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As simple as possible: 00 level trading

  • #14,261
  • Jul 29, 2014 8:56am Jul 29, 2014 8:56am
Quoting Patron
{quote} Translate. Speak up. Do not chew while you talk. Say things clearly. And do not drink during work. What we mothers must suffer.

I mean:

- Udine is the guru
- I have learned so much from Udine
- Today, i have three trades, EA/GJ/GJ, with +12.5pips in.

That is it.
Outcome is not important at all, but correct technique is what only matters
  • #14,262
  • Jul 29, 2014 8:57am Jul 29, 2014 8:57am
Quoting cigarguy
+10.4 for today and done. Many green pips to all Cigarguy
Well done.
Donde hay Patron no manda Marinero
  • #14,263
  • Jul 29, 2014 8:57am Jul 29, 2014 8:57am
Quoting Patron
{quote} Translate. Speak up. Do not chew while you talk. Say things clearly. And do not drink during work. What we mothers must suffer.
Now that was funny Patron........... great humour!

Masterrmind............
Master your Mind then Master your Trades
  • #14,264
  • Jul 29, 2014 8:58am Jul 29, 2014 8:58am
Quoting cigarguy
+10.4 for today and done. Many green pips to all Cigarguy
Nicely done!

Masterrmind.............
Master your Mind then Master your Trades
  • #14,265
  • Jul 29, 2014 9:00am Jul 29, 2014 9:00am
Quoting Masterrmind
Trade Loss #1 CHFJPY -10 SL {image} Comment: This trade should NOT have been entered even if it had gone to TP, it was wrong from the start! Masterrmind...........
Hello MM,

I also lost that trade.
Please clarify your comment below the image.
  • #14,266
  • Jul 29, 2014 9:00am Jul 29, 2014 9:00am
Quoting szpowerx
{quote} I mean: - Udine is the guru - I have learned so much from Udine - Today, i have three trades, EA/GJ/GJ, with +12.5pips in. That is it.
"Ridiculous, not believe you." It is a compliment?
Donde hay Patron no manda Marinero
  • #14,267
  • Jul 29, 2014 9:03am Jul 29, 2014 9:03am
Jeez
Outcome is not important at all, but correct technique is what only matters
  • #14,268
  • Jul 29, 2014 9:04am Jul 29, 2014 9:04am
Quoting Patron
{quote} "Ridiculous, not believe you." It is a compliment?
Stupid man, combine the context, all right?

Udine refer 'for these non-believer'


What the fuck are you thinking?
Outcome is not important at all, but correct technique is what only matters
  • #14,269
  • Jul 29, 2014 9:04am Jul 29, 2014 9:04am
Quoting Masterrmind
{quote} Now that was funny Patron........... great humour! Masterrmind............
We are people from all over the world, different cultures. And sometimes a good comment may seem bad, etc. .. So you have to try to talk to as simple as possible. Avoid misunderstandings, hehe.
Donde hay Patron no manda Marinero
  • #14,270
  • Jul 29, 2014 9:04am Jul 29, 2014 9:04am
Quoting orangutangas
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...

both the EJ and GJ were above the DO.. is good enough for me to go for green pips

EJ:
- 1st trade was LO (TS)
- 2nd trade was after rejecting DO and back up (TP)


GJ:
- 1st trade rejected the DO & RN so long entry (TP)
- 2nd trade drove fast through the RN & DO & GU also below DO, so good short (TP)
- 3rd trade rejected DO , so good enough for me (TP)
- 4th trade pending set @ NY open but opened hour after (TP)

GU:
- trade break out of early hour level (pre FF open) (TP)

hope that answers your question

Udine
Sleep less, live fast, as it aint gonna last
  • #14,271
  • Jul 29, 2014 9:05am Jul 29, 2014 9:05am
Quoting Patron
{quote} We are people from all over the world, different cultures. And sometimes a good comment may seem bad, etc. .. So you have to try to talk to as simple as possible. Avoid misunderstandings, hehe.
Now everything is clear
Donde hay Patron no manda Marinero
  • #14,272
  • Jul 29, 2014 9:07am Jul 29, 2014 9:07am
Quoting easygoing
{quote} 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. {image}
You are welcome.
  • #14,273
  • Jul 29, 2014 9:08am Jul 29, 2014 9:08am
guys,

please for a lot of us English is not the first language, so please be patient when something is not clear...

Udine
Sleep less, live fast, as it aint gonna last
  • #14,274
  • Jul 29, 2014 9:13am Jul 29, 2014 9:13am
Quoting ejdzbikej
{quote} 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 {image}...

1. adr: check the code its all in there
2. there is posted an adjusted one somewhere in the thread

Udine
Sleep less, live fast, as it aint gonna last
  • #14,275
  • Jul 29, 2014 9:18am Jul 29, 2014 9:18am
Quoting oneki
{quote} Hello MM, I also lost that trade. Please clarify your comment below the image.
Firstly, look at the chart all the way back to the start of the trading day....near enough to a flat line...yes!

What's the range like since the start of the trading day all the way through to NY open.........terrible.....yes!

If Frankfurt and London were not capable of moving a JPY related pair then what was the chance that NY would ......... not very likely.....yes!

What was I thinking? I was anticipating that NY open would give me the 5 pips I wanted but PA reversed and went the opposite way passing through the DO!

It happens and it's just one of those things BUT it was a trade that should not have been taken because of a very low probability of success.

I will be very aware of this next time I can assure you of that.

Good Trading.

Masterrmind...............
Master your Mind then Master your Trades
  • #14,276
  • Jul 29, 2014 9:19am Jul 29, 2014 9:19am
I am combining my system with what Udine teaches, here is a picture for today's GJ.

Each box actually tells a winning GJ (although i don't take each one).

Thanks Udine, teach so much to me for what is a successful system. Now i feel better and better.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 34 KB
Outcome is not important at all, but correct technique is what only matters
  • #14,277
  • Jul 29, 2014 9:22am Jul 29, 2014 9:22am
finally GJ (172.80) to TP...done for the day
  • #14,278
  • Jul 29, 2014 9:24am Jul 29, 2014 9:24am
Quoting Udine
{quote} 1. adr: check the code its all in there 2. there is posted an adjusted one somewhere in the thread Udine
Hartelijk dank mijn vriend
  • #14,279
  • Jul 29, 2014 9:28am Jul 29, 2014 9:28am
Thanks MM & Patron and many pips to both!

Regards,
Cigarguy
Keep It Simple
  • #14,280
  • Jul 29, 2014 9:30am Jul 29, 2014 9:30am
Here is an old joke. Don't be hard on me. I'm trying to translate:
A man came to India to see a Guru.
- Guru, please tell me how can I become a Guru like you?
- That's easy! Every morning look in a mirror and ask the question: Who am I?... Who am I?
- A man didn't believe him and went to see another Guru.
- Please tel me how I can become a Guru like you?
- Guru was busy with taking out dirt from a newly build house by himself and said: Take out all this dirt from my house and then we will see...
A man was busy 3 months, ...6 months, .....12 months, .......18 months! Finally he asked the Guru: Tell me please, how much more should I work that hard?
Guru looked at a very tired man and told him: Every morning go to a mirror and ask.....But that's what another Guru told me!!!
- And you didn't believe him??!!!
PS we can change the question: Who am I ? for - Am I a disciplined trader?
Look for reasons not to take a trade.
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