As simple as possible: 00 level trading | Page 509 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

As simple as possible: RENKO M5 trading 75 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Simple Level Trading 1 reply

Trading: As simple as possible, but no simpler - by a real Cityboy 92 replies

Attachments: As simple as possible: 00 level trading
Exit Attachments

As simple as possible: 00 level trading

  • #10,161
  • Jul 14, 2014 4:18am Jul 14, 2014 4:18am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Carpathian
{quote} {image} Not the best one to have taken... As Udine said, try to find out why you should not take one. Previous H1 green candle closed low, maybe at 50%. Still valid, however at the time of taking the trade, upward momentum has decreased. Not a lost one yet though.
Any reason why you are trading USD/JPY? It is generally a low ADR pair.
An expert is a man who has made all the mistakes which can be made
  • #10,162
  • Jul 14, 2014 4:22am Jul 14, 2014 4:22am
Quoting Carpathian
{quote} {image} Not the best one to have taken... As Udine said, try to find out why you should not take one. Previous H1 green candle closed low, maybe at 50%. Still valid, however at the time of taking the trade, upward momentum has decreased. Not a lost one yet though.

Why you look at the UJ???

It has an ADR of only 33.....

Udine
Sleep less, live fast, as it aint gonna last
  • #10,163
  • Jul 14, 2014 4:23am Jul 14, 2014 4:23am
Dear All,

I'm following this threat since last week and I can see that Udine's method is just amazing and so far looks profitable if we follow the rules.
I would like the join the team and start trading this strategy (in demo for the moment) and share with you my experience and errors in order to master it and go further in the future by trading it for real.

Special thanks to Udine for sharing with us his idea (Strategy) and his golden rules of forex trading (PDF & BCC) and to the team for this incredible learning experience.

Cheers & Let Stay Green;
BilboFX
  • #10,164
  • Jul 14, 2014 4:31am Jul 14, 2014 4:31am
No EJ trades long beacuse ADR Red.
  • #10,165
  • Jul 14, 2014 4:32am Jul 14, 2014 4:32am
Quoting BilboFX
Dear All, I'm following this threat since last week and I can see that Udine's method is just amazing and so far looks profitable if we follow the rules. I would like the join the team and start trading this strategy (in demo for the moment) and share with you my experience and errors in order to master it and go further in the future by trading it for real. Special thanks to Udine for sharing with us his idea (Strategy) and his golden rules of forex trading (PDF & BCC) and to the team for this incredible learning experience. Cheers & Let Stay Green;...

Buenas dias...

welcome and enjoy the ride..

Udine
Sleep less, live fast, as it aint gonna last
  • #10,166
  • Jul 14, 2014 4:39am Jul 14, 2014 4:39am
Quoting Neio
{quote} Any reason why you are trading USD/JPY? It is generally a low ADR pair.
Quoting Udine
Why you look at the UJ???It has an ADR of only 33.....
I look at ADR(50) which for UJ is 42, and today the pair only moved 21 pips in total that is 50% so there's room.

I also tend to look at this from a spread+comission vs. ADR perspective. My indicator for this shows that the UJ ADR(50)/avg(spread) is 95 while the same for GJ is 95, EJ 105, which are nearly the same or some higher, however the latter two /JPY pairs 'fancy' higher comissions (which is not integrated into this ratio yet). These all qualify the UJ as a tradable pair as well, which doesn't make me opt against EJ or GJ when looking good. Depends on the setup I see on the charts.

