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As simple as possible: 00 level trading

  • #8,661
  • Jul 8, 2014 11:30pm Jul 8, 2014 11:30pm
First of the day! EJ [email protected]

Only with half lot size as I don't feel too much confident with Frankfurt Open.. I consider this as a bonus trade
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"Every battle is won before it's fought."
  • #8,662
  • Jul 8, 2014 11:32pm Jul 8, 2014 11:32pm
Quoting Lrt.Ita
First of the day! EJ [email protected] Only with half lot size as I don't feel too much confident with Frankfurt Open.. I consider this as a bonus trade {image}

good, better safe than sorry

adjust your trading to how you feel is wise

Udine
Sleep less, live fast, as it aint gonna last
  • #8,663
  • Jul 8, 2014 11:32pm Jul 8, 2014 11:32pm
1st trade of the day and using this system. EJ and GU TP.
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Pivot Boss in the making~
  • #8,664
  • Jul 8, 2014 11:33pm Jul 8, 2014 11:33pm
GU out by TS

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Masterrmind.......
Master your Mind then Master your Trades
  • #8,665
  • Jul 8, 2014 11:33pm Jul 8, 2014 11:33pm
Regarding to yesterdays football match.. As I saw this video I laught 10 minutes. AHAH

https://www.facebook.com/photo.php?v=4303345880003

Lrt
"Every battle is won before it's fought."
  • #8,666
  • Jul 8, 2014 11:35pm Jul 8, 2014 11:35pm
(on demo) GU loss in Asia, EU win after 6 hours !, missed the EJ at FF open, don't usually play that.
  • #8,667
  • Jul 8, 2014 11:36pm Jul 8, 2014 11:36pm
Quoting heispark
GU - TP. {image} By the way, anyone use Pepperstone? I am using WUKAR_WB_Trail_v1_7 EA and UdineGlobalInstantBUYStop (the latest version) script and they are not very reliable in my MT4. Sometimes they work and sometimes don't. Especially, my pending order get removed very quickly even though I set it default 2 hours.
I don't have any experience with them but I remember hearing a lot of negative. Maybe not the best choice?
  • #8,668
  • Jul 8, 2014 11:36pm Jul 8, 2014 11:36pm
Quoting jurn_e
1st trade of the day and using this system. EJ and GU TP. {image}

Welcome and well done Jurn

Udine
Sleep less, live fast, as it aint gonna last
  • #8,669
  • Jul 8, 2014 11:37pm Jul 8, 2014 11:37pm
Quoting panamamike
{quote} Burpees for you......not 40 50 or 60 level ( frankly rule)
Incorrect assessment on your part I'm afraid!

Look closely at the trade it was clearly opened inside the Asian session and therefore the 400, 500 and 600 levels do not apply!

Burpees for you please for incorrect analysis!

Masterrmind............
Master your Mind then Master your Trades
  • #8,670
  • Jul 8, 2014 11:38pm Jul 8, 2014 11:38pm
Quoting Lrt.Ita
Regarding to yesterdays football match.. As I saw this video I laught 10 minutes. AHAH https://www.facebook.com/photo.php?v=4303345880003 Lrt
very funny, but i feel sorry for the Brazilians..

Udine
Sleep less, live fast, as it aint gonna last
  • #8,671
  • Jul 8, 2014 11:38pm Jul 8, 2014 11:38pm
Got the EJ, but kicking myself about GU, no reason why I didn't take that, just got a little distracted. A Mistake is a mistake and that was one freakin hate burpees too!
  • #8,672
  • Jul 8, 2014 11:40pm Jul 8, 2014 11:40pm
Quoting ericjschroed
(on demo) GU loss in Asia, EU win after 6 hours !, missed the EJ at FF open, don't usually play that.
Fwiw....GU and EU are far from ideal pairs for Asia....you may want to try to experiment with pairs that have markets open.....EA, GA, EZ , in addition EJ and GJ. Just my .02
  • #8,673
  • Jul 8, 2014 11:40pm Jul 8, 2014 11:40pm
Quoting ericjschroed
(on demo) GU loss in Asia, EU win after 6 hours !, missed the EJ at FF open, don't usually play that.

Eric,

I believe its better to play the JPY and AUD pairs during Asia... the EU and GU are normally not he biggest movers

Udine
Sleep less, live fast, as it aint gonna last
  • #8,674
  • Jul 8, 2014 11:42pm Jul 8, 2014 11:42pm
Quoting Masterrmind
{quote} Incorrect assessment on your part I'm afraid! Look closely at the trade it was clearly opened inside the Asian session and therefore the 400, 500 and 600 levels do not apply! Burpees for you please for incorrect analysis! Masterrmind............
DONE! My apologies. I only saw the pair, I admittedly did not look at the entry point in time.
  • #8,675
  • Jul 8, 2014 11:43pm Jul 8, 2014 11:43pm
Quoting Callum
Got the EJ, but kicking myself about GU, no reason why I didn't take that, just got a little distracted. A Mistake is a mistake and that was one freakin hate burpees too!

this one is not only for you
Attached Image
Sleep less, live fast, as it aint gonna last
  • #8,676
  • Jul 8, 2014 11:45pm Jul 8, 2014 11:45pm
Quoting panamamike
{quote} DONE! My apologies. I only saw the pair, I admittedly did not look at the entry point in time.
All good my friend!

Masterrmind..........
Master your Mind then Master your Trades
  • #8,677
  • Jul 8, 2014 11:46pm Jul 8, 2014 11:46pm
Udine,

Thanks again for sharing a simple straight forward method that requires little screen time and has thus far produced well. It has been a nice boost to my trading in addition to my other systems. Up 7% on this systems trades this week thus far.
  • #8,678
  • Jul 8, 2014 11:48pm Jul 8, 2014 11:48pm
I was checking all the trades I made those 2 weeks.. Well it is incredible how many times the price starts trending faster as it triggers the 00 levels, and even more amazing how many times it STOPS trending (and sometimes even reverses) at the take profits..
Is there any known reason that makes crosses act like that?
Do institutional traders usually operate around those levels?

Lrt
"Every battle is won before it's fought."
  • #8,679
  • Jul 8, 2014 11:49pm Jul 8, 2014 11:49pm
Quoting panamamike
{quote} Fwiw....GU and EU are far from ideal pairs for Asia....you may want to try to experiment with pairs that have markets open.....EA, GA, EZ , in addition EJ and GJ. Just my .02
Quoting Udine
{quote} Eric, I believe its better to play the JPY and AUD pairs during Asia... the EU and GU are normally not he biggest movers Udine
Yes, thank you, that's the reason I took this on demo, just to see. I only trade Live at LO right now, and if I'm not sure, back to demo!
Unfortunately, my NZD pairs have a higher spread so not the best at Asia.
  • #8,680
  • Jul 8, 2014 11:50pm Jul 8, 2014 11:50pm
EJ Long at Frankfurt TP .4 +5.5 but miscalculated my commission adjustment so 0.4 pips short of 1% (was working out while the trade was in action so does that count for my burpees?!)

My plan is to adjust both my TP and SL to account for commission so it's +1% or -2% if either is hit (i.e. so 5.9 TP and 9.1 SL). Am I overthinking it? Yes, I know this has been mentioned several times as I really have read every last post in the thread and the first 50 pages 3 times but there has never been a clear consensus of whether to adjust for commission or not.

Thanks Udine for all of your hard work on the thread. Your mild impatience yesterday was nothing compared to what I and I expect most of us would have had by now.
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