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As simple as possible: 00 level trading

  • #13,861
  • Jul 28, 2014 7:17am Jul 28, 2014 7:17am
GBPCHF BONUS +1%
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Donde hay Patron no manda Marinero
  • #13,862
  • Jul 28, 2014 7:21am Jul 28, 2014 7:21am
Quoting Juan007
{quote} firts i ask Udine can i put the resistance indicator here? i will put it

yes you can..

i dont see a reason for using it, but feel free..

Udine
Sleep less, live fast, as it aint gonna last
  • #13,863
  • Jul 28, 2014 7:27am Jul 28, 2014 7:27am
Quoting Udine
{quote} yes you can.. i dont see a reason for using it, but feel free.. Udine
ok

thanks

i put the 15m and 30m to false
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  • #13,864
  • Jul 28, 2014 7:28am Jul 28, 2014 7:28am
Hi Udine,

Very sorry for this question.
Can you tell me how apply ADR & ATR for this strategy ... ?
I can't understand that part.
I read the thread but could't understand / find that.
Please help me.
( How to filter bad trades by using this with indicators )

Thanks
  • #13,865
  • Jul 28, 2014 7:29am Jul 28, 2014 7:29am
Quoting flx69
GJ to SL (luckily at half the lot size, so BE for the day). {image}
I am still on but I was just lucky: I place SL couple pips on the other side of the 00 level.
  • #13,866
  • Jul 28, 2014 7:35am Jul 28, 2014 7:35am
Quoting Juan007
{quote} ok thanks i put the 15m and 30m to false {file}
Thanks Juan. I will take a look into it.

thanks a gain for sharing.
  • #13,867
  • Jul 28, 2014 7:36am Jul 28, 2014 7:36am
Quoting oneki
Hi Udine, Very sorry for this question. Can you tell me how apply ADR & ATR for this strategy ... ? I can't understand that part. I read the thread but could't understand / find that. Please help me. ( How to filter bad trades by using this with indicators ) Thanks
Do you know what is ADR?
Donde hay Patron no manda Marinero
  • #13,868
  • Jul 28, 2014 7:37am Jul 28, 2014 7:37am
GJ SL= -10
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Look for reasons not to take a trade.
  • #13,869
  • Jul 28, 2014 7:38am Jul 28, 2014 7:38am
Quoting oneki
Hi Udine, Very sorry for this question. Can you tell me how apply ADR & ATR for this strategy ... ? I can't understand that part. I read the thread but could't understand / find that. Please help me. ( How to filter bad trades by using this with indicators ) Thanks

the higher the ADR or ATR (google to check what it means) the higher the volatility

the higher the number the higehr the possibility to get a winning trade..

but seems market is already on holidays..

Udine
Sleep less, live fast, as it aint gonna last
  • #13,870
  • Jul 28, 2014 7:39am Jul 28, 2014 7:39am
Quoting szpowerx
Today's two trades: EAUD + 5pips, in ASIA session ECAD +5pips, in NY session
Bonus

EA +5pips
Outcome is not important at all, but correct technique is what only matters
  • #13,871
  • Jul 28, 2014 7:40am Jul 28, 2014 7:40am
Quoting flx69
GJ to SL (luckily at half the lot size, so BE for the day). {image}
For those who GL hit SL, I believe I'm using a better broker than urs.
My lowest bid was 173.002 which just above the SL.
however, my order has been TS before that and not dare to re entry again>.<
another 5pips otherwise.
  • #13,872
  • Jul 28, 2014 7:42am Jul 28, 2014 7:42am
He said: "How to use a bicycle?"
He replied, "You know what's a bike?"
Donde hay Patron no manda Marinero
  • #13,873
  • Jul 28, 2014 7:45am Jul 28, 2014 7:45am
Quoting oneki
Hi Udine, Very sorry for this question. Can you tell me how apply ADR & ATR for this strategy ... ? I can't understand that part. I read the thread but could't understand / find that. Please help me. ( How to filter bad trades by using this with indicators ) Thanks
Did you read the Word Document in post #1 ?

Copy & paste:

Say the ADR (Average Daily Range) of a pair for the last 20 days is 100 pips.

Lets use the Daily open line as the centre... so the daily potential of the pair is going higher: daily open + 100 pips and going lower: daily open -/- 100 pips, although it almost never goes exactly like this...

If at London open my pair has NOT moved the ADR, I know I can make money !!
Besides, I dont need many pips, not that hungry (read greedy)… no need to eat the whole pie, I simply want a small slice of the pie (5 pips/trade).

Next to know... has the ADR (Average Daily Range) been reached.
In this case added an indicator to show the ADR of May 28th...

IF ADR has been reached: no more trading...

The clear blue line shows me that ADR has almost been reached... for me a sign NOT to trade this pair anymore!!

You have read in my pre-set rules I trade the 15M, but you can trade this just as easy off the 1H charts !!
  • #13,874
  • Jul 28, 2014 7:49am Jul 28, 2014 7:49am
Quoting Patron
He said: "How to use a bicycle?" He replied, "You know what's a bike?"
"What we mothers must suffer!"
Donde hay Patron no manda Marinero
  • #13,875
  • Jul 28, 2014 7:52am Jul 28, 2014 7:52am
Quoting Patron
{quote} "What we mothers must suffer!"

Para ! Para ya Patron. Me duele la barriga de risa !!!

flx69
  • #13,876
  • Jul 28, 2014 7:54am Jul 28, 2014 7:54am
Trade #2

GJ +5 TP

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Comment: Straight out of NY Open

Masterrmind...........
Master your Mind then Master your Trades
  • #13,877
  • Jul 28, 2014 7:58am Jul 28, 2014 7:58am
Quoting Masterrmind
Trade #2 GJ +5 TP {image} Comment: Straight out of NY Open Masterrmind...........

Great, classical type of Udine's
Outcome is not important at all, but correct technique is what only matters
  • #13,878
  • Jul 28, 2014 7:58am Jul 28, 2014 7:58am
Gj to TP, done for the day

the reason was just NY open...
  • #13,879
  • Jul 28, 2014 7:59am Jul 28, 2014 7:59am
Quoting flx69
{quote} Para ! Para ya Patron. Me duele la barriga de risa !!! flx69
Voucher. I myself appreciate the em ployment of your time in explaining, as I see that does not reach the other side. By the way, very well explained what the ADR ...
Although we could talk about the relative value of ADR depending on the condition. Blablabla .. and ... blablaba.
Donde hay Patron no manda Marinero
  • #13,880
  • Jul 28, 2014 8:00am Jul 28, 2014 8:00am
Quoting Carpathian
I am GJ LONG @173.000
Closed +1 by TS. A full SL loss was only a question of .5 pips cos I place SL on the other side of 00. Not the best entry.
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