On the other hand I understand that due to the multiplicator factor the EJ, GJ have better momentum, so it takes less time for them to traverse the 5 pips we are hunting once they get going, making the trades kinda safer and faster, however there cost for me is approx. double. So it is still experimenting on my side.. UJ definitely slower I've to admit.. making an open position exposed to unexpected happenings for longer.. yeah, lots of contemplation again

Áron
  • #10,167
  • Jul 14, 2014 4:50am Jul 14, 2014 4:50am
something happend with mr wukar trailing...perhaps i lost connection at crucial time (working from hotel room at the moment)
GJ and GU TPs were not triggered (even though price was well past the TP point)
also S/L was set at 15 pips and not 10
not sure if i should consider these as losses for my journal or not

Edit: Must be the HTP and HSL did not work?
  • #10,168
  • Jul 14, 2014 4:53am Jul 14, 2014 4:53am
Quoting flash4
something happend with mr wukar trailing...perhaps i lost connection at crucial time (working from hotel room at the moment) GJ and GU TPs were not triggered (even though price was well past the TP point) also S/L was set at 15 pips and not 10 not sure if i should consider these as losses for my journal or not Edit: Must be the HTP and HSL did not work?

You must be connected for Wukar to work...

Udine
Sleep less, live fast, as it aint gonna last
  • #10,169
  • Jul 14, 2014 4:57am Jul 14, 2014 4:57am
Quoting flash4
something happend with mr wukar trailing...perhaps i lost connection at crucial time (working from hotel room at the moment) GJ and GU TPs were not triggered (even though price was well past the TP point) also S/L was set at 15 pips and not 10 not sure if i should consider these as losses for my journal or not Edit: Must be the HTP and HSL did not work?

ur also using eric's modified wukar trail which has an emergency SL of 15 pips incase of a connection loss
  • #10,170
  • Jul 14, 2014 4:59am Jul 14, 2014 4:59am
GBPJPY +5

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
  • #10,171
  • Jul 14, 2014 5:00am Jul 14, 2014 5:00am
GA sell @ 1.82200 -> TP
  • #10,172
  • Jul 14, 2014 5:02am Jul 14, 2014 5:02am
Please help take a look please. Am i going in a wrong entry? Need to learn and get better entry. Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB
  • #10,173
  • Jul 14, 2014 5:07am Jul 14, 2014 5:07am
Quoting Jerkmiew
Please help take a look please. Am i going in a wrong entry? Need to learn and get better entry. Thank you. {image}
Rule #2?
  • #10,174
  • Jul 14, 2014 5:09am Jul 14, 2014 5:09am
Quoting Jerkmiew
Please help take a look please. Am i going in a wrong entry? Need to learn and get better entry. Thank you. {image}
Rule #2; my first candle of the hour opened at 173.68 so that's the only entry for this hour (173.700). Not sure if your price opened under .700 level, but if it has that off-course would've been the entry point for the hour. Hope I make sense??
  • #10,175
  • Jul 14, 2014 5:14am Jul 14, 2014 5:14am
Quoting nitecop
{quote} ur also using eric's modified wukar trail which has an emergency SL of 15 pips incase of a connection loss
thanks!
and thanks udine !
  • #10,176
  • Jul 14, 2014 5:22am Jul 14, 2014 5:22am
Does anyone know of an indicator that will produce a table of pairs with their associated ADR and ATR values?
  • #10,177
  • Jul 14, 2014 5:26am Jul 14, 2014 5:26am
Quoting sj9bp20
Does anyone know of an indicator that will produce a table of pairs with their associated ADR and ATR values?
Check the paperclip icon of this thread please and then in the file attachments list you may find it -- I saw several people in this thread using it.
  • #10,178
  • Jul 14, 2014 5:28am Jul 14, 2014 5:28am
Quoting sj9bp20
Does anyone know of an indicator that will produce a table of pairs with their associated ADR and ATR values?
Look for PsyLevels_Dashboard_v1 or ADR_ ATR_20_Pairs_v3_Sal.ex4

Attached File(s)
File Type: ex4 ADR_ ATR_20_Pairs_v3_Sal.ex4   9 KB | 620 downloads
Attached File(s)
File Type: ex4 PsyLevels_Dashboard_v1.ex4   16 KB | 522 downloads


easier just to attach
  • #10,179
  • Jul 14, 2014 5:30am Jul 14, 2014 5:30am
I am EJ LONG @138.300.
  • #10,180
  • Jul 14, 2014 5:36am Jul 14, 2014 5:36am
Quoting Carpathian
I am EJ LONG @138.300.
I think you forgot to check the ADR on the EJ...
10 traders viewing now