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As simple as possible: 00 level trading

  • #14,241
  • Jul 29, 2014 8:20am Jul 29, 2014 8:20am
Quoting ravitelang
Which wukar is preferrable?? WUKAR or Wheelbarrel Trailing

check the thread.. they are different...

each has its own function

Udine
Sleep less, live fast, as it aint gonna last
  • #14,242
  • Jul 29, 2014 8:21am Jul 29, 2014 8:21am
GJ TP= +5
Attached Image (click to enlarge)
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Look for reasons not to take a trade.
  • #14,243
  • Jul 29, 2014 8:25am Jul 29, 2014 8:25am
for possible non believers:

Attached Image


Udine
Sleep less, live fast, as it aint gonna last
  • #14,244
  • Jul 29, 2014 8:25am Jul 29, 2014 8:25am
Quoting JibalaPasan
Trade #5 EJ TP. {image} Jibala
You have the Open Line Day 10 pips higher than mine.

136.874 my Open Line
136.970 your Open Line?
Donde hay Patron no manda Marinero
  • #14,245
  • Jul 29, 2014 8:25am Jul 29, 2014 8:25am
Should we stop trading for whatever currency red news is there??
Just like USD red news is there within next half an hour, so can we trade EJ???Udine comment from you please..
  • #14,246
  • Jul 29, 2014 8:26am Jul 29, 2014 8:26am
Quoting Udine
GJ to TP Udine
Same here!
  • #14,247
  • Jul 29, 2014 8:30am Jul 29, 2014 8:30am
Quoting ravitelang
Should we stop trading for whatever currency red news is there?? Just like USD red news is there within next half an hour, so can we trade EJ???Udine comment from you please..
yes

Udine
Sleep less, live fast, as it aint gonna last
  • #14,248
  • Jul 29, 2014 8:31am Jul 29, 2014 8:31am
Quoting sj9bp20
{quote} You two have turned my trading around. You made me think about the very basics of money management in a different way. I am now confident that I can make a living from this. The idea of returning to work has been hanging over my head for a while now. Something I really didnt want to have to do. The WUKAR method is a saviour to me so I cannot thank you enough Udine.
It's good, but be careful. Don't make fast moves, market will be waiting for you.
Forex it's like a girl.
It doesn't like when you hurry.
It likes your attention.
Think strategically.
For example, if you want to get married, you will think and estimate all factors..
And financial markets the same...
They don't like fast solutions, made only because you've got some profit today.
It's very complex, strategical, psychological game.
You must know who you are, your own psychology.
And then you'll know psychology of other players.
And then you can make stable money.
  • #14,249
  • Jul 29, 2014 8:32am Jul 29, 2014 8:32am
Quoting Patron
{quote} You have the Open Line Day 10 pips higher than mine. 136.874 my Open Line 136.970 your Open Line?
To be exact 136.969, Broker Oanda US.

Attached Image (click to enlarge)
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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,250
  • Jul 29, 2014 8:34am Jul 29, 2014 8:34am
Quoting owner2005
{quote} It's good, but be careful. Don't make fast moves, market will be waiting for you. Forex it's like a girl. It doesn't like when you hurry. It likes your attention. Think strategically. For example, if you want to get married, you will think and estimate all factors.. And financial markets the same... They don't like fast solutions, made only because you've got some profit today. It's very complex, strategical, psychological game. You must know who you are, your own psychology. And then you'll know psychology of other players. And...
Good advice.
Donde hay Patron no manda Marinero
  • #14,251
  • Jul 29, 2014 8:35am Jul 29, 2014 8:35am
Quoting owner2005
{quote} I think you entered too late, first level was 137. Hourly close was 136.998
My hourly open was exactly 137.000.

But I agree. I think I entered too late.

Firstly, my mental condition was not calm enough because of being late for NYO.
Secondly, EU was blow DO.
Thirdly, EJ didn't have a r/s above 137, so a stop of 137 was not strong enough.
Fourthly, UJ had already come up too far.

