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As simple as possible: 00 level trading

  • #13,581
  • Jul 25, 2014 9:22am Jul 25, 2014 9:22am
Well guys, it´s been a most interesting day, unfortunately with few opportunities in the 4 core pairs.

I will hold off trading for now. Most of the pairs seem to be on holidays already, only to respond to high impact news.

Wish you all a great weekend and green pips for those still trading the next couple of hours !

See you on Monday.

flx69
  • #13,582
  • Jul 25, 2014 9:23am Jul 25, 2014 9:23am
Quoting Patron
I have also done many discretionary trades today, and I found it difficult to apply the system of Udine, today. The results have been short, and long risk. But not to the point post here these trades, because neither are very good, and belong to the thread. {image}
I'm unhappy today too. Until next week, and will push harder.
Donde hay Patron no manda Marinero
  • #13,583
  • Jul 25, 2014 9:24am Jul 25, 2014 9:24am
Quoting Patron
{quote} I'm unhappy today too. Until next week, and will push harder.
dont be unhappy..

just accept the fact that you can only get what the market is willing to give you..

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #13,584
  • Jul 25, 2014 9:26am Jul 25, 2014 9:26am
Quoting cigarguy
{quote} jmflukeiii, Thank you for your comment; Well, I do trade Udine's system/method as a base system, which was a great inspiration on his part to put this system together such as he has done and to share it with all. No system can be traded blindly by just entering on trade levels, as powerful as they are as they also are areas of S & R where pending buy/sells orders are placed. I have seen traders enter on such levels according to the rules and then ask why that trade failed. With that being said the bigger picture must also be observed ie.,...

so we need a S&R inicator for 1H and 4H

some body have one
  • #13,585
  • Jul 25, 2014 9:27am Jul 25, 2014 9:27am
Quoting Udine
{quote} dont be unhappy.. just accept the fact that you can only get what the market is willing to give you.. cheers Udine
Udine Thanks for your support, and good weekend.
Donde hay Patron no manda Marinero
  • #13,586
  • Jul 25, 2014 9:28am Jul 25, 2014 9:28am
Quoting Juan007
{quote} so we need a S&R inicator for 1H and 4H some body have one

dont start that on the thread please...

Udine
Sleep less, live fast, as it aint gonna last
  • #13,587
  • Jul 25, 2014 9:28am Jul 25, 2014 9:28am
Quoting flx69
Well guys, it´s been a most interesting day, unfortunately with few opportunities in the 4 core pairs. I will hold off trading for now. Most of the pairs seem to be on holidays already, only to respond to high impact news. Wish you all a great weekend and green pips for those still trading the next couple of hours ! See you on Monday. flx69
Amigo, preparate que este año el Madrid ha fichado a James Rodríguez
Donde hay Patron no manda Marinero
  • #13,588
  • Jul 25, 2014 9:29am Jul 25, 2014 9:29am
Quoting Udine
{quote} dont be unhappy.. just accept the fact that you can only get what the market is willing to give you.. cheers Udine
Udine,

Exactly; "Sometimes you eat the bear ... and sometimes the bear eats you" .......

Cigarguy
Keep It Simple
  • #13,589
  • Jul 25, 2014 9:32am Jul 25, 2014 9:32am
Quoting Juan007
{quote} so we need a S&R inicator for 1H and 4H some body have one
Juan007,

You have it; it was provided by Udine, your key levels. Don't need more indicators.

Cigarguy
Keep It Simple
  • #13,590
  • Edited 9:52am Jul 25, 2014 9:33am | Edited 9:52am
Quoting Patron
{quote} Amigo, preparate que este año el Madrid ha fichado a James Rodríguez

James Rodriguez .........Colombiano

scorer in the world
goal of the global
  • #13,591
  • Jul 25, 2014 9:37am Jul 25, 2014 9:37am
Quoting Juan007
{quote} James Rodriguez Colombiano scorer in the world goal of the global
No es Colombiano de segundo apellido, es colombiano porque es de Colombia, de nacionalidad colombiana.
Me gusta mucho cómo juega ese chico. Es fantástico!

Me voy, me voy corriendo! Adiossss
Donde hay Patron no manda Marinero
  • #13,592
  • Jul 25, 2014 10:01am Jul 25, 2014 10:01am
+5 GU this morning. Placed an order and off to the beach. -15 this week.
Nice weekend to all!
  • #13,593
  • Jul 25, 2014 10:07am Jul 25, 2014 10:07am
GJ sell @ 172.800 -> TS
  • #13,594
  • Jul 25, 2014 10:12am Jul 25, 2014 10:12am
My this weeks results on live account i am just going for 1% now. I am happy that i ended up with green pips. Today i made one mistake traded different pair and suffered loss.
Thanks Udine.

Happy week end to all.
Attached Image
  • #13,595
  • Jul 25, 2014 10:23am Jul 25, 2014 10:23am
gj +5

oo level micro see
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 2.png Size: 44 KB
  • #13,596
  • Jul 25, 2014 10:40am Jul 25, 2014 10:40am
1M its a way to check when i trade

gu sell

i dont like support
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-ProM1 1.png Size: 61 KB
  • #13,597
  • Jul 25, 2014 11:01am Jul 25, 2014 11:01am
hi guys..:-) question to Udine or other experienced traders here - if I may please..;-)

I have re-read Udine's word doc about this system (few times) - great stuff Udine - Thank you a million!

I have a question please regarding ADR - AVERAGE DAILY RANGE as I am a bit vague about it

Udine stated to trade only pairs with highest ADR, and he also said he usually checks if his pair reached it's ADR limit. If it did - no more trading for that pair. He also gave a number of that limit as 100

OK so here it goes.
I am looking at GBP/JPY - at the moment ADR is 65.
So GBY/JPY 65 is only half way gone so plenty of time to trade it as yet, if all other signals align that is. Plenty to go to that 100.
Is that correct?

Do I judge all other pairs to the 100 number?....

sorry for asking but I do not understand it - hate to have blanks....
Thank you
  • #13,598
  • Jul 25, 2014 11:10am Jul 25, 2014 11:10am
Quoting flx69
{quote} I haven´t got a clue as to why TS wasn´t triggered... This chart clearly shows the high value. I am using OOTB settings, the only thing I´ve changed is the commissions value (7). Anybody ? {image}
What was the entry price and what is the high of that bar? Price has to move TrailingStop (35) PLUS the spread (10 on your screen) so if it didn't move that far it would not trigger.
  • #13,599
  • Jul 25, 2014 11:10am Jul 25, 2014 11:10am
Quoting Azzych
Does anyone have any modification WUKAR_WB_Trail which is on chart GJ will cover only GJ position?
That's what it's supposed to do.
  • #13,600
  • Jul 25, 2014 11:12am Jul 25, 2014 11:12am
Quoting gyfu
I might be asking a dumb question here, but how do you use the Eric pending Order Line script? 1) How do I know that it is going to execute a buy or a sell order? 2) When I try to put 2 pending orders, only one line appeared and I am not sure if there are 2 pending orders or one? Eric or anyone that is familiar, please advise. Thanks.
If it's above price it will Buy, below price Sell. You can only place one pending order line at a time.
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