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As simple as possible: 00 level trading

  • #10,661
  • Jul 15, 2014 11:04am Jul 15, 2014 11:04am
Quoting JibalaPasan
I am off na, Typhoon to much heavy! Jibala
Be careful and God bless.
Lets WUKAR FIFO!! - Udine
  • #10,662
  • Jul 15, 2014 11:12am Jul 15, 2014 11:12am
Quoting nitecop
{quote} No way! I'm from Toronto too! I wasn't very confident on asian sessions so I'll admit I've avoided trading until frankfurt which is 2 am our time... so you catch some asian and then sleep until london open??
Im just outside of toronto too guys! Nice to meet you!
Know your edge and trade within it
  • #10,663
  • Jul 15, 2014 11:14am Jul 15, 2014 11:14am
Quoting fxtrader29ca
{quote} Im just outside of toronto too guys! Nice to meet you!
welcome !
Intraday only.
  • #10,664
  • Jul 15, 2014 11:55am Jul 15, 2014 11:55am
ok guys/girls,

I am out of here..

speak tomorrow

Cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #10,665
  • Jul 15, 2014 11:55am Jul 15, 2014 11:55am
Quoting navk
Gj + 5 ( Asia - short) ea + 5 ( Asia - Long ) ga +5 ( Asia - Long ) gu +9, ( Long - London ) GU + 5 ( NY - long ) gj - 10 (Asia long, SL hit ) gc +5 ( NY long ) UPDATE : 4 %

are you on demo or real account?.. of course if you don't mind me asking..
Passion, Persist, Patience, Protect
  • #10,666
  • Jul 15, 2014 12:03pm Jul 15, 2014 12:03pm
Quoting JibalaPasan
I am off na, Typhoon to much heavy! Jibala
stay safe..

regards
jeet
  • #10,667
  • Jul 15, 2014 12:05pm Jul 15, 2014 12:05pm
Quoting FXEmpire
{quote} are you on demo or real account?.. of course if you don't mind me asking..
First day, 4 th July I did on Demo.

Thereafter on live.

1 st week on Live a/c : 19.66 %

Until now this week since I started trading this system on Live : 25.55 %.

ALL LIVE.
Intraday only.
  • #10,668
  • Jul 15, 2014 12:10pm Jul 15, 2014 12:10pm
The ones which are helping me :

1) Udine's sweat spots.
2)Udine's rules about RN.
3) Udine's other rules.
4) Udine's candle color ( Daily and hourly )
5) My entry system.

I reconfirm signals from Udine's system based on my entry system.

I do not stick onto ( sometimes) 10 pip stop loss. A t times I increase it to 15 based on Daily pivot.
Intraday only.
  • #10,669
  • Jul 15, 2014 12:11pm Jul 15, 2014 12:11pm
Quoting lucariga
I've had my order @ .400 on EJ triggered.... Can't understand why because price never reached that level {image}
Hello, Anyone who is wondering why EJ got triggered @.400 this afternoon in the NY open hour -- spread widening (depending on your broker!). My indicator registers max/min spread, and it showed max spread 9.4 pips at 15:29 (GMT+2). Unfortunately I've just reset it when I switched to M1 now. So the bid was at around @.363 +9 pips giving an ask level of around .453 triggering any buy stop placed @.400 or even higher at times marked with yellow rectangle. I am demoing an ECN account.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 26 KB

Yet another reason for not trading when news are on.
  • #10,670
  • Jul 15, 2014 12:40pm Jul 15, 2014 12:40pm
Quoting navk
{quote} First day, 4 th July I did on Demo. Thereafter on live. 1 st week on Live a/c : 19.66 % Until now this week since I started trading this system on Live : 25.55 %. ALL LIVE.

so you follow the rules only whenever that you feel like it and post better results than most including the OP..

I'll just get a hold of myself right now and say no more..


good job anyhow..
Passion, Persist, Patience, Protect
  • #10,671
  • Jul 15, 2014 12:42pm Jul 15, 2014 12:42pm
Quoting navk
2)Udine's rules about RN.
If you don`t mind me asking what is RN in Udine`s rules, thanks in advance for the reply.
  • #10,672
  • Jul 15, 2014 12:51pm Jul 15, 2014 12:51pm
Quoting goranFX
{quote} If you don`t mind me asking what is RN in Udine`s rules, thanks in advance for the reply.
It's all in the 1st post
  • #10,673
  • Edited 1:34pm Jul 15, 2014 1:04pm | Edited 1:34pm
Quoting FXEmpire
{quote} so you follow the rules only whenever that you feel like it and post better results than most including the OP.. I'll just get a hold of myself right now and say no more.. good job anyhow..
How long you have been trading ?

No system is 100 % perfect.

If something is 100 % perfect, you would be millionaire and I will be millionaire too by trading. Why some trades are met with Stop loss even if the entries

are as per rules ?

So, your skills too play a major part in your success.

Udine has tried to put most of it in this package.

