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As simple as possible: 00 level trading

  • #13,061
  • Jul 24, 2014 5:01am Jul 24, 2014 5:01am
Just been reflecting on my results and situation and re reading some of the early pages & info in the thread, Things sure have changed in a small amount of time (lots of posts but small timeframe). It seemed so simple to begin with and I was initially having success, then all the talk started and people posting other pairs and tokyo opens etc, people questioning udine on why he took that trade and not this trade leading to discussions about various topics including sync between pairs and market interpretation. etc.

As I have been reading all of it and digesting all of it my trading has gone from ok to average to umm what the hell am I doing...

Time to wipe the slate clean, go back to the beginning clear the mind and get some PDF and BCC. to be honest I think there is more greed going on in this thread than most would want to admit, and I am guilty for sure
  • #13,062
  • Jul 24, 2014 5:02am Jul 24, 2014 5:02am
When there's temptation and speculation but the rules do not allow you to enter that also feels good.
  • #13,063
  • Jul 24, 2014 5:03am Jul 24, 2014 5:03am
Inserted Video


:-)
  • #13,064
  • Jul 24, 2014 5:04am Jul 24, 2014 5:04am
Udine a question if you don't mind. The last 2 or three weeks you haven't been getting the % return that you have previously, do you believe its just what the market has been like or is there more going on and perhaps with all the questions you field your own judgement is shifting? just interested to hear your thoughts on the last 2 and a bit weeks... cheers
  • #13,065
  • Jul 24, 2014 5:05am Jul 24, 2014 5:05am
Quoting nitecop
{quote} trying to understand your reason, was it due to synced momentum in all CAD pairs?
at the time of the trade, CAD was strong GBP was weak on the 4 TF i watch. My 1 minute system was in agreement. looking to the left on the 1 hr chart, there was a clear target below my TP (no max out to get TP), and my 1 hr guide chart also was in agreement. All in all, I could find no reason to not take the trade so I took it.
  • #13,066
  • Jul 24, 2014 5:07am Jul 24, 2014 5:07am
Quoting Callum
Udine a question if you don't mind. The last 2 or three weeks you haven't been getting the % return that you have previously, do you believe its just what the market has been like or is there more going on and perhaps with all the questions you field your own judgement is shifting? just interested to hear your thoughts on the last 2 and a bit weeks... cheers
Just a question. How do you know what returns he has been getting. He only stated between 8 and 22%. He has been trading it for 6 months before starting the thread. We don't know the mean or mode of his results distribution.
  • #13,067
  • Jul 24, 2014 5:09am Jul 24, 2014 5:09am
Okay, why not take GJ SHORT 172.700?
(1) Two hours ago it was strong support
(2) Last week low is @172.67
(3) GU struggling w/ level 100 downwards
(4) We are LO+4 hrs

What is your opinion? Or is it obvious without listing all the above?

Get a chart for that, somebody may look later...
Attached Image
  • #13,068
  • Jul 24, 2014 5:12am Jul 24, 2014 5:12am
Quoting Patron
Ciao, dear Udinicers. I'm going to cook a great paella, seafood. {image}
Great, thatīs my specialty and the only dish I cook...

Whereabouts in Spain are you based ?
Valencian paella would be rather different than "mar & muntaņa".

flx69
  • #13,069
  • Jul 24, 2014 5:12am Jul 24, 2014 5:12am
Quoting Callum
Udine a question if you don't mind. The last 2 or three weeks you haven't been getting the % return that you have previously, do you believe its just what the market has been like or is there more going on and perhaps with all the questions you field your own judgement is shifting? just interested to hear your thoughts on the last 2 and a bit weeks... cheers

nahh, if the markets are not willing to give me more.. i simply take what I can get.... it will turn around again for sure..

that is the PDF & BCC coming in

Udine
Sleep less, live fast, as it aint gonna last
  • #13,070
  • Jul 24, 2014 5:14am Jul 24, 2014 5:14am
Quoting Callum
Just been reflecting on my results and situation and re reading some of the early pages & info in the thread, Things sure have changed in a small amount of time (lots of posts but small timeframe). It seemed so simple to begin with and I was initially having success, then all the talk started and people posting other pairs and tokyo opens etc, people questioning udine on why he took that trade and not this trade leading to discussions about various topics including sync between pairs and market interpretation. etc. As I have been reading all of...

greed for a trader is like alcohol for an ex alcoholic...

you have to keep the urge under control always, one day at the time...

