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As simple as possible: 00 level trading

  • #10,541
  • Jul 15, 2014 5:13am Jul 15, 2014 5:13am
Dear Udine,

According to rule 19. your trading pairs was only EJ & GJ, but in the new posts looks like you are trading more pairs, 4 in total, EJ, GJ, EU, GU.
I'm right? should we change the rule 19 or you are still in an experiment stage?

thanks;
BilboFX
  • #10,542
  • Jul 15, 2014 5:13am Jul 15, 2014 5:13am
I am short on ej 100lv..
i know it's against the rule.. but but.. it's off the pullback with a clear trend.. and i am finger ready to push out if it messes around too much..
Passion, Persist, Patience, Protect
  • #10,543
  • Jul 15, 2014 5:17am Jul 15, 2014 5:17am
Quoting overseaz
{quote} Hi FXEmpire, If you show me the exact zone you are talking about I can analyze it. If Udine will not like S\D discussions in the thread(since he doesn't use it) I can send you a PM with my opinion if you like. Alec

I don't believe in, nor like the sup/dem thing or analysis..
with no offense Alec, but appreciate the offer.
Passion, Persist, Patience, Protect
  • #10,544
  • Jul 15, 2014 5:17am Jul 15, 2014 5:17am
Quoting Udine
{quote} Udine
Todays one.
Attached Image (click to enlarge)
Click to Enlarge Name: News Impact 15 07.jpg Size: 73 KB
"Every battle is won before it's fought."
  • #10,545
  • Jul 15, 2014 5:19am Jul 15, 2014 5:19am
Quoting artem_t
{quote} You shouldn't have to open that trade because of the red news for EUR at 9 GMT (German ZEW Economic Sentiment), should you?
Admitted in post 10,541
Look for reasons not to take a trade.
  • #10,546
  • Jul 15, 2014 5:19am Jul 15, 2014 5:19am
Quoting Udine
{quote} not a bad idea... would be nice to have an indi that would block out those periods.. 1 hour before and 30 minutes after.... hmm... need to think about that.. Udine
Hi Udine... ummm... been wondering if I should post my indicator which does exactly that.. and much more.
It is an all in one indicator, including alerts when trades are valid... but was a little worried people would take every signal
regardless of what the market was doing...
Unfortunately I took the "no trading on red news" literally and didn't include press conferences... however today's market reaction shows these are just
as dangerous, so will update to include them...

Until that time here is a screenshot of the indicator as it is now

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 41 KB


The indicator does not put arrows on the chart retrospectively, only live.
The two 00 lines are moved with the price.
Only one other indicator is used and that is a custom one for the news.

Let me know if you are happy for this to be posted or not.

All the best,
MrTD
  • #10,547
  • Jul 15, 2014 5:20am Jul 15, 2014 5:20am
Quoting Lrt.Ita
{quote} Todays one. {image}


Now that is good looking.. makes me wonder why I even opened the platform today..

Udine
Sleep less, live fast, as it aint gonna last
  • #10,548
  • Jul 15, 2014 5:22am Jul 15, 2014 5:22am
Quoting MrTD
{quote} Hi Udine... ummm... been wondering if I should post my indicator which does exactly that.. and much more. It is an all in one indicator, including alerts when trades are valid... but was a little worried people would take every signal regardless of what the market was doing... Unfortunately I took the "no trading on red news" literally and didn't include press conferences... however today's market reaction shows these are just as dangerous, so will update to include them... Until that time here is a screenshot of the indicator as it is now...

let me think about it a little more and I will send you a PM

Cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #10,549
  • Jul 15, 2014 5:24am Jul 15, 2014 5:24am
Quoting MrTD
{quote} Hi Udine... ummm... been wondering if I should post my indicator which does exactly that.. and much more. It is an all in one indicator, including alerts when trades are valid... but was a little worried people would take every signal regardless of what the market was doing... Unfortunately I took the "no trading on red news" literally and didn't include press conferences... however today's market reaction shows these are just as dangerous, so will update to include them... Until that time here is a screenshot of the indicator as it is now...
MrTD.. can we have a indi that is matched with ff calender and our rules of 1hr before 30 after to automatically draw red zones on the chart beginning of the day starting Franky to end of london?
Passion, Persist, Patience, Protect
  • #10,550
  • Jul 15, 2014 5:24am Jul 15, 2014 5:24am
Quoting overseaz
{quote} Admitted in post 10,541
Yes, thanks. Saw only after typing.
Let's go with the flow
  • #10,551
  • Jul 15, 2014 5:32am Jul 15, 2014 5:32am
Mr TD PM sent

