-levels.html
Funny, it's a copy & paste of Udine's system, even using the same indis !
Reading the new digital world forum post #6 dated 1 July 2014, is like reading post #1 of this forum...
Plagiarism.
the indicator give us the option to see al pairs on green or red D1 and H1

so we only need check the indicator and go only to a green pair
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Attached File(s)
File Type: ex4 PsyLevels_Dashboard_v1.ex4   16 KB | 513 downloads
Quoting flx69
{quote} Funny, it's a copy & paste of Udine's system, even using the same indis ! Reading the new digital world forum post #6 dated 1 July 2014, is like reading post #1 of this forum... Plagiarism.
Appears to me to be dated Jan 7 2014, but like Udine said he invented nothing. Just put together several techniques..
Quoting flx69
{quote} Funny, it's a copy & paste of Udine's system, even using the same indis ! Reading the new digital world forum post #6 dated 1 July 2014, is like reading post #1 of this forum... Plagiarism.

Not Plagiarism flx …. trading levels has been around for decades, and all variants are based around 00’s and trend confirmation, Udine acknowledged the fact from day one, he has done a wonderful job quantifying a system based on a well worn methodology, but it is a common one.
The power of this variation of it is …..…………... Udine himself ……. his teaching method and an almost selfless attitude has empowered and built confidence is most that come across this thread, confidence in a system is one of the hardest things to cultivate, once you have it, you are on the road to success,
That is why Udine’s method resinates ……. That is why it is success ………... and in my view, he can rightly take ownership of it ………..
Quoting jamesph61
{quote} Not Plagiarism flx …. trading levels has been around for decades, and all variants are based around 00’s and trend confirmation, Udine acknowledged the fact from day one, he has done a wonderful job quantifying a system based on a well worn methodology, but it is a common one. The power of this variation of it is …..…………... Udine himself ……. his teaching method and an almost selfless attitude has empowered and built confidence is most that come across this thread, confidence in a system is one of the hardest things to cultivate, once you...
Very good post..
Quoting whoareyou
{quote} Very good post..
cheers …. ​
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