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As simple as possible: 00 level trading

  • #7,861
  • Jul 6, 2014 7:16pm Jul 6, 2014 7:16pm
Quoting gustcoelho
hey Smooth, If I'm right you've been filled in GBPUSD. Am I right?

I am short the GBP/USD @ 1.7150
I'm also in and out in both GBP/AUD @ TS for 1 pip and EUR/NZD for 5 pips

GREEN pips to all.
Attached File(s)
File Type: pdf GBPAUDi,M15 7pm 7-7-14.pdf   42 KB | 654 downloads
File Type: pdf EURNZDi,M15 7 pm 7-7-14.pdf   41 KB | 478 downloads
  • #7,862
  • Jul 6, 2014 7:23pm Jul 6, 2014 7:23pm
Quoting Callum
{quote} In my opinion you don't want much more than 1 pip spread. You need to look for a broker with ECN accounts and then do some research on spreads on the pairs you want to trade. You will pay commission for having a tight spread but its worth it, can be the difference between make or break
tkz man I'll work on this...
  • #7,863
  • Jul 6, 2014 7:24pm Jul 6, 2014 7:24pm
Quoting gustcoelho
hey Smooth, If I'm right you've been filled in GBPUSD. Am I right? OOOOR you didn't take the trade because the first 00 level was taken at 1.71600 in the 2nd hour of Sidney session? so this break at 1.71500 should not been taken.. ?
Check your PM for a message from me.
  • #7,864
  • Jul 6, 2014 7:30pm Jul 6, 2014 7:30pm
Hi everyone,

EURAUD + 5.7 pips

Attached Image (click to enlarge)
Click to Enlarge Name: H1EURAUD17881274Close.jpg Size: 190 KB
  • #7,865
  • Jul 6, 2014 7:41pm Jul 6, 2014 7:41pm
Done. [Yes, skipped the first levels to get farther away from the open].
Attached Images
Small disciplines repeated with consistency lead to great achievements.
  • #7,866
  • Jul 6, 2014 7:45pm Jul 6, 2014 7:45pm
Quoting Juan007
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 {file} {image}
Very interesting
  • #7,867
  • Jul 6, 2014 7:49pm Jul 6, 2014 7:49pm
Gud morning everybody! Great start for the day / week with NZDUSD!

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.07.07_08h37m49s_004_.png Size: 59 KB


Gud luck to all!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #7,868
  • Jul 6, 2014 7:54pm Jul 6, 2014 7:54pm
Quoting TooSlow
{quote} Yes, that is exactly what I thought when I first saw Udine post "his" system, that it was a copy/paste of someone else's!!
And then you went on to copy and paste again!
Small disciplines repeated with consistency lead to great achievements.
  • #7,869
  • Jul 6, 2014 8:02pm Jul 6, 2014 8:02pm
I appreciate Udine and other contributors for sharing this system. It's awesome!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #7,870
  • Jul 6, 2014 8:06pm Jul 6, 2014 8:06pm
gbp/usd + 5
nzd/usd + 7.5

good start for the week
  • #7,871
  • Jul 6, 2014 8:09pm Jul 6, 2014 8:09pm
Quoting SmoothTrader
{quote} Check your PM for a message from me.
hey smooth, tkz man. really appreciate your kindly reply.

green pips
  • #7,872
  • Jul 6, 2014 9:12pm Jul 6, 2014 9:12pm
Quoting SmoothTrader
{quote} I follow 7 pairs: eur/nzd, gbp/jpy, gbp/aud, eur/aud, gbp/chf, gbp/usd, eur/jpy. I don't trade them all in each session. I tend to place my stop orders in all that qualify as 'GOOD' trade candidates, ie not too close to the hourly close or daily open. Then I let the markets choose. The first 3 that are filled win and I cancel the remaining orders. So far it has worked for me. Many times I'm done for the day within the first hour of trading. Then if I want to go for bonuses, I reduce my size by a factor of 10 and continue. GREEN pips to all....
I apply a similar strategy in terms of allowing the market to get me into positions that follow the rules.

However, I do not take on 3 open positions at the 1 time like you do.

Udine states only maximum of 2 orders at the 1 time!

So I auto delete any additional pending orders once 2 positions are filled and running.

I strongly suggest you reconsider your risk factor as your risk based on 3 open orders (filled) is 2% * 3 =6% of equity
My maximum risk per 2 filled orders is never greater than 2% * 2 = 4%.

Of course if you are scaling down the risk per each trade to say 1% each then your risk is 3% total.

In the end you decide what risk you are willing to take.

ps. reducing your position size for later bonus trades is a good practice in my opinion!

Good trading

Masterrmind..............
Master your Mind then Master your Trades
  • #7,873
  • Jul 6, 2014 9:19pm Jul 6, 2014 9:19pm
Quoting Juan007
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 {file} {image}
Thanks for the contribution Juan007!

There might be a number of traders that find this tool useful.

Masterrmind........
Master your Mind then Master your Trades
  • #7,874
  • Jul 6, 2014 9:35pm Jul 6, 2014 9:35pm
Quoting Masterrmind
{quote} Thanks for the contribution Juan007! There might be a number of traders that find this tool useful. Masterrmind........
How many days you have been trading this system?

How many wins in these days?
Intraday only.
  • #7,875
  • Jul 6, 2014 9:36pm Jul 6, 2014 9:36pm
I started last Friday and 4 wins, then stopped.

+20 pips since trading this system.
Intraday only.
  • #7,876
  • Jul 6, 2014 10:17pm Jul 6, 2014 10:17pm
Hello all,

I downloaded EA but dont open any position. its normal?
Let us be green
  • #7,877
  • Jul 6, 2014 10:45pm Jul 6, 2014 10:45pm
Quoting leafarct
Hello all, I downloaded EA but dont open any position. its normal?
Udin prefers manual trading with the system he has put in here.
Intraday only.
  • #7,878
  • Jul 6, 2014 11:10pm Jul 6, 2014 11:10pm
Quoting leafarct
Hello all, I downloaded EA but dont open any position. its normal?
You have to open the trades manually. All the EAs do (WUKAR and Wheelbarrel) are quietly close them for you at the right time.
  • #7,879
  • Jul 6, 2014 11:14pm Jul 6, 2014 11:14pm
Quoting dan89
{quote} Hi Udine. Im from the j16 thread and was just wondering where you found the above post. I have not seen it posted anywhere in that thead. Maybe I missed it. Also, In your rules you mention d1 and h1 candles must be the same colour. Do you mean the candles must close that colour ? Take care Dan

dont remember the post exactly, I copied it once I read it..

nope only the color in the moment, so now... not yesterday or 1 hour ago

Udine
Sleep less, live fast, as it aint gonna last
  • #7,880
  • Jul 6, 2014 11:14pm Jul 6, 2014 11:14pm
Quoting ericjschroed
Another question re: Rule 2... If the first 00 level this hour is Short at .100 (rule 5), do we NOT sell the .000 in the same hour? thanks.

correct

Udine
Sleep less, live fast, as it aint gonna last
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