I had to be more patient. Thanks, owner2005. I'm glad I'm learning and have good company here.
Attached Image
My hope has been almost completely shattered, but not completely yet
  • #14,252
  • Jul 29, 2014 8:35am Jul 29, 2014 8:35am
Quoting JibalaPasan
{quote} To be exact 136.969, Broker Oanda US. {image} Jibala
OK. Thanks.
Donde hay Patron no manda Marinero
  • #14,253
  • Jul 29, 2014 8:40am Jul 29, 2014 8:40am
Hi guys. Been reading over the thread for the last couple days and did some back testing last night.

I am english and go to work 30 minutes after the London open. My brokers day starts 10 hours before the London open. 10 minutes before the London open I look at the charts and pick two I like the most, set pending orders in the direction of the previous 10 hours, and go to work.

Is anyone else using this system in a similar 'set and forget' manner? Any advice or recommendations?

thanks and stay green

dan
  • #14,254
  • Jul 29, 2014 8:41am Jul 29, 2014 8:41am
Quoting owner2005
{quote} It's good, but be careful. Don't make fast moves, market will be waiting for you. Forex it's like a girl. It doesn't like when you hurry. It likes your attention. Think strategically. For example, if you want to get married, you will think and estimate all factors.. And financial markets the same... They don't like fast solutions, made only because you've got some profit today. It's very complex, strategical, psychological game. You must know who you are, your own psychology. And then you'll know psychology of other players. And...
check post 711

Udine
Sleep less, live fast, as it aint gonna last
  • #14,255
  • Jul 29, 2014 8:41am Jul 29, 2014 8:41am
GJ, +5.2 not a safe trade with quarter number and DS1 in my face(burpees done for prior GJ trade)

Regards,
Cigarguy
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Keep It Simple
  • #14,256
  • Jul 29, 2014 8:42am Jul 29, 2014 8:42am
Udine,
I have simple question to you, master. Today in the morning you did EJ long trade when London opened and at 12am(as all rules were met). But i haven't seen you were publishing EJ 3pm trade despite it was were going up with the trend. During the day you did GU short trade @1.697 level.. i am a bit confused how do you determined trend when fx ratio is jumping all around DO line? For example this today GU trade: before london sesion px was down so we were looking only for short trades; but at 11.30 it had rally up above DO line, after that it retraced back to downwards trend. Isn't it a bit of roller-coaster and according you rules we should avoid these trades?
Ty
  • #14,257
  • Jul 29, 2014 8:43am Jul 29, 2014 8:43am
Quoting Udine
for possible non believers: {image} Udine

Ridiculous, not believe you.

Sir, the time i first see this thread i know you are the guru.

Although i am not using your system intact, i know how much i learned from your system.


Close today, GJ + 5pips.

So today:

Asian Session: EA +2.5 pips (If not close earlier due to go out, should be 5 pips)

NY Session: GJ + 5pips
GJ + 5pips

Three trades, three wining.
Outcome is not important at all, but correct technique is what only matters
  • #14,258
  • Jul 29, 2014 8:48am Jul 29, 2014 8:48am
Quoting Udine
{quote} nope that was just an indicator to show the ADR of the past... its not in the thread... you dont need it either... you only want tot see the now Udine







Allright I think I got it. All I need are the values from xadr2 indi, correct? By the way, forgive me my horrid ignorance, but I must ask this one Basing on what data this ADR indi takes its measures from? Say my new day candle opens at 9:30 EST, and my NEW DAY LINE is set up to start at the same time. Do I have to adjust ADR indi to the same time as well and if so , how?
Also, I have problem with market panel clock indicator. Every time I change TF it turns to black square and no setting seems to help with this.








Regards,
Bart
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  • #14,259
  • Jul 29, 2014 8:49am Jul 29, 2014 8:49am
Quoting szpowerx
{quote} Ridiculous, not believe you. Sir, the time i first see this thread i know you are the guru. Although i am not using your system intact, i know how much i learned from your system. Close today, GJ + 5pips. So today: Asian Session: EA +2.5 pips (If not close earlier due to go out, should be 5 pips) NY Session: GJ + 5pips GJ + 5pips Three trades, three wining.
Translate. Speak up.
Do not chew while you talk. Say things clearly.
And do not drink during work.

What we mothers must suffer.
Donde hay Patron no manda Marinero
  • #14,260
  • Jul 29, 2014 8:52am Jul 29, 2014 8:52am
+10.4 for today and done. Many green pips to all

Cigarguy
Keep It Simple
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