Udine
Sleep less, live fast, as it aint gonna last
  • #10,552
  • Jul 15, 2014 5:33am Jul 15, 2014 5:33am
Quoting Udine
{quote} Now that is good looking.. makes me wonder why I even opened the platform today.. Udine
I made the same mistake, should have rest in bed as I also didn't have a great night, lol.

Tomorrow looks better!
Attached Image (click to enlarge)
Click to Enlarge Name: News Impact 16 07.jpg Size: 79 KB
"Every battle is won before it's fought."
  • #10,553
  • Jul 15, 2014 5:35am Jul 15, 2014 5:35am
Quoting FXEmpire
{quote} MrTD.. can we have a indi that is matched with ff calender and our rules of 1hr before 30 after to automatically draw red zones on the chart beginning of the day starting Franky to end of london?
Sure! Why not?? Sounds like a good idea to me....
Just not able to get on to it this week as it is school holidays here (NZ) and I have 3 kids to keep busy.. or should I say keep me busy
Haven't even had a decent chance to trade the system since opening a demo with a low spread broker this week...

Will let you know when I get a chance to do it, as it will save a lot of confusion...

All the best,
MrTD
  • #10,554
  • Jul 15, 2014 5:38am Jul 15, 2014 5:38am
Quoting Lrt.Ita
{quote} I made the same mistake, should have rest in bed as I also didn't have a great night, lol. Tomorrow looks better! {image}
thx

Udine
Sleep less, live fast, as it aint gonna last
  • #10,555
  • Jul 15, 2014 5:40am Jul 15, 2014 5:40am
Quoting MrTD
{quote} Sure! Why not?? Sounds like a good idea to me.... Just not able to get on to it this week as it is school holidays here (NZ) and I have 3 kids to keep busy.. or should I say keep me busy Haven't even had a decent chance to trade the system since opening a demo with a low spread broker this week... Will let you know when I get a chance to do it, as it will save a lot of confusion... All the best, MrTD

hey you and you family come first brother.. no sweat when ever you can as a good addition to the method.

Thanks for your reply.
Passion, Persist, Patience, Protect
  • #10,556
  • Jul 15, 2014 5:41am Jul 15, 2014 5:41am
Quoting Lrt.Ita
{quote} I made the same mistake, should have rest in bed as I also didn't have a great night, lol. Tomorrow looks better! {image}
Is that grid correct? shouldn't your red zone at 09:30 be across GJ and GU? not GU and EU, the news is G news isn't it?
  • #10,557
  • Jul 15, 2014 5:50am Jul 15, 2014 5:50am
Quoting Callum
{quote} Is that grid correct? shouldn't your red zone at 09:30 be across GJ and GU? not GU and EU, the news is G news isn't it?
You are right!
Attached Image (click to enlarge)
Click to Enlarge Name: News Impact 16 07.jpg Size: 79 KB
"Every battle is won before it's fought."
  • #10,558
  • Jul 15, 2014 5:58am Jul 15, 2014 5:58am
tempted to trade EU at 1.36 but decided against it! esp with red news not too far away
no trade EJ based on rules

time to watch a movie
  • #10,559
  • Jul 15, 2014 6:02am Jul 15, 2014 6:02am
Quoting FXEmpire
{quote} I don't believe in, nor like the sup/dem thing or analysis.. with no offense Alec, but appreciate the offer.

full loss..
touching anything today is like poison..
Passion, Persist, Patience, Protect
  • #10,560
  • Jul 15, 2014 6:04am Jul 15, 2014 6:04am
Quoting Lrt.Ita
{quote} You are right! {image}

Why EJ and EU during GBP news is yellow? To be more caucious?
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