Use what you have learnt also along with Udine's package for more success.

It is true that some times I over rule Udine's rules. Example, I use Udine's hourly candle, sweat spots, RN etc and use my system for entries.
Intraday only.
  • #10,674
  • Jul 15, 2014 1:05pm Jul 15, 2014 1:05pm
Quoting goranFX
{quote} If you don`t mind me asking what is RN in Udine`s rules, thanks in advance for the reply.
RN = Round number.

He advises not to take any entries at RN, then 900, 100 levels.
Intraday only.
  • #10,675
  • Jul 15, 2014 1:17pm Jul 15, 2014 1:17pm
Quoting FXEmpire
{quote} so you follow the rules only whenever that you feel like it and post better results than most including the OP.. I'll just get a hold of myself right now and say no more.. good job anyhow..
A question to you.

Attached is EN chart.

We are still in NY session.

Still there is room to go up.

The time time is 2.14 ET.

System rules are ok to go long.

At 2.14 ET, will you take a trade here ?

I will not.

Reason ;
1) My daily target is met already.
2) 2.14 ET, market is dead.
3) The price is chopping around.
4) NZd moves the most in Asia. Eur moves the most in FF/London.

what is your thought ?

Will you not try to use what you have learnt all these days?

This is what I try to do.

Hope it helps.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM15.png Size: 91 KB
Intraday only.
  • #10,676
  • Jul 15, 2014 1:37pm Jul 15, 2014 1:37pm
Quoting FXEmpire
{quote} so you follow the rules only whenever that you feel like it and post better results than most including the OP.. I'll just get a hold of myself right now and say no more.. good job anyhow..
You said I post better results than others including OP.

Check yourself, the entire thread.

Many have posted excellent results.

Udine is more disciplined in taking trades, 1 to 2 % per day rules.
Intraday only.
  • #10,677
  • Jul 15, 2014 1:53pm Jul 15, 2014 1:53pm
Quoting navk
{quote} A question to you. Attached is EN chart. We are still in NY session. Still there is room to go up. The time time is 2.14 ET. System rules are ok to go long. At 2.14 ET, will you take a trade here ? I will not. Reason ; 1) My daily target is met already. 2) 2.14 ET, market is dead. 3) The price is chopping around. 4) NZd moves the most in Asia. Eur moves the most in FF/London. what is your thought ? Will you not try to use what you have learnt all these days? This is what I try to do. Hope it helps. {image}

did i push a button or something!!..

ok, since your so eager for a reply back now you got yourself one..

why don't you tell us about your gu long at ny when adr was way over..
this method or any other or whatever.. is that a wise trade on a day trader life!!.. is like asking to get topped off.
weren't you above and beyond your daily goal there!!

anyhow do whatever you want.. i don't care..

but here is the deal.. you don't follow the rules.. you don't post live charts.. you just coming at end of the day post your spectacular results trading behind the curtains.. is that a contribution of any kind!!..

again who cares.. i don't for certain.. do what you like but posting irrelevant is just too amusing to not say nothing at times.


oh.. and ask of me... I am just a terrible trader who does not learn anything maybe.. but i keep it real and for certain don't post irrelevant bullsh*t.

don't expect any reply back from me sport about this matter.. now knock yourself out if you really feel the need.

stay green..
Passion, Persist, Patience, Protect
  • #10,678
  • Jul 15, 2014 1:54pm Jul 15, 2014 1:54pm
Hi guys,

Me again, do not want to be anoying, but need somem help.

Got MT4 now, but have to issues:
an someone direct to
1. Do not know which ones are the latest EA, can someone direct to right post?
2. Some help how to add that EA to MT4, totally green here

BR,
NER
  • #10,679
  • Jul 15, 2014 1:54pm Jul 15, 2014 1:54pm
Most of experienced traders know this.

Trading psychology can affect your judgment while you are trading. There are two emotions in particular have been the source of ruin for forex traders over the years. Those two emotions are fear and greed. Fear will cause you to either not make a trade when the opportunity arises, or to close a trade prematurely without giving it a chance to be profitable. Greed will cause you to make trades that are too large or too risky, while trying to make massive gains. Greed can also cause you to try to wait for the pair you trade to move instead of being satisfied with a run.

How to beat your emotions

The best way to combat trouble with trading psychology is by making a trading plan and sticking to it. Use well thought out risk management and get in over your head. Remember that mastering your emotions will allow you to seize the real profit from the markets while emotions are high for others. If you can master your emotions and follow good risk management practices, you can be a successful forex trader.
Intraday only.
  • #10,680
  • Jul 15, 2014 2:00pm Jul 15, 2014 2:00pm
Good night ... Because the spread today in the EUR / JPY 400 level (1.38351). I know this forum is not for that ... but I wonder Brokers in which you operate ~ es ... because I operate with Hotforex and spreads are much higher that most friends. The strategy is magnificent, and is even better with the Discipline of Udine ... But which Broker working?
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