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As simple as possible: 00 level trading

  • #12,441
  • Jul 22, 2014 7:34am Jul 22, 2014 7:34am
Quoting owner2005
{quote} Udine, please tell me, is all of your trading systems based on sync with other pairs? Can you say that it's main filter of your signals of systems?

nope

Udine
Sleep less, live fast, as it aint gonna last
  • #12,442
  • Jul 22, 2014 7:36am Jul 22, 2014 7:36am
just interesting observation during the red news on USD now: spreads of EJ and GJ where 10-15 pips.

so a pending order would have been very risky.
  • #12,443
  • Jul 22, 2014 7:38am Jul 22, 2014 7:38am
Quoting yag
just interesting observation during the red news on USD now: spreads of EJ and GJ where 10-15 pips. so a pending order would have been very risky.
Whoa... I saw a 2.0 spread for a bit in there, but nothing higher...
Small disciplines repeated with consistency lead to great achievements.
  • #12,444
  • Jul 22, 2014 7:40am Jul 22, 2014 7:40am
i am happy with +5 today, so cu tomorrow!
  • #12,445
  • Jul 22, 2014 7:44am Jul 22, 2014 7:44am
Quoting jmflukeiii
{quote} Whoa... I saw a 2.0 spread for a bit in there, but nothing higher...
Look at this, up to a whopping 6 pips...
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  • #12,446
  • Jul 22, 2014 7:45am Jul 22, 2014 7:45am
EU, closed manually +4.3 with 5 lots live.

Cigarguy
Attached Image
Keep It Simple
  • #12,447
  • Jul 22, 2014 7:45am Jul 22, 2014 7:45am
LOL nice, looking the 4 pairs together we have the lowest volatility of the last 3 years.

Lrt
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"Every battle is won before it's fought."
  • #12,448
  • Jul 22, 2014 7:48am Jul 22, 2014 7:48am
Quoting Lrt.Ita
LOL nice, looking the 4 pairs together we have the lowest volatility of the last 3 years. Lrt {image}

it simply means that if you can be neutral or even a little down now, you will do fine when it picks up again..

Udine
Sleep less, live fast, as it aint gonna last
  • #12,449
  • Jul 22, 2014 7:49am Jul 22, 2014 7:49am
Quoting yag
just interesting observation during the red news on USD now: spreads of EJ and GJ where 10-15 pips. so a pending order would have been very risky.
I can confirm that, demo ECN account at 14:30 CET: EJ -- 3.6 (0.6), GJ -- 6.4 (1.0), UJ -- 2.5 (0.5), EU -- 2.2 (0.4), GU -- 4.0 (0.6)
Average ususal spreads in brackets.
  • #12,450
  • Jul 22, 2014 7:55am Jul 22, 2014 7:55am
Quoting cigarguy
EU, closed manually +4.3 with 5 lots live. Cigarguy {image}
Congrats Cigarguy.

Just curious, was that trade according to the philosophy of the 00-level system ?

flx69
  • #12,451
  • Jul 22, 2014 7:55am Jul 22, 2014 7:55am
Quoting Lrt.Ita
LOL nice, looking the 4 pairs together we have the lowest volatility of the last 3 years. Lrt {image}
...Silence before a storm.
  • #12,452
  • Jul 22, 2014 8:06am Jul 22, 2014 8:06am
Quoting flx69
{quote} Congrats Cigarguy. Just curious, was that trade according to the philosophy of the 00-level system ? flx69

flex69,

Level trading with hour candle charts same as here, but discretionary entry and close based on experience with the EU pair and higher t/f PA consideration.

Cigarguy
Keep It Simple
  • #12,453
  • Jul 22, 2014 8:14am Jul 22, 2014 8:14am
So far this week:

Mon E/J -> -10 (london 2nd hour)
E/A -> +5 (london 3rd hr)

Tues G/U -> -10 (FF open)
G/J -> -10 (london open)
E/J -> +5 (London +1)
E/A -> +5 (London +1)
G/A -> +1.4 (London +2)
E/J -> +5 (London +2)
GA -> -10 (London +3)

Total for week so far is -18.6 pips. As far as I can tell only the FF open trade was against Udines rules.

