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As simple as possible: 00 level trading

  • #8,681
  • Jul 9, 2014 1:51am Jul 9, 2014 1:51am
Quoting panamamike
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.

I'm glad it works for you as well

Udine
Sleep less, live fast, as it aint gonna last
  • #8,682
  • Jul 9, 2014 1:51am Jul 9, 2014 1:51am
Quoting heispark
GU - TP. I only use this system right after Frank or London open, and it's as easy as a slot machine.. {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.
Hi mate,

Do some backtesting over the past 2 months and you will see its not that easy and the results are not as amazing as you might think ...

Take care
Dan
  • #8,683
  • Jul 9, 2014 1:53am Jul 9, 2014 1:53am
Quoting Lrt.Ita
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

I have been teaching the institutional traders the same system during the month of March... they have been great pupils

Udine
Sleep less, live fast, as it aint gonna last
  • #8,684
  • Jul 9, 2014 1:55am Jul 9, 2014 1:55am
EURJPY TP +6 OK my 2 done for the day.
Attached Image
Lets WUKAR FIFO!! - Udine
  • #8,685
  • Jul 9, 2014 1:56am Jul 9, 2014 1:56am
Quoting dan89
{quote} Hi mate, Do some backtesting over the past 2 months and you will see its not that easy and the results are not as amazing as you might think ... Take care Dan
Thank you for the caution. This is my 'hobby' system and I have another main one. I risk only 1% in this trading. Anyway, time will tell. Hat off to Udine.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #8,686
  • Jul 9, 2014 2:01am Jul 9, 2014 2:01am
Quoting Udine
{quote} I have been teaching the institutional traders the same system during the month of March... they have been great pupils Udine

LOL. Well, it would be nice if someone could explain the reason of that..
Is it maybe because the 00 trading is an old profitable strategy and a lot of traders use it?

Sometimes as I look at those movings on the charts I feel like in front of some kind of wizardry

Lrt
"Every battle is won before it's fought."
  • #8,687
  • Jul 9, 2014 2:07am Jul 9, 2014 2:07am
anyone long EJ at 138.400?
Never say no to PIPS
  • #8,688
  • Jul 9, 2014 2:07am Jul 9, 2014 2:07am
Quoting lazyegg
anyone long EJ at 138.400?
Me,too. just came back from the gym.
My hope has been almost completely shattered, but not completely yet
  • #8,689
  • Jul 9, 2014 2:07am Jul 9, 2014 2:07am
Quoting lazyegg
anyone long EJ at 138.400?

does it comply with the rules ??

Udine
Sleep less, live fast, as it aint gonna last
  • #8,690
  • Jul 9, 2014 2:08am Jul 9, 2014 2:08am
Wow, all pairs in sync and after a retracement, I see no more trending here, will stay out by now..
Did any of you placed orders?

Lrt
"Every battle is won before it's fought."
  • #8,691
  • Jul 9, 2014 2:08am Jul 9, 2014 2:08am
Quoting Udine
{quote} does it comply with the rules ?? Udine
Yes and I'm in (at .4 again!)
  • #8,692
  • Jul 9, 2014 2:09am Jul 9, 2014 2:09am
Pending LONG GJ @ 174.100
  • #8,693
  • Jul 9, 2014 2:09am Jul 9, 2014 2:09am
Quoting Udine
{quote} does it comply with the rules ?? Udine

Hmm. I should wait for 138.500?
Never say no to PIPS
  • #8,694
  • Jul 9, 2014 2:13am Jul 9, 2014 2:13am
Depend on the London open, order in 174.10 is valid or 174.20?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 70 KB
  • #8,695
  • Jul 9, 2014 2:14am Jul 9, 2014 2:14am
morning,
long EJ and GJ
look both promising
  • #8,696
  • Jul 9, 2014 2:14am Jul 9, 2014 2:14am
EJ long BE SL hit
  • #8,697
  • Jul 9, 2014 2:14am Jul 9, 2014 2:14am
Quoting lazyegg
{quote} Hmm. I should wait for 138.500?
Why is 400 not valid entry? what am i missing here???
  • #8,698
  • Jul 9, 2014 2:14am Jul 9, 2014 2:14am
missed it for a little delay and it was already above. i'm long gj .100... struggling
Porta itineris dicitur longissima esse
  • #8,699
  • Jul 9, 2014 2:16am Jul 9, 2014 2:16am
Come on traders get a grip on the rules as soon as possible please .........

You should be at the stage (as soon as you can) whereby you do not hesitate to answer that question because you know the answer!

Masterrmind.........
Master your Mind then Master your Trades
  • #8,700
  • Jul 9, 2014 2:18am Jul 9, 2014 2:18am
Quoting KennyForex
{quote} Why is 400 not valid entry? what am i missing here???
When the London Open the price already over 138.400, so we should look for next 000, which is 138.500..........I guess
Never say no to PIPS
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