Udine
Sleep less, live fast, as it aint gonna last
  • #13,071
  • Jul 24, 2014 5:20am Jul 24, 2014 5:20am
Quoting Udine
{quote} greed for a trader is like alcohol for an ex alcoholic... you have to keep the urge under control always, one day at the time... Udine
Thanks for the replies Udine... I like that analogy will put that in my notepad
  • #13,072
  • Jul 24, 2014 5:20am Jul 24, 2014 5:20am
Quoting Carpathian
{quote} GJ I would not rule out, if closes above .800 this hour it could work, GU/GJ in sync, however I see UJ is up (ie. not in sync w/ GU).
I agree. However the further south the price action goes the slower it should become so I wont (didnt now) take it at .700.

Its at times like this when I wonder whether trading from 50 levels is just as viable as the 00 levels.

I have high hopes for E pairs in the next few days. I am expecting EU to fall to the 1.33-- levels (resistance level on daily).
  • #13,073
  • Jul 24, 2014 5:21am Jul 24, 2014 5:21am
Quoting JibalaPasan
{quote} Wrong! The RmUp / RmDn is fully implemented in the frontend and shows exactly the same number what the charts does. But it does not generate a signal anymore if there is no more space for RmUp / RmDn. Jibala
Jibala - what is RgL & RgH - Some high and low for what??? the week or month??
Blindly following others will make you blind!
  • #13,074
  • Jul 24, 2014 5:22am Jul 24, 2014 5:22am
Hi Everyone,

Back to take a look from now and into the NY open.

How did everyone fair trading the Asian session today....difficult I bet....never mind things will get better!

Masterrmind..........
Master your Mind then Master your Trades
  • #13,075
  • Jul 24, 2014 5:23am Jul 24, 2014 5:23am
Quoting Patron
Ciao, dear Udinicers. I'm going to cook a great paella, seafood. {image}
Do you deliver?
  • #13,076
  • Jul 24, 2014 5:23am Jul 24, 2014 5:23am
Quoting panamamike
{quote} Just a question. How do you know what returns he has been getting. He only stated between 8 and 22%. He has been trading it for 6 months before starting the thread. We don't know the mean or mode of his results distribution.
Because I read the thread and he has stated that last 2 weeks were consecutively the worst, i.e 2 weeks ago was the worst until last week which was worse again... Not that 8% is bad by any stretch
  • #13,077
  • Jul 24, 2014 5:24am Jul 24, 2014 5:24am
Quoting Georgebaker
{quote} Jibala - what is RgL & RgH - Some high and low for what??? the week or month??
Itīs in post #1, Udineīs explanatory Word Document.

flx69
  • #13,078
  • Jul 24, 2014 5:24am Jul 24, 2014 5:24am
Quoting Carpathian
Okay, why not take GJ SHORT 172.700? (1) Two hours ago it was strong support (2) Last week low is @172.67 (3) GU struggling w/ level 100 downwards (4) We are LO+4 hrs What is your opinion? Or is it obvious without listing all the above? Get a chart for that, somebody may look later... {image}
My main reason for no pending, is that when last weeks low was taken out earlier, it quickly turned back. It may test it again, who knows, but I'll pass and wait for a more clear setup.
  • #13,079
  • Jul 24, 2014 5:28am Jul 24, 2014 5:28am
Quoting Masterrmind
Hi Everyone, Back to take a look from now and into the NY open. How did everyone fair trading the Asian session today....difficult I bet....never mind things will get better! Masterrmind..........
Welcome back.

I have taken two trades since beginning of Asia. Both winners. Missed 2 other clean setups; however for tracking 21 pairs (due to news and PA) there has not been many opportunities yet today. Yet being the operative word.
  • #13,080
  • Jul 24, 2014 5:28am Jul 24, 2014 5:28am
Quoting panamamike
{quote} My main reason for no pending, is that when last weeks low was taken out earlier, it quickly turned back. It may test it again, who knows, but I'll pass and wait for a more clear setup.

Mmm, I see:

Before last H1 bar reached a low of 172.629
Last H1 bar, tremendous Bear pressure.
If with the open of the current H1 bar 172.774 bear pressure is strong enough to push it through the .700 level, it should hit TP.
I am waiting for a star to fall...

flx69
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