I thought I would post this with the hopes that others who may not be doing as well would post their results. I'm curious if I am the only one who doesn't seem to be making the pips. It seems like during the London session there are 100+ members viewing the thread but only about 20 regulars who seem to be getting their 10+ pips a day, and well done to all of you.

Anyhow, see you tomorrow when we will try again!..... Time for bed!
  • #12,454
  • Jul 22, 2014 8:23am Jul 22, 2014 8:23am
Quoting Lrt.Ita
LOL nice, looking the 4 pairs together we have the lowest volatility of the last 3 years. Lrt {image}
BRILLIANT

Your data have just convinced me to take holidays the whole of August.
No trading for me.

flx69
  • #12,455
  • Jul 22, 2014 8:24am Jul 22, 2014 8:24am
Quoting Obie45
So far this week: Mon E/J -> -10 (london 2nd hour) E/A -> +5 (london 3rd hr) Tues G/U -> -10 (FF open) G/J -> -10 (london open) E/J -> +5 (London +1) E/A -> +5 (London +1) G/A -> +1.4 (London +2) E/J -> +5 (London +2) GA -> -10 (London +3) Total for week so far is -18.6 pips. As far as I can tell only the FF open trade was against Udines rules. I thought I would post this with the hopes that others who may not be doing as well would post their results. I'm curious if I am the only one who doesn't seem to be making the pips. It seems like during...
I am a newbie in forex trading. Last week, I was down to 5% because of impatience. I entered trades that were not according to Udine's rules.

This week I am up to 2.5% now (I only win 0.5% per trade). I find it is more difficult to trade at FO open.
I believe this is the most simplest system I have ever tried. As Udine said: choose your battle wisely and you'll be fine.

Cheer
  • #12,456
  • Jul 22, 2014 8:31am Jul 22, 2014 8:31am
Gj -- SL

head hunter... fast moving
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  • #12,457
  • Jul 22, 2014 8:36am Jul 22, 2014 8:36am
Quoting Obie45
So far this week: Mon E/J -> -10 (london 2nd hour) E/A -> +5 (london 3rd hr) Tues G/U -> -10 (FF open) G/J -> -10 (london open) E/J -> +5 (London +1) E/A -> +5 (London +1) G/A -> +1.4 (London +2) E/J -> +5 (London +2) GA -> -10 (London +3) Total for week so far is -18.6 pips. As far as I can tell only the FF open trade was against Udines rules. I thought I would post this with the hopes that others who may not be doing as well would post their results. I'm curious if I am the only one who doesn't seem to be making the pips. It seems like during...
You're nor alone,
7.6% down this week...
  • #12,458
  • Jul 22, 2014 8:38am Jul 22, 2014 8:38am
Quoting Lrt.Ita
{quote} Udine was showing me that exact thing yesterday.. I consider trading in those dead months as a really hard training. Probably who is profitable now as the markets start moving (maybe september) will be excellent.. Lrt
Well, IMO the total lack of fear in the market and its addiction to stimulus added to the increase in guidance by feds across the world has created the current dynamic. When we start to approach real changes in exchange rates and we see expectations ramped up for IR differentials to move again we will see volatility pick up and ADRs wide. Until then, chip away, be happy, be healthy, and be green . Just my .02
  • #12,459
  • Jul 22, 2014 8:39am Jul 22, 2014 8:39am
I just woke up from a MUCH needed 3.5 hr sleep. Feel like a new man.
  • #12,460
  • Jul 22, 2014 8:44am Jul 22, 2014 8:44am
Quoting flx69
{quote} BRILLIANT Your data have just convinced me to take holidays the whole of August. No trading for me. flx69
Smart choice

I'll keep trading as I'm just learning and I'm in demo, nothing to lose and a lot to learn..
Have a nice summer flx!

Lrt
"Every battle is won before it's fought."
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