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As simple as possible: 00 level trading

  • #7,881
  • Jul 7, 2014 12:07am Jul 7, 2014 12:07am
Quoting navk
{quote} How many days you have been trading this system? How many wins in these days?
Are you referring directly to Udine's Method or with modifications?

Masterrmind.............
Master your Mind then Master your Trades
  • #7,882
  • Jul 7, 2014 12:10am Jul 7, 2014 12:10am
Quoting MrTD
Hi Guys, Due to the number of PM's requesting customised settings for the OpenstopOrder scripts and that although I preferred we stuck to the rules Udine has laid out here for us, there were some legitimate cases where custom settings are required. For instance where trading accounts don't allow micro lots, the percentage based lot size won't work. So I have made new versions that will allow you to choose your own settings. Before you use the scripts, you need to run the Setglobals script to set your preferences... These are global to your mt4 platform...
Thanks MrTD for updates.
  • #7,883
  • Edited 1:06am Jul 7, 2014 12:56am | Edited 1:06am
pending frankfurt open

ej sellstop 138.600
gu sellstop 1.71400


psy level

gj 175.000
Attached Image (click to enlarge)
Click to Enlarge Name: psy 2.png Size: 73 KB
  • #7,884
  • Jul 7, 2014 1:05am Jul 7, 2014 1:05am
Quoting Juan007
pending frankfurt open ej sellstop 138.600 gu sellstop 1.71400
Yes have both those pairs in pending mode.......

(Took a lovely short on XAGUSD just before)

Masterrmind...........
Master your Mind then Master your Trades
  • #7,885
  • Jul 7, 2014 1:11am Jul 7, 2014 1:11am
Morning.. awaiting for londi to pop before whipping out the beast, or the other way around, lol..

Make green keep green for everyone this week.
Passion, Persist, Patience, Protect
  • #7,886
  • Jul 7, 2014 1:14am Jul 7, 2014 1:14am
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...
+1
  • #7,887
  • Jul 7, 2014 1:16am Jul 7, 2014 1:16am
Quoting Juan007
pending frankfurt open ej sellstop 138.600 gu sellstop 1.71400 psy level gj 175.000 {image}
Recently I have not been trading 000 levels due to additional uncertainty and have avoided some trades that would have been losses however there were also trades that went for winners.

I like to make a judgement call...........not taking GJ short at this time until I see how PA reacts.

Masterrmind........
Master your Mind then Master your Trades
  • #7,888
  • Jul 7, 2014 1:18am Jul 7, 2014 1:18am
EJ +5
Intraday only.
  • #7,889
  • Jul 7, 2014 1:19am Jul 7, 2014 1:19am
Quoting Masterrmind
{quote} Recently I have not been trading 000 levels due to additional uncertainty and have avoided some trades that would have been losses however there were also trades that went for winners. I like to make a judgement call...........not taking GJ short at this time until I see how PA reacts. Masterrmind........
I just finished some manual backtesting here and I have 3 wins and 4 losses at 000 levels so I will stop taking them for now.
  • #7,890
  • Jul 7, 2014 1:21am Jul 7, 2014 1:21am
GU SELL STOP 1.7140
Intraday only.
  • #7,891
  • Jul 7, 2014 1:23am Jul 7, 2014 1:23am
Quoting navk
EJ +5

i invete you check the rules

franckfurt time only 400,500,600
  • #7,892
  • Jul 7, 2014 1:26am Jul 7, 2014 1:26am
Quoting Juan007
{quote} i invete you check the rules franckfurt time only 400,500,600
I agree.

But I took short 138.70.

Below 138.60. there seems to be support... so I avoided.
Intraday only.
  • #7,893
  • Jul 7, 2014 1:26am Jul 7, 2014 1:26am
Quoting FXEmpire
Morning.. awaiting for londi to pop before whipping out the beast, or the other way around, lol.. Make green keep green for everyone this week.
Good luck for the whole week ..... let's hope it's very profitable!

I didn't really trade the Asian session this morning (my time GMT +10) busy doing other things (just 1 trade on Silver to TP.... ).

Monday's need to be traded with care.......

Good luck!

Masterrmind...........
Master your Mind then Master your Trades
  • #7,894
  • Jul 7, 2014 1:29am Jul 7, 2014 1:29am
Quoting ericjschroed
{quote} I just finished some manual backtesting here and I have 3 wins and 4 losses at 000 levels so I will stop taking them for now.
Yes Eric I found a similar pattern as well and for now just putting it on hold.

This is not an invitation for every trader to follow suit since each trade really needs to be assessed on it's own merits and probability of going to TP.

Masterrmind...........
Master your Mind then Master your Trades
  • #7,895
  • Jul 7, 2014 1:33am Jul 7, 2014 1:33am
WD on xag , MM
Whats That? you're trading What?
  • #7,896
  • Jul 7, 2014 1:35am Jul 7, 2014 1:35am
Hi you all!

I am a beginning trader in The Netherlands. Anyone knows a trader (if possible a Dutch one) where I can place orders with only 5 pips. I want to use Udin's great strategy but hard to find a trader where this is possible because most of them require at least 6-7 pips.

Udine, is it also good to trade the EJ at f.i. 138.60 or really wait for the .00?

Thank you all and wish you a sunny trading day!
  • #7,897
  • Jul 7, 2014 1:40am Jul 7, 2014 1:40am
Quoting Qed
WD on xag , MM
Thank you there were a few good trades on gold too but I didn't trade them.

I stayed up and watched the Wimbledon final last night so I wasn't about to rise too early....needed to sleep in I guess to recover!

Masterrmind............
Master your Mind then Master your Trades
  • #7,898
  • Jul 7, 2014 1:42am Jul 7, 2014 1:42am
#2 Trade, this time on GBPAUD. Relaxed na looking forward to the LO and some bonus.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.07.07_14h36m33s_006_.png Size: 64 KB


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #7,899
  • Jul 7, 2014 1:45am Jul 7, 2014 1:45am
Quoting JibalaPasan
#2 Trade, this time on GBPAUD. Relaxed na looking forward to the LO and some bonus. {image} Jibala
Well done ...

go get them GIRL !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #7,900
  • Jul 7, 2014 1:50am Jul 7, 2014 1:50am
Quoting Udine
{quote} Well done ... go get them GIRL !!! Udine
Mornin all,

Hey Udine, if GJ stays above 175.100 (so no trade short) will you trade another pair on London open other than EJ or will you wait for the